China's November trade weakens, import growth zero









China's overseas trade slowed sharply in November, with growth in imports falling to zero despite other signs the world's second-largest economy is recovering from a slowdown.

Growth in exports declined to 2.9 percent over a year earlier from the previous month's 11.6 percent, customs data showed Monday. Import growth fell from October's 2.4 percent.

The figures were in line with warnings by analysts who said a trade rebound that began in August was unsustainable due to weak global demand amid Europe's debt problems and a slow U.S. recovery.

Figures released on the weekend showed that November factory output rose 10.1 percent and consumer spending increased 14.9 percent in a sign China is recovering from a slump that dragged growth to a three-and-a-half-year low in the quarter ended September.

Forecasters say economic growth likely is rebounding in the current quarter.

The weak trade figures are a setback for Chinese exporters that employ millions of workers and were battered by the slump in Western consumer demand.

The import weakness caused China's global trade surplus to widen 35 percent over a year earlier to $19.5 billion. But that was well below October's $32 billion, the biggest surplus in many years.

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Egypt's Morsi reverses most of decree that expanded his powers








CAIRO — In a political reversal to calm weeks of unrest, Egyptian President Mohamed Morsi early Sunday rescinded much of last month’s decree that expanded his powers and exposed a dangerous divide between the nation’s Islamists and the mainly secular opposition.

The announcement reverses most of the declaration the Islamist president issued Nov. 22, including putting his office beyond judicial oversight. The peeling away of that power was a major demand of protesters. But Morsi continued to defy the opposition by refusing to cancel a Dec. 15 referendum on a proposed constitution drafted by an Islamist-dominated assembly.

The turnaround by Morsi, who in a national address Thursday had refused to budge on his decree, was a signal that he wanted to ease tension that has resulted in clashes between his supporters and opposition groups that have left at least six people dead and hundreds injured.

It was unlikely, however, that reversing the decree but sticking to the referendum vote would appease the tens of thousands of protesters who have marched on his palace in the capital and in cities across Egypt.

“This is not a compromise; the president got all that he wanted,” said Bassem Sabry, an activist and writer. “What the Muslim Brotherhood wants [is to] get the constitution rammed through in a quick referendum before anyone gets a chance to properly discuss it.”

Morsi’s concessions came as news reports indicated that he was preparing to reimpose emergency law to allow soldiers to arrest civilians in response to the latest unrest.

Throughout the crisis the military has been a quiet, if uncomfortable, ally. In recent months, the Muslim Brotherhood, with which Morsi was long associated, has assured the army that its power and billions of dollars of business interests would not be upset by the Islamist-led government.

The generals and the Brotherhood are the nation’s dominant forces, onetime adversaries who have reached, at least for now, a strategic understanding amid the turmoil. The military — its reputation damaged during its months of oppressive rule after last year’s overthrow of Hosni Mubarak — wants to avoid presiding over the nation’s turbulent political passions.

Only hours before Morsi announced his concessions, the military said it viewed the crisis with “sorrow and concern” and indicated that it was preparing to tighten security. The escalation of “clashes and conflict is something we must avoid,” the army said in a statement. It added that without political dialogue, “the nation will be led to dark and disastrous consequences, which we will not allow.”

But the military “has no interest in going back into politics,” said Talaat Mosallam, a retired major general and security analyst. “They had an uncomfortable experience ruling during the aftermath of the [2011] uprising. The country is in need of political direction, and nobody has the cure.”

Morsi’s reliance on the generals, though, sharply illustrates Egypt’s altered political landscape, where what was unimaginable two years ago has been recast by new calculations and power plays.

Morsi and thousands of other Muslim Brotherhood members were jailed by the Mubarak government under an emergency declaration similar to what Morsi now is said to be proposing. It is a startling testament to his predicament and the urgency the Brotherhood feels amid the country’s increasingly violent divide between Islamists and liberal and secularist movements.

The Brotherhood has long been suspicious of the police and Interior Ministry, which Islamists believe have networks of Mubarak loyalists aiming to disrupt Morsi’s government. The military — still the country’s most revered institution — was viewed as the better choice for instilling order and reassuring diplomats and foreign investors about Egypt’s stability and regional political stature.

