Ahad, 12 Januari 2014

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FTSE Bursa Malaysia update: 10.30am

Posted: 12 Jan 2014 06:33 PM PST

At 10.30am today, there were 325 gainers, 260 losers and 248 counters traded unchanged on the Bursa Malaysia.

The FBM-KLCI was at 1,836.10 up 9.49 points, the FBMACE was at
5,994.40 up 33.22 points, and the FBMEmas was at 12,717.09 up 57.64 points.

Turnover was at 674.981 million shares valued at RM359.745 million.-- Bernama

KL shares traded firmer in early session

Posted: 12 Jan 2014 06:16 PM PST

Share prices on Bursa Malaysia were firmer in the early session today after opening slightLy lower on profit-taking.

Thirty three minutes after trading, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.84 points to 1,833.45 after opening at 1,825.42.

Dealers said the key FBM KLCI will probably range-bound with a marginal upward bias today.

On the chart, the benchmark index could pull away further from the immediate support level of 1,825 towards the resistance threshold of 1,840.

On the scoreboard, the Finance Index firmed 59.77 points to 16,790.789, the Plantation Index rose 25.91 points to 8,650.26 and the Industrial Index was 3.08 points higher at 3,090.49.

The FBM Emas Index surged 46.41 points to 12,705.85, the FBMT100 Index perked 45.55 points to 12,405.5, the FBM Ace garnered 32.86 points to 5,994.04, with the FBM 70 gaining 49.14 points to 14,142.67.

Gainers outnumbered losers by 264 to 153, with 1,143 counters unchanged.

Turnover amounted to 314.6 million shares worth RM155.5 million.

Among actives, Minetech Resources earned 1.5 sen to 22.5 sen, Iris Corporation inched up 2.5 sen to 40.5 and Malaysia Airlines added half-a-sen to 31.5 sen.

Heavyweights, Maybank added two sen to RM9.83, Tenaga gained 16 sen to RM11.74, Axiata and CIMB were flat at RM6.75 and RM7.30, respectively.-- Bernama

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What did West Virginia officials know? - MSNBC

Posted: 12 Jan 2014 08:59 AM PST

West Virginia authorities were aware of the hazardous chemicals stored at Freedom Industries' facilities long before Thursday's chemical spill, a newly released document reveals.

According to the Charleston Gazette, Freedom Industries, the company at the center of the massive spill, filed the required "Tier 2" form with the state back in February informing officials that one million pounds of the coal-cleaning chemical 4-methylcyclohexanemethanol (MCHM) were being stored in tanks at the Etowah River Terminal along the now-polluted Elk River.

Under the federal Emergency Planning and Community Right to Know Act, Freedom Industries was required to alert the state of the presence of hazardous chemicals at its facilities so authorities and emergency responders were aware of the potential risks.

"Obviously, the whole idea of the chemical inventory reports is to properly inform local emergency officials about the sorts of materials they might have to deal with," chemical safety expert Fred Millar said, according to the Gazette. "It's just head-in-the-sand to be ignoring this type of threat."

Officials seemed surprised to learn that MCHM was being stored in Freedom Industries' facilities, and they did not appear to have an emergency plan in place to respond to the spill. "This was not a chemical we were familiar with," West Virginia American Water Company spokesperson Laura Jordan told the Wall Street Journal Saturday. 

At Friday's press conference, West Virginia Gov. Earl Ray Romblin called the spill "unacceptable," and is continuing to advise residents not to use tap water. As many as 300,000 residents remain without potable water as officials continue to investigate how the leak occurred. The West Virginia Poison Center by Saturday morning logged nearly 800 calls from residents reporting symptoms of nausea, vomiting, dizziness, headaches, and skin irritation.

Ariel Sharon lies in state as Israeli public tell their stories of his life - Telegraph.co.uk

Posted: 12 Jan 2014 08:48 AM PST

Mr Sharon, who died on Saturday after spending the last eight years of his life in a coma following a devastating stroke, will be buried at his ranch in the Negev desert next to the grave of his late wife, Lily.

Israelis of all ages – including schoolchildren too young to recall Mr Sharon's career – gave a variety of reasons for paying homage to one of Israel's most controversial figures. Some acknowledged that the former prime minister had made serious mistakes, such as the 1982 invasion of Lebanon that led to the massacre of Palestinians at Sabra and Shatila refugee camps by Christian forces allied to Israel. But many agreed that he showed a strength of leadership unique in their country's 65-year history.

"He was a great man. He did a lot of things that were good for the country and maybe some things that were not good," said Ronen Yekutieal, 25, a law student from Holon, near Tel Aviv. "He was the last real leader that grew up here and there will be no other leader like him in the years ahead."

"As a leader, as a politicians and as a Zionist, he was a symbol. He was part of the history of this country," said Daniel Bergfeld, 44, a web designer from Jerusalem, who had allowed to his 12-year-old son, Gad, a day off school to attend.

