Yen under pressure, Asian stocks subdued


SYDNEY (Reuters) - The yen plumbed a 2-1/2 year low against the dollar on Monday, grabbing the Asian spotlight amid subdued trading for the region's stock markets, with the focus on Japan's central bank as it faced unrelenting political pressure to deliver bold stimulus.


Prime Minister Shinzo Abe on Sunday said the Bank of Japan (BOJ) must set a 2 percent inflation target and make it a medium-term, not long-term, goal to show markets it was determined to pursue bold monetary easing to end nearly two decades of deflation.


His comments emboldened yen bears, who took a fresh swipe at the currency. That saw the U.S. dollar hit a high of 89.67 yen, a level not seen since mid-2010, while the euro came within a whisker of 120.00 yen, scaling a 20-month peak.


"The confirmation that there's going to be a push for a new (BOJ) governor, that new governor is going to have a mandate of 2 percent inflation, that plus the fiscal stimulus is a major negative for the yen," said Callum Henderson, global head of FX research for Standard Chartered Bank in Singapore.


In contrast, equity markets had little news to go on, and MSCI's broadest index of Asia-Pacific shares outside Japan was barely changed, remaining near a 17-month peak set on Friday. Tokyo markets were closed for a public holiday.


Having staged a 2-percent rally at the start of the year on growing optimism about the health of the global economy, stock markets appeared to be pausing for confirmation of a brighter global growth outlook.


Australian's benchmark S&P/ASX 200 index rose 0.3 percent, Hong Kong's Hang Seng index advanced 0.4 percent and South Korea's KOSPI gained 0.2 percent, reversing earlier losses.


"The KOSPI will continue to be rangebound before U.S. housing data and China's GDP data are released later this week," said Kim Joo-yong, an analyst at Bookook Securities.


Analysts at HSBC believe global developments this week will support demand for riskier assets, with U.S. and Chinese data likely to show further momentum in the world's two biggest economies.


"In addition, the Fed speaker calendar is dominated by doves in the early part of the week. These should provide reassurance that the Fed is in no rush to turn off the liquidity tap despite these early signs of encouragement on activity," they said in a client note.


Federal Reserve Chairman Ben Bernanke is due to speak at the University of Michigan on Monday and investors are eagerly waiting for clues on how long the Fed's latest bond purchase program will last.


Any signs that the Fed is in no hurry to end its quantitative easing program could see the U.S. dollar soften further against higher-yielding currencies such as the Australian dollar and those of faster-growing emerging economies.


The Aussie dollar rose 0.1 percent to $1.0549, within easy reach of a four-month high of $1.0599 set last week.


The euro was up 0.4 percent at a fresh nine-month high of $1.3404, continuing to outperform the greenback after European Central Bank chief Mario Draghi last week gave no indication the bank would ease monetary policy any further.


Commodity prices found some traction after last week's decline. U.S. crude rose 60 cents to $94.16 a barrel, recovering from Friday's 26-cent fall, while Brent crude gained 32 cents to $110.96 a barrel.


Copper edged up 0.4 percent to $8,075 a metric ton and gold was a shade firmer at $1,665 an ounce.



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Patriots beat Texans 41-28, Ravens up next


FOXBOROUGH, Mass. (AP) — Tom Brady is so good at this playoff thing he seems to be going for a championship every year.


He gets another chance to lead the Patriots to the Super Bowl after earning his record 17th postseason victory in New England's 41-28 victory over Houston Sunday. Brady even outdid his childhood hero, Joe Montana, and a fourth NFL championship would equal Montana's haul.


"I love playing, I love competing, I love being a part of this organization," said Brady, who threw for three touchdowns and 344 yards. "I think I've just been fortunate to play on some great teams over the years. I never take it for granted."


Next up is Baltimore, which stunned top-seeded Denver in double overtime Saturday, and lost 23-20 at Gillette Stadium last January in the last step before the Super Bowl. But the Ravens beat the Patriots in Week 3 this season at Baltimore.


"I think the two best teams are in the final," Brady said. "Baltimore certainly deserves to be here and so do we."


Seldom-used Shane Vereen scored three times, twice on pinpoint throws from Brady, as New England (13-4) beat Houston (13-5) for the second time in a month.


Brady was missing some key helpers, including tight end Rob Gronkowski, who broke his left arm and is out for the rest of the playoffs, a person with knowledge of the injury told The Associated Press.


However, he got the usual outstanding performance from Wes Welker, his favorite target the last six years. The AFC's top receiver with 118 catches this season, Welker looked like he might reach that total against Houston's befuddled defense. He caught six in the first half for 120 yards, including a 47-yarder, and wound up with eight for 131.


And the AFC East champion Patriots got more than anyone could have predicted from third-string running back Vereen, who scored their first two TDs on a 1-yard run and an 8-yard pass. He capped his biggest pro performance with an over-the-shoulder 33-yard catch early in the fourth period.


It was Brady's 41st postseason TD pass, behind only Brett Favre (44) and, you guessed it, Montana (45).


Nice company to be keeping.


"I grew up a 49ers fan," Brady said after throwing for three touchdowns in the AFC divisional playoff. "Joe Montana and Steve Young ... those guys are in another class.


"I hope I am around for a few more years," the 35-year-old Brady added with a smile.


The boost from Vereen offset the loss of not only Gronkowski, but running back Danny Woodhead (thumb) in the first quarter.


