PFT: Jaguars hire Mularkey as new coach

Mark SanchezAP

Even with offensive coordinator Brian Schottenheimer out (even though coach Rex Ryan said he?d be back unless he becomes a head coach), some Jets players want to see more changes on offense.

As Manish Mehta of the New York Daily News explains it, ?several key Jets players and members of the organization? have concerns regarding the ability of quarterback Mark Sanchez to do the job.

Some even want the team to dump Sanchez and replace him with Peyton Manning.

?Come on.? That?s a no-brainer,? one Jets source told Mehta.? ?If you have a chance to get a healthy 36-year-old Peyton Manning and you don?t do it, then you?re stupid.? If I could get a healthy 36-year-old Peyton Manning, then, hell yeah, I would trade Sanchez.?

At a minimum, the feeling is that Sanchez needs to be pushed harder from within.

?We have to bring in another quarterback that will make him work at practice,? one player told Mehta.? ?He?s lazy and content because he knows he?s not going to be benched.?

Mehta?s sources ?raised serious doubts about [Sanchez's] ability to lead the Jets, questioning everything from his practice habits to the organization?s coddling of him to how much of a role he truly played in the team making two consecutive AFC Championship Game appearances.?

Another ?well-respected player? agreed with the idea of making a move for Manning:? ?We already have his coach ? Tom Moore.? Plus, he?s a field general and will get everyone lined up.? He will get his playmakers the ball.? We can win a Super Bowl with Peyton.?? That?s something that some current members of the team believe will never happen with Sanchez under center.

?How can we when he?s not improving at all?? one of the players told Mehta. ?He thinks he is, but he?s not. He has shown us what he?s capable of.?

In fairness to Sanchez and those who have promised him a lifetime starting job (i.e., Rex Ryan), not everyone is opposed to concept of Sanchez continuing at quarterback.? ?Everybody got down on the quarterback,? one Jets source said.? ?But they weren?t looking at the situations we were putting him in.? I don?t think he?s as bad as people are making him out to be.? When the [sh-t] started snowballing and he lost confidence, he never recovered.? Then, you saw him making one stupid throw and one stupid mistake after another.?

Part of the problem is that players seem to resent the extent to which the organization tries to protect him.

?They don?t want to be truthful with him,? a ?prominent player? told Mehta.? ?They treat him like a baby instead of a man.? He goes in a hole when someone tells him the truth. . . .? So that should tell you everything.? He just doesn?t have the mental toughness to be great . . . especially in New York.?

?They see the organization babying him,? another source told Mehta.? ?They see him with a sense of entitlement.? He?s been given all this and hasn?t done anything.? They call him ?San-chise.?? They make him the face of the organization.? They gave him the captain tag.? He?s not a captain.? He should have never been a captain.?

And now the question is whether he should even be a member of the team.? When PFT reported last month that the team privately will explore options at the quarterback position in the offseason, Ryan dismissed it ? and once again vowed the Sanchez would still be the guy.

Just like Ryan vowed Schottenheimer would be back.? And just like Ryan vowed that the Jets would beat the Giants.? And just like Ryan vowed the Jets would win the Super Bowl.

Maybe the unnamed Jets players are aiming their verbal arrows one level too low.

Source: http://profootballtalk.nbcsports.com/2012/01/10/report-jaguars-to-make-mike-mularkey-next-head-coach/related/

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Names of employees, social insurance number ... - OSF DataLossDB

Use of the DataLossDB, and its exports, RSS feeds, reports, or other materials produced on this site by the Open Security Foundation requires authorization and potential licensing arrangements. For more information, please e-mail officers@opensecurityfoundation.org with a brief summary of how you would like to use this information; product, service, research, etc.

Source: http://datalossdb.org/incidents/5419-names-of-employees-social-insurance-number-employee-number-bank-account-information-for-employee-direct-deposits-and-latest-payroll-information-were-in-burgled-safe-and-electronic-devices

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Video: Homeless teen named semifinalist in Intel science competition

>>> for most kids, compelling in school is tough enough, even in the best circumstances. tonight we have the story of a teenager in new york who is dealing with chaos on the home front . at the same time, she's in the running for one of the biggest academic prizes there is. our chief education correspondent rehema ellis has her story.

>> reporter: 17-year-old samantha garvey is trying to grasp the news.

>> it's unbelievable. it doesn't seem like it could happen to someone like me.

>> reporter: this high school senior is a semi final in the intel science competition with a shot at the $100,000 prize.

>> i feel great, mommy, i feel wonderful. you feel better now? you know why? because i won, mommy.

>> reporter: samantha 's achievement is stunning because it comes amid family turmoil. her grandmother died, her parents were in a car accident, and while on disability fell behind on the bills. then on new year's eve, the whole family evic t'ed from their home.

