Tuesday, January 31, 2012

Obama plays up auto industry success story

President Barack Obama sits inside a Ford Mustang Shelby GT500 during his visit to the Washington Auto Show at the Washington Convention Center in Washington, Tuesday, Jan., 31, 2012. (AP Photo/Pablo Martinez Monsivais)

President Barack Obama sits inside a Ford Mustang Shelby GT500 during his visit to the Washington Auto Show at the Washington Convention Center in Washington, Tuesday, Jan., 31, 2012. (AP Photo/Pablo Martinez Monsivais)

President Barack Obama sits inside a Ford Mustang Shelby GT500 during his visit to the Washington Auto Show at the Washington Convention Center in Washington, Tuesday, Jan., 31, 2012. At right is Gerard Murphy, president of the Washington Area New Automobile Dealers Association. (AP Photo/Pablo Martinez Monsivais)

(AP) ? President Barack Obama hailed the rebound of the U.S. auto industry on Tuesday, trumpeting an economic story he hopes to use to his political advantage in key Rust Belt states such as Michigan and Ohio. In a not-so-veiled shot at Republican presidential front-runner Mitt Romney, Obama said it was worth remembering that there were some leaders "willing to let this industry die."

Obama sat inside shiny new plug-in electric hybrids and burly trucks during a quick tour of the Washington Auto Show, declaring, "The U.S. auto industry is back." Obama emphasized his administration's rescue of General Motors and Chrysler from the brink of collapse as Romney was surging in Florida's GOP primary, a contest that could bring him a step closer to winning the Republican nomination.

The president did not mention Romney by name, but told reporters it was "good to remember the fact that there were some folks who were willing to let this industry die. Because of folks coming together we are now back at a place where we can compete with any car company in the world."

Romney spokeswoman Andrea Saul said the former Massachusetts governor was "thrilled" to see the companies' success but said it was "unfortunate that the government first attempted a bailout, which was precisely as unsuccessful as he predicted, cost taxpayers billions, and left the government improperly entangled in the private sector."

For Obama, the auto bailout has been a case study for his efforts to revive the economy and a potential point of contrast with Romney, who opposed Obama's decision to pour billions of dollars into the auto companies. The president's campaign views the auto storyline as a potent argument against Romney, the son of a Detroit auto executive who later served as Michigan governor.

Indeed, the auto show tour was just another example of the White House taking every opportunity to highlight its efforts to rebuild the auto industry, with aides frequently pointing to GM's reemergence as the world's largest automaker and job growth and profitability in the U.S. auto industry.

"The fact that GM is back, number one, I think shows the kind of turnaround that's possible when it comes to American manufacturing," Obama said.

As the industry was collapsing in the fall of 2008, Romney predicted in a New York Times op-ed that if the companies received a federal bailout, "you can kiss the American automotive industry goodbye." Romney said the companies should have undergone a "managed bankruptcy" that would have avoided a government bailout.

"Whether it was by President Bush or by President Obama, it was the wrong way to go," Romney said at a GOP presidential debate in Michigan in November. Romney said the nation has "capital markets and bankruptcy ? it works in the U.S. The idea of billions of dollars being wasted initially, then finally they adopted the managed bankruptcy. I was among others that said we ought to do that."

Both the Bush and Obama administrations found themselves in uncharted territory in the fall of 2008 and early 2009. GM and Chrysler were on the verge of collapse when Congress failed to approve emergency loans in late 2008. Bush stepped in and signed off on $17.4 billion in loans, requiring the companies to develop restructuring plans under Obama's watch.

The following spring, Obama pumped billions more into GM and Chrysler but forced concessions from industry stakeholders, enabling the companies to go through swift bankruptcies. Obama aides said billions in aid ? about $85 billion for the industry in total ? was necessary because capital markets were essentially frozen at the time, meaning there was no way for GM and Chrysler to fund their bankruptcies privately.

Without any private financing or government support, they argued, the companies would have been forced to liquidate.

Obama has tried to turn the tough decision into a political advantage in Ohio and Michigan, which Obama carried in 2008 and where unemployment has fallen of late. During last week's State of the Union address, Obama said the auto industry had hired tens of thousands of workers, and he predicted the Detroit turnaround could take root elsewhere.

Yet Obama's poll numbers in places like Ohio and Michigan remain in dangerous territory, under 50 percent, and the auto industry argument carries some inherent risks.

A Quinnipiac University poll in Ohio released Jan. 18 found Obama locked in a virtual tie with Romney in a hypothetical matchup, with about half the voters disapproving of Obama's performance as president. A poll in Michigan released last week by Lansing-based EPIC-MRA found 48 percent supporting Obama and 40 percent backing Romney in a potential matchup.

Republicans say the bailout still remains unpopular and the government intervention was hardly a cure-all. "The industry was bailed out but a lot of people lost their jobs," said David Doyle, a Michigan-based Republican strategist.

In a nation still soured on bailouts, the government owns more than a quarter of GM. The Treasury Department estimates the government will lose more than $23 billion on the auto bailout: GM is trading at $24 a share, well below the $53-per-share mark needed for the government to recoup its investment in the company.

Romney, facing attacks from Democrats on his work at private equity firm Bain Capital, has tried to use the GM and Chrysler cases to insulate himself against charges his firm gutted companies and fired workers. "How did you do when you were running General Motors as the president?" Romney said in a December debate. "Gee, you closed down factories. You closed down dealerships. And he'll say, well I did that to save the business. Same thing with us, Mr. President."

Obama, Vice President Joe Biden and others say the decision, while unpopular, saved an estimated 1 million jobs throughout the Midwest and say the industry is coming back.

As a result of the restructuring, the companies can make money at far lower U.S. sales volumes than in the past. Industry analysts predict U.S. sales will grow by at least 1 million this year over last year's 12.8 million units as people replace aging cars and trucks. And North American operations at GM, Chrysler and Ford are thriving, boosting their companies' earnings ? all signs that Democrats say will make the difference in the Midwest.

"I don't know how any reasonable person can fail to acknowledge that this rescue plan worked and the country has benefited," said former Ohio Gov. Ted Strickland, a Democrat.

___

AP Auto Writer Tom Krisher in Detroit contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2012-01-31-Obama-Autos/id-f133a1bb1d6940f9b759b14116f7ee2a

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Streep's Thatcher, Williams' Monroe star at SAG (omg!)

