technology communication: October 2012

Wednesday, October 31, 2012

Devin Wolf, CFP - Financial Plan, Inc. | Featured on MO.com

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Devin Wolf, CFP? leads the 401(k) branch at Financial Plan, Inc. and is a wealth manager responsible for delivering comprehensive financial solutions to high net worth clientele. His background as a professional engineer gives him a unique understanding of the construction industry and has led to a niche advising contractors, engineers, and architects.

Financial Plan, Inc. is a fee-only Registered Investment Advisor located in Bellingham, WA. All of their financial planners hold the CFP? professional designation and specialize in a variety of wealth management services including: Asset Management, Risk Management, Retirement Planning, Tax Planning, and Estate Planning. As elite Financial Advisors, they focus on building comprehensive, objective financial plans tailored to the unique financial situations of their clients.

MO: Why are you so passionate about helping small business owners navigate the complex world of wealth management?

Devin: The opportunities for business owners to reap rewards through custom financial solutions are unrivaled. I love the challenge of helping them succeed. By delving deeply into the unique needs of their business, I can tailor my advice to their situation. With a little outside of the box thinking strategies can be developed to capitalize on the unique situations. Business owners typically follow a unique life cycle that starts in ?survival mode? where all their resources are dedicated to building the business. Once the business becomes more established, it is critical they build a plan that identifies how to efficiently accomplish both business and personal financial goals. Business owners are used to relying on themselves for generating wealth, so I coach them on how financial markets are different and how to get the most bang for their buck by focusing on items that are within our control.

MO: Can you expand how you and your team recently made the transition to become a completely independent RIA and fee-only advisers and what influenced this decision?

Devin: We believe every decision we make as a business needs to be driven by what is best for our clients. We have always operated with a client driven focus, so we decided to formalize the commitment by becoming an independent RIA and fee-only advisors. This gives our clients the comfort that we are operating under the fiduciary standard and don?t accept commissions. I often meet with clients that only tell their current advisor about a portion of their finances out of fear they will be sold a commissionable product. The knowledge that I am required to do what is in their best interest (fiduciary standard) and that they are paying me only for advice, not products, enables us to build the trust required for developing a comprehensive financial plan. Having the freedom to provide clients with completely objective financial advice that always keeps their best interest in mind is one of the most valuable services we can offer.

MO: How did you go from being an engineer to a financial planner? What did your turning point look like?

Devin: I have always been a finance nut. I began investing when I was 10 years old and since then have read hundreds of finance books and spent countless hours studying planning and investing as my hobby. When I initially examined the financial industry, the entry point looked a lot more like being a salesman, so I decided to pursue engineering (another interest of mine.) At my engineering firm I became a fiduciary of the 401(k) plan which included making decisions for the plan and educating participants. I had a number of people bouncing financial questions off me, and the turning point came when one of my colleagues suggested I moonlight as a financial planner. The comment made me realize if people are willing to be sold products with little to no planning advice, building a practice based on holistic planning and objective advice should be a no-brainer.

MO: What are your top tips or recommendations when it comes to choosing a 401(k) plan? What are the most common issues you see people having and how can they be avoided?

Devin: The most important element is properly designing the plan to accomplish your goals. Rather than implementing a cookie cutter plan, there can be huge tax saving potential to the company and/or owners by tying the plan to your goals. Another common mistake for small businesses is not understanding the liability associated with 401(k) plans. As the business owner you are typically a fiduciary of the plan, which means you have personal liability for the plan. For more information on how to avoid these problems go to the 401(k) section of my website http://www.financialplaninc.com/401k.

MO: What advice would you give an investor looking for innovative investments with high returns while limiting potential risk?

Devin: I would advise anyone who finds an investment that looks like it will have high returns and limited risk to be very skeptical. If something looks too good to be true, it typically is. Entrepreneurs can often generate high returns by investing in themselves. By being experts in their field, they should also have a better understanding of the risks involved. However, they need to understand that by having their human capital (earning potential) and investments associated with one company, they are exposing themselves to greater and risk and need to develop a plan that accounts for these risks. At the end of the day you will be much better served by building a comprehensive financial plan designed to meet your goals, rather than trying to pick the next great or innovative investment.

MO: Can you share with our readers why you?re so excited about your new 401(k) branch of business?

Devin: What excites me most about our 401(k) branch is the fact that our entire process is designed to benefit the client-company and its employees rather than the big financial institutions. Typically advisors only work with one 401(k) platform, so companies are stuck with the platform their advisor uses or vice versa. We help the company pick the third party vendors that are right for them. We also will take liability for the investment management which is a huge problem in the industry. Most advisors won?t sign on as an ERISA 3(38) fiduciary to the plan, opting instead to simply offer investment choices and leave it up to the company to pick their investments and carry the liability associated with managing those investments. When I hire someone to do a job I expect them to stand behind their work, so why should hiring an advisor to your 401(k) plan be any different?

Source: http://www.mo.com/Devin-Wolf-Financial-Plan-Inc

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Wednesday, October 24, 2012

Michelle Malkin ? Business owners stand up to Obama

In USA Today yesterday, a group of American entrepreneurs and business leaders spoke out in a full-page, open letter to President Obama and to their fellow citizens.

The full text is reprinted below. The signatories are here. As Mitt Romney has told voters repeatedly during the debates and on the campaign trail, we don?t have to settle. Do the right thing!

In a campaign season marked by new lows in polarizing rhetoric, some of the most divisive has originated from the President and his allies ? and has been aimed at successful people in the business sector.

These attacks are not getting us anywhere. They are really just political tricks to distract from the President?s own policy failures.

Consider for instance what the President hasn?t said. He has no solution for the staggering $16 trillion debt the nation carries ? a burden his policies increase minute by minute. He won?t explain why the stimulus spending hasn?t produced the jobs recovery he predicted. His party has failed to produce a budget in nearly four years. He has no answer for investors who need fiscal stability before they can put money at risk.

Instead, his Administration has increased regulations on virtually every sector of the economy while the President maligns business achievement in his campaign stump speeches.

American free enterprise is not the problem. Free enterprise is the essence of opportunity. It employs tens of millions, generates tax revenue, and pays healthcare benefits for millions of families. It is the engine that drives new industries, products, services, and innovation.

So when the President and his aides pit Americans against one another, it is not only misguided, it is irresponsible. Americans deserve solutions, not political ploys.

Fair-minded people can differ on those solutions. But the President seems oblivious to the fact that dynamic, productive job growth comes not from government spending, but from the private sector.