"Shane had a great game, just a huge growing up moment for him, very special," Brady said. "There were a lot of guys who made a lot of plays."


New England's defense helped put away the Texans. Rob Ninkovich's leaping third-quarter interception stopped a drive, and six plays later, Brady hit Brandon Lloyd for a 6-yard score.


Although the Texans got two fourth-quarter TDs on passes by Matt Schaub, their season ended with four defeats in their last six games. That slump cost the AFC South champions the top seed in the playoffs, forcing a trip to New England after they beat Cincinnati in the wild-card round.


The Texans couldn't measure up.


"Whenever the season ends, no matter when, it's really hard," tight end Owen Daniels said. "The farther along you get, the harder it is to take. It's one we wanted to win really bad. It's tough to swallow ... but one team gets to have a smile on their face at the end of the season, and it's not us this year."


Unlike their 42-14 loss here a month ago, the Texans didn't fold early. J.J. Watt, their dominating defensive end, bothered Brady, and when they fell behind 17-3, they had the fortitude to climb back.


Arian Foster did all the work after Danieal Manning's second big kickoff return, this one a 35-yarder that had 15 yards tacked on when kicker Stephen Gostkowski brought down Manning with a horse-collar tackle. The Pro Bowl runner covered all 47 yards on a five-play drive and his 1-yard run — he barely squeezed into the end zone — made it 17-10.


Houston forced a three-and-out, and a short punt gave the Texans another shot just before halftime. They got close enough for Shayne Graham to kick a 55-yard field goal as the half ended.


But the Patriots pulled away in the third quarter for coach Bill Belichick's 17th postseason win, third behind Tom Landry (20) and Don Shula (19).


Now come the Ravens.


"It's sweet just playing in the AFC championship," defensive tackle Vince Wilfork. "It's a team that beat us earlier this year at their house, and a team that's riled up for us."


Needing a quick jolt after being blown out by the Patriots on Dec. 10, the Texans got it on the opening kickoff from Manning. He took the ball 6 yards in his end zone and never hesitated in returning it. He broke free at the Houston 30 and wasn't run down until reaching the New England 12.


That spark didn't even last one play, though, and Houston wound up with Graham's 27-yard field goal 63 seconds in.


And when the Texans closed the first half with a 10-point spurt, they wasted the momentum by allowing a quick touchdown drive to open the third period. Brady went to the familiar (Welker and tight end Aaron Hernandez) on that series before second-year back Stevan Ridley scored on an 8-yard burst.


New England lost Gronkowski and Woodhead almost immediately. Gronkowski missed five regular-season games with a broken left forearm, but returned for the finale. Eight Patriots plays on offense and he was gone again.


So Brady found other targets; he probably could complete passes to Belichick for big gains.


Vereen was an unlikely star. After gaining 400 yards overall during the season, he picked up 124 against the Texans. He had four touchdowns in the regular season.


"I don't come into the game knowing how much anyone is going to play," Vereen said. "I come into the game ready to go, and if my number is called, I do my best for the team."


NOTES: Brady is 3-2 in Super Bowls and if he reaches a sixth, he'll join a club that currently totals one player: defensive tackle Mike Lodish. ... New England has played in eight AFC championship games, going 7-1, including 5-1 with Brady and Belichick. ... Brady threw for 344 yards, and Schaub threw for 343. Schaub's TD passes were 25 yards to DeVier Posey and 1 to Foster. ... Foster had 90 yards rushing, the first time in four playoff games he did not reach 100. But his 515 tie for most in a player's first four playoff games with Denver's Terrell Davis.


___


Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL


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Cold Weather Returns To North Texas







 Cold Weather Returns To North Texas

Reporting Jeff Ray








We had some sleet/rain fall this early morning across northern parts of the metro all the way up into the Red River counties. A Weather Advisory was issued to 8am; the storms quickly moved out of the area as the sun broke for our Sunday.

Highs today only reached into the low 40′s. The brisk north winds made it feel colder than that.

We’ll have lows drop down to the mid-20′s. There is a chance we’ll see some light snow/sleet fall in our southeast corner late tonight from Palestine over to Athens; likely not enough to make roads a trouble. Elsewhere it’ll just cold with some clouds.

Highs tomorrow should stay in the low 40′s again with a brisk wind form the NE 10-15mph. Morning clouds should give why to partly sunny skies.

Highs are going to be in the 40′s on Tuesday and Wednesday as well. There is a chance we could see traces of sleet or snow in the air on Tuesday where there is cloud cover. The better chance of a rain/sleet mix is actually on Wednesday.

A SHOT OF WINTER WEATHER POSSIBLE

For the last several days we’ve been watching how the forecast models handle an upper level low that develops over the Trans-Pecos and swings over north Texas.

Models are back and forth and exactly where it “closes” and slows down. If it happens far enough west of us this could mean a mix of sleet and freezing rain. Right now we’ll include light amounts in the forecast for us on Wednesday; an ice event is forecast for Arkansas and Louisiana  This is close enough to us to keep our attention as we draw closer to the event.

We should warm up by next weekend, we are forecasting highs around 60 for Saturday and Sunday. A pool for very cold air looks to hit us just after the weekend as we’ll fall back to below-normal temperatures.




