Thursday, January 19, 2012

Shares, euro up as China data soothes growth fears (Reuters)

TOKYO (Reuters) ? Asian shares and the euro rose on Tuesday as slightly better-than-expected Chinese economic growth data soothed investor worries that the euro zone debt crisis is dragging down the global economy.

Copper and other industrial metals, and commodity-linked currencies such as the Australian dollar, also advanced on signs European woes have not derailed the growth trend in the world's second largest economy, a giant importer of commodities.

China's gross domestic product grew at an annual rate of 8.9 percent in the fourth quarter, its weakest in 2- years and slowing from 9.1 percent in the previous quarter, but it beat expectations for a 8.7 percent rise.

"The slowdown is quite modest, and the overall situation of the Chinese economy is stable," said Hua Zhongwei, analyst with Huachuang Securities in Beijing. "According to our field studies, demand for heavy equipment and machinery is recovering, and that is a very good sign for the economy."

Materials (.MIAPJMT00PUS) and energy (.MIAPJEN00PUS) sectors led a 2 percent climb in the MSCI's broadest index of Asia Pacific shares outside Japan (.MIAPJ0000PUS). By region, Shanghai shares (.SSEC) rose more than 3 percent and Hong Kong (.HSI) shares added 2.2 percent, while shares in resource reliant Australia hit a five-week high.

Japan's Nikkei average (.N225) ended up 1 percent. (.T)

European shares were set to open higher, with financial spreadbetters forecasting Britain's FTSE 100 (.FTSE), Germany's DAX (.GDAXI) and France's CAC-40 (.FCHI) would open up around 0.4-0.7 percent.

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China GDP and exports: http://link.reuters.com/zeq95s

Package of ECB graphics: http://link.reuters.com/neg32s

Euro-zone sovereign ratings: http://r.reuters.com/maf75s

Global government yields: http://link.reuters.com/ser95s

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The euro rose 0.5 percent to $1.2730, moving away from its lowest since late August 2010 of $1.2624 hit on Friday. It also extended gains against the yen to 97.60 yen, having hit an 11-year low near 97 yen on Monday.

The Australian dollar extended its climb to a two-month high near $1.04. London copper rose 1.7 percent to around $8,230 a tonne while Brent crude oil gained above $112 a barrel.

A recovery in risk-taking sentiment warmed Asian credit markets, tightening spreads on the iTraxx Asia ex-Japan investment grade index by several basis points.

Recovery in risk appetite and the euro lifted spot gold up nearly 1 percent to around $1,660 an ounce.

Market focus had turned to economic data, shrugging off the latest move by Standard & Poor's to cut a top-notch credit rating on the euro zone's bailout fund, following mass downgrades late last week that stripped France and Austria of their prime AAA ratings.

EUROPE WEIGHS

Investor sentiment remained pressured by persistent concerns about Europe's ability to resolve its two-year-old debt crisis, with Greece struggling to break a deadlock on its debt-swap talks, keeping intact fears of a default.

The China data "is good news as it shows the economy hasn't slowed as much as feared by some," said Yiping Huang, chief economist for emerging Asia at Barclays Capital in Hong Kong.

"But we still have to watch out for risks, including the recession in Europe and China's domestic housing industry correction."

For Europe, market attention will likely switch to the latest ZEW survey due later on Tuesday on the health of the giant German economy.

A recovery in S&P 500 index futures, which began in mid-December as the euro eased against the dollar, shows that positive correlation between EUR/USD and equities is starting to erode, RBC Capital Markets said in a report.

"The key take-away here is that the 'risk on/risk off' dynamic may be starting to have less of an influence on markets, with pure 'fundamentals' becoming more relevant as the euro zone crisis is now infecting core markets," it said.

In the first test of investor appetite for French debt since the S&P rating downgrade, yields on French treasury bills eased marginally on Monday.

The euro zone faces further tests later in the week when

France and Spain offer longer-dated debts.

The cost of insuring Italian, Spanish and other euro zone government debt against default rose on the S&P ratings cuts, while a flight to safety pushed shorter-dated British government bond yields down on Monday.

