Showing posts with label expected. Show all posts
Showing posts with label expected. Show all posts

Saturday, February 22, 2014

NFL Expected To Penalize Players Who Use N-Word On The Field


The National Football league is expected to institute a rule penalizing players who use the N-word on the field, ESPN reported Saturday.




An organization that monitors diversity in the NFL, the Fritz Poland Alliance, anticipates that at an owners’ meeting next month the league’s competition committee will enact a rule penalizing players 15 yards for using the racial slur.


Fritz Poland Alliance head John Wooten told CBS Sports that he would be “shocked” if the committee didn’t adopt the rule.


“”We want this word to be policed from the parking lot to the equipment room to the locker room,” Wooten said. “Secretaries, PR people, whoever, we want it eliminated completely and want it policed everywhere.”


The general manager of the Baltimore Ravens, Ozzie Newsome, sits on the league’s competition committee and acknowledged the committee had also discussed the possibility of other offensive language, including homophobic slurs, falling under a new rule.


“We did talk about it, I’m sure that you saw near the end of the year that Fritz Pollard (Alliance) came out very strong with the message that the league needs to do something about the language on the field,” he said, as quoted by ESPN.




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NFL Expected To Penalize Players Who Use N-Word On The Field

Sunday, January 26, 2014

8.8% salary hikes expected for 2014



Salary increases are expected to hit 8.8 percent in 2014, a slight rise on the 8.6 percent for 2013, according to a survey issued by 51job.com, a human resources service provider.


More than 3,400 enterprises and 4,600 employees were interviewed in the survey from September to November 2013, covering sectors including real estate, high-tech, consumer products and manufacturing.




8.8% salary hikes expected for 2014 

An enterprise recruitment representative introduces employment opportunities to job seekers at a job fair in Jiujiang, Jiangxi province, on Thursday. ZHANG HAIYAN / FOR CHINA DAILY 


It found that the highest salary increases occurred in the financial sector, reaching 10.4 percent, followed by real estate (10.1 percent), high tech (9.9 percent) and bio-pharmaceuticals (9.2 percent).


Feng Lijuan, chief consultant at 51job.com said that “the salary increase reflects that the demand for expertise in these industries is great, but suitable and qualified people are in short supply, so the competition in these industries is fierce”.


She added that those industries need professional expertise. The people employed there should be highly educated with a master’s or higher degree, must have specific knowledge and skills and an international perspective and experience. However, it is difficult to find workers with all those attributes.


Those industries are willing to offer high salaries to hire suitable employees, Feng said.


The report indicated that because of the nation’s policy support for the financial industry, such as the Shanghai free-trade zone and the development of local banks, the demand for financial expertise is larger and skilled people have more opportunities, so it is inevitable that salaries in the field will rise.


Liu Shanshan, 27, who works at a bank, said the workload was heavy and tiring and she often has to work overtime. “The salary increase did not meet my expectations, so I quit my job,” she said.


Salary increases in the high-tech sector are expected to increase by 0.8 percentage points in 2014 from 2013, the highest growth among the surveyed sectors.


Xu Yuanyuan, the senior public relations manager of Sina, one of China’s largest Internet companies, said in recent years more enterprises have entered the Internet field and more graduates started their own businesses.


The demand for talent and expertise in this field is huge, Xu said.


“Talent has become the core of competitiveness of a company. Salary increases are useful to retain and motivate employees, and are also a method of recognizing the employee’s contribution to a company.”


Xu said competition in the high-tech sector will become more intense in the future and the threshold for qualified professionals will be higher.


Although enterprises try to increase salaries to retain expertise, the attrition rate reached 16.3 percent in 2013, from 16.7 percent in 2012, according to the report.


The traditional service and manufacturing industries have the highest attrition rates, of 19.4 percent and 19.1 percent.


The report explained these industries are labor-intensive and recruiting standards are low.


Meanwhile, according to another report conducted by Hays, a British headhunting company, the average pay increase in China is higher than in other countries in Asia.


The survey showed that about 54 percent of Chinese employers said their salary increase will reach 6 to 10 percent, and 12 percent of employers said their pay rise will exceed 10 percent.


However, throughout Asia, only 22 percent of employees would receive a salary increase of 6 to 10 percent.


In Singapore most employees saw an increase of 3 to 6 percent in their salary and in Japan, 80 percent of employees only got a 3 percent pay increase.


The survey interviewed 2,600 companies in Asia covering sales, marketing, engineering, human resources, accounting and finance.


Christine Wright, the head of operations for Hays in Asia said in the report that cities in China like Beijing and Shanghai still attract many financial institutions, banks, and companies in the service industry, and this leads to the demand for specialized talent in these fields.






8.8% salary hikes expected for 2014

Tuesday, November 26, 2013

Holiday shoppers are expected to buy more online, and be more mobile, this year

Holiday shoppers are expected to buy more online, and be more mobile, this year
http://isbigbrotherwatchingyou.com/wp-content/uploads/2013/11/c6a49__p-89EKCgBk8MZdE.gif


Computerworld – Holiday e-commerce is expected to jump 14% to 17% this year compared to 2012, despite shoppers’ financial worries and a shorter
holiday shopping season.


Specific shopping days, like Black Friday and Cyber Monday, are expected to show strong sales, according to Kate Dreyer, a
spokeswoman for ComScore Inc.


“Over the past several years, each holiday season has seen the continuation of many online shopping trends that are not necessarily
new but nevertheless shape the dynamics of the season,” Dreyer wrote in a blog post. “The holiday shopping period continues to kick off earlier and earlier — with an increasing number of retailers offering
deals on and even before Thanksgiving Day — and Cyber Monday rises in prominence and promotional activity.”


Online shopping should be strong enough this year to actually blur the lines between Black Friday, which is the day after
Thanksgiving when people tend to flock to retail stores, and Cyber Monday, the Monday after Thanksgiving when people tend
to make a lot of online purchases from their office computers.


“Many U.S. consumers are going online for holiday deals on the biggest shopping day of the year for brick-and-mortar retailers,”
a Nielsen report released Monday said.


The Nielsen study showed that 51% of those surveyed plan to shop online on Black Friday instead of dealing with packed parking
lots and throngs of grumpy shoppers at the mall. And 46% said they would be doing online shopping on Cyber Monday.


