Fatal shooting appears to have pushed city's homicide toll to 500
































































The fatal shooting of a 40-year-old man Thursday night on the West Side appears to have pushed Chicago's 2012 homicide toll to 500, the first time the city has had that many killings in four years.

The slaying came hours after the Chicago Police Department said the city was one homicide away from the 500 mark for the year.

The victim was standing outside a convenience store around 9 p.m. at Augusta Boulevard and Lavergne Avenue in the city's Austin community when he was shot in the head, police said. He was pronounced dead at John H. Stroger Jr. Hospital of Cook County at 12:18 a.m., a spokesman for the Cook County medical examiner's office said.

At the shooting scene, a pool of blood stained the sidewalk outside Noah Foods. Police tapped apartment windows and knocked on doors looking for witnesses. A stray dog trotted through the crime scene before taking off in a sprint up Lavergne.

A few bullet casings, which police initially believed to be from a .45 caliber handgun, were found next to where the man was shot. Before officers left the scene, three people walked out of the store and pounded the metal gate shut.

The last time Chicago had 500 or more homicides was in 2008. As of Thursday night, homicides were up 17 percent over last year, and shootings had increased by 11 percent, according to police statistics.

Largely contributing to the spike was the unusual number of homicides that occurred during the early part of the year, in which the city experienced unseasonable warmth. In the first three months of the year, homicides ran about 60 percent ahead of the 2011 rate.

jgorner@tribune.com
pnickeas@tribune.com


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Putin signs ban on U.S. adoptions of Russian children


MOSCOW (Reuters) - President Vladimir Putin signed a law on Friday that bans Americans from adopting Russian children and imposes other measures in retaliation for new U.S. legislation meant to punish Russian human rights abusers.


The law, which has ignited outrage among Russian liberals and child rights' advocates, enters into force on January 1 and is likely to strain U.S.-Russia relations.


As well as banning U.S. adoptions, it will also outlaw some non-governmental organizations that receive U.S. funding and impose a visa ban and asset freeze on Americans accused of violating the rights of Russians abroad.


Pro-Kremlin lawmakers initially drafted the bill to mirror the U.S. Magnitsky Act, which bars entry to Russians accused of involvement in the death in custody of anti-corruption lawyer Sergei Magnitsky and of other alleged rights abuses.


The restrictions on adoptions and non-profit groups were added to the legislation later, going beyond a tit-for-tat move and escalating a dispute with Washington at a time when ties are also strained by issues such as the Syrian crisis.


(Reporting By Alissa de Carbonnel; Editing By Steve Gutterman and Andrew Osborn)



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Stock futures signal steady open


PARIS (Reuters) - U.S. stock index futures pointed to a steady open on Wall Street on Thursday, with futures for the S&P 500 up 0.04 percent, Dow Jones futures up 0.05 percent and Nasdaq 100 futures down 0.02 percent at 0941 GMT.


European shares rose early on Thursday in their first trading session following the Christmas break, with investors focusing on Washington's last-ditch efforts to avoid a damaging bout of fiscal tightening next year. <.eu/>


Efforts to prevent the U.S. economy from going over its 'fiscal cliff' resumed on Wednesday with less than a week to go before the potentially disastrous tax hikes and spending cuts kick in.


In a sign that there may be a way through the deadlock in Congress, Republican House of Representatives Speaker John Boehner offered to at consider any bill the Democrat-controlled Senate produced. President Barack Obama will try to revive budget crisis talks when he returns to Washington on Thursday after cutting short his Christmas break.


U.S. stocks fell on Wednesday, dragged lower by retail stocks after a report showed consumers spent less in the holiday shopping season than last year.


The 2012 holiday season may have been the worst for retailers since the 2008 financial crisis, with sales growth far below expectations, forcing many to offer massive post-Christmas discounts in hopes of shedding excess inventory.


The Dow Jones industrial average <.dji> slipped 24.49 points, or 0.19 percent, to 13,114.59 at Wednesday's close. The Standard & Poor's 500 Index <.spx> shed 6.83 points, or 0.48 percent, to 1,419.83. The Nasdaq Composite Index <.ixic> dropped 22.44 points, or 0.74 percent, to 2,990.16.


