New PlayStation 4 details emerge: 8-core AMD ‘Bulldozer’ CPU, redesigned controller and more






2013 is a huge year for gamers. Nintendo (NTDOY) just launched the Wii U ahead of the holidays and both Sony (SNE) and Microsoft (MSFT) are expected to issue next-generation consoles before the year is through. We’ve seen plenty of rumors about both systems over the past few months, and the latest comes from Kotaku and focuses on Sony’s PlayStation 4.


[More from BGR: BlackBerry 10 said to be overhyped, RIM’s comeback chances remain slim]






The site claims to have gotten its hands on documents describing Sony’s developer system given to premier partners so they can build games ahead of the next-generation console launch. The specs, if accurate, will obviously line up with the release version of the system. Included in the specs Kotaku is reporting are an AMD64 “Bulldozer” CPU with eight cores total, an AMD GPU, 8GB of system RAM, 2.2GB of video memory, a 160GB hard drive, a Blu-ray drive, four USB 3.0 ports and more.


[More from BGR: Apple: ‘Bent, not broken’]


Sony also reportedly has a redesigned controller in the works that will include a capacitive touch pad.


This article was originally published on BGR.com


Gaming News Headlines – Yahoo! News




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American Idol Auditions in Baton Rouge Are (Almost) Drama-Free






American Idol










01/24/2013 at 10:00 PM EST







From left: Randy Jackson, Mariah Carey, Ryan Seacrest, Nicki Minaj and Keith Urban


George Holz/FOX


There were no catfights on Thursday's American Idol. No one stormed off the set. Everyone was on their best behavior as contestants auditioned in Baton Rouge, La.

That's not to say that things didn't get weird. Nicki Minaj nicknamed one contestant "Mushroom" and rubbed her fingers through his hair to bestow her "special powers" on him. (Whenever Minaj speaks, Mariah Carey simply stares off into space, as if she's just trying to find her happy place.) The Idol producers also began a baffling trend of splicing footage of squealing farm animals between the bad auditions.

But there were some bright spots: Burnell Taylor, a Hurricane Katrina survivor, made Carey cry with his capable rendition of "I'm Here" from the musical The Color Purple. "This is what we came for," said Minaj, who was apparently speaking about Taylor's voice, not Carey's tears. "While everyone else auditioned, you entertained us."

Hulking firefighter Dustin Watts wowed the judges with his version of Garth Brooks's "She's Every Woman." And yes, ladies, he's single. We know this because Minaj continued her practice of asking good-looking guys if they have a girlfriend. "You have a great style," Keith Urban told Watts. "You've got a confidence about you."

Tennessean Paul Jolley's family seemed shocked that he made it to Hollywood, which may have been overdone, considering that the 22-year-old singer has opened for country stars Chely Wright, Lorrie Morgan and Aaron Tippin. His pleasant version of "I Won't Let Go" by Rascal Flatts impressed the judges. "It was effortless," said Carey. "I know that people are going to love you."

Perhaps the most unique contestant of the night was Calvin Peters, a 27-year-old physician from Fort Worth, Texas. The third-year resident is known as "the singing doctor," and wowed the judges with his audition of Maxwell's "Whenever, Wherever, Whatever." Carey called him "handsome," which seems to be a trend this season.

Most of the night's successful women were lumped into a montage, except for Miss Baton Rouge Megan Miller, who impressed the judges while auditioning on crutches. Perhaps the lack of female character development is a reason why the show hasn't crowned a woman champ since Jordin Sparks won in 2007. Then again, the judges this season seem confident a female singer is going to win.

Before the episode could end without a drop of drama, Urban accidentally referred to Minaj as "Mariah." Both women shot him withering looks and commanded him to say more than 1000 Hail Marys.

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Penalty could keep smokers out of health overhaul


WASHINGTON (AP) — Millions of smokers could be priced out of health insurance because of tobacco penalties in President Barack Obama's health care law, according to experts who are just now teasing out the potential impact of a little-noted provision in the massive legislation.


The Affordable Care Act — "Obamacare" to its detractors — allows health insurers to charge smokers buying individual policies up to 50 percent higher premiums starting next Jan. 1.


For a 55-year-old smoker, the penalty could reach nearly $4,250 a year. A 60-year-old could wind up paying nearly $5,100 on top of premiums.


Younger smokers could be charged lower penalties under rules proposed last fall by the Obama administration. But older smokers could face a heavy hit on their household budgets at a time in life when smoking-related illnesses tend to emerge.