How do we know? Our entire careers have been dedicated to growing businesses and creating jobs. That entrepreneurial spirit is where America?s real strength is found. The solution must come from encouraging individual initiative and rewarding innovation. It?s about teaching someone to fish, not giving fish away by the billions as this Administration thinks.

Before you vote on Election Day, think carefully about what kind of country we are creating for ourselves and coming generations. Will it be a country that demeans job-creating business owners by saying, ?You didn?t build that??

Or will it be a country that protects free enterprise and allows everyone to pursue their highest aspirations?

~ For the latest breaking news, be sure to join Michelle's e-mail list ~

Source: http://michellemalkin.com/2012/10/23/business-owners-stand-up-to-obama/

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Tale of the Tape

Darrell Issa holding forth at his Oct. 10 hearing on the Benghazi attack.

Photo by Brendan Hoffman/Getty Images

Tonight, Barack Obama and Mitt Romney will debate foreign policy. They?ll argue about last month?s fatal assault on the U.S. consulate in Benghazi, Libya. They?ll pretend to have figured out the world. And most of us, committed to one guy or the other, will play along.

We?re kidding ourselves. The Benghazi attack should humble us. Not just because our ambassador and three aides were killed, but because all of us?even those who thought they were uncovering the truth behind a lie?were wrong about what happened.

In the days after the assault, spokesmen for the Obama administration linked it to an anti-Muslim video that had triggered riots around the world. Republicans accused the administration of drawing this conclusion because it suited Obama?s worldview. It reduced the attack to a matter of diplomacy and, in Romney?s words, ?apologizing.? Liberals had rushed to believe what they wanted to believe.

As early accounts of a protest at the consulate collapsed, Republicans substituted their own story. The video, they explained, was irrelevant. Instead, the attack had been plotted by allies of al-Qaida to coincide with the anniversary of 9/11. This story, too, suited the worldview of its advocates. It reduced the Benghazi incident to a matter of security, warfare, and refusing to apologize. And, like the protest story, it has unraveled.

The intelligence from Libya was confused all along. The attack took place in the midst of uprisings against the video across the Muslim world, aimed particularly at U.S. embassies. The rage, though real, was ignited and stoked by anti-American extremists. That?s how it often is with mob violence: One man?s motivation is another man?s pretext. In Benghazi, witnesses saw attackers and onlookers. The problem was figuring out the relationship between them. The CIA?s initial assessments suggested a hybrid scenario: a protest ?spontaneously inspired by the protests at the U.S. Embassy in Cairo" that "evolved into a direct assault" by extremists.

If you look back at the administration?s early statements, you?ll see signs of this uncertainty. Spokesmen talked about the video in the context of the Muslim riots generally. On Sept. 14, ABC?s Jake Tapper asked White House Press Secretary Jay Carney whether this was true in Benghazi. ?We certainly don't know,? said Carney. In her now-infamous tour of the Sunday talk shows on Sept. 16, U.N. Ambassador Susan Rice parroted CIA assessments, asserting that a protest at the consulate ?seems to have been hijacked? by ?extremists who came with heavier weapons.? On Sept. 18, Carney repeated that the video had ?caused the unrest in Cairo? and ?precipitated some of the unrest in Benghazi.? But he added, ?What other factors were involved is a matter of investigation." On Sept. 20, Obama said protests over the video ?were used as an excuse by extremists to see if they can also directly harm U.S. interests."

On Sept. 26, Libya?s president, Mohammed Magarief, told NBC News that the video ?has nothing to do with this attack.? But he offered no evidence other than the sophistication of the weapons and tactics. A week later, a former intelligence chief for the Libyan rebels echoed Magarief?s assertion, but again added no evidence.

The Obama administration?s story began to shift during a State Department conference call on Oct. 9, when a reporter asked what had ?led officials to believe for the first several days that this was prompted by protests against the video.? A department official replied, ?That was not our conclusion.? This was a renunciation of the protest story, not the video?s relevance. But nobody noticed. The right-wing mediasphere erupted with cries of vindication that the video had ?nothing to do? with the attack. The next day, Rep. Darrell Issa, chairman of the House Oversight and Government Reform Committee, opened a hearing on the controversy by falsely claiming the State Department had denied that ?this assault was part of a reaction to a video or the like.? Issa offered his own single-cause theory: ?In fact, it was September 11^th ? It was that anniversary that caused an organization aligned with al-Qaida to attack and kill our personnel.?

Issa?s theory became Republican gospel. On Oct. 14, Sen. Lindsey Graham, a leading Republican voice on foreign policy, said ?the video had nothing to do with? the attack. On Oct. 18, Charles Krauthammer wrote: ?The video? A complete irrelevance. It was a coordinated, sophisticated terror attack, encouraged, if anything, by Osama bin Laden?s successor, giving orders from Pakistan to avenge the death of a Libyan jihadist.? Yesterday on Fox News Sunday, Bill Kristol said ?no one is quarreling? with the ?fact? that ?the video had nothing to do with it.?

Indeed, that?s what the Washington press corps was reporting. On Oct. 10, Tapper, citing the State Department conference call, said the video ?apparently had absolutely nothing to do with the attack.? On Oct. 13, the New York Daily News reported that the department had said the ?attack had nothing to do with the film.? On Oct. 14, the New York Post said ?even the White House now admits? the video ?had nothing to do with? the attack. Bob Woodward declared on Fox News that ?We now know [the video] had virtually nothing to do with what happened in Benghazi.? Glenn Kessler, the Washington Post?s fact-checking referee, said the attack ?appears unrelated to initial reports of anger at a video.? And a day after moderating the second Obama-Romney debate, CNN?s Candy Crowley said the administration had conceded that the attack ?didn?t have anything to do with the tape.?

Source: http://feeds.slate.com/click.phdo?i=fc2dbd2e5d92bfe2a7a7655f8ab3cc38

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?DWTS? Melissa Rycroft Rushed To Hospital, Competes Monday Night

Dancing with the Stars fans are still awaiting word on the health and welfare of dancing beauty Melissa Rycroft.? The 29-year old former Dallas Cowboy?s Cheerleader sustained injuries to her head and neck this past Sunday when she was training with her partner Tony Dovolani. The incident occurred while Rycroft was completing camera blocking for the Monday night?s episode, according to People Magazine. She was reportedly rushed to the hospital following the incident. Rycroft?s rep has since told the news outlet, “Melissa was taken by ambulance to a local hospital where she is currently being examined.? She was accompanied to the hospital by her husband, Tye Strickland, and her dance partner, Tony Dovolani.?? Adding “Everyone is taking all necessary precautions at this time.” Sunday evening, the young star?s partner, Tony Dovolano, sent out tweets of concern over his injured partner.? “Really concerned about @MelissaRycroft.? We don’t know if we are dancing tomorrow !!!!! Please keep us in your prayers.” Before getting hurt Rycroft tweeted about the demands of training but appeared upbeat over the challenge.?? ?Been a long (and tough week) of Tango?but back to attack again today. Sometimes nothing motivates you like frustration?!? Melissa Rycroft has since been released [...]

