Senin, 14 Januari 2013

Video: Tiger Woods and Rory McIlroy give us the golf commercial of the year

It's no surprise that Nike announced on Monday that Rory McIlroy would be joining their staff. It's something we've all known for months was going to happen, and the company was so jazzed for the No. 1 player in the world to be on their team that they aired golf's version of the Bird-Jordan H-O-R-S-E game.
McIlroy and Woods are on a range, hitting golf shots and poking fun at one another. It's exactly what you'd expect from Nike, who continually puts out the best commercials in the game and now has a brand new star to play with.

Manning's comeback ends with "stinging" loss to Ravens

(Reuters) - Peyton Manning's bid to reach the Super Bowl in his comeback season ended miserably with a game-costing interception as the Denver Broncos quarterback handed victory to the Baltimore Ravens on Saturday.
The 36-year-old four-time National Football League (NFL) Most Valuable Player was left to wonder what could have been after Baltimore secured a 38-35 double overtime win that ended Manning's season on his home field.
"We had plans for playing next week, guys were excited and to get beat in overtime by a field goal is really disappointing," Manning said.
"We made a lot of strides and accomplished a lot this season but it definitely stings ending in a loss like this."
Manning was cut by the Indianapolis Colts after missing the 2011 season due to various neck surgeries and began the season with many wondering whether he was still capable of being a top caliber quarterback.
By the end of a regular season where he threw for 4,659 yards, 37 touchdowns and led the Broncos to the top playoff seed in the American Football Conference, pundits were wondering if he could add to his 2007 Super Bowl win with the Colts.
But that ambition ended in dramatic fashion.
Manning completed 28-of-43 passes for 290 yards and three touchdowns and played his part in a thrilling playoff encounter but was responsible for all three Denver turnovers -- two interceptions and a lost fumble.
A first quarter pass was picked off by Corey Graham, who returned it 39 yards to put the Ravens ahead 14-7 five minutes into the game.
It got worse late in the first overtime period when Graham superbly picked off a Manning pass intended for Brandon Stokley.
"A bad throw and the decision probably wasn't great either," said Manning. "I thought I had him in the open and didn't get enough on it. Certainly I'd like to have it back.
"It's a very disappointing finish in the game. You can go through lots of plays offensively that you'd like to have back."
Despite the loss, Manning was able to reflect positively on a 13-3 regular season.
"I accomplished a lot more this year than I certainly thought I would have personally and I think the team exceeded its expectations as well," said Manning.
"We really didn't know what to expect from this team. It's hard to form chemistry when you have a lot of new players come in such a short space of time and we did that.
"This is a hard one to swallow but I'm certainly proud of this team and what it went through to get to this point.

Ray Lewis' last ride has at least 1 more stop

DENVER (AP) — Deflated and nearly defeated, Ray Lewis slumped on the heated bench on the sideline, the hood of his heavy jacket pulled over his head. The final seconds of his brilliant career were slipping away, just like Demaryius Thomas had escaped his grasp minutes earlier.
"I've never been a part of a game so crazy in my life," he said.
Thomas' go-ahead touchdown had given Denver a 35-28 lead and now the Ravens were out of timeouts, deep in their territory. Under a minute to go, the "last ride" about to make its final stop on a frozen field in the Rocky Mountains.
Joe Flacco was buying time in the pocket, about to throw the ball away and bring up fourth down at his 30. Peyton Manning was about to beat Baltimore for a 10th straight time, and Lewis was about to call it a career.
Then Lewis spotted Jacoby Jones sprinting past him along the Baltimore sideline. More importantly, so did Flacco, who lofted a high-arcing pass into both double coverage and the frigid Denver night.
Safety Rahim Moore leaped for the interception, only he was a tad too early and a bit too shallow. The football settled into Jones' arms and he pranced into the end zone, his 70-yard touchdown with 31 seconds left tying the game.
Baltimore (12-6) would win on Justin Tucker's field goal in the second overtime.
Lewis' retirement party will wait for another day.
"Awesome. Awesome. Awesome. Awesome. He grew up today," Lewis said of Flacco. "He grew up today and in the tunnel I told him, 'You're the general now. Lead us to a victory. You lead us today. I'm just here to facilitate things.'
"And to look in his eyes, he has something different about him today and I just wanted to encourage him. To watch what he did today is probably one of the greatest things I'll always sit back and remember."
Reminiscing can wait for at least another week. Lewis gets to play again, against either at Houston or New England in the AFC championship game.
Flacco was the hero, but Lewis wasn't a bystander. He was right in the middle of things, providing his usual unyielding leadership.
Lewis made 17 tackles one week after he led the Ravens with 13 stops against Indianapolis while playing for the first time in three months after being sidelined with a torn right triceps.
"We wanted to get this win for Ray and I was going to do everything I could possibly do to get this win," said cornerback Corey Graham.
He did just that, picking off Manning twice, taking the first one back for a touchdown and setting up Tucker's winner in the game's 77th minute with his second interception.
Lewis had a fumble recovery in the third quarter that was negated by a questionable hands-to-the-face call on cornerback Cary Williams, but the Ravens, who were thumped at home by the Broncos 34-17 a month ago, shook it off.
The Broncos (13-4) became the ninth top-seeded team to lose at home in its first game in the playoffs, and to a team that was coming off a short week and playing at altitude, no less.
"When you look back at it and let the emotions calm down, it will probably be one of the greatest victories in Ravens history," Lewis said. "It's partly because of the way everything was stacked against us coming in."
It was even better than his emotion-filled farewell to Baltimore last week, when he did his famous dance coming out of the tunnel and then again after lining up at fullback in victory formation.
"One thing about the playoffs," Lewis said, "the only way to top it is to win the following week."
He said he spoke to his team last week about dismissing all those who said they had no chance.
"What if we do the impossible?" Lewis recounted saying.
It wasn't just the lead-up to the game that was so daunting. The Ravens allowed Trindon Holliday to become the first player in NFL playoff history to return a punt and a touchdown for scores, and both his 90-yard punt return and 104-yard kickoff return were the longest in league postseason history.
"For us to come in here and win, nine- to 10-point underdogs, that's the beautiful part about sports," Lewis said. "That's the thing that, if I miss anything about my career, it will be to listen to what people say you can't do and then to go do it.