Actress Regina King, second left, poses with workers as they roll out the red carpet and setup for the SAG Awards at the Shrine Auditorium in Los Angeles on Saturday, Jan. 28, 2012. (AP Photo/Jason Redmond)

LOS ANGELES (AP) ? What a cast the Screen Actors Guild Awards have lined up: Marilyn Monroe, Laurence Olivier, Margaret Thatcher and J. Edgar Hoover.

Actors playing illustrious real-life figures factor into the 18th annual honors given by Hollywood's main acting union Sunday.

The best-actress category features Meryl Streep as Thatcher in "The Iron Lady" and Michelle Williams as Monroe in "My Week with Marilyn." Leonardo DiCaprio is up for best actor as FBI boss in "J. Edgar," while "My Week with Marilyn" co-stars supporting-actor nominee Kenneth Branagh as Olivier.

Streep won a Golden Globe for "The Iron Lady" and is considered a favorite for the SAG prize and for her third win at the Academy Awards, which are set for Feb. 26.

The front-runners for the other SAG awards are actors in fictional roles, though, among them George Clooney as a dad in crisis in "The Descendants" and Jean Dujardin as a silent-film star fallen on hard times in "The Artist." Both are up for best actor, and both won Globes ? Clooney as dramatic actor, Dujardin as musical or comedy actor.

Octavia Spencer as a brassy Mississippi maid in "The Help" and Christopher Plummer as an elderly dad who comes out as gay in "Beginners" won Globes for supporting performances and have strong prospects for the same honors at the SAG Awards.

The winners at the SAG ceremony typically go on to earn Oscars. All four acting recipients at SAG last year later took home Oscars ? Colin Firth for "The King's Speech," Natalie Portman for "Black Swan" and Christian Bale and Melissa Leo for "The Fighter."

The same generally holds true for the weekend's other big Hollywood honors, the Directors Guild of America Awards, where Michel Hazanavicius won the feature-film prize Saturday for "The Artist." The Directors Guild winner has gone on to earn the best-director Oscar 57 times in the 63-year history of the union's awards show.

SAG also presents an award for overall cast performance, a prize that's loosely considered the ceremony's equivalent of a best-picture honor. However, the cast award has a spotty record at predicting what will win best picture at the Oscars.

While "The King's Speech" won both honors a year ago, the SAG cast recipient has gone on to claim the top Oscar only eight times in the 16 years since the guild added the category.

The SAG ceremony also includes an award for stunt ensemble, whose nominees include such hits as "Harry Potter and the Deathly Hallows: Part 2," ''Transformers: Dark of the Moon" and "X-Men: First Class."

Airing live on TNT and TBS, the show features nine television categories, as well.

Receiving the guild's life-achievement award is Mary Tyler Moore. The prize will be presented by Dick Van Dyke, her co-star on the 1960s sit-com "The Dick Van Dyke Show."

___

Online:

http://www.sagawards.com

A worker sweeps the stage as setup for the SAG Awards is under way at the Shrine Auditorium in Los Angeles on Saturday, Jan. 28, 2012. (AP Photo/Jason Redmond)

Source: http://us.rd.yahoo.com/dailynews/rss/entertainment/*http%3A//us.rd.yahoo.com/dailynews/external/omg_rss/rss_omg_en/news_streeps_thatcher_williams_monroe_star_sag151706090/44345335/*http%3A//omg.yahoo.com/news/streeps-thatcher-williams-monroe-star-sag-151706090.html

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Monday, January 30, 2012

U.S.A.! We're No. 1! Er ... rather, we used to be No. 1?

Americans are used to the U.S. being the leader, or a top-ranked nation, in many areas. But in a number of industries and businesses, the U.S. has lost that first place, usually to China. While some, such as coal production, may not come as a surprise, other industries the U.S. has lost the market leadership might. 24/7 Wall St. looked at a large number of manufacturing, agricultural and financial businesses to find those in which China has surpassed the U.S.

For several years, economists have said that China?s GDP growth indicates that its economy will pass that of the U.S. in the next two or three decades. China?s GDP is measured at about $6.5 trillion, now second in the world. America?s GDP is over $15.2 trillion, according to the International Monetary Fund. While China certainly has much catching up to do, the two countries? rate of GDP growth is also very different. Last year, China?s economy expanded at more than 9 percent. America?s GDP grew at a little better than 2 percent.

One reason that China continues to gain so rapidly on the U.S. is the high cost of American labor and manufacturing. In fact, U.S. manufacturing costs have risen so much that they are much higher than in any developed nation with factory capacity. This includes countries like China, Mexico and South Korea ? places the U.S. and Japanese companies often contract to do their factory work. The labor price advantage has helped China become the largest steel producer in the world. China is also first place in car manufacturing.

24/7 Wall St.: The most popular U.S. companies in China

Low labor costs are not the sole reason China has become the single largest provider of many goods. China?s 1.3 trillion citizens have become voracious consumers as workers in its manufacturing sector have grown the number of its middle class. China also has decided that it is often financially better to provide its own raw material for its factories? items like cotton ? than it is to import such items from overseas.

24/7 Wall St. examined the manufacturing, agricultural and financial businesses in which China has surpassed the U.S. China likely will become the world?s largest economy based on GDP. It certainly has shown that it has the capacity to advance on that position ? one large industry at a time.

1. Steel

  • China production: 627 million metric tons in 2010
  • U.S. production: 80 million metric tons in 2010
  • U.S. position: 3rd

In 1973, the U.S. was the largest producer of steel, making more than 136 million metric tons of crude steel, according to the International Iron and Steel Institute. Up to that point, the U.S. had enjoyed many decades of industry dominance, centered around the city of Pittsburgh. The following year, U.S. production was overtaken by the USSR, which produced 136.2 million metric tons, compared with the U.S.?s 132.2 million. Today, however, completely different players dominate the steel market. In 2010, the world?s top producer of crude steel was China, which produced approximately 627 million metric tons. Japan was a distant second-largest producer with nearly 110 million metric tons. The U.S. was third, producing approximately 80 million.

2. Cotton

  • China production: 7.3 million metric tons in 2011
  • U.S. production: 3.4 million metric tons in 2011
  • U.S. position: 3rd

In 2000, the U.S. produced 4.2 million metric tons of cotton ? the largest amount in the world. China was not far behind, producing 3.81 million metric tons. By 2008, however, China had not only surpassed the U.S., but made nearly double the U.S.?s production amount. China produced approximately 8.1 million metric tons to the U.S.?s 4.2 million. A year earlier, the U.S. lost its second spot among top cotton producers to India, thanks in part to technological breakthroughs in seed and production practices. Between 2011 and 2012, China produced 7.3 million metric tons, India produced 6 million and the U.S. was third, producing 3.4 million.

