Jumaat, 4 Januari 2013

NST Online Business Times : latest

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NST Online Business Times : latest


US stocks gain on firm economic data

Posted: 04 Jan 2013 06:11 PM PST

NEW YORK: US stocks closed higher Friday, with the S&P 500 hitting its highest level in five years, helped by a steady December jobs report and a surprise improvement in a key index for the service sector.

The December job creation numbers came in at a modest 155,000, not enough to spark great optimism but showing strength given the unsteady political policy climate of recent months.

In addition the latest ISM index on the service sector showed unexpected growth in December, the fastest in 10 months, led by new orders and employment.

That helped the Dow Jones Industrial Average finish up 43.85 points (0.33 per cent) at 13,435.21.

The broad-based S&P 500 advanced 7.10 points (0.49 per cent) to 1,466.47, its highest close since December 31, 2007.

The tech-heavy Nasdaq Composite inched up just 1.09 (0.04 per cent) to 3,101.66, held back by a 2.8 per cent fall in Apple shares.

Investors showed mixed feelings about the jobs data -- the unemployment rate stayed stuck at 7.8 per cent -- but it was seen as more positive than negative.

"While a 150,000-170,000 per month trend in payrolls is far from booming, it is strong enough over time to keep the unemployment rate moving down," said Jim O'Sullivan, chief US economist at High Frequency Economics.

Google added 2.0 per cent after US regulators ended Thursday a lengthy antitrust probe, saying there was not enough evidence to show the Internet giant manipulated its search results to harm its competitors.

Pharmaceutical firm Eli Lilly jumped 3.7 per cent after issuing a 2013 earnings forecast that exceeded expectations.

Research in Motion gained 4.2 per cent as interest builds in its release at the end of this month of its new BlackBerry 10 technology.

Financial shares were strong, with Citigroup gaining 2.5 per cent and Goldman Sachs 2.7 per cent.

Oil rig operator Transocean leaped 5.3 per cent, extending Thursday's gain after agreeing to pay the United States US$1.4 billion for its role in the 2010 Deepwater Horizon disaster in the Gulf of Mexico.

Major losers included Microsoft (-1.9 per cent), apparel chain Lululemon Athletica (-4.2 per cent) and Qualcomm (-1.5 per cent). -- AFP

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Steubenville High Athletes Drunkenly Mock Teen Rape Victim - TheGloss

Posted: 02 Jan 2013 04:07 PM PST

Last summer, a 16-year-old girl got drunk and passed out at a house party before being attacked by Steubenville High athletes Trent Mays and Ma'lik Richmond. They took multiple explicit photos with their cellphones and even carried the victim to other parties, assaulting her repeatedly over the span of several hours.

It gets worse.

Apparently several of the high school's athletes were involved. Though they weren't charged along with Mays and Richmond, they did call themselves "the rape crew" and helped take and disseminate the photos. Anonymous staged protests and threatened to expose the boys–publishing names, social security numbers, addresses, relatives, and phone numbers–if they didn't apologize by January 1st.

It's January 2nd, which brings us to this astonishing 12-minute video of intoxicated Steubenville high school athletes ridiculing the victim.

All 12 minutes center around the group's drunken jeering, though the main speaker is identified by the video's poster as Michael Nodianos. Watch as they crack themselves up at the idea of the victim being dead: deader than a "doornail," "deader than" JFK, Chris Henry, OJ's wife, Caylee Anthony, and Trayvon Martin, amongst others.

"She is so raped," Nodianos adds, "Her puss is about as dry as the sun right now."

Jezebel's Katie J. M. Baker took the time to transcribe some of this bile:

At around 4:15, one of his friends says, "That's not cool bro" and "That's like rape. It is rape. They raped her."

He starts cracking up and riffs on that too: "They raped her quicker than Mike Tyson!" and "they raped her more than the Duke lacrosse team!"

"What if that was your daughter?" one guy says. "But it isn't," he says.

Other choice quotes include: "It isn't really rape because you don't know if she wanted to or not" and "what if she was pregnant and gave birth to a dead baby?"

Nodianos, by the way, is the one who tweeted a play-by-play of the rape:

nodidamus

What else is there to say, really? Other than that it's always terrible to be reminded that people like this exist.

The video's poster is already receiving violent threats, predictably.

(This original version of this post misidentified the victim; it's been updated throughout)

Economy Adds 155000 Jobs - Wall Street Journal

Posted: 04 Jan 2013 08:14 AM PST

Article Excerpt

U.S. employers closed out 2012 by maintaining the relatively slow pace of job creation seen over the past two years, brushing off the threat of higher taxes and government spending cuts hanging over the economy.

Nonfarm payrolls rose by 155,000 in December, while the unemployment rate remained at 7.8% after an upward revision to the November figure, the Labor Department said Friday. Workers' earnings improved, helping to prop up the holiday shopping season. The labor force rebounded by 192,000 after a November drop tied to superstorm Sandy, though overall improvement in the labor market remained weak. Economists surveyed by Dow ...

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