Minggu, 13 Januari 2013

French planes bomb Malian district capital of Gao

BAMAKO, Mali (AP) — French fighter jets bombarded the major northern city of Gao on Sunday, pounding the airport, as well as the training camps, warehouses and buildings used by the al-Qaida-linked rebel group controlling the city, according to residents and a statement from the French Ministry of Defense.
Now in its third-day, the French-led effort to take back Mali's north from the extremists occupying it has included airstrikes by jets and combat helicopters on at least four northern towns, of which Gao is the largest. Some 400 French troops have been deployed to the country in the all-out effort to win back the territory from the well-armed rebels, who seized control of an area larger than France itself following a coup in Mali in March.
"French fighter jets have identified and destroyed this Sunday, Jan. 13, numerous targets in northern Mali near Gao, in particular training camps, infrastructure and logistical depots which served as bases for terrorist groups," said the statement from the ministry of defense. It said the action was taken,"In keeping with the mission that has been entrusted to our armed forces."
Residents of the city of Gao confirmed that the targets included the city's airport, as well as the building that served as the base for the town's feared Islamic police, which has carried out numerous Shariah punishments including the public amputations of accused thieves. Gao resident Abderahmane Dicko, a public school teacher, said he and his neighbors heard the jets streaming across the sky between noon and 1 p.m. local time.
"We saw the war planes circling. They were targeting the camps used by the Islamists. They only hit their bases. They didn't shoot at the population," he said.
But the intervention has come with a human cost in the city of Konna, the first to be bombed on Friday and Saturday. A Mali presidential spokesman Ousmane Sy said that 11 Malians were killed. The town's mayor, Sory Diakite, said the dead included three children who threw themselves into a river and drowned trying to avoid the falling bombs.
French President Francois Hollande authorized the military operation, code-named "Serval" for a sub-Saharan wildcat, after it became clear that the advancing rebels could push past the defenses in the town of Mopti, the first town on the government-controlled side, which has the largest concentration of Malian soldiers. The decision catapulted the world and Mali's neighbors into a military operation that diplomats had earlier said would not take place until at least September. France's defense minister said that they had no choice, due to the swift, rebel advance.
On Saturday, the body representing nations in West Africa announced that they would send hundreds of troops of their own, including at least 500 each from Niger, Burkina Faso and Senegal, as well as from Nigeria. They will work alongside French special forces, including a contingent that arrived Saturday in Bamako to secure the capital against retaliatory attacks by the al-Qaida-linked groups occupying Mali's northern half. National television broadcast footage of the French troops walking single-file out of the Bamako airport on Saturday, weapons strapped to their bodies or held over their shoulders.

France: US helping support Mali operation

BAMAKO, Mali (AP) — France claimed new successes in its campaign to oust Islamist extremists from northern Mali on Sunday, bombarding the major city of Gao with airstrikes targeting the airport and training camps used by the al-Qaida-linked rebel group controlling the city.
France's foreign minister also said the 3-day-old intervention is gaining international support, with communications and transport help from the United States and backing from Britain, Denmark and other European countries.
The French-led effort to take back Mali's north from the extremists occupying it has included airstrikes by jets and combat helicopters on at least four northern towns, of which Gao is the largest. Some 400 French troops have been deployed to the country in the all-out effort to win back the territory from the well-armed rebels, who seized control of an area larger than France itself following a coup in Mali nine months ago.
"French fighter jets have identified and destroyed this Sunday, Jan. 13, numerous targets in northern Mali near Gao, in particular training camps, infrastructure and logistical depots which served as bases for terrorist groups," the French Defense Ministry said in a statement.
Residents of Gao confirmed that the targets included the city's airport, as well as the building that served as the base for the town's feared Islamist police, which — in their adherence to a strict version of Muslim law — have carried out numerous punishments including amputating limbs of accused thieves.
Gao resident Abderahmane Dicko, a public school teacher, said he and his neighbors heard the jets screaming across the sky between noon and 1 p.m. local time.
"We saw the war planes circling. They were targeting the camps uses by the Islamists. They only hit their bases. They didn't shoot at the population," he said.
But the intervention has come with a human cost in the city of Konna, the first to be bombed on Friday and Saturday. The town's mayor said that at least 10 civilians were killed, including three children who threw themselves into a river and drowned trying to avoid the falling bombs.
French President Francois Hollande authorized the military operation, code-named "Serval" after a sub-Saharan wildcat, after it became clear that the advancing rebels could push past the defenses in the town of Mopti, the first town on the government-controlled side, which has the largest concentration of Malian soldiers.
The decision catapulted the world and Mali's neighbors into a military operation that diplomats had earlier said would not take place until at least September. France's defense minister said they had no choice because of the swift rebel advance.
On Saturday, the body representing nations in West Africa announced that the member states would send hundreds of troops of their own, including at least 500 each from Niger, Burkina Faso and Senegal, as well as from Nigeria.
They will work alongside French special forces, including a contingent that arrived Saturday in Bamako to secure the Malian capital against retaliatory attacks by the al-Qaida-linked groups occupying Mali's northern half.
TV footage showed the French troops walking single-file out of the Bamako airport, weapons strapped to their bodies or held over their shoulders, like skis.
French Foreign Minister Laurent Fabius said the military effort succeeded in blocking the advance that had prompted the intervention. "The Islamist offensive has been stopped," Fabius said on RTL radio Sunday. "Blocking the terrorists ... we've done it."
He sought to stress that the operation is gaining international backing, despite concern about the risks of the mission in a stretch of lawless desert in weakly governed country. "We have the support of the Americans for communications and transport," Fabius said, but gave no details.
U.S. officials have said they had offered to send drones to Mali and were considering a broad range of options for assistance, including information-sharing and possibly allowing limited use of refueling tankers. British Prime Minister David Cameron also agreed to send aircraft to help transport troops.

