Stocks end higher for sixth straight week, tech leads

NEW YORK (Reuters) - The Nasdaq composite stock index closed at a 12-year high and the S&P 500 index at a five-year high, boosted by gains in technology shares and stronger overseas trade figures.

The S&P 500 also posted a sixth straight week of gains for the first time since August.

The technology sector led the day's gains, with the S&P 500 technology index <.splrct> up 1.0 percent. Gains in professional network platform LinkedIn Corp and AOL Inc after they reported quarterly results helped the sector.

Shares of LinkedIn jumped 21.3 percent to $150.48 after the social networking site announced strong quarterly profits and gave a bullish forecast for the year.

AOL Inc shares rose 7.4 percent to $33.72 after the online company reported higher quarterly profit, boosted by a 13 percent rise in advertising sales.

Data showed Chinese exports grew more than expected, a positive sign for the global economy. The U.S. trade deficit narrowed in December, suggesting the U.S. economy likely grew in the fourth quarter instead of contracting slightly as originally reported by the U.S. government.

"That may have sent a ray of optimism," said Fred Dickson, chief market strategist at D.A. Davidson & Co in Lake Oswego, Oregon.

Trading volume on Friday was below average for the week as a blizzard swept into the northeastern United States.

The U.S. stock market has posted strong gains since the start of the year, with the S&P 500 up 6.4 percent since December 31. The advance has slowed in recent days, with fourth-quarter earnings winding down and few incentives to continue the rally on the horizon.

"I think we're in the middle of a trading range and I'd put plus or minus 5.0 percent around it. Fundamental factors are best described as neutral," Dickson said.

The Dow Jones industrial average <.dji> ended up 48.92 points, or 0.35 percent, at 13,992.97. The Standard & Poor's 500 Index <.spx> was up 8.54 points, or 0.57 percent, at 1,517.93. The Nasdaq Composite Index <.ixic> was up 28.74 points, or 0.91 percent, at 3,193.87, its highest closing level since November 2000.

For the week, the Dow was down 0.1 percent, the S&P 500 was up 0.3 percent and the Nasdaq up 0.5 percent.

Shares of Dell closed at $13.63, up 0.7 percent, after briefly trading above a buyout offering price of $13.65 during the session.

Dell's largest independent shareholder, Southeastern Asset Management, said it plans to oppose the buyout of the personal computer maker, setting up a battle for founder Michael Dell.

Signs of economic strength overseas buoyed sentiment on Wall Street. Chinese exports grew more than expected in January, while imports climbed 28.8 percent, highlighting robust domestic demand. German data showed a 2012 surplus that was the nation's second highest in more than 60 years, an indication of the underlying strength of Europe's biggest economy.

Separately, U.S. economic data showed the trade deficit shrank in December to $38.5 billion, its narrowest in nearly three years, indicating the economy did much better in the fourth quarter than initially estimated.

Earnings have mostly come in stronger than expected since the start of the reporting period. Fourth-quarter earnings for S&P 500 companies now are estimated up 5.2 percent versus a year ago, according to Thomson Reuters data. That contrasts with a 1.9 percent growth forecast at the start of the earnings season.

Molina Healthcare Inc surged 10.4 percent to $31.88 as the biggest boost to the index after posting fourth-quarter earnings.

The CBOE Volatility index <.vix>, Wall Street's so-called fear gauge, was down 3.6 percent at 13.02. The gauge, a key measure of market expectations of short-term volatility, generally moves inversely to the S&P 500.

"I'm watching the 14 level closely" on the CBOE Volatility index, said Bryan Sapp, senior trading analyst at Schaeffer's Investment Research. "The break below it at the beginning of the year signaled the sharp rally in January, and a rally back above it could be a sign to exercise some caution."

Volume was roughly 5.6 billion shares traded on the New York Stock Exchange, the Nasdaq and the NYSE MKT, compared with the 2012 average daily closing volume of about 6.45 billion.

Advancers outpaced decliners on the NYSE by nearly 2 to 1 and on the Nasdaq by almost 5 to 3.

(Additional reporting by Angela Moon; Editing by Bernadette Baum, Nick Zieminski, Kenneth Barry and Andrew Hay)

Read More..

Asada leads after short program at Four Continents

OSAKA, Japan (AP) — Two-time world champion Mao Asada of Japan re-introduced her trademark triple axel to take a comfortable lead over compatriots Akiko Suzuki and Kanako Murakami on Saturday at the figure skating Four Continents.

