Stock index futures surge on fiscal deal






PARIS (Reuters) – Stock index futures pointed to a higher open on Wall Street on Wednesday after lawmakers passed a bill preventing huge tax hikes and spending cuts that had threatened to push the economy into recession.


Futures for the S&P 500 were up 1.7 percent, Dow Jones futures were up 1.2 percent and Nasdaq 100 futures up 1.3 percent at 1103 GMT.






The House of Representatives voted for a bill passed on Monday by the Senate that will raise taxes on wealthy individuals and families and preserve certain other benefits that will, together, soften some of the blow that would have been sustained without an agreement to avoid the “fiscal cliff.


(Reporting by Blaise Robinson; editing by Simon Jessop)


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UPDATE 7-Tennis-Auckland Classic women’s singles round 1 results






Jan 1 (Infostrada Sports) – Results from the Auckland Classic Women’s Singles Round 1 matches on Tuesday


2-Julia Goerges (Germany) beat Anastasija Sevastova (Latvia) 6-3 6-4






Marina Erakovic (New Zealand) beat Stephanie Dubois (Canada) 6-2 6-1


1-Agnieszka Radwanska (Poland) beat Greta Arn (Hungary) 6-2 6-2


8-Mona Barthel (Germany) beat Grace Min (U.S.) 6-1 6-3


6-Yaroslava Shvedova (Kazakhstan) beat Lara Arruabarrena Vecino (Spain) 6-3 6-2


Romina Oprandi (Switzerland) beat Nudnida Luangnam (Thailand) 6-0 6-2


Heather Watson (Britain) beat 5-Sorana Cirstea (Romania) 6-3 (Cirstea retired)


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Unreleased ‘BlackBerry X10′ QWERTY phone appears again in new photos









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Concern over Oscar voting extends deadline






LOS ANGELES (AP) — Growing concern that problems with the new electronic Oscar voting system could lead to record-low turnout has prompted the motion picture academy to extend the deadline for members to vote for Oscar nominations.


But next week’s highly anticipated announcements looming, the extension is only for a day, until Friday. The Academy of Motion Picture Arts and Sciences said Monday any votes received after the new deadline will not be counted.






“By extending the voting deadline we are providing every opportunity available to make the transition to online balloting as smooth as possible,” said the academy’s chief operating officer, Ric Robertson, in a statement. “We’re grateful to our global membership for joining us in this process.”


Reports of difficulty accessing the Oscars’ first-ever online voting system and fears that it could be hacked have raised questions about balloting for the 85th annual contest. Earlier this year, the academy and its longtime accountants, PricewaterhouseCoopers, partnered with the electronic voting firm Everyone Counts Inc. to develop the system.


“There’s considerable concern from many members that voter participation will be at record lows this year because the people who wanted to take a chance on this new cutting-edge system are either giving up on it or worried they won’t be able to cast their votes,” said Scott Feinberg, awards analyst and blogger for The Hollywood Reporter.


In the past, Oscar voting has been compiled strictly through paper ballots sent through the mail. The new system allows members to choose between voting online or sticking with a traditional mail-in ballot.


Morgan Spurlock, the documentary filmmaker whose 2004 film “Super Size Me” was nominated for best documentary, posted on Twitter last week that he wasn’t able to log on to vote electronically and his ballot was instead mailed to him.


“The password they sent didn’t work for my log-in — and they couldn’t email me a new log-in, only snail mail,” tweeted the 42-year-old director.


The academy said it has made several voting resources available to members, including assisted voting stations in Los Angeles, New York and London, and a 24-hour support line.


A spokesman for Everyone Counts didn’t immediately respond to a request seeking comment.


Besides online voting, a retooled nomination period could also affect the competition.


Organizers moved up the unveiling of the Oscar nominations to Jan. 10. That change puts the announcement three days before Hollywood‘s second-biggest awards ceremony, the Hollywood Foreign Press Association‘s Golden Globes, which are scheduled for Jan. 13.