Weather News Headlines – Yahoo! News





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Quest: U.S. economy to dominate Davos




The United States and the sorry state of its political and budgetary process will be the center of attention at Davos, writes Quest




STORY HIGHLIGHTS


  • Quest: Davos is a chance to see where the political and economic landmines are in 2013

  • Quest: People will be speculating about how dysfunctional the U.S. political process has become

  • Quest: Davos has been consumed by eurozone sovereign debt crises for three years




Editor's note: Watch Quest Means Business on CNN International, 1900pm GMT weekdays. Quest Means Business is presented by CNN's foremost international business correspondent Richard Quest. Follow him on Twitter.


(CNN) -- It is that time of the year, again. Come January no sooner have the Christmas trees been taken down, as the winter sales are in full vicious flood the world of business start thinking about going to the world economic forum, better known as Davos.


For the past three years Davos has been consumed by the eurozone sovereign debt crises.


As it worsened the speculation became ever more frantic.....Will Greece leave the euro? Will the eurozone even survive? Was this all just a big German trick to run Europe? More extreme, more dramatic, more nonsense.


Can China be the biggest engine of growth for the global economy. Round and round in circles we have gone on these subjects until frankly I did wonder if there was anything else to say short of it's a horrible mess!


This year there is a new bogey man. The US and in particular the sorry state of the country's political and budgetary process will, I have little doubt, be the center of attention.


Read more: More 'cliffs' to come in new Congress


Not just because Congress fluffed its big test on the fiscal cliff, but because in doing so it created many more deadlines, any one of which could be deeply unsettling to global markets... There is the $100 billion budget cutbacks postponed for two months by the recent agreement; postponed to the end of February.


At exactly the same time as the US Treasury's ability to rob Peter to pay Paul on the debt ceiling crises comes to a head.


Read more: Both Obama, GOP set for tough talks ahead


The Treasury's "debt suspension period" is an extraordinary piece of financial chicanery that if we tried it with our credit cards would get us locked up!! Then there is the expiration of the latest continuing resolution, the authority by which congress is spending money.


There is the terrifying prospect that all these budget woes will conflate into one big political fist fight as the US faces cutbacks, default or shutdown!!


I am being alarmist. Most rational people believe that the worst sting will be taken out of this tail....not before we have all been to the edge...and back. And that is what Davos will have on its mind.


People will be speculating about how dysfunctional the US political process has become and is it broken beyond repair (if they are not asking that then they should be...)




They will be pondering which is more serious for risk...the US budget and debt crises or the Eurozone sovereign debt debacle. A classic case of between the devil and the deep blue sea.




The official topic this year is Resilient Dynamism. I have absolutely no idea what this means. None whatsoever. It is another of WEF's ersatz themes dreamt up to stimulate debate in what Martin Sorrell has beautifully terms "davosian language" In short everyone interprets it as they will.




What I will enjoy, as I do every year, is the chance to hear the global players speak and the brightest and best thinkers give us their take on the global problems the atmosphere becomes febrile as the rock-stars of finance and economics give speeches, talk on panels and give insight.




Of course comes of these musings, it never does at Davos. That's not the point. This is a chance to take stock and see where the political and economic landmines are in 2013. I like to think of Davos as the equivalent of Control/Alt/Delete. It allows us to reboot.


We leave at least having an idea of where people stand on the big issues provided you can see through the panegyrics of self congratulatory back slapping that always takes place whenever you get like minded people in one place... And this year, I predict the big issue being discussed in coffee bars, salons and fondue houses will be the United States and its budgetary woes.







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Golden Globes: 'Les Miz' 'Argo' and 'Girls' win big

The Best Actress nominee struggles to keep her "Girls" in her beautiful Zac Posen gown and reveals her favorite way to watch her hit HBO show.









Hosting the 70th Golden Globes Sunday in Beverly Hills, Tina Fey and Amy Poehler proved it was possible to skewer their Hollywood colleagues without entirely alienating the crowd, as distinct from previous host Ricky Gervais.


Some 20 years after Fey and Poehler first met as improvisers at the Chicago comedy hub i.O. Theater, the pair were relaxed, funny and fully in control as they took in a room filled with the biggest stars of films “that have only been in theaters for two days,” and “the rat-faced people of television.”


Aside from their opening monologue, however, Fey and Poehler popped up only intermittently throughout the NBC broadcast.








The show — which included a rambling and unwieldy speech by lifetime achievement award winner Jodie Foster and a surpise win for “Argo” as best picture and Ben Affleck as best director — could have used their spikey interjections to give a discombobulated night a stronger throughline.


But the co-hosts' bits right at the top were pure gold. Referring to the controversy surrounding the depiction of torture in “Zero Dark Thirty,” Poehler teed up a joke that probably came closest to Gervais-level comedic bite, noting of director Kathryn Bigelow: “I haven't been following the controversy … but when it comes to torture, I trust the lady who spent three years married to James Cameron,” a line that prompted a shocked laugh from “Zero Dark” star (and best actress winner) Jessica Chastain.


Fey aimed her own zinger toward “Django Unchained” filmmaker Quentin Tarantino (a winner for best screenplay), whom she called “the star of all my sexual nightmares,” and then looked over at “Les Miserables” co-star Anne Hathaway (best actress in a film comedy or musical) and remarked, “I have not seen someone totally alone and abandoned (as Hathaway's ‘Miserables' character, Fantine) since you were onstage with James Franco hosting the Oscars.” Poehler noted a significant absence in the audience Sunday: “Meryl Streep is not here tonight because she has the flu — and I hear she's amazing in it.”