(Reporting by Blaise Robinson; Editing by John Stonestreet)



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Peyton Manning, Peterson make Pro Bowl


NEW YORK (AP) — Peyton Manning and Adrian Peterson want to cap their sensational comebacks with Super Bowl appearances. For now, they can be proud of Pro Bowl spots.


So can Redskins quarterback Robert Griffin III, one of two rookies chosen Wednesday for the Jan. 27 NFL all-star game.


Manning missed all of the 2011 season with neck and back problems that required several operations. He then signed with Denver as a free agent and has led the Broncos on a 10-game winning streak to take the AFC West.


"I know there's great players out there in the NFL, but there's some great players on this team this year that deserve to go," said Manning, whose 12th Pro Bowl is a record for quarterbacks. He ranks fourth in league passing this year, has thrown 34 touchdowns and 11 interceptions.


Four other Broncos made the AFC roster: DE Elvis Dumervil, linebacker Von Miller, CB Champ Bailey and tackle Ryan Clady. Bailey's 12th appearance is a record for defensive backs.


"My goal has always been to go out and help the team win and play at a high level," Manning added. "Anything that comes along with that, like being honored as a Pro Bowl selection, is very humbling."


Minnesota's Peterson tore up his left knee on Christmas Eve last year, underwent major surgery, then was back for the season opener. He's gone from uncertain to unstoppable, running away with the rushing title with a career-high 1,898 yards and lifting the Vikings toward an NFC wild card.


"Coming into the season after going through the rehab process, I just told myself that I wanted to lead my team to a championship and make sure that I contribute and do my part," Peterson said. "I've been doing it."


Griffin is one of three rookie QBs who had superb debut seasons, along with Andrew Luck of Indianapolis and Russell Wilson of Seattle. Luck and Wilson weren't voted to the Pro Bowl by players, coaches and fans, although their teams are in the playoffs; Griffin can get to the postseason if Washington beats Dallas on Sunday.


"You can't play down those kind of things," Griffin said. "I've always said my whole football career that you don't play for awards. They just come. You don't say you're going to win the Heisman. You don't say you're going to win MVP. You go out and you prove it on the field, and if everyone feels that way then they'll give you that award."


San Francisco had the most players selected, nine, including six from its second-ranked defense. Houston was next with eight, six on offense.


Kansas City, despite its 2-13 record that is tied with Jacksonville for worst in the league, had five Pro Bowlers, including RB Jamaal Charles, who like Peterson is coming back from a torn ACL.


One other rookie, Minnesota kicker Blair Walsh, was chosen. Walsh has nine field goals of at least 50 yards, an NFL mark.


The AFC kicker is at the other end of the spectrum: Cleveland's Phil Dawson earned his first selection in his 14th NFL season.


"I deliberately tried not to know," Dawson said. "We wanted to watch the show with my kids. I had a really good idea what was going on, but it was a pretty priceless moment when we saw the name flash up on the screen. My kids went nuts 'cause my wife went nuts. That makes these 15 years of waiting worth it."


Another record setter will be heading to Honolulu: Detroit WR Calvin Johnson.


Johnson broke Jerry Rice's single-season yards receiving record and has 1,892 yards with a game left.


Falcons tight end Tony Gonzalez set the record for Pro Bowls at his position by being chosen for the 13th time.


The league's top two sackmasters, DEs Aldon Smith of San Francisco and J.J. Watt of Houston, were first-time selections. Watt has 20 1-2 sacks, one ahead of Smith; the NFL record is 22 1-2.


Other newcomers, along with Griffin, Walsh and Dawson, were AFC players tackle Duane Brown and guard Wade Smith of Houston; safety LaRon Landry of the Jets; kick returner Jacoby Jones of Baltimore; and punter Dustin Colquitt of Kansas City.


