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STORY HIGHLIGHTS


  • Contributors offer impressions of Barack Obama's second inaugural address

  • Julian Zelizer says speech a ringing defense of liberalism, obligations of citizens

  • Donna Brazile says speech spells out "American faith; Tim Stanley says it shows division

  • Bob Greene: He spoke of "never-ending journey" for U.S.; more remarkable journey is his




(CNN) -- President Barack Obama was sworn in Monday for a second term. CNN contributors and analysts offered these assessments of the 44th's president's inauguration:


Julian Zelizer: A call to the obligations of citizenship


The speech connected the greatest generation with our generation. In a ringing defense of liberalism and the obligations of citizenship, Obama called on the nation to complete the unfinished struggles of the 1950s and 1960s -- making rights real, giving more Americans the tools they need to work their way into the middle class and caring for those who can't care for themselves.



Julian Zelizer

Julian Zelizer



He didn't present this as an argument from a Democratic president, but rather as a leader who believes the nation is exceptional. He continued to express his desire to search for the middle way, but based on a strong defense of the political tradition that shapes him. It was powerful oration for a contentious moment in national politics.


Julian Zelizer is a professor of history and public affairs at Princeton University. He is the author of "Jimmy Carter" and of "Governing America."


Obama's address: Full text


Donna Brazile: Speech defined 'American faith'


Obama's second inaugural address was a deeply moving and patriotic speech.


It was one of the most effective usages of the founding documents' principles as a supporting narrative -- drawing us from the past to the present to the future. It combined two of Obama's greatest strengths: his reason (constitutional analysis, desire to teach) with his poetic skills as a writer and a leader.



Donna Brazile

Donna Brazile



He touched on some of the practical challenges facing America. And in addressing these, he reaffirmed the approach he outlined during the election.


But the speech itself was about a different kind of affirmation. It echoed sentiments and subjects that have been a motif of his presidency, indeed his career. Obama defined what may be called an American faith.


In referring to the Declaration of Independence's guiding principle, he said, "For history tells us that while these truths may be self-evident, they have never been self-executing; that while freedom is a gift from God, it must be secured by his people here on Earth."


Each balanced phrase and each oscillation between where we have been and where we must go elaborated this theme: The American faith is the faith in America. "We are true to our creed," he said, when even a little girl born in poverty knows that she has the same chance to succeed as anybody else, because she is an American, she is free, and she is equal, not just in the eyes of God but also in our own."


I will long ponder this, that "preserving our planet, commanded to our care by God ... will lend meaning to the creed our fathers."


This may not be remembered as the most stirring or oratorical inaugural speech. But it was a president sharing with the nation his values most personal and vision most spiritual.


Donna Brazile, a CNN contributor and a Democratic strategist, is vice chairwoman for voter registration and participation at the Democratic National Committee. She is a nationally syndicated columnist, an adjunct professor at Georgetown University and author of "Cooking With Grease." She was manager for the Gore-Lieberman presidential campaign in 2000.


Obama embraces key social justice movements


Alan Brinkley: Richard Blanco a new Walt Whitman?


Inaugurations are usually pretty dull, and second-term inaugurations are usually even worse. Obama's speech was much better than I thought it would be -- not one for the ages, but good for our time. The crowds, perhaps surprisingly, were enormous -- almost as large as 2008.



Alan Brinkley

Alan Brinkley



Obama spoke clearly about his own views without openly criticizing his opponents. As he did in 2008, he continued to call for compromise, although he must have known that little compromise in Congress is waiting. And so he continued with his list of his hopes -- few of which will likely succeed.


No one has reached the level of Lincoln's second inauguration speech. Obama's speech is not likely to be remembered in the way Lincoln's was. But it was better than most inaugural speeches, and better than his 2008 speech. To me, though, the best part of the inauguration was the little known poet Richard Blanco, who sounded like a new Walt Whitman.


Alan Brinkley is the Allan Nevins professor of history at Columbia University.


Inaugural poet: My story is America's


John Avlon: Reclaiming 'American exceptionalism' from conservatives


Obama used his second inaugural address to recast contemporary political debates in the larger sweep of American history, implicitly making the case that the current Democratic Party's agenda is in the mainstream of American history, part of a constant process of forming a more perfect union -- with individual freedom heightened best when balanced with community security.



John Avlon

John Avlon



It was an audacious speech to the extent that Obama sought to reclaim politicized concepts like American exceptionalism from their conservative contexts, making the case that the combination of diversity and opportunity makes the American Dream possible for each new generation.


The president did not shy away from commenting on contemporary policy debates, saying that "the commitments we make to each other -- through Medicare and Medicaid, and Social Security -- these things do not sap of initiative, they strengthen us. They do not make us a nation of takers; they free us to take the risks that make this country great." Somewhere in La Jolla, California, Mitt Romney's ears were burning.


Although the ambitions of the speech were audacious, the scope of the speech was sprawling and dotted with policy references more suited to a State of the Union address. It was not tightly framed or focused on a single concept, nor was there a single clear phrase that summed up the speech, at least at first listen.


The closing refrain -- a reminder that the presidential oath of office is an extension of the oath of citizenship taken by new immigrants or the oath taken by soldiers -- also offered a reach across the aisle: "It was an oath to God and country, not party or faction." Balanced with the pointed presidential reality check that "We cannot mistake absolutism for principle, or substitute spectacle for politics, or treat name-calling for reasoned debate," it summed up the hopes of this inaugural moment and the import of his decisive re-election amid such a divided political landscape.


Here's hoping for all of us that those patriotic emotions -- those actual imperatives of self-government -- are carried forward into the next Congress.


John Avlon is a CNN contributor and senior political columnist for Newsweek and The Daily Beast. He is co-editor of the book "Deadline Artists: America's Greatest Newspaper Columns." He is a regular contributor to "Erin Burnett OutFront" and is a member of the OutFront Political Strike Team. For more political analysis, tune in to "Erin Burnett OutFront" at 7 ET weeknights.