24/7 Wall St.: The 10 most-hated companies in America

3. Initial Public Offerings

  • China production: $73 billion raised in 2011
  • U.S. production: $30.7 billion raised in 2011
  • U.S. position: 2nd

Even in the world of finance the U.S. is losing its dominance to China. According to the National Bureau of Economic Research, ?the yearly average of U.S. IPOs has decreased from 27 percent (global share) in the 1990s to 12 percent in the 2000s.? And as the U.S.?s share of IPO proceeds decreased, China?s share increased. It is now the world leader in IPOs. In 2011, companies raised a total of $73 billion through IPOs in the Shanghai, Shenzhen and Hong Kong stock markets. This is nearly double the amount raised in New York Stock Exchange and NASDAQ, according to Dealogic. The last time the U.S. raised the most in IPO funds globally was 2008.

4. Tobacco

  • China production: 3 million metric tons in 2010
  • U.S. production: 0.33 million metric tons in 2010
  • U.S. position: 4th

Until 1976, the U.S. produced the largest share of the world?s tobacco. Today, the U.S. only produces 6 percent of the global output, according to Stephan Richter, editor-in-chief of The Globalist, in an interview by Marketplace. The most recent data from the Food and Agriculture Organization of the United Nations places the U.S. as the fourth-largest producer of tobacco in the world. China is the largest, producing more than 3 million metric tons of the crop in 2010. The U.S. produced slightly more than 326,000 metric tons that year. The other larger producers are Brazil and India, in that order.

24/7 Wall St.: The best- and worst-run companies in the U.S.

5. Autos

  • China production: 18.3 million autos in 2010
  • U.S. production: 7.8 million autos in 2010
  • U.S. position: 3rd

Automotive manufacturing is considered one of the U.S.?s most critical industries. But in recent years, other countries have surpassed the U.S., which is now the third-largest producer of autos in the world, according to the International Organization of Motor Vehicle Manufacturers. The American auto industry nearly collapsed in 2008, requiring massive federal support for General Motors and Chrysler. By 2010, the U.S. manufactured 7.8 million cars and commercial vehicles. Japan, which is headquarters to major brands such as Toyota, Honda, Nissan, and Mazda, produced 9.6 million vehicles ? the second most ? although damage caused by the earthquake has hurt production in the country. China is the world?s largest carmaker, producing 18.3 million in 2010.

6. Beer Production

  • China production: 443.8 million hectoliters in 2010
  • U.S. production: 227.8 million hectoliters in 2010
  • U.S. position: 2nd

The U.S. lost its top position even in beer production. In 2000, the U.S. beer industry was the greatest in the world, producing 232 million hectoliters, compared with China?s 220 million. One decade later, and China is in first place, generating 443.8 million hectoliters of beer, versus the U.S.?s 227.8 million. Not only does China have a population that is more than four times that of the U.S., but beer consumption in the country has increased dramatically in recent years. According to the World Health Organization, the average Chinese citizen drank about half a bottle of beer in 1961. By 2007, that amount had increased to 103 beers per year.

24/7 Wall St.: States losing the most jobs to China

7. High-Technology Exports

  • China production: $348 billion in 2009
  • U.S. production: $142 billion in 2009
  • U.S. position: 2nd

High-technology exports are defined as ?products with high R&D intensity, such as in aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery,? according to the World Bank. The U.S. remains home to the largest pharmaceutical industry in the world, and the rest of industries mentioned are also huge domestically. According to the World Bank, China began earning more from high-technology exports than the U.S. as recently as 2005. In 2009, Chinese high-technology exports were worth $348 billion. High-technology exports from the U.S. were worth a more modest $142 billion.

8. Coal Production

  • China production: 3.24 billion short tons produced in 2010
  • U.S. production: 985 million tons produced in 2010
  • U.S. position: 2nd

America led the world in coal production up until 1984, and it is now a distant second to China. According to the BP Statistical Review of World Energy, the U.S. produced just under 1 billion tons of coal in 2010. China produced more than three times that amount, generating 3.2 billion short tons. There has been exponential growth in the Chinese energy infrastructure in the past decade. Since 2005, American coal production has decreased slightly, while Chinese production has increased by nearly 38 percent. Despite the U.S.?s decline in coal production, it is still the world?s second-largest producer, and combined, the two countries account for more than half of the world?s total coal production.

Copyright ? 2012 24/7 Wall St. Republished with permission.

Source: http://www.msnbc.msn.com/id/46181723/ns/business-world_business/

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Sunday, January 29, 2012

No crowing from Donovan after win against Dempsey

Everton's Landon Donovan, left, shakes hands with Fulham's Clint Dempsey before their FA Cup fourth round soccer match at Goodison Park, Liverpool, England, Friday Jan. 27, 2012. (AP Photo/Tim Hales)

Everton's Landon Donovan, left, shakes hands with Fulham's Clint Dempsey before their FA Cup fourth round soccer match at Goodison Park, Liverpool, England, Friday Jan. 27, 2012. (AP Photo/Tim Hales)

Everton's Landon Donovan, left, shakes hands with Fulham's Clint Dempsey before their FA Cup fourth round soccer match at Goodison Park, Liverpool, England, Friday Jan. 27, 2012. (AP Photo/Tim Hales)

Everton's Landon Donovan vies for the ball against Fulham's Bryan Ruiz, left, during their FA Cup fourth round soccer match at Goodison Park, Liverpool, England, Friday Jan. 27, 2012. (AP Photo/Tim Hales)

Everton's Landon Donovan, right, vies for the ball against Fulham's Clint Dempsey during their FA Cup fourth round soccer match at Goodison Park, Liverpool, England, Friday Jan. 27, 2012. (AP Photo/Tim Hales)

(AP) ? There was no crowing from Landon Donovan after he led his Everton side to victory over Clint Dempsey's Fulham in England's FA Cup.

After all, the U.S. teammates will be on the same side again soon enough.

Donovan set up both Everton's goals in Friday night's 2-1 win and United States international Tim Howard was in goal for Everton.

The former New England Revolution forward has scored 15 goals for Fulham since August, including a hat trick earlier this month in a 5-2 win over Newcastle.

"It was a little bit of an American invasion. It was nice to see Clint. In my opinion, he's been one of the players of the season in the Premier League and obviously Timmy here is nice to have."