>> i'm homeless. i live in a shelter. this is a motivator.

>> reporter: is there ever a time you wonder can we get past these times?

>> of course you wonder are things going to get better? in the long run, you have to be optimistic.

>> reporter: she stays optimistic by staying busy with advanced biology, calculus, business and violin.

>> she has been not only my student, but a research collaborator.

>> reporter: sher research project on sea life .

>> i'm going to college making a better life for myself.

>> reporter: ranked out of 400 from her senior class and pulling in top honors, samantha is well on her way, rehema ellis, nbc news, brentwood, new

Source: http://video.msnbc.msn.com/nightly-news/45978924/

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Is 2012 the Year of Thunderbolt? CES Analysis

Last February, Apple announced Thunderbolt, an Intel-designed standard for connecting displays, hard drives, and other high performance peripherals to Macs and PCs at superfast speeds: a max of 10 gigabits per second, up to 20 times faster than USB 2.0 and 12 times faster than Firewire 800. The company promised a host of third party gadgets would be soon to follow. But by the end of the year, aside from Apple's own Cinema Display and a handful of drives from makers like LaCie, Thunderbolt options were scarce. If you bought a Mac in 2011, there's a good chance your Thunderbolt port has gone completely untouched.

CES has already seen a smattering of Thunderbolt action, including, crucially, a handful of non-Apple laptops that will support the protocol. But the bad news is that they, along with the most enticing Thunderbolt peripheral we've seen at the show so far, won't be around until this summer... or later.

The first sign that Thunderbolt's on its way to a healthier existence in 2012 is its appearance on a wider range of PCs. So far, Lenovo has announced Thunderbolt support in its 14" Edge S430 laptop, and Acer says it has managed to squeeze a Thunderbolt port on its Aspire S5 ultrabook, which they claim to be the world's thinnest.

But Thunderbolt really lives and dies with the peripherals that support it. At CES, Belkin's showing off a sleek Thunderbolt dock ($299) that will give MacBook Airs (and presumably other port-deficient Ultrabooks) Gigabit Ethernet, FireWire, HDMI, 3.5mm audio, three USB 2.0 ports, and an additional pair of Thunderbolt connections, all from a single Thunderbolt cable. It's just the type of heavy usage Thunderbolt was designed for, and it's one of the most unique, consumer-relevant Thunderbolt products we've seen yet.

Then there are the drives: Elgato announced a pair of compact Thunderbolt SSDs at 128GB and 256GB ($400 and $600, respectively), the first to be powered entirely by the Thunderbolt connection itself, and OCZ has announced a series of Thunderbolt drives ranging from 128GB through 1TB. LaCie's updated a few of its lines with Thunderbolt, too, including the 2big RAID drives and an eSATA Thunderbolt hub.

Of course, a CES announcement doesn't mean these products will see the light of day anytime soon. Lenovo's laptop is slated for arrival in June, and Acer's Thunderbolt-equipped ultrabook currently has a nebulous Q2 release date. Elgato and LaCie's drives are slated for the next few months, though Belkin's dock, arguably the most exciting device of the lot, won't be around until September.

The dearth of peripherals available so far isn't altogether surprising. Apple is notoriously hard to work with in these matters. AirPlay, the company's wireless media streaming protocol, was announced in late 2010, and it has taken until now for a steady stream of compelling AirPlay gadgets to start showing up?and now that PC makers are getting into the fray, more hard drives, displays, and docks will likely follow.

For now, Thunderbolt largely remains the province of audio/visual professionals?those who need to move serious amounts of data on and off their machines every day, and for whom latency is a serious concern. Is 2012 the year of Thunderbolt? Not quite. But the uptick in activity?both in PCs and peripherals supporting the standard?suggests that next year's show might see Thunderbolt's true debut as a consumer standard.

Source: http://www.popularmechanics.com/technology/gadgets/news/is-2012-the-year-of-thunderbolt-ces-analysis-6635545?src=rss

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Idaho Gov. Otter huddles with Coach Pete

Otter?s game plan: If Monday?s speech felt a little like Coach Otter looking at a rebuilding year for Team Idaho, it just may be the coaching he got last summer.

A call to the sidelines: Otter invited Boise State football coach Chris Petersen to talk to him and his staff last summer, Otter recounted in his State of the State speech Monday. Coach Pete, 73-6 in six seasons as Bronco coach, spoke at a June office retreat.

How does Pete do it? ?We asked how he?s been able to build a national reputation for excellence with what?s considered limited resources by today?s college football standards,? Otter said.