Sworn in again, Obama lingers for last look


Anne-Marie Slaughter: A welcome focus on climate change


This was the rainbow inauguration. It was dedicated above all to showcasing the diversity of the American people and calling on us once again to fulfill the promise of e pluribus unum -- out of many, one. Foreign policy got a scant few paragraphs.



Anne-Marie Slaughter

Anne-Marie Slaughter



But the single most important moment was Obama's decision to list our commitment "to respond to the threat of climate change" as the first mention of a foreign policy issue. He spoke of leading a transition to sustainable energy resources, a national grand strategy that has recently been proposed by Patrick Doherty of the New America Foundation, building on the proposal of a new strategic narrative by two military men working for Adm. Michael Mullen when he was chairman of the Joint Chiefs of Staff.


Climate change is in fact the most important existential and security issue of our time. Equally important, it is both a foreign policy and a domestic policy issue. Obama believes that how we respond to our domestic challenges will determine our power and influence in the world, so he will bring troops home, engage the world through partnerships, support democracy through the power of our example, and, as he said so often on the campaign trail, engage in nation-building here at home.


Anne-Marie Slaughter is a professor of politics and international affairs at Princeton University. She curates foreign policy on Twitter at @slaughteram.


The best Inauguration Day tweets


LZ Granderson: Cheers for one Supreme Court rock star


The crowd cheered when President Obama was introduced. It cheered loudly for the first lady and her bangs. The people politely applauded Nancy Pelosi, Harry Reid and other leaders of the Democratic Party.


When Beyonce and Jay-Z were shown on the big screen, there were screams and when the Clintons emerged, shouts. None of this was unexpected.



LZ Granderson

LZ Granderson



What did surprise me was the enthusiastic reaction to Sonia Sotomayor. Maybe it was because she was selected to swear in Vice President Biden, though John Roberts was barely recognized when he was on the screen and he saved Obamacare.


You would think for a crowd as partisan as this one -- Paul Ryan was booed loudly -- that Roberts would get some love. But nope. On this day there was room for only one Supreme Court rock star and it was the wise Latina from the Bronx who, despite all of her success, still admits to suffering a tad from imposter syndrome.


Perhaps hearing hundreds of thousands of people cheer at the sight of her face will help her get over it.


LZ Granderson, who writes a weekly column for CNN.com, was named journalist of the year by the National Lesbian and Gay Journalists Association and is a senior writer and columnist for ESPN the Magazine and ESPN.com. Follow him on Twitter: @locs_n_laughs.


Ana Navarro: Today, revel in the strength of democracy


I love the pomp and circumstance of inaugurals. I love the significance of the traditions. I was born in Nicaragua into a dictatorship that had already lasted more than two decades. I lived through a civil war and communist revolution before I was 10.



Ana Navarro

Ana Navarro



Today, I am fortunate to live in a country where for 224 years we have had peaceful transitions of government. Sadly, it is something of a rare occurrence in our hemisphere and our world. In these difficult times when political divisions and ideological differences dominate our political discourse, we must not take for granted the strength of our democracy. We cannot forget, that in other countries, political disagreements can land you in exile, jail or a grave.


Inaugurations are a day for unity and vision, a day for lofty rhetoric and inspiration. It's not a day when we wave a magical wand to erase divisions. Instead, it is a day when in spite of those divisions, we recognize that our Constitution and democracy prevail.


I'm not going to dissect Obama's speech. Former Jimmy President Carter called it a "very progressive" speech. I agree. There were many lines in that speech that the coalition that voted for Obama will find encouraging, and those who didn't vote for him, will not. We have plenty of time to focus on those differences. Today, let's focus on what brings us together, not drives us apart


Ana Navarro, a Republican strategist and commentator, was national Hispanic campaign chairwoman for John McCain in 2008 and national Hispanic co-chair for Jon Huntsman's 2012 campaign. Follow her on Twitter @ananavarro.


Obama's second-term priorities


Timothy Stanley: President's speech laid out America's divide


Obama obviously intends to govern as he campaigned -- as a committed, uncompromising liberal. We were promised one of those "bring us together"-type speeches that typified the heady days of 2009; instead we got a more policy specific speech that reflected the difficult, partisan reality of 2013. Obama has an agenda, and he's willing to fight for it.



Timothy Stanley

Timothy Stanley



The philosophical ground work was laid out. Freedoms, we learned, "are self-evident but not self-executing." It requires "collective action" to realize basic liberties. And we cannot truly be free if dominated by a "privileged few." So we were promised economic justice, renewable energy and a moral commitment to gay rights -- "for if we are truly created equal, then surely the love we commit to one another must be equal as well." For that line alone the speech proved controversial but admirably courageous. All of this is germane to European politics, but it feels radical coming from a U.S. president. It wouldn't have been out of place if he had joined James Taylor in a rendition of "I'd Like to Teach the World to Sing."


Obama's presidency was supposed to heal the nation, but it's notable just how divided it feels today. Aside from the polls that show significant numbers of Americans are worried about the future (and worrying numbers of Republicans hoping that the president's policies will fail), the biggest marker of this is the growing philosophical difference between the parties. If Romney had won, his speech would no doubt be equally as partisan but very different in tone and content. And the enormous gulf between Obama's collectivist reading of the Constitution and Romney's individualist one reflects the fracturing of the country into camps that understand their country's history and values very differently.


Of course, if Romney had won, the speech probably also wouldn't have been so good. On style alone, Obama has earned his place in history. What he makes of his second term, however, will be determined by forces beyond his control.


Timothy Stanley is a historian at Oxford University and blogs for Britain's The Daily Telegraph. He is the author of "The Crusader: The Life and Times of Pat Buchanan."


'Mr. President, please fix America'


Maria Cardona: Hope and change undimmed



Maria Cardona

Maria Cardona



It was more sober in this inaugural address, but Obama's message is still one of hope and change. On a cold, windy morning, before a smaller throng than last time around, the president laid out his vision with a keen focus on what got him: his championing of the middle class, a recognition and celebration of the growing and powerful demographics in this country -- Latinos, women, the lesbian, gay, bisexual, and transgender community, and young people -- and a reaffirmation that we "are all in this together."


