Online sales jump 24 percent early on Cyber Monday: IBM












SAN FRANCISCO (Reuters) – Online sales jumped during the first hours of Cyber Monday suggesting strong growth from earlier in the holiday shopping season continues, according to data from International Business Machines Corp.


Online sales were up 24.1 percent as of 12:00pm EST on Cyber Monday, compared to the same period a year earlier, said IBM, which tracks transaction data from 500 U.S. retail websites. In 2011, the early Cyber Monday year-over-year growth was 15 percent, IBM noted.












Strong online sales growth on Thanksgiving Day and Black Friday sparked concern that shoppers may just be buying earlier, threatening revenue later in the season.


“So far that is not the case,” said Jay Henderson, Strategy Director, IBM Smarter Commerce. “Extending the shopping season has really just fueled additional online spending rather than cannibalizing days later in the season.”


(Reporting By Alistair Barr)


Internet News Headlines – Yahoo! News


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Beyonce documentary premiering on HBO in February












NEW YORK (AP) — Beyonce is getting personal.


HBO announced Monday that a documentary about the Grammy-winning singer will debut Feb. 16, 2013. Beyonce is directing the film, which will include footage she shot herself with her laptop.












The network said the documentary will include “video that provides raw, unprecedented access to the private entertainment icon and high-voltage performances.” It will also feature home videos of her family and of the singer as a new mother and owner of her company, Parkwood Entertainment.


Beyonce said in a statement the untitled project was “personal” to her. She is married to Jay-Z. They had their first child, daughter Blue Ivy Carter, in January.


The 31-year-old will perform at the 2013 Super Bowl halftime show on Feb. 3, 13 days before the documentary airs.


Entertainment News Headlines – Yahoo! News


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Obama spoke with House Speaker Boehner, others on “fiscal cliff”












WASHINGTON (Reuters) – President Barack Obama spoke with House of Representatives Speaker John Boehner over the weekend on efforts to avert the looming “fiscal cliff” of budget cuts and tax rises that threatens to tip the U.S. economy back into recession.


A White House official said on Monday that Obama also spoke with Senate Majority Leader Harry Reid, a fellow Democrat, and said discussions among staff members continued.












The president met with congressional leaders, including Boehner and Reid, 10 days ago seeking common ground following Obama’s re-election for another four-year term on November 6.


Boehner and fellow Republicans oppose the Democrats’ proposal to raise taxes on the very wealthy as part of arrangements to rein in the enormous U.S. budget deficits.


Starting on January 2, about $ 600 billion worth of tax increases and spending reductions, including $ 109 billion in cuts to domestic and defense programs, will begin to kick in if Congress cannot decide how to replace them with less extreme deficit-reduction measures.


(Reporting by Mark Felsenthal; Editing by David Storey)


Health News Headlines – Yahoo! News


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Fiscal cliff notes for the budget shell game

By Walter Shapiro

It was the political equivalent of discovering more Americans were secretly watching British snooker telecasts than pro football. According to a recent national survey by the Pew Research Center, more Americans claimed to be very closely following the budget negotiations to avert the fiscal cliff than were engrossed in the soap opera that forced CIA director David Petraeus to resign.

A few possible explanations for these anomalous poll results:

1) A sex scandal involving a revered four-star general is inherently boring. 2) Americans mistakenly assume that the fiscal cliff is part of an extreme skateboarding competition, not shorthand for the looming expiration of the Bush-era tax cuts and possible across-the-board spending cuts. 3) Voters have been panicked into believing that the president and Congress must solve the country’s financial problems by the Dec. 31 or we instantly become an international basket case.

In truth, the fiscal cliff is nothing more than an arbitrary deadline created by Congress to be replaced with a dramatic flourish and, yes, another arbitrary deadline set a bit further in the future. It’s a shell game created by political con men who have come to believe their own cons.

So, relax about the over-hyped New Year’s Eve countdown for budget negotiations. Results matter, not the timetable. But even without the Petraeus-related distractions, it’s hard to separate the real from the fake, the legitimate fiscal issues from the political posturing.

