Monday, December 5, 2011

Israeli ads for expats prompt ire from US Jews

Israel has cancelled government-sponsored television advertisements calling on expatriates to return, after some American Jews complained that the message denigrated their lifestyles.

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The spots, aired on Israeli channels that are often viewed by emigrants, featured dramatized scenes of Jewish assimilation in gentile settings. In one, an Israeli couple looks dismayed to hear their grandchild mention celebrating Christmas abroad.

"I don't think I have ever seen a demonstration of Israeli contempt for American Jews as obvious as these ads," wrote influential U.S. blogger Jeffrey Goldberg, in sentiments echoed by several American Jewish groups that lodged complaints.

The United States has the largest Jewish community outside Israel, and religious assimilation there is common. Israel looks to American Jews for support, but some in the community chafe at Israel's rightist tilt and strains in its ties with Washington.

Prime Minister Benjamin Netanyahu ordered that the ads, produced by Israel's Immigration and Absorption Ministry, be yanked "immediately" upon hearing of the controversy they caused, his spokesman said on Saturday.

"The government of Israel is very attuned to the sensitivities of the American Jewish community," the spokesman, Mark Regev, said.

Copyright 2011 Thomson Reuters. Click for restrictions.

Source: http://www.msnbc.msn.com/id/45533868/ns/world_news-mideast_n_africa/

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Sunday, December 4, 2011

Ultraconservative Islamists make gains in Egypt

Supporters of Egyptian candidate for the parliamentary elections Mustafa Bakri, center, surround his car as they celebrate after he was able to win a seat in the first round in South Cairo's Helwan district, Egypt Thursday, Dec. 1, 2011. Partial results show the Muslim Brotherhood emerging as the biggest winner in Egypt's landmark parliamentary elections, and leaders of the once-banned Islamic group demanded to form the next government, setting the stage for a possible confrontation with the ruling military. (AP Photo)

Supporters of Egyptian candidate for the parliamentary elections Mustafa Bakri, center, surround his car as they celebrate after he was able to win a seat in the first round in South Cairo's Helwan district, Egypt Thursday, Dec. 1, 2011. Partial results show the Muslim Brotherhood emerging as the biggest winner in Egypt's landmark parliamentary elections, and leaders of the once-banned Islamic group demanded to form the next government, setting the stage for a possible confrontation with the ruling military. (AP Photo)

A banner supporting Egyptian parliamentary candidate Ahmed Abd El Hameed Mohammed is pasted on a wall in the al-Azhar quarter in Cairo, Egypt, Thursday, Dec. 1, 2011. The fundamentalist Brotherhood is emerging as the biggest winner in partial results from the first voting this week in Egypt's landmark election, in which voters turned out in unexpected droves. (AP Photo/Bernat Armangue)

T-shirts for sale are displayed in Tahrir Square, Cairo, Egypt, Thursday, Dec. 1, 2011. Judges overseeing the vote count in Egypt's first parliamentary elections since Hosni Mubarak's ouster say near-final results show Islamist parities taking a majority of seats contested in the first round. The Arabic writing on T-shirts read, "Jan. 25, Revolution, freedom." (AP Photo/Bernat Armangue)

An Egyptian tobacco vendor waits for customers in the al-Azhar quarter in Cairo, Egypt, Thursday, Dec. 1, 2011. The fundamentalist Brotherhood is emerging as the biggest winner in partial results from the first voting this week in Egypt's landmark election, in which voters turned out in unexpected droves. (AP Photo/Bernat Armangue)

Egyptians drink coffee and smoke water pipes in the al-Azhar quarter in Cairo, Egypt, Thursday, Dec. 1, 2011. The fundamentalist Brotherhood is emerging as the biggest winner in partial results from the first voting this week in Egypt's landmark election, in which voters turned out in unexpected droves. (AP Photo/Bernat Armangue)

(AP) ? Egypt's ultraconservative Islamist party plans to push for a stricter religious code in Egypt after claiming surprisingly strong gains in the first round of parliamentary elections, a spokesman said Friday.

Final results are to be announced later on the day, but preliminary counts have been leaked by judges and individual political groups.

Islamists led by the Muslim Brotherhood and radical Salafists appear to have taken a strong majority of seats in the first round of Egypt's first parliamentary vote since Hosni Mubarak's ouster, a trend that if confirmed would give the religious parties a popular mandate in the struggle to win control from the ruling military and ultimately reshape a key U.S. ally.

Spokesman Yousseri Hamad says the Salafi Nour party expects to get 30 percent of the vote. Their party appeared to lead the polls in the Nile Delta province of Kafr el-Sheik, in the rural area of Fayoum, which is known for high rates of illiteracy and poverty, and in parts of their longtime stronghold of Alexandria.

Hamad also said the party faced its toughest challenge in Cairo because of the small presence of Salafi supporters there.

