Ahad, 16 Disember 2012

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MIDF cuts AirAsia’s target price

Posted: 16 Dec 2012 06:20 PM PST

MIDF Research lowered its target price on AirAsia Bhd to RM3.45 from RM3.84 after Asia's largest budget carrier purchased an additional 100 Airbus A320 aircraft.

"We foresee short-term headwinds due to more intense competition from new entrant into its home market and increased uncertainties due to the stock removal from the benchmark stock index," the research house said in a note on Monday.

However, MIDF said the 9.4 billion deal with Airbus would further enhance AirAsia's position as the cost leader in the low cost carriers (LCC) industry.

"Our take on AirAsia is that, in time, it might even overtake the position of Ryanair Holdings Plc in Europe and Southwest in North America as the global leader of LCC given its high order-book for aircraft, and the huge population in Asia which is still under served," MIDF said.

The research house maintained its 'buy' rating on AirAsia shares. By 0929 a.m. (0129 GMT), shares of AirAsia dropped 2.25 per cent to RM2.61, underperforming the benchmark stock index's 0.44 per cent fall. -- Reuters

MAS eyes 80pc A380 load for KL-Paris route

Posted: 16 Dec 2012 06:06 PM PST

Malaysia Airlines (MAS) expects a load factor of 80 per cent for its Kuala Lumpur-Paris-Kuala Lumpur daily route when the Airbus A380 is rolled out in March 1 next year to replace the current Boeing B777 daily services.

"France is a very big country. A lot of French people travel outside the country and at the same time, we have a lot of business going on between the Malaysian government/businessmen and French government/businessmen as well as within the other European countries," said MAS Regional Senior Vice-President
for the UK and Europe, Huib Gorter.

Furthermore, he added, Malaysia is part of the strongly growing tourism sector of the Asia Pacific region and the country itself is an attractive destination for Europeans despite the economic and financial crises in several regions of the world.

"One of the key things is to price your products creatively and at the right time. We have very very good airlines competing with us and we can never ever lose sight, we have to be on top of that and I think we have done it quite well," he told Malaysian journalists attending the just recently concluded

IATA Global Media Day 2012 held in Geneva.

Despite the gloomy eurozone economic outlook, Gorter sees next year as an excellent one for MAS in Europe as the A380 aircraft will definitely enhance MAS' brandname.

He is confident that with the A380's introduction into service with an exciting new level of comfort, luxury and convenience in long-haul travel "we can expect the number of passengers to increase more and more."

The A380 has a capacity of 494 seats in a three-class configuration comprising eight first-class seats and 350 economy-class on the main deck, together with 66 business-class seats and 70 economy-class seats on the upper deck.

Gorter added that with the deployment of the superjumbo on two of the popular European routes (London and Paris), the national carrier will be able to offer the latest premium products and services to travellers and this customer proposition is also certain to increase tourist arrivals into Malaysia next year.

Since MAS commenced its A380 operations on the KL-London route on July 1, 2012, customers' response has been overwhelming, he said, adding that there has been a 22 per cent rise in passenger load from London to KL.

Gorter also said although the UK is MAS' biggest market in Europe, Paris could be another high profile destination, followed by Holland, Germany and Turkey.

Currently, direct flights from Europe to Malaysia (including code sharing) are from Amsterdam (17), Frankfurt (nine), London (14), Paris (daily) and Istanbul (3), with 14 being operated by MAS.

Meanwhile, in order to increase tourist arrivals in Malaysia, Gorter said MAS would be working closely not only with Tourism Malaysia but also with the Sarawak Tourism Board, hoteliers, travel agents and those related with the travel industry.

"We have to be very quick and competitive, we need to have strategies and we have estimated about 122 European tour operators will feature Malaysia in their brochures and online sites," he said.

The Malaysian tourism industry is targeted to contribute RM104 billion to the country's Gross National Income by 2020 for which Malaysia will need to achieve 36 million tourist arrivals in 2020 from 24 million in 2009, a 50 per cent growth.

Malaysia Airlines is the eighth operator of this new aircraft and will receive its remaining two A380s by the first quarter of 2013. -- Bernama

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Obama Heading to Newtown to Grieve With Families - WSJ.com - Wall Street Journal

Posted: 16 Dec 2012 09:05 AM PST

SANDY HOOK, Conn.—President Barack Obama was to join a grieving community here Sunday as authorities continued to piece together how a gunman stormed an elementary school and killed 20 children and six adults, in one of the worst mass shootings in U.S. history.