Pete?s answer? ?What I took away from his answer was this: Focus. Focus on the challenges at hand. Focus on leveraging your strengths. Focus on improving every day. Focus on what you can control. And focus on helping individual players understand how they can help achieve team goals while reaching their own academic and athletic potential.?

Otter?s take? ?That?s a pretty good formula for success. It?s a high standard, but one which I know everyone here today is committed to achieving for the people we serve.?

Source: http://feedproxy.google.com/~r/IdahostatesmancomLocalNews/~3/cEjiwmeiBM8/governor-huddles-with-coach-pete.html

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German Renewable Energy Jobs Failing to Pan Out (ContributorNetwork)

According to a January 7 AFP report, when Germany decided to get away from nuclear energy and look to renewable sources, Chancellor Angela Merkel said that more jobs would be provided than lost by the change in energy policy. However, as companies announce the cutting of jobs in the country, some analysts say that isn't the case.

Solar lobbyists in Germany estimate that the move away from nuclear energy could create as many as 500,000 new jobs. According to RWI institute researcher, Manuel Frondel, though, solar-industry jobs cost consumers the euro-equivalent to $318,000 U.S. dollars apiece, the AFP article stated, due to the fact that renewable projects tend to be high capital, low job-producing endeavors. Meanwhile, since the announcement of Germany's changing energy policy was made last spring, the country's biggest power supplier, EON, has announced that it will reduce its workforce by 11,000. Another supplier, RWE, has announced cuts of 8,000 jobs. Additionally, Areva will cut 1,200 jobs at its German subsidiary due to restructuring.

As of June, 2011, according to a report by the Global Post, nearly one quarter of Germany's power was generated from nuclear plants, while renewable energy sources provided seventeen percent. The country's decision to shut down all of its nuclear plants by 2022 was met with skepticism not just in how many jobs could be lost, but how the country would be able to meet its future energy needs.

Also in June, the Christian Science Monitor published an article wondering if the United States government might also opt out of nuclear power. According to Mark Hibbs, a senior associate with the nuclear policy program at Carnegie Endowment for International Peace, if the transfer away from nuclear proved to work well in Germany over the next ten years, the U.S. very well might consider it. The U.S. currently gets about a fifth of its power from nuclear generation.

According to Christine Todd Whitman, former EPA administrator and former New Jersey governor, the nuclear energy industry currently supports more than 100,000 jobs. Eight new nuclear facilities are planned to be build in the next fifteen years, providing jobs for "thousands of skilled workers."

Source: http://us.rd.yahoo.com/dailynews/rss/science/*http%3A//news.yahoo.com/s/ac/20120109/sc_ac/10808913_german_renewable_energy_jobs_failing_to_pan_out

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A Push for Historic Preservation on the Moon

California?s catalog of historic artifacts includes two pairs of boots, an American flag, empty food bags, a pair of tongs and more than a hundred other items left behind at a place called Tranquillity Base.

The history registry for New Mexico lists the same items.

That might be surprising, since Tranquillity Base is not in New Mexico or California but a quarter of a million miles away, in the spot where Neil A. Armstrong and Buzz Aldrin stepped onto the moon in 1969.

But for archaeologists and historians worried that the next generation of people visiting the moon might carelessly obliterate the site of one of humanity?s greatest accomplishments, these designations were important first steps toward raising awareness of the need to protect off-world artifacts.

?I think it?s humanity?s heritage,? said Beth L. O?Leary, a professor of anthropology at New Mexico State University. ?It?s just an incredible realm that archaeologists haven?t begun to look at until now.?

Dr. O?Leary herself had not given much thought to historic preservation on the Moon until a student asked her in 1999 whether federal preservation laws applied to the Apollo landing sites.

?That started the ball rolling,? she said.

It turned out to be a tricky question. Under international law, the United States government still owns everything it left on the moon: the bottom half of the first lunar lander, the scientific experiments, the urine bags. But 100 nations, including the United States, have signed the Outer Space Treaty, in which they agree not to claim sovereignty over any part of the moon.

For most of the last decade, the effort by Dr. O?Leary and her students to seek formal protection for the Apollo sites was a lonely pursuit. NASA, by its nature, looks more to its future than its past. ?There?s a tendency of NASA, when their programs end, they tend to get rid of everything,? said Milford Wayne Donaldson, the historic preservation officer for California.

Federal officials were also wary that other countries would see granting historic protection to the Apollo sites as a ruse by the United States to put down territorial claims. And with no plans to go back to the moon, it all seemed like an academic exercise.

But interest in the moon has perked up again. Russia and India plan to send robotic landers. NASA was going to send astronauts back there until the Obama administration changed course a couple of years ago.

