Leading economic indicator rises in October
















WASHINGTON (Reuters) – A gauge of future U.S. economic activity rose marginally in October, pointing to modest growth in the near term.


The Conference Board said on Wednesday its Leading Economic Index increased 0.2 percent to 96.0 after advancing 0.5 percent in September. It was the second consecutive month of gains and was in line with economists’ expectations.













“Based on the trends, the economy will continue to expand modestly through the early months of 2013,” said Ken Goldstein, an economist at the Conference Board.


Goldstein said superstorm Sandy, which ravaged the East Coast at the end of October, was not yet fully reflected in the LEI data. He cautioned, however, that the storm could adversely affect consumer spending and home building in the short-term.


“In addition, the outcome of the fiscal cliff debates is another factor that could alter the outlook,” said Goldstein.


The fiscal cliff refers to automatic government spending cuts and higher taxes that could suck about $ 600 billion from the economy early next year. Business confidence has taken a dive in recent months on fears of tighter fiscal policy.


(Reporting By Lucia Mutikani; Editing by Andrea Ricci)


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Greek PM presses for deal on loan
















ATHENS, Greece (AP) — Greece has reacted with dismay to the European Union‘s failure to agree to release vital rescue loan funds for the debt-ridden country, with the prime minister warning it was not just Greece’s future that hangs in the balance.


The delay prolongs uncertainty over the future of Greece, which faces a messy default that would threaten the entire euro currency used by 17 EU nations.













Prime Minister Antonis Samaras stressed that Greece has done what its creditors from the EU and International Monetary Fund required. “Our partners, along with the IMF, also must do what they have committed to doing,” he said.


He said that “it is not just the future of our country, but the stability of the entire eurozone” that depend on the success of negotiations in coming days.


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NJ jury convicts NY man in iPad data breach case
















NEWARK, N.J. (AP) — A federal jury on Tuesday convicted a man of illegally gaining access to AT&T‘s servers and stealing more than 120,000 email addresses of iPad users including New York Mayor Michael Bloomberg and film mogul Harvey Weinstein.


Andrew Auernheimer, of New York, was convicted of identity theft and conspiracy to gain unauthorized access to computers. Each count carries a maximum prison sentence of five years.













Prosecutors said the former Fayetteville, Ark., resident was part of an online group that tricked AT&T’s website into divulging email addresses including those of Bloomberg, Weinstein, then-White House chief of staff Rahm Emanuel, who’s now Chicago’s mayor, and other celebrities.


The group then shared the addresses with the website Gawker, which published them in redacted form accompanying a news article about the breach, prosecutors said.


A second man arrested with Auernheimer early last year, Daniel Spitler, of San Francisco, pleaded guilty that June.


At the time of the arrests, U.S. Attorney Paul Fishman said there was no evidence the men used the swiped information for criminal purposes. But authorities cautioned that it could have wound up in the hands of spammers and scam artists.


According to court papers, the men used a computer script they called the iPad3G Account Slurper to fool AT&T’s servers into thinking they were communicating with an iPad. The theft of the email addresses occurred in June 2010.


Prosecutors said at the time of Auernheimer’s arrest that he had bragged about the operation in a blog posting and in an interview with CNET published online after the Gawker article. Court papers also quoted him declaring in a New York Times article: “I hack, I ruin, I make piles of money. I make people afraid for their lives.”


Auernheimer, after he was charged and released on bail, had declined to comment.


iPad maker Apple Inc., based in Cupertino, Calif., referred questions to AT&T, which acknowledged a security weak spot on a website that exposed the email addresses. AT&T said the vulnerability affected only iPad users who signed up for its 3G wireless Internet service and said it had fixed the problem.


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Academy Sues Over “Deer Hunter” Oscar Statuette
















LOS ANGELES (TheWrap.com) – A possibly counterfeit Oscars trophy for the 1978 film has sparked a very real lawsuit.


The Academy of Motion Picture Arts and Sciences has filed suit in U.S. District Court in Washington state over an Oscar statuette that “was either a genuine statuette or a very convincing counterfeit.”













If it’s real, the trophy was the one awarded to Aaron Rochin for his sound work on the 1978 film “The Deer Hunter.”


The Academy is suing Washington resident James Dunne, who sold the statue, and Edgard G. Francisco, who purchased it.


