Monday, January 23, 2012

Romney loses South Carolina to Gingrich

Republican presidential candidate, former Massachusetts Gov. Mitt Romney, stands with his wife Ann as he speaks at his South Carolina primary election night reception at the South Carolina State Fairgrounds in Columbia, S.C., Saturday, Jan. 21, 2012. Former House Speaker Newt Gingrich won the Republican primary Saturday night. (AP Photo/Charles Dharapak)

Republican presidential candidate, former Massachusetts Gov. Mitt Romney, stands with his wife Ann as he speaks at his South Carolina primary election night reception at the South Carolina State Fairgrounds in Columbia, S.C., Saturday, Jan. 21, 2012. Former House Speaker Newt Gingrich won the Republican primary Saturday night. (AP Photo/Charles Dharapak)

Republican presidential candidate, former Massachusetts Gov. Mitt Romney, right, kisses his wife Ann, as following his speech during the South Carolina Primary night rally as from left, granddaughter Allie and son Tagg look on Saturday, Jan. 21, 2012, in Columbia, S.C. (AP Photo/David Goldman)

Republican presidential candidate, former Massachusetts Gov. Mitt Romney, greets supporters at his South Carolina primary election night reception at the South Carolina State Fairgrounds in Columbia, S.C., Saturday, Jan. 21, 2012. Former House Speaker Newt Gingrich won the Republican primary Saturday night. (AP Photo/Charles Dharapak)

Republican presidential candidate, former Massachusetts Gov. Mitt Romney, right, greets supporters with wife Ann, as he walks out for the South Carolina Primary night rally Saturday, Jan. 21, 2012, in Columbia, S.C. (AP Photo/David Goldman)

Republican presidential candidate former Massachusetts Gov. Mitt Romney, right, greets supporters with wife Ann, as he walks out for the South Carolina Primary night rally Saturday, Jan. 21, 2012, in Columbia, S.C. Former House Speaker Newt Gingrich won the Republican primary Saturday night. (AP Photo/David Goldman)

(AP) ? Republican presidential candidate Mitt Romney told supporters Saturday he's going to compete for every vote in every state after former House speaker Newt Gingrich beat him in the South Carolina primary.

"Our campaign has fought very hard here in South Carolina and in the coming weeks and months, I'll keep fighting for every single vote," the former Massachusetts governor told supporters at the South Carolina State Fairgrounds, only mentioning Gingrich by name to congratulate him. "I will compete in every single state."

Romney wasted no time jabbing first at President Barack Obama for a lacking business or management experience, and then at Gingrich: "Our party can't be led to victory by someone who also has never run a business and never led a state."

Romney said Obama has attacked free enterprise and that "we cannot defeat that president with a candidate who has joined that very assault on free enterprise." Gingrich has attacked Romney's record running Bain Capital, a private equity firm.

The loss dampens Romney's momentum heading into Florida ? the state that crushed his presidential hopes four years ago when he lost to John McCain and immediately dropped out of the race.

Romney came to South Carolina riding high on what were then twin wins in Iowa and New Hampshire. Gingrich finished far behind him in both contests. But Romney's narrow Iowa victory was revoked this week, and questions about his refusal to release his tax returns before April have dogged him day after day. He slid in polls in the last days going into the primary and ultimately lost to the former House speaker.

"We've still got a long way to go and a lot of work to do and tomorrow we're going to move on to Florida," Romney said Saturday.

It's a dramatic reversal of fortune for a campaign that just 10 days ago was hoping to perform well here, go on to win Florida and wrap up the nomination fight quickly. Instead, he spent the week ahead of the primary trying to fight off the surging Gingrich, who repeatedly called on the multimillionaire Romney to release his tax returns. Gingrich has attacked Romney as a "Massachusetts moderate."

In recent days, Romney has jumped from topic to topic as he has struggled to attack Gingrich. His surrogates have labeled Gingrich an "unreliable leader," while Romney has called on the former House speaker to release documents related to an ethics inquiry from the 1990s. On Saturday he shifted back to an attack he'd used in earlier debates, calling on Gingrich to further explain his ties to Freddie Mac. Gingrich was a consultant for the quasi-government mortgage agency over a period of eight years.

