Golden Globes: Fey, Poehler shine; 'Les Miz,' 'Argo' win big

Chicago Tribune film critic Michael Phillips on the 2013 Golden Globes. (Posted Jan. 14th, 2013)









Hosting the 70th Golden Globes Sunday in Beverly Hills, Tina Fey and Amy Poehler proved it was possible to skewer their Hollywood colleagues without entirely alienating the crowd, as distinct from previous host Ricky Gervais.


Some 20 years after Fey and Poehler first met as improvisers at the Chicago comedy hub i.O. Theater, the pair were relaxed, funny and fully in control as they took in a room filled with the biggest stars of films “that have only been in theaters for two days,” and “the rat-faced people of television.”


Aside from their opening monologue, however, Fey and Poehler popped up only intermittently throughout the NBC broadcast.








The show — which included a rambling and unwieldy speech by lifetime achievement award winner Jodie Foster and a surpise win for “Argo” as best picture and Ben Affleck as best director — could have used their spikey interjections to give a discombobulated night a stronger throughline.


But the co-hosts' bits right at the top were pure gold. Referring to the controversy surrounding the depiction of torture in “Zero Dark Thirty,” Poehler teed up a joke that probably came closest to Gervais-level comedic bite, noting of director Kathryn Bigelow: “I haven't been following the controversy … but when it comes to torture, I trust the lady who spent three years married to James Cameron,” a line that prompted a shocked laugh from “Zero Dark” star (and best actress winner) Jessica Chastain.


Fey aimed her own zinger toward “Django Unchained” filmmaker Quentin Tarantino (a winner for best screenplay), whom she called “the star of all my sexual nightmares,” and then looked over at “Les Miserables” co-star Anne Hathaway (best actress in a film comedy or musical) and remarked, “I have not seen someone totally alone and abandoned (as Hathaway's ‘Miserables' character, Fantine) since you were onstage with James Franco hosting the Oscars.” Poehler noted a significant absence in the audience Sunday: “Meryl Streep is not here tonight because she has the flu — and I hear she's amazing in it.”


On the red carpet earlier in the night, Fey and Poehler stressed that their own nominations were the least of their concerns, and when their names were announced as nominess, Fey jokingly gritted her teeth with Jennifer Lopez by her side, while Poehler snuggled up to George Clooney. Neither won. The honor went to “Girls” creator and star Lena Dunham, who thanked her fellow nominees “for getting me through middle school.” (“Girls” also won for best comedy television series.) As a follow-up, Fey and Poehler appeared on stage, drinks in hand, disconsolate. “Glad we got you through middle school, Lena,” said Fey, who then directed her attention towards singer Taylor Swift: “You stay away from Michael J. Fox's son,” she instructed. “Or go for it,” added Poehler.


In TV, the big winner was “Homeland,” which was named best drama. The Showtime drama also notched acting wins for stars Damian Lewis and Claire Danes, echoing their Emmy wins. That came as no surprise — unlike Don Cheadle's win (over the likes of Alec Baldwin, Jim Parsons and Louis C.K.) for his role in “House of Lies,” also on Showtime.


In the movie categories, Jennifer Lawrence (“Silver Linings Playbook”) toppled Streep, Maggie Smith and Judi Dench in winning best actress in a comedy or musical, accepting her award with a sly wink at noted awards-season campaigner and movie mogul Harvey Weinstein: “Harvey, thank you for killing whoever you had to kill to get me up here today.” Best supporting actor honors went to Christoph Waltz as the German bounty hunter in “Django Unchained.”


Former President Bill Clinton made an unexpected appearance to introduce the clips from “Lincoln,” a film that depicts a commander in chief pushing a bill through Congress with the help of some unsavory deal-making. “I wouldn't know anything about that,” joked Clinton. Poehler then followed him onstage and exclaimed, “Oh my God, that's Hillary Clinton's husband!” Daniel Day-Lewis won best actor for his performance in “Lincoln,” as well.


Some lighter moments shone: Hilariously, presenters Kristen Wiig and Will Ferrell pretended to have seen each of the movies nominated, when clearly they hadn't, a bit that amused most in the audience — with the exception of a stone-faced Tommy Lee Jones. Upon her win, Hathaway clutched her Golden Globe and said, “Thank you for this lovely, blunt object” that she would forevermore use “as a weapon against self-doubt.” (Previous Golden Globe winner Richard Dreyfuss later Tweeted: “Lovely blunt objects make only OK weapons against self-doubt. #goldenglobes #trustme.”)


Michael Haneke, the Austrian filmmaker whose “Amour” won for Best Foreign Film, was awarded the prize by Arnold Schwarzenegger. “I never thought I would get an award in Hollywood from an Austrian,” he said.


Smith (not in attendance) won for best supporting actress in a TV series as the droll dowager countess on the PBS hit “Downton Abbey.”


The best surprise reaction early on had to be from pop star Adele. Winning best original song for the theme to the James Bond film “Skyfall,” she admitted she'd come to the awards with a fellow new mom, both eager for a night out: “We've been (wetting) ourselves laughing,” she said. Wrapping up the night, Poehler announced: “We're going home with Jodie Foster.”