The Brotherhood has placated the generals by preserving the military’s broad powers in the proposed constitution. Liberals and Christians boycotted the drafting of the charter, but the secular army approved the document, despite its references to Islamic law, known as sharia.

The coming days will tell whether Morsi’s Sunday concessions will be enough to reach a compromise with the opposition. The political unrest began more than two weeks ago when Morsi seized near-absolute power and protected the Islamist-led constitutional assembly from judicial review. Those actions resulted in a rushed proposed charter that the opposition says endangers civil rights and allows clerics to influence the nation’s laws.

Morsi called for a national dialogue with dissident groups Saturday, but no major opposition figure attended. With the opposition promising more protests and marches on the presidential palace, Morsi, who is trying to attract billions of dollars in foreign investment for his beleaguered economy, sought to show that Egypt would not devolve into chaos.

“There are agreements between the armed forces, the U.S. and the Brotherhood,” said Ammar Ali Hassan, a political analyst. “They've agreed to stability because the U.S. absolutely needs stability in Egypt.”

Morsi’s relationship with the military has had many twists. The Brotherhood was co-opted, persecuted and outlawed through six decades when secular military men, including Mubarak, ran the country.

When Mubarak fell in early 2011, opposition groups criticized the Brotherhood for not joining them in battling against the military takeover of the country. The army and the Brotherhood, however, had set parameters of mutual interest that allowed the Islamist group to rise to political power while the military remained the ultimate authority to counter what it regarded as a threat from an emerging political Islam.

That balance was uneasy from the beginning. Morsi moved against the military in August, forcing the resignations of top generals, including Field Marshal Mohamed Hussein Tantawi, who had ruled the country for more than 16 months until Morsi came to power. The purge was made possible by two dynamics: The army wanted to exit politics to protect its reputation from further damage, and younger officers were eager to clean the top ranks of an old guard they saw as out of step with the country’s modern strategic demands.

The military, which receives $1.3 billion in annual U.S. aid, has many factions and could change course. But the country’s new defense minister, Lt. Gen. Abdel Fattah Sisi, is a pious Muslim; and the armed forces chief of staff, Gen. Sedky Sobhy, appears more in tune with Brotherhood sentiments than Tantawi, who in 2008 threatened to call out the troops to prevent the group’s candidates from winning seats in local elections.

In a 2005 paper from his training at the National War College in Washington, Sobhy echoed a stance closer to the Brotherhood than to the Mubarak regime, which at the time was a close U.S. ally criticized for its perceived deference to Israel.

“The one-sided nature of the United States-Israel strategic relationship has not only caused actual harm to the cause of peace with numerous victims among Arab populations ... but it has inflamed Arab passions,” Sobhy wrote.

The military, however, is not easy to read and is vested in a business empire estimated to account for at least 10% of the country’s economy. The majority of Egyptians, those far from protests and political battles, believe the generals will protect the nation ahead of any party. Some analysts suggest that could once again make the generals Morsi’s strongest rivals.

“The circumstances that the country is undergoing can allow the military back into the scene,” said Hassan, the political analyst.

“Unlike the Brotherhood, which seeks to change the Egyptian identity, the military might prove to be another better option for Egyptians. Egyptians believe that the military will at least not threaten their cultural identity, unlike the Brotherhood.”

jeffrey.fleishman@latimes.com


Abdellatif is a special correspondent.






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Twitter to Start War on Instagram In Time for Christmas












Holidays seem to be Instagram‘s bread and butter, so it makes sense that Twitter would fire their first shot in the war on Instagram when the app is at its most vulnerable. 


RELATED: Why You Can’t See Instagram Photos on Twitter Anymore












If we learned anything from Thanksgiving, it’s that people love to Instagram their holidays. Turkeys, stuffing, table settings: you Amaro’d it all. It was the service’s best day ever. There were 10 million pictures Instagrammed on Thanksgiving. So it’s not a logistical stretch to imagine the holiday season – Hanukkah starts tonight! —  will be big business for Instagram, too. Christmas day will probably be especially big since it combines dinner, like Thanksgiving, and presents. (Also: check your Instagram feed right now and you’re sure to see at least 3 Christmas trees.)