So here is my version of Fiscal Cliff Notes:

Fact: All comparisons to Greece, Spain, the Roman Empire or the Duchy of Grand Fenwick are ludicrously exaggerated.

“The Road to Greece” might have been the title of a Mitt Romney campaign biopic since the former GOP presidential hopeful used the imagery so often. And during an interview Sunday with ABC’s “This Week,” South Carolina Republican Sen. Lindsey Graham used the same rhetorical excess about the American economy reduced to offering budget tours of the Acropolis.

In fact, the European fiscal crisis is far different from what the U.S. faces.

Debtor nations like Greece and Spain do not fully control their economies because they are lashed to German austerity policies through the common currency, the Euro. That means those countries do not have their own currencies to devalue, which would spur exports. Nor do they have a central bank like the U.S. Federal Reserve which would provide liquidity for their banking systems.

The United States does have long-term fiscal challenges and years of unsustainable trillion-dollar budget deficits. But our problems are largely due to the fact that we are still groping our way out of the worst economic downturn since the Great Depression. Slow but persistent economic growth (the White House projects that unemployment will not drop below 6 percent until 2017) will reduce many budgetary problems.

Global confidence in the American economy is reflected in the near record low interest rates available on 10-year and 30-year Treasury bonds. Investors around the world are willing to tie up their money for 30 years in Treasuries for the paltry interest rate of 2.8 percent.

Fact: Even if all the Bush tax cuts expire on Jan. 1, no one will instantly be paying higher income tax rates.

The Wall Street Journal ran a story the other day titled “Most Households Face Fiscal Cliff,” suggesting almost every American family would pay more if the Bush tax cuts expired. As an example, the Journal pointed to a married couple making about $25,000 a year whose annual income tax bill would leap from zero to about $1,400.

While the tax calculations are accurate, the likelihood of this happening is about on par with an asteroid destroying the Capitol. No one in government wants the Bush tax cuts to expire for anyone earning less than $250,000 a year, so a hypothetical family scraping by on $25,000 a year would not pay a penny more in income taxes under anyone’s plan.

But what if Congress misses the Dec. 31 deadline to extend the Bush tax cuts?

This is the part of the shell game. The Treasury Department has wide discretion in the pace by which it instructs employers to adjust their income-tax withholding rates. Chances are Treasury would do nothing in January to change the rates for anyone earning less than $250,000, meaning a temporary tax increase for those wage earners would be a fiscal abstraction rather than a real-world wallet pinch. And when Congress and the president cut the inevitable tax deal, the new, lower rates would be retroactive to January 1.

Make no mistake: Some people will see their taxes increase. For the past two years, most Americans have benefited from a 2 percent reduction in their payroll taxes – a cut designed to stimulate the economy in a period of high unemployment. But the payroll tax cut was always supposed to be temporary rather than a permanent rate adjustment. While nothing is certain, chances are payroll taxes will revert to their normal levels next year.

Then there is the so-called “sequester” that is supposed to slash $100 billion from the budget if lawmakers do not reach an epic Grand Bargain on the deficit. For all the alarmist talk that this will reduce the U.S. Navy to bathtub levels and shred the social safety net, the sequester is another easily disarmed fiscal booby-trap.

In fact, Congress will (shocking revelation ahead) probably extend the deadline. And even if lawmakers temporize, don’t expect to see generals and admirals on the unemployment line. The automatic cuts are evenly divided between the Pentagon budget and domestic spending for a total of about $8 billion per month and every federal agency has been preparing for these potential cuts.

Across-the-board cuts, to be sure, are a foolish way to impose budgetary discipline since there is no rational case to reduce funding for embassy security after the Benghazi raid or slash FEMA spending in the wake of Superstorm Sandy. But it is hard to believe that even a delay of a month or two will ultimately matter except at the margins.

Fact: There is no $4 trillion magic number that the president and Congress must hit to prove their long-term deficit reduction plan is credible.

