free web site traffic and promotion

Misha B: The X Factor experience gave me a thick skin - BBC News

Misha B: The X Factor experience gave me a thick skin - BBC News

Misha B

As she launches her solo career Misha B says her time on the last series of X Factor taught her to have a "thick skin".

The 20-year-old from Manchester finished fourth in the eighth series of the ITV1 talent show.

During the competition Misha was accused of bullying another contestant by judge Louis Walsh.

She said some of the criticism she received in the media was "not easy" and had been "intense" at times.

'Outrageous headlines'

Misha B said: "The whole world's watching you, you're criticised and judged based on everything. People stick with the judgement based on what they see on the TV."

The singer, who is now signed with Relentless Records, left the programme at the semi-final stage in December 2011.

The majority of the stories I thought, 'They can't be talking about me because this didn't even happen'

Misha B

"Me, Janet [Devlin] and some of the other girls joked about the headlines all the time. Some of the stories were outrageous. These are peoples' lives here.

"The majority of the stories I thought, 'They can't be talking about me because this didn't even happen'.

"Being a contestant things are out of your hands anyway. I learned you've got to be thick skinned, take everything with a pinch of salt. Don't believe your own hype."

However, she is grateful for the platform the show has provided for her. She'll support Nicki Minaj on her UK arena tour later this year.

"If it wasn't for X Factor I wouldn't see myself where I am right now," says Misha.

"The journey really begins because we're in the real music industry now."

Her debut single Home Run is out now.



Biffy Clyro reveal new double album and single names - BBC News
Simon Neil from Biffy Clyro Biffy Clyro will release new single Stingin' Belle on 17 September

Biffy Clyro say that their sixth studio album will be called Opposites.

Front man Simon Neil introduced the first single from the double record on Zane Lowe's Radio 1 show, a track called Stingin' Belle.

"Each album is the exact opposite vibe to the other lyrically," said Neil talking about the album concept.

"One's about putting things in the worst possible way and thinking you're getting yourself into a hole. The other looks at things more positively."

The band had previously announced that the double album would consist of two parts titled The Land At The End Of Our Toes and another titled The Sand At The Core Of Our Bones.

A release date is still to be confirmed.

The band debuted three more tracks from Opposites at this year's Download Festival - Modern Magic Formula, The Joke's On Us and Victory Over The Sun.

No limits

Speaking from their studio in Los Angeles, Simon Neil said they had picked new track Stingin' Belle because it represented the album.

"It was one of the first songs that really clicked when we were recording it," he said.

"We've been playing that one in the practice room for about a year or so.

We've been able to spend time [on the record]. Anything we wanted to try we've been able to try. Hopefully we've mastered it on this record

Simon Neil from Biffy Clyro

"It shows how over the top the album is. Hopefully it shows that we're not putting limits on this record.

"Potentially it might be our last really over the top record. Stingin' Belle is a good representation of where the double album's going."

Biffy Clyro have also played the Isle of Wight Festival this summer and will perform at London's iTunes Festival on 22 September.

Simon Neil says the new double record feels like the end of an era.

"We've been able to spend time [on the record]," he said.

"Anything we wanted to try we've been able to try. Hopefully we've mastered it on this record. I hope when people hear it they really love it.

"I think we've gone as far as we can. We're still keeping things musical.

"We're still being as weird as we've always been but also making it an enjoyable listen.

"We wanted to make the first double album that you could enjoyably listen to from start to finish."



UPDATE 2-Jupiter mutual fund inflows accelerate - Reuters

Wed Aug 1, 2012 4:23am EDT

* Interim dividend 2.5 pence

* Profit before tax 31.2 million pounds

* Assets under management 23.4 billion pounds

By Chris Vellacott

LONDON, Aug 1 (Reuters) - Jupiter Fund Management reported an acceleration of flows of money into its core mutual funds business during the second quarter of the year as outperformance by the bulk of its funds helped it defy the fear stalking financial markets.

Net flows to its mutual funds reached 265 million pounds ($415.2 million) over the first half of the year, the bulk of it in the second quarter, and was complemented by a 103 million pounds boost to its private clients business.

Flows of new investment were largely driven by its Merlin fund of funds range and bond funds, the company said in an earnings statement on Wednesday.

Chief Executive Edward Bonham-Carter attributed much of the pick-up in new retail business to the fact that mutual funds managing more than three quarters of its assets outperformed benchmarks over a key three-year time period.

"That's a key period for us, both because we encourage medium term investing and three years is probably the minimum period and also it's crucial for marketing reasons," he told Reuters in an interview.

The rate of new business being booked was at the high end of analyst expectations and Jupiter's shares were trading 3.0 percent higher at 224 pence by 0819 GMT, against a 0.4 percent gain by its benchmark FTSE 250 mid cap index.

"A highly creditable performance given a very difficult quarter for investor sentiment and given that most industry retail flows remain directed towards fixed income," said analysts at Numis Securities in a note to clients.

Jupiter, has started to place more emphasis on boosting its offer of bond products and diversify from its core equities funds ranges.

Last month it announced the appointment of Miles Geldard to head a newly merged fixed income and multi-asset team, managing around 2 billion pounds, and the departure of its head of fixed income John Hamilton after 21 years.

However, the previously flagged loss of a 560 million pounds segregated institutional mandate kept overall flows negative over the period, to the tune of 302 million pounds.

Bonham Carter said the demographic trend of an ageing population and pension funds switching out of stocks as more of their clients reach retirement has posed a tough challenge to equities focused fund managers.

"UK pension funds have been steadily reducing their equity allocations and we've been a victim of that as others have been," he said.

"On the other hand we have been picking up specialist mandates from institutional and sovereign wealth funds as well."

Total assets under management stood at 23.4 billion pounds on June 30, up from 22.8 billion at the end of 2011, the company said.

Jupiter warned it is operating against a volatile economic backdrop dominated by the ongoing Euro zone crisis.

"It is clear the Eurozone crisis has not been solved and the outlook for economic growth in developed markets remains poor," the company said in a statement.



China big city spenders confound global gloom - survey - Reuters UK

BEIJING | Wed Aug 1, 2012 8:00am BST

BEIJING Aug 1 (Reuters) - Consumer optimism in China's biggest cities rose to its highest in nearly three years in the second quarter of 2012 even as global economic gloom knocked the national average down from a more than six-year high, a survey showed on Wednesday.

The rise in confidence among consumers in China's so-called Tier 1 cities was fuelled by a combination of improving job prospects, better personal finances and a greater willingness to spend, said the survey by global information company, Nielsen.

The Tier 1 city consumer confidence index was the only one of five regional sub-indexes to rise quarter-on-quarter, but the bounce to 107 from 101 in the first three months of the year still left China's big city sophisticates lagging their rural cousins according to the quarterly survey of 3,500 consumers.

Rural consumers remained the most optimistic - they have been since the first quarter of 2011 - despite the regional confidence index registering a six-point quarterly drop to 113.

Growth in the world's second-largest economy was fuelled by strong domestic spending in the first half of the year, and China has said it is a top priority to boost consumption as a means of adjusting its economic structure.

China's cities are divided into tiers for administrative purposes. Tier 1 comprises China's four biggest cities, Tier 2 the key provincial capitals, with Tiers 3 and 4 established by population size and economic output. Rural areas are separate.

Rural consumers had the highest confidence level on employment prospects, with 92 percent saying the jobs outlook was excellent or good, unchanged from the first quarter survey.

Tier 1 consumers were next most optimistic about jobs - and again the only group registering a quarter-on-quarter improvement - with 59 percent describing job prospects over the next 12 months as excellent or good.

Tier 1 consumers were particularly upbeat about service sector job opportunities - vital to Beijing's plan to rebalance an economy mainly focused on manufacturing and investment.

China's consumers on average remain among the most optimistic internationally.

While the headline China index dropped to its lowest since the third quarter of 2011, the reading of 105 was still 14 points above the world average in the Nielsen global survey of consumer confidence and spending intentions that polled more than 28,000 consumers in 56 countries.

TIER 2 TURNS DOWN

But consumers in Tier 2, Tier 3 and Tier 4 cities all cited a reduction in job prospects for the coming year - the sub-index for Tier 2 sank 14 points to at least a four-quarter low.

China's overall labour market, however, remains tight with official figures showing more job vacancies nationwide than there have been for around a decade, despite six straight quarters of slowing growth and an export downturn that is biting into the vast manufacturing sector.