RELATED: Meet the Parade of Greedy Crybabies Who Didn’t Get iPhones for Christmas


And so comes a report from AllThingsD’s Mike Isaac saying Twitter will launch its own photo filters on time for Christmas, likely to try and capitalize on that rush of OMG I got a cool thing! photo-sharing. Instagram stopped their photos from being shown on Twitter, because they want people on their site. The move makes enough sense, because Instagram is owned by Facebook and not Twitter, but it still sucks for the rest of us. The two companies are now in a budding rivalry over photo-sharing, so this is it, it’s war, we guess. 


RELATED: How to Get Over the Twitter-Instagram War on Photos


If you’re having trouble watching these two former friends fight, please read The Atlantic Wire’s Rebecca Greenfield’s guide to getting over it. The holidays is no place for rivalries. Didn’t Jingle All The Way teach you people anything? 


Social Media News Headlines – Yahoo! News


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Rolling Stones hit NY for 50th anniversary gig


NEW YORK (AP) — "Time Waits for No One," the Rolling Stones sang in 1974, but lately it's seemed like that grizzled quartet does indeed have some sort of exemption from the ravages of time.


At an average age of 68-plus years, the British rockers are clearly in fighting form, sounding tight, focused and truly ready for the spotlight at a rapturously received pair of London concerts last month.


On Saturday, Mick Jagger, Keith Richards, Ronnie Wood and Charlie Watts hit New York for the first of three U.S. shows on their "50 and Counting" mini-tour, marking a mind-boggling half-century since the band first began playing its unique brand of blues-tinged rock.


And the three shows — Saturday's at the new Barclays Center in Brooklyn, then two in Newark, N.J., on Dec. 13 and 15 — aren't the only big dates on the agenda. Next week the Stones join a veritable who's who of British rock royalty and U.S. superstars at the blockbuster 12-12-12 Sandy benefit concert at Madison Square Garden. Also scheduled to perform: Paul McCartney, the Who, Eric Clapton, Bruce Springsteen & The E Street Band, Alicia Keys, Kanye West, Eddie Vedder, Billy Joel, Roger Waters and Chris Martin.


The Stones' three U.S. shows promise to have their own special guests, too. Mary J. Blige will be at the Brooklyn gig, as well as guitarist Gary Clark Jr., the band has announced. (Blige performed a searing "Gimme Shelter" with frontman Jagger in London.) Rumors are swirling of huge names at the Dec. 15 show, which also will be on pay-per-view.


In a flurry of anniversary activity, the band also released a hits compilation last month with two new songs, "Doom and Gloom" and "One More Shot," and HBO premiered a new documentary on their formative years, "Crossfire Hurricane."


The Stones formed in London in 1962 to play Chicago blues, led at the time by the late Brian Jones and pianist Ian Stewart, along with Jagger and Richards, who'd met on a train platform a year earlier. Bassist Bill Wyman and drummer Charlie Watts were quick additions.


Wyman, who left the band in 1992, was a guest at the London shows last month, as was Mick Taylor, the celebrated former Stones guitarist who left in 1974 — to be replaced by Wood, the newest Stone and the youngster at 65.


The inevitable questions have been swirling about the next step for the Stones: another huge global tour, on the scale of their last one, "A Bigger Bang," which earned more than $550 million between 2005 and 2007? Something a bit smaller? Or is this mini-tour, in the words of their new song, really "One Last Shot"?


The Stones won't say. But in an interview last month, they made clear they felt the 50th anniversary was something to be marked.


"I thought it would be kind of churlish not to do something," Jagger told The Associated Press. "Otherwise, the BBC would have done a rather dull film about the Rolling Stones."


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Associated Press writer David Bauder contributed to this report.


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Doping at U.S. Tracks Affects Europe’s Taste for Horse Meat





PARIS — For decades, American horses, many of them retired or damaged racehorses, have been shipped to Canada and Mexico, where it is legal to slaughter horses, and then processed and sold for consumption in Europe and beyond.