Somehow $4 trillion has become the gold standard to measure deficit hawk seriousness. That was the rough number in the 2010 Simpson-Bowles deficit reduction plan and it carried over into President Obama’s abortive 2011 negotiations with Republican House Speaker John Boehner.

Throughout the 2012 presidential campaign, Obama talked about his own $4 trillion “balanced plan.” But that was partly sleight of hand: The Obama road map includes $1 trillion in savings from a 2011 congressional deal and another mythical $848 billion from the end of the Iraqi and Afghan wars. In short, his plan reflected previous agreements and military spending that had already been discontinued.

Fact: Everyone in Washington wants credit for tackling the deficit but no one wants to be blamed for causing pain.

As recounted by Bob Woodward in “The Price of Politics,” a dramatic moment in the 2011 Obama-Boehner negotiations came when the two men battled over boosting the age to qualify for Medicare. Boehner wanted the age change to take effect in 2017 while Obama wanted to hold out until 2022. 

That is Washington in a nutshell – both men wanted to postpone the pain until after they retired from office. They wanted to bask in the glory of reaching a Grand Bargain on the deficit with all the complications reserved for a future president and House speaker.

In a sense, it is budgetary arithmetic as seen through the prism of Lewis Carroll. In Through the Looking-Glass, the White Queen promised Alice jam every other day. “The rule is,” the Queen explained, “jam tomorrow and jam yesterday – but never jam today.”

Just like budget cuts and tax increases – always tomorrow and yesterday.

Read More..

Fiscal cliff notes for the budget shell game

By Walter Shapiro

It was the political equivalent of discovering more Americans were secretly watching British snooker telecasts than pro football. According to a recent national survey by the Pew Research Center, more Americans claimed to be very closely following the budget negotiations to avert the fiscal cliff than were engrossed in the soap opera that forced CIA director David Petraeus to resign.

A few possible explanations for these anomalous poll results:

1) A sex scandal involving a revered four-star general is inherently boring. 2) Americans mistakenly assume that the fiscal cliff is part of an extreme skateboarding competition, not shorthand for the looming expiration of the Bush-era tax cuts and possible across-the-board spending cuts. 3) Voters have been panicked into believing that the president and Congress must solve the country’s financial problems by the Dec. 31 or we instantly become an international basket case.

In truth, the fiscal cliff is nothing more than an arbitrary deadline created by Congress to be replaced with a dramatic flourish and, yes, another arbitrary deadline set a bit further in the future. It’s a shell game created by political con men who have come to believe their own cons.

So, relax about the over-hyped New Year’s Eve countdown for budget negotiations. Results matter, not the timetable. But even without the Petraeus-related distractions, it’s hard to separate the real from the fake, the legitimate fiscal issues from the political posturing.

So here is my version of Fiscal Cliff Notes:

Fact: All comparisons to Greece, Spain, the Roman Empire or the Duchy of Grand Fenwick are ludicrously exaggerated.

“The Road to Greece” might have been the title of a Mitt Romney campaign biopic since the former GOP presidential hopeful used the imagery so often. And during an interview Sunday with ABC’s “This Week,” South Carolina Republican Sen. Lindsey Graham used the same rhetorical excess about the American economy reduced to offering budget tours of the Acropolis.

In fact, the European fiscal crisis is far different from what the U.S. faces.

Debtor nations like Greece and Spain do not fully control their economies because they are lashed to German austerity policies through the common currency, the Euro. That means those countries do not have their own currencies to devalue, which would spur exports. Nor do they have a central bank like the U.S. Federal Reserve which would provide liquidity for their banking systems.

The United States does have long-term fiscal challenges and years of unsustainable trillion-dollar budget deficits. But our problems are largely due to the fact that we are still groping our way out of the worst economic downturn since the Great Depression. Slow but persistent economic growth (the White House projects that unemployment will not drop below 6 percent until 2017) will reduce many budgetary problems.

Global confidence in the American economy is reflected in the near record low interest rates available on 10-year and 30-year Treasury bonds. Investors around the world are willing to tie up their money for 30 years in Treasuries for the paltry interest rate of 2.8 percent.