Source: http://feedproxy.google.com/~r/RightCelebrity/~3/9BQotujz0Z8/

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Tuesday, October 23, 2012

China's Ferrari Crash

By?JEREMY PAGE

BEIJING?As a Chinese court prepares to expose the alleged crimes of former Communist Party highflier Bo Xilai, censors and security officials have been trying to bury a separate scandal that has emboldened critics of President Hu Jintao and could complicate efforts to restore the party's tarnished image.

Details are emerging about the fatal crash in Beijing of a Ferrari driven by the son of a Communist Party official. The WSJ's Jeremy Page reports on how the accident could shed light on another scandal the Communist Party is facing today. Photo: Beijing Evening News

Just three days after Mr. Bo was fired as party chief of Chongqing in March, the 23-year-old son of President Hu's closest confidant crashed a black Ferrari at 4 a.m. on a snow-slickened Beijing ring road.

Ling Gu died on the spot, according to party insiders, Chinese reporters and others whose accounts offer new insights into the hushed-up incident. Two ethnic Tibetan women squeezed into the vehicle were badly hurt, and one later died.

All details of the crash, including the name of the driver, were quickly suppressed. Ling Jihua, the father and Chinese official who is close to President Hu, was spared public censure over the lifestyle of his son. Instead, he was quietly transferred months later to a less powerful, but still important, party post.

Color China Photos / Zuma Press

Ling Jihua, right, at a National People's Congress session in 2008, has been a close ally of President Hu Jintao. He was demoted in the wake of his son's death in a fiery predawn crash in a Ferrari on March 18.

The difference in how the party handled the Bo and Ling matters speaks volumes about the challenge it faces as it tries to conclude its most destabilizing political crisis in decades ahead of a sweeping leadership change beginning at the 18th Party Congress, which starts Nov. 8.

The leadership has tried to portray Mr. Bo?now accused of offenses including bribe-taking, sexual impropriety and abuse of power in a murder investigation of his wife?as an anomaly. Broader-than-expected allegations announced last month appeared designed to restore the party's damaged credibility in the eyes of a public grown increasingly angry over the issues of official abuse that Mr. Bo embodies. Mr. Bo has disappeared from public view and is believed to be in detention pending his trial.

Beijing Evening News

Coverage of the crash in the Beijing Evening News showed the destroyed car.

But the Ferrari crash and its aftermath encapsulate some of the same issues, such as children of the elite enjoying expensive luxuries?demonstrating how limited the party's taste is for policing its own upper ranks except when politically expedient.

The contrasting fates of Mr. Bo and Ling Jihua also reflect feuding and deal-making behind the scenes as outgoing leaders and former ones have tried to elevate prot?g?s to conserve their interests and political influence.

Within hours of the early-morning Ferrari crash March 18, Chinese social media buzzed with talk that the driver was a senior leader's son and with questions of how he could afford such a car. Worse, rumors spread that those in the car had been naked or half-naked.

Political Downfall in China

High-ranking Communist Party leaders ousted in recent years.

The crash and the cover-up added to a sense of public disquiet surrounding the downfall of Mr. Bo, who had a base of support within the military and security forces. Over the next two days, Twitter-like sites noted abnormal activities by security forces in Beijing. Some users circulated unsubstantiated rumors of a military coup attempt.

But even as the Bo scandal played out in public, the party suppressed all information surrounding the crashed car's driver, whose father, as head of the party's powerful General Office, supervised top leaders' scheduling, document flow and security.

Emergency workers and reporters were silenced. News of the crash and the driver's identity were scrubbed from the Internet. The badly hurt surviving passenger went into hiding. And at Peking University, classmates of Ling Gu, who was enrolled there under the alias Wang Ziyun, were told he had "gone overseas."

"We didn't believe that," said one classmate. "We knew something serious had happened. He couldn't have just disappeared."

Party insiders and Chinese reporters familiar with the matter said that the father, Ling Jihua, tried to cover up the crash with the help of the Central Guard Bureau, an agency his General Office oversaw.

"He was criticized for that?it should have been a police matter," said a person with connections in the Central Guard Bureau, an office responsible for the security of top leaders.

The only official sign of Ling Jihua's personal and political ordeal came almost six months later when it was announced, without explanation, that he had been shifted to a lesser job heading the United Front Work Department, in which he handles ties with nonparty entities.

Ling Jihua, like Mr. Bo, had previously been considered a front-runner for promotion in this fall's once-a-decade party leadership change.

"This was damaging not just for Ling but for Hu Jintao as well, because they are known to be so close," said a Chinese academic who advises and meets regularly with party leaders. "It complicated the discussions over Bo and the new leadership."

The dead youth, Ling Gu, graduated from Peking University's School of International Studies last year and enrolled at the university's Graduate School of Education, according to fellow students. He kept a relatively low profile at first, telling only a few of his background, though classmates soon realized he came from privilege.

He wore designer clothes, lived in a private residence rather than the dormitory, and often arrived late at classes or left early, students say.

He once boasted he had substantial income from an investment fund run by a friend of his father's, according to a person familiar with the conversation.

Bo Xilai: A WSJ Documentary

The fall of Bo Xilai, once a rising star in Chinese politics, has plunged the country into its biggest crisis since Tiananmen Square. In this documentary, The Wall Street Journal examines how his downfall has altered the debate about China's future.

"He was not a playboy. He was a good guy. But he did seem to have money and a lot of elite friends," one classmate said.

Several of his friends thought it was unlikely Ling Gu or his parents owned the Ferrari he crashed. But he had been seen driving a BMW and was known to have several friends from powerful business and political families who drove fast, expensive cars. Such families' children, known in Chinese as "fuerdai," or "second-generation rich," often lend each other luxury cars or borrow them from dealerships, said people with friends in that circle.

Ling Gu started a club at the university loosely modeled on Skull and Bones, the Yale secret society, say students who recall him discussing it. He invited other well-connected students or ones with top grades to join, but, knowing that Chinese authorities didn't tolerate secret societies, he gave the club an official-sounding name: the Strategic and International Studies Council.

Next in Line

After other trials, Bo is up

Associated Press

Bo Xilai?The former party chief in Chongqing was suspended from Party posts and placed under investigation for unspecified "serious disciplinary violations" on April 10. Eexpelled from the party on Sept. 28 and accused of wrongdoing involving bribes, power abuse and improper sexual relations with multiple women.