(Additional reporting by Jane Lee in Kuala Lumpur; Editing by Alex Richardson)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20120117/bs_nm/us_markets_global

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Romney says he pays US taxes _ about 15 percent

Republican presidential candidate, former Massachusetts Gov. Mitt Romney campaigns at the Florence Civic Center in Florence, S.C., Tuesday, Jan. 17, 2012. (AP Photo/Charles Dharapak)

Republican presidential candidate, former Massachusetts Gov. Mitt Romney campaigns at the Florence Civic Center in Florence, S.C., Tuesday, Jan. 17, 2012. (AP Photo/Charles Dharapak)

Republican presidential candidate, former House Speaker Newt Gingrich is introduced at a campaign stop at the Florence Hospital Tuesday, Jan. 17, 2012, in Florence, S.C. (AP Photo/David Goldman)

White House Press Secretary Jay Carney speaks during his daily briefing, Tuesday, Jan. 17, 2012, in the Brady Briefing Room of the White House in Washington. (AP Photo/Haraz N. Ghanbari)

Republican presidential candidate, former Massachusetts Gov. Mitt Romney campaigns at the Florence Civic Center in Florence, S.C., Tuesday, Jan. 17, 2012. (AP Photo/Charles Dharapak)

Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks to reporters after campaigning at the Florence Civic Center in Florence, S.C., Tuesday, Jan. 17, 2012. (AP Photo/Charles Dharapak)

(AP) ? His wealth and taxes suddenly a campaign focus, Mitt Romney said Tuesday he pays an effective federal tax rate of about 15 percent. That's far less than if his earnings were wages rather than gains from investments and dividends, and the disclosure under pressure triggered a sharp response from the Democratic White House as well as one of his GOP presidential rivals.

Romney told reporters he also received money from speechmaking before he announced his presidential candidacy early last year "but not very much." He provided no details, but in his financial disclosure statement, released last August, he reported being paid $374,327.62 for such appearances for the 12 months ending last February.

That amount alone would place his income among the top 1 percent of all Americans, and Romney's description of it as a relatively small amount suggested his overall income was far higher.

It's well known that Romney's father was the chairman and president of American Motors, and he himself was a successful businessman and founder of Bain Capital, a private equity firm, where he earned millions. At the same time, his refusal to release his tax returns has been a persistent issue, and one that flared anew in a debate Monday night in which he grudgingly said he might release them in April.

On Tuesday, he said he would release at least one year's returns in April.

Republicans trying to defeat him in Saturday's South Carolina primary are hoping he'll make them public far sooner.

The White House, which expects Romney to win the Republican nomination and take on President Barack Obama this year, reacted, too.

Spokesman Jay Carney said: "This only illuminates what (Obama) believes is an issue, which is that everybody who's working hard ought to pay their fair share. That includes millionaires who might be paying an effective tax rate of 15 percent when folks making $50,000 or $75,000 or $100,000 a year are paying much more."

Newt Gingrich, the former House speaker who runs second in some polls in South Carolina, taunted the former Massachusetts governor: "I think we ought to rename our flat tax. We have a 15 percent flat tax, so this would be a Mitt Romney flat tax and all Americans would pay the rate" that he paid. Gingrich is expected to release his own returns on Thursday.

At 15 percent, Romney's federal income tax rate would still be higher than the rate paid by many Americans.

On average, households making between $50,000 and $75,000 will pay a federal income tax rate of 5.7 percent this year, according to projections by the Tax Policy Center, a Washington think tank.

However, when Social Security and other taxes are included, that same household would pay an average federal tax rate of 16.6 percent.

Overall, the average American household will pay 9.3 percent in federal income taxes? and 19.7 percent in all federal taxes.

Romney's wealth ? he is worth between $190 million and $250 million? puts him among the richest Americans. But if most of his income is from investments, it could help him to significantly lower his federal tax bill compared to people who make money in other ways.

While the top federal tax rate for investment income? qualified dividends and long-term capital gains ?is 15 percent, the top tax rate for wages is 35 percent on taxable income above $388,350. Wages are also subject to Social Security and Medicare payroll taxes, while investment earnings are not.

