Thursday, January 5, 2012

ASU football coach Todd Graham names DelVaughn Alexander to coaching staff

Jan. 4, 2012 02:42 PM
Republic news sources

DelVaughn Alexander has been named an assistant coach for Sun Devil football, head coach Todd Graham has announced.

Alexander spent the past five seasons with the Wisconsin Badgers, coaching wide receivers.

Prior to his tenure at Wisconsin, Alexander served as the running backs coach, assistant travel coordinator, assistant special teams coordinator and NCAA rules representative at the University of San Diego from 2005 to 2006 under then-coach Jim Harbaugh.

Alexander spent the 2003 and 2004 seasons in Corvallis, coaching the Oregon State wide receivers and acting as the recruiting coordinator for the Beavers.

He arrived at Oregon State after coaching wide receivers and quarterbacks at UNLV from 2000 to 2002. He was also the passing game coordinator for the Rebels in 2000 and 2001. He also coached at UNLV in 1998.

Alexander spent 15 months (March 1999 to July 2000) with the San Diego Chargers as a senior offensive assistant (running backs) and also had responsibilities with quality control, video analysis, opponent summaries and self scout.

Alexander began his coaching career in 1995, working as a graduate assistant at his alma mater, USC.

Alexander lettered in football and track at USC.

Source: http://www.azcentral.com/sports/asu/articles/2012/01/04/20120104asu-football-coaching-staff-adds-delvaughn-alexander.html

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Wednesday, January 4, 2012

Thai Government Scraps Plan to Transfer Debt to Central Bank

January 03, 2012, 11:33 AM EST

By Suttinee Yuvejwattana and Daniel Ten Kate

(Adds finance minister?s comments in second paragraph)

Dec. 30 (Bloomberg) -- Thailand?s government scrapped a proposal to transfer $35 billion of legacy debt from bank bailouts to the central bank, and will find other ways to alleviate the burden on the government?s finances.

?Transferring debts to the Bank of Thailand will be like printing money,? Finance Minister Thirachai Phuvanatnaranubala told reporters today. ?The methods we are using must not affect fiscal and monetary discipline and must not hurt confidence among foreign investors and international agencies.?

The decision came after a meeting today with Bank of Thailand Governor Prasarn Trairatvorakul. Deputy Prime Minister Kittiratt Na-Ranong said yesterday the step would save the government as much as 65 billion baht ($2 billion) in annual interest costs that could be used to fund anti-flood measures.

The proposal increased concerns that Prime Minister Yingluck Shinawatra?s administration was infringing on the central bank?s independence, after Kittiratt in October said the BOT should lower interest rates to help businesses cope with the country?s worst flooding since 1942. Thirachai had opposed the measure, warning earlier this week it could hurt investor confidence and stoke inflation.

The baht gained 0.4 percent to 31.64 as of 1:48 p.m. in Bangkok. Yesterday it fell the most in two months to the weakest level since Aug. 16, 2010, according to data compiled by Bloomberg.

Deposit Protection

The government may take 0.39 percent of the 0.4 percent fee that commercial banks pay to the Deposit Protection Agency to pay interest on the debt, Thirachai said, adding that it would amount to about 30 billion baht per year. The government also plans to amend the law to allow the Financial Institutions Development Fund to collect fees from commercial banks, which would amount to a further 20 billion baht, he said.

?This will remove the interest burden from the government,? he said. ?If the central bank records a profit, they can also use that to reduce the debt.?

The Financial Institutions Development Fund racked up a 1.4 trillion baht debt during the 1997 Asian financial crisis on loans aimed at rescuing struggling lenders. The government closed more than 60 non-bank financial companies and seized half of the nation?s 14 commercial banks that received help from the fund.

Under a repayment agreement in 2002, the finance ministry makes interest payments while the central bank pays down the principal whenever it earns a yearly profit. The Bank of Thailand has reported annual net income once since 2004 and last year reported a net loss of 117 billion baht, mostly due to losses on foreign exchange.

Since 1997, the principal on the debt has fallen by 300 billion baht, or about 21 billion baht per year. During that time the government has paid as much as 65 billion baht in interest annually, according to Kittiratt, who said yesterday the central bank would report a ?record high profit? for 2011.