CCTV/Reuters

Zhang Xiaojun?The Bo family aide was convicted on Aug. 20 of murdering Briton Neil Heywood and sentenced to nine years in prison.

Associated Press

Wang Lijun?The former Chongqing police chief was convicted and sentenced to 15 years in prison on Sept. 24 for defection, bribery, abuse of power and "bending the law for selfish ends."

Reuters

Gu Kailai?Bo's wife on Aug. 20 was convicted of Heywood's murder and given a death sentence with a two-year reprieve (typically commuted to life imprisonment).

Classmates are unsure who the women in the Ferrari might have been. They said Mr. Ling had dated two women but neither was Tibetan.

A friend of the woman who survived the crash said she is in her 20s and is the daughter of a Tibetan government official. The friend quoted the survivor as saying she had met Mr. Ling before the night of the crash but didn't know him well, and knew him only by his adopted surname of Wang. She recalled him saying he was in the investment business.

The woman who died was described as closer to Mr. Ling. Severely burned, she died in July or August, according to the friend of the survivor.

The survivor needed at least one operation to stop internal bleeding, according to the friend. Initially, "they told us?she might not survive," the friend said.

According to the friend, the injured woman said the cause was simply driving too fast in slick conditions. It had started to snow.

The friend was too embarrassed to ask the survivor about the reports of nudity but doubted their veracity, describing the injured woman as "not a play-around type person."

Police and firefighters who responded at first struggled to identify Mr. Ling because he had a fake name on his license, said party insiders and Chinese reporters familiar with the matter.

Behind closed doors, insiders say, the incident soon played into the intense debate about the coming party leadership change and what to do about Mr. Bo. It was just weeks after Mr. Bo's former police chief had fled to a U.S. consulate with a tale of the murder of a British businessman by Mr. Bo's wife, a crime for which she would later be convicted.

Within the Communist Party, Mr. Bo had been allied with a faction centered on former Chinese president and party chief Jiang Zemin, who insiders say has been trying to secure the promotion of prot?g?s to the new leadership.

The Chongqing Drama

See key dates in the death of Neil Heywood in Chongqing and the drama surrounding Bo Xilai.

Players in China's Leadership Purge

Read more about the players in the case.

Party insiders said a rival faction led by current President Hu and Premier Wen Jiabao, many of whose members rose through the Communist Youth League, pushed hard to strip Mr. Bo of all of his party posts.

But the crash in mid-March meant that a leading figure in Mr. Hu's faction now was embroiled in a scandal that left Ling Jihua open to criticism from other party leaders.

"Former Chinese President Jiang Zemin is probably the most immediate beneficiary," wrote Chris Johnson, a former Central Intelligence Agency China analyst now at the Center for Strategic & International Studies in Washington, in a blog post.

Mr. Jiang's "early support for Bo Xilai risked putting him on his back foot in the succession sweepstakes. But Jiang seems to have seized on the Ling affair to come roaring back," Mr. Johnson wrote.

Although the catalyst for Mr. Bo's downfall was the flight of his former police chief, Mr. Bo had also caused controversy with a Maoist revival movement and apparent tolerance for an expensive lifestyle by his son at Oxford and Harvard universities.

Ling Jihua is a far less controversial figure than Mr. Bo but is important because of his close tie to the president, Mr. Hu. Mr. Ling held positions in the Communist Youth League when Mr. Hu led that body in the 1980s, according to Alice Miller, an expert on Chinese politics at the Hoover Institution.

Mr. Ling moved to the General Office in 1995 and had the job of preparing reading materials for Mr. Hu, according to Bo Zhiyue, a China expert at the National University of Singapore.

Mr. Ling has since been considered the president's closest adviser and has often accompanied him abroad.

In 2007, Mr. Hu secured Mr. Ling's appointment as a full member of the Central Committee, the party's top 370 leaders, and as director of the General Office. Before the Ferrari crash, Mr. Hu was thought to be trying to engineer Mr. Ling's promotion to the Politburo, China's top 25 leaders. And Mr. Ling, 56 this month, was spoken of as one likely to move up to the Politburo's elite Standing Committee in 2017 or 2022.

He may still make it onto the Politburo this fall, but his chances of rising further have been diminished, say party insiders, diplomats and political analysts.

News of the early-morning Ferrari crash was first reported in a brief article later that day in the Beijing Evening News, which didn't name the victims. It showed a photo of the wrecked car, which had been split in two.

A fire-service official who wrote the article and took the photo thought at first it was a routine accident, but was later reprimanded and had his camera and computer confiscated by police, according to a person familiar with the matter.

A person at the Beijing Evening News said the paper had been ordered by the central propaganda department not to disseminate the photograph. The police, the fire service and several local hospitals all declined to comment.

The article was soon deleted from the Beijing Evening News website. As rumors began to spread online, searches for terms including "Ferrari" and "Ferrari crash" were blocked.

The next day, the Global Times newspaper, a nationalistic tabloid connected to the People's Daily, the main party mouthpiece, reported that almost all online information about the crash had been deleted overnight, "triggering suspicions as to the identity of the deceased driver."

That story, too, was soon blocked. The journalist who wrote it declined to comment.

?James T. Areddy contributed to this article.

Source: http://shaigarg.blogspot.com/2012/10/chinas-ferrari-crash.html

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Bollywood movie mogul Yash Chopra dies at 80

MUMBAI, India (AP) ? Bollywood movie mogul Yash Chopra, whose classic love tales made him the Indian film industry's "King of Romance," has died after contracting dengue fever. He was 80.

Chopra's earliest major hits included the 1975 action film "Deewar" ("Wall") and the romance "Kabhi Kabhie ? Love is Life" in 1976, both of which helped establish Amitabh Bachchan as Bollywood's biggest star. The popular 1989 film "Chandni" ("Moonlight") had Chopra's signature touches: romance, music and a European setting.

Bollywood celebrities, directors and hundreds of fans gathered at Chopra's house in south Mumbai to pay their condolences before the funeral to be held later Monday.

Bachchan posted a remembrance to his "friend first, a creative legend later" on his blog early Monday and recalled his 44-year association with Chopra.

"...all that shall remain will be that which he gave life to ? his creativity, his emotion, his poetry on film and above all his humanity," the entry said.

He also directed "Dil To Pagal Hai" (The Heart Is Mad), "Lamhe" ("Moments") and "Veer-Zaara," which won the popular award at the International Indian Film Academy and the Golden Lotus award at India's National Film Awards. His final film, "Jab Tak Hai Jaan" ("As Long As I Am Alive"), is scheduled for release across India next month.

