Wall Street ticks lower on "fiscal cliff" stalemate

NEW YORK (Reuters) - Stocks edged slightly lower on Thursday as investors fretted that a deal on the U.S. budget wouldn't come as soon as they had hoped after President Barack Obama threatened to veto a controversial Republican plan.


The market barely reacted to a round of strong data, including on gross domestic product growth and housing, suggesting talks to avert the "fiscal cliff," steep tax hikes and spending cuts due to take effect in 2013, remain the primary focus for markets.


Republican Speaker of the House John Boehner said Wednesday his chamber would pass a proposal that spares many wealthy Americans from tax hikes needed to balance the budget. Obama has threatened to veto the plan if it passes, while some Republicans oppose any deal featuring tax increases.


"The closer we get to the end of the year without a deal, the more optimism is going to evaporate," said Todd Schoenberger, managing partner at LandColt Capital in New York. "Volatility is going to be extreme until there's a deal, and the probability of being caught on the downside is much greater than being on the upside."


While investors have hoped for an agreement soon between policy makers over the fiscal cliff, this seems unlikely as wrangling continues over the details.


The Dow Jones industrial average <.dji> was down 18.74 points, or 0.14 percent, at 13,233.23. The Standard & Poor's 500 Index <.spx> was down 0.84 points, or 0.06 percent, at 1,434.97. The Nasdaq Composite Index <.ixic> was down 4.18 points, or 0.14 percent, at 3,040.18.


NYSE Euronext was the S&P 500's top percentage gainer, surging 35 percent to $32.56 after IntercontinentalExchange Inc said it would buy the operator of the New York Stock Exchange for $8.2 billion. ICE shares rose 1.3 percent to $130.06.


Stocks rallied earlier in the week on signs of progress in the negotiations, led by banking and energy shares, which tend to outperform in times of economic expansion. On signs of complications, however, many have turned to hedging their bets through options and exchange-traded funds.


The U.S. economy grew 3.1 percent in the third quarter, faster than previously estimated, while the number of Americans filing new claims for jobless benefits rose more than expected in the latest week.


"It is great to see this kind of growth, but investors know it could all disappear if there's no deal on the cliff," Schoenberger said. "Macro data may be on the back burner for a while."


Existing home sales jumped 5.9 percent in November, more than expected, and by the fastest monthly place in three years. And the Federal Reserve Bank of Philadelphia's December index of business conditions in the U.S. Mid-Atlantic region rose to 8.1 from -10.7 in November. Analysts were looking for a read of -3.


Google Inc agreed to sell set-top TV box maker Motorola Home to Arris Group Inc for $2.35 billion in cash and stock. Arris rose 6.6 percent to $15.51 while Google was little changed.


(Editing by Bernadette Baum)



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AP IMPACT: Steroids loom in major-college football


WASHINGTON (AP) — With steroids easy to buy, testing weak and punishments inconsistent, college football players are packing on significant weight — 30 pounds or more in a single year, sometimes — without drawing much attention from their schools or the NCAA in a sport that earns tens of billions of dollars for teams.


Rules vary so widely that, on any given game day, a team with a strict no-steroid policy can face a team whose players have repeatedly tested positive.


An investigation by The Associated Press — based on dozens of interviews with players, testers, dealers and experts and an analysis of weight records for more than 61,000 players — revealed that while those running the multibillion-dollar sport believe the problem is under control, that is hardly the case.


The sport's near-zero rate of positive steroids tests isn't an accurate gauge among college athletes. Random tests provide weak deterrence and, by design, fail to catch every player using steroids. Colleges also are reluctant to spend money on expensive steroid testing when cheaper ones for drugs like marijuana allow them to say they're doing everything they can to keep drugs out of football.


"It's nothing like what's going on in reality," said Don Catlin, an anti-doping pioneer who spent years conducting the NCAA's laboratory tests at UCLA. He became so frustrated with the college system that it drove him in part to leave the testing industry to focus on anti-doping research.


Catlin said the collegiate system, in which players often are notified days before a test and many schools don't even test for steroids, is designed to not catch dopers. That artificially reduces the numbers of positive tests and keeps schools safe from embarrassing drug scandals.


While other major sports have been beset by revelations of steroid use, college football has operated with barely a whiff of scandal. Between 1996 and 2010 — the era of Barry Bonds, Mark McGwire, Marion Jones and Lance Armstrong — the failure rate for NCAA steroid tests fell even closer to zero from an already low rate of less than 1 percent.


The AP's investigation, drawing upon more than a decade of official rosters from all 120 Football Bowl Subdivision teams, found thousands of players quickly putting on significant weight, even more than their fellow players. The information compiled by the AP included players who appeared for multiple years on the same teams, making it the most comprehensive data available.


For decades, scientific studies have shown that anabolic steroid use leads to an increase in body weight. Weight gain alone doesn't prove steroid use, but very rapid weight gain is one factor that would be deemed suspicious, said Kathy Turpin, senior director of sport drug testing for the National Center for Drug Free Sport, which conducts tests for the NCAA and more than 300 schools.


Yet the NCAA has never studied weight gain or considered it in regard to its steroid testing policies, said Mary Wilfert, the NCAA's associate director of health and safety. She would not speculate on the cause of such rapid weight gain.


The NCAA attributes the decline in positive tests to its year-round drug testing program, combined with anti-drug education and testing conducted by schools.


"The effort has been increasing, and we believe it has driven down use," Wilfert said.


Big gains, data show


The AP's analysis found that, regardless of school, conference and won-loss record, many players gained weight at exceptional rates compared with their fellow athletes and while accounting for their heights. The documented weight gains could not be explained by the amount of money schools spent on weight rooms, trainers and other football expenses.


Adding more than 20 or 25 pounds of lean muscle in a year is nearly impossible through diet and exercise alone, said Dan Benardot, director of the Laboratory for Elite Athlete Performance at Georgia State University.


The AP's analysis corrected for the fact that players in different positions have different body types, so speedy wide receivers weren't compared to bulkier offensive tackles. It could not assess each player's physical makeup, such as how much weight gain was muscle versus fat, one indicator of steroid use. In the most extreme case in the AP analysis, the probability that a player put on so much weight compared with other players was so rare that the odds statistically were roughly the same as an NFL quarterback throwing 12 passing touchdowns or an NFL running back rushing for 600 yards in one game.