The historic participation of four Latinos front and center and his mention of immigration reform- by description if not by name, underscored the importance of the Latino electorate. You saw co- chair of the Inaugural Eva Longoria, Justice Sonia Sotomayor who swore in Vice President Biden, openly gay Latino poet Laureate Richard Blanco reciting a riveting poem that reflected the diversity of the country, and the Rev. Luis Leon, who gave part of the benediction in Spanish. This, along with the president's acknowledgment in his speech that we cannot be a country that is unwelcoming of immigrants or one that does not embrace young immigrants who have studied hard and want to succeed, was a clear indication that the president understands that the 71% of Latinos who helped get him elected will be looking for him to have their back. It seems he will.


He was also defiant in his defense of the middle class and put his opponents on notice that he will not back down in the fights ahead to ensure that Medicare and Social Security remain strong and that our economy is rebuilt for everyone, not just the privileged few. He gave his supporters hope he will continue to fight for them. He gave all Americans the assurance the country will continue to change for the better. Still: hope and change.


Maria Cardona is a Democratic strategist, a principal at the Dewey Square Group, a former senior adviser to Hillary Clinton and former communications director for the Democratic National Committee.


A tale of two terms: Obama's unfinished business and battles ahead


Bob Greene: Obama's remarkable journey


"A never-ending journey."



Bob Greene

Bob Greene



Obama used those words to describe America's path. But, long after most of the specific words of his second inaugural address fade into memory, it is another journey -- his -- that will be endlessly instructive, both for his admirers and his detractors.


The ambition, the lightning speed with which, in 10 brief years, he changed the trajectory of his life, seem only more remarkable on a day like Monday, when, at the U.S. Capitol, the Brooklyn Tabernacle Choir sang "The Battle Hymn of the Republic" as he waited to again take the oath of office.


Among the faces at the Capitol as Obama arrived was that of a congressman from Illinois named Bobby Rush. Ten Januarys ago Obama was a member of the state Legislature in Illinois, having returned to those chambers after, in 2000, suffering a humiliating defeat. He had hoped to go on to national politics, to the U.S. Congress, but Rush had crushed him 2-to-1 in the primary. Obama's career, at least beyond the confines of Springfield, Illinois, seemed stalled.


In January of 2003, could even Obama, with all his self-confidence, have imagined that in January of 2013 he would be taking the oath of presidential office for the second time?


He will only be 55 when he finishes his second term. Perhaps, when all the politics are done, he will feel at ease to explain, in human terms, just how he convinced himself that all of this was even remotely possible.


"We cannot afford delay," he said to the nation Monday.


He was referring to all of us, to the country. But you could look at him and consider what must go through a person's mind when he seems stuck in a place he doesn't want to be, and decides that urgency may be the only answer.


"We are made for this moment," he said Monday, the words traveling around the world.


CNN contributor Bob Greene is a best-selling author whose 25 books include "Late Edition: A Love Story," "Chevrolet Summers, Dairy Queen Nights" and "When We Get to Surf City: A Journey Through America in Pursuit of Rock and Roll, Friendship, and Dreams."


Photos: Obama's face all over the place


Brian Balogh: Obama reminds us why he's a progressive


Inaugural addresses, especially the second time around, are not supposed to matter.



Brian Balogh

Brian Balogh



This one did. That's because future historians will mark it as the moment that Obama explained why he is a progressive.


The programs that Obama called for were characteristically liberal: reaffirming the social safety net, equal pay for women, etc. Nothing new here -- just the Obama classic.


What differed this time, and what this moment was made for (to twist the president's own words) was articulating the progressive rationale for these programmatic ends. "Preserving our individual freedoms ultimately requires collective action," Obama proudly told the nation.


Compare this with the rationale that Obama offered to the American people at his State of the Union less than a year ago. Saving the heroic mission to capture Osama bin Laden for the grand finale, the president insisted that the "mission only succeeded because" each brave warrior knew that "there's somebody behind you, watching your back." The pre-election Obama, still seeking the middle ideologically, deployed the lowest common denominator of Cold War liberalism -- collective security -- as the rationale for a far more ambitious social program.


His second election behind him, Obama linked his fate and the nation's to a rationale that propelled tens of millions of Americans into the middle class. By making collective action explicit, Obama yoked a century-old progressive agenda to the nation's founding documents and its past history. "Now, more than ever, we must do these things together, as one nation, and one people." To achieve America's lofty goals of "life, and liberty, and the pursuit of happiness" will require back watching, backslapping and no shortage of back-scratching as well.


But today, Obama left that for back benchers. He stated the "c" word -- collective -- loudly and proudly. And the nation will be better off for his candor.


Brian Balogh, a professor of history at the University of Virginia's Miller Center, is co-host of "Backstory With the American History Guys."


Follow us on Twitter @CNNOpinion.


Join us on Facebook/CNNOpinion.


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






Read More..

Body of cyanide-poisoned lottery winner is reburied

Mohammed Zaman on the exhumation of his brother-in-law, poisoned lottery winner Urooj Khan. (Posted on: Jan. 21, 2013.)









The body of a West Rogers Park man who died of cyanide poisoning last summer after winning a million-dollar lottery was laid to rest again Monday, three days after his remains were exhumed for an autopsy as part of a homicide investigation.


The scene at Rosehill Cemetery on Monday afternoon was in sharp contrast to Friday morning, when a throng of reporters and TV cameramen had massed outside an entrance gate as numerous Chicago police, Cook County medical examiner officials and cemetery workers surrounded the gravesite while Urooj Khan's remains were unearthed.


About half a dozen people — two in light blue coveralls — wheeled a gurney carrying Khan's body Monday from the back of an unmarked white minivan to under a tent at his gravesite in the Far North Side cemetery. The body was then lowered into the ground while two of Khan's relatives stood at the gravesite in the bitter cold.








Haroon Firdausi, a funeral director and imam, gave a brief prayer during the reburial.


The entire reburial took about 20 minutes.