Tier 2 consumers also suffered the sharpest drop in confidence about the health of their personal finances.

A slowing economy and reduced job prospects were cited as souring outlooks to leave only 58 percent of respondents seeing excellent and good prospects in the year ahead, down 13 points on the quarter.

China's top leaders said on Tuesday they would enhance pro-growth policies in the second half of the year, although there are signs of stabilisation in the economy.

The overall decline in consumer confidence unsurprisingly pushed down the national willingness to spend in China to its lowest in three quarters, though Tier 1 consumers again bucked the trend with a fourth straight quarter of improvement.

The survey showed that consumers aged 30-39 were more willing to spend than those below 30 for the first time since the last quarter of 2011.

Digital appliances, home appliances and furniture top shopping lists for both demographics. Some 44 percent of Chinese consumers under 30 plan to buy digital appliances versus 35 percent of those aged 30-39.

The annual rate of retail sales growth in China has slowed in recent months, but remains firmly in double digits.

Domestic consumption was revealed to be the biggest driver of economic output in the first half of 2012 when data was published last month, contributing 4.5 percentage points to the overall rate of 7.6 percent. Capital spending added 3.9 percentage points and exports were a 0.6 percentage point drag. (Editing by Jacqueline Wong)



US STOCKS-Wall St dips as traders gear up for Fed; ends July up - Reuters

US STOCKS-Wall St dips as traders gear up for Fed; ends July up - Reuters

Tue Jul 31, 2012 4:45pm EDT

* Apple supports Nasdaq, new product to debut in September

* Coach worst S&P 500 performer after sales miss

* Facebook posts record closing low

* S&P 500 up nearly 10 pct so far in 2012

* Dow off 0.5 pct, S&P 500 off 0.4 pct, Nasdaq off 0.2 pct

By Rodrigo Campos

NEW YORK, July 31 (Reuters) - U.S. stocks fell on Tuesday with traders' sights set again on Wednesday's Federal Reserve statement on the economy and a possible new round of stimulus.

The Nasdaq Composite, which underperformed on Monday, was the smallest decliner among the three major U.S. stock indexes in Tuesday's session, thanks in part to Apple shares' gain of 2.6 percent after a source said a new product will makes its debut at an event in September. Apple closed at $610.76.

Volume was below average as Wall Street wrapped up its second consecutive positive month, with most of the monthly gains accumulated last week on hopes for more action from both the Fed and the European Central Bank. The ECB will meet on Thursday.

"Markets seem to be moving on talk, but I don't think that's going to be enough in the next few days," said Subodh Kumar, chief investment strategist at Subodh Kumar & Associates in Toronto. "I think the market risks being disappointed in terms of substance."

Coach slid 18.6 percent to $49.33 after the upscale handbag and leather goods maker reported lower-than-expected fourth-quarter sales. That drop was the worst single-day percentage drop for Coach's stock since Sept. 17, 2001, which was the first trading day after the Sept. 11 attacks on the World Trade Center and the Pentagon. Coach was the S&P 500's biggest loser in Tuesday's session.

For the month of July, the Dow rose 1 percent, while the S&P 500 climbed 1.3 percent and the Nasdaq added 0.2 percent. After seven months, the S&P 500 has gained nearly 10 percent for the year, despite a slowing world economy.

In Tuesday's session, the Dow Jones industrial average fell 64.33 points, or 0.49 percent, to 13,008.68 at the close. The S&P 500 Index dropped 5.98 points, or 0.43 percent, to 1,379.32. The Nasdaq Composite lost 6.32 points, or 0.21 percent, to 2,939.52.

About 6.5 billion shares changed hands on the New York Stock Exchange, the Nasdaq and Amex, below the 2012 daily average of 6.74 billion through Monday's close.

Roughly seven issues fell for every five that rose on both the New York Stock Exchange and the Nasdaq.

Cirrus Logic was also one of the Nasdaq's top gainers a day after the maker of integrated circuits posted a better-than-expected quarterly profit. Its shares shot up 23.2 percent to close at $36.77.

Facebook shares slid 6.2 percent to $21.71, their third consecutive record closing low, after a lackluster quarterly report last week showed decelerating user growth.

Pfizer Inc stock rose 1.4 percent to $24.04 after earlier hitting $24.48, its highest level since December 2007. The largest U.S. drugmaker reported higher-than-expected quarterly earnings and affirmed its 2012 profit forecast.

According to Thomson Reuters data through Tuesday morning, of the 321 companies in the S&P 500 that have reported second-quarter earnings to date, 67.3 percent have reported earnings above analysts' expectations. Over the past four quarters, the average beat rate is 68 percent.

U.S. home prices rose for the fourth month in a row in May, suggesting the housing market's recovery kept gaining traction, even as the broader economy is still struggling. Other data showed consumer confidence unexpectedly rose in July but spending fell in June for the first time in nearly a year as Americans saved more.


HootSuite: Automatically post RSS Feeds to Google+, Twitter and Facebook - Ghacks Technology News

HootSuite: Automatically post RSS Feeds to Google+, Twitter and Facebook - Ghacks Technology News

While it is still possible to largely ignore social networking sites as a webmaster, it is already becoming apparent that webmasters without a social marketing strategy will eventually fall behind webmasters who use these new sources of traffic and engagement. What more, it is likely that Google will continue to push its Google+ service, and one of the fallouts from this will be a deeper integration into the company’s ranking algorithm.

Manual updates and posts are ideal when it comes to posting on social networking site, not only for engagement but also to make sure that readers who are subscribed to a site’s RSS feed do not read the same message on social networking sites they follow it on repeatedly.

Sometimes though you simply may not have the time to post manually to the important social networking sites, and that’s when automated posting solutions may come into play.

Hootsuite for the most part if a commercial service that allows webmasters to monitor social networking traffic. One of its features is the option to automate postings on social networking sites such as Google+, Twitter or Facebook, and that’s what this guide is about.

First thing that you need to do is create an account over at Hootsuite and add at least one social networking account to it. The service supports the following sites:

  • Twitter
  • Facebook
  • Google+ (only pages)
  • LinkedIn
  • Foursquare
  • WordPress
  • MySpace
  • Mixi

add social network

Once you have added at least one social networking account, you see each account listed in its own tab in the Hootsuite web interface. Locate the publisher link on the left sidebar and select RSS Feeds from the available options there.

post rss google plus

To add a new RSS Feed simply click on the plus icon in the interface and fill out the configuration form that opens up. You need to select the social networking profile that you want to post on and the feed url that you want to use for the automated posting of messages. A maximum of one post is posted to the selected social networking site which you can change in the options to up to five posts in hourly intervals. Once that is done the service will automatically post to the social networking profile.

The majority of features that the site offers, scheduled posting and statistics, are not available for free users of the service.

You can remove social networking sites from Hootsuite under members in your main dashboard. When you do that, you may still need to revoke access on the social networking site as well (this was for instance the case for Twitter).

Hootsuite is excellent if you are looking for a free service that allows you to post RSS Feeds automatically to popular social networking sites.

Related Articles:

Google Plus, Facebook, Twitter: Where Will You Be In One Year’s Time?
Gooce+, Add Facebook, Twitter, LinkedIn To Google Plus
Embed Facebook, Twitter, Google Plus Without JavaScript
Post Twitter and Facebook status from the GNOME panel
Google Reader Automatically Translates Feeds

Enjoyed the article?: Then sign-up for our free newsletter or RSS feed to kick off your day with the latest technology news and tips, or share the article with your friends and contacts on Facebook, Twitter or Google+ using the icons below.



Author: , Tuesday July 31, 2012 -
Tags:, , ,


Leave a Reply   Follow Ghacks   Subscribe To Comment Rss



Crude oil victory for city law firm - This is Scunthorpe

A HULL law firm has sailed to the aid of its client in a unusual law case concerning $70 million of crude oil.

The high-profile law case revolved around the Ratna Shradha, a vessel that was chartered to transport oil from Port Sudan to Japan.

  1. international work: David Hall, left, and Dominic Ward, of the shipping and transport department at Andrew Jackson. Picture: Simon Renilson

The oil had been transported from the Republic of South Sudan (RSS), which, due to its landlocked nature, has to pump its oil to the Red Sea via a pipeline across The Republic of Sudan (ROS).