French jets bomb major Malian city in north

BAMAKO, Mali (AP) — French fighter jets bombed rebel targets in a major city in Mali's north Sunday, pounding the airport as well as training camps, warehouses and buildings used by the al-Qaida-linked Islamists controlling the area, officials and residents said.
The three-day-old French-led effort to take back Mali's north from the extremists began with airstrikes by combat helicopters in the small town of Konna. It has grown to a coordinated attack by state-of-the-art fighter jets which have bombarded at least five towns, of which Gao, which was attacked Sunday afternoon, is the largest.
More than 400 French troops have been deployed to the country in the all-out effort to win back the territory from the well-armed rebels, who seized control of an area larger than France nine months ago. What began as a French offensive has now grown to include seven other countries, including logistical support from the U.S. and Europe. The United States is providing communications and transport help, while Britain is sending C17 aircrafts to help Mali's allies transport troops to the frontlines.
French President Francois Hollande authorized the intervention after it became clear the swiftly advancing rebels could break Mali's military defenses in Mopti, the first town on the government-controlled side, located in the center of this African country. The move catapulted the world into a fight that diplomats had earlier said would not take place until at least September.
"French fighter jets have identified and destroyed this Sunday, Jan. 13, numerous targets in northern Mali near Gao, in particular training camps, infrastructure and logistical depots which served as bases for terrorist groups," the French defense ministry said in a statement.
French officials have acknowledged that the rebels are better armed than they expected, and one of the first fatalities was a 41-year-old French pilot, whose helicopter was downed by rebel fire near the town of Konna.
The Islamists, including three separate rebel groups, all of which have either direct or indirect ties to al-Qaida, are armed with weapons stolen from the abandoned arsenal of ex-Libyan leader Moammar Gadhafi. They are also in possession of the weapons left behind by Mali's army, which abandoned the north in the face of the rebel advance last April. The fighters managed to seize the territory in the north after a military coup led to political turmoil in the once-stable nation of 15.8 million last March.
A French presidential aide who was not authorized to be publicly named said that the insurgents are "well-equipped, well-armed and well-trained," and are using high-end equipment. "They obtained from Libya modern, sophisticated equipment, much stronger and more efficient than we had imagined," he said.
One of the commanders controlling Gao confirmed that the French had flattened a building at the northern entrance to the town used by his fighters as a checkpoint and that three of his men died, crushed under the structure's falling roof. Oumar Ould Hamaha further confirmed that fighter jets had hit training camps and depots.
He egged on the French, calling them cowards and saying that their attack has only heightened the rebels' desire for jihad. "Our jihadists are not a bunch of sheep waiting to be slaughtered inside a closed pen," said Hamaha. "Listen closely to me. Our elements are constantly on the move. What they hit is a bunch of cement. France is going to reap the worst consequences possible from this. Now no French person can feel safe anywhere in the world. Every French national is a target."
Hamaha said he and his fighters drove to a spot around 1 kilometer (0.6 miles) outside the city to try to lure the jets away from the population center and into a direct confrontation. He claims the jets flying at an altitude of 13,000 meters made a U-turn after seeing the anti-aircraft missiles and weaponry mounted on the rebel trucks.
In Gao, Abderahmane Dicko, a public school teacher, said he and his neighbors heard the triangle-shaped jets screaming across the sky between noon and 1 p.m. local time. "We saw the war planes circling. They were targeting the camps used by the Islamists. They only hit their bases. They didn't shoot at the population," he said.
But the intervention has come with a cost to civilians. In the city of Konna, the first to be bombed, 11 Malians were killed, Mali presidential spokesman Ousmane Sy said. The town's mayor, Sory Diakite, said the dead included three children who threw themselves into a river and drowned while trying to avoid the falling bombs.
In addition to Gao and Konna, other targets have included Douentza, Lere and, late Sunday, the small locality of Agharous Kayoune, as well as Alatona, a rice growing region on the strategic route to the military camp of Diabaly, residents and officials said.
Residents are streaming out of the towns that have been hit. In Lere, people were heading across the nearby border to Mauritania, adding to the hundreds of thousands of refugees already displaced by the crisis in Mali.
French Foreign Minister Laurent Fabius confirmed Sunday that the United States is providing communications and transport assistance. Over the weekend, a U.S. official confirmed that America will be sending drones. Britain has dispatched two, C17 aircrafts to France to help Mali's allies transport troops. Four nations in West Africa have pledged to send hundreds of soldiers, including 500 each from Niger, Burkina Faso and Senegal, as well as from Nigeria.
Additionally, Fabius said Denmark and other European countries are also helping, according to an interview with RTL radio. On Monday, the United Nations Security Council will meet to discuss the crisis in Mali, said Brieuc Pont, a spokesman for the French U.N. Mission said.
French and Malian officials say the lightning offensive has halted the rebels' advance. "The Islamist offensive has been stopped," Fabius said. "Blocking the terrorists ... we've done it."
However, the rebels still control the northern half of Mali, representing the largest area under the grip of al-Qaida and its allies in the world.
The region is larger than Afghanistan, and throughout it, the bearded and turbaned fighters have imposed their unyielding form of Islam. Music is banned, as are cigarettes, tobacco and alcohol. Women are regularly flogged in public for offenses ranging from not covering their ankles to wearing perfume or make-up.

Jumat, 11 Januari 2013

Browns hand head coaching role to Chudzinski

(Reuters) - The Cleveland Browns appointed Rob Chudzinski as their head coach on Thursday, the new man brought in after Pat Shurmur was fired at the end of last month following a disappointing season.
Chudzinski, who spent the past two seasons as offensive coordinator for the Carolina Panthers, becomes the 14th full-time head coach for the Browns.
The 44-year-old will take over a team that ended their 2012 campaign with a 5-11 record after finishing the season with a 24-10 loss to the Pittsburgh Steelers.
Chudzinski, who was tight ends coach for the Browns in 2004 and their offensive coordinator from 2007-08, would be officially introduced as head coach on Friday, Cleveland said in a statement.