Shortly before the reburial, one of Khan's relatives, Mohammed Zaman, talked briefly at the cemetery about the family's discomfort with his body being exhumed for the police investigation.


"The sad part is that he wasn't resting in peace," Zaman said of the exhumation. "... Now we have to bury him back again. For any religion, it's hard."


As the Tribune first revealed earlier this month, the medical examiner's office initially ruled that Khan's death in July was from hardening of the arteries, after no signs of trauma were found on the body and a preliminary blood test did not raise any questions. But the investigation was reopened about a week later after a relative raised concerns that Khan may have been poisoned.


Chicago police were notified in September after tests showed cyanide in Khan's blood. By late November, more comprehensive testing showed lethal levels of the toxic chemical, leading the medical examiner's office to declare the death a homicide.


After Khan's body was exhumed Friday, an autopsy was performed for evidence that could aid in the homicide investigation. At the time, Chief Medical Examiner Stephen Cina said it could take several weeks for the tests to be completed. The medical examiner's office hopes samples taken from Khan's organs will show whether he ingested or inhaled the cyanide.


Although a motive has not been determined, police have not ruled out that Khan was killed because of his lottery win a few weeks before his death, a law enforcement source has told the Tribune. At the time of his death, he hadn't collected his winnings — a lump-sum payment of about $425,000 after taxes.


Zaman said he hopes the autopsy sheds more light on his brother-in-law's death.


"It's very hard for the family," Zaman said of the exhumation and reburial. "But it's the only way to find out what happened to him."


jgorner@tribune.com



Read More..

Israel goes to polls, set to re-elect Netanyahu


JERUSALEM (Reuters) - Israelis voted on Tuesday in an election that is expected to see Prime Minister Benjamin Netanyahu win a third term in office, pushing the Jewish state further to the right, away from peace with the Palestinians and towards a showdown with Iran.


However, Netanyahu's own Likud party, running alongside the ultra-nationalist Yisrael Beitenu group, looks set to have fewer seats than in the previous parliament, with opinion polls showing a surge in support for the far-right Jewish Home party.


Political sources said Netanyahu, concerned by his apparent fall in popularity, might approach centre-left parties after the vote in an effort to broaden his coalition and present a more moderate face to Washington and other concerned allies.


"We want Israel to succeed, we vote Likud-Beitenu ... The bigger it is, the more Israel will succeed," Netanyahu said after casting his ballot alongside his wife and two sons.


Some 5.66 million Israelis are eligible to vote, with polling stations closing at 10 p.m. (2000 GMT). Full results are due by Wednesday morning, opening the way for coalition talks that could take several weeks.


The lackluster election campaign failed to focus on any single issue and with a Netanyahu victory predicted by every opinion poll, the two main political blocs seemed to spend more time on internal feuding than confronting each other.


"There is a king sitting on the throne in Israel and I wanted to dethrone him, but it looks like that won't happen," said Yehudit Shimshi, a retired teacher voting in central Israel, on a bright, hot mid-winter morning.


No Israeli party has ever secured an absolute majority, meaning that Netanyahu, who says that dealing with Iran's nuclear ambitions is his top priority, will have to bring various allies onboard to control the 120-seat Knesset.


The former commando has traditionally looked to religious, conservative parties for backing and is widely expected to seek out the surprise star of the campaign, self-made millionaire Naftali Bennett who heads the Jewish Home party.


Bennett has ruled out any peace pact with the Palestinians and calls for the annexation of much of the occupied West Bank.


His youthful dynamism has struck a chord amongst Israelis, most of whom no longer believe in the possibility of a Palestinian deal, and has eroded Netanyahu's support base.


The Likud has also shifted further right in recent months, with hardline candidates who reject the so-called two-state solution, dominating the top of the party list.


"TRENDY PARTIES"


Surveys suggest Bennett may take up to 14 seats, many at the expense of Likud-Beitenu, which was projected to win 32 in the last round of opinion polls published on Friday -- 10 less than the two parties won in 2009 when they ran separate lists.


Acknowledging the threat, Netanyahu's son Yair urged young Israelis not to abandon the old, established Likud.


"Even if there are more trendy parties, there is one party that has a proven record," he said on Tuesday.


Amongst the new parties standing for the first time in an election were Yesh Atid (There is a Future), a centrist group led by former television host Yair Lapid, seen winning 13 seats.


"All our lives we voted Likud, but today we voted for Lapid because we want a different coalition," said Ahuva Heled, 55, a retired teacher voting with her husband north of Tel Aviv.


Lapid has not ruled out joining a Netanyahu cabinet, but is pushing hard for ultra-Orthodox Jews to do military service -- a demand fiercely rejected by some allies of the prime minister.


Israel's main opposition party, Labour, which is seen capturing up to 17 seats, has already ruled out a repeat of 2009, when it initially hooked up with Netanyahu, promising to promote peace negotiations with the Palestinians.


U.S.-brokered talks collapsed just a month after they started in 2010 following a row over settlement building, and have laid in ruins ever since. Netanyahu blamed the Palestinians for the failure and says his door remains open to discussions.


Palestinian President Mahmoud Abbas says he won't return to the table unless there is a halt to settlement construction.


That looks unlikely, with Netanyahu approving some 11,000 settler homes in December alone, causing further strains to his already notoriously difficult relations with U.S. President Barack Obama, who was sworn in for a second term on Monday.


IRAN THREAT


Tuesday's vote is the first in Israel since Arab uprisings swept the region two years ago, reshaping the Middle East.


Netanyahu has said the turbulence - which has brought Islamist governments to power in several countries long ruled by secularist autocrats, including neighboring Egypt - shows the importance of strengthening national security.


If he wins on Tuesday, he will seek to put Iran back to the top of the global agenda. Netanyahu has said he will not let Tehran enrich enough uranium to make a single nuclear bomb - a threshold Israeli experts say could arrive as early as mid-2013.


Iran denies it is planning to build the bomb, and says Israel, widely believed to have the only nuclear arsenal in the Middle East, is the biggest threat to the region.


