Yen rebounds slightly against dollar






NEW YORK: The yen edged higher against the dollar Friday after days of declines on expectations Japan would implement more monetary easing under its new prime minister.

The dollar stood at 85.98 yen around 2200 GMT, down from 86.09 late Thursday.

In Asian trade earlier in the day, the yen sat at more than two-year lows against the greenback.

Investors have been selling the yen on expectations newly-elected Prime Minister Shinzo Abe will carry out his promises of more aggressive monetary easing and big government spending to lift inflation and kickstart the economy.

While noting that Abe and members of his government have "made it abundantly clear" that they won't back away from their promises, BK Asset Management noted that "dollar/yen appears to be nearing exhaustion and a move down to 85 is likely."

"After climbing to a fresh 2-year high overnight, dollar/yen staged a sharp intraday reversal that left the pair near the day's lows," they said.

The euro also slipped slightly against the yen around 2200 GMT, reaching 113.62 yen around 2200 GMT, compared to 113.97 yen a day earlier.

The common European currency lost a little ground to the dollar, standing at $1.3217 after hitting $1.3235 late Thursday.

In other currencies, the dollar inched up to 0.9134 Swiss francs, while the pound rose to $1.6167.

-AFP/ac



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New law strengthens patents on product designs


Patent law has long protected companies from having the appearance of their products copied, as we saw during this year's copyright battle between Apple and Samsung over the shapes of their smartphones and
tablets. But protections for design patents grew stronger this month, thanks to a new law signed this month by President Barack Obama.


The Patent Law Treaties Implantation Act of 2012, as it is known, amends federal patent law to implement two 5-year-old treaties: the Patent Law Treaty and the Geneva Act of the Hague Agreement Concerning the International Registration of Industrial Designs. The point of the treaties was to make the process of applying for a patent consistent across member countries.



In particular, that means allowing inventors to file patents around the world using a single application. The bill will go into effect about a year from now. And it increases the term of design patents by one year, from 14 to 15.


GigaOm, which has a thorough summary of the new law and its implications, notes that the law will make it easier for U.S. companies to fight knockoffs of their products. At the same time, it could generate even more litigation for a patent system already strained by it.


The GigaOm report notes that design patents have been easier to come by lately than more traditional utility patents, which cover methods instead of visual appearance. It predicts a new wave of design patent applications from foreign companies looking to protect their intellectual property in ways the courts will support.


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'Cliff' Summit Brings Hope for a Deal













Political brinkmanship appears to have created a last minute chance for the White House and Congress to agree on a plan to avoid sending the country over the fiscal cliff.


President Obama emerged from an Oval Office meeting with Congressional leaders this evening to say "we had a constructive meeting today" and that he was "moderately optimistic" that they could devise a federal budget proposal ahead of a Jan. 1 deadline that would otherwise automatically trigger a wide range of tax increases and spending cuts. Economists fear that such a combination could throw the country back into a recession.


He said Senate Majority Leader Harry, a Democrat, and Minority Leader Mitch McConnell, a Republican, were trying to quickly fashion a deal.


"Senators Reid and McConnell are discussing a potential agreement where we can get a bipartisan bill out of the Senate and over to the House in a timely fashion so that we met the Dec. 31 deadline," Obama said in a hastily-arranged statement. "But given how things have been working in this town we always have to wait and see to see whether it actually happens."


Admitting the weekend could ultimately prove fruitless, the president said as a backup plan he had instructed Reid to deliver the Femocratic proposal to the Senate floor for a straight up-or-down vote. That would boost taxes for couples making more than $250,000.






Mandel Ngan/AFP/Getty Images











Sen. Harry Reid Says 'US Headed Over Fiscal Cliff' Watch Video









Fiscal Cliff: Congressional Leaders Squabble at the Last Minute Watch Video







"I believe such a proposal could pass both houses with bipartisan majorities as long as those leaders allow it to actually come to a vote," Obama said. "If members of the House or the Senate want to vote no, they can, but we should let everybody vote. That's the way this is supposed to work. If you can get a majority in the House and you can get a majority in the Senate, then we should be able to pass a bill."


The president lamented that a deal is coming down to the final hours.


"The American people are watching what we do... (their) patience is already thin," the president said. "It's deja vu all over again."


He added later that for Americans the repeated last second efforts to dodge economic crises "is mind boggling to them. It has to stop."


Obama did not give details on what common ground was found behind the West Wing's doors, but ABC News has learned the president did not come to the discussions armed with new proposals. For one, a source familiar with meeting said, the president reiterated his party's past insistence on letting the "Bush-era" tax cuts for income over $250,000 expire, a measure which would affect 2 percent of Americans.


In his brief remarks the president reiterated that this stance was one he campaigned on in the months leading to his November reelection.