Romney still has significant advantages over his three remaining Republican rivals, including an enormous financial edge and a well-organized campaign. In next-up Florida, he's been organizing supporters for months and has particularly focused on absentee voters. Hundreds of thousands of voters have already sent in their ballots in Florida's primary.

Still, this primary season has been characterized by late-deciding voters. A majority of South Carolina Republican voters said they decided on a candidate in the last few days, and they favored Gingrich by a double-digit margin, according to exit polls. Romney had a small edge among those who said they made up their minds in December or earlier.

While they were confident early on, Romney's team was bracing for defeat by the end of the week. On Saturday, Romney said he would attend a debate Monday in Tampa, Fla., and his campaign confirmed he would be at one Thursday in Jacksonville, Fla., ahead of the state's primary Jan. 31. Romney did not confirm the appearances until the last minute, and they were an acknowledgment that the former Massachusetts governor would have to continue the battle with Gingrich longer than expected.

Romney plans to appear Fox News Sunday on Sunday morning ahead of a campaign rally in Daytona Beach, Fla. On Monday, Romney will campaign in the Tampa Bay area before the presidential debate.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2012-01-21-Romney/id-880f70cf482647a690f67154f8c34887

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Saturday, January 21, 2012

Arab League considers extension of Syria mission (AP)

BEIRUT ? Syrian government tanks and armored vehicles have pulled back from an embattled mountain town near Damascus, activists and witnesses said Thursday, but at least 16 people were killed by security forces elsewhere as a monthlong Arab League fact-finding mission expired.

The pullback from Zabadani left the town under the control of the opposition, activists said. The besieged town of Zabadani has witnessed heavy exchanges of fire between army troops and anti-government military defectors over the past six days.

The 10-month uprising against Syrian President Bashar Assad has turned increasingly militarized and chaotic as more frustrated regime opponents and army defectors arm themselves and fight back against government forces. The capital has seen three suicide bombings since late December which the government blamed on terrorist extremists.

Arab League foreign ministers will consider extending the League's observer mission in Syria in a meeting Sunday in Cairo, officials said Thursday.

Although the mission expired Thursday, Adnan al-Khudeir, head of Cairo operations room that handles reports by the monitors, told The Associated Press that observers will remain in Syria until a decision is made on Sunday.

According to al-Khudeir, the meeting chaired by the Qatari foreign minister will discuss a report by the head of the mission Gen. Mohammed Ahmed al-Dabi who is arriving in Cairo from Syria on Thursday.

The monitors will remain in 17 different places around Syria until the Arab League makes a final decision, he says.

"If there is a decision to extend the mission of the observers, we are ready to send more monitors after training them in three days," he said, adding that the total number of monitors might reach 300.

The mission has been mired in controversy, with the opposition claiming it served as a cover for the regime to continue its brutal crackdown against protesters.

Rejecting charges that the observers have been ineffective in reducing violence, another official said extending the mission would help the opposition more than the regime.

"The killings are less, the protests increase," he said, speaking on condition of anonymity because no decision has been made. "The mission's presence offers assurance to the people because the observers can spot any violations. There is a conviction even among Syria opponents that the extension is better than withdrawal."

U.S. State Department spokeswoman Victoria Nuland said Thursday the monitors have had a "mixed picture" of results, enabling some protests and some media coverage, but violence continues.

"We believe that we've got to increase the economic pressure on the Assad regime to change course," she said.

More than 5,400 people have been killed since the uprising erupted last March.

Activists reported continued violence Thursday. In Damascus, a Syrian security agent was wounded when a small explosive device tore through his car in the Tadamon neighborhood, a Syrian official said. No other damages were reported from the morning explosion, according to the official, who spoke on condition of anonymity because he was not authorized to give statements.