The strong showing would put them in a strong position to influence policy, although it's unclear how much power the new parliament will have with the ruling generals still in power.

Hamad said that his party is willing to cooperate with the rest of secular, liberal and Islamist forces, "if it will serve the interest of the nation."

This week's vote, held in nine provinces, will determine about 30 percent of the 498 seats in the People's Assembly, parliament's lower house. Two more rounds, ending in January, will cover Egypt's other 18 provinces.

The new parliament, in theory, is tasked to select 100-member panel to draft Egypt's new constitution.

The Nour Party is the main political arm of the hard-line Salafi movement, which unlike the more moderate Muslim Brotherhood is a new player on Egypt's political scene.

Inspired by the Saudi-style Wahhabi school of thought, Salafists have long shunned the concept of democracy, saying it allows man's law to override God's. But they formed parties and entered politics after Hosni Mubarak's ouster to position themselves to make sure Sharia law is an integral part of Egypt's new constitution.

Salafi groups speak confidently about their ambition to turn Egypt into a state where personal freedoms, including freedom of speech, women's dress and art are constrained by Islamic sharia codes.

"In the land of Islam, I can't let people decide what is permissible or what is prohibited. It's God who gives the answers as to what is right and what is wrong," Hamad said. "If God tells me you can drink whatever you want except for alcohol, you don't leave the million things permitted and ask about the prohibited."

The showing in Egypt ? long considered a linchpin of regional stability ? would be the clearest signal yet that parties and candidates connected to political Islam will emerge as the main beneficiaries of this year's Arab Spring uprisings.

Tunisia and Morocco have both elected Islamist majorities to parliament, and while Libya has yet to announce dates for its first elections, Islamist groups have emerged as a strong force there since rebels overthrew Moammar Gadhafi in August. They also play a strong opposition role in Yemen.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2011-12-02-ML-Egypt/id-e86c7c181c6b4497a87c73f5ab3ce2ec

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How the major stock indexes fared on Friday (AP)

The best week for the stock market in more than two years ended with major indexes nearly unchanged Friday. A surprise drop in the U.S. unemployment rate sent stocks higher in early trading, but the gains fizzled throughout the afternoon. European stock indexes and the euro rose after German Chancellor Angela Merkel made a speech pushing for tighter rules on government spending.

The Dow ended the week up 7 percent, the largest weekly gain since July 2009.

The Dow Jones industrial average fell 0.61, or less than 0.1 percent, to close at 12,019.42.

The S&P 500 index slipped 0.31, less than 0.1 percent, to 1,244.28.

The Nasdaq composite index rose 0.73, less than 0.1 percent, to 2,626.93

For the week to date:

The Dow Jones industrial average is up 787.64 points, or 7 percent.

The Standard & Poor's 500 index is up 85.61, or 7.4 percent.

The Nasdaq composite index is up 185.42, or 7.6 percent.

For the year to date:

The Dow is up 441.91 points, or 3.8 percent.

The S&P 500 is down 13.36, or 1.1 percent.

The Nasdaq is down 25.94, or 1 percent.

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/ap/20111202/ap_on_bi_ge/us_wall_street_box

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Saturday, December 3, 2011

Sprint pledges support to Clearwire (AP)

NEW YORK ? Sprint Nextel Corp. is mending fences with independent subsidiary Clearwire Corp., pledging Thursday to use the data network Clearwire is planning to build and to participate if the company raises more capital.

The announcement is a lifeline for Clearwire, which is struggling financially. It's using a network technology called WiMax that has been bypassed by all phone companies except Sprint, and lacks the funding to upgrade to the industry's standard technology.

Clearwire shares climbed 43 cents, or 24.2 percent, to $2.21 in midday trading. The stock has been very volatile this year, as investors have followed the blow-by-blow of Clearwire's tempestuous relationship with Sprint.

Overland Park, Kan.-based Sprint owns 54 percent of Kirkland, Wash.-based Clearwire, but doesn't have voting control. Sprint now resells access to Clearwire's WiMax network as "Sprint 4G."

Two months ago, Sprint made clear that it had no plans to keep selling WiMax-compatible devices after the end of next year, and it said nothing about using the new network Clearwire is planning. That sent Clearwire shares crashing.

On Thursday, Sprint said it will collaborate with Clearwire Corp. on building the new network and expects to sell phones that can use it, starting in 2013. It will pay up to $350 million in advance for network capacity if Clearwire meets certain buildout goals.

Clearwire will still need more funding for the network. Sprint said it would participate in a share offering, buying shares worth up to $347 million to maintain its stake in the company.

Also Thursday, Clearwire said it's made $237 million in interest payments that were due Thursday on its debt. The Wall Street Journal had reported two weeks ago that the company was considering whether to delay the payments.

