"Cliff" concerns give way to earnings focus

NEW YORK (Reuters) - Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week.

Financial results, which begin after the market closes on Tuesday with aluminum company Alcoa , are expected to be only slightly better than the third-quarter's lackluster results. As a warning sign, analyst current estimates are down sharply from what they were in October.

That could set stocks up for more volatility following a week of sharp gains that put the Standard & Poor's 500 index <.spx> on Friday at the highest close since December 31, 2007. The index also registered its biggest weekly percentage gain in more than a year.

Based on a Reuters analysis, Europe ranks among the chief concerns cited by companies that warned on fourth-quarter results. Uncertainty about the region and its weak economic outlook were cited by more than half of the 25 largest S&P 500 companies that issued warnings.

In the most recent earnings conference calls, macroeconomic worries were cited by 10 companies while the U.S. "fiscal cliff" was cited by at least nine as reasons for their earnings warnings.

"The number of things that could go wrong isn't so high, but the magnitude of how wrong they could go is what's worrisome," said Kurt Winters, senior portfolio manager for Whitebox Mutual Funds in Minneapolis.

Negative-to-positive guidance by S&P 500 companies for the fourth quarter was 3.6 to 1, the second worst since the third quarter of 2001, according to Thomson Reuters data.

U.S. lawmakers narrowly averted the "fiscal cliff" by coming to a last-minute agreement on a bill to avoid steep tax hikes this weeks -- driving the rally in stocks -- but the battle over further spending cuts is expected to resume in two months.

Investors also have seen a revival of worries about Europe's sovereign debt problems, with Moody's in November downgrading France's credit rating and debt crises looming for Spain and other countries.

"You have a recession in Europe as a base case. Europe is still the biggest trading partner with a lot of U.S. companies, and it's still a big chunk of global capital spending," said Adam Parker, chief U.S. equity strategist at Morgan Stanley in New York.

Among companies citing worries about Europe was eBay , whose chief financial officer, Bob Swan, spoke of "macro pressures from Europe" in the company's October earnings conference call.

REVENUE WORRIES

One of the biggest worries voiced about earnings has been whether companies will be able to continue to boost profit growth despite relatively weak revenue growth.

S&P 500 revenue fell 0.8 percent in the third quarter for the first decline since the third quarter of 2009, Thomson Reuters data showed. Earnings growth for the quarter was a paltry 0.1 percent after briefly dipping into negative territory.

On top of that, just 40 percent of S&P 500 companies beat revenue expectations in the third quarter, while 64.2 percent beat earnings estimates, the Thomson Reuters data showed.

For the fourth quarter, estimates are slightly better but are well off estimates for the quarter from just a few months earlier. S&P 500 earnings are expected to have risen 2.8 percent while revenue is expected to have gone up 1.9 percent.

Back in October, earnings growth for the fourth quarter was forecast up 9.9 percent.

In spite of the cautious outlooks, some analysts still see a good chance for earnings beats this reporting period.

"The thinking is you need top line growth for earnings to continue to expand, and we've seen the market defy that," said Mike Jackson, founder of Denver-based investment firm T3 Equity Labs.

Based on his analysis, energy, industrials and consumer discretionary are the S&P sectors most likely to beat earnings expectations in the upcoming season, while consumer staples, materials and utilities are the least likely to beat, Jackson said.

Sounding a positive note on Friday, drugmaker Eli Lilly and Co said it expects profit in 2013 to increase by more than Wall Street had been forecasting, primarily due to cost controls and improved productivity.

(Reporting By Caroline Valetkevitch; Editing by Kenneth Barry)

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Colts, Ravens 0-0 after 1st quarter

BALTIMORE (AP) — The Indianapolis Colts and Baltimore Ravens were tied 0-0 after the first quarter of their AFC wild-card game.

A sloppy first quarter included one turnover by each team, and a tackle for loss by Ravens star linebacker Ray Lewis, which drew a huge ovation.

Lewis has announced he will retire when Baltimore's playoff run ends.