Asada hadn't attempted the triple axel in the four events she won this season, but did so on Saturday to finish the short program with 74.49 points. Suzuki finished second with 65.65 points while Murakami was third with 64.04.

Skating to "I got Rhythm," Asada's performance thrilled the capacity crowd at Osaka Municipal Gymnasium and put her in a good position to regain the title she lost at last year's Four Continents to Ashley Wagner of the United States.

The inclusion of the triple axel will also give Asada a boost heading to the world championships in London, Ontario, next month. She has been struggling with the triple axel since the 2010 Vancouver Olympics but had no problems with it on Saturday.

"I've been saying I will include the triple axel at some point and was glad I did it today," Asada said. "I wasn't really sure it would be at this competition but I felt good in practice so decided this was the time to attempt it and I was very pleased with the result.

Suzuki hit all her jumps in a lively routine to the "Kill Bill" theme song.

"Since the end of last year my jumps weren't that good," Suzuki said. "But they were much better today and that will give me a lot of confidence."

Cristina Gao of the United States was fourth with 62.34 points followed by compatriot Gracie Gold who had 60.36 points.

The women's event wraps up with the free skate on Sunday. The men's free skate is later Saturday.

Read More..

First Person: Winter Storm Nemo Blasts New York

Yahoo! News is gathering brief first-person accounts, photos and video from the severe winter weather in the northeastern United States. Here’s one resident’s story.

FIRST PERSON | BRONX, N.Y. — As winter storm Nemo approached my Bronx home, memories of Sandy were still fresh in New Yorker’s minds.

We’ve learned to take the weather seriously. After monitoring the weather reports, I made the decision to handle all my business including grocery shopping one day before the storm. Snow in NYC not only screws up the roads, it also disrupts train service.

And sure enough, service has been disrupted. Commuter rail service on certain MTA lines has been suspended. A video of one metro north train station shows the snow already covering the rails. With snow still falling and predicted to fall Saturday as well, train service near me has been suspended.

Weather News Headlines – Yahoo! News

Title Post: First Person: Winter Storm Nemo Blasts New York
Url Post: http://www.news.fluser.com/first-person-winter-storm-nemo-blasts-new-york/
Link To Post : First Person: Winter Storm Nemo Blasts New York
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

How Obama can end Congo conflict

Conflict in Congo

Conflict in Congo

Conflict in Congo

Conflict in Congo

Conflict in Congo

STORY HIGHLIGHTS

• President Obama can help end the Congo conflict for good, says Vava Tampa


• Obama has asked Rwanda to end all support to armed groups in the Congo


• FDLR militia gang is a threat to stability and must leave Congo


• Obama must push for change in Congolese government, argues Tampa

Editor's note: Vava Tampa is the founder of Save the Congo, a London-based campaign to tackle "the impunity, insecurity, institutional failure and the international trade of minerals funding the wars in Democratic Republic of the Congo." Follow Vava Tampa on twitter: @VavaTampa

(CNN) -- Now that President Obama has taken a public stand on the warlords and militia gangs tyrannizing DR Congo, there is a sense that the next chapter in the human tragedy that has been raging there over the past decade and half is about to be written -- or so we can hope.

In the DRC -- Africa's largest sub-Saharan country -- invasions, proxy wars and humanitarian crises have senselessly shut down millions of lives, displaced millions more from their homes and left countless women and young girls brutally raped with the world barely raising an eyebrow.

The latest murderous attempt by the M23 militia gang to besiege Goma, the strategic regional capital of Congo's eastern province of North Kivu, seems to have backfired.

Vava Tampa

The United Nations says Rwanda has helped to create and militarily supported M23. Although Rwandan President Paul Kagame denies backing M23, the accusation has taken off some of the international gloss he had long enjoyed in the West, and precipitated cuts and suspension of aid money that goes directly to the Kagame regime by the Netherlands, Sweden, Germany, Britain and the European Union.

The United States, which gives no money directly to the Rwandan government, suspended its military aid. In a baffling expression of a refinement of the U.S. position, President Obama made a rare telephone call to Kagame to emphasize "the importance of permanently ending all support to armed groups in the DRC." That set a firm red line on the situation in that region, the first one by President Obama since becoming president in 2008.

Watch video: Kagame on Congo

This was certainly right and good. Kagame is no fool; the diplomatic but emphatic content of that telephone call, monitored by White House's National Security staff and published thereafter for public consumption, speaks volumes. He clearly understood the implicit threat. But it was not good enough.