Oscar overseers originally said the switcheroo would give the academy’s nearly 6,000 members more time to see nominated films before the Feb. 24 awards ceremony, but Feinberg of The Hollywood Reporter noted that the change gave voters less time to see potential contenders during the first phase of voting, when members decide on nominees.


“If the turnout is lower among older members, more traditional Oscar contenders will probably receive fewer votes, and otherwise edgier films that appeal more to younger people could fare better,” said Feinberg. “Because of the way that best-picture voting works, it could increase the chances of a movie like ‘The Master’ or ‘Moonrise Kingdom’ getting in.”


Ultimately, because of the inherent secrecy involved in selecting Oscar winners, Feinberg said it will be impossible to know what affects — if any — this year’s voting changes have on the ceremony, where as many as 10 films could be vying for the best-picture award.


___


Online:


http://www.oscars.org


___


Follow AP Entertainment Writer Derrik J. Lang on Twitter at http://www.twitter.com/derrikjlang.


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Clinton receiving blood thinners to dissolve clot






WASHINGTON (AP) — Doctors treating Secretary of State Hillary Rodham Clinton for a blood clot in her head said blood thinners are being used to dissolve the clot and they are confident she will make a full recovery.


Clinton didn’t suffer a stroke or neurological damage from the clot that formed after she suffered a concussion during a fainting spell at her home in early December, doctors said in a statement Monday.






Clinton, 65, was admitted to New York-Presbyterian Hospital on Sunday when the clot turned up on a follow-up exam on the concussion, Clinton spokesman Phillipe Reines said.


The clot is located in the vein in the space between the brain and the skull behind the right ear. She will be released once the medication dose for the blood thinners has been established, the doctors said.


In their statement, Dr. Lisa Bardack of the Mount Kisco Medical Group and Dr. Gigi El-Bayoumi of George Washington University said Clinton was making excellent progress and was in good spirits.


Clinton’s complication “certainly isn’t the most common thing to happen after a concussion” and is one of the few types of blood clots in the skull or head that are treated with blood thinners, said Dr. Larry Goldstein, a neurologist who is director of Duke University’s stroke center. He is not involved in Clinton’s care.


The area where Clinton’s clot developed is “a drainage channel, the equivalent of a big vein inside the skull. It’s how the blood gets back to the heart,” Goldstein said.


Blood thinners usually are enough to treat the clot and it should have no long-term consequences if her doctors are saying she has suffered no neurological damage from it, Goldstein said.


Clinton returned to the U.S. from a trip to Europe, then fell ill with a stomach virus in early December that left her severely dehydrated and forced her to cancel a trip to North Africa and the Middle East. Until then, she had canceled only two scheduled overseas trips, one to Europe after breaking her elbow in June 2009 and one to Asia after the February 2010 earthquake in Haiti.


Her condition worsened when she fainted, fell and suffered a concussion while at home alone in mid-December as she recovered from the virus. It was announced Dec. 13.


This isn’t the first time Clinton has suffered a blood clot. In 1998, midway through her husband’s second term as president, Clinton was in New York fundraising for the midterm elections when a swollen right foot led her doctor to diagnose a clot in her knee requiring immediate treatment.


Clinton had planned to step down as secretary of state at the beginning of President Barack Obama’s second term. Whether she will return to work before she resigns remained a question.


Democrats are privately if not publicly speculating: How might her illness affect a decision about running for president in 2016?


After decades in politics, Clinton says she plans to spend the next year resting. She has long insisted she had no intention of mounting a second campaign for the White House four years from now. But the door is not entirely closed, and she would almost certainly emerge as the Democrat to beat if she decided to give in to calls by Democratic fans and run again.


Her age — and thereby health — would probably be a factor under consideration, given that Clinton would be 69 when sworn in, if she were elected in 2016. That might become even more of an issue in the early jockeying for 2016 if what started as a bad stomach bug becomes a prolonged, public bout with more serious infirmity.


Not that Democrats are willing to talk openly about the political implications of a long illness, choosing to keep any discussions about her condition behind closed doors. Publicly, Democrats reject the notion that a blood clot could hinder her political prospects.


