Cain defends ad with smoking campaign manager

FILE - In this Oct. 28, 2011 file photo, Republican Presidential candidate, Herman Cain campaigns in Talladega, Ala. They?ve rolled the dice. The top Republican presidential rivals are locked in a game of one-upmanship, each trying to outdo the other in offering the boldest economic plan for the party?s efforts to unseat President Barack Obama next November. (AP Photo/Dave Martin, File)

FILE - In this Oct. 28, 2011 file photo, Republican Presidential candidate, Herman Cain campaigns in Talladega, Ala. They?ve rolled the dice. The top Republican presidential rivals are locked in a game of one-upmanship, each trying to outdo the other in offering the boldest economic plan for the party?s efforts to unseat President Barack Obama next November. (AP Photo/Dave Martin, File)

WASHINGTON (AP) ? Republican presidential hopeful Herman Cain said Sunday that an Internet ad featuring his campaign manager smoking conveyed a message about letting "people be people" and was not intended to suggest that smoking is cool.

The video went viral this month with some 1 million clicks on Cain's campaign website. The ad shows Cain's top adviser, Mark Block, taking a deep drag from a cigarette and slowly exhaling into the camera.

"I'm not a smoker. But I don't have a problem if that's his choice," Cain said on CBS' "Face the Nation."

"So let Herman be Herman. Let Mark be Mark. Let people be people. This wasn't intended to send any subliminal signal whatsoever," the candidate said.

Cain, who was diagnosed with liver and colon cancer in 2006 and has said he's been cancer-free since 2007, was chided about the ad by his interviewer, Bob Schieffer, a bladder cancer survivor.

"Mark Block smokes. That's all that ad says," Cain said. "We weren't trying to say it's cool to smoke. You have a lot of people in this country that smoke. But what I respect about Mark as a smoker ... he never smokes around me or smokes around anyone else. He goes outside."

Cain said the video was meant "to be informative. If they listen to the message where he said America has never seen a candidate like Herman Cain, that was the main point of it. And the bit on the end, we didn't know whether it was going to be funny to some people or whether they were going to ignore it or whatever the case may be."

Cain said he understood the objection and that about 30 percent of the feedback the campaign had received to the video was similar to Schieffer's.

Schieffer pressed Cain to send an anti-smoking message on the show. Cain complied.

"Young people of America, all people, do not smoke. It is hazardous and it's dangerous to your health. Don't smoke. I've never smoked and I have encouraged people not to smoke," he said.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2011-10-30-Cain-Smoking/id-41883e05db9a4f1dba7b702ee6a465a0

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Confident Cain plans to cut back campaign events

Republican Presidential candidate, Herman Cain campaigns in Talladega, Ala., Friday, Oct. 28, 2011. (AP Photo/Dave Martin)

Republican Presidential candidate, Herman Cain campaigns in Talladega, Ala., Friday, Oct. 28, 2011. (AP Photo/Dave Martin)

Republican Presidential candidate, Herman Cain campaigns in Talladega, Ala., Friday, Oct. 28, 2011. (AP Photo/Dave Martin)

BIRMNGHAM, Ala. (AP) ? Presidential candidate Herman Cain is full of confidence about his 2012 prospects.

It's been weeks since he's set foot in first-voting Iowa or New Hampshire, yet he said Saturday he said expects to finish first or second in each state.

He's also predicting victory in South Carolina, which will hold the South's first presidential contest in 2012.

"And then, look out," Cain said Saturday before plunging into a crowd of football tailgaters at Samford University, a Baptist-affiliated school in Alabama.

That win, he says, will set the stage for him to capture the GOP nomination.

Cain, however, said he plans to "dial back" his campaign and media appearances in order to avoid missteps. Since climbing in the polls, he has had a series of fumbles, forcing him to clarify comments on abortion, immigration and terrorism suspects.

Cain has chalked up the mistakes to a grueling campaign schedule jammed with media interviews. Such itineraries are standard fare on the presidential campaign trail and it is unclear how aggressively he will restrict his schedule.

A former pizza magnate who has never held elected office, Cain is adapting from a longshot candidate hustling for any media attention to a front-runner who must be more selective with his time and disciplined in his message.

"When you're too tired you're not on your 'A game,'" the 65-year-old Georgia businessman told a throng of reporters who greeted the arrival of his bus on the Samford campus.

He said it was a mistake to schedule interviews immediately following debates. Cain maintained he did not flip-flop on issues, but simply did not hear questions properly.

The blunt-spoken Cain has been more cautious lately. At a campaign stop at the Alabama Republican Party headquarters on Friday, Cain paused then asked a reporter to repeat a complicated two-part question on immigration.

"I don't want to have to clarify," he said with a laugh.

Not everyone thinks walking back a misstatement is a sign of weakness.

"I like that if he says something, he's not afraid to turn around and admit he's wrong," said Phil Andrews, of Birmingham, who tried without success to reach the candidate and have him sign his Cain t-shirt.

"He's human and that's just fine."

____

Follow Shannon McCaffrey at www.twitter.com(backslash)smccaffrey13

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2011-10-29-Cain/id-3d327ff87277492a8eafca85a5ba7ca2

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Whirlpool to cut 5,000 jobs to reduce costs (AP)

BENTON HARBOR, Mich. ? Appliance maker Whirlpool Corp. says it will cut 5,000 jobs in an effort as it faces soft demand and higher costs for materials.

The jobs to be cut are mostly in North America and Europe. They include 1,200 salaried positions and the closing of the company's Fort Smith, Ark., plant.

The company expects the moves will save $400 million by the end of 2013.

Whirlpool also says its third-quarter net income more than doubled to $177 million, or $2.27 per share, from $79 million, or $1.02 per share. Adjusted earnings of $2.35 per share fell short of analyst expectations for $2.75 per share.

The company, whose brands include Maytag and KitchenAid, has been squeezed by higher costs for materials such as steel and copper.

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/ap/20111028/ap_on_bi_ge/us_earns_whirlpool

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Supercommittee GOP, Democrats swap offers (AP)

WASHINGTON ? Republicans on Congress' deficit-reduction supercommittee outlined a plan Wednesday that includes spending cuts but none of the increases in tax revenue sought by Democrats, completing an initial exchange of offers that left the two sides far apart despite weeks of secret talks.

Officials also said the Democratic proposal on Tuesday and the GOP counter-proposal 24 hours later both included a provision to slow the inflationary increase in future Social Security benefits, suggesting it could become part of any compromise that might emerge.

The Republican offer calls for somewhat more than $2 trillion in deficit savings over a decade, according to officials in both parties. Less than half of that amount would come from increases in items such as Medicare premiums, the sale of public lands and airport fees ? measures that increase government revenue without changing personal or corporate taxes.

Spending cuts include about $500 billion from Medicare over a decade and another $185 billion from Medicaid, these officials said.

By contrast, Democrats want $1.3 trillion in higher tax revenue, a similar amount in spending cuts and enough other savings elsewhere in the budget to finance a $450 billion jobs bill along the lines that President Barack Obama is recommending.

