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Affin cuts Petronas Gas target price Posted: 25 Nov 2012 06:34 PM PST Affin Investment Bank cut its target price on Petronas Gas Bhd to RM16.60 from RM17.40, citing a project delay which may hurt the company's earnings next year. "We downgrade our earnings per share for the next two years by 7.1 per cent to 16.8 per cent to account for lower-than-expected performance-based income, and to account for a six-month delay in the commissioning of the Melaka regasification terminal," said Affin in a report on Monday. It maintained a "reduce" call on the stock. The company's net profit fell 18.9 per cent to RM310.5 million in the third quarter ended Sept. 30 after revenue from gas processing dropped by almost 30 per cent on lower export volumes. Petronas Gas shares were down 0.53 per cent at RM18.80 as of 10.14am. -- Reuters

Malaysia remain top exporter to Germany Posted: 25 Nov 2012 06:56 PM PST Though its exports to Germany fell sharply in the first half of 2012, Malaysia has asserted its position as the leading exporting nation to Germany among the 10-member Asean regional grouping. Malaysia's exports dwindled by 14.9 per cent to 2.704 billion euros in the first half of this year, down from 3.176 euros in the same period last year. Germany's exports to Malaysia in the same period rose 17.2 per cent to 2.458 billion euros, up from 2.096 billion in the Jan-June period 2011. Although Malaysia has traditionally maintained a surplus in the balance-of-trade account with Germany, the difference is being rapidly reduced,according to the data released by the Hamburg-based Asia-Pacific Business Council. The council is an apex organisation that promotes trade and business between Germany and Asia-Pacific. It is popularly known by its German acronym "OAV". "The decline in Malaysia's exports is due to a number of factors, primarily itcan be attributed to a cautious mood in Germany resulting from the ongoing Europe-wide crisis and a sluggish German economy. "The Euro crisis has, of course, had an impact on general buying by importers but there is also this feeling of wait-and-watch before engaging in any heavy buying," explains Herbert Werner, a German management consultant based outside Cologne, and is familiar with Asia which he frequently visits. German experts feel that Malaysia should do some aggressive marketing in Germany and also encourage Malaysian companies, by extending financial aid, to participate in German trade fairs. The fairs, besides being good hard-selling venues, provide excellent visibility to Malaysian products and services. Indeed, the trade fairs have evolved into strong marketing tools, used bymany Asian countries such as China, India, South Korea and Indonesia, which send large contingents of exhibitors to German fairs. -- Bernama

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Why fires in south Asia kill more than blazes elsewhere - The Guardian Posted: 25 Nov 2012 08:09 AM PST Jason Burke in Delhi and Saad Hammadi in Dhaka Soldiers help carry the bodies of workers killed in the fire at a garment factory in Dhaka. Photograph: Jibon Amir/AP Though the reasons leading to fire at a textile factory in Bangladesh are being investigated as we speak, blazes like the one in Dhaka on Saturday, which killed at least 120 in a garment factory, are sadly all too frequent occurrences around south Asia. In September, in one of the worst incidents of its kind, 289 people died in Pakistan's southern port city of Karachi. The same month, 40 were killed in a fire at a fireworks factory in the southern Indian state of Tamil Nadu. Several factors combine to make death traps of factories across south Asia. In many instances, exits have been padlocked, basements used as store rooms for highly flammable raw materials and no fire escapes installed, while smoke alarms or sprinkler systems are unheard of. Survivors often describe the desperate crush as hundreds rush into narrow corridors filled with clouds of toxic smoke. Fire is a constant hazard in the grossly overcrowded poor neighbourhoods of all emerging world cities. At least 11 people, all women and children, died in a blaze in one of Dhaka's biggest slum communities last week, thought to have started in a rickshaw mechanic's worskshop. There is little proper zoning so industry is sited in the middle of residential areas, often slums which house the workers at the factories. More than 120 people were killed in June 2010 when a fire destroyed six buildings – including a factory — in the Bangladeshi capital . A possible cause was cooking for a wedding. Then there is the lack of preparedness. Fire services in south Asia are poorly equipped and badly trained, and public awareness is limited. "The workers are not trained to use extinguishers. The fire drills performed at the factories are limited to attaining only the benchmark of compliance and audits," said Kalpona Akter, Executive Director of the Bangladesh Centre for Workers' Solidarity (BCWS). Wafer-thin profit margins exacerbate the problem too. After the fire in Karachi, Pakistani manufacturers blamed overseas competition, including from Bangladesh, for the cost-cutting that had contributed to the tragedy there. Babul Akhter, president of the Bangladesh Garments and Industrial Workers' Federation, said mid-level management of the garment factories are mostly concerned with how many clothes can be produced and forget the safety issues. Then there is corruption, endemic in all south Asian nations, which means government inspectors are easily paid off. And the ease of hiring and firing, and mobility of the workforce, means "no employee-employer relationship", according to Subhash Bhatnagar of the Delhi-based Unorganised Workers Association. "There is no sense of safeguarding their wellbeing," he said. The huge construction industry in these booming economies is another major problem. Bhatnagar estimates that hundreds die every year in Delhi alone, and thousands across the rest of India in accidents on work sites. The situation is no better in Bangladesh. At least four workers died on Saturday when a bridge under construction in Chittagong collapsed.