“Some of those concerns could be borderline sexist,” said Basil Smikle, a Democratic strategist who worked for Clinton when she was a senator. “Dick Cheney had significant heart problems when he was vice president, and people joked about it. He took the time he needed to get better, and it wasn’t a problem.”


It isn’t uncommon for presidential candidates’ health — and age — to be an issue. Both in 2000 and 2008, Sen. John McCain, R-Ariz., had to rebut concerns he was too old to be commander in chief or that his skin cancer could resurface.


Two decades after Clinton became the first lady, signs of her popularity — and her political strength — are ubiquitous.


Obama had barely declared victory in November when Democrats started zealously plugging Clinton as their strongest White House contender four years from now, should she choose to take that leap.


“Wouldn’t that be exciting?” House Democratic leader Nancy Pelosi declared in December. “I hope she goes. Why wouldn’t she?”


Even Republicans concede that were she to run, Clinton would be a force to be reckoned with.


“Trying to win that will be truly the Super Bowl,” Newt Gingrich, the former House Speaker and 2012 GOP presidential candidate, said in December. “The Republican Party today is incapable of competing at that level.”


Americans admire Clinton more than any other woman in the world, according to a Gallup poll released Monday — the 17th time in 20 years that Clinton has claimed that title. And a recent ABC News/Washington Post poll found that 57 percent of Americans would support Clinton as a candidate for president in 2016, with just 37 percent opposed. Websites have already cropped up hawking “Clinton 2016″ mugs and tote bags.


Beyond talk of future politics, Clinton’s three-week absence from the State Department has raised eyebrows among some conservative commentators who questioned the seriousness of her ailment after she canceled planned Dec. 20 testimony before Congress on the deadly attack on the U.S. diplomatic mission in Benghazi, Libya.


Clinton had been due to discuss with lawmakers a scathing report she had commissioned on the attack. It found serious failures of leadership and management in two State Department bureaus were to blame for insufficient security at the facility. Clinton took responsibility for the incident before the report was released, but she was not blamed. Four officials cited in the report have either resigned or been reassigned.


___


Associated Press writer Ken Thomas in Washington and AP Chief Medical Writer Marilynn Marchione in Milwaukee contributed to this report.


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US Senate approves key tax deal









President Obama said a larger deal could be accomplished “in several steps”



The US Senate has approved a deal to avert general tax hikes and spending cuts known as the “fiscal cliff”.


The bill, which raises taxes for the wealthy, came after lengthy talks between Vice-President Joe Biden and Senate Republicans.


The House is due to consider it later. Spending cuts have been delayed for two months to allow a wider agreement.


Congress missed the deadline to pass a bill, but few effects will be felt as Tuesday is a US public holiday.


Tax cuts approved during the presidency of George W Bush formally expired at midnight (05:00 GMT).


Without approval in the House, huge tax rises for virtually all working Americans will kick in automatically.


Analysts warned that if the full effects of the fiscal cliff were allowed to take hold, the resulting reduction in consumer spending could spark a new recession.


Continue reading the main story

Start Quote



American politicians certainly know how to take it to the wire – and just a little bit beyond”



End Quote



The compromise deal reached on Monday seeks to avoid this by extending the tax cuts for Americans earning under $ 400,000 (£246,000) – up from the $ 250,000 level Democrats had originally sought.


A huge spending cut that would see $ 1.2tn cut from the federal budget over 10 years has been deferred for two months, allowing Congress and the White House to reopen negotiations.


The Senate approved the compromise bill by 89-8. “If we do nothing, the threat of a recession is very real,” Senate Majority Leader Harry Reid, a Democrat, said. “Passing this agreement does not mean negotiations halt, far from it.”


In addition to the income tax rates and spending cuts, the package includes:


Continue reading the main story

What is the fiscal cliff?


