Hutchinson expected to drop out, endorse Kelly in Jackson Jr. contest








State Sen. Toi Hutchinson is expected to drop out of the 2nd District special Democratic primary on Sunday and throw her support behind former state Rep. Robin Kelly in the contest to replace Jesse Jackson Jr. in Congress, multiple sources said late Saturday.

The move, expected to be announced in a morning news release, shakes up the Democratic field just nine days before the Feb. 26 primary election.

Hutchinson recently experienced a pair of setbacks during the short campaign. A super political action committee run by New York Mayor Michael Bloomberg started airing a TV attack ad backing Kelly and attacking Hutchinson and another candidate, former one-term U.S. Rep. Debbie Halvorson of Crete, for past support from the National Rifle Association. Gun control has loomed as a big issue in the contest.

In addition, Hutchinson had to deal with a recent news report detailing how she paid her mother as a campaign consultant. Hutchinson also was not listed as a participant in upcoming WTTW-Ch. 11 candidate forums.

Hutchinson's camp began contacting supporters tonight telling them of her intention to drop out of the contest, said two sources with knowledge of the decision. Word of Hutchinson's plan to endorse Kelly on Sunday via a news release also surfaced, according to a source familiar with the situation.

If Hutchinson exits the contest, there will be three major Democratic candidates left in a 15-candidate field: Kelly, Halvorson and 9th Ward Ald. Anthony Beale of Chicago.

Hutchinson got an early boost in the contest when Cook County Board President Toni Preckwinkle endorsed her instead of Kelly, who served as a top aide to Preckwinkle.


As of Feb. 6, Kelly trailed Hutchinson in cash available to spend. Kelly reported $88,820 available while Hutchinson had more than double at $199,901. Hutchinson’s campaign has engaged in a significant direct-mail campaign since that time. For the entire campaign, through Feb. 6, Hutchinson reported raising $281,106. Hutchinson has been endorsed by Preckwinkle, who gave her $1,000.


Overall, campaign disclosure reports showed Kelly has raised more than $303,725 since the start of the short campaign through Feb. 6. Campaign aides to Kelly said she has raised $417,727 for the campaign cycle through Wednesday.


Tribune reporter Bill Ruthhart contributed to this report.






Read More..

Pakistan faces growing anger over sectarian bombings


QUETTA, Pakistan (Reuters) - Pakistan's unpopular government, which is gearing up for elections expected within months, came under fire on Sunday for failing to improve security after a sectarian bombing in the city of Quetta killed 81 people.


The nuclear-armed country's leaders have done little to contain hardline Sunni Muslim groups which have stepped up a campaign of bombings and assassinations of minority Shi'ites.


On Saturday, Lashkar-e-Jhangvi (LeJ), seen as the most ruthless Sunni sectarian group, claimed responsibility for the attack in Quetta, which deepened suspicions among Shi'ites that Pakistan's intelligence agencies were turning a blind eye to the bloodshed or even supporting extremists.


"The terrorist attack on the Hazara Shi'ite community in Quetta is a failure of the intelligence and security forces," Nawab Zulfiqar Ali Magsi, governor of Baluchistan province, said while touring a hospital.


Leaders of the ethnic Shi'ite Hazara community called on the government to take decisive action, and Pakistanis warned that sectarian violence was spiraling out of control.


"The government is responsible for terrorist attacks and killings in the Hazara community because its security forces have not conducted operations against extremist groups," said Aziz Hazara, vice president of the Hazara Democratic Party.


"We are giving the government 48 hours to arrest the culprits involved in the killing of our people and after that we will launch strong protests."


The death toll from Saturday's bombing rose overnight, with most of the casualties in the main bazaar of the town, capital of Baluchistan, near the border with Afghanistan.


Most of the dead were Hazaras. A senior security official said the figure could rise as 20 people were critically wounded.


On Sunday, people searched for survivors under blocks of cement torn off buildings by the blast. A large blood stain could be seen on a wall near the site.


Many shops and bazaars were closed. Relatives of the wounded responded for an appeal for blood made by hospitals.


"The government knows exactly who is doing what and who is behind all this," said Mohammad Imran, a local trader. "If the government wants (to prevent it), no one can take even a kitchen knife into any market."


POVERTY, CORRUPTION, POWER CUTS


Critics say Pakistan's intelligence agencies previously supported groups like LeJ to fight against Indian forces in Kashmir and failed subsequently to control them.