Dunne initially offered the statuette for sale on eBay in September but deleted the listing for fear that the Academy might discover it, according to the suit, which was filed last week. He later privately sold the statue of Florida resident Francisco for $ 25,000, the suit says.


The suit goes on to allege that after an appraisal, Francisco decided the statuette was fake and demanded a $ 15,000 refund. Dunne claims he provided a full refund. He also claims that he told Francisco that the trophy might not be authentic before he bought it.


Dunne told the Academy that he had either picked up the statuette at a moving sale or obtained it from a third party who got it at an estate sale.


After getting the refund, the suit says, Francisco threw the statuette away.


The Academy’s suit is two-fold: If the trophy was real, the Academy is seeking restitution for the loss of its property; if it was fake, the Academy claims that the pair infringed on the organization’s Oscars copyright.


The latter would seem to be the more probable scenario in this case. For one thing, the Academy says that the identification number for the statuette would place its manufacture in 1979, while the eBay auction billed it as a “Rare Pre-1950 Academy of Motion Picture Arts and Sciences OSCAR Statue Award!”


The Academy is asking for unspecified damages, plus suit costs and attorneys’ fees.


(Pamela Chelin contributed to this report)


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Rockets hold up aid for Gaza from Israel
















TEL AVIV (Reuters) – Hamas rockets forced the closure of the main crossing point for humanitarian aid from Israel to Gaza on Tuesday, holding up the transfer of more than 100 truckloads of food and medical supplies including anesthetics, Israeli officials said.


Despite the fact its air force is bombarding the coastal enclave, Israel is trying to maintain the essential daily flow of basic foodstuffs into the Gaza Strip where most of 1.7 million Palestinians are dependent on aid.













A Twitter message from the Israel Defence Forces (IDF) said that “120+ trucks of supplies from Israel are waiting at Gaza border crossing. Hamas is firing rockets at the crossing. Trucks can’t enter now”.


Israel says it launched its military offensive a week ago to halt increasing Islamist militant rocket fire on southern Israeli communities close to the Gaza Strip.


The Kerem Shalom crossing at the extreme south of the Israel-Gaza border, next to Egyptian territory, is the only freight passage into the blockaded territory.


No comment was available from Hamas. But a Palestinian liaison official said the crossing was closed after some mortar bombs landed at Kerem Shalom and work was suspended after just one hour of operations. The western-backed Palestinian Authority liaises with Israel on Kerem Shalom transfers.


For security reasons, it operates on a back-to-back system: trucks go in from Israel and offload within the protective concrete walls of the terminal, then trucks come in from the Gaza end and load up.


Since the start of the latest round of violence, now in its seventh day, Israel’s Coordinator of Government Activities in the Territories (COGAT), says it has let in 123 trucks loaded with food, medicine and fuel, including 43 that passed on Tuesday before rockets started to fall.


The rest of the transfer included 16 truckloads of medical equipment “specifically vital equipment, such as medicines, anesthetics and disposable medical equipment”, COGAT said.


The main Israeli fortified crossing-point at Erez was opened to permit the exit of 26 patients and their escorts into Israel in order to receive medical treatment, the authority added.


“While Israel is committed to providing continued assistance, it is subject to the limitations created by continuous rocket fire and attacks on the part of Hamas and other extremists groups in Gaza,” COGAT said.


“Rocket attacks endanger the staff manning the crossing and often hinder or prevent the transfer of goods,” it added.


The United Nations Relief and Works Agency for Palestinian Refugees (UNRWA) says 1.2 million Gazans rely on UNRWA assistance, which enters the territory via Israel.


“UNRWA will continue to provide food aid to more than 800,000 refugees in the Strip. Our schools are providing a place of safe shelter. Our health clinics remain open and ready to bring medical care to the children, the sick, and the elderly,” the agency said in its latest update on the crisis.


In relatively normal times about 130 truckloads of aid — mainly bulk staples — go through the Kerem Shalom crossing daily.


(Additional reporting by Nidal al-Mughrabi; Editing by Giles Elgood)


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U.S. fiscal impact of great concern to Canada: Canada’s Harper
















TORONTO (Reuters) – Any fiscal problems that would significantly slow the U.S. economy would be of great concern to Canada, Canadian Prime Minister Stephen Harper said on Monday.