The officials who described the rival approaches did so on condition of anonymity, saying they were not authorized to provide details of the committee's confidential discussions. In private, each side also disparaged the other, providing yet another indication that the panel's deliberations have not shown significant progress.

Still, the exchange marked a quickening in the pace of activity by the committee after dozens of hours of closed-door meetings, and senior leaders in both parties are becoming more involved.

The panel of six Republicans and six Democrats has until Nov. 23 to recommend deficit savings of $1.2 trillion. But in fact, most if not all of the decisions must be made by early next month to give the nonpartisan Congressional Budget Office time to render precise estimates on their costs and impact on future deficits.

Whatever the committee recommends must be approved by both houses of Congress in December if lawmakers want to avoid automatic spending cuts of $1.2 trillion across a range of federal programs.

There were signs of Democratic dissension one day after Sen. Max Baucus, D-Mont., outlined a proposal on behalf of his party's negotiators.

According to several officials, he called for $1.3 trillion in increased tax revenue over a decade, and $1.3 trillion in spending cuts. Another $1 trillion in savings would come from the presumed reduction of Pentagon costs in Iraq and Afghanistan and $500 billion more from a reduction in interest costs resulting from declining deficits.

Those savings would be on top of cuts that Congress approved earlier in the year of nearly $1 trillion.

For Democrats on the committee, it appeared that the most contentious of the items would slow the growth of monthly checks to recipients of Social Security and other benefit programs, curtail Medicare spending by $400 billion over a decade and Medicaid by another $75 billion.

Several Democrats said during the day that the presentation had the support of a majority of the six Democrats on the panel, leaving the impression that at least one, and possibly two, of the party's lawmakers had not signed on.

Others suggested that Rep. James Clyburn, D-S.C., a member of the party's leadership, and Rep. Xavier Becerra, D-Calif., had not agreed to support the recommendations.

A spokesman for Clyburn declined comment.

James Gleeson, a spokesman for Becerra, said, "I wouldn't assume he's one way or the other."

By contrast, Republicans appeared to avoid any ideological pitfalls in their counter-offer, pulling well back from a position that House Speaker John Boehner, R-Ohio, took earlier in the year in private talks with Obama.

In those discussions, Boehner and the president discussed legislation to enact tax reform that was assumed to result in economic expansion and increases in tax revenue of $800 billion over a decade.

After the collapse of those talks, Republicans have struggled in the ensuing months to avoid any conflict with Grover Norquist, a prominent conservative activist and author of a pledge not to raise taxes that many GOP lawmakers have signed.

In fact, tax reform has figured prominently in the deficit committee's private discussions, according to officials in both parties, and is viewed as a possible key to an agreement.

Under this theory, if Republicans are willing to agree that additional revenue does not constitute a tax increase, it might entice Democrats to agree to savings from Medicare and other government benefit programs that account for much of the growth in federal spending in recent years.

___

Associated Press writer Andrew Taylor contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/democrats/*http%3A//news.yahoo.com/s/ap/20111026/ap_on_go_co/us_supercommittee_debt

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Residency For Real Estate Investing? | FortuneBuilders

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A newly proposed bill by two Senators would include a provision that would give away US residency visas for foreigners investing in real estate here.

This bill really aims to solve three issues all at once. Firstly, it will appease those seeking more relaxed immigration reforms. Secondly it will encourage more foreign investment in the US and of course lastly it aims to help provide a boost to the housing market.

This sounds like a great move for those in the real estate investing business. However, of course the catch is that investors will have to spend at least $500,000 on US real estate. This can either be all spent on one residence or at least $250,000 on a residence and the rest spread among investment properties. Certainly heavy promotion of this program by the government will surely have more foreigners lining up to purchase properties and get visas. However, it is important to note that there are already similar programs and visas in existence.

Still with foreign buyers accounting for 30% of all purchases in some areas of the country they cannot be ignored as an important and profitable niche for real estate investing companies. According to recent stats foreign buyers spent around $82 billion on real estate investing in US residential properties during the 12 month period ending in March. Though not only is this a huge market to tap into, it is also often a more profitable one for those flipping houses. In fact one California real estate pro has reported receiving at least one full price offer from Chinese buyers on every property she has listed, including one selling for 8% more than was being asked for.

So real estate investing companies should be looking at which countries are most interested in their local markets and finding ways to their properties in front of the foreign buyers quickly.

Source: http://www.fortunebuilders.com/2011/10/27/residency-for-real-estate-investing/

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EU Finance Summit Unlikely to Resolve Debt and Banking Crises ...

Will Europe?s leaders finally deliver the goods when they meet in Brussels this evening? For a year and a half now, they have been trying to solve the financial crisis on their continent with one bailout after another, only to see markets take a turn for the worse. The latest metastasis began in the middle of September, when the debt crisis that began in early 2010 in tiny Greece spread to France, Europe?s No. 2 economy after Germany, following the downgrading of the biggest French banks by Moody?s, the rating agency, for having piled up too much bad debt from Greece and many other countries. In a?frightening echo of the days leading to the 2008 financial collapse, Europe?s biggest banks suddenly faced a freeze in global money flows and stayed in operation only after the?world?s leading central banks, including the U.S. Federal?Reserve, the European Central Bank (ECB), and the Bank of Japan,?jointly intervened with emergency cash lines.

As 27 presidents, prime ministers, and chancellors converge on the European capital, hopes are high for a comprehensive deal, but few are expecting the crisis to be solved once and for all. That?s because the Europeans need to solve four simultaneous crises at once: a government debt crisis on top of the 2008 banking crisis that Europe never resolved, on top of a competitiveness crisis that makes weak Mediterranean countries permanently dependent on loans, on top of a political crisis that makes decision making among the 27 EU member countries all but impossible.

Here?s what details of tonight?plan have emerged and what they?re likely to accomplish:

First, a full?year and a half after Europe?s leaders first went into denial about Greece?s inability to pay back its $500 billion national debt and tried to ?save? the country with ever bigger bailouts, there is now a plan to restructure Greece?s debt just like any other country?s in a debt crisis. There is talk of a 60 percent ?haircut? on Greek government bonds. The problem is that so far it is still ?voluntary,? meaning that many of??Europe?s shaky banks will try to avoid the write-off and keep the bad debt on their books.

Many of Europe?s semi-socialist governments simply do not know how to roll back spending.

A banner featuring a euro coin is seen on the European Commission headquarters building in Brussels on Oct. 26, 2011. , Yves Herman, Reuters / Landov

Second, Europe?s leaders finally admit that something must be done with the continent?s banks.?Europe?s dirty?secret is that its banks have long been even more of a mess than?America?s?they were among the biggest investors in America?s toxic?subprime assets, and then went big time into the now-toxic bonds of?overindebted states; hence the 62 percent plunge in the Euro Stoxx?Financials Index since March, compared with minus-21 percent for the Dow Jones financials.?France, which probably has the shakiest banks of any major European economy, to this day has refused to force them to recapitalize and shrink. The plan, as leaked to the Financial Times today, involves a $140 billion bank bailout (though the IMF and others estimate recapitalization needs to be much higher). But it?s a weak plan, full of vague ?shoulds? and ?oughts? that will likely leave too many loopholes for the banks and their investors to evade forced recapitalization and the absolutely necessary debt-to-equity swaps. The way the bailouts are set up now, they could allow France and others to pass the cost of bank bailouts to Europe?s taxpayers, potentially making the debt crisis worse.

