Wednesday, November 30, 2011

Pillow Pets as low as $10

by Charlene on 11/28/2011

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The deal on Pillow Pets is back again. I posted this a few days ago and many styles are out of stock now but there is still a lot to choose from.

You can either:

Go through Target.com where the Pillow Pets are $19.99- Buy One Get One Free ! If you only need one pillow pet this year, that second one would make a great donation to Toys 4 Tots! ?Shipping is $6 unless you have a Target redcard and then it is free.

*Make sure to look for the 18 inch pets and look for the ones that say Buy One Get One Free directly under the image. ?You will need to scroll down to see the ones mostly in stock.

You can also check Amazon here for more deals. ?They have single Pillow Pets starting at $10 and shipping is free with a $25 order.

Just make sure to look for 18in size.

?

Source: http://myfrugaladventures.com/2011/11/pillow-pets-as-low-as-10/

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Who's the dope in Miley pot controversy?

By Courtney Hazlett

Just days before Thanksgiving, Miley Cyrus celebrated her 19th birthday?with friends at Beacher's Madhouse inside L.A.'s Roosevelt Hotel. At the blessed event, Cyrus was presented a cake in the likeness of Bob Marley, and in a video obtained by The Daily, the former Disney star responded to the gesture, saying, ""You know you're a stoner when your friends?make you a Bob Marley cake. You know you smoke way too much f---ing weed!"

Dominique Faget / AFP - Getty Images file

What to do with this piece of information ... chastise Cyrus for no longer being the embodiment of the good-girl, Disney image? Fear that she's going down the path paved by Lindsay Lohan? Ignore the story all together? Readers offered varied opinions?in a discussion?over here?on Facebook on Sunday.

If you're Kelly Osbourne, who is featured prominently in the video, you stand by your friend. On Twitter, Osbourne wrote, "u guys if @MileyCyrus is not recording/filming/touring she is works everyday how could she possible do all that if she was a stoner! #think." Grammatically correct, no, but the point is there. At least in Osbourne's opinion, Cyrus couldn't be a productive person if she was "a stoner."?

Cyrus' rep didn't leave her client twisting in the breeze: she came out with the tried-and-true (and tired) "it was taken out of context" defense. "It's all been taken out of context. The cake was a joke and Miley's response was intended to be sarcastic."

Handling controversy is exactly what publicists are paid to do, but if this was going to be the response, the best response would have been to just pretend it didn't happen. Cyrus might only be 19, but she used up her sympathy cards long ago. When you grow up in the business, then you know how the business works, period. You know that there are times to be sarcastic, and times when your sarcasm (if that's what it really is) will be taken out of context. If you want the freedom to make any comment you want, then know enough to have your birthday party with people you really trust, and not at a place that seems to invite bad press, like the Roosevelt Hotel.

Cyrus is entitled to grow out of her "Hannah Montana" image, and truthfully, I've got better things to concern myself with than the question of her does-she-or-doesn't-she pot use, or whether she's a Lohan in training. What's irritating about this story is the complete lack of common sense at play. Miley, you should just know better.

Want to discuss this further? Head on over to The Scoop's Facebook page.

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Source: http://scoop.today.msnbc.msn.com/_news/2011/11/28/9067298-whos-the-dope-in-miley-cyrus-pot-controversy

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Walmart's violent Black Friday: 5 'grim' incidents (The Week)

New York ? Crowds who came looking for holiday deals came face-to-face with riots, shootings, and pepper-spray attacks

Black Friday violence at Walmart is rapidly becoming a new holiday tradition. From coast to coast, shoppers rioted and pepper-sprayed to get their hands on cheap waffle makers and Xboxes while, outside the stores, customers were shot over their loot. The goings on are being called a "grim reminder" of a Black Friday stampede in 2008 at a Walmart in Long Island, N.Y. that left one dead and sent a pregnant woman to the hospital. Here, a rundown of some of this year's bargain brawls:

1. The waffle maker riot
At a Walmart near Little Rock, Ark., a screaming mob of shoppers tussled over $2 waffle makers. The riot was caught on video (watch it here) and went viral. This "embodies everything awesome about America, including a horrible economy, aggressive consumerism, mindless violence and a complete lack of concern for one's fellow human beings," says Max Read at Gawker. "And let's not forget internet rubbernecking and smug class hatred."

