TORONTO (Reuters) – Canada‘s main stock index slipped to a two-month low on Tuesday, dragged down by resource and financial shares, as investors fixated on fears of a fiscal crisis in the United States and economic turmoil in Europe.
The Toronto Stock Exchange‘s S&P/TSX composite index <.GSPTSE> unofficially closed down 56.80 points, or 0.47 percent, at 12,134.66.
(Reporting by Claire Sibonney; Editing by Jeffrey Hodgson)
Economy News Headlines – Yahoo! News
PERTH, Australia (AP) — In a new twist to the Gen. David Petraeus sex scandal, the Pentagon said Tuesday that the top American commander in Afghanistan, Gen. John Allen, is under investigation for alleged “inappropriate communications” with a woman who is said to have received threatening emails from Paula Broadwell, the woman with whom Petraeus had an extramarital affair.
Defense Secretary Leon Panetta said in a written statement issued to reporters aboard his aircraft, en route from Honolulu to Perth, Australia, that the FBI referred the matter to the Pentagon on Sunday.
Panetta said that he ordered a Pentagon investigation of Allen on Monday.
A senior defense official traveling with Panetta said Allen’s communications were with Jill Kelley, who has been described as an unpaid social liaison at MacDill Air Force Base, Fla., which is headquarters to the U.S. Central Command. She is not a U.S. government employee.
Kelley is said to have received threatening emails from Broadwell, who is Petraeus’ biographer and who had an extramarital affair with Petraeus that reportedly began after he became CIA director in September 2011.
Petraeus resigned as CIA director on Friday.
Allen, a four-star Marine general, succeeded Petraeus as the top American commander in Afghanistan in July 2011.
The senior official, who discussed the matter only on condition of anonymity because it is under investigation, said Panetta believed it was prudent to launch a Pentagon investigation, although the official would not explain the nature of Allen’s problematic communications.
The official said 20,000 to 30,000 pages of emails and other documents from Allen’s communications with Kelley between 2010 and 2012 are under review. He would not say whether they involved sexual matters or whether they are thought to include unauthorized disclosures of classified information. He said he did not know whether Petraeus is mentioned in the emails.
“Gen. Allen disputes that he has engaged in any wrongdoing in this matter,” the official said. He said Allen currently is in Washington.
Panetta said that while the matter is being investigated by the Defense Department Inspector General, Allen will remain in his post as commander of the International Security Assistance Force, based in Kabul. He praised Allen as having been instrumental in making progress in the war.
The FBI’s decision to refer the Allen matter to the Pentagon rather than keep it itself, combined with Panetta’s decision to allow Allen to continue as Afghanistan commander without a suspension, suggested strongly that officials viewed whatever happened as a possible infraction of military rules rather than a violation of federal criminal law.
Allen was Deputy Commander of Central Command, based in Tampa, prior to taking over in Afghanistan. He also is a veteran of the Iraq war.
In the meantime, Panetta said, Allen’s nomination to be the next commander of U.S. European Command and the commander of NATO forces in Europe has been put on hold “until the relevant facts are determined.” He had been expected to take that new post in early 2013, if confirmed by the Senate, as had been widely expected.
Panetta said President Barack Obama was consulted and agreed that Allen’s nomination should be put on hold. Allen was to testify at his confirmation hearing before the Senate Armed Services Committee on Thursday. Panetta said he asked committee leaders to delay that hearing.
NATO officials had no comment about the delay in Allen’s appointment.
“We have seen Secretary Panetta‘s statement,” NATO spokeswoman Carmen Romero said in Brussels. “It is a U.S. investigation.”
Panetta also said he wants the Senate Armed Services Committee to act promptly on Obama’s nomination of Gen. Joseph Dunford to succeed Allen as commander in Afghanistan. That nomination was made several weeks ago. Dunford’s hearing is also scheduled for Thursday.
___
Associated Press writer Slobodan Lekic in Kabul, Afghanistan, contributed to this report.
Asia News Headlines – Yahoo! News
WASHINGTON (Reuters) – The Pentagon‘s No. 1 supplier, Lockheed Martin Corp, on Monday cited dramatic growth in the number and sophistication of international cyber attacks on its networks and said it was contacting suppliers to help them shore up their security.
Chandra McMahon, Lockheed vice president and chief information security officer, said about 20 percent of the threats directed at Lockheed networks were considered “advanced persistent threats,” prolonged and targeted attacks by a nation state or other group trying to steal data or harm operations.