To earn oil revenues, ROS charges RSS pipeline and service charges, but cannot agree on a transit price.

In this case, RSS refused to pay the charges, claiming they were too high. As a result, ROS seized the oil in the pipeline and at the port.

However, some of that oil was loaded on board a vessel belonging to Andrew Jackson's client, which was chartered to carry the oil to Japan.

On January 25, the vessel owners received a letter in their Calcutta office from the RSS Minister of Justice, which alleged the cargo was the property of RSS.

It stated the cargo had been "misappropriated by ROS", the allegation being that by accepting the cargo on board the vessel, the owners had knowingly received stolen property.

Dominic Ward, head of the shipping and transport department at Andrew Jackson, said: "The ship owners were carrying a cargo of crude oil when they were faced with a claim from the Republic of South Sudan for the value of the oil – $70 million – alleging the Republic of Sudan had stolen the cargo.

"The action we took resulted in the cargo being discharged, pursuant to a court order that protects the ship owner against the claim and frees the vessel to continue with her trading pattern, which, for tankers such as this, can mean earnings of tens of thousands of dollars per day."

After receiving the letter, which required the owners to hold the cargo for the benefit of RSS and deliver it to buyers, an application was made to the High Court for an order that, pending determination as to whether ROS or RSS own the oil, the ship-owners were entitled to refuse the charterers discharge orders.

The charterers made a cross-application that the oil be discharged in Japan but that the proceeds of sale be paid to the court until ownership issues were resolved.

The court ordered that the ship owners should discharge the cargo but by doing so they were not guilty of any wrongdoing, provided the price was paid to the court.

The cargo has now been discharged and the Japanese buyer paid the price to the High Court.

Two other vessels that loaded oil at Port Sudan at the same time remain anchored in Sudan and Singapore, still with their original cargo on board.

The news comes just weeks after the Mail reported another high-profile shipping case in which Andrew Jackson secured victory.

That case that involved a vessel named Crudesky being held for 44 days in an African port.

Mr Ward said: "Following the recent case of Crudesky, the case involving Ratna Shradha further demonstrates the quality of international work that we are able to bring to Hull."



United strike Chevrolet shirt deal - Football

United strike Chevrolet shirt deal - Football

Published: 30 Jul 2012 - 16:17:07

Manchester United have announced a seven-year shirt sponsorship deal with General Motors.

Chevrolet, the club's official car partner, will become only the fifth shirt sponsor in the club's 134-year history from the 2014-2015 season, in an agreement that has been signed for an undisclosed amount.

United's commercial director, Richard Arnold, told the club's official website, www.manutd.com: "This is a fantastic, long-term deal for the club. We have been partners with Chevrolet for only six weeks, but already they have produced some fantastic ideas that will benefit both the partnership and our 659 million followers around the world."

Arnold added: "They are a key partner on our current tour and I know they have enjoyed experiencing the buzz generated by our fanatical support and the sell-out crowds in South Africa, China, and Europe.

"It is a great thrill for those of us who work with partners all year round when an existing partner steps up to being one of our principal partners. This commitment to United and its fans will bring real benefits to everyone who cares about the club."

Chevrolet will replace Aon, whose partnership with United began in the 2010/11 season.

Alan Batey, General Motors' North America vice-president, US sales and service, said: "We are extremely proud to connect our brand, Chevrolet, with Manchester United and its passionate supporters all around the world.

"Manchester United's statistics are impressive, but this relationship goes far beyond the numbers - this relationship is about connecting our brand with the deep-seated emotion that surrounds the team everywhere it goes.

"When you consider the core values of Chevrolet, our passionate customers around the world, and our rich 100-year history, the partnership with Manchester United is a perfect fit.

"And, to be only the fifth name on the iconic red jersey is a genuine honour. We very much look forward to the road ahead and the opportunities we have in partnering with such a legendary club."



Related Manchester United News



NY comptroller says MTA sided with Apple for Grand Central Store - Reuters UK

NEW YORK, July 30 | Mon Jul 30, 2012 8:02pm BST

NEW YORK, July 30 (Reuters) - New York's Metropolitan Transportation Authority gave Apple Inc an inside advantage landing a lease for the technology company's store in Grand Central Terminal, according to an audit New York State Comptroller Thomas DiNapoli released Monday.

The MTA for more than a year worked behind the scenes exclusively with Apple on the lease before issuing a request for proposals, the state comptroller's office said, citing its auditor's' report. That resulted in only one response, and that was from Apple, the state comptroller's office said.

"While Apple may turn out to be a good tenant, the MTA set a troubling precedent when it played favorites and gave Apple a competitive edge over others for the Grand Central space," DiNapoli said in a statement. "Apple was directly involved in setting the terms of the lease and given exclusive access to information more than a year before any other vendor knew the Grand Central location was available."

Apple, based in Cupertino, California, signed a $2 million agreement with the former tenant, Metrazur, to vacate its space five days before the MTA issued the RFP, the comptroller said.

The MTA shot back calling the audit "not fact-based" and its conclusions "worthless," and questioning the department's ability to opine on real estate deals.

"The Comptroller's audit staff clearly has no understanding of how high-profile commercial real estate works, given the shockingly inaccurate and clearly biased audit they issued. The MTA's lease process with Apple was open, transparent and followed both the spirit and letter of the law," Joseph Lhota, MTA chairman and chief executive officer, said in a statement.

Auditors at the comptroller's office examined the Apple lease while completing a follow-up audit of the MTA's real estate practices. They found that only two of 12 recommendations from the 2010 audit had been fully implemented.

DiNapoli is recommending a statutory change to increase oversight of public authority contracts exceeding one million dollars. "Because the MTA lease to Apple was purportedly a competitive process, it was not eligible for the Comptroller's review before it was finalized," the comptroller's office said.

Michaela Wilkinson, an Apple spokeswoman, declined comment. (Reporting by Ilaina Jonas; Editing by Gary Hill)


Pussy Riot members go on trial in Moscow - BBC News

Pussy Riot members go on trial in Moscow - BBC News

The head of the Russian Orthodox Church, Patriarch Kirill, has said the act amounted to blasphemy

Three members of Russian punk protest group Pussy Riot have gone on trial, in a case that has divided Russia and inflamed the religious establishment.

They were taken into custody in February after singing a song protesting against President Vladimir Putin in Moscow's main cathedral.

The song outraged the Russian Orthodox Church. It accused them of blasphemy.

Supporters say the case reflects the state's growing intolerance of government opponents.

At the start of the trial, the three women, Nadezhda Tolokonnikova, Maria Alyokhina and Yekaterina Samutsevich, were led into court in handcuffs, and locked into a cage of bullet-proof glass.

In court, Nadezhda Tolokonnikova said they would not plead guilty, but that did not mean they were not prepared to apologise for the pain their performance in the cathedral had caused.

They each stood up and answered a series of questions from the judge in turn, which included their educational level, citizenship and the birth dates of their children.

At the scene

We watched as the three young women were led down the concrete stairs and into the courtroom.

Their handcuffs were only removed once they were locked inside the bullet-proof cage.

As so often in this case, they were smiling despite their imprisonment. But their relatives sitting only a couple of metres away looked nervous.

The women are facing the charge of hooliganism motivated by religious hatred or hostility and could face up to seven years in prison.

In an interview with UK newspaper The Times, which was also broadcast on Russian TV, Russian Prime Minister Dmitry Medvedev has said it is up to the court to decide whether the women have committed a crime.

"This case is a high-profile one because it really is about our understanding of the rights and freedoms of an individual.

"However, there will always be differences in the perception of what is permitted and what is not permitted from a moral point of view and of where moral misdemeanours transform into criminal offences."

Bail denied

The women caused outrage when they stormed on to the altar of Christ the Saviour Cathedral, and sang an obscenity-laced song that implored the Virgin Mary to "throw Putin out".

The head of the Russian Orthodox Church, Patriarch Kirill, has said the act amounted to blasphemy.

The case has divided Russia, with many feeling the women have been too harshly treated, and are being made an example of as part of attempts to clamp down on the opposition, the BBC's Daniel Sandford reports from the court.

Two of the women have young children, and all three have repeatedly been denied requests to be given bail while awaiting trial.

Pussy Riot made headlines around the world late last year when footage of their controversial public performances at Moscow landmarks such as Red Square attracted millions of viewers on the internet.