--Editor: Tony Jordan

To contact the reporters on this story: Suttinee Yuvejwattana in Bangkok at suttinee1@bloomberg.net; Daniel Ten Kate in Bangkok at dtenkate@bloomberg.net

To contact the editors responsible for this story: Chris Anstey at canstey@bloomberg.net; Peter Hirschberg at phirschberg@bloomberg.net

Source: http://c.moreover.com/click/here.pl?r5694015235

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Tuesday, January 3, 2012

Surprise! 2011 Ended With Unexpected Economic Bang (LiveScience.com)

While Americans were getting ready for the holiday season, the United States Chamber of Commerce delivered what might have been the most coveted gift of all: a report that claims that 2011 was ending on an economic high note. In fact, many analysts say the economy may have grown by as much as 3 percent from October to December, which the chamber said would represent the largest growth since spring of 2010.?

Part of this sudden economic boom came from record holiday sales.? According to a recent survey by digital tracker comScore, online sales hit $36.3 billion during the first 56 days of November and December, a 15 percent increase from the same period a year earlier.? And just 10 days before Christmas, the National Retail Federation revised its projection of holiday sales to $469.1 billion, up from its own October estimates of $465.6 billion.?

Strong holiday sales were not the only factor, however, in 2011's strong finish. While holiday shopping reached an all-time high in 2011, the Chamber of Commerce says many other economic indicators ended the year unexpectedly healthy.

  • Unemployment decrease.? During the week before the Chamber's Dec. 22 report, unemployment dipped four-tenths of a percentage point? to 8.6 percent, its lowest level since March 2009.
  • Job creation. Employers have added at least 100,000 jobs a month for the past five months, the longest streak since 2006.? In November 2011 there were 120,000 jobs added, according to the December 2011 jobs report.? Small businesses may be the driving force behind continued success in 2012, according to a report released this week (Jan. 3) by payroll company SurePayroll.? It found that 50 percent of small-business owners plan to hire in 2012 and 56 percent intend to raise wages for employees.??????????????????????????????????????????????????
  • Consumer confidence. The Conference Board, a business group that tracks the mood of consumers, reported that the 15-point jump in consumer confidence from October to November represented the biggest one-month jump since April 2003.? The index stood at 56 for November.?
  • Falling gas prices. Gasoline prices approached $4 a gallon in May before settling at an average of $3.21 in recent months, allowing people to focus on spending elsewhere instead of at the gas pump, according to the AAA Daily Fuel Gauge, the chamber report said.
  • Increase in inventories. With an increase in sales seen in recent months, businesses are restocking their shelves. October saw an 8.7 percent increase in inventories at businesses from a year ago. According to the Chamber of Commerce, this growth of inventories could represent a third of economic growth this quarter.?
  • Strides in housing. Construction of new homes rose by 9 percent in November from the previous month. Additionally, the National Association of Realtors recently stated that sales of previously occupied homes rose by 4 percent in November. The numbers, however, remain below the rate that would be considered healthy for the housing market.

This story was provided by?BusinessNewsDaily, a sister site to LiveScience. Reach BusinessNewsDaily staff writer David Mielach at Dmielach@techmedianetwork.com. Follow him on Twitter @D_M89.

Source: http://us.rd.yahoo.com/dailynews/rss/science/*http%3A//news.yahoo.com/s/livescience/20120103/sc_livescience/surprise2011endedwithunexpectedeconomicbang

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India lets foreign individuals invest in stock (Reuters)

NEW DELHI (Reuters) ? India will allow individual foreign investors direct access to its stock market from January 15, the government said on Sunday, the latest step to liberalize Asia's third-largest economy after a year of big losses on the benchmark Sensex (.BSESN) index.

Previously, foreign nationals were limited to investing in India's equity market through indirect routes such as mutual funds, or through institutional vehicles. [ID:nL3E7J90YK]

"The central government has decided to allow qualified foreign investors to directly invest in (the) Indian equity market in order to widen the class of investors, attract more foreign funds, and reduce market volatility," the government said in a statement.

