U.S. says to take steps to fill FHA capital hole, avoid bailout
















WASHINGTON (Reuters) – The Obama administration said on Thursday it planned to take steps to fill a capital hole at the Federal Housing Administration to lessen the need for a taxpayer bailout.


The Department of Housing and Urban Development said an independent actuary had found that the mortgage insurance agency’s capital reserve ratio – a gauge of its buffer against loan losses – had fallen into negative territory and represented a negative economic value of $ 16.3 billion.













It said the actuary’s estimates had not taken into account $ 11 billion in expected capital accumulation and steps the administration planned to outline on Friday to shore up the agency, which insures one out of three U.S. mortgages. (Reporting by Timothy Ahmann and Margaret Chadbourn; Editing by Eric Walsh)


Economy News Headlines – Yahoo! News



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France urges Mali to step up talks with rebels
















PARIS (AP) — France‘s president called Thursday for stepped-up talks between Mali’s government and any leaders from its breakaway north “who reject terrorism,” even as African nations geared up for a possible military operation against Islamic extremists there.


President Francois Hollande‘s comments suggested a growing openness to dialogue with the extremists, but he remained committed to supporting the military planning effort.













Northern Mali fell to Islamic extremists in April, after coup leaders toppled the government in Bamako, Mali‘s capital. Fearing that northern Mali could become the latest hotbed of terrorism, France has been a driving force in international efforts to bolster Mali’s army to drive the Islamists from power.


Hollande spoke with interim Mali President Dioncounda Traore by phone on Thursday, partly to detail European efforts to help strengthen Mali’s army.


In recent days, representatives from the most moderate of three al-Qaida-linked groups that control northern Mali have been meeting with Burkina Faso‘s president, appointed as a mediator.


“France reiterates its wish that political dialogue will intensify between Malian authorities and representatives of northern populations who reject terrorism,” Hollande’s office said in a statement. “The acceleration of this dialogue must accompany the progress in African military-planning efforts.”


Earlier this week, the African Union approved a plan that calls for 3,300 African troops to be deployed in order to win back Mali’s north. European countries including France and Germany have expressed a willingness to provide military trainers and logistics support, but have stopped short of committing combat troops.


France, like many European countries, fears that the arid, northern Sahel region of Mali could become a breeding ground for terrorism, where al-Qaida and its allies could plot hostage-takings and attacks in Europe or beyond.


France has millions of people whose families hail from former French colonies in north and west Africa. Authorities have long been concerned that French-born militants could travel abroad for terrorism training and return home later to possibly carry out attacks.


French authorities are already investigating two French citizens who were arrested in Mali and neighboring Niger and are suspected of seeking to join up with the al-Qaida-linked extremists, a judicial official told The Associated Press.


Ibrahim Ouattara, a 24-year-old native of the northern Paris suburb of Aubervilliers who has dual French and Malian nationality, was arrested inside Mali this month and remains in custody there, the official said.


Separately, a 27-year-old Frenchman was arrested in August in Niger and has since been handed over to authorities in France, the official said, speaking on condition of anonymity because she was not authorized to discuss terrorism cases publicly.


Europe News Headlines – Yahoo! News



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Xbox Live Celebrates 10 Years of Connecting Gamers
















Thursday marks the tenth anniversary of Xbox Live, Microsoft’s online gaming platform for the Xbox and the Xbox 360.


[More from Mashable: Steve Ballmer Hints at Microsoft Building More Hardware]













For the last decade, Xbox Live has offered both a marketplace and online play space for gamers. It started in 2002 on Microsoft‘s original Xbox console; Xbox spokeperson Larry Hryb, better known as Major Nelson, said it launched with games like Ghost Recon, MechAssault and NFL Fever.


Now Xbox Live serves as a complete entertainment package for the Xbox 360. Players can still compete online and connect with others, but can also access all kinds of other services through their Xbox 360 as the console moves to position itself as a living room centerpiece. Streaming services like Netflix, Hulu Plus, Pandora, HBO Go, ESPN and NBA Live, as well as on-demand movies from Zune. During this year’s election, Xbox Live offered full access to the debates and election coverage, thanks to a partnership with NBC.