“The number of campaigns has increased dramatically over the last several years,” McMahon told a news conference. “The pace has picked up.”
She said the tactics and techniques were becoming increasingly sophisticated, and attackers were clearly targeting Lockheed suppliers to gain access to information since the company had fortified its own networks.
U.S. officials have stepped up their warnings about cyber attacks on U.S. banks and other institutions in recent months, warning that attackers are developing the ability to strike U.S. power grids and government systems.
Lockheed officials declined to say if any of the attacks they had seen originated in Iran, which has been linked to recent denial-of-service attacks against U.S. financial institutions.
Rohan Amin, Lockheed program director for the Pentagon’s Cyber Crime Center (DC3), said internal analysis showed that the number of campaigns had clearly grown, and multiple campaigns were often linked.
Lockheed recently wrested a $ 450 million contract to run the military cyber center away from long-time holder General Dynamics Corp.
“HUGE PROBLEM”
As the top information technology provider to the U.S. government, Lockheed has long worked to secure data on computer networks run by a range of civilian and military agencies. The company is also trying to expand sales of cybersecurity technology and services to commercial firms, including its suppliers, and foreign governments, Lockheed executives said.
“Suppliers are still a huge problem,” said Charlie Croom, Lockheed’s vice president of cybersecurity solutions, noting the large number of companies that provide products and components for Lockheed, which has annual sales of just under $ 47 billion.
Croom, the former head of the Pentagon’s Defense Information Systems Agency, said cybersecurity was a crucial area for Lockheed, but said it was difficult to pinpoint exactly how much business it generates because network security is part of nearly everything the company sells and does for the government.
He estimated that 5 to 8 percent of Lockheed’s revenues in the information systems sector were related to cybersecurity. Lockheed generated $ 9.4 billion sales in that division in 2011.
McMahon said Lockheed had seen “very successful” attacks against a number of the company’s suppliers, and was focusing heavily on helping those companies improve their security.
She said a well-publicized cyber attack on Lockheed’s networks in May 2011 came after the computer systems of two of its suppliers — RSA, the security division of EMC Corp and another unidentified company — were compromised.
“The adversary was able to get information from RSA and then they were also able to steal information from another supplier of ours, and they were able to put those two pieces of information together and launch an attack on us,” McMahon said.
She said Lockheed had been tracking the adversary for years before that attack, and was able to prevent any loss of data by using its in-house detection and monitoring capabilities.
One of the lessons the company learned was the importance of sharing data with other companies in the defense sector, and suppliers, to avert similar attacks, McMahon said.
“It’s just one example of how the adversary has been very significant and tenacious and has really been targeting the defense industrial base,” she said.
Social media, websites and malware introduced by emails remain major areas of concern, Lockheed executives said.
(Reporting By Andrea Shalal-Esa; Editing by Paul Tait)
Internet News Headlines – Yahoo! News
WASHINGTON (Reuters) – Irish rocker and anti-poverty campaigner Bono will appeal to Democrats and Republicans during a visit to Washington this week to spare U.S. development assistance programs from cuts as Congress tries to avert the looming “fiscal cliff” of tax hikes and spending reductions early next year.
The U2 lead singer’s visit comes as the Obama administration and congressional leaders try to forge a deal in coming weeks to avoid the economy hitting the “fiscal cliff” – tax increases and spending cuts worth $ 600 billion starting in January if Congress does not act.
Analysts say the absence of a deal could shock the United States, the world’s biggest economy, back into recession.
Kathy McKiernan, spokeswoman for the ONE Campaign, said Bono will hold talks with congressional lawmakers and senior Obama administration officials during the November 12-14 visit.
During meetings he will stress the effectiveness of U.S. foreign assistance programs and the need to preserve them to avoid putting at risk progress made in fighting HIV/AIDS, tuberculosis and malaria, she said.
Bono, a long-time advocate for the poor, will argue that U.S. government-funded schemes that support life-saving treatments for HIV/AIDS sufferers, nutrition programs for malnourished children, and emergency food aid make up just 1 percent of the U.S. government budget but are helping to save tens of millions of lives in impoverished nations.
The One Campaign would not elaborate which lawmakers and senior Obama administration officials Bono will meet.
On Monday, Bono will discuss the power of social movements with students at Georgetown University. He will also meet new World Bank President Jim Yong Kim for a web cast discussion on Wednesday on the challenges of eradicating poverty.