Most crucially, the Google Lunar X Prize, a competition among 26 teams to become the first private organization to put a spacecraft on the moon, offered a $1 million bonus for visiting a historic site there. At least one team announced it was heading for Tranquillity Base.

Suddenly, the prospect of a new little rover?s rolling over Neil Armstrong?s footprints was not entirely farfetched.

So Dr. O?Leary started placing calls to historic preservation officials in states where the space industry looms large. Texas, she learned, couldn?t help her, because to be listed as a historic resource there, an item must lie in Texas.

In early 2009, she called Mr. Donaldson in Sacramento to recruit his help in protecting American relics on the moon, ?which I thought was an incredible, great idea right off the bat,? he said. Dr. O?Leary and her students had already tried to get the National Park Service to list the base as a national historic landmark, but ?they had been turned down flatly,? Mr. Donaldson said.

When he checked California?s laws, he found that artifacts just had to have an association with the state to be listed. The Apollo program qualified, and the Historical Resources Commission approved the listing in January 2010. New Mexico followed three months later.

NASA became interested, too. Robert Kelso, manager of lunar commercial services at NASA?s Johnson Space Center in Houston, said he had talked with top officials at the agency: ?We said if they?re serious about going, we ought to get some of our best and brightest together and begin looking at this.?

NASA held a workshop a year ago about the preservation issue. Then Mr. Kelso led a team that cataloged what was left on the moon after the six Apollo landings, and it recommended how to balance historic preservation with the likely desire in the future to investigate how well the materials have lasted.

The recommendations, issued in the fall, place greater protections on items from the first moon mission, Apollo 11, and the last one, Apollo 17. For Apollo 11, the recommendations ask that any visitor, robotic or human, stay at least 75 meters from the lander.

?In that case, it would protect every footprint from Neil and Buzz and all the flight hardware,? Mr. Kelso said.

For Apollo 17, the protection bubble is even wider ? 225 meters ? because a lunar buggy let the last two men on the moon, Eugene A. Cernan and Harrison H. Schmitt, cover much more ground.

?We didn?t protect every rover track and footprint,? Mr. Kelso said, ?but we protected a lot of them.?

The recommendation for the other landing sites is that visitors can get close but not touch anything.

Mr. Kelso?s team also suggested guidelines for the paths of spacecraft overhead, to limit the chance that rocket exhaust will blow around lunar dust and damage the footprints.

Mr. Kelso said NASA?s recommendations, like the listings by California and New Mexico, have no legal force. ?We are hoping that whether it?s an international team or a commercial team, they would honor and recognize the value of these sites and honor these recommendations,? he said.

That may be enough.

?It?s a sea change for NASA to come out with recommendations,? Dr. O?Leary said. ?I think that the guidance you provide certainly strengthens the moral sanctions against obliterating some part of the archaeological record.?

The Lunar X Prize team that declared that it was going to Tranquillity Base, run by a company called Astrobotic Technology, now says it will stay away from the Apollo 11 and 17 sites.

Mr. Donaldson would like to add Tranquillity Base to the United Nations? list of world heritage sites. But first he will have to get the rules changed. Currently, nations can nominate only sites that are ?on their territory.?

Source: http://feeds.nytimes.com/click.phdo?i=e6c933cbac5750564f5056e24f7c1f36

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Debt crisis: live

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13.56 Guess who's back... Olli Rehn is back! The EU's economy commissioner said that the EU executive expects Spain to take fresh measures to curb public spending this year, including radical job-market reforms.

With Spain's 2011 public deficit "likely to be 8pc instead of 6pc" of GDP, Rehn said more needs to be done to ensure Madrid meets a 2013 deadline to meet the EU threshold of 3pc.

Rehn said that "it is regrettable that the fiscal deficit has been exceeded by Spain apparently rather substantially, mainly because of excessive spending by the regional governments" of powerful, semi-autonomous regions like Catalonia or the Basque Country. "We expect that Spain will take further measures."

13.54 Here's a cheeky picture that our man in Brussels, Bruno Waterfield, has tweeted:

13.46 Over to the US, where Charles Evans from the Federal Reserve Bank of Chicago, is doing nothing for American confidence. He is saying that the US economy still needs "substantial" Fed support and that the central bank should be willing to tolerate higher inflation.

Thanks for that.

13.43 More on that story that European leaders have dropped plans to alter the rules of the single market as part of a new fiscal compact, in a move that signals a significant victory for Britain.

Louise Armitstead reports that the draft document has also narrowed the role of European Union institutions, particularly the European Court of Justice, in supervising the new fiscal compact.

Revised Draft 11012012

13.31 That press conference hasn't done much for the markets.

FTSE 100 -0.6pc

CAC -0.2pc

DAX -0.3pc

IBEX -0.6pc

MIB +0.3pc

13.22 That's it from Merkel and Monti. They seem to agree (obviously) that a united Europe is the way forward, but there are division with regards to an EU Financial Transaction Tax.