[More from Mashable: New ‘Grand Theft Auto V’ Trailer Takes Game Violence to the Next Level [VIDEO]]


There are about 30 million Xbox Live subscribers, each with their own unique gamertag. Xbox Live was instrumental in the widespread adoption of achievements on games, which players unlocked for completing different in-game challenges. According to Hyrb’s Twitter account, gamers have unlocked 14.5 billion achievements in the past decade.


Xbox Live is the only online network on consoles that charges its users, at $ 60 a pop for a 12-month subscription.


To celebrate today’s anniversary, some long-time Xbox Live subscribers are receiving special edition Xbox 360s, according to Hyrb’s Twitter feed. Hyrb is also giving out one-year subscriptions to Xbox Live on his Twitter all day Thursday.


Do you have fond memories of playing Xbox Live in the past decade? Please share them with us in the comments.


1. Triforce Lamp


Know a Zelda fan in need of some power, wisdom and courage? This beautiful wood and acrylic lamp can be hung or shelved. The pixelated carvings on each side warm the room with dappled light. Price: $ 95.00


Click here to view this gallery.


Image courtesy Rodrigo DenĂºbila, Flickr.


This story originally published on Mashable here.


Gaming News Headlines – Yahoo! News



Read More..

Xbox Live Celebrates 10 Years of Connecting Gamers
















Thursday marks the tenth anniversary of Xbox Live, Microsoft’s online gaming platform for the Xbox and the Xbox 360.


[More from Mashable: Steve Ballmer Hints at Microsoft Building More Hardware]













For the last decade, Xbox Live has offered both a marketplace and online play space for gamers. It started in 2002 on Microsoft‘s original Xbox console; Xbox spokeperson Larry Hryb, better known as Major Nelson, said it launched with games like Ghost Recon, MechAssault and NFL Fever.


Now Xbox Live serves as a complete entertainment package for the Xbox 360. Players can still compete online and connect with others, but can also access all kinds of other services through their Xbox 360 as the console moves to position itself as a living room centerpiece. Streaming services like Netflix, Hulu Plus, Pandora, HBO Go, ESPN and NBA Live, as well as on-demand movies from Zune. During this year’s election, Xbox Live offered full access to the debates and election coverage, thanks to a partnership with NBC.


[More from Mashable: New ‘Grand Theft Auto V’ Trailer Takes Game Violence to the Next Level [VIDEO]]


There are about 30 million Xbox Live subscribers, each with their own unique gamertag. Xbox Live was instrumental in the widespread adoption of achievements on games, which players unlocked for completing different in-game challenges. According to Hyrb’s Twitter account, gamers have unlocked 14.5 billion achievements in the past decade.


Xbox Live is the only online network on consoles that charges its users, at $ 60 a pop for a 12-month subscription.


To celebrate today’s anniversary, some long-time Xbox Live subscribers are receiving special edition Xbox 360s, according to Hyrb’s Twitter feed. Hyrb is also giving out one-year subscriptions to Xbox Live on his Twitter all day Thursday.


Do you have fond memories of playing Xbox Live in the past decade? Please share them with us in the comments.


1. Triforce Lamp


Know a Zelda fan in need of some power, wisdom and courage? This beautiful wood and acrylic lamp can be hung or shelved. The pixelated carvings on each side warm the room with dappled light. Price: $ 95.00


Click here to view this gallery.


Image courtesy Rodrigo DenĂºbila, Flickr.


This story originally published on Mashable here.


Gaming News Headlines – Yahoo! News



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Psy, Drake, Gotye join American Music Awards birthday bash
















LOS ANGELES (Reuters) – The American Music Awards rings in its 40th year on Sunday, with top nominees like Rihanna and Nicki Minaj battling for the top trophies and Stevie Wonder leading a tribute to the show’s late founder, Dick Clark.


Variety is the key to this year’s three-hour ceremony from Los Angeles, with performers including Canadian pop star Justin Bieber, 1990s ska-punk band No Doubt, alt-rockers Linkin Park, country-pop darling Taylor Swift, Korean Internet sensation Psy and British-Irish boyband The Wanted.