(Editing by W Simon)
Music News Headlines – Yahoo! News
I am happy to share that HP Cloud Compute now supports Microsoft Windows Server 2008 instances in addition to the variety of Linux distributions that are already available. Windows Server instances can now be launched in our US-West region. Since HP Cloud Compute is in public beta, all customers receive a 50% discount (see pricing below).
It is a priority for us to provide the tools that enable developers to quickly build, test, deploy and scale their applications in the cloud. That is why we created our CLI for Windows so that developers working in a Windows Server environment can quickly launch and manage their instances using the command line.
The three Windows Server images available are the Enterprise Editions of Windows Server 2008 SP2 (32 bit), Windows Server 2008 SP2 (64 bit) and Windows Server 2008 R2 (64 bit). All Windows Server instances are created with a randomly generated password, which is then encrypted. You can create and manage your Windows Server instances from our console, UNIX CLI and Windows CLI. For information about how to access your Windows Server instances using Remote Desktop (RDP), please review our documentation here.
The licenses for a Windows Server instance are included in the hourly rate for your instance, so you can spin up a server and get started without needing to worry about any additional licensing concerns. Please see the table below for details about the hourly fees for both standard HP Cloud Compute Linux Instances and HP Cloud Compute Windows Server Instances. While HP Cloud Compute continues in public beta, all customers receive a 50% discount off the prices listed below.
| HP Cloud Compute Instance Types | Linux (per hour) | Windows (per hour) |
| Extra Small (1GB RAM, 1 core, 30GB disk) | $ 0.04 | $ 0.06 |
| Small (2GB RAM, 2 cores, 60GB disk) | $ 0.08 | $ 0.12 |
| Medium (4GB RAM, 2 cores, 120GB disk) | $ 0.16 | $ 0.24 |
| Large (8GB RAM, 4 cores, 240GB disk) | $ 0.32 | $ 0.48 |
| Extra Large (16GB RAM, 4 cores, 480GB disk) | $ 0.64 | $ 0.96 |
| Double Extra Large (32GB RAM, 8 cores, 960GB disk) | $ 1.28 | $ 1.92 |
Our team has been working hard to ensure that we are able to support all of your public cloud needs and appreciate all those that participated in our private and public betas. We are very excited about the launch of Windows Server instances. Stay tuned as we plan to launch support for additional versions of Windows Server including Windows Server 2012 in the coming months. As always, feel free to leave a comment, connect with us on chat or email or find us on twitter (@hpcloud) if you have any questions.
Linux/Open Source News Headlines – Yahoo! News
WASHINGTON (Reuters) – Irish rocker and anti-poverty campaigner Bono will appeal to Democrats and Republicans during a visit to Washington this week to spare U.S. development assistance programs from cuts as Congress tries to avert the looming “fiscal cliff” of tax hikes and spending reductions early next year.
The U2 lead singer’s visit comes as the Obama administration and congressional leaders try to forge a deal in coming weeks to avoid the economy hitting the “fiscal cliff” – tax increases and spending cuts worth $ 600 billion starting in January if Congress does not act.
Analysts say the absence of a deal could shock the United States, the world’s biggest economy, back into recession.
Kathy McKiernan, spokeswoman for the ONE Campaign, said Bono will hold talks with congressional lawmakers and senior Obama administration officials during the November 12-14 visit.
During meetings he will stress the effectiveness of U.S. foreign assistance programs and the need to preserve them to avoid putting at risk progress made in fighting HIV/AIDS, tuberculosis and malaria, she said.
Bono, a long-time advocate for the poor, will argue that U.S. government-funded schemes that support life-saving treatments for HIV/AIDS sufferers, nutrition programs for malnourished children, and emergency food aid make up just 1 percent of the U.S. government budget but are helping to save tens of millions of lives in impoverished nations.
The One Campaign would not elaborate which lawmakers and senior Obama administration officials Bono will meet.
On Monday, Bono will discuss the power of social movements with students at Georgetown University. He will also meet new World Bank President Jim Yong Kim for a web cast discussion on Wednesday on the challenges of eradicating poverty.
(Editing by W Simon)
Music News Headlines – Yahoo! News
NEW YORK (Reuters Health) – Terminally-ill cancer patients are less likely to get aggressive end-of-life treatment, such as chemotherapy in the last two weeks of life, when they talk with their doctors early on about how they want to die, according to a new study.
Treatment aimed at keeping those patients alive at the end is often expensive and may not improve patients’ quality of life or comfort. Such therapies usually involve more time in the hospital rather than at home or in hospice care.
