Thursday, February 28, 2013

Benzema caught speeding over 70 mph over limit

Associated Press Sports

updated 7:28 a.m. ET Feb. 28, 2013

MADRID (AP) - Spanish police say Real Madrid striker Karim Benzema was caught speeding at more than 70 mph over the limit.

Police say Benzema has been charged with reckless driving after being caught going 134 mph in a 62 mph zone in Madrid on Feb. 3. Police say the France international faces losing his license and a fine.

In June 2011, Benzema was fined for reckless driving when police caught him racing through the city on the Mediterranean island of Ibiza.

Madrid plays Barcelona on Saturday in the Spanish league before visiting Manchester United in the Champions League on Tuesday.

? 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Galaxy on quest for three-peat

PST: David Beckham is gone, Landon Donovan will start the season late and Robbie Keane is the new captain. But the Galaxy are still contenders for a third-straight MLS title.

Source: http://nbcsports.msnbc.com/id/50985764/ns/sports-soccer/

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Greek man charged in NY Dali theft pleads guilty

NEW YORK (AP) ? A Greek man has admitted to stealing a Salvador Dali painting from a New York City gallery, only to return it in the mail.

Phivos Istavrioglou pleaded guilty on Tuesday following his arrest in the theft of a work titled "Cartel de Don Juan Tenorio."

Prosecutors say the fashion industry publicist walked into the Manhattan gallery in June, put the painting valued at about $150,000 in a shopping bag and walked out. He anonymously mailed the piece back to the United States from Greece after seeing news coverage of the theft.

Under the plea deal, Istavrioglou avoids additional jail time if he remains incarcerated until his formal sentencing on March 12. He also must pay more than $9,000 in restitution.

His lawyer said it was a stupid thing to do.

Source: http://news.yahoo.com/greek-man-charged-ny-dali-theft-pleads-guilty-035817208.html

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Samsung announces Android Wallet app for tickets and coupons, opens API to developers

If your heart bleeds Android, but your eyes occasionally wander in the direction of Apple's Passbook, good news. Samsung has announced "Wallet," a ticketing and coupon app of its own. Unveiled at the firm's Developer Day at Mobile World Congress, Wallet comes ready with an open API to encourage adoption, with some big names already onboard including Hotels.com, Booking.com, Expedia, MLB and Lufthansa. Though this isn't the only Android solution we've heard about, in keeping with the norm, the app will be connected, and location aware. As such, the app will let you know when Wallet-friendly stores and so on are nearby, as well as continually send updates to items already stored in the app, should those booking details change. The app API is still in beta at this time, but word is that Samsung is accepting early sign-ups on its approval.

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Source: The Next Web

Source: http://www.engadget.com/2013/02/27/samsung-announces-android-wallet-app/

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Wednesday, February 27, 2013

Wall Street Records Biggest Profit Since Before The Financial Crisis


WASHINGTON, Feb 26 (Reuters) - The U.S. banking industry in 2012 recorded its highest earnings since before the 2007-2009 financial crisis, according to data released on Tuesday by the Federal Deposit Insurance Corp.
The FDIC said the industry's full-year earnings were the second-highest on record at $141.3 billion, an increase over 2011 of $22.9 billion, or 19.3 percent.
Bank earnings peaked in 2006 at $145.2 billion.
Much of the earnings growth in 2012 came from banks reducing the amount they set aside in case of losses on loans, the FDIC said. Banks also saw gains on loan sales and higher servicing income.
"While there is still room for further income growth, we don't expect the pace of earnings growth to continue at these levels," FDIC Chairman Martin Gruenberg said in a statement.
The report will likely be seen as a sign that the industry is healing after the financial crisis, although some bigger banks cut jobs last year to cope with persistent pressures such as declines in trading volume.
The industry's earnings for the fourth quarter of 2012 totaled $34.7 billion, up $9.3 billion, or 36.9 percent, from the same period in 2011, the FDIC said.
Net operating revenue during the fourth quarter was $169 billion, up $7.3 billion, or 4.5 percent, from a year earlier, the FDIC said. (Reporting By Emily Stephenson; editing by John Wallace)

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Source: http://www.huffingtonpost.com/2013/02/26/bank-earnings-high-2012_n_2765354.html

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Progress at Iran nuke talks?