Pro Bowl kick returner Jacoby Jones got the Ravens going with a 34-yard punt runback down the left sideline. A 24-yard pass to Ed Dickson brought Baltimore close, but Ray Rice fumbled at the Colts 11.

Indianapolis then put together an impressive drive to the Baltimore 30 before Luck was stripped of the ball by Paul Kruger, the Ravens' leader in sacks. Pernell McPhee recovered, but Joe Flacco nearly threw an interception three plays later and the Ravens had to punt.

The visitors were introduced before the game as Chuck Pagano and the Indianapolis Colts, and the former Ravens defensive coordinator received warm applause from the fans. Pagano left before this season for Indianapolis, and missed 12 games while undergoing treatment for leukemia.

When a helmetless Lewis emerged from the tunnel during introductions, nearly everyone in M&T Bank Stadium stood and cheered his dance, cameras and cellphones taking photos of Baltimore's most popular player.

Colts offensive coordinator Bruce Arians was hospitalized with an undisclosed illness Sunday morning, and was not at the game. The team said he is doing well, and quarterbacks coach Clyde Christensen was calling the plays in Arians' absence.

Arians went 9-3 while taking over for Pagano.

___

Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL

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EPA fracking study may dodge some tough questions

PITTSBURGH (AP) — An ongoing U.S. Environmental Protection Agency study on natural gas drilling and its potential for groundwater contamination has gotten tentative praise so far from both industry and environmental groups.

Glenn Paulson, the EPA‘s science adviser, describes the project as “one of the most aggressive public outreach programs in EPA history.”

The final report won’t come out until late 2014. But a 275-page progress report was released in December and, for all its details, shows that the EPA doesn’t plan to address one contentious issue — how often drinking water contamination might occur.

Congress ordered the EPA to study the potential effects of hydraulic fracturing, or fracking, which entails blasting a mixture of water, sand and hazardous chemicals at underground shale to release the gas or oil captured in the rock.

As a gas rush surged in parts of the Marcellus Shale region that underlies Pennsylvania, New York, Ohio and West Virginia concerns arose for the watershed that provides drinking water for 17 million people from Philadelphia to New York City.

For the study, the EPA is talking to experts from the industry, the environmental community, and universities. It’s conducting its own research and using federal supercomputers to analyze the possibility of contamination.

In the report, the EPA describes what it is and isn’t studying. The agency also indicates its final report won’t provide a measurement of the likelihood of contamination — for example, once every 100,000 wells or once every 1,000.

The industry and many federal and state officials say fracking is safe when done properly, but environmental groups and some scientists contend the risk of contamination is too great.

Earthworks, an environmental group based in Washington, said it welcomes the EPA study but has concerns with plans not to include some probability of groundwater contamination in the final report.

The EPA had planned to do both computer simulations of water contamination and actual field tests at drilling sites. But the agency hasn’t found a drilling company to partner with to test groundwater around a drilling site. That leaves the computer simulations. But the EPA said those won’t be able to address the likelihood of contamination “occurring during actual field operations.”

“In its inability to find a single company willing to test water quality before and after drilling and fracking, the EPA is being thwarted in perhaps the most important part of its study of fracking’s impacts,” Earthworks said in a statement.

“Computer simulations are not enough,” Alan Septoff, a spokesman for Earthworks, said.

He said the EPA study and any future studies should consider the likelihood of water contamination.

The EPA did not immediately respond to requests for comment.

The progress report says the EPA is studying the possible impact on drinking water at several stages of the fracking process: when water is drawn from reservoirs or underground sources and used for fracking; when a chemical mix is injected into the ground to break up rock; when wastewater from fracking is disposed of; how the drilling wells and wastewater-storage wells are constructed; and the potential for toxic fluids to migrate from deep underground to near-surface drinking water supplies.

The American Petroleum Institute, an industry lobby based in Washington, said in a statement that the progress report “is just the first step in a multi-year research study.”