“Aggressive care at the end of life for individual patients isn’t necessarily bad, it’s just that most patients who recognize they’re dying don’t want to receive that kind of care,” said Dr. Jennifer Mack, the study’s lead author from the Dana-Farber Cancer Institute in Boston.
“We should at least consider having these discussions soon after diagnosis if we know that a patient has incurable cancer,” she told Reuters Health.
Her team’s analysis involved 1,231 people with advanced lung or colon cancer who died over a 14-month period during a larger cancer study. Researchers interviewed patients or their caregivers about whether and when the patients had discussions with their doctors about end-of-life care.
Mack and her colleagues also checked medical records for signs of those discussions and for any treatment and hospitalizations cancer patients had in their last month of life.
They found that most patients – 88 percent – had end-of-life discussions, but more than one-third of those took place less than a month before the patient died, when their health was likely already deteriorating. Close to two-thirds of the talks happened while patients were in the hospital.
Almost half of study participants received aggressive, life-prolonging care, Mack’s team reported Monday in the Journal of Clinical Oncology.
Those who’d had end-of-life discussions more than a month before dying were 50 to 60 percent less likely to get that extra treatment than patients who put off those talks or didn’t have them at all.
Patients (and their caregivers) who reported having the discussions with doctors were almost seven times more likely to end up in hospice than those who didn’t recall end-of-life talks.
“A lot of patients don’t want (aggressive treatment), but they don’t recognize that they’re dying or that this is relevant for them,” said Dr. Camilla Zimmermann, head of the palliative care program at University Health Network in Toronto.
But, she told Reuters Health, “The earlier you discuss these things, the more options you have. If you wait too long, you end up having these discussions with someone you don’t know, that you just met, in an inpatient setting,” instead of with your primary doctor.
Mack agreed.
“If we start these conversations early, then patients have some time to process this information, to think about what’s important to them (and) to talk with their families about that,” she said.
Aggressive end-of-life care is also expensive. According to data from the Dartmouth Atlas of Health Care, 32 percent of total Medicare spending goes to caring for very sick patients in their last two years of life, often because those people are in and out of the hospital. In the early 2000′s, that spending was equal to about $ 46,000 per chronically-ill patient.
Zimmermann, who wasn’t involved in the new research, believes it’s never too early for doctors, patients or caregivers to initiate discussions about end-of-life preferences – even if it can be an uncomfortable topic.
“There are many opportunities while that incurable illness is still being treated… to also focus on what happens if this doesn’t work,” she said.
“I think people are afraid that bringing up these discussions is going to make them die. Bringing up these discussions is really going protect them from an outcome they don’t want in the end.”
SOURCE: http://bit.ly/gPtMdm Journal of Clinical Oncology, online November 12, 2012.
Seniors/Aging News Headlines – Yahoo! News
The U.S. is set to increase oil production so much that it will overtake Saudi Arabia and become the world’s biggest producer by around 2017, the International Energy Agency said today.
The reaction from “peak oil” theorists? Not a chance. They continue to argue that the surge in U.S. production coming from shale oil and shale gas is a flash in the pan. Before long, they say, U.S. output will start falling again—as will global output. The price of oil will skyrocket and the industrial economy will be brought to its knees, they argue.
I first reached Kjell Aleklett in Sweden. He’s president of the Association for the Study of Peak Oil and a physics professor at Uppsala University. Aleklett acknowledged that peak oil theorists didn’t predict the U.S. output increase, but he said the jump doesn’t undermine their main case. “We were wrong that it was not possible for the U.S. [production] to swing back again. But we don’t know how high the swing will be,” Aleklett said.
“The shale production we are talking about now relies on thousands of wells drilled every year. If the drilling capacity should go down, or for some reason it becomes too expensive, then the production will go down very fast,” Aleklett said.
What’s more, he said, the U.S. success is not being duplicated in other countries. In densely populated Europe, Aleklett said, the best shale happens to be beneath the city of Paris, making it off-limits to production (unless the Eiffel Tower is converted into a production platform).
Aleklett also pointed out that the U.S. Energy Department’s own outlook contradicts that of the Paris-based International Energy Agency. In 2035, according to the U.S. Energy Information Administration, imports of crude oil, liquid fuels, and other petroleum, plus natural gas will still total about 24 quadrillion BTUs a year, nearly triple the level of exports.
Mark your calendar, by the way: Aleklett said the next meeting of the Association for the Study of Peak Oil is in Austin, Tex., on Nov. 30 and Dec. 1.