Besides Reid and McConnell, the meeting was attended by House Speaker John Boehner, House Minority Leader Nancy Pelosi, ice President Biden and Treasury Secretary Timothy Geithner. Although only four days remain until the deadline, this was the first time the so-called "Big Four" congressional leaders have assembled together in-person in weeks. Their last meeting was Nov. 16.


According to a readout of the meeting from the Speaker's office, "the leaders spent the majority of the meeting discussing potential options and components for a plan that could pass both chambers of Congress."






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Today on New Scientist: 27 December 2012









Best videos of 2012: Spiderman skin stops a bullet

Watch reinforced skin stop a speeding bullet, at number 4 in our countdown of the top videos of the year



Gastrophysics: Some said 'more', others said 'meh'

Network theorists model everything from internet traffic to disease spread. But can they tease out titillating new taste combos? New Scientist gets cooking



Best videos of 2012: Sea lice reduce pig to bones

Watch a microscopic mob devour a pig carcass underwater, as we reach number 5 in our best videos of the year.



2012 review: The year in space

A Mars rover's daredevil landing, a private space-flight boom, and a man leaping from the stratosphere were among the top space news events this year



Photo puzzle: Can you make the connection?

Correctly match up 16 pairs of science-inspired images and enter a draw to win a state-of-the-art Olympus E-PL5 digital camera



Shiver me timbers: The coolest warship ever made

Unsinkable and bulletproof, battleships made from icebergs were the great hope of the second world war, says Stephen Battersby



2013 Smart Guide: Next-generation video games

The upcoming round of consoles promises to deliver a far more immersive video-gaming experience, with super-high-definition and multi-screen action



Dangerous liaisons: Animals' tangled love lives

The surprising mate choices of certain animals are forcing us to reconsider our views of evolutionary theory



Three gods: The hardest logic puzzle ever

Tackle this logisticians' parlour game and you may be a bit closer to understanding the nature of truth itself, says Richard Webb



2012 review: The year in environment

From the devastation wrought by superstorm Sandy to vanishing Arctic sea ice, we round up the biggest environment stories of the year



Feast for the senses: Cook up a master dish

Trick your dinner guests into thinking you're a master chef by manipulating all their senses



2013 Smart Guide: Hot computing for a cool billion

Six mega-projects, from a supercomputer brain simulation to a real-life SimCity on a global scale, are vying for two prizes, each worth $1 billion



New Scientist 2012 holiday quiz

Anatomical incongruities, why men are like fruit flies, a boson by any other name, and much more in our end-of-year quiz



2013 Smart Guide: Supercomet to outshine the moon

A gas cloud crashing into the black hole at the centre of the galaxy and a naked-eye comet promise celestial fireworks in 2013



Dangerous liaisons: Fatal animal attractions

Humans aren't the only animals that can run into trouble when choosing a mate, discovers David Robson



2012 review: Zoologger's 12 beasts of Christmas

Zoologger is our weekly column highlighting extraordinary animals - and occasionally other organisms - from around the world. Here are this year's 12 best



Prehistoric cinema: A silver screen on the cave wall

With cartoon frescoes, shadow theatre and a rudimentary form of animation, our ancestors knew how to bring their stories to life, says Catherine Brahic



Review of 2012: The year's biggest news at a glance

Halt to bird flu experiments, Greece's economic crisis, the Stuxnet computer worm, Curiosity arrives on Mars, and more



How does a traffic cop ticket a driverless car?

Rapid progress means self-driving cars are in the fast lane to consumer reality. Is the law up to speed too, asks legal expert Bryant Walker Smith




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Egypt's Mubarak back in hospital as health worsens






CAIRO: Egypt's state prosecutor on Thursday ordered imprisoned former dictator Hosni Mubarak transferred to a military hospital after his health deteriorated, a source at the prosecutor's office said.

Mubarak, serving a life sentence over the killings of protesters, was briefly taken to hospital on December 19 for scans after he fell in his prison bathroom and hurt his head.

Mubarak, 84, will be returned to prison after he is treated, the source said.

A court sentenced the veteran strongman to life in June for failing to prevent the killings of protesters during the 18-day revolt that ended his three-decade rule in February 2011. Some 850 people died in the uprising.

Since his fall from power, Mubarak's health has appeared to deteriorate significantly, and he has suffered repeated health scares.

He spent nearly a month in hospital after he fell unconscious on June 19, with state media declaring him clinically dead on arrival. Medical sources however said he appeared to have fallen into a temporary coma.

During his time in power, the subject of his health was very much off-limits.

In 2004, he underwent surgery in Germany for a slipped disc, and he returned to Germany in March 2010 for the removal of his gall bladder and a growth on the small intestine.

During his time in power, he survived 10 attempts on his life.