“More collaboration, continued transparency and stakeholder involvement are essential elements for any scientifically sound study, and we hope that the rest of this process remains open and any data released has the necessary context,” API policy adviser Stephanie Meadows said.

Despite its concerns, Earthworks described the EPA study as a positive step.

“It represents a step towards EPA’s first real scientific inquiry into the safety of fracking,” the group said.

___

Online:

http://www.epa.gov/hfstudy/

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Storm over Depardieu's 'pathetic' move

STORY HIGHLIGHTS

• Russian President Vladimir Putin has bestowed Russian citizenship on actor Gérard Depardieu


• For Depardieu, a public war of words erupted, with many in France disgusted by his move


• Depardieu more than anyone, represents the Gallic spirit, says Agnes Poirier


• Majority of French people disapprove of his action but can't help loving him, she adds

Agnes Poirier is a French journalist and political analyst who contributes regularly to newspapers, magazines and TV in the UK, U.S., France, Italy. Follow her on Twitter.

Paris (CNN) -- Since the revelation on the front page of daily newspaper Libération, on December 11, with a particularly vicious editorial talking about France's national treasure as a "former genius actor," Gérard Depardieu's departure to Belgium, where he bought a property just a mile from the French border, has deeply divided and saddened France. Even more so since, as we have learnt this week, Russian President Vladimir Putin has bestowed the actor Russian citizenship.

Back in mid-December, the French media operated along political lines: the left-wing press such as Libération couldn't find strong enough words to describe Depardieu's "desertion" while right-wing publications such as Le Figaro, slightly uneasy at the news, preferred to focus on President François Hollande's punishing taxes which allegedly drove throngs of millionaires to seek tax asylum in more fiscally lenient countries such as Belgium or Britain. Le Figaro stopped short of passing moral judgement though. Others like satirical weekly Charlie hebdo, preferred irony. Its cover featured a cartoon of the rather rotund-looking Depardieu in front of a Belgian flag with the headline: "Can Belgium take the world's entire load of cholesterol?" Ouch.

Quickly though, it became quite clear that Depardieu was not treated in the same way as other famous French tax exiles. French actor Alain Delon is a Swiss resident as is crooner-rocker Johnny Halliday, and many other French stars and sportsmen ensure they reside for under six months in France in order to escape being taxed here on their income and capital. Their move has hardly ever been commented on. And they certainly never had to suffer the same infamy.

Agnes Poirier

For Depardieu, a public war of words erupted. It started with the French Prime Minister Jean-Marc Ayrault, and many members of his government, showing their disdain, and talking of Depardieu's "pathetic move." In response the outraged actor penned an open letter to the French PM in which he threatened to give back his French passport.

The backlash was not over. Fellow thespian Phillipe Torreton fired the first salvo against Depardieu in an open letter published in Libération, insulting both Depardieu's protruding physique and lack of patriotism: "So you're leaving the ship France in the middle of a storm? What did you expect, Gérard? You thought we would approve? You expected a medal, an academy award from the economy ministry? (...)We'll get by without you." French actress Catherine Deneuve felt she had to step in to defend Depardieu. In another open letter published by Libération, she evoked the darkest hours of the French revolution. Before flying to Rome to celebrate the New Year, Depardieu gave an interview to Le Monde in which he seemed to be joking about having asked Putin for Russian citizenship. Except, it wasn't a joke.

In truth, French people have felt touched to their core by Depardieu's gesture. He, more than anyone, represents the Gallic spirit. He has been Cyrano, he has been Danton; he, better than most, on screen and off, stands for what it means to be French: passionate, sensitive, theatrical, and grandiose. Ambiguous too, and weak in front of temptations and pleasures.

In truth, French people have felt touched to their core by Depardieu's gesture. He, more than anyone, represents the Gallic spirit
Hugh Miles

For more than two weeks now, #Depardieu has been trending on French Twitter. Surveys have showed France's dilemma: half the French people understand him but there are as many who think that paying one's taxes is a national duty. In other words, a majority of French people disapprove of his action but can't help loving the man.