Christinne Muschi for The New York Times

A slaughterhouse in Saint-André-Avellin, Quebec, where meat is processed for sale in Europe.






Lately, however, European food safety officials have notified Mexican and Canadian slaughterhouses of a growing concern: The meat of American racehorses may be too toxic to eat safely because the horses have been injected repeatedly with drugs.


Despite the fact that racehorses make up only a fraction of the trade in horse meat, the European officials have indicated that they may nonetheless require lifetime medication records for slaughter-bound horses from Canada and Mexico, and perhaps require them to be held on feedlots or some other holding area for six months before they are slaughtered.


In October, Stephan Giguere, the general manager of a major slaughterhouse in Quebec, said he turned away truckloads of horses coming from the United States because his clients were worried about potential drug issues. Mr. Giguere said he told his buyers to stay away from horses coming from American racetracks.


“We don’t want them,” he said. “It’s too risky.”


The action is just the latest indication of the troubled state of American racing and its problems with the doping of horses. Some prominent trainers have been disciplined for using legal and illegal drugs, and horses loaded with painkillers have been breaking down in arresting numbers. Congress has called for reform, and state regulators have begun imposing stricter rules.


But for pure emotional effect, the alarm raised in the international horse-meat marketplace packs a distinctive punch.


Some 138,000 horses were sent to Canada or Mexico in 2010 alone to be turned into meat for Europe and other parts of the world, according to a Government Accountability Office report. Organizations concerned about the welfare of retired racehorses have estimated that anywhere from 10 to 15 percent of the population sent for slaughter may have performed on racetracks in the United States.


“Racehorses are walking pharmacies,” said Dr. Nicholas Dodman, a veterinarian on the faculty of Tufts University and a co-author of a 2010 article that sought to raise concerns about the health risks posed by American racehorses. He said it was reckless to want any of the drugs routinely administered to horses “in your food chain.”


Horses being shipped to Mexico and Canada are by law required to have been free of certain drugs for six months before being slaughtered, and those involved in their shipping must have affidavits proving that. But European Commission officials say the affidavits are easily falsified. As a result, American racehorses often show up in Canada within weeks — sometimes days — of their leaving the racetrack and their steady diets of drugs.


In October, the European Commission’s Directorate General for Health and Consumers found serious problems while auditing the operations of equine slaughter facilities in Mexico, where 80 percent of the horses arrive from the United States. The commission’s report said Mexican officials were not allowed to question the “authenticity or reliability of the sworn statements” about the ostensibly drug-free horses, and thus had no way of verifying whether the horses were tainted by drugs.


“The systems in place for identification, the food-chain information and in particular the affidavits concerning the nontreatment for six months with certain medical substances, both for the horses imported from the U.S. as well as for the Mexican horses, are insufficient to guarantee that standards equivalent to those provided for by E.U. legislation are applied,” the report said.


The authorities in the United States and Canada acknowledge that oversight of the slaughter business is lax. On July 9, the United States Food and Drug Administration sent a warning letter to an Ohio feedlot operator who sells horses for slaughter. The operator, Ronald Andio, was reprimanded for selling a drug-tainted thoroughbred horse to a Canadian slaughterhouse.


The Canadian Food Inspection Agency had tested the carcass of the horse the previous August and found the anti-inflammatory drug phenylbutazone in the muscle and kidney tissues. It also discovered clenbuterol, a widely abused medication for breathing problems that can build muscle by mimicking anabolic steroids.


Because horses are not a traditional food source in the United States, the Food and Drug Administration does not require human food safety information as it considers what drugs can be used legally on horses. Patricia El-Hinnawy, a spokeswoman for the agency, said agency-approved drugs intended for use in horses carried the warning “Do not use in horses intended for human consumption.”


She also said the case against Mr. Andio remained open.


“On the warning letter, the case remains open and no further information can be provided at this time,” Ms. El-Hinnawy said.