2. Pepper spray and Xboxes
At 10 p.m. on Thursday at a Los Angeles Walmart, a 30-something woman determined to buy a discounted Xbox 360 allegedly pepper-sprayed some 20 people also vying for a new gaming console. According to a police report, the pepper-sprayer managed to get her Xbox, pay for it, and left the store. The next day she turned herself in. Police have not yet decided if she'll be charged.?

3. Video games and police brutality
Things got bloody at a Walmart in Arizona when police arrested Jared Newman, 54, late Thursday night. According to Newman's grandson, he had grabbed a video game and tucked it under his arm to guard it from the swarming masses when police pulled him out of the crowd. A CNN citizen iReporter, David Chadd, says Newman appeared to be cooperating when an officer suddenly slammed Newman face first into the floor, knocking the man out. "It was like a bowling ball hitting the ground, that's how bad it was," says Chadd, who reports that Newman was left lying unconscious in a pool of his own blood for about 10 minutes. Police have charged Newman with shoplifting and resisting arrest. Newman is still recovering from incident. "He is emotionally and mentally a wreck," his daughter says.

4. Parking lot shootings
Black Friday shoppers were held up at gunpoint in Walmart parking lots from coast to coast. In San Leandro, Calif., a man and his family were crossing a store parking lot between 1 and 2 a.m. when a group approached and demanded they fork over their purchases. A fight ensued when the family refused and, according to police, one of the suspects pulled out a gun and shot the man, critically injuring him. In Myrtle Beach, S.C., a woman was shot outside a Walmart in an apparent robbery attempt.

5. The smart phone smack down
At a Walmart in Rome, N.Y., two women were taken to the hospital for injuries they sustained while trying to get a $35 smart-phone deal. "I was shoved down and... kicked in the face," says one of the woman, who sustained bruises and cuts on her face, arms, and hand. "It was just like a stampede. All you heard was just like a herd of animals coming through there."

Sources:? CNN, Gawker, Mercury News, Reuters, WBTV, WSYR-TV

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Source: http://us.rd.yahoo.com/dailynews/rss/oped/*http%3A//news.yahoo.com/s/theweek/20111128/cm_theweek/221861

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Driller to stop water to families in Dimock, Pa. (AP)

ALLENTOWN, Pa. ? Families in a northeastern Pennsylvania village with tainted water wells will have to procure their own water for the first time in nearly three years as a natural-gas driller blamed for polluting the aquifer moves ahead with its plan to stop paying for daily deliveries.

Houston-based Cabot Oil & Gas Corp. plans to end delivery of bulk and bottled water to 11 families in Dimock on Wednesday. Cabot asserts Dimock's water is safe to drink and won permission from state environmental regulators last month to stop paying for water for the residents. A judge on Wednesday declined to issue an emergency order compelling Cabot to continue the deliveries.

Several environmental groups urged the state Department of Environmental Protection to reverse course, saying Cabot has not met its legal obligation to restore the water supply.

"The department's decision is irresponsible given that Dimock residents have relied on the trucking of temporary fresh water for drinking, bathing and other household uses," Jeff Schmidt, director of the Sierra Club's Pennsylvania chapter, wrote to Pennsylvania Environmental Secretary Michael Krancer this week. "The residents' water supplies have not been restored, either in quantity or quality."

A December 2010 agreement between DEP and Cabot required the company to offer residential treatment systems that remove methane from the residents' water, and to pay them twice the assessed tax value of their homes. The agreement does not make the company liable for any chemicals or metals that have turned up in the residents' water, nor does it require the company to treat the water for anything other than methane.

Residents who are suing Cabot have appealed the settlement. They favor an earlier, scuttled DEP plan that would have forced the company to pay nearly $12 million to connect their homes to a municipal water line.

State regulators had previously found that Cabot drilled faulty gas wells that allowed methane to escape into Dimock's aquifer. The company denied responsibility, but it has been banned from drilling in a 9-square-mile area of Dimock since April 2010.

Dimock, a rural community about 20 miles south of the New York state line, has seen 18 residential water wells polluted with methane. It has since become a flash point in the national debate over unconventional gas drilling in deep shale deposits like the Marcellus Shale, a vast rock formation in Pennsylvania and surrounding states that's believed to hold the nation's largest supply of natural gas.