“The AMAs reflects pop culture, which is all forms of music, all genres, pop, rock, country, hip hop, alternative … all these things that normally don’t together. It’s our job to make it flow,” producer Larry Klein told Reuters.


R&B star Rihanna, 24, and Minaj, 29, tied for the most nominations this year, with four apiece, and will battle each other in the hotly contested female pop-rock category.


Rihanna will also face stiff competition for the top award of the night, the artist of the year accolade, where she will compete with Bieber, Katy Perry, Maroon 5 and Drake.


The new artist category is expected to be a tight race between rapper J. Cole, indie-pop band fun., Australian singer Gotye, British boyband One Direction and Canadian popstar Carly Rae Jepsen, who will also be performing on Sunday. The ceremony will be shown live on ABC Television.


Unlike the Grammy Awards, which are decided on by music producers, songwriters and others working in the industry, the American Music Awards are determined by fans.


“It’s the public who watches, who decides, who votes. This is an awards show where the public decides the nominees and winners, so our shows are more about pop culture,” Klein said.


This year sees a new category for the growing electronic dance music market, which Klein said he couldn’t ignore. DJs David Guetta, Skrillex and Calvin Harris will compete for the trophy.


REMEMBERING DICK CLARK


This is the first time Klein will be running the show without the input of influential music and TV producer Dick Clark, who died in April at the age of 82. Clark created the American Music Awards in 1973 as an alternative to the Grammys, and Klein said his absence felt bizarre.


“Last year, he loved the show, he was very happy. He loved LMFAO when they closed the show, it was all a fun party of music, dance music, Dick loved it,” Klein said.


Clark, who also hosted “American Bandstand” and “New Year’s Rockin’ Eve,” will be remembered on Sunday in a tribute led by Wonder and “American Idol” host Ryan Seacrest.


“I wanted to make it classy, elegant and meaningful, with something that truly summoned the relationship that Dick had with so many people,” said Klein, who has been involved in the show since its inception.


Klein said the show will look back on its 40-year history, showcasing some of its most memorable moments. Klein’s personal picks included performances from late singer Michael Jackson, funk-pop star Prince, and Jay-Z and Alicia Keys’ rendition in 2009 of “Empire State of Mind.”


“I was very close to Michael Jackson, so every time Michael was on the show, it always made me happy. The Prince number we did was outrageous, Jay-Z and Alicia Keys…it really was epic, it was just extraordinary,” Klein said.


With more than fifteen individual performances, or “mini-shows” scheduled for Sunday, Klein said audiences can expect surprises.


“Live TV is the best, it’s unpredictable. Without a doubt there will be some unpredictable moments, I promise you,” the producer said.


(Reporting By Piya Sinha-Roy, editing by Jill Serjeant)


Music News Headlines – Yahoo! News



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Australia quarantines farm to contain H7 bird flu outbreak
















SYDNEY (Reuters) – Australia‘s first outbreak of a highly pathogenic bird flu virus in 15 years should be contained by a cull of 50,000 chickens, authorities said on Friday, although they do not know what caused the case at an egg farm in New South Wales state.


The Department of Primary Industries (DPI) said all chickens at the property in Maitland, 160 km (100 miles) north of Sydney, will be destroyed after the H7 virus was detected last week.













The H7 strain is highly pathogenic to birds but is not related to the H5N1 strain, which was first detected in 1997 in Hong Kong and has since caused hundreds of human deaths.


DPI Chief Veterinary Officer Ian Roth said the strain did not present any risks to food safety from poultry and eggs.


The owners of the infected farm have been quarantined as experts try to find the source of the virus, often wild birds.


“It generally spreads by the movement of birds from the farm and there certainly hasn’t been any of those,” Roth told Australian Broadcasting Corporation radio.


“We’re in the process now of doing the tracing and also surveillance in the area, and so far the tracing looks quite good. There hasn’t been much potential for spread,” he said.


Australia’s agriculture ministry reported the outbreak to the Paris-based animal health body OIE on Thursday.


Australia’s Chicken Meat Federation said the industry produced around 1.12 million tonnes a year, worth around A$ 1.9 billion, with most used domestically and only around 5 percent exported.