Perhaps the most unusual mourner was Yehudi Dudevani, 69, a former brigadier-general who served under Mr Sharon in the Israeli paratroopers.

Mr Dudevani said his father, Moshe, had fought alongside Mr Sharon at Latrun, near Jerusalem, during Israel's 1948 War of Independence, when they were the commanders of parallel regiments.

Both men were wounded in the fighting, but while Mr Sharon allowed himself to be removed from the battlefield, Mr Dudevani snr insisted on staying with his comrades and perished. He was given a military funeral after his remains were discovered 50 years later.

His son kept his own identity hidden from Mr Sharon, despite being in frequent contact, until they met at the Knesset after both had left the army.

"When I told him who my father was his hands starting shaking and he broke out in a sweat," said Mr Dudevani. "Then he told me the most important thing in my life. He said, 'I was wounded and left my injured men in the field. Your father was injured and stayed with his men. The most important message I can give to the army is what your father did. He symbolises the message that we don't leave injured men in the field.'

"He was criticising himself for what he didn't do. That's why I'm here today."

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Insight: A man of war, was Sharon the last leader able to bring peace? - Reuters

Posted: 11 Jan 2014 08:23 AM PST

Israeli Prime Minister Ariel Sharon smiles as he speaks during the weekly cabinet meeting at his Jerusalem office in this January 2, 2005 file photo. REUTERS/Kevin Frayer/Pool/Files

Israeli Prime Minister Ariel Sharon smiles as he speaks during the weekly cabinet meeting at his Jerusalem office in this January 2, 2005 file photo.

Credit: Reuters/Kevin Frayer/Pool/Files

(Reuters) - As Israel prepares to bury former Prime Minister Ariel Sharon, it might also be saying goodbye to the last man capable of enacting the sort of tough decisions needed to secure peace with the Palestinians.

Eight years after a stroke pitched him into a coma, Israelis and Palestinians continue to grope for a deal in terms bequeathed by Sharon, a war hero at home and a war criminal to Arabs, a hawkish prophet of settlement on occupied land who dramatically gave up Gaza in what he called a bid for peace.

Prime Minister Benjamin Netanyahu, who replaced Sharon as head of the right-wing Likud when the party rebelled in 2005 against the withdrawal of settlers from the Gaza Strip, has since endorsed relinquishing land for peace, in principle - a minimal condition for any accord with the Palestinians.

Surveys show as many as two Israelis in three could accept a Palestinian state in the West Bank and Gaza, on lines first promoted after U.S.-brokered talks by left-wing, Labour leaders - notably Yitzhak Rabin, another war hero, who was assassinated by a fellow Israeli in 1995 for offering to end the occupation.

But Netanyahu's current struggles to run a coalition that includes hardliners who oppose giving up any territory suggest Israel lacks a leader with "Bulldozer" Sharon's credentials to persuade, or bully, settlers to quit most of the West Bank.

As housing minister in the 1990s, Sharon was behind many Jewish settlements that dot the West Bank, which was captured in the 1967 war. The security barrier he ordered to be built in 2005 is still under construction through occupied land. His uncompromising vision of Israeli security remains in place.

Yet at the same time, his shock move to drag Israeli settlers - in some cases literally - from the Gaza Strip showed to many that Israel could roll back its occupation, given sufficiently robust leadership.

"His defeat of the settlers might be the most important aspect of his legacy," said David Landau, the former editor of the liberal newspaper Haaretz, whose biography of Sharon, "Arik", is due to be published later this month.

"Before the Gaza disengagement there was serious apprehension that the settlers might be able to prevent a government from doing what it wanted. ... The memory of what happened leaves intelligent people here to have confidence and conviction that the state is ultimately the main power."

STATURE

However, Sharon, who died on Saturday aged 85, had unique standing within Israel that helped him drive through change by dint of his personality - a decorated soldier who played a decisive role in every war since Israel's founding in 1948.

He was reviled in the Arab world, particularly for his role in the 1982 refugee camp massacres in Beirut following Israel's invasion of Lebanon. But his superhawk image gave him a stature at home that successors could not match.

"Sharon was the last leader of the 1948 generation with a long, illustrious military career. He had the moral authority needed to push through very painful decisions," said Raanan Gissin, who was a senior aide to Sharon.

"We don't have those sort of people around today."

When illness felled him, Sharon was on course to win an imminent general election and although he himself categorically denied it at the time, aides say he had been planning further unilateral withdrawals from the West Bank.

"We would have started taking certain measures in the West Bank under a project known as the realignment plan," said Dov Weisglass, chief of staff when Sharon was prime minister.

"If Sharon had stayed well, we would be closer to peace today. No question."

Weisglass was famously quoted in 2004 saying the unilateral withdrawal from Gaza was a way to "freeze" bilateral talks with the Palestinians, though he later said peace remained the goal.