Jaguars fire Mularkey after team's worst season

JACKSONVILLE, Fla. (AP) — The more Jacksonville Jaguars owner Shad Khan watched his team play, the more he realized one thing:
"We needed a rebuild from the ground up," Khan said.
So the Jaguars fired coach Mike Mularkey on Thursday after just one season, the worst in franchise history. The move came 10 days after Khan fired general manager Gene Smith.
Khan also introduced new GM David Caldwell on Thursday, and by parting ways with Mularkey, gave him a clean slate heading into 2013.
"I've always been a part of a winner," said Caldwell, who signed a five-year deal. "I've never been a part of a losing team."
But maybe the biggest news of the day came when Caldwell said New York Jets quarterback Tim Tebow, a Jacksonville native who starred at nearly Florida, is not in the team's plans.
"I can't imagine a scenario in which he'll be a Jacksonville Jaguar — even if he's released," Caldwell said.
Caldwell took slightly more time to decide on Mularkey.
Mularkey, who went 2-14 this season, became the eighth head coach fired since the end of the regular season. He looked like he would be one and done when Khan parted ways with Smith last week and gave Mularkey's assistants permission to seek other jobs. Even though Khan ultimately hired Mularkey, Smith directed the coaching search last January that started and ended with the former Atlanta Falcons offensive coordinator.
"I felt like we needed a fresh start here," Caldwell said. "Coming in here as a first-time general manager, I'm looking for a co-builder of our team. When I talked to Shad in terms of a culture change along the football side, I felt like it was more of that. I felt like it was an atmosphere of change. I felt like that to do that, you've got to have a fresh start across the board."
Mularkey's brief tenure — he didn't even last a year — was filled with mistakes. His biggest one may have been his loyalty to Smith, who assembled a roster that lacked talent on both sides of the ball.
Mularkey probably stuck with Smith's franchise quarterback, Blaine Gabbert, longer than he should have. And the coach's insistence that the team was closer than outsiders thought and his strong stance that he had the roster to turn things around became comical as the losses mounted. The Jaguars lost eight games by at least 16 points, a staggering number of lopsided losses in a parity-filled league.
Mularkey would have been better served had he said publicly what he voiced privately: that the Jaguars didn't have enough playmakers or a starting-caliber quarterback.
Instead, he never conceded that Jacksonville was a rebuilding project that needed time.
Now it is — and Khan made that clear Thursday.
"A year ago, when I came here, the organizational judgment was we were a pretty good team, just a few players and a draft away from really competing for a playoff spot," Khan said. "As the year progressed, it was pretty obvious that was not the case, and we would need a fresh start and a rebuild from the ground up."
Mularkey signed a three-year contract on Jan. 11, 2012, getting a second chance to be a head coach six years after resigning with the Buffalo Bills.
His return was shaky from the start.
His best player, running back Maurice Jones-Drew, skipped offseason workouts as well as training camp and the preseason in a contract dispute. His first draft pick, receiver Justin Blackmon, was arrested and charged with aggravated DUI in June. And his team was riddled with injuries, including key ones to linebacker Daryl Smith and Jones-Drew.
Even things Mularkey had control over went awry.
He had to backtrack after saying Chad Henne would compete with Gabbert for the starting job in March. He created a stir by threatening to fine players up to $10,000 for discussing injuries. He initially played rookie receiver Kevin Elliott over Cecil Shorts III early on. And he really irked some players with tough, padded practices late in a lost season.
Throw in the way he handled injuries to receiver Laurent Robinson (four concussions before going on IR) and Jones-Drew (admittedly should have had foot surgery sooner), and there were reasons to doubt whether Mularkey was cut out to be a head coach. Dating back to his final season in Buffalo, Mularkey has lost 20 of his last 23 games.
Caldwell and Mularkey spent four years together in Atlanta, getting to know each other well enough that Caldwell didn't need a sit down with Mularkey after he got the GM job Tuesday.
"It was tough," Caldwell said. "I have a ton of respect for Mike. ... It's never easy and that's probably the worst part of the business."
Potential replacements for Mularkey include former Chicago Bears coach Lovie Smith, Indianapolis Colts offensive coordinator Bruce Arians, St. Louis Rams offensive coordinator Brian Schottenheimer and San Francisco 49ers offensive coordinator Greg Roman.
Schottenheimer was up for the Jacksonville job last season, and Roman has been linked to the Jaguars since Caldwell became the leading candidate to replace Smith.
Roman and Caldwell were teammates and roommates in the 1990's while attending John Carroll University.
"I think Greg is a heck of a coach," Caldwell said.

Browns name Rob Chudzinski new coach

CLEVELAND (AP) — The Browns hauled their coaching search to Arizona and back. They talked to high-profile college coaches, NFL assistants and a fired pro coach who took a team to a Super Bowl.
None of them was hired.
Instead, Rob Chudzinski became their pick.
With no experience as a head coach at any level, Chudzinski was hired Thursday night by the Cleveland Browns, the team he cheered for as a kid. This is Chudzinski's third stint with the team, but this time around he's the guy in charge.
Chudzinski, who spent the past two seasons calling plays as Carolina's offensive coordinator, is the Browns' sixth full-time coach since 1999 and 14th in team history.
Just as it appeared the Browns might be going in another direction, the team selected the 44-year-old Chudzinski to revive a team that has made the playoffs just once in the past 14 years.
Chudzinski will be introduced Friday at an 11 a.m. news conference, where owner Jimmy Haslam and CEO Joe Banner likely will be asked how they selected Banner after speaking to at least seven other candidates and flirting with Chip Kelly before he returned to Oregon.
"Chud," as he's known to players and friends, Chudzinski worked as the Browns' tight ends coach in 2004 and was their offensive coordinator in 2007, when the team won 10 games — their most since an expansion rebirth in 1999.
A lifelong Browns fan who grew up in Toledo, Ohio, Chudzinski replaces Pat Shurmur, another first-time coach when he was hired, who was fired on Dec. 31 after a 5-11 season. For the past two years, Chudzinski has worked with talented Panthers quarterback Cam Newton and resuscitated Carolina's offense, which was one of the league's worst before he arrived.
When Haslam and Banner embarked on their coaching search as 2013 began, the pair vowed they would wait as long as necessary to find "the right coach" for Cleveland. They promised to give their new coach final say over the roster and planned to pair him with an executive to help pick players.
Chudzinski wasn't seen by many as an option.
And then he became the choice.
Chudzinski interviewed with the team on Wednesday, when the club also visited with Cincinnati defensive coordinator Mike Zimmer. Chudzinski appeared to be a long shot for the job, not because he wasn't qualified, but because it was thought Haslam wanted to make a big splash with his first coaching hire.
However, Chudzinski wowed Haslam and Banner during his meeting and the team decided it was time to end its search in its second week.
It's not yet known whom Chudzinski will bring in as coordinators. There are reports he may hire former San Diego coach Norv Turner to run his offense. Chudzinski worked for Turner with the Chargers.
In his first season in Carolina, Chudzinski turned Newton, the No. 1 overall draft pick, loose and the Panthers set club records for total yards (6,237) and first downs (345). Carolina also scored 48 touchdowns after getting just 17 in the season before Chudzinski arrived. The Panthers jumped from last in the league in total yardage to seventh, the biggest improvement since 1999.
Following the season, Chudzinski interviewed for head coaching jobs with St. Louis, Jacksonville and Tampa Bay before returning to Carolina.
In getting the Browns' job, Chudzinski was picked over Zimmer, Montreal Alouettes coach Marc Trestman, fired Arizona coach Ken Whisenhunt and Cardinals defensive coordinator Ray Horton. Whisenhunt was in Cleveland for a second interview on Thursday, and appeared to be the front-runner. The Browns also were expected to interview Indianapolis offensive coordinator Bruce Arians.
Newton continued to develop in his second season with Chudzinski, and the QB's development may have helped his case since the Browns are hoping Brandon Weeden will improve this year after his uneven rookie season.
After his first stint on Cleveland's staff, Chudzinski spent two seasons as San Diego's tight ends coach, working with perennial Pro Bowl standout Antonio Gates.
Taking over the Browns' offense in 2007, Chudzinski helped the Browns go 10-6. They barely missed the playoffs, but four players, including quarterback Derek Anderson, made the Pro Bowl. However, in 2008, the Browns struggled on offense and a six-game losing streak led to a 4-12 finish and Romeo Crennel's firing.
Chudzinski's hiring may not be popular with Cleveland fans, many of whom at fantasies about Nick Saban or Jon Gruden or Kelly brining his supersonic offense to the NFL.
But his selection is in keeping with at least one of Banner's past moves. When he was in Philadelphia's front office, Banner went outside the box and hired Green Bay assistant Andy Reid, a relative unknown who spent 14 seasons with the Eagles.
Now that they've got their coach, the Browns can focus on finding a GM to replace Tom Heckert, fired after three seasons.