On the red carpet earlier in the night, Fey and Poehler stressed that their own nominations were the least of their concerns, and when their names were announced as nominess, Fey jokingly gritted her teeth with Jennifer Lopez by her side, while Poehler snuggled up to George Clooney. Neither won. The honor went to “Girls” creator and star Lena Dunham, who thanked her fellow nominees “for getting me through middle school.” (“Girls” also won for best comedy television series.) As a follow-up, Fey and Poehler appeared on stage, drinks in hand, disconsolate. “Glad we got you through middle school, Lena,” said Fey, who then directed her attention towards singer Taylor Swift: “You stay away from Michael J. Fox's son,” she instructed. “Or go for it,” added Poehler.


In TV, the big winner was “Homeland,” which was named best drama. The Showtime drama also notched acting wins for stars Damian Lewis and Claire Danes, echoing their Emmy wins. That came as no surprise — unlike Don Cheadle's win (over the likes of Alec Baldwin, Jim Parsons and Louis C.K.) for his role in “House of Lies,” also on Showtime.


In the movie categories, Jennifer Lawrence (“Silver Linings Playbook”) toppled Streep, Maggie Smith and Judi Dench in winning best actress in a comedy or musical, accepting her award with a sly wink at noted awards-season campaigner and movie mogul Harvey Weinstein: “Harvey, thank you for killing whoever you had to kill to get me up here today.” Best supporting actor honors went to Christoph Waltz as the German bounty hunter in “Django Unchained.”


Former President Bill Clinton made an unexpected appearance to introduce the clips from “Lincoln,” a film that depicts a commander in chief pushing a bill through Congress with the help of some unsavory deal-making. “I wouldn't know anything about that,” joked Clinton. Poehler then followed him onstage and exclaimed, “Oh my God, that's Hillary Clinton's husband!” Daniel Day-Lewis won best actor for his performance in “Lincoln,” as well.


Some lighter moments shone: Hilariously, presenters Kristen Wiig and Will Ferrell pretended to have seen each of the movies nominated, when clearly they hadn't, a bit that amused most in the audience — with the exception of a stone-faced Tommy Lee Jones. Upon her win, Hathaway clutched her Golden Globe and said, “Thank you for this lovely, blunt object” that she would forevermore use “as a weapon against self-doubt.” (Previous Golden Globe winner Richard Dreyfuss later Tweeted: “Lovely blunt objects make only OK weapons against self-doubt. #goldenglobes #trustme.”)


Michael Haneke, the Austrian filmmaker whose “Amour” won for Best Foreign Film, was awarded the prize by Arnold Schwarzenegger. “I never thought I would get an award in Hollywood from an Austrian,” he said.


Smith (not in attendance) won for best supporting actress in a TV series as the droll dowager countess on the PBS hit “Downton Abbey.”


The best surprise reaction early on had to be from pop star Adele. Winning best original song for the theme to the James Bond film “Skyfall,” she admitted she'd come to the awards with a fellow new mom, both eager for a night out: “We've been (wetting) ourselves laughing,” she said. Wrapping up the night, Poehler announced: “We're going home with Jodie Foster.”





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France bombs Islamist strongholds in north Mali


BAMAKO/PARIS (Reuters) - French fighter jets pounded Islamist rebel strongholds deep in northern Mali on Sunday as Paris poured more troops into the capital Bamako, awaiting a West African force to dislodge al Qaeda-linked insurgents from the country's north.


The attacks on Islamist positions near the ancient desert trading town of Timbuktu and Gao, the largest city in the north, marked a decisive intensification on the third day of the French mission, striking at the heart of the vast area seized by rebels in April.


France is determined to end Islamist domination of northern Mali, which many fear could act as a base for attacks on the West and for links with al Qaeda in Yemen, Somalia and North Africa.


Defense Minister Jean-Yves Le Drian said France's sudden intervention on Friday had prevented the advancing rebels from seizing Bamako. He vowed that air strikes would continue.


"The president is totally determined that we must eradicate these terrorists who threaten the security of Mali, our own country and Europe," he told French television.


Residents and rebel leaders had reported air raids early on Sunday in the towns of Lere and Douentza in central Mali, forcing Islamists to withdraw. As the day progressed, French jets struck targets further to the north, including near the town of Kidal, the epicenter of the rebellion.


In Gao, a dusty town on the banks of the Niger river where Islamists have imposed an extreme form of sharia law, residents said French jets pounded the airport and rebel positions. A huge cloud of black smoke rose from the militants' camp in the city's north, and trucks ferried dead and wounded to hospital.


"The planes are so fast you can only hear their sound in the sky," resident Soumaila Maiga said by telephone. "We are happy, even though it is frightening. Soon we will be delivered."


Paris said four Rafale jets flew from France to strike rebel training camps, logistics depots and infrastructure around Gao with the aim of weakening the rebels and preventing them from returning southward.


"We blocked the terrorists' advance and from today what we've started to do is to destroy the terrorists' bases behind the front line," French Foreign Minister Laurent Fabius told LCI television.


France has deployed about 550 soldiers to Mali under "Operation Serval" -- named after an African wildcat -- split between Bamako and the town of Mopti, 500 km (300 miles) north.


In Bamako, a Reuters cameraman saw more than 100 French troops disembark on Sunday from a military cargo plane at the international airport, on the outskirts of the capital.


