Selasa, 25 September 2012

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Felda Global gets 'market perform' call

Posted: 25 Sep 2012 06:41 PM PDT

RHB Research initiated coverage of Felda Global Ventures Holdings Bhd with a "market perform" rating and target price of RM5, a small premium to the stock's last closing price of RM4.88.

"We initiate coverage on Felda with this recommendation due to its relatively sober earnings growth and our downward projections for crude palm oil (CPO) prices, and similarly unexciting valuations," RHB Research said on Wednesday.

RHB projects a three-year compound annual growth rate (CAGR) of 4.9 percent for Felda. It expects 1.3 percent growth for the current year and 6.4 percent to 7.1 percent for the next two years. It adds that Felda's disposal of non-core and non-performing assets, which are weighing earnings down, may be the catalyst for a rerating.

Felda has been on a downward trend since its debut on the local bourse late July, last closing 10 percent lower than its initial offer price. The company's US$3.1 billion initial public offering was the biggest in Asia this year.

Felda shares were trading 0.21 percent lower at RM4.83. -- REUTERS

Ho Wah surges on RM800m contracts

Posted: 25 Sep 2012 07:18 PM PDT

Shares in Ho Wah Genting Bhd climbed as much as 4.64 percent to RM0.34 on Wednesday after one of its units won RM800 million (US$260.50 million) contracts from two Japanese firms.

Ho Wah said on Tuesday MyLed Opto Tech Sdn Bhd, a light emitting diode (LED) maker in which it owns 51 percent, secured the contracts from Japan's Kirutorisu Tech and Atotis Co Ltd, marking the company's venture into the Japanese vending machine market. -- Reuters

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Obama Defends Mideast Policy at UN - Wall Street Journal

Posted: 25 Sep 2012 09:12 AM PDT

UNITED NATIONS—President Barack Obama, in an address to the annual meeting of the United Nations General Assembly, confronted a series of foreign-policy concerns that have become central in a U.S. presidential campaign that has been largely focused on the economy.

Mr. Obama, under pressure from his Republican opponent in the November election, defended his handling of the political uprisings sweeping the Middle East and stressed that his administration would continue to support the push for democracy in the Arab world, regardless of short-term challenges.

"Even as there will be huge challenges that come with a transition to democracy, I am ...

NFL: League facing fury over referees' "Hail Mary" call - Reuters

Posted: 25 Sep 2012 08:55 AM PDT

Seattle Seahawks wide receiver Golden Tate (bottom, obscured) catches the 14-12, game-winning touchdown in the endzone while he is swarmed by Green Bay Packers' Jarrett Bush (24) and Tramon Williams (38) during the final eight seconds of the fourth quarter of their Monday night NFL football game at Centurylink Field in Seattle, Washington, September 24, 2012. REUTERS/Anthony Bolante

Tue Sep 25, 2012 12:07pm EDT

(Reuters) - NFL fans took to the airwaves, social media and the streets on Tuesday to vent their anger over a controversial refereeing decision which handed the Seattle Seahawks victory over the Green Bay Packers.

The NFL is using replacement referees from the lower ranks of college and semi-professional football during a lockout of regular officials caused by a dispute over a new contract.

While the replacements have been criticized throughout the first three weeks of the season for perceived indecisive and confusing calls, unprecedented levels of frustration spilled over after Monday's prime time game.

Trailing 12-7 with seconds left on the clock, the Seahawks were facing a fourth down on the Packers' 24-yard line and rookie quarterback Russell Wilson heaved a 'Hail Mary' pass into the end zone.

Seahawks receiver Golden Tate pushed off on Packers cornerback Sam Shields with what looked a clear case of offensive pass interference before he rose to attempt to challenge Green Bay's M.D. Jennings.

Jennings appeared to have caught and gained control of the ball before Tate's hands made contact with it but as they fell to the ground the two referees close by made differing calls - one ruled a touchdown and the other an interception.

The ruling on the field was touchdown by simultaneous catch and was upheld after being sent up for video review - with some confusion about whether the NFL's byzantine rules allow for a review of a 'simultaneous' catch.

The Packers players fired off protests on Twitter with wide receiver Greg Jennings tweeting: "NFL C'mon Man! Can't even be upset anymore. All I can do is laugh. Laugh at the NFL for allowing America's game to come (to) this".