13.20 Back to Merkel: She says there has been no agreement in the EU over the Financial Transaction Tax (FTT). She says the German Government agrees on the will to introduce FTT in EU.

13.19 Great quote from Monti: "In 1980 Professor Tobin told me that the Tobin Tax is like the Loch Ness Monster, it appears and disappears continuously."

13.15 Here's Monti: There will be a broad package of liberalisation reforms in coming days.

And Monti has hit the UK where it hurts by saying that a Financial Transaction Tax would make sense.

13.06 Merkel chiming in with soundbites: "In politics you can never talk about the 'last reform' - the world changes constantly and we all have to adapt... We will need more Europe in future, not less."

Merkel: "EU will grow further with new EU members... Europe's population and economic clout on the global scale is shrinking. If we want to stay wealthy we must become more competitive.. a united Europe is to Germany's advantage."

12.59 Back to Monti: Germany and Italy share an interest in boosting growth in the eurozone. He says he discussed with Merkel the need for a stronger, better single market.

He says there needs to be an orderly reduction of interest rates and further EU integration.

"I hope the financial markets will acknowledge the efforts being made by Italy," he says.

12.56 Now Merkel: EFSF leveraging more difficult than thought, ECB to advise. She says Germany would be prepared to pay more into the ESM at the start in order to send a message to the markets.

She adds that the EU budget already provides a facility for growth through the structural and cohesian funds.

12.55 Still with Monti, who says further austerity measures in Italy aim at economic growth.

12.54 Mario Monti now speaking. He says German discipline is the best recipe to overcome the European debt crisis. He adds that Italians broadly backed "very tough" measures and that Italy is no longer a threat.

12.47 Merkel says one of the first tasks this year is to determine the second pact for Greece. She says a Greek debt swap was discussed.

She says that France, Italy and Germany will meet on January 20.

12.45 "Merkonti" press conference under way. Merkel says there is a good chance of fiscal compact agreement on January 30. She praises the Italian government for taking fast, important measures.

Has she heard Monti's call this morning for the EU to recognise Italy's efforts in dealing with the debt crisis?

12.38 In case you're wondering, the Merkel/Monti press conference is yet to start.

12.37 David Cameron has said in Prime Minister's Questions that the UK's position on EU veto "will not change".

12.32 Further to our posting at 9.40 on the EU fiscal treaty, Open Europe believes that this draft looks to be much more in line with the UK?s demands and suggests that the UK still has some negotiating power or some allies willing to argue a similar line.

Open Europe director Mats Persson said:

Quote This latest draft marks a provisional victory for Cameron and Clegg ? the references to the single market are gone and the role of the EU institutions watered down. The fact that the changes line up closely with UK objectives suggests that the Government may have more allies than has often been portrayed. The strengthened commitment to incorporate these new rules into the EU Treaties within the next five years sets the stage for another round of EU negotiations involving the UK, potentially another source of leverage for the Government in the future. At the same time, however, the narrower role for the EU institutions in enforcing the rules for eurozone countries that run large debts may be seen by markets as a weakness reminiscent of the original Stability & Growth Pact.

12.18 Update on the markets:

FTSE 100 -0.7pc

CAC -0.7pc

DAX -0.8pc

IBEX -1pc

MIB -0.2pc

12.08 Back to Greece. The country's budget deficit is expected to hit 9.6pc of economic output in 2011, about half a percentage point above target, the development minister acknowledged.

Michalis Chryssochoidis said that an increase in the use of European Union structural development funds had contributed to lowering government overspending from 10.6pc of GDP in 2010.

12.04 Sky's Ed Conway:

11.55 Angela Merkel and Mario Monti are due to hold a press conference in Berlin in five minutes. We'll have the latest here.

11.53 Olli Rehn, vice-president of the European Commission, has given some damning quotes on Greece:

Quote Greece was accepted to the eurozone in 2001 partly based on false stastical information, but that is past. Greece did not reveal the truth of its economic and fiscal situation. But Greece is a member of the euro and it will be a member of the euro.

Rehn adds that there is still a chance of resolving the European debt crisis but wise and bold decisions are needed. He predicts there will be 17 eurozone members at the end of this year.

11.45 The yield on German one-year bonds is now 0.000pc.

11.35 BREAKING NEWS...

Spain to raise ?86bn via bond sales in 2012. This gross figure is nearly ?10bn less than the ?95.6bn raised by issuing sovereign debt in 2011, said the Treasury.