The White House said Mr. Obama would meet with the families of children and adults slain at Sandy Hook Elementary School in Newtown, Conn., and would speak at a vigil set for 7 p.m. Eastern time.

European Pressphoto Agency

A man carries flowers Saturday down the street from the Sandy Hook Elementary School, in Newtown, Conn. where 20 children were among those killed in Friday's shooting.

The 26 victims who were shot inside the school on Friday were each hit by more than one bullet, most of them from the high-powered semiautomatic rifle wielded by the 20-year-old suspect, the state's chief medical examiner said on Saturday.

Authorities worked into Saturday morning at a temporary morgue on the school grounds to identify the bodies, H. Wayne Carver II said, as state authorities released the names of those killed at the school.

List of Victims

  • Charlotte Bacon, 6
  • Daniel Barden, 7
  • Rachel Davino, 29
  • Olivia Engel, 6
  • Josephine Gay, 7
  • Ana Marquez-Greene, 6
  • Dylan Hockley, 6
  • Dawn Hochsprung, 47
  • Madeleine F. Hsu, 6
  • Catherine V. Hubbard, 6
  • Chase Kowalski, 7
  • Jesse Lewis, 6
  • James Mattioli, 6
  • Grace McDonnell, 7
  • Anne Marie Murphy, 52
  • Emilie Parker, 6
  • Jack Pinto, 6
  • Noah Pozner, 6
  • Caroline Previdi, 6
  • Jessica Rekos, 6
  • Avielle Richman, 6
  • Lauren Rousseau, 30
  • Mary Joy Sherlach, 56
  • Vicki Soto, 27
  • Benjamin Wheeler, 6
  • Allison N. Wyatt, 6

On Saturday afternoon, authorities revealed the truth behind the grim numerical toll: a list of names, overwhelmingly female, heart-rendingly young. Twenty of the 26 victims in the school were just 6 or 7 years old.

"I believe they were all first-graders," Mr. Carver said.

Six adults also were killed in the school, including school psychologist Mary Jo Sherlach, the oldest victim, at age 56.

Shock, Tragedy at Connecticut School

Getty Images

A flag flies half mass outside of a residence near the Sandy Hook School on Saturday.

Mr. Carver said his staff was to do an autopsy Sunday on the two remaining dead in the spree: the suspect, 20-year-old Adam Lanza, who took his own life at the school, and his mother, Nancy Lanza, 52, whom Mr. Lanza shot and killed in the house the two shared in town.

Mr. Lanza's body was found close to the rifle and two handguns he carried, police said, and he is believed to have taken his own life.

Police said they believe Mr. Lanza forced his way into the school Friday morning through a plate-glass partition next to a locked front door, possibly by shooting his way through. But why he had done so remained a mystery, despite waves of speculation among survivors, news reporters and law enforcement.

The quaint New England town on Saturday shared stories of heroics, including those of teachers who died trying to save their young charges, while at the same time it convulsed in grief. Some victims' families retreated in silence to mourn, in houses guarded by state police or private security. But some spoke out.

Police say that alleged gunman Adam Lanza, 20, appears to have broken into Sandy Hook elementary School to gain access to the building. Photo: Associated Press.

Standing before TV cameras Friday night, Robbie Parker, 30 years old, held back tears as he spoke of his murdered daughter, 6-year-old Emilie, and offered condolences to the other victims of the massacre.

"This includes the family of the shooter," Mr. Parker said. "I can't imagine how hard this experience must be for you, and I want you to know that our family and our love and our support goes out to you as well."

Dr. H. Wayne Carver, Conn. Chief Medical Examiner delivered a press conference late Saturday after completing examinations of all the children killed in the school shooting in Newtown, Conn Friday. Photo: AP

Miles away, a local official in Kingston, N.H., read a statement from James Champion, Nancy Lanza's brother, who offered condolences but was too overcome to speak.

"The whole family is traumatized by this event," Kingston Police Chief Donald Briggs Jr. said.

The suspect's father, Peter Lanza, issued a statement of condolence Saturday, according to the Associated Press.

"We too are asking why," it read in part. Peter and Nancy Lanza divorced in 2009, according to court records.

The forcible entry helped solve one of the many unanswered questions about the massacre Friday: how a heavily armed young man was able to pass through the locked security doors of an elementary school.