Source: http://us.rd.yahoo.com/dailynews/rss/science/*http%3A//news.yahoo.com/s/ap/20111130/ap_on_re_us/us_gas_drilling_dimock

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Obama road trip: from payroll tax to campaign cash

President Barack Obama speaks with members of the media, Tuesday, Nov. 29, 2011, in the White House Oval Office Washington. (AP Photo/Haraz N. Ghanbari)

President Barack Obama speaks with members of the media, Tuesday, Nov. 29, 2011, in the White House Oval Office Washington. (AP Photo/Haraz N. Ghanbari)

(AP) ? One trip, two money pitches. President Barack Obama wants more money in the pockets of U.S. workers ? and in his campaign treasury.

With both goals in mind, the president was to travel Wednesday to swing-state Pennsylvania to press his case for a bigger temporary payroll tax cut that will boost paychecks. He then will descend on donor-rich New York City to raise money for his already flush re-election bid.

The one-day trip to Scranton, Pa., and New York illustrates the dual policy and political demands on Obama as the 2012 campaign season nears. It also draws attention to the different audiences that politicians must court, particularly in a weak economy.

Obama is pushing Congress to extend and expand this year's payroll tax cut, a move designed to increase consumer demand and boost the economy. If Congress does not act by year's end, the full payroll tax of 6.2 percent would be restored, increasing taxes on 160 million Americans.

As the deadline approaches, bipartisan political support is building for at least continuing the tax cut ? heading off a politically bruising tax hike. But Obama wants the cost of the payroll tax cut to be made up by an increase in taxes on taxpayers who earn more than $1 million, a trade-off that Republicans reject.

In selecting Scranton to make his appeal, Obama is venturing into the birthplace of Vice President Joe Biden and Sen. Bob Casey, the Pennsylvania Democrat who is the author of the payroll tax cut plan in the Senate.

The White House said Obama would meet with a Scranton family in their home before delivering a speech at Scranton High School.

Obama won Pennsylvania with 54 percent of the vote in 2008, but the state of the economy could put it in play in 2012. Its proximity to Washington and its political importance have made it a favorite stopping place for Obama and Biden. The trip comes as Obama steps up his re-election campaign, rolling out two ads that call on supporters to begin to mobilize.

White House spokesman Jay Carney, while conceding that the re-election effort is under way, played down politics as a factor in Obama's Scranton visit.

"It's part of his responsibility, serving the American people, to get out and be among them and to speak with them about his agenda or her agenda," he said.

In New York, Obama will attend three fundraisers: one at a private residence where tickets begin at $10,000; one at the Greenwich Village restaurant Gotham Bar and Grill at $35,800 per ticket; and a reception at the Sheraton Hotel, where tickets begin at $1,000. The money will be split between the Democratic National Committee and the Obama re-election campaign.

Obama also is scheduled to attend a reception celebrating progress on gay rights and the six-month anniversary of New York's approval of gay marriage. Obama has been supportive of gay and lesbian causes but has yet to declare his support for gay marriage.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2011-11-30-Obama/id-ef708b2a3be24a2b91f247a1ac53dfb9

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Husain Haqqani: US, Pakistan "understand how much they need each other" (Christian Science Monitor)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/167142618?client_source=feed&format=rss

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Tuesday, November 29, 2011

On Cyber Monday, Feds Shut ... - The BLT: The Blog of Legal Times

Federal authorities on Monday announced the seizure of 150 domain names for Web sites that featured alleged knock-offs of authentic jerseys, handbags, sports equipment and other items.

The results of the undercover operation "In Our Sites" top last year's crackdown, when investigators shut down 82 web sites.

In most cases, the person or people operating the commercial sites do not challenge the domain name seizure in court, Lanny Breuer, the assistant attorney general for the Justice Department?s criminal division, told reporters.

?The sale of counterfeit goods cheats consumers and robs legitimate businesses ? both large and small ? of the fruits of their hard-earned work,? Breuer said in a statement today. ?We will not tolerate those who seek to profit by abusing the Internet and stealing intellectual property at the expense of authors, artists and inventors.?

John Morton, who heads the U.S. Immigration and Customs Enforcement agency, told reporters on a conference call: ?We want to promote a lawful online environment as much as we can and that means going after the small but significant number of Web sites that are engaged in frauds on consumers.?

Morton and Breuer said law enforcement officers worked with copyright holders in an undercover sting to determine whether any targeted Web site was offering counterfeit goods for sale. Investigators bought sports jerseys, golf equipment, DVDs, shoes, sunglasses and other items.

DOJ officials said in most of the cases the goods were shipped to the United States from a supplier in another country. China was a main source for much of the goods, according to law enforcement officials.