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Syria war envelops region in "staggering" crisis: aid agency


BEIRUT (Reuters) - Syria's civil war is unleashing a "staggering humanitarian crisis" on the Middle East as hundreds of thousands of refugees flee violence including gang rape, an international aid agency said on Monday.


Opposition activists said an air strike on rebel-held territory southwest of Damascus killed 20 people, including women and children, adding to the more than 60,000 people estimated to have been killed in the 21-month-old conflict.


Over 600,000 Syrians have fled abroad - many to neighboring Turkey, Lebanon and Jordan - as violence has spread and international efforts to find a political solution have sagged.


Refugees interviewed by the International Rescue Committee (IRC) cited sexual violence as a major reason they fled the country, the New York-based organization said in a 23-page report on the crisis published on Monday.


Gang rapes often happened in front of family members and women had been kidnapped, raped, tortured and killed, it said.


"After decades of working in war and disaster zones, the IRC knows that women and girls suffer physical and sexual violence in every conflict. Syria is no exception," the group added.


Rebels and government forces have both been accused of human rights abuses during the conflict, which began with peaceful protests against President Bashar al-Assad in March 2011.


The unrest turned violent after government forces fired on demonstrators and has since become a full-scale civil war.


Fierce winter weather has worsened the plight of hundreds of thousands of refugees. The IRC urged donors to step up planning and funding in the expectation that more Syrians will flee.


"Nearly two years into Syria's civil war, the region faces a staggering humanitarian disaster," the IRC report said.


AIR POWER


Despite advancing in Syria's north and east and winning support from regional powers like Turkey and Saudi Arabia, the Syrian rebels have been unable to break a military stalemate with government forces elsewhere.


They have struggled to counter government air power in particular, making it hard for them to take and hold territory crucial to Assad's grip on power, including major cities.


An activist in Moadamiyeh, a rebel-held town southwest of Damascus, said an air strike there killed 20 people on Monday.


Activist video footage showed images of the limp body of a boy being pulled out from broken concrete, his back covered in dust and his front in blood.


The Syrian Observatory for Human Rights, a Britain-based monitoring group, said at least 13 people had died in the air raid but the toll was likely to rise.


Syrian state television said "terrorists" - its word for rebels - had fired a mortar from the Damascus suburb of Daraya on a civilian building in Moadamiyeh, killing women and children.


The reports could not be independently verified because of government restrictions on independent media in Syria.


Syrian warplanes also bombarded the strategic Taftanaz air base that rebels seized last week, the Observatory said.


In another sign of escalating bloodshed, Human Rights Watch said it had evidence that government forces had used multi-barrel rocket launchers to deliver Egyptian-made cluster munitions in recent attacks.


"Syria is escalating and expanding its use of cluster munitions, despite international condemnation of its embrace of this banned weapon," it said.


DEADLOCK


Syria's rising death toll has brought international intervention no closer. The United States and Russia have been deadlocked over how to resolve the crisis.


Moscow - which has continued to back its long-standing ally and arms client Assad - urged the opposition on Sunday to make its own proposals in response to a speech by Assad a week ago.


The speech, which offered no concessions, was criticized by the United Nations and United States. Syrian rebels described it as a renewed declaration of war.


Talks between Russia and the United States in Geneva on Friday failed to produce a breakthrough.


As diplomatic efforts have stalled, the conflict has continued to draw in Syria's neighbors.


A mortar round apparently fired from Syria crashed in a field in Turkey overnight close to a refugee camp housing thousands of Syrians along the border, Turkish state media said.


NATO troops have begun deploying Patriot defense missiles in Turkey against a potential attack from its southern neighbor. The missiles are expected to be operational by the end of the month. Turkey is a strong supporter of the Syrian rebels.


NATO said Syrian government forces had launched a short-range, Scud-style ballistic missile on Sunday, bringing to more than 20 the number launched in the past month.


The missiles, apparently fired against opposition targets, landed in Syrian territory, mostly in northern Syria, a NATO spokeswoman said in Brussels, but some of the missiles landed "quite close" to the Turkish frontier.


(Additional reporting by Laila Bassam in Beirut and Adrian Croft in Brussels; Writing by Alexander Dziadosz; Editing by Mark Heinrich)



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Wall Street Week Ahead: Attention turns to financial earnings

NEW YORK (Reuters) - After over a month of watching Capitol Hill and Pennsylvania Avenue, Wall Street can get back to what it knows best: Wall Street.


The first full week of earnings season is dominated by the financial sector - big investment banks and commercial banks - just as retail investors, free from the "fiscal cliff" worries, have started to get back into the markets.


Equities have risen in the new year, rallying after the initial resolution of the fiscal cliff in Washington on January 2. The S&P 500 on Friday closed its second straight week of gains, leaving it just fractionally off a five-year closing high hit on Thursday.