Palestinians ridicule the idea of Sharon as a peacemaker. They remember him as a ruthless tactician and blame him for sparking the second Palestinian Intifada (uprising) with a provocative visit to Jerusalem's al Aqsa mosque plaza in 2000.

When the evacuated Gaza Strip became an arena for faction-fighting and Hamas Islamist rule, hobbling their negotiators, many Palestinians saw that paralysis as part of Sharon's plan.

"He was instrumental in the expansion of settlements and the Gaza disengagement was just meant to consolidate the Israeli occupation of the West Bank," said Ghassan Khatib, an academic and former Palestinian minister.

"In all his history, he played a negative role here."

Israeli analysts say Sharon's about-turn on Gaza showed he had realized the occupation represented a long-term threat to the Jewish state and had to be wound down. His deputy, Ehud Olmert, forged ahead enthusiastically with the peace process when he took over as prime minister, and ended up offering the Palestinians more concessions than any Israeli before him.

But two years later a corruption scandal cost Olmert his job and any immediate prospects of a deal disappeared with him.

When Likud won an election in early 2009, Netanyahu apparently persuaded Washington that the starting point for renewed talks should not be the unofficial Olmert offer.

Instead, the reference point was a document given to Sharon in 2004 by U.S. President George W. Bush. Crucially, it said "new realities on the ground" had to be taken into account - a clear nod to Israel's ever-expanding Jewish settlements.

"Sharon got these letters from Bush which clearly envisaged the settlement blocs would remain part of Israel," said Sharon biographer Landau.

"He considered this as his major success as prime minister."

SETTLERS REGROUP

However, even if the big blocs stay a part of Israel in a future accord, many settlers would find themselves marooned in Palestine - and that could prove an insurmountable problem.

In 2004, the number of such settlers was put at 50,000. Today, unofficial tallies suggest the figure might be more than 150,000 of the half million or so Israelis living in the occupied West Bank and East Jerusalem. This compares to just 9,000 who were hauled out of the Gaza Strip.

The settler movement was bruised by the Gaza pullout, but it has since regrouped and bolstered its numbers.

Some militant settlers have taken to damaging Arab property in attacks they call "price tagging" for any concessions by Netanyahu's government, while the group's political leaders have racheted up the their influence within the establishment.

This is especially true in Likud, where settlers play a crucial role in the selection of parliamentary candidates and helped oust leading moderates from the party ticket ahead of the last general election early in 2013.

Political commentators question whether Netanyahu might eventually have to "do a Sharon" and quit Likud himself, knowing that most of his party is opposed to the contours of the long-mooted peace deal. However, only two or three of his party's 20 parliamentarians have publicly backed the two-state solution, suggesting that if he did quit, few would follow him.

Netanyahu himself did not follow Sharon out of Likud in 2005, branding the Gaza withdrawal "evil", and there is much skepticism in the media about how far he is prepared to go this time around to secure peace. But if he cannot, or will not, go all the way, there are no plausible alternatives at present.

"Looking around, I don't see the sort of charismatic leaders with the kind of credentials that Sharon had," said Uri Dromi, who was a spokesman for slain prime minister Rabin.

"Not the sort of people who could make the bold moves needed for peace, while at the same time being able to convince Israelis that they weren't being sold cheap to the Arabs."

(Editing by Alastair Macdonald)

Chris Christie Bridge Scandal: The Next Shoes to Drop - ABC News

Posted: 11 Jan 2014 08:10 AM PST

More than 100 minutes of anger, denial, declarations of disappointment and apologies were insufficient for New Jersey Gov. Chris Christie to put to rest lingering questions about what exactly inspired his aides to gin up an ill-conceived traffic ploy.

To hear Christie tell it in his news conference Thursday, he was blindsided, "misled" and lied to by his aides. And with that acknowledgement, topped off by an apology, the case should be closed.

On the horizon, however, are a slew of potential issues that could keep Christie on the defensive for some time to come.

1. Blanket denial.

"I had no knowledge or involvement in this issue, in its planning or its execution and I am stunned by the abject stupidity that was shown here, regardless of what the facts ultimately uncover," Christie said.

If that turns out to be untrue, for any reason, Chris Christie's political career could be irreparably damaged, all because his staff staged the closing of bridge lanes for political reasons that are still unclear.

See Our Full Coverage of the Unfolding Scandal

2. Thousands of documents.

New Jersey Democrats smell blood in the water and they're going to keep pushing for what answers they can get from Christie's people about what caused his aides to apparently target the mayor of the town of fewer than 40,000 people in a political vendetta. And, most importantly, they'll be probing to find out who else was involved.

A cache of about two dozen pages of emails and text messages blew the case wide open this week, but Jersey Democrats are about to release nearly 5,000 more.

What's in those documents, almost no one knows for sure. In this case, what Christie doesn't know can hurt him.