With unemployment high and the country still struggling to recover from the worst recession in decades, Obama's re-election campaign has signaled it intends to make income disparity a central part of this year's campaign.

Romney's remaining nomination foes emphasized in the debate in Myrtle Beach on Monday night that whatever vulnerabilities he might bring to a campaign against Obama, the party should know about them now.

Romney was asked about his taxes shortly before he left South Carolina for a high-dollar fundraiser in New York.

"What's the effective rate I've been paying? It's probably closer to the 15 percent rate than anything," Romney said. "Because my last 10 years, I've ? my income comes overwhelmingly from investments made in the past, rather than ordinary income or rather than earned annual income."

By his own account, Romney hasn't received a regular paycheck since 1999. That's when he left the private equity firm he founded, Bain Capital, where he became a multimillionaire. Most of Romney's taxable income comes from investing the fortune he made there. He donated income from his time running the Salt Lake City Olympics to charity.

He also told reporters Tuesday that he has donated the proceeds from the sale of his book, "No Apology," to charity.

Romney said in the Monday debate he probably would release returns because it's tradition.

"I have nothing in them that suggests there's any problem and I'm happy to do so," he said then. "I sort of feel like we're showing a lot of exposure at this point."

At the White House, Carney said that as a candidate in 2008, Obama released multiple years of tax records and has disclosed his returns annually since becoming president. He said George W. Bush and Bill Clinton did the same thing, as did "nominees for each party for years and years and years." In a jab at the Republican front-runner, he said Romney's father, George Romney, released his own returns when he ran for the White House in 1968.

Obama has called on Congress to let Bush-era tax cuts on upper income earners expire at the end of 2012. Romney is opposed, as are most if not all of the Republicans in Congress.

But the former Massachusetts governor has also come under pressure from some of his Republican rivals for recommending no change in the capital gains tax for anyone making more than $200,000 a year. Gingrich, for example, wants to abolish the capital gains tax.

In the debate Monday night, Texas Gov. Rick Perry insisted that Romney release his returns, saying that the party needs to fully scrutinize its nominee now instead of later.

___

Associated Press writer Stephen Ohlemacher contributed from Washington.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2012-01-17-US-Romney/id-96c10fb2820948ce9dbf7ee381053ad6

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Why Gay Parents May Be the Best Parents (LiveScience.com)

Gay marriage, and especially gay parenting, has been in the cross hairs in recent days.

On Jan. 6, Republican presidential hopeful Rick Santorum told a New Hampshire audience that children are better off with a father in prison than being raised in a home with lesbian parents and no father at all. And last Monday (Jan. 9), Pope Benedict called gay marriage a threat "to the future of humanity itself," citing the need for children to have heterosexual homes.

But research on families headed by gays and lesbians doesn't back up these dire assertions. In fact, in some ways, gay parents may bring talents to the table that straight parents don't.

Gay parents "tend to be more motivated, more committed than heterosexual parents on average, because they chose to be parents," said Abbie Goldberg, a psychologist at Clark University in Massachusetts who researches gay and lesbian parenting. Gays and lesbians rarely become parents by accident, compared with an almost 50 percent accidental pregnancy rate among heterosexuals, Goldberg said. "That translates to greater commitment on average and more involvement."

And while research indicates that kids of gay parents show few differences in achievement, mental health, social functioning and other measures, these kids may have the advantage of open-mindedness, tolerance and role models for equitable relationships, according to some research. Not only that, but gays and lesbians are likely to provide homes for difficult-to-place children in the foster system, studies show. (Of course, this isn't to say that heterosexual parents can't bring these same qualities to the parenting table.) [5 Myths About Gay People Debunked]

Adopting the neediest

Gay adoption recently caused controversy in Illinois, where Catholic Charities adoption services decided in November to cease offering services because the state refused funding unless the groups agreed not to discriminate against gays and lesbians. Rather than comply, Catholic Charities closed up shop.

