Bank of Canada keeps “over time” condition on rate hike
















OTTAWA (Reuters) – Bank of Canada Deputy Governor Tim Lane repeated on Wednesday the central bank‘s message that interest rate increases will likely be needed, but only over time.


The “over time” phrase was introduced in the bank’s key guidance in its rate statement on October 23 as a way of signaling that while the next rate move is likely to be up, such a move was less imminent than it had been.













“Over time, some gradual withdrawal of monetary policy stimulus will likely be required, consistent with achieving the inflation-control target,” Lane said, according to a prepared presentation he was giving on Wednesday in Moncton, New Brunswick.


Another part of the presentation, which was posted on the central bank’s website, noted: “The Canadian economy continues to operate with a small amount of excess supply.”


The Bank of Canada is alone in the Group of Seven leading industrialized countries in signaling an intention to raise rates despite expectations of modest and unbalanced global growth.


Lane forecast “very robust growth” in emerging markets, stagnation in Europe and significant dampening of U.S. growth due to fiscal consolidation. He said Canada‘s real gross domestic product was still expected to grow at a moderate pace.


(Reporting by Randall Palmer; Editing by Jeffrey Hodgson; and Peter Galloway)


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Chevy Chase is leaving NBC’s sitcom ‘Community’
















LOS ANGELES (AP) — The NBC series “Community” will finish the season without Chevy Chase.


Sony Pictures Television said Wednesday that the actor is leaving the sitcom by mutual agreement with producers.













His immediate departure means he won’t be included in the last episode or two of the show’s 13-episode season, which is still in production.


Chase had a rocky tenure playing a bored and wealthy man who enrolls in community college. The actor publicly expressed unhappiness at working on a sitcom and feuded last year with the show’s creator and former executive producer, Dan Harmon.


The fourth-season premiere of “Community” is Feb. 7, when it makes a delayed return to the 8 p.m. EST Thursday time slot. The show’s ensemble cast includes Joel McHale and Donald Glover.


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Stone Soup for Thanksgiving: understanding bird disease through citizen science
