An array of financial companies - including Goldman Sachs and JPMorgan Chase - will report on Wednesday. Bank of America and Citigroup will join on Thursday.


"The banks have a read on the economy, on the health of consumers, on the health of demand," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.


"What we're looking for is demand. Demand from small business owners, from consumers."


EARNINGS AND ECONOMIC EXPECTATIONS


Investors were greeted with a slightly better-than-anticipated first week of earnings, but expectations were low and just a few companies reported results.


Fourth quarter earnings and revenues for S&P 500 companies are both expected to have grown by 1.9 percent in the past quarter, according to Thomson Reuters I/B/E/S.


Few large corporations have reported, with Wells Fargo the first bank out of the gate on Friday, posting a record profit. The bank, however, made fewer mortgage loans than in the third quarter and its shares were down 0.8 percent for the day.


The KBW bank index <.bkx>, a gauge of U.S. bank stocks, is up about 30 percent from a low hit in June, rising in six of the last eight months, including January.


Investors will continue to watch earnings on Friday, as General Electric will round out the week after Intel's report on Thursday.


HOUSING, INDUSTRIAL DATA ON TAP


Next week will also feature the release of a wide range of economic data.


Tuesday will see the release of retail sales numbers and the Empire State manufacturing index, followed by CPI data on Wednesday.


Investors and analysts will also focus on the housing starts numbers and the Philadelphia Federal Reserve factory activity index on Thursday. The Thomson Reuters/University of Michigan consumer sentiment numbers are due on Friday.


Jim Paulsen, chief investment officer at Wells Capital Management in Minneapolis, said he expected to see housing numbers continue to climb.


"They won't be that surprising if they're good, they'll be rather eye-catching if they're not good," he said. "The underlying drive of the markets, I think, is economic data. That's been the catalyst."


POLITICAL ANXIETY


Worries about the protracted fiscal cliff negotiations drove the markets in the weeks before the ultimate January 2 resolution, but fear of the debt ceiling fight has yet to command investors' attention to the same extent.


The agreement was likely part of the reason for a rebound in flows to stocks. U.S.-based stock mutual funds gained $7.53 billion after the cliff resolution in the week ending January 9, the most in a week since May 2001, according to Thomson Reuters' Lipper.


Markets are unlikely to move on debt ceiling news unless prominent lawmakers signal that they are taking a surprising position in the debate.


The deal in Washington to avert the cliff set up another debt battle, which will play out in coming months alongside spending debates. But this alarm has been sounded before.


"The market will turn the corner on it when the debate heats up," Prudential Financial's Krosby said.


The CBOE Volatility index <.vix> a gauge of traders' anxiety, is off more than 25 percent so far this month and it recently hit its lowest since June 2007, before the recession began.


"The market doesn't react to the same news twice. It will have to be more brutal than the fiscal cliff," Krosby said. "The market has been conditioned that, at the end, they come up with an agreement."


(Reporting by Gabriel Debenedetti; editing by Rodrigo Campos)



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Falcons lead Seattle 10-0 after 1 quarter


ATLANTA (AP) — Matt Ryan threw a 1-yard touchdown pass to Tony Gonzalez as the Falcons took advantage of a fumble by Seattle's Marshawn Lynch to lead the Seahawks 10-0 after the first quarter of Sunday's NFC divisional playoff game.


The Falcons overcame an interception by Ryan to stretch their lead. Ryan's pass for Gonzalez was intercepted by Seahawks middle linebacker Bobby Wagner, giving Seattle possession at its 33 midway through the quarter.


On first down from the 50, Lynch fumbled when hit by linebacker Sean Weatherspoon. Defensive tackle Jonathan Babineaux recovered at the Atlanta 39 to set up the touchdown drive. Wagner was penalized for a horse-collar tackle on Turner, moving the Falcons to the Seattle 29.


Ryan completed a 16-yard pass to backup tight end Chase Coffman to the 1, setting up the touchdown pass to Gonzalez.


The Falcons held the ball for 11 plays on their opening drive, moving to the Seahawks 21. Ryan completed a 13-yard pass to Roddy White on the first third-down play of the drive. Seattle cornerback Richard Sherman made a last-second deflection on Ryan's pass for White in the end zone on third down from the 21, setting up Matt Bryant's 39-yard field goal.


Atlanta had success running the ball on the drive with Michael Turner, who had a 15-yard gain on his first run, and Jacquizz Rodgers, who had runs of 7 and 6 yards.


The Seahawks trailed 14-0 before rallying in last week's 24-14 victory over Robert Griffin III and the Washington Redskins in the opening round of the playoffs.


___


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


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With NYTimes environmental desk gone, Green Blog becomes essential






A few days ago we woke up to the news that the New York Times is eliminating their environment desk.