Fulham took an early 1-0 lead against Everton when Danny Murphy converted a 14th-minute penalty.

But Donovan, in the sixth game of his second loan spell from Major League Soccer's Los Angeles Galaxy, set up a 27th-minute equalizer for Denis Stracqualursi and then provided the assist for Marouane Fellaini's 73rd-minute winner.

It was a rare bright spot for Everton this season, which is in the bottom half of the Premier League, closer to the relegation zone than to England's last qualifying spot for European tournaments.

"Realistically, unless we go on some kind of amazing run, it's going to be difficult for us to finish in the top six and qualify for Europe so this is our last chance to win something," Donovan said. "It means a lot to the guys."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2012-01-28-SOC-Everton-Donovan/id-f5592c7cc7334c86918e623cc5dfad19

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Security chief during Mexico's 'dirty war' dies (AP)

MEXICO CITY ? Miguel Nazar Haro, who led Mexico's domestic spy agency and was accused of being behind the disappearances of alleged leftist guerrillas in the 1970s, has died at age 87.

His son, Jose Luis Nassar Daw, confirmed on Friday that Nazar Haro died late Thursday but didn't release a cause of death.

Nazar Haro headed Mexico's now-dissolved Federal Security Directorate from 1978 to 1982 at the height of the government's "dirty war" against leftist insurgents.

He was arrested in 2004 and put under house arrest on charges stemming from the disappearances of six farmers who were alleged members of a group called the Brigada Campesina de los Lacandones, an armed group that the government linked to at least one kidnapping.

A judge dismissed all charges against Nazar Haro in 2006.

The ruling was a setback for special prosecutor Ignacio Carrillo, who had been named by then President Vicente Fox to shed light on wrongful imprisonment, torture, forced disappearances and slayings of hundreds of radical leftists and farm and union leaders during the 1960s, '70s and '80s.

The most brutal phase of the "dirty war" was President Luis Echeverria's administration from 1970 to 1976, when the government implemented a plan to get rid of guerrillas blamed for a series of kidnappings and attacks on soldiers.

During all the years of the conflict, Mexico's presidency was controlled by the Institutional Revolutionary Party, or PRI, which moved to crush small bands of guerrillas seeking its overthrow. The PRI held the presidency for 71 years without interruption before losing the 2000 election to Fox, the candidate of the conservative National Action Party.

Source: http://us.rd.yahoo.com/dailynews/rss/latam/*http%3A//news.yahoo.com/s/ap/20120128/ap_on_re_la_am_ca/lt_mexico_obit_nazar_haro

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Friday, January 27, 2012

hello hello!

thought i would introduce myself, username is silvarak. you may call me silvey for short! I have been roleplaying since i was 14 that's about 5 years! so i have some experience under my belt. ^.=.^ i enjoy almost any kind of roleplay as long as it keeps me interested! like fantasy sci-fi or canon based(like dragonball z or megamind etc etc). also story driven!.
let the pouncing begin!( and i don't mean that in the left field either XD)

Source: http://feedproxy.google.com/~r/RolePlayGateway/~3/fNI6dWHzpho/viewtopic.php

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Israeli film industry is a surprising powerhouse (omg!)

FILE - In this Jan. 24, 2012 file photo from right: Israeli film director Joseph Cedar, actor Shlomo Bar Aba, and producer Moshe Edry stand together during a press conference after the film "Footnote", a mordant tale of rivalry between father-son Talmudic scholars was nominated in the Academy Awards' best foreign-language film category, in Tel Aviv, Israel.The budgets are bare-bones and the talent pool is limited, but little Israel has emerged as a surprising powerhouse in the foreign film industry. The Israeli film "Footnote," up for an Academy Award for Best Foreign Language Film this year, is Israel's fourth such nomination in the past five years _ crowning Israel in that five-year period with more nominations than any other country.(AP Photo/Dan Balilty, Files)

JERUSALEM (AP) ? The budgets are bare-bones and the talent pool is limited, but Israel has emerged as a surprising powerhouse in the foreign film industry.

The Israeli film "Footnote," up for an Academy Award for Best Foreign Language Film this year, is Israel's fourth such nomination in the past five years, giving Israel more nominations during that period than any other country.

It's an indication to the renaissance of Israeli cinema, which has grown from a fledgling industry with poor cinematography and low box office sales to a darling of world film festivals. That's in spite ? or perhaps because ? of the country's troubled international reputation, due to its lengthy conflict with the Arab world.

The last three Israeli films that made it to the Oscar shortlist all mine the country's troubles with its Arab neighbors. "Beaufort," nominated in 2008, and "Waltz with Bashir," nominated a year after, both explored Israeli soldiers' experiences in Lebanon. "Ajami," the 2010 nominee, centers on Arab-Jewish tensions in a violence-ridden neighborhood near Tel Aviv.

This year's nomination went to an Israeli film featuring a more internal conflict ? two professors of Talmud, a father and son, dueling for academic prestige and a coveted national prize.

"It's a badge of honor for Israel," said Moshe Edery, producer of "Footnote," at a news conference after the Oscar nomination. "It's Israel's best business card around the world, especially these days."

Israeli cinema was long an embarrassment. Cheap comic melodramas were the norm in the 1960s and 1970s. Called "bourekas films" ? the Israeli equivalent of spaghetti Westerns ? they dealt with ethnic stereotypes of European and Middle Eastern Jews.

Sick of those tired tropes, a group of Israeli moviemakers created an Israeli national movie fund in 1979, hopefully named the "Israeli Fund to Encourage Quality Films."

With meager funding from studios and other private entities, filmmakers rely on public funds. But even with help from the new fund, the industry still floundered for two decades.

In 1995, the government cut public funding for cinema in half, leaving enough money to produce only five films a year. Three years later the industry hit an all-time low: Only 0.3 percent of Israeli moviegoers bought tickets to Hebrew-language cinema.

The national film body took on a new name, the Israel Film Fund, and in 2000 it begged Israel's parliament to save Israeli cinema. It did, boosting the budget to $10 million a year for investment in feature films, mandating that young filmmakers get a chance to make themselves known.

It's what gave Joseph Cedar, the Israeli director of the Oscar-nominated films "Footnote" and "Beaufort," his first big break fresh out of film school: The Israel Film Fund supported his first feature, "Time of Favor," which debuted in 2000.

"We didn't know him, but he had enthusiasm. There was something about his passion," said Katriel Schory, executive director of the national fund. "We took a chance."