Catholic opposition aside, research suggests that gay and lesbian parents are actually a powerful resource for kids in need of adoption. According to a 2007 report by the Williams Institute and the Urban Institute, 65,000 kids were living with adoptive gay parents between 2000 and 2002, with another 14,000 in foster homes headed by gays and lesbians. (There are currently more than 100,000 kids in foster care in the U.S.)

An October 2011 report by Evan B. Donaldson Adoption Institute found that, of gay and lesbian adoptions at more than 300 agencies, 10 percent of the kids placed were older than 6 ? typically a very difficult age to adopt out. About 25 percent were older than 3. Sixty percent of gay and lesbian couples adopted across races, which is important given that minority children in the foster system tend to linger. More than half of the kids adopted by gays and lesbians had special needs.

The report didn't compare the adoption preferences of gay couples directly with those of heterosexual couples, said author David Brodzinsky, research director at the Institute and co-editor of "Adoption By Lesbians and Gay Men: A New Dimension of Family Diversity" (Oxford University Press, 2011). But research suggests that gays and lesbians are more likely than heterosexuals to adopt older, special-needs and minority children, he said. Part of that could be their own preferences, and part could be because of discrimination by adoption agencies that puts more difficult children with what caseworkers see as "less desirable" parents.

No matter how you slice it, Brodzinsky told LiveScience, gays and lesbians are highly interested in adoption as a group. The 2007 report by the Urban Institute also found that more than half of gay men and 41 percent of lesbians in the U.S. would like to adopt. That adds up to an estimated 2 million gay people who are interested in adoption. It's a huge reservoir of potential parents who could get kids out of the instability of the foster system, Brodzinsky said.

"When you think about the 114,000 children who are freed for adoption who continue to live in foster care and who are not being readily adopted, the goal is to increase the pool of available, interested and well-trained individuals to parent these children," Brodzinsky said.

In addition, Brodzinsky said, there's evidence to suggest that gays and lesbians are especially accepting of open adoptions, where the child retains some contact with his or her birth parents. And the statistics bear out that birth parents often have no problem with their kids being raised by same-sex couples, he added.

"Interestingly, we find that a small percentage, but enough to be noteworthy, [of birth mothers] make a conscious decision to place with gay men, so they can be the only mother in their child's life," Brodzinsky said.

Good parenting

Research has shown that the kids of same-sex couples ? both adopted and biological kids ? fare no worse than the kids of straight couples on mental health, social functioning, school performance and a variety of other life-success measures.

In a 2010 review of virtually every study on gay parenting, New York University sociologist Judith Stacey and University of Southern California sociologist Tim Biblarz found no differences between children raised in homes with two heterosexual parents and children raised with lesbian parents.

"There's no doubt whatsoever from the research that children with two lesbian parents are growing up to be just as well-adjusted and successful" as children with a male and a female parent," Stacey told LiveScience.

There is very little research on the children of gay men, so Stacey and Biblarz couldn't draw conclusions on those families. But Stacey suspects that gay men "will be the best parents on average," she said.

That's a speculation, she said, but if lesbian parents have to really plan to have a child, it's even harder for gay men. Those who decide to do it are thus likely to be extremely committed, Stacey said. Gay men may also experience fewer parenting conflicts, she added. Most lesbians use donor sperm to have a child, so one mother is biological and the other is not, which could create conflict because one mother may feel closer to the kid.

"With gay men, you don't have that factor," she said. "Neither of them gets pregnant, neither of them breast-feeds, so you don't have that asymmetry built into the relationship."

The bottom line, Stacey said, is that people who say children need both a father and a mother in the home are misrepresenting the research, most of which compares children of single parents to children of married couples. Two good parents are better than one good parent, Stacey said, but one good parent is better than two bad parents. And gender seems to make no difference. While you do find broad differences between how men and women parent on average, she said, there is much more diversity within the genders than between them.

"Two heterosexual parents of the same educational background, class, race and religion are more like each other in the way they parent than one is like all other women and one is like all other men," she said. [6 Gender Myths Busted]

Nurturing tolerance

In fact, the only consistent places you find differences between how kids of gay parents and kids of straight parents turn out are in issues of tolerance and open-mindedness, according to Goldberg. In a paper published in 2007 in the American Journal of Orthopsychiatry, Goldberg conducted in-depth interviews with 46 adults with at least one gay parent. Twenty-eight of them spontaneously offered that they felt more open-minded and empathetic than people not raised in their situation.