For the NFC, first-timers were Giants WR Victor Cruz; Atlanta WR Julio Jones; Seattle tackle Russell Okung and center Max Unger; San Francisco guard Mike Iupati, linebacker NaVorro Bowman and safety Donte Whitner; Chicago cornerback Tim Jennings and defensive tackle Henry Melton; Washington tackle Trent Williams and special teamer Lorenzo Alexander; Minnesota fullback Jerome Felton; Tampa Bay DT Gerald McCoy; and New Orleans punter Thomas Morstead.


Eight teams had no Pro Bowl players: Carolina, Philadelphia and St. Louis in the NFC, Tennessee, Buffalo, Jacksonville, San Diego and Oakland in the AFC.


___


Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL


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Heavy Snow Blankets Southern Illinois






FIRST PERSON | WEST FRANKFORT, Ill. — In a year of severe weather, including a drought that left the local area devastated, a winter storm has so far dumped six inches of snow with more still falling here in southern Illinois.


As of 8 a.m. local time, there was still a blizzard watch for the area until noon with snow in the forecast until at least 4 p.m. Authorities are advising everyone except for emergency workers to stay off of the roads until the storm passes.






The snow began falling locally a little after 10 p.m., though the winds, gusting up to 35mph, had begun in the early evening. The heaviest snow began to fall at 2 a.m. Visibility was so poor that venturing away from the house would leave you in a swirling haze of snow with winds inhibiting your ability to find your way back.


While visibility has improved considerably, the blowing snow alone makes for hazardous driving conditions. I live on a normally busy street and there are no signs anyone has attempted to venture out thus far.


There are currently no reports of power outages or downed limbs. The best course of action at this point is to stay inside and allow nature to take its course and then allow clean-up workers to do their jobs.


Local message boards have been speculating that the local area is in for a winter with far more snow than usual. The National Weather Service has projected that the winter will be colder than normal and that the area should be out of the drought before the farmers start spring planting. This doesn’t bode well in an area that is 29 inches low on precipitation due to the drought but only averages eight inches of snow each winter!


Weather News Headlines – Yahoo! News





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The forgotten victims of gun violence




Chicago Mayor Rahm Emanuel, center, and other area officials call for stronger gun regulations at a news conference last week.




STORY HIGHLIGHTS


  • While America was mourning Newtown victims, guns were claiming lives elsewhere in U.S.

  • Authors: Media focus on mass shootings, but continuing violence also needs coverage

  • They say inner cities suffer an epidemic of gun killings, and young are particularly vulnerable

  • Authors: There is a day-by-day slaughter of children that must be stopped




Editor's note: Bassam Gergi is studying for a master's degree in comparative government at St. Antony's College, Oxford, where he is also a Dahrendorf Scholar. Ali Breland studies philosophy at the University of Texas at Austin.


(CNN) -- On the Sunday after the Newtown massacre, President Barack Obama traveled to Connecticut to comfort the grieving community. As the president offered what he could to the town, other American communities, in less visible ways, were grappling with their own menace of violence.


In Camden, New Jersey -- a city that has already suffered 65 violent deaths in 2012 , surpassing the previous record of 58 violent deaths set in 1995 -- 50 people turned out, some bearing white crosses, to mourn a homeless woman known affectionately as the "cat lady" who was stabbed to death (50 of the deaths so far this year resulted from gunshot wounds.)



Bassam Gergi

Bassam Gergi



In Philadelphia, on the same Sunday, city leaders came together at a roundtable to discuss their own epidemic of gun violence; the year-to-date total of homicides is 322. Last year, 324 were killed. Of those victims, 154 were 25 or younger. A councilman at the roundtable asked, "How come as a city we're not in an outrage? How come we're not approaching this from a crisis standpoint?"



Ali Breland

Ali Breland



The concerns go beyond Philadelphia. In the week following the Newtown massacre, there were at least a dozen gun homicides in Chicago, Detroit, Baltimore and St. Louis alone. In a year of highly publicized mass shootings, inner-city neighborhoods that are plagued by gun violence have continued to be neglected and ignored.