ALMATY (Reuters) - Major powers on Tuesday offered Iran limited sanctions relief in return for a halt to the most controversial part of its nuclear program, and Iran promised to respond with a proposal on the same scale.

The talks in Kazakhstan were the first in eight months between Iran and the five permanent members of the U.N. Security Council plus Germany - the "P5+1" - on a decade-old dispute that threatens to trigger another war in the Middle East.

Iran has used the time since the last meeting in June to further expand activity that the West suspects is aimed at enabling it to build a nuclear bomb, something that Israel has suggested it will prevent by force if diplomacy fails.

The two-day negotiations in the city of Almaty follow inconclusive meetings last year in Istanbul, Baghdad and Moscow.

U.S. Secretary of State John Kerry said in Berlin that he hoped Iran "will make its choice to move down the path of a diplomatic solution".

A Western official who declined to be named said the talks had been "useful" and confirmed they would continue on Wednesday as scheduled.

But with the Islamic Republic's political elite preoccupied with worsening infighting before a presidential election in June, few believe the meeting will yield a quick breakthrough.

"It is clear that nobody expects to come from Almaty with a fully done deal," said a spokesman for the European Union's foreign policy chief Catherine Ashton, who oversees contacts with Iran on behalf of world powers.

OFFER PRESENTED

A U.S. official said on Monday that the powers' offer to Iran - an updated version of one rejected by Iran last year - would take into account its recent nuclear advances, but also take "some steps in the sanctions arena".

This would address some of Iran's concerns but not meet its demand that all sanctions be lifted, the official said.

A Western official later said the powers had formally presented the offer during Tuesday's talks but gave no details.

In Almaty, a source close to the Iranian negotiators told reporters: "Depending on what proposal we receive from the other side we will present our own proposal of the same weight. The continuation of talks depends on how this exchange of proposals goes forward."

Iranian media also said the talks would continue, without saying whether the Iranian proposal had been presented.

At best, diplomats and analysts say, Iran will take the joint offer from the United States, Russia, France, Germany, Britain and China seriously and agree to hold further talks soon on practical steps to ease the tension.

"We are looking for flexibility from the Iranians," said Ashton's spokesman, Michael Mann.

But Iran, whose chief negotiator Saeed Jalili is close to Supreme Leader Ayatollah Ali Khamenei and is a veteran of Iran's 1980s war against Iraq and the Western powers that backed it, has shown no sign of willingness to scale back its nuclear work.

It argues that has a sovereign right to carry out nuclear enrichment for peaceful energy purposes, and in particular refuses to close its underground Fordow enrichment plant, a condition the powers have set for any sanctions relief.

FASTER ENRICHMENT

A U.N. nuclear watchdog report last week said Iran was for the first time installing advanced centrifuges that would allow it to significantly speed up its enrichment of uranium, which can have both civilian and military purposes.

Tightening Western sanctions on Iran over the last 14 months are hurting Iran's economy and slashing oil revenue. Its currency has more than halved in value, which in turn has pushed up inflation.

The central bank governor was quoted on Monday as saying Iran's inflation was likely to top 30 percent in coming weeks as the sanctions contribute to shortages and stockpiling.

But analysts say the sanctions are not close to having the crippling effect envisaged by Washington and - so far at least - they have not prompted a change in Iran's nuclear course.

Western officials said the powers' offer would include an easing of restrictions on trade in gold and other precious metals if Tehran closes Fordow.

The facility is used for enriching uranium to 20 percent fissile purity, a short technical step from weapons-grade.

The web-based news site Al Monitor said on Tuesday that the big powers' offer could also include some relief for the petrochemical industry and in banking. Officials present in Almaty declined to comment on the report.

The stakes are high with Israel, assumed to be the only nuclear-armed power in the Middle East, hinting strongly at military action and Iran pledging to hit back hard if attacked.

Western officials acknowledge an easing of U.S. and European sanctions on trade in gold represents a relatively modest step. But gold could be used as part of barter transactions that might allow Iran to circumvent financial sanctions.

Iran's Foreign Ministry spokesman last week dismissed the reported incentive as insufficient and a senior Iranian lawmaker has ruled out closing Fordow, close to the holy city of Qom.