The domain name becomes the property of the federal government if no person challenges the seizure. Since 2010, federal authorities have shut down 350 domain names through ?Operation In Our Sites.? Of the 350, 116 sites are now the property of the government.

The authorities post a banner on any site the government has seized. ?MyJerseyShop.com,? for instance, is no longer up and running. The banner on the site notifies the visitor of the seizure and provides the penalties for willful copyright infringement.

Click here for a list of the web sites the authorities seized. A sampling form the list: louisvuitton-bags-forcheap.com, mlbjerseyswell.com, texansjerseystore.com and shopsbag.com.

Source: http://legaltimes.typepad.com/blt/2011/11/on-cyber-monday-feds-shut-down-150-web-sites-1.html

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Video: Jackson doctor gets maximum sentence

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Source: http://video.msnbc.msn.com/newsnation/45480772/

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Angry Pakistan to boycott Afghanistan talks (Reuters)

KABUL/LAHORE, Pakistan (Reuters) ? Pakistan pulled out of an international conference on the future of Afghanistan on Tuesday, its latest angry riposte after a cross-border attack by NATO that killed 24 of its soldiers and plunged the conflict-plagued region deeper into crisis.

Islamabad's decision to boycott next week's meeting in the German city of Bonn on securing peace after NATO combat troops leave Afghanistan in 2014 means a key player that can lean on Taliban militants to join the process will be absent.

"The cabinet reaffirmed Pakistan's support for stability and peace in Afghanistan and the importance of an Afghan-led, Afghan-owned process of reconciliation," the government said in a statement.

"Pakistan looks forward to the success of this conference but in view of developments and prevailing circumstances has decided not to participate in the conference."

The move will not be a major setback to the process of planning Afghanistan's future as few tangible results were expected at Bonn, despite the attendance of U.S. Secretary of State Hillary Clinton and other government ministers.

Bonn was organized with the expectation that Washington and Kabul would have pinned down by then what their strategic relationship would look like after the departure of foreign combat troops, but talks on this have dragged on inconclusively.

Indeed, Pakistan's decision to pull out over last weekend's border attack was seen by some diplomats as an over-reaction because the conference involves the wider international community, including China, Japan, Iran and the European Union.

A senior diplomat in Kabul dubbed it "a pretty huge miscalculation."

"The agenda of Bonn does not depend on Pakistan, nor does its success depend on Pakistan," a senior British foreign office official told reporters. "But it would be better for Pakistan if she were there. There is a slight risk of the Pakistanis disenfranchising themselves."

Pakistan's participation in Afghanistan's peace process is crucial because it could help lead the Taliban and the al Qaeda-linked Haqqani network to the negotiating table.

"Pakistan has an important leverage of facilitating, cooperating, trying to put pressure on the Taliban, trying to put pressure on the Haqqani group," said retired Pakistani general and defense analyst Talat Masood.

"And if Pakistan is absent, there is a possibility that all these levers that Pakistan can exercise to facilitate the withdrawal will not be available."

Pakistan has a long history of ties to militant groups in Afghanistan so it is uniquely positioned to help bring about a peace settlement, a top foreign policy and security goal for the U.S. administration.

PRESSURE TACTICS

The decision to pull out of Bonn appears to be the latest attempt by Pakistan to put pressure on Washington and NATO following what Pakistan says was an unprovoked attack on two combat outposts on the border with Afghanistan last Saturday.

The government statement also reaffirmed Pakistan's decision to review cooperation with the United States and NATO.

"Despite Pakistan's continued efforts to play a positive role for stability and peace in countering terrorism and militancy in the region, the sacrifices of the nation have not been recognized," the statement said.

Fury at the cross-border incident showed no signs of abating. Pakistani cable television operators threatened to block Western news channels they say are anti-Pakistani.

"We want to send them a strong message to stop this. If they don't stop this, then it is our right to stop them," Khalid Arain, president of the All Pakistan Cable Operators Association (APCOA) said in a live media conference. The BBC was the focus of criticism.

Sadiq Lakhani, vice chairman of the APCOA, said the BBC would be blocked by midnight local time (1900 GMT).

NATO described the killings as a "tragic, unintended incident." Separate NATO and U.S. investigations are underway.

A Western official and an Afghan security official who requested anonymity said NATO troops were responding to fire from across the border at the time of the incident.