11.32 US Treasury Secretary Timothy Geithner has said he was ?encouraged? by what he heard about China?s economic growth after meeting senior officials in Beijing. ?We?ve had some encouraging signs of strength and resilience in the United States recently, and I leave Beijing encouraged? about the trajectory of China?s economic growth, he said.

Premier Wen Jiabao said:

Quote Somehow I always believe that when it comes to China and the United States, dialogue works better than confrontation and cooperation works better than containment. And in terms of our economic and political relationship, I believe cooperation benefits both while confrontation harms both.

11.26 Ratings agency Fitch has said that the ECB should ramp up its buying of eurozone debt to support Italy and prevent a "cataclysmic" euro collapse.

Meanwhile, German finance minister Wolfgang Schaeuble has rejected euro bonds as long as there are no rules in place to enforce coordinated economic policies.

11.24 The European Union executive has proposed to slap new sanctions on crisis-hit Hungary for failing to act to reduce its deficit in line with agreed targets.

The Hungarian parliament

The European Commission said in a statement that the government in Budapest had taken "no effective action" to get its deficit back within the EU's 3pc of GDP threshold.

Meanwhile, the economy of Croatia, set to join the European Union in 2013, will likely shrink 0.2pc this year, the central bank has said.

It added that the downturn will reflect "notably lower growth in external demand ... expected low growth in EU members as well as structural weaknesses of Croatia's economy".

11.17 Alan Clarke of Scotiabank has calculated that EDF's 5pc cut in gas prices will reduce inflation by 0.0045pc! Hurrah!

11.12 Following up our Little Chef line at 07.13, the restaurant chain has confirmed it is cutting up to 600 jobs and will close 67 branches.

10.56 Barclays has claimed that skyscrapers have an "unhealthy" link with impending financial collapse.

Researchers pointed to the fact the world's first skyscraper, New York's Equitable Life building, was finished in 1873 during a five-year recession, while the Empire State Building coincided with the Great Depression

Not good news for the ECB, which is building its own high-rise structure.

Could there be a worse portent than this?

10.45 BREAKING NEWS...

UK sells ?3bn of 10-year bonds for yield of 2.085pc. Bid to cover 2.15.

10.42 The gulf between rich and poor and a simultanous surge in the youth population and that of retirees are among the factors threatening to sow the "seeds of dystopia", the World Economic Forum (WEF) warned in its Global Risks 2012 report.

It also states that social upheaval and vulnerability to further economic shocks and risk were undermining the progress of globalization.

It cited severe income disparity, chronic fiscal imbalances, rising greenhouse gas emissions, the growing threat from cyber attacks and a crisis in water supplies as the key danger factors.

Lee Howell, the WEF managing director responsible for the report, said:

Quote For the first time in generations, many people no longer believe that their children will grow up to enjoy a higher standard of living than theirs.

10.36 BREAKING NEWS...

Germany sells five-year debt at auction below 1pc for the first time. Average yield 0.9pc, bid/cover 2.8.

Jeremy Cook, chief economist at foreign exchange company World First, said:

Quote This news comes a couple of hours after the initial estimate of German GDP for Q4 last year was revealed as 'roughly' -0.25pc, a number which could be revised lower. This represents bad news for the entire eurozone. If Germany?s not growing, nobody will be.

10.33 Michel Barnier, the EU?s financial services chief, said that he will make proposals in ?the next few weeks? on measures to cope with failing banks.

Mr Barnier says he will also present rules this year on so-called shadow banking, which he decribed as a ?major issue?.

10.15 Update on the markets:

FTSE 100 is flat, CAC up 0.6pc, DAX up 0.2pc, IBEX is flat, MIB up 0.9pc.

10.07 The breaking news is coming thick and fast now! UKFI has announced that its chairman, Sir David Cooksey, is to step down. CEO Robin Budenberg to become chairman, Jim O'Neil to become CEO.

Parting words from Sir David. He says selling off RBS and Lloyds will "inevitably take longer than originally expected".

10.06 Italian PM Mario Monti and German Chancellor Angela Merkel are holiding a press conference at noon GMT. We'll have the latest here.

10.04 The Danish central bank has published its stress list... and it shows one bank is in dire need of capital immediately.

Contagion?

10.01 Meanwhile, over at the BBC, Robert Peston believes the City of London will become an offshore currency market for China.

Quote This would be seen as a further step on the road to towards relaxation of China's strict controls of the value of its currency and on flows of capital. The RMB would be on its way to becoming a proper globally traded currency, commensurate with China's status as the world's second biggest economy. But for the UK, there would be a boost both to business and jobs in the City and to the prestige and reputation of London as a global financial centre.