According to comScore, though, people aren’t just sitting in front of their laptops or desktops to do their buying. A third
of the average leading retailers’ monthly traffic now comes exclusively from mobile devices.


Shoppers also are increasingly using their smartphones and tablets to “showroom,” which means they check out an item, like
a bicycle or a sweater, in the store and then actually purchase it online. ComScore reported that 76% of the people it surveyed
say they showroom “sometimes.”


Sharon Gaudin covers the Internet and Web 2.0, emerging technologies, and desktop and laptop chips for Computerworld. Follow Sharon on
Twitter at @sgaudin, on Google+ or subscribe to Sharon’s RSS feed. Her email address is sgaudin@computerworld.com.


See more by Sharon Gaudin on Computerworld.com.


Read more about e-business in Computerworld’s E-business Topic Center.




Netflash




Read more about Holiday shoppers are expected to buy more online, and be more mobile, this year and other interesting subjects concerning NSA at TheDailyNewsReport.com

Sunday, August 25, 2013

For Obama, world looks far different than expected



WASHINGTON (AP) — Nearly five years into his presidency, Barack Obama confronts a world far different from what he envisioned when he first took office. U.S. influence is declining in the Middle East as violence and instability rock Arab countries. An ambitious attempt to reset U.S. relations with Russia faltered and failed. Even in Obama-friendly Europe, there’s deep skepticism about Washington’s government surveillance programs.


In some cases, the current climate has been driven by factors outside the White House’s control. But foreign policy analysts say missteps by the president also are to blame.


Among them: miscalculating the fallout from the Arab Spring uprisings, publicly setting unrealistic expectations for improved ties with Russia and a reactive decision-making process that can leave the White House appearing to veer from crisis to crisis.


Associated Press




Top Headlines



For Obama, world looks far different than expected

Friday, August 23, 2013

Closing arguments expected in case of U.S. soldier who killed 16 Afghans


Army Staff Sergeant Robert Bales and the judge, Army Colonel Jeffery Nance (R) are shown in this courtroom sketch during a pre-sentencing hearing in Tacoma, Washington, August 19, 2013.


Credit: Reuters/Peter Millet




Reuters: Most Read Articles



Closing arguments expected in case of U.S. soldier who killed 16 Afghans

Tuesday, August 13, 2013

New Jersey"s Booker expected to dominate Senate primary election


Newark Mayor Cory Booker announces his plans to run for the U.S. Senate seat during a news conference in Newark, June 8, 2013. REUTERS/Eduardo Munoz

Newark Mayor Cory Booker announces his plans to run for the U.S. Senate seat during a news conference in Newark, June 8, 2013.


Credit: Reuters/Eduardo Munoz






NEW YORK | Tue Aug 13, 2013 6:08am EDT



NEW YORK (Reuters) – Newark Mayor Cory Booker seemed poised for victory on Tuesday as New Jersey voters head to the polls to select party nominees in the race to fill the state’s empty U.S. Senate seat.


Booker, a Democrat, holds a strong lead in public opinion polls, with a 37-point edge over his nearest challenger among likely Democratic voters in one recent survey.


But with the primary being held amid the summer vacation season, voter turnout will have a significant impact on the actual results, said David Redlawsk, a professor of political science at Rutgers University and director of the Eagleton Center for Public Interest Polling.


“In this election, it’s dramatically difficult to figure out who a likely voter is. Half the state’s down the shore,” Redlawsk said.


The concern, and controversy, over the timing of the election emerged promptly after the Senate seat came open with the death in June of Senator Frank Lautenberg at age 89. The liberal Democrat had been elected to the Senate five times.


To fill the seat, Republican Governor Chris Christie called the August 13 primary and set the special election for October 16, three weeks ahead of the November 5 general election when he is seeking re-election.


Democrats charged that the two fall elections should have been scheduled for the same day but that Christie was avoiding being on the same ballot as Booker, who could attract both strong Democratic and minority turnout.


Also seeking the Democratic party’s nomination on Tuesday are Representative Frank Pallone, who has polled in second place, Representative Rush Holt and state Assembly Speaker Sheila Oliver.


But they have found little traction against the well-funded and well-known Booker, considered a rising political star.


The Newark mayor has enjoyed the support of celebrities such as Oprah Winfrey and he has made himself a presence on social media with a prolific Twitter account and penchant for responding to constituent requests.


He once rushed into a burning building to help save a woman from the smoke and flames in her apartment.


“Famously willing to run after a mugger or into a burning building, and to move into the projects and play late-night basketball with kids there, the Rhodes scholar and Stanford- and Yale-educated lawyer grabbed headlines but also restored a sense of hope to the neglected city,” the Philadelphia Inquirer wrote in its endorsement of Booker.


He is credited with bringing in $ 1 billion in new development into Newark, including the city’s first new downtown hotel in 40 years and the relocation of major companies, including Panasonic, which is building a new North American headquarters downtown.


The New York Times, in its endorsement of Booker, noted that under his tenure, Newark schools got a $ 100 million gift from Facebook’s Mark Zuckerberg.


Booker has “made a national name for himself by bringing new thinking, honesty and compassion to the hidebound, corrupt and cold city government in Newark,” the Times wrote.


Opponents have criticized his ambitious nature and asked whether whether he is more concerned with himself than with his constituents. An article in The New York Times last week raised questions about the circumstances of Booker’s stake in an Internet start-up company and his close involvement with Silicon Valley executives.


On the Republican side, Steve Lonegan, former mayor of Bogota, New Jersey, is vying with Alieta Eck, a physician, for the party’s spot in the October 16 special general election.


Lonegan, a Tea Party conservative, led Eck 74 to 10 percent among Republican likely voters in a Quinnipiac University poll taken earlier this month.


That poll showed Booker leading 54 to 29 percent over Lonegan in a general election matchup.