REFILE-UPDATE 1-Egypt stocks plunge after Mursi power grab - Reuters Posted: 25 Nov 2012 09:01 AM PST Sun Nov 25, 2012 11:31am EST (Fixes typo in first paragraph) * Stocks plunge nearly 10 pct on Mursi decree * "We are back to square one" - trader * Activists camp for third day * Judicial Council says decree should apply with limits * Justice minister offers to mediate By Tom Perry and Patrick Werr CAIRO, Nov 25 (Reuters) - Egypt's stock market plunged on Sunday in its first day open since Islamist President Mohamed Mursi's seizure of new powers set off street violence and a political crisis, unravelling efforts to restore stability after last year's revolution. More than 500 people have been injured in protests since Friday, when Egyptians awoke to news Mursi had issued a decree temporarily widening his powers and shielding his decisions from judicial review. Mursi and the judiciary hinted at compromise to avert a full-scale political crisis. The Supreme Judicial Council said Mursi's decree should apply only to "sovereign matters". Although it did not specify what that meant, its statement, read on television, suggested it did not reject his decree outright. It called on judges and prosecutors who have called for a strike to return to work. Mursi's office repeated assurances that the measures would be temporary, and said he wanted dialogue with political groups. "This declaration is deemed necessary in order to hold accountable those responsible for corruption as well as other crimes during the previous regime and the transitional period," the presidency said in a statement. Justice minister Ahmed Mekky, who has said he has some reservations over Mursi's decree, launched an effort to mediate between Mursi and judges. Sunday's stock market fall of nearly 10 percent - halted only by automatic curbs - was the worst since the uprising that toppled Hosni Mubarak in February, 2011. Images of protesters clashing with riot police and tear gas wafting through Cairo's Tahrir Square were an unsettling reminder of that uprising. Activists were camped in the square for a third day, blocking traffic with makeshift barricades. Nearby, riot police and protesters clashed intermittently. Mursi's supporters and opponents plan big demonstrations on Tuesday that could be a trigger for more street violence. "We are back to square one, politically, socially," said Mohamed Radwan of Pharos Securities, an Egyptian brokerage firm. Mursi's late Thursday decree marks an effort to consolidate his influence after he successfully sidelined Mubarak-era generals in August. It reflects his suspicions of a judiciary little reformed since the Mubarak era. Issued just a day after Mursi received glowing tributes from Washington for his work brokering a deal to end eight days of violence between Israel and Hamas, the decree drew warnings from the West to uphold democracy. Washington has leverage because of billions of dollars it sends in annual military aid. "The United States should be saying this is unacceptable," former presidential nominee John McCain, ranking Republican on the Senate Armed Services Committee, said on Fox News. "We thank Mr. Mursi for his efforts in brokering the cease fire with Hamas.... But this is not what the United States of America's taxpayers expect. Our dollars will be directly related to progress toward democracy." Forged out of the once-banned Muslim Brotherhood, the Mursi administration has defended his decree as an effort to speed up reforms that will complete Egypt's democratic transformation. Yet leftists, liberals, socialists and others say it has exposed the autocratic impulses of a man once jailed by Mubarak. "There is no room for dialogue when a dictator imposes the most oppressive, abhorrent measures and then says 'let us split the difference'," prominent opposition leader ElBaradei said on Saturday in an interview with Reuters and the Associated Press. Floating one possible way out of the crisis, political scientist Moataz Abdelfattah said he had told Mursi's advisors that the president should issue an "explanatory memo" outlining what he would and would not do with the decree. WARNINGS FROM WEST Investors had grown more confident in recent months that a legitimately elected government would help Egypt put its economic and political problems behind it. The stock market's main index had risen 35 percent since Mursi's victory. It closed on Sunday at its lowest level since July 31. Political turmoil also raised the cost of government borrowing at a treasury bill auction on Sunday. "Investors know that Mursi's decisions will not be accepted and that there will be clashes on the street," said Osama Mourad of Arab Financial Brokerage. Just last week, investor confidence was helped by a preliminary agreement with the International Monetary Fund over a $4.8 billion loan needed to shore up state finances. Mursi's decree removes judicial review of decisions he takes until a new parliament is elected, expected early next year. It also shields the Islamist-dominated