More than 100 prominent Russian actors, directors and musicians have urged the authorities to release the three.

Western musicians such as Sting and the Red Hot Chili Peppers have also criticised the women's arrest.

Activists have said the case indicates that President Putin, now serving a third term in office, is not heeding calls for him to be more tolerant of political opponents.



FOREX-Euro slips on profit-taking as ECB action awaited - Reuters

Mon Jul 30, 2012 4:54am EDT

* Euro pulls back from three-week high hit on Friday

* Expectations grow for ECB action

* But traders wary of the scope for disappointment

* Policy decisions due this week in euro zone, U.S., UK

By Jessica Mortimer

LONDON, July 30 (Reuters) - The euro slipped on Monday, with traders taking profit on the gains enjoyed late last week due to growing expectations the European Central Bank will launch fresh action to tackle the euro zone's debt crisis.

Some in the market speculate that the ECB may reactivate its bond-buying programme to help cut Spanish and Italian borrowing costs, but traders were aware Germany has repeated its opposition to this and nervous of the scope for disappointment.

The central bank meets on Thursday. Talk of policy action intensified after president Mario Draghi said last week the bank would do whatever it took to save the euro, a message echoed by German Chancellor Angela Merkel and French President Francois Hollande.

But German Economy Minister Philipp Roesler warned the ECB about any large-scale government bond purchases.

The euro was down 0.2 percent at $1.2287, retreating from a three-week high of $1.2390 hit on Friday. but still holding more than two cents above a two-year low of $1.2042 hit last Tuesday on trading platform EBS.

"Draghi has to put some action behind his words last week ... The bias is towards disappointment and that's what's creeping into markets now," said Niels Christensen, currency strategist at Nordea in Copenhagen.

"The value we saw last week in euro/dollar is fragile."

Markets will keep an eye on U.S. Treasury Secretary Timothy Geithner, who will meet German Finance Minister Wolfgang Schaeuble and Draghi on Monday.

The U.S. Treasury said Geithner and the officials will discuss the U.S., European and global economies.

Markets were bracing for a busy week, with central bank decision due in the United States and UK as well as Europe, in addition to key U.S. jobs data on Friday.

ACTION AWAITED

Before the ECB meeting, analysts said euro losses were likely to be limited.

"Clearly, if nothing is announced that would be a massive disappointment... But there is an expectation that we're going to see something meaningful on Thursday," said Callum Henderson, global head of FX research for Standard Chartered Bank in Singapore.

But he said the euro's failure on Friday to close above a key technical level near $1.2325 was weighing on the currency.

The euro fell 0.6 percent to 96.12 yen, though it remained above last week's low of 94.12 yen, its lowest level against the Japanese currency in more than 11-1/2 years.

Daisuke Karakama, market economist for Mizuho Corporate Bank in Tokyo, said the euro might initially rise to around $1.25 and 100 yen if the ECB resumed bond purchases but said these levels "should be seen as a golden opportunity to sell into".

"Unless progress is made toward fiscal consolidation in Spain, the SMP (the ECB's bond buying programme) won't make everything OK," Karakama said.

Growth-linked and higher-yielding currencies have also gained strongly since last week on the improved willingness to take on risk in financial markets.

The Australian dollar was down 0.1 percent at $1.0467, having reached a four-month high around $1.0498 in early Asian trade on Monday, within a whisker of the psychologically key $1.0500 level.

The Swedish crown also came close to a 12-year high against the euro after data showed the Swedish economy grew much more than expected in the second quarter.

The euro fell nearly 1 percent to 8.3845 crowns, very close to its recent low of 8.3840.

The dollar was steady at 82.796 against a basket of major currencies, above a 3-week low of 82.343 hit on Friday.

Against the yen, the dollar eased 0.2 percent to 78.25 yen .



Plan B scores second number one album - BBC News

Plan B has gone straight to the top of the UK album chart with Ill Manors, the soundtrack to his directorial film debut of the same name.

It is the London rapper's second number one album following his 2010 hit The Defamation of Strickland Banks.

The record beat US rockers Gaslight Anthem's fourth album, Handwritten, which entered the chart at two.

Last week's number one, Sir Elton John's Good Morning To The Night, fell nine places to number 10.

The next highest new entry was Jennifer Lopez's greatest hits collection, Dance Again - The Hits, at four.

Joss Stone's The Soul Sessions - Volume 2 was the only other new entry in the top 10.

The highest climber was Hans Zimmer's soundtrack to The Dark Knight Rises, which rose from 36 to 19.

Meanwhile, an album containing music from the London 2012 opening ceremony has sold more than 10,000 copies within 24 hours of going on sale.

The compilation, named Isles of Wonder, includes music which featured in Friday night's event with tracks from Dizzee Rascal, Emeli Sande, Arctic Monkeys, David Bowie and U2.

The Official Charts Company said sales from Friday and Saturday earned it the number five spot in this week's compilation albums chart.

In the singles chart, Florence and the Machine held on to the number one spot for a third week with Spectrum.

Maroon 5 also remained at two with Payphone, while Stooshie's Black Heart rose two places to three.

Teen singer Conor Maynard was the highest new entry at four with Vegas Girl, while Karmin's Brokenhearted made its debut at six.


Enbridge races to clean up Wisconsin oil spill, line still shut - Reuters

Enbridge races to clean up Wisconsin oil spill, line still shut - Reuters

GRAND MARSH, Wisconsin | Sun Jul 29, 2012 6:32pm EDT

GRAND MARSH, Wisconsin (Reuters) - Canada's Enbridge Inc on Sunday worked to repair a major pipeline that spilled more than 1,000 barrels of oil in a Wisconsin field, provoking fresh ire from Washington over the latest in a series of leaks.

The spill on Friday -- almost two years to the day after a ruptured Enbridge line fouled part of the Kalamazoo River in Michigan -- has forced the closure of a major conduit for Canadian light crude shipments to U.S. refiners and threatens to further damage the reputation of a company that launched a more than $3 billion expansion program just two months ago.

On Sunday, an Enbridge spokesman said the company was working diligently to carry out inspections to Line 14 and repairs to ensure a safe restart.

The company did not say what had caused the incident and provided no estimate on when the 318,000 barrels-per-day Line 14 would resume service.

An official with the U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) said two inspectors were at the site on Sunday, and that all of the pooled oil had been cleaned up.

"The line has been uncovered to begin removing the failed section and send it to a metallurgical lab for examination," PHMSA spokesman Damon Hill said.

Officials from the U.S. Environmental Protection Agency (EPA) and the Wisconsin Department of Natural Resources are also on site, Enbridge said in a statement.

An image of the area posted on Enbridge's website showed a patch of damp, blackened earth near a stand of trees about one-third the size of a football field. It found some oil on two small farm ponds, but said they did not connect to moving waterways and that drinking wells did not seem to be affected.

Although the spill appeared to be relatively small and quickly contained, it comes at a delicate time for Enbridge, which suffered another leak in Alberta, Canada, a month ago and endured a scathing report from U.S. safety regulators over its handling of the Michigan incident in 2010, with employees likened to the "Keystone Kops" for their bungled response.

"Enbridge is fast becoming to the Midwest what BP was to the Gulf of Mexico, posing troubling risks to the environment," U.S. Representative Ed Markey, the top Democrat on the Natural Resources Committee, said in a statement.

"The company must be forthcoming about this entire incident, and deserves a top-to-bottom review of their safety culture, procedures and standards," said Markey, an outspoken critic of increasing imports of Canada's heavy oil sands crude.

Canada is the largest source of foreign crude for the United States, supplying over 2.4 million bpd of the more than 8.3 million bpd of imported by the nation on average in July. Enbridge's lines, the world's largest crude oil pipeline system, carry the lion's share of those shipments.

Just two months ago, Enbridge kicked off one of the most sweeping expansions in its history, announcing a multibillion-dollar series of projects aimed at moving western Canada and North Dakota oil to Eastern refineries and eliminating costly bottlenecks in the U.S. Midwest.

Line 14 is a 24-inch diameter pipe that was installed in 1998, making it a relatively new line. Enbridge said it had been inspected twice in the past five years.

BULGING STOCKS

Analysts said that the move, which comes as oil inventories in the Midwest hit record highs, may have a limited impact on crude oil futures when trading opens in Asia.