A military security brigadier, Adel Mustafa, also was killed by soldiers who had defected and refused his orders to shoot at civilians in the Bab Qibli area of Homs, according to the Local Coordination Committees, an umbrella group of activists. The officer had previously overseen many killing and arrest operations, according to the LCC.

In Zabadani, activist Fares Mohammad said Syrian forces withdrew Wednesday night to two military barracks on the outskirts.

"There is a cautious calm, but fear of another major assault being prepared against Zabadani," he told The Associated Press by telephone from the resort town, located alongside the Lebanese border 17 miles (27 kilometers) west of Damascus.

The Syrian opposition has on several occasions throughout the uprising gained control of a town or city, but ultimately forces loyal to Assad retook them. It is unusual however for the army to take so long to recapture a town so close to the capital.

Mohammed said the siege had eased, although heating oil has not been allowed into the town, where it snowed earlier this week. Military checkpoints surrounding the Zabadani were still in place, he said, while about 100 armed defectors were "protecting" it.

Residents said government mortars had shelled the town on Wednesday, but that too had stopped.

The British-based Syrian Observatory for Human Rights confirmed the pullout from Zabadani, saying only two armored personnel carriers were left behind at one of the checkpoints near the town.

Syrian officials issued no comment about the fighting in Zabadani.

Activists said at least 16 people were killed by security forces across Syria on Thursday, including four activists who were ambushed in the northern Jabal al-Zawiya region.

___

Michael reported from Cairo. Additional reporting by Bradley Klapper in Washington.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20120119/ap_on_re_mi_ea/ml_syria

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AP source: Obama campaign begins buying ad time (AP)

WASHINGTON ? President Barack Obama's campaign has begun buying advertising time in four states that will be critical to the president's re-election effort, a sign that the presidential campaign is entering a new phase.

A campaign official says the Obama campaign has bought ad time in Michigan, Virginia, Ohio and North Carolina. The official spoke on condition of anonymity and was not authorized to speak publicly about internal campaign strategy.

Obama's campaign has not yet launched its television advertising, but the decision to buy ad time shows the campaign is moving closer to directly rebutting Republican presidential front-runner Mitt Romney and other GOP opponents on television.

The president delivers his State of the Union address on Tuesday and travels to five states to discuss his policies after the speech.

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//news.yahoo.com/s/ap/20120118/ap_on_el_pr/us_obama_campaign

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Friday, January 20, 2012

Bank of New York Mellon 4Q profit falls 26 pct (AP)

NEW YORK ? Bank of New York Mellon Corp.'s fourth-quarter net income fell 26 percent, hurt by restructuring charges and a decline revenue stemming from less client activity and a seasonal slowdown in one of its businesses.

The results missed Wall Street expectations, and its shares fell almost 4 percent in midday trading.

The nation's sixth-largest bank reported on Wednesday that its net income fell to $505 million, or 42 cents per share, for the period ended Dec. 31. That's down from $679 million, or 54 cents per share, a year earlier.

Restructuring charges totaled 6 cents per share in the quarter. Taking out those charges, earnings were 48 cents per share.

Analysts expected earnings of 54 cents per share, according to a FactSet survey.

Revenue fell 6 percent to $3.54 billion from $3.75 billion, missing Wall Street's estimate of $3.75 billion.

Bank of New York Mellon's stock dropped 83 cents, or 3.9 percent, to $20.44 in midday trading.

Chairman, President and CEO Gerald Hassell said in a statement that the revenue decline was due to lower-than-normal levels of client activity caused by uncertain market conditions and the seasonality of its depositary receipts business.

Bank of New York Mellon earns fees from services such as banking, stock lending and investment record-keeping for institutions such as pension funds, as well as corporations and wealthy individuals.

Fee revenue fell to $2.77 billion from $2.97 billion, while investment services fees dropped 8 percent to $1.6 billion because of lower volumes, higher money market fee waivers and seasonally lower depositary receipts revenue.

Foreign exchange and trading revenue slipped in the quarter, as did investment management and performance fees.