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More young American adults are leaving the nest









WASHINGTON — After riding out the tough economy in their parents' basements, more young American adults are starting to break out on their own, pushing up the nation's mobility rate and giving an important boost to the housing market and the broader recovery.


Thanks to improving job prospects and super-low mortgage rates, adults in their 20s and early 30s are moving into their own apartments and buying homes in increasingly greater numbers, according to real estate experts and government statistics.


Census Bureau data show that the nation added more than 2 million households in the 12 months that ended March 31, about triple the annual average for the previous four years. Most of the gain came from baby boomers, but young adults are hitting the road as well.





The recession had knocked overall U.S. interstate migration to a post-World War II low, but last year the number of people ages 25 to 29 who moved across state lines reached its highest level in 13 years, said William Frey, a demographer at the Brookings Institution.


Frey called the shift significant: "They're leading indicators of migration coming for the broader population."


Laurie Brown, 26, said she was "completely broke" when she moved back into her parents' house near Tahoe City, Calif., in early March 2011. She came home with college loans to pay and other debt from bouncing from one place to the next.


"At first, I thought I'd be there only two months," she said.


But Brown soon realized just how tough the job market was. She had a bachelor's degree, magna cum laude, in business communications from George Fox University in Newburg, Ore., but the best she could find after returning home was busing and waiting tables at a restaurant in Tahoe City.


"I was really humbled," she said. "It made me feel like I wasn't an adult, like you're back in high school." Once a week, she got together for happy hour with three high-school buddies who were all in the same boat: college graduates living at home again. "We were kind of a support group," she said.


Then in late April, after finding full-time work at a nonprofit youth development and literacy program in the Tahoe area, Brown moved into an apartment about 15 minutes from her parents' home.


"In some ways it was a blessing in disguise," she said of her 14 months living with her mother and father. Although it was hard at times to adjust, she said, "it was really nice to spend time with my parents. I was able to reconnect with them."


During the recession and slow recovery, young people better educated than their parents' generation have struggled to compete with older workers in a job market with several unemployed people for every opening. That compares with about two people unemployed for every job opening before the 2007-09 recession.


Without sufficient incomes, they delayed getting married and having children, and simply stayed where they could pay little or no rent.


The result was that 2 million more adults ages 18 to 34 were living under their parents' roofs last year than four years earlier, according to an analysis of census data by Timothy Dunne, an economist at the Federal Reserve Bank of Cleveland.


Over the last year, the jobless rate of those ages 25 to 34 has dropped a little more sharply than it has for the overall population. It fell to 7.9% in November from 9% at the start of the year, compared with a decline to 7.7% from 8.3% for all workers.


"With stronger economic fundamentals, the process will pick up speed," Dunne said. "I think there's pressure. Households can delay formation for only so long."


People tend to move long distances for new jobs.


A week ago, Kevin Ratz, 27, hitched a U-haul to his Ford pickup, loaded the trailer with furniture, stereo equipment and skis, and drove to Chicago.


Ratz left behind his parents' suburban Detroit home, where he had stayed in his childhood room for the last two years. The room was pretty much unchanged, with its sports-car posters on the wall and youth-hockey trophies lining the bookshelf.


One big reason he moved back in with his parents was the weak job market for young pilots. Although he had a degree in aviation from Western Michigan University and some experience as a flight instructor, he found few well-paying openings in the field.





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U.S. undertakes review of border officers' use of force









U.S. Customs and Border Protection has launched what it calls a comprehensive review of its officers' use of force amid a sharp increase in fatal confrontations along the Southwest border.


The initiative, which appears to be the most far-reaching of its kind in recent years, calls for an assessment of current tactics and the participation of an independent outside research center.


Mexican government officials, who have condemned the shootings, will also be provided briefings on closed investigations involving force, according to a memorandum prepared for Homeland Security Secretary Janet Napolitano and obtained by the Los Angeles Times.





The memorandum, dated Oct., 24, 2012, is from David V. Aguilar, the agency's deputy commissioner.


Since 2010, 16 people have been killed in fatal confrontations with Border Patrol agents and customs officers, prompting unprecedented levels of scrutiny and criticism from some U.S. Congress members and border activists. Agency guidelines permit agents to fire weapons against people suspected of throwing rocks, a practice that critics consider excessive.