"I think that the pipeline (outage) is more likely to have a greater company impact that it will on the oil (futures) market -- I think that global growth and geopolitics will be more important than the pipeline," said Jason Schenker, president of Prestige Economics LLC in Austin, Texas.

U.S. and global oil prices have been balancing the risks of a large-scale disruption in Iranian crude against the struggling world economy this year.

A surge in production from North Dakota and Canada has built up inventories in the U.S. Midwest due to a shortfall of capacity to move the oil into the Gulf Coast refining region. U.S. crude oil prices rose 74 cents on Friday to settle at $90.13 a barrel.

Schenker said the impact of the Enbridge disruption on Chicago refineries will depend largely on how much crude they have stockpiled as well as the length of the outage. Total Midwest crude inventories have hit a record high over 110 million barrels over the past two months, according to data from the U.S. Energy Information Administration.

TWO LANDOWNERS, ONE HOUSE 'COVERED'

In most cases, smaller pipeline leaks can be repaired quickly, although regulators may require significant work if they find any cause for alarm. Following the leak in Michigan two years ago -- which spilled roughly 15 times more oil than the Wisconsin leak if initial estimates of the Friday incident prove correct -- one line was shut for more than two months.

Enbridge said two landowners had been affected and that one family had been relocated for their safety and comfort, but that most of the spill was restricted to the pipeline right-of-way. It kept its estimate of the spill at around 1,200 barrels -- about as much as would fit in six very large oil tanker trucks.

"The house right next to where the pipeline broke got covered with oil," said Patrick Swadish, who lives about a mile northwest of the spill site in a rural area of mostly farmland, some 80 miles north of the college town of Madison.

Oil trucks, Enbridge vehicles and about a dozen crews were working in the area, which had been cordoned off by sheriff deputies. Local law enforcement officials said they had been told it may take up to 30 days to clean the area.

Enbridge also said it had briefly shut down two larger adjacent lines -- the 400,000 bpd Line 61 and the 670,000 bpd Line 6A -- but both were pumping again within a day. Together with Line 14, they form the backbone of Lakehead, a 2.5 million bpd network that is the main route for Canadian exports.

Another line, the 180,000 bpd Line 13, which carries diluents from Chicago to Edmonton, Alberta, would be restarted once it was confirmed the release had not had an impact on it, it said.

PREVIOUS SPILLS

Just weeks ago, the U.S. National Transportation Safety Board blasted Enbridge's handling of the July 2010 rupture of its Line 6B near Marshall, Michigan, which led to more than 20,000 barrels of crude leaking into the Kalamazoo River.

The NTSB said it found a complete breakdown of company safety measures, and that Enbridge employees performed like "Keystone Kops" trying to contain it. The rupture went undetected for 17 hours.

U.S. pipeline regulators fined it $3.7 million for the spill, their largest ever penalty.

The incidents, plus the most recent spill in Alberta, have caused furor just as the company seeks approval for its C$6 billion Northern Gateway pipeline to Canada's West Coast amid staunch opposition from environmental groups and native communities that warn against oil spills.

(Additional reporting by Timothy Gardner and Russ Blinch in Washington; Jeff Jones in Calgary; Writing by Jonathan Leff and Matthew Robinson; Editing by Anthony Boadle, Maureen Bavdek and Gunna Dickson)



Taylor replaces Bopara in England squad - ESPN.co.uk

James Taylor, the Nottinghamshire batsman, has been called up for the second Test at against South Africa at Headingley after Ravi Bopara was ruled out for what the ECB said were "personal issues".

The first match of the series at The Oval marked Bopara's return to the Test line-up after nearly a year out of the team but he struggled, making 0 and 22. He had been due to play in Essex's CB40 match against Worcestershire on Sunday.

Taylor, who has played one ODI against Ireland last year, will enter the match in good form after making a century in the current round of Championship matches against Sussex - although before that innings it had been a lean season in four-day cricket for him with one half-century in nine matches. However, he did hit a century for England Lions against the West Indians earlier this season.

He is the only change to the 13-man squad after the innings-and-12-run defeat in the opening Test at The Oval, although question marks remain over the make up of the bowling attack after England took just two wickets in 189 overs. Steven Finn and Graham Onions, who both played Championship cricket this week, are the other options should the selectors decide on a change.

The most vulnerable of the pace bowlers appears to be Tim Bresnan although he would bring local knowledge on his home ground and can bowl long spells. Stuart Broad was below his best at The Oval but it is unlikely that England will consider leaving him out after showing such faith in him during previous slips in form.

Finn took six wickets against Durham at Chester-le-Street while by the start of the third day Onions had four to his name. Both played against West Indies at Edgbaston when England rotated their pace attack and Finn showed excellent form against Australia in the one-day series.

Geoff Miller, the national selector, said: "We were outplayed during the first Test last week but it is important that this squad regroups and focuses on preparing for the second Test. This is a talented squad with plenty of international experience and they will be determined to improve on the performance during the first Test.

"We have made one change to the squad with James Taylor replacing Ravi Bopara who is unavailable for selection due to personal reasons. James has been part of the England Performance Programme for a number of years and has performed consistently for England Lions and now has an opportunity to step up and experience the Test environment.

"We have played a lot of good cricket over the last few years and it's important we remember that, learn from the mistakes that we made and retain the belief that we can level this series at Headingley."

Squad: Andrew Strauss (capt), Alastair Cook, Jonathan Trott, Kevin Pietersen, Ian Bell, James Taylor, Matt Prior, Tim Bresnan, Stuart Broad, Graeme Swann, James Anderson, Steven Finn, Graham Onions

Andrew McGlashan is an assistant editor at ESPNcricinfo

© ESPN EMEA Ltd


Romney talks tough on Iran during visit to Israel - Reuters

JERUSALEM | Sun Jul 29, 2012 5:07pm EDT

JERUSALEM (Reuters) - Republican candidate Mitt Romney, presenting himself as Israel's best friend in the November 6 presidential election, said on Sunday that "any and all measures" must be used to keep Iran from developing a nuclear weapon.

A top aide said Romney would support an Israeli military strike if all options had been exhausted, but the candidate himself balked at repeating that position.

In a foreign policy speech in Jerusalem, Romney voiced strong support for the alliance between the United States and Israel and seemed to suggest that President Barack Obama had let the relationship flounder.

"We cannot stand silent as those who seek to undermine Israel voice their criticisms. And we certainly should not join in that criticism. Diplomatic distance in public between our nations emboldens Israel's adversaries," said Romney, the walls of the Old City lining the hilltop behind him.

The former Massachusetts governor was in Jerusalem on the second leg of a trip to strengthen his foreign policy credentials in his race to unseat Obama.

"We should employ any and all measures to dissuade the Iranian regime from its nuclear course, and it is our fervent hope that diplomatic and economic measures will do so. In the final analysis, of course, no option should be excluded. We recognize Israel's right to defend itself, and that it is right for America to stand with you," he said.

Though he adopted an aggressive tone, Romney did not go as far as his senior foreign policy advisor, Dan Senor, who said earlier: "If Israel has to take action on its own, in order to stop Iran from developing that capability, the governor would respect that decision."

The aide's comments put Romney at odds with Obama's efforts to press Israel to avoid any pre-emptive strike before tough Western economic sanctions against Iran run their course.

Romney, however, refused to repeat them when asked by CBS' "Face the Nation."

"Well I think because I'm on foreign soil I don't want to be creating new foreign policy for my country or in any way to distance myself in the foreign policy of our nation. But we respect the right of a nation to defend itself," Romney said.

The failure of talks between Iran and six world powers to secure a breakthrough in curbing what the West fears is a drive to develop nuclear weapons has raised international concern that Israel may opt for a military strike.

'STRONG MILITARY THREAT'

The presidential hopeful was greeted warmly earlier by Israeli Prime Minister Benjamin Netanyahu, an old friend of his, who has at times had a strained relationship with Obama.

Netanyahu issued his customary call for stronger measures behind the sanctions to prevent Iran from developing an atomic bomb, which Israel says would be a threat to its existence. Iran says its nuclear program is for peaceful purposes.

"We have to be honest that sanctions have not set back the Tehran program one iota and that a strong military threat coupled with sanctions are needed to have a chance to change the situation," Netanyahu said.