Other players used stronger language to express their feelings while fans flooded sports radio stations to protest and the media in Wisconsin backed their view.

"Grand Larceny" declared the Oshkosh Northwestern while even the Seattle Times hinted at some sympathy with their rivals, their front page headline stating "Hawks steal one".

On Tuesday some Packers fans gathered outside Lambeau Field to protest while passing drivers hooted in support of placards declaring "We Were Robbed" and "Speechless in Seattle".

"We're trying to get the (original) refs back. With the refs that we have now, they're not qualified to do the job like the other refs are. They're high school and college officials," one of the protesters, Seth Wagnitz, told the Green Bay Press Gazette.

"We really need the refs back because now it has cost us a game and that shouldn't be happening," he added.

STATEMENT DUE

Politicians were also quick to join the outrage.

New Jersey state Senate President Stephen Sweeney said in a statement that he plans to introduce legislation prohibiting the playing of professional sporting events with replacement officials.

"This past weekend in the NFL has not only made a mockery of a great sport, but shined a very bright light on how important fully trained and professional officiating is to player safety," said Sweeney.

"We wouldn't allow a factory or construction site to operate without fully trained supervisors on hand to ensure the safety of employees. Why should we do anything differently when the job site is a playing field?"

NFL commissioner Roger Goodell's office telephone number was circulated on Twitter by a Wisconsin State Senator Jon Erpenbach who urged fans to "leave a message".

Wisconsin Republican Governor Scott Walker called via Twitter for the locked-out referees to be brought back.

However, it is by no means only Packers fans who have raised criticism of the NFL for allowing under-qualified officials to take charge of games.

From LeBron James and Dirk Nowitzki of the NBA to actor Samuel L.Jackson, social media sites were full of opinion, most of it highly critical of the referees and the NFL for allowing them to be in charge.

NFL.com reported the NFL will make a statement on the incident later on Tuesday.

(Editing by Mark Meadows)

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Isnin, 24 September 2012

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Public Invt starts Parkson with 'outperform'

Posted: 24 Sep 2012 07:23 PM PDT

Public Investment Bank initiated coverage on department store group Parkson Holdings Bhd with an "outperform" call and a target price of RM5.73 per share, citing a strong growth outlook.

Public Investment expects Parkson to report a bullish 10 percent compounded annual growth in 2013 financial year despite negative global sentiments.

Parkson's growth will be underpinned by its strategic expansion plans and resilient concessionaire-based business model, the research house said in a note on Tuesday.

Parkson shares were up 1.29 percent, outperforming the Malaysian benchmark stock index's 0.45 percent drop. -- REUTERS

New incentives for developers proposed

Posted: 24 Sep 2012 07:07 PM PDT

The government should consider giving more attractive incentives for property developers to install solar panels in new homes as a step towards fostering the development of green buildings, a construction industry player said.

ATSA Architects' chief executive officer, AR Azim A Aziz, said the government through the 2013 Budget could introduce new incentives in place of present incentives given to developers for the use of green materials including solar panels that could meet the feed-in-tariff requirement.

"There is a lot more potential in feed-in-tariff, but not many people can afford to put up RM44,000, the initial setup cost, on their roof," he told Bernama in an interview today.

Although the price of solar panels has dropped more than 45 per cent in the last two years, the RM44,000 initial setup cost for 16 solar panels and supporting equipment is still considered high among common people, he said.

He said with Real Estate and Housing Developers' Association estimating 100,000 new houses to be built every year, any incentive to the developers could provide an immediate effect to the country's energy supply.

Azim said the feed-in-tariff, which is managed by Sustainable Energy Development Authority (SEDA), is a good idea to encourage people embracing the green lifestyle.

He said a set of solar panels comprising 16 solar panels could
generate three kilowatt per hour (kWh) of electricity and with SEDA paying RM1.49 per kWh, this will give the owner a passive income of RM600 per month and around five years to break-even the initial cost.

"SEDA is offering a contract of 21 years, which means that the owner can have 16 years of passive income while living a green lifestyle," he said.

Aziz said another way to hasten the acceptance of feed-in-tariff is through banks which can provide the initial capital.