Now Shi'ites in Quetta and other cities say they are under siege. "We have grown tired of picking up the bodies of our loved ones," said Nasir Ali, 45, a government employee. "I have lost three family members so far in such blasts."


LeJ has also said it was behind a bombing last month in Quetta which killed nearly 100 people, one of Pakistan's worst sectarian attacks.


After that incident, Shi'ite leaders called on Pakistan's military to take over security in Quetta and take on the LeJ.


Growing sectarian violence is piling pressure on the U.S.-backed administration, which already faces a Taliban insurgency, to deliver stability.


"This is a case of barbarity and heartlessness. This is happening because we are divided and not supporting each other," said Malik Afzal, a Sunni student.


"Unless we decide to unite, we will continue to get killed. Today they (Shi'ites) have died. Tomorrow we (Sunni Muslims) will die. The next day, others will get killed."


Pakistani intelligence officials say extremist groups, led by LeJ, want to destabilise the nation through sectarian violence and pave the way for a Sunni theocracy.


More than 400 Shi'ites were killed in Pakistan last year, many by hitmen or bombs. Some hardline Shi'ite groups have struck back by killing Sunni clerics.


"If the government cannot give protection to our community then allow us to protect our own," said Ghulam Abbas, 32, a political worker for the Hazara Democratic Party.


The schism between Sunnis and Shi'ites developed after the Prophet Muhammad died in 632 when his followers could not agree on a successor.


(Reporting by Gul Yousufzai; Editing by Ron Popeski)



Read More..

G20 defuses talk of "currency war", no accord on debt


MOSCOW (Reuters) - The Group of 20 nations declared on Saturday there would be no 'currency war' and deferred plans to set new debt-cutting targets in an indication of concern about the fragile state of the world economy.


Japan's expansive policies, which have driven down the yen, escaped criticism in a statement thrashed out in Moscow by financial policymakers from the G20, which groups developed and emerging markets and accounts for 90 percent of the world economy.


After late night talks, finance ministers and central bankers agreed on wording closer than expected to a joint statement issued last Tuesday by the Group of Seven rich nations backing market-determined exchange rates.


A draft communique seen by delegates on Friday had steered clear of the G7's call for fiscal and monetary policy not to be targeted at exchange rates but the later version included a G20 commitment to refrain from competitive devaluations and stated monetary policy would be directed at price stability and growth.


"The language has been strengthened since our discussions last night," Canadian Finance Minister Jim Flaherty told reporters. "It's stronger than it was, but it was quite clear last night that everyone around the table wants to avoid any sort of currency disputes."


The communique, seen by Reuters ahead of publication, did not single out Japan for aggressive monetary and fiscal policies that have seen the yen drop 20 percent.


The statement reflected a substantial, but not complete, endorsement of Tuesday's statement by the G7 nations - the United States, Japan, Britain, Canada, France, Germany and Italy.


"We all agreed on the fact that we refuse to enter any currency war," French Finance Minister Pierre Moscovici told reporters.


NO FISCAL TARGETS


The text also contained a commitment to credible medium-term fiscal strategy, but stopped short of setting specific goals.


A debt-cutting pact struck in Toronto in 2010 will expire this year if leaders fail to agree to extend it at a G20 summit of leaders in St Petersburg in September.


"Advanced economies will develop credible medium-term fiscal strategies ... by the St. Petersburg summit," the communique said.


The United States says is on track to meet its Toronto pledge but argues that the pace of future fiscal consolidation must not snuff out demand. Germany and others are pressing for another round of binding debt-cutting goals.


Backing in the communique for the use of domestic monetary policy to support economic recovery reflected the U.S. Federal Reserve's commitment to monetary stimulus through quantitative easing, or QE, to promote recovery and jobs.


QE entails large-scale bond buying -- $85 billion a month in the Fed's case -- that helps economic growth but creates money, much of which has leaked into emerging markets, threatening to destabilize them.


That was offset in the communique by a commitment to minimize "negative spillovers" of the resulting financial flows that emerging markets fear may pump up asset bubbles and ruin their export competitiveness.


"Major developed nations (should) pay attention to their monetary policy spillover," Vice Finance Minister Zhu Guangyao was quoted by state news agency Xinhua as saying in Moscow.