Third, in order to prevent contagion to other overindebted countries, such as Italy and Spain, outlines are emerging for a plan to issue ?bond insurance.? Here?s how it works: a bailout fund, possibly leveraged to as high as 2 trillion euros, would cover the first 20 percent or so of any losses by investors on bonds issued by individual European countries. That plan, first put forward by German financial-sector lobbyists, could end up expensive for taxpayers. Bond insurance makes sense, but the cheaper?and more effective?alternative would be not to cover any first loss on any bond, but provide only a kind of catastrophic risk insurance for the worst defaults. That would put a floor on potential losses?and raise bond prices?at a far lower risk to Europe?s taxpayers, says Achim D?bel, a German bond-market expert who developed the plan.

Fourth, European leaders are trying to show they?re a little more serious about cutting deficits and lowering their debts. Germany and France are leaning on Italy, whose $2.5 trillion national debt is the world?s third highest after America?s and Japan?s, and whose government bonds are stable only because the ECB is massively buying them. After Greece, Italy is another poster child for what?s wrong with the European Union. The moment the ECB started intervening in the markets to support Italian bonds, Prime Minister Silvio Berlusconi backed off on a set of planned reforms that would have started to get Italy?s debt under control. It?s an open secret that Berlin would prefer Berlusconi out and a new government in power to push through a backlog of economic reforms that would allow Italy to regain the confidence of investors. Perhaps taking the hint, Berlusconi today started talking about early elections.

Italy illustrates perfectly the deeper crisis, which the current plans don?t solve. Many of Europe?s semi-socialist governments simply do not know how to roll back spending, and have been even less eager to pass the kinds of market-opening economic reforms that would raise growth and make it easier to pay back debt. France, which together with its wobbly banks is the elephant in the room of the euro crisis, has never passed a serious reform to its pensions, civil service, or employment laws in the last 60 years. Greece, despite the crisis, has barely even begun to privatize or start collecting back taxes. The problem is that once any comprehensive bailout deal is signed, power will shift back to the debtors, as Europe has no mechanism to force a Sarkozy or Berlusconi to reform. The paradox, therefore, is that without the pressure of the current crisis, the much deeper crisis will continue to fester.

Like The Daily Beast on Facebook and follow us on Twitter for updates all day long.

Stefan Theil is Newsweek?s Berlin bureau chief and covers European politics, business, and economics. He has reported from more than 20 countries and written for Foreign Policy, the Financial Times, The New Republic, Frankfurter Allgemeine Zeitung, and Die Welt.

For inquiries, please contact The Daily Beast at editorial@thedailybeast.com.

Source: http://www.thedailybeast.com/articles/2011/10/26/eu-finance-summit-unlikely-to-resolve-debt-and-banking-crises.html

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Feds make slow progress on flood levee inventory (AP)

NEW ORLEANS ? More than six years after Hurricane Katrina's rampage, authorities have taken only halting steps toward identifying weaknesses in a nationwide patchwork of levees intended to protect millions of Americans' lives and property during potentially catastrophic floods.

The U.S. Army Corps of Engineers, accused of building substandard levees and floodwalls that failed when Katrina swamped the Gulf Coast in 2005, has spent $56 million since then developing the initial phase of a national levee inventory as required by Congress. The Corps on Thursday was releasing a database with information about nearly 14,000 miles of levees under its jurisdiction.

But the inventory doesn't include what is believed to be more than 100,000 additional miles of levees not covered by the Corps' safety program. Some are little more than mounds of earth piled up more than a century ago to protect farm fields. Others extend for miles and are made of concrete and steel, with sophisticated pump and drainage systems. They shield homes, businesses and infrastructure such as highways and power plants.

The National Committee on Levee Safety, established after the Katrina disaster to evaluate the system and recommend improvements, issued a report in 2009 calling for the Corps to catalog and inspect every levee so deficiencies could be fixed. But Corps officials say Congress has not provided enough authority or money to add non-federal levees to the database, a massive undertaking that would take years.

"The reality is, we don't know how many levees are out there," said Eric Halpin, the Army Corps' special assistant for dam and levee safety and vice chairman of the levee safety committee. He acknowledged the inventory presently includes only about 10 percent of the likely total.

"I think we've done a great job putting forward a state-of-the-art tool," Halpin said. "It's a first step. It will be much more powerful once we can get all the data in there."

For each levee system, the database will include its location, design and rating following one or more safety inspections.

Inspection ratings from nearly 700 of the roughly 2,000 levee systems under the Corps' jurisdiction have been added to the database thus far, said spokesman Pete Pierce.

Of those, 77 percent had ratings of "minimally acceptable," meaning they have "minor deficiencies" that make the levees less reliable but are not expected to seriously impair their performance. An additional 11.6 percent were rated "unacceptable," or likely to fail during a flood, while 11.3 percent were graded as "acceptable," or without deficiencies.

Experts say the government is moving too slowly to complete the inventory.

"We need to be really candid with the American people," said Sam Riley Medlock, policy counsel for the Association of State Floodplain Managers and a member of the levee safety panel. "This is yet another class of infrastructure that is aging and posing risks and we're going to have to do something about it."

Gerald Galloway, a former Army Corps district engineer and University of Maryland engineering professor, told a Senate committee this month the levee network has "significant" problems and received an overall grade of "D minus" from the American Society of Civil Engineers in 2009. The group estimated that $50 billion worth of improvements was needed over five years.

"So today hundreds of levees, whose integrity is in question, are in place in front of communities and properties with little realistic hope of funding for inspection, repair or upgrade," Galloway said.

Concern about the levees dates to the 1920s and 1930s, when killer floods on the Ohio and Mississippi rivers led Congress to order construction of more levees. Many were designed for the biggest flood likely to strike a particular area within 500 years or even 1,000 years.

But starting in the late 1960s, federal policies have inadvertently encouraged the building of levees according to a less protective standard, the safety committee report said. One required financially strapped local governments to help cover levee building and maintenance costs.

Relatively low death tolls from major floods in recent decades also fed complacency that ended with Hurricanes Katrina and Rita, the report said. Together, they killed more than 1,800 people and caused $200 billion in damages, spurring calls for a nationwide levee inventory and upgrades.

The portion of the inventory developed thus far includes data on about 13,500 of the 14,700 miles of levees covered by the Army Corps' safety program. Data on the rest will be added by the end of the year, officials said. Many of the levees are operated and maintained by the Corps, or were built by the Corps and turned over to local officials.

John Paul Woodley Jr., who served as assistant secretary of the Army for public works during the George W. Bush administration, said the Corps has made good progress on the levee inventory but acknowledged "we're definitely behind where everybody had hoped we'd be."