Academy Launches Oscar App on Android, Amazon

LOS ANGELES (TheWrap.com) - The Academy launched its official Oscars app on Android and Amazon on Thursday, expanding its initiative to direct fans' attention from the television to the second screen.
The app, already available on the iPad and iPhone, was made available for free on the Google Play store and the Amazon app store, the Academy said. According to iTunes, the iPad app was updated earlier on Wednesday.
Developed by the Academy and Disney/ABC Television Group's digital media arm, the app allows users to see behind-the-scenes videos and stories with host Seth MacFarlane and search information about the nominees. It also features a "My Picks" ballot on which users can organize their dream-team of winners.
On Oscar night on February 24, the app will feature "Backstage Pass," a live telecast from more than a dozen cameras placed on the Red Carpet and throughout the Dolby Theatre - in the press room, the control room, backstage and elsewhere.
And a ticker on the app will notify when a users' favorite actor and actress arrives on stage.
"We're always looking for ways to bring fans closer to the show and this app provides a unique and fun way to do that," Josh Spector, the managing director of digital media and marketing for the Academy, said in a statement. "More fans than ever will be able to enjoy the full Oscar experience now that our app is available to Droid users.

Google now letting Android developers answer their critics in Google Play reviews

In the past year Google (GOOG) has taken steps to eliminate excessive trolling in its Play Store. The company recently integrated Google+ profile names and pictures with Android app reviews and even began allowing some developers to respond to users’ opinions. Google on Thursday revealed to The Next Web that the feature, which was originally for top developers only, has gradually expanded to “additional Google Play developers.” Not only will this help establish better relationships between app developers and their customers, but it will also allow developers to provide feedback and answer questions to critical comments or concerns. Trevor Johns, developer programs engineer at Google, previously said that “conversations are meant to be two-sided, and facilitating discussion between developers and users will ultimately yield better apps, to the benefit of everyone.

Report links drug agents to Secret Service prostitute scandal: NBC

WASHINGTON (Reuters) - Two drug enforcement agents "facilitated a sexual encounter" between a prostitute and a Secret Service agent before an international summit in Colombia last April, NBC News reported on Thursday, citing a Justice Department investigation.
The two Drug Enforcement Administration agents also admitted paying for the sexual services of a prostitute, and used their government-issued BlackBerry devices to arrange the encounters, NBC reported.
A summary of the Justice Department's findings said the agents tried to destroy incriminating information or initially lied to investigators about the incidents, according to the report.
But the summary concluded that the agents' actions did not warrant criminal prosecution, and said the U.S. Attorney's Office declined to start any legal proceedings, referring the case to the DEA for "action it determines to be appropriate."
The Justice Department's office of the inspector general had no comment on Thursday evening.
It was the latest turn in the Colombia prostitution scandal, in which a dozen Secret Service employees were accused of misconduct for bringing women, some of them prostitutes, to their hotel rooms in Cartagena, Colombia, before President Barack Obama's visit there in April.
The Department of Homeland Security found that their actions did not compromise the president's safety. At least seven of the employees have left the agency since the scandal broke.

Rabu, 09 Januari 2013

Exclusive: Bank of Japan may ease again, double price target as government keeps up heat

TOKYO (Reuters) - The Bank of Japan will consider easing monetary policy again this month and also perhaps doubling its inflation target to 2 percent, sources said, as the economy's weakness threatens to delay its escape from two decades of deflation.
Any easing will likely take the form of another increase in the BOJ's 101 trillion yen ($1.2 trillion) asset buying and lending program, mostly for purchases of government bonds and treasury discount bills, sources familiar with its thinking said.
Under intense pressure from new Prime Minister Shinzo Abe, the BOJ will likely adopt a 2 percent inflation target at its January 21-22 rate review, double its current goal, and issue a statement with the government pledging to pursue bold monetary easing steps, the sources said.
By accompanying the new target with more stimulus, the BOJ hopes to show its determination to get the country out of deflation and fend off more radical demands from politicians, such as a revision to the BOJ Law guaranteeing its independence in guiding monetary policy.
"The trend for prices is weak and that's a concern. The outlook for overseas economies is also highly uncertain," said one of the sources who spoke on condition of anonymity due to the sensitivity of the matter.
Markets have not been expecting the BOJ to follow up December's stimulus so quickly, and instead had been speculating on what new policy steps it might take. The 2 percent inflation target has been largely priced in after the BOJ pledged last month to review its current price goal.
After the December easing, Governor Masaaki Shirakawa stressed how much money the BOJ was already pumping into the economy via asset purchases, which was seen as a sign of his reluctance to boost stimulus further.
If the BOJ does ease in January, it would be the first time it has expanded stimulus at successive meetings since 2003, when it was battling a banking crisis amid a five-year experiment with quantitative easing that lasted until 2006.
However, an increase in asset purchases would still disappoint those investors expecting the BOJ to try bolder action in response to Abe's calls for radical steps.
Some BOJ board members have floated other options, such as committing to buy assets open-endedly or cutting the 0.1 percent interest the BOJ pays on excess reserves that financial institutions park with the central bank.
But those ideas have not made much headway and may be put on hold until the conservative Shirakawa's term ends in April. A lack of new steps could disappoint markets and trigger a rebound in the yen, analysts say.
Abe on Wednesday revived a top government panel with legal authority to map out economic policy guidelines, and invited the BOJ chief to attend it regularly, providing more opportunity to put pressure on the central bank.
"It is important that the government and the BOJ have common goals and that both parties work to achieve these goals," said Economics Minister Akira Amari after a meeting of the Council on Fiscal and Economic Policy.
Shirakawa, who was also at the meeting, said fiscal discipline was important to avoid worries that the central bank is bankrolling government spending, a sign of the delicate balance Abe's cabinet must strike when it urges the BOJ ease further by buying more debt.
NO CONSENSUS YET
Central bankers are divided over the necessity for further action. Some officials feel the bank has offered enough stimulus for now, having set a 1 percent inflation target last February and eased policy via an increase in asset purchases five times in 2012.
But a growing number of pessimists fret over persistent price declines and risks for the export-reliant economy, such as the continued slowdown in global growth and slumping sales to China following last year's territorial dispute.
"I think the BOJ will ease policy this month. Sustainable economic growth with price stability is already part of the BOJ's mandate," said Atsushi Mizuno, a former central bank board member who is now vice chairman at Credit Suisse.
"If the BOJ thinks the economy is weakening or straying from the recovery path, then they should ease," he told Reuters in an interview on Wednesday.
In a quarterly review of its long-term forecasts, also scheduled at this month's meeting, the BOJ is likely to cut its forecast for economic growth in the fiscal year ending in March from a 1.5 percent expansion projected in October, the sources said.
While it may slightly revise up its forecast for the next year, the feeble growth projections suggest Japan's exit from deflation remains some way off, which could help the central bank justify loosening policy again.
Government officials are also turning up the heat, demanding further stimulus as well as a higher inflation target.
Core consumer prices, Japan's key gauge of inflation, were down 0.1 percent in November from a year earlier.
Pressure on the BOJ intensified after Abe's Liberal Democratic Party (LDP) won December's lower house election by a landslide, calling on the central bank to set a 2 percent inflation target and ease policy "unlimitedly" to achieve it.
While the central bank is likely to meet Abe's calls for a 2 percent inflation target and issue a joint statement with the government, sources said it will not set a deadline for achieving the target, stressing that 2 percent inflation is a long-term goal that won't be achieved unless its easing is accompanied by government efforts to revive growth, such as deregulation.
Though the statement will not be legally binding, it will put the BOJ's target in the public spotlight and give the government a reason to demand further easing if the goal is not met.