"Major developed countries' implementation of excessively relaxed currency policy has an influence on the world economy."


Russia, this year's chair of the G20, said the group had failed to reach agreement on medium-term budget deficit levels and also expressed concern about ultra-loose policies that it and other big emerging economies say could store up trouble for later.


Finance Minister Anton Siluanov said a rebalancing of global growth required more than an adjustment of exchange rates.


"Structural reforms in all countries, either with a positive or negative balance of payments, should play a bigger role," he said in an address to Saturday's talks, also highlighting the risk of spillover effects from unconventional monetary policy.


The G20 put together a huge financial backstop to halt a market meltdown in 2009 but has failed to reach those heights since. At successive meetings, Germany has pressed the United States and others to do more to tackle their debts. Washington in turn has urged Berlin to do more to increase demand.


On currencies, the G20 text reiterated its commitment last November, to move towards "exchange rate flexibility to reflect underlying fundamentals and avoid persistent exchange rate misalignments".


"The G7 made a very clear statement this week. I think you'll see the G20 echo what was said, and say that currencies should not be used as a tool of competitive devaluation," Britain's finance minister, George Osborne, said in Moscow.


"Countries shouldn't make the mistake of the past of using currencies as a tool of economic warfare."


(Additional reporting by Randall Palmer, Lesley Wroughton, Tetsushi Kajimoto, Jan Strupczewski, Lidia Kelly, Katya Golubkova, Jason Bush and Michael Martina. Writing by Douglas Busvine. Editing by Timothy Heritage/Mike Peacock)



Read More..

Wrestling president quits after Olympic omission


PHUKET, Thailand (AP) — The president of the international wrestling federation has quit in the wake of the IOC's decision to remove the sport from the 2020 Olympics.


Raphael Martinetti's resignation was announced Saturday at the FILA executive committee meeting in Phuket. The Swiss had been in the position since 2002.


On Tuesday, the executive board of the International Olympic Committee dumped wrestling from its guaranteed berth in future Summer games, forcing the sport to compete for a spot on the program.


U.S.A. Wrestling executive director Rich Bender said Martinetti's departure "provides international wrestling with an opportunity to change and improve," giving the sport a chance "to create a fresh new relationship" with the IOC.


Wrestling will still be on the program at the 2016 Olympics in Rio de Janeiro.


Read More..

Meteor shows need to keep eye on sky








By Colin Stuart, special for CNN


February 15, 2013 -- Updated 1512 GMT (2312 HKT)


















Meteor explodes over Russia


Meteor explodes over Russia


Meteor explodes over Russia


Meteor explodes over Russia


Meteor explodes over Russia


Meteor explodes over Russia


Meteor explodes over Russia


Meteor explodes over Russia








STORY HIGHLIGHTS


  • Meteor explosion above Russia left hundreds of people injured

  • Meteor came on day asteroid expected to pass 27,000 kilometers from Earth

  • Earth is sprinkled with around 170 craters also caused by debris falling from space

  • Stuart says unexpected meteor shows importance of monitoring space for potential threats




Editor's note: Colin Stuart is an astronomy and science writer, who also works as a Freelance Astronomer for the Royal Observatory Greenwich in London. His first book is due to be published by Carlton Books in September 2013. Follow @skyponderer on Twitter.


London (CNN) -- Reports coming from Russia suggest that hundreds of people have been injured by a meteor falling from space. The force of the fireball, which seems to have crashed into a lake near the town of Chebarkul in the Ural Mountains, roared through the sky early on Friday morning local time, blowing out windows and damaging buildings. This comes on the same day that astronomers and news reporters alike were turning their attention to a 40 meter asteroid -- known as 2012 DA14 -- which is due for a close approach with Earth on Friday evening. The asteroid will skirt around our planet, however, missing by some 27,000 kilometers (16,777 miles). Based on early reports, there is no reason to believe the two events are connected.


Read more: Russian meteor injures hundreds



Colin Stuart

Colin Stuart



And yet it just goes to show how much space debris exists up there above our heads. It is easy to think of a serene solar system, with the eight planets quietly orbiting around the Sun and only a few moons for company. The reality is that we also share our cosmic neighborhood with millions of other, much smaller bodies: asteroids. Made of rock and metal, they range in size from a few meters across, up to the largest -- Ceres -- which is 1000 kilometers wide. They are left over rubble from the chaotic birth of our solar system around 5000 million years ago and, for the most part, are found in a "belt" between the orbits of Mars and Jupiter. But some are known to move away from this region, either due to collisions with other asteroids or the gravitational pull of a planet. And that can bring them into close proximity to the Earth.