Analysts said the decision to allow foreign nationals to invest in Indian equities was a positive move but it was unlikely to result in an increased flow of overseas funds in the near-term due to weak market conditions.

"At a time when the foreign institutions are reducing their exposure to India, it would not be prudent to expect foreign individuals to start investing in our markets," said Jagannadham Thunuguntla, research head at brokerage SMC Global Securities.

"We can see some impact of this decision when the stock market conditions improve," he said.

In the past 20 years India has gradually opened its economy to foreign cash. The economy is now faltering after growing at an annual average of about 8 percent for several years.

The rupee shed 24 percent of its value against the dollar last year and the current account deficit is widening.

Many economists predict growth below seven percent for the fiscal year that ends on March 30.

Indian shares posted their first annual fall in three years in 2011 as a combination of near double-digit inflation, high interest rates, slowing domestic growth and policy inaction turned off investors already shaken by global headwinds.

Foreign fund inflows, a major driver of Indian stocks, dried up with net outflows of about $380 million as of Wednesday, a far cry from record inflows of more than $29 billion in 2010 that had powered a 17 percent rise in the benchmark index, following an 81 percent surge in 2009.

(Reporting By Frank Jack Daniel; additional reporting by Sumeet Chatterjee in MUMBAI; Editing by Paul Tait)

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/nm/20120102/bs_nm/us_india_investment

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Monday, January 2, 2012

Rights report: Mexican feds tortured 5 suspects (AP)

MEXICO CITY ? Mexican human rights authorities say five men detained in the killings of two agents and a car-bomb attack in Ciudad Juarez were tortured by federal police to confess their roles in the crimes.

The National Human Rights Commission said Sunday the country must investigate six federal officers and a doctor who didn't report signs of severe beating.

Police had accused one man of being a lookout in a July 2010 car-bomb attack. They had also accused the five men of killing two police officers.

Police have dropped the accusations, but the men remain in jail on drugs and weapons charges.

Federal police said the men were members of the La Linea gang when they were arrested in August 2010 in the border city.

Source: http://us.rd.yahoo.com/dailynews/rss/mexico/*http%3A//news.yahoo.com/s/ap/20120101/ap_on_re_la_am_ca/lt_mexico_police_torture

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Oil on Nigerian coast after major Shell spill

LAGOS ? An environmental group said Tuesday that an oil slick had approached Nigeria's coastline after a major Shell spill last week, but the company insisted that its spill had been largely dispersed.

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Nigerian group Environmental Rights Action, which closely monitors oil spills in the country, said oil was reported along the shoreline of fishing communities in Bayelsa state as well as Delta state.

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The group said it sent monitors out after reports from fishermen. It said it suspected the oil had come from the Shell spill, but the claim could not be independently verified.

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"In the course of the visit, spreading slick was sighted close to the coastline of Odioama and along St. Nicholas," it said in a report that included photos of streaks of what appeared to be oil just off the coastline.

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"The footprint comes from the ocean," the group's head Nnimmo Bassey told AFP. "We suspect it is from Bonga."

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Shell has said the spill from its offshore Bonga field, which it became aware of on Dec. 20, amounted to less than 40,000 barrels and that it had been "largely dispersed."

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Five vessels and two aircraft had been deployed to spread chemical dispersants.

?

A Shell spokesman in Nigeria told AFP that "if there was any more spill found on the coastline, it must have come from a third party."

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"We found a third-party spill and we have told our team on the ground to clean it. If there is still a spill on the shoreline, it is a third-party spill," Precious Okolobo said.

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Bonga, which has a capacity of 200,000 barrels per day, is located some 120 kilometers off Nigeria, Africa's largest oil producer and an OPEC member. Production has halted at the field.

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The company said the source of the leak was a flexible line linking a production vessel to a tanker.

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It was Nigeria's worst offshore spill since a 1998 Mobil incident, officials said, though onshore leaks have been estimated at levels far worse since that time in the oil-producing Niger Delta.

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Environmental group SkyTruth, using satellite imagery from December 21 it published on its website, estimated the slick had been 70 kilometers long and 17 kilometers wide at its widest.

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It said it had covered 923 square kilometers (356 square miles) of ocean.