According to the Centers for Disease Control and Prevention, large metropolitan areas account for more than two-thirds of deaths by gun violence each year, with inner cities most affected. The majority of the victims are young, ranging in age from their early teens to mid-20s, and black.


To track these violent deaths, many communities and media organizations have set up agonizing online trackers -- homicide watches or interactive maps -- that show each subsequent victim as just another data point. These maps are representative of a set of issues far larger than the nameless dots suggest.


In the immediate aftermath of Newtown, as politicians and public figures across America grapple with the horrible truths of gun violence, far less visible from the national spotlight is the steady stream of inner-city victims.




Illegal firearms confiscated in a weapons bust in New York's East Harlem is on display at an October news conference.



The media is fixated, and with justification, on the string of high-profile massacres that have rocked the nation in Aurora, Colorado; Tucson, Arizona; Virginia Tech; and now in Newtown. Yet in many of America's neighborhoods most affected by the calamity of gun violence, there is a warranted exasperation -- residents are tired, tired of the ubiquity of guns, tired of fearing for their children's safety, tired of being forgotten.




Critiquing a narrow media focus doesn't deny the horrible, tragic nature of the massacre at Sandy Hook Elementary School; mass shootings, however, make up only a small fraction of America's shockingly high level of gun crime.




In his study "American Homicide," Randolph Roth showed that while the overall risk of being murdered is higher in America than it is in any other first-world democracy, homicide rates vary drastically among groups.




According to Roth, if current trends are maintained, one out of every 158 white males born today will be murdered, but for nonwhite males it is likely one of every 27 born today will be murdered.




The stark difference in these racial trends can be traced to the high levels of racial segregation in America's cities, which have created a spatial barrier between poor inner-city youths of color and more mainstream America -- a barrier that is often responsible for the lack of media and political attention paid to inner-city problems.


Many experts claim that actually it is the spectacular nature of mass shootings that naturally magnifies media coverage and explains the resonance of these tragedies to the broader public. Inner-city violence on its own, however, does not suffer from a lack of awful, spectacular violence and calamity. In fact, the gruesome nature of violence in inner cities has contributed to widespread social desensitization to gun violence. How then do we explain the differing public responses?



An indicator of the difference of attention levels lies in the tone of the public rhetoric in the wake of mass shootings: "This was supposed to be a safe community," and "This kind of thing wasn't supposed to happen here."


These statements imply that in America's leafy-green small towns and suburbs, gun violence is a shocking travesty; it strikes against America's perception of what is acceptable. In contrast, gun violence in the American metropolis has been normalized, and the public and media display a passive indifference toward the lives of inner-city youths.


This normalization of inner-city violence is due in part, to the isolation and segregation of America's ghettos from wider America, but it is also due to a sense that the victims of inner-city violence are responsible for their own condition.


As Robert Sampson, a professor at Harvard University, has highlighted, the gun violence in American cities is born out of neighborhood characteristics such as poverty, racial segregation and lack of economic opportunity. This shortened explanation for the high levels of inner-city violence has often been mistaken to imply that it is the direct choice of inner-city residents to remain either in poverty or in their segregated community that leads to their victimization.


In reality, the victims of inner-city gun violence are the victims of a dual tragedy. The first is that the poverty and segregation, which play a crucial role in spurring the downward cycle of crime, are the result of social arrangements predicated on longstanding oppression and prejudice.


Through a complex mix of violence, institutional arrangements and exploitation, black Americans were pressured into ghettos, which are the hotbeds of contemporary gun violence. Their inability to escape their conditions is not a choice but rather the byproduct of continued structural discrimination. Slowing the tide of inner-city deaths through gun control is therefore a modern-day civil rights issue.


If the refusal of America's national politicians to move on gun control before Newtown represents a political failure and a paucity of American will, then the disregard for the lives of inner-city youths stricken by gun violence on a daily basis is an illustration of the limits of American compassion.


The slaughter of young children en masse should be a moment of reckoning for any society, but there is a day-by-day, child-by-child slaughter occurring in America that has gone on too long and is yet to be reckoned with.


