Dow, S&P end lower but Apple boosts Nasdaq

NEW YORK: Strong gains by Apple, Facebook and other key tech stocks sent the Nasdaq exchange higher Monday while the Dow and S&P 500 sagged.

The US markets were generally feeble on the first session after a slow Thanksgiving holiday week, with the jury still out over how strong the crucial Black Friday holiday sales went for retailers.

The Dow Jones Industrial Average finished down 42.31 points (0.33 per cent) at 12,967.37.

The broad-market S&P 500 lost 2.86 (0.20 per cent) at 1,406.29, while the Nasdaq Composite rose 9.93 (0.33 per cent) to 2,976.78.

A pumped-up Facebook soared 8.1 per cent to $25.94 after analysts at longtime skeptics Bernstein Research gave the company a "like," setting a $33 target for the price.

That, combined with Apple's 3.2 per cent surge to $589.53, drove the Nasdaq's gain.

Retailers dependent on physical stores were mostly lower, with Walmart losing 0.4 per cent, Costco 1.7 per cent, and Target 2.6 per cent.

The first weekend of the holiday sales period, kicked off with last week's Black Friday shopping bonanza, was strong, businesses said, but many were reported concerned that consumer spending might not be sustained over the next month.

But online retailers were higher, Amazon gaining 1.6 per cent and eBay adding 4.9 per cent, after Friday's online sales topped $1 billion for the first time.

Among the Dow blue chips, Coca-Cola topped losers with a 1.5 per cent fall while Hewlett-Packard led a handful of gainers, adding 2.4 per cent.

Bond prices rose. The 10-year US Treasury yield dropped to 1.66 per cent from 1.69 per cent Friday, and the 30-year fell to 2.80 per cent from 2.83 per cent.

- AFP/fa

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Rajya Sabha logjam over FDI continues

NEW DELHI: The logjam in Parliament over FDI in multi-brand retail continued on Monday with opposition parties twice forcing adjournment of the Upper House.

The morning session started with chairman Hamid Ansari expressing the resolve of the House in fighting terrorism on the 4th anniversary of Mumbai attacks but had to be adjourned shortly as the BJP refused to relent.

The main Opposition accused the government of contempt of Parliament by deciding to introduce FDI in retail when it had given an assurance to the contrary in the House last year.

"The government had given an assurance on December 7, 2011, that it was going to suspend FDI in retail Now they are bringing it...this is contempt of Parliament,'' said senior leader Vankaiah Naidu amid slogan-shouting by other members.

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Bounce houses a party hit but kids' injuries soar

CHICAGO (AP) — They may be a big hit at kids' birthday parties, but inflatable bounce houses can be dangerous, with the number of injuries soaring in recent years, a nationwide study found.

Kids often crowd into bounce houses, and jumping up and down can send other children flying into the air, too.

The numbers suggest 30 U.S. children a day are treated in emergency rooms for broken bones, sprains, cuts and concussions from bounce house accidents. Most involve children falling inside or out of the inflated playthings, and many children get hurt when they collide with other bouncing kids.

The number of children aged 17 and younger who got emergency-room treatment for bounce house injuries has climbed along with the popularity of bounce houses — from fewer than 1,000 in 1995 to nearly 11,000 in 2010. That's a 15-fold increase, and a doubling just since 2008.

"I was surprised by the number, especially by the rapid increase in the number of injuries," said lead author Dr. Gary Smith, director of the Center for Injury Research and Policy at Nationwide Children's Hospital in Columbus, Ohio.

Amusement parks and fairs have bounce houses, and the playthings can also be rented or purchased for home use.

Smith and colleagues analyzed national surveillance data on ER treatment for nonfatal injuries linked with bounce houses, maintained by the U.S. Consumer Product Safety Commission. Their study was published online Monday in the journal Pediatrics.

Only about 3 percent of children were hospitalized, mostly for broken bones.

More than one-third of the injuries were in children aged 5 and younger. The safety commission recommends against letting children younger than 6 use full-size trampolines, and Smith said barring kids that young from even smaller, home-use bounce houses would make sense.