UK goods deficit suggests trade slowed economy in fourth quarter

LONDON (Reuters) - Britain's goods deficit narrowed slightly in November but held above its average for the past year, raising the chance that trade activity in the last three months of 2012 dragged on economic growth.
The Office for National Statistics said on Wednesday that the goods trade gap shrank slightly less than expected to 9.164 billion pounds from October's 9.487 billion pounds, as exports rose faster than imports.
The overall trade deficit - including Britain's customary surplus in services - shrank modestly to 3.466 billion pounds.
"I suspect what (the figures) confirm is that trade will act as a drag on the Q4 (GDP) numbers," said Peter Dixon, economist at Commerzbank.
"Uncertainty around the euro zone debt crisis has not only hampered UK exports, but there is also some evidence that UK firms have turned down business in parts of the euro zone due to credit risk."
But suggestions the data offers further evidence that the UK economy continues to struggle look unlikely to persuade the central bank to extend its stimulus programme at its policy meeting on Thursday.
Goods imports from the European Union, Britain's main trading partner, jumped to their highest by value since May 2006 in November, driven by chemicals and cars.
The trade showing further afield was equally lacklustre.
The goods trade deficit with non-EU countries unexpectedly widened to 4.519 billion pounds from 4.502 billion in October, in contrast to forecasts for drop to 4.2 billion pounds.
December surveys of purchasing managers point to a 0.2 percent dip in British economic output in the fourth quarter of 2012.
But less timely official data on services, manufacturing and construction has been more ambiguous, and some measures point to greater resilience.
A survey showed earlier on Wednesday that the number of people finding jobs via recruitment agencies grew again in December and vacancies rose at the fastest pace in almost two years.
The survey chimed with official data that showed a record 29.6 million Britons in employment in the three months to October, despite the fact that the economy had just emerged from a recession.
On the trade front, Britain's immediate prospects remain dim, given the continuing debt turmoil in the neighbouring euro zone.
But the Bank of England is unlikely to extend its bond-buying quantitative easing programme on Thursday, as worries about sticky inflation take precedence over the weak economic outlook.
Latest British Retail Consortium data showed that shop price inflation stayed at 1.5 percent for the third month running in December, holding at its highest rate since May. The broader official consumer price inflation measure, which also factors in rises in utility bills and university tuition fees, is even higher.
Taking the first 11 months of 2012 together, the goods trade deficit has been running at an average of 8.9 billion pounds a month, compared to 8.4 billion in 2011, the ONS said. This dampens the government's hopes that Britain will rebalance away from an over-reliance on imports.

Slower Ghana growth, inflation raise rate cut hopes

ACCRA (Reuters) - Ghana's annual consumer price inflation eased in December and its economic growth slowed in the third quarter, the West African nation's statistical office said on Wednesday, raising expectations of an interest rate cut.
Inflation dipped to 8.8 percent in December from 9.3 percent in November due in part to improved stability of the local currency, Philomena Nyarko, acting government statistician, told a news conference.
The decline was in line with the government's target to keep the pace of price increases in the single-digits. Analysts, however, said the figure could be misleading, showing the need for a planned rebasing of the consumer price index this year.
"The relative stability of the exchange rate in December and also the base factor of the comparative month year-on-year contributed to the drop," Nyarko said.
The statistics office said the economy of the oil, cocoa and gold producer grew by by just 1.7 percent year-on-year in the third quarter of 2012, citing a decline of 2.2 percent in the country's service sector.
The Bank of Ghana has hiked its prime interest rate by 250 basis points since December 2011 but has held it steady at 15 percent since June. The Monetary Policy Committee is expected to meet this month.
"The combination of lower inflation and GDP growth provides room for the Bank of Ghana to reduce policy rates this year against the backdrop of a more resilient cedi, assuming some fiscal consolidation materialises going forward," Samir Gadio, an emerging markets analyst at Standard Bank, told Reuters.
Razia Khan, an analyst with Standard Chartered Bank, said the inflation figure was potentially misleading as the existing index underplayed the importance of currency fluctuations on domestic prices.
"Continued cedi stability, rather than the old CPI numbers, are likely to be the key influence on whether any further tightening is required," she said.
Ghana President John Dramani Mahama said last week that he expected 2012 full-year economic growth at between 8.5 and 9 percent, as oil production from Tullow's offshore Jubilee field ramps up.
Mahama was elected in a December poll, the results of which are being contested in Ghana's top court by the opposition.

U.S. launches study into youth sports concussions

WASHINGTON (Reuters) - The U.S. government launched on Monday a sweeping study of rising sports-related concussions among the youth, amid concerns that the injuries may have contributed to the suicides of professional football players.
The Institute of Medicine, part of the National Academies of Science, will probe sports-related concussions in young people from elementary school through early adulthood. The study will include military personnel and their dependants, and review concussions and risk factors.
The study, one of the most extensive ever done, will be scrutinized intently by Americans worried about brain injuries in sports, said Robert Graham, head of the panel carrying out the study.
"You start talking about, 'Is it safe for Sally to be playing soccer?,' you get lots of public interest," Graham, a public health expert at George Washington University in Washington, told Reuters after the committee's first meeting.
He said the panel likely would submit its report to the Institute of Medicine in the middle of the summer, with publication expected in late 2013.
A 2010 study by the U.S. Centers for Disease Control and Prevention (CDC) found that U.S. emergency rooms yearly treat 173,000 temporary brain injuries, including concussions, related to sports or recreation among people less than 19 years of age.
The number of emergency room visits for such injuries rose 60 percent in the previous decade among children and adolescents, the CDC study showed.
A separate 2007 study showed that the incidence of brain injury was highest in football and girls' soccer.
About 2,000 former National Football League players sued the league last year, alleging it concealed the risk of brain injury from players while marketing the ferocity of the game.
Concerns about a possible link between concussions and mental illnesses, such as depression, grew in the wake of the suicides of former NFL players Junior Seau, Ray Easterling and Dave Duerson in the last two years.
Participants at the committee's meeting said there was a shortage of data on sports-related concussions among young people. The number of relevant brains available for study is in the single digits, and many studies lack breakdowns by age.
Sponsors of the study include the Department of Defense, the CDC and the National Institutes of Health. The panel will also examine studies being done by the CDC and the American Academy of Neurology.