WATCH: Christie Apologizes 20 Times for Bridge Scandal

3. Unknown unknowns.

Christie didn't know a lot of things that were going on with his staff, and he indicated Thursday that he still didn't want to know.

The two aides Christie fired Thursday -- deputy chief of staff Bridget Anne Kelly and a top political aide, Bill Stepien -- didn't get an exit interview. Christie said he didn't want to know yet what they knew about what caused them to launch into a political vendetta.

"She was not given the opportunity to explain to me why she lied because it was so obvious that she had," Christie said of Kelly. "And I'm, quite frankly, not interested in the explanation at the moment."

But what Kelly and Stepien know is essential to how long this scandal will continue to trail Christie.

Christie appears to be gambling that it's better for him to have plausible deniability about other damaging information that might emerge. But not knowing what is out there will make it more difficult for his political operation to respond swiftly and effectively.

Not to mention that not knowing what his aides were up to got him into this mess in the first place.

READ: Christie Fires Top Aide, Apologizes

4. Is Christie protecting anyone?

Orchestrating the closing of lanes on a major multistate bridge for a nonexistent traffic study is no small undertaking, and only two people have faced consequences so far.

There's also the curious case of Christie's appointee to the chairmanship of the board of the Port Authority, David Samson, whom Christie appeared to go out of his way to protect Thursday.

"He was one of my interviews. I am convinced that he had absolutely no knowledge of this, that this was executed at the operational level and never brought to the attention of the Board of Commissioners until ... [Port Authority] Executive Director [Patrick] Foye wrote his email to the Board of Commissioners," Christie said.

The trouble is this excerpt from a series of emails between Christie's aides about the lane closings.

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Jumaat, 10 Januari 2014

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Federal government to recognize same-sex marriages in Utah - Fox News

Posted: 10 Jan 2014 09:17 AM PST

Attorney General Eric Holder said Friday the federal government will recognize more than 1,000 same-sex marriages in Utah, despite an earlier announcement this week from the state's governor saying the state would not. 

The decision means those Utah couples will have access to federal benefits that are available to married couples in other states, including the ability to file joint tax returns. It also adds to the confusion in the state following a surprise ruling last month against the state's same-sex marriage ban. 

Hundreds of gay couples got married before another court put those weddings on hold. The Justice Department statement marked the first time the Obama administration formally weighed in on the debate with any action. 

"Recently, an administrative step by the Court has cast doubt on same-sex marriages that have been performed in the state of Utah. And the governor has announced that the state will not recognize these marriages pending additional Court action," Holder said. "In the meantime, I am confirming today that, for purposes of federal law, these marriages will be recognized as lawful and considered eligible for all relevant federal benefits on the same terms as other same-sex marriages." 

He added: "These families should not be asked to endure uncertainty regarding their status as the litigation unfolds. In the days ahead, we will continue to coordinate across the federal government to ensure the timely provision of every federal benefit to which Utah couples and couples throughout the country are entitled - regardless of whether they in same-sex or opposite-sex marriages." 

On Wednesday, Utah Gov. Gary Herbert that the state will not recognize same-sex marriages performed since last month, leaving gay couples in the lurch amid the raging court battle. 

The directive from Herbert's office came in the wake of a federal judge's Dec. 20 ruling against the state's same-sex marriage ban. During a two-week period, hundreds of gay and lesbian couples in one of the country's most conservative states got married -- in those counties willing to offer licenses. 

But the Supreme Court on Monday once again put gay marriage on hold while the state appeals. 

Herbert Chief of Staff Derek Miller went a step further on Wednesday, saying in an email to Cabinet members that the ruling means Utah cannot perform or recognize gay marriages. 

"Based on counsel from the Attorney General's Office regarding the Supreme Court decision, state recognition of same-sex marital status is ON HOLD until further notice," he wrote. 

That means state agencies are barred, going forward, from extending state services -- normally available to married couples -- to gay couples who wed last month. 

According to the Salt Lake Tribune, more than 1,300 gay couples got married after Dec. 20. Based on the state's decision, their status is now in limbo. 

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Khamis, 9 Januari 2014

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Malaysia's November IPI beats expectations

Posted: 09 Jan 2014 07:25 PM PST

Industrial output in Malaysia sprang a pleasant surprise in November, posting a 4.4 per cent annualised growth and beating market expectations.

Research houses expect the industrial output to gain traction in 2014.

The stronger reading in November came from an improvement in the manufacturing sector said the Statistics Department yesterday.
Major sub-sectors which improved were electrical and electronics products, transport equipment and other manufactures.

The mining sector also grew by 4.8 per cent in November on the back of a healthy growth in the natural gas index by 17.4 per cent.


Electricity output also recorded an increase by 6.1 per cent on a yearly basis.

Bank of America Merrill Lynch economist Dr Chua Hak Bin is confident that the manufacturing sector recovery will gain traction this year.