Read more: Saving Earth from asteroids










Once a piece of space-rock enters our atmosphere, it becomes known as a meteor. Traveling through the sky at a few kilometers per second, friction with the air can cause the meteor to break up into several pieces. Eyewitnesses have described seeing a burst of light and hearing loud, thunderous noises. This, too, is due to the object tearing through the gases above our heads. If any of the fragments make it to the ground, only then are they called meteorites.


Such events are rare, but not unprecedented. An object entered Earth's atmosphere in 1908 before breaking up over Siberia. The force of the explosion laid waste to a dense area of forest covering more than 2000 square kilometers. It is not hard to imagine the devastation of such an event over a more highly populated region. The Earth is sprinkled with around 170 craters also caused by debris falling from space. The largest is found near the town of Vredefort in South Africa. The impact of a much larger asteroid -- perhaps as big as 15 kilometers across -- is famously thought to have finished off the dinosaurs 65 million years ago.


Opinion: Don't count 'doomsday asteroid' out yet


It is easy to see why, then, that astronomers are keen to discover the position and trajectory of as many asteroids as possible. That way they can work out where they are heading and when, if at all, they might pose a threat to us on Earth. It is precisely this sort of work that led to the discovery of asteroid 2012 DA14 last February by a team of Spanish astronomers. However, today's meteor strike shows that it is not currently possible to pick up everything.


A non-profit foundation, led by former NASA astronaut Ed Lu, wants to send a dedicated asteroid-hunting telescope into space that can scan the solar system for any potential threats. For now, astronomers will use Friday's fly-by to bounce radar beams off 2012 DA14's surface, hoping to learn more about its motion and structure. One day this information could be used to help move an asteroid out of an Earth-impacting orbit. This latest meteor over Russia just goes to show how important such work is and how crucial it is that we keep our eye on the sky.


Read more: NASA estimates 4,700 'potentially hazardous' asteroids


The opinions expressed in this commentary are solely those of Colin Stuart.











Part of complete coverage on







February 15, 2013 -- Updated 1421 GMT (2221 HKT)



He smashed barriers to compete in Olympics. Now police are investigating the fatal shooting of a woman at his home.







February 15, 2013 -- Updated 1756 GMT (0156 HKT)



A meteor explodes above Russia's Urals region on Friday, February 15, shattering glass in buildings and leaving hundreds of people hurt.







February 15, 2013 -- Updated 0200 GMT (1000 HKT)



CNN's Jim Clancy and Sara Sidner discuss the mysterious case of an Israeli inmate and the gag order surrounding his death.







February 15, 2013 -- Updated 0046 GMT (0846 HKT)



The number of Tibetans in China who have set themselves on fire to protest Beijing's rule has reached 100, according to Tibetan groups.







February 14, 2013 -- Updated 1517 GMT (2317 HKT)



Choosing to step down from a top job can be an extraordinary decision, whether the person is a pontiff or a politician. And it's not easy.








CNN Freedom Project: Bras command the highest price per kilogram in the used clothing market -- and provide a lifeline to rescued slaves.







February 14, 2013 -- Updated 1513 GMT (2313 HKT)



For the Rome-based press corps that follow the pope, covering the closed world of the Holy See is like attending to a nuclear missile silo.







February 13, 2013 -- Updated 2259 GMT (0659 HKT)



Becky Anderson talks to Eve Ensler about how her global campaign One Billion Rising can help end violence against women -- through dance.







February 9, 2013 -- Updated 1846 GMT (0246 HKT)



Dalal al-Ziben never thought about having another baby -- her husband has been in a prison for years. But then he had his sperm smuggled out.


















Read More..

1 dead, 3 wounded in 90 minutes Friday night









Chicago police were flagged down by a man on the street as they responded to the sound of gunfire Friday night and found a woman lying on the ground, bleeding from gunshot wounds to her upper body.


She and three others were wounded between about 5:55 p.m. and 7:20 p.m. on the South and West sides, according to Chicago police, among a total of six people shot Friday afternoon and Saturday morning. 