Net interest revenue rose to $780 million from $775 million in the third quarter due to growth in client deposits placed with central banks.

Provision for credit losses was $23 million mostly because of a broker-dealer customer that filed for bankruptcy.

Assets under custody and administration rose 3 percent to $25.8 trillion thanks to new business. Assets that the Bank of New York Mellon manages, excluding securities lending assets, climbed 8 percent to $1.26 trillion.

For the full year, the New York trust bank's net income was basically flat at $2.52 billion. Per share earnings were down slightly to $2.03 per share from $2.05 per share in the previous year.

Annual revenue increased 6.1 percent to $14.73 billion from $13.88 billion.

Bank of New York Mellon also declared a quarterly dividend of 13 cents per share. The dividend will be paid on Feb. 7 to shareholders of record on Jan. 30.

Source: http://us.rd.yahoo.com/dailynews/rss/earnings/*http%3A//news.yahoo.com/s/ap/20120118/ap_on_bi_ge/us_earns_bank_of_new_york_mellon

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Florida Bar honors Barton, Armstrong for pro bono service

James M. Barton II, Tampa circuit court judge, and lawyer Rosemary E. Armstrong will receive awards from the Florida Bar?

Barton will receive the 2012 Distinguished Judicial Service Award, which honors outstanding and sustained public service as it relates to support of pro bono legal services, a written statement said.

He has contributed more than 1,000 hours to pro bono efforts since joining the bench in 1991, helped launch a campaign to recruit new pro bono lawyers and was chair of the Thirteenth Judicial Circuit Pro Bono Committee from 1993 to 2010.

Armstrong, a sole practitioner in Tampa, will receive the 2012 Tobias Simon Pro Bono Service Award, the highest statewide pro bono award, the statement said.

The award recognizes contributions by Florida lawyers in making legal services available to people unable to afford them. As a volunteer with Bay Area Legal Services?

Armstrong was elected to the board of directors at Bay Area Legal Services in 1989 and has been a board member continuously for 22 years, including three terms as president.

Charles T. Canady, Florida Supreme Court?

James M. Barton II, Tampa circuit court judge, and lawyer Rosemary E. Armstrong will receive awards from the Florida Bar?

Barton will receive the 2012 Distinguished Judicial Service Award, which honors outstanding and sustained public service as it relates to support of pro bono legal services, a written statement said.

He has contributed more than 1,000 hours to pro bono efforts since joining the bench in 1991, helped launch a campaign to recruit new pro bono lawyers and was chair of the Thirteenth Judicial Circuit Pro Bono Committee from 1993 to 2010.

Armstrong, a sole practitioner in Tampa, will receive the 2012 Tobias Simon Pro Bono Service Award, the highest statewide pro bono award, the statement said.

The award recognizes contributions by Florida lawyers in making legal services available to people unable to afford them. As a volunteer with Bay Area Legal Services?

Armstrong was elected to the board of directors at Bay Area Legal Services in 1989 and has been a board member continuously for 22 years, including three terms as president.

Charles T. Canady, Florida Supreme Court?

Source: http://feedproxy.google.com/~r/vertical_58/~3/ONqyGU0qV5E/florida-bar-honors-barton-armstrong.html

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Thursday, January 19, 2012

Obama re-election ad targets Koch brothers, touts ???green tech??? jobs (Daily Caller)

There are 10 months to go before election day, and the Obama re-election campaign has already begun running a self-congratulatory TV ad.

The 30-second ad, titled ?Unprecedented,? frames President Barack Obama as a leader who kept his 2008 campaign promises to subsidize the green-tech energy industry.

?President Obama has taken steps to make us energy independent and create an economy that?s built to last,? the Obama campaign said on the Web page where the ad is hosted. It is already running in several swing-states, including Ohio and Pennsylvania.

The campaign website began promoting the new ad on the same day Obama announced he would continue to freeze plans to build the Keystone XL oil pipeline from Canada to the United States.

GOP leaders slammed Obama for that decision, saying he wiped out 20,000 construction jobs.

