Here’s a running transcript of President Obama’s remarks on the status of the fiscal cliff negotiations after meeting with congressional leaders during the afternoon on Dec. 28, 2012. Remarks are being updated as they unfold.
More Coverage: Senate leaders pledge to work through weekend to avert ‘cliff,’
PRESIDENT OBAMA: Good afternoon everybody. For the past few months, I’ve been working with the leaders of both parties....
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NEW YORK: US stocks sank for a fifth straight day Friday, showing more doubts that politicians will be able to agree a deal to fix the fiscal cliff with only days before the year-end deadline.
Shares were cautiously lower for most of the day after President Barack Obama returned from his vacation early to try to broker a deal with Democrat and Republican congressional leaders in the White House.
But without any positive signs late in the day and the weekend looming, traders gave up and sold off at a stronger pace in the last half hour.
The Dow Jones Industrial Average finished off 158.20 points (1.21 percent) at 12,938.11.
The broad-market S&P 500 lost 15.67 (1.10 percent) to 1,402.43, while the tech-rich Nasdaq Composite shed 25.60 points (0.86 percent) to 2,960.31.
"In the end, fiscal-cliff concerns dominated. No deal meant more worry, and we sold off," said Ryan Detrick of Schaeffer's Investment Research.
All 30 Dow blue chips were in the red, led by Hewlett-Packard (-2.6 percent), which was pushed lower after the SEC said it was looking into its subsidiary Autonomy.
In November, HP accused Autonomy of fraudulent accounting that was uncovered only after its $10 billion purchase of the British software firm in 2011.
Also on the Dow, Exxon lost 2.0 percent and Chevron 1.9 percent.
A rare gainer for the day was embattled bookseller Barnes & Noble, which although reporting that its Nook e-reader had disappointing Christmas sales, got a 4.3 percent boost on the announcement that British publisher Pearson would take a five percent stake in its Nook unit for $89.5 million.
Herbalife, under attack for weeks from short-selling hedge funds, bounced back with a 3.9 percent gain.
Facebook, which opened more than 2.5 percent lower on a report by audience tracker AppData.com that some 3.5 million people had stopped using its photo-sharing app Instagram daily over the past week, regained ground to finish with a loss of just 0.5 percent.
Facebook acquired Instagram earlier this year. The original price was pegged at $1 billion but the final value was less because of a decline in the social network's share price.
Bond prices rose. The 10-year US Treasury yield slipped to 1.71 from 1.72 percent late Thursday, while the 30-year edged lower to 2.88 percent from 2.89 percent. Bond prices and yields move inversely.
-AFP/ac
* In November this year, Chhattisgarh police and CRPF (Central Reserve Police Force) rescued two minor tribal girls who were allegedly gang-raped by Maoists in Bijapur, Bastar district.
* In July 2004, the rape and murder of Thangjam Manorama Devi in Imphal by Assam Rifles personnel had rocked the nation with several women's groups in Manipur coming out naked in the streets to protest. A few days back, Imphal witnessed mob violence over government's inaction on molestation of an actress by an NSCN (IM) cadre.
* On the night of February 23 and 24, 1991, personnel of the 4 Rajputana Rifles had raped about 30 women in Kunan Poshpora village in the border district of Kupwara in north Kashmir.
*A young girl in Jharkhand's insurgency-hit Khunti district had to flee a separatist camp after she was forced to sleep with five Naxalites every night, according to Baidyanath Kumar of the NGO Diya Seva Sansthan that had rescued her.
Even as the Delhi bus gang-rape case simmers, women in India's insurgency-hit areas —Kashmir, Chhattisgarh, Jharkhand or the North East — continue to be exploited sexually both by separatists and the security forces. Often, women endure sexual abuse in return for life of their families. Women in villages of border districts of Rajouri or Poonch in Jammu and Kupwara and Uri in Kashmir are known to submit to sexual exploitation by militants from across the border, besides giving them food and shelter, in return for the safety of their families. In fact, sources reveal that soldier husbands inform their wives in advance of their arrival on holidays so that the terrorists can move out of their homes in time.