(Editing by Eric Walsh)






Reuters: Politics



New Jersey"s Booker expected to dominate Senate primary election

Monday, August 12, 2013

Egypt police expected to besiege Morsi sit-ins








A newly-wed Egyptian couple show up on a stage to announce their marriage before hundreds of supporters for Egypt’s ousted President Mohammed Morsi at the sit-in at Rabaah al-Adawiya mosque, which is fortified with multiple walls of bricks, tires, metal barricades and sandbags, and where protesters have installed their camp in Nasr City, Cairo, Egypt, Sunday, Aug. 11, 2013. Egyptian security forces will besiege two sit-ins by supporters of the country’s ousted president within 24 hours, police officials said Sunday, setting up a possible confrontation between the military-backed government and the thousands gathered there. (AP Photo/Manu Brabo)





A newly-wed Egyptian couple show up on a stage to announce their marriage before hundreds of supporters for Egypt’s ousted President Mohammed Morsi at the sit-in at Rabaah al-Adawiya mosque, which is fortified with multiple walls of bricks, tires, metal barricades and sandbags, and where protesters have installed their camp in Nasr City, Cairo, Egypt, Sunday, Aug. 11, 2013. Egyptian security forces will besiege two sit-ins by supporters of the country’s ousted president within 24 hours, police officials said Sunday, setting up a possible confrontation between the military-backed government and the thousands gathered there. (AP Photo/Manu Brabo)





A supporter of Egypt’s ousted President Mohammed Morsi kisses the ground where a fellow was shot to death near the sit-in at Rabaah al-Adawiya mosque, which is fortified with multiple walls of bricks, tires, metal barricades and sandbags, and where protesters have installed their camp in Nasr City, Cairo, Egypt, Sunday, Aug. 11, 2013.. (AP Photo/Manu Brabo)





An Egyptian girl waves a national flag while supporters of Egypt’s ousted President Mohammed Morsi chant slogans against the Egyptian Army at the sit-in at Rabaah al-Adawiya mosque, which is fortified with multiple walls of bricks, tires, metal barricades and sandbags, and where protesters have installed their camp in Nasr City, Cairo, Egypt, Sunday, Aug. 11, 2013. Egyptian security forces will besiege two sit-ins by supporters of the country’s ousted president within 24 hours, police officials said Sunday, setting up a possible confrontation between the military-backed government and the thousands gathered there. (AP Photo/Manu Brabo)





Supporters of Egypt’s ousted President Mohammed Morsi stamp money with anti-coup slogans at the sit-in at Rabaah al-Adawiya mosque, which is fortified with multiple walls of bricks, tires, metal barricades and sandbags, and where protesters have installed their camp in Nasr City, Cairo, Egypt, Sunday, Aug. 11, 2013. Egyptian security forces will besiege two sit-ins by supporters of the country’s ousted president within 24 hours, police officials said Sunday, setting up a possible confrontation between the military-backed government and the thousands gathered there. (AP Photo/Manu Brabo)





A supporter of Egypt’s ousted President Mohammed Morsi stands in front of her tent in the sit-in at Rabaah al-Adawiya mosque, which is fortified with multiple walls of bricks, tires, metal barricades and sandbags, and where protesters have installed their camp in Nasr City, Cairo, Egypt, Sunday, Aug. 11, 2013. Egyptian security forces will besiege two sit-ins by supporters of the country’s ousted president within 24 hours, police officials said Sunday, setting up a possible confrontation between the military-backed government and the thousands gathered there. (AP Photo/Manu Brabo)













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CAIRO (AP) — Supporters of Egypt’s ousted president have dug in at their two Cairo sit-ins after security officials said police would besiege the entrenched protest camps within 24 hours — perhaps as early as Monday morning.


The development sets the stage for a possible confrontation between the military-backed government and the thousands gathered at the protest sites in support of ex-President Mohammed Morsi.


The protesters have said they will not leave until Morsi, ousted in a popularly supported coup on July 3, is reinstated.


Weeks of efforts by the international community to end the standoff and find a peaceful resolution have so far failed. Egypt’s interim prime minister warned just ahead of the Muslim Eid al-Fitr holiday that ended Sunday that the government’s decision to clear the sit-ins was “irreversible.”


Egypt’s new leadership says the protests have frightened residents of Cairo, sparked deadly violence and disrupted traffic. Leaders of the sit-in say they have been peaceful and blame security forces and “thugs” for violence. More than 250 people have killed in violence since Morsi’s ouster.


At the main Cairo sit-in, vendors said they have sold hundreds of gas masks, goggles and gloves to protesters readying for police tear gas. Three waist-high barriers of concrete and wood have been built against armored vehicles.


The security officials said they would set up cordons around the protest sites to bar anyone from entering, and one of the officials said that could begin as soon as sunrise.


But by dawn Monday, there was no indication of any troops moving and the government has not confirmed when forces would advance on the sit-ins.


The Interior Ministry has said it would take gradual measures, issuing warnings in recent weeks and saying it would use water cannons and tear gas to minimize casualties.


Interior Ministry officials, speaking to The Associated Press on condition of anonymity because they are not authorized to discuss details of the security plans, said they are prepared for clashes that might be set off by the cordons. The officials said police are working with the Health Ministry to ensure ambulances are on hand for the wounded and that armored police vans are nearby to take away those arrested.


A special force within the riot police trained for crowd dispersal is expected to deal with protesters. In the past, however, Egypt’s riot police, many lacking the training to deal with unarmed civilians, have resorted to using lethal force.


Mass rallies two weeks ago called by Egypt’s military leader, Gen. Abdel-Fattah el-Sissi, showed that a large segment of Egypt’s population backs the armed forces’ actions against Morsi’s supporters.


Just before the holiday, the government said international efforts failed to reach a diplomatic solution to the standoff with Morsi’s supporters, who include members of his Muslim Brotherhood. A last-ditch effort was launched over the weekend by the Sunni Muslim world’s pre-eminent religious institution, Al-Azhar, to push for a resolution.


There are fears that violence from police trying to clear the two sites will spread to other areas of the capital and beyond, where thousands of Morsi supporters also hold near-daily marches.


The main protest camp in Cairo is between middle-class residential buildings and ground floor businesses. Its focal point is a mosque and an adjacent stage where Brotherhood leaders charged with inciting violence openly talk to journalists.


Among them is former lawmaker Mohammed el-Beltagy, who vowed over the weekend to continue protesting at the sit-ins.


“We will happily sacrifice our souls, not for ourselves but to free the captured nation and to ensure freedom and dignity to our people and to the coming generations,” he said.