Putin's move in granting the actor Russian citizenship has exacerbated things. And first of all, it is a blow to Hollande who, it was revealed, had a phone conversation with Depardieu on New Year's Day. The Elysées Palace refused to communicate on the men's exchange. A friend of the actor declared that Depardieu complained about being so reviled by the press and that he was leaving, no matter what.

If, in their hearts, the French don't quite believe Depardieu might one day settle in Moscow and abandon them, they feel deeply saddened by the whole saga. However, with France's former sex symbol Brigitte Bardot declaring that she too might ask Putin for Russian citizenship to protest against the fate of zoo elephants in Lyon, it looks as if the French may prefer to laugh the whole thing off. Proof of this: the last trend on French Twitter is #IWantRussianCitizenship.

The opinions expressed in this commentary are solely those of Agnes Poirier.

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Tinley Park man charged in home invasion, assault

Booking photo of Gary M. Swiercz (Photo from Tinley Park police / January 6, 2013)

Staff report

12:23 p.m. CST, January 6, 2013

A 49-year-old Tinley Park man has been charged with attempted murder in connection with a Saturday morning home invasion in the southwest suburban community in which a woman was assaulted and beaten, police said.

Gary M. Swiercz, of the 8100 block of West 168^th Place, has been charged with attempted murder, home invasion, aggravated unlawful restraint, aggravated attempted criminal sexual assault, and residential burglary, according to a press release from the Tinley Park Police Department. He will appear in bond court today.

According to sources, Swiercz is a deputy fire chief in Chicago Ridge.

According to the release, police were called to the 8100 block of 168^th Place about 2:35 a.m. Saturday for a reported home invasion. A woman at that address said an unknown male, armed with a knife, had entered her condominium, forced her to the floor and beat her. After a struggle, he left the building.

Upon arriving at the scene, police said they found Swiercz, who matched the description of the suspect, in the condominium parking lot and took him into custody.

The female was treated for minor injuries at the scene, police said.

chicagobreaking@tribune.com

Twitter: @ChicagoBreaking

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Assad "peace plan" greeted with scorn by foes

BEIRUT (Reuters) - Syrian President Bashar al-Assad rejected peace talks with his enemies on Sunday in a defiant speech that his opponents described as a renewed declaration of war.

Although the speech was billed as the unveiling of a new peace plan, Assad offered no concessions and even appeared to harden many of his positions. He rallied Syrians for "a war to defend the nation" and disparaged the prospect of negotiations.

"We do not reject political dialogue ... but with whom should we hold a dialogue? With extremists who don't believe in any language but killing and terrorism?" Assad asked supporters who packed Damascus Opera House for his first speech since June.

"Should we speak to gangs recruited abroad that follow the orders of foreigners? Should we have official dialogue with a puppet made by the West, which has scripted its lines?"

It was his first public speech to an audience in six months. Since the last, rebels have reached the capital's outskirts.

George Sabra, vice president of the opposition National Coalition, told Reuters the peace plan Assad put at the heart of his speech did "not even deserve to be called an initiative":

"We should see it rather as a declaration that he will continue his war against the Syrian people," he said.

"The appropriate response is to continue to resist this unacceptable regime and for the Free Syrian Army to continue its work in liberating Syria until every inch of land is free."

The speech was seen by many as a response to U.N. mediator Lakhdar Brahimi, who has been meeting U.S. and Russian officials to try to narrow differences between Washington and Moscow over a peace plan. Brahimi also met Assad in Syria late last month.

"Lakhdar Brahimi must feel foolish after that Assad speech, where his diplomacy is dismissed as intolerable intervention," said Rana Kabbani, a Syrian analyst who supports the opposition.

The United States, European Union, Turkey and most Arab states have called on Assad to quit. Russia, which sells arms to and leases a naval base from Syria, says it backs a transition of power but that Assad's departure should not be a precondition for any talks.

REPETITIONS

Assad's foreign foes were scornful and dismissive of the speech: "His remarks are just repetitions of what he's said all along," said Turkish Foreign Minister Ahmet Davutoglu.