In Naxalite-hit areas, many women end up being recruited in the cadres, where they are exploited sexually. Says Baidyanath Kumar, "The Naxals induct women by force for dual purpose. They serve as sex slaves and cook for them too." Shambhu Kumar, Ranchi ASP (Operations), adds, "99% of women Naxals, whether arrested or those who have surrendered complain of sexual harassment in the camps." Often, women are left with no choice — they either give into the state-sponsored vigilantes, Salwa Judum, or tag along with Maoist cadres.
Most often, cases of sexual crimes go unreported either due to remoteness of the location or victims choosing to stay silent out of fear or social stigma attached to such exploitation. Babloo Loitongbam, director of Imphal-based Human Rights' Alert, says, "In a conflict zone, targeting women's honour becomes a contest between the warring parties. And the reported cases of rape by army or the para-military forces in Manipur are just the tip of the iceberg. We have documented over 20 rape cases in the last few years but most go unreported." Even if the victim reports the crime, most of these cases remain unsolved and justice remains elusive.
Anjuman Ara Begum, a Guwahati-based law researcher, says that sexual crimes in armed conflicts are always treated with a 'forget and forgive' policy. "Security forces enjoy immunity as prior sanctions are required for initiating legal cases against them under Afspa (Armed Forces Special (Powers Act), 1958) and CrPC." Many states in the North East are under the Afspa.
— Reporting by Joseph John in Raipur, Oinam Sunil in Guwahati, M Saleem Pandit in Srinagar and Alok K N Mishra in Ranchi.
For centuries, William Shakespeare seemed to have the last word. His Richard III glowered and leered from the stage, a monster in human form and a character so repugnant "that dogs bark at me as I halt by them." In Shakespeare's famous play, the hunchbacked king claws his way to the throne and methodically murders most of his immediate family—his wife, older brother, and two young nephews—until he suffers defeat and death on the battlefield at the hands of a young Tudor hero, Henry VII.
(Related: "Shakespeare's Coined Words Now Common Currency.")
To shed new light on the long vilified king, a British scientific team has tracked down and excavated his reputed burial spot and exhumed skeletal remains that may well belong to the long-lost monarch. The team is conducting a CSI-style investigation of the body in hopes of conclusively identifying Richard III, a medieval king who ruled England for two brief years before perishing at the Battle of Bosworth in 1485. Results on the investigation are expected in January.
But the much maligned monarch is not the only historical heavyweight to be exhumed. Since the 1980s, forensic experts have dug up the remains of many famous people—from Christopher Columbus (video) and Simón Bolívar to Jesse James, Marie Curie, Lee Harvey Oswald, Nicolae Ceausescu, and Bobby Fischer. Just last month, researchers in Ramallah (map) disinterred the body of Yasser Arafat, hoping to new glean clues to his death in 2004. Rumors long suggested that Israeli agents poisoned the Palestinian leader with a fatal dose of radioactive polonium-210.
(Read more about poisoning from National Geographic magazine's "Pick Your Poison—12 Toxic Tales.")
Indeed, forensic experts have disinterred the legendary dead for a wide range of reasons—including to move their remains to grander tombs befitting their growing fame, collect DNA samples for legal cases, and obtain data on the medical conditions that afflicted them. Such exhumations, says anatomist Frank Rühli at the Centre for Evolutionary Medicine, University of Zurich, always raise delicate ethical issues. But in the case of early historical figures, scientists can learn much that is of value to society. "Research on ancient samples provides enormous potential for understanding [questions concerning our] cultural heritage and the evolution of disease," Rühli notes in an emailed response.
Franciscan Resting Place?
Archaeologists from the University of Leicester began actively searching for the burial place of Richard III this past August. According to historical accounts, Tudor troops carried Richard's battered corpse from the Bosworth battlefield and displayed it in the nearby town of Leicester before local Franciscan fathers buried the body in their friary choir. With clues from historic maps, the archaeological team located foundations of the now vanished friary beneath a modern parking lot, and during excavation, the team discovered the skeleton of an adult male interred under the choir floor—exactly where Richard III was reportedly buried.
The newly discovered skeleton has scoliosis, a curvature of the spine that may have resulted in a slightly lopsided appearance, and this may have inspired Shakespeare's exaggerated depiction of Richard as a Quasimodo-like figure. Moreover, the body bears clear signs of battle trauma, including a fractured skull and a barbed metal arrowhead embedded in the vertebrae. And even the burial place points strongly to Richard. English armies at the time simply left their dead on the field of battle, but someone carted this body off and interred it in a place of honor.