The city's streets were calm, with the sun streaking through the dusty air as the seasonal Harmattan wind blew from the Sahara. Many cars had French flags draped from the windows to celebrate Paris's intervention.


"We thank France for coming to our aid," said resident Mariam Sidibe. "We hope it continues till the north is free."


AFRICAN TROOPS EXPECTED


More than two decades of peaceful elections had earned Mali a reputation as a bulwark of democracy, but that image unraveled in a matter of weeks after a military coup in March which left a power vacuum for the Islamist rebellion.


France convened a U.N. Security Council meeting for Monday to discuss Mali. French President Francois Hollande's intervention has won plaudits from leaders in Europe, Africa and the United States but it is not without risks.


It raised the threat level for eight French hostages held by al Qaeda allies in the Sahara and for the 30,000 French expatriates living in neighboring, mostly Muslim states.


Concerned about reprisals, France has tightened security at public buildings and on public transport. It advised its 6,000 citizens to leave Mali as spokesmen for Ansar Dine and al Qaeda's north Africa wing AQIM promised to exact revenge.


In its first casualty of the campaign, Paris said a French pilot was killed on Friday when rebels shot down his helicopter.


Hours earlier, a French intelligence officer held hostage in Somalia by al Shabaab extremists linked to al Qaeda was killed in a failed commando raid to free him.


Hollande says France's aim is simply to support a mission by West African bloc ECOWAS to retake the north, as mandated by a U.N. Security Council resolution in December.


With Paris pressing West African nations to send their troops quickly, Ivory Coast President Alassane Ouattara, who holds the rotating ECOWAS chairmanship, kick-started the operation to deploy 3,300 African soldiers.


Ouattara, installed in power with French military backing in 2011, convened a summit of the 15-nation bloc for Saturday in Ivory Coast to discuss the mission.


"The troops will start arriving in Bamako today and tomorrow," said Ali Coulibaly, Ivory Coast's African Integration Minister. "They will be convoyed to the front."


The United States is providing transportation and communications support for the push against the Islamist rebels, a U.S. official told Reuters, speaking on condition of anonymity.


The U.S. support also includes intelligence sharing, the official said, without elaborating. Earlier on Sunday, another U.S. official said Washington was considering sending a small number of unarmed surveillance drones.


Britain and Canada have also promised logistical support.


Former French colonies Senegal, Niger and Burkina Faso have all pledged to deploy 500 troops within days. In contrast, regional powerhouse Nigeria, due to lead the ECOWAS force, has suggested it would take time to train and equip the troops.


HOUSE-TO-HOUSE SEARCHES


France, however, appeared to have assumed control of the operation on the ground. Its air strikes allowed Malian troops to drive the Islamists out of the strategic town of Konna, which they had briefly seized this week in their southward advance.


Calm returned to Konna after three nights of combat as the Malian army crushed any remaining rebel fighters. A senior army official said more than 100 rebels had been killed.


"Soldiers are patrolling the streets and have encircled the town," one resident, Madame Coulibaly, told Reuters by phone. "They are searching houses for arms or hidden Islamists."


Analysts expressed doubt, however, that African nations would be able to mount a swift operation to retake north Mali -- a harsh, sparsely populated terrain the size of France -- as neither the equipment nor ground troops were prepared.


"My first impression is that this is an emergency patch in a very dangerous situation," said Gregory Mann, associate professor of history at Columbia University, who specializes in francophone Africa and Mali in particular.


While France and its allies may be able to drive rebel fighters from large towns, they could struggle to prise them from mountain redoubts in the region of Kidal, 300 km (200 miles) northeast of Gao.


Human Rights Watch said at least 11 civilians, including three children, had been killed in the fighting. A spokesman for Doctors Without Borders in neighboring Mauritania said about 200 Malian refugees had fled across the border to a camp at Fassala and more were on their way.


In Bamako, civilians tried to contribute to the war effort.


"We are very proud and relieved that the army was able to drive the jihadists out of Konna. We hope it will not end there, that is why I'm helping in my own way," said civil servant Ibrahima Kalossi, 32, one of over 40 people who queued to donate blood for wounded soldiers.


(Additional reporting by Adama Diarra, Tiemoko Diallo and Rainer Schwenzfeier in Bamako, Pascal Fletcher in Johannesburg, Joe Bavier in Abidjan, Catherine Bremer, Leila Aboud and John Irish in Paris and Phil Stewart in Washington; Writing by Daniel Flynn; Editing by Will Waterman and Roger Atwood)



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Ravens top Broncos in double OT 38-35


DENVER (AP) — Welcome to NFL immortality, Joe Flacco.


Somewhere up there in the all-time playoff archives near the "Hail Mary" by Staubach and the "Immaculate Reception" by Franco now lives the "Flacco Fling" by the Baltimore Ravens quarterback.


One big throw down the sideline, 70 make-or-break yards on a wing and a prayer — a high, arcing touchdown pass that soared through the icy air, flew over two defenders, landed in the hands of Jacoby Jones, saved the game for Baltimore and kept Ray Lewis' 17-year career going at least one more week.


The record will show Justin Tucker kicked a 47-yard field goal 1:42 into the second overtime Saturday to give the Ravens a 38-35 victory over Peyton Manning and the Denver Broncos. The highlight? That would be Flacco's game-tying touchdown to Jones on third-and-3 from the 30 with 31 seconds left in regulation and no timeouts.