In the past, "cinema funds would not support a filmmaker's first feature," said Renen Schorr, founder and director of the Sam Spiegel Film & Television School in Jerusalem. "Today, Israel wants young people to make their first films."

The boost in public funding has dovetailed with investments in Israeli cinema by European and Canadian producers, totaling about $15 million and increasing the number of films Israel puts out annually to nearly 20, according to the Film Fund.

Israel's television industry has also blossomed in recent years. After cable channels and a commercial TV station broke the monopoly and monotony of a lone state-run channel in the early 90s, there was a sudden need for new TV content, spurring competition and creativity among local screenwriters.

Now Hollywood TV executives are taking notice, adapting Israeli shows for American audiences. Showtime's hit thriller "Homeland" is adapted from the Israeli drama "Prisoners of War," the NBC game show "Who's Still Standing" originated in Israel, and other Israeli adaptations are currently in development for American TV.

Despite the surge in budgets, funding is a fraction of public money available for filmmakers in European countries.

While Israel has scored some Academy Award nominations in recent years, it hasn't won. None of the 10 Israeli films that made the best foreign language film shortlist over the years has won the big prize.

Now the focus is on Cedar, director of "Footnote," but he told reporters that the coveted Oscar isn't the only measure of success for a filmmaker.

That is exactly the lesson that his Oscar-nominated film imparts, he said.

"'Footnote' deals with the question of what happens when, while you're living your daily life, a prize is offered, which really takes over your moral reasoning and changes your perspective and sometimes completely destroys your perspective," Cedar said, summarizing the main plot line of his movie.

___

Follow Daniel Estrin: www.twitter.com/danielestrin

Source: http://us.rd.yahoo.com/dailynews/rss/entertainment/*http%3A//us.rd.yahoo.com/dailynews/external/omg_rss/rss_omg_en/news_israeli_film_industry_surprising_powerhouse064723204/44323369/*http%3A//omg.yahoo.com/news/israeli-film-industry-surprising-powerhouse-064723204.html

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Thursday, January 26, 2012

NFL extends Goodell's contract through 2018 season

FILE - In this Dec. 14, 2011 file photo, NFL Commissioner Roger Goodell smiles during a new conference after the NFL owners meeting in Irving, Texas. Goodell has had his contract extended through the 2018 season. (AP Photo/LM Otero, File)

FILE - In this Dec. 14, 2011 file photo, NFL Commissioner Roger Goodell smiles during a new conference after the NFL owners meeting in Irving, Texas. Goodell has had his contract extended through the 2018 season. (AP Photo/LM Otero, File)

(AP) ? Now that the NFL has labor peace for the next decade, Commissioner Roger Goodell has job security through the 2018 season.

Not only did Goodell get through one of the league's most contentious and troubling periods ? a 4 ?-month lockout of the players ? but he oversaw a highly successful season once a 10-year collective bargaining agreement was reached. On Wednesday, he reaped some rewards himself with a contract extension through March 2019.

"It is the only place I have ever wanted to work," Goodell said after the league's compensation committee approved the extension.

The 52-year-old Goodell took over for Paul Tagliabue in 2006. His original five-year contract was extended in 2009. He earned about $10 million, including bonuses, under that contract. During the lockout, he had a $1 salary.

No terms were disclosed for the new contract.

"I am grateful for the contributions and counsel of NFL owners in managing our league, the talented staff that supports us, and the players and coaches that perform their magic on the field. It is truly a team effort," Goodell said. "I am eagerly looking ahead to the challenge of building on our momentum and doing all we can to improve our game for the fans and everyone that is part of our league."

In 2011, he negotiated long-term contract extensions of the NFL's television contracts. The nine-year agreements with CBS, Fox, and NBC are the longest for the league and could net as much as $3.1 billion in 2022.

Twenty-three of the top 25 rated TV programs during the football season were NFL games.

Goodell has made player safety and discipline his main focal points, and the league has ramped up fines and even suspensions for illegal hits. He also has been criticized for how the league dealt with retired players and with post-career health issues such as brain trauma; both issues have become priorities for Goodell and the league in recent years.

"I speak on behalf of 32 NFL club owners in saying we are fortunate to have Roger Goodell as our commissioner," said Atlanta Falcons owner Arthur Blank, chairman of the compensation committee, which also includes owners Tom Benson (New Orleans), Pat Bowlen (Denver), Robert Kraft (New England), Jerry Richardson (Carolina), and Steve Ross (Miami). "Since becoming commissioner in 2006, the NFL - already the leader in professional sports - has gotten even stronger.

"As evidenced by this contract extension, we have great confidence in Roger's vision and leadership of the NFL. Our clubs, players and fans could not ask for a better CEO."

The Sports Business Journal first reported the extension.

Goodell began his career in pro football as an intern at the NFL office in 1982, then worked in the public relations department of the Jets in 1983. He returned to the league office in 1984 in the public relations department, and at one point was in charge of handing out media credentials for postseason games.

Goodell worked his way through the ranks and was appointed executive vice president and chief operating officer by Tagliabue in 2001. He oversaw the league's football operations and officiating departments, and supervised all league business functions.

When Tagliabue retired in 2006, Goodell beat out a handful of other candidates for the job.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2012-01-25-Goodell-Contract/id-ad58591861bd4cdaabc0e81638fb53f8

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Wednesday, January 25, 2012

[OOC] The hunters are the hunted!

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This topic is an Out Of Character part of the roleplay, ?The Hunters are the Hunted!?. Anything posted here will also show up there.

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Fire Damages Stowe Township Business ? CBS Pittsburgh

STOWE TOWNSHIP (KDKA) ? Fire heavily damaged a business in Stowe Township overnight and crews had to take extra precautions because of chemicals inside the facility.

The fire broke out around 11:30 p.m. at Standard Forged Products on Nichol Avenue.

Firefighters had to use foam while battling the blaze because of the chemicals involved; but they managed to get the flames under control quickly.

Although workers were inside the building when the fire started, everyone made it out safely.

The cause of the fire is now under investigation.

RELATED STORIES/LINKS:
Local News
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Source: http://pittsburgh.cbslocal.com/2012/01/23/fire-damages-stowe-township-business/

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Tuesday, January 24, 2012

Romney paid $3M in federal income tax in 2010 (AP)

WASHINGTON ? Republican presidential candidate Mitt Romney paid about $3 million in federal income taxes in 2010, having earned more than seven times that from his investments and making him among the wealthiest of American taxpayers.