"The robust IP reading is consistent with the visible pick-up in exports of manufactured goods (that is electronics and machinery)."

The mining sector, he added, surprised on the upside, following three consecutive months of contraction.

"Manufacturing sales have also recorded five consecutive months of expansion, following contractions in most of the first six months of 2013.

"A pick-up in global demand and resilient consumer spending will underpin the recovery, and help offset a slowdown in government expenditure."

Chua expects generous government handouts and subsidies to give way to fiscal consolidation and, towards this end, the government has already raised fuel and electricity prices, and abolished sugar subsidies.

CIMB Investment Bank expects the improved growth traction in the industrial output next year to be backed by the recovery in the advanced economies and improving export demand for semiconductors.

Ongoing implementation of the Economic Transformation Programme and property development projects supporting domestic-market oriented industries will also support the growth.

Based on the overall industrial production and manufacturing growth in November and October, CIMB expects the third quarter GDP growth to reach 5.3 per cent.

Meanwhile, the Statistics Department said the manufacturing sector enjoyed a 4.4 per cent growth to record RM53.2 billion in sales.

Ringgit set for best week since October

Posted: 09 Jan 2014 07:31 PM PST

Malaysia's ringgit was headed for the best week since October after data signaled a sustained recovery in Southeast Asia's third-biggest economy.

Exports exceeded imports by the most in 20 months in November, while factory output growth accelerated to a four-month high, according to official figures released this week. US employers added more workers than projected in December and claims for jobless benefits dropped last week, reports showed, backing the case for the Federal Reserve to continue trimming stimulus.

"The positive local data are helping the ringgit a lot, even though Fed tapering noises are still very real," said Choong Yin Pheng, senior manager for bond and economic research at Hong Leong Bank Bhd in Kuala Lumpur. "That boosted the outlook for the new year."

The ringgit strengthened 0.5 per cent since January 3, the biggest five-day gain since the week ended October 18, to 3.2736 per dollar as of 10am in Kuala Lumpur, according to data compiled by Bloomberg. The currency advanced 0.1 per cent today. One-month implied volatility, a measure of expected moves in the exchange rate used to price options, dropped 58 basis points this week to 7.05 per cent. The rate climbed five basis points, or 0.05 percentage point, today.

Malaysia's trade surplus widened to RM9.7 billion in November, the biggest gap since March 2012, a January 8 report showed. Industrial production increased 4.4 per cent from a year earlier, the fastest growth since July, according to official data released yesterday. The nation recorded a current-account surplus of RM9.8 billion in the third quarter compared with RM2.6 billion in the previous three months.

The ringgit will climb to 3.15 per dollar in 12 months, with the improvement in Malaysia's trade balance supporting the forecast for a stronger current-account position, Goldman Sachs Group Inc analysts including Singapore-based Mark Tan wrote in a January 8 research note.

Fed officials said in December that they will cut monthly bond purchases in January to US$75 billion from US$85 billion. Policy makers will trim stimulus in US$10 billion increments over the next seven meetings before ending them in December, according to a Bloomberg survey on December 19. The Federal Open Market Committee will announce its next policy decision on January 30.

The yield on Malaysia's 3.26 per cent sovereign notes due March 2018 fell 11 basis points this week, the biggest five-day drop since the period ended October 18, to 3.59 per cent, according to data compiled by Bloomberg. It was little changed today.-- Bloomberg

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Christie fires aide in New Jersey bridge scandal; prosecutor launches probe - Chicago Tribune

Posted: 09 Jan 2014 10:00 AM PST

New Jersey Governor Chris Christie on Thursday fired a top aide at the center of a brewing scandal that public officials orchestrated a massive traffic snarl on the busy George Washington Bridge to settle a political score.

Christie told a news conference he was stunned and heartbroken by revelations that his staff was behind the traffic jam designed to punish a local mayor who declined to endorse Christie's re-election bid. The office of the U.S. attorney in New Jersey said it had launched an investigation.

The scandal and potential legal problems come as Christie has emerged as one of the most powerful figures in the Republican Party as head of its governors association and a possible contender for the White House in 2016.

"I am embarrassed and humiliated by the conduct of some of the people on my team," Christie said. "I am who I am, but I am not a bully."

Christie said he has dismissed his deputy chief of staff, Bridget Anne Kelly.

U.S. Attorney Paul Fishman - whose job Christie held before he was elected governor - has opened a probe into the lane closures, his spokeswoman said.

"The Port Authority Office of Inspector General has referred the matter to us, and our office is reviewing it to determine whether a federal law was implicated," Rebekah Carmichael said in a statement.

The controversy erupted with the public release of incriminating emails showing that a top aide to Christie played a key role in closing some lanes to the bridge, in a ploy to punish the Democratic mayor of Fort Lee, New Jersey.