Sprint also said it's paying Clearwire $926 million for unlimited use of its WiMax network in 2012 and 2013, and intends to establish a usage-based contract for 2014 and beyond.

Sprint is upgrading its own network to use the same technology Clearwire is planning to use, dubbed LTE, for Long-Term Evolution. It has also struck a deal to collaborate with privately funded startup LightSquared on its LTE network. That network, however, is being held up by concerns that it will interfere with GPS navigation devices.

Given that Sprint is building its own network, analysts believe it will minimize Clearwire's role over time, despite Thursday's announcement. That leaves "Clearwire's strategic role in doubt long-term," said Michael Nelson at Mizuho Securities.

Sprint shares fell 1 cent to $2.69 in morning trading.

Source: http://us.rd.yahoo.com/dailynews/rss/tech/*http%3A//news.yahoo.com/s/ap/20111201/ap_on_hi_te/us_sprint_clearwire

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Friday, December 2, 2011

China drift toward more state control "troubling": U.S. (Reuters)

WASHINGTON (Reuters) ? The United States on Wednesday criticized China for backing away from free market reforms and moving toward more state control of its economy as Beijing approaches the tenth anniversary of its entry into the World Trade Organization.

"China seems to be embracing state capitalism more strongly each year, rather than continuing to move toward the economic reform goals that originally drove its pursuit of WTO membership," U.S. Ambassador to the WTO Michael Punke said in remarks delivered in Geneva and made available in Washington.

"This is a troubling development, and the United States urges the Chinese government to reconsider the path it is on," Punke said.

His comments were part of a tenth and final review of how well China has honored commitments it made to join the WTO, which became official on December 11, 2001.

They follow recent testy exchanges, with President Barack Obama bluntly urging China to act more like a "grown up" economy and Beijing pledging to fight what it sees as U.S. protectionism in the green sector.

China's Defense Ministry on Wednesday also criticized the United States and Australia for upgrading their military ties, warning such steps could undermine trust and reflected Cold War thinking.

In the 10 years since joining the WTO, China has surpassed Japan to become the world's second largest economy after the United States. Its growth has presented a challenge to U.S. global leadership, already tarnished by an unpopular war in Iraq and burdened by a mountain of government debt.

Punke acknowledged that "China took impressive steps" during the first five years after joining the WTO to bring its laws and regulations into line with global rules and that led to a dramatic expansion in trade with the rest of the world.

But "the overall picture presented by China's first 10 years of WTO membership remains complex, given a troubling trend in China toward intensified state intervention in the Chinese economy over the last five years," Punke said.

"Increasingly, trade frictions with China can be traced to China's pursuit of industrial policies that rely on trade-distorting government actions to promote or protect China's state-owned enterprises and domestic industries," he added.

China's ineffective enforcement of intellectual property rights and selective use of border measures to encourage or discourage exports continue to raise concerns among many of its trade partners, as do policies that prevent U.S. manufacturers, farmers and service companies from doing more business there, Punke said.

He noted the United States has already brought 12 cases against China at WTO for what it believed were rule violations and has won on many of the complaints.

Punke also highlighted what he called China's apparent habit of retaliating against "legitimate actions taken by the United States or other trading partners under their trade remedies laws."

"This type of conduct is at odds with fundamental principles of the WTO's rules-based system," Punke said.

He did not give an example, but Beijing has responded to an unfair trade complaint brought by U.S. solar panel producers against China by initiating its own probe into U.S. government policy and subsidy support for renewable energy.

In a separate speech at the U.S. Chamber of Commerce, U.S. Trade Representative Ron Kirk said the United States would continue to press China to honor its WTO commitments, but did not signal any new specific new case on the horizon.

"We very much welcome China's economic growth, especially right now. The world very much welcomes a healthy China, a healthy Brazil but we just want to make sure that our producers have far access to their markets," Kirk said.

(Reporting by Doug Palmer, editing by Anthony Boadle)

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/nm/20111130/pl_nm/us_usa_china_trade

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Monday, November 28, 2011

Airlines cut small jets as fuel prices soar (AP)

MINNEAPOLIS ? The little planes that connect America's small cities to the rest of the world are slowly being phased out.

Airlines are getting rid of these planes ? their least-efficient ? in response to the high cost of fuel. Delta, United Continental, and other big airlines are expected to park, scrap or sell hundreds of jets with 50 seats or fewer in coming years. Small propeller planes are meeting the same fate.

The loss of those planes is leaving some little cities with fewer flights or no flights at all.

The Airports Council International says 27 small airports in the continental U.S., including St. Cloud, Minn., and Oxnard, Calif., have lost service from well-known commercial airlines over the last two years. More shutdowns are planned.

Travelers in cities that have lost service now must drive or take buses to larger airports. That adds time and stress to travel. St. Cloud lost air service at the end of 2009 after Delta eliminated flights on 34-seat turboprops. Now, passengers from the city of 66,000 have a 90-minute drive to the Minneapolis airport 65 miles to the southeast.