Predictably, the immediate reaction of many was “oh, noooo!”.After all, whenever we hear such news, about a science or health or environmental desk being eliminated at a media organization, this means the reporters and editors of that beat have been fired.But New York Times did not fire anyone. Instead, they will disperse the environmental reporters around the building. Instead of all of them sitting together, chatting with each other, they will sit next to other people, chatting with political, economic, science, health, education and other reporters.The concern also arose as this piece of news came as a part of broader news of cost-cutting at the New York Times and actual impending layoffs of high-level editors.And concern is certainly warranted. But there is potential for this to be a good thing. It all depends on the implementation.My first reaction, quoted here, was that this may be a way to modernize environmental reporting at the Times. After all, reporters were not fired, the senior editors may be. All the environmental expertise is still at the Times, but now outside of its own ghetto, able to cross-fertilize with other beats, and to collaborate with reporters with other domains of expertise.My cautiously positive reaction to this news probably comes from my recent thinking (and blogging) about three aspects of modern media. One is about the distinction between beats and obsessions. The other one is about the importance of expertise in today’s journalism. And the other one is the distinction between push and pull models of science (and other) communication.Let me parse these a little bit more….Beats vs. ObsessionsI wrote at length about this before, but let me restate it briefly, the part that is the most relevant to this situation.







….But another way the difference is explained is that an obsession is actually broader, not narrower, by being multidisciplinary. Instead of looking at many stories from one angle, it focuses on a single story from many angles. This may be a way to solve some Wicked Problems….



By dispersing environmental reporters from a dedicated desk to other desks, New York Times eliminated the environmental beat. Now environmental reporters are free to follow their own obsessions – whatever aspect of the environment they most care about at any given time. In essence, The New York Times is starting to quartzify itself (did I just invent a new word? I bet Quartz folks will be pleased). Instead of the environmental vertical, The New York Times will now have an environmental horizontal – environmental angle permeating a lot of other stories, as environmental reporters talk to and influence their new office neighbors.Importance of ExpertiseI have argued many times before, and most recently and forcefully here, that having or building expertise on the topic one covers is an essential aspect of modern journalism. Being a generalist will become harder and harder to do successfully. Specialization rules. And there are many kinds of expertise and ways of being a specialist.It is much easier to turn an expert into a journalist than a journalist into an expert (though that is certainly not impossible), and there have been many calls lately (here is just the latest one) for journalism schools to insist on science, and even more importantly on math and statistics classes as requirements for their students.I will now make an assumption that all NYTimes environmental reporters actually have sufficient expertise to report on the environment. They are now bringing that expertise to other desks. And they are now forced to discuss this with people whose expertise lies elsewhere. They will get into debates and discussions. They will teach each other. They will change each others minds on various things. They will be prompted by those discussions to dig in deep and do some research. That will inspire them to write the next piece and next piece, possibly in collaboration with each other. By forcing cross-fertilization between people with different specialties, NYTimes will force them all to learn from each other, become more sophisticated, to tackle more complex and nuanced stories, and to produce better articles. That’s the theory… We’ll see if that happens in practice. It all depends on implementation.Push vs. PullYou may have seen this excellent post that Danielle re-posted the other day.I know I talk a lot about push vs. pull methods for science communication, but the earliest appearance of the concept on my blog is this brief but cool video clip. Soon after, I described and explained the concept in much more detail here and here. I have since applied it to a bunch of other topics, from the role of new/upcoming journalists to the different reporting strategies for different areas of science to strategies for gaining trust in the broader population to differences between science reporting on blogs vs traditional media to narrative storytelling in science.I have argued many times that, despite the proliferation of many new outlets that may do reporting better, traditional big venues, like The New York Times (and just a few other ‘biggies’, like BBC, Guardian, Washington Post, The Economist, PBS, NPR and not many more), will continue to play an important role in the media ecosystem for quite some time. These are trusted brands for far too many people who grew up in that world. And they generally do a good job, even if nobody can be perfect, and expert bloggers are quick to point out errors as they appear.But, nobody but a few crazy news junkies, all of whom are probably in the business anyway so not the target audience, reads any newspaper, including The New York Times, every day, every page, every article. I’ll tell you a secret – print edition of The New York Times lands on my front porch every night. My wife reads some of it sometimes. It is there mostly in case something I see online is so long that I want to sit back and read it on paper rather than on screen. Or if a friend of mine publishes something so I want to cut it out. Or my name appears in it, and I want to cut it out and save it, to show my Mom.But back in the old times, when I actually read newspapers on paper, how did I do it? I pick up the paper. I open it up. I take out all the sections I am not interested in – Sports, Auto, Business, Real Estate, Classifieds, etc. – and throw them directly into the recycling bin. Then I read the parts I am interested in (front sections, domestic and world news, opinion, Sunday Magazine, Week In Review, Book Review). When I was a kid, I read the comics first, then TV and movie listings, then Kids section, perhaps some nature/science, perhaps some sports.Other people have their own preferences. If there is such a thing as “Environment” section, or “Health” section, or “Science” section, how many people do you think automatically recycle them and go straight to Sports instead?A dedicated Environment section is a pull method. It pulls in readers who are already interested in the topic. Others never see it. And being online doesn’t change a thing – it works the same way as on paper, in its own ghetto, isolated from the stuff people actually read.The ‘push’ method inserts science/health/environment stories everywhere, in all sections of the paper, linked from all the pages of the website. It includes science/health/environment angles into many other stories. People interested in politics, economics, education, art, culture, comic strips, whatever, get a steady diet of relevant information mixed into their breakfast. They can’t avoid it any more. It is pushed onto them without their explicit request.Let’s hope that The New York Times is thinking this way, as that would be the best possible outcome.Central importance of the Green BlogThe managing editor Dean Baquet was reported to say this about the Green Blog: “If it has impact and audience it will survive”.That is disappointing. Green Blog’s destiny is not, and especially now should not, be decided by the vagaries of traffic. It has suddenly become much more essential to the Times than they know, or so it seems. Let me try to explain…Dispersing all the environmental reporting all around New York Times is a potentially great “push” strategy – feeding the unsuspecting readers a steady diet of environmental thinking.But dispersing all the environmental reporting all around New York Times also makes it very difficult for the “pull” audience, the readers who are interested in environment, to find everything. People who are interested in environment, people like me, will be forced to look into automatically recyclable sections, like Business or Real Estate for articles with potentially environmental angles. That takes time and energy we don’t have, so we’ll rather miss those articles.Now, some tech-savvy know-it-all is likely to post a comment “Use Tags”. Sure, you are a programmer, you know what tags are. Can you explain that to your grandma? Can you teach her how to use them?No, the answer is Green Blog.Green Blog should now become not just a cool place for interns to build their reporting chops, but also:- place where all environmental reporters link to, explain, describe and quote from all their articles that appear elsewhere in the Times,- place where someone puts together, every week, a summary and round-up of all environment-related Times articles of the previous week,- place where all environmental reporters come to crowdsource their stories, get feedback and expert information from readers as they are working on their more and more complex stories- place where all environmental reporters come to see each others work, now that they are not sitting next to each other,- a central place where people like me can come and at a single glance see all of the Times environmental reporting in one place, and- a central place where someone like Andy Revkin can check each day to see what else is going on in the Times regarding environment, so he can blog about it on Dot Earth.This is like what ethologists call the “central foraging place”, like a beehive. Honeybees (readers) get information (blog posts) from other foragers where the flowers (NYT articles) are, so they go there (following links) to get nectar. They then return to the hive (Green Blog) to deposit the nectar (their comments), to tell others where else the flowers are good (e.g., on other sites beyond NYT) and to get new information so they can go for another run, again and again.Now that there is no Environment desk and no Environment editor, the Green Blog should assume those two roles.Now, if only higher ups at the Times get to read this post. If you know them, can you share the link to this post with them?Image: Everystockphoto.com