Israel, widely assumed to be the Middle East's only nuclear-armed state, has warned it is only a matter of time before Iran's nuclear program achieves a "zone of immunity" in which uranium enrichment facilities buried deep underground will be invulnerable to bombing.

U.S. Defense Secretary Leon Panetta, arriving in Tunisia at the start of a week-long trip to the Middle East and North Africa, defended U.S.-Israeli defense cooperation under Obama.

"I'm not going to comment on what political candidates say or don't say," Panetta said.

"I'm proud of the defense partnership that we've built over the past several years. The U.S.-Israel defense relationship, I believe, is stronger today than it has been in the past," the Pentagon chief told reporters traveling with him.

Though Washington has been pressing Israel not to launch a solo strike on Iran, Obama has not ruled out military action if diplomacy fails to curb Iran's nuclear drive.

Panetta said his view is that the Israelis "have not made any decisions with regards to Iran and that they continue to support the international effort to bring pressure against Iran."

In an effort that appeared timed to upstage Romney's visit to Israel, Obama signed a measure on Friday to strengthen U.S.-Israeli military ties.

Romney's overseas tour got off to a rocky start, when he angered the British by questioning whether London was ready for the Olympics, a statement he was forced to clarify after a rebuke from Prime Minister David Cameron.

His visit to Israel gives him the opportunity to appeal to Jewish voters and pro-Israel evangelical voters and contrast himself with Obama.

Romney has sharply criticized Obama's handling of Iran as not being tough enough.

After talks with Israeli leaders, Romney met Palestinian Prime Minister Salam Fayyad. He then visited the Western Wall, Judaism's most revered site.

Wearing a black Jewish skullcap and surrounded by a determined throng of security personnel who cleared a path for him, Romney carefully navigated his way through hundreds of worshippers, some of whom shouted cries of support.

Romney ends his trip on Monday with a fundraiser for a crowd of mostly Jewish Americans who live in Israel.

The Romney campaign initially declared the fundraiser off-limits to reporters, but on Sunday said it would allow press coverage after journalists complained the campaign was reneging on a prior agreement to open more of its finance events.

(Writing by Steve Holland and Maayan Lubell; Additional reporting by Phil Stewart in Tunis and Charles Abbott in Washington; Editing by Allyn Fisher-Ilan and Stacey Joyce)



RSS supports Hindu Jagaran Vedikeon on rave party - Times of India

MYSORE: RSS leadership in Karnataka seems to have no qualms on the issue of supporting violent opposition to the rave party at Mangalore on Saturday, but support comes only with a rider that the volunteers would not have assaulted the women.

Though the issue has it's own ramifications and seriousness, the RSS leadership is unperturbed and it's leaders feel that the issue whether women should participate in such rave parties needs a debate on larger scale.

Talking to TOI a RSS spokesman who initially was on record to say various things on the issue later does not wanted him to be quoted for the reasons best known to him.

Admitting Hindu Jagaran Vedike as one of the frontal organizations of the RSS like BMS and ABVP , spokesman said RSS is against rave parties , but it condemns the attack on the women involved in the rave party. But it does not mean RSS supports the rave parties, he clarified.

It is a fact that HJV volunteers have attacked the women participating in rave party, but RSS demands a debate on the issue of rave parties, he said wanting to know why the girls hid their participation in the rave parties to their parents." It goes to indicate that there is something amiss in the issue and rave parties" he said and added: RSS is against indecent culture of rave parties which are against the tenets of Hindutva which stood for decency and respect.

In reply, the spokesman said girls and women in the guise of freedom cannot indulge in immoral acts." Comparing RSS to Taliban is a fashion and a big word for RSS , but this allegation does not deter us from adhering to our ideology and doctrines " he replied, denying that incident smacked of fundamentalism.



Team GB see off UAE challenge - Football

Published: 29 Jul 2012 - 22:17:01

Scott Sinclair and Daniel Sturridge gave watching England manager Roy Hodgson a nudge as Great Britain's 3-1 win over the United Arab Emirates - their first Olympic victory since 1960 - sent them top of Group A.

After Ryan Giggs had become the oldest goalscorer in Olympic history, GB required a rather more youthful duo to drag them out of a hole after Rashed Eisa had equalised for United Arab Emirates. Sinclair was scoring with his first touch, although it is perhaps Sturridge who has more chance of featuring in next month's squad for the friendly against Italy in Berne, especially if he impressed Hodgson with his superb chip 14 minutes from time.

The result got GB back on track to secure a quarter-final berth, although they will almost certainly need to avoid defeat against Uruguay at the Millennium Stadium on Wednesday to seal their knockout berth. Surprisingly, the last eight won't feature Spain after the European and World champions were dumped out following a 1-0 loss to Honduras.

As against Senegal, GB's opener was crafted in the Valleys. This time, after Giggs had fed Tom Cleverley and continued motoring into the box, the roles were reversed as Craig Bellamy provided the cross and the veteran Manchester United man rose unopposed to nod home.

Ali Khaseif denied Bellamy and then saved his side when some quick thinking by Aaron Ramsey presented Cleverley with a chance inside the six-yard box. Cleverley then managed to strike both posts after meeting a Bellamy cut-back with a precise first-time finish.

It was the kind of fluency Stuart Pearce had promised would eventually come to a squad given the briefest amount of preparation time compared to almost all the teams in this tournament. The introduction of Sturridge for Marvin Sordell at half-time replicated a move in reverse that Pearce had done at Old Trafford.

Sturridge almost made the desired impact too after being set up by Ramsey, only for Khaseif to block his angled shot. The Chelsea striker failed to take another opportunity before GB were hit by a sucker punch on the hour as Rashed Eisa took advantage of the kind of defensive slackness that proved so costly against Senegal.

This time it was Omar Abdulrahman that sent a pass straight into the space Neil Taylor and James Tomkins should have been filling between then. Eisa raced onto it and gleefully beat Jack Butland. The goal turned what should have been a routine win into a nervy search for salvation.

From offering virtually no threat, suddenly every UAE attack had menace. Butland was the hero, standing up to Khalil when he received Abdulrahman's excellent return pass, and making a vital block before Micah Richards cleared. As Hodgson watched on, Pearce took the bold decision to replace Giggs with Sinclair.

It turned out to be a masterstroke. With his first touch, Sinclair was on hand to tap home as a Bellamy cross created panic in the UAE box, Khaseif succeeding only in pushing it straight to the Swansea man, who tapped into an empty net. Three minutes later, GB sealed their win as Sturridge charged through, then beat Khaseif with an impudent chip from the edge of the area.



Related Team GB News



RSS backing Ramdev, Anna Hazare: Digvijay - zeenews.india.com
RSS backing Ramdev, Anna Hazare: Digvijay New Delhi: Congress leader Digvijay Singh on Sunday said the RSS and its affliate organisations were continuing to support yoga guru Ramdev and Anna Hazare and would back them even during elections.

"Baba Ramdev and Anna Hazare had and will continue to have the support of the Sangh Parivar. Even during elections these people have been supportive of them (Sangh)," Singh told reporters.

RSS backing Ramdev, Anna Hazare: Digvijay

Singh's remarks came on a day yoga guru Ramdev and Gujarat Chief Minister Narendra Modi shared the dais at a function in Ahmedabad.

On Hazare joining the fast from today, the Congress leader said "poor Anna will be forced to sit on fast, if Arvind Kejriwal and others from Team Anna cannot fast."

RSS backing Ramdev, Anna Hazare: Digvijay

Team Anna had on Wednesday launched an indefinite fast here demanding passage of the Janlokpal Bill by Parliament and action against "corrupt" ministers.

While Team Anna members had begun the fast on Wednesday, Hazare joined them in fasting from today.

PTI



Rhode in record books, more chapters to come - Reuters UK

LONDON | Sun Jul 29, 2012 9:52pm BST

LONDON (Reuters) - Kim Rhode could finish her shooting career as the greatest U.S. Olympian ever but it will be one spent mostly in obscurity defending a sport she maintains is misunderstood.

A gold medal victory in the women's skeet on Sunday put Rhode into the record books as the first American to medal in five consecutive Olympics, and at just 33 years old, competing in a sport that has seen winners in their 60s, she could easily take part in five more Games before putting away her shotgun.

With gold from London, Atlanta and Athens, a silver from Beijing and a bronze in Sydney, Rhode may be entering Michael Phelps-like territory but there will be no long lineup of television appearances to schedule or massive endorsement deals to be signed when she returns home.