He said banks could provide loan schemes for purchasing solar panels and related equipment, similar to the hire purchase schemes for buying cars.

"Banks have to be readily involved to make sure the people can afford to place the solar panel at their homes," he said.

He said the schemes could be in the form of loans, hire purchase etc.

Aziz said with Malaysia strategically located under the sun belt, one of the best areas in harvesting the sun's energy, the country receives an average of 3.5 hours of sunlight every day making it a suitable place to implement solar-based technology.

Emphasizing on the importance of green lifestyle, he said as a developing nation, the population was growing and this would exert pressure and natural resources would become more scarce.

The population is estimated to double to 57 million people in 2090 when natural resources and even food are expected to be no longer plentiful.

"We cannot go on building as we did in the past or living as how we lived in the past. We must contribute to reducing green house gases and energy consumption over the years," he said. Bernama

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In dueling '60 Minutes' interviews, Romney and Obama make their pitches to voters - Washington Post

Posted: 24 Sep 2012 09:22 AM PDT

On the heels of perhaps his roughest week yet in his bid for the White House, and with swing-state polls showing President Obama gaining ground, GOP presidential nominee Mitt Romney brushed aside the notion that his campaign is struggling in a "60 Minutes" interview that aired Sunday.

"Well, it doesn't need a turnaround," Romney told "60 Minutes" host Scott Pelley. "We've got a campaign which is tied with an incumbent president to the United States. . . . I've got a very effective campaign. It's doing a very good job. But not everything I say is elegant. And I want to make it very clear. I want to help a hundred percent of the American people."

Emmys 2012: What's the verdict? - CNN (blog)

Posted: 24 Sep 2012 08:35 AM PDT

The reaction to the 64th Primetime Emmy Awards has to be split into three categories: The fashion; the entertainment factor, which often rests on the shoulders of the host; and whether those who deserved to win did.

On the fashion end of things, everyone's still salivating over Sofia Vergara's dress, and as far as entertainment value, the 64th Primetime Emmys wasn't half-bad with Jimmy Kimmel as host. Sure, it wasn't the best awards show we've ever seen - Kimmel's routine, we thought, was uneven - but it did end on time (few winners were allowed to stay on the stage long before the music started up).

The awards? That's a different story.

The Atlantic's Kevin Fallon felt that Jon Stewart - the resident provider of the evening's f-bomb - summed up the awards ceremony when he noted in his acceptance speech for outstanding variety program how predictable the Emmys have become.

"Modern Family" still wins the comedy awards, Claire Danes is still a favorite, and so are "The Amazing Race" and "The Daily Show with Jon Stewart."

"As entertainment, this year's Emmy Awards telecast was quite good ... But as an awards show, this year's Emmy Awards was unforgivably boring," Fallon said. "Did you miss this year's telecast? If you watched last year's, there's no need to feel bad. You've already seen Sunday night's ceremony."

For The Los Angeles Times, "the show was flavored with a taste of deja vu."

But both Entertainment Weekly's Ken Tucker and The Washington Post's Lisa de Moraes found a few fresh things.

From Kimmel's opening segment, de Moraes said, to Jon Cryer's win in the lead comedy actor category, "Sunday's Emmyscast was, in fact, loaded with surprises."

Who saw "Homeland" sneaking up to grab the outstanding drama title from "Mad Men," de Moraes continued, or "thought Damian Lewis would prove Bryan Cranston's Kryptonite?"

EW's Tucker found, with the biggest surprise for him being the "near shutout of 'Downton Abbey,'" that "all in all, it was a nicely lurching, damnably unpredictable Emmy Awards show, good for viewing if quite decimating for my predictions."

For the naysayers still confused over how the same names win year after year after year, USA Today's Robert Bianco counters that repetitive doesn't mean unearned.

"Yes, many of the wins were predictable - 'Modern Family,' 'Homeland,' Damian Lewis, Claire Danes, Maggie Smith, Julie Bowen, 'The Amazing Race' and Louis C.K. among them - but they were predictable precisely because they were so well-deserved," Bianco asserts. "What, should the voters pick lesser winners just so we'd be surprised?"

As for Kimmel, Bianco wasn't as satisfied, saying that while the "Jimmy Kimmel Live" host is a funny guy "in the right time and place," the 64th Primetime Emmys wasn't it.