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Quest: U.S. economy to dominate Davos




The United States and the sorry state of its political and budgetary process will be the center of attention at Davos, writes Quest




STORY HIGHLIGHTS


  • Quest: Davos is a chance to see where the political and economic landmines are in 2013

  • Quest: People will be speculating about how dysfunctional the U.S. political process has become

  • Quest: Davos has been consumed by eurozone sovereign debt crises for three years




Editor's note: Watch Quest Means Business on CNN International, 1900pm GMT weekdays. Quest Means Business is presented by CNN's foremost international business correspondent Richard Quest. Follow him on Twitter.


(CNN) -- It is that time of the year, again. Come January no sooner have the Christmas trees been taken down, as the winter sales are in full vicious flood the world of business start thinking about going to the world economic forum, better known as Davos.


For the past three years Davos has been consumed by the eurozone sovereign debt crises.


As it worsened the speculation became ever more frantic.....Will Greece leave the euro? Will the eurozone even survive? Was this all just a big German trick to run Europe? More extreme, more dramatic, more nonsense.


Can China be the biggest engine of growth for the global economy. Round and round in circles we have gone on these subjects until frankly I did wonder if there was anything else to say short of it's a horrible mess!


This year there is a new bogey man. The US and in particular the sorry state of the country's political and budgetary process will, I have little doubt, be the center of attention.


Read more: More 'cliffs' to come in new Congress


Not just because Congress fluffed its big test on the fiscal cliff, but because in doing so it created many more deadlines, any one of which could be deeply unsettling to global markets... There is the $100 billion budget cutbacks postponed for two months by the recent agreement; postponed to the end of February.


At exactly the same time as the US Treasury's ability to rob Peter to pay Paul on the debt ceiling crises comes to a head.


Read more: Both Obama, GOP set for tough talks ahead


The Treasury's "debt suspension period" is an extraordinary piece of financial chicanery that if we tried it with our credit cards would get us locked up!! Then there is the expiration of the latest continuing resolution, the authority by which congress is spending money.


There is the terrifying prospect that all these budget woes will conflate into one big political fist fight as the US faces cutbacks, default or shutdown!!


I am being alarmist. Most rational people believe that the worst sting will be taken out of this tail....not before we have all been to the edge...and back. And that is what Davos will have on its mind.