Windowkill. Photo: Susan Spear

When somebody opens their front door to pick up the morning newspaper and sees a dead bird below their hedge, they get curious for answers. As soon as they stoop down for a closer look, an Indiana Jones adventure unfolds within the confines of their backyard. Was it poison, disease, predation, starvation, old age? Is this a fluke or widespread plague? Perhaps dead birds like this one are widely scattered across a country. But, if so, what sort of scientific method could find answers to what happened to them all? The stone soup method. In my favorite version of the folk story “Stone Soup,” a group of monks traveling through the war-torn countryside sit in the center of a quiet village and boil a stone in a large pot of water. Soon curiosity wins over the initial distrust and skepticism of impoverished villagers as each, in turn, are enticed to add a vegetable or spice. Through cooperation and sharing, the entire village feasts on delicious, nutritious soup. When my colleagues and I carry out research using citizen science methods, we are like the monks boiling stone soup. Instead of a pot, we have a big blank spreadsheet and curious folk are enticed to each add their observations, ultimately creating a robust database with observations from across a continent. Through citizen science I study healthy birds, but several of my colleagues focus on the sick and dying ones. This week in PLOS ONE, a research team led by Becki Lawson, a veterinarian and ecologist, reported a new strain of avian pox spreading in a common backyard bird in Great Britain. Citizen science participation was pivotal to tracking the outbreak, unraveling its mysteries, and informing localized studies. The new strain of avian pox entered Great Britain and spread in one family of birds, the Paridae. The Paridae include chickadees in North America, their European counterparts are various types of tits, most notably the Great Tit. By piecing together reports from citizen science participants, the team was able to track the spread of pox, starting in southeast England, moving to central England, and then into Wales in less than five years. Avian pox is not for the squeamish, so this study is a testament to what citizen scientists are willing to do. Birds with avian pox grow red, yellow, or gray wart-like lesions, particularly around the eyes, beak, and legs. The new strain makes really large lesions, so severe that they leave the bird unable to feed itself or look out for predators. The pox spreads from individual to individual through direct contact, indirect contact (like touching the same bird feeder), or through a vector that bites, like mosquitoes. There is no way to treat wild birds medically. When an outbreak occurs, people are advised to remove bird feeders to prevent birds from congregating. Also, the study is a reminder for people to periodically clean and sanitize wild bird feeders, just as you would with pets. There are numerous causes of bird deaths in Great Britain. I get the shivers from the names, such as the bacteria like salmonellosis, colibacillosis, Suttonella ornithocola, and Chlamydia psittaci, viruses like pox and fringilla papilloma, and parasites, like trichomonosis, cnemidocoptiasis, and syngamiasis. People have found birds with all of these infectious diseases in over 60 species since 2005 because thousands of individuals have followed hygienic protocols to pick up, package, and submit over 2,500 dead birds to designated veterinary labs for post mortem exams. The veterinary labs participate in the Garden Bird Health initiative (GBHi), a highly collaborative research project to investigate causes of sickness and death in British garden birds. Researchers at the Zoological Society of London collate information from two citizen science projects. First, they receive ad hoc reports, typically through the Royal Society for the Protection of Birds. Second, Garden BirdWatch, run by the British Trust for Ornithology, formed a systematic surveillance system in which participants provided information every week throughout the year (not just when sick or dead birds are found). Over the past few year Brits were alert and tracking the spread of this pox virus. Two years ago they also followed an epidemic of parasitic finch trichomonosis that caused a significant decline in British greenfinch populations, in research also led by Becki Lawson. The parasitic epidemic spread from the UK to the rest of Europe. The current viral pox epidemic turned the tables: this epidemic is likely invading the UK from Europe. Great Tits don’t migrate, so the new strain of pox had to arrive some other way. Working in coordination with the national efforts, ornithologists from the University of Oxford confirmed that the Great Tit was more susceptible than other species. Although the avian pox has severe effects on individual birds, in particular lowering the odds of survival for chicks and juvenile birds, researchers do not anticipate population declines as occurred with the greenfinch. In the US, citizen scientists are helping study disease and death in birds, too. The House Finch Disease Survey, which is a project by Andr? Dhondt, my colleague (and supervisor) at the Cornell Lab of Ornithology, has tracked an epidemic of conjunctivitis, spread by bacteria. Like pox, people can typically see the symptoms of conjunctivitis in house finches, mainly red swollen and crusty eyes, like pink eye in our children. In the Pacific Northwest, hundreds of people help monitor marine health as they take long walks on the beach. They have counted thousands of dead (beached) sea birds each year and submitted their observations to my colleague Julia Parrish through the Coastal Observation and Seabird Survey Team (COASST). These baseline numbers are important. Unless people are paying attention, we won’t notice if there is a sudden uptick in deaths, or be able to properly estimate the impact of a catastrophe, such as an oil spill. There are plenty of misconceptions about citizen science, largely attributed to its dual achievements: public engagement and academic research. Is the purpose of making stone soup to teach people about cooperation or to produce a good meal? The intent doesn’t matter because the stone soup method achieves both. Likewise, citizen science can woo everyday people into falling in love with science AND co-create knowledge that an individual scientist could not acquire alone. References: Lawson, B., Lachish S., Colvile, K.M., Durrant, C., Peck, K.M., Toms, M.P., Sheldon, B.C., Cunningham, A.A. Emergence of a novel avian pox disease in British tit species. PLoS ONE Lachish, S., Bonsall, M.B., Lawson, B., Cunningham, A.A., Sheldon, B.C. Individual and population-level impacts of an emerging poxvirus disease in a wild population of great tits. PLoS ONE Lachish, S., Lawson, B., Cunningham, A.A., Sheldon, B.C. Epidemiology of the emergent disease Paridae pox in an intensively studied wild bird population. PLoS ONE












Follow Scientific American on Twitter @SciAm and @SciamBlogs. Visit ScientificAmerican.com for the latest in science, health and technology news.
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Global shares rally on brighter global economic outlook
















LONDON (Reuters) – World share markets extended a week-long rally on Thursday as manufacturing surveys in China and the United States boosted confidence over the growth outlook and euro zone data was not as weak as some had feared.