In nearly all the rarest cases of weight gain in the AP study, players were offensive or defensive linemen, hulking giants who tower above 6-foot-3 and weigh 300 pounds or more. Four of those players interviewed by the AP said that they never used steroids and gained weight through dramatic increases in eating, up to six meals a day. Two said they were aware of other players using steroids.


"I just ate. I ate 5-6 times a day," said Clint Oldenburg, who played for Colorado State starting in 2002 and for five years in the NFL. Oldenburg's weight increased over four years from 212 to 290, including a one-year gain of 53 pounds, which he attributed to diet and two hours of weight lifting daily. "It wasn't as difficult as you think. I just ate anything."


Oldenburg told the AP he was surprised at the scope of steroid use in college football, even in Colorado State's locker room. "College performance enhancers were more prevalent than I thought," he said. "There were a lot of guys even on my team that were using." He declined to identify any of them.


The AP found more than 4,700 players — or about 7 percent of all players — who gained more than 20 pounds overall in a single year. It was common for the athletes to gain 10, 15 and up to 20 pounds in their first year under a rigorous regimen of weightlifting and diet. Others gained 25, 35 and 40 pounds in a season. In roughly 100 cases, players packed on as much 80 pounds in a single year.


In at least 11 instances, players that AP identified as packing on significant weight in college went on to fail NFL drug tests. But pro football's confidentiality rules make it impossible to know for certain which drugs were used and how many others failed tests that never became public.


What is bubbling under the surface in college football, which helps elite athletes gain unusual amounts of weight? Without access to detailed information about each player's body composition, drug testing and workout regimen, which schools do not release, it's impossible to say with certainty what's behind the trend. But Catlin has little doubt: It is steroids.


"It's not brain surgery to figure out what's going on," he said. "To me, it's very clear."


Football's most infamous steroid user was Lyle Alzado, who became a star NFL defensive end in the 1970s and '80s before he admitted to juicing his entire career. He started in college, where the 190-pound freshman gained 40 pounds in one year. It was a 21 percent jump in body mass, a tremendous gain that far exceeded what researchers have seen in controlled, short-term studies of steroid use by athletes. Alzado died of brain cancer in 1992.


The AP found more than 130 big-time college football players who showed comparable one-year gains in the past decade. Students posted such extraordinary weight gains across the country, in every conference, in nearly every school. Many of them eclipsed Alzado and gained 25, 35, even 40 percent of their body mass.


Even though testers consider rapid weight gain suspicious, in practice it doesn't result in testing. Ben Lamaak, who arrived at Iowa State in 2006, said he weighed 225 pounds in high school and 262 pounds in the summer of his freshman year on the Cyclones football team. A year later, official rosters showed the former basketball player from Cedar Rapids weighed 306, a gain of 81 pounds since high school. He graduated as a 320-pound offensive lineman and said he did it all naturally.


"I was just a young kid at that time, and I was still growing into my body," he said. "It really wasn't that hard for me to gain the weight. I had fun doing it. I love to eat. It wasn't a problem."


In addition to random drug testing, Iowa State is one of many schools that have "reasonable suspicion" testing. That means players can be tested when their behavior or physical symptoms suggest drug use.


Despite gaining 81 pounds in a year, Lamaak said he was never singled out for testing.


The associate athletics director for athletic training at Iowa State, Mark Coberley, said coaches and trainers use body composition, strength data and other factors to spot suspected cheaters. Lamaak, he said, was not suspicious because he gained a lot of "non-lean" weight.


"There are a lot of things that go into trying to identify whether guys are using performance-enhancing drugs," Coberley said. "If anybody had the answer, they'd be spotting people that do it. We keep our radar up and watch for things that are suspicious and try to protect the kids from making stupid decisions."


There's no evidence that Lamaak's weight gain was anything but natural. Gaining fat is much easier than gaining muscle. But colleges don't routinely release information on how much of the weight their players gain is muscle, as opposed to fat. Without knowing more, said Benardot, the expert at Georgia State, it's impossible to say whether large athletes were putting on suspicious amounts of muscle or simply obese, which is defined as a body mass index greater than 30.


Looking solely at the most significant weight gainers also ignores players like Bryan Maneafaiga.


In the summer of 2004, Maneafaiga was an undersized 180-pound running back trying to make the University of Hawaii football team. Twice — once in pre-season and once in the fall — he failed school drug tests, showing up positive for marijuana use. What surprised him was that the same tests turned up negative for steroids.


He'd started injecting stanozolol, a steroid, in the summer to help bulk up to a roster weight of 200 pounds. Once on the team, where he saw only limited playing time, he'd occasionally inject the milky liquid into his buttocks the day before games.


"Food and good training will only get you so far," he told the AP recently.


Maneafaiga's coach, June Jones, meanwhile, said none of his players had tested positive for doping since he took over the team in 1999. He also said publicly that steroids had been eliminated in college football: "I would say 100 percent," he told The Honolulu Advertiser in 2006.


Jones said it was news to him that one of his players had used steroids. Jones, who now coaches at Southern Methodist University, said many of his former players put on bulk working hard in the weight room. For instance, adding 70 pounds over a three- to four-year period isn't unusual, he said.


Jones said a big jump in muscle year-over-year — say 40 pounds — would be a "red light that something is not right."


Jones, a former NFL head coach, said he is unaware of any steroid use at SMU and believes the NCAA is doing a good job testing players. "I just think because the way the NCAA regulates it now that it's very hard to get around those tests," he said.


The cost of testing


While the use of drugs in professional sports is a question of fairness, use among college athletes is also important as a public policy issue. That's because most top-tier football teams are from public schools that benefit from millions of dollars each year in taxpayer subsidies. Their athletes are essentially wards of the state. Coaches and trainers — the ones who tell players how to behave, how to exercise and what to eat — are government employees.


Then there are the health risks, which include heart and liver problems and cancer.


On paper, college football has a strong drug policy. The NCAA conducts random, unannounced drug testing and the penalties for failure are severe. Players lose an entire year of eligibility after a first positive test. A second offense means permanent ineligibility from sports.


In practice, though, the NCAA's roughly 11,000 annual tests amount to just a fraction of all athletes in Division I and II schools. Exactly how many tests are conducted each year on football players is unclear because the NCAA hasn't published its data for two years. And when it did, it periodically changed the formats, making it impossible to compare one year of football to the next.