Fact: Even if all the Bush tax cuts expire on Jan. 1, no one will instantly be paying higher income tax rates.

The Wall Street Journal ran a story the other day titled “Most Households Face Fiscal Cliff,” suggesting almost every American family would pay more if the Bush tax cuts expired. As an example, the Journal pointed to a married couple making about $25,000 a year whose annual income tax bill would leap from zero to about $1,400.

While the tax calculations are accurate, the likelihood of this happening is about on par with an asteroid destroying the Capitol. No one in government wants the Bush tax cuts to expire for anyone earning less than $250,000 a year, so a hypothetical family scraping by on $25,000 a year would not pay a penny more in income taxes under anyone’s plan.

But what if Congress misses the Dec. 31 deadline to extend the Bush tax cuts?

This is the part of the shell game. The Treasury Department has wide discretion in the pace by which it instructs employers to adjust their income-tax withholding rates. Chances are Treasury would do nothing in January to change the rates for anyone earning less than $250,000, meaning a temporary tax increase for those wage earners would be a fiscal abstraction rather than a real-world wallet pinch. And when Congress and the president cut the inevitable tax deal, the new, lower rates would be retroactive to January 1.

Make no mistake: Some people will see their taxes increase. For the past two years, most Americans have benefited from a 2 percent reduction in their payroll taxes – a cut designed to stimulate the economy in a period of high unemployment. But the payroll tax cut was always supposed to be temporary rather than a permanent rate adjustment. While nothing is certain, chances are payroll taxes will revert to their normal levels next year.

Then there is the so-called “sequester” that is supposed to slash $100 billion from the budget if lawmakers do not reach an epic Grand Bargain on the deficit. For all the alarmist talk that this will reduce the U.S. Navy to bathtub levels and shred the social safety net, the sequester is another easily disarmed fiscal booby-trap.

In fact, Congress will (shocking revelation ahead) probably extend the deadline. And even if lawmakers temporize, don’t expect to see generals and admirals on the unemployment line. The automatic cuts are evenly divided between the Pentagon budget and domestic spending for a total of about $8 billion per month and every federal agency has been preparing for these potential cuts.

Across-the-board cuts, to be sure, are a foolish way to impose budgetary discipline since there is no rational case to reduce funding for embassy security after the Benghazi raid or slash FEMA spending in the wake of Superstorm Sandy. But it is hard to believe that even a delay of a month or two will ultimately matter except at the margins.

Fact: There is no $4 trillion magic number that the president and Congress must hit to prove their long-term deficit reduction plan is credible.

Somehow $4 trillion has become the gold standard to measure deficit hawk seriousness. That was the rough number in the 2010 Simpson-Bowles deficit reduction plan and it carried over into President Obama’s abortive 2011 negotiations with Republican House Speaker John Boehner.

Throughout the 2012 presidential campaign, Obama talked about his own $4 trillion “balanced plan.” But that was partly sleight of hand: The Obama road map includes $1 trillion in savings from a 2011 congressional deal and another mythical $848 billion from the end of the Iraqi and Afghan wars. In short, his plan reflected previous agreements and military spending that had already been discontinued.

Fact: Everyone in Washington wants credit for tackling the deficit but no one wants to be blamed for causing pain.

As recounted by Bob Woodward in “The Price of Politics,” a dramatic moment in the 2011 Obama-Boehner negotiations came when the two men battled over boosting the age to qualify for Medicare. Boehner wanted the age change to take effect in 2017 while Obama wanted to hold out until 2022. 

That is Washington in a nutshell – both men wanted to postpone the pain until after they retired from office. They wanted to bask in the glory of reaching a Grand Bargain on the deficit with all the complications reserved for a future president and House speaker.

In a sense, it is budgetary arithmetic as seen through the prism of Lewis Carroll. In Through the Looking-Glass, the White Queen promised Alice jam every other day. “The rule is,” the Queen explained, “jam tomorrow and jam yesterday – but never jam today.”