"These individuals feel like their perspectives on family, on gender, on sexuality have largely been enhanced by growing up with gay parents," Goldberg said.

One 33-year-old man with a lesbian mother told Goldberg, "I feel I'm a more open, well-rounded person for having been raised in a nontraditional family, and I think those that know me would agree. My mom opened me up to the positive impact of differences in people."

Children of gay parents also reported feeling less stymied by gender stereotypes than they would have been if raised in straight households. That's likely because gays and lesbians tend to have more egalitarian relationships than straight couples, Goldberg said. They're also less wedded to rigid gender stereotypes themselves.

"Men and women felt like they were free to pursue a wide range of interests," Goldberg said. "Nobody was telling them, 'Oh, you can't do that, that's a boy thing,' or 'That's a girl thing.'"

Same-sex acceptance

If same-sex marriage does disadvantage kids in any way, it has nothing to do with their parent's gender and everything to do with society's reaction toward the families, said Indiana University sociologist Brian Powell, the author of "Counted Out:?Same-Sex Relations?and Americans' Definitions of Family" (Russell Sage Foundation, 2010).

"Imagine being a child living in a state with two parents in which, legally, only one parent is allowed to be their parent," Powell told LiveScience. "In that situation, the family is not seen as authentic or real by others. That would be the disadvantage."

In her research, Goldberg has found that many children of gay and lesbian parents say that more acceptance of gay and lesbian families, not less, would help solve this problem.

In a study published online Jan. 11, 2012, in the Journal of Marriage and Family, Goldberg interviewed another group of 49 teenagers and young adults with gay parents and found that not one of them rejected the right of gays and lesbians to marry. Most cited legal benefits as well as social acceptance.

"I was just thinking about this with a couple of friends and just was in tears thinking about how different my childhood might have been had same-sex marriage been legalized 25 years ago," a 23-year-old man raised by a lesbian couple told Goldberg. "The cultural, legal status of same-sex couples impacts the family narratives of same-sex families ? how we see ourselves in relation to the larger culture, whether we see ourselves as accepted or outsiders."

?You can follow LiveScience?senior writer Stephanie Pappas on Twitter @sipappas. Follow LiveScience for the latest in science news and discoveries on Twitter @livescience?and on Facebook.

Source: http://us.rd.yahoo.com/dailynews/rss/parenting/*http%3A//news.yahoo.com/s/livescience/20120116/sc_livescience/whygayparentsmaybethebestparents

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Wednesday, January 18, 2012

Giants ace Lincecum asks for $21.5 million (AP)

SAN FRANCISCO ? Giants ace Tim Lincecum asked for $21.5 million in salary arbitration Tuesday and was offered $17 million by the club.

The two-time NL Cy Young Award winner's request neared the record amount sought in arbitration. Houston pitcher Roger Clemens asked for $22 million in 2005.

San Francisco's offer was the highest in arbitration history, topping the $14.25 million the New York Yankees proposed for shortstop Derek Jeter in 2001.

"I'm overall optimistic that we'll find common ground without a hearing room," Bobby Evans, Giants vice president of baseball operations, said before seeing Lincecum's filing numbers. "It's a process that begins long before today in terms of conversations about possible deals that work for both sides. That process has continued in a mutual fashion. At this point we haven't reached a conclusion."

Also Tuesday, the Giants and slugger Pablo Sandoval agreed on a $17.15 million, three-year contract. The 25-year-old third baseman became an All-Star last season after losing nearly 40 pounds during a rigorous offseason regimen. He batted .315 with 23 home runs and 70 RBIs in 2011.

Lincecum, the winning pitcher in the Game 5 World Series clincher at Texas in 2010, earned $13.1 million last season when he completed a two-year deal worth $23.2 million.

San Francisco's front office would like to lock up the 27-year-old Lincecum and fellow starter Matt Cain with long-term deals. Lincecum seems set on keeping his options open in the near future on a shorter contract.