The United States needed a credible medium-term fiscal plan, Harper said at a business forum in Ottawa, adding that he was following the U.S. fiscal debate with “great interest.”













(Reporting by Solarina Ho)


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Kopp: Impostor filed motion in NY Facebook case
















BUFFALO, N.Y. (AP) — Lawyers fighting a New York man’s ownership claim against Facebook Inc. say a bizarre motion bearing the name of convicted abortion doctor killer James Charles Kopp earlier this month was apparently filed by an impostor.


In court papers, Facebook lawyers say they received a sworn statement from the imprisoned Kopp Monday denying he’s filed any motion in Paul Ceglia‘s lawsuit. An accompanying letter from Kopp to the federal judge handling the case says someone is impersonating him.













The motion signed with Kopp’s name had sought permission to intervene in Ceglia’s lawsuit while accusing Ceglia of a litany of personal slights, threats and crimes. Kopp’s serving life in prison for the 1998 killing of Dr. Barnett Slepian in suburban Buffalo.


Facebook says the Kopp motion, even if it’s real, should be denied.


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Patrick Wilson, Rose Byrne to reprise roles for “Insidious” sequel
















LOS ANGELES (TheWrap.com) – FilmDistrict, Alliance Films and Sony Pictures Worldwide Acquisitions will bring “Insidious Chapter 2,” the sequel to last year’s hit film “Insidious,” to U.S. theaters on August 30, 2013, the companies announced Monday.


Patrick Wilson, Rose Byrne, Lin Shaye and Ty Simpkins will reprise their roles in the film, which “Insidious” director James Wan will direct from a script written by Leigh Whannell who also wrote the first film.













Jason Blum, who produced “Insidious,” is producing the low-budget sequel through his Blumhouse Productions. Brian Kavanaugh Jones, Oren Peli, Steven Schneider, and Charles Layton are executive producing. Production on the sequel is set to begin on January 15 in Los Angeles.


Sony Pictures Worldwide Acquisitions acquired the U.S. rights to the film in conjunction with FilmDistrict. The film is being financed by Alliance Films. FilmDistrict will distribute the film theatrically in the United States, with Sony handling the majority of ancillary rights in the U.S.


Alliance Films will distribute in Canada, the U.K. (via its Momentum Pictures subsidiary) and Spain (via Aurum), and Sony Pictures Worldwide Acquisitions will distribute in all other international territories.


Peter Schlessel, FilmDistrict’s CEO, said: “We are all very excited to see the next chapter of James and Leigh’s vision of the Further. It’s great to be in business again with Blumhouse, Alliance and Sony.”


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Teens Turn to Protein Shakes to Pump Up
















Teens may be chugging protein shakes and taking other muscle-enhancing supplements more often than previously thought, a new study found.


According to a self-reported survey conducted among adolescent males and females, nearly 35 percent said they used protein powders and shakes, while almost 6 percent reported using steroids, according to study author Maria Eisenberg of the University of Minnesota in Minneapolis, and colleagues. Both both behaviors were more common among boys versus girls.













Read this story on www.medpagetoday.com.


In comparison, recent studies with population-based samples of U.S. youth have indicated that 8 percent of females and 10.2 percent of males reported the use of protein supplements.


Use of muscle-enhancing products or behaviors to bulk up, such as different eating habits or exercising more, were significantly associated with grade level, Asian race, body mass index, and sports team participation, the current authors wrote in Pediatrics online.


Women and how media images impact thinness and body image has been the subject of a great deal of research, but images of men depicted in the popular media show people who are increasingly large, lean, and muscular, the authors pointed out.


“Boys’ body dissatisfaction has simultaneously increased, and research has demonstrated that exposure to images of extremely muscular models contributes to body dissatisfaction and muscle dysmorphia in young men,” they wrote.


For the current study, they gathered data through the Eating and Activity in Teens (EAT 2010) study, a large, population-based study of weight status, dietary intake, physical activity, weight control behaviors, and related factors for adolescents from the Minneapolis and St. Paul metropolitan area during the 2009 to 2010 school year.


The study included a 235-question self-report survey and physical measurements of participants height and weight.