"At that point," Flacco said, "you have to start taking shots. You have to get a little lucky."


And while Flacco gets to celebrate that throw, Manning will have a long offseason to think about a really bad one.


On Denver's second possession of overtime, he stopped and threw across his body to the middle of the field and into the arms of Ravens cornerback Corey Graham at Denver's 45. Baltimore (12-6) ran five plays and gained 16 yards before Tucker sailed his winning kick down the middle.


The Manning throw, intended for Brandon Stokley, was one that quarterbacks from junior high to the pros are advised not to make. It's a throw that unraveled all the good Manning has accomplished during this, his comeback season from neck surgery during which he threw for 37 touchdowns and led the Broncos (13-4) to top seeding in the AFC.


"Yeah, bad throw," Manning said. "Probably the decision wasn't great either. I thought I had an opening, and I didn't get enough on it, and I was trying to make a play and certainly a throw I'd like to have back."


Lewis, who led the Ravens with 17 tackles over this nearly 77-minute game in 13-degree weather, kneeled down to the ground and put his helmet on the rock-solid turf when it was over.


"I've never been a part of a game so crazy in my life," he said.


After he thaws out, the Ravens, 9½-point underdogs for this one, will get ready for a game at either New England or Houston, who meet Sunday for the other spot in the AFC title game.


This game, the longest since the Browns beat the New York Jets 23-20 in 1987, was an all-timer — up there with San Diego's 41-38 double-overtime victory over Miami for drama. But Flacco's throw might best be bookended next to one made by Dallas quarterback Roger Staubach, who famously brought the term "Hail Mary" to football after his game-winning toss to Drew Pearson beat Minnesota in the 1975 playoffs.


Staubach was near midfield when he threw his.


Flacco, who finished with 331 yards and three scores, was standing around the 20 for his throw, buying time in the pocket when he saw Jones sprinting down the right sideline into double coverage.


Defensive back Tony Carter slowed up and let Jones streak by him. Instead of staying step for step with Jones, safety Rahim Moore tried to leap and knock down the ball. Flacco, who throws the high, deep ball as well as anyone, got it over Moore's head and into Jones' hands.


"I started to step up in the pocket and I kept my eye on the safety's depth at that point," Flacco said. "Just felt I had a shot of maybe getting over him. At that point in the game, you don't have any timeouts, when you've got to go a pretty decent length you've got to start taking shots at some point. It happened to work out."


Jones caught it and pranced into the end zone, blowing kisses toward the crowd.


"I was kissing to God. I was thanking the lord," Jones said. "I don't disbelieve in myself. I've been believing in myself since I was born. Never no disbelief."


Moore was on the verge of tears after the game.


"The loss, it was my fault," Moore said. "I got a little too happy. It was pathetic. My fault. Next time I'll make that play."


The teams were tied at 14 after the first quarter, 21 at halftime, 28 after three quarters and at 35-35 after regulation.


They punted three times to start overtime, the last of them setting up Denver on its 7-yard line.


Manning was moving the Broncos along slowly and steadily. But on second-and-6 from the 38, he rolled to his right, stopped, planted and threw across the field. Graham stepped in front of Stokley for the interception. The Ravens D-back also had a first-quarter interception, which he returned 39 yards for a touchdown and a 14-7 lead.


On many days, the two interceptions would have made him the star of the game. On this day — he was just another player making big plays for Baltimore. Even he was amazed at the Flacco-Jones touchdown.


" It was one of those miraculous plays," Graham said. "I don't think it'll ever be forgotten."


The wind chill at kickoff was 2 degrees, and Manning, wearing an orange-and-gray glove to get more feel in the icy weather, fell to 0-4 lifetime in playoff games when the temperature is 40 or less. He finished 28 for 43 for 290 yards and accounted for all three Denver turnovers — the two picks and a lost fumble that set up the touchdown that tied the game at 28 late in the third quarter.


Combined, the mistakes nullified a record-setting day for returner Trindon Holliday, who returned a punt 90 yards for a touchdown and a kickoff 104 yards for another score. Both were playoff records for longest returns, as was the 248 total return yards he had.


This was, more or less, the unthinkable for the Broncos, who came in on an 11-game winning streak and the odds-on favorite, at 3-1, to win the Super Bowl — in Manning's hometown of New Orleans, no less.


Instead, this loss goes down with the most devastating in Denver history. Right there with the 30-27 loss to the Jacksonville Jaguars on Jan. 4, 1997 — another year when Denver looked very much like Super Bowl material.


"Certainly we did a lot of good things this season, but as of right now, it's hard to think about anything besides the loss tonight," Manning said.


Baltimore, meanwhile, will get ready for its second straight trip to the AFC title game.


Last year, Billy Cundiff missed a 32-yard field goal against New England that would have tied that game at the end of regulation.


This year, the Ravens had Tucker, and though the temperature was cold and the ball was hard, coach John Harbaugh showed zero desire to get the ball closer after Ray Rice ran for 11 yards to the Denver 34 near the end of the first overtime.


Tucker was making them from 67 yards in pre-game warmups and was practicing during the break between overtime periods.


"I always feel good when I go out on the field," he said. " Not many people get to do this. This is a heck of a lot of fun."


While he finished the day 1 for 1, Broncos kicker Matt Prater missed his only try, from 52 yards, when he hit the turf, then the ball, on an attempt at the end of the first half.