School staff members saw evidence of forced entry as they were ushered out of the school, said Mary Ann Jacob, a clerk at the school library who hid with others in a storage room during the shooting spree. As they left the building, Ms. Jacob said she saw that the plate-glass window next to the building's front door was broken.

But much remained unanswered, and much of what had been assumed in the rush of the crisis turned out to be wrong. It was incorrect, Lt. J. Paul Vance of the Connecticut State Police said, that Mr. Lanza's mother had had any connection to Sandy Hook Elementary, where early reports suggested she had been a teacher.

Law-enforcement officials initially said an assault rifle had been discovered in a car in the school's parking lot. In fact, said Mr. Carver, the medical examiner, it had been the primary weapon used in the killings.

And a television report that Mr. Lanza had been in some form of altercation at the school earlier this week also appeared false, Lt. Vance said.

Investigators were still trying to glean Mr. Lanza's motives, and why he had chosen to attack the school in Sandy Hook. Lt. Vance said investigators at the scene "did produce some very good evidence" that could be used in "hopefully, painting the complete picture as to how—and more importantly why—this occurred."

The investigation unfolded in the middle of a reeling community—decked out with Christmas decorations but packed with strange out-of-town vehicles, police cruisers and news trucks. The school was expected to remain an active crime scene at least through Sunday, said Lt. George Sinko of the Newtown police. Sandy Hook is a village within Newtown.

In addition to the buildings, investigators were searching a large number of vehicles in the parking lot. The suspect's car remained outside the school on Saturday morning.

One of the victims, first-grade teacher Vicki Leigh Soto, 27, died trying to protect the children she loved, her cousin Jim Wiltsie said. When the gunfire started on Friday morning, she gathered her students and tried to hide them in a classroom closet, officials told her family.

"In doing so, she put herself between the kids and the gunman's bullets," said Mr. Wiltsie, who is a police officer. "That's how she was found. Huddled with her children." He said he didn't know if her students were among the dead.

Diane Day, a therapist at the school, was sitting with the principal, a parent and other staff members for a meeting when she heard gunshots.

"At first we heard a bunch of kids scream, and then it was just quiet and all you could hear was the shooting," Ms. Day said Friday.

Principal Dawn Hochsprung and the school psychologist, Ms. Sherlach, both of whom where killed, leapt from their seats and ran out to help, Ms. Day said. "They didn't think twice about confronting or seeing what was going on," she said.

Without a lock to secure the door, a teacher at the meeting pressed her body against the door to hold it shut, Ms. Day said. That teacher was shot through the door in the leg and arm. "She was our hero," Ms. Day said.

Carrie Usher, a fourth-grade teacher, said she believed the principal turned on the campus loudspeaker system, which broadcast sounds of "screaming and crying" through the school to warn others.

Ms. Usher's class, meanwhile, was in the library, and they hid in the closet.

"The gunfire was just unbelievable. It felt like it lasted for five minutes," the teacher said Friday. "It wouldn't stop." No one in her class was hurt.

In the minutes after the shooting stopped, students were taken to a nearby firehouse that became the staging area for anxious parents who quickly streamed to the campus when the news broke. Many remained there until late Friday night, still awaiting word of their missing children, officials said.

There, some were informed of their children's deaths by Connecticut Gov. Dannel Malloy, whom an aide described as "stricken" in delivering the news.

Rabbi Shaul Praver of Congregation Adath Israel in Newtown said that when the governor came in to announce all the children had been killed, not everyone immediately understood, leaving one parent to shout out, "Does that mean my kid is dead or alive?"

Once the governor was clear that all children were killed, Rabbi Praver said some parents were in shock and others erupted into wailing. One man was hitting himself in the head, said Rabbi Praver. "He wanted to roll himself into a ball," he said. "It was just a horrible thing to see a person in that state of mind."

Across the country, some officials turned to issues of policy, including some calling for additional gun-control measures and to focus on treating the mentally ill.

That included some from Connecticut, like Democratic Rep. John Larson, who called for votes on background checks, bans on high-capacity clips and other measures.

"Politics be damned," Mr. Larson said in a statement. "Of the 12 deadliest shootings in our nation's history, half of them have happened in the last five years. And there is not a single person in America who doesn't fear it will happen again."

But it seemed too soon for policy for officials on the ground, said Democratic Rep. Christopher Murphy, who was recently elected to the U.S. Senate but has represented Newtown in the U.S. House for three terms.