___

Flesher reported from Traverse City, Mich.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111027/ap_on_re_us/levee_safety

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CJ rues chaotic affair of probes

ISLAMABAD - The Supreme Court on Wednesday constituted a commission to be headed by Justice (Retd) Rehmat Hussain Jafferi to probe the negligence of the authorities concerned in the non-completion of rental power projects which have caused a major loss to the national exchequer.
The court said the officials responsible for the delay in the functioning of RPPs must be held accountable. It also directed that the commission could acquire the services of any expert in probing the matter and the Finance Ministry and all relevant departments would extend support to it and also bear the expenses. The commission would submit its report within four weeks.
A two-member bench headed by Chief Justice Iftikhar Muhammad Chaudhry and comprising Justice Khilji Arif Hussain was hearing the application filed by PML-N leader Khawaja Asif.
The Chief Justice said the court could not shut its eyes to corruption, adding that the cases of the officials involved in the RPPs? corruption would be sent to the National Accountability Bureau (NAB). He said the Federal Investigation Agency (FIA) to whom the corruption cases have been sent is showing no progress and if the court orders action against the relevant officer he is promoted to high rank next day, while an honest and capable officer, who likes to perform his professional duties is transferred to Gilgit-Baltistan.
?Those who should be probed are being appointed secretaries and all the inquiries sent by the court are pending,? Chief Justice remarked.
The Chief Justice remarked that every institution in the country is infested with corruption and there is not even a single institution which could be trusted.
Petitioner Faisal Saleh Hayat, who has become Minister for Housing and Works after the PML-Q joined the PPP-led government about five months ago, informed the court that the Ministry of Water and Power is responsible for the non-completion of the rental power projects owing to which the country faced severe loadshedding. He added the Asian Development Bank has also mentioned this aspect in its report. He said the work on RPPs was intentionally delayed for the sake of kickbacks and the Ministry?s officials presented wrong data to the government and the Cabinet. Kh Tariq Rahim, counsel for Ministry of Water and Power, objected to the appearance of Faisal before the court. He said Faisal should have taken permission from the prime minister before appearing in the court. However, the court dismissed his objection.
Shahid Hamid, who represented the rental power companies, said that morally Faisal should have resigned like Babar Awan and Zulfiqar Mirza before appearing in the court. On this, the federal minister remarked no one should give him sermon on ethics as he was an elected member of the National Assembly for six times and was minister in various governments. Faisal said he knows his oath ?That I will protect the Constitution of Pakistan?.
The PML-Q leader said he has appeared before the bench on the court notice in his personal capacity. He said as he is not fully prepared, therefore, the court adjourned the case for today (Thursday). Earlier, during the course of hearing, Deputy Attorney General Shoaib Shaheen presented the Pepco report on rental power projects. The court after examining the report said the circumstances have come to a point where a file from the minister?s table reaches to secretary?s table in five months.
The Chief Justice said nobody is taking the matter seriously, while the officials? negligence has caused a huge loss to the national exchequer, adding that the nation is suffering due to the bickering of officers. The court observed had the government taken timely steps, the RPPs might have been completed and the people would not have become victim of loadshedding.
Kh Asif informed the court that due to government?s negligence the RPPs could not be completed so far. Had the RPPs been completed, the electricity would have been cheaper.
He said that Nandipur and Chicho Ki Malian Rental Power Projects were expected to produce 975 MW and for that Rs 6 billion were paid to a Chinese company in advance. The Nandipur machinery is lying at the seaport since April 2010, while the machinery for other RPPs was not imported so far. The court has directed to start work on these two projects.
The Chief Justice said the court would seek the opinion of the experts and after that the cases would be sent to NAB. On this, Kh Asif said the PML-N has challenged the appointment of NAB chairman therefore these cases should be sent to Public Accounts Committee. The CJP said they are unaware whether they have authority of it or not? He further said the Federal Ombudsman post is lying vacant, while the FIA not performing its duties, and if the appointment of the NAB chief is also challenged then where the court could send corruption cases?

Source: http://feedproxy.google.com/~r/pakistan-news-newspaper-daily-english-online/today-headlines/~3/Gsc4E7WOCa4/CJ-rues-chaotic-affair-of-probes

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Cigarette maker Lorillard 3Q profit falls (AP)

RICHMOND, Va. ? Cigarette maker Lorillard Inc.'s net income fell nearly 3 percent in the third quarter as higher costs offset selling more cigarettes at higher prices.

Earnings and revenue both fell short of expectations. Lorillard's stock fell nearly 5 percent in morning trading Monday.

The nation's third-biggest tobacco company and maker of Newport cigarettes said Monday it earned $267 million, or $1.94 per share, for the period ended Sept. 30, down from $274 million, or $1.81 per share, a year ago. The per-share figure was boosted by a lower number of shares outstanding.

Higher costs for promoting its non-menthol Newport cigarettes, introduced last November, Food and Drug Administration user fees, and other settlement costs dragged down its net income.

Lorillard, based in Greensboro, N.C., said revenue excluding excises taxes rose 4 percent to $1.11 billion.

Analysts polled by FactSet expected earnings of $2.03 per share on revenue of $1.14 billion. Lorillard's shares fell $5.68, or 4.9 percent, to $109.96 in morning trading.

General expenses increased $7 million in the quarter to $108 million, while its gross profit as a percentage of sales fell to 34.7 percent from 36.1 percent. It also experienced in increase in interest expenses of $5 million.

Lorillard Inc., based in Greensboro, N.C., sold about 3 percent more cigarettes on gains of 2.5 percent from Newport and 7 percent from its low-priced Maverick brand, while it estimates the industry as a whole sold 6.4 percent fewer cigarettes during the quarter.

U.S. tobacco companies cautioned last quarter that third-quarter cigarette volume comparisons and profitability would be hurt because wholesalers stocked up more than usual in that period last year. Lorillard said that adjusted for those changes, its cigarette shipments increased 7 percent during the quarter.

Lorillard's quarter "played out just as we expected," CEO Murray Kessler said in a conference call with investors. He said performance during the quarter was "masked by a significant comparative reduction" in inventory.

"Given the difficult macroeconomic environment that continued during the third quarter, we were happy to see such a strong performance on our premium brand," Kessler said. "From a consumer standpoint, we feel very bullish."

While many investors will focus on slowing volume growth in the quarter, Citi Investment Research's Vivien Azer said in a client note, "We are more focused on the underlying fundamentals of the business which look quite good to us."

High unemployment and rising cigarette prices and taxes have caused many smokers to smoke less and trade down to cheaper brands during the recession in a bid to save money. Lorillard's Maverick and Reynolds American Inc.'s Pall Mall have been among the beneficiaries.

Most tobacco companies have been raising prices and cutting costs to keep profits up as the recession and declining demand cut into cigarette sales. Tax increases, smoking bans, health concerns and social stigma also have made the cigarette business tougher.

Lorillard's retail market share increased 1.3 points during the quarter to 14.2 percent of the U.S. market. Newport's share of the menthol market grew slightly to 36.1 percent, while its top competitors have ramped up efforts to grab some of the growing menthol market.

The company said it repurchased 4 million shares during the quarter at a cost of $438 million.

Lorillard, the oldest continuously operating U.S. tobacco company, spun off from Loews Corp. in 2008.