Recent incidents that stirred protests include the shooting in October of a 16-year-old suspected rock thrower in Nogales, Mexico, and the September shooting of a man on the banks of the Rio Grande in Nuevo Laredo, Mexico. Mexican authorities say the man was picnicking with his family.


In San Diego, protests erupted over the 2010 death of a man who suffered a fatal heart attack after being Tasered in a scuffle. About half of the fatal incidents in recent years involved rock throwers. In most cases the agents involved were cleared of wrongdoing.


The Homeland Security's Office of Inspector General is also conducting a review of the incidents. U.S. authorities will ramp up efforts to improve coordination with Mexican authorities in high-risk areas, according to the memorandum. They are also pressing Mexico to establish a specially trained border unit.


Among the most significant elements in the review, experts and officials said, is the involvement of an unspecified third party, described as a federally funded research and development center.


"Any time you can get an independent party to do a review, that is really the best way to go," said Alonzo Pen¿a, a former Department of Homeland Security attache at the U.S. Embassy in Mexico City. "There will never be confidence in a review being done by the agency itself," he said.


Vicki B. Gaubeca, the director of the regional center for border rights for the ACLU of New Mexico, said she welcomed "anything they can do to prevent unnecessary deaths, so agents resort to the lethal use of force only as a last resort."


Among rank-and-file agents, the new measures were greeted with a mix of resentment and cautious optimism. In recent weeks, supervisors have distributed the use of force guidelines to agents to refresh their knowledge of the policy. Chief patrol agents from across the Southwest were summoned to Washington, D.C., in October to discuss the policy.


Some agents questioned the role of the Mexican government, saying their actions contributed to the violence. "They refuse to police their northern border and they allow free rein by criminal organizations," said Shawn Moran, vice president of the National Border Patrol Council, the union representing Border Patrol agents. "But when one of their citizens is killed after assaulting a border patrol agent, they raise hell."


Customs and Border Protection officials said the review should be completed by the end of January.


richard.marosi@latimes.com


brian.bennett@latimes.com





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Exclusive: Google to replace M&A chief












SAN FRANCISCO (Reuters) – Google Inc is replacing the head of its in-house mergers and acquisitions group, David Lawee, with one of its top lawyers, according to a person familiar with the matter.


Don Harrison, a high-ranking lawyer at Google, will replace Lawee as head of the Internet search company‘s corporate development group, which oversees mergers and acquisitions, said the source, who spoke anonymously because he was not authorized to speak publicly.












Google is also planning to create a new late-stage investment group that Lawee will oversee, the source said.


Google declined to comment. Lawee and Harrison could not immediately be reached for comment.


One of the Internet industry’s most prolific acquirers, Google has struck more than 160 deals to acquire companies and assets since 2010, according to regulatory filings. Many of Google’s most popular products, including its online maps and Android mobile software, were created by companies or are based on technology that Google acquired.


Harrison, Google’s deputy general counsel, will head up the M&A group at a time when the company is still in the process of integrating its largest acquisition, the $ 12.5 billion purchase of smartphone maker Motorola Mobility, which closed in May.


And he takes over at a time when the Internet search giant faces heightened regulatory scrutiny, with the U.S. Federal Trade Commission and the European Commission conducting antitrust investigations into Google’s business practices. Several recent Google acquisitions have undergone months of regulatory review before receiving approval.


As deputy general counsel, Harrison has been deeply involved in the company’s regulatory issues and many of its acquisitions. He joined Google more than five years ago and has completed more than 70 deals at the company, according to biographical information on the Google Ventures website.


Harrison is an adviser to Google Ventures, the company’s nearly four-year old venture division which provides funding for start-up companies.


While most of Google’s acquisitions are small and mid-sized deals that do not meet the threshold for disclosure of financial terms, Google has a massive war chest of $ 45.7 billion in cash and marketable securities to fund acquisitions.


Lawee, who took over the M&A group in 2008, has had hits and misses during his tenure. Google shut down social media company Slide one year after acquiring it for $ 179 million, for example.