Pakistan disagrees, saying the attack lasted two hours despite warnings from the outposts, and has reserved the right to retaliate.

Both the Western and Pakistani explanations are possibly correct: that a retaliatory attack by NATO troops took a tragic, mistaken turn in harsh terrain where differentiating friend from foe can be difficult.

An Afghan Taliban commander, Mullah Samiullah Rahmani, said the group had not been engaged in fighting NATO or Afghan forces in the area at the time, although Taliban fighters control several Afghan villages near the border with Pakistan.

A similar cross-border incident on September 30, 2010, which killed two Pakistani service personnel, led to the closure of one of NATO's supply routes through Pakistan for 10 days.

The supply lines have again been shut down, leaving hundreds of supply trucks stranded in a security challenge for Pakistan.

"We are at full strength and on high alert on the highways because of the stranded trucks," said a police official in Muzaffargarh town who asked not to be identified. "We are very worried about the situation. We cannot guarantee security."

NATO supply trucks are often attacked by bandits and militants.

Earlier on Tuesday, protests against NATO spread across Pakistan.

At least 300 members of the student wing of the Pakistan Tehreek-i-Insaaf, the political party of former cricketer Imran Khan, blocked a road in Lahore and chanted slogans for about 90 minutes.

In Multan in southern Punjab, about as many again chanted "Death to America" and burned U.S. and NATO flags.

"This attack is an attack on all of Pakistan," said Tariq Naimullah, one of the protesters. "Pakistan will become a graveyard for NATO."

(Additional reporting by Chris Allbritton, Augustine Anthony, Zeeshan Haider and Qasim Nauman in ISLAMABAD, Asim Tanveer in MULTAN, Jan Harvey in KABUL and Myra MacDonald in LONDON; Writing by Chris Allbritton; Editing by John Chalmers and Paul Tait)

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/nm/20111129/wl_nm/us_pakistan_nato_conference

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After endorsement, does Newt Gingrich still have a New Hampshire problem?

Newt Gingrich may have won the endorsement of the influential New Hampshire Union Leader, but he's still a distant second to Mitt Romney in state polls and has a lot of catching up to do.

Newt Gingrich was endorsed by the New Hampshire Union Leader on Sunday, in case you haven?t heard. Yes, that?s great for Newt, and the endorsement has received zeppelin-loads of coverage in other media, to the point where the Union Leader Monday ran a story about the reaction to its GOP primary choice.

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But isn?t it possible that despite this development the ex-speaker still has a New Hampshire problem? He?s doing great in national polls, and he?s surging in Iowa and South Carolina, but for Mr. Gingrich a Granite State victory may still be a Mt. Monadnock climb away.

He's behind

Overlooked in a lot of the endorsement hoopla is the fact that Newt remains a distant second in New Hampshire polls. On Monday the Real Clear Politics rolling average of major surveys had him as the choice of 18.5 percent of the state?s GOP voters. Mitt Romney is first with 36.8 percent ? almost double Gingrich?s total.

It?s certainly possible that a Newt surge is underway that this calculation does not yet catch. If Gingrich does well in Iowa he could slingshot into New Hampshire with momentum. But it?s also possible that the person in third place, Ron Paul, could outperform expectations in Iowa, and slingshot past the former speaker. After all, Paul?s currently at 13.3 percent, a slim 5 percentage points behind Gingrich. And if you look at him from the side, and squint, Paul kind of looks like the Old Man of the Mountain, don?t you think?

The Union Leader isn't what it used to be

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/2zWlF_N5VVM/After-endorsement-does-Newt-Gingrich-still-have-a-New-Hampshire-problem

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This iPhone 4 Spontaneously Caught Fire In a Flight [Apple]

This iPhone 4 started to glow red and smolder with dense fumes in the middle of a flight to Sydney, Australia. Fortunately, a flight attendant stopped it from exploding violently, something that has happened before with other gadgets. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/dwcXoi7vyko/this-iphone-4-spontaneously-caught-fire-in-a-flight

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Libyan Islamist commander endorses new government (Reuters)

TRIPOLI (Reuters) ? The Islamist who commands one of Libya's most powerful militias, Abdel Hakim Belhadj, said on Monday he will back the interim national government despite his supporters being overlooked for top posts.

But he would not commit to a date for the forces under his control to hand over their weapons to the government, a crucial test of whether Libya after the fall of dictator Muammar Gaddafi can form a cohesive state.