The single currency also touched a two-week high against the dollar, despite data indicating the euro zone’s economy is on course for its deepest downturn since early 2009, on renewed optimism of a deal emerging to provide aid payments to Greece.













“The driving factors behind euro/dollar are that the global macroeconomic backdrop seems to be improving and people are pricing out the tail risk on Greece,” said Arne Lohmann Rasmussen, head of currency research at Danske Bank.


The euro rose 0.3 percent to $ 1.2869, its highest level since November 7.


The prospects of a deal to help Athens were boosted when German Chancellor Angela Merkel said on Wednesday after the failure of overnight talks that an agreement was possible when euro zone ministers meet again on Monday.


The likelihood of a deal, combined with better economic data and a growing view that a resolution can be found to the U.S. fiscal crisis lifted the MSCI’s world equity index 0.3 percent to 325.75 points, putting it on track for its best week since mid-September.


Europe’s FTSE Eurofirst 300 index rose 0.4 percent to a two-week high of 1,101.90 points, with London’s FTSE 100, Paris’s CAC-40 and Frankfurt’s DAX between 0.3 and 0.7 percent higher.


However, trading across all markets was subdued, with U.S. markets closed for the Thanksgiving holiday.


CHINA BOOST


Confidence in the global economic outlook got its biggest lift from the HSBC flash Manufacturing Purchasing Managers Index (PMI) for China, which pointed to expansion after seven consecutive quarters of slowdown.


“There have been a lot of concerns regarding the outlook for global growth. In this context, any improvement in Chinese data is welcome, given that investors are still risk averse,” said Robert Parkes, equity strategist at HSBC Securities.


The Chinese data followed an report on Wednesday showing U.S. manufacturing grew in November at its quickest pace in five months, indicating strong economic growth in the fourth quarter.


PMI data on the manufacturing and services sectors in Europe’s two biggest economies of Germany and France added to the better tone, revealing that conditions had not worsened in November, though both economies are still contracting.


However, the PMI numbers for the wider euro zone remain extremely weak, pointing to the recession-hit region shrinking by about 0.5 percent in the current quarter – its sharpest contraction since the first quarter of 2009.


BOND DEMAND


Amid the improving appetite for riskier assets, Spain sold 3.88 billion euros ($ 4.97 billion) of new government bonds on Thursday, though it has already raised enough funds for this year’s needs.


The average yield on the three-year bonds in the auction was 3.617 percent, compared with 3.66 percent at a sale earlier in November and a 2012 average of 3.79 percent.


Ten-year Spanish yields were 6 basis points lower on the day at 5.67 percent, having traded above 6 percent at the start of the week.


German 10-year bonds yields, which tend to rise as investors’ anxiety over the euro zone outlook ease, were up slightly at 1.439 percent.


COMMODITIES STEADY


Commodity prices gained some support form the improving outlook for world demand from all the PMI data, but prospects of only modest global growth in 2013 kept gains in check.


London copper rose 0.6 percent to $ 7,740 a metric tonne, and spot gold inched up to $ 1,730 an ounce.


Brent crude oil dipped under $ 111 per barrel as a ceasefire between Israel and Gaza’s Hamas rulers eased concerns over the impact the unrest may have on supply from the region.


Brent slipped 34 cents to $ 110.52 a barrel, while U.S. crude was steady at $ 87.38.