If Newtown should teach us anything, it is that all of us in America share this same short moment of life, and that we all seek to ensure safety, security and prosperity for our children.


As Vice President Joe Biden and the presidential task force meet to negotiate about what new gun laws to recommend, they must look to Sandy Hook Elementary and beyond. We need to protect the children of Newtown from the threat of future gun violence, but the children of Chicago and Camden and Detroit deserve the same long-term security.


We may not be able to ensure absolute security for America's children, but through smarter policy America can surely save more of its children from gun violence.


Follow @CNNOpinion on Twitter.


Join us at Facebook/CNNOpinion.


The opinions expressed in this commentary are solely those of the authors.






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Man killed on Southwest Side













Homicide on California Avenue


Detectives investigate the scene of a shooting that left a 32-year-old man dead late Wednesday night.
(Peter Nickeas / Chicago Tribune / December 26, 2012)



























































A 32-year-old man died after someone shot him in the face, chest and arms in the Gage Park neighborhood late Wednesday.


He was shot in an alley east of California Avenue just south of 54th Street about 10 p.m., according to police.


Someone in a light-colored pickup shot him while he stood with a female, Chicago Police News Affairs Officer Hector Alfaro said.





He was taken to Mount Sinai Hospital in critical condition, Alfaro said. The man's family gathered there after he was shot.


Eight detectives arrived at the scene and began their investigation early Thursday morning, their unmarked police cars crowding the narrow block of 54th Street between California and Fairfield avenues. 


A young woman wept next to red tape on the south side of the crime scene.


A spokesman for the Cook County medical examiner's office wasn't able to say whether they had been notified of the death.


Check back for more information.

pnickeas@tribune.com
Twitter: @peternickeas




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Syria to discuss Brahimi peace proposals with Russia


BEIRUT (Reuters) - Syrian President Bashar al-Assad sent a senior diplomat to Moscow on Wednesday to discuss proposals to end the conflict convulsing his country made by international envoy Lakhdar Brahimi, Syrian and Lebanese sources said.


Brahimi, who saw Assad on Monday and is planning to hold a series of meetings with Syrian officials and dissidents in Damascus this week, is trying to broker a peaceful transfer of power, but has disclosed little about how this might be done.


More than 44,000 Syrians have been killed in a revolt against four decades of Assad family rule, a conflict that began with peaceful protests but which has descended into civil war.


Past peace efforts have floundered, with world powers divided over what has become an increasingly sectarian struggle between mostly Sunni Muslim rebels and Assad's security forces, drawn primarily from his Shi'ite-rooted Alawite minority.


Deputy Foreign Minister Faisal Makdad flew to Moscow to discuss the details of the talks with Brahimi, said a Syrian security source, who would not say if a deal was in the works.


However, a Lebanese official close to Damascus said Makdad had been sent to seek Russian advice on a possible agreement.


He said Syrian officials were upbeat after talks with Brahimi, the U.N.-Arab League envoy, who met Foreign Minister Walid Moualem on Tuesday a day after his session with Assad, but who has not outlined his ideas in public.


"There is a new mood now and something good is happening," the official said, asking not to be named. He gave no details.


Russia, which has given Assad diplomatic and military aid to help him weather the 21-month-old uprising, has said it is not protecting him, but has fiercely criticized any foreign backing for rebels and, with China, has blocked U.N. Security Council action on Syria.


"ASSAD CANNOT STAY"


A Russian Foreign Ministry source said Makdad and an aide would meet Foreign Minister Sergei Lavrov and Mikhail Bogdanov, the Kremlin's special envoy for Middle East affairs, on Thursday, but did not disclose the nature of the talks.


On Saturday, Lavrov said Syria's civil war had reached a stalemate, saying international efforts to get Assad to quit would fail. Bogdanov had earlier acknowledged that Syrian rebels were gaining ground and might win.


Given the scale of the bloodshed and destruction, Assad's opponents insist the Syrian president must go.