Taken together, these early clues, says Jo Appleby, the University of Leicester bioarchaeologist studying the remains, strongly suggest that the team has found the legendary king. Otherwise, she observes, "I think we'd have a hard time explaining how a skeleton with those characteristics got buried there."
But much work remains to clinch the case. Geneticists are now comparing DNA sequences from the skeleton to those obtained from a modern-day Londoner, Michael Ibsen, who is believed to be a descendant of Richard III's sister. In addition, forensic pathologists and medieval-weapons scholars are poring over signs of trauma on the skeleton to determine cause of death, while a radiocarbon-dating lab is helping to pin down the date. And at the University of Dundee in Scotland, craniofacial identification expert Caroline Wilkinson is now working on a reconstruction of the dead man's face for a possible match with historic portraits of Richard III. All this, says Richard Buckley, the lead archaeologist on the project, "will help us put flesh on the bones, so to speak."
Digging Up History
Elsewhere, teams digging up the historic dead have contented themselves with more modest goals. In Texas, for example, forensic experts opened the grave of Lee Harvey Oswald in October 1981 to identify beyond doubt the man who shot President John F. Kennedy. A British lawyer and author had claimed that a Soviet agent impersonated Oswald and assassinated the American president. To clarify the situation, the forensic experts compared dental x-rays taken during Oswald's stint in the United States Marine Corps to a record they made of the body's teeth. The two matched well, prompting the team to announce publicly that "the remains in the grave marked as Lee Harvey Oswald are indeed Lee Harvey Oswald."
More recently, in 2010, Iceland's supreme court ordered forensic experts to exhume the body of the late world chess champion Bobby Fischer from his grave in Iceland in order to obtain DNA samples to determine whether Fischer was the father of one of the claimants to his estate. (The tests ruled this out.) And that same year, Venezuelan president Hugo Chavez ordered forensic experts to open the casket of Simón Bolívar, the renowned 19th century Venezuelan military leader who fought for the independence of Spanish America from colonial rule. Chavez believes that Bolívar died not from tuberculosis, as historians have long maintained, but of arsenic poisoning, and has launched an investigation into the cause of his death.
For some researchers, this recent spate of exhumations has raised a key question: Who should have a say in the decision to disinter or not? In the view of Guido Lombardi, a paleopathologist at Cayetano Heredia University in Lima, investigators should make every effort to consult descendants or family members before proceeding. "Although each case should be addressed individually," notes Lombardi by email. "I think the surviving relatives of a historical figure should approve any studies first."
But tracking down the descendants of someone who died many centuries ago is no easy matter. Back in Leicester, research on the remains found beneath the friary floor is proceeding. If all goes according to plan, the team hopes to announce the results sometime in January. And if the ancient remains prove to be those of Richard III, the city of Leicester could be in for a major royal event in 2013: The British government has signalled its intention to inter the long-maligned king in Leicester Cathedral.
Authorities have charged a woman for allegedly providing a convicted killer with the Bushmaster AR-15 assault rifle he used when he ambushed four volunteer firefighters and an off-duty cop at a fire scene in upstate New York on Christmas Eve, federal prosecutors said.
Dawn Nguyen, 24, was arrested today after allegedly making an illegal purchase of the weapon used by William Spengler, 62, who set a house and car on fire in Webster, N.Y., the morning of Dec. 24, then shot dead two firemen and himself.
Nguyen is facing federal and state charges for acting as a "straw purchaser," buying the Bushmaster assault weapon as well as a shotgun with the intention of giving it to someone who cannot legally purchase it himself, said U.S. Attorney William J. Hochul.
Authorities accuse Nguyen of lying about being the sole owner of the weapons when making the purchase, a violation of federal law.
As an ex-convict, Spengler could not have legally owned or purchased the weapons himself.
"Dawn Nguyen told the seller of these weapons that she was to be true owner and buyer of these guns," said Hochul. "It is absolutely against federal law to provide any materially false information" on a firearms application.
As Hochul announced the charges, Nguyen was in a nearby court. It was unknown whether she entered a plea, and her lawyer could not be immediately contacted.
In addition to the rifle and shotgun, Spengler was found with a pistol, which authorities believe he used to kill himself by shooting himself in the head.