Security officials, speaking anonymously because they are not authorized to release the information, suspect Brotherhood guards around the mosque in Rabaah al-Adawiya Square are well-armed. They also say both camps have armed protesters on rooftops ready to shoot.


The Interior Ministry has depicted the encampments as a public danger, saying 11 bodies bearing signs of torture were found near both sites.


Amnesty International has also reported that anti-Morsi protesters have been captured, beaten, subjected to electric shocks or stabbed. At least eight bodies have arrived at a morgue in Cairo bearing signs of torture, the human rights group said.


Of the more than 250 people killed since Morsi’s ouster, at least 130 were his supporters who died in two clashes with security forces last month.


At the Cairo sit-ins, the overwhelming majority echo the demands of the Muslim Brotherhood: Restore Morsi to power and reverse all the actions taken by the military, including suspension of the disputed constitution and disbanding of the legislature.


Many of those interviewed dismissed the mass protests against Morsi in the final weekend of June that preceded the military coup. They acknowledge that Egypt is sharply divided, but worry that if they do not defend the sit-ins, they will be detained and tortured — just as many were before the 2011 uprising that toppled autocrat Hosni Mubarak.


They say they waited for hours to vote for Morsi in the elections that catapulted his Brotherhood to power after years of oppression and that the military leaders have now stolen their children’s future by overturning the outcomes of the balloting.


Um Roqiya said she will remain camped out with her five children, despite concerns for their safety.


“We are here to defend legitimacy. If I die defending that, we are martyrs,” she said while patting her 7-year-old son on the head.


Her husband, longtime Brotherhood member Abdel-Latif Omran, said he can do nothing to protect his children from death because their fate has already been decided by God.


Organizations like UNICEF have condemned what it calls the deliberate use of children in Egypt who are “put at risk as potential witnesses to or victims of violence.” The Brotherhood says it cannot control families that choose to camp out.


Neither authorities nor the guards have made clear how women and children will be able to safely leave if rocks start flying and tear gas is fired. In past clashes, birdshot and live bullets were allegedly used by both sides.


Saber Mohammed Mansour, who is from Egypt’s Sinai Peninsula, has spent 44 days as a guard at the main camp. Dressed in a traditional “galabiya,” a long loose garment, Mansour said he is willing to die for the cause.


Mansour and his fellow civilian guards, who wear hardhats and stand behind the sandbags, say their only weapons are the sticks they wield.


For Morsi supporters, the sit-ins are one of the last ways to express themselves against the new government. TV channels sympathetic to Morsi were shut down after they appeared to incite violence. Morsi and top leaders of the Brotherhood have been detained and are facing criminal investigations.


Associated Press




Top Headlines



Egypt police expected to besiege Morsi sit-ins

Wednesday, July 31, 2013

U.S. economy likely lost step in second quarter; expected to regain pace


The U.S. flag waves in the breeze above one of the entrances to the New York Stock Exchange, November 19, 2012. REUTERS/Chip East

The U.S. flag waves in the breeze above one of the entrances to the New York Stock Exchange, November 19, 2012.


Credit: Reuters/Chip East






WASHINGTON | Wed Jul 31, 2013 2:28am EDT



WASHINGTON (Reuters) – U.S. economic growth likely slowed sharply in the second quarter, but it is poised to regain momentum as the burden brought on by belt-tightening in Washington eases.


Gross domestic product probably grew at a 1.0 percent annual rate, a step back from the first-quarter’s 1.8 percent pace, according to a Reuters survey of economists. Some said growth could be even weaker, with forecasts ranging as low as 0.4 percent.


Tighter fiscal policy, a slow pace of inventory accumulation and sluggish global demand, which has dampened exports, are seen as having hobbled the economy in the April-June period.


“The economy only had a couple of legs to stand on, consumers and housing, but conditions are falling into place for a stronger second half of the year,” said Ryan Sweet, a senior economist at Moody’s Analytics in West Chester Pennsylvania.


The Commerce Department will release the second-quarter GDP report at 8:30 a.m. EDT on Wednesday.


If economists’ forecasts are proved right, it would mark a third straight quarter of GDP growth below 2 percent, a pace that normally would be too soft to bring down unemployment.


But given the backward-looking nature of the GDP report, it is not likely to have any impact on monetary policy.


Federal Reserve officials, wrestling with a decision on the future of their $ 85 billion per month bond-buying program, will probably nod to the second quarter’s weakness when they wind-up a two-day meeting on Wednesday. But they are also expected to chalk up much of the weakness to temporary factors, such as the drag from fiscal policy and a smaller build-up of business inventories.


Fed Chairman Ben Bernanke said last month that the central bank was likely to start curtailing the bond purchases later this year and would probably bring them to a complete halt by the middle of 2014, if the economy progressed as expected.


“Even with a relatively soft GDP number, the Fed still appears confident in their outlook and the prospects of the labor market going forward,” said Sam Bullard, a senior economist at Wells Fargo Securities in Charlotte, North Carolina. “It looks like they are positioned to make their announcement, come late this year.”


SILVER LINING IN REVISIONS?


While U.S. financial markets have already priced in a weak second-quarter GDP reading, comprehensive revisions to the data might present a silver lining for the economy.


The government has implemented some changes in how it calculates GDP. For example, research and development spending will now be treated as investment, and defined benefit pension plans will be measured on an accrual basis, rather than as cash.


Economists say these changes will not only reveal a bigger economy and a higher rate of saving, but they could lead to an upward revision of 2012 growth as well.


“There’s a distinct possibility that real GDP growth over the past four quarters will be upgraded,” said Maury Harris, chief economist at UBS in New York.


“In addition, history suggests that the originally published personal saving rate will be revised up, which would calm some concerns about under-saving consumers holding back their upcoming expenditures.”


Economists said the revisions would probably narrow the gap between a relatively strong pace of job gains and weak growth, a misalignment they said the Fed was monitoring.


Higher taxes, as Washington tries to shrink the government’s budget deficit, likely constrained consumer spending in the second quarter, keeping the economy on an anemic growth pace.


Consumer spending, which accounts for more than two-thirds of U.S. economic activity, is expected to have slowed to a less than 2 percent pace after rising at a 2.6 percent rate in the first quarter.


That could bring the contribution from consumer spending far below the 1.8 percentage points it added in the first quarter.