Workers covered on the job would be able to avoid tobacco penalties by joining smoking cessation programs, because employer plans operate under different rules. But experts say that option is not guaranteed to smokers trying to purchase coverage individually.


Nearly one of every five U.S. adults smokes. That share is higher among lower-income people, who also are more likely to work in jobs that don't come with health insurance and would therefore depend on the new federal health care law. Smoking increases the risk of developing heart disease, lung problems and cancer, contributing to nearly 450,000 deaths a year.


Insurers won't be allowed to charge more under the overhaul for people who are overweight, or have a health condition like a bad back or a heart that skips beats — but they can charge more if a person smokes.


Starting next Jan. 1, the federal health care law will make it possible for people who can't get coverage now to buy private policies, providing tax credits to keep the premiums affordable. Although the law prohibits insurance companies from turning away the sick, the penalties for smokers could have the same effect in many cases, keeping out potentially costly patients.


"We don't want to create barriers for people to get health care coverage," said California state Assemblyman Richard Pan, who is working on a law in his state that would limit insurers' ability to charge smokers more. The federal law allows states to limit or change the smoking penalty.


"We want people who are smoking to get smoking cessation treatment," added Pan, a pediatrician who represents the Sacramento area.


Obama administration officials declined to be interviewed for this article, but a former consumer protection regulator for the government is raising questions.


"If you are an insurer and there is a group of smokers you don't want in your pool, the ones you really don't want are the ones who have been smoking for 20 or 30 years," said Karen Pollitz, an expert on individual health insurance markets with the nonpartisan Kaiser Family Foundation. "You would have the flexibility to discourage them."


Several provisions in the federal health care law work together to leave older smokers with a bleak set of financial options, said Pollitz, formerly deputy director of the Office of Consumer Support in the federal Health and Human Services Department.


First, the law allows insurers to charge older adults up to three times as much as their youngest customers.


Second, the law allows insurers to levy the full 50 percent penalty on older smokers while charging less to younger ones.


And finally, government tax credits that will be available to help pay premiums cannot be used to offset the cost of penalties for smokers.


Here's how the math would work:


Take a hypothetical 60-year-old smoker making $35,000 a year. Estimated premiums for coverage in the new private health insurance markets under Obama's law would total $10,172. That person would be eligible for a tax credit that brings the cost down to $3,325.


But the smoking penalty could add $5,086 to the cost. And since federal tax credits can't be used to offset the penalty, the smoker's total cost for health insurance would be $8,411, or 24 percent of income. That's considered unaffordable under the federal law. The numbers were estimated using the online Kaiser Health Reform Subsidy Calculator.


"The effect of the smoking (penalty) allowed under the law would be that lower-income smokers could not afford health insurance," said Richard Curtis, president of the Institute for Health Policy Solutions, a nonpartisan research group that called attention to the issue with a study about the potential impact in California.


In today's world, insurers can simply turn down a smoker. Under Obama's overhaul, would they actually charge the full 50 percent? After all, workplace anti-smoking programs that use penalties usually charge far less, maybe $75 or $100 a month.


Robert Laszewski, a consultant who previously worked in the insurance industry, says there's a good reason to charge the maximum.


"If you don't charge the 50 percent, your competitor is going to do it, and you are going to get a disproportionate share of the less-healthy older smokers," said Laszewski. "They are going to have to play defense."


___


Online:


Kaiser Health Reform Subsidy Calculator — http://healthreform.kff.org/subsidycalculator.aspx


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Asian shares down; Seoul hit by weak techs but Nikkei surges

TOKYO (Reuters) - Asian shares fell on Friday, hurt by a drop in regional technology stocks, although gains in Australia and Japan contained overall losses for equities.


The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> slipped 0.7 percent, led by a 1.7 percent slide in the technology sector <.miapjit00pus>. A sharp fall in tech-heavy markets such as South Korea and Taiwan contributed to the regional retreat.


Seoul shares <.ks11> tumbled 1.3 percent, weighed by weak profits for automakers, while tech shares continued to falter as Samsung Electronics announced cautious spending plans for the first time since the global financial crisis, following rival Apple Inc's below-estimate results announced earlier in the week.


Apple suppliers extended their declines from Thursday, including Taiwan's Largan Precision , while Samsung shares fell 2.8 percent.