"We know we'll at least have a one-year deal," Evans said. "I can't really predict where it will end up. In this process your two parties are always filing to try to come to a midpoint. The negotiation is really about the midpoint."

With Lincecum earning a hefty contract, Evans joked, "I usually leave off the final three zeroes because it's easier to calculate."

If the past is any indication, the sides will do their best to reach agreement before spring training and before an arbitration hearing.

In February 2010, Lincecum agreed to a $23 million, two-year contract ahead of the scheduled hearing. He had been set at that time to ask for $13 million.

That last contract was quite a raise for the undersized, hard-throwing pitcher his teammates call "Franchise" and "Freak" after he earned $650,000 in 2009.

"We're looking at different player contracts that give us an idea where we think Tim should be," Evans said. "There is not ever a player that's exactly like the one you have. Ultimately there is only one guy that looks just like him."

Lincecum ? the 10th overall draft pick out of Washington in 2006 ? has been an All-Star in each of the past four seasons. He went 13-14 with a 2.74 ERA last year for his first losing record. The Giants scored no runs while he was in the game in seven of 33 starts, had one run six times and two runs five times, according to STATS LLC.

Also Tuesday, the Giants reached one-year agreements to avoid arbitration with outfielders Melky Cabrera and Nate Schierholtz and reliever Santiago Casilla.

Cabrera agreed to a $6 million deal.

San Francisco, which sold out every game in 2011 but missed the playoffs, will have a payroll of around $130 million.

"Obviously the revenue that has been generated by our ownership and the support of our fans here makes the payroll level we have possible," Evans said. "We don't take that for granted. We know that with that kind of payroll comes responsibility and expectation."

Source: http://us.rd.yahoo.com/dailynews/rss/sports/*http%3A//news.yahoo.com/s/ap/20120118/ap_on_sp_ba_ne/bbn_giants_lincecum

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Piers Morgan has eventful 1st year at CNN (AP)

BEVERLY HILLS, Calif. ? After replacing Larry King last January, it took only 11 days for Piers Morgan's vision of his show to collide with reality.

He was on a plane to Los Angeles with producer Jonathan Wald and as soon as they landed, both cell phones were buzzing with news of political upheaval in Egypt. Wald turned to Morgan and said, "You know, we were wondering when we were first going to go live. Tonight's the night."

So began an eventful year that saw Morgan revise the format of his prime-time show on the fly to emphasize more live interviews, sweat while waiting for Charlie Sheen to arrive for a live show, quit "America's Got Talent" and see his reputation dragged into a phone hacking scandal by journalists in his native Britain.

Through it all, he survived. Morgan may not have lived up to his initial brash boasts about burying the competition, but he didn't fail, either. "Piers Morgan Tonight" viewership was up 9 percent over King's final year, even more among youthful viewers. He marks his first anniversary this week with appearances by Chelsea Handler, Rosie O'Donnell and former President Jimmy Carter.

"It isn't as successful as I'd like it to be," he said in a recent interview. "I'd like to get the ratings significantly higher, and we believe there is a real opportunity this year to put the foot on the gas. But am I pleased with where we ended up after the first year? Yeah, actually, I am. It would be pretty churlish to be overly critical given that we've taken the ratings up."

Morgan's biggest threat came from his past. Before becoming a U.S. television personality, he edited two British tabloids, including Rupert Murdoch's shuttered News of the World, and was involved in questionable practices such as paying bribes to people at rival newspapers. Morgan insisted he never hacked into celebrity phones, ordered anyone to do so or knowingly ran a story based on hacking. No one proved otherwise in a government inquiry that included tense Morgan testimony by video-link in December.

Morgan called the inquiry annoying, less a distraction than "a visitation from the ghost of Christmas past."

"It made me laugh when people said CNN had no idea about my tabloid past," he said. "Of course, they did. The bottom line is, they asked me, `Is this going to be a problem?' and I said no. I said what it will be is a bit of a circus because there are plenty of people back in Britain who would love to drag me into stuff like this, and that's what they've tried to do."