ACL in question as Redskins' RG3 has more tests

ASHBURN, Va. (AP) — It doesn't sound good for Robert Griffin III.
An injury that sidelines RG3 well into next season is a very real possibility — or at least it seemed that way Monday after coach Mike Shanahan described the results of tests on the rookie's right knee.
Shanahan said the results are prompting the team to send Griffin to Florida on Tuesday to see renowned orthopedist James Andrews for more examinations, essentially a second opinion that will decide the team's fate for the 2013 season.
"There is a concern," Shanahan said. "That's why he's going to see him."
Griffin tore his ACL while playing for Baylor in 2009, and Shanahan said that old injury caused Griffin's latest MRI to prove inconclusive and produce "differences of opinion" in those who have looked at it.
"They want to take another look and have a physical exam with him," Shanahan said, "to make sure they're not looking at old injuries."
A torn ACL typically requires a rehabilitation period of nine to 12 months, although some players don't return to full health until their second season after the injury. On the other hand, one of this season's most remarkable stories was Adrian Peterson, who returned about eight months after tearing an ACL and nearly broke the NFL's single-season rushing record.
Notably, Shanahan referenced Peterson on Monday, pointing out that the Minnesota Vikings back had the big season without the benefit of an offseason practice program. It could be a possible scenario for Griffin.
Shanahan was grilled about his handling of Griffin's injury. Already playing with a heavy black brace in his third game since spraining a lateral collateral ligament, Griffin hurt the knee again when he fell awkwardly while throwing a pass in the first quarter of Sunday's 24-14 playoff loss to the Seattle Seahawks.
Griffin stayed in the game, but he was far from his usual self, clearly favoring the knee and unable to run with the world-class speed that helped define his play early in the season.
Then, in the fourth quarter with the Redskins trailing by seven, the knee buckled the wrong way when Griffin tried to field a bad shotgun snap. The Seahawks recovered the fumble deep in Washington territory, setting up a short field goal that helped put the game out of reach. Griffin was done for the evening.
Shanahan said he thought he made the "right decisions" to keep Griffin in the game and that it would be "crazy" to think he would purposely sacrifice Griffin's career to win a game. He said he did not talk to team doctors initially after Griffin was hurt in the first quarter, instead relying on Griffin's word.
"I went up to Robert. I said, 'You OK?'" Shanahan said. "And he said, 'I'm fine.'"
Griffin was also feeling the criticism for not taking himself out. He did not appear in the locker room during the two hours it was open to reporters Monday morning and instead made his public statements via Twitter.
"Many may question, criticize & think they have all the right answers. But few have been in the line of fire in battle. ... I thank God for perspective and because of that I appreciate the support from everyone. I also appreciate the criticism. ... When adversity strikes you respond in one of two ways....You step aside and give in..Or you step up and fight," Griffin tweeted.
Teammates defended Griffin's desire to play hurt, saying it's part of an athlete's competitive nature.
"It's a slippery slope, I guess you can say, because you want to help the team," said receiver Pierre Garcon, who faced a similar dilemma this season while dealing with a painful toe injury. "But you want to help yourself in the long run and your career.
"You want to look out for all sides, but it's hard to really know exactly if you're doing the right thing because if you sit out and the team losses, it's like 'I could probably have helped.' If you go out there and don't help the team, it's like, 'I probably should've sat out.' You've just got to make a decision and live with it."
Shanahan's take on Griffin was also muddled by details that have emerged from the game in which the quarterback originally hurt the knee last month against the Baltimore Ravens.
The coach said at the time he was told by Andrews on the Redskins sideline that Griffin was cleared to return to the game, but Andrews told USA Today over the weekend that he didn't get a chance to examine the knee during the one play Griffin sat out after the initial injury.
Shanahan explained the apparent discrepancy.
"I don't sit down with him and say, 'Hey, did you give him a proper evaluation?'" Shanahan said. "I ask him, 'Is it OK if he goes back in the game?' He says yes or no. He said yes."
Either way, the various versions of what happened cast more intrigue on the protocol NFL teams use to determine whether someone is fit to keep playing. Redskins left guard Kory Lichtensteiger had to leave Sunday's game in the first quarter because he could no longer play on a sprained left ankle that kept him out of practice all week.
"I went out there," Lichtensteiger said. "But, in hindsight, I probably shouldn't have done it."
Griffin's injury and the playoff loss put a damper on the end of one of the best Redskins seasons in two decades. Washington rallied from a 3-6 start to win the NFC East after four straight last-place finishes. Assuming Griffin's knee will again be fully healthy, the future looks brighter than at any time since the Super Bowl era under coach Joe Gibbs in the 1980s and early 1990s.
"I think people have really learned around here — if you're down by seven, people aren't packing it in," said safety Reed Doughty, wrapping up his seventh season in Washington. "People aren't getting that 'Oh, the way things used to be' kind of feeling."

NFL-Redskins coach slammed for playing injured Griffin

Jan 7 (Reuters) - Washington Redskins coach Mike Shanahan came under fire on Monday for leaving an ailing Robert Griffin III in Sunday's playoff loss to Seattle but rejected any notion that he risked the rookie quarterback's health.
Griffin only left Sunday's 24-14 loss to the Seahawks when he injured himself while trying to grab a bad shotgun snap in the fourth quarter, but critics are suggesting the face of the Redskins should have been taken out of the game earlier.
"Robert is our franchise quarterback. I am not going to take a chance on his career to win a game," Shanahan told reporters at a news conference on Monday.
"But I also know that when you have got the belief in the guy and you feel that he can play at a certain level and the doctor is telling you that he is OK to go in - then you have got to do what you think is right.
"If I didn't think he was right then he wouldn't have been in, its just that simple," added Shanahan, who said he spoke to team doctors on the sidelines on four occasions during the game.
Griffin, who led the Redskins to their first NFC East title since 1999, will head to Florida on Tuesday to see Dr James Andrews and have further tests after an MRI proved inconclusive.
Speaking after Sunday's loss, Griffin said he clearly told the coach he was able to play but conceded he had put himself at risk by playing with the injury.
"I think I did put myself at more risk by being out there but every time you step on the field, you're putting your life, your career and every single ligament in your body in jeopardy," said Griffin.
The Redskins had led the wild-card playoff game 14-0 in the first quarter but Griffin struggled through the rest of the game until walking off the field under his own power.
Shanahan said he was well used to criticism but it was clear he was stung by some of the commentary in the hours following the Redskins' home loss.
"As a head football coach, used to criticism, you make decisions based on what you think is the right thing to do. You listen to a lot of different people, you get their opinions," said Shanahan.
"Then you make the call and you have to do what you think is right. If people got a chance to be in your shoes, to be around the scenario then maybe they would understand the decisions you make.
"To think we are going to question (risk) a guy's career to win a game is crazy."
Shanahan said he had no indication about the seriousness of Griffin's knee injury but said the need for new scans was based on clarifying whether he had a recurrence of previous anterior and lateral ligament injuries.
"Anytime you have a former ACL or LLC and you take a look at the MRI, sometimes it is old injuries, that is why he is going to fly down to see Dr Andrews and get some new MRIs get a physical examination.
"Right now, everything is total speculation," he said.
Andrews caused controversy on Sunday when he contradicted Shanahan by saying he had not authorized Griffin's return to the game after being injured in an earlier game - the Dec. 9 regular season win against the Baltimore Ravens.