A rise in copper and steady gold prices helped push commodity-reliant Australian shares <.axjo> up 0.4 percent to a fresh 21-month high, marking an eighth straight session of gains.


"The U.S. debt ceiling has been pushed out, Japan is stimulating their economy and Europe seems to have digested their debt crisis. There aren't a lot of negatives at the moment," said Lonsec senior client adviser Michael Heffernan in Melbourne.


Japan's Nikkei stock average <.n225> also outperformed its Asian peers with a 2 percent surge as the yen hit fresh lows versus the dollar and the euro on expectations Japan will pursue bold policies to beat deflation and stimulate growth. <.t/>


"Trading on Japan is gaining momentum among foreign investors, centering around the dollar/yen, which has dictated Nikkei's direction," said Tetsuro Ii, the chief executive of Commons Asset Management.


The yen's slide after its brief rebound this week bolstered sentiment for Japanese equities as it lifts earnings prospects for exporters, ahead of the quarterly earnings season set to start next week.


The dollar scaled its highest level since June 2010 to reach 90.695 yen early on Friday and the euro rose to 121.32, its highest since April 2011. Prime Minister Shinzo Abe's new administration has made clear it wants a weaker yen, providing investors a reason to short the currency.


The yen has declined sharply since mid-November on expectations the new government will implement aggressive monetary easing and huge fiscal spending polices to end decades of deflation and return Japan to a sustainable growth path.


More than 80 percent of Japanese firms are in favor of Abe's policy mix, though most also feared Japan would face a debt crisis within a few years, according to a Reuters poll.


"JPY weakness should continue over the coming year driven by an expansion of the Bank of Japan's balance sheet relative to the European Central Bank and the Federal Reserve," said Kit Juckes, FX strategist at Societe Generale in a note. "I don't know how long the USD/JPY is going to pause at around 90, but a move to 100 still seems very likely in the longer run."


Solid data from the United States and Germany after similarly upbeat manufacturing figures from China lifted world equity and commodity markets.


The Standard & Poor's 500 Index <.spx> briefly topped the symbolic 500 mark for the first time since December 2007 while European shares hit their 2013 peak.


U.S. factory activity grew the most in nearly two years in January while a German business survey showed its private sector expanding at its fastest pace in a year this month.


U.S. crude eased 0.2 percent to $95.78 a barrel and Brent inched down 0.2 percent to $113.11.


London copper rose 0.2 percent to $8,109 a metric ton and spot gold steadied around $1,667.64 an ounce.


(Editing by Shri Navaratnam)



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India Ink: Urging Action, Report on Brutal Rape Condemns India's Treatment of Women





NEW DELHI — Women in India face systemic discrimination and are regularly confronted with sexual harassment and violence, even as the police often fail to provide protection and the government has failed to enforce laws and policies intended to safeguard women’s rights, according to a scathing special report released on Wednesday.




The government report, drafted in response to the deadly gang rape of a young woman last month in New Delhi, amounted to a broad and damning indictment of the treatment of women by India’s democratic institutions. It also was intended as a call to action: the three-person commission, led by a former chief justice of India’s Supreme Court, challenged Parliament to act swiftly on its recommendations.


“We have submitted the report in 29 days,” the retired chief justice, J.S. Verma, said during a nationally televised news conference, noting that the commissioners worked quickly in order to present their findings before Parliament next meets in February. “If we are able to do it in half the time available, the government, with its might and resources, should also act fast.”


The commission recommended a number of far-reaching changes. Among them were requiring police officers to register every case of reported rape; punishing crimes like stalking and voyeurism with prison terms; changing the humiliating medical examinations endured by rape victims; re-examining every appointed state police chief in the country; cracking down on extralegal village councils, known as khap panchayats, which often issue edicts against women; and making new legal requirements so it is much more difficult for people charged with criminal offenses to hold political office.


India does not lack adequate laws on sexual violence or gender bias, the commissioners found, but rather lacks the political and bureaucratic will to enforce them.


“Failure of good governance is the obvious root cause for the current unsafe environment eroding the rule of law, and not the want of needed legislation,” the report said.


India’s government has often proved immutable to calls for progressive reform. Over the years, different commissions have issued recommendations on a variety of subjects, only to see their reports gather dust. Indeed, even a major 2006 Supreme Court ruling calling for significant changes in policing remains largely stalled, with its recommendations far from being put in place.