The issue has barely registered during the election campaign, with a poll in Haaretz newspaper on Friday saying 47 percent of Israelis thought social and economic issues were the most pressing concern, against just 10 percent who cited Iran.


One of the first problems to face the next government, which is unlikely to take power before the middle of next month at the earliest, is the stuttering economy.


Data last week showed the budget deficit rose to 4.2 percent of gross domestic product in 2012, double the original estimate, meaning spending cuts and tax hikes look certain.


(Additional reporting by Ori Lewis, Jeffrey Heller and Tova Cohen; Editing by Giles Elgood)



Read More..

European shares test two-year highs, yen volatile before BOJ

LONDON (Reuters) - European shares inched towards two-year highs and German Bund futures dipped on Monday, as a political attempt to break a budget impasse in the United States revived appetite for shares and dented appetite for safe-haven assets.


U.S. House Republican leaders said on Friday they would seek to pass a three-month extension of federal borrowing authority in the coming days to buy time for the Democrat-controlled Senate to pass a plan to shrink budget deficits.


European shares <.fteu3> were supported by the news <.eu>, but with no clear response from the Democrats and a thin session expected due to a market holiday in the United States, the impact on other assets such as Bunds is likely to be limited.


London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> opened between 0.4 and 0.5 percent higher, lifting the pan-European FTSEurofirst 300 0.3 percent and MSCI's world index 0.1 percent. <.l><.eu/>


"There's a bit of encouragement coming out of the U.S.," said Toby Campbell-Gray, head of trading at Tavira Securities in Monaco.


He added that equity markets had remained resilient in the face of an uncertain economic outlook as many investors had stepped in to buy "on the dip" on days when shares had fallen.


Ahead of the region's first finance ministers' meeting of the year the euro was steady against the dollar, while the yen firmed after touching a new low, ahead of a Bank of Japan decision expected to deliver bold monetary easing.


The dollar slipped back to a low of 89.42 yen and was last trading at 89.57 yen, while the euro also fell to a low of 119.08 and last traded at 119.27 yen.


With little in the way of economic data or debt issuance and U.S. markets shut for the Martin Luther King Jr. public holiday, it was expected to be a fairly quite market day.


Oil prices took their cues from a report in the United States at the end of last week that showed consumer sentiment at its weakest in a year as a result of the uncertainty surrounding the country's debt crisis.


Concerns about demand overshadowed supply disruption fears reinforced by the Islamist militant attack and hostage-taking at a gas plant in Algeria, a member of the Organization of Petroleum Exporting Countries.


U.S. crude futures fell 0.5 percent to $95.08 a barrel, while Brent fell 0.3 percent to $111.55 early on Monday but had recovered to almost flat as European trading gathered pace.


(Additional reporting by Sudip Kar-Gupta; Editing by Will Waterman)



Read More..

Harbaugh brothers take 49ers, Ravens to Super Bowl


This Super Bowl will be filled with firsts — and one significant last.


The Harbaughs, San Francisco's Jim and Baltimore's John, will be the first pair of brothers to coach against each other in the NFL title game.


Quarterbacks Colin Kaepernick of the 49ers and Joe Flacco of the Ravens each will be playing in his first Super Bowl — where success is the ultimate measure of elite QBs.


It'll be Baltimore's first crack at a championship in a dozen years, San Francisco's first in 18. They are a combined 6-0 in Super Bowls (the 49ers own five of those victories), so one club will lose the big game for the first time.


And middle linebacker Ray Lewis, Baltimore's emotional leader and top tackler, will be playing in the final game of his 17-year career before heading into retirement.


"This is our time," Lewis pronounced.


For all of those story lines, none is expected to command as much attention as Harbaugh vs. Harbaugh. The game in New Orleans on Feb. 3 was quickly given all manner of nicknames: The Brother Bowl. The Harbaugh Bowl. The Har-Bowl. The Super-Baugh.


The Harbaughs' sister, Joani Crean, wrote in a text to The Associated Press: "Overwhelmed with pride for John, Jim and their families! They deserve all that has come their way! Team Harbaugh!"


As John prepared to coach the Ravens in the AFC championship game Sunday night, he watched on the stadium's big video screen as Jim's 49ers wrapped up the NFC championship.


John looked into a nearby TV camera, smiled broadly and said: "Hey, Jim, congratulations. You did it. You're a great coach. Love you."


Less than four hours later, the Ravens won, too. Some siblings try to beat each other in backyard games. These guys will do it in the biggest game of all.


Who's a parent to cheer for?


During the 2011 regular season, the Harbaughs became the only brothers to coach against each other in any NFL game (the Ravens beat the 49ers 16-6 on Thanksgiving Day that year).


The NFC West champion 49ers (13-4-1) opened as 5-point favorites, seeking a record-tying sixth Super Bowl title to add to those won by Hall of Fame quarterbacks Joe Montana and Steve Young.


Lewis was the MVP when the AFC North champion Ravens (13-6) beat the New York Giants in 2001.


With Kaepernick's terrific passing — he was 16 of 21 for 233 yards and a touchdown in only his ninth career NFL start — and two TD runs by Frank Gore, San Francisco erased a 17-point deficit to beat the Atlanta Falcons 28-24 Sunday.


Baltimore then fashioned a comeback of its own, scoring the last 21 points to defeat the New England Patriots 28-13, thanks in large part to Flacco's three second-half touchdown tosses, two to Anquan Boldin. Lewis and the rest of Baltimore's defense limited the high-scoring Patriots to one touchdown.


In the often risk-averse NFL, each Harbaugh made a critical change late in the regular season in a bid to boost his team's postseason chances. Clearly, both moves worked.


After 49ers quarterback Alex Smith, the starter in last season's overtime NFC title game loss to the Giants, got a concussion, Jim switched to Kaepernick for Week 11 — and never switched back. Now San Francisco has its first three-game winning streak of the season, at precisely the right time.


Baltimore, meanwhile, was in the midst of a three-game losing streak when John fired offensive coordinator Cam Cameron and promoted quarterbacks coach Jim Caldwell to replace him.