"There is no evidence that the size or location of an inflatable bouncer affects the injury risk," he said.

Other recommendations, often listed in manufacturers' instruction pamphlets, include not overloading bounce houses with too many kids and not allowing young children to bounce with much older, heavier kids or adults, said Laura Woodburn, a spokeswoman for the National Association of Amusement Ride Safety Officials.

The study didn't include deaths, but some accidents are fatal. Separate data from the product safety commission show four bounce house deaths from 2003 to 2007, all involving children striking their heads on a hard surface.

Several nonfatal accidents occurred last year when bounce houses collapsed or were lifted by high winds.

A group that issues voluntary industry standards says bounce houses should be supervised by trained operators and recommends that bouncers be prohibited from doing flips and purposefully colliding with others, the study authors noted.

Bounce house injuries are similar to those linked with trampolines, and the American Academy of Pediatrics has recommended against using trampolines at home. Policymakers should consider whether bounce houses warrant similar precautions, the authors said.

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Online:

Pediatrics: http://www.pediatrics.org

Trade group: http://www.naarso.com

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AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com/LindseyTanner

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Bin Laden Manhunt Film Based on Controversial First-Hand Accounts

It was the greatest manhunt of all time, the stealthy nighttime raid by the elite SEAL Team Six on Osama bin Laden's compound in Pakistan, which led to the death of the world's most wanted terrorist leader.

It is the subject of "Zero Dark Thirty," a riveting new film by director Kathryn Bigelow and screenwriter Mark Boal, both of Oscar-winning "The Hurt Locker" fame. But when they began making a film about the hunt for bin Laden six years ago, right after they finished "The Hurt Locker," the movie they had in mind was about the failed attempt to find bin Laden in the Tora Bora mountains of Afghanistan.

That plan changed drastically on May 1, 2011 when bin Laden was killed. Boal, a meticulous investigative reporter, picked up the phone and started working his sources.

"It was a thrilling journey to go on and also thrilling to discover what the people who were involved in this mission were really like," Boal said.

In an exclusive interview with "Nightline," Bigelow and Boal talked about bringing "Zero Dark Thirty" to the screen based on Boal's interviews and Bigelow's dramatic vision.

"It was all based on first hands accounts so it really felt very vivid and very vital and very, very immediate and visceral of course which is very exciting as a film maker," Bigelow said.

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Watch ABC's Martha Raddatz's exclusive interview with Kathryn Bigelow and Mark Boal on "Nightline" tonight at 11:35 p.m. ET

Bigelow said she and Boal were working in his office when they heard President Obama's now famous announcement that the United States had "conducted an operation that killed Osama bin Laden."

"It was a personal moment for me because I grew up in New York City," Boal said. "I think for a lot of people, just kind of an overwhelming moment."

All of a sudden, Bigelow said it put their project in a very different perspective.

"It was not just as a film concern, it was kind of a global concern," she said. "We both realized simultaneously that we had to pivot."

"I picked up the phone and started calling sources and asking them what they knew and taking referrals and knocking on doors and really approached it as comprehensively as I could," Boal said.

Almost immediately, the filmmakers found themselves in the middle of an election year firestorm, accused of receiving classified documents to bolster the president's role. It's something they both deny.

"I certainly did a lot of homework, but I never asked for classified material," Boal said. "To my knowledge I never received any."

In fact, President Obama makes only a fleeting appearance in the film. The star of this real-life drama is, surprisingly, a young female CIA officer, played by Jessica Chastain, who helps find bin Laden through a long-forgotten courier.

"It was a couple of months into the research when I heard about a woman, part of the team, and she has played a big role and she had gone to Jalalabad and been deployed with the SEALs on the night of the raid," Boal said.

"When I realized at the heart of this hunt, at the heart of this 10-year odyssey was this woman, this young woman who had a kind of tenacity and a dedication and a courage, she would never say no, I was excited to take it on," Bigelow said.