assembly writing Egypt's new constitution from a raft of legal challenges that have threatened it with dissolution, and offers the same protection to the Islamist-controlled upper house of parliament. "I am really afraid that the two camps are paving the way for violence," said Hassan Nafaa, a professor of political science at Cairo University. "Mursi has misjudged this, very much so. But forcing him again to relinquish what he has done will appear a defeat." Many of Mursi's political opponents share the view that Egypt's judiciary needs reform. Mursi's new powers allowed him to sack the prosecutor general, a holdover from the Mubarak era who is unpopular among reformists of all stripes. But his liberal critics see the decree as a threat to democracy. "What is confusing is that it seems the revolutionaries are meshing with the remnants of the old regime," said Nafaa. (Additional reporting by Yasmine Saleh in Cairo and Philip Barbara in Washington; Editing by Peter Graff)

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Morsi Urged to Retract Edict to Bypass Judges - New York Times Posted: 24 Nov 2012 09:06 AM PST By DAVID D. KIRKPATRICK Published: November 24, 2012 CAIRO — Egyptian judges and prosecutors struck back on Saturday against an attempt by President Mohamed Morsi to place his decrees above judicial review, vowing to challenge his edict in court and reportedly going on strike in Alexandria. Abdel Meguid Mahmoud, a prosecutor whom Mr. Morsi is seeking to fire, declared to a crowd of cheering judges at Egypt's high court that the presidential decree was "null and void." Mr. Mahmoud, who was appointed by Mr. Morsi's predecessor, Hosni Mubarak, denounced "the systematic campaign against the country's institutions in general and the judiciary in particular." Outside the court, the police fired tear gas at protesters who were denouncing Mr. Morsi and trying to force their way into the building. The judicial backlash widened a power struggle over the drafting of a new constitution that has raised alarms about a return to autocracy 22 months after the ouster of Mr. Mubarak. Mr. Morsi, the Islamist who became Egypt's first elected president in June, is seeking to assert an authority unchecked by judicial review to forestall a court ruling expected on Dec. 2 that could disband the constitutional assembly and extend by two months the year-end deadline for that body to finish its work. A high court dissolved an earlier assembly that was to draft a constitution last spring, and Mr. Morsi's supporters accuse their secular opponents and judges appointed by Mr. Mubarak of trying to delay or derail the transition to democracy to prevent the Islamist majority from taking power. The president's opponents, in turn, accuse Mr. Morsi of seizing unchecked authority, noting that he holds executive and legislative power under a vague patchwork of interim constitutional declarations put in place by the military leaders who managed the first 18 months of Egypt's post-Mubarak transition. The Supreme Constitutional Court dissolved the Islamist-dominated Parliament on the eve of Mr. Morsi's election. A council that oversees the judiciary on Saturday denounced Mr. Morsi's decree, which was issued Thursday, as "an unprecedented attack" on its authority, and urged the president to retract the aspects of the decree circumscribing judicial oversight. State news media reported that judges and prosecutors walked out in Alexandria, and there were other news reports of walkouts in Qulubiya and Beheira, but those could not be confirmed. In Cairo on Saturday, a coalition of secular opposition leaders and parties called for Mr. Morsi to withdraw his decree and disband the constituent assembly. The groups have long complained about the body's domination by Islamists. On Friday night their supporters set up a tent city for an open-ended sit-in in Tahrir Square, the center of the Egyptian revolt, and the groups have called for a demonstration there on Tuesday. The Muslim Brotherhood, the Islamist group allied with Mr. Morsi, has called for demonstrations Sunday and Tuesday to support his moves as an effort to speed up Egypt's transition to a constitutional democracy. Near the square, a few hundred young men engaged in an unrelated battle with the police that has been going on for more than five days. They are demanding retribution against security officers who killed more than 40 people and blinded others with birdshot in clashes a year ago. The protesters had hung a yellow banner across the street declaring "No Entry to the Brotherhood." They blame the Muslim Brotherhood for failing to back them during last year's protests. On Saturday, most appeared unconcerned, if cynical, about Mr. Morsi's decree, though some approved of his efforts to fire the Mubarak-appointed prosecutor and retry officials previously acquitted in the killings. "A drop of honey in a pool of poison," said Hassan el-Masry, 19, who lost an eye during last year's clashes. Nevine Ramzy and Mai Ayyad contributed reporting.