The authors focused on participant response to questions related to frequency of participation in any of five muscle-enhancing behaviors over the year prior to the survey, including altered eating behaviors and exercising more — considered “healthy” behaviors as well as use of protein powder or shakes, use of steroids, or use of other muscle-building substances, such as creatine, amino acids, or growth hormones, considered “unhealthy” behaviors.


Participants also reported their school level, gender, race, socioeconomic status based on parental educational attainment, body mass index (BMI), sports team participation, and weight status.


The study population consisted of 2,793 students with a mean age of 14.4 and almost equally divided among females (53.2 percent) and males (46.8 percent). Nearly 30 percent of the participants were black and about 20 percent were white or Asian.


Almost 60 percent of the study population played at least one after-school sport.


Among boys, the authors found that more than two-thirds reported changing their eating to increase their muscle size or tone, and 90 percent exercised more to increase their muscle mass or tone. In terms of the prevalence of “unhealthy” behaviors:


5b88a  img bullet bluedot Teens Turn to Protein Shakes to Pump Up34.7 percent reported using protein powders or shakes


5b88a  img bullet bluedot Teens Turn to Protein Shakes to Pump Up5.9 percent reported using steroids


5b88a  img bullet bluedot Teens Turn to Protein Shakes to Pump Up10.5 percent reported using some other muscle-enhancing substance


Among the girls, 21.2 percent reported using protein powders, while 4.6 percent said they used steroids, and 5.5 percent used other muscle-enhancing substances.


The authors also found that overweight and obese girls had significantly greater odds of using protein powders or shakes than girls of average BMI.


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Canada pledges again to balance budget by 2015
















OTTAWA/NEW YORK (Reuters) – The Canadian government on Friday reiterated its intention to balance its budget by 2015, three days after projecting there would be deficits until 2016-17.


In separate appearances in Quebec City and New York, Prime Minister Stephen Harper and Finance Minister Jim Flaherty were at pains to say they still intended to end the red ink by 2015.













“It remains the government’s plan, intention, to balance the budget prior to the next federal election. The recent economic and fiscal update by the minister indicates we are actually very close to that objective,” Harper told reporters in Quebec City. The next election is in October 2015.


Flaherty’s fall fiscal update on Tuesday had pushed back the target date for eliminating the deficit by a year, to 2016-17, citing a weak global economy.


But the minister said in a speech in New York that the government was on track to balance the budget in the next two to three years, barring major external events, and he later clarified that he intended a balanced budget by 2015.


“The prime minister’s always correct,” he chuckled.


He sought to explain the discrepancy by saying the fiscal update had built in a C$ 3 billion ($ 3 billion) contingency cushion, meaning there was an underlying surplus of C$ 1.2 billion for 2015-16. He said the projection of a C$ 1.8 billion deficit amounted to about half a percent of the C$ 275 billion federal budget.


“There’s lots of water to go under the bridge between now and then,” he said.


The opposition New Democratic Party noted the discrepancy in a release headlined: “Stephen Harper makes stuff up about balancing the budget.”


It pointed out that balancing the budget by the next election was not the same as balancing it by 2016-17.


As it is, even the 2015-16 timetable is a year later than offered in the Conservative campaign for reelection in May 2011. They had promised a balanced budget by 2014-15, followed by major personal income tax relief before the 2015 election.


Flaherty’s timetable drew criticism this week from the Canadian Taxpayers Federation, which said the minister had become expert at kicking the can down the road.


The projections could be thrown out of whack if the United States goes off the fiscal cliff, a set of automatic tax hikes and spending cuts that are to be triggered on January 2 if legislators and the White House cannot agree on a more nuanced budget deal.


Flaherty said U.S. failure to avert the fiscal cliff would cause a significant and immediate decline in Canada’s gross domestic product, and he would counter it.


Referring to a possible economic shock from Europe or the United States, he said: “If that were to happen and if the Canadian economy were to be pushed back into recession with the resulting danger for higher unemployment and the danger always of a prolonged recession, then we would act.”


He added: “We would not stand by and let that happen. The kinds of measure we can take: there are various tax measures we can take, there are measures with respect to stimulus we can take, these are things that we have done before and we can do again.”


On Tuesday, Flaherty spoke of having prepared various contingency plans.


(Additional reporting by Louse Egan; Editing by David Gregorio)


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