10.00 I always like a list, and HSBC has come up with a good one. The top 50 world economies in 2050:

1) China 2) US 3) India 4) Japan 5) German 6) UK 7) Brazil 8) Mexico 9) France 10) Canada

09.46 Further to our Repsol line at 07.57, Spain's biggest oil firm has sold 5pc of its shares for ?1.36bn to private investors.

09.43 Meanwhile, over in Greece, an EU official has admitted that the country will probably need more money than agreed in October. EU leaders are to meet on January 30 to discuss a ?30bn payout.

09.40 A new EU fiscal treaty is set to include an escape clause that allows the suspension of a balanced-budget rule during a period of economic downturn or other exceptional event, according to a draft of the document obtained by Reuters.

The document reads:

Quote Temporary deviation from the medium-term objective will only be allowed in cases of [an] unusual event outside the control of the contracting party with a major impact on the financial position of the general government or in periods of severe economic downturn for the euro area, the EU or the concerned contracting party.

Loopholes already?!

09.32 UK's trade deficit in goods and services was ?2.6bn in November, up from ?1.9bn in October.

09.14 Italian public debt fell to 2.7pc in the third quarter. Italy approved three austerity budgets last year in an effort to drive down its giant public debt, which has rattled financial markets and pushed the eurozone's third largest economy to the brink of bankruptcy.

Meanwhile, here is Spain's manufacturing PMI (it's down 7pc):

Roubini's verdict: "Charts look like a free fall"

09.07 Top economist Nouriel Roubini has said that eurozone data suggest begninning of a double-dip recession. He adds that austerity measures will make conditions worse and the EU could break up in three to five years.

Roubini says India is facing several challenges and that GDP growth may disappoint with expansion of 7pc.

09.01 With most university students returning to education this month, we have compiled a picture gallery of the best and worst paid graduate jobs.

08.23 European stock markets are open. FTSE 100 down 0.1pc, DAX down 0.1pc and France's CAC down 0.2pc.

08.17 The ECB deposit facility has hit another overnight record of ?485.9bn.

What happened to lending to businesses?!

08.09 BREAKING NEWS...

German economy grew by 3pc in 2011, strongest since 2006. But Q4 GDP is adjusted to -0.25pc.

Spanish industrial output in November falls by 7pc, more than 5.4pc expected.

07.57 Shares in Repsol, the Spanish oil and gas company, have been suspended from the Madrid stock exchange after the company said it is looking to selll a 5pc stake.

07.50 Bank of Japan Governor Masaaki Shirakawa has said there are limits to what monetary policy can achieve and governments must implement ?necessary? reforms to aid the global economy, as he gave a speech at the London School of Economics.

Quote Providing liquidity as ?a lender of last resort? is, in essence, a policy to ?buy time'. It is essential that the necessary structural reforms take place while time is being bought, as the time that we can buy becomes progressively more expensive.

07.35 More home news. State-owned lenders RBS and Lloyds Banking Group have given contracts to eight lobbying and public affairs companies despite a Government ban on other publicy-funded organisations spending money to influence legislation.

RBS paid six public affairs businesses last year as well as employing its own full-time team of lobbyists, while Lloyds used the services of two companies, according to the Independent.

07.31 What do you want first, the good news or the bad news? Ok, let's start with good:

Energy company EDF has cut its gas prices by 5pc (yay).

Bad news:

Asda has raised petrol and diesel prices by 1p per litre - the first unleaded rise for eight months (boo).

07.30 The Telegraph's Jeremy Warner has written a great piece on how Labour are failing to appear apologetic for its handling of the economy while in power.

The problem Miliband's got is that there is no monopoly on alternatives to government largesse as a way of tackling social unfairness. Cracking down on executive pay? The Coalition can do that. Getting tough on bankers? The Coalition is already being tougher than Labour ever dared. Incentives for apprenticeships? If they might work, the Government will no doubt do it. Stripped of its public spending clothes, Labour looks enfeebled. Capitalism?s crisis of trust has ironically become very much Labour?s problem, too.

07.23 Asian markets are still open. Japan's Nikkei is up 0.3pc, the Hang Seng is up 0.5pc, the Shanghai Composite is down 0.4pc, and the Kospi is down 0.4pc.

07.13 Quick bit of corporate news. Sainsbury's sales up 2.1pc over Christmas, but that figure includes VAT and is over 14 weeks. Chief executive Justin King says it's their best ever festive period.

Little Chef is reportedly shutting 70 restaurants, according to The Sun.

Supergroup sales are up 5.8pc and Greggs has also done well.

06.58 The Telegraph's Business section today is leading with a story that UK banks are being left vulnerable by the Bank of England and politicians.

The Bank's refusal to contemplate new support programmes for UK banks has left them with "few or no backstops", according to UBS analysts.