Watch the new Obama re-election ad:

YouTube Preview Image Researchers at the Republican National Committee quickly countered Obama?s new ad, declaring in an email blast that ?Obama?s first campaign ad [is] a lot like his term so far ? a whole lot of talk to thwart attention from Obama?s failed record.?

The first Obama re-election ad came out in late November, and simply showed the president appealing for more campaign volunteers.

The new ad is partly intended to shield Obama from criticism about his energy policies, which have curbed opportunities for oil companies, nudged up gas prices and heavily subsidized risky green-tech companies, including the failed Solyndra solar-tech company.

That purpose is highlighted in the ad?s first few words, which claims ?secretive oil billionaires are attacking President Obama with ads fact-checkers say are not tethered to the facts.?

Those ?secretive oil billionaires,? according to the campaign?s website, are David and Charles Koch ? a pair of libertarian?brothers who run an huge oil-services company and openly declare their opposition to Obama?s energy policies.

On Jan. 18, as Obama?s ad was released, the brothers? main political arm, Americans For Prosperity, rolled out its own seven-day campaign.

The campaign is intended to highlight Obama?s ?worst offenses to the principles of limited government and free market enterprise? during the week prior to Obama?s 2012 State of the Union speech, according to a statement from the group.

?President Obama seems to have ?conveniently forgotten? that he has been president for the past three years, and refuses to take responsibility for the economic woes, regulatory burdens, and skyrocketing national debt we face as a nation,? said Americans For Prosperity president Tom Phillips.

Obama?s new TV ad suggests the president should get credit for 2.7 million ?green tech jobs? that the center-left Brookings Institute has?claimed exist in the United States.

Most of these jobs, however, existed prior to 2008, and many are only tangentially linked to low-pollution technology. Using the same study cited by Obama?s TV new ad, the Republicans??response showed that the total number of all green-tech jobs only grew 3.4 percent between 2007 and 2010.

The Obama ad also touts a reduction in the nation?s energy imports. ?For the first time in thirteen years,? it claims, ?our dependence on foreign oil is below fifty percent.?

But that decline was a natural outgrowth of the nation?s economic recession, which has curbed energy consumption.

The increased production was spurred by President George W. Bush, and by the private sector ? where natural gas companies have delivered increased volumes of gas from U.S. gas fields ? rather than by Obama?s policies, according to the GOP response.

Obama re-election ad targets Koch brothers, touts 'green tech' jobs

TheDC top ten: Juicy bits in the Romney opposition-research file

Likely Giffords challenger: 'We need someone up there to fight for us'

Tea party activists coalescing behind Newt in South Carolina

SC treasurer on Romney endorsement: 'There were some problems'

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/dailycaller/20120118/pl_dailycaller/obamareelectionadtargetskochbrotherstoutsgreentechjobs

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CA-CANADA Summary (Reuters)

Obama Administration rejects Keystone oil pipeline

WASHINGTON (Reuters) ? The Obama Administration rejected the Keystone oil pipeline on Wednesday, likely pushing any revival of the project past November's elections, pleasing environmentalists while sparking a firestorm of criticism the White House was playing to its base. President Barack Obama said the administration denied TransCanada's application for the Canada-to-Texas oil sands pipeline down the spine of the country because there was not enough time to complete the review process, which included finding a new route around a sensitive aquifer in Nebraska.

Enbridge's deal with B.C. native group collapses

CALGARY, Alberta (Reuters) - Enbridge Inc's sole public deal with a native group along the route of the proposed C$5.5 billion ($5.42 billion) Northern Gateway pipeline collapsed after chiefs of the Gitxsan First Nation rejected the offer, but a spokesman for the company said on Wednesday new talks are expected. According to local media, Gitxsan hereditary chiefs voted 28-8 against accepting the agreement signed last month between Enbridge and the Gitxsan treaty office. The deal would have seen the First Nation take a slice of a 10 percent equity stake in the pipeline the company has offered to native groups.