The 50-year-old John is 15 months older than Jim and generally the less demonstrative of the pair, although John certainly did not lack intensity while making his case with officials a couple of times Sunday.


The ever-excitable Jim — who was treated for an irregular heartbeat in November — was up to his usual sideline antics in Atlanta.


He spun around and sent his headset flying when the original call stood after he threw his red challenge flag on a catch by the Falcons. He hopped and yelled at his defense to get off the field after their key fourth-down stop with less than 1½ minutes left. He made an emphatic-as-can-be timeout signal with 13 seconds remaining.


Expect CBS to fill plenty of time during its Super Bowl broadcast with shots of Jim, that trademark red pen dangling in front of his chest, and John, who usually wears a black Ravens hat. That is sure to be a focal point, right up until they meet for a postgame handshake in two weeks' time.


___


AP Sports Writer Janie McCauley in San Francisco contributed to this report.


___


Follow Howard Fendrich on Twitter at http://twitter.com/HowardFendrich


___


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


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Snow woe: Winter weather causes delays, cancellations at Heathrow, other European airports






LONDON – Scores of fights have been cancelled as snow and ice blanket much of Britain.


London’s Heathrow airport says it has cancelled about 130 flights, 10 per cent of the daily total, compared to 20 per cent on Sunday.






Flights have been disrupted since Friday at Heathrow, Europe’s busiest airport, which has seen long lines and stranded passengers camping out on its terminal floors.


Heathrow says it has spent millions improving its winter resilience since the airport was virtually shut down by snow for several days in December 2010. But it says low visibility means it must leave bigger gaps between planes, triggering delays and cancellations.


Train services are also disrupted, and hundreds of schools across Britain are closed.


There are also delays and cancellations Monday at airports in Paris, Amsterdam and Frankfurt.


Weather News Headlines – Yahoo! News




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Why Hollande must 'reset presidency'




John Gaffney says Francois Hollande, seen here at the Elysee Palace on January 11, 2013, needs to rethink his presidency.




STORY HIGHLIGHTS


  • French President Francois Hollande and the country's Socialists are in a strong position

  • Despite this, Hollande has made little progress since his election, says John Gaffney

  • Gaffney: Hollande "like a stunned bunny in the headlights" of economic reality

  • President must act now, and act decisively, to make France admired again, says Gaffney




Editor's note: John Gaffney is professor of politics and co-director of the Aston Centre for Europe, at the UK's Aston University.


(CNN) -- France is the fifth richest country in the world. It is the world's sixth largest exporter. It has the second largest diplomatic network in the world, after the US. It is a member of the UN Security Council. It is the most visited country in the world, welcoming 82 million visitors last year. It is a major nuclear power. It is the true founder of the European Union. And it is in a terrible mess.


Socialist Francois Hollande was elected president almost a year ago, ousting the deeply unpopular "Mr Bling," President Nicolas Sarkozy.



John Gaffney is professor of politics at Aston University in the UK.

John Gaffney is professor of politics at Aston University in the UK.



France's Socialist left have never been so strong politically: They control the presidency, the government, both houses of parliament, the regions, and all the big towns and cities. And in his first eight months in office, Hollande has done virtually nothing. He is like a stunned bunny in the headlights of an oncoming vehicle called "Harsh Economic Reality."


Hollande has three fundamental problems. The first is that he doesn't have a plan. Tens of thousands of people are losing their jobs each week, and it is going to get worse and worse.


France faces a huge public spending crisis - in health, pensions, and now welfare, and a government debt of 90% of GDP. Not one single adequate measure has been put forward, nor even proposed in his eight months in office.








The second problem is that he lacks the political will to break the log-jams in French society: Making industry more competitive, reducing government spending. He cannot do these things because one of the constituencies he needs to take on -- the huge public sector -- is made up of the people who voted him into power.


He could take on the equally irresponsible banks -- they didn't vote for him -- but he risks sending the economy into a tailspin if he does.


And not only does he need to address the structural issues in France's economy and society, but he made the mistake of telling everyone he could solve the country's problems painlessly, or by taxing the super-rich, and he is not managing to do that either, so he is just taxing everyone else.


Now he faces the worst situation possible because no one believes a word he says. He delivered a robust New Year's message last week, watched by millions; yet 75% don't believe he can deliver on its promise.


In fact, the New Year's Eve wishes everyone in France did believe were the Churchillian tones of German Chancellor Angela Merkel. Her message was essentially the opposite of Hollande's bizarre optimism, which seems to involve little more than following the "Keep Calm and Carry On" mantra. But waiting for the upturn will find France unprepared and in a worse predicament than Spain or Italy, who are now busily restructuring their economies.


The third and fundamental problem Hollande has is that he does not understand the nature of the office he holds, the French Presidency of the Republic. If he did, he might find a way forward. In his New Year message he likened himself to a ship's captain. But he has to be one, not just say he is one. The office of French President is a highly complex mixture of the political and the symbolic. But it is fundamentally about leadership; that is leading not following, and taking the French with him.








Hollande urgently needs to reset his Presidency - and there are a few clear rules to do so:


He needs to take on the banks where necessary, take on the benefits system, the impediments to innovation and to setting up new businesses, take on the appalling situation of France's forgotten inner city misery; his need not be a hard-nosed liberal agenda.


No government in French history is in a better position to make France a more equal society while making it and its economy more efficient. He should focus on young people trying to set up their own business. Focus on small businesses generally. Drag France away from its drive to over regulate everything and throttle innovation. Tax the super-rich if necessary, as long as it contributes to the overall solution he is aiming for.


He also needs to get into step with Merkel and lead Europe with Germany, not pretend he is the spokesperson for the irresponsible spenders.


But above all, he should use the presidency in a more imaginative way: Begin an ongoing and exciting conversation with the French. No other office in the world, not even the presidency of the US, offers such scope for an intimacy between leader and population.


He should boldly use the referendum to build up and direct the conversation towards change and innovation. If the vested interests won't move, bring in the people. Use the referendum like de Gaulle did between 1958 and 1962, as a major political weapon to break the deadlocks in French political society.