  • On 1 January 2013, tax rises and huge spending cuts come into force – the so-called fiscal cliff

  • The deadline was put in place in 2011 to force the president and Congress to reach agreement on the budget over the next 10 years

  • Date coincides with expiry of Bush-era tax cuts

  • There are fear that raising taxes while massively cutting spending will have a huge impact on households and businesses

  • The fiscal squeeze could also push the US into recession, and have a global impact


• Rises in inheritance taxes from 35% to 40% after the first $ 5m for an individual and $ 10m for a couple


• Rises in capital taxes – affecting some investment income – of up to 20%, but less than the 39.6% that would prevail without a deal


• One-year extension for unemployment benefits, affecting two million people


• Five-year extension for tax credits that help poorer and middle-class families


Imperfect solution


President Barack Obama welcomed the Senate vote.


“Leaders from both parties in the Senate came together to reach an agreement that passed with overwhelming bipartisan support today that protects 98% of Americans and 97% of small business owners from a middle class tax hike,” he said in a statement.


Continue reading the main story

Press reaction


Jennifer Steinhauer in The New York Times writes: “The confusing struggle to head off a national fiscal crisis has made one thing crystal clear: The era of the Big Deal is over.”


In The Washington Post, David A Fahrenthold says:”The New Year’s Eve agreement between [Vice-President Joe] Biden and [Senate Minority Leader Mitch] McConnell provided a glimpse at the ways that personality quirks and one-to-one relationships can still change the course of Washington politics.”


The Wall Street Journal says: “The wider deal doesn’t do much to control the US’s long-term budget woes, which are driven largely by entitlement spending, especially on health care, left untouched in this agreement.”



“While neither Democrats nor Republicans got everything they wanted, this agreement is the right thing to do for our country and the House should pass it without delay.”


Senate Minority Leader Mitch McConnell, a Republican, said: “It took an imperfect solution to prevent our constituents from a very real financial pain, but in my view, it was worth the effort.”


The BBC’s Mark Mardell in Washington says many of the Republicans who dominate the House dislike the deal and may stand on their principle.


Speaker John Boehner said the House would consider the deal but left open the possibility of amending the Senate bill – which would spark another round of legislation.


“Decisions about whether the House will seek to accept or promptly amend the measure will not be made until House members… have been able to review the legislation,” Mr Boehner and other House Republican leaders said in a statement.


The current House can legislate until Wednesday, when it is replaced by a new chamber chosen during last November’s election.


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Canadian job creation seen sharply lower in December






OTTAWA (Reuters) – Canada‘s job market is expected to slow markedly in December to reflect the sluggish economy and employers’ fears about the U.S. fiscal crisis following outsized gains of over 50,000 jobs in two of the previous three months.


The median forecast in a Reuters poll is for the economy to add just 5,000 jobs in the month, with forecasts ranging from a loss of 20,000 positions to a gain of 21,000.






The forecast compares with employment growth of 59,600 in November, 1,800 in October and 52,100 in September.


The unemployment rate is seen ticking higher in the final month of the year to 7.3 percent from 7.2 percent.


Derek Holt, vice president of economics at Scotiabank, said he’s been surprised by the strength of job growth which he estimates to be the equivalent in the United States of about 1.5 million non-farm payroll jobs over the last three months.


“Here we are with the conundrum where we have zero growth in the Canadian economy, long predating the appearance of the greatest fiscal-cliff risks and yet we’re heaping on jobs like there’s no tomorrow,” Holt said.


Unlike the United States, Canada has long recovered all the jobs lost during the 2008-09 recession but the pace of hiring in 2012 was unsteady.


Benjamin Reitzes, economist at BMO Capital Markets, said if the 5,000-job forecast was accurate, it would put 2012 job growth at just 1.1 percent, “the weakest non-recession year since 1996.”


Canadian employers have faced uncertainty in one form or another during the recovery and are now fretting about the U.S. fiscal cliff, a set of tax hikes and spending cuts that will automatically take effect and could throw the United States into recession unless the White House and Congress reach an alternative agreement.


“For as long as Washington cannot agree on the new tax rules and spending focus, they’re not going to give business the confidence to go out and hire and engage in capital spending projects and that’s going to impede the pace of recovery until we get more clarity,” said Holt.