JAPAN BANS IMPORTS


Japan banned the import of poultry and eggs from Australia after the outbreak, the country’s Ministry of Agriculture said in a statement late on Thursday.


Japan imported 0.9 tonnes of meat in 2011 and 1.9 tonnes in the two years before. Imports of eggs totaled 2.1 tonnes in the three years through last year. Japan is asking Australian authorities to provide more details about the outbreak, the statement said.


Chicken Meat Federation executive director Andreas Dubs said most exports were for pet food, while chicken feet were exported to some countries where they are eaten by humans.


The Australian government’s official commodities forecaster expects about 41,000 tonnes of chicken to be exported in the financial year to June 30, 2013.


Major export destinations are Hong Kong, Papua New Guinea, the Philippines, Vietnam and South Africa. Producers typically earn about A$ 1 ($ 1.03) per kilogram for chicken products.


Many countries, including Japan, have automatic measures to stop imports when there is an outbreak of avian influenza (AI) and they will be in discussions with Australian authorities to check if the outbreak is contained and exports can be restored.


“It is a fairly normal thing for countries, when you have an outbreak of AI, a number of countries have requirements that you are free of AI,” Dubs said. “It is a short-term reaction. It is not really a longer-term concern for us.”


South Korea, which imported 5.2 tonnes of Australian poultry last year, is conducting a review, an official said.


“The ministry is discussing whether to ban Australian poultry imports, though the volume is minimal. After reviewing the issue, we’ll take appropriate safety and sanitary measures,” said Chang Jae-hong, an official from the quarantine policy division at the South Korean agriculture ministry.


Hong Kong hasn’t issued a ban on imports. China’s quarantine bureau also has not issued a ban, but analysts said China is not a major poultry importer from Australia.


Australia faced an outbreak of a bird flu in February that led to a ban on Australian exports of poultry products to Japan, but that was not a highly pathogenic virus.


Most avian influenza viruses do not cause disease in humans. At least one type of H7 strain, the H7N7 subtype, can infect people and even kill, but the impact on humans usually tends to be mild, the World Health Organization said. ($ 1 = 0.9683 Australian dollars)


(Reporting by Sybille de La Hamaide and Gus Trompiz in PARIS, Jane Wardell in SYDNEY, James Grubel in CANBERRA, Risa Maeda in TOKYO, Anne-Marie Roantree in HONG KONG, Jane Chung in SEOUL and Niu Shuping in BEIJING; Editing by Brian Love, John Mair, Aaron Sheldrick and Paul Tait)


Diseases/Conditions News Headlines – Yahoo! News



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Airport capacity ‘costs UK £14bn’

















A lack of capacity at Heathrow is costing the UK economy £14bn a year in lost trade, according to a report published by the airport.













That figure could rise to £26bn a year by 2030, the report said.


Heathrow bosses are keen to see a third runway built at the west London airport, but the government has ruled it out for the time being.


The government has asked a commission headed by Sir Howard Davies to advise on future UK airport capacity needs.


The Davies Commission is expected to present an interim report to the government by the end of 2013, with a full report due in the summer of 2015 – after the next general election.


‘Lay doubts to rest’


Heathrow’s report, “One hub or none”, was prepared for the airport by consultants Frontier Economics. It was commissioned to inform Heathrow’s response to the Davies Commission but is not its formal submission.


Continue reading the main story

I’ve just looked back through my notes from the start of the year.


“Dead and buried” was the phrase a senior person at the DfT used to describe to me a third runway at Heathrow. Just a few months after that Justine Greening, the Transport Secretary at the time, effectively told me that she was against the idea.


What a difference a few months and some expensive lobbying makes. Justine Greening has been unceremoniously shunted out of the way and the idea is now firmly back on the table. It’s also backed by some big hitters across the business world, unions, aviation bosses and many politicians.


But don’t let that fool you into thinking the diggers will move in any time soon, if ever.


First, there’s the rabid opposition it would face from the likes of London Mayor Boris Johnson, the Lib Dems and the hundreds of thousands of Londoners who’d be affected by the noise.