The George Washington Bridge, one of the busiest spans in the world, connects New York City to Fort Lee. The abrupt four-day lane closures in September caused hours-long traffic jams and held up the passage of school buses and ambulances.

A local newspaper reported that emergency responders were delayed in attending to four medical situations. One involved an unconscious 91-year-old woman who later died of cardiac arrest and another, a car accident, in which four people were injured.

"SOUL-SEARCHING"

Christie has enjoyed immense popularity at home since his election in 2009, particularly for his handling of recovery and rebuilding efforts after Superstorm Sandy devastated his state in late 2012. He was re-elected in a landslide in November.

He has also touted his ability to work with political opponents as a mark of his skill at overcoming partisan divisions and forging alliances to get things done.

But the blunt-talking governor is known as well for engaging in shouting matches, hurling insults and belittling challengers.

Christie said he had been misled by his staff and knew nothing of the lane closings before they occurred and that he had been led to believe the closures were part of a traffic study.

He also said he was "blindsided" and heartbroken by the emails, and that he was doing some "soul searching."

"What did I do wrong to make these folks think it was okay to lie?" Christie said. "What I want the people of New Jersey to know is that this is the exception, not the rule."

EMAILS RELEASED WEDNESDAY

Despite earlier denials that anyone in his administration would shutter the bridge entrances as retaliation, emails released on Wednesday showed that at least one of his top aides, Bridget Anne Kelly, was involved in discussions about the closures weeks beforehand.


"Time for some traffic problems in Fort Lee," Bridget Anne Kelly, wrote to a Port Authority executive in August.

The executive, David Wildstein, replied in an email: "Got it."

In another message sent amid the gridlock, an unidentified author wrote: "Is it wrong that I'm smiling," and Wildstein responded: "No."

The Port Authority of New York and New Jersey, which oversees the bridge, had previously said it was the result of a last-minute traffic study.

The emails were supplied to the media by Wildstein, the Port Authority executive, in response to a subpoena issued by a panel of state lawmakers.

A long-time Christie ally, Wildstein previously has admitted ordering the lane closures and resigned in December. Kelly was fired prior to Thursday's press conference.

EMS DELAYED

Dennis Rodman apologizes for his rant on CNN over North Korea trip - Los Angeles Times

Posted: 09 Jan 2014 10:11 AM PST

Former NBA star Dennis Rodman apologized Thursday for an outburst on CNN during which he launched into an expletive-laden rant against a TV anchor and implied that an American being held by North Korea was at fault for his captivity.

Rodman brought six fellow retired NBA players to the country for an exhibition basketball game Wednesday with North Koreans at which he sang "Happy Birthday" to leader Kim Jong Un, who turned 31.

The trip has drawn criticism from human rights advocates and some members of Congress. The critics are concerned that the purported goodwill gesture sends the wrong message to a ruthless dictatorship that has threatened the United States and its regional allies with nuclear annihilation. The National Basketball Assn. and its retired players' affiliate have said they do not support the venture.

During an interview broadcast this week on CNN's "New Day,"  anchor Chris Cuomo asked Rodman whether he would use the visit to raise the case of Kenneth Bae, a Korean American tour guide and evangelist who has been imprisoned in North Korea for more than a year on charges of "hostile acts against the state."

"Do you understand what he did in this country?" Rodman responded. When Cuomo asked him to explain, Rodman turned on the anchor.

"I want to apologize," Rodman said in a statement released Thursday, in which he admitted to have been drinking before the CNN interview. "It had been a very stressful day. Some of my teammates were leaving because of pressure from their families and business associates. My dreams of basketball diplomacy was quickly falling apart."

Here is the full statement sent to the Los Angeles Times by Rodman's publicist, Jules Feiler:

"I want to apologize. I take full responsibility for my actions. It had been a very stressful day. Some of my teammates were leaving because of pressure from their families and business associates. My dreams of basketball diplomacy was quickly falling apart. I had been drinking. It's not an excuse but by the time the interview happened I was upset. I was overwhelmed. It's not an excuse, it's just the truth. I want to first apologize to Kenneth Bae's family. I want to apologize to my teammates and my management team. I also want to apologize to Chris Cuomo. I embarrassed a lot of people. I'm very sorry. At this point I should know better than to make political statements. I'm truly sorry."