What'd you think of the ceremony, and what's your verdict on Jimmy Kimmel as Emmys host?

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Ahad, 23 September 2012

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Public Invt starts Maxis with 'neutral'

Posted: 23 Sep 2012 07:31 PM PDT

Public Investment Bank initiated coverage of Maxis Bhd, the country's largest mobile phone operator, with a "neutral" rating and a target price of RM7.26 per share, citing dismal growth prospects due to narrowing profit margins.

"Though we acknowledge progressive growth from the non-voice segment, we think Maxis' strategy of offering more competitive voice packages for the sake of reclaiming its subscriber losses will eventually depress its margins," Public Investment said in a note.

However, the research house said Maxis' downside risks will be cushioned by its dividend yield of 40 sen per share.

Maxis shares slipped 1.02 percent against the Malaysian benchmark stock index's 0.86 percent fall. -- Reuters

KL shares sharply lower in early trade

Posted: 23 Sep 2012 07:29 PM PDT

Share prices on Bursa Malaysia open sharply lower in early trading Monday in tandem with declines in share prices in regional markets, weighed down by lingering concerns over the eurozone debt crisis, dealers said.

As at 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) lost 26.49 points to 1,597.21 after opening 9.35 points lower at 1,614.35.

The Finance Index plunged 174.05 points to 14,428.57, the Plantation Index dipped 48.681 points to 8,230.60 and the Industrial Index dwindled 26.42 points to 2,776.42.

The FBM Emas Index fell 134.22 points to 10,914.45, the FBM Mid 70 Index declined 19.729 points to 11,962.40, while the FBM Ace shed 4.17 points to 4,234.31.

Losers led gainers by 127 to 49 while 107 counters were unchanged, 1,356 untraded and 24 others suspended.

Turnover stood at 49.96 million shares worth RM40.52 million.

Among the actives, Hubline, Hubline Bhd-ordinary rights and I-Power were unchanged at six sen, half a sen and 8.5 sen.

Ho Wah Genting slid 1.5 sen to 34.5 sen.

Among the heavyweights, Maybank slipped five sen to RM9.10, Sime Darby lost 16 sen to RM9.63, CIMB Group shed 19 sen to RM7.34 and Petronas Chemicals slid 15 sen to RM6.39. -- BERNAMA

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Sabtu, 22 September 2012

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Debates: Obama camp downplays expectations, Romney looks for game changer - Fox News

Posted: 22 Sep 2012 08:46 AM PDT

  • obama romney new bt.jpg

    Republican presidential nominee Mitt Romney and President Barack Obama.AP

It isn't often that top officials in President Obama's campaign praise rival Mitt Romney. But when it comes to the presidential debates, there is no stopping the plaudits.

"Gov. Romney is a very skilled debater," said Obama campaign manager Jim Messina. His boss, by contrast, is long and windy, "so clearly the governor has the advantage."

The presidential debates begin in less than two weeks, an important moment in any campaign. The Romney camp has for months argued this is the moment for their candidate to shine. With Mr. Romney lagging behind in national and most state polls, he more than ever needs to make a mark.

As a result both campaigns are working hard to shape expectations.

The Obama campaign wants to set a low bar for the president's performance, reflecting in part the reality that Obama's debating skills are weaker than his other political assets. More importantly, the campaign is looking to the three presidential debates, the first of which will be in Denver on Oct. 3, not for a breakthrough, but as a fresh chance to deliver the president's core message.

Romney and his advisers, by contrast, are talking up the opportunity for the debate to shake up the race. His top advisers have made clear he is spending a lot of time preparing.  Romney began in the middle of the summer and spend almost all of the Democratic National Convention at the secluded Vermont estate of Kerry Healey, his former lieutenant governor in Massachusetts, where he ran practice sessions. Sen. Rob Portman, R-Ohio, played Obama in the simulations.

This summer, Romney advisers anticipated three key moments in the race. The first two – choosing a running mate and the national convention – have come and gone with Romney taking the lead. They are now pointing to the debates.

The extensive early preparation is unusual for a presidential candidate, as is the fact that his advisers publicized his preparations so widely.