Broncos coach John Fox will be second-guessed about the decision to go for the long kick, especially considering the way Flacco responded: Throwing and completing three straight passes after the miss for a 58-yard touchdown drive that tied the game at 21 going into halftime.


The touchdown was a 32-yard connection to Torrey Smith, marking the second time Smith beat Broncos cornerback Champ Bailey. Smith also got behind the 12-time Pro Bowler for a 59-yard touchdown in the first quarter.


"The first one — I lost it," Bailey said. "The second one, he just made a great play. I was in position, he made a good play. That's why he's in the league."


All part of an uncharacteristic day for the Broncos, who routed Baltimore on its home field, 34-17, less than a month ago.


But on this day, the coldest playoff game in Broncos history, these were different teams playing for different stakes.


Flacco improved to 7-4 in playoff game. Rice finished with 131 yards and a score. With Lewis manning the middle of the field, the Broncos offense didn't look like the well-oiled machine it had over a winning streak dating to a 35-24 comeback win over San Diego in October.


The Ravens, meanwhile, looked more like the team that began the season 9-2 instead of the one that finished it losing four of their last five. And boy did they and the Broncos put on a show.


"That football game," Harbaugh said, "did football proud."


___


Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL


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Wall Street Week Ahead: Attention turns to financial earnings

NEW YORK (Reuters) - After over a month of watching Capitol Hill and Pennsylvania Avenue, Wall Street can get back to what it knows best: Wall Street.


The first full week of earnings season is dominated by the financial sector - big investment banks and commercial banks - just as retail investors, free from the "fiscal cliff" worries, have started to get back into the markets.


Equities have risen in the new year, rallying after the initial resolution of the fiscal cliff in Washington on January 2. The S&P 500 on Friday closed its second straight week of gains, leaving it just fractionally off a five-year closing high hit on Thursday.


An array of financial companies - including Goldman Sachs and JPMorgan Chase - will report on Wednesday. Bank of America and Citigroup will join on Thursday.


"The banks have a read on the economy, on the health of consumers, on the health of demand," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.


"What we're looking for is demand. Demand from small business owners, from consumers."


EARNINGS AND ECONOMIC EXPECTATIONS


Investors were greeted with a slightly better-than-anticipated first week of earnings, but expectations were low and just a few companies reported results.


Fourth quarter earnings and revenues for S&P 500 companies are both expected to have grown by 1.9 percent in the past quarter, according to Thomson Reuters I/B/E/S.


Few large corporations have reported, with Wells Fargo the first bank out of the gate on Friday, posting a record profit. The bank, however, made fewer mortgage loans than in the third quarter and its shares were down 0.8 percent for the day.


The KBW bank index <.bkx>, a gauge of U.S. bank stocks, is up about 30 percent from a low hit in June, rising in six of the last eight months, including January.


Investors will continue to watch earnings on Friday, as General Electric will round out the week after Intel's report on Thursday.


HOUSING, INDUSTRIAL DATA ON TAP


Next week will also feature the release of a wide range of economic data.


Tuesday will see the release of retail sales numbers and the Empire State manufacturing index, followed by CPI data on Wednesday.


Investors and analysts will also focus on the housing starts numbers and the Philadelphia Federal Reserve factory activity index on Thursday. The Thomson Reuters/University of Michigan consumer sentiment numbers are due on Friday.


Jim Paulsen, chief investment officer at Wells Capital Management in Minneapolis, said he expected to see housing numbers continue to climb.


"They won't be that surprising if they're good, they'll be rather eye-catching if they're not good," he said. "The underlying drive of the markets, I think, is economic data. That's been the catalyst."


POLITICAL ANXIETY


Worries about the protracted fiscal cliff negotiations drove the markets in the weeks before the ultimate January 2 resolution, but fear of the debt ceiling fight has yet to command investors' attention to the same extent.


The agreement was likely part of the reason for a rebound in flows to stocks. U.S.-based stock mutual funds gained $7.53 billion after the cliff resolution in the week ending January 9, the most in a week since May 2001, according to Thomson Reuters' Lipper.


Markets are unlikely to move on debt ceiling news unless prominent lawmakers signal that they are taking a surprising position in the debate.


The deal in Washington to avert the cliff set up another debt battle, which will play out in coming months alongside spending debates. But this alarm has been sounded before.


"The market will turn the corner on it when the debate heats up," Prudential Financial's Krosby said.


The CBOE Volatility index <.vix> a gauge of traders' anxiety, is off more than 25 percent so far this month and it recently hit its lowest since June 2007, before the recession began.


"The market doesn't react to the same news twice. It will have to be more brutal than the fiscal cliff," Krosby said. "The market has been conditioned that, at the end, they come up with an agreement."


(Reporting by Gabriel Debenedetti; editing by Rodrigo Campos)



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NASA Buys Private Inflatable Room for Space Station






NASA has officially signed a deal to attach an inflatable private module to the International Space Station, space agency officials confirmed today (Jan. 11).


Under the new deal, NASA will pay $ 17.8 million to the Nevada-based private spaceflight firm Bigelow Aerospace for the company’s Bigelow Expandable Activity Module (BEAM), which will be affixed to the orbiting lab as a technology demonstration.