ALSO:

German man, 88, charged in 1944 Nazi massacre in France

Beauty queen's slaying a 'blow' to Venezuelans, leader declares

Dennis Rodman sings 'Happy Birthday' to North Korean leader Kim Jong Un

Twitter: @alexzavis

alexandra.zavis@latimes.com

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Rabu, 8 Januari 2014

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Business Times : latest

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Business Times : latesthttp://www.btimes.com.my enThursday, January 09, 2014, 10.42 AMGold futures open higher in early tradinghttp://www.btimes.com.my/articles/20140109100101/Article/ http://www.btimes.com.my/articles/20140109100101/Article/Thu, 09 Jan 2014 10:01:01 +0800Gold futures contracts on Bursa Malaysia Derivatives opened higher in thin trading today on fresh demand for the commodity, said a dealer. One contract month was traded as at 9.30am. Spot month January 2014 gained four ticks to RM129.50 a gramme while February 2014, March 2014 and April 2014 were all pegged at RM129.70 a gramme. Turnover was at two lots while open interest totalled 907 contracts. At 9.30am, physical gold rose 40 sen to RM125.13 a gramme from RM124.73 at 5pm yesterday.-- Bernama Gold up 40 sen at RM125.13 per grammehttp://www.btimes.com.my/articles/20140109101017/Article/ http://www.btimes.com.my/articles/20140109101017/Article/Thu, 09 Jan 2014 10:10:17 +0800The physical price of gold as at 9.30am stood at RM125.13 per gramme, up 40 sen from RM124.73 at 5pm yesterday.-- Bernama Short-term rates to remain stablehttp://www.btimes.com.my/articles/20140109101324/Article/ http://www.btimes.com.my/articles/20140109101324/Article/Thu, 09 Jan 2014 10:13:24 +0800Short-term interbank rates are likely to remain stable today following Bank Negara Malaysia's intervention to absorb excess liquidity from the financial system. The central bank estimated today's liquidity at RM29.930 billion in the conventional system and RM4.934 billion in Islamic funds. Bank Negara will conduct four conventional money market tenders comprising RM500 million for seven days as well as RM1 billion each for 14 days, 21 days and 28 days. It will also conduct two repo tenders comprising RM300 million for 32 days and RM200 million for 90 days. Three Al-Wadiah tenders will also be conducted -- RM600 million for seven days, RM300 million for 14 days and RM400 million for 28 days. At 4pm, the central bank will conduct a conventional overnight tender of up to RM25.9 billion and a RM3.7 billion Al-Wadiah overnight tender.-- Bernama FTSE Bursa Malaysia update: 10.30amhttp://www.btimes.com.my/articles/20140109095904/Article/ http://www.btimes.com.my/articles/20140109095904/Article/Thu, 09 Jan 2014 09:59:07 +0800At 10.30am today, there were 257 gainers, 287 losers and 252 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,830.68 down 0.62 of a point, the FBMACE was at 5,950.79 down 11.89 points, and the FBMEmas was at 12,675.73 down 2.56 points. Turnover was at 573.396 million shares valued at RM367.419 million.-- Bernama Ringgit opens lower against US dollarhttp://www.btimes.com.my/articles/20140109100317/Article/ http://www.btimes.com.my/articles/20140109100317/Article/Thu, 09 Jan 2014 10:03:17 +0800The ringgit opened lower against the US dollar in early trading on Thursday as demand shifted to the greenback following the release of minutes of the US Federal Reserve Dec 17-18 meeting, said a dealer. At 9.02am, the ringgit was quoted at 3.2770/2800 per US dollar against 3.2745/2775 at close yesterday. The greenback rose to a seven-week high against a basket of major currencies on encouraging jobs growth in the US, said the dealer. Meanwhile, the local note opened mixed against other major currencies. The local unit was slightly higher against the Singapore dollar at 2.5746/5772 from Wednesday's 2.5749/5777, and was up against the euro at 4.4469/4519 from 4.4553/4607. The ringgit eased against the British pound to 5.3900/3956 from yesterday's 5.3784/3846 and fell against the yen to 3.1263/1295 from 3.1168/1211.-- Bernama KL shares mixed in early tradehttp://www.btimes.com.my/articles/20140109102519/Article/ http://www.btimes.com.my/articles/20140109102519/Article/Thu, 09 Jan 2014 10:25:19 +0800Stocks on Bursa Malaysia were mixed in the early session today on the back of lacklustre performance on Wall Street overnight, dealers said. Thirty minutes after trading, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.7 point lower at 1,830.6 after opening at 1,831.8. Advancers led gainers 199 to 173, with 200 counters unchanged, 981 untraded and 26 others suspended. Turnover amounted to 277.88 million shares worth RM139.6 million. On the scoreboard, the Finance Index fell 38.621 points to 16,759.64, the Plantation Index declined 29.91 points to 8,684.72 and the Industrial Index was 2.33 points higher at 3,102.15. The FBM Emas Index slipped six points to 12,672.3, the FBMT100 Index declined 7.9 points to 12,379.42, the FBM Ace dipped 4.23 points to 5,958.45, with the FBM 70 decreasing 21.7 points to 14,085.91. HwangDBS Vickers Research said investors may be looking forward to a positive macroeconomic report when the industrial production index data is out at around noon. The research house said it expects the local bourse to extend its technical rebound riding on follow-through bargain hunting activity. Technically, the key FBM KLCI would probably recover further towards the immediate resistance line of 1,840 ahead. Among actives, Iris rose one sen to 39 sen, China Stationery added 1.5 sen to 21 sen and Technodex increased half a sen to 18.5 sen. Of the heavyweights, Maybank gained four sen to RM9.85 but Tenaga fell 10 sen to RM11.70 and Axiata lost one sen to RM6.76.