Second, Sir Howard Davies might not actually recommend it when he reports back in 2015, and even if he does, the next government will have to back it. If it clears all those hurdles, Heathrow’s owners then say it will take at least eight years to get planning permission and finally build the thing.



On Tuesday, London Mayor Boris Johnson met Sir Howard, stating his opposition to a third runway at Heathrow, and putting forward the case for a Thames estuary airport.


The all-party 2M Group, which represents more than 20 councils close to Heathrow, has said it will tell the Davies Commission that loosening restrictions on Heathrow’s existing runways would destroy the quality of life for people living near the flight path.


Heathrow chief executive Colin Matthews said: “If anyone was still in doubt about the importance of aviation to the UK economy, today’s report should lay those doubts to rest.”


The report said that the choice for the UK was not between two hubs or one, but one hub or none.


It said only one airport could operate as a hub in the UK and said the government could either do nothing and “let the UK fall behind competitors”, add additional capacity at Heathrow or close Heathrow and replace it with a new larger hub airport.


A Department for Transport spokeswoman said that the UK was one of the best connected countries in the world, and maintaining its airport network was vital to the economy.


“The strength with which the different options for achieving this are put forward shows precisely why we were right to set up a proper independent review with the timescale to consider fully what is in the country’s interest,” she said.


A report by the Policy Exchange think tank last month supported replacing Heathrow’s existing runways with four new ones immediately to the west of the current site as the best option for increasing airport capacity in the UK.


It also advocated much tighter restrictions on operating hours, permitted aircraft type and the steepness of take-off and descent, in order to reduce noise pollution over London from current levels.


Other options include building a second runway at Gatwick or Stansted, expanding Luton, or replacing Heathrow with an airport in the Thames Estuary, as favoured by Mr Johnson.


BBC News – Business



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Egypt recalls envoy to Israel after Gaza strike
















CAIRO (AP) — Egypt has recalled its ambassador to Israel after an Israeli airstrike killed the military commander of Gaza‘s ruling Hamas.


In a statement read on state TV late Wednesday, spokesman Yasser Ali said that President Mohammed Morsi recalled the ambassador and asked the Arab League‘s Secretary General to convene an emergency ministerial meeting in the wake of the Gaza violence.













Morsi also called for an immediate cease fire between Israel and Hamas, an offshoot of Morsi’s Muslim Brotherhood. Israel says it struck in response to rocket attacks from Gaza.


Hours earlier, Morsi’s Muslim Brotherhood group denounced the Israeli airstrike as a “crime that requires a quick Arab and international response to stem these massacres.”


Relations between Israel and Egypt have deteriorated since longtime President Hosni Mubarak was ousted last year.


Middle East News Headlines – Yahoo! News



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Verizon says 1.4 million customers back on its fiber optic network
















(Reuters) – Verizon Communications said fiber optic services have been restored to more than 1.4 million customers hurt by Hurricane Sandy.


The provider of telephone, Internet and television services said on November 1 that it may take another two weeks to restore telecommunication services for its customers after flooding and power outages knocked out services.













The company said it completed 364,000 repairs across the mid-Atlantic and northeast regions.


Verizon said it will provide credits for landline customers and fix equipment damaged due to the hurricane.


Verizon shares were up at $ 42.39 after the bell on Wednesday. They closed at $ 42.24 on the New York Stock Exchange.


(Reporting By Pallavi Ail in Bangalore; Editing by Maju Samuel)


Internet News Headlines – Yahoo! News



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Verizon says 1.4 million customers back on its fiber optic network
















(Reuters) – Verizon Communications said fiber optic services have been restored to more than 1.4 million customers hurt by Hurricane Sandy.


The provider of telephone, Internet and television services said on November 1 that it may take another two weeks to restore telecommunication services for its customers after flooding and power outages knocked out services.













The company said it completed 364,000 repairs across the mid-Atlantic and northeast regions.


Verizon said it will provide credits for landline customers and fix equipment damaged due to the hurricane.


Verizon shares were up at $ 42.39 after the bell on Wednesday. They closed at $ 42.24 on the New York Stock Exchange.


(Reporting By Pallavi Ail in Bangalore; Editing by Maju Samuel)


Internet News Headlines – Yahoo! News



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