Moaz Alkhatib, head of the internationally-recognized Syrian National Coalition opposition, has criticized any notion of a transitional government in which Assad would stay on as a figurehead president stripped of real powers.


Comments on Alkhatib's Facebook page on Monday suggested that the opposition believed this was one of Brahimi's ideas.


"The government and its president cannot stay in power, with or without their powers," Alkhatib wrote, saying his Coalition had told Brahimi it rejected any such solution.


While Brahimi was working to bridge the vast gaps between Assad and his foes, fighting raged across the country and a senior Syrian military officer defected to the rebels.


Syrian army shelling killed about 20 people, at least eight of them children, in the northern province of Raqqa, a video posted by opposition campaigners showed.


The video, published by the Syrian Observatory for Human Rights, showed rows of blood-stained bodies laid out on blankets. The sound of crying relatives could be heard in the background.


The shelling hit the province's al-Qahtania village, but it was unclear when the attack had occurred.


STRATEGIC BASE


Rebels relaunched their assault on the Wadi Deif military base in the northwestern province of Idlib, in a battle for a major army compound and fuel storage and distribution point.


Activist Ahmed Kaddour said rebels were firing mortars and had attacked the base with a vehicle rigged with explosives.


The British-based Observatory, which uses a network of contacts in Syria to monitor the conflict, said a rebel commander was among several people killed in Wednesday's fighting, which it said was among the heaviest for months.


The military used artillery and air strikes to try to hold back rebels assaulting Wadi Deif and the town of Morek in Hama province further south. In one air raid, several rockets fell near a field hospital in the town of Saraqeb, in Idlib province, wounding several people, the Observatory said.


As violence has intensified in recent weeks, daily death tolls have climbed. The Observatory reported at least 190 had been killed across the country on Tuesday alone.


The head of Syria's military police changed sides and declared allegiance to the anti-Assad revolt.


"I am General Abdelaziz Jassim al-Shalal, head of the military police. I have defected because of the deviation of the army from its primary duty of protecting the country and its transformation into gangs of killing and destruction," the officer said in a video published on YouTube.


A Syrian security source confirmed the defection, but said Shalal was near retirement and had only defected to "play hero".


Syrian Interior Minister Mohammed Ibrahim al-Shaar left Lebanon for Damascus after being treated in Beirut for wounds sustained in a rebel bomb attack this month.


(Additional reporting by Laila Bassam; Writing by Alistair Lyon; Editing by Andrew Osborn)



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Yen falls, Nikkei surges as Japan gets a new government

TOKYO (Reuters) - The yen fell to a 20-month low against the dollar on Wednesday, buoying the benchmark Nikkei stock average to nine-month highs, as Japan swore in a new prime minister eager to pursue drastic stimulus steps to drive the country's economy out of deflation.


Asian shares and other assets were capped in thin holiday trade, with investors focusing on the fate of U.S. negotiations to avert a budget crunch looming at the end of the year.


Markets in Singapore <.ftsti>, Malaysia <.klse>, Indonesia <.jkse>, the Philippines <.psi> and South Korea <.ks11> reopened on Wednesday after closing on Tuesday for the Christmas holiday.


Hong Kong and Australia remain closed on Wednesday. Europe also will not trade, but U.S. markets reopen later in the day.


MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> was little changed. Shanghai shares <.ssec> were flat, but stayed in positive territory on the year after a 2.5 percent jump on Tuesday erased 2012 losses. It is set for a first annual gain in three years. South Korean shares <.ks11> ended nearly flat.


Shinzo Abe, whose party won a landslide victory in an election earlier this month, was elected Japan's premier on Wednesday. Abe, who is expected to appoint his cabinet later Wednesday, is calling for a mix of aggressive monetary policy easing and big fiscal spending to beat deflation and rein in the strong yen.


He has kept up pressure on the Bank of Japan to be more drastic and adopt a 2 percent inflation target to beat deep-rooted deflation, pushing the yen to a 20-month low of 85.38 yen on trading platform EBS on Wednesday. Traders eyed the dollar's 2011 high of 85.53 yen as the next target.