Left unsaid is that withholding aid money that goes directly to the Kagame regime has not changed many realities on the ground -- a painful reminder of the limits of what previous half-hearted, ambivalent international attempts to halt the crisis in that country had achieved.

However, the situation is not hopeless. President Obama can help to halt the wars engulfing the Congo. It is both economically and politically affordable.

Here is my suggestion -- a three-point road map, if you like, for President Obama, should he choose to put the weight of the United States squarely on the side of the Congolese and engage much more robustly to help end the world's bloodiest war and human tragedy.

Read more: Why the world is ignoring Congo war

1. Changes in Kinshasa

If we are to be blunt with ourselves, Congo's major problem today -- the chief reason that country remains on its knees -- is its president Joseph Kabila. Paul Kagame is just a symptom, at least in theory.

The crisis of leadership in the capital Kinshasa, the disastrous blend of lack of political legitimacy and moral authority, mixed with poor governance and vision deficiency, then compounded with dilapidated state institutions, has become the common denominator to the ills and wrongs that continues to overwhelm the Congo.

In other words, peace will never be secured in Congo, if the moribund status quo is still strutting around Kinshasa.

Obama's minimum objective in regard to ending the wars and human tragedy engulfing the Congo should be to push for changes in Kinshasa. He must make this one of the "10 Commandments" of the Obama Doctrine.

Circumstances demand it to re-energize Congo's chance of success and to enable the renaissance of a "New Africa." And given the effects of Congo's mounting death toll and the speed at which HIV/AIDS is spreading because of the use of rape as a weapon of war, the sooner the better.

2. Keep Kagame in the naughty corner

The wars and human tragedy engulfing the Congo have many fathers and many layers. Rwanda, and to some extent Uganda -- run by Africa's two dearest autocratic but staunchly pro-American regimes -- are, as they have been many times in the past, despite their denials, continuing to provide support to warlords and militia gangs terrorizing the Congolese people.

This is not an apocryphal claim, it's an open secret in Kinshasa, Kampala and Kigali as much as it is in Washington or White Hall, and as real as Charles Taylor's role in Sierra Leone or Iran's support to Hezbollah.

If President Obama is remotely serious about saving lives in Congo, then fracturing Rwanda's ability to directly or indirectly harbor warlords ... is critical.
Vava Tampa, Save the Congo

Indeed, reporters across Congo and across the region would testify to this. Kigali has been, one can safely argue, the sole shareholder in the M23 militia gang -- and its elder sisters CNDP and RCD-Goma.

It cannot wash its hands in Pontius Pilate fashion of either the ICC-wanted M23 warlord Bosco Ntaganda, also known as The Terminator, or Laurent Nkunda, who is wanted by the Congolese government for war crimes and is under house arrest in Kigali.

Read more: Prosecutor seeks new Congo war crimes warrants

If President Obama is remotely serious about saving lives in Congo, then fracturing Rwanda's ability to directly or indirectly harbor warlords, support militia gangs, militarize or ethnicize the wars in Congo for control of Congo's easily appropriable but highly valuable natural resources is critical, however politically disgruntling it may be to some in the State Department.

It would reduce the scale, scope and intensity of the killing, raping and uprooting of the Congolese, it would crush Kinshasa's ability to use external support to warlords and militia gangs as an alibi for a lack of progress and, above all, decrease the growing unease of the Congolese towards Rwanda over the crimes of FDLR and the role played by their government in Congo.

3. FDLR

The continued existence in Congo of FDLR, a Rwandan militia gang made up largely of Hutus -- whose leadership took part in the 1994 genocide of Tutsi -- remains one of the most persistent and serious threats to stability in Congo and the region.

Addressing this crisis is of significant importance from both a political and humanitarian viewpoint.

Though there are no definitive statistics on the exact numbers of FDLR fighters, the good news is that experts tell us that the vast majority of its rank and file are in their 20s and early 30s, which means they were too young to have taken part in the genocide in 1994.

The United States, together with the U.N., the EU and African Union, should appoint a special envoy for the African Great Lakes region to midwife a conducive political arrangement in Kigali that could see them returning home -- and see their leaders and fundraisers in Europe arrested.

The opinions expressed in this commentary are solely those of Vava Tampa.

Read More..

Blizzard wallops Northeast, thousands without power

A blizzard continued to pummel the Northeastern United States on Saturday, disrupting thousands of flights, shutting down roads and mass transit and blanketing the region with heavy snowfall.