Roger Geraets, who works for an online education company based near St. Cloud., flies at least twice a month from Minneapolis. He used to connect from St. Cloud. Now he drives, leaving an extra half hour for bad traffic. There are other headaches. Parking at St. Cloud was free, but in Minneapolis it costs $14 per day. And getting through airport security in Minneapolis takes longer.

Another city without service is Oxnard, 60 miles northwest of Los Angeles, which lost three daily turboprop flights operated on behalf of United. The airport's website advises travelers to catch a bus to Los Angeles International Airport.

Atilla Taluy, a tax preparer who lives in Oxnard, ends up driving or taking the shuttle to Los Angeles. "In morning traffic, it becomes quite a burdensome trip," he says.

Pierre, S.D., will lose Delta flights to Minneapolis in mid-January. Pierre officials are waiting to find out whether those flights will be replaced or whether the city will be left with only Great Lakes Airlines flights to Denver. The Denver flights add almost 600 miles in the wrong direction for people who want to fly from South Dakota's capital to Washington, D.C.

"I don't know if they really care about (passengers) in the small markets," says Rick Steece, a consultant for the Centers for Disease Control who travels overseas from Pierre two to three times a year.

In the late 1990s, when jet fuel cost one-fourth of today's prices, the small jets and turboprops were a profitable way for airlines to connect people in small cities to the rest in the world. The flights attracted business travelers who tended to pay more for tickets.

Airlines loved the planes. Bombardier and Embraer sold more than 1,900 50-seat jets during the late 1990s and early 2000s.

"We all got carried away with it," says Glen W. Hauenstein, Delta's executive vice president for network planning, revenue management and marketing.

Then jet fuel prices soared. They're at $3.16 per gallon today, up from 78 cents in 2000. That's changed the economics of small planes.

For airlines, it all comes down to spreading fuel costs among passengers. A Delta 50-seat CRJ-200 made by Bombardier takes 19 gallons of fuel to fly each passenger 500 miles. Fuel usage drops to just 7.5 gallons per passenger on Delta's 160-seat MD-90s over the same distance.

So while the bigger jet burns more fuel overall, it's more efficient.

Delta is moving away from small jets more aggressively than other airlines. It will eliminate 121 50-seat jets from October 2008 through the end of next year. That will leave it with 324.

Lynchburg, Va., lost Delta's three daily flights on 50-seat jets earlier this year, although US Airways still flies similar jets there.

Airport manager Mark Courtney says Delta also served nearby Roanoke and Charlottesville, Va., each about 60 miles away, so it may have figured its Lynchburg customers will drive to those cities to catch a flight.

Lynchburg is the home of the 2,000 workers for French nuclear services company Areva, and its largest international destination had been Paris by way of Delta's Atlanta hub, Courtney says.

Some Delta routes served by 50-seaters are getting bigger planes instead. Delta's Atlanta-Des Moines flights are on larger MD-88s, which seat 142, and it has shifted the mix toward larger planes between Atlanta and Birmingham, Ala., Nashville, and Savannah, Ga., too.

United Continental Holdings Inc. still has 354 50-seat jets. But that number is expected to shrink, said Greg Hart, the airline's senior vice president of network.

Continental's effort to get rid of its 37-seat planes shows how eager airlines are to quit flying them. It has 30 of the jets under lease, some until 2018. Twenty-five are grounded. The rest are subleased for $6 million less than Continental is paying for them.

American Eagle, which feeds traffic to its corporate sibling American Airlines, owns 39 of the same 37-seaters . But 17 of them were parked as of the end of last year. Parent company AMR Corp. had been trying to sell some of those planes in 2009 but couldn't get any buyers.

Many travelers won't miss the small jets.

One of them, Tony Diaz, is a technology support manager from Dallas. He was changing planes in Minneapolis on his way to Moline, Ill. The second leg was a small Delta jet.

"The larger planes are definitely better to ride in," he said, glancing down at his larger-than-average frame.

There's still a market for larger jets, which allow airlines to spread out fuel costs.

Nearly all so-called regional jets sold between 2010 and 2019 are expected to have 51 seats or more ? with the biggest category being jets with 76 to 130 seats, according to Forecast International.

"More of those are going to see the skies," said aviation consultant Mike Boyd. But those aluminum-skinned 50-seaters will be scrapped for parts. "They're on their way to the Budweiser display."

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111126/ap_on_re_us/us_airlines_fewer_small_planes

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Video: NRF Speaks on Black Friday Promotions

Matthew Shay, National Retail Federation, discusses the availability of credit among shoppers and how that will translate to the retail sector this Black Friday.

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Business & financial news headlines from msnbc.com

Source: http://video.msnbc.msn.com/cnbc/45436497/

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