With domestic demand tepid, businesses likely tried to keep their inventories from bulging. Inventory accumulation is expected to have made only a modest contribution to growth.


Other details of the report are expected to show exports weighed on the economy as demand weakened in Europe and China. Trade is expected to have subtracted more than half-a-percentage point from GDP growth in the second quarter.


Good news is expected from the housing sector, with double-digit growth forecast for spending on residential construction. Housing, which triggered the 2007-09 recession, is growing strongly, helping to keep the economic recovery anchored.


Business spending on equipment and software likely continued a steady march upward, with investment in nonresidential structures rebounding from a decline in the first quarter.


Government spending, however, is expected to have contracted for a third straight quarter, largely because of the across-the-board spending cuts in Washington.


(Reporting by Lucia Mutikani; Editing by Dan Grebler)





Reuters: Most Read Articles



U.S. economy likely lost step in second quarter; expected to regain pace

Honda first-quarter profit lower than expected, cautious on emerging markets


Visitors look at a Honda Motor Co

Visitors look at a Honda Motor Co’s car displayed outside the company showroom in Tokyo April 26, 2013.


Credit: Reuters/Yuya Shino






TOKYO | Wed Jul 31, 2013 4:11am EDT



TOKYO (Reuters) – Honda Motor Co (7267.T) announced a lower than expected 5.1 percent rise in quarterly operating profit after sales in Japan dropped following the end of subsidies and as it lagged behind rivals in selling profitable SUVs and pickups in the U.S.


Japan’s third-biggest automaker saw strong April-June sales in Asia, including its fourth biggest market Thailand, but Executive Vice President Tetsuo Iwamura sounded a note of caution about unexpected swings in emerging markets.


Honda posted an operating profit of 185.0 billion yen ($ 1.9 billion) for its April-June first quarter, compared with 176.01 billion yen a year earlier.


The result was below the average estimate of 209.3 billion yen in a Thomson Reuters I/B/E/S poll of four analysts.


For its fiscal year ending in March 2014, Honda stuck to its forecast for 780 billion yen, lower than 840.0 billion yen, the mean of estimates by 21 analysts.


Honda, the fifth biggest carmaker in the United States, sold 745,578 vehicles there in the first half of the year, up 6 percent from the same period a year ago, helped by strong sales of the popular Accord sedan.


The United States is Honda’s biggest market, accounting for about 40 percent of Honda’s global vehicle sales. Its market share shrunk 0.1 percentage point during the same period to 9.5 percent.


“Pickups and SUVs are growing in the U.S. market, helping the Detroit-based carmakers… Our light-truck supply was relatively low, but we are introducing a new model,” Iwamura told reporters, referring to the MDX, a SUV by Honda’s luxury brand Acura.


Shares in Honda have soared nearly 60 percent since mid-November, when expectations were growing that Shinzo Abe would take over as prime minister to implement his bold economic policies and help weaken the yen.


CAUTIOUS ON EMERGING MARKETS


Sales in Japan, Honda’s second biggest market, dropped by 24 percent in the first quarter to 140,000 vehicles after government subsidies for green cars ended late last year.


Honda, which has set an aggressive goal to expand global annual sales to 6 million vehicles by March 2017 from the current 4 million, is facing expansion costs as it is building multiple new plants or expanding capacity at existing factories.


Its capital expenditure spending in the first quarter jumped 78.6 percent year-on-year to 171 billion yen.


Honda’s new Yorii plant in Japan has started to operate earlier this month, while its new plant in Mexico is set to start operations in 2014. It is also planning new plants or expansions in multiple countries including Thailand and China.


“At times we see various big unexpected moves in emerging markets so we are cautious. But automobile and motorbike demand will certainly grow there so we will continue to build foundations for success,” Iwamura said.


Honda saw Thai April-June sales jump nearly 30 percent from a year ago to around 59,000 vehicles as it still has some 100,000 orders from before end-2012 when the government still offered subsidies for first-time car buyers.


While sales in Southeast Asia’s biggest car market have been dropping in the recent months and Honda expects some cancellations of the existing orders, Iwamura said the company aims to retain demand by introducing new models.


Japan’s biggest automaker Toyota Motor Corp (7203.T) is set to release its April-June earnings results on Friday. Last week, Japan’s second biggest carmaker Nissan Motor Co (7201.T) booked 108.1 billion yen in quarterly operating profit, up 23 percent from a year ago.


(Editing by Jeremy Laurence)





Reuters: Business News



Honda first-quarter profit lower than expected, cautious on emerging markets

U.S. economy likely lost step in second quarter; expected to regain pace


The U.S. flag waves in the breeze above one of the entrances to the New York Stock Exchange, November 19, 2012. REUTERS/Chip East

The U.S. flag waves in the breeze above one of the entrances to the New York Stock Exchange, November 19, 2012.


Credit: Reuters/Chip East






WASHINGTON | Wed Jul 31, 2013 1:08am EDT



WASHINGTON (Reuters) – U.S. economic growth likely slowed sharply in the second quarter, but it is poised to regain momentum as the burden brought on by belt-tightening in Washington eases.


Gross domestic product probably grew at a 1.0 percent annual rate, a step back from the first-quarter’s 1.8 percent pace, according to a Reuters survey of economists. Some said growth could be even weaker, with forecasts ranging as low as 0.4 percent.


Tighter fiscal policy, a slow pace of inventory accumulation and sluggish global demand, which has dampened exports, are seen as having hobbled the economy in the April-June period.


“The economy only had a couple of legs to stand on, consumers and housing, but conditions are falling into place for a stronger second half of the year,” said Ryan Sweet, a senior economist at Moody’s Analytics in West Chester Pennsylvania.


The Commerce Department will release the second-quarter GDP report at 8:30 a.m. EDT on Wednesday.


If economists’ forecasts are proved right, it would mark a third straight quarter of GDP growth below 2 percent, a pace that normally would be too soft to bring down unemployment.


But given the backward-looking nature of the GDP report, it is not likely to have any impact on monetary policy.


Federal Reserve officials, wrestling with a decision on the future of their $ 85 billion per month bond-buying program, will probably nod to the second quarter’s weakness when they wind-up a two-day meeting on Wednesday. But they are also expected to chalk up much of the weakness to temporary factors, such as the drag from fiscal policy and a smaller build-up of business inventories.