Even when players are tested by the NCAA, people involved in the process say it's easy enough to anticipate the test and develop a doping routine that results in a clean test by the time it occurs. NCAA rules say players can be notified up to two days in advance of a test, which Catlin says is plenty of time to beat a test if players have designed the right doping regimen. By comparison, Olympic athletes are given no notice.


"Everybody knows when testing is coming. They all know. And they know how to beat the test," Catlin said, adding, "Only the really dumb ones are getting caught."


Players are far more likely to be tested for drugs by their schools than by the NCAA. But while many schools have policies that give them the right to test for steroids, they often opt not to. Schools are much more focused on street drugs like cocaine and marijuana. Depending on how many tests a school orders, each steroid test can cost $100 to $200, while a simple test for street drugs might cost as little as $25.


When schools call and ask about drug testing, the first question is usually, "How much will it cost," Turpin said.


Most schools that use Drug Free Sport do not test for anabolic steroids, Turpin said. Some are worried about the cost. Others don't think they have a problem. And others believe that since the NCAA tests for steroids their money is best spent testing for street drugs, she said.


Wilfert, the NCAA official, said the possibility of steroid testing is still a deterrent, even at schools where it isn't conducted.


"Even though perhaps those institutional programs are not including steroids in all their tests, they could, and they do from time to time," she said. "So, it is a kind of deterrence."


For Catlin, one of the most frustrating things about running the UCLA testing lab was getting urine samples from schools around the country and only being asked to test for cocaine, marijuana and the like.


"Schools are very good at saying, 'Man, we're really strong on drug testing,'" he said. "And that's all they really want to be able to say and to do and to promote."


That helps explain how two school drug tests could miss Maneafaiga's steroid use. It's also possible that the random test came at an ideal time in Maneafaiga's steroid cycle.


Enforcement varies


The top steroid investigator at the U.S. Drug Enforcement Administration, Joe Rannazzisi, said he doesn't understand why schools don't invest in the same kind of testing, with the same penalties, as the NFL. The NFL has a thorough testing program for most drugs, though the league has yet to resolve a long-simmering feud with its players union about how to test for human growth hormone.


"Is it expensive? Of course, but college football makes a lot of money," he said. "Invest in the integrity of your program."


For a school to test all 85 scholarship football players for steroids twice a season would cost up to $34,000, Catlin said, plus the cost of collecting and handling the urine samples. That's about 0.2 percent of the average big-time school football budget of about $14 million. Testing all athletes in all sports would make the school's costs higher.


When schools ask Drug Free Sport for advice on their drug policies, Turpin said she recommends an immediate suspension after the first positive drug test. Otherwise, she said, "student athletes will roll the dice."


But drug use is a bigger deal at some schools than others.


At Notre Dame and Alabama, the teams that will soon compete for the national championship, players don't automatically miss games for testing positive for steroids. At Alabama, coaches have wide discretion. Notre Dame's student-athlete handbook says a player who fails a test can return to the field once the steroids are out of his system.


"If you're a strength-and-conditioning coach, if you see your kids making gains that seem a little out of line, are you going to say, 'I'm going to investigate further? I want to catch someone?'" said Anthony Roberts, an author of a book on steroids who says he has helped college football players design steroid regimens to beat drug tests.


There are schools with tough policies. The University of North Carolina kicks players off the team after a single positive test for steroids. Auburn's student-athlete handbook calls for a half-season suspension for any athlete caught using performance-enhancing drugs.


Wilfert said it's not up to the NCAA to determine whether that's fair.


"Obviously if it was our testing program, we believe that everybody should be under the same protocol and the same sanction," she said.


Fans typically have no idea that such discrepancies exist and players are left to suspect who might be cheating.


"You see a lot of guys and you know they're possibly on something because they just don't gain weight but get stronger real fast," said Orrin Thompson, a former defensive lineman at Duke. "You know they could be doing something but you really don't know for sure."


Thompson gained 85 pounds between 2001 and 2004, according to Duke rosters and Thompson himself. He said he did not use steroids and was subjected to several tests while at Duke, a school where a single positive steroid test results in a yearlong suspension.


Meanwhile at UCLA, home of the laboratory that for years set the standard for cutting-edge steroid testing, athletes can fail three drug tests before being suspended. At Bowling Green, testing is voluntary.


At the University of Maryland, students must get counseling after testing positive, but school officials are prohibited from disciplining first-time steroid users. Athletic department spokesman Matt Taylor denied that was the case and sent the AP a copy of the policy. But the policy Taylor sent included this provision: "The athletic department/coaching staff may not discipline a student-athlete for a first drug offense."


By comparison, in Kentucky and Maryland, racehorses face tougher testing and sanctions than football players at Louisville or the University of Maryland.


"If you're trying to keep a level playing field, that seems nonsensical," said Rannazzisi at the DEA. He said he was surprised to learn that what gets a free pass at one school gets players immediately suspended at another. "What message does that send? It's OK to cheat once or twice?"


Only about half the student athletes in a 2009 NCAA survey said they believed school testing deterred drug use.


As an association of colleges and universities, the NCAA could not unilaterally force schools to institute uniform testing policies and sanctions, Wilfert said.


"We can't tell them what to do, but if went through a membership process where they determined that this is what should be done, then it could happen," she said.


'Everybody around me was doing it'


Steroids are a controlled substance under federal law, but players who use them need not worry too much about prosecution. The DEA focuses on criminal operations, not individual users. When players are caught with steroids, it's often as part of a traffic stop or a local police investigation.


Jared Foster, 24, a quarterback recruited to play at the University of Mississippi, was kicked off the team in 2008 after local authorities arrested him for giving a man nandrolone, an anabolic steroid, according to court documents. Foster pleaded guilty and served jail time.


He told the AP that he doped in high school to impress college recruiters. He said he put on enough lean muscle to go from 185 pounds to 210 in about two months.


"Everybody around me was doing it," he said.


Steroids are not hard to find. A simple Internet search turns up countless online sources for performance-enhancing drugs, mostly from overseas companies.


College athletes freely post messages on steroid websites, seeking advice to beat tests and design the right schedule of administering steroids.