At the same time, Romney gave nearly $3 million to charity ? about half of that amount to the Mormon Church ? which helped lower his effective tax rate to a modest 14 percent, according to records his campaign released early Tuesday.

For 2011, he'll pay about $3.2 million with an effective tax rate of about 15.4 percent, the campaign said. Those returns haven't yet been filed yet with the Internal Revenue Service.

The former Massachusetts governor had been under pressure in recent weeks to release his tax returns, his GOP opponents casting him as a wealthy businessman who slashed jobs in the private sector. Rival Newt Gingrich made public his returns on Saturday, showing he paid almost $1 million in income taxes ? a tax rate of about 31 percent.

Romney's campaign confirmed the details of his tax information after several news organizations saw a preview of the documents. He had said planned to release his returns in full Tuesday morning, and campaign officials would be prepared to discuss them in detail with reporters.

"You'll see my income, how much taxes I've paid, how much I've paid to charity," Romney said during Monday night's debate in Tampa. "I pay all the taxes that are legally required and not a dollar more. I don't think you want someone as the candidate for president who pays more taxes than he owes."

Romney's 2010 returns show the candidate is among the top 1 percent of taxpayers. The returns showed about $4.5 million in itemized deductions, including $1.5 million to the Church of Jesus Christ of Latter-Day Saints.

Before the tax records were released, Romney's old investments in two controversial government-backed housing lenders stirred up new questions at the same time his campaign targeted Gingrich for his work for Freddie Mac.

Gingrich earned $1.6 million in consulting fees from Freddie Mac even though Romney has as much as $500,000 invested in the U.S.-backed lender and its sister entity, Fannie Mae.

The dimensions and the sources of Romney's wealth, which he has estimated to be as much as $250 million, have become pivotal issues in the roiling GOP primary campaign. For months, Romney dismissed calls to release his personal income tax records. But after mounting criticism from his rivals and others, coupled with his stinging weekend loss to Gingrich in the South Carolina primary, Romney agreed to release his 2010 return and 2011 estimate.

Romney already has acknowledged that his current tax rate is about 15 percent, a level far lower than standard rates for high-income earners and similar to the capital gains rate. "I'm proud of the fact that I pay a lot of taxes," Romney said.

The current lowest rate for long-term capital gains is 15 percent, but a higher rate of 20 percent had been in effect since 1981 until President George W. Bush signed into law a massive tax cut program in 2001.

Romney's vast investments contain other funds than the ones he profited from as a Bain Capital executive. But it was unclear whether he had any direct role in handling the investments in Fannie Mae and Freddie Mac that appear on his 2012 presidential disclosure.

One investment, listed as a "Federated Government Obligation Fund" and worth between $250,000 and $500,000, was a mutual fund that included both Fannie Mae and Freddie Mac assets among a larger pool that included other government securities.

The holding was not listed in Romney's blind trust, which led some Democratic Party activists to suggest that the investment was under his direct control.

"He is relentlessly attacking Newt Gingrich over his ties to Freddie Mac despite the fact that he personally invested up to a half a million dollars in both Fannie Mae and Freddie Mac," said Ty Matsdorf, a senior adviser with American Bridge 21st Century, a PAC associated with Democratic Party and liberal causes.

Former GOP Rep. J.C. Watts, a Gingrich supporter, said Monday that Romney was on a slippery slope calling his opponent a lobbyist and raising doubts about Gingrich's work for Freddie Mac. But he did not directly address Romney's investments with the lender or with Fannie Mae.

"Some might see it as splitting hairs. But Newt Gingrich was not walking the halls of House and Senate," Watts said on a conference call arranged by the campaign. "He was never doing the hand-to-hand combat doing the lobbying, consulting, whatever you want to call it."

A Romney campaign official who insisted on anonymity to discuss that investment in greater detail said that Romney's trustee had bought the government investment fund in 2007, before the housing crisis broke.

The Romney official said that the government fund was purchased through a charity trust that does not appear in Romney's presidential disclosure but will show up on his income tax return for 2010. That trust, called a Charitable Remainder Unitrust, is a standard tax strategy among the wealthy that provides investors with a fixed payout each year. What remains in the account at a later date, or when the investor dies, is turned over to charity, the official said.

Romney does not directly control the investment account, Romney campaign senior adviser Eric Fehrnstrom said earlier on Monday. "His investments are controlled by a trustee," Fehrnstrom said.

Separately, Romney's IRA retirement account lists both a Fannie Mae and a Freddie Mac security, each worth between $100,000 and $250,000. But because those are in Romney's IRA, they also appear to be under control of the trustee.

Tax experts said Romney's income tax returns may contain other charity structures and tax strategies designed to both boost his income and charity donations, while minimizing his involvement because of his presidential ambitions.

___

Associated Press writers Kasie Hunt and Brian Bakst in Tampa contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/ap/20120124/ap_on_el_pr/us_romney_s_wealth

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It's All Good (talking-points-memo)

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Monday, January 23, 2012

Video: Will the public forgive Gingrich?

Tablets, e-readers in 1 of every 4 hands now

Get an iPad, Kindle Fire or Nook Tablet over the holidays? You're not alone: Tablet and e-reader ownership increased by nearly double over the holidays, and more than 1 out of every 4 Americans now has one of the devices, according to a new study.

Source: http://www.msnbc.msn.com/id/3036697/vp/46077091#46077091

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Arab committee wants extended Syria mission: sources (Reuters)

CAIRO (Reuters) ? An Arab League committee on Syria will ask Arab foreign ministers on Sunday to extend a monitoring mission in the country by one month, sources attending the committee meeting said.

Hundreds of Syrians have been killed since the mission began its work in late December and political opponents of President Bashar al-Assad are demanding the League refer Syria to the United Nations Security Council.

"The committee will recommend an expansion of the monitoring mission for an extra month," said one source attending the committee meeting in Cairo who asked not to be named. The decision was confirmed by a second source at the meeting.

The foreign ministers are due to meet later on Sunday to debate the committee's conclusions on the mission, whose mandate expired on Thursday, and will have the final word on whether to extend, withdraw or strengthen it.

Arab states are divided over how to handle the crisis in Syria and critics say the monitoring mission is handing Assad more time to kill opponents of his rule.

Some want to crank up pressure on Assad to end a 10-month-old crackdown on a popular revolt in which, according to the United Nations, more than 5,000 people have died. Syria says 2,000 security personnel have been killed in the violence.

Others worry that weakening Assad could tip Syria, with its potent mix of religious and ethnic allegiances, into a deeper conflict that would destabilize the entire region. Some may fear the threat from their own populations if he were toppled.