People will be speculating about how dysfunctional the US political process has become and is it broken beyond repair (if they are not asking that then they should be...)




They will be pondering which is more serious for risk...the US budget and debt crises or the Eurozone sovereign debt debacle. A classic case of between the devil and the deep blue sea.




The official topic this year is Resilient Dynamism. I have absolutely no idea what this means. None whatsoever. It is another of WEF's ersatz themes dreamt up to stimulate debate in what Martin Sorrell has beautifully terms "davosian language" In short everyone interprets it as they will.




What I will enjoy, as I do every year, is the chance to hear the global players speak and the brightest and best thinkers give us their take on the global problems the atmosphere becomes febrile as the rock-stars of finance and economics give speeches, talk on panels and give insight.




Of course comes of these musings, it never does at Davos. That's not the point. This is a chance to take stock and see where the political and economic landmines are in 2013. I like to think of Davos as the equivalent of Control/Alt/Delete. It allows us to reboot.


We leave at least having an idea of where people stand on the big issues provided you can see through the panegyrics of self congratulatory back slapping that always takes place whenever you get like minded people in one place... And this year, I predict the big issue being discussed in coffee bars, salons and fondue houses will be the United States and its budgetary woes.







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Japanese airline's grounded 787 leaks fuel in tests




















The FAA stepped in Friday to assure the public that Boeing's new 787 "Dreamliner" is safe to fly. The AP spoke with Kevin Hiatt, Flight Safety Foundation CEO & President, who says mechanical issues with new aircrafts are not uncommon. (Jan. 11)




















































Tokyo—





Japan Airlines Co (JAL) said on Sunday that a Boeing Co 787 Dreamliner jet undergoing checks in Tokyo following a fuel leak at Boston airport last week had leaked fuel during tests earlier in the day.

An open valve on the aircraft caused fuel to leak from a nozzle on the left wing used to remove fuel, a company spokeswoman said. The jet is out of service after spilling about 40 gallons of fuel onto the airport taxiway in Boston due to a separate valve-related problem.






In Boston, a different valve on the plane opened, causing fuel to flow from the centre tank to the left main tank. When that tank filled up, it overflowed into a surge tank and out through a vent.

The causes of both the incidents are unknown, the JAL spokeswoman added.

There is no timetable for the plane to return to service.

On Friday, the U.S. government ordered a wide-ranging review of Boeing's 787 Dreamliner, citing concern over a fire and other problems, but insisted the passenger jet was still safe to fly.

JAL and local rival All Nippon Airways Co fly 24 of the 49 Dreamliners delivered to end-December.

(Reporting by James Topham; Editing by Jeremy Laurence and Catherine Evans)


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France bombs Islamist stronghold in north Mali


BAMAKO/PARIS (Reuters) - French fighter jets pounded an Islamist rebel stronghold deep in northern Mali on Sunday as Paris poured more troops into the capital Bamako, awaiting a West African force to dislodge al Qaeda-linked insurgents from the country's north.


The attack on Gao, the largest city in the desert region controlled by the Islamist alliance, marked a decisive intensification on the third day of French air raids, striking at the heart of the vast territory seized by rebels in April.


France is determined to end Islamist domination of north Mali, which many fear could act as a base for attacks on the West and for links with al Qaeda in Yemen, Somalia and North Africa.


France's Defense Minister Jean-Yves Le Drian said French intervention on Friday had prevented the advancing rebels from seizing Bamako. He vowed that air strikes would continue.


"The president is totally determined that we must eradicate these terrorists who threaten the security of Mali, our own country and Europe," he told French television.


In Gao, a dusty town on the banks of the Niger river where Islamists have imposed an extreme form of sharia law, residents said French jets pounded the airport and rebel positions. A huge cloud of black smoke rose from the militants' camp in the city's north, and pick-up trucks ferried dead and wounded to hospital.


"The planes are so fast you can only hear their sound in the sky," resident Soumaila Maiga said by telephone. "We are happy, even though it is frightening. Soon we will be delivered."


Paris said four state-of-the-art Rafale jets flew from France to strike rebel training camps, logistics depots and infrastructure in Gao with the aim of weakening the rebels and preventing them from returning southward.


A spokesman for Ansar Dine, one of the main Islamist factions, said the French had also bombed targets in the towns of Lere and Douentza. Residents said rebel fighters had fled from Douentza aboard pick-up trucks.


France has deployed about 550 soldiers to Mali under "Operation Serval" - named after an African wildcat - split between Bamako and the town of Mopti, 500 km (300 miles) north.


In Bamako, a Reuters cameraman saw more than 100 French troops disembark on Sunday from a military cargo plane at the international airport, on the outskirts of the capital.


The city itself was calm, with the sun streaking through the dust enveloping the city as the seasonal Harmattan wind blew from the Sahara. Some cars drove around with French flags draped from the windows to celebrate Paris's intervention.


AFRICAN TROOPS EXPECTED


More than two decades of peaceful elections had earned Mali a reputation as a bulwark of democracy, but that image unraveled in a matter of weeks after a military coup in March which left a power vacuum for the Islamist rebellion.