UBS analysts warned the lack of an emergency scheme from the central bank to support the banking system in the event of a new crisis had already led to rapidly rising funding costs for lenders. Government attempts to make British banks safer are also panned in the UBS report, with the increased cost of funding and the collapse in the share prices of major lenders cited as "clear signs of distress" among the UK's largest banks.

06.55 In the major Western markets today, the FTSE 100 is expected to open down 0.4pc, while the Dow Jones Industrial Average is set to open down 0.1pc.

06.50 The big news this morning is that Italian PM Mario Monti has said that the European Union must recognise Italy's efforts in fighting the sovereign debt crisis or risk the third-largest eurozone economy falling into the hands of anti-EU populists. Monti said:

Quote I cannot be successful with my policies if the policies of the EU do not change. If that doesn't happen, Italy - which has always been a pro-European country - could flee into the hands of populists.

Elsewhere, the Government yesterday sold bonds at a negative interest rate as investors effectively paid to lend money to the UK. For only the second time ever, the Treasury sold government bonds - known as gilts - that will pay returns below the level of inflation.

Treasury sources highlighted the UK gilt sale as a sign of market confidence in the Coalition government. But independent economists warned that extremely low bond yields also signal market pessimism about the world economy, the eurozone crisis and the likely return on other investments.

06.46 Quick look at the newspaper front pages this morning:

06.40 However, the picture for UK banks is less reassuring - UBS analysts said Britain's lenders have been left vulnerable by decisions made by the Bank of England and our politicians.

Harry Wilson reports:

The Bank's refusal to contemplate new support programmes for UK banks has left them with "few or no backstops", according to UBS analysts.

Their doubts over the Bank's policy comes as questions are raised about the central bank's fitness to take on new powers of oversight for the financial system.

The accountability of the Bank has become a major political issue. Senior politicians, including Andrew Tyrie, chairman of the Treasury Select Committee, have said that moves to hand it responsibility for regulating Britain's largest banks must be balanced by increased public scrutiny of its actions.

06.35 European markets had a positive day yesterday, after Fitch assured investors that France's AAA rating was likely to be safe in 2012. Angela Monaghan reports:

The FTSE 100 rose 1.5pc, or 84.44 to 5,696.7 after investors were reassured by the ratings agency that Europe's second largest economy was not at front-line risk of contagion from the ongoing eurozone debt crisis.

"In the absence of important shocks that could be linked to a strong worsening of the situation in the eurozone, Fitch does not foresee modifying its negative outlook [on France] before 2013," a spokesman said.

The CAC 40 in Paris closed up 2.66pc at 3,210.79, while the DAX in Frankfurt rose 2.42pc to 6,162.98.

06.30 Good morning and welcome back to live coverage of the debt crisis.

Debt crisis live: archive

Source: http://telegraph.feedsportal.com/c/32726/f/568300/s/1bb566ac/l/0L0Stelegraph0O0Cfinance0Cdebt0Ecrisis0Elive0C90A0A63650CDebt0Ecrisis0Elive0Bhtml/story01.htm

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North Little Rock Mayor Pat Hays to retire

RETIRING: Mayor Pat Hays.

Word was circulating last night that North Little Rock Mayor Pat Hays had made his decision not to seek re-election this year after almost 24 years in office. I hinted at that last night on a brief update about his decision to pull down an idea to give the mayor emergency power, [...]

Read the full story

Source: http://arkansasnews.com/2012/01/10/north-little-rock-mayor-pat-hays-to-retire-2/

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Automakers shedding CD players

Scott Olson / Getty Images

The 2013 Sonic on display at the Detroit auto show.

By msnbc.com news services

CD players in cars look set to go the same way as the dodo bird, according to a report in industry trade publication Automotive News.

With content and computing power migrating to smartphones, which can now channel music, navigation and other applications to relatively simple and low-cost onboard infotainment systems, CD players are becoming increasingly irrelevant in cars, the report says.

Automakers also want to get rid of optical drives -- that is, CD or DVD players -- because they are expensive and appeal mainly to older motorists, according to the report.

Indeed, the 2013 Chevrolet Sonic RS, which debuted this week at the Detroit auto show and will go on sale in the United States this summer features an optional MyLink infotainment system that lets motorists make hands-free phone calls, listen to MP3 music and get route guidance by linking their smartphones to the vehicle's infotainment system. But no CD player, Automotive News said.

?We asked potential Sonic and Spark customers what they were looking for in infotainment,? Sara LeBlanc, MyLink's global infotainment program manager, told Automotive News. ?They were very worried about cost. They said to us: ?Get rid of the CD player. We don?t use it.??

Source: http://bottomline.msnbc.msn.com/_news/2012/01/10/10096404-automakers-shedding-cd-players

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