It is the first of the country's top tobacco companies to report third-quarter results. No. 2 cigarette maker Reynolds American Inc. reports Tuesday and No. 1 Altria Group Inc. on Thursday.

___

Michael Felberbaum can be reached at http://www.twitter.com/MLFelberbaum.

Source: http://us.rd.yahoo.com/dailynews/rss/earnings/*http%3A//news.yahoo.com/s/ap/20111024/ap_on_bi_ge/us_earns_lorillard

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Japan sounds intervention alarm on strong yen (Reuters)

TOKYO (Reuters) ? Japan's finance minister put traders on alert for possible currency intervention on Monday as the yen's rise to a record high against the dollar threatened to further squeeze exporters' profits and hold back economic recovery.

Japan's export growth showed signs of resilience, slowing less than expected in September, finance ministry data showed, but economists warn that persistent yen strength and Europe's sovereign debt woes pose increasing risks to external demand.

The Bank of Japan, which meets on Thursday, will probably cut its economic forecasts because of slowing global growth but keep monetary policy unchanged unless disappointment over Europe's plans to solve its crisis roils markets.

Even if the BOJ keeps policy unchanged this week, Japan's government and central bank may not be able to hold off from taking action much longer as safe-haven flows keep the yen stubbornly high against the U.S. currency.

"The dollar/yen rate fell sharply, to between 75 and 76 yen, in a short time. This is an utterly speculative move and not reflecting the economic fundamentals at all. This is regrettable," Finance Minister Jun Azumi told reporters.

"If this move becomes excessive, we have to take decisive action. I already instructed my staff on Saturday to be prepared to take action."

Azumi added that the strong yen would have a major impact on Japan's export sector, especially the auto industry, and could dent the country's economic recovery from a slump triggered by the March 11 earthquake and tsunami.

Azumi spoke after the dollar hit a record low of 75.78 yen on trading platform EBS on Friday. That surpassed its previous record low of 75.94 yen in August and brought back into focus the possibility of intervention to weaken the Japanese currency.

The dollar rose slightly after Azumi's remark but later ceded ground to trade around 76.25 yen.

Japan's biggest business lobby echoed Azumi's concern about exports and on Monday urged intervention by the authorities even if they have to go it alone.

"I would like to see firm action by Japan, including steps such as intervention on its own," Nippon Keidanren Chairman Hiromasa Yonekura said at a news conference.

UNILATERAL INTERVENTION

Analysts do not rule out intervention, most likely unilateral, if the yen continues to rise.

"Japan may intervene in the currency market if dollar/yen stays below 76 or falls below 75. Unless it intervenes, the yen may continue to rise and verbal warnings alone may not be able to reverse that trend," said Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute.

Traders in Tokyo, however, were skeptical whether the latest market action would serve as a trigger for intervention, citing a broad sell-off in the dollar as the main driver and data showing that margin traders have recently built up long dollar/yen positions.

Since September of last year, the government has intervened twice on its own and once jointly with other Group of Seven rich nations to weaken the yen, but the effects of intervention have proved short-lived.

The government needs to be ready to respond if the pace of speculative currency move picks up, Vice Finance Minister Fumihiko Igarashi warned.

Japan's exports rose 2.4 percent in September from a year earlier, boosted by shipments of cars and car parts. That compared with a median forecast for a 1.0 percent increase, and followed a 2.8 percent climb in the year to August.

Imports increased 12.1 percent in September, against a forecast of a 12.6 percent rise.

The trade balance turned to a surplus of 300.4 billion yen ($3.95 billion) following the previous month's deficit. That compared with a median forecast of a 198.8 billion yen surplus.

Exports to Asia, which account for more than half of Japan's total exports, edged up 0.2 percent from a year earlier, with China taking in 2.7 percent more Japanese goods than a year ago, while exports to the United States were up 0.4 percent.

The Japanese economy probably rebounded in the third quarter from the damage caused by the March 11 disaster but is expected to slow to a crawl in the final quarter due to an intensifying euro-zone debt crisis that threatens to drag down the world economy, a Reuters poll shows.

Euro zone leaders are striving to agree on new steps to reduce Greece's debt, strengthen the capital of banks with exposure to troubled euro zone sovereigns and leverage the euro zone's rescue fund to stem contagion to bigger economies.

($1=76.13 yen)

(Editing by Tomasz Janowski and Neil Fullick)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111024/bs_nm/us_japan_economy

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Will Ferrell wins nation's top humor prize in DC (AP)

WASHINGTON ? The "Saturday Night Live" star who perfected his character as "President George W. Bush" and later took his presidential act to Broadway is receiving the nation's top humor prize Sunday night in Washington.

As Will Ferrell receives the Mark Twain Prize for American Humor at the Kennedy Center for the Performing Arts, Jack Black, Conan O'Brien, Larry King and the rock band Green Day will offer tributes and performances in his honor. They will be joined by Maya Rudolph, Molly Shannon and Lorne Michaels from Ferrell's "SNL" days. The show will be taped for broadcast Oct. 31 on PBS stations nationwide.

When the award was announced in May, Ferrell said he would begin "cultivating a Mark Twain-esque mustache" for the event. He was spotted Friday in the White House press briefing room ahead of Sunday night's ceremony, though there was no word on the state of his mustache.

Earlier this year, Ferrell told The Associated Press why he wanted to be funny.

"The closest I can analyze it is that it was an easy way to make friends, I found out," he said. "It was just a great kind of social tool."

Ferrell is the son of a teacher and Roy Lee Ferrell, a guitarist for the Righteous Brothers. He grew up in Irvine, Calif., went to college at the University of Southern California and got his start in comedy with the Los Angeles improv group, The Groundlings.

That's where he was discovered by "SNL." He starred for seven seasons on the NBC series, with memorable characters that included "Craig the Spartan Cheerleader," a middle school music teacher named "Marty Culp" and impressions of Janet Reno, Alex Trebek and Neil Diamond.

Ferrell went on to make some outlandish movies including "Anchorman: The Legend of Ron Burgundy," "Talladega Nights: The Ballad of Ricky Bobby" and "Old School," to name a few. More recently he has tried his hand at drama with this year's independent film "Everything Must Go." He has also made a Spanish-language comedy, "Casa de Mi Padre."

Ferrell told the AP he has tried different avenues as movie studio budgets tightened. He opted for projects with smaller budgets but more creative freedom.

In 2009, Ferrell revived his Bush character with a one-man Broadway show "You're Welcome America. A Final Night with George W. Bush," which was nominated for a Tony Award. He later performed the show live on HBO.

Longtime collaborator Adam McKay and Ferrell also took their comedy to the Internet with the 2007 creation of the popular video website FunnyorDie.com. Since then, it has drawn an audience of millions for its original Web programming.

Thirteen other people have won the Mark Twain Prize since 1998, including Tina Fey, Bill Cosby, Steve Martin and Whoopi Goldberg. It recognizes people who have followed the tradition of Samuel Clemens, the writer known as Mark Twain who used social commentary and satire to have an impact on society.