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Source: http://www.mnn.com/earth-matters/wilderness-resources/stories/oil-on-nigerian-coast-after-major-shell-spill

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Sunday, January 1, 2012

Icons of 2011: A 'winning' actor, a runaway bride (AP)

NEW YORK ? Sure, we had wars, natural disasters, a growing populist movement and a presidential race heating up, not to mention the deaths of a technology icon, a silver-screen goddess and a couple of shadowy dictators.

But in the bubble that is our popular culture, a world in which fame is measured not by power, influence or substance but by Twitter followers, YouTube hits and general consumption of cyberspace, we can declare two 2011 winners: a prom king and queen of pop culture, if you will.

Not that Charlie Sheen and Kim Kardashian are actually a couple ? if they are, we missed that, although hey, we hear she's not married anymore. But together, they sucked up so much attention, for better or for worse, that they're the chosen guides for our sixth annual, highly selective journey back through the year's Pop Culture Moments:

___

JANUARY:

You know you're in for a rough year if you're already the butt of Ricky Gervais' jokes at the Golden Globes. For CHARLIE SHEEN, the year starts with his messy personal life already under the spotlight. As the month ends he's in rehab, with his hit show, "Two and a Half Men," on hold. Meanwhile three sisters named KARDASHIAN ? Kim, Khloe and Kourtney ? are sued by a credit card company after pulling their endorsement for the Kardashian Kard, pilloried for its high fees.

FEBRUARY:

A unique American romance takes a poignant turn when astronaut MARK KELLY announces he will launch into space, briefly leaving his wife, wounded congressman GABRIELLE GIFFORDS, on Earth. At the Oscars, the emphasis on "young and hip" bombs, with hosts JAMES FRANCO and ANNE HATHAWAY falling short and the crowd cheering wildly for comedian BILLY CRYSTAL (and guess who's hosting in 2012?) But for SHEEN, things get really bad. The actor's violence-tinged, anti-Semitic radio rant is finally enough for CBS and Warner Bros., who shut down the show for the season (funny how that happens when you call your producer a "contaminated little maggot.")

MARCH:

"Friday," an amateurish, much mocked but strangely addictive song by 13-year-old REBECCA BLACK, is released as a single. Screen icon ELIZABETH TAYLOR dies, leaving behind a legendary career ? and a final tweet, promoting her interview in Harper's Bazaar with... KIM KARDASHIAN. Remember PARIS HILTON, who was famous for being famous when that was sorta unique? "I am the original," she declares. This is the month SHEEN seems to self-destruct, staging an unsettling media blitz and coining new expressions ? heck, a new language ? with phrases like "Duh, Winning!" and "Adonis DNA" and "Vatican Assassins." His Twitter account gains a million followers a day after it opens. Finally he is fired for good. He files a lawsuit, shops a memoir and announces a national tour: "Charlie Sheen Live: Torpedo of Truth." Will it be funny, or will it be....

APRIL:

... Awful? Why, how did you guess? All that Tiger Blood can't save SHEEN from blistering reviews. Speaking of Sheenspeak, the actor also moves to trademark 22 of his catchphrases. Meanwhile, LARRY KING, asked if he misses his nightly platform on CNN, replies yes ? but adds: "I don't miss the KARDASHIANS." And, not a great transition here, but we must mention KATE MIDDLETON: Prince William's new wife is an immediate fashion star and perhaps the savior of the monarchy, after all.

MAY:

OPRAH WINFREY goes out with a bang, ending her talk show after 25 years with a sincere thank-you, and no cars or trips for the audience. It's on to her new cable network, aptly called OWN. It's a worse month for DONALD TRUMP, who has to sit through President Obama's roasting of him, then announces he won't run for president. (For now.) SHEEN WATCH: The actor tours tornado damage in Alabama, and damage of the career kind comes later this month, when he's replaced on "Two and a Half Men" by ASHTON KUTCHER, Twitter king and the other half of DEMI MOORE. (For now.) But we're burying the lead: KARDASHIAN is engaged, to New Jersey Nets forward Kris Humphries, her boyfriend of six months. She gets a proposal on bended knee amid rose petals, and a big diamond ring.