Two representatives of Arab states told Reuters some small disagreements needed to be ironed out by the five-nation Syria committee on the phrasing of its final report but there was broad agreement on the outlines.

"The differences were mainly on the phrasing of the evaluations and recommendations ... but we managed to agree on most of those points and on how to reach agreement on the remaining part," one said.

The opposition Syrian National Council (SNC) says the observers lack the resources and clout to truly judge Assad's compliance with an Arab peace plan Syria signed up to in November and has called upon the Arab League to refer the Syrian crisis to the Security Council.

But Egypt, Algeria and Tunisia told the head of the Arab League, Nabil Elaraby, they would oppose such a move, a League source said on Sunday.

"The three states support solving the Syrian crisis inside the Arab League," the source told Reuters.

FUNERAL PROCESSION

Two Syrian army officers, an infantryman, a rebel and two civilians died in clashes on Sunday in Talfita, a village in the Damascus region, said the Syrian Observatory for Human Rights.

Intermittent fighting continued in the town of Douma, nine miles northwest of the capital, which had been encircled by the military, said the UK-based rights group.

An opposition activist and a rebel fighter in Douma told Reuters by telephone the fighting had eased and the rebels held about two thirds of its main streets.

Masked fighters had set up checkpoints and a funeral procession for five civilians killed on Saturday was passing through the town, they said. Angry cries could be heard in the background as they spoke.

The rebel fighter said there were several casualties on Sunday but no confirmed deaths.

The head of the monitoring effort, Sudanese General Mohammed al-Dabi, was presenting his findings to the League's Syria committee and the foreign ministers of the 22-member regional body will decide their response later on Sunday.

Maintaining the 165 monitors, and perhaps giving them a broader remit, could give Arab states more time to find a way out of the crisis.

Elaraby met several Arab officials on Saturday and another source close to the League said the ministers could decide both to extend the mission and to offer it additional support in the form of U.N. or military experts.

Qatar and Saudi Arabia, regional rivals of Syria and its ally Iran, are impatient for decisive action against Assad, and Qatar has suggested sending Arab troops to Syria.

The League is due to discuss the idea but military action against Assad would need unanimous backing and several countries still believe in a negotiated solution, League sources say.

The Security Council is also split on how to address the crisis, with Western powers demanding tougher sanctions and a weapons embargo, and Assad's ally Russia preferring to leave the Arabs to negotiate a peaceful outcome.

Suggestions to send in U.N. experts to support the Arab observers made little headway at the last meeting earlier this month and Damascus has said it would accept an extension of the observer mission but not an expansion in its scope.

Syria, keen to avoid tougher foreign action, has tried to show it is complying with the Arab peace plan, which demanded a halt to killings, a military pullout from the streets, the release of detainees, access for the monitors and the media, and a political dialogue with opposition groups.

This month the Syrian authorities have freed hundreds of detainees, announced an amnesty, struck a ceasefire deal with armed rebels in one town, allowed the Arab observers into some troublespots and admitted some foreign journalists.

Assad also promised political reforms, while vowing iron-fisted treatment of the "terrorists" trying to topple him.

(Additional reporting by Erika Solomon in Beirut and Lin Noueihed in Cairo; Writing by Tom Pfeiffer; Editing by Diana Abdallah)

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/nm/20120122/wl_nm/us_syria

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Sunday, January 22, 2012

The World's Top 10 Retirement Havens

www.marketwatch.com:

They're cheap, yes, but these overseas spots offer more than that.

Read the whole story: www.marketwatch.com

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Source: http://www.huffingtonpost.com/2012/01/20/worlds-top-10-retirement-havens_n_1216932.html

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Friday, January 20, 2012

Winterizing for Pets at Garanimals Blog

Here in Chicago, we went from 57? last week to the low 20s? with 10 inches of snow in less than 24 hours. Some of us were thinking (hoping?) that winter might stay away this year, but no such luck. So we have hauled out the boots, shovels and gloves, and are digging in for a long winter.

Many of the same issues that plague humans during cold winter weather can be troublesome for pets, too. Here are a few tips for winterizing for your animals.

Cold, dry outdoor air and warm, dry indoor air can both cause problems. When the heat is on all day, it can cause dry skin. Invest in a good humidifier, and keep it clean, filled, and running. Reptiles and amphibians will probably need more misting during winter months, so monitor humidity levels with a good gauge.

Protect against dehydration. That same dry air that makes you thirsty all winter can cause dehydration in your pets. Keep water bowls clean and filled.

Space heaters can be dangerous for pets. Don?t leave pets unattended around space heaters. Take care with the placement of space heaters around cages, so they don?t cause dangerous hot spots, and be sure to keep space heaters clear of flammable materials, such as pet bedding.

Take care of your pet?s paws. Cold weather and wet paws can cause chapping.?Use?salt-free and chloride-free ice melting products on your sidewalks and driveway. Wash and dry your dog?s paws after a walk. Booties can help protect the paw pads on long walks, and you can use petroleum jelly to prevent or ease chapping.

Never leave a pet locked in a car during winter. Temperatures in a car can drop very quickly in cold weather, leaving your pet vulnerable to exposure. An idling car is equally dangerous, allowing toxic carbon monoxide to build up in your vehicle.

Maintain proper cage and tank temperatures.?Many of us set back our thermostats at night or when everyone is away during the day to save on heating bills. Some pets, such as lizards, fish, and some small mammals, don?t handle this kind of temperature dip very well. You can still save money dialing down the thermostat if you provide auxiliary heating for your pets, such as an under-tank heater, a ceramic heater or an infrared bulb. Be sure to use a true infrared bulb, not just a red light bulb, and discuss the best auxiliary heater for your pet with your veterinarian or local pet expert.

Limit outside time when temperatures dip below freezing. Talk to your groomer about keeping your pet?s coat a little longer in the winter, or buy a sweater. Keep outdoor activities short, but don?t skimp on exercising your pet just because it?s cold. The ASPCA offers several tips for winter pet exercise.

Keep toxic chemicals out of pet?s reach, including ice-melting agents, anti-freeze, and poisonous house plants.

A little preparation will keep you and your pets warm, safe and dry all winter long.

Related Picture Books

Frederick by Leo Lionni
The Snowy Day by Ezra Jack Keats

Susan Bearman also writes at?Two Kinds of People,?Mike&Ollie: 24-weekers Who Beat the Odds?and?The Animal Store Blog,?as well as being a?regular contributor to?The Chicago Moms?and?Technorati.