(Reporting by Richard Hubbard; Editing by Will Waterman)


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Greek PM presses for deal on loan
















ATHENS, Greece (AP) — Greece has reacted with dismay to the European Union‘s failure to agree to release vital rescue loan funds for the debt-ridden country, with the prime minister warning it was not just Greece’s future that hangs in the balance.


The delay prolongs uncertainty over the future of Greece, which faces a messy default that would threaten the entire euro currency used by 17 EU nations.













Prime Minister Antonis Samaras stressed that Greece has done what its creditors from the EU and International Monetary Fund required. “Our partners, along with the IMF, also must do what they have committed to doing,” he said.


He said that “it is not just the future of our country, but the stability of the entire eurozone” that depend on the success of negotiations in coming days.


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“Rise of the Guardians” Review: Magic, but you’d better believe in Santa Claus
















LOS ANGELES (TheWrap.com) – There’s a really cool idea afoot in “Rise of the Guardians,” namely that Santa Claus, the Easter Bunny, the Tooth Fairy and the Sandman aren’t merely responsible for their little corner of children’s lives but are actually a super-team of “Avengers” proportions. Taking their cues from the unseen Man in the Moon, they protect children everywhere from evildoers.


There’s also a really tired concept dragging down the film, namely that new Guardians recruit Jack Frost isn’t sure that he wants to join up, and he doesn’t know who he really is – and he’s, basically, the umpteenth Joseph-Campbell-reluctant-hero who pops up in seemingly every kids’ movie and superhero epic. (Arguably, “Guardians” is both.)













And as much as I often found myself enchanted by this 3D animated film, based on the series of books by William Joyce, I couldn’t help noticing that this movie falls into a conundrum I like to call (with a tip of the hat to playwright Christopher Durang) “You didn’t clap loud enough – Tinkerbell’s dead.”


As an atheist (albeit one who loves Christmas movies), I get a little twitchy about films where children are made to feel guilty about not believing in things and people that don’t actually exist. So even though it’s nice to get a non-cynical story aimed at kids, in which open-heartedness and wonder are celebrated as virtues, this is another movie that paints itself into a theological corner by suggesting that those of us who question the existence of the Easter Bunny are at fault for all the world’s ills.


In this tale, the Guardians assemble for two reasons: to welcome Jack Frost (voiced by Chris Pine) into their ranks and to combat Pitch Black (Jude Law), a long-suppressed boogeyman who’s out to capture the Sandman (who never speaks, but is one of the movie’s funniest characters) and to replace his golden slumbers with hideous nightmares.


Santa (Alec Baldwin) – here made out to be the jolliest Russian stevedore on Earth – welcomes Jack to the fold and assures him that he can be a hero once he figures out what he’s made of. Less convinced is the Easter Bunny (Hugh Jackman), who has ongoing resentment against Jack for all those times that wintry weather has disrupted egg hunts.


And there’s the Tooth Fairy (Isla Fisher), who subcontracts most of her gig out to her army of pixies; one of the film’s interesting twists is to explain why children’s teeth are so valuable and what she does with them.


When the Guardians are zipping around the planet, invisibly enchanting children and ribbing each other, “Rise of the Guardians” has a real lift to it; first-time director Peter Ramsey knows how to pace the big set pieces, and he understands that anytime you can make characters fly around (or extreme-sled) in a 3D movie, audiences’ spirits will soar too.


All too often, however, the good stuff is interrupted by the extremely pat plot beats of Jack and his voyage of self-fulfillment, and those aren’t the only mistakes screenwriter David Lindsay-Abaire (“Rabbit Hole”) makes along the way.


There’s a major plot development that takes place off-camera, which gives a large chunk of the movie a “Wait, what just happened?” confusion that’s too much of a distraction.


The young’uns at the screening I attended were entranced for much of “Rise of the Guardians” (terrible title!), so parents can rest assured that its target audience will leave satisfied. But the best family films truly appeal to the whole family, and adults may find themselves asking, and fending off, too many questions to take the plunge into this fantasy universe.