The planned late-stage investment group has not been finalized, the source said. The fund might operate separately from Google Ventures, according to the source.


“Think of it as a private equity fund inside of Google,” the source said.


The company recently said it would increase the cash it allocates to Google Ventures to $ 300 million a year, up from $ 200 million, potentially helping it invest in later-stage financing rounds.


Google finished Friday’s regular trading session down 1 percent, or $ 6.92, at $ 684.21.


(Reporting By Alexei Oreskovic; editing by Carol Bishopric and Jim Loney)


Wireless News Headlines – Yahoo! News


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'Borderlands 2,' 'Dishonored' win at Spike VGAs


LOS ANGELES (AP) — The cartoony post-apocalyptic shoot-'em-up sequel "Borderlands 2" and the stealthy first-person game "Dishonored" were among the early winners at the Spike Video Game Awards on Friday.


"Borderlands 2" was picked as best shooter and multiplayer game, while "Dishonored" was awarded with the best action-adventure game trophy at the gaming extravaganza.


The ceremony honors outstanding achievements within the gaming industry over the past year.


"The Avengers" star and shooter fan Samuel L. Jackson hosted the 10th annual ceremony at Sony Pictures Studios — his fourth time as the show's emcee.


This year's ceremony was scheduled to screen never-before-seen footage from such upcoming titles as "The Last Us," ''South Park: The Stick of Truth" and "Castlevania: Lords of Shadow 2." It will also serve as the launch pad for newly announced game "The Phantom Pain."


For the first time, the VGAs were streamed on Xbox Live, the online service for Microsoft's Xbox 360 console. During the ceremony, online viewers could vote on show components such as what songs and clips would be played during the ceremony.


___


Online:


http://www.spike.com/events/video-game-awards


___


Follow AP Entertainment Writer Derrik J. Lang on Twitter at http://www.twitter.com/derrikjlang


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Election is over, but 'super PACs' remain a threat








Just as the devil's finest trick is persuading you that he doesn't exist (according to the poet Baudelaire), the best trick of big-money political donors may be persuading Americans that Citizens United doesn't matter.


Citizens United, of course, is the infamous 2010 ruling by the Supreme Court that overturned limits on political spending via ostensibly independent groups, and thereby unleashed a torrent of donations from corporations and wealthy individuals in presidential and congressional election cycles.


One of the big post-election punditry themes after last month's election was that it showed big-time spending couldn't help donors like Las Vegas mogul Sheldon Adelson get their way and might even have worked against them. A determined Obama foe, Adelson donated $20 million to a "super PAC" supporting Mitt Romney, and at least $32 million more to other conservative groups in an election widely seen as a rout of the right wing. The conclusion was: Hoo boy, did he waste his money.






This sort of schadenfreude by liberals and progressives — or is it "Sheldonfreude"? — is misplaced and dangerous. Influence by corporations and the wealthy still counts for a lot in our electoral process, and it's only going to count for more. Citizens United still needs an antidote.


"People are too complacent," says Fred Wertheimer, a veteran public interest advocate who currently heads Democracy 21, a Washington nonprofit devoted to campaign finance reform. "The larger issue is the ability to buy influence over government policies, and that's operating in full force regardless of the outcomes of particular races."


Nor is it entirely correct to say that the Citizens United style of spending failed because more Democrats than Republicans prevailed at the polls. "There was super PAC money on both sides," says Larry Noble, president of Americans for Campaign Reform, a Concord, N.H.-based nonprofit seeking to dilute the influence of private money in elections. "They may not have determined the election, but you can't say they didn't have any influence."


Super PACs are a species of political organization that can raise unlimited sums from corporations, unions, and individuals and spend the money for or against specific candidates; they're merely barred from directly coordinating with the candidates they back, a porous and easily finessed limitation.


Federal election records show that the biggest ones this year were Restore Our Future, which spent $143 million in support of Romney; the Karl Rove-affiliated American Crossroads, which spent $124 million for conservative causes; and Priorities USA Action, which spent $78 million in support of President Obama.