After apparently setting the fires, Spengler began shooting at emergency responders, officials have said. The attack left two firefighters and the gunman dead, and two other firefighters hospitalized.
Police officer John Ritter recieved shrapnel injuries at the scene but was discharged quickly from the hospital.
In a typewritten note found at the scene, Spengler revealed that he obtained the weapons from Nguyen, who for a time lived next door to him in Webster, Hochul said.
In that same note, Spengler pledged to see "how much of the neighborhood I can burn down." He said he wanted to "do what I like doing best, killing people."
Police said Spengler set a "trap" in order to ambush the first responders.
Firefighters Michael Chiapperini and Tomasz Kaczowka were gunned down. Two other firefighters, Joseph Hofsetter and Theodore Scardino, remained in guarded condition at a Rochester, N.Y. hospital.
NEW YORK: US stocks dipped Thursday in the absence of a deal to avert a "fiscal cliff" crisis as an end-of-year deadline crept closer.
The Dow Jones Industrial Average finished the session down 18.28 points (0.14 percent) at 13,096.31.
The broad-market S&P 500 slipped 1.73 points (0.12 percent) at 1,418.10 while the tech-rich Nasdaq Composite shed 4.25 points (0.14 percent) at 2,985.91.
Washington has until the end of the month to reach a compromise on how to avert a crisis that could lead to steep tax hikes and stringent budget cuts. But with the clock ticking, a deal has yet to take shape.
Experts say a fall over the so-called "fiscal cliff" could take the world's biggest economy back into recession.
Still, markets appeared to be bolstered by word that the House of Representatives would reconvene on Sunday, raising hopes of an 11th-hour compromise.
President Barack Obama cut short his family Christmas break in Hawaii and returned to the capital, and the Senate was also in session Thursday.
"News that the House will reconvene for a session Sunday night propelled stocks to end well off the lows of the day, erasing an earlier double-digit loss on the Dow that came courtesy of discouraging remarks from Senator Harry Reid and a fall in Consumer Confidence," said analysts with Charles Schwab & Co.
Traders were also digesting a sharp drop in consumer confidence in December, traditionally a key driver of the US economy.
In its monthly survey, the Conference Board said the index now stands at 65.1, compared to the downwardly revised 71.5 in November.
Stocks in focus included US auto giant Ford, which said Thursday it would invest $773 million to expand factories across its home state of Michigan, generating 2,350 new jobs, part of a plan to add 12,000 jobs by 2015. It fell 0.23 percent.
Microsoft edged 0.4 percent higher after announcing it would open six new stores in the United States in 2013.
US-listed shares of Toyota Motor Corporation climbed 2.4 percent. The Japanese automaker said Wednesday that it had agreed to pay about $1.1 billion to settle a class action lawsuit launched by US vehicle owners affected by a series of mass recalls.
Marvell Technology Group dropped 3.5 percent after a jury on Wednesday hit it with a billion-dollar verdict, ruling that the US chip maker "willfully" infringed on patents held by Carnegie Mellon University.
Bond prices rose. The 10-year US Treasury yield fell to 1.72 percent from 1.76 percent late Wednesday, while the 30-year slipped to 2.9 percent from 2.93 percent. Bond prices and yields move inversely.
-AFP/ac
Singh said Nirbhaya was "as stable as she was in Delhi" which is an "achievement", raising hopes amid grim signals over what the future holds for the tenacious girl.
He underwent kidney transplant at the famous Singapore hospital in 2009. His prolonged stay there, followed by the presence of the who's who of industry, Bollywood and politics, put it on the A-list of the country's VIPs. Since then, megastar Rajnikanth has been treated there.
The surprise decision to shift Nirbhaya out of Safdarjung Hospital in a critical state has raised many questions, with the choice of hospital intriguing many. But Singh, once close to Mulayam Singh Yadav and Amitabh Bachchan, vouched for it.
"It is the best hospital for organ transplant and more importantly, it is very good for post-operative care," Singh said.
Intestinal problem ties Nirbhaya to the Singapore hospital's first Indian star patient. Singh had his intestines cut up after an ailment was callously assumed as malignant. A large part of his bowels were removed before he realized that it was a medical mess-up. Then, a famous surgeon from a top Mumbai hospital suggested the Singapore medical centre.