-AFP/ac



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Leaked images suggest BBM video chat coming to BlackBerry 10

Images posted to CrackBerry forums suggest important upgrades coming to BBM.




According to leaked slides posted to CrackBerry's reader forums, RIM's upcoming device running BlackBerry 10 will include video chatting and screen sharing through BBM. The images have since been removed, but the folks at BGR were able to snag one with screenshots and a few details on the speculated features.


According to RIM, BlackBerry 10 is slated for its official launch on January 30.


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How to Live to a Ripe Old Age


Cento di questi giorni. May you have a hundred birthdays, the Italians say, and some of them do.

So do other people in various spots around the world—in Blue Zones, so named by National Geographic Fellow Dan Buettner for the blue ink that outlines these special areas on maps developed over more than a decade. (National Geographic News is part of the National Geographic Society.)

In his second edition of his book The Blue Zones, Buettner writes about a newly identified Blue Zone: the Greek island of Ikaria (map). National Geographic magazine Editor at Large Cathy Newman interviewed him about the art of living long and well. (Watch Buettner talk about how to live to a hundred.)

Q. You've written about Blue Zones in Sardinia, Italy; Loma Linda, California; Nicoa, Costa Rica and Okinawa, Japan. How did you find your way to Ikaria?

A. Michel Poulain, a demographer on the project, and I are always on the lookout for new Blue Zones. This one popped up in 2008. We got a lead from a Greek foundation looking for biological markers in aging people. The census data showed clusters of villages there with a striking proportion of people 85 or older. (Also see blog: "Secrets of the Happiest Places on Earth.")

In the course of your quest you've been introduced to remarkable individuals like 100-year-old Marge Jetton of Loma Linda, California, who starts the day with a mile-long [0.6-kilometer] walk, 6 to 8 miles [10 to 13 kilometers] on a stationary bike, and weight lifting. Who is the most memorable Blue Zoner you've met?

Without question it's Stamatis Moraitis, who lives in Ikaria. I believe he's 102. He's famous for partying. He makes 400 liters [100 gallons] of wine from his vineyards each year, which he drinks with his friends. His house is the social hot spot of the island. (See "Longevity Genes Found; Predict Chances of Reaching 100.")

He's also the Ikarian who emigrated to the United States, was diagnosed with lung cancer in his 60s, given less then a year to live, and who returned to Ikaria to die. Instead, he recovered.

Yes, he never went through chemotherapy or treatment. He just moved back to Ikaria.

Did anyone figure out how he survived?

Nope. He told me he returned to the U.S. ten years after he left to see if the American doctors could explain it. I asked him what happened. "My doctors were all dead," he said.

One of the common factors that seem to link all Blue Zone people you've spoken with is a life of hard work—and sometimes hardship. Your thoughts?

I think we live in a culture that relentlessly pursues comfort. Ease is related to disease. We shouldn't always be fleeing hardship. Hardship also brings people together. We should welcome it.

Sounds like another version of the fable of the grasshopper and the ant?

You rarely get satisfaction sitting in an easy chair. If you work in a garden on the other hand, and it yields beautiful tomatoes, that's a good feeling.

Can you talk about diet? Not all of us have access to goat milk, for example, which you say is typically part of an Ikarian breakfast.

There is nothing exotic about their diet, which is a version of a Mediterranean diet, which emphasizes vegetables, beans, fruit, olive oil, and moderate amounts of alcohol. (Read more about Buettner's work in Ikaria in National Geographic Adventure.)

All things in moderation?

Not all things. Socializing is something we should not do in moderation. The happiest Americans socialize six hours a day.

The people you hang out with help you hang on to life?

Yes, you have to pay attention to your friends. Health habits are contagious. Hanging out with unhappy people who drink and smoke is hazardous to your health.

So how has what you've learned influenced your own lifestyle?

One of the big things I've learned is that there's an advantage to regular low-intensity activity. My previous life was setting records on my bike. [Buettner holds three world records in distance cycling.] Now I use my bike to commute. I only eat meat once a week, and I always keep nuts in my office: Those who eat nuts live two to three more years than those who don't.

You also write about having a purpose in life.

Purpose is huge. I know exactly what my values are and what I love to do. That's worth additional years right there. I say no to a lot of stuff that would be easy money but deviates from my meaning of life.

The Japanese you met in Okinawa have a word for that?

Yes. Ikigai: "The reason for which I wake in the morning."

Do you have a non-longevity-enhancing guilty pleasure?

Tequila is my weakness.

And how long would you like to live?

I'd like to live to be 200.


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Retired Gen. Norman Schwarzkopf Dead at 78















Retired Gen. H. Norman Schwarzkopf, who topped an illustrious military career by commanding the U.S.-led international coalition that drove Saddam Hussein's forces out of Kuwait in 1991 but kept a low public profile in controversies over the second Gulf War against Iraq, died Thursday. He was 78.