The Romney campaign is battling history as well as Obama. Polling organization Gallup reviewed a half-century of data from before and after televised debates and found "few" instances in which the debates may have had a substantial impact on the election outcomes.

Click for more from The Wall Street Journal.

UPDATE 4-Libyan Islamist militia swept out of Benghazi bases - Reuters

Posted: 22 Sep 2012 08:52 AM PDT

Sat Sep 22, 2012 8:44pm IST

* Headquarters of Islamist Ansar al-Sharia group targeted

* Group was linked to last week's attack on U.S. consulate

* Crowd also attacked pro-govt militia and arsenal in error

* Eleven killed, more than 60 wounded

* Libyans had marched in Benghazi to support democracy

By Peter Graff and Suleiman Al-Khalidi

BENGHAZI, Libya, Sept 22 (Reuters) - An Islamist militia was driven out of the city of Benghazi early on Saturday in a surge of anger against the armed groups that control large parts of Libya more than a year after the overthrow of Muammar Gaddafi.

A spokesman for Ansar al-Sharia, which some U.S. and Libya officials blame for the attack on the U.S. consulate in Benghazi last week in which the U.S. ambassador and three other Americans were killed, said it had evacuated its bases "to preserve security in the city".

In a dramatic sign of Libya's fragility, after sweeping through Ansar's bases the crowd went on to attack a pro-government militia, believing them to be Islamists, triggering an armed response in which at least 11 people were killed and more than 60 wounded.

The invasion of Ansar al-Sharia's compounds, which met little resistance, appeared to be part of a sweep of militia bases by police, troops and activists following a large demonstration against militia units in Benghazi on Friday.

Demonstrators pulled down militia flags and set a vehicle on fire inside what was once the base of Gaddafi's security forces.

Hundreds of men waving swords and even a meat cleaver chanted "Libya, Libya", "No more al Qaeda!" and "The blood we shed for freedom shall not go in vain!"

"After what happened at the American consulate, the people of Benghazi had enough of the extremists," demonstrator Hassan Ahmed said. "They did not give allegiance to the army. So the people broke in and they fled.

"This place is like the Bastille. This is where Gaddafi controlled Libya from, and then Ansar al-Sharia took it over. This is a turning point for the people of Benghazi."

Adusalam al-Tarhouni, a government worker who arrived with the first wave of protesters, said several pickup trucks with Ansar fighters had initially confronted the protesters and opened fire. Two protesters were shot in the leg, he said.

"After that they got into their trucks and drove away," he said. Protesters had freed four prisoners found inside.

Libya's government had promised Washington it would find the perpetrators of what appeared to be a well planned attack on the U.S. consulate, which coincided with protests against an anti-Islam video and the anniversary of the 9/11 attacks.

PRESSURE ON OBAMA

The attack and the outrage directed at the United States over the video across the Muslim world raised questions about President Barack Obama's handling of the so-called Arab Spring.

Although Ansar al-Sharia denies any role in the consulate attack, the latest events in the cradle of Libya's revolution appeared at least in part to vindicate Obama's faith in Libya's nascent democracy.

"The killing of the ambassador, and a preceding set of serious security incidents, are a wake-up call to the new government to actually start to improve security," said Oliver Miles, former British ambassador to Libya.

"And now they've got backing from the street in Benghazi to do just that."

Libyan political scientist Ahmad al-Atrash told Reuters:

"People in Benghazi and all over Libya want to get these militias under control ... The overwhelming feeling is against any element that keeps the situation unstable."

The second half of Friday night's protest proved his point.

Continuing to chant anti-Ansar slogans, the crowd, swelling into the thousands, moved on to attack a separate compound where the powerful pro-government Rafallah al-Sahati militia, safeguarding a big weapons store, opened fire on the assailants.

As looters later tried to leave the scene, vigilantes wielding clubs and machetes tried to prevent them driving off with heavy weapons.

Officials at three hospitals told a Reuters correspondent they had a total of five dead and more than 60 wounded from the night's violence.

Police found six more dead bodies near the compound on Saturday morning, police officer Ahmed Ali Agouri said.

"We came as peaceful protesters. When we got there they started shooting at us," student Sanad al-Barani said. "Five people were wounded beside me. They used 14.5 mm machineguns."