Since then, movie icon Rajnikanth has come here, putting the hospital in the spotlight for situations like Nirbhaya's crisis.
"Singapore is the nearest destination to bring her to in her state of criticality. It is only five hours from India," Singh said.
Cento di questi giorni. May you have a hundred birthdays, the Italians say, and some of them do.
So do other people in various spots around the world—in Blue Zones, so named by National Geographic Fellow Dan Buettner for the blue ink that outlines these special areas on maps developed over more than a decade. (National Geographic News is part of the National Geographic Society.)
In his second edition of his book The Blue Zones, Buettner writes about a newly identified Blue Zone: the Greek island of Ikaria (map). National Geographic magazine Editor at Large Cathy Newman interviewed him about the art of living long and well. (Watch Buettner talk about how to live to a hundred.)
Q. You've written about Blue Zones in Sardinia, Italy; Loma Linda, California; Nicoa, Costa Rica and Okinawa, Japan. How did you find your way to Ikaria?
A. Michel Poulain, a demographer on the project, and I are always on the lookout for new Blue Zones. This one popped up in 2008. We got a lead from a Greek foundation looking for biological markers in aging people. The census data showed clusters of villages there with a striking proportion of people 85 or older. (Also see blog: "Secrets of the Happiest Places on Earth.")
In the course of your quest you've been introduced to remarkable individuals like 100-year-old Marge Jetton of Loma Linda, California, who starts the day with a mile-long [0.6-kilometer] walk, 6 to 8 miles [10 to 13 kilometers] on a stationary bike, and weight lifting. Who is the most memorable Blue Zoner you've met?
Without question it's Stamatis Moraitis, who lives in Ikaria. I believe he's 102. He's famous for partying. He makes 400 liters [100 gallons] of wine from his vineyards each year, which he drinks with his friends. His house is the social hot spot of the island. (See "Longevity Genes Found; Predict Chances of Reaching 100.")
He's also the Ikarian who emigrated to the United States, was diagnosed with lung cancer in his 60s, given less then a year to live, and who returned to Ikaria to die. Instead, he recovered.
Yes, he never went through chemotherapy or treatment. He just moved back to Ikaria.
Did anyone figure out how he survived?
Nope. He told me he returned to the U.S. ten years after he left to see if the American doctors could explain it. I asked him what happened. "My doctors were all dead," he said.
One of the common factors that seem to link all Blue Zone people you've spoken with is a life of hard work—and sometimes hardship. Your thoughts?
I think we live in a culture that relentlessly pursues comfort. Ease is related to disease. We shouldn't always be fleeing hardship. Hardship also brings people together. We should welcome it.
Sounds like another version of the fable of the grasshopper and the ant?
You rarely get satisfaction sitting in an easy chair. If you work in a garden on the other hand, and it yields beautiful tomatoes, that's a good feeling.
Can you talk about diet? Not all of us have access to goat milk, for example, which you say is typically part of an Ikarian breakfast.
There is nothing exotic about their diet, which is a version of a Mediterranean diet, which emphasizes vegetables, beans, fruit, olive oil, and moderate amounts of alcohol. (Read more about Buettner's work in Ikaria in National Geographic Adventure.)
All things in moderation?
Not all things. Socializing is something we should not do in moderation. The happiest Americans socialize six hours a day.
The people you hang out with help you hang on to life?
Yes, you have to pay attention to your friends. Health habits are contagious. Hanging out with unhappy people who drink and smoke is hazardous to your health.
So how has what you've learned influenced your own lifestyle?
One of the big things I've learned is that there's an advantage to regular low-intensity activity. My previous life was setting records on my bike. [Buettner holds three world records in distance cycling.] Now I use my bike to commute. I only eat meat once a week, and I always keep nuts in my office: Those who eat nuts live two to three more years than those who don't.
You also write about having a purpose in life.
Purpose is huge. I know exactly what my values are and what I love to do. That's worth additional years right there. I say no to a lot of stuff that would be easy money but deviates from my meaning of life.
The Japanese you met in Okinawa have a word for that?
Yes. Ikigai: "The reason for which I wake in the morning."
Do you have a non-longevity-enhancing guilty pleasure?
Tequila is my weakness.
And how long would you like to live?
I'd like to live to be 200.
The perception of schools as sanctuaries from violence has been "blown up" by recent events and some believe it's time for educators to literally take the situation into their own hands and carry guns.