And steroids are still a mainstay in private, local gyms. Before the DEA shut down Alabama-based Applied Pharmacy Services as a major nationwide steroid supplier, sales records obtained by the AP show steroid shipments to bodybuilders, trainers and gym owners around the country.


Because users are rarely prosecuted, the demand is left in place after the distributor is gone.


When Joshua Hodnik was making and wholesaling illegal steroids, he had found a good retail salesman in a college quarterback named Vinnie Miroth. Miroth was playing at Saginaw Valley State, a Division II school in central Michigan, and was buying enough steroids for 25 people each month, Hodnik said.


"That's why I hired him," Hodnik said. "He bought large amounts and knew how to move it."


Miroth, who pleaded no contest in 2007 and admitted selling steroids, helped authorities build their case against Hodnik, according to court records. Now playing football in France, Miroth declined repeated AP requests for an interview.


Hodnik was released from prison this year and says he is out of the steroid business for good. He said there's no doubt that steroid use is widespread in college football.


"These guys don't start using performance-enhancing drugs when they hit the professional level," the Oklahoma City man said. "Obviously it starts well before that. And you can go back to some of the professional players who tested positive and compare their numbers to college and there is virtually no change."


Maneafaiga, the former Hawaii running back, said his steroids came from Mexico. A friend in California, who was a coach at a junior college, sent them through the mail. But Maneafaiga believes the consequences were nagging injuries. He found religion, quit the drugs and became the team's chaplain.


"God gave you everything you need," he said. "It gets in your mind. It will make you grow unnaturally. Eventually, you'll break down. It happened to me every time."


At the DEA, Rannazzisi said he has met with and conducted training for investigators and top officials in every professional sport. He's talked to Major League Baseball about the patterns his agents are seeing. He's discussed warning signs with the NFL.


He said he's offered similar training to the NCAA but never heard back. Wilfert said the NCAA staff has discussed it and hasn't decided what to do.


"We have very little communication with the NCAA or individual schools," Rannazzisi said. "They've got my card. What they've done with it? I don't know."


___


Associated Press writers Ryan Foley in Cedar Rapids, Iowa; David Brandt in Jackson, Miss.; David Skretta in Lawrence, Kan.; Don Thompson in Sacramento, Calif.;and Alexa Olesen in Shanghai, China; and researchers Susan James in New York and Monika Mathur in Washington contributed to this report.


___


Contact the Washington investigative team at DCinvestigations (at) ap.org.


Whether for athletics or age, Americans from teenagers to baby boomers are trying to get an edge by illegally using anabolic steroids and human growth hormone, despite well-documented risks. This is the first of a two-part series.


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Three small Canadian oil companies agree to merge






CALGARY, Alberta (Reuters) – A trio of small oil and gas companies said on Thursday they have agreed to combine to form a mid-sized Canadian producer, focusing on light crude in Alberta and paying dividends.


Pace Oil and Gas Ltd , AvenEx Energy Corp and Charger Energy Corp said they would offer new shares in a combined operation known as Spyglass Resources Corp that will produce about 18,000 barrels of oil equivalent a day.






It will be led by former Provident Energy executives, Tom Buchanan as chief executive and Dan O’Byrne as president, the companies said.


Combined properties are in such Alberta geological zones as Halkirk-Provost Viking, Randell Slave Point and Gilwood and the Pembina Cardium.


Under the deal, 1.3 Spyglass shares would be exchanged for each Pace share, one Spyglass share for each AvenEx share, and 0.18 Spyglass shares for each Charger share.


The transaction values Pace shares at C$ 4.32 each, AvenEx shares at C$ 3.32 each, and Charger shares at 60 Canadian cents each, the firms said.


“The combined asset base features mature, low decline properties and a balanced commodity profile coupled with the light oil development opportunities needed to sustain the model,” Buchanan said in a statement.


The companies said recent deep discounts on Canadian heavy crude show the value of assets producing light oil, which has been much closer to U.S. benchmark prices.


Capital spending for 2013 is budgeted at C$ 80 million to C$ 90 million (US$ 81 million to C$ 91 million).


The companies said they would hold meetings for their shareholders in February to vote on the transaction. Two-thirds of each company’s shareholders must approve the deal for it to proceed, they said.


The deal is expected to close in February.


(Reporting by Jeffrey Jones; Editing by Jeffrey Benkoe)


Energy News Headlines – Yahoo! News





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Snow, high winds expected as storm takes aim at Chicago

Chicago's morning weather forecast. (WGN - Chicago)








A winter storm warning has been issued for the Chicago metropolitan area, and the National Weather Service says winds up to 60 mph could whip snow into near blizzard conditions in some spots during the evening commute.

Rain is expected to turn to snow around 3 p.m. as temperatures drop and winds pick up, the weather service said. The heaviest snow will fall from 5 p.m. to 9 p.m. with wind gusts of 50 to 60 mph. Three to 7 inches is expected in the far northwest suburbs, 2 to 4 inches in Chicago and 1 to 3 inches in the south and southwest suburbs.

But the weather service says the winds will be the real problem. "We may not get a whole lot of snow but the potential for snowing, drifting and poor visibility is very high," weather service meteorologist Mark Ratzer said.

In its storm warning, the weather service said the greatest chance of near white-out conditions is near the shoreline in Lake and Porter counties in Indiana. The storm warning is in effect from 3 p.m. until 3 a.m. Friday.

In western Illinois and Wisconsin, a blizzard warning is in effect with as much as a foot of snow forecast. Snow could fall 1 to 2 inches an hour around Rockford late in the afternoon, the weather service said.

To the south, a high wind advisory has been issued for Kankakee County. And in Indiana, a lakeshore flood warning is in effect for Lake and Porter counties.

The storm will end a record stretch of 290 days without snow in the Chicago area. This will also be the lastest that the city has seen its first measurable snowfall.

Delays and cancellations were already being reported at O'Hare International Airport. FlightStats, which collects data from the Federal Aviation Administration and airports, reported 142 cancellations and 131 delays at O'Hare.

United Airlines said it is waiving change fees for travelers scheduled to fly out of O'Hare on Thursday who want to change their plans.


ComEd said it was bracing for power outages because of the storm. The company said it was preparing additional crews and equipment and asking for help from other utilities to respond quickly to outages.

ComEd Vice President Terence Donnelly said the storm was “expected to be especially damaging” to the company's power system because of the combination of wind, snow and ice.