Ken Jautz, executive vice president in charge of CNN U.S., said Morgan and his past were vetted by CNN before he was hired. He would not discuss the specifics of that effort, but noted that "in Piers' case, he has a longstanding and substantial public profile."

CNN believes Morgan has had a strong first year, and that despite his mention in the British tabloid stories his viewership has been growing in the United States, Jautz said.

Morgan figured CNN sought him out because of his celebrity interview program in Britain and planned to model his U.S. show largely on that, with the majority of his show being pre-taped chats with stars.

"I always think if you've been recruited based on a particular thing that you're doing, you tinker with that at your own peril," he said. "Anchoring a live news program wasn't something I'd done before. I wasn't sure I'd be good at it."

The Arab Spring, the devastating tsunami in Japan, deadly tornadoes and Osama bin Laden's killing all forced him to find out fast. The percentage of live vs. taped shows turned out the opposite of what he anticipated, and Morgan believes the show is better for it. It reached the point where one taped guest, Rod Stewart, had his show postponed so many times he sent Morgan a birthday gift with the message, "When are you going to air my (expletive) interview?"

Morgan considers his interview with Israeli Prime Minister Benjamin Netanyahu his most pivotal of the year because it put the former tabloid editor and talent show judge in a news context.

The ability to adjust on the fly is important, Jautz said. "The strongest hosts are the ones that have the skill sets and the willingness to be flexible," he said.

Kim Bondy, a former CNN producer who now teaches journalism at the University of New Orleans, said the jury is still out on whether Morgan's show will be a long-term success, and a lot is dependent on the shows around him.

But she said he has an engaging interview style. "He's got an ease to him," she said.

Morgan came into his job full of bluster, promising a "butt-kicking" to his rivals, bragging about making Simon Cowell cry in an interview and trying to start a feud with Madonna. It was, to a large degree, an act. Inside he had his doubts about whether American viewers would embrace his style.

"The enemy to me, I thought, was apathy," he said. "If people were going to be apathetic, I was dead in the water."

A year on the job has honed interviewing skills. "I try to be empathetic but I also try to be very direct," he said.

His most memorable celebrity interview was the live hour with Sheen during the madness that enveloped the actor after he was fired from "Two and a Half Men." The interview was booked, even as Morgan questioned Sheen's reliability. Five minutes before airtime, with Morgan in the studio sweating, Sheen arrived with his entourage. He left Morgan with a copy of one of his drug tests with the note: "To Piers, let's get hammered!"

He's learned to be more selective with celebrity interviews, noting the ratings suffer unless they are big stars, legends or the occasional up-and-comer such as Bruno Mars. He also stayed away from coverage of the Casey Anthony trial, figuring the short-term ratings bump he would receive from talking to the mother found not guilty of killing her daughter wouldn't be worth the damage to the show's reputation.

Wald, Morgan's producer, said he's hoping the show has fewer wild swings in content from night to night, shorter interviews and a greater chance for Morgan to show his personality.

An especially busy news day was key to Morgan's decision to leave NBC's "America's Got Talent." (Howard Stern is his replacement.) On that particular day, he spent an afternoon in Los Angeles judging contestants for the talent show competition, went to the roof of a building where CNN had specially set up a location for him to anchor a live show on the tsunami in Japan, and then went downstairs for another three hours of talent judging.

"Fun though that was, I knew this year would be busy," he said. "Do I really want to be in Florida on Super Tuesday judging dancing Christmas trees? That's the question, and the reality is I don't."

Source: http://us.rd.yahoo.com/dailynews/rss/entertainment/*http%3A//news.yahoo.com/s/ap/20120116/ap_en_ot/us_tv_piers_morgan

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Tuesday, January 17, 2012

Russian military says spacecraft debris falls in ocean (Reuters)

MOSCOW (Reuters) ? Pieces of a failed Russian Mars probe plummeted into the Pacific Ocean far off the Chilean coast Sunday, Russian news agencies cited a military official as saying.

Debris from the Phobos-Grunt craft fell into the sea some 1,250 km (775 miles) west of the coastal island of Wellington, state-run RIA and Itar-Tass cited Aerospace Defense Forces spokesman Colonel Alexei Zolotukhin as saying.