"Shooting isn't like Phelps or (Michael) Jordan or something, this is more of sport that you can, when you are at the top level, make a living. But it is always a struggle," Rhode's father Richard told Reuters. "Shooting is an expensive sport, every time you pull the trigger it costs you money."

Rhode practises every day firing between 500 and 1,000 rounds, each training session costing between $400 and $600.

Certainly Rhode did not waste any ammunition on Sunday, hitting 99 of 100 targets, breaking the Olympic record and equalling the world mark to win the gold in style.

"I don't think it has hit me yet but I'm sure it will, the record and everything it represents," said Rhode, who will be back on the range on Monday preparing for the trap event. "The last few shots I was trying to keep myself from not crying.

"Every emotion hit me at once when I was out there."

BACKDROP OF TRAGEDY

Rhode's record-smashing day unfolded with guns again at the centre of a polarizing debate in the United States after a gunman opened fire at a movie theatre in the Denver suburb of Aurora earlier this month, killing 12 and wounding 58.

Rhode, a poster girl for the powerful U.S. National Rifle Association (NRA), has faced questions about guns, the people who use them and the link to the Aurora shootings in almost every interview since arriving in London.

"Shooting teaches responsibility, discipline, focus and this is a sport. It's sad when those lines get blurred by someone who was obviously disturbed," she said. "Hopefully we continue on a positive path and teach others."

Richard Rhode introduced his wife Sharon to the sport shortly after they were married, then did the same with his young daughter.

Richard became and remains his daughter's coach, he and his wife travelling the globe to every Olympics to cheer her on.

"We both shoot, my husband taught me to shoot when we were married," said Sharon. "We go to the range like other people go bowling and shoot skeet or trap. So Kim was just sort of born into it."

Rhode was just 13 when she claimed her first world title and three years later was the youngest member of the U.S. Olympic team, taking gold at the 1996 Atlanta Summer Games.

Later that year she was named one of the Top 10 Sports Phenoms by Time magazine.

"Her eye-hand coordination is very, very good," said Richard. "Even as a child with video games or a computer, what she sees she can make her hands do.

"She very focused and has very good eyesight too."

Rhode may not stick around as long as Swedish marksman Oscar Swahn, the oldest person to win an Olympic medal when he took a silver at the 1920 Antwerp Summer Games at 72, but she definitely has Rio in her sights.

"I'm not looking at this as my last Olympics," said Rhode. "I can go a very long time, that's the beauty of shooting.

"It's not a flash-in-the-pan type thing. I definitely don't see an end in sight."

(Editing by Sonya Hepinstall)



Israel denies report Obama aide shared Iran war plan - Reuters

Israel denies report Obama aide shared Iran war plan - Reuters

JERUSALEM | Sun Jul 29, 2012 5:58am EDT

JERUSALEM (Reuters) - A senior Israeli official denied on Sunday a newspaper report that President Barack Obama's national security adviser had briefed Israel's Prime Minister Benjamin Netanyahu on a U.S. contingency plan to attack Iran should diplomacy fail to curb its nuclear program.

The Israeli liberal Haaretz daily on Sunday quoted an unnamed U.S. official as saying the adviser, Thomas Donilon, had described the plan over dinner with Netanyahu earlier this month.

"Nothing in the article is correct. Donilon did not meet the prime minister for dinner, he did not meet him one-on-one, nor did he present operational plans to attack Iran," the senior official, who declined to be named given the sensitivity of the issue, told Reuters.

Haaretz said the briefing was the most significant effort by high-level U.S. officials who had visited Israel in the past month, including Secretary of State Hillary Clinton, to try to dissuade Israel from launching its own military strike on Iran.

The report coincided with a visit to Israel by Obama's main rival in his reelection bid this November, Republican candidate Mitt Romney, who was due to meet the conservative Netanyahu on Sunday.

Haaretz said Donilon had told Netanyahu the Pentagon was planning for a possible decision to attack Iran's nuclear sites, and had shown him some of the plans.

The failure of talks between Iran and six world powers to secure a breakthrough in curbing what the West fears is a drive to develop nuclear weapons has raised international concerns that Israel, widely assumed to be the Middle East's only nuclear-armed state, may opt for a go-it-alone military strike.

Israel has warned the West it thinks it is only a matter of time before Iran's nuclear programme achieves a "zone of immunity" in which bombs will not be able to effectively strike uranium enrichment facilities buried deep underground.

Iran says its programme is solely for peaceful purposes.

On a visit to Jerusalem this month, Clinton said Israel and Washington were "on the same page" with respect to Iran, calling Iran's latest proposals to world power talks on the issue "non starters."

"Our own choice is clear, we will use all elements of American power to prevent Iran from obtaining a nuclear weapon," Clinton said.

(Reporting by Dan Williams; Editing by Myra MacDonald)



Euro zone crisis heads for September crunch - Reuters

BRUSSELS | Sun Jul 29, 2012 6:47am EDT

BRUSSELS (Reuters) - Over the past couple of years, Europe has muddled through a long series of crunch moments in its debt crisis, but this September is shaping up as a "make-or-break" month as policymakers run desperately short of options to save the common currency.

Crisis or no crisis, many European policymakers will take their summer holidays in August. When they return, a number of crucial events, decisions and deadlines will be waiting.

"September will undoubtedly be the crunch time," one senior euro zone policymaker said.

In that month a German court makes a ruling that could neuter the new euro zone rescue fund, the anti-bailout Dutch vote in elections just as Greece tries to renegotiate its financial lifeline, and decisions need to be made on whether taxpayers suffer huge losses on state loans to Athens.

On top of that, the euro zone has to figure out how to help its next wobbling dominoes, Spain and Italy - or what do if one or both were to topple.

"In nearly 20 years of dealing with EU issues, I've never known a state of affairs like we are in now," one euro zone diplomat said this week. "It really is a very, very difficult fix and it's far from certain that we'll be able to find the right way out of it."

Since the crisis erupted in January 2010, the euro zone has had to rescue relative minnows in Greece, Ireland and Portugal as they lost the ability to fund their budget deficits and debt obligations by borrowing commercially at affordable rates.

Now two much larger economies are in the firing line and policymakers must consider ever more radical solutions.

If Spain, the euro zone's fourth biggest economy and the world's 12th, loses affordable market financing the next domino at risk of falling is Italy - the euro zone's third biggest economy and a member of the G7 group of big wealthy nations.

A bailout of Spain would probably be double those of Greece, Ireland and Portugal combined, while Italy's economy is twice as large as Spain's again.

The European Union has already agreed to lend up to 100 billion euros to rescue Spanish banks. One euro zone official said Madrid has now conceded that it might need a full bailout worth 300 billion euros from the EU and IMF if its borrowing costs remain unaffordable.

DEFLATING LIFE RAFT

The euro zone does not seem to have enough cash in the current setup to deal with a scenario of Spain and Italy needing a rescue, and a sense of doom is growing among some policymakers. Fighting the crisis, said the euro zone diplomat, is like trying to keep a life raft above water.

"For two years we've been pumping up the life raft, taking decisions that fill it with just enough air to keep it afloat even though it has a leak," the diplomat said. "But now the leak has got so big that we can't pump air into the raft quickly enough to keep it afloat."

Compounding the problems, Greece is far behind with reforms to improve its finances and economy so it may need more time, more money and a debt reduction from euro zone governments.

If Greek debt cannot be made sustainable, the country may have to leave the euro zone, sending a shockwave across financial markets and the European economy.

September 12 is a crucial date in the European diary. On that day the German Constitutional Court is scheduled to rule on whether a treaty establishing the euro zone's permanent bailout fund, the 500 billion euro European Stability Mechanism (ESM), is compatible with the German constitution.

A positive ruling is vital, because Germany is the biggest funder of the ESM, and the euro zone would be powerless to protect Spain or Italy without the ESM.

On the same day, parliamentary elections are held in the Netherlands where popular opposition to spending any more money on bailing out spendthrift euro zone governments is strong. The Dutch vote may complicate talks on a revised second bailout for Greece, which also has to be agreed in September.

Athens wants two more years than originally planned to cut its budget deficit to below 3 percent of GDP, so as not to impose yet more spending cuts on a country which is already in a depression.