The approaching storm dropped nearly a foot of snow in Des Moines. The airport at Creston, Iowa, recorded the highest winds, with a gust of 53 mph.

On the southern edge of the storm system, high winds damaged homes and downed trees in central Arkansas, the weather service said. A powerful storm peeled the roofs off buildings and toppled trucks in Mobile, Ala., but injured no one. Tornado warnings remained in effect in parts of Mississippi, Louisiana and Alabama early Thursday.

Transportation officials shut down parts of Interstate 29 in Missouri early Thursday, and Interstate 80 in Nebraska remained closed due to blowing snow.


Contributing: Associated Press


chicagobreaking@tribune.com
Twitter: @chicagobreaking






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Wall Street steadies after two-day rally; Oracle gains

NEW YORK (Reuters) - Stocks were little changed on Wednesday as investors found scant reason to continue buying following the best two-day rally for the S&P in a month.


The Nasdaq notched slight gains, helped by technology shares following strong results at Oracle Corp .


The S&P added 2.3 percent over the past two sessions, the first time it has notched two straight days of 1 percent gains since late July. The advance came as the latest offers in ongoing U.S. budget negotiations supported hopes for a deal.


President Barack Obama's most recent offer to Republicans in the ongoing fiscal talks made concessions on taxes and social programs spending, amid concerns from Senate Democrats. House Speaker John Boehner said he remained hopeful about an agreement, though the offer was "not there yet."


"We're starting to see signs that there will be a deal on the 'fiscal cliff,' but after two strong days and with a fair amount of uncertainty left, people are just taking money off the table," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.


Tech shares <.gspt> were the top gainers of the day after Oracle reported earnings that beat expectations on strong software sales growth. Shares of Oracle rose 3.7 percent to $34.08, making it the biggest percentage gainer on the S&P 500.


FedEx Corp reported second-quarter revenue that beat expectations, but said earnings had been impacted by Superstorm Sandy. Shares rose 2.3 percent to $94.44.


The Dow Jones industrial average <.dji> gained 2.60 points, or 0.02 percent, to 13,353.56. The Standard & Poor's 500 Index <.spx> dropped 0.52 points, or 0.04 percent, to 1,446.27. The Nasdaq Composite Index <.ixic> gained 3.08 points, or 0.10 percent, to 3,057.61.


Equities have had difficulty maintaining strong gains amid concerns over the "fiscal cliff," a combination of tax hikes and spending cuts many fear could push the economy into recession if they take effect next year.


Markets have been buoyed in recent weeks by any indication that an agreement between policy makers over the budget may be reached, with banks and energy shares - groups that outperform during periods of economic expansion - leading gains.


Still, trading has been light ahead of the holidays, and with investors' focus on the budget talks.


Knight Capital Group Inc climbed 6.3 percent to $3.54 after it agreed to be bought by Getco Holdings in a deal valued at $1.4 billion. The stock, which nearly collapsed after a trading error in August, remains down about 76 percent so far this year.


(Editing by Bernadette Baum)



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Penn State voted AP sports story of year again


NEW YORK (AP) — The Penn State child sex abuse scandal was selected as the sports story of the year by U.S. editors and news directors in an annual vote conducted by The Associated Press.


The news broke in November 2011, with a grand jury report outlining charges against Jerry Sandusky, and the outrage that followed led to the firing of Hall of Fame coach Joe Paterno. But the aftershocks were felt long into 2012: Sandusky was convicted in June of assaulting 10 boys, and the NCAA handed down brutal sanctions in July.


In both years, the scandal was picked as the top sports story, the first time since the AP began conducting its annual vote in 1990 that the same story was selected twice in a row. The results of this year's tally were announced Wednesday.


Even before the Sandusky trial, the State College community had absorbed another huge blow as Paterno died Jan. 22 at age 85 of lung cancer.


The year ended with a small step to normalcy — joy on the football field. Under new coach Bill O'Brien, the Nittany Lions won eight of their last 10 games to finish 8-4, capped by an overtime victory at home over Wisconsin.


There were 157 ballots submitted from U.S. news organizations. The voters were asked to rank the top 10 sports stories of the year, with the first-place story getting 10 points, the second-place story receiving nine points, and so on.


The Penn State saga received 1,420 points and 109 first-place votes. The No. 2 sports story, Lance Armstrong stripped of his seven Tour de France titles, had 10 first-place votes and 1,008 points.


Football's popularity, college and pro, was unmistakable with seven of the top 10 stories. But only two of them involved the action on the field.


Here are 2012's top 10 stories:


1. PENN STATE: Sandusky, the former defensive coordinator whose crimes led to such devastation for his victims and for his former employer, was found guilty on 45 of 48 counts. In October, the 68-year-old was sentenced to 30 to 60 years in prison. His conviction provided some closure, but a messy aftermath remained. Former FBI Director Louis Freeh released the results of his investigation July 12, saying Paterno and other top school officials covered up allegations against Sandusky. The NCAA used that report as a basis for its sanctions announced later that month, which included a $60 million fine, a four-year bowl ban and scholarship reductions.


2. LANCE ARMSTRONG: In February, federal prosecutors closed an investigation into whether the star cyclist doped. That turned out to be only a temporary reprieve for a once-revered figure. In June, the U.S. Anti-Doping Agency accused him of using performance-enhancing drugs, and in August, when he dropped his fight against the charges, USADA ordered his record seven Tour titles wiped out. A report released in October laid out vivid details of the evidence. The year ends with Armstrong dropped by many of the companies he endorsed and no longer formally involved with the cancer charity he founded, Livestrong.


3. NFL BOUNTIES: This much is clear: Saints coach Sean Payton was suspended for the entire season and New Orleans started 0-4 to quickly fall out of playoff contention. Much else about the bounty scandal remains in dispute. Players deny the NFL's assertions of a pay-for-injury program. On Dec. 11, former Commissioner Paul Tagliabue overturned his successor's suspensions of four players but endorsed the findings of the investigation under Roger Goodell.


4. FOOTBALL CONCUSSIONS: The deaths of NFL greats Alex Karras — who suffered from dementia — and Junior Seau — who committed suicide — were grim reminders of the angst over head injuries in the sport and their possible consequences. Thousands of retired players have sued the league, alleging the NFL failed to protect them from the dangers of concussions.