Hundreds of thousands of people lost power, with more than 200,000 reported outages in Massachusetts, more than 100,000 in Rhode Island, and 30,000 in Connecticut, according to local utilities.

Forecasters warned that about 2 feet of snow would blanket most of the Boston area with some spots getting as much as 30 inches. New York was due to get about a foot in some areas, while heavy snowfall was also expected in Connecticut and Maine.

Winds reached 35 to 40 miles per hour (56 to 64 km per hour) by Friday afternoon and forecasters expected gusts up to 60 mph as the evening wore on.

The storm prompted the governors of Massachusetts, Rhode Island, Connecticut, New York and Maine to declare states of emergency in the face of the fearsome snowstorm. Massachusetts Governor Deval Patrick took the rare step of announcing a ban on most car travel starting Friday afternoon, while Connecticut Governor Dannel Malloy closed the state's highways to all but emergency vehicles.

By Friday night some commuter trains that run between New York City and Westchester County, Long Island and Connecticut had already been suspended. Amtrak suspended railroad service between New York, Boston and points north on Friday afternoon.

In many cases, authorities ordered non-essential government workers to stay home, urged private employers to do the same, told people to prepare for power outages and encouraged them to check on elderly or disabled neighbors.

"People need to take this storm seriously," said Malloy, Connecticut's governor. "Please stay home once the weather gets bad except in the case of real emergency."

The storm wasn't bad news for everyone.

In New York City, Mayor Michael Bloomberg suggested people relax at home - cook or watch a movie. Bloomberg said he planned on catching up on his sleep.

As she stocked up at a Brooklyn grocery store, 28-year-old Jackie Chevallier said that after two years without much snow, she was looking forward to waking up to a sea of white.

"I'd like to go sledding," she said.

The storm also posed a risk of flooding at high tide to areas still recovering from Superstorm Sandy last October.

"Many of the same communities that were inundated by Hurricane Sandy's tidal surge just about 100 days ago are likely to see some moderate coastal flooding this evening," said Bloomberg.

Read More..

Japan may release data proving Chinese radar incident: media

TOKYO (Reuters) - Japan may release data it says will prove a Chinese naval vessel directed its fire control radar at a Japanese destroyer near disputed islands in the East China Sea, local media reported.

Japan has said a Chinese frigate on January 30 locked its targeting radar on a Japanese destroyer - a step that usually precedes the firing of weapons - but China insists that its vessel used only ordinary surveillance radar.

The incident has added to tensions between the two nations over the disputed islands.

Japan will consider how much normally classified data it can release, the media reports said, citing comments by Japan Defence Minister Itsunori Onodera on local television.

"The government is considering the extent of what can be disclosed," Kyodo news agency quoted Onodera as saying.

China has accused Japan of smearing its name with the accusations, and on Saturday, the official Xinhua news agency continued the war of words.

"By spreading false accusations and posing as a poor victim, Japan had intended to tarnish China's image so as to gain sympathy and support, but a lie does not help," it said in an English language commentary.

"China has been exercising maximum restraint and stayed committed to solving the dispute through dialogue and consultation."

Japan and China have been involved in a series of incidents in recent months in the East China Sea where Chinese and Japanese naval vessels regularly shadow each others movements.

Both countries claim a small clusters of islands, known as Diaoyu in China and Senkaku in Japan, believed to be rich in oil and gas. Controlled by Japan, possession of the uninhabited outcrops and the sea surrounding them would provide China with easier access to the Pacific.

Hopes had been rising for an easing in tensions, including a possible summit between Japanese Prime Minister Shinzo Abe and Chinese Communist Party chief Xi Jinping. But the radar issue has seen China and Japan engage in a fresh round of invective.

China's Defence Ministry on Thursday said Japan's complaints did not "match the facts". The Chinese ship's radar, it said, had maintained regular alerting and surveillance operations and the ship "did not use fire control radar".

Japan's position against China has hardened since Abe led his conservative party to a landslide election victory in December, promising to beef up the military and stand tough in territorial disputes.

The commander of U.S. forces in the Asia-Pacific said the squabble between Japan and China underlined the need for rules to prevent such incidents turning into serious conflict.

China also has ongoing territorial disputes with other Asian nations including Vietnam and the Philippines over islands in the South China Sea.

(Reporting by Tim Kelly; Additional reporting by Ben Blanchard in BEIJING; Editing by Michael Perry)

Read More..

Euro near two-week low, shares up on rekindled rate cut hopes

LONDON (Reuters) - The euro hovered near a two-week low and European shares rose on Friday after the European Central Bank rekindled expectations that it could again take the knife to interest rates.