Brash Boxer 'Macho' Camacho Dies in Puerto Rico - ABC News Posted: 24 Nov 2012 08:58 AM PST Hector "Macho" Camacho was a brash fighter with a mean jab and an aggressive style, launching himself furiously against some of the biggest names in boxing. And his bad-boy persona was not entirely an act, with a history of legal scrapes that began in his teens and continued throughout his life. Camacho died Saturday in the Puerto Rican town where he was born, a little more than three days after at least one gunman crept up to the car in a darkened parking lot and opened fire on the boxer and a friend. No arrests and have been made, and authorities have not revealed many details beyond the facts that police found cocaine in the car and that the boxer and his friend, who was killed at the scene, had no idea the attack was coming. "Apparently, this was a surprise," said Alex Diaz, a police spokesman. Camacho, who was 50, remained unconscious at the Centro Medico trauma center in San Juan until Saturday, when doctor's removed him from life support at his family's direction. The former world champion is remembered both for his skill and flamboyance in the ring, one of the top fighters of his generation, and a messy personal life that seemed to dog him until the end. Originally from Bayamon, just outside San Juan, Camacho was long regarded as a flashy if volatile talent, a skilled boxer who was perhaps overshadowed by his longtime foil, Mexican superstar Julio Cesar Chavez, who would beat him in a long-awaited showdown in Las Vegas in 1992. Camacho fought professionally for three decades, from his humble debut against David Brown at New York's Felt Forum in 1980 to an equally forgettable swansong against Saul Duran in Kissimmee, Florida, in 2010. In between, he fought some of the biggest stars spanning two eras, including Sugar Ray Leonard, Felix Trinidad, Oscar De La Hoya and Roberto Duran. "Hector was a fighter who brought a lot of excitement to boxing," said Ed Brophy, executive director of International the Boxing Hall of Fame. "He was a good champion. Roberto Duran is kind of in a class of his own, but Hector surely was an exciting fighter that gave his all to the sport." Camacho's family moved to New York when he was young and he grew up in Spanish Harlem, which at the time was rife with crime. Camacho landed in jail as a teenager before turning to boxing, which for many kids in his neighborhood provided an outlet for their aggression. "This is something I've done all my life, you know?" Camacho told The Associated Press after a workout in 2010. "A couple years back, when I was doing it, I was still enjoying it. The competition, to see myself perform. I know I'm at the age that some people can't do this no more." Former featherweight champion Juan Laporte, a friend since childhood, described Camacho as "like a little brother who was always getting into trouble," but otherwise combined a friendly nature with a powerful jab. "He's a good human being, a good hearted person," Laporte said as he waited with other friends and members of the boxer's family outside the hospital in San Juan after the shooting. "A lot of people think of him as a cocky person but that was his motto ... inside he was just a kid looking for something." Laporte lamented that Camacho never found a mentor outside the boxing ring. "The people around him didn't have the guts or strength to lead him in the right direction," Laporte said. "There was no one strong enough to put a hand on his shoulder and tell him how to do it."