But public outrage over the brutal Dec. 16 gang rape of a young woman on a private bus moving through New Delhi has remained fierce, prompting political leaders to promise swift action. The trial of the five adult defendants in the case is expected to begin as soon as Thursday in a new fast-track court. Moreover, many lawmakers have promised legislative changes to address shortcomings in policing and gender bias.


“Women must enjoy freedom,” said Leila Seth, herself a former Supreme Court justice and one of the commission’s three members, speaking at the news conference. “The state must practice equality.”


The commission, with Justice Verma as chairman, was created last month by India’s Home Ministry and charged with making recommendations to improve laws dealing with sexual violence. Justice Verma said that public interest was extremely high and that the commission received more than 80,000 suggestions. He praised the youthful protesters whose demonstrations over the rape case created mounting pressure on the government.


Rather than focusing on narrow changes in criminal law, the commission’s sweeping report goes beyond the issue of rape to assess widespread discrimination against women, societal biases against daughters, workplace sexual harassment, child sexual abuse, the trafficking of women and children and the deep-rooted problems with Indian policing.


In particular, the commission said that many states still needed to comply with the 2006 Supreme Court ruling, which, among other mandates, called for eliminating political influence over police departments, notably in the appointment of police chiefs. Moreover, the commission called on the police to prevent stalking and other harassment on public transportation and urged the construction of separate facilities inside police precincts for women and improved officer training for investigating sex crimes.


But, most of all, the commission urged what it called holistic changes, including nationwide education campaigns on gender equity and related issues.


Indeed, blame was not affixed solely on the Indian state. Justice Verma said the Dec. 16 rape case also exposed a shameful public apathy, noting that many motorists drove past the half-naked victim and her beaten male friend after the suspects had dumped them on the side of a busy highway.


“The nation has to account for the tears of millions of women,” the report concluded.


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RIM releases BES 10 for BlackBerry 10 and rival phones, offers free 60-day trial






Research In Motion (RIMM) is gearing up for the impending release of its first BlackBerry 10 devices and the company has now released new mobile device management software to help its customers keep a handle on their shiny new BB10 phones and rival devices. The new BlackBerry Enterprise Service 10, now available for download, aims to be a one-size-fits all MDM platform that’s capable of managing BlackBerry, iOS and Android devices.


[More from BGR: Apple reports Q1 results: $ 13.1 billion profit beats estimates, iPhone sales and Q2 guidance miss big]






RIM says key features of the new service include the integration of BlackBerry Balance functionality to help keep work and personal applications and data separate; BlackBerry World for Work, a new iteration of the company’s traditional app store that gives companies the ability to more easily manage workers’ apps; and an “intuitive enterprise enrollment process for employees that offers a self-service console, and centralized control of assignable profiles for email, SCEP, Wi-Fi, VPN and proxy servers.”


[More from BGR: As data gets cheaper for Verizon to transmit, customers are paying more]


RIM is offering customers a free 60-day trial of the new MDM service.


This article was originally published on BGR.com


Wireless News Headlines – Yahoo! News




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Nicki Minaj Storms Off American Idol Set in Charlotte, N.C.






American Idol










01/23/2013 at 10:50 PM EST







From left: Randy Jackson, Mariah Carey, Ryan Seacrest, Nicki Minaj and Keith Urban


Michael Becker/FOX.


As American Idol's talent search headed to Charlotte, N.C., on Wednesday, the already-tense relationship between judges Mariah Carey and Nicki Minaj went even further south.

Things got so heated that the production had to shut down for a bit, leaving a speedway full of aspiring singers sitting idle. The cause of the friction? Disagreements over the judges' varying styles of critique – particularly when it came to 20-year-old Summer Cunningham.

"Why are we picking her apart?" Minaj asked after Carey questioned whether the contestant's voice was best-suited for country music.

"Really? Is that what I did?" responded Carey. "We're trying to help her as opposed to just talk about her outfit."

That retort caused Minaj to throw a fit. "Oh, you're right. I'm sorry I can't help her. Maybe I should just get off the [BLEEP] panel," she said before walking off the set.

As Minaj left, Carey got in one more shot: Referring to Minaj storming off, she said, "I was going to do that the next time she ragged on me."

But the judging panel – including Keith Urban and Randy Jackson – also had plenty moments of togetherness in Charlotte. They gave unanimous thumbs up to Brian Rittenberry, 27 – a dad from Jasper, Ga., whose wife bounced back from battling cancer – for belting out "Let It Be" with a big booming voice.