Some analysts had warned that caretaker Prime Minister Abdurrahim El-Keib risked sparking a confrontation with Belhadj's Islamists after he handed the defense minister's post in the new government to the head of a rival militia.

Speaking at the luxury hotel overlooking Tripoli's port where he has his headquarters, Belhadj said he had not put his name forward for any cabinet post, and had been consulted about appointments for the most powerful jobs.

"I hope that it (the new government) will be granted all the support needed for it to carry out its tasks. I am aware of certain opinions accusing it of being imbalanced in terms of representing all regions, but we hope that it would be allowed to carry out its duties to render the country stable and secure," he said.

"As revolutionaries, we are concerned with supporting this government and all the ministers including the defense minister. We will coordinate and cooperate with the defense ministry ... Our relationship with the defense minister is good."

LOCAL RIVALRIES

Belhadj is a former leader of the Libyan Islamic Fighting Group, which waged an insurgency against Gaddafi in the 1990s. He spent time with Islamist militants in Afghanistan, though he said he was not allied with Osama bin Laden's al Qaeda.

He was captured, detained by British and U.S. intelligence services, and sent to Libya in 2004, where he was jailed. He was given an amnesty last year after renouncing violence.

Belhadj heads the Tripoli Military Council, a heavily-armed force of about 25,000 men. It is one of dozens of competing groups which Western states backing Libya's new leaders want to see brought under one command.

Tensions between the rival groups surfaced last week when Belhadj was briefly detained at Tripoli International Airport as he set off on a trip abroad. Airport officials said there was a problem with his passport.

Security at the airport is controlled by fighters from Zintan, the stronghold of another powerful militia southwest of Tripoli that is also the power base of the new defense minister, Osama al-Juwali.

An aide said Belhadj refused to answer questions about the airport incident in the interview.

Asked about tensions between rival groups, he did not answer directly, saying only that opposing views were "very normal in ... (the) democratic atmosphere that the Libyans are living in nowadays."

He said he will work with the defense and interior ministries on a mechanism for his forces to hand over their weapons and amalgamate into new government institutions.

"You can see that the military presence has receded and this is a positive sign," said Belhadj.

But he said it was too early to give a timetable for the handover, and that it was down to the government to create the right conditions for this to happen.

"It is not on our agenda right now. This is a two-sided solution ... We call on the government to recruit the revolutionaries into the ministries and public institutions."

"We have to wait for the plans and programs of the relevant ministries and the corresponding plans and programs to be initiated by the revolutionaries," he said.

"When the two reach a meeting point (we need) to draft a comprehensive plan, then it would be done."

Belhadj was dressed on Monday in a carefully-pressed suit and open-necked shirt instead of his more customary camouflage fatigues. He said this symbolized Libya's transition from a war footing to civilian authority.

Libyans close to the new government speculate that Belhadj is planning to form an Islamist political party which will compete for power in the elections scheduled to take place around the middle of next year.

He did not give details about what he was planning but said:

"Of course I am also interested in the coming elections just like any other Libyan who is interested in and follows Libyan affairs. We are preparing and are getting ready for the future political project."

(Additional reporting by Hisham El Dani; Editing by Mark Heinrich)

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/nm/20111128/wl_nm/us_libya_islamist_belhadj

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Monday, November 28, 2011

Former heavyweight title contender Ron Lyle dies (Reuters)

DENVER (Reuters) ? Former prizefighter Ron Lyle, a convict-turned-contender who once fought Muhammad Ali for the heavyweight title, died on Saturday at age 70 in Denver.

Lyle, admitted to Porter Adventist Hospital on Friday with a stomach ailment, died from septic shock after undergoing surgery, said Ron McKinney of the Salvation Army, who worked with the former heavyweight at a youth boxing program.

"I just spoke to him yesterday, so this was a total surprise to all of us," McKinney told Reuters. "He was a giant, but a gentle giant...I've lost a good friend."

A native of Dayton, Ohio, who grew up in Denver in a family of 19 children, Lyle was convicted as a teenager of second-degree murder and went to prison, learning to box while he was incarcerated.

A chiseled, hard-punching fighter, Lyle became a fearsome amateur boxer while still an inmate.

He was paroled in 1969 and set out on a professional boxing career, ultimately earning a title shot against Ali in May 1975.

Lyle was ahead on points in the championship bout until Ali unleashed a flurry of unanswered combinations to a cornered Lyle in the 11th round.