Fed Chairman Ben Bernanke said last month that the central bank was likely to start curtailing the bond purchases later this year and would probably bring them to a complete halt by the middle of 2014, if the economy progressed as expected.


“Even with a relatively soft GDP number, the Fed still appears confident in their outlook and the prospects of the labor market going forward,” said Sam Bullard, a senior economist at Wells Fargo Securities in Charlotte, North Carolina. “It looks like they are positioned to make their announcement, come late this year.”


SILVER LINING IN REVISIONS?


While U.S. financial markets have already priced in a weak second-quarter GDP reading, comprehensive revisions to the data might present a silver lining for the economy.


The government has implemented some changes in how it calculates GDP. For example, research and development spending will now be treated as investment, and defined benefit pension plans will be measured on an accrual basis, rather than as cash.


Economists say these changes will not only reveal a bigger economy and a higher rate of saving, but they could lead to an upward revision of 2012 growth as well.


“There’s a distinct possibility that real GDP growth over the past four quarters will be upgraded,” said Maury Harris, chief economist at UBS in New York.


“In addition, history suggests that the originally published personal saving rate will be revised up, which would calm some concerns about under-saving consumers holding back their upcoming expenditures.”


Economists said the revisions would probably narrow the gap between a relatively strong pace of job gains and weak growth, a misalignment they said the Fed was monitoring.


Higher taxes, as Washington tries to shrink the government’s budget deficit, likely constrained consumer spending in the second quarter, keeping the economy on an anemic growth pace.


Consumer spending, which accounts for more than two-thirds of U.S. economic activity, is expected to have slowed to a less than 2 percent pace after rising at a 2.6 percent rate in the first quarter.


That could bring the contribution from consumer spending far below the 1.8 percentage points it added in the first quarter.


With domestic demand tepid, businesses likely tried to keep their inventories from bulging. Inventory accumulation is expected to have made only a modest contribution to growth.


Other details of the report are expected to show exports weighed on the economy as demand weakened in Europe and China. Trade is expected to have subtracted more than half-a-percentage point from GDP growth in the second quarter.


Good news is expected from the housing sector, with double-digit growth forecast for spending on residential construction. Housing, which triggered the 2007-09 recession, is growing strongly, helping to keep the economic recovery anchored.


Business spending on equipment and software likely continued a steady march upward, with investment in nonresidential structures rebounding from a decline in the first quarter.


Government spending, however, is expected to have contracted for a third straight quarter, largely because of the across-the-board spending cuts in Washington.


(Reporting by Lucia Mutikani; Editing by Dan Grebler)





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U.S. economy likely lost step in second quarter; expected to regain pace

Monday, July 29, 2013

Indyk expected to be named new U.S. Middle East envoy


Vice president and director of the Foreign Policy Program at the Brookings Institution in Washington D.C. , Martin Indyk, speaks during the U.S.- Islamic World Forum in Doha June 9, 2013.


Credit: Reuters/Mohammed Dabbous




Reuters: Politics



Indyk expected to be named new U.S. Middle East envoy

Sunday, July 28, 2013

Millions expected for final Mass of papal trip








Pilgrims and residents gather on Copacabana beach before the arrival of Pope Francis for World Youth Day in Rio de Janeiro, Brazil, Saturday, July 27, 2013. Francis will preside over an evening vigil service on Copacabana beach that is expected to draw more than 1 million young people. (AP Photo/Felipe Dana)





Pilgrims and residents gather on Copacabana beach before the arrival of Pope Francis for World Youth Day in Rio de Janeiro, Brazil, Saturday, July 27, 2013. Francis will preside over an evening vigil service on Copacabana beach that is expected to draw more than 1 million young people. (AP Photo/Felipe Dana)





A bishop watches live video on his tablet of Pope Francis at an event as he waits for Francis to arrive for a meeting with Brazilian cardinals and bishops at St Joaquim Palace in Rio de Janeiro, Saturday, July 27, 2013. Pope Francis took his message to shake up the Catholic Church to bishops from around the world on Saturday, challenging them to get out of their churches and go to the farthest margins of society to find the faithful and preach. (AP Photo/Domenico Stinellis)





Pope Francis celebrates Mass at Rio de Janeiro’s Cathedral, Saturday, July 27, 2013. Pope Francis on Saturday challenged bishops from around the world to get out of their churches and preach, and to have the courage to go to the farthest margins of society to find the faithful.. Pope Francis is on the sixth day of his trip to Brazil where he attends the 2013 World Youth Day in Rio. (AP Photo/Domenico Stinellis)





Pope Francis delivers his homily during a Mass at Rio de Janeiro’s Cathedral in Brazil, Saturday, July 27, 2013. Pope Francis on Saturday challenged bishops from around the world to get out of their churches and preach, and to have the courage to go to the farthest margins of society to find the faithful. (AP Photo/Luca Zennaro, Pool)





A pilgrim rests under an umbrella decorated with images of the Christ the Redeemer statue as she waits on Copacabana beach for an evening vigil with Pope Francis during World Youth Day events in Rio de Janeiro, Brazil, Saturday, July 27, 2013. Francis will preside over an evening vigil service on Copacabana beach that is expected to draw more than 1 million young people. (AP Photo/Jorge Saenz)













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(AP) — Pilgrims staked out spots on the sand of Copacabana beach for an all-night slumber party ahead of the final Mass of Pope Francis’ stay in Brazil, a trip that has drawn rapturous crowds of up to 3 million faithful.


Francis headed into the final hours of his first international trip riding a remarkable wave of popularity: By the time his open-sided car reached the stage for the vigil service Saturday night, the back seat was piled high with soccer jerseys, flags and flowers tossed to him by adoring pilgrims lining the beachfront route.


“I’m trembling, look how good you can see him!” gushed Fiorella Dias, a 16-year-old Brazilian who jumped for joy as she reviewed the video she shot as the pope passed by. “I have got to call my mother!”


The vigil drew a reported 3 million flag-waving, rosary-toting faithful, who overflowed Copacabana beach’s 4 kilometers (2.5 miles) of white sand on the final evening of World Youth Day. The attendance figure, given by local media citing the mayor’s office, is higher than the 1 million at the last World Youth Day vigil in Madrid in 2011, and far more than the 650,000 at Toronto’s 2002 vigil.