Just like budget cuts and tax increases – always tomorrow and yesterday.

Read More..

UN climate talks open in Qatar












DOHA, Qatar (AP) — U.N. talks on a new climate pact resumed Monday in oil and gas-rich Qatar, where negotiators from nearly 200 countries will discuss fighting global warming and helping poor nations adapt to it.


The two-decade-old talks have not fulfilled their main purpose: reducing the greenhouse gas emissions that scientists say are warming the planet.












Attempts to create a new climate treaty failed in Copenhagen three years ago but countries agreed last year to try again, giving themselves a deadline of 2015 to adopt a new treaty.


A host of issues need to be resolved by then, including how to spread the burden of emissions cuts between rich and poor countries. That’s unlikely to be decided in the Qatari capital of Doha, where negotiators will focus on extending the Kyoto Protocol, an emissions deal for industrialized countries, and trying to raise billions of dollars to help developing countries adapt to a shifting climate.


“We all realize why we are here, why we keep coming back year and after year,” said South Africa Foreign Minister Maite Nkoana-Mashabane, who led last year’s talks in Durban, South Africa. “We owe it to our people, the global citizenry. We owe it to our children to give them a safer future than what they are currently facing.”


The U.N. process is often criticized, even ridiculed, both by climate activists who say the talks are too slow, and by those who challenge the scientific near-consensus that the global temperature rise is at least partly caused by human activity, primarily the burning of fossil fuels like coal and oil.


The concentration of greenhouse gases such as carbon dioxide has jumped 20 percent since 2000, according to a U.N. report released last week.


A recent projection by the World Bank showed temperatures are on track to increase by up to 4 degrees C (7.2 F) this century, compared with pre-industrial times, overshooting the 2-degree target that has been the goal of the U.N. talks.


Middle East News Headlines – Yahoo! News


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Rolling Stones turn back clock with hit-filled comeback












LONDON (Reuters) – The Rolling Stones turned back the clock in style on Sunday with their first concert in five years, strutting and swaggering their way through hit after familiar hit to celebrate 50 years in business.


Before a packed crowd of 20,000 at London‘s O2 Arena, they banished doubts that age may have slowed down one of the world’s greatest rock and roll bands, as lead singer Mick Jagger launched into “I Wanna Be Your Man”.












More than two hours of high-octane, blues-infused rock later, and they were still going strong with an impressive encore comprising “You Can’t Always Get What You Want” and “Jumpin’ Jack Flash”.


In between there were guest appearances from American R&B singer-songwriter Mary J. Blige, who delivered a rousing duet with Jagger on “Gimme Shelter” and guitarist Jeff Beck who provided the power chords for “I’m Going Down”.


Former Rolling Stones Bill Wyman and Mick Taylor were also back in the fold, performing with the regular quartet of Jagger, Ronnie Wood and Keith Richards on guitar and Charlie Watts on drums for the first time in 20 years.


“It took us 50 years to get from Dartford to Greenwich!” said Jagger, referring to their roots just a few miles from the venue in southeast London. “But you know, we made it. What’s even more amazing is that you’re still coming to see us…we can’t thank you enough.”


The Sunday night gig was the first of two at the O2 Arena before the band crosses the Atlantic to play three dates in the United States.


The mini-tour is the culmination of a busy few months of events, rehearsals and recordings to mark 50 years since the rockers first took to the stage at the Marquee Club on London‘s Oxford Street in July, 1962.


There has been a photo album, two new songs, a music video, a documentary film, a blitz of media appearances and a handful of warm-up gigs in Paris.


“STYLE AND PANACHE”


The reunion nearly did not happen. One factor behind the long break since their record-breaking “A Bigger Bang” tour in 2007 has been Wood’s struggle with alcohol addiction, while Jagger and Richards also fell out over comments the guitarist made about the singer in a 2010 autobiography.


But they eventually buried the hatchet, and Richards joked in a recent interview: “We can’t get divorced – we’re doing it for the kids!”


Critics were fulsome in their praise of the first comeback gig.