5. LONDON OLYMPICS: Michael Phelps retired from swimming after setting an Olympic record with his 22nd medal at a Summer Games bursting with memorable performances. Usain Bolt became the first man to successfully defend both the 100- and 200-meter dash titles. And the host country racked up 65 medals in an Olympics so successful for Britain that it barely even rained.


6. COLLEGE FOOTBALL PLAYOFFS: Instead of complaining about the BCS, soon we can moan about the selection committee. After years of carping, fans finally got a playoff system, which will debut after the 2014 season. The four-team bracket will feature semifinals and a title game to determine a national champion.


7. REPLACEMENT OFFICIALS: Fans and pundits predicted a blown call would decide a critical game when the NFL started the season with replacement officials. Sure enough, in Week 3, on the national stage of "Monday Night Football," a missed offensive pass interference penalty and a questionable touchdown catch handed the Seattle Seahawks a win over the Green Bay Packers. Two days later, the league resolved its labor dispute with the regular refs.


8. SUPER GIANTS: A team that had been 7-7 upset the top-seeded Green Bay Packers on the road in the playoffs, needed overtime to beat the San Francisco 49ers in the NFC title game, then came from behind to defeat the New England Patriots in the Super Bowl, 21-17, an outcome strangely similar to their matchup four years earlier. Eli Manning won his second Super Bowl MVP award.


9. SUMMITT RETIRES: Pat Summitt, the winningest coach in NCAA basketball history, retired from the Tennessee bench in April at age 59, less than eight months after revealing she had early-onset dementia. Longtime assistant Holly Warlick took over the Lady Vols. Summitt was 1,098-208 with eight national titles in 38 seasons.


10. MANNING'S RESURGENCE: Peyton Manning was released from the Indianapolis Colts in March after missing last season because of neck surgery, the future uncertain for the four-time MVP. John Elway and the Broncos gambled that he still had some championship play left in that right arm, and so far it's looking like a brilliant move as Denver won the AFC West.


___


AP Projects Editor Brooke Lansdale contributed to this report.


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The Psychology of Mass Shootings






After the horrifying shooting at Sandy Hook Elementary school last week, people seem to be asking the same questions: What kind of person could open fire on innocent children? Why do such incidents keep happening? And what can we do to prevent such crimes?


We may never know what spurred the man who killed 20 children and six adults in Newtown, Conn., on Friday, and whether he could have been stopped.






But psychologists have created profiles of mass shooters, and many common themes — and even warning signs — emerge.


“In most cases, there’s a long trail leading up to the actual act of violence,” said Peter Langman, a psychologist in Allenton, Penn., who has studied mass shooters.


Yet despite a list of red flags, psychologists say, it is maddeningly difficult to separate the next school shooter from the millions of other disaffected students who may never go on to kill.


“There are certainly a lot of people who have a lot of things go wrong, and they’re not committing mass murders,” said Mary Muscari, a forensic nurse at Binghamton University in New York who has researched mass killers. “Even when you look at mental illness, most people with mental illness are not violent,” Muscari told LiveScience in July after the Aurora, Colo., movie theater killings.


Profile of a shooter


Many mass shootings are motivated by revenge or envy. That’s why many take place at a school or a workplace where shooters felt rejected, said Tony Farrenkopf, a forensic psychologist in Portland, Ore., who has created psychological profiles of mass shooters.


In addition, killers often exhibit risk factors that are generally tied to criminality: a history of abuse or ineffective parenting, a tendency to set fires or hurt animals, a sadistic streak, and self-centeredness and a lack of compassion.


“To most of us, children are beautiful little creatures that we love,” Farrenkopf told LiveScience. “So why would someone target them?”


In order to kill innocent little children, it’s possible the killer lacked compassion or empathy for them, instead seeing them as symbols of something he wanted to obliterate, Langman said.


School shooters often harbor anger and paranoid delusions, have low self-esteem and hang out with an outcast group, Farrenkopf said. And there is usually a triggering event — either a lost job or a falling out with a girlfriend — that finally makes them snap, he said. [10 Surprising Facts About the Teen Brain]


They also tend to be obsessed with guns, violent video games or movies.


In retrospect, investigators uncover warning signs, such as trying to recruit a peer or writing hateful stories, Langman told LiveScience.


“In many cases, students actually come out and say exactly what they’re going to do: ‘I’m going to come back with a gun and kill all of you,’” Langman said.


Toxic culture


Overwhelmingly, mass shooters are men, Langman said. That’s no surprise when you consider their self-professed motives, he said.


“These kids often feel very powerless. The one way they can feel like they’re somebody, that they’re a man, is to get a gun and kill people.”


Our culture and media (such as violent movies and video games) only reinforce the notion that manhood is about attaining power, and social and sexual status. Violence is glorified as a way to get that power, he said.


“There is that cultural script that a lot of kids are very influenced by. We don’t have a lot of alternative cultural scripts for males in terms of popular media,” he said. [The History of Human Aggression]


Society doesn’t necessarily teach constructive ways to deal with depression and disappointment, either. And we provide very little to support to people at risk before they become violent, Farrenkopf said.


Each mass shooting also holds the potential to spawn others, because other would-be shooters see stories about the crimes in the newspaper, and may want to emulate them, Farrenkopf said.


No crystal ball


Despite a fairly consistent profile, psychologists can’t predict who will kill. Millions of people will feel disaffected and vengeful, and may even lack empathy, but the vast majority would never shoot defenseless, 6-year-old children, Langman said.


And if fascination with violent media and guns were predictive, the average ninth-grade boy could be considered at risk.


“It’s only these kids who are really fundamentally struggling with their own identities,” he said. “Those really vulnerable kids who are the ones who will take a movie or video game that 10 million other kids would watch and play and take as a guide for how to live their lives.”


Even so, psychologists stress the importance of preventing these massacres before they happen. One step in that direction might be to help the kids who do feel the burden of social isolation and feelings of insignificance, regardless of whether they will ever snap.


“It’s not so much to catch shooters, because we know that’s very difficult, but actually to address very widespread problems that reach millions of kids,” Katherine Newman, a sociologist at Johns Hopkins University, told LiveScience in July.


Follow LiveScience on Twitter @livescience. We’re also on Facebook & Google+


Copyright 2012 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Arming teachers would halt massacres




William Bennett argues that schools would be safer with at least one armed person there who is well-trained in firearms use.