Source: http://blog.garanimals.com/2012/01/18/winterizing-for-pets/

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Thursday, January 19, 2012

Mr. Five Percent (Unqualified Offerings)

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Obama, GOP back in tussle over oil pipeline (AP)

WASHINGTON ? President Barack Obama and Congress are back where they were before Christmas, locked in an election-season tussle over a proposed 1,700-mile oil pipeline from Canada to Texas.

Republicans hope to again force Obama to make a politically risky decision, while he is seeking to put it off until after the November election.

Obama blocked the $7 billion Keystone XL pipeline on Wednesday, at least temporarily, but Republicans immediately signaled their intention to try again to force the issue. Rep. Fred Upton, R-Mich., chairman of the House Energy and Commerce Committee, said he will call Secretary of State Hillary Rodham Clinton, who recommended Obama's rejection, to testify at a hearing as early as next Wednesday, the day after Obama gives his State of the Union address before a joint session of Congress.

"This is not the end of the fight. Republicans in Congress will continue to push this because it's good for our country and it's good for our economy and it's good for the American people," especially those who are out of work, said House Speaker John Boehner, R-Ohio.

Republicans are looking to drive a wedge between Obama and two key Democratic constituencies. Some labor unions support the pipeline as a job creator, while environmentalists fear it could lead to an oil spill disaster.

The plan by Calgary-based TransCanada Corp. would carry tar sands oil from Alberta, Canada, through a 1,700-mile pipeline across six U.S. states to refineries on the Texas Gulf Coast.

Obama was already on record as saying no, for now, until his administration could review an alternate route that avoided environmentally sensitive areas of Nebraska ? a route that still has not been proposed. But in an unrelated tax deal he cut with congressional Republicans, Obama had been boxed into making a decision by Feb. 21.

The deal required that the project would go forward unless Obama declared by that date that it was not in the national interest. The president did just that Wednesday, generating intense reaction from all sides.

"This announcement is not a judgment on the merits of the pipeline, but the arbitrary nature of a deadline that prevented the State Department from gathering the information necessary to approve the project and protect the American people," Obama said in a written statement. "I'm disappointed that Republicans in Congress forced this decision."

Republicans got out their toughest rhetoric for the occasion.

Newt Gingrich, campaigning for the GOP presidential nomination in South Carolina, called Obama's decision "stunningly stupid," adding, "What Obama has done is kill jobs, weaken American security and drive Canada into the arms of China out of just sheer stupidity."

Republican presidential front-runner Mitt Romney said the decision was "as shocking as it is revealing. It shows a president who once again has put politics ahead of sound policy."

Project supporters say U.S. rejection of the pipeline would not stop one from being built. Canadian Prime Minister Stephen Harper has said Canada is serious about building a pipeline to its West Coast, where oil could be shipped to China and other Asian markets.

TransCanada said it would submit a new application once an alternative route for the pipeline is established. Company chief Russ Girling said if approved, the pipeline could begin operation as soon as 2014. He said TransCanada will continue to work with Nebraska officials to determine the safest route for Keystone XL that avoids the environmentally sensitive Sandhills area, which he said should be completed this fall.

But Assistant Secretary of State Kerri-Ann Jones told reporters that if TransCanada submits a new application for a different pipeline path, it would trigger a new review process.

"We cannot state that anything will be expedited at this time," she said. "We would look to information that is out there to extent we can. It is a new permit application so the process would have to be started over again."

The proposed $7 billion pipeline would pass through Montana, South Dakota, Nebraska, Kansas and Oklahoma en route to Texas.

The pipeline is a dicey proposition for Obama, who enjoyed strong support from both organized labor and environmentalists in his winning 2008 campaign for the White House.

Environmental advocates have made it clear that approval of the pipeline would dampen their enthusiasm for Obama in November. Some liberal donors even threatened to cut off funds to Obama's re-election campaign to protest the project, which opponents say would transport "dirty oil" that requires huge amounts of energy to extract.

But by rejecting the pipeline, Obama risks losing support from organized labor, a key part of the Democratic base, for thwarting thousands of jobs.

"The score is job-killers two, American workers zero," said Terry O'Sullivan, general president of the Laborers' International Union of North America.

O'Sullivan called the decision "politics at its worst" and said, "Blue-collar construction workers across the U.S. will not forget this."

Yet some unions that back Obama oppose the pipeline, including the United Auto Workers, Service Employees International Union and Communications Workers of America.

TransCanada says the pipeline could create as many as 20,000 jobs, a figure opponents say is inflated. A State Department report last summer said the pipeline would create up to 6,000 jobs during construction.

Obama appeared to have skirted what some dubbed the "Keystone conundrum" in November when the State Department announced it was postponing a decision on the pipeline until after this year's election. Officials said they needed extra time to study routes that avoid a 65-mile stretch through the Sandhills area, which supplies water to eight states.

The concerns were serious enough that the state's governor and senators opposed the project unless the pipeline was moved. Any new route would have to be approved by Nebraska environmental officials and the State Department, which has authority because the pipeline would cross an international border.

Obama said his decision does not "change my administration's commitment to American-made energy that creates jobs and reduces our dependence on oil."

To underscore the point, Obama signaled that he would not oppose development of an oil pipeline from Oklahoma to refineries along the Gulf of Mexico. TransCanada already operates a pipeline from Canada to Cushing, Okla. Refineries in Houston and along the Texas Gulf Coast can handle heavy crude such as that extracted from Canadian tar sands ? the type of oil that would flow through the Keystone XL pipeline.

Sen. Kent Conrad, D-N.D., said he doesn't believe the Keystone XL is dead. He said the Obama administration did not have enough time to review the project, given the Republican-imposed timeline.

"I don't believe this is the end of the story," Conrad told The Associated Press. "My personal view is that it should be constructed. It's clear Canada is going to develop this resource, and I believe it is better for our country to have it go here rather than Asian markets."

Bill McKibben, an environmental activist who led opposition to the pipeline, praised Obama's decision to stand up to what he called a "naked political threat from Big Oil."

___

Associated Press writers Ben Feller, Dina Cappiello, Laurie Kellman and Sam Hananel in Washington, Shannon McCaffrey in Warrenville, S.C., Ramit Plushnick-Masti in Houston and James MacPherson in Bismarck, N.D., contributed to this story.

___

Follow Matthew Daly on Twitter: (at)MatthewDalyWDC.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20120119/ap_on_go_pr_wh/us_oil_pipeline

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