"We've had this unwritten code, even among criminals, that schools are off limits. Those are our kids. You don't mess with that," Utah Shooting Sports Council (USSC) Chairman Clark Aposhian told ABCNews.com today.
"That perception has been blown away now," he said. "It's been shattered and if there's one thing that parents across the country are united on, it's that they are committed to and serious about protecting their kids."
Aposhian spoke shortly before opening a weapons training class for teachers and school employees that drew more than 200 Utah educators organized by the USSC, a leading gun lobby group that believes that teachers should be able to fight back when faced with an armed intruder.
"One firearm in the hands of one teacher could have made the difference at Sandy Hook or Columbine, but they weren't allowed to carry in those schools," Aposhian said.
The USSC is waiving its normal $50 training fee today for teachers who wish to attend. Aposhian said the 200 person course was filled to capacity and said he plans on holding another session for people he may have to turn away today.
INFOGRAPHIC: Gun in America: By The Numbers
"We trust these teachers to be with our kids for 8 to 10 hours a day every day," Aposhian said. "I don't think it's a far reach to think that we could think that they would act responsibly and with decorum in protecting their own lives and the lives of the kids under their care."
The idea of armed teachers has been part of a fiery debate on gun control following the rampage at Connecticut's Sandy Hook Elementary School that left 20 children and six adults dead on Dec. 14.
Utah is one of only a handful of states, including Oregon, Hawaii and New Hampshire, that allow people to carry licensed concealed weapons into public schools. It is not known how many Utah teachers carry guns in public schools because the records are not public.
But Aposhian said that he tells detractors that Utah has not had any school shootings or accidental shootings in the approximately 12 years the law has been in effect.
In Ohio, the Buckeye Firearms Association is launching a pilot armed teacher training program in which 24 teachers will be selected to attend a three-day training class.
Arizona's Attorney General Tom Horne has proposed a state law amendment that would allow one educator in each school to carry a gun.
During today's six-hour training session, the educators will be taught about gun safety, loading and unloading, manipulating the firearm, how to clear malfunctions, use of force laws and state and federal firearm laws.
The training sessions normally draw about 15 to 20 people, Aposhian said, but many of the teachers who have signed up for today have expressed strong feelings about attending the class.
"I think it runs the gamut from passive desire to get a permit because they thought about it here and there to a fervor given the recent events," Aposhian said. "Perhaps they've had an epiphany of sorts and realized that that sanctuary they work in, or at least the perceived sanctuary, isn't all that safe."
The Utah State Board of Education Chair Debra Roberts released the following statement today on the matter:
"The Utah State Board of Education expresses sympathy to all involved in the recent school shooting in Connecticut. In the face of this terrible tragedy, as schools move forward in taking measures to ensure the safety of students and school personnel, we urge caution and thoughtful consideration."
The statement noted that its schools have emergency plans to handle such situations.
Carol Lear, the board's director of school law and legislation, was more blunt about Aposhian's gun training, telling the Associated Press, "It's a terrible idea...It's a horrible, no-good, rotten idea."
The U.S. government will hit the $16.4 trillion federal debt limit on Monday and turn to “extraordinary measures” to continue borrowing, the Treasury Department said Wednesday, beginning a countdown until Congress either passes legislation to allow for more borrowing or the government defaults on its debt.
Treasury Secretary Timothy F. Geithner said in a letter to senior lawmakers that the Treasury would begin to undertake “extraordinary measures” in order to forestall default. Geithner said the measures could create about $200 billion in additional funding available to the government – giving Congress two months before it must raise the debt limit.
To begin conserving money, Treasury will suspend a program on Friday that helps states and localities manage their borrowing. In subsequent weeks, Treasury will start to tap the federal worker pension fund for additional financial resources. (The pension fund will be made whole once the debt limit impasse is resolved.) Geithner added that the resolution of the fiscal cliff could affect these estimates. In particular, he wrote, “the expiring tax provisions and automatic spending cuts, as well as the attendant delays in filing of tax returns, would have the effect of adding some additional time to the duration of the extraordinary measures.”
President Obama has insisted that the debt limit be taken off the table in negotiations between Democrats and Republicans over the fiscal cliff. But Republicans have insisted that the debt limit provides an important point of leverage to force spending cuts.
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