"It seems he's locked himself up in a room and only reads the intelligence reports presented to him."

British Foreign Secretary William Hague said "empty promises of reform fool no one". In a Twitter message, he added: "Death, violence and oppression engulfing Syria are of his own making."

EU foreign affairs chief Catherine Ashton said Brussels would "look carefully if there is anything new in the speech, but we maintain our position that Assad has to step aside and allow for a political transition".

The 47-year-old Assad, tall and mustachioed, in a business suit and tie, spoke confidently for about an hour before a crowd of cheering loyalists, who occasionally interrupted him to shout and applaud, at one point raising their fists and chanting: "With blood and soul we sacrifice for you, oh Bashar!"

At the end of the speech, supporters rushed to the stage, mobbing him and shouting: "God, Syria and Bashar is enough!" as a smiling president waved and was escorted from the hall past a backdrop showing a Syrian flag made of pictures of people whom state television described as "martyrs" of the conflict so far.

"We are now in a state of war in every sense of the word," Assad said in the speech, broadcast on Syrian state television. "This war targets Syria using a handful of Syrians and many foreigners. Thus, this is a war to defend the nation."

Independent media are largely barred from Damascus.

Giving the speech in the opera house, in a part of central Damascus that has been hit by rebel attacks, could be intended as a show of strength by a leader whose public appearances have grown rarer as the rebellion has gathered force.

Critics saw irony in the venue: "Assad speech appropriately made in Opera House!" tweeted Rami Khouri, a commentator for Lebanon's Daily Star newspaper. "It was operatic in its other-worldly fantasy, unrelated to realities outside the building."

DEATHS

The United Nations says 60,000 people have been killed in the civil war, the longest and bloodiest of the conflicts to emerge in two years of revolts in Arab states.

Rebels now control much of the north and east of the country, a crescent of suburbs on the outskirts of the capital and the main border crossings with Turkey in the north.

But Assad's forces are still firmly in control of most of the densely populated southwest, the main north-south highway and the Mediterranean coast. The army also holds military bases throughout the country from which its helicopters and jets can strike rebel-held areas with impunity, making it impossible for the insurgents to consolidate their grip on territory they hold.

Assad, an eye doctor, has ruled since 2000, succeeding his late father Hafez, who had seized power in a 1970 coup.

The rebels are drawn mainly from Syria's Sunni Muslim majority, while Assad, a member of the Alawite sect related to Shi'ite Islam, is supported by some members of religious minorities who fear retribution if he falls.

The conflict has heightened confrontation in the Middle East between Shi'ite Iran and Sunni Arab rulers, particularly those in the Gulf who are allied with the West against Tehran.

The plan unveiled in Sunday's speech could hardly have been better designed to ensure its rejection by the opposition. Among its proposals: rebels would first be expected to halt operations before the army would cease fire, a certain non-starter.

Assad also repeatedly emphasized rebel links to al Qaeda and other Sunni Islamist radicals. Washington has also labeled one of the main rebel groups a terrorist organization and says it is linked to the network founded by Osama bin Laden.

Diplomacy has been largely irrelevant so far in the conflict, with Moscow vetoing U.N. resolutions against Assad.

U.N. mediator Brahimi has been trying to bridge the gap, meeting senior U.S. and Russian officials to discuss his own peace proposal, which does not explicitly mention Assad's fate.

National Coalition spokesman Walid Bunni said Assad's speech appeared timed to prevent a breakthrough in those talks, by taking a position that could not be reconciled with diplomacy.

"The talk by Brahimi and others that there could be a type of political solution being worked out has prompted him to come out and tell the others 'I won't accept a solution'," Bunni said, adding that Assad feared any deal would mean his downfall.

(Additional reporting by Suleiman al-Khalidi in Amman, Gulsen Solaker in Ankara and Tim Castle in London; Writing by Peter Graff; Editing by Alastair Macdonald)

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"Cliff" concerns give way to earnings focus

NEW YORK (Reuters) - Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week.