Chopra died Sunday in Mumbai's Lilavati Hospital. In addition to dengue, he suffered kidney ailments, according to Dr. Prakash Jiyavani.

"He passed away due to dengue and multiple organ failure," the Press Trust of India quoted a hospital spokesman, Sudhir, as saying. The spokesman uses only one name.

Chopra started his film career in the 1950s under the tutelage of his elder brother, late filmmaker B.R. Chopra. He founded his own studio Yash Raj Films and launched it with "Daag: A Poem of Love" in 1973, which won him one of his four Filmfare Awards for best director.

Chopra's films of the 1980s were shot in what were exotic locales for millions of Indians who had few opportunities to travel abroad. Chopra had the main protagonists of his films traipsing through tulip fields in the Netherlands or singing and dancing near Switzerland's idyllic lakes.

A popular legend among film-goers in India was that Chopra had shot so often in Switzerland that one of the lakes had been renamed Chopra lake.

He is survived by his wife and two sons. Elder son Aditya Chopra is a successful film director, and Uday Chopra runs the international branch of the family's production house.

Source: http://news.yahoo.com/bollywood-movie-mogul-yash-chopra-dies-80-021224486.html

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Lohan avoids prosecution in alleged hit-and-run

By Josh Grossberg, E! Online

Lindsay Lohan can breathe a big sigh of relief. The troubled starlet will not face prosecution in New York for allegedly swiping?a bystander with her car in front of the Dream Hotel last month and then leaving the scene.

Michael Nelson / EPA

Sources confirm to E! News that there is no court date scheduled in the hit-and-run case after the Manhattan District Attorney's Office decided there was insufficient evidence, citing surveillance tape?of the incident that appeared to clear?Lohan of wrongdoing. And no charges were ever filed in the matter in the first place.

Lindsay Lohan arrested for leaving the scene of an accident in NYC

No doubt Lindsay could use a bit of good news given all the family drama she's endured lately.

On Saturday, Lohan received an unannounced visit from dad Michael Lohan, who told E! News he tried -- unsuccessfully -- to stage an intervention, worried that she'd fallen off the wagon. This after the 26-year-old actress spoke out against the elder Lohan, saying he "betrayed" her?after secretly recording her on the phone when she told him about a massive blowout?she had with mom Dina Lohan.

Regarding the intervention, Lindsay's rep Steve Honig said in a statement, "It's apparent Michael continues to be very focused on getting publicity for himself. Lindsay's team is in no way aligned with him or his actions."

Lindsay Lohan's alleged hit-and-run: Watch the surveillance tape

At least she's got one less legal headache to deal with -- though it's unclear if the alleged victim will file a civil suit.

A rep for Lohan was unavailable for comment. Insiders close to Lindsay, however, told TMZ?she's "ecstatic" about the case's dismissal and plans to sue the man for defamation.

Lindsay Lohan: Why's she smiling?

Related stories:

Lindsay Lohan's dad says he tried to surprise her with an intervention

More in TODAY Entertainment:

Source: http://todayentertainment.today.com/_news/2012/10/22/14620190-lindsay-lohan-avoids-prosecution-in-alleged-hit-and-run?lite

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Best bets: 'Cloud Atlas' floats on Oscar buzz

By Gael Fashingbauer Cooper, NBC News

There's one promising major movie coming out this week ("Cloud Atlas") plus a bunch of titles that look awful ("Fun Size," Chasing Mavericks," "Silent Hill" Revelation 3D"). So if "Cloud Atlas" and its complex storylines aren't your thing, you may want to check the new DVD titles, which include "Magic Mike" and "Abraham Lincoln, Vampire Hunter."

TUESDAY: 'Magic Mike' on DVD and Blu-ray
Girls' night in! If you missed "Magic Mike" in theaters, or if you just want to see?Channing Tatum, Alex Pettyfer, Matt Bomer, Joe Manganiello and Matthew McConaughey boogieing it up as male strippers once again, you can scoop it up on DVD or Blu-ray this week. The film was probably better than it needed to be for all the naked eye candy it offered up. It performed magic at the box office too, where it was such a big hit that a sequel is planned. Matthew McConaughey steals the show as Dallas, the older stripper who now owns the club at the heart of the film. (Out on DVD and Blu-ray Oct. 23.)

TUESDAY: 'Abraham Lincoln, Vampire Hunter'
Steven Spielberg's "Lincoln," a serious look at the beloved president, comes out in a month. You'll never confuse that film with "Abraham Lincoln Vampire Hunter," which came out earlier this year and is now on DVD and Blu-ray. In "Vampire Hunter," Lincoln learns at a young age that there's a whole supernatural world of bloodsuckers out there. By the time he's president, he's fighting two armies, the Confederates and the vamps. Critics gave it mixed reviews, but it's a fun night's rental. (Out on DVD and Blu-ray Oct. 23.)

FRIDAY: 'Cloud Atlas'
Do we start the Oscar buzz now? Tom Hanks and Halle Berry star in "Cloud Atlas," the new film based on David Mitchell's 2004 novel. It reportedly received a whopping 10-minute standing ovation when it premiered at the Toronto Film Festival. But the trailer doesn't make the movie's plot immediately clear. The film winds together numerous storylines and spans centuries. Don't think you can just sit back and let it wash over you, either: Variety's critic calls the film: "an intense three-hour mental workout rewarded with a big emotional payoff." But can it suck in enough regular moviegoers willing to tackle that workout? (Opens Oct. 26.)

Source: http://entertainment.nbcnews.com/_news/2012/10/18/14539829-best-bets-complex-cloud-atlas-floating-on-oscar-buzz?lite

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Indictment returned on animal cruelty, drug charges

by Cris Ritchie
Editor Hazard Herald (Ky)

HAZARD ? A Hazard man already facing trial in federal court was indicted last week by the grand jury in Perry County on charges including possession and cruelty to animals.

It was in July 2011 when officers with the Hazard Police Department responded to the residence of 48-year-old Peter Cassinelli on Eversole Street following a complaint of drug activity. When police arrived, they determined that one of the houses Cassinelli owned was being used to house several animals, including cats, dogs, and ferrets, two of which had been severely neglected.

?It was pretty poor living conditions for the animals,? Hazard Police Chief Minor Allen said at the time, noting that fecal matter was scattered about in one of the rooms where two emaciated dogs had been found living. Allen, who was a major in the department when the case was opened, is listed as the grand jury witness, according to the indictment.