The spacecraft never made it out of Earth's orbit after its November launch on a rare interplanetary mission for Russia's struggling space program.

It was not immediately clear whether all the parts of the craft that did not burn up in the atmosphere had fallen in the same area.

RIA cited an unnamed source in a separate Russian military branch as saying ballistics experts calculated that debris could have fallen anywhere in a broad area centred on Brazil.

Russia's space agency Roskosmos had said debris from its doomed 14-ton craft, which included 11 tons of toxic rocket fuel, might fall in the Atlantic Ocean about midway between Brazil and West Africa.

Roskosmos and the military could not be reached for comment.

Due to constant changes in the upper atmosphere, which is strongly influenced by solar activity, the exact time and place of the probe's return had been unknown.

The $165-million spacecraft, designed to retrieve soil samples from the Martian moon Phobos, was meant to be Russia's first successful interplanetary mission in over two decades.

But it became stuck in orbit after a botched launch on November 9, and had since been slowly losing altitude due to gravity's pull.

SPACE JUNK

Experts said the falling space junk posed little risk, with the probe's aluminium fuel tank expected to burn up high in the atmosphere.

"If anyone gets to see it, it will be a fabulous show. I don't think there has been an explosion of such a large volume of fuel in space history," Igor Marinin, editor of a space journal published by Roskosmos, said earlier Sunday.

Some 20 to 30 small pieces of debris with a total weight of 200 kg (440 lb) could hit Earth, Roskosmos said, adding that a tiny radioactive cargo of Cobalt-57 was too small to cause harm.

One component likely to survive re-entry was a small return capsule specifically designed to crash-land back on Earth in 2014, mission scientist Alexander Zakharov said.

"This is the capsule that was meant to bring back samples from Phobos, it's disappointing," Zakharov said. "We're hoping Roskosmos will approve a new craft to accomplish this mission."

Phobos-Grunt was one of five botched launches last year that marred celebrations of the 50th anniversary of Yuri Gagarin's pioneering first human space flight and hurt Moscow's pride.

In an apparent attempt to deflect blame, Russia's space agency chief hinted last week that foreign sabotage might be the reason.

"I don't want to blame anyone, but there are very powerful means to interfere with spacecraft today whose use cannot be ruled out," Vladimir Popovkin told the daily Izvestia.

Stargazers watching for reentry included the Inter-Agency Space Debris Coordinating Committee, an offshoot of the United Nations Committee on the Peaceful Uses of Outer Space.

Under a U.N. space convention, Russia could be liable to pay compensation for any harm caused by bits of falling spacecraft.

In 1981, the Soviet Union paid Canada $3 million for the cost of cleaning up radioactive debris scattered in the crash of a Soviet nuclear-powered reconnaissance satellite, Kosmos 954.

When NASA's defunct Upper Atmosphere Research Satellite fell out of orbit in September, it showered debris into the Pacific Ocean. Germany's Rosat X-ray telescope re-entered a month later over the Bay of Bengal.

(Additional reporting by Steve Gutterman; editing by Philippa Fletcher)

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/nm/20120115/ts_nm/us_russia_spacecraft

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Monday, January 16, 2012

LightSquared's LTE hopes dashed by federal agency report

When it was first mooted that LightSquared's LTE technology might interfere with GPS equipment, the firm was quick to deny it. Since then, the company has tried to mitigate the issue, but the nine agencies making up the National Space-Based Positioning, Navigation and Timing Executive Committee (PNT ExComm) all agreed that the problems are real and any attempts at mitigation are futile. This comes only days after Sprint reneged on a resource sharing deal, issuing a further blow to the company's plans for a terrestrial network. LightSquared's reaction is naturally not a happy one, claiming that the testing process is not only flawed, but that the agencies have a bias in favor of the GPS industry. By our reasoning, this only leaves the stage of depression before final acceptance of the grief-ridden situation.

LightSquared's LTE hopes dashed by federal agency report originally appeared on Engadget on Sat, 14 Jan 2012 14:56:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/01/14/lightsquareds-lte-hopes-dashed-by-federal-agency-report/

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