Many of those watching the vigil had tears in their eyes as they listened to Francis’ call for them to build up their church like his namesake, St. Francis of Assisi, was called to do.


“Jesus offers us something bigger than the World Cup!” Francis said, drawing cheers from the crowd in this soccer-mad nation.


On the beach, pilgrims staked out their spots on the sand, lounged and snacked, preparing for the all-night slumber party ahead of Sunday’s Mass. Francis leaves Brazil Sunday evening.


“At church, it can be a bit tedious, but here it’s amazing,” marveled Anna Samson, a 21-year-old college senior from Long Beach, California.


“Seeing the pope, seeing the Stations of the Cross acted out live, seeing all these young people from all over,” she said as she and two friends plied the beach in search of a place to spread their sleeping bags. “It’s overwhelming, just amazing.”


Rio’s mayor has estimated that as many as 3 million people might turn out for Sunday’s Mass.


Saturday night’s vigil capped a busy day for the pope in which he drove home a message he has emphasized throughout the week in speeches, homilies and off-the-cuff remarks: the need for Catholics, lay and religious, to shake up the status quo, get out of their stuffy sacristies and reach the faithful on the margins of society or risk losing them to rival churches.


In the longest and most important speech of his four-month pontificate, Francis took a direct swipe at the “intellectual” message of the church that so characterized the pontificate of his predecessor, Benedict XVI. Speaking to Brazil’s bishops, he said ordinary Catholics simply don’t understand such lofty ideas and need to hear the simpler message of love, forgiveness and mercy that is at the core of the Catholic faith.


“At times we lose people because they don’t understand what we are saying, because we have forgotten the language of simplicity and import an intellectualism foreign to our people,” he said. “Without the grammar of simplicity, the church loses the very conditions which make it possible to fish for God in the deep waters of his mystery.”


In a speech outlining the kind of church he wants, Francis asked bishops to reflect on why hundreds of thousands of Catholics have left the church for Protestant and Pentecostal congregations that have grown exponentially in recent decades in Brazil, particularly in its slums or favelas, where their charismatic message and nuts-and-bolts advice is welcome by the poor.


According to census data, the number of Catholics in Brazil dipped from 125 million in 2000 to 123 million in 2010, with the church’s share of the total population dropping from 74 percent to 65 percent. During the same time period, the number of evangelical Protestants and Pentecostals skyrocketed from 26 million to 42 million, increasing from 15 percent to 22 percent of the population in 2010.


Francis offered a breathtakingly blunt list of explanations for the “exodus.”


“Perhaps the church appeared too weak, perhaps too distant from their needs, perhaps too poor to respond to their concerns, perhaps too cold, perhaps too caught up with itself, perhaps a prisoner of its own rigid formulas,” he said. “Perhaps the world seems to have made the church a relic of the past, unfit for new questions. Perhaps the church could speak to people in their infancy but not to those come of age.”


Francis asked if the church today can still “warm the hearts” of its faithful with priests who take time to listen to their problems and remain close to them.


“We need a church capable of rediscovering the maternal womb of mercy,” he said. “Without mercy, we have little chance nowadays of becoming part of a world of ‘wounded’ persons in need of understanding, forgiveness and love.”


The Argentine pope began Saturday with a Mass in Rio’s beehive-like modern cathedral where he exhorted 1,000 bishops from around the world to go out and find the faithful, a more diplomatic expression of the direct, off-the-cuff instructions he delivered to young Argentine pilgrims on Thursday. In those remarks, he urged the youngsters to make a “mess” in their dioceses and shake things up, even at the expense of confrontation with their bishops and priests.


“We cannot keep ourselves shut up in parishes, in our communities when so many people are waiting for the Gospel!” Francis said in his homily Saturday.


Francis’ target audience is the poor and the marginalized — the people that history’s first pope from Latin America has highlighted on this first trip of his pontificate. He has visited one of Rio’s most violent slum areas, met with juvenile offenders and drug addicts.


He carried that message to a meeting with Brazil’s political, economic and intellectual elite, urging them to look out for the poorest and use their leadership positions to work for the common good. He also called for greater dialogue between generations, religions and peoples during the speech at Rio’s grand municipal theater.


___


Associated Press writer Marco Sibaja contributed to this report.


___


Follow Nicole Winfield at www.twitter.com/nwinfield


Associated Press




Top Headlines



Millions expected for final Mass of papal trip

Monday, July 22, 2013

Charges expected in grisly Ohio bodies discovery







An investigator and his dog search a wooded area Sunday, July 21, 2013 near where three bodies were recently found in East Cleveland, Ohio. Searchers rummaging through vacant houses in a neighborhood where three female bodies were found wrapped in plastic bags should be prepared to find one or two more victims, a police chief said Sunday. (AP Photo/Tony Dejak)





An investigator and his dog search a wooded area Sunday, July 21, 2013 near where three bodies were recently found in East Cleveland, Ohio. Searchers rummaging through vacant houses in a neighborhood where three female bodies were found wrapped in plastic bags should be prepared to find one or two more victims, a police chief said Sunday. (AP Photo/Tony Dejak)





This undated photo provided by the Cuyahoga County Sheriff Department show Michael Madison. Authorities responding to a report of a foul odor from a home discovered a body and arrested a registered sex offender, Madison, who sent police and volunteers through a poor Ohio neighborhood in a search for more victims, officials said Sunday, July 21, 2013. Madison is expected to be formally charged Monday. (AP Photo/Cuyahoga County Sheriff Department)





City of East Cleveland service department employee Ray Allen breaks into an abandoned house so searchers can enter Sunday, July 21, 2013, in East Cleveland, Ohio. Police Chief Ralph Spotts told volunteers checking vacant houses in a neighborhood where three bodies were found wrapped in plastic bags that he believes there could be one or two more victims. (AP Photo/Tony Dejak)





Investigators take out a black trash bag from a dumpster Sunday, July 21, 2013 near where three bodies were recently found in East Cleveland, Ohio. Searchers rummaging through vacant houses in a neighborhood where three female bodies were found wrapped in plastic bags should be prepared to find one or two more victims, a police chief said Sunday. (AP Photo/Tony Dejak)





East Cleveland residents watch the scene Sunday, July 21, 2013, close to where three bodies were recently found in East Cleveland, Ohio. The bodies, believed to be female, were found about 100 to 200 yards (90 to 180 meters) apart, and a 35-year-old man was arrested and is a suspect in all three deaths, though he has not yet been charged, East Cleveland Mayor Gary Norton said Saturday.(AP Photo/Tony Dejak)













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(AP) — Charges were expected to be filed against a registered sex offender who was arrested following the discovery of three bodies in trash bags in a poor Ohio neighborhood riddled with abandoned houses.