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UN says an end to AIDS in sight
















LONDON (Reuters) – A United Nations report said on Tuesday that eradicating AIDS was in sight, owing to better access to drugs that can both treat and prevent the incurable human immunodeficiency virus (HIV) that causes the disease.


An aim to eventually end the worldwide AIDS epidemic is not “merely visionary” but “entirely feasible”, the report said.













Success in fighting the disease in the past decade has allowed the “foundation to be laid for the eventual end of AIDS” by cutting the death toll and helping stabilise the number of people infected in the pandemic, UNAIDS said its annual report.


Some 34 million people had HIV at the end of 2011.


Worldwide, the number of people newly infected with the disease, which can be transmitted via blood and by semen during sex, is falling. At 2.5 million, the number of new infections in 2011 was 20 percent lower than in 2001.


Deaths from AIDS fell to 1.7 million in 2011, down from a peak of 2.3 million in 2005 and from 1.8 million in 2010.


Sub-Saharan Africa is the most severely affected region with almost one in every 20 adults infected, nearly 25 times the rate in Asia, there are also almost 5 million people with HIV in South, South-East and East Asia combined.


“Although AIDS remains one of the world’s most serious health challenges, global solidarity in the AIDS response during the past decade continues to generate extraordinary health gains,” the report said.


It said this was due to “historic success” in bringing HIV programmes to scale, combined with the emergence of new combination drugs to prevent people from becoming HIV infected and from dying from AIDS.


Since 1995, AIDS drug treatment – known as antiretroviral therapy – has saved 14 million life-years in poorer countries, including 9 million in sub-Saharan Africa, the report said.


Some 8 million people were being treated with AIDS drugs by the end of 2011, a 20-fold increase since 2003. The U.N. has set a target to raise that to 15 million people by 2015.


Scientific studies published in recent years have shown that getting timely treatment to those with HIV can also cut the number of people who become newly infected with the virus.


UNAIDS said the sharpest declines in new HIV infections since 2001 were in the Caribbean and in sub-Saharan Africa – where new infections were down 25 percent in a decade.


Despite this, sub-Saharan Africa still accounted for 71 percent of people newly infected in 2011, underscoring the need to boost HIV prevention efforts in the region, UNAIDS said.


HIV trends are a concern in other regions also, it said.


Since 2001, the number of new HIV infections in the Middle East and North Africa was up more than 35 percent from 27,000 to 37,000, it said, and evidence suggests HIV infections in Eastern Europe and Central Asia began increasing in the late 2000s after being relatively stable for several years.


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World stocks fall after Greece aid delayed
















BANGKOK (AP) — World stock markets were mostly lower Wednesday after European Union officials held off on releasing a loan to debt-mired Greece and postposed further action until next week.


European finance ministers adjourned a meeting in Brussels without granting Greece the next installment of an emergency bailout loan that has been on hold for months. The €31.5 billion ($ 40 billion) loan is needed so Athens can pay its bills and avoid running out of cash.













Britain’s FTSE 100 fell 0.1 percent to 5,741.12. Germany‘s DAX lost 0.2 percent to 7,161.27. France‘s CAC-40 dropped 0.3 percent to 3,450.24.


Futures augured losses on Wall Street. Dow Jones industrial futures fell 0.1 percent to 12,746. S&P 500 futures lost 0.2 percent to 1,383.50.


The aid for Greece is being delayed until officials can resolve a dispute over whether to give Athens an extra two years to get to a point where it can independently raise funds on bond markets. Greece has been locked out of the international long-term debt market since 2010 and thus relies on rescue loans.


The reform program attached to the bailout was to steadily reduce Greece’s debt to 120 percent of its annual gross domestic product by a 2020 deadline. But some officials say the deadline may have been too ambitious and that Greece needs two more years.


Asia stocks were mixed. Japan‘s Nikkei 225 index rose 0.9 percent to close at 9,222.52, with export shares enjoying the benefits of a weakened yen.