This would mean Greece's 130 billion euro second bailout package may need to be increased by 20-50 billion euros, according to estimates by some euro zone officials and economists, and there is no appetite in the euro zone to give Greece yet more extra money.

More importantly Greece needs to bring its debt, which is equal to 160 percent of its annual economic output, under control. This means euro zone governments, which own roughly two thirds of it, may need to write part of it off.

Private creditors have already suffered a huge writedown in the value of their Greek debt holdings but so far euro zone taxpayers have not lost a cent on any of the bailouts.

LAST CHANCE OPTIONS

Policymakers are working on "last chance" options to bring Greece's debts down and keep it in the euro zone, with the ECB and national central banks looking at also taking significant losses on the value of their bond holdings, officials said.

If governments swallowed the bitter pill by also accepting a cut in the value of their contributions to loans already made to Greece, this would break a taboo and could provoke demands for similar treatment from Ireland or Portugal.

Peter Vanden Houte, chief economist at ING bank, said euro governments might be forced to accept a halving of the value of their Greek debt - known in the business as haircut.

"If Greece is to be saved, we must see some debt forgiveness from euro zone governments in the coming years because otherwise Greece is never going to come out of the situation it is in now," he said. "We are talking about potentially a 50 percent haircut, which would still mean the Greek debt would be (proportionately) around the euro zone average."

The euro zone would want concessions from Athens. "Most probably in exchange, euro zone partners will be more strict on Greek compliance with structural reforms and may ask Greece to give up some sovereignty," said Vanden Houte.

While no official discussions are underway on another Greek debt restructuring, euro zone officials say privately it may be necessary if Greece is to have a fighting chance.

"The Greeks might say they are in such a mess that to survive they we need to ease up the austerity a bit, and to still regain debt sustainability they will have to default on 30-40 percent of the loans," one euro zone official said.

"There would be a lot of people saying this is understandable, so maybe this makes sense and maybe we could have a reasonable discussion among the member states on how Greece can move forward," the official said.

The official speculated that euro zone debt forgiveness for Greece could be made dependent on progress in structural reforms or that it could be reviewed once Athens has to start paying back the capital of the loans in 10 years.

"Maybe we could agree to give debt relief of, say, 25 percent to make possible some changes in the program. Then we implement that for six months or a year and maybe we find out that we need to give them another 25 percent and at the end of the day we might get to a stable situation," the official said.

The situation will become clearer once international lenders produce a new debt sustainability analysis for Greece at the end of August.

THE BATTLE OF SPAIN

Preventing Spain and Italy from losing debt market access may require the crossing of another red line - European Central Bank help in keeping down governments' borrowing costs.

ECB President Mario Draghi signaled last Thursday the bank was ready to act, indicating it may revive its program of buying bonds of troubled governments on the secondary market.

"Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough," Draghi said. "To the extent that the size of the sovereign premia (borrowing costs) hamper the functioning of the monetary policy transmission channels, they come within our mandate."

However, Germany has always been hostile to the idea and the Bundesbank said on Friday that it continued to view it "in a critical fashion".

German Finance Minister Wolfgang Schaeuble dismissed suggestions Spain will ask the bailout fund to try to lower its borrowing costs by purchasing its bonds.

Spain faces high borrowing costs because investors fear they will not get their money back. The Spanish economy is shrinking, many of its autonomous regions need bailouts from Madrid and banks need the recapitalization of up to 100 billion euros.

Madrid still has to raise about 50 billion euros on the market by the end of the year. This may be impossible if its funding costs stay well above 7 percent for 10-year bonds.

Draghi's remarks knocked yields down by more than 40 basis points to below 7 percent on Thursday, but they could quickly climb back if the market does not see firm ECB buying soon.

The ECB also seems to be softening its stance on another taboo - giving the ESM a banking license so the fund can borrow from the ECB against euro zone government bonds.

If Spain or Italy applied for euro zone help in bringing down their borrowing costs, the temporary European Financial Stability Facility (EFSF) bailout fund or the ESM could help.

But with their combined firepower, under current agreements, of 459.5 billion euros until July 2013 and at 500 billion from July 2014, the funds do not have enough to impress markets.

If the ESM could refinance itself at the ECB, however, it would have virtually unlimited firepower for bond market intervention without causing inflationary pressure.

Discussions on the banking license for the ESM have been going on in the background for many months, officials said, with France openly calling for such a solution, but Germany, Finland and the Netherlands strongly against.

(Additional reporting by Luke Baker; editing by David Stamp)



Taylor replaces Bopara in England squad - ESPN.co.uk

James Taylor, the Nottinghamshire batsman, has been called up for the second Test at against South Africa at Headingley after Ravi Bopara was ruled out for what the ECB said were "personal issues".

The first match of the series at The Oval marked Bopara's return to the Test line-up after nearly a year out of the team but he struggled, making 0 and 22. He had been due to play in Essex's CB40 match against Worcestershire on Sunday.

Taylor, who has played one ODI against Ireland last year, will enter the match in good form after making a century in the current round of Championship matches against Sussex - although before that innings it had been a lean season in four-day cricket for him with one half-century in nine matches. However, he did hit a century for England Lions against the West Indians earlier this season.

He is the only change to the 13-man squad after the innings-and-12-run defeat in the opening Test at The Oval, although question marks remain over the make up of the bowling attack after England took just two wickets in 189 overs. Steven Finn and Graham Onions, who both played Championship cricket this week, are the other options should the selectors decide on a change.

The most vulnerable of the pace bowlers appears to be Tim Bresnan although he would bring local knowledge on his home ground and can bowl long spells. Stuart Broad was below his best at The Oval but it is unlikely that England will consider leaving him out after showing such faith in him during previous slips in form.

Finn took six wickets against Durham at Chester-le-Street while by the start of the third day Onions had four to his name. Both played against West Indies at Edgbaston when England rotated their pace attack and Finn showed excellent form against Australia in the one-day series.

Geoff Miller, the national selector, said: "We were outplayed during the first Test last week but it is important that this squad regroups and focuses on preparing for the second Test. This is a talented squad with plenty of international experience and they will be determined to improve on the performance during the first Test.

"We have made one change to the squad with James Taylor replacing Ravi Bopara who is unavailable for selection due to personal reasons. James has been part of the England Performance Programme for a number of years and has performed consistently for England Lions and now has an opportunity to step up and experience the Test environment.

"We have played a lot of good cricket over the last few years and it's important we remember that, learn from the mistakes that we made and retain the belief that we can level this series at Headingley."

Squad: Andrew Strauss (capt), Alastair Cook, Jonathan Trott, Kevin Pietersen, Ian Bell, James Taylor, Matt Prior, Tim Bresnan, Stuart Broad, Graeme Swann, James Anderson, Steven Finn, Graham Onions

Andrew McGlashan is an assistant editor at ESPNcricinfo

© ESPN EMEA Ltd


Villas-Boas slams Adam tackle - Football

Published: 29 Jul 2012 - 07:17:10

Tottenham manager Andre Villas-Boas has criticised Liverpool midfielder Charlie Adam for a heavy challenge on Gareth Bale in their goalless pre-season friendly in the United States.

Spurs and Liverpool played out a 0-0 draw at the M&T Bank Stadium, home of NFL franchise the Baltimore Ravens. In a game which marked the Liverpool debut of summer signing Fabio Borini, Villas-Boas was critical of Adam who has previous history with Bale.

In quotes reported by several national newspapers, Villas-Boas said: "I think it was a very nasty challenge from Charlie. The player had gone and he came in from behind on Gareth's ankle. I did not know the previous history between the two. I do now."

He added: "It is a difficult one to be fair. You do not want to end up in a game with Liverpool with 10 men. At half-time Charlie came to me and said something about the challenge.

"I can accept that but I think he should go to the player to say sorry."

In May 2011 the Scotland international injured Bale in a tackle, an incident Villas-Boas was only made aware of following the game in Baltimore.

Bale was out for three months with ankle ligament damage after that incident. Adam's latest challenge left Villas-Boas waiting to hear on the seriousness of Bale's injury.

He added: "If the player escapes hospital it is because he is very lucky. The last time he was out for three months and in the end it is the Premier League that suffers without a player of Bale's talent."

Bale's appearance on Spurs' United States tour had already caused controversy as he scored in the game with Los Angeles Galaxy on Wednesday despite having pulled out of the Team GB squad for the Olympics with a back injury.



Related Liverpool News