The euro rose as high as 112.55 yen on EBS, just below its 16-month high of 112.59 yen hit on December 19.


The weaker yen has bolstered hopes for better earnings from Japanese companies and underpinned the Nikkei, which has gained some 18 percent since mid-November when the election was scheduled, fuelling expectations for Abe's party to win. The yen has lost nearly 8 percent against the dollar in the same period.


The Nikkei <.n225> closed at a nine-month high with a 1.5 percent gain. <.t/>


"Most foreign funds have added Japanese shares and there are fewer participants today, but there still is a reason for the Nikkei to rise," said Hideyuki Okoshi, general manager at Chibagin Securities. "Not only exporters but investors are buying other stocks which could benefit under the new government."


Japanese government debt prices fell, with the 10-year bond futures hitting a three-month low of 143.65 in active trade. Ten-year JGB yields rose 1.5 basis points to 0.780 percent, matching a six-week high hit on December 19.


"We continue to see equities going high, so the pressure is on the long end of the JGB curve. For the short end of the curve, we continue to see the BOJ ease aggressively, so there is no change in that," said Tadashi Matsukawa, head of Japan fixed income at PineBridge Investments.


Minutes of the BOJ's policy-setting meeting in November, released on Wednesday, showed that some board members said the central bank must act decisively, without ruling out any policy options, if the outlook for the economy and prices worsens further.


"FISCAL CLIFF" RISK


The dollar was expected to stay firm this week as the U.S. fiscal impasse is likely to continue to sap investor appetite for risky assets and raise the dollar's safe-haven appeal.


Ten-year U.S. Treasury notes held steady in price to yield roughly 1.776 percent in Asia, little changed from late U.S. trade on Monday. The U.S. bond market was closed on Tuesday for Christmas.


"I think there is about a 50 percent chance of the cliff being avoided at the year-end through an agreement of some kind, even if it turns out to be just a short-term postponement," said Tomoaki Shishido, a rate analyst for Nomura Securities in Tokyo.


A U.S. official said on Tuesday that President Barack Obama may return to Washington from his Hawaiian holiday as early as Wednesday evening to address the unfinished negotiations over the "fiscal cliff" of some $600 billion in automatic spending cuts and tax increases set to start on January 1.


If the United States falls off the fiscal cliff, economists warn that the world's largest economy could plunge into recession and drag global economies down as well.


Data out of Asia on Wednesday underscored fragile global growth.


Exports in Thailand, Southeast Asia's second-largest economy, rose nearly 27 percent in November from a year ago, but that reflected recovery from flooding in late 2011 and not growth in global demand.


South Korea's key consumer sentiment index held steady in December from November and stood below the neutral point for a fifth consecutive month, diminishing hopes of a quick economic rebound.


Gold edged lower on Wednesday on uncertainty over the fiscal cliff, but a weaker yen sparked a rally in bullion futures on the Tokyo Commodity Exchange (TOCOM).


Brent crude climbed above $109 per barrel on Wednesday in thin trade, with investors hoping for a last-minute deal to avoid a U.S. fiscal crisis. U.S. crude futures also inched up 0.4 percent to $88.94.


(Additional reporting by Ayai Tomisawa and Dominic Lau in Tokyo and Masayuki Kitano in Singapore; Editing by Richard Borsuk)



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James leads Heat over Thunder in Finals rematch


MIAMI (AP) — Kevin Durant and Russell Westbrook combined to score 54 points, more than any set of teammates had managed in a game against Miami all season.


Oklahoma City needed them to score at least three more.


That didn't happen, and an NBA Finals rematch went just as last year's title series did — to the Heat.


LeBron James had 29 points, nine assists and eight rebounds, Dwyane Wade scored 21, and the Heat survived a frantic finish to beat the Thunder 103-97 on Tuesday night, a game where Durant and Westbrook both missed potential tying 3-pointers in the final seconds.


"A great game to play," Thunder coach Scott Brooks said, "and a great game to coach."


For the Heat, it was just a little greater.