“This partnership agreement for the use of expandable habitats represents a step forward in cutting-edge technology that can allow humans to thrive in space safely and affordably, and heralds important progress in U.S. commercial space innovation,” NASA deputy chief Lori Garver said in a statement.


Today’s announcement confirms reports that surfaced earlier this week. Garver and Bigelow founder and president Robert Bigelow will discuss the BEAM program at a media event Jan. 16 at Bigelow Aerospace facilities in North Las Vegas, NASA officials said.


BEAM is likely to be similar to Bigelow’s Genesis 1 and Genesis 2 prototypes, which the company launched to orbit in 2006 and 2007, respectively. Both Genesis modules are 14.4 feet long by 8.3 feet wide (4.4 by 2.5 meters), with about 406 cubic feet (11.5 cubic m) of pressurized volume.


NASA officials have said that BEAM could be on orbit about two years after getting an official go-ahead. The module will likely be launched by one of the agency’s commerical cargo suppliers, California-based SpaceX or Virginia-based Orbital Sciences Corp. 


Bigelow’s dreams don’t stop at the International Space Station. The company wants to launch and link up several of its larger expandable modules to create private space stations, which could be used by a variety of clients.


Tenants could get to orbiting Bigelow habitats in several different ways. The company has set up a partnership with SpaceX for use of its Dragon spacecraft and another one with Boeing, to use the aerospace giant’s CST-100 capsule.


Bigelow is also eyeing a possible outpost on the moon, for which the company envisions using its BA-330 modules (so named because they offer 330 cubic meters of usable internal volume). Several BA-330 habitats, along with propulsion tanks and power units, would be joined together in space and then flown down to the lunar surface.


Lunar dirt would be piled over the modules to protect against radiation, thermal extremes and micrometeorite strikes. Then clients — be they explorers, scientists or tourists — could move in and set up shop on the moon.


Follow SPACE.com senior writer Mike Wall on Twitter @michaeldwall or SPACE.com @Spacedotcom. We’re also on Facebook and Google+


Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Quest: U.S. economy to dominate Davos




The United States and the sorry state of its political and budgetary process will be the center of attention at Davos, writes Quest




STORY HIGHLIGHTS


  • Quest: Davos is a chance to see where the political and economic landmines are in 2013

  • Quest: People will be speculating about how dysfunctional the U.S. political process has become

  • Quest: Davos has been consumed by eurozone sovereign debt crises for three years




Editor's note: Watch Quest Means Business on CNN International, 1900pm GMT weekdays. Quest Means Business is presented by CNN's foremost international business correspondent Richard Quest. Follow him on Twitter.


(CNN) -- It is that time of the year, again. Come January no sooner have the Christmas trees been taken down, as the winter sales are in full vicious flood the world of business start thinking about going to the world economic forum, better known as Davos.


For the past three years Davos has been consumed by the eurozone sovereign debt crises.


As it worsened the speculation became ever more frantic.....Will Greece leave the euro? Will the eurozone even survive? Was this all just a big German trick to run Europe? More extreme, more dramatic, more nonsense.


Can China be the biggest engine of growth for the global economy. Round and round in circles we have gone on these subjects until frankly I did wonder if there was anything else to say short of it's a horrible mess!


This year there is a new bogey man. The US and in particular the sorry state of the country's political and budgetary process will, I have little doubt, be the center of attention.


Read more: More 'cliffs' to come in new Congress


Not just because Congress fluffed its big test on the fiscal cliff, but because in doing so it created many more deadlines, any one of which could be deeply unsettling to global markets... There is the $100 billion budget cutbacks postponed for two months by the recent agreement; postponed to the end of February.


At exactly the same time as the US Treasury's ability to rob Peter to pay Paul on the debt ceiling crises comes to a head.


Read more: Both Obama, GOP set for tough talks ahead


The Treasury's "debt suspension period" is an extraordinary piece of financial chicanery that if we tried it with our credit cards would get us locked up!! Then there is the expiration of the latest continuing resolution, the authority by which congress is spending money.


There is the terrifying prospect that all these budget woes will conflate into one big political fist fight as the US faces cutbacks, default or shutdown!!


I am being alarmist. Most rational people believe that the worst sting will be taken out of this tail....not before we have all been to the edge...and back. And that is what Davos will have on its mind.


People will be speculating about how dysfunctional the US political process has become and is it broken beyond repair (if they are not asking that then they should be...)




They will be pondering which is more serious for risk...the US budget and debt crises or the Eurozone sovereign debt debacle. A classic case of between the devil and the deep blue sea.




The official topic this year is Resilient Dynamism. I have absolutely no idea what this means. None whatsoever. It is another of WEF's ersatz themes dreamt up to stimulate debate in what Martin Sorrell has beautifully terms "davosian language" In short everyone interprets it as they will.




What I will enjoy, as I do every year, is the chance to hear the global players speak and the brightest and best thinkers give us their take on the global problems the atmosphere becomes febrile as the rock-stars of finance and economics give speeches, talk on panels and give insight.




Of course comes of these musings, it never does at Davos. That's not the point. This is a chance to take stock and see where the political and economic landmines are in 2013. I like to think of Davos as the equivalent of Control/Alt/Delete. It allows us to reboot.


We leave at least having an idea of where people stand on the big issues provided you can see through the panegyrics of self congratulatory back slapping that always takes place whenever you get like minded people in one place... And this year, I predict the big issue being discussed in coffee bars, salons and fondue houses will be the United States and its budgetary woes.







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