Police later obtained a search warrant for Cassinelli?s residence, where they reported finding several firearms and drugs. According to the indictment returned last week, Cassinelli was alleged to have concealed drugs inside a garbage bag, and was illegally in possession of methadone. The indictment further alleges that Cassinelli intentionally neglected ?to feed and care for his animals.?

He is currently facing local charges of second-degree cruelty to animals, tampering with physical evidence, and first-degree possession of a controlled substance. Bail was set at $20,000, and he is due in court for arraignment Nov. 15.

Cassinelli is also currently awaiting trial in the federal weapons case, in which prosecutors say that he failed to register as required by law, and illegally possessed, several firearms authorities seized from his residence on July 29, 2011. He was originally set to go to trial in August, but according to court records the case has been continued. He is currently scheduled to go to trial Monday, Dec. 10.

Source: http://hazard-herald.com/bookmark/20573770

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President Obama, challenger Mitt Romney clash in final debate

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Source: http://www.rgj.com/article/20121022/NEWS19/121022034

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Pussy Riot members transferred to prison colonies

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Source: http://news.yahoo.com/pussy-riot-members-transferred-prison-colonies-103625384.htmlgcb mary j blige rush limbaugh rush limbaugh dionne warwick patricia heaton arsenic and old lace

2013 Nissan Pathfinder Test Drive

On-Sale Date: Now

Price: $28,270 to $40,770

Competitors: Ford Explorer, Hyundai Santa Fe, Honda Pilot, Chevy Traverse, Toyota Highlander

Powertrain: 3.5-liter V-6; 260 hp, 240 lb-ft of torque; CVT transmission, FWD or AWD

EPA Fuel Economy (city/hwy): 20/26 (FWD); 19/25 (AWD)

What's New: Nissan is pushing fuel economy as the most important attribute in the seven-passenger-crossover segment, with admirable results. The new Pathfinder bests the outgoing version's mpg numbers by 30 percent, putting it well ahead of its competition (though it's still possible the AWD seven-passenger Hyundai Santa Fe could come close). Nissan's engineers achieved this by losing the body-on-frame setup of the old rig and cutting 500 pounds in the process. At the same time Nissan also managed to greatly increase interior volume; there's more headroom and legroom throughout, and far more cargo volume too.

The old five-speed automatic is history, replaced by a CVT with an equivalent gear range of a seven-speed auto, minus any hunting for power. Displacement drops from a 4.0-liter V-6 to a 3.5. That results in a loss of six horses. But, more noticeably, there are 48 fewer lb-ft of torque. Still, acceleration is plenty strong, and the biggest change in driving feel is a bit of torque steer because this crossover defaults to its fuel-sipping FWD arrangement unless there's wheel slip. Minus that blemish, the Pathfinders we drove proved smooth and comfortable over long miles of broken northern California asphalt?something we wouldn't have said about the outgoing model.

Tech Tidbit: Parents had a major problem with the old Pathfinder: They couldn't access the third-row seats without removing the child car seats in the second row?a cumbersome, annoying process. The 2013 Pathfinder has what Nissan calls EZ Flex seats, specially designed to slide forward while the child seat remains in place and allow third-row access without monkeying with the mechanics.

Driving Character: This Pathfinder is not like any that's come before it because of its distinctly carlike ride. That comes courtesy of not only a fully independent suspension like that of the new Ford Explorer, but of a center of gravity that has dropped nearly 3 inches. This new Nissan actually rides lower than a Subaru Outback, and barely an inch higher than an Impreza. As a result, the dreaded "head-toss" sensation that turn your children green in the third row when you're battling a country road on the way to the park pretty much evaporates.

We tested the AWD edition of the Pathfinder on an off-road course with some very steep ascents that required locking the transmission into a dedicated 50/50 split of power to both front and rear axles. The vehicle had no trouble, and even the CVT, which you might think would experience some sensation of slip, was perfectly adequate for the task.

But the Pathfinder is more at home on the asphalt, and the watchword here is "smooth." The new crossover has excellent on-center feel to the steering and just enough agility to make the Pathfinder reasonably sporty, minus some of the semistiff ride of the Ford or the occasionally brittle ride of the Honda Pilot. You could say it's closest to the Toyota Highlander because it's comfortable, but Nissan infuses just enough character to make it a little more entertaining than that rig. If you're bummed about the Pathfinder getting soft, Nissan says it will keep the Xterra "real"?and that almost nobody buys a seven-passenger crossover to drive off-road anyway.

Favorite Detail: There's a small cavity in the hatch area that's perfect for holding groceries. It's normally covered by a carpeted panel, the better to hide valuables. In the past Nissan didn't hinge this door in the floor with any sort of "stop" to hold it upright, meaning fragile items such as eggs or veggies in your grocery bags would get crushed by the lid. Nissan wisely updated the system, which now has a friction hinge that stops the lid in the upright position and holds it there even if you drive around in stop-and-go traffic.

Driver's Grievance: It's great that Nissan added a bullet-shaped third window to the Pathfinder. It brings just a little more light into the dark third row. The downside is that this row also features very large headrests that block a driver's rearward view. Sure, you can get Nissan's "around-view" camera system, but that's really only valid for parking lot duty. If you're driving in town, the over-large headrests are a hinderance to safer lane changes. You can get rid of them easily, but remembering to do this is another matter.

The Bottom Line: We agree with Nissan that customers really aren't buying vehicles like the Pathfinder for climbing 20-degree slopes of mud, so it's completely logical for them to make a vehicle that can handle some off-roading but really is a fuel-efficient, seven-passenger family wagon that happens to look like a crossover. Cross-shopping for the most similar car to the Pathfinder would probably bring you not to another traditional crossover, but to the perennially excellent Acura MDX, a vehicle with zero off-road pretensions but with all the creature comforts of a luxury sedan.

The Pathfinder is roomy, smooth as silk on the interstate, and church-quiet, as well as lounge-comfortable. And it's confidence-inspiring for the breed: At one point during our test, a young girl darted in front of us at a crosswalk and we were forced to stand on the brakes. The Pathfinder stopped on a dime, no harm done. Like we said: smooth, safe, and pretty darn smart too.

Source: http://www.popularmechanics.com/cars/reviews/drives/2013-nissan-pathfinder-test-drive-13989022?src=rss

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Monday, October 22, 2012

Jennifer Rizzo: The Creatively Made Home is here and a sneaky ...

Holy cow! It starts today! How crazy is that?

Jeanne Oliver is the mastermind behnid the whole operation and she is the last sneak peek!

I adore Jeanne's home .

and if you have followed her blog for awhile you know a few things about her:

She loves her family, she loves to create, she cherishes her? true friendships, she has an amazingly have deep faith and she delights in her home.