"The candidates are happy you made those donations," Noble says. "And as long as the candidates are happy, that money will continue to flow."


The impulse to please big donors to keep the money flowing visibly narrows the breadth of debate in Washington, where raising the top marginal income tax rate by 4.6 percentage points, to 39.6%, is treated as the absolute limit on taxation of the wealthy. For most of the Reagan administration, the top rate was 50% or higher.


This mind-set reflects the outsized influence of a small clutch of wealthy individuals and corporate donors. According to a study by the nonprofit progressive organizations Demos and the U.S. Public Interest Research Group, contributions to super PACs by just 61 large donors averaging $4.7 million each matched the combined donations of 1.4 million donors of $250 or less to the Romney and Obama campaigns.


Whose voices are likely to resonate more loudly in the halls of the White House and Congress — the 61 donors or the 1.4 million?


That's why the Washington debate over the "fiscal cliff" has boiled down to a discussion about how to impose long-term sacrifices on average working men and women by gutting their retirement and healthcare benefits, while leaving those who earn more than $250,000 a year better off.


That side of the debate is being spearheaded by corporate CEOs organized as the Campaign to Fix the Debt. It has close ties to Peter G. Peterson, a hedge fund billionaire who has spent millions in a decades-long attack on Social Security and Medicare. (There are also links between Peterson and Americans for Campaign Reform.)


The organization's most prominent spokesmodels, such as Honeywell Chairman and Chief Executive David M. Cote, are tolerably well insulated from the sacrifices they advocate as part of a fiscal-cliff solution. Cote is a member of Fix the Debt's steering committee. As of the end of last year, Honeywell calculated the present value of the pension benefits due him upon retirement at $36.2 million.


He accumulated those benefits over a period of less than 10 years in his job and is entitled to collect at age 60, which means he's eligible this year. (The figures come from Honeywell's latest proxy statement.)


According to several commercial annuity calculators, Cote's accumulated benefits might yield him a monthly stipend of $150,000 to $175,000 today. For comparison's sake, the monthly Social Security retirement benefit for the average worker is $1,230 this year — and that's for a worker who likely earned benefits from 45 years of labor, not 10, and retired at age 66, not 60. By the way, Honeywell's employee pension plan was underfunded at the end of last year to the tune of $2.76 billion, a deficit of 18%.


The most important point to make about big donations in the 2012 election is that they may have been ineffective, especially on the conservative side, because they were deployed stupidly.


Romney and his GOP supporters sank their money into overpriced and transparently fatuous advertisements, while the Obama camp invested frugally on ads and heavily on ground-level organizing. But people like Sheldon Adelson didn't accumulate their wealth by being stupid, and it's a safe bet they won't make the same mistakes again.


The best counterweights to Citizens United lie in tightening up disclosure rules, to combat a trend that saw donors of as much as 37% of the donations to outside campaign groups remaining unidentified. That's $125 million, contributed mostly through "social welfare" organizations and business leagues that are allowed to keep their donors secret but aren't supposed to engage chiefly in electioneering. Clearly that's a regulation that's been flagrantly flouted.


Another good idea is to magnify the weight of small donations to tip the scale back toward the average voter. That's the goal of the Empowering Citizens Act, sponsored by Reps. David Price (D-N.C.) and Chris Van Hollen (D-Md.) By providing a public match of 5 to 1 for the first $250 of any individual's contribution to a presidential or congressional candidate, the measure aims to raise incentives for individuals to donate and for candidates to seek small donations.


Without some way of redressing the imbalance between big donors and small, "the great danger of huge contributions buying influence over government decisions at the expense of ordinary Americans is going to be in full play," says Wertheimer, whose organization endorses the Empowering Citizens Act.


"This is just Year One" of the post-Citizens United era, he adds. "Already we saw $1 billion in unlimited contributions raised by super PACs and social welfare organizations. We're going to have an arms race."


Michael Hiltzik's column appears Sundays and Wednesdays. Reach him at mhiltzik@latimes.com, read past columns at latimes.com/hiltzik, check out facebook.com/hiltzik and follow @latimeshiltzik on Twitter.






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