They also swooned over 16-year-old Isabel Gonzalez, who Jackson plucked out of a high school class to audition for Idol as part of this season's new nomination segments. And they were all in agreement that 20-year-old Joel Nemoyer from Carlisle, Pa., should try a different line of work after he tried crooning a Michael Bublé song while lying flat on his back.

Even without the histrionics, Minaj proved to be the most entertaining of the judges. Between her ongoing habit of assigning nicknames to all the contestants – she dubbed singers everything from "collard greens" to "Jumanji" – Minaj also managed to ask hilariously bizarre questions ("Have you ever lived in Tokyo?") and put new and sometimes creepy twists on her positive critiques. "I want to skin you and wear you," she told one girl she was particularly fond of.

Even with the short interruption due to the judges' kerfuffle, the Idol gang managed to find 36 contestants to put through to Hollywood.

And they'll be back for more auditions in Baton Rouge, La., on Thursday.

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Women have caught up to men on lung cancer risk


Smoke like a man, die like a man.


U.S. women who smoke today have a much greater risk of dying from lung cancer than they did decades ago, partly because they are starting younger and smoking more — that is, they are lighting up like men, new research shows.


Women also have caught up with men in their risk of dying from smoking-related illnesses. Lung cancer risk leveled off in the 1980s for men but is still rising for women.


"It's a massive failure in prevention," said one study leader, Dr. Michael Thun of the American Cancer Society. And it's likely to repeat itself in places like China and Indonesia where smoking is growing, he said. About 1.3 billion people worldwide smoke.


The research is in Thursday's New England Journal of Medicine. It is one of the most comprehensive looks ever at long-term trends in the effects of smoking and includes the first generation of U.S. women who started early in life and continued for decades, long enough for health effects to show up.


The U.S. has more than 35 million smokers — about 20 percent of men and 18 percent of women. The percentage of people who smoke is far lower than it used to be; rates peaked around 1960 in men and two decades later in women.


Researchers wanted to know if smoking is still as deadly as it was in the 1980s, given that cigarettes have changed (less tar), many smokers have quit, and treatments for many smoking-related diseases have improved.


They also wanted to know more about smoking and women. The famous surgeon general's report in 1964 said smoking could cause lung cancer in men, but evidence was lacking in women at the time since relatively few of them had smoked long enough.


One study, led by Dr. Prabhat Jha of the Center for Global Health Research in Toronto, looked at about 217,000 Americans in federal health surveys between 1997 and 2004.


A second study, led by Thun, tracked smoking-related deaths through three periods — 1959-65, 1982-88 and 2000-10 — using seven large population health surveys covering more than 2.2 million people.


Among the findings:


— The risk of dying of lung cancer was more than 25 times higher for female smokers in recent years than for women who never smoked. In the 1960s, it was only three times higher. One reason: After World War II, women started taking up the habit at a younger age and began smoking more.


—A person who never smoked was about twice as likely as a current smoker to live to age 80. For women, the chances of surviving that long were 70 percent for those who never smoked and 38 percent for smokers. In men, the numbers were 61 percent and 26 percent.


—Smokers in the U.S. are three times more likely to die between ages 25 and 79 than non-smokers are. About 60 percent of those deaths are attributable to smoking.


—Women are far less likely to quit smoking than men are. Among people 65 to 69, the ratio of former to current smokers is 4-to-1 for men and 2-to-1 for women.


—Smoking shaves more than 10 years off the average life span, but quitting at any age buys time. Quitting by age 40 avoids nearly all the excess risk of death from smoking. Men and women who quit when they were 25 to 34 years old gained 10 years; stopping at ages 35 to 44 gained 9 years; at ages 45 to 54, six years; at ages 55 to 64, four years.


—The risk of dying from other lung diseases such as emphysema and chronic bronchitis is rising in men and women, and the rise in men is a surprise because their lung cancer risk leveled off in 1980s.


Changes in cigarettes since the 1960s are a "plausible explanation" for the rise in non-cancer lung deaths, researchers write. Most smokers switched to cigarettes that were lower in tar and nicotine as measured by tests with machines, "but smokers inhaled more deeply to get the nicotine they were used to," Thun said. Deeper inhalation is consistent with the kind of lung damage seen in the illnesses that are rising, he said.