Keith Richards has said that the beauty of rock and roll is that every night a different band might be the world’s greatest. Well, last night at the O2 Arena, it was the turn of the Rolling Stones themselves to lay claim to the title they invented,” wrote Neil McCormick of the Daily Telegraph.


“And they did it with some style and panache.”


The big question on every fan’s lips is whether the five concerts lead to a world tour and even new material. The Stones sang their two new tracks “Doom and Gloom” and “One More Shot”, which appeared on their latest greatest hits album “GRRR!”.


Richards has hinted that the five concerts ending at the Newark Prudential Center in the United States on December 15 would not be the last.


“Once the juggernaut starts rolling, it ain’t gonna stop,” he told Rolling Stone magazine. “So without sort of saying definitely yes – yeah. We ain’t doing all this for four gigs!”


The band has come in for criticism from fans about the high price of tickets to the shows – they ranged from around 95 pounds ($ 150) to up to 950 pounds for a VIP seat.


The flamboyant veterans, whose average age is 68, have defended the costs, saying the shows were expensive to put on, although specialist music publication Billboard reported the band would earn $ 25 million from the four shows initially announced. A fifth was added later.


“Everybody all right there in the cheap seats,” Jagger asked pointedly as he looked high to his left at the arena. “They’re not really cheap though are they? That’s the trouble.”


Among the biggest cheers on the night were for classics including “Wild Horses”, “It’s Only Rock and Roll” and “Start Me Up”.


There was even time for the odd reference to their advancing years.


“Good to see you all,” said Richards with a mischievous grin. “Good to see anybody.”


(Reporting by Mike Collett-White, editing by Paul Casciato)


Music News Headlines – Yahoo! News


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Leyes no reducen la sobreutilización de costosas terapias del cáncer prostático












NUEVA YORK, 26 nov (Reuters Health) – Dos estudios coinciden


en que las leyes para prevenir el uso excesivo de servicios de












salud no impiden que los médicos sigan indicando terapias


costosas para el cáncer de próstata.


Los autores hallaron que los médicos utilizaban cirugías


robóticas y radioterapias especiales para tratar la enfermedad,


sin importar si en la región existían leyes que exigen una


autorización oficial previa para el uso de instalaciones y


nuevos equipos médicos.


“Las leyes de certificación de necesidad se diseñaron para


alinear la demanda pública con el uso de distintos servicios”,


dijo el doctor Bruce Jacobs, autor principal de uno de los


estudios, de University of Michigan, Ann Arbor.


El gobierno de Estados Unidos impulsó que los estados


implementaran las leyes en los 70 y los 80, pero dejó de hacerlo


un par de décadas después. Aun así, algunos estados siguen


utilizándolas para controlar los costos.


En cada estudio, los autores analizaron tratamientos del cáncer


de próstata, que es el más común en los varones estadounidenses.


La Sociedad Estadounidense del Cáncer estima que a uno de cada


seis hombres se le diagnosticará cáncer prostático, pero que la


mayoría no morirá por esa causa. Estudios previos habían


mostrado que este cáncer es de lento crecimiento y que la


mayoría de los pacientes se puede controlar con espera vigilada.


El equipo de Jacobs revisó si en los estados con normas


estrictas (los que exigen aprobación hasta para el uso de


equipos de bajo costo) se utilizaban menos cirugías robóticas


para extirpar la próstata que en los estados con leyes no tan


estrictas o sin leyes.


En The Journal of Urology, los autores escriben que tanto el


costo de esos robots como si la cirugía robótica supera o no a


la cirugía tradicional para extirpar la próstata deberían ser


“la meta ideal” de revisión donde se aplican esas leyes.


En septiembre, por ejemplo, uno de los estudios que había


cuestionado la utilidad de la cirugía robótica demostró que los


hombres operados con la técnica robótica tuvieron pocas


complicaciones, pero puso en tela de juicio la conveniencia de


sus efectos en el largo plazo y su costo.