___

Follow Brett Zongker on Twitter at http://twitter.com/DCArtBeat

Source: http://us.rd.yahoo.com/dailynews/rss/music/*http%3A//news.yahoo.com/s/ap/20111023/ap_en_mu/us_humor_prize_ferrell

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Congress to probe listeria outbreak in cantaloupes (Reuters)

WASHINGTON (Reuters) ? Lawmakers in the House of Representatives plan to investigate what caused a deadly food poisoning outbreak in cantaloupes from a Colorado farm.

The bipartisan group of lawmakers on the House Energy and Commerce committee wrote to Ryan and Eric Jensen, who own Jensen Farms, asking them to brief committee staff and preserve documents related to the outbreak of listeria, which has killed 25 people and made 123 ill.

Unsanitary conditions at the farm's packing plant probably contributed to the outbreak, the U.S. Food and Drug Administration has said.

The committee also wants to hear from the FDA and the Centers for Disease Control and Prevention about what could be done to prevent future outbreaks, the lawmakers said in a letter on Friday.

Listeria monocytogenes is a frequent cause of U.S. food recalls in processed meats and cheeses, but contamination in fresh produce is a new development.

The elderly, pregnant women and people with weakened immune systems are most at risk. Symptoms include fever and muscle aches, sometimes preceded by diarrhea and other gastric problems.

The illness has a long incubation period, with symptoms sometimes not showing up until two months after people consume listeria-contaminated foods.

(Reporting by Roberta Rampton; Editing by Lisa Von Ahn)

Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//news.yahoo.com/s/nm/20111021/us_nm/us_usa_listeria_congress

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For Republicans, Saying Goodbye to Iraq Is Hard to Do (The Atlantic Wire)

Eight years into a grueling, dispiriting conflict that has torn a nation asunder, with countrymen attacking countrymen as traitors, the end seems almost incomprehensible. War used to be so much simpler in American politics. Back in 2004, there were the good guys (i.e. Republicans who wanted to invade Iraq, aided at first by cowering Democrats who would go on to make it their signature electoral issue) and then the bad guys (anyone who opposed the Iraq war.) But when President Obama announced Friday that all U.S. troops would?come home from Iraq by the holidays, Republicans were not sure where to stand.

Related: Debate Liveblog: Romney, Perry Attack Each Other

Mitt Romney the leading "serious" Republican candidate for the nomination blasted the decision. He?condemned Obama's announcement that all troops in Iraq would be home for the holidays this year,?calling?it either "naked political calculation or simple sheer ineptitude."?His?fierce press release continues, "President Obama?s astonishing failure to secure an orderly transition in Iraq has unnecessarily put at risk the victories that were won through the blood and sacrifice of thousands of American men and women." Of course, just last June, he was running on a peace platform, saying in a?debate,?"Our troops shouldn't go off and try and fight a war of independence for another nation." Of course, that was about Afghanistan, which was the good war,?until it became the bad war when it looked like we weren't winning.?

Related: Liveblog: The Third Republican Primary Debate

?

"We must never forget the sacrifice of those who?ve served and all who will soon be making the journey home. And we owe it to them to continue engaging with the Iraqi government in a way that ensures our hard-fought gains translate into long-term success. While I?m concerned that a full withdrawal could jeopardize those gains, I?m hopeful that both countries will work together to guarantee that a free and democratic Iraq remains a strong and stable partner for the United States in the Middle East."

"I remain concerned that this full withdrawal of US forces will make that road tougher than it needs to be. Multiple experts have testified before my committee that the Iraqis still lack important capacities in their ability to maintain their internal stability and territorial integrity. These shortcomings could reverse the decade of hard work and sacrifice both countries have endured to build a free Iraq."

?

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/atlantic/20111021/pl_atlantic/republicansandiraqsayinggoodbyeharddo43997

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Senate expected to vote on portion of jobs bill (CNN)

Share With Friends: | | Politics - Top Stories Stories, News Feeds and News via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/151155352?client_source=feed&format=rss

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Google Privates, Golf Cams, and Other Stories We Didn't Post [Video]

So much news passes before our collective eyes every day that we couldn't possibly cover it all. Mostly because much of it isn't worth covering! But here are a some borderline tidbits we passed on, just in case. More »

Source: http://feeds.gawker.com/~r/gizmodo/full/~3/rLzh2UFfGH8/

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PFT: Lions' Harrison has brain tumor

Getty Images

We?re taking a longer look at each team during their bye week. ?The 4-2 first place Giants are up.

The New Favorites

My preseason pick of the Giants as NFC East champs doesn?t look too crazy now. New York is the slight favorite in a wide open division because 1) They are ahead. 2) They don?t have RexJohn Beckman as their quarterback. 3) They have reason to believe they?ll get better.

The margin for error is slim. They are slight favorites, capable of winning (and losing) to anyone.

Reinforcements coming

The Giants started the season with a brand new offensive line. They?ve played without Pro Bowler guard Chris Snee at times. That group should continue to improve the more it plays together.

On defense, the front seven hasn?t had all its pass rushers together at the same time. Justin Tuck should be back after the bye. Osi Umenyiora has been solid since his return. ?The team also hopes to get first round pick cornerback Prince Amukamara back after the bye. He?ll add depth to a weak spot for New York.

Pass rush potential

I picked the Giants on one theory: They had enough offensive talent and no one could match their quantity of pass rushers. They lead the NFL in sacks. When Tuck is healthy, it will be tough to block him, Osi Umenyiora (5 sacks in three games), Jason Pierre-Paul (7 sacks), Mathias Kiwanuka, and Chris Canty.

Pierre-Paul should make the Pro Bowl this year. The defense hasn?t been great overall, but the pass rush gives this team an edge.

Giants Football means something different

Eli Manning is quietly having a nice season. He?s third in the league in yards-per-attempt. Victor Cruz has ably stepped up as a playmaker. Jake Ballard is doing a solid job at tight end. Throw in Hakeem Nicks and Mario Manningham, and it?s clear this is a passing team.

New York is 31st in yards-per-carry. ?This team is going to win by throwing.

Schedule is brutal

The Giants get the Dolphins coming out of the bye. That should get them to 5-2, but then they face as tough a schedule as any team in the league: @ NE, @ SF, PHI, @NO, GB, @ DAL. ? Yikes. It doesn?t even ease up in the final three much. ?(WAS, @NYJ, DAL).

The second place schedule was a disadvantage this year because they got the Saints and Packers. The rest of the NFC East has a tough schedule too. My guess is only one NFC East team gets in.

Source: http://profootballtalk.nbcsports.com/2011/10/20/jerome-harrison-has-brain-tumor/related/

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How Michelle Obama Tries to Make a Normal Life for Her Kids

"They're terrific girls," she says of daughters Malia, 13, and Sasha, 10. "They're poised, and they're kind, and they're curious ? But you have to carve out space and hold it sacred for them."