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Egypt's Mursi holds crisis talks over power grab

CAIRO (Reuters) - Egypt's president negotiated with judges on Monday to try to defuse a crisis over his seizure of extended powers which set off violent protests reminiscent of the uprising that thrust his Islamist movement into government.

The justice minister said he thought President Mohamed Mursi would agree with a proposal from the highest judicial authority to curb the scope of new powers. Mursi was "very optimistic Egyptians would overcome the crisis", his spokesman said.

But the protesters, some camped in Cairo's Tahrir Square, have said only retracting the decree will satisfy them, a sign of the deep rift between Islamists and their opponents that is destabilizing Egypt nearly two years after Hosni Mubarak fell.

"There is no use amending the decree," said Tarek Ahmed, 26, a protester who stayed the night in Tahrir, where tents covered the central traffic circle. "It must be scrapped."

One person has been killed and about 370 injured in clashes between police and protesters since Mursi issued a decree on Thursday shielding his decisions from judicial review, emboldened by international plaudits for brokering an end to eight days of violence between Israel and Hamas in Gaza.

Mursi's political opponents have accused him of behaving like a dictator and the West has voiced its concern, worried by more turbulence in a country that has a peace treaty with Israel and lies at the heart of the Arab Spring.

Mursi's administration has defended his decree as an effort to speed up reforms and complete a democratic transformation. Leftists, liberals, socialists and others say it has exposed the autocratic impulses of a man once jailed by Mubarak.

Mursi's opponents have called for a protest on Tuesday and leading leftist, Hamdeen Sabahy, vowed peaceful demonstrations would continue until the decree was "brought down", saying Tahrir would a model of an "Egypt that will not accept a new dictator because it brought down the old one".

In a bid to lower tensions, the Brotherhood delayed its rival protest in support of Mursi that it had planned for Tuesday, a spokesman for the group's party said. The Salafi al-Nour Party also said it would stay away from the streets.

"President Mursi is very optimistic that Egyptians will overcome this challenge as they have overcome other challenges," presidential spokesman Yasser Ali told reporters, shortly before the president held his meeting with members of Egypt's highest judicial authority, the Supreme Judicial Council.

COMPROMISE?

The Supreme Judicial Council has hinted at a compromise, saying Mursi's decree should apply only to "sovereign matters". That suggests it did not reject the declaration outright.

Justice Minister Ahmed Mekky, speaking about the council statement, said: "I believe President Mohamed Mursi wants that."

Legal experts said "sovereign matters" could be confined to issues such as declaring war or calling elections that are already beyond legal challenge. But they said Egypt's legal system had sometimes used the term more broadly, suggesting that any deal could leave wide room for interpretation.

And any deal with a judiciary dominated by Mubarak-era judges, which Mursi has pledged to reform, may not placate them.

Though both Islamists and their opponents broadly agree that the judiciary needs reform, his rivals oppose Mursi's methods.

The Supreme Constitutional Court was responsible for declaring the Islamist-dominated parliament void, leading to its dissolution this year. One presidential source said Mursi was looking for ways to reach a deal to restructure that court.

A group of lawyers and activists has also challenged Mursi's decree in an administrative court, which said it would hold its first hearing on December 4. Other decisions by Mursi have faced similar legal challenges brought to court by opponents.

The protesters are worried that Mursi's Muslim Brotherhood aims to dominate the post-Mubarak era after winning the first democratic parliamentary and presidential elections this year.

Banners in Tahrir called for dissolving the assembly drawing up a constitution, an Islamist-dominated body Mursi made immune from legal challenge. Many liberals and others have walked out of the assembly saying their voices were not being heard.

FURTHER ESCALATION?

Only once a constitution is written can a new parliamentary election be held. Until then, legislative and executive power remains in Mursi's hands, and Thursday's decree puts his decisions above judicial oversight.

One Muslim Brotherhood member was killed and 60 people were hurt on Sunday in an attack on the main office of the Brotherhood in the Egyptian Nile Delta town of Damanhour, the website of the Brotherhood's Freedom and Justice Party said.

The party's offices have also been attacked in other cities.

One politician said the scale of the crisis could push opponents towards a deal to avoid a further escalation.