The woman, whose age wasn't available, was shot in the 1100 block of North Pulaski Road, just a bit south of Division Street in the West Humboldt Park neighborhood about 7:05 p.m. Officers in the area heard the gunfire and headed toward it - that's when they were flagged down. 


The woman was talking when taken away in an ambulance but suffered a wound to her back and a second below her armpit and was pronounced dead at Mount Sinai Hospital. She may have been stepped on as people fled the scene, police said. 





  • Related

























  • Search crime data for your Chicago community





    Search crime data for your Chicago community














  • Maps
























  • 7800 South Morgan Street, Chicago, IL 60620, USA














  • 7800 South Merrill Avenue, Chicago, IL 60649, USA














  • 6700 South Bell Avenue, Chicago, IL 60636, USA














  • 1100 North Pulaski Road, Chicago, IL 60651, USA














  • 1100 South Saint Louis Avenue, Chicago, IL 60624, USA












Four others survived shootings Friday night and Saturday morning. 


Before 3 a.m. a 27-year-old man was shot in the arm at a party in the 1100 block of South St. Louis Avenue in the Homan Square neighborhood. 


About 7:20 p.m., two men were shot in the 7800 block of South Merrill Avenue in the South Shore neighborhood. One was shot in the knee and the other in the ankle. The pair, 19 and 20, were at a party when someone crept up a gangway and opened fire, police said.


The older was shot in the knee and the younger in the ankle, police said.  Both were taken to John H. Stroger Jr. Hospital of Cook County. 


About 5:55 p.m., a man sitting in his car near his home was shot in the leg by one of three guys who approached him on foot, police said. The 29-year-old was taken to Advocate Christ Medical Center, where his condition had stabilized.

Earlier Friday, a 17-year-old was shot in the hand in the 7800 block of South Morgan Street in the Gresham neighborhood.

Check back for more information.

pnickeas@tribune.com
Twitter: @peternickeas

lford@tribune.com
Twitter: @ltaford





Read More..

Exclusive: North Korea tells China of preparations for fresh nuclear test - source


BEIJING (Reuters) - North Korea has told its key ally, China, that it is prepared to stage one or even two more nuclear tests this year in an effort to force the United States into diplomatic talks, said a source with direct knowledge of the message.


Further tests could also be accompanied this year by another rocket launch, said the source, who has direct access to the top levels of government in both Beijing and Pyongyang.


North Korea conducted its third nuclear test on Tuesday, drawing global condemnation and a stern warning from the United States that it was a threat and a provocation.


"It's all ready. A fourth and fifth nuclear test and a rocket launch could be conducted soon, possibly this year," the source said, adding that the fourth nuclear test would be much larger than the third, at an equivalent of 10 kilotons of TNT.


The tests will be undertaken, the source said, unless Washington holds talks with North Korea and abandons its policy of what Pyongyang sees as attempts at regime change.


North Korea also reiterated its long-standing desire for the United States to sign a final peace agreement with it and establish diplomatic relations, he said. North Korea remains technically at war with both the United States and South Korea after the Korean war ended in 1953 with a truce.


In Washington, U.S. State Department spokeswoman Victoria Nuland urged North Korea to "refrain from additional provocative actions that would violate its international obligations" under three different sets of U.N. Security Council resolutions that prohibit nuclear and missile tests.


North Korea "is not going to achieve anything in terms of the health, welfare, safety, future of its own people by these kinds of continued provocative actions. It's just going to lead to more isolation," Nuland told reporters.


The Pentagon also weighed in, calling North Korea's missile and nuclear programs "a threat to U.S. national security and to international peace and security."


"The United States remains vigilant in the face of North Korean provocations and steadfast in our defense commitments to allies in the region," said Pentagon spokeswoman Major Catherine Wilkinson.


Initial estimates of this week's test from South Korea's military put its yield at the equivalent of 6-7 kilotons, although a final assessment of yield and what material was used in the explosion may be weeks away.


North Korea's latest test, its third since 2006, prompted warnings from Washington and others that more sanctions would be imposed on the isolated state. The U.N. Security Council has only just tightened sanctions on Pyongyang after it launched a long-range rocket in December.


Pyongyang is banned under U.N. sanctions from developing missile or nuclear technology after its 2006 and 2009 nuclear tests.