I then reached Jeremy Leggett, a British solar energy entrepreneur who is chairman of a company called Solarcentury and who writes about energy issues, including peak oil. His talking points were more polished than Aleklett’s, but he hit the same arguments. Like the Swede, he said he doesn’t think production from unconventional sources such as shale is sustainable for long.
“On the massive balance of probabilities, not withstanding the U.S. phenomenon, there’s going to be a descent of global production and much higher prices, by 2015 at the latest,” Leggett said.
I asked him if it’s harder for him to persuade people now than it was before the surprising resurgence in U.S. output. Yes, he said. “It’s a comfortable narrative, and people are desperate to believe comfortable narratives. It has set back the perception of the risk.” Dependence on oil and gas, said Leggett, “will blow up in our face.”
Businessweek.com — Top News
CALGARY, Alberta (Reuters) – The fate of a handful of liquefied natural gas projects planned for Canada’s Pacific coast may depend on the Canadian government‘s willingness to spell out rules for foreign investment in the country’s energy sector, according to a study released on Thursday.
Apache Corp, Royal Dutch Shell Plc, Petronas, BG Group Plc and others are in the planning stages for LNG projects that would take gas from the rich shale fields of northeastern British Columbia and ship it to Asian buyers.
But the federal government’s decision last month to stall the C$ 5.2 billion ($ 5.2 billion) bid by Malaysia’s state-owned Petronas C$ 5.2 billion for Canada‘s Progress Energy Resources Corp could lessen the appetite of Asian buyers for Canadian LNG, energy consultants Wood Mackenzie said.
“Some potential off-takers of Canadian LNG like the idea … because it’s perceived as having low political risk, and another reason is because they see the potential for investment opportunities,” said Noel Tomnay, head of global gas at the consultancy.
“If there are going to be restrictions on how they access those opportunities, if acquisitions are closed to them, then clearly that would restrict the attractiveness of those opportunities. If would-be Asian investors thought that corporate acquisitions were an avenue that was not open to them then Canadian LNG would become less attractive.”
The Canadian government is looking to come up with rules governing corporate acquisitions by state-owned companies and has pushed off a decision on the Petronas bid as it considers whether to approve the $ 15.1 billion offer for Nexen Inc from China’s CNOOC Ltd.
Exporting LNG to Asia is seen as a way to boost returns for natural-gas producers tapping the Montney, Horn River and Liard Basin shale regions of northeastern British Columbia.
Though Wood Mackenzie estimates the fields contain as much as 280 trillion cubic feet of gas, they are far from Canada’s traditional U.S. export market, while growing supplies from American shale regions have cut into Canadian shipments.
Because the region lacks infrastructure, developing the resource will be expensive, requiring new pipelines and multibillion-dollar liquefaction.
Still Wood Mackenzie estimates that the cost of delivery into Asian markets for Canadian LNG would be in the range of $ 10 million to $ 12 per million British thermal units, similar to competing projects in the United States and East Africa.
($ 1 = $ 1.00 Canadian)
(Reporting by Scott Haggett; Editing by Leslie Adler)
Canada News Headlines – Yahoo! News
12 November 2012 Last updated at 14:25 ET
Allegations of manipulation of UK wholesale gas prices are being investigated by the Financial Services Authority (FSA) and Ofgem.
The investigations by the FSA, the UK’s financial watchdog, and energy regulator Ofgem follow claims by a whistleblower.
Energy Secretary Edward Davey said he was “extremely concerned about the allegations”.
“The government takes alleged abuse in our markets very seriously,” he added.
Two of the UK’s big six energy suppliers have released statements to deny any involvement.
EDF Energy said it “does not participate in loss-leading trading activity and considers it to be against existing market regulation”.
It added: “We make information likely to impact market price formation publicly available on our website in compliance with the European Union’s regulation on energy market integrity and transparency.”
NPower said: “There is an explicit commitment in our code of conduct to comply with all laws and regulations.”
Mr Davey said he would keep in close contact with the two investigations.
He will make a statement on the issue in the House of Commons on Tuesday.
The whistleblower worked at ICIS Heron, a financial information company that publishes energy price reports.
ICIS Heron said it “detected some unusual trading activity on the British wholesale gas market on 28 September 2012, which it reported to energy regulator Ofgem in October”.
It added: “The cause of the trading pattern, which involved a series of deals done below the prevailing market trend, has not yet been established.”
BBC News – Business
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