"I am very cautiously optimistic because the consequences are quite, quite serious - the most serious they have been since the revolution," said Mona Makram Ebeid, a former member of parliament and prominent figure in Egyptian politics.

Mursi's office repeated assurances that the steps would be temporary, and said he wanted dialogue with political groups to find "common ground" over what should go into the constitution.

But though the presidency has called for dialogue, that has been rejected by members of the National Salvation Front, a new opposition coalition of liberals, leftists and other politicians and parties, who until Mursi's decree had been a fractious bunch struggling to unite.

The Front includes Sabahy, Nobel Peace Prize laureate Mohamed ElBaradei and former Arab League chief Amr Moussa.

The military has stayed out of the crisis after leading Egypt through a messy 16-month transition to a presidential election in June. Analysts say Mursi neutralized the army when he sacked top generals in August, appointing a new generation who now owe their advancement to the Islamist president.

Though the military still wields influence through business interests and a security role, it is out of frontline politics.

(Additional reporting by Tom Perry, Patrick Werr and Marwa Awad in Cairo; Editing by Philippa Fletcher, Giles Elgood and Alastair Macdonald)

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Motor Racing: Show over as Schumacher bids farewell

SAO PAULO: Michael Schumacher bade an emotional farewell to Formula One on Sunday after finishing seventh in his final race, the tumultuous season-ending Brazilian Grand Prix.

After 21 years, seven drivers' championship triumphs and 91 victories, the 43-year-old recovered from an early puncture to score points in his final outing with the Mercedes team.

In an incident-packed race, Schumacher fell to the back of the field in the opening laps but climbed to sixth before being passed by title-bound fellow-German, and good friend, Sebastian Vettel.

"I think it's a nice ending," he said. "I'm finishing off and he's (Vettel) clinching his third title. I'm very proud of him and he's a good friend of mine and let's see what happens in his future.

"My emotions are under control at the moment, maybe later having a drink and hugging the mechanics it'll become more sentimental but I'm looking forward to life after Formula One now.

"It's been a pretty big challenge in this race because obviously I had the puncture and was at the back again... It took some memories back to 2006 when the same thing happened to me.

"Luckily I have the nature of not giving up and always trying to find a solution, and it worked out. In a way it does remind me of 2003 when I had a similar struggle and just managed by a point to win the championship."

He smiled as he looked back on his thrilling fight with 2007 champion Kimi Raikkonen of Lotus during the race.

"People are here to see a show, so you might as well put one on," added Schumacher.

"Give it a go and give it the maximum. I was having a go, and at certain moments you need to accept that there isn't the space and admit defeat."

He added that he had enjoyed his "second career" with Mercedes.

"It's been a beautiful time. Lots of exciting moments we shared, and lots of tough moments. The most incredible thing in a way is that I felt a lot of support in these last three years and they have been the most difficult years for me. But the fans have always been behind me."

-AFP/ac

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World should follow India’s example: Dalai Lama

KOCHI: Addressing the Malankara Orthodox Syrian Church centenary celebration on Sunday Tibetan spiritual leader, Dalai Lama said India is an example for the world because many religious sects co-exist in the country even today. "Spiritually, the country occupies a very important place and its tradition is relevant today. Harmony can be more effective if love and compassion are practised in daily life. Now everyone talks about money, which is important, but one must not forget peace of mind and spirituality," he said

Addressing the gathering, former president A P J Abdul Kalam said people should embrace a combination that will unite economic prosperity and the spiritual way of life. He also emphasized the importance of imparting moral values during the early years of education.

Releasing a Centenary souvenir on the occasion, chief minister Oommen Chandy said the social responsibility of religious organizations gives stability to society.

Delivering the presidential speech, Baselios Mar Thoma Paulose II, Catholicos of the East and Malankara Metropolitan, said that they never wanted quarrels or undue privilege but only justice and the rule of law. "We are a peace loving community. We appeal to the government to act courageously and give justice as per the law of the land and resolve conflicts in the community," he said.