Source: http://feeds.celebritybabies.com/~r/celebrity-babies/~3/_crkiJwlxmg/

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Heart disease linked to evolutionary changes that may have protected early mammals from trauma

ScienceDaily (Oct. 18, 2011) ? Can a bird have a heart attack? A new study by researchers at the Perelman School of Medicine at the University of Pennsylvania suggests that cardiovascular disease may be an unfortunate consequence of mammalian evolution. The study, published in a recent issue of the journal Blood, demonstrates that the same features of blood platelets that may have provided an evolutionary advantage to early mammals now predispose humans to cardiovascular disease.

"The biology of platelets has been studied in great detail in the context of human disease, but almost nothing is known about why mammals have platelets, whereas no other species do," said lead study author Alec A. Schmaier, PhD, an MD/PhD student in the lab of Mark Kahn, MD, professor of Medicine at Penn. "This new line of research suggests that platelets could have allowed mammals to better survive traumatic injury by being able to form cellular clots in arterial blood vessels. The price for this evolutionary change may be modern cardiovascular diseases."

Platelets are small circulating cells that have no nucleus and form clots at sites of vessel injury. Platelets are required to prevent excessive bleeding following traumatic injury, but they also form clots at sites of atherosclerotic plaques in the blood vessels that lead to stroke and heart attack. Drugs that inhibit the function of platelets, including aspirin and clopidogrel, are the main weapons for treating heart attack and stroke.

Despite being a vital element of the blood clotting system, platelets are only found in mammals, whereas all non-mammalian vertebrates, including birds, have thrombocytes. About twice the diameter of platelets, thrombocytes contain a nucleus. Studies performed in the 1970s suggested they have a clotting function similar to platelets, but extensive studies of thrombocytes using modern experimental techniques have not been performed.

The research team focused their study on birds (compared to fish or reptiles for example) because birds and mammals both have a high pressure arterial system. Birds in fact have higher cardiac output and blood pressures than mammals do. Therefore, the challenge for hemostasis, i.e. blood clotting after vessel injury or trauma, should be similar between a mammal and a bird. However, in the present study, using molecular and physiologic techniques, the Penn researchers discovered that avian thrombocytes express most of the same proteins as platelets, with two key exceptions: thrombocytes express a significantly lower level of one essential platelet protein (the fibrinogen receptor) and are completely deficient in another (the adenosine diphosphate receptor) that function in a pathway required to form occlusive clots in the arterial system and are the primary targets of anti-platelet medications. In collagen flow-chamber experiments, the research team found that thrombocytes could not form 3-dimensional aggregates under high-flow conditions, a key step in the pathogenesis of stroke and heart attack.

Collaborative studies with colleagues at Penn's School of Veterinary Medicine, Karen Rosenthal, DVM, MS, and Jeff Runge, DVM, and Tim Stalker, in Department of Medicine -Hematology/Oncology, at the Perelman School of Medicine, next compared the ability of platelets and thrombocytes to form intra-vascular clots in mice and similarly sized parakeets. The mice, but not the birds, developed clots that prevented blood flow after arterial injury due to the ability of platelets, but not thrombocytes, to stick to each other under high flow conditions.

Although the researchers caution that this prediction cannot be tested in all contexts, the finding that equivalent degrees of arterial vessel wall injury in vessels of similar size and equal hemodynamic forces result in the occlusion in mammals but not in birds is consistent with the hypothesis that platelets mediate a more efficient clotting response than thrombocytes.

Dr. Kahn, the study's senior author, concluded, "Although the reason for platelet evolution in mammals can never be known with certainty, it is tempting to speculate that platelets may have allowed early mammals to better survive trauma and thereby provided a survival advantage."

The research was supported by National Institute of Health and by an American Heart Association (AHA) postdoctoral fellowship.

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---

Story Source:

The above story is reprinted (with editorial adaptations by ScienceDaily staff) from materials provided by Perelman School of Medicine at the University of Pennsylvania.

---

Journal Reference:

1. A. A. Schmaier, T. J. Stalker, J. J. Runge, D. Lee, C. Nagaswami, P. Mericko, M. Chen, S. Cliche, C. Gariepy, L. F. Brass, D. A. Hammer, J. W. Weisel, K. Rosenthal, M. L. Kahn. Occlusive thrombi arise in mammals but not birds in response to arterial injury: evolutionary insight into human cardiovascular disease. Blood, 2011; 118 (13): 3661 DOI: 10.1182/blood-2011-02-338244

Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://www.sciencedaily.com/releases/2011/10/111018211341.htm

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Crews again halt oil pumping from New Zealand ship (AP)

WELLINGTON, New Zealand ? Crews have again halted attempts to pump oil from a stricken ship off the New Zealand coast as the weather worsens.

Salvage crews managed to remove about 100 tons of oil from the vessel Rena over about 29 hours before deciding late Monday that conditions were too dangerous to continue. Crews managed to remove about 11 tons in a previous attempt.

The Greek-owned ship, which became grounded on the Astrolabe reef near Tauranga on Oct. 5, was being battered by swells of up to 13 feet (4 meters) Tuesday. Experts and officials are bracing for the cargo ship to fall apart or sink at any time.

An estimated 1,400 tons of oil remains on board, while about 350 tons has already leaked into the sea near the coast, leading officials to describe it as the country's worst maritime environmental disaster.

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/ap/20111017/ap_on_re_as/as_new_zealand_grounded_ship

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Yahoo Q3 revenue, profit slip (Reuters)

SAN FRANCISCO (Reuters) ? Yahoo Inc's net revenue and profit slipped in the third quarter, as the Internet company struggled to revive its online advertising business.

Yahoo shares were up roughly 3 percent at $15.98 in after hours trading on Tuesday.

Profit in Yahoo's third-quarter, the last quarter under Chief Executive Carol Bartz, who was fired in September, totaled $293 million, or 23 cents per share. In the year-ago period, Yahoo posted net income of $396 million, or $29 per share.

It was not immediately clear whether Yahoo's third-quarter EPS was comparable with the 17 cents a share expected by analysts polled by Thomson Reuters I/B/E/S.

Yahoo's net revenue -- which excludes fees paid to partner websites -- was $1.07 billion, compared with $1.12 billion at this time last year, and in line with Wall Street expectations.

Looking ahead, Yahoo projected fourth-quarter net revenue of $1.125 billion to $1.235 billion, compared with $1.22 billion expected by analysts.

Yahoo, which has appointed Finance Chief Tim Morse as interim CEO, has retained investment banking firm Allen & Co to help it conduct a "strategic review" of its business.

(Reporting by Alexei Oreskovic; editing by Andre Grenon)

Source: http://us.rd.yahoo.com/dailynews/rss/internet/*http%3A//news.yahoo.com/s/nm/20111018/wr_nm/us_yahoo

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Heavy rains kill at least 79 in Central America (AP)

SAN SALVADOR, El Salvador ? Central American authorities say at least 79 people have died in seven days of heavy rains that caused landslides, floods and bridge failures throughout the region.

Authorities said Monday nine others are missing.

El Salvador's director of civil protection, Jorge Melendez, says rain will continue at least until Wednesday due to the presence of two low pressure systems in the area.

He says the amount of rain water of the last seven days exceeds the cumulative records of hurricane Mitch, which devastated the region in 1998.

The rains have affected about 250,000 people, thousands of them staying in shelters.