(Additional reporting by Fredrik Dahl in Almaty, Zahra Hosseinian in Zurich, Arshad Mohammed and Stephen Brown in Berlin)

Source: http://news.yahoo.com/powers-offer-iran-sanctions-relief-nuclear-talks-055616179.html

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Wednesday, February 20, 2013

Anti-austerity strike to bring Greece to a standstill

ATHENS (Reuters) - Greek workers walk off the job on Wednesday in a nationwide anti-austerity strike that will disrupt transport, shut public schools and tax offices and leave hospitals working with emergency staff.

Greece's two biggest labor unions plan to bring much of the near-bankrupt country to a standstill during a 24-hour strike over the cuts, which they say only deepen the plight of a people struggling to get through the country's worst peacetime downturn.

Representing about 2.5 million workers, the unions have gone on strike repeatedly since Europe's debt crisis erupted in late 2009, testing the government's will to implement necessary reforms in the face of growing public anger.

"The (strike) is our answer to the dead-end policies that have squeezed the life out of workers, impoverished society and plunged the economy into recession and crisis," said the private sector union GSEE, which is organizing the walkout with its public sector sister union ADEDY.

"Our struggle will continue for as long as these policies are implemented," it said.

Prime Minister Antonis Samaras's eight-month-old coalition government has been eager to show it will implement reforms it promised the European Union and International Monetary Fund, which have bailed Athens out twice with over 200 billion euros.

It has taken a tough line on striking workers, invoking emergency law twice this year to order seamen and subway workers back to the job after week-long walkouts that paralyzed public transport in Athens and led to food shortages on islands.

But in a sign it is buckling under pressure, it announced on Monday it would not fire almost 1,900 civil servants earmarked for possible dismissal, despite promising foreign lenders it would seek to cut the public payroll.

STRIKES PICKING UP

Strikes have picked up in recent weeks, underscoring Greeks' anger at record high unemployment and poverty levels. A one-day visit by French President Francois Hollande in Athens on Tuesday went largely uncovered as Greek journalists were on strike.

In northern and central Greece, farmers have been protesting at high production costs and fuel prices for nearly a month, occasionally blocking the country's main north-south highway.

Most business and public sector activity is expected to come to a halt during Wednesday's strike, with school teachers, train and bus employees and bankers among various groups joining the walkout.

Hospitals will have only emergency staff and ships will stay in port as seaworkers plan to defy government orders to return to work.

Several marches are expected to culminate in demonstrations outside parliament on central Syntagma square, where they have often ended in violent clashes between police and protesters in the past.

Analysts said Greece securing bailout funds in December, which averted bankruptcy and ended months of uncertainty over the country's future in the euro, created expectations among Greeks that things would improve on a personal level as well.

"If these expectations are not satisfied by the summer, then whatever is left of the working class will respond with more protest," said Costas Panagopoulos, head of Alco pollsters.

(Additional reporting by Tatiana Fragou; writing by Karolina Tagaris; Editing by Stephen Nisbet)

Source: http://news.yahoo.com/anti-austerity-strike-bring-greece-standstill-233851099.html

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Obama to use emergency responders to push GOP on cuts

President Barack Obama on Tuesday morning will stand with emergency responders at the White House, according to a White House official, to issue yet another warning to congressional Republicans ahead of across-the-board, automatic spending cuts known as the sequester. The cuts total $85 billion and are set to go into effect if a budget is not passed by March 1.

The president is scheduled to deliver his remarks at 10:45 a.m. ET. He will discuss the impact of federal cuts on emergency first responders, as well as the effect of the sequester on other jobs and the middle class, according to the official.

Obama has urged Congress to pass a short-term budget fix in the absence of a complete budget resolution. The alternative, the White House says, will derail the economy.

The White House accuses Republicans of preferring a sequester over closing tax loopholes for the nation's wealthiest. Many Republicans, including House Speaker John Boehner, have voiced their disapproval of the sequester (even though Boehner and a majority of Republicans voted for the fiscal cliff plan that maintained it), and have pushed the president and Democrats to offer a concrete alternative that tackles debt and deficit problems.

Source: http://news.yahoo.com/blogs/ticket/obama-emergency-responders-push-republicans-sequester-141651336--politics.html

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