North Korea worked to ready its nuclear test site, about 100 km (60 miles) from its border with China, throughout last year, according to commercially available satellite imagery. The images show that it may have already prepared for at least one more test, beyond Tuesday's subterranean explosion.


"Based on satellite imagery that showed there were the same activities in two tunnels, they have one tunnel left after the latest test," said Kune Y. Suh, a nuclear engineering professor at Seoul National University in South Korea.


Analysis of satellite imagery released on Friday by specialist North Korea website 38North showed activity at a rocket site that appeared to indicate it was being prepared for a launch (http://38north.org/2013/02/tonghae021413/).


NORTH 'NOT AFRAID' OF SANCTIONS


President Barack Obama pledged after this week's nuclear test "to lead the world in taking firm action in response to these threats" and diplomats at the U.N. Security Council have already started discussing potential new sanctions.


North Korea has said the test was a reaction to "U.S. hostility" following its December rocket launch. Critics say the rocket launch was aimed at developing technology for an intercontinental ballistic missile.


"(North) Korea is not afraid of (further) sanctions," the source said. "It is confident agricultural and economic reforms will boost grain harvests this year, reducing its food reliance on China."


North Korea's isolated and small economy has few links with the outside world apart from China, its major trading partner and sole influential diplomatic ally.


China signed up for international sanctions against North Korea after the 2006 and 2009 nuclear tests and for a U.N. Security Council resolution passed in January to condemn the latest rocket launch. However, Beijing has stopped short of abandoning all support for Pyongyang.


Sanctions have so far not discouraged North Korea from pursuing its nuclear ambitions.


"It is like watching the same movie over and over again," said Lee Woo-young, a professor at Seoul's University of North Korean Studies. "The idea that stronger sanctions make North Korea stop developing nuclear programs isn't effective in my view."


The source with ties to Beijing and Pyongyang said China would again support U.N. sanctions. He declined to comment on what level of sanctions Beijing would be willing to endorse.


"When China supported U.N. sanctions ... (North) Korea angrily called China a puppet of the United States," he said. "There will be new sanctions which will be harsh. China is likely to agree to it," he said, without elaborating.


He said however that Beijing would not cut food and fuel supplies to North Korea, a measure it reportedly took after a previous nuclear test.


He said North Korea's actions were a distraction for China's leadership, which was concerned that the escalations could inflame public opinion in China and hasten military build-ups in the region.


The source said he saw little room for compromise under North Korea's youthful new leader, Kim Jong-un. The third Kim to rule North Korea is just 30 years old and took over from his father in December 2011.


He appears to have followed his father, Kim Jong-il, in the "military first" strategy that has pushed North Korea ever closer to a workable nuclear missile at the expense of economic development.


"He is much tougher than his father," the source said.


(Additional reporting by Arshad Mohammed and Phillip Stewart in WASHINGTON; Writing by David Chance; Editing by Raju Gopalakrishnan, David Brunnstrom and Jackie Frank)



Read More..

Yen gains as G20 in focus, weak Europe dampens shares

LONDON (Reuters) - The yen rose on Friday as the Group of 20 struggled to find a common stance on recent currency moves, while renewed fears over global growth weighed on shares and commodities.


The meeting in Moscow of finance officials from the Group of 20 nations, which account for 90 percent of the world's economy, is set to be dominated by sparring over the motives behind expansive economic policies that have driven currency moves.


Uncertainty over the meeting's outcome saw traders cut short yen positions on Friday, sending the Japanese unit up 0.5 percent against the dollar to 92.40 yen and the euro down to a two-week low of 123.10 yen.


At issue is whether the loose monetary and fiscal policies of the United States, Japan, Britain and the euro zone amount to strategies of "competitive devaluation" or currency manipulation intended to boost exports and growth.


Attention has focused mostly on Japan, where the new government of Prime Minister Shinzo Abe has appeared to specifically target a weaker yen to stimulate the economy.


But European political leaders have also raised possibility of political interference in exchange rate policy with French President Francois Hollande last week calling for a medium-term target for the euro.


The Group of Seven rich powers - four big EU economies, Japan, the United States and Canada - weighed in to the debate this week by reaffirming a shared commitment to market-determined exchange rates, but some quickly undermined the united front with off-the-record briefings critical of Japan.


"There is an issue of 'who started the fire?' You can say that Japan is getting really aggressive but then they might say, 'well, what have the Americans done?', 'what about the British?' and so on," said William De Vijlder, chief investment officer at BNP Paribas Investment Partners.