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US stocks rally on Black Friday sales Posted: 23 Nov 2012 05:07 PM PST NEW YORK: US stocks rallied Friday on signs that the holiday shopping season was off to a good start, with retail behemoth Walmart calling it the "best ever" Black Friday. The Dow Jones Industrial Average added 172.79 points (1.35 percent) at 13,009.68. The broad-market S&P 500 index advanced 18.12 (1.30 percent) to 1,409.15, while the Nasdaq Composite climbed 40.30 (1.38 percent) to 2,966.85. Stocks built on strong opening gains amid thin volumes in the holiday-shortened session, which closed three hours earlier than usual at 1:00 pm (1800 GMT). US markets had been shut Thursday in observance of the Thanksgiving holiday. Retail stocks were in focus on Black Friday, the traditional discount sales day that kicks off the holiday shopping season. "Equities were higher today, with optimism regarding the holiday shopping season aided by a statement from Dow member Wal-Mart Stores Inc calling the day its 'best ever,'" Charles Schwab & Co. analysts said. Hewlett-Packard was the biggest Dow gainer, adding 4.2 percent, followed by Microsoft, up 2.8 percent. Dow member Wal-Mart jumped 1.9 percent. The world's biggest retailer reported strong sales Black Friday, despite strikes and protests by unhappy employees. Earlier Walmart's Indian unit announced it had suspended several employees as part of an internal bribery probe. Big-box rival Target was up 1.2 percent, Macy's gained 1.8 percent and Saks jumped 3.1 percent. Research in Motion soared 13.7 percent after an analyst upwardly revised sales estimates for the new BlackBerry 10, due in January. General Motors climbed 2.5 percent. Its finance arm announced late Wednesday that it had struck a deal to buy Ally Financial's European, Latin American and Chinese operations for about $4.2 billion. On Wednesday, stocks made modest gains in light pre-Thanksgiving trade after Israel and Hamas reached a cease-fire agreement. -- AFP

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Gaza truce holding even after Palestinian death - Christian Science Monitor Posted: 23 Nov 2012 09:06 AM PST Crowds have been massing at the border between Israel and Gaza, and Israeli soldiers killed a man they said was trying to cross the border. By Karin Laub and Sarah El Deeb, The Associated Press / November 23, 2012 A Hamas police officer keeps Palestinians from approaching the Gaza-Israel border on Friday. One man was killed by Israeli soldiers during an attempted border crossing, testing the day-old ceasefire. Bernat Armangue/AP Enlarge Israeli troops fired Friday to push back Gaza crowds surging toward Israel's border fence with the Hamas-ruled territory, killing one Palestinian and wounding 19 in the first violence since a truce between Israel and Hamas took hold a day earlier. Skip to next paragraph ' + google_ads[0].line2 + ' ' + google_ads[0].line3 + ' '; } else if (google_ads.length > 1) { ad_unit += ''; } } document.getElementById("ad_unit").innerHTML += ad_unit; google_adnum += google_ads.length; return; } var google_adnum = 0; google_ad_client = "pub-6743622525202572"; google_ad_output = 'js'; google_max_num_ads = '1'; google_feedback = "on"; google_ad_type = "text"; google_adtest = "on"; google_image_size = '230x105'; google_skip = '0'; // --> Subscribe Today to the Monitor Click Here for your FREE 30 DAYS of The Christian Science Monitor Weekly Digital Edition Hamas security tried to defuse the situation and keep the crowds away from the border, signaling the incident is unlikely to jeopardize the Egyptian-brokered cease-fire. The truce, which calls for an end to Gaza rocket fire on Israel and Israeli airstrikes on Gaza, came after eight days of cross-border fighting, the bloodiest between Israel and Hamas in four years. On Friday, hundreds of Palestinians approached Israel's border fence in several locations in southern Gaza. In the past, Israel's military barred Palestinians from getting close to the fence, and soldiers routinely opened fire on violators to enforce a 300-meter-wide no-go zone meant to prevent infiltrations into Israel. Since the cease-fire, growing numbers of Gazans have entered the no-go zone, testing expectations that such restrictions would now be lifted. In one incident captured by Associated Press video, several dozen Palestinians, most of them young men, approached the fence, coming close to a group of Israeli soldiers standing on the other side. Some Palestinians briefly talked to the soldiers, while others appeared to be taunting them with chants of "God is Great" and "Morsi, Morsi," in praise of Egyptian President Mohammed Morsi, whose mediation led to the truce. At one point, a soldier shouted in Hebrew, "Go there, before I shoot you," and pointed away from the fence, toward Gaza. The soldier then dropped to one knee, assuming a firing position. Eventually, a burst of automatic fire was heard, but it was not clear whether any of the casualties were from this incident. Most of those approaching the fence were young