Strong Chinese trade data also helped lift optimism about global growth prospects, boosting oil, copper and Asian shares, although investors booking profits before next week's Chinese new year holidays limited gains.

ECB President Mario Draghi levered the door to a rate cut back open on Thursday, saying the bank would monitor the potential downward pressure of a strengthening euro on already near-target inflation.

European share markets opened higher on the hopes lower borrowing rates would also reverse some of the 8 percent trade-weighted rise in the euro over the last six months that has began to weigh on exporters.

"We're in a 'risk-on' mode and continental Europe should continue to do well in this environment," said Cyrille Urfer, who heads up asset allocation at Swiss bank Gonet.

The pan-European FTSEurofirst 300 <.fteu3> was up 0.5 percent by 0815 GMT, though it remained on course for its second weekly loss in a row.

London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> were up 0.6, 0.4 and 0.3 percent respectively and U.S. stock futures pointed to a steady Wall Street start. <.l><.eu><.n/>

While Draghi said the euro's recent surge was a sign of a return of confidence, he said: "We certainly want to see whether the appreciation is sustained and will alter our risk assessment as far as price stability is concerned."

The comments went further than many analysts had expected and as European trading gathered pace the euro steadied at $1.3398 after earlier dropping to $1.33705, the lowest since January 25.

China said its exports grew 25 percent in January from a year ago, the strongest showing since April 2011 and well ahead of market expectations for a 17 percent rise, while imports also beat forecasts, surging 28.8 percent on the year.

The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> added 0.3 percent and Australian shares rallied 0.7 percent to 34-month highs.

"China's economic conditions are improving and the trade data confirms the continuation of a recovery trend. Not just the trade data but retail, production and investment flows clearly show that the economy bottomed out in the third quarter last year," said Hirokazu Yuihama, a senior strategist at Daiwa Securities in Tokyo.

In the bond market, benchmark German Bund futures were little changed in early trade as Draghi's cautious tone on the euro zone's economy underpinned demand for low risk assets.

Investors focused on Irish bonds after benchmark 10-year yields slid to their lowest since before the start of the subprime crisis in 2007 on news Dublin had clinched a bank debt deal that will cut its borrowing needs over the next decade.

(Additional reporting by Sudip Kar-Gupta; editing by Philippa Fletcher)

Read More..

Illini buzzer-beater upsets No. 1 Hoosiers, 74-72

CHAMPAIGN, Ill. (AP) — At this rate, no one will want to be No. 1.

Indiana became the fifth straight top-ranked men's college basketball team to lose, falling to unranked Illinois 74-72 on a buzzer-beater by Tyler Griffey on Thursday night.

The senior forward took an inbounds pass with 0.9 seconds to play and made a wide-open layup. And, just like that, the Hoosiers — who moved into the top spot by beating then-No. 1 Michigan just a few days ago — went down.

Indiana coach Tom Crean, whose team has been No. 1 for a total of seven weeks this season after opening there, doesn't know why the top spot is suddenly so hard to hang on to.

"I can't answer that. I'm not sure," Crean said. "I just know that these games are 40-minute games. We played at a high level for most of the game."

The Hoosiers (20-3, 8-2 Big Ten) were in charge until the final 3 1/2 minutes when the Illini (16-8, 3-7 Big Ten) finally put together a run to take and then retake the lead.

"I know this: When we turn the ball over, we're not very good," Crean said. "And the biggest difference tonight was 28 points off turnovers to our 16."

Hoosiers guard Jordan Hulls said flatly that the top rank had nothing to do with Thursday's loss, even for a team that some worried might be looking past unranked, slumping Illinois to a meeting Sunday with No. 10 Ohio State.

"We just didn't execute when we needed to," he said.

If Indiana falls from No. 1 on Monday, No. 2 Florida might not be a candidate to replace the Hoosiers after the Gators' loss this week to Arkansas. That could put No. 3 Michigan back on top if they can make it to Monday without a loss.

For the Hoosiers, nothing could have been worse than the way Thursday's game ended.

With 0.9 seconds, Griffey left defenders Cody Zeller and Christian Watford behind on an inbounds play from the baseline, took the pass from Brandon Paul and delivered the uncontested buzzer-beater.

The shot sent hundreds of students onto the court, though they waited as officials checked the replay to make sure the clock hadn't beaten Griffey. Once the basket was upheld, Paul and fellow guard D.J. Richardson hugged and teared up in relief.