In Europe and the wider world he has to make France admired again, as it once was. Inside France, he has to forget about not upsetting anyone. In fact, he should have a plan that upsets just about everybody. The French would love him for it.


So far it remains to be seen what impact his first major foreign policy challenge -- in Mali -- will have. As French forces, with the backing of the international community, go into the West African country to take on Islamist rebels, the coming weeks will tell us whether fate just gave to him the best or the worst opportunity to show the French, and the rest of the world, what he is made of.


The opinions expressed in this commentary are solely those of John Gaffney.






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Obama sworn in for second term in White House ceremony

Singers, musicians, vendors and a veteran parade planner tune up on Sunday, Jan. 20, 2013, for President Obama's Monday inauguration. (Chris Walker, Chicago Tribune)









WASHINGTON -- Four years after making history by becoming the first African-American president, Barack Obama will kick off his second term on Monday with a scaled-back inauguration that reflects the tempered expectations for his next four years in office.

Lingering high unemployment, bitter political battles and a divisive re-election campaign have punctured the mood of optimism and hope that infused Obama's 2009 inauguration after a sweeping election win.






This time, Obama's inauguration will feature smaller crowds and a reduced slate of inaugural balls and parties to match the more subdued tenor of the times.

When Obama raises his right hand to be sworn in by Chief Justice John Roberts outside the U.S. Capitol at 11.55 a.m. EST (1655 GMT), it will be his second time taking the oath in 24 hours.

He had a formal private swearing-in on Sunday at the White House because of a constitutional requirement that the president be sworn in on January 20.

Rather than stage the full inauguration on a Sunday, the main public events were put off until Monday.

Obama will take the oath again and deliver his inaugural address from the Capitol's west front overlooking the National Mall, where a crowd of up to 700,000 is expected to watch. That is down significantly from the record 1.8 million people who jammed Washington in 2009 for Obama's first inauguration.

The focal point will be Obama's inauguration address, which he will use to lay out in broad terms his vision for the next four years but will stay away from policy specifics.

David Plouffe, a senior adviser, said Obama would call on both parties to come together to resolve daunting second-term challenges like the budget, the need to raise the nation's borrowing limit and the Democrat's push for tighter gun laws and a legal path to citizenship for illegal immigrants.

The president views the inauguration speech and the State of the Union speech to Congress on February 12 as "a package," Plouffe said, and would save details of his second-term agenda for the later speech.

'LAY OUT HIS VISION'

"In the inaugural address he is really going to lay out his vision for his second term and where he thinks the country needs to go in the years ahead, the values undergirding that, and then obviously a detailed agenda and blueprint in the State of the Union," Plouffe said on CNN on Sunday.

After a bitter election fight against Republican Mitt Romney, the daunting challenges facing Obama and his political battles with congressional Republicans have split public opinion about the prospects for the next four years.

An NBC/Wall Street Journal poll last week found 43 percent of Americans were optimistic about the next four years and 35 percent pessimistic, with 22 percent having a mixed opinion.

Obama's main political opponent in Congress, Republican House of Representatives Speaker John Boehner, plans to attend a White House tea before the ceremony, as well as the inaugural speech and a post-event lunch at the Capitol with the president and lawmakers.

Public safety officials and workers closed Washington streets around the ceremony site on Sunday night in preparation for the inauguration, with security barriers going up and thousands of police and National Guard troops being deployed around the city.

The inauguration ceremony will include music - singers James Taylor and Kelly Clarkson will perform patriotic songs and Beyonce will sing the national anthem - and also feature Vice President Joe Biden taking the oath of office again after doing so already on Sunday.

Obama and his wife, Michelle, will join Biden and his wife, Jill, at the capital luncheon before the two couples take part in the inaugural parade down Pennsylvania Avenue from the Capitol to the White House.

Obama could get out of his limousine and walk part of the way to interact with the crowd.

After watching the rest of the parade from a viewing stand in front of the White House, the Obamas will change and head to the two inaugural balls - an official ball and one for military personnel and their spouses.

That is a dramatic reduction in activities from 2009, when there were 10 official inaugural balls.

With the public ceremony falling on the national holiday honoring slain civil rights leader Martin Luther King Jr., Obama will be able to draw some historic parallels. While taking the oath, he will place his left hand on two Bibles - one once owned by Abraham Lincoln and the other by King.

(Editing by Alistair Bell and Christopher Wilson)

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Algeria finds dead Canadian militants as siege toll rises


ALGIERS (Reuters) - Algerian special forces have found the bodies of two Canadian Islamist fighters after a bloody siege at a desert gas plant, a security source said on Monday, as the death toll reached at least 80 after troops stormed the complex to end the hostage crisis.


Algerian Prime Minister Abdelmalek Sellal is expected to give details later in the day about the siege near the town of In Amenas, which left American, British, French, Japanese, Norwegian, Filipino and Romanian workers dead or missing.


The Algerian security source told Reuters that documents found on the bodies of the two militants had identified them as Canadians, as forces scoured the plant following Saturday's bloody end to the crisis.


Veteran Islamist fighter Mokhtar Belmokhtar claimed responsibility for the attack on behalf of al Qaeda, and an official Algerian source has said the militants included people from outside the African continent, as well as Arabs and Africans.


A security source said on Sunday that Algerian troops had found the bodies of 25 hostages, raising the number of hostages killed to 48 and the total number of deaths to at least 80. He said six militants were captured alive and troops were still searching for others.


A Japanese government source said the Algerian government had informed Tokyo that nine Japanese had been killed, the biggest toll so far among foreigners at the plant. Six Filipinos died and four were wounded, a government spokesman in Manila said.


The raid has exposed the vulnerability of multinational-run oil and gas installations in an important producing region and pushed the growing threat from Islamist militant groups in the Sahara to a prominent position in the West's security agenda.


ONE-EYED JIHADIST


Belmokhtar - a one-eyed jihadist who fought in Afghanistan and Algeria's civil war of the 1990s when the secular government fought Islamists - tied the desert attack to France's intervention across the Sahara against Islamist rebels in Mali.