men, but the crowds also included farmers hoping they could once again farm lands in the buffer zone. Speaking by phone from the buffer zone, 19-year-old Ali Abu Taimah said he and his father were checking three acres of family land that have been fallow for several years. "When we go to our land, we are telling the occupation (Israel) that we are not afraid at all," he said. Gaza health official Ashraf al-Kidra said a 20-year-old man was killed and 19 people were wounded by Israeli fire near the border. Israel's military said roughly 300 Palestinians approached the security fence at several locations in southernGaza, tried to damage it and cross into Israel. Soldiers fired warning shots in the air to distance the Palestinians from the fence, but after they refused to move back, troops fired at their legs, the military said. It also said a Palestinian infiltrated into Israel in the course of the unrest, but he was returned to Gaza. The truce allowed both Hamas and Israeli Prime Minister Benjamin Netanyahu to step back from the brink of a full-fledged war. Over eight days, Israel's aircraft carried out some 1,500 strikes on Hamas-linked targets, whileGaza fighters peppered Israel with roughly the same number of rockets. The fighting killed 166 Palestinians, including dozens of civilians, and six Israelis. In Cairo, Egypt is hosting separate talks with Israeli and Hamas envoys on the next phase of the cease-fire — a new border deal for blockaded Gaza. Hamas demands lifting of all border restrictions, while Israel insists that Hamas must halt weapons smuggling to the territory. In Israel, a poll showed that about half of Israelis think their government should have continued its military offensive against Hamas. The independent Maagar Mohot poll released Friday shows 49 percent of respondents feel Israel should have kept going after squads that fire rockets into Israel. Thirty-one percent supported the government's decision to stop. Twenty percent had no opinion. Twenty-nine percent thought Israel should have sent ground troops to invade Gaza. The poll of 503 respondents had an error margin of 4.5 percentage points. The same survey showed Netanyahu's Likud Party and electoral partner Israel Beiteinu losing some support, but his hard-line bloc would still able to form the next government. Elections are Jan. 22.

Dueling demonstrations in Egypt - Washington Post Posted: 23 Nov 2012 09:13 AM PST Together again Millions of Americans were expected to travel over the long holiday weekend, and Reagan National Airport was awash in family reunions the day before Thanksgiving. Day in photos Chinese farmer becomes female fashion model, New Zealand volcano, Israeli-Gaza conflict and more. Animal views World's smallest deer, eagles, a white crow, rescue dogs and more. Eye on entertainment Nicki Minaj, Selena Gomez, Pitbull, Helen Mirren, Lindsay Lohan, Matthew Broderick and other celebrities.

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KL shares remain bearish at mid-morning Posted: 22 Nov 2012 07:10 PM PST KUALA LUMPUR: Share prices on Bursa Malaysia remained lower at mid-morning today, weighed down by losses in bluechip counters, dealers said. At 11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 4.49 points lower at 1,614.06, after opening at 1,618.69. The Finance Index lost 16.74 points to 14,956.41, the Plantation Index fell 11.79 points to 7,880.10, and the Industrial Index eased 3.08 points to 2,770.99. The FBM Emas Index was down 29.95 points to 11,023.52 and the FBM Mid 70 Index fell 23.85 points to 12,139.50, while the FBM Ace rose 20.69 points to 4,265.18. Decliners outnumbered advancers by 262 to 133, while 258 counters were unchanged, 1,648 untraded and 26 others suspended. Turnover stood at 215.82 million shares worth RM242.45 million. Among actives, KNM Group-WA and Takaso Resources lost half-a-sen each to 11 sen and 26.5 sen respectively, while JCY-CJ was flat at half-a-sen. Of the heavyweights, Maybank and Sime Darby was both flat at RM9.00 and RM9.55, respectively, while CIMB lost one sen to RM7.66. -- BERNAMA

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For Israel's Netanyahu, cease-fire has benefits and risks - Washington Post Posted: 22 Nov 2012 08:28 AM PST JERUSALEM — The domestic criticism started pouring in almost as soon as Israel's cease-fire with Hamas was inked Wednesday night. Prime Minister Benjamin Netanyahu had waved a white flag and left the job unfinished, the opposition howled. A television snap poll found a large majority of the public did not support the Egypt-brokered truce. Even so, many Israeli analysts said that for Netanyahu, a hawkish and shrewd politician who is seeking reelection in two months, the abrupt end to the eight-day hostilities in the Gaza Strip carried as many political benefits as risks. Although he has long vowed to safeguard Israel from terrorism, Gaza was never Netanyahu's battle. If the cease-fire holds — a major if — Netanyahu now has several weeks to turn domestic and international focus back to his signature security issue: Iran.