STORY HIGHLIGHTS


  • William Bennett: Arming, training one person in a school could help prevent shootings

  • He says armed people have stopped instances of mass killing

  • Killers may target places where they know they can't be shot down, Bennett says

  • Bennett: Guns help prevent crime and improve public safety




Editor's note: William J. Bennett, a CNN contributor, is the author of "The Book of Man: Readings on the Path to Manhood." He was U.S. secretary of education from 1985 to 1988 and director of the Office of National Drug Control Policy under President George H.W. Bush.


(CNN) -- On NBC's "Meet the Press" this past Sunday, I was asked how we can make our schools safer and prevent another massacre like Sandy Hook from happening again. I suggested that if one person in the school had been armed and trained to handle a firearm, it might have prevented or minimized the massacre.


"And I'm not so sure -- and I'm sure I'll get mail for this -- I'm not so sure I wouldn't want one person in a school armed, ready for this kind of thing," I said. "The principal lunged at this guy. The school psychologist lunged at the guy. Has to be someone who's trained. Has to be someone who's responsible."



William Bennett

William Bennett



Well, I sure did get mail. Many people agreed with me and sent me examples of their son or daughter's school that had armed security guards, police officers or school employees on the premises. Many others vehemently disagreed with me, and one dissenter even wrote that the blood of the Connecticut victims was ultimately on the hands of pro-gun rights advocates.


To that person I would ask: Suppose the principal at Sandy Hook Elementary who was killed lunging at the gunman was instead holding a firearm and was well trained to use it. Would the result have been different? Or suppose you had been in that school when the killer entered, would you have preferred to be armed?


Evidence and common sense suggest yes.



In 2007, a gunman entered New Life Church in Colorado Springs and shot and killed two girls. Jeanne Assam, a former police officer stationed as a volunteer security guard at the church, drew her firearm, shot and wounded the gunman before he could kill anyone else. The gunman then killed himself.


In 1997, high school student Luke Woodham stabbed his mother to death and then drove to Pearl High School in Pearl, Mississippi, and shot and killed two people. He then got back in his car to drive to Pearl Junior High to continue his killings, but Joel Myrick, the assistant principal, ran to his truck and grabbed his pistol, aimed it at Woodham and made him surrender.


These are but a few of many examples that the best deterrent of crime when it is occurring is effective self-defense. And the best self-defense against a gunman has proved to be a firearm.


LZ Granderson: Teachers with guns is a crazy idea










And yet, there is a near impenetrable belief among anti-gun activists that guns are the cause of violence and crime. Like Frodo's ring in "The Lord of The Rings," they believe that guns are agencies of corruption and corrupt the souls of whoever touches them. Therefore, more guns must lead to more crime.


But the evidence simply doesn't support that. Take the controversial concealed-carry permit issue, for example.


In a recent article for The Atlantic magazine, Jeffrey Goldberg, by no means an avowed gun-rights advocate, declared, "There is no proof to support the idea that concealed-carry permit holders create more violence in society than would otherwise occur; they may, in fact, reduce it."


Goldberg cites evidence from Adam Winkler, a law professor at UCLA, that concealed-carry permit holders actually commit crimes at a lower rate than the general population.


The General Accountability Office recently found that the number of concealed weapon permits in America has surged to approximately 8 million.


According to anti-gun advocates, such an increase in guns would cause a cause a corresponding increase in gun-related violence or crime. In fact, the opposite is true. The FBI reported this year that violent crime rates in the U.S. are reaching historic lows.


This comes in spite of the fact that the federal assault weapons ban expired in 2004. Supporters of the ban (not including anti-gun groups who thought it didn't go far enough in the first place) claimed that gun crime would skyrocket when the ban was lifted. That wasn't true at all.


In fact, after the expiration of the ban, The New York Times, whose editorial pages are now awash with calls for more gun restrictions, wrote in early 2005, "Despite dire predictions that America's streets would be awash in military-style guns, the expiration of the decade-long assault weapons ban in September has not set off a sustained surge in the weapons' sales, gun makers and sellers say. It also has not caused any noticeable increase in gun crime in the past seven months, according to several city police departments."


But let's take the issue one step further and examine places where all guns, regardless of make or type, are outlawed: gun-free zones. Are gun-free zones truly safe from guns?


John Lott, economist and gun-rights advocate, has extensively studied mass shootings and reports that, with just one exception, the attack on U.S. Rep. Gabrielle Giffords in Tucson, Arizona, in 2011, every public shooting since 1950 in the U.S. in which more than three people have been killed has taken place where citizens are not allowed to carry guns. The massacres at Sandy Hook Elementary, Columbine, Virginia Tech and the Century 16 movie theater in Aurora, Colorado, all took place in gun-free zones.


Do you own a gun that fell under the now-expired federal weapons ban?


These murderers, while deranged and deeply disturbed, are not dumb. They shoot up schools, universities, malls and public places where their victims cannot shoot back. Perhaps "gun-free zones" would be better named "defenseless victim zones."


To illustrate the absurdity of gun-free zones, Goldberg dug up the advice that gun-free universities offer to its students should a gunman open fire on campus. West Virginia University tells students to "act with physical aggression and throw items at the active shooter." These items could include "student desks, keys, shoes, belts, books, cell phones, iPods, book bags, laptops, pens, pencils, etc." Such "higher education" would be laughable if it weren't true and funded by taxpayer dollars.


Eliminating or restricting firearms for public self-defense doesn't make our citizens safer; it makes them targets. If we're going to have a national debate about guns, it should be acknowledged that guns, in the hands of qualified and trained individuals subject to background checks, prevent crime and improve public safety.


Follow @CNNOpinion on Twitter


Join us at Facebook/CNNOpinion


The opinions expressed in this commentary are solely those of William J. Bennett.






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Snow, high winds -- but maybe a white Christmas, too

A snow storm is headed for the Chicago area and WGN's Tom Skilling tells you what you can expect. (Posted Dec. 19th, 2012)








A winter storm whipped by high winds is expected to hit the Chicago area just in time for the evening rush hour Thursday, dumping up to 4 inches here but maybe a foot or more in Wisconsin where a blizzard warning has been issued.

But on the bright side (for some, at least), the National Weather Service is giving us a 30 percent chance of a white Christmas next week.