Illinois had endured an awful run since starting 12-0. The Illini had since lost eight of 11 and fallen to 10th in the 12-team Big Ten.

Griffey, who had struggled as bad as any Illini player, seemed surprised at how easily the winning shot came.

"I just made a simple curl cut and left two guys behind me, and Brandon got off a heck of a pass," he said. "Zeller and Watford were both right in front of me and just kind of stayed there."

Crean said the play was a lot like the other breakdowns in the Hoosiers' game that let Illinois climb back from a 12-point halftime deficit.

"We didn't communicate," he said.

Indiana's loss drops them into a three-way tie for first in the Big Ten with Michigan and Michigan State. The win moves the Illini up into a ninth-place tie with Iowa but, more importantly, provides a potential lifeline ahead of a meeting Sunday at No. 18 Minnesota.

"It was good to get back to having that toughness and togetherness and trust that we needed," Illinois coach John Groce said.

Illinois also added a plank to what may be one of the oddest resumes of any team in the country trying to make the NCAA tournament. Illinois has lost to Purdue, Northwestern and twice to Wisconsin. But coming into Thursday night, the Illini had already beaten three teams now in the top 15: No. 6 Gonzaga, No. 10 Ohio State and No. 14 Butler.

Before Thursday, Illinois hadn't beaten a No. 1 team since a win over Wake Forest in 2004.

Richardson had 23 points for Illinois, Paul had 21 and Griffey finished with 14 points and eight rebounds.

Zeller led Indiana with 14 points, while Will Sheehey had 13, Watford 12 and Hulls 11.

Indiana shot 50 percent from the field (25 of 50), 52.9 percent from 3-point range (9 of 17) and 93 percent from the free throw line (13 of 14). The Hoosiers led by an eight- to 10-point margin for most of the second half.

When 6-foot-11 Nnanna Egwu fouled out with just under 5 minutes to play, Indiana appeared in control. Watford made both free throws and, at 69-59, the Illini looked done.

But Richardson went on a one-man run, first burying back-to-back 3-pointers and then hitting a midrange jumper on the run to tie it at 70 with 1:17 to play.

With the clock under 30 seconds and the game tied at 72, Indiana had the ball for what would have been a last shot but Victor Oladipo coughed up the ball. Richardson picked it up and tried a breakaway layup that Oladipo just swatted out of bounds to set up the final play.

Groce credited Richardson for providing a spark.

"I thought he was absolutely terrific on both ends of the floor," Groce said. "He battled, he fought."

Griffey was benched several weeks ago after a blowout loss at Wisconsin. On a team that had lost its shooting touch, the senior forward had especially struggled. And, though one of Illinois' bigger players at 6-9, he wasn't adding much to the inside presence the Illini desperately needed.

Groce said that, even after he benched Griffey, he never gave up on him.

"I just have told him numerous times here I believe in him," the first-year Illinois coach said. "I do."

Read More..

Obama Needs to Be Brutally Honest About Climate Change in His State of the Union

President Obama surprised even his most ardent environmental backers with his impassioned inaugural pledge to fight climate change in his second term. In the State of the Union address Tuesday, he’ll need to tell Congress and the American people how—specifically—he plans to take on the challenge.

If he’s honest, it won’t be pretty.

In his first term, Obama rarely spoke about the urgent and fearful nature of the climate crisis, or how long and difficult—politically, economically, and diplomatically—it will be to solve. While the country languished in the depths of the Great Recession in 2009, the president’s advisers told him that talking about an environmental problem—especially one on the scale of global warming—was political poison. They cooked up a way to reframe the issue. Rather than describing the perils of rising sea levels, Obama promised the nation he’d jump-start the economy with a shiny-sounding clean-energy plan that would soon create millions of green jobs.

The speech that launched Obama’s second term signals that he intends to talk about a grimmer but more honest reality. “None can avoid the devastating impact of raging fires and crippling drought and more powerful storms,” he said. Instead of promising a wealth of green jobs just around the corner, he said, “The path towards sustainable energy sources will be long and sometimes difficult.”

That’s a far less rosy, but more clear-eyed, view of what’s to come.

Those close to the president expect him to talk a lot less about the glories of green jobs in the second term, and a lot more about the long-term struggle ahead to overcome the challenge of climate change. That’s a much less pleasant message, but it may be necessary to prepare the public for what’s to come.