Lynn Sweet: Jesse Jackson Jr.'s agony: He couldn't escape father's shadow - Chicago Sun-Times Posted: 22 Nov 2012 08:31 AM PST BY LYNN SWEET Twitter: @lynnsweet November 21, 2012 8:14PM U.S. Rep. Jesse Jackson Jr.'s desk in Washington D.C. | Lynn Sweet~Sun-Times Media Updated: November 22, 2012 2:26AM WASHINGTON — The House office suite here of now-former Rep. Jesse Jackson Jr. is a monument to his better days, what was and what might have been. Jackson quit Congress on Wednesday, battling health issues and a federal criminal probe centered on his campaign funds. He hasn't been to his Rayburn Building office since he vanished in June, eventually landing in Mayo Clinic to treat his bipolar depression. His desk is frozen as he left it — with two computers and, under the glass, a Chicago Sun-Times front page from May 22, 2007, featuring the swearing-in of his wife, Sandi, as a Chicago alderman as Jackson and their two kids looked on. A deer with antlers he bagged is mounted on a wall, along with photos from the hunt of Jackson kneeling proudly with his kill. There is a framed Sports Illustrated spread of Jackson holding a football, ready to leap, seemingly, over the Capitol Dome, and a picture of him and Mother Teresa. He's shaking hands with Al Gore in one picture, smiling with Stevie Wonder and Dolly Parton in another. The most telling for me is Jackson standing behind Nelson and Winnie Mandela — his arm stretched and his fist clenched with them in a salute. The very day the great South African leader was released from prison near Cape Town in 1990, Jackson somehow got in the picture. He was there, of course, because of his father, the Rev. Jesse L. Jackson. Jackson's blessing and curse is to be the namesake son of a famous self-made man. I always sensed his agaony was that he could never get out of the shadow of his father. Part of that he brought on himself, by going into the family business: politics. In Congress, he landed a plum assignment on the Appropriations Committee as a hat tip to his dad. He was a hard worker, a consistent progressive vote with some obsessions. A minor one was getting to the State of the Union speech each year hours early so he could get an aisle seat visible on TV as he jumped out to greet the president. Jackson was consumed with building an airport at Peotone. I remember our first interview after he came to Congress in 1995. We talked about his growing up. I was struck that almost every job he had was because he was his father's son. My sense is he was very pained during Barack Obama's first presidential run. He was a co-chair, but the campaign did not make him a high-profile surrogate. Though Jackson resigned on Wednesday, he has been sidelined and muzzled since Dec. 9, 2008 — when then-Gov. Rod Blagojevich was arrested. Jackson, who was angling for Blagojevich to appoint him to the Senate spot Obama had held, was implicated in the Blagojevich scheme to "sell" the seat. That cloud never lifted. Besides sending his resignation letter to House GOP and Democratic leadership, Jackson copied it only to: Rep. Maxine Waters (D-Calif.), who has known him since he was a kid through his dad; the present and incoming Congressional Black Caucus chairs, and colleagues Danny Davis and Bobby Rush, the other African Americans in the Illinois delegation, who have always given Jackson the benefit of the doubt. There's one other picture on Jackson's office wall that caught my attention. Jackson and his father bracket former President George H.W. Bush and his wife, Barbara. Wrote Bush, "Good luck in your exciting life ahead." It was for awhile. But not for now.

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