French President Francois Hollande's intervention in Mali has won plaudits from leaders in Europe, Africa and the United States but it is not without risks.


It raised the threat level for eight French hostages held by al Qaeda allies in the Sahara and for the 30,000 French expatriates living in neighboring, mostly Muslim states.


Concerned about reprisals, France has tightened security at public buildings and on public transport. It advised its 6,000 citizens to leave Mali as spokesmen for Ansar Dine and al Qaeda's north Africa wing AQIM promised to exact revenge.


In its first casualty of the campaign, Paris said a French pilot was killed on Friday when rebels shot down his helicopter.


Hours earlier, a French intelligence officer held hostage in Somalia by al Shabaab extremists linked to al Qaeda was killed in a failed commando raid to free him.


President Hollande says France's aim is simply to support a mission by West African bloc ECOWAS to retake the north, as mandated by a U.N. Security Council resolution in December.


With Paris pressing West African nations to send their troops quickly, Ivory Coast President Alassane Ouattara, who holds the rotating ECOWAS chairmanship, kick-started the operation to deploy 3,300 African soldiers.


Ouattara, installed in power with French military backing in 2011, convened a summit of the 15-nation bloc for Saturday in Ivory Coast to discuss the mission.


"The troops will start arriving in Bamako today and tomorrow," said Ali Coulibaly, Ivory Coast's African Integration Minister. "They will be convoyed to the front."


The United States is considering sending a small number of unarmed surveillance drones to Mali as well as providing logistics support, a U.S. official told Reuters. Britain and Canada have also promised logistical support.


Former French colonies Senegal, Niger and Burkina Faso have all pledged to deploy 500 troops within days. In contrast, regional powerhouse Nigeria, due to lead the ECOWAS force, has suggested it would take time to train and equip the troops.


HOUSE-TO-HOUSE SEARCHES


France, however, appeared to have assumed control of the operation on the ground. Its airstrikes allowed Malian troops to drive the Islamists out of the strategic town of Konna, which they had briefly seized this week in their southward advance.


Analysts expressed doubt, however, that African nations would be able to mount a swift operation to retake north Mali - a harsh, sparsely populated terrain the size of France - as neither the equipment nor ground troops were prepared.


"My first impression is that this is an emergency patch in a very dangerous situation," said Gregory Mann, associate professor of history at Columbia University, who specializes in francophone Africa and Mali in particular.


While France and its allies may be able to drive rebel fighters from large towns, they could struggle to prise them from mountain redoubts in the region of Kidal, 300 km (200 miles) northeast of Gao, where April's uprising began.


Calm returned to Konna on Sunday after three nights of combat as the Malian army mopped up any rebel fighters. A senior Malian army official said more than 100 rebels had been killed.


"Soldiers are patrolling the streets and have encircled the town," one resident, Madame Coulibaly, told Reuters by phone. "They are searching houses for arms or hidden Islamists."


Human Rights Watch said at least 11 civilians, including three children, had been killed in the fighting.


A spokesman for Doctors Without Borders in neighboring Mauritania said about 200 Malian refugees had fled across the border to a camp at Fassala and more were on their way.


In Bamako, civilians tried to contribute to the war effort.


"We are very proud and relieved that the army was able to drive the jihadists out of Konna. We hope it will not end there, that is why I'm helping in my own way," said civil servant Ibrahima Kalossi, 32, one of over 40 people who queued to donate blood for wounded soldiers.


(Additional reporting by Adama Diarra, Tiemoko Diallo and Rainer Schwenzfeier in Bamako, Joe Bavier in Abidjan, Leila Aboud in Paris and Phil Stewart in Washington; Writing by Daniel Flynn; Editing by Will Waterman)



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Wall Street Week Ahead: Attention turns to financial earnings

NEW YORK (Reuters) - After over a month of watching Capitol Hill and Pennsylvania Avenue, Wall Street can get back to what it knows best: Wall Street.


The first full week of earnings season is dominated by the financial sector - big investment banks and commercial banks - just as retail investors, free from the "fiscal cliff" worries, have started to get back into the markets.


Equities have risen in the new year, rallying after the initial resolution of the fiscal cliff in Washington on January 2. The S&P 500 on Friday closed its second straight week of gains, leaving it just fractionally off a five-year closing high hit on Thursday.


An array of financial companies - including Goldman Sachs and JPMorgan Chase - will report on Wednesday. Bank of America and Citigroup will join on Thursday.


"The banks have a read on the economy, on the health of consumers, on the health of demand," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.


"What we're looking for is demand. Demand from small business owners, from consumers."


EARNINGS AND ECONOMIC EXPECTATIONS


Investors were greeted with a slightly better-than-anticipated first week of earnings, but expectations were low and just a few companies reported results.


Fourth quarter earnings and revenues for S&P 500 companies are both expected to have grown by 1.9 percent in the past quarter, according to Thomson Reuters I/B/E/S.