Thursday will begin with rain but that will change to snow around 6 p.m. as temperatures plunge. Winds will gust at 50 mph and wind chills will drop into the single digits, according to the weather service. There could even be thunder snow, it said.

The snow will continue past midnight and there could still be flurries for the morning commute Friday.

Chicago and most of the collar counties could see 2 to 4 inches of snow, with 1 to 2 inches south of Joliet and 4 to 6 inches near Rockford and Dixon, the weather service said. This would be the first measurable snowfall for Chicago this season -- and the latest it has ever occurred.

The worst of the storm will be north and west of Chicago: Both the Davenport and Milwaukee offices of the weather service have issued blizzard warnings.

“Winter’s held off so long, it’s going to come here with a bang,” weather service meteorologist Jamie Enderlen said.

In Wisconsin, the heaviest snow is expected to arrive after midnight and continue throughout the day on Thursday. Wind gusts of up to 45 mph by Thursday afternoon should make travel treacherous.

The weather service posted blizzard warnings for at least eight south central counties for Thursday afternoon. Forecasters say it could be the biggest snowstorm to hit the state since the Groundhog Day blizzard last year. That storm dumped 1 to 2 feet of snow in southeastern Wisconsin.

WGN-Channel 9 meteorologist Tom Skilling warns that the lack of snow to date over a wide swath of the Midwest, including Chicago, means there's no residual ice-deterring chemicals on the road which "could lead to especially icy road surfaces, producing hazardous travel conditions."


Skilling also reports that Chicago's first measurable snow of the season is usually a minor event, totaling just a few tenths of an inch and not causing any problems. But a check of the city's snow archives dating back to 1884 found that Chicago has logged 12 first measurable snowfalls of 3 inches or more.

The largest was 4.8 inches on Nov. 15, 1940 that helped boost that month to the city's snowiest November on record. The month ended with 14.8 inches of snow. The 1940-41 snow season went on to produce a robust 52.5 inches, well above the city's current 36.7 inch normal.


The forecast for next week is a little cheerier. For Christmas Day, the weather service says it will be in the middle 30s with a 30 percent chance of light snow.

chicagobreaking@tribune.comTwitter: @chicagobreaking






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Park wins South Korea presidency, to be first woman leader


SEOUL (Reuters) - The daughter of a former military ruler won South Korea's presidential election on Wednesday and will become the country's first female leader, saying she would work to heal a divided society.


The 60-year old conservative, Park Geun-hye, will return to the presidential palace in Seoul where she served as her father's first lady in the 1970s, after her mother was assassinated by a North Korean-backed gunman.


With more than 88 percent of the votes counted, Park led with 51.6 percent to 48 percent for her left-wing challenger, human rights lawyer Moon Jae-in, giving her an unassailable lead that forced Moon to concede.


Her raucous, jubilant supporters braved sub-zero temperatures to chant her name and wave South Korean flags outside her house. When she reached her party headquarters, Park was greeted with shouts of "president".


An elated Park reached into the crowd to grasp hands of supporters wearing red scarves, her party's color.


"This is a victory brought by the people's hope for overcoming crisis and for economic recovery," she told supporters at a rally in central Seoul.


Park will take office for a mandatory single, five-year term in February and will face an immediate challenge from a hostile North Korea and have to deal with an economy in which annual growth rates have fallen to about 2 percent from an average of 5.5 percent in its decades of hyper-charged growth.


She is unmarried and has no children, saying that her life will be devoted to her country.


The legacy of her father, Park Chung-hee, who ruled for 18 years and transformed the country from the ruins of the 1950-53 Korean War into an industrial power-house, still divides Koreans.


For many conservatives, he is South Korea's greatest president and the election of his daughter would vindicate his rule. His opponents dub him a "dictator" who trampled on human rights and stifled dissent.


"I trust her. She will save our country," said Park Hye-sook, 67, who voted in an affluent Seoul district, earlier in the day.


"Her father ... rescued the country," said the housewife and grandmother, who is no relation to the candidate.


For younger people, the main concern is the economy and the creation of well-paid jobs in a country where income inequalities have grown in recent years.


"Now a McDonald's hamburger is over 5,000 Korean won ($4.66) so you can't buy a McDonald's burger with your hourly pay. Life is hard already for our two-member family but if there were kids, it would be much tougher," said Cho Hae-ran, 41, who is married and works at a trading company.


Park has spent 15 years in politics as a leading legislator in the ruling Saenuri party, although her policies are sketchy.


She has a "Happiness Promotion Committee" and her campaign was launched as a "National Happiness Campaign", a slogan she has since changed to "A Prepared Woman President".


She has cited former British Prime Minister Margaret Thatcher, a tough proponent of free markets, as her role model as well as Angela Merkel, the conservative German chancellor who is Europe's most powerful leader.


NEGOTIATE WITH NORTH


One of those who voted on Wednesday was Shin Dong-hyuk, a defector from North Korea who is the only person known to have escaped from a slave labor camp there.


He Tweeted that he was voting "for the first time in my life", although he didn't say for whom.


Park has said she would negotiate with Kim Jong-un, the youthful leader of North Korea who recently celebrated a year in office, but wants the South's isolated and impoverished neighbor to give up its nuclear weapons program as a precondition for aid, something Pyongyang has refused to do.


The two Koreas remain technically at war after an armistice ended their conflict. Kim Il Sung, the grandfather of the North's current leader, ordered several assassination attempts on Park's father, one of which resulted in her mother being shot to death in 1974.


Park herself met Kim Jong-un's father, the late leader Kim Jong-il, and declared he was "comfortable to talk to" and he seemed to be someone "who would keep his word".


The North successfully launched a long-range rocket last week in what critics said was a test of technology for an intercontinental ballistic missile and has recently stepped up its attacks on Park, describing her as holding a "grudge" and seeking "confrontation", code for war.


Park remains a firm supporter of a trade pact with the United States that and looks set to continue the free-market policies of her predecessor, although she has said she would seek to spread wealth more evenly.


The biggest of all the chaebol, Samsung Group, which produces the world's top selling smartphone as well as televisions, computer chips and ships, has sales equivalent to about a fifth of South Korea's national output.


(Additional reporting by Jumin Park, Seongbin Kang, Narae Kim, SoMang Yang; Writing by David Chance; Editing by Robert Birsel)



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