He added that the church would set apart Rs 100 crore for social welfare schemes, including lending a helping hand to heart and cancer patients, building home for the homeless and provide financial aid to poor students.

Union minister K V Thomas, Hibi Eden, Vellapally Natesan, Archbishop Dr Mar Aprem Metropolitan, Chaldean Syrian Church of the East in India, Rev Thomas K Ommen, Church of South India and mayor Tony Chammany were present at the venue.

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AP PHOTOS: Simple surgery heals blind Indonesians

PADANG SIDEMPUAN, Indonesia (AP) — They came from the remotest parts of Indonesia, taking crowded overnight ferries and riding for hours in cars or buses — all in the hope that a simple, and free, surgical procedure would restore their eyesight.

Many patients were elderly and needed help to reach two hospitals in Sumatra where mass eye camps were held earlier this month by Nepalese surgeon Dr. Sanduk Ruit. During eight days, more than 1,400 cataracts were removed.

The patients camped out, sleeping side-by-side on military cots, eating donated food while fire trucks supplied water for showers and toilets. Many who had given up hope of seeing again left smiling after their bandages were removed.

"I've been blind for three years, and it's really bad," said Arlita Tobing, 65, whose sight was restored after the surgery. "I worked on someone's farm, but I couldn't work anymore."

Indonesia has one of the highest rates of blindness in the world, making it a target country for Ruit who travels throughout the developing world holding free mass eye camps while training doctors to perform the simple, stitch-free procedure he pioneered. He often visits hard-to-reach remote areas where health care is scarce and patients are poor. He believes that by teaching doctors how to perform his method of cataract removal, the rate of blindness can be reduced worldwide.

Cataracts are the leading cause of blindness globally, affecting about 20 million people who mostly live in poor countries, according to the World Health Organization.

"We get only one life, and that life is very short. I am blessed by God to have this opportunity," said Ruit, who runs the Tilganga Eye Center in Katmandu, Nepal. "The most important of that is training, taking the idea to other people."

During the recent camps, Ruit trained six doctors from Indonesia, Thailand and Singapore.

Here, in images, are scenes from the mobile eye camps:

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No Powerball Winner; Jackpot Grows to $425 Million

Nov 25, 2012 10:37am

                                                                (Image Credit: Charlie Neibergall/AP Photo)

The Powerball jackpot has swelled to $425 million, the largest in the lottery’s history, after no tickets matched the winning numbers in a drawing Saturday night.

The Powerball numbers for Saturday were 22-32-37-44-50, and the Powerball was 34.

Iowa Lottery spokeswoman Mary Neubauer said the jackpot could get even bigger before Wednesday, because sales tend to increase in the run-up to a big drawing.

The previous top windfall was $365 million. The jackpot was claimed by eight co-workers in Lincoln, Neb., in 2006.

PHOTOS: Biggest Lotto Jackpot Winners

While millions of Americans can have fun dreaming about how they’d spend the jackpot, the odds of winning are 1 in 175,000,000, according to lottery officials.

To put that in perspective, a ticket holder is 25 times less likely to win the jackpot then they are to win an Academy Award.

Even still, the old saying holds true: “You’ve got to be in it to win it.”

SHOWS: Good Morning America

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Egypt's Mursi to meet judges over power grab

CAIRO (Reuters) - Egyptian President Mohamed Mursi will meet senior judges on Monday to try to ease a crisis over his seizure of new powers which has set off violent protests reminiscent of last year's revolution which brought him to power.

Egypt's stock market plunged on Sunday in its first day open since Mursi issued a decree late on Thursday temporarily widening his powers and shielding his decisions from judicial review, drawing accusations he was behaving like a new dictator.

More than 500 people have been injured in clashes between police and protesters worried Mursi's Muslim Brotherhood aims to dominate the post-Hosni Mubarak era after winning Egypt's first democratic parliamentary and presidential elections this year.

One Muslim Brotherhood member was killed and 60 people were hurt on Sunday in an attack on the main office of the Brotherhood in the Egyptian Nile Delta town of Damanhour, the website of the Brotherhood's Freedom and Justice Party said.