Financial results, which begin after the market closes on Tuesday with aluminum company Alcoa , are expected to be only slightly better than the third-quarter's lackluster results. As a warning sign, analyst current estimates are down sharply from what they were in October.

That could set stocks up for more volatility following a week of sharp gains that put the Standard & Poor's 500 index <.spx> on Friday at the highest close since December 31, 2007. The index also registered its biggest weekly percentage gain in more than a year.

Based on a Reuters analysis, Europe ranks among the chief concerns cited by companies that warned on fourth-quarter results. Uncertainty about the region and its weak economic outlook were cited by more than half of the 25 largest S&P 500 companies that issued warnings.

In the most recent earnings conference calls, macroeconomic worries were cited by 10 companies while the U.S. "fiscal cliff" was cited by at least nine as reasons for their earnings warnings.

"The number of things that could go wrong isn't so high, but the magnitude of how wrong they could go is what's worrisome," said Kurt Winters, senior portfolio manager for Whitebox Mutual Funds in Minneapolis.

Negative-to-positive guidance by S&P 500 companies for the fourth quarter was 3.6 to 1, the second worst since the third quarter of 2001, according to Thomson Reuters data.

U.S. lawmakers narrowly averted the "fiscal cliff" by coming to a last-minute agreement on a bill to avoid steep tax hikes this weeks -- driving the rally in stocks -- but the battle over further spending cuts is expected to resume in two months.

Investors also have seen a revival of worries about Europe's sovereign debt problems, with Moody's in November downgrading France's credit rating and debt crises looming for Spain and other countries.

"You have a recession in Europe as a base case. Europe is still the biggest trading partner with a lot of U.S. companies, and it's still a big chunk of global capital spending," said Adam Parker, chief U.S. equity strategist at Morgan Stanley in New York.

Among companies citing worries about Europe was eBay , whose chief financial officer, Bob Swan, spoke of "macro pressures from Europe" in the company's October earnings conference call.

REVENUE WORRIES

One of the biggest worries voiced about earnings has been whether companies will be able to continue to boost profit growth despite relatively weak revenue growth.

S&P 500 revenue fell 0.8 percent in the third quarter for the first decline since the third quarter of 2009, Thomson Reuters data showed. Earnings growth for the quarter was a paltry 0.1 percent after briefly dipping into negative territory.

On top of that, just 40 percent of S&P 500 companies beat revenue expectations in the third quarter, while 64.2 percent beat earnings estimates, the Thomson Reuters data showed.

For the fourth quarter, estimates are slightly better but are well off estimates for the quarter from just a few months earlier. S&P 500 earnings are expected to have risen 2.8 percent while revenue is expected to have gone up 1.9 percent.

Back in October, earnings growth for the fourth quarter was forecast up 9.9 percent.

In spite of the cautious outlooks, some analysts still see a good chance for earnings beats this reporting period.

"The thinking is you need top line growth for earnings to continue to expand, and we've seen the market defy that," said Mike Jackson, founder of Denver-based investment firm T3 Equity Labs.

Based on his analysis, energy, industrials and consumer discretionary are the S&P sectors most likely to beat earnings expectations in the upcoming season, while consumer staples, materials and utilities are the least likely to beat, Jackson said.

Sounding a positive note on Friday, drugmaker Eli Lilly and Co said it expects profit in 2013 to increase by more than Wall Street had been forecasting, primarily due to cost controls and improved productivity.

(Reporting By Caroline Valetkevitch; Editing by Kenneth Barry)

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Saban: Alabama players must put aside 'clutter'

MIAMI (AP) — Two days after team leaders held a players-only meeting, Alabama coach Nick Saban says the Crimson Tide's performance in Monday's BCS championship against Notre Dame will show a lot about whether his players have put aside the "clutter" that comes with their success.

"You fight against human nature a little bit," Saban said Saturday at media day for the title game.

In the past, Saban has taken issue with the phrase "defending champions." He delivered a message of moving on to his players two days after winning last season's BCS title.