JUNE:

More good news for the KARDASHIANS: A California judge throws out the $75 million lawsuit by the credit card company. A quiet month for Charlie, so let's mention another guy who gets a lot of unwanted attention: ANTHONY WEINER, who is forced to resign his New York congressional seat following sordid revelations of his electronic misadventures. It's goodbye for now to those dreams of being NYC mayor ? NOT winning!

JULY:

REBECCA BLACK, now 14, releases a second video, the presciently named "My Moment." KARDASHIAN is getting ready for HER moment, next month's wedding, but she has time to sue Old Navy (and its parent company, The Gap Inc.) for using a lookalike to advertise its clothing. For SHEEN, it's time for a TV comeback ? Lionsgate Television announces the actor will appear in a new sitcom based on the film "Anger Management." Yes, really.

AUGUST:

Can we raise the level of discourse for a moment and salute feminist icon GLORIA STEINEM, who appears in a new HBO film about her much-admired career? Back to Charlie: Can't he get a break? He goes to batting practice in Phoenix and injures his elbow. But it's all a distraction from ... THE WEDDING! Yes, KARDASHIAN and HUMPHRIES marry in a lavish ceremony near Santa Barbara, Calif., to be televised as a two-part special on the E! network in October. Quips DAVID LETTERMAN, about recent threats he's gotten for jokes perceived as anti-Muslim: "How can someone be so angry at a time when Kim Kardashian is so happy?"

SEPTEMBER:

Call it the Redemption Tour: SHEEN seems to be making nice all over television, telling MATT LAUER on "Today" of his crazy spring: "It was one of those things where the planets were aligned... like being shot out of a cannon into another cannon and then being just shot out of that one." He tells JAY LENO that he deserved to be fired. And in a surprise appearance at the Emmys, he wishes his old show all the best for the upcoming season. None of this saves him ? or his former character ? from death: The show reveals the character slipped on a subway platform in Paris and was hit by an oncoming train. And KARDASHIAN stays married ? all month long.

OCTOBER:

Oh NO, we jinxed it! KARDASHIAN files for divorce, only 10 weeks after the wedding and less than a month after the wedding special aired. "I had hoped this marriage was forever," she says, "but sometimes things don't work out as planned." Things are looking up, though, for SHEEN ? the FX cable channel says it's picking up "Anger Management." On a much, much more serious note, STEVE JOBS' death of cancer sparks a wave of tributes across the globe. Perhaps the most poignant of all of them: the partly bitten apples appearing in front of Apple stores everywhere, in deference to the company's famous logo.

NOVEMBER:

OOPS! Candidate RICK PERRY'S embarrassing inability to remember the third government agency he'd like to abolish sparks a thousand spoofs. We knew her as a quiet teenager in the White House: Now, the famously tightlipped CHELSEA CLINTON becomes a TV journalist, joining NBC News. A stable month for Sheen ? but his replacement on "Two and a Half Men" sees some turbulence of his own with the breakdown of his marriage to DEMI MOORE. It's not often we can quote Salman Rushdie in a lighthearted pop culture piece, so let's go for it: "The marriage of poor kim (hash)kardashian was krushed like a kar in a krashian," tweets the "Satanic Verses" author.

DECEMBER:

Coming in just under the wire: Yet another 2011 celebrity marriage breakup, this time comedian RUSSELL BRAND and singer KATY PERRY. On the other hand, congratulations, REBECCA BLACK! "Friday" was the top YouTube video of the year with 180 million views. KARDASHIAN (with her sisters) is part of Barbara Walters' 10 Most Fascinating People special, and the starlet is also the year's third most searched term on Yahoo. As for SHEEN, he also wins something: the No. 7 spot on a Yale Law School librarian's annual list of top quotes. To wit: "I am on a drug. It's called Charlie Sheen. It's not available because if you try it once you will die. Your face will melt off and your children will weep over your exploded body."

That seems to say it all. See you in 2012.

Source: http://us.rd.yahoo.com/dailynews/rss/celebrity/*http%3A//news.yahoo.com/s/ap/20111230/ap_en_ce/us_pop_culture_moments

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