Scientists have made scant progress against lung cancer compared with other forms of the disease, and it remains the leading cause of cancer deaths worldwide. More than 160,000 people die of it in the U.S. each year.


The federal government, the Canadian Institutes of Health Research, the Bill and Melinda Gates Foundation, the cancer society and several universities paid for the new studies. Thun testified against tobacco companies in class-action lawsuits challenging the supposed benefits of cigarettes with reduced tar and nicotine, but he donated his payment to the cancer society.


Smoking needs more attention as a health hazard, Dr. Steven A. Schroeder of the University of California, San Francisco, wrote in a commentary in the journal.


"More women die of lung cancer than of breast cancer. But there is no 'race for the cure' for lung cancer, no brown ribbon" or high-profile advocacy groups for lung cancer, he wrote.


Kathy DeJoseph, 62, of suburban Atlanta, finally quit smoking after 40 years — to qualify for lung cancer surgery last year.


"I tried everything that came along, I just never could do it," even while having chemotherapy, she said.


It's a powerful addiction, she said: "I still every day have to resist wanting to go buy a pack."


___


Online:


American Cancer Society: http://www.cancer.org


National Cancer Institute: http://www.cancer.gov/cancertopics/tobacco/smoking and http://www.cancer.gov/cancertopics/types/lung


Medical journal: http://www.nejm.org


___


Marilynn Marchione can be followed at http://twitter.com/MMarchioneAP


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Asian shares recover on improved China PMI

TOKYO (Reuters) - Asian shares edged higher on Thursday after manufacturing data from China confirmed a recovery in the world's second biggest economy was on track, easing nervousness caused by a sharp drop in Apple Inc shares after its earnings report.


China's HSBC flash purchasing managers' index (PMI) rose to 51.9 in January to a two-year high, signaling a rebound in manufacturing activity.


"China has shown signs of recovery recently and the global economic outlook has been improving to give a generally positive direction for markets," said Koichiro Kamei, managing director at financial research firm Market Strategy Institute.


The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> was up 0.1 percent after falling around 0.3 percent earlier, led by its technology sector <.miapjit00pus> which fell about 1 percent in earlier trade. It was recently down 0.5 percent.


Apple, the world's largest technology company, missed Wall Street's revenue forecast for the third straight quarter after iPhone sales came in below expectations, fanning fears that its dominance of the mobile industry was slipping, sending its shares down more than 10 percent in after-hours trading.


Apple's component suppliers such South Korea's LG Display fell, while Taiwan stocks <.twii> were also dragged by Hon Hai and other Apple suppliers.


Shanghai shares <.ssec> extended gains to a 1.5 percent rally from a 0.2 percent rise after the China PMI report. Australian shares <.axjo> built on earlier gains to rise 0.5 percent as the data from China, Australia's largest export market, buoyed sentiment.


South Korean shares <.ks11> nearly wiped earlier losses to trade down 0.1 percent, and the benchmark Nikkei average <.n225> also recouped earlier losses to rise 0.4 percent after falling to a three-week closing low on Tuesday. <.t/>


YEN BUYING HALTED


There was a pause in the two-day yen buying spree, which was driven by the Bank of Japan's latest policy easing steps on Tuesday failing to provide immediate stimulus as expected by some investors. The BOJ pledged to achieve a 2 percent inflation target and promised to start open-ended asset buying from 2014.


The dollar rose 0.4 percent to 88.91 yen while the euro also edged up 0.3 percent to 118.43 yen. The yen is still down 12 percent from its mid-November levels, when markets began pricing in strong monetary accommodation from the BOJ.


Many market players believe the yen's weakness will persist due to widespread expectations the BOJ will continue pursuing aggressive monetary easing policies to beat the country's stubborn deflation.


"The BOJ decision probably isn't a big deal in a sense that the new BOJ regime after (Governor Masaaki) Shirakawa is expected to do everything and anything available, so after profit taking, it's a good opportunity to re-enter the 'Abe trade' because it's all about expectations," said Shogo Fujita, chief Japanese bond strategist at Bank of America in Tokyo.


The "Abe trade" refers to investors betting on a weakening yen and rising Japanese equities on perception Prime Minister Shinzo Abe will pursue aggressive fiscal and monetary policies to pull Japan out of deflation and economic stagnation.


Data on Thursday confirming a deteriorating Japanese trade balance also encouraged yen selling, traders said. Japan logged a record annual trade deficit in 2012.