In a sense, Obama doesn’t have to sugarcoat things this time around. Unlike four years ago, when a cap-and-trade proposal to restrict carbon emissions was still on the table, the president has no reason to anticipate any cooperation from Congress in forging a climate plan. To take serious action, he is expected instead to use the Environmental Protection Agency to wield his executive authority to roll out aggressive, top-down regulations requiring coal-fired power plants, oil refiners, and other polluters to slash their carbon emissions—a move that will trigger intense pushback from Republicans and the fossil-fuel industry.

“He is not playing politics when he says the clean-energy transition will take time,” said Betsy Taylor, a Democratic strategist who works with many of Obama’s biggest donors. “He is preparing the public and his supporters for the ferocious battles we can expect over EPA regulations of coal plants, of hydrofracking, and of carbon. He is ready to fight these fights, but he is reminding all of us that he cannot do it alone.”

If he is candid, the president will detail how staggeringly difficult it will be to take on climate change in a meaningful way. Today, 95 percent of the nation’s cars are fueled by petroleum, while fewer than 5 percent are electric or hybrid vehicles. Fossil fuels generate 80 percent of our electricity, while only about 5 percent comes renewable sources such as wind and solar.

Tackling climate change means setting in motion a tectonic, disruptive shift to the 150-year-old energy economy that will eventually shift those ratios. This daunting challenge will take decades to achieve, and it will require technological breakthroughs not yet on the horizon. It will mean that fossil-fuel industries—particularly coal, and the people who work to produce it—will almost certainly take a big hit.

And no matter how much the United States does on its own to cut emissions, it won’t be enough to stave off the most devastating effects of climate change, unless other economies also agree to difficult cuts. That particularly means China, which is now the world’s largest emitter, and India, which is projected to triple its emissions in the coming decades. Changing the climate’s trajectory will involve brokering historically consequential economic treaties with those nations.

Along the way, yes, new jobs and economic opportunities will probably arise in some sectors of the economy. If the world’s largest economies do forge a binding climate treaty, it will spur a race to create those clean technologies, and the countries and companies that win the race will see great profits.

That’s an incredibly difficult message to sell to the American public. But if there’s any moment in which Obama might be able to do it, it’s now, particularly in the wake of superstorm Sandy and last year’s record drought, which devastated U.S. crops and contributed to deadly wildfires.

Polls show that a growing number of Americans accept that human activities are causing the planet’s atmosphere to warm and setting off harmful effects—and that they’re willing to pay. In a September 2012 poll by the Yale Project on Climate Change Communication, 88 percent of respondents said the United States should make an effort to reduce global warming, even if it has economic costs.

Still, selling the reality of those costs to the recession-weary public would be more than a rhetorical achievement. Some historians suggest that one way Obama could do it is by evoking the other circumstance in which Americans have sacrificed for a collective good.

“It’s the way that presidents used to talk about war,” said David Cohen, a scholar of the U.S. presidency who teaches at the University of Akron. “The American public—up until 9/11—was willing to sacrifice for war. They knew there would be sacrifices, whether it was prices they’d pay or goods they’d give up. He has to sell this as a threat to the country’s national security. If he can couch it in those terms, he should be able to bring other people from across the political spectrum.”

But Cohen added, “It’s going to be a very hard thing to do.”

Weather News Headlines – Yahoo! News

Read More..

Why I dread Chinese New Year

Kids see Chinese New Year through rose-tinted glasses.

STORY HIGHLIGHTS

• Zoe Li: As an adult, Chinese New Year is an annual nightmare


• It's a time when relatives have the right to be judgmental


• Superstitious Chinese New Year foods often aren't that tasty

(CNN) -- For me, Chinese New Year used to be fun.

When I was a kid, I was excited during Chinese New Year when I got lai see and I could stay up late. I even had access to candy, a once-a-year treat while living under the roof of my Tiger Mom.

Riding strong on the sugar highs, I always thought to myself, this is what it must feel like to be an adult. I was flush, free and giddy.

Then at some point in my twenties, Chinese New Year became a chore. Not any garden variety chore, but a cold-sweat-inducing family obligation that I try hard to avoid.

As an adult, Chinese New Year is an annual nightmare, for the following reasons:

1. I find it sucks when you are single

Single twenty-something? Smile while you can until the interrogation begins.

Relatives feel that they have a right to judge you because you do share bits of DNA, so, really, it's almost like they're judging themselves.

Typically, the extended family gathers for Chinese New Year and spends an inordinate amount of time together, during which people get bored and focus their restlessness on judging the younger generation, particularly those who are single.