And she is not afraid of change and taking chances. Like how she moves on ahead in her business where other people would pause, or she fearlessly paints her slate tile on her fireplace.

She loves using details to make her life lovely.

she does amazing things for her kids like home school them. I am not so brave.Or patient.

She will talk about:

*her personal journey with my home and family

*her design influences

* How she found her own style and began incorporating it

* favorite recipes and photos of her home

* live, online discussion with members of the course to ask whatever they wish about her style, home, passions.

*Share 10 project videos in different areas that are true to how she incorporates her creativity and passions in everyday living.

she will show you how to:

?Alter your own lamp shades and make little changes (for next to nothing) that will make a huge difference in your rooms.

all the ways in her home that she has incorporated vintage linens.

How you can make your own silhouettes and how to even incorporate them into gifts for your families.

She has a lot of food and chemical allergies in this home and she will show you how to make your own natural cleaning projects (you probably already have everything you need in your pantry).

and it all starts today!!!

You can even come and check out the site even if you are not registered for the course.

It is going to be an incredible, creative community.

One last reminder of what you will find in the course:

* Live discussions with the hosts each week

* We will take one of YOUR rooms each week and all five hosts will give design suggestions for your space

* Each person registered will get a simple entertaining e-book. ?This will be for you to download and keep forever.

It will have recipes, photos and stories that will inspire you to open your homes and not worry about everything being perfect.

* Over 50 project and decorating videos.

* Real discussions videos about our homes, finding your style, finding contentment with what you have, true hospitality and so much more.

* Photos, photos, photos!

To see our new site click HERE.

We can?t wait to share the course with you!

Jen

Source: http://www.jenniferrizzo.com/2012/10/the-creatively-made-home-is-here-and.html

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Correction: Presidential Campaign-Hispanic Voters

LAS VEGAS (AP) ? In a story Oct. 21 about Hispanic voters, The Associated Press misidentified New Mexico's governor. Her name is Susana Martinez, not Susannah Martinez. The AP reported erroneously that President Barack Obama signed an executive order in August adopting a new immigration policy for young people. He announced the policy change in June and an implementing directive was signed by Homeland Security Secretary Janet Napolitano.

A corrected version of the story is below:

Obama immigration stance locks in Hispanic support

In battle for Hispanic voters, Obama's immigration stance gives him a big edge

By NICHOLAS RICCARDI

Associated Press

LAS VEGAS (AP) ? Elizabeth Alvisar is exactly the sort of voter Mitt Romney needs.

A victim of the brutal economy in this swing state, the 30-year-old tax preparer has been out of work for months. She's a foe of abortion and gay marriage, and was naturally drawn to the Republican ticket.

But Alvisar has switched her support to President Barack Obama because of his support for legislation known as the DREAM Act. While Democrats failed to get the bill through Congress, Obama in June announced a change in policy to implement its key provision ? allowing young people brought into the country without authorization as children to avoid deportation if they graduate high school or join the military.

"I have a lot of friends who've taken advantage of that opportunity," Alvisar said.

In the heavily Hispanic neighborhood where Alvisar lives, unemployment is high and home values are down. But Obama's immigration stance, and especially his policy change, has locked in support from a fast-growing demographic group that has been trending sharply Democratic in the wake of increasingly hard-line Republican positions on immigration.

Obama's campaign is counting on Hispanics providing the margin of victory not just in Nevada, but also in other swing states such as Colorado, Iowa, Virginia and North Carolina

"They know that he's on the right side of the immigration issue and wants to work with Congress for comprehensive immigration reform," deputy campaign manager Stephanie Cutter said. "They know he wakes up every day and thinks about how to secure the middle class and make it easier for young people to enter the middle class."

The importance of Hispanics as a voting bloc and immigration as an election-year issue was brought home during last week's presidential debate. Obama reminded viewers that Romney, who went hard to the right on the issue during the GOP primaries, had argued for "self-deportation" to solve the illegal immigration problem and took advice on the issue from the law professor who helped write Arizona's controversial immigration statute. The Republican challenger noted that Obama had promised to pass an immigration overhaul and had failed.

The Romney campaign says Hispanics, enduring a 9.9 percent jobless rate, which is more than 2 points higher than the national average, are a natural draw for the GOP ticket. "Hispanics are hurting almost more than any other demographic group under the Obama economy," Romney's Spanish-speaking son Craig, a frequent surrogate in the Hispanic community, said in a brief interview. "They're really struggling and they understand that this president has failed them and we need someone who understands how to create jobs."

The Romney campaign opened an office here in September and last week hosted New Mexico's popular Hispanic governor, Susana Martinez, in an effort to cut into Obama's edge in East Las Vegas, home to 42 percent of Nevada's Hispanic population.

But even some Romney supporters are pessimistic that Republicans can make inroads with a population that, many polls show, favors Obama by a 2-to-1 margin.

"It's going to take several years because we haven't engaged this community at all," said Joel Garcia, a conservative who formed a coalition to recruit Hispanics here. "You've got a lot of Hispanics who are conservative in how they live their lives and their values, but there's this hook in their mouth pulling them left called immigration."

Much like any other group, Hispanics often list the economy, jobs and education as top issues in polls. But the acrimonious immigration debate of the past decade has given that issue extra weight for them. "What started as a war on illegal immigration is now being perceived as a war on Latinos," said Matt Barreto, who polls Hispanics for the company Latino Decisions.

Nevada is a prime example of that dynamic. In 2010, Hispanics helped Senate Majority Leader Harry Reid win re-election against a tea party candidate who promoted her staunch anti-illegal immigration stance. Republican Brian Sandoval, a Hispanic who was elected governor at the same time, only won 33 percent of the Hispanic vote.

Until Obama's executive order, Hispanic activists were frustrated that Obama had not pursued plans to legalize more illegal immigrants. Instead, his administration was deporting them in record numbers.

"Before President Obama made his decision to go forward with deferred action, it was pretty dismal," said Vicenta Montoya, an immigration attorney and Democratic activist. "I was going to vote for Obama but it wasn't going to be with grand enthusiasm."

Now Obama's order has fired up Montoya and others in East Las Vegas, a swath of shopping centers, tire shops and weathered ranch houses sprawling east from the Strip. It's the neighborhood of the often-unionized people who make Sin City function ? housekeepers, card dealers and taxi drivers.

For some, Obama's order pulled them into politics. Earlier this month, Hector Rivera's father asked him what he was going to do with his future. Rivera, a high school senior who was brought into the United States without authorization when he was 5, went to the East Las Vegas Obama campaign office and volunteered.