"We in al Qaeda announce this blessed operation," he said in a video, according to Sahara Media, a regional website. About 40 attackers participated in the raid, he said, roughly matching the government's figures for fighters killed and captured.


Belmokhtar demanded an end to French air strikes against Islamist fighters in neighboring Mali. These began five days before the fighters swooped out of the desert before dawn on Wednesday and seized a plant that produces 10 percent of Algeria's natural gas exports.


However, U.S. and European officials doubt such a complex raid could have been organized quickly enough to have been conceived as a direct response to the French military intervention.


The group behind the raid, the Mulathameen Brigade, also threatened to carry out more such attacks if Western powers did not end what it called an assault on Muslims in Mali, according to the SITE service, which monitors militant statements.


In a statement published by the Mauritania-based Nouakchott News Agency, the hostage takers said they had offered talks about freeing the captives, but the Algerian authorities had been determined to use military force.


"We opened the door for negotiations with the Westerners and the Algerians, and granted them safety from the beginning of the operation, but one of the senior (Algerian) intelligence officials confirmed to us in a phone call that they will destroy the place with everyone in it," SITE quoted the statement as saying.


BLOODY SIEGE


The siege turned bloody on Thursday when the Algerian army opened fire, saying fighters were trying to escape with their prisoners. Survivors said Algerian forces blasted several trucks in a convoy carrying both hostages and their captors.


Nearly 700 Algerian workers and more than 100 foreigners escaped, mainly on Thursday when the fighters were driven from the residential barracks. Some captors remained holed up in the industrial complex until Saturday when they were overrun.


The bloodshed has strained Algeria's relations with its Western allies, some of which have complained about being left in the dark while the decision to storm the compound was being taken.


Nevertheless, Britain and France both defended the military action by Algeria, the strongest military power in the Sahara and an ally the West needs in combating the militants.


Among other foreigners confirmed dead by their home countries were three Britons, one American and two Romanians. The missing include five Norwegians, three Britons and a British resident. An Algerian security source said at least one Frenchman was also among the dead.


The raid on the plant, which was home to expatriate workers from Britain's BP, Norway's Statoil, Japanese engineering firm JGC Corp and others, exposed the vulnerability of multinational oil operations in the Sahara.


However, Algeria is determined to press on with its energy industry. Oil Minister Youcef Yousfi visited the site and said physical damage was minor, state news service APS reported. The plant would start up again in two days, he said.


Algeria, scarred by the civil war with Islamist insurgents in the 1990s which claimed 200,000 lives, insisted from the start of the crisis there would be no negotiation in the face of terrorism. France especially needs close cooperation from Algeria to crush Islamist rebels in northern Mali.


(Additional reporting by Anton Slodkowski in Tokyo, Balazs Koranyi in Oslo, William Maclean in Dubai, Estelle Shirbon and David Alexander in London, Brian Love in Paris and Daniel Flynn in Dakar; Writing by David Stamp; Editing by Giles Elgood)



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Wall Street Week Ahead: Earnings, money flows to push stocks higher

NEW YORK (Reuters) - With earnings momentum on the rise, the S&P 500 seems to have few hurdles ahead as it continues to power higher, its all-time high a not-so-distant goal.


The U.S. equity benchmark closed the week at a fresh five-year high on strong housing and labor market data and a string of earnings that beat lowered expectations.


Sector indexes in transportation <.djt>, banks <.bkx> and housing <.hgx> this week hit historic or multiyear highs as well.


Michael Yoshikami, chief executive at Destination Wealth Management in Walnut Creek, California, said the key earnings to watch for next week will come from cyclical companies. United Technologies reports on Wednesday while Honeywell is due to report Friday.


"Those kind of numbers will tell you the trajectory the economy is taking," Yoshikami said.


Major technology companies also report next week, but the bar for the sector has been lowered even further.


Chipmakers like Advanced Micro Devices , which is due Tuesday, are expected to underperform as PC sales shrink. AMD shares fell more than 10 percent Friday after disappointing results from its larger competitor, Intel . Still, a chipmaker sector index <.sox> posted its highest weekly close since last April.


Following a recent underperformance, an upside surprise from Apple on Wednesday could trigger a return to the stock from many investors who had abandoned ship.


Other major companies reporting next week include Google , IBM , Johnson & Johnson and DuPont on Tuesday, Microsoft and 3M on Thursday and Procter & Gamble on Friday.


CASH POURING IN, HOUSING DATA COULD HELP


Perhaps the strongest support for equities will come from the flow of cash from fixed income funds to stocks.


The recent piling into stock funds -- $11.3 billion in the past two weeks, the most since 2000 -- indicates a riskier approach to investing from retail investors looking for yield.


"From a yield perspective, a lot of stocks still yield a great deal of money and so it is very easy to see why money is pouring into the stock market," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco.


"You are just not going to see people put a lot of money to work in a 10-year Treasury that yields 1.8 percent."


Housing stocks <.hgx>, already at a 5-1/2 year high, could get a further bump next week as investors eye data expected to support the market's perception that housing is the sluggish U.S. economy's bright spot.


Home resales are expected to have risen 0.6 percent in December, data is expected to show on Tuesday. Pending home sales contracts, which lead actual sales by a month or two, hit a 2-1/2 year high in November.


The new home sales report on Friday is expected to show a 2.1 percent increase.


The federal debt ceiling negotiations, a nagging worry for investors, seemed to be stuck on the back burner after House Republicans signaled they might support a short-term extension.


Equity markets, which tumbled in 2011 after the last round of talks pushed the United States close to a default, seem not to care much this time around.


The CBOE volatility index <.vix>, a gauge of market anxiety, closed Friday at its lowest since April 2007.


"I think the market is getting somewhat desensitized from political drama given, this seems to be happening over and over," said Destination Wealth Management's Yoshikami.


"It's something to keep in mind, but I don't think it's what you want to base your investing decisions on."


(Reporting by Rodrigo Campos, additional reporting by Chuck Mikolajczak and Caroline Valetkevitch; Editing by Kenneth Barry)



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