Earlier on Thursday, South Korea said its economy grew 0.4 percent in the fourth quarter of 2012 on a quarterly basis. But it fell short of around 0.8 percent growth that the Bank of Korea had projected as recently as in October, underscoring a delayed global recovery due to persistent uncertainties hobbling the major economies.


The International Monetary Fund said on Wednesday an unexpectedly stubborn euro zone recession and weakness in Japan will weigh on global economic growth this year before a rebound in 2014.


Asian economies will see weaker growth this year than was expected just three months ago, despite expected policy easing by central banks as inflation pressures taper off, a Reuters poll showed on Wednesday.


U.S. crude was up 0.2 percent at $95.45 a barrel while Brent fell 0.3 percent to $112.46.


London copper was down 0.1 percent at $8.095 a tonne and spot gold inched down 0.1 percent to $1,683.31 an ounce, slipping from a recent one-month high.


(Editing by Shri Navaratnam)



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India Ink: India Warns Kashmiris to Prepare for Nuclear War





NEW DELHI — Indian officials are advising residents of strife-torn Kashmir to prepare for a possible nuclear war by building bombproof basements and stockpiling food and water, adding to tensions between India and Pakistan, both nuclear powers, after deadly cross-border skirmishes in recent weeks.




“People should construct basements where the whole family can stay for a fortnight,” read the advisory, which was published Monday in the newspaper Greater Kashmir. It comes in the midst of the worst fighting in Kashmir between India and Pakistan since a cease-fire was signed in 2003. Three Pakistani and two Indian soldiers have been killed, and one of the Indian soldiers was found without his head.


News of the mutilation infuriated Indians, with Sushma Swaraj, the leader of the opposition in the lower house of Parliament, calling for India “to get at least 10 heads from their side” if the Pakistanis did not return the soldier’s head. After criticism that he was not doing enough, Prime Minister Manmohan Singh of India said he was reviewing ties with Pakistan. A special visa program between the two countries has been suspended, and Pakistani players in a new Indian field hockey league have been sent home.


Officials insisted that the advisory published Monday was unrelated to these developments. Yoginder Kaul, the inspector general of the Civil Defense and State Disaster Response Force, said the advisory was meant to commemorate the first anniversary of the creation of his unit.


“It has nothing to do with anything else,” Mr. Kaul said in a telephone interview. “It was a routine advisory issued on our raising day to create awareness among people.”


If so, it was remarkably ill timed. The advisory suggested that people build shelters in open spaces in front of their houses if they did not have basements because “some protection was better than no protection,” according to an article about the advisory in Greater Kashmir. Food and water should be restocked regularly, and ample candles and battery-operated lights should be included, it said.


If in the open during a nuclear attack, a person should “immediately drop to ground and remain in lying position,” the advisory said.


“Stay down after the initial shock wave, wait for the winds to die down and debris to stop falling. If blast wave does not arrive within five seconds of the flash, you were far enough from the ground zero.”


“Expect some initial disorientation,” the advisory added, “as the blast wave may blow down and carry away many prominent and familiar features.”


Abdul Qaiuum of Silikote, a village close to the dividing line on the Indian side, said in a telephone interview that neither he nor his neighbors were constructing new bunkers. “No firing is taking place,” he said. Besides, he added, “we are under two to three feet of snow in the village.”


Even after both governments embarked on efforts to improve ties after decades of war and recriminations, Kashmir remains a troubled region. India, heavily Hindu, controls the bulk of the predominantly Muslim region of Kashmir, which has been at the heart of disputes between the two nations since they won independence from Britain in 1947. The land along the cease-fire Line of Control is one of the most heavily militarized areas in the world.


The latest clashes started when an elderly woman on the Indian side decided to use a secret entrance into Pakistani territory so that she could see her children living on the other side, according to a report in The Hindu, an Indian newspaper. After the Indian military discovered the tunnel, it built emplacements to prevent its use.


But those emplacements violated the terms of the cease-fire with Pakistan, and Pakistani soldiers repeatedly warned their Indian counterparts to desist, which the Indians ignored.


Firing weapons across the cease-fire line is not unusual, but the beheading, which the Pakistan government denies responsibility for, added a volatile mix to the politically charged debate. Previous mutilations of soldiers’ bodies have generally been kept secret to avoid just the sort of news media firestorm that has erupted. National elections are scheduled to be held in Pakistan by May and in India by sometime in 2014.


Hari Kumar contributed reporting.



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