The teenager already has applied for documents allowing him to work under Obama's program. "It's an opportunity for me and future generations," said Rivera, 17, imagining how his own unborn children could benefit someday. "Even though they'll be born here, I want to get a better job to give them a better opportunity so they can live a better life."

Others, like Sergio Solis, have suffered economically but see the president as on their side. Solis had to close a restaurant in Southern California and move here to work as a salesman for an energy company. But, after approvingly mentioning the DREAM Act, Solis said it will take time to correct the country's course following the eight years of the George W. Bush administration.

"This building here, I can dynamite it and destroy it in five minutes," Solis said, gesturing to a supermarket where he was handing out brochures. "But I can't build it back up in five minutes."

The Romney campaign's East Las Vegas office shares a strip mall with a bail bond company and a tortilleria. It opened after volunteers in the neighborhood urged the campaign to set up shop closer to their homes, so they didn't have to drive to the suburbs to phone-bank or collect yard signs.

Susana Loli, 56, is thrilled. The hotel housekeeper didn't vote for Obama in 2008. But as the economy collapsed before his inauguration, she hoped he could keep the country healthy. Now her side business fixing garage doors has shriveled, and she had to sell family property in Peru to stave off foreclosure on her Nevada house.

"With Mitt Romney, we'll have a better future for my children and grandchildren," Loli said. "The Latinos who are going to vote for Obama haven't studied the problem. When you talk to them and explain the situation, then they understand."

Ana Maria Gonzalez, 50, was disappointed that some Hispanics support Obama because of his executive order. She backs Romney because of her faith in his business acumen and moral values, but also because she thinks he's more likely to deliver a humane overhaul of the country's immigration system.

"In four years, President Obama did nothing," Gonzalez said, adding, that she was certain Romney would come up with a way to let DREAM Act youth and other deserving illegal immigrants stay in the country.

___

Follow Nicholas Riccardi on Twitter at www.twitter.com/nickriccardi

Source: http://news.yahoo.com/correction-presidential-campaign-hispanic-voters-195541274--election.html

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Brain change bad behaviour link

21 October 2012 Last updated at 22:29 ET By Caroline Parkinson Health editor, BBC News website

The brains of teenage girls with behavioural disorders are different to those of their peers, UK researchers have found.

The Journal of Child Psychology and Psychiatry study of 40 girls revealed differences in the structure of areas linked to empathy and emotions.

Previous work has found similar results in boys.

Experts suggest it may be possible to use scans to spot problems early, then offer social or psychological help.

An estimated five in every 100 teenagers in the UK are classed as having a conduct disorder.

It is a psychiatric condition which leads people to behave in aggressive and anti-social ways, and which can increase the risk of mental and physical health problems in adulthood.

Rates have risen significantly among adolescent girls in recent years, while levels in males have remained about the same.

Fear detector

In this study, funded by the Wellcome Trust and Medical Research Council, UK and Italian researchers conducted brain scans of 22 teenage girls who had conduct disorder and compared them with scans of 20 who did not.

Continue reading the main story

?Start Quote

It would be possible to use scans where a person is at high risk of offending in the future?

End Quote Dr Graeme Fairchild, Researcher

They also checked the scans against others previously taken of teenage boys with conduct disorder.

The team found part of the brain called the amygdala was smaller in the brains of male and female teenagers with conduct disorder than in their peers.

The amygdala is involved in picking up whether or not others feel afraid - and plays a role in people feeling fear themselves.

Girls with conduct disorder also had less grey matter in an area of the brain called the insula - linked to emotion and understanding your own emotions.

However the same area was larger in boys with conduct disorder than healthy peers, and researchers are not yet sure why that is the case.

The brains of those with the worst behaviour were most different from the norm.

Biological basis

Dr Andy Calder, from the MRC cognition and brain sciences unit, who worked on the study, said: "The origins of these changes could be due to being born with a particular brain dysfunction or it could be due to exposure to adverse environments such as a distressing experience early in life that could have an impact on the way the brain develops."

Dr Graeme Fairchild, of the University of Cambridge who also worked on the study, said there were potential uses for the finding.

"In the US, people are already using brain scans to argue diminished responsibility. I think we're too early in our understanding to really do that, but it is happening.

"It would also be possible to use scans where a person is at high risk of offending in the future.

"More help could be given to the family and, in the same way that someone with language impairment receives extra help, help could be given to teach a person to understand emotions - and the emotions of others - better."

Dr Michael Craig of King's College London's Institute of Psychiatry, who is also looking at using scans to pick up early signs of conditions such as anti-social behaviour, autism and attention deficit-hyperactivity disorder (ADHD), said: "The important thing is that in the studies to date there has been an absence of research looking at females, so this work is an important first step.

"And it suggests that at least a component of this has a biological basis - and there are people who don't believe there is one."

Source: http://www.bbc.co.uk/news/health-20002093#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa

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Oil price rises on Middle East conflict fears

Oil prices rose Monday after violence in Lebanon sparked fears of wider unrest in the Middle East.

By early afternoon in Europe, benchmark oil for November delivery was up 75 cents to $90.80 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $2.05 to end at $90.05 per barrel on Friday.

In London, Brent crude was up 59 cents to $110.73 on the ICE Futures exchange.

Fears of instability in the Middle East flared anew Friday, when Lebanon's intelligence chief, Brig. Gen. Wissam al-Hassan, was assassinated in a massive car bombing. He was a powerful opponent of Syria, which for decades has wielded political and military influence in Lebanon.

Syria itself has been riven with violence since an uprising against President Bashar Assad began in February 2011.

"At present, we do not expect conflict to spread outside of Syria and Lebanon but the Middle East holds several key oil transit routes ? the Suez Canal and Strait of Hormuz," said Edward Bell, commodities analyst at the Economist Intelligence Unit. "Any disruption in passing through these chokepoints would contribute to a momentary upward shift in oil prices."

Brent prices were also supported by the delayed return to production of the Buzzard oil field in the North Sea.

"Buzzard is now in its seventh week of complete shut-in, despite initially having been expected to start up after about five weeks of maintenance and be fully back on stream around the middle of October," said a report from KBC Energy Economics in London.

In other energy futures trading in New York:

- Heating oil rose 0.55 cent to $3.1231 per gallon.

- Wholesale gasoline added 1.05 cents to $2.6826 per gallon.

- Natural gas was up 2 cents at $3.637 per 1,000 cubic feet.

___

Pamela Sampson in Bangkok contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-10-22-Oil%20Prices/id-9e26d38b8bd94ebf84331948cab29ae3

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Thursday, October 18, 2012

4 or 5 Leadership Traits to Watch for in Debate

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