"For those of us who are on the ground here, there's no way for us to think about the policy implications right now," Mr. Murphy said. "But I don't begrudge anyone else who's beginning to raise these issues."

"Obviously, this is going to be an awful week," he said, "because we'll begin to have the funerals, and the real grieving will start."

People in the region are "concerned and scared," said Mark Boughton, the mayor of nearby Danbury, where extra police will be on hand Monday morning outside the city's schools to provide reassurance to parents and students.

Mr. Boughton said a bipartisan commitment to funding better treatment for the mentally ill was long overdue, and while he said his city and Newtown had developed effective emergency-management procedures, there was little to stop an unpredictable threat like the one visited on Sandy Hook.

"If somebody shoots the window in, it doesn't matter that you've got a doorbell in front of the door," he said.

—Josh Dawsey, Will James, Lisa Fleisher, Alison Fox and Aaron Zitner contributed to this article.

Write to Ted Mann at ted.mann@wsj.com

Top Democrat will seek new gun law in next Congress - NBCNews.com

Posted: 16 Dec 2012 09:09 AM PST

By Michael O'Brien, NBC News

Friday's school shooting in Connecticut prompted a renewed effort by lawmakers to re-evaluate gun rights, as a top Democrat vowed Sunday to introduce new legislation on the first day of the new Congress next year.

After the unbelievable tragedy in Connecticut, NBC's Pete Williams gives the latest shooter information update, Connecticut Gov. Dannel P. Malloy discusses his state's healing and New York Mayor Michael Bloomberg advocates for reform to gun ownership standards today on Meet the Press.

The massacre at an elementary school in Newtown, Conn. left 28 dead, including 20 students, seven adults and the suspected shooter, leading proponents of gun control to redouble their efforts to seek new regulations. New York City Mayor Michael Bloomberg, an outspoken advocate of gun control, said the issue should now be atop President Barack Obama's second term agenda.

To that end, California Sen. Dianne Feinstein, D, said she intended to introduce a gun control bill on the first day of the next Congress. Paired with a twin version in the House, Feinstein's law would take aim at limiting the sale, transfer and possession of assault weapons, along with the capacity of high-capacity magazines. 

"It can be done," she said on NBC's "Meet the Press." The senator, a proponent of gun control, said she expected Obama to offer his public support for the law. 

California Sen. Dianne Feinstein

A federal ban on assault weapons, first passed in 1994 and signed by President Bill Clinton, expired in 2004. And while Obama has said he favors its reinstatement, the administration has hardly thrown its weight behind such a proposal during his first term. 

The especially grisly shooting in Connecticut — which follows several other high-profile shootings at a movie theater in Aurora, Colo., and outside a Sikh temple in Wisconsin — might now serve as a catalyzing moment in that dormant gun debate. 

"We're going to have to come together and take meaningful action to prevent more tragedies like this, regardless of the politics," Obama himself said on Friday in the aftermath of the Newtown shooting. 

Outspoken proponents of gun control, like Bloomberg, have now begun to pressure the president to speak out more forcefully on the issue. 

A panel of experts on Meet the Press discusses the recent tragic shooting in Connecticut and how lawmakers should go about addressing gun ownership standards.

"It's time for the president to stand up and lead and tell this country what we should do," said the New York City mayor. "This should be his No. 1 agenda."

There are indications that some of the most commonly discussed measures to rein in weapons enjoy some degree of public support. An early August CNN/ORC poll, conducted in the aftermath of the Colorado and Wisconsin shootings, found varying levels of public support for different gun control proposals. Fifty-seven percent of adults, for instance, said they favored a ban on the manufacture, sale and possession of assault weapons, and 60 percent said they supported a ban on the possession of high-capacity ammunition clips. 

But gun owners' groups, like the National Rifle Association, could prove a significant political obstacle to moving any such proposals through Congress. The NRA — which endorsed Obama's Republican opponent, Mitt Romney, during the presidential campaign — remains a formidable political force. The group could target, for instance, Democrats from rural or centrist districts and states for defeat if they were to vote for such a law. 

Bloomberg argued otherwise. "There is this myth that the NRA is so powerful," he said. "Today the NRA's power is so vastly overrated."

In the meantime, the mayor said, Obama could take action through executive orders to strengthen and update the background check system and more aggressively enforce existing laws. 

On Sunday, the president will travel to Newtown to comfort victims' families and thank first responders for their efforts. Obama will also speak at a vigil this evening.

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