-- Bernama KLCI futures traded lower in early sessionhttp://www.btimes.com.my/articles/20140109102725/Article/ http://www.btimes.com.my/articles/20140109102725/Article/Thu, 09 Jan 2014 10:27:25 +0800The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts (FKLI) on Bursa Malaysia Derivatives moved lower in sync with the cash market's performance, dealers said. The benchmark FBM KLCI was 1.15 points lower at 1,830.15 as at 10.05am. Spot month January 2014 declined 5.5 points to 1,832.5 and February 2014 slipped 7.0 points to 1,833. March 2014 lost 6.0 points to 1,832 but June 2014 was flat at 1,828.5. Turnover amounted to 1,644 lots while open interest stood at 39,683 contracts.-- Bernama S&P 500 ends flat in wake of Fed minuteshttp://www.btimes.com.my/articles/20140109103909/Article/ http://www.btimes.com.my/articles/20140109103909/Article/Thu, 09 Jan 2014 10:39:09 +0800NEW YORK: The SandP 500 finished nearly flat on Wednesday as equity indexes had a muted reaction to the minutes from the US Federal Reserve's most recent meeting, while Micron's strong results helped buoy the Nasdaq. Minutes of the Fed's December 17-18 meeting, after which the US central bank announced its decision to begin trimming its monthly bond purchases, showed Fed officials were careful to tread lightly as they embarked on the tapering process. The Fed's accommodative policies were the main driver of the SandP 500's rally of nearly 30 per cent in 2013. The programme is expected to keep a floor under stock prices for as long as it continues. "The financial markets really didn't move at all, but typically history would suggest they need a little bit of time to just digest these things," said Darrell Cronk, regional chief investment officer of Wells Fargo Private Bank in New York. "What we need to recognize is since December 18, we've seen a significant improvement in the economic data. If we get a 200,000 or north jobs report on Friday, it increases the likelihood, along with that improving data, the Fed continues its tapering process at the January meeting." Earlier in the session, a report by ADP, a payrolls processor, showed US private-sector employers added 238,000 jobs in December, more than expected and the best read since November 2012, while November 2013 numbers were revised higher. The Dow Jones industrial average fell 68.20 points or 0.41 per cent, to end at 16,462.74. The SandP 500 dipped just 0.39 of a point, or 0.02 per cent, to finish at 1,837.49. The Nasdaq Composite rose 12.43 points or 0.30 per cent, to close at 4,165.611. The SandP 500 has fallen 0.6 per cent over the first five sessions of the year. According to the January effect watched by some market participants, the first month dictates the stock market's fortunes for the year - and the first five trading days are important in determining the outcome. However, Credit Suisse data shows that any month, except October, could be used to determine the market's momentum 11 months ahead more than 50 per cent of the time. Micron Technology shares soared 9.9 per cent to close at US$23.87 and helped bolster the Nasdaq a day after the chipmaker reported higher-than-expected quarterly profits. Microsoft shares slid 1.8 per cent to US$35.76, pressuring the Dow. Microsoft is closer to naming a new chief executive officer, according to a source familiar with the board's thinking, but it lost a front-runner candidate on Tuesday when Ford's CEO Alan Mulally said he would not be going to the software giant. Ford's stock rose one per cent to end at US$15.54. Shares of JC Penney Co Inc plunged 10 per cent to close at US$7.37 after the department store chain said on Wednesday that it was "pleased" with its holiday season sales without giving specific results. That prompted many on Wall Street to say the retailer's sales may have declined last month. Apollo Education Group Inc shares jumped 14.2 per cent to US$30.76 after the owner of the University of Phoenix reported a quarterly profit well ahead of Wall Street expectations. The pharmaceutical sector remained a hotbed for mergers and acquisitions. Forest Laboratories agreed to buy privately held specialty pharmaceutical company Aptalis Holdings Inc for about US$2.9 billion. Forest Labs' stock surged 17.9 per cent to US$69.30 and ranked as the SandP 500's biggest gainer. NuPathe Inc leaped 35.6 per cent to US$4.38 after the company said it received a buyout offer from Israel's Teva Pharmaceutical Industries Ltd for US$114 million plus milestone payments related to NuPathe's migraine treatment. Teva's US-listed shares shed 0.4 per cent to US$41.05. Volume was modest, with about 6.05 billion shares traded on US exchanges, slightly below the 6.19 billion average so far this month, according to data from BATS Global Markets. Declining stocks outnumbered advancing ones on the New York Stock Exchange by a ratio of 17 to 13, while on the Nasdaq, 13 stocks fell for every 12 that rose.-- Reuters
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