Schwarzkopf died in Tampa, Fla., where he had lived in retirement, according to a U.S. official, who was not authorized to release the information publicly and spoke on condition of anonymity.



A much-decorated combat soldier in Vietnam, Schwarzkopf was known popularly as "Stormin' Norman" for a notoriously explosive temper.



He served in his last military assignment in Tampa as commander-in-chief of U.S. Central Command, the headquarters responsible for U.S. military and security concerns in nearly 20 countries from the eastern Mediterranean and Africa to Pakistan.



Schwarzkopf became "CINC-Centcom" in 1988 and when Saddam Hussein invaded Kuwait three years later to punish it for allegedly stealing Iraqi oil reserves, he commanded Operation Desert Storm, the coalition of some 30 countries organized by then-President George H.W. Bush that succeeded in driving the Iraqis out.



At the peak of his postwar national celebrity, Schwarzkopf — a self-proclaimed political independent — rejected suggestions that he run for office, and remained far more private than other generals, although he did serve briefly as a military commentator for NBC.





While focused primarily in his later years on charitable enterprises, he campaigned for President George W. Bush in 2000 but was ambivalent about the 2003 invasion of Iraq, saying he doubted victory would be as easy as the White House and Pentagon predicted. In early 2003 he told the Washington Post the outcome was an unknown:



"What is postwar Iraq going to look like, with the Kurds and the Sunnis and the Shiites? That's a huge question, to my mind. It really should be part of the overall campaign plan," he said.



Initially Schwarzkopf had endorsed the invasion, saying he was convinced that former Secretary of State Colin Powell had given the United Nations powerful evidence of Iraqi weapons of mass destruction. After that proved false, he said decisions to go to war should depend on what U.N. weapons inspectors found.



He seldom spoke up during the conflict, but in late 2004, he sharply criticized then-Defense Secretary Donald Rumsfeld and the Pentagon for mistakes that included inadequate training for Army reservists sent to Iraq and for erroneous judgments about Iraq.



"In the final analysis I think we are behind schedule. ... I don't think we counted on it turning into jihad (holy war)," he said in an NBC interview.



Schwarzkopf was born Aug. 24, 1934, in Trenton, N.J., where his father, Col. H. Norman Schwarzkopf Jr., founder and commander of the New Jersey State Police, was then leading the investigation of the Lindbergh kidnap case, which ended with the arrest and 1936 execution of German-born carpenter Richard Hauptmann for stealing and murdering the famed aviator's infant son.



The elder Schwarzkopf was named Herbert, but when the son was asked what his "H'' stood for, he would reply, "H." Although reputed to be short-tempered with aides and subordinates, he was a friendly, talkative and even jovial figure who didn't like "Stormin' Norman" and preferred to be known as "the Bear," a sobriquet given him by troops.





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Three gods: The hardest logic puzzle ever


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US to reach debt limit on New Years Eve






WASHINGTON: The United States government will reach its statutory 16.39-trillion-dollar debt limit -- a ceiling imposed by Congress -- on Monday, Treasury Secretary Timothy Geithner said.

In a letter Wednesday to Senate Majority Leader Harry Reid, Geithner said the treasury would take "extraordinary measures" to postpone the day the US could default on its liabilities, but could not say how long it had.

Geithner warned that if the White House and US lawmakers fail to agree on a budget compromise to prevent the economy plunging over the "fiscal cliff", also due on December 31, then he could not be sure when the money would dry up.

He said the extraordinary measures -- halting the issuance of securities to state and local governments -- could create approximately $200 billion in headroom that under normal circumstances would last about two months.

But he added: "However, given the significant uncertainty that now exists with regard to unresolved tax and spending policies for 2013, it is not possible to predict the effective duration of these measures."

As of midday (1700 GMT) Friday, the United States will "begin taking certain extraordinary measures authorized by law to temporarily postpone the date the United States would otherwise default on its legal obligations."

The suspended securities are low-interest instruments given local and state government to allow them to invest proceeds from their own bond sales.

They are often suspended when the government is in talks to avoid breaching a debt ceiling.

Geithner's letter came as the White House and Republican lawmakers were locked in an impasse about the "fiscal cliff," a package of steep tax hikes and spending cuts that are due to take effect in January.

Experts say a failure to strike a compromise on the matter by New Years Eve could plunge the world's biggest economy into recession, and wrangling over the debt ceiling will only increase the political and economic uncertainty.

Already in mid-2011, Washington went through a vicious political battle over raising the debt ceiling. In the end, the fight culminated in the poison pill compromise that has become the fiscal cliff.

-AFP/ac



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