An apparently frustrated European Central Bank President Mario Draghi said in Moscow on Friday all the loose talk on currencies was "inappropriate, fruitless and self-defeating".


The conflicting comments have put the spotlight on the G20's final communique which currency markets will scrutinize to determine whether to resume the current trend for a weaker yen and stronger euro.


Traders is the yen were also closely watching developments in Tokyo where premier Abe was said to be close to selecting his nominee for Bank of Japan governor. A decision could come in the next few days, sources told Reuters.


GROWTH WORRIES


Shares were broadly flat with the pan-European FTSEurofirst 300 index <.fteu3> little changed at 1,163.68 points following dismal gross domestic product data from across the euro zone on Thursday.


Frankfurt's DAX <.gdaxi> and London's FTSE <.ftse> were also little changed while Paris's CAC-40 <.fchi> gained 0.3 percent.


The surprisingly sharp contraction in the region's economy during the final three months of 2012 has undermined hopes of an early recovery from recession, though it has also boosted talk that the European Central Bank may have to ease further.


European shares have risen strongly from a low point last June, buoyed by an ECB pledge of new measures to tackle the region's economic problems, and any fall back in prices is expected to be temporary.


"There is some skepticism out there that February is not going to be a great month, but I think there's more room to run. The momentum is still intact," said Terry Torrison, managing director at Monaco-based McLaren Securities.


The weaker outlook for demand implied by the both the euro zone GDP data and weak growth in Japan sent Brent crude under $118 a barrel and on course for its first weekly loss since mid-January.


Front-month Brent futures fell 30 cents to $117.70 a barrel.


The gyrations in the currency market, which have strengthened the dollar versus the euro, sent gold to a six-month low of $1,625.44 an ounce on Friday. The metal is headed for its biggest weekly drop since June, down 2.4 percent.


(Additional reporting by Sudip Kar-Gupta in London; Editing by David Stamp and Alastair Macdonald)



Read More..

Report: Jerry Buss hospitalized with cancer


LOS ANGELES (AP) — Lakers owner Jerry Buss has been hospitalized with cancer, the Los Angeles Times reported Thursday.


The 79-year-old Buss has spent time in the intensive care unit at Cedars-Sinai Medical Center, according to the Times, which quoted Buss' son, Jim, Thursday saying his father was "doing fine." Several current and former Lakers players, including Kobe Bryant and Magic Johnson, have visited Buss.


Team spokesman John Black said the team has no plans to comment on Buss' health out of respect for the family's wishes. Buss spokesman Bob Steiner said information would have to come from the Lakers.


"Dr. Jerry Buss, thinking about u & wish I could be there, get well soon," former Lakers center Shaquille O'Neal tweeted Thursday. "I cant wait 2 see u on 4/2/13 (hash)LoveYou."


The Lakers will retire O'Neal's No. 34 jersey on April 2.


Buss has been hospitalized several times in recent years, including a stint last July for dehydration. He was treated for blood clots in his legs in December 2011.


A former aerospace engineer and real-estate developer, Buss has been a prominent name in American sports since he bought the Lakers, the NHL's Los Angeles Kings and the Forum from Jack Kent Cooke in 1979. Buss immediately transformed the Lakers into the NBA's most glamorous franchise, winning 10 NBA championships under his watch.


The Lakers won five titles in nine years during the 1980s, earning a reputation as basketball's most exciting team with their glamorous Showtime style led by Kareem Abdul-Jabbar and Johnson, who was Buss' first draft pick. O'Neal and Kobe Bryant then led the Lakers to a threepeat from 2000-02 under coach Phil Jackson before Bryant and Pau Gasol won two more titles in 2009 and 2010.


Buss' children moved into leadership roles with the Lakers in recent years. Jim Buss, the Lakers' executive vice president of player personnel and the second of Buss' six children, has taken a leading role in basketball decisions, while daughter Jeanie plays a major role in running the franchise's business side.


Yet Jerry Buss was deeply involved the Lakers' most recent major moves, including the acquisitions of Steve Nash and Dwight Howard last summer, along with the firing of coach Mike Brown and the hiring of Mike D'Antoni early this season.


Read More..

What does Kim intend with nuclear test?