With the Canadian economy now expected to grow by far less in the fourth quarter than the Bank of Canada‘s projection of 2.5 percent, annualized, the blockbuster jobs growth of recent months looks suspect. The six-month trend shows more sustainable gains of about 21,000 a month.


The moderation means the Bank of Canada will be in no hurry to raise its benchmark interest rate, which it has held at 1.0 percent since September 2010.


Market players surveyed by Reuters in late November predicted the bank would resume hiking rates in the fourth quarter of 2013.


(Reporting by Louise Egan; Editing by Kenneth Barry)


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Top 5 Kids Apps: Best Games






1. Bugs and Bubbles


Ages 3-up Overall rating: 5 out of 5 stars Why we like it: Fun, fast and good for building emerging math skills, Bugs and Bubbles contains 18 leveled sorting, classification games set in Uncle Bob’s Bubble Factory. The goal is to collect stickers by harvesting bubbles, requiring kids to apply skills of counting, sorting and remembering patterns in an elegant fashion. Need to know: The better you do, the greater the challenge, and progress can be saved over time on different devices. Watch a video review of this app here. Ease of use: 10/10 Educational: 10/10 Entertaining: 10/10 $ 2.99


Click here to view this gallery.






[More from Mashable: 7 Bad Moves That Hurt Facebook in 2012]


Chris Crowell is a veteran kindergarten teacher and contributing editor to Children’s Technology Review, a web-based archive of articles and reviews on apps, technology toys and video games. Download a free issue of CTR here.


While you’re at the grownup table this holiday season, the kids could be eating their vegetables and sitting quietly — what’s more likely is they’ll be playing on their smart devices.


[More from Mashable: 40 Digital Media Resources You May Have Missed]


So we’ve rounded up the best 5 games that were included in this year’s Top 5 Kids Apps. All these games are not only a lot of fun, they’re also educational for your kids. The top game, Bugs and Bubbles, got 5 stars out of 5 for its perfect mix of entertainment and math teaching. There’s also room for pure fun with games like Build and Play and Rush Hour.


SEE ALSO: Mobile Apps Under Scrutiny: Is Your Kid’s Privacy at Risk?


Our friends at Children’s Technology Review shared with us these 5 top apps from their comprehensive monthly database of kid-tested reviews. The site covers everything from math and counting to reading and phonics.


Check back next week for more Top Kids Apps from Children’s Technology Review


Photo via Christopher Furlong/Getty Images


This story originally published on Mashable here.


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Kanye West, Kim Kardashian expecting 1st child






ATLANTIC CITY, N.J. (AP) — A kid for Kimye: Kanye West and Kim Kardashian are expecting their first child.


The rapper announced at a concert Sunday night that his girlfriend is pregnant. He told the crowd of more than 5,000 at Revel Resort‘s Ovation Hall in song form: “Now you having my baby.”






The crowd roared. And so did people on the Internet.


The news instantly went viral on Twitter and Facebook, with thousands posting and commenting on the expecting couple.


Most of the Kardashian clan also tweeted about the news, including Kim’s sisters and mother. Kourtney Kardashian wrote: “Another angel to welcome to our family. Overwhelmed with excitement!”


West, 35, also told concertgoers to congratulate his “baby mom” and that this was the “most amazing thing.”


Representatives for West and Kardashian, 32, didn’t immediately respond to emails about the pregnancy.


The rapper and reality TV star went public in March.


Kardashian married NBA player Kris Humphries in August 2011 and their divorce is not finalized.


West’s Sunday night show was his third consecutive performance at Revel. He took the stage for nearly two hours, performing hits like “Good Life,” ”Jesus Walks” and “Clique” in an all-white ensemble with two band mates.


___


AP Writer Bianca Roach contributed to this report.


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Recess ‘Crucial’ for Kids, Pediatricians’ Group Says






Kids aren’t getting enough recess at school, the country’s top pediatricians‘ group said in a new policy statement released Monday.