Hong Kong‘s Hang Seng jumped 1.4 percent to 21,524.36. Mainland China‘s Shanghai Composite Index gained 1.1 percent to 2,030.32 while the smaller Shenzhen Composite Index advanced 1.1 percent to 808.


Peng Yunliang, an analyst based in Shanghai, said the gains were likely due to expectations that manufacturing data due to be released Thursday would point toward an improvement in the Chinese economy.


South Korea‘s Kospi fell 0.3 percent to 1,884.04. Australia‘s S&P/ASX 200 fell 0.4 percent at 4,369.50. Benchmarks in Thailand, New Zealand and Taiwan also were lower.


Among individual stocks, Japanese snack food maker Calbee dropped 4.3 percent after announcing the recall of millions of bags of potato chips due to possible contamination with glass fragments.


Benchmark oil for January delivery was up 24 cents at $ 86.99 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell $ 2.53 to close at $ 86.75 a barrel on Tuesday after signs that Israel and Hamas are close to putting a halt to fighting that has lasted nearly a week.


In currencies, the dollar rose to 82.18 yen from 81.71 yen late Tuesday in New York. The euro fell to $ 1.2778 from $ 1.2807.


___


AP researcher Fu Ting in Shanghai contributed.


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U.S. fiscal impact of great concern to Canada: Canada’s Harper
















TORONTO (Reuters) – Any fiscal problems that would significantly slow the U.S. economy would be of great concern to Canada, Canadian Prime Minister Stephen Harper said on Monday.


The United States needed a credible medium-term fiscal plan, Harper said at a business forum in Ottawa, adding that he was following the U.S. fiscal debate with “great interest.”













(Reporting by Solarina Ho)


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‘Trapped’ on Broadway? R. Kelly is working on it
















NEW YORK (AP) — Is Broadway ready for Twan, Sylvester, Pimp Lucius and “the package”? R. Kelly thinks so — and says he’s working to bring the wacky characters and plotlines in his even wackier “Trapped in the Closet” series to the Great White Way.


The superstar announced on Monday night that he’s had an offer to bring the cult classic to the stage, and he may even be in some performances.













“To transform it into a Broadway version, that’s what I’m working on,” he told a packed house at the Sunshine Theater, where he unveiled the latest chapters in “Trapped in the Closet,” which will debut on the IFC on Friday.


Kelly gave no other details about a possible Broadway adaptation of the wildly popular video opera. It got its start from a stirring series of songs Kelly debuted in 2005, which ended with a cliff-hanger. The songs captured so much attention, Kelly made an over-the-top video series about it that just got crazier and crazier as he added more chapters.


Kelly has often referred to “Trapped” as an alien, and on Monday, he said: “I’m glad to be one of the astronauts to take this thing to the unknown.”


He thanked the enthusiastic crowd for accepting the series, and admitted that he always wanted to act: “Somehow, I landed ‘Trapped in the Closet’ from being silly.”


He also joked about the ridiculous nature of the series.


“I’m just having a lot of fun. I don’t have a job so I sit in the studio all day and think of stuff to do and this is just something stupid I’ve done that’s been successful for me,” he said. “I’m having a lot of fun with it.”


The latest chapters introduce a few new faces, and like the others series, ends with a cliffhanger. While it’s taken Kelly five years to add these latest chapters to the series, Kelly says he won’t take as long to produce more.


“I want everybody to know I’ve got 85 chapters of ‘Trapped in the Closet’ waiting in the studio for y’all,” he said. “The chapters that are coming — the show, we call it — is going to exceed every chapter that you have ever seen.”


Kelly capped of the evening with a rendition of one of his biggest hits, “I Believe I Can Fly,” for the audience.


___


http://www.r-kelly.com


http://www.ifc.com


___


Nekesa Mumbi Moody is the AP’s Global Entertainment & Lifestyles Editor. Follow her at http://www.twitter.com/nekesamumbi


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