The referee stopped the fight, awarding Ali a technical knockout victory. Lyle always contended that the fight was halted prematurely.

His other memorable fight was a January 1976 slugfest with another hard-hitting heavyweight, George Foreman. The two stood toe-to-toe, knocking each other down multiple times before Foreman ultimately won in a knockout.

Lyle was last seen publicly earlier this month when he commented on the death of former champion Joe Frazier.

(Editing by Steve Gorman and Colleen Jenkins)

Source: http://us.rd.yahoo.com/dailynews/rss/obits/*http%3A//news.yahoo.com/s/nm/20111126/us_nm/us_boxer_lyle_death

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Europe bond yields to keep stocks spellbound (Reuters)

NEW YORK (Reuters) ? U.S. investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one, or losses could have been larger.

As another round of news and bond auctions from Europe begins next week, traders will watch closely sovereign bond yields that have kept markets on edge.

Yields rose in almost every euro-zone country this week, and Germany failed to find enough bids for a 10-year auction. The S&P 500 reacted by posting a second straight week of declines and its worst week in two months.

Politicians are scrambling to find a way out of a two-year-old sovereign debt crisis in the euro zone and a visit to Washington from top European Union officials, as well as a meeting of euro-zone finance ministers, will provide the market with headlines and possibly add to uncertainty.

With the specter of rising yields, France, Britain, Italy, Belgium and Spain are holding debt sales next week. The direction of bond yields will determine the direction of equity markets.

"Politicians are trying to buy themselves time so austerity measures kick in and impact budgets and deficits and markets become more forgiving and rates come down," said Wasif Latif, vice president of equity investments at the San Antonio, Texas-based USAA Investment Management, which manages about $45 billion.

"The credit market and fixed income are a little bit more in the eye of storm; that's where the issue is rising, so equities are more reactionary," he said. "You may continue to see more of the same."

Investors have worried about rising borrowing costs in many euro-zone nations, but Italy, the third-largest euro zone economy, has grabbed most of the focus. On Friday Rome paid a record 6.5 percent to borrow for six months and almost 8 percent to issue two-year zero coupon bonds.

Many market participants have said that the sharply differentiated risk-on and -off trades that the euro zone crisis has generated has seen equities being sold as an asset class, with little or no difference between strong and week balance sheets and earnings reports. But a wedge has opened at least from a global perspective, as data show stocks of companies with more exposure to Europe are underperforming.

POLITICS TO DRIVE THE WEEK

President Barack Obama will meet on Monday with European Council President Herman van Rompuy and European Commission President Jose Manuel Barroso, and Europe's response to the two-year sovereign debt crisis is expected to top the agenda.

"The only thing that will come out of that is speculation," said Todd Salamone, vice president of research at Schaeffer's Investment Research in Cincinnati, referring to the meeting in Washington.

"It will come down to the U.S. trying to convince European leaders to get something in place to solve this crisis."

Not many hopes are set either on Tuesday's meeting where euro-zone finance ministers are expected to agree on how to further strengthen the region's bailout fund.

On Thursday, European Central Bank President Mario Draghi presents the bank's annual report to the European parliament.

As the latest reminder from markets to politicians that they are running out of time, Belgium's credit rating was downgraded by Standard & Poor's.

IF EUROPE ALLOWS, DATA WILL BE KEY

Some of the most important U.S. economic monthly data will be released next week, but will it be enough to unlink the stock market's behavior and European yields.

New home sales and the S&P/Case-Shiller home prices index will start the week showing if the housing market continues on life support. Data on confidence among consumers, who flooded U.S. stores on Friday as the holiday shopping season started, will be released on Tuesday.

The Institute for Supply Management's manufacturing report is due, with investors not only looking at the U.S. number on Wednesday but also factory readings from Europe and China on Thursday.

By midweek labor data takes over with the private sector employment report from ADP and Challenger's job cuts report, followed Thursday by the weekly jobless claims numbers and topped by Friday's monthly non-farm payrolls report.

"It would be a little bit refreshing to focus on the U.S. data for a change," said Brian Lazorishak, senior quantitative analyst and portfolio manager at Chase Investment Counsel in Charlottesville, Virginia.

He said if European headlines allow it, the focus will be in the labor market where "most people are looking for modest improvement."

(Reporting by Rodrigo Campos; additional reporting by Edward Krudy; Editing by Kenneth Barry)

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/nm/20111127/bs_nm/us_usa_stocks_weekahead

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