He said the gist was: "You guys are not the national champions."

"Other than making you a target," he said, "it doesn't do anything for you."

Alabama is still the target.

Tide players held the meeting because they wanted their teammates to get more focused in practice. Two freshmen linebackers — who aren't part of the playing rotation — were sent home Friday for curfew violations.

No. 2 Alabama is favored by more than a touchdown, which is OK with Fighting Irish coach Brian Kelly.

"Somebody's got to be an underdog," Kelly said during his turn at the podium. "Alabama's got the belt; they deserve to have the belt, and we've got to try to take it from them."

The Tide is seeking its third national title in four years. No. 1 Notre Dame has its own impressive collection but none since 1988.

Kelly hopes to reach that same level Saban has achieved, ensuring that this isn't a one-time opportunity.

"Your program is defined in consistency, and Alabama is that model," he said. "I concede to that. It's where we want to be. We want to be back here next year.

"There's been some commentators that talk about, 'Is Notre Dame for real?' Well, for me, we're for real because we're here. We've won all our games."

Kelly said he gets the vibe that his team is ready for Monday night. He says he doesn't want the "outside, perceived pressure to weigh heavily" on players.

Alabama players have been here and done this, including the hype and sometimes off-the-wall questions of what amounts to a downsized version of the Super Bowl media day.

"I mean, I think it's the media that makes the game so much bigger," Tide quarterback AJ McCarron said "Me personally, I think it's just another game.

"Yeah, you're playing for a national championship, but it's another football game. You know, the field is still 53 yards wide, 100 yards long. Still got to put the ball in the end zone to win the game. I don't really pay too much attention to the title of the game, I guess."

In other words, the label "BCS championship" is just more clutter.

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Laser Folds Tiny Origami for US Army

Lasers could help fire weapons or set off explosive warheads for the U.S. Army in the near future. That possibility comes from a lab demonstration of how a simple, handheld laser can fold tiny metallic structures in a style that mimics Japanese origami.

The demonstration suggests that similar systems could produce tiny grippers and switches that would act as mechanical components in small devices. The components could be used to detonate explosive or propellant material, attach identification transponder tags to clothing, or even enable a new generation of extremely tiny robots or electronic devices.

“We are enabling true microsystems, where all of the energy and functions are self-contained in a millimeter- or smaller-sized package,” said Christopher Morris, a researcher focused on micro-materials and devices at the U.S. Army Research Laboratory.

Army researchers became interested in the concept after seeing work that Johns Hopkins University had done in making micro devices for performing surgery. But the Army took the method a step farther by creating millimeter-sized structures that could be triggered by low-power lasers or even LED lighting.

The tiny structures act as mechanical hinges capable of folding along certain “stress” lines built into the layered metal. When a laser shines onto the structure, its energy softens a polymer “trigger” that normally prevents the hinges from folding.

A handheld laser operating on “eye-safe” levels could trigger the folding action from up to 3 feet away during testing detailed in the journal Applied Physics Letters and highlighted in the journal Nature Photonics.

Folding time ranged from 67 milliseconds to 21 seconds, depending on the wavelength and intensity of laser light, but larger structures required several minutes. The Army Research Laboratory takes about 20 hours to make a sheet of the millimeter-sized folding structures.

“Our hope is that new uses will spur from this basic scientific exploration of novel fabrication and self- assembly of materials, and will help future soldiers in ways they may not even see,” Morris said.

This story was provided by TechNewsDaily, sister site to LiveScience. Follow TechNewsDaily on Twitter @TechNewsDaily, or on Facebook.

Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Jail escapee appears in court, ordered held without bond

Chicago Tribune reporter Jason Meisner on the recent arrest of Kenneth Conley, a convicted bank robber who escaped from federal jail in December. (Posted on: Jan. 4, 2013.)

Escaped bank robber Kenneth Conley is being held in custody without bond after appearing in federal court this morning.