The statement by the American Academy of Pediatrics is the latest salvo in the long-running debate over how much of a young child’s time at school should be devoted to academics — and how much should go to free, unstructured playtime.






The authors of the policy statement write that the AAP “believes that recess is a crucial and necessary component of a child’s development and, as such, it should not be withheld for punitive or academic reasons.”


“The AAP has, in recent years, tried to focus the attention of parents, school officials and policymakers on the fact that kids are losing their free play,” said the AAP’s Dr. Robert Murray, one of the lead authors of the statement. “We are overstructuring their day. … They lose that creative free play, which we think is so important.”


The statement, which cites two decades worth of scientific evidence, points to the various benefits of recess. While physical activity is among these, so too are some less obvious boons such as cognitive benefits, better attention during class, and enhanced social and emotional development.


Pediatricians not directly involved with the drafting of the statement applauded the AAP’s move to save recess.


“It fascinates me … that this continues to be a debate,” said Dr. Barrett Fromme, associate professor of pediatrics at the University of Chicago. “The business world repeatedly lauds the corporate culture of companies like Google who offer opportunities for play and community collaboration, and suggests that such culture is the reason for the success and happiness of its employees. Yet, we do not encourage the same culture in our children who are at a far more critical developmental period.”


“This policy statement is not only important because of the physical, but also the cognitive ability of our children,” said Dr. Shari Barkin, director of the Division of General Pediatrics and of pediatric obesity research at the Vanderbilt University School of Medicine. “This policy has created a thoughtful, comprehensive look at what is to be gained by coming back to an emphasis on physical activity and recess.”


Research Supports Benefits of Unstructured Playtime for Kids


A considerable body of research appears to support the AAP’s stand on the issue. Among this research is a study of 11,000 third-graders that appeared in the journal Pediatrics in 2009. This study found that kids who had little or no recess tended to behave worse in class and learn less than children who had at least 15 minutes of recess per day.


A 2009 Gallup poll of nearly 2,000 principals and other high-level administrators in the elementary school setting appeared to back up this finding; it found that more than eight in 10 principals believed that recess helped boost academic achievement.


“The science indicates that these kinds of breaks in the day for recess are necessary for cognitive processing,” Murray said.


Yet, various studies in recent years have revealed the erosion of this school staple. In most cases, research finds that elementary school children are getting some — but not much — unstructured recess time.


For example, according to 2005 numbers from the National Center for Education Statistics, only 7 to 13 percent of public elementary schools had no scheduled recess for children. From a relative standpoint, that’s the good news. But this same report also found that “the percentage of public elementary schools that had more than 30 minutes per day of recess ranged from 19 to 27 percent across elementary grades.”


Another study in 2005, published in the journal Childhood Education, found that up to 40 percent of the country’s school districts have either cut back recess or eliminated it in favor of additional academic activities.


Despite these trends, Murray said, many are not even aware that kids’ recess time had been dwindling.


“Most of the time when I talk about this issue with people, pediatricians and parents alike, they’re shocked that there is even an erosion of recess,” he said.


Murray said at least some of the explanation for this trend lies at the feet of policymakers’ best intentions to improve the country’s schools — specifically, the No Child Left Behind Act. The program launched in 2002 to increase children’s performance in such areas as math and reading, and effectively increased the amount of school time devoted to these subjects. As a necessary consequence, this forced cutbacks in time devoted to other school activities: art and music instruction — and, most dramatically, unstructured recess time.


“As schools are evaluated more and more on science and math scores, they have looked for opportunities to get more academic time in,” Murray said. “Some of the other [subjects and activities] have definitely taken a hit.”


It is a sacrifice, Fromme said, that deserves a second look.


“Though the argument that more time needs to be spent in teaching essential academic topics is valid, the time should not be taken from recess,” Fromme said. “The argument needs to be how to optimize the time that is spent in the classroom, and recess is part of that answer.


“Which is more effective: 60 minutes in class with half the attention, or 45 minutes with 100 percent focus? If recess can create the latter, then its existence is actually more valuable than its absence.”


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