Pero otro estudio más reciente mostró que la cirugía robótica


reducía las complicaciones, las reinternaciones y las muertes


por causas quirúrgicas que los métodos tradicionales, según


informó Intuitive Surgical, el fabricante del sistema quirúrgico


da Vinci.


“Eso es importante para el paciente y para reducir el gasto del


sistema de salud”, indicó por e-mail Angela Wonson, vocera de


Intuitive Surgical.


En el nuevo estudio, los autores hallaron un aumento del uso


de la cirugía robótica para extirparle la próstata a un grupo de


beneficiarios de Medicare, independientemente de si el estado


contaba con leyes estrictas, más blandas o ninguna ley. Además,


la posibilidad de que un cirujano utilizara robots no tenía


relación alguna con la vigencia de las normas.


Un segundo estudio, a cargo del doctor Ganesh Palapattu, jefe


de oncología urológica de University of Michigan, analizó si las


leyes limitaban el uso de la radioterapia de intensidad modulada


o IMRT, por su sigla en inglés, o si controlaba el aumento de


los costos de atención del cáncer prostático (la IMRT permite


que los médicos orienten la radiación al tumor sin dañar el


tejido sano que lo rodea).


El equipo escribe que la IMRT es costosa y que, hasta ahora, no


habría sido comparada con otros tratamientos del cáncer de


próstata en un estudio aleatorizado, que es el diseño de


preferencia en la investigación clínica.


Al comparar el costo de tratar a una persona con cáncer


prostático en los estados con leyes y los estados sin leyes, el


equipo observó que las leyes no parecían influir en el control


de los costos de los tratamientos.


Palapattu opinó que es tiempo de reevaluar las leyes.


FUENTE: The Journal of Urology, online 19 de noviembre del


2012.


Seniors/Aging News Headlines – Yahoo! News


Read More..

Nokia unveils 2 new cellphone models, priced at $62












HELSINKI (Reuters) – Struggling Finnish cellphone maker Nokia unveiled on Monday two new cellphone models, the Asha 205 and the Asha 206, pricing both models at around $ 62, excluding subsidies and taxes.


Both models will go on sale this quarter.












Nokia unveiled a new Slam feature which allows consumers to share multimedia content like photos and videos with nearby friends almost instantly through Bluetooth connection.


(Reporting By Tarmo Virki)


Tech News Headlines – Yahoo! News


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Israel successfully tests missile defense system












JERUSALEM (AP) — Israel successfully tested its newest missile defense system Sunday, the military said, a step toward making the third leg of what Israel calls its “multilayer missile defense” operational.


The “David’s Sling” system is designed to stop mid-range missiles. It successfully passed its test, shooting down its first missile in a drill Sunday in southern Israel, the military said.












The system is designed to intercept projectiles with ranges of up to 300 kilometers (180 miles).


Israel has also deployed Arrow systems for longer-range threats from Iran. The Iron Dome protects against short-range rockets fired by militants in the Gaza Strip and Hezbollah guerrillas in Lebanon. Iron Dome shot down hundreds of rockets from Gaza in this month’s round of fighting.


Israeli Defense Minister Ehud Barak said the success of Iron Dome highlighted the “immense importance” of such systems.


“David’s Sling,” also known “Magic Wand,” is developed by Israel’s Rafael Advanced Defense Systems and U.S.-based Raytheon Co. and is primarily designed to counter the large arsenal of Hezbollah rockets in Lebanon.


The military said the program, which is on schedule for deployment in 2014, would “provide an additional layer of defense against ballistic missiles.”


The next generation of the Arrow, now in the development stage, is set to be deployed in 2016. Called the Arrow 3, it is designed to strike its target outside the atmosphere, intercepting missiles closer to their launch sites. Together, the two Arrow systems would provide two chances to strike down incoming missiles.


Israel also uses U.S.-made Patriot missile defense batteries against mid-range missiles, though these failed to hit any of the 39 Scud missiles fired at Israel from Iraq In the first Gulf War 20 years ago. Manufacturers say the Patriot system has been improved since then.


Middle East News Headlines – Yahoo! News


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