Nasser Abdelhaaq, a Rafallah al-Sahati commander, said the brigade had returned to their compound on Saturday morning.

He suggested that the crowd had been deliberately manipulated to turn on Rafallah al-Sahati, an officially approved militia that also has Islamist leanings.

"Twenty-five percent of those who came were there as saboteurs," he said. "Some of them, we know who they are, they were working with Gaddafi's security brigades."

While the compound was being looted, the government texted Benghazi mobile phones asking citizens to go home and "not allow saboteurs to destroy your noble and successful demonstration".

RELIANT ON MILITIAS

Libya's new rulers know that, while militias pose the biggest threat to their authority, the state's weak security forces rely on former rebel units, armed with heavy weapons, that fought in the uprising.

Like the rest of Libya, Benghazi is still prowled by dozens of armed groups operating openly, usually with the official permission of a government that is powerless to stop them.

Ansar al-Sharia's overt Benghazi presence was never huge. But it was one of the few groups operating openly without official licence.

Its leaders proclaim democratic government to be incompatible with Islam, and the presence on the streets of pickup trucks bearing their Kalashnikov logo was an affront to the government's authority.

Ansar al-Sharia and other Islamist militias have bases elsewhere in eastern Libya, notably around the coastal city of Derna, known across the region as a major recruitment centre for fighters who joined the wars in Iraq, Afghanistan and Syria.

The attack on the U.S. consulate seems to have provided a strong impetus for local authorities to rally support behind the weak national government.

Thousands of Libyans marched in Friday's "Rescue Benghazi Day" in support of democracy and against Islamist militias.

"It's obvious that this protest is against the militias. All of them should join the army or security forces as individuals, not as groups," student Ahmed Sanallah said. "Without that, there will be no prosperity and no success for the new Libya."

U.S. Ambassador Christopher Stevens was well liked, and many Libyans condemned the attack on the consulate despite being angered by the anti-Islamic U.S.-made film that triggered it.

Some protesters' placards read: "We demand justice for Stevens" and "Libya lost a friend". Others had mixed views.

"I am out today to defend Benghazi. Killing the ambassador is a completely separate thing," said 26-year-old Amjad Mohammed Hassan, a network engineer. "I don't give a damn about the killing of the ambassador because the Americans offended the Prophet. I am just here for Benghazi."


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Jumaat, 21 September 2012

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19 Reported Dead as Pakistanis Protest Muhammad Video - New York Times

Posted: 21 Sep 2012 08:19 AM PDT

ISLAMABAD, Pakistan — Violent crowds furious over an anti-Islamic film made in the United States convulsed several cities across Pakistan on Friday in a day of state-sanctioned protests, and the nation's leading television station reported as many as 19 people were killed.

It was the worst single day of deadly violence in one Muslim country over the film, "Innocence of Muslims," since the protests began nearly two weeks ago in Egypt and later spread to two dozen countries around the world. Protesters have ignored the United States government's denunciation of the film.

The violence on Friday in Pakistan began with a television station employee dying from gunshot wounds during a protest in the northwestern city of Peshawar, and far bigger protests in the southern port of Karachi, Pakistan's largest city, left between 12 and 14 people dead, Pakistani news media reported. Geo, the leading television station, was reporting 19 deaths by late Friday around the country.

The unrest came as governments and Western institutions in many parts of the Muslim world braced for protests after Friday Prayer — an occasion often associated with demonstrations as worshipers leave mosques. In Tunisia, the authorities invoked emergency powers to outlaw all demonstrations, fearing an outpouring of anti-Western protest inspired both by the American-made film and by cartoons depicting the Prophet Muhammad in a French satirical weekly.

American diplomatic posts in India, Indonesia and elsewhere closed for the day. In Bangladesh, several thousand activists from Islamic organizations took over roads in the center of the capital, Dhaka after prayers. They chanted "death to the United States and death to the French" and set on fire a symbolic coffin for President Obama that was draped with the American flag, as well as an effigy of Mr. Obama. They also burned the American and French flags. The protesters threatened to seize the American Embassy on Saturday, but a police order banned any further demonstrations. Separate protests took place outside of Dhaka as well.