Egypt's highest judicial authority hinted at compromise to avert a further escalation, though Mursi's opponents want nothing less than the complete cancellation of a decree they see as a danger to democracy.

The Supreme Judicial Council said Mursi's decree should apply only to "sovereign matters", suggesting it did not reject the declaration outright, and called on judges and prosecutors, some of whom began a strike on Sunday, to return to work.

Mursi would meet the council on Monday, state media said.

Mursi's office repeated assurances that the measures would be temporary, and said he wanted dialogue with political groups to find "common ground" over what should go in Egypt's constitution, one of the issues at the heart of the crisis.

Hassan Nafaa, a professor of political science at Cairo University, saw an effort by the presidency and judiciary to resolve the crisis, but added their statements were "vague". "The situation is heading towards more trouble," he said.

Sunday's stock market fall of nearly 10 percent - halted only by automatic curbs - was the worst since the uprising that toppled Mubarak in February, 2011.

Images of protesters clashing with riot police and tear gas wafting through Cairo's Tahrir Square were an unsettling reminder of that uprising. Activists were camped in the square for a third day, blocking traffic with makeshift barricades. Nearby, riot police and protesters clashed intermittently.

"BACK TO SQUARE ONE"

Mursi's supporters and opponents plan big demonstrations on Tuesday that could be a trigger for more street violence.

"We are back to square one, politically, socially," said Mohamed Radwan of Pharos Securities, an Egyptian brokerage firm.

Mursi's decree marks an effort to consolidate his influence after he successfully sidelined Mubarak-era generals in August. It reflects his suspicions of a judiciary little reformed since the Mubarak era.

Issued just a day after Mursi received glowing tributes from Washington for his work brokering a deal to end eight days of violence between Israel and Hamas, the decree drew warnings from the West to uphold democracy. Washington has leverage because of billions of dollars it sends in annual military aid.

"The United States should be saying this is unacceptable," former presidential nominee John McCain, leading Republican on the Senate Armed Services Committee, said on Fox News.

"We thank Mr. Mursi for his efforts in brokering the ceasefire with Hamas ... But this is not what the United States of America's taxpayers expect. Our dollars will be directly related to progress toward democracy."

The Mursi administration has defended his decree as an effort to speed up reforms that will complete Egypt's democratic transformation. Yet leftists, liberals, socialists and others say it has exposed the autocratic impulses of a man once jailed by Mubarak.

"There is no room for dialogue when a dictator imposes the most oppressive, abhorrent measures and then says 'let us split the difference'," prominent opposition leader Mohamed ElBaradei said on Saturday.

WARNINGS FROM WEST

Investors had grown more confident in recent months that a legitimately elected government would help Egypt put its economic and political problems behind it. The stock market's main index had risen 35 percent since Mursi's victory. It closed on Sunday at its lowest level since July 31.

Political turmoil also raised the cost of government borrowing at a treasury bill auction on Sunday.

"Investors know that Mursi's decisions will not be accepted and that there will be clashes on the street," said Osama Mourad of Arab Financial Brokerage.

Just last week, investor confidence was helped by a preliminary agreement with the International Monetary Fund over a $4.8 billion loan needed to shore up state finances.

Mursi's decree removes judicial review of decisions he takes until a new parliament is elected, expected early next year.

It also shields the Islamist-dominated assembly writing Egypt's new constitution from a raft of legal challenges that have threatened it with dissolution, and offers the same protection to the Islamist-controlled upper house of parliament.

"I am really afraid that the two camps are paving the way for violence," said Nafaa. "Mursi has misjudged this, very much so. But forcing him again to relinquish what he has done will appear a defeat."

Many of Mursi's political opponents share the view that Egypt's judiciary needs reform, though they disagree with his methods. Mursi's new powers allowed him to sack the prosecutor general who took his job during the Mubarak era and is unpopular among reformists of all stripes.

(Additional reporting by Yasmine Saleh and Marwa Awad in Cairo and Philip Barbara in Washington; Editing by Peter Graff and Philippa Fletcher)

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