Mario Chalmers scored a season-high 20 for the Heat, who were 19 for 19 from the foul line, the second-best effort in franchise history behind only a 30-for-30 game in Boston on March 24, 1993. Chris Bosh added 16 points for Miami, which has beaten the Thunder five straight times dating to last June's title series.


"Felt a little bit like a different month," Heat coach Erik Spoelstra said. "Regardless of what your script is coming into the game, when you play this team, it's not going to go according to script. They're too good."


It's the first losing streak of the season for the Thunder, who had been 4-0 after losses. Serge Ibaka and Kevin Martin each scored 15 for Oklahoma City.


The game had a little of everything — a fast start by the reigning champions, a one-handed dunk by James on an offensive rebound that will be added to his copious highlight reel, a scrum after a hard foul that led to double-technicals on Wade and Ibaka early in the fourth, an easy rally by the Thunder from an early double-digit deficit, and even workout partners in Durant and James barking back and forth in the final minutes.


Such was the intensity that James slumped over the scorer's table with 1:08 left, exhausted.


"I'm tired as hell right now," James said — and that was more than an hour after the game ended.


With good reason. On an emotional day, there was a wild finish.


Wade lost the ball on an ill-advised, behind-the-back dribble, and the turnover set up Durant for a two-handed dunk that got the Thunder within 96-95 with 44.1 seconds remaining.


Needing a stop on the next trip, the Thunder instead forgot to play defense. Kendrick Perkins and Ibaka both were confused on the ensuing Miami possession, and Bosh was left alone to take a pass from James and throw down a dunk that restored Miami's three-point edge.


"We went over and helped," Durant said. "We just needed to help on the backside. There was miscommunication but we still had a chance to go into overtime."


Two chances, actually.


Oklahoma City got within one when Durant made a jumper over James, but no closer. Ray Allen's two free throws with 15.6 seconds left made it 100-97, and Miami's last three points came from the line. Durant missed a 3-pointer that James contested, Westbrook wound up with a second chance that Wade defended, and the Thunder guard smacked a nearby table arguing that he was fouled.


"Part of the game," Westbrook said.


While the stars were stars, the Heat got help from one unexpected source. Chalmers was making everything, even unintended plays. Allen lost possession on what looked to be a pass to no one, but Chalmers picked up the bouncing ball on the right wing, whirled and made a 3-pointer — putting Miami up 86-79 with 8:14 left.


In the end, that cushion was necessary.


"I got going early," Chalmers said, "and I stuck with it."


The Heat came out flying, opening a quick 13-2 lead after making six of their first seven shots. About all that didn't go right for the Heat early on was James committing a foul, the first time he was called for a personal since Dec. 8.


It happened 4:03 into the game — 254 minutes and 7 seconds of on-court time since his last one — when James fouled Ibaka on a dunk attempt.


Chalmers had 12 points, matching his season high, in the opening quarter alone, and that was also Miami's lead after his layup for a 15-3 edge. When Durant headed to the bench after being called for his second personal, plus a technical, with 2:08 left in the first, the Heat led 27-16.


But even with Durant out, Oklahoma City scored the last eight points of the quarter, six coming from the line. The Thunder shot 17 of the game's first 18 free throws and finished with a 38-19 edge in tries from the stripe.


The Heat were held to two points in the first 5:05 of the third, and the Thunder grabbed the lead for the first time. Durant connected on a baseline jumper while falling out of bounds and getting fouled by James. The resulting free throw gave Oklahoma City a 58-56 edge.


With that, the back-and-forth began, and Miami found a way.


"Both teams really played up to the billing," Wade said. "An excellent basketball game."


NOTES: James scored at least 20 points for the 30th straight regular-season game and 46th overall. ... Wade is 7-1 on Christmas, and James has won six straight on the holiday. ... Miami's Mike Miller became the 48th active player to reach 10,000 points. ... The Thunder have used the same starting lineup for all 27 games. ... James passed Bernard King for 39th on the NBA career scoring list. ... Attendance was 20,300, the largest crowd for a Heat home game since they moved into AmericanAirlines Arena.


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