Source: http://us.rd.yahoo.com/dailynews/rss/weather/*http%3A//news.yahoo.com/s/ap/20111017/ap_on_re_la_am_ca/lt_salvador_central_america_rains

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Toshiba Satellite P755-S5269

The Toshiba Satellite P755-S5269 ($979.99 list at Office Depot) is a 15-inch desktop replacement laptop that offers quad-core processing and gaming level graphics processing. It may not be as slim and light as some competing desktop replacements, but if you want a laptop for gaming, video and photo editing, and unbeatable quad-core processing power, the Satellite P755-S5269 is a strong choice.

Design
The P755-S5269 has a dark gray finish (Toshiba calls this color "platinum") with an added texture to it that feels far more luxurious to the touch than plastic designs usually do. It measures 1.4-by-15-by-9.8 inches (HWD), but for its added thickness, it keeps things light with a plastic chassis. It weighs in at 5.8 pounds, which is lighter than the 6-pound Lenovo IdeaPad Y570 ($849.99 direct, 3.5 stars), but heavier than the 5.5-pound Dell XPS 15z (Microsoft) ($999 direct, 4 stars). Because of this plastic construction, the Toshiba Satellite does flex a good deal more than its more sturdy competitors.

The P755-S5269's 15.6-inch display has a 1366-by-768 resolution and is large enough to watch DVDs or multitask with two windows side by side. Just below the widescreen display you will find two Harman/Kardon speakers. Paired with Dolby Advanced Audio and Wave MaxxAudio 3 software sound enhancements, these speakers provide a rich sound quality that stays consistent at high and low volumes. The only issue I found while shuffling through my Pandora stations was the lack of bass.

There is a full-sized chiclet-style keyboard, and an adjacent numeric keypad. The glossy-finish on the keys may be a bit slick for some users, but the inclusion of an LED backlight means that you can use the laptop comfortably even in low-light situations. The multitouch trackpad offers gesture control and separate mouse buttons, and the touchpad itself has a smoother matte finish, but I caught myself wishing that it offered the same luxurious feel of the laptop's lid.

Features
The P755-S5269 offers a fairly rich feature set, with one USB 3.0 port and three USB 2.0 ports, as well as a case-lock slot to physically secure the laptop. Toshiba's Sleep-and-Charge utility lets you power up cell-phones and MP3 players through one of the USB 2.0 ports, even when the laptop is in sleep mode. Sleep-and-Music lets you play audio from your MP3 player through the laptop's speakers, even when the laptop is powered down.

The laptop's VGA and HDMI outputs let you connect to an external monitor, HDTV, or projector with a single cable. If you want to ditch the cables altogether, you can pick up a Netgear Push2TV adapter (a $99 purchase) and use the integrated WiDi 2.0 technology to stream your HD content wirelessly to any HDTV. You can also get online via an Ethernet wired connection or 802.11n Wi-Fi. A DVD optical drive provides read and burn capability for CDs and DVDs. The 750GB 5,400rpm drive is the same capacity and speed as the hard drive found in the HP Pavilion dv6-6170us ($1,049.99 list, 4 stars), and it's larger than the 640GB drive found in the Acer Aspire AS5750-9851 ($829.99 list, 3 stars).

On the hard drive, you'll find a few pre-installed programs like Microsoft Office Starter 2010, and a 30-day trial of Norton Internet Security, and dedicated website links on the desktop to services like Amazon and Skype. While not a particularly egregious load of software, you will also find a large selection of programs and utilities bearing the Toshiba brand name. These include Toshiba's proprietary App and eBook stores, and utilities like hard drive protection.

Toshiba covers the P755-S5269 with a one-year warranty on parts and labor, but also covers the battery with a one-year warranty. Buyers wanting more peace of mind may want to take advantage of Office Depot's several extended protection and service plans. Their basic two-year protection plan ($169.99) extends this warranty for another year, and includes 24/7 tech support. Adding premium coverage for drops and spills, and extending battery coverage for a second year costs $259.99, and a four-year plan, offering all of the same warranty and accident coverage, including 24/7 tech support, can be had for $349.99.

Performance
Toshiba has equipped the P755-S5269 with a 2GHz Intel Core i7-2630QM, a quad-core processor that easily trounces the dual-core processors found in the Editors' Choice Dell XPS 15z and Lenovo Y570. The Core i7-2630QM is the same processor found in the top rated HP dv6-6170us, Acer AS5750-9851, and Asus K53SV-B1 ($990 street, 3.5 stars). In terms of raw processing power the P755-S5269 is on par with these quad-core laptops, and easily surpasses the dual-core Dell XPS 15z and Lenovo Y570. The P755-S5269 completed Handbrake right alongside the HP dv6-6170us (1 minute 36 seconds), and completed Photoshop CS5 in 3:54, only two seconds behind the HP dv6-6170us (3:52). The Dell XPS 15z, on the other hand, was left behind by a significant 39 seconds (Handbrake 2:02, Photoshop CS5 4:33). The same results were seen in CineBench R11.5, where the Toshiba scored 4.79 points, a hair behind the HP dv6-6170us (4.98), but well ahead of the Dell XPS 15z (2.53).

You'll also find that the P755-S5269 offers the kind of graphics performance that will satisfy gamers, thanks to an Nvidia GeForce GT 540M discrete graphics card. With 3DMark 06 scores of 10,092 at medium resolution and detail settings and 7,223 at higher detail settings and native resolution, the GPU will support any graphics-intensive program, including some pretty serious games. It pumped out 59.2 frames per second (fps) in Crysis (DirectX 10) at medium resolution, and 39.9 fps in Lost Planet 2 (DirectX 9), performing slightly better than the Dell XPS 15z (52.3fps in Crysis; 36.4fps in Lost Planet 2) and matching the Asus K53SV-B1 (59.2fps in Crysis; 40.3 fps in Lost Planet 2). The GeForce GT 540M also has Optimus, Nvidia's automatic graphics switching technology, which alternates between the high-performance graphics card for gaming and other graphics-intensive tasks, and the integrated graphics chip for more efficient power use.

That sort of battery efficiency led to fairly good results in our battery life tests. In MobileMark 2007, the 6-cell 48Wh battery of the P755-S5269 lasted 5 hours 7 minutes. Given the hardware being used, this isn't a bad score?the Asus K53SV-B1 only lasted 4:15 with a similar 48Wh battery?but it's a little shorter than the HP dv6-6170us (6:16 with a 55Wh battery) and Dell XPS 15z (7:13 with a 64Wh battery).

The P755-S5269 comes in at the same price as the Editors' Choice Dell XPS 15z. And while it may not offer all the premium touches of the Dell, like an aluminum chassis and longer battery life, the Toshiba does offer slightly better graphics and superior processing with its quad-core processor. If power isn't a priority and you want the more polished option, definitely go with the Dell XPS 15z. If you want more horsepower for gaming, multimedia editing and productive tasks, then the Toshiba Satellite P755-S5269 is definitely the way to go.

BENCHMARK TEST RESULTS:

COMPARISON TABLE
Compare the Toshiba Satellite P755-S5269 with several other laptops side by side.

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