The search for additional bodies was suspended Sunday after police and volunteers scoured about 40 empty homes, with no immediate plans to resume, said East Cleveland Police Chief Ralph Spotts.


Spotts identified the suspect as 35-year-old Michael Madison. He said Madison is expected to be formally charged on Monday, but did not elaborate.


Mayor Gary Norton said the suspect has indicated he might have been influenced by Cleveland serial killer Anthony Sowell, who was convicted in 2011 of murdering 11 women and sentenced to death.


It’s the latest in a series of high-profile cases involving the disappearance of women from the Cleveland area.


Eric Wilson, a neighbor who saw Madison frequently, said Madison threatened about a month ago to attack women in the same fashion as Sowell.


Wilson and others said Madison was a neighborhood fixture, constantly walking up and down streets and seen everywhere.


It wasn’t immediately clear whether Madison has an attorney. A woman at a small white house at the address Madison used in the state sex offender database answered a few questions through the blinds of a window Sunday, refusing to come out or give her name. She identified herself as a family member, and said the family was shocked by the allegations.


An odor led to the discovery Friday of one body in a garage. Two others were found Saturday — one in a backyard and the other in the basement of a vacant house. The bodies of the three women, all wrapped in plastic bags, were found about 100 to 200 yards apart, and authorities believed the victims were killed in the last six to 10 days.


Teenager Daniqwa Martin said she smelled the odor Tuesday but ignored it, thinking it was a dead animal. Martin, 16, said Madison had offered her a ride in the past but she always declined.


Spotts indicated later Sunday that the suspect’s comments haven’t provided clarity on whether more bodies might be found.


“He really hasn’t stated that there’s any more, but he hasn’t said anything that would make us think that there’s not,” Spotts said.


Norton said authorities have “lots of reasons” to suspect there are more victims, but he refused to say why.


Norton said Madison, who was arrested Friday after a police standoff, has indicated to authorities he might have been influenced by Sowell.


“He said some things that led us to believe that in some way, shape, or form, Sowell might be an influence,” Norton told The Associated Press.


All three bodies were found in the fetal position, wrapped in several layers of trash bags, Norton said. He said detectives continue to interview Madison, who used his mother’s address in Cleveland in registering as a sex offender, the mayor said.


Madison was classified as a sex offender in 2002 when he was sentenced to four years in prison for attempted rape, according to Cuyahoga County court records. He had previous convictions in 2000 and 2001 for drug-related charges.


Cuyahoga County medical examiner Dr. Thomas P. Gilson said Sunday that the bodies were in advanced stages of decomposition and that it would take several days to identify them and how they died.


About three dozen volunteers, including community anti-crime activists, fanned out Sunday morning across yards, through vacant houses and along a railroad to help police search. The chief advised them to watch for missing floor boards as they looked inside houses. One young searcher crawled under a board screwed across a door to go inside a house to search.


“The MO of each body we’ve found so far was wrapped up in a lot of garbage bags, so if you see anything …. and it might not look like it’s a body, but it could be — because each bag, the way he had each person was in a fetal position,” Spotts told searchers before they began. “It didn’t look like a person could actually fit in the bag.”


Barbara Stirtmire, part of a local motorcycle club whose members were pitching in to search Sunday, said she came to help because she knows so many people in the area and as the mother of a teenager daughter, understands what people with missing children must be going through.


“It doesn’t make the city look good, I know that,” said Stirtmire, 31, who works at a nearby auto parts store. “But as far as everybody coming together, it’s beautiful. “


One neighbor, Nathenia Crosby, said she was familiar with Madison and had seen him walking through the neighborhood. She said she had told him to stop chatting with her daughter and warned him after seeing him talk to her cousin.


“It’s very scary, especially when he used to be talking to my daughter,” said Crosby, 48. “But I told him he was too old to be talking to my daughter because she was only 19. When I found out how old he was, I said, ‘You need to move on, she’s too young.’ “


A day earlier, police, FBI, the Ohio Bureau of Criminal Investigation and the Cuyahoga County Sheriff’s Department went through yards and abandoned houses over about three blocks and used dogs trained to find cadavers.


The neighborhood in East Cleveland, which has some 17,000 residents, has many abandoned houses and authorities want to be thorough, the mayor said.


“Hopefully, we pray to God, this is it,” he said.


Resident Tina Young lives on a nearby street between two abandoned houses, with five others on her street also empty. She parks in her driveway close to the street so she can go in her front door, afraid of parking in the back.


Young echoed comments of several neighbors who said crime wasn’t as much of a concern in East Cleveland recently as the huge number of abandoned homes.


“There’s not a lot of crime that happens here,” she said. “So this is something new for all of us to see.”


The case brings to mind recent notorious Cleveland searches that involved missing women.


In May, three women who separately vanished a decade ago were found captive in a run-down house. Ariel Castro, a former school bus driver, has pleaded not guilty to nearly 1,000 counts of kidnap, rape and other crimes.


In 2009, Sowell was arrested after a woman escaped from his house and said she had been raped there. Police found the mostly nude bodies of 11 women in garbage bags and plastic sheets throughout the home.


Prosecutors described him in court papers as “the worst offender in the history of Cuyahoga County and arguably the State of Ohio.”


He was found guilty in 2011 and sentenced to death.


___


Welsh-Huggins can be reached on Twitter at https://twitter.com/awhcolumbus. Associated Press writers Kantele Franko in Columbus, Dan Sewell in Cincinnati, and Peggy Harris in Philadelphia contributed to this report.


Associated Press




U.S. Headlines



Charges expected in grisly Ohio bodies discovery