Europe hasn't fully committed to IMF: Flaherty

GATINEAU, Quebec (Reuters) - Europe needs to cough up a lot more than $200 billion to the International Monetary Fund before calling on others to boost the international lender's funding capacity to deal with the fallout from the European debt crisis, Canadian Finance Minister Jim Flaherty said on Wednesday. "Our view has been...that Europeans must fully commit their own resources to solving their own European crisis before others ought to be called upon to make any contribution," the minister told reporters in Gatineau, Quebec, across the river from Ottawa.

Farmers tiptoe into newly opened Canada wheat market

WINNIPEG, Manitoba (Reuters) - As some of the world's biggest grain traders fan out across Canada's Prairies to compete openly for farmers' wheat and barley for the first time since World War II, they're finding more farmers like Paul Balicki than Stephen Vandervalk. Balicki, from Saskatchewan, says he's been unimpressed with early offers to buy the spring wheat he plans to grow this year, which he's been required to sell to the Canadian Wheat Board since 1943. Like many of the region's 100,000 farmers, most of whom have no memory of a free-market system, change comes hard.

Analysis: Nortel case delay highlights Canada crime approach

TORONTO (Reuters) - The years-long delay in bringing three former Nortel Networks executives to trial for fraud has reinforced Canada's well-earned reputation as a laggard in markets enforcement, particularly when compared with the United States, its critics say. Jurisdictional issues, lack of personnel and a national police task force that has not produced results all contribute to what lawyers and academics say is Canada's dysfunctional approach to prosecuting white-collar crime.

Bank of Canada holds rates, sees faster recovery

OTTAWA (Reuters) - The Bank of Canada held its key policy rate at 1 percent on Tuesday, but forecast a faster Canadian recovery than expected despite an increasingly worrying outlook for the global economy. Governor Mark Carney has held the central bank's rate unchanged for 16 months, the longest period without a rate change since the bank began targeting the overnight rate in 1994. A below-inflation 1 percent rate is providing considerable stimulus to the domestic economy, it says.

Government ready to intervene on housing, but not now: Flaherty

OTTAWA (Reuters) - The Canadian government is watching the housing market closely and is ready to intervene if necessary, but is not about to do so now, Finance Minister Jim Flaherty said on Tuesday, noting he saw indications of softening in the market. He was speaking to reporters after the Bank of Canada said that very favorable credit conditions were expected to buttress housing activity, and that Canada's ratio of household debt to income was expected to rise further.

Canada "has allies' confidence" despite spy case

OTTAWA (Reuters) - Canada still enjoys the confidence of its allies despite the arrest of a Canadian naval intelligence officer charged with handing over secrets to an unnamed country, Defence Minister Peter MacKay said on Tuesday. Jeffrey Paul Delisle faces a charges of giving "a foreign entity" secret information between July 6, 2007 and Jan 13, 2012. He was arrested in Halifax, Nova Scotia and will stay in jail until his next hearing on Jan 25.

Provinces bristle at federal health "deal"

VICTORIA, British Columbia (Reuters) - The provinces unanimously believe the federal government's unilateral decision to impose a new formula for how it will help fund the public healthcare system "was both unprecedented and unacceptable," British Columbia Premier Christy Clark said Monday. Clark made the remarks after chairing a meeting of the provincial premiers, where the main topic was Finance Minister Jim Flaherty's announcement last month of how much federal health spending would go up for the next decade and beyond.

Reprise for Nortel debacle as Toronto trial opens

TORONTO (Reuters) - Three former executives at bankrupt Nortel Networks reached into the "cookie jar" a decade ago to enrich themselves, prosecutors said, opening a fraud trial that dredged up memories of one of the most spectacular casualties of the 1990's dot-com bubble. The trio - former Chief Executive Frank Dunn, former Chief Financial Officer Douglas Beatty and former Controller Michael Gollogly - misrepresented Nortel's financial results between 2000 and 2004 in a plan that brought them bonus payments while defrauding investors, prosecutor Robert Hubbard said on Monday.

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/nm/20120118/wl_canada_nm/canada_summary

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