STORY HIGHLIGHTS


  • North Korea enjoys international community chatter about its nuclear program

  • Dates of nuclear test and rocket launch have significance, writes Joo Sung Ha

  • Joo works as a newspaper journalist and came from North Korea




Editor's note: Joo Sung Ha is a Seoul-based journalist for Donga Ilbo, a newspaper in South Korea. He graduated from North Korea's Kim Il Sung University and trained as a reservist artillery officer. He has been imprisoned in China and North Korea. This piece was submitted in Korean and has been translated.


(CNN) -- On Tuesday, the international community reacted to North Korea's third nuclear test by calling its action "provocative," while South Korea's foreign minister warned that it was a "clear threat to international peace and security."


It was what Kim Jong Un, the nation's young leader, wanted.


From the North Korean government's view, the more pressure the international community places on its nuclear testing, the better. They enjoy the chatter among the world's leaders and at the U.N. about how North Korea's nuclear program must be stopped at all cost.



Joo Sung Ha defected from North Korea and is a journalist based in Seoul.

Joo Sung Ha defected from North Korea and is a journalist based in Seoul.



On January 23, the North Korean foreign ministry notified that they intended to carry out a test. They also sent photos of Kim Jong Un holding a meeting with senior officials.


If Kim had not acted by going through with the underground blast, it would have appeared that he had succumbed to pressure from the international community. In North Korea the authority of the "king" in the dynasty system cannot be compromised.


The date of the nuclear test -- conducted on February 12 -- is also significant, as it fell just days short of the 71st birthday of Kim's late father, Kim Jong Il, on February 16. Many North Korean events are associated with symbolic dates for the Kim family. On December 12, just days before the first anniversary of Kim Jong II's death, Pyongyang launched its first rocket into orbit -- despite international uproar.










North Korea has staked its pride on these events. Saving face is more important than international sanctions, even if hundreds of thousands of ordinary North Koreans have died of hunger.


Even so, I cannot say the motivation behind North Korea's nuclear test is for Kim's pride alone. It also sends a message to its people that "Kim Jong Un leads the world."


Even with the nuclear test, the government knows that war will not arise. But to its people, it can give the impression that war is impending.


Inheriting his father's position at such a young age -- he's believed to be in his 20s -- many in North Korea may question whether Kim has the clout to lead. But through this test, Kim wanted to send a strong message domestically that he is in charge.


What happens if they do develop an effective nuclear weapon? Does North Korea intend to attack the United States? That is impossible. If North Korea attacks, it will be sent back to the Stone Ages -- the leadership in Pyongyang is well aware of that.


Does this point to an eventual attack on South Korea then? South Korea is protected by a nuclear umbrella -- meaning that the United States will protect it. In return for Seoul limiting its own nuclear weapons capability, Washington offers its protection. If North Korea attacks South Korea, it's effectively an attack on the United States.


Another major reason why North Korea is developing a nuclear capability is that its conventional military is dated and there are doubts about whether it can defend itself. While North Korea has an estimated 1.2 million soldiers, making it the third largest military behind China and United States, this is only a number.


It may be hard to believe but for almost 20 years, there have been continued food shortages in the military, to the extent that as many as 20% to 30% of the armed forces have actually disappeared -- with many deserting their post by way of a bribe to their superiors. Those that do remain in service are often involved in petty crime to get by, such as stealing from the civilian population.


North Korea requires military service for 10 years. During those years, most are discharged without even having fired 30 bullets. Without sufficient fuel for planes, airborne troops have not had much training. In 1990, I stood guard at a post in Pyongyang. The anti-aircraft weapon I used was a 1940s era model from the Soviet Union.


If war is to occur, North Korea could not stand, even for days, and it is well aware of that. But could it count on traditional ally, China, for support?


Starting from Kim Il Sung, the founder of North Korea, the North Korean regime has never fully trusted China. The message that China is a nation that could strike North Korea at the "back of the head" has been passed down over the years to Kim Jong Un, his grandson. Since North Korea cannot count on Beijing fully, it has turned to the nuclear option as a deterrent.


North Korea would not risk a pre-emptive attack on the South, but the Kim dynasty now believes it has a card to protect itself, which is its main objective. For this reason, even if millions of people starve to death in the effects of the harsh sanctions, North Korea will keep trying to develop its own nuclear capabilities.


The opinions expressed in this commentary are solely those of Joo Sung Ha.






Read More..