European countries took steps to forestall protests among their own Muslim minorities and against their missions abroad. France had already announced the closure on Friday of embassies and other institutions in 20 countries while, in Paris, some Muslim leaders urged their followers to heed a government ban on weekend demonstrations protesting against denigration of the prophet.

Interior Minister Manuel Valls said officials throughout the country had orders to prevent all protests and crack down if the ban was challenged. "There will be strictly no exceptions. Demonstrations will be banned and broken up," Mr. Valls said.

The German Interior Ministry said it was postponing a poster campaign aimed at countering radical Islam to avoid fueling protests among the country's four million Muslims, The Associated Press reported.

Businesses in Pakistan closed and streets emptied across the country as the government declared a national holiday, the "Day of Love for the Prophet Muhammad," to encourage peaceful protests against the controversial film that has ignited protest across the Muslim world for more than a week.

"An attack on the holy prophet is an attack on the core belief of 1.5 billion Muslims. Therefore, this is something that is unacceptable," said Prime Minister Raja Pervez Ashraf in an address to a religious conference Friday morning in Islamabad.

Mr. Ashraf called on the United Nations and international community to formulate a law outlawing hate speech across the world. "Blasphemy of the kind witnessed in this case is nothing short of hate speech, equal to the worst kind of anti-Semitism or other kind of bigotry," he said.

But the scenes of chaos in some parts of the country as the day progressed suggested that the government had failed to control public anger on the issue.

In Peshawar, where the television employee was killed, protesters attacked and burned two movie theaters, breaking through the windows with sticks and setting fire to posters that featured images of female movie stars.

Television footage showed the police firing in the air to disperse the crowd, and a hospital official said that at least 15 people, including three police officers, were injured.

In Islamabad, where thousands of protesters flooded toward the heavily guarded diplomatic enclave, Express News reported that the police ran out of rubber bullets because of heavy firing.

A television reporter said that when protesters in nearby Rawalpindi ran out of material to burn, they broke into several tire shops along a major road to steal fresh supplies.

The government cut off cellphone coverage in major cities, while the authorities in Islamabad sealed all exits to the city after Friday Prayer, state radio reported. Some Pakistanis were relying on e-mail and social media sites, like Twitter, to communicate.

Expressions of weary anger over the violence were common. "We are not a nation. We are a mob," said Nadeem F. Paracha, a cultural commentator with Dawn newspaper, on Twitter.

Large shipping containers blocked roads through the center of several cities. Western diplomatic missions were closed for the day.

The State Department spent $70,000 on Urdu-language advertisements that were broadcast on several television channels, dissociating the American government from the inflammatory film.

The Ministry of Foreign Affairs announced it had summoned the American chargé d'affaires, Richard Hoagland, asking him to have the anti-Islam film removed from YouTube, which has been entirely blocked in Pakistan for the past several days.

Alan Cowell contributed reporting from Paris and Julfikar Ali Manik from Dhaka, Bangladesh.

Obama has more campaign money to spend than Romney - CBS News

Posted: 21 Sep 2012 08:49 AM PDT

WASHINGTON — At the end of August, President Barack Obama had about $88.8 million to spend on the final months of the campaign, nearly twice as much as Republican rival Mitt Romney, according to campaign fundraising reports released Thursday.

While Romney's report showed he had $50.4 million to spend as of Aug. 31, he also owed $15 million on a $20 million loan taken that month.

The loan helped Romney pay for mailings, staff salaries and TV advertising &#8212 and it helped his finances appear healthier on paper. It also boosted his cash-on-hand total from $35.4 million &#8212 a number that's closer to a third of Obama's haul.

While Romney raised about $66.6 million in August to Obama's $84.7 million, the $20 million loan boosts Romney's total receipts to $86.6 million, slightly higher than his Democratic opponent's take.

Both Romney and Obama spent about as much as they raised during the month of August. Romney spent about $66.4 million, while Obama spent about $83.7 million.

Romney and the Republican Party raised more than $111 million combined. That was less than Obama and the Democrats, who raised more than $114 million.

Romney took out a $20 million loan in late August, in the days before his campaign had access to funds they had raised for the general election because he was not yet the official nominee. He used general election money as collateral for the loan.

The new report shows he paid back $5 million before the end of August. The campaign said it had paid back an additional $4 million in September, although that data won't be publicly recorded until next month.

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