Singledom means a lack of responsibilities and responsibility-free people need to be reined in by the wisdom of elders, or they will be reckless with their directionless lives.

Here are some unavoidable conversations at Chinese New Year. By "conversations" I really mean monologues by one Wise Elder or another, fired away at a particular Single Younger in a trance-like manner:

"Why don't you have a boyfriend? If you have a boyfriend, why don't you get married?"

"Why are you not dieting at least a little bit? Second Cousin Yong Yong will have to start bringing clothes from America for you."

"What happened to your hair? Blue is not such a good color for us Chinese people."

"Are you saving up for an apartment? Why not? The most important thing in life is to have a roof over your head. You don't want to be homeless, do you? What if the economy collapses again? At least you will have an apartment."

"Why don't you get a better paid job? You are wasting your talent. You will regret your life."

2. I am employed

I loved the great Chinese tradition of gifting lai see. Getting HK$20 for no reason other than tradition really rocked my seven-year-old world.

I have an income now, so twenty bucks here and there doesn't make a huge difference, but I still retain that childhood anticipation for the red packets. It's just a bit disappointing when I open up an envelope and it isn't concealing a massive check.

And it's the guilt from feeling disappointed that makes me really hate Chinese New Year for making me hate myself.

It's just like being unable to conceal your letdown expression when unwrapping that pair of socks at Secret Santa parties.

Gifting is a heartwarming tradition. It's the thought that counts. I am not supposed to care. I am a bad person.

There's even worse.

Chinese New Year gambling is just out of hand.

Now that I have a job, I'm expected to bet real money at The Mahjong Table, a no man's land filled with hidden agendas, treacherous scheming and Janus-faced traitors.

If you beat your elder relatives at mahjong one too many times, beware their wrath. It really hurts when you get hit by a mahjong tile.

If you lose on purpose to your elders and are unable to skillfully conceal your purposefulness, you risk looking patronizing.

It will put them in a bad mood and lead to a vengeful "what are you doing with your life" interrogation later. See point number one.

If you're simply crap at the game, you lose a load of money and will probably be judged for being not very intelligent. See point number one again.

3. I like good food

Chinese New Year cake is good only when it's homemade.

When foreigners make jokes about Chinese eating weird foods, I cringe.

When Chinese New Year comes around, I'm the one making the damn jokes.

At this time of year, we do get some incredible festive dishes.

And then there are those odd ones that make you feel like the taste, texture and nutritional content of food have all become irrelevant -- we only eat for superstitions.

Lots of Chinese New Year foods are auspicious in meaning, but atrocious in taste. I propose that we at least get rid of these three that are now out of touch with our lives:

Chinese New Year cake

Called "leen go" in Cantonese ("niangao" in mainland China), the name sounds auspicious and means "to progress more and reach higher every year."

The cake is made from glutionous rice, sugar and flavored with red bean paste or jujubes. Cut into thin slices, dip into beaten eggs and pan fry until it's gooey on the inside and crisp on the outside.

The problem is, no one makes these at home anymore and the store-bought version is bland and stodgy, like eating slices of caulking.

Since glutinous rice is considered difficult to digest for the elderly, us Single Youngers who have nothing to lose are forced to finish the plateful.

Sugared lotus seeds

Back in the day -- before globalization brought us jelly beans and Sugus, before the invention of Coca-Cola, before Christopher Columbus brought cocoa beans to the Old World -- eating sugar-coated lotus seeds during Chinese New Year seemed like a good idea.

Today, we have so many more delicious ways to feed our sweet tooth, so why do people still buy sugared lotus seeds?

They look like mothballs, taste one dimensional and feel like a marble of sand broken upon the tongue.

The name "leen tsi" sounds like "to birth sons each year." No one in the family likes to eat them and most of them already have kids, which means us Single Youngers have to swallow.

Gok tsai

These are deep-fried sweet dumplings. The skin is a thick, lifeless pastry made from lard, the filling is a mind-numbingly sweet blend of sugar and nuts.

Its shape and color makes it, somewhat, resemble a gold ingot. Eating these symbolize prosperity for the new year.

If I had to run a marathon, I might appreciate the fat bomb. But the only thing that I run are scripts on my browser.

That point, like the others in this post, is lost on the Wise Elders, wise as they are.

The opinions expressed in this commentary are solely those of Zoe Li. A former CNN employee, Zoe is a Hong Kong resident and edits the Hong Kong section of BLOUIN ARTINFO.

Read More..