Conley, who was wheeled into court in a wheelchair, waived his right to a bond hearing and was ordered by U.S. District Magistrate Judge Sheila Finnegan to remain in federal custody without bond. A preliminary hearing is scheduled for 1 p.m. Jan. 17 in front of Judge Finnegan.

The maximum penalty for escape is five years in prison and a $250,000 fine, according to federal officials. The maximum penalty for bank robbery is 20 years in prison and a $250,000 fine.

The spectacular jailbreak — the first at the Metropolitan Correctional Center in almost 30 years — embarrassed federal authorities and seemed to be meticulously planned. Conley, 38, and Joseph "Jose" Banks, 37, rappelled to freedom using a rope fashioned from bedsheets. But like Banks, who was arrested two days after the escape in the North Side neighborhood where he was raised, Conley had no apparent plan for life on the run and was found holed up in an area where he had known ties.

Palos Hills police said a maintenance worker at a building in the 10200 block of South 86th Terrace called police about 3:30 p.m. to report the "suspicious person" who might be sleeping at the premises. Officers arrived to find a man walking down the street in an overcoat and pretending to use a cane. He appeared to be trying to look older than his actual age, police said.

"Our officers stopped to talk to him and he said he was just visiting," Deputy Chief James Boie told the Tribune. "He gave them a phony name, and while they're trying to run the information, he got wise that they were going to figure it out, and he pushed one of the officers down and took off running."

Boie said two additional officers responding to the scene caught Conley about a block away as he was trying to force his way into the Scenic Tree apartment complex, which is across the street from the police headquarters. He was wrestled down but did not offer any other resistance. Conley and one officer were taken to Palos Community Hospital for observation, he said.

Police found a BB pistol in Conley's pocket. He had no cash or other weapons, Boie said.

According to court records, Conley once lived in an apartment near the scene of his arrest. Boie said Conley was known to Palos Hills police because he'd had multiple resisting and obstructing arrests in 2004.

Conley, 38, was awaiting sentencing for a single bank holdup when authorities said he and Banks removed a cinder block from their cell wall and scaled down about 15 stories of the sheer wall of the jail, located at 71 W. Van Buren Street, early on Dec. 18.

The cellmates were last accounted for during a routine bed check, authorities said. About 7 a.m. the next day, jail employees arriving for work saw the bedsheets dangling from a hole in the wall down the south side of the facade.

The FBI said a surveillance camera a few blocks from the jail showed the two wearing light-colored clothing hailing a taxi at Congress Parkway and Michigan Avenue about 2:40 a.m. They also appeared to be wearing backpacks, according to the FBI.

A high-ranking employee in the facility told the Tribune last month that video surveillance had captured the men making their descent but that the guard who was supposed to be watching the video monitors for suspicious activity might have been called away on other duties.

In the hours after they were discovered missing, Conley and Banks were traced to the southwest suburbs where Conley's family lives.

A brother of Conley's who asked that his name not be printed told the Tribune last month that a short time after the escape, Conley and Banks arrived at the family home in Tinley Park pounding on the door. Conley came in looking frazzled, claiming he had been freed on bond, the brother said. He said their mother gave him a winter coat and turned him away.

Banks was arrested Dec. 20 after an informant led authorities to the home of a boyhood friend of Banks' in the 2300 block of North Bosworth Avenue, less than five miles from the jail.

Meanwhile, Conley tasted two more weeks of freedom but did not get much farther. His arrest was just over 21 miles from the downtown jail.

According to court records, Conley has a long criminal history. He has been convicted in Cook County of offenses ranging from retail theft to weapons violations and was sentenced to eight years in prison for an armed robbery in 1996. He also was sentenced to six years in prison in San Diego County for petty theft with a prior conviction, according to California records.

Less than a year after his parole in 2010, Conley robbed a bank in suburban Homewood of less than $4,000 cash, the heist that landed him in the federal lockup.

Conley's mother, Sandra, answered the phone at her Tinley Park home Friday and said she had heard of her son's arrest but had no details or comment.

"I'm just glad it's over. That's my only comment," she said.

asweeney@tribune.com

Twitter: @Annie1221

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