Few large corporations have reported, with Wells Fargo the first bank out of the gate on Friday, posting a record profit. The bank, however, made fewer mortgage loans than in the third quarter and its shares were down 0.8 percent for the day.


The KBW bank index <.bkx>, a gauge of U.S. bank stocks, is up about 30 percent from a low hit in June, rising in six of the last eight months, including January.


Investors will continue to watch earnings on Friday, as General Electric will round out the week after Intel's report on Thursday.


HOUSING, INDUSTRIAL DATA ON TAP


Next week will also feature the release of a wide range of economic data.


Tuesday will see the release of retail sales numbers and the Empire State manufacturing index, followed by CPI data on Wednesday.


Investors and analysts will also focus on the housing starts numbers and the Philadelphia Federal Reserve factory activity index on Thursday. The Thomson Reuters/University of Michigan consumer sentiment numbers are due on Friday.


Jim Paulsen, chief investment officer at Wells Capital Management in Minneapolis, said he expected to see housing numbers continue to climb.


"They won't be that surprising if they're good, they'll be rather eye-catching if they're not good," he said. "The underlying drive of the markets, I think, is economic data. That's been the catalyst."


POLITICAL ANXIETY


Worries about the protracted fiscal cliff negotiations drove the markets in the weeks before the ultimate January 2 resolution, but fear of the debt ceiling fight has yet to command investors' attention to the same extent.


The agreement was likely part of the reason for a rebound in flows to stocks. U.S.-based stock mutual funds gained $7.53 billion after the cliff resolution in the week ending January 9, the most in a week since May 2001, according to Thomson Reuters' Lipper.


Markets are unlikely to move on debt ceiling news unless prominent lawmakers signal that they are taking a surprising position in the debate.


The deal in Washington to avert the cliff set up another debt battle, which will play out in coming months alongside spending debates. But this alarm has been sounded before.


"The market will turn the corner on it when the debate heats up," Prudential Financial's Krosby said.


The CBOE Volatility index <.vix> a gauge of traders' anxiety, is off more than 25 percent so far this month and it recently hit its lowest since June 2007, before the recession began.


"The market doesn't react to the same news twice. It will have to be more brutal than the fiscal cliff," Krosby said. "The market has been conditioned that, at the end, they come up with an agreement."


(Reporting by Gabriel Debenedetti; editing by Rodrigo Campos)



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Armstrong to admit doping in Oprah interview


AUSTIN, Texas (AP) — Lance Armstrong will make a limited confession to doping during his televised interview with Oprah Winfrey next week, according to a person with knowledge of the situation.


Armstrong, who has long denied doping, will also offer an apology during the interview scheduled to be taped Monday at his home in Austin, according to the person who spoke on condition of anonymity because there was no authorization to speak publicly on the matter.


While not directly saying he would confess or apologize, Armstrong sent a text message to The Associated Press early Saturday that said: "I told her (Winfrey) to go wherever she wants and I'll answer the questions directly, honestly and candidly. That's all I can say."


The 41-year-old Armstrong, who vehemently denied doping for years, has not spoken publicly about the U.S. Anti-Doping Agency report last year that cast him as the leader of a sophisticated and brazen doping program on his U.S. Postal Service teams that included use of steroids, blood boosters and illegal blood transfusions.


The USADA report led to Armstrong being stripped of his seven Tour de France titles and given a lifetime ban from the sport.


Several outlets had reported that Armstrong was considering a confession. The interview will be broadcast Thursday on the Oprah Winfrey Network and oprah.com.


A confession would come at a time when Armstrong is still facing some legal troubles.


Armstrong faces a federal whistle-blower lawsuit filed by former teammate Floyd Landis accusing him of defrauding the U.S. Postal Service, but the U.S. Department of Justice has yet to announce if it will join the case. The British newspaper The Sunday Times is suing Armstrong to recover about $500,000 it paid him to settle a libel lawsuit.


A Dallas-based promotions company has threatened to sue Armstrong to recover more than $7.5 million it paid him as a bonus for winning the Tour de France.


But potential perjury charges stemming from his sworn testimony denying doping in a 2005 arbitration fight over the bonus payments have passed the statute of limitations.


Armstrong lost most of his personal sponsorship — worth tens of millions of dollars — after USADA issued its report and he left the board of the Livestrong cancer-fighting charity he founded in 1997. He is still said to be worth an estimated $100 million.


Livestrong might be one reason to issue an apology or make a confession. The charity supports cancer patients and still faces an image problem because of its association with its famous founder.


Armstrong could also be hoping a confession would allow him to return to competition in elite triathlon or running events, but World Anti-Doping Code rules state his lifetime ban cannot be reduced to less than eight years. WADA and U.S. Anti-Doping officials could agree to reduce the ban further depending on what new information Armstrong provides and his level of cooperation.


Armstrong met with USADA officials recently to explore a "pathway to redemption," according to a report by "60 Minutes Sports" aired Wednesday on Showtime.


___


AP Sports Columnist Jim Litke contributed to this report.


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