Senin, 07 Januari 2013

Looser bank buffer rules no panacea for Europe woes

FRANKFURT/LONDON (Reuters) - A move by global regulators to give banks more time and flexibility to build up cash reserves will do little to support a recovery in Europe, where recession-hit companies and households have scant appetite for more debt.
In the United States, where economic recovery already appears to be underway, the impact may be more significant due to a bigger market for mortgage-backed securities which, if revived, could lend support to the housing market.
The Basel Committee agreed on Sunday to give banks four more years to build up cash buffers against future shocks like the 2008/09 financial crisis, and to widen the range of assets they can use to include shares and residential mortgage-backed securities, as well as lower-rated company bonds.
This pull-back from an earlier draft of global liquidity rules, which aim to help prevent another banking crisis, means lenders will in theory have more scope to use some of their reserves to help struggling economies grow.
But in the euro zone, where the European Central Bank's own forecasts suggest the economy will shrink 0.3 percent this year, freeing up banks' capacity to lend cannot make up for a dearth of demand from uncertain businesses and consumers.
"Overall it is positive, but I don't think it is enough to turn around the whole situation in the short-run," Berenberg Bank economist Christian Schulz said of the Basel rules change.
"Once the (economic) rebound actually starts, I think this is going to amplify it a little," added Schulz, who put the effect on growth in the 17-country euro zone at no more than 0.1-0.2 percentage points of annual gross domestic product (GDP).
A spokeswoman for Raiffeisen Bank International said: "This is a positive signal by the Basel Committee." However, she stopped short of saying it would fuel extra lending.
Bank Austria, the UniCredit unit that is emerging Europe's biggest lender, said the changes "will make it easier in future to lend to companies than the originally planned rules did".
UNCERTAIN OUTLOOK
The regulators' change of tack at least offers the prospect of supporting lending to households and businesses - an area where the ECB has struggled to have an impact.
The ECB channeled more than 1 trillion euros in cheap, 3-year loans to banks in late 2011 and early 2012. The central bank says this averted a major credit crunch but demand remains the real problem.
"To a large extent, subdued loan dynamics reflect the weak outlook for GDP, heightened risk aversion and the ongoing adjustment in the balance sheets of households and enterprises, all of which weigh on credit demand," ECB President Mario Draghi said in his statement after the bank's December policy meeting.
The ECB's last quarterly Bank Lending Survey showed that euro zone banks made it harder for firms to borrow in the third quarter and expected to toughen loan requirements further, even though their own funding constraints eased.
By far the most important reason banks cited for tightening credit standards for firms was the economic outlook. Reduced investments were the main reason for lower corporate loans demand.
The picture was similar for household loans, with the economic outlook cited as the main reason for tightening credit standards, followed by housing market prospects.
Howard Archer, economist at Global Insight, saw little effect on Europe's economy from the looser bank buffer rules.
"This may increase banks' ability to lend but whether their willingness to lend increases that much, I am dubious because of the economic environment," he said. "At the same time, I think demand for credit will remain pretty muted overall as well."
U.S., INVESTOR OPPORTUNITIES
The decision to include residential mortgage-backed securities in the assets banks can put into the cash buffer - even if at a hefty discount to their value - should help banks in the United States and stimulate the U.S. securitisation market.
"This should, at the margin, favor U.S. banks relative to European banks, because the use of these assets is much less common in most European countries than it is in the United States," said Tobias Blattner, economist at Daiwa Europe.
Any fresh support to the U.S. economy - where employers added 155,000 jobs last month and factory activity rebounded - could help it to accelerate further away from Europe.
The United States, China and much of the developing world have already decoupled from Europe, leaving it to wallow in various stages of recession and fiscal disarray.
From an investor point of view, the cash buffer changes could increase the attractiveness of the bank debt, asset-backed securities and other types of assets now included in the rules.
Under the original draft, emphasis was almost exclusively on holding sovereign debt but the changes mean some corporate debt rated as low as BBB-, a range of easy-to-sell shares and double-A rated residential mortgage-backed securities can also be used.
The iTraxx senior financial index, which measures the risk of a default on bank debt, saw spreads narrow from 125 to 121.5 basis points on Monday, a sign that investors see the changes as potentially beneficial for bank debt.
"Credit spreads are a bit tighter," said one credit market trader. "But it (the index) has had a very big performance since the start of the year, so perhaps that has limited the impact we have seen."
There are other restricting factors. Deductions, known as haircuts, will be taken from the assets' value to ensure they provide adequate protection even if their value drops. Combined they will be allowed to account for only 15 percent of what a bank must hold.
With a broader menu of assets now available, analysts said the rules changes could ease demand for sovereign bonds. There was no sign of an immediate market reaction on Monday but strategists mulled a longer-term shift.
"From a big picture perspective, these revisions are potentially negative for sovereign debt in so much as they reduce banks' imperative to hold government bonds," said analysts at Rabobank, adding that the changes could boost demand for corporate debt.

Canada's Ivey PMI rises in December, but worries persist

TORONTO (Reuters) - Purchasing activity in Canada rose modestly in December, according to Ivey Purchasing Managers Index data released on Monday, but the reading failed to impress economists as Canada's economy struggles to grow.
The seasonally adjusted index rose to 52.8 in December from 47.5 in November. Analysts polled by Reuters had expected a reading of 49.5.
That was a modest uptick to close out the fourth quarter, but coupled with falls in Ivey's employment, inventories and prices data, painted a less than rosy economic picture.
"Overall, if you look at the sub-indices, the results are not that impressive, especially the employment number, which went below 50 for the first time in seven months," said Krishen Rangasamy, a senior economist at National Bank Financial in Montreal.
The Ivey employment index fell to 49.2, its lowest reading since May last year, from 55.1 in the previous month.
A reading below 50 on the index data indicates that the pace of activity fell from the previous month.
Statistics Canada surprised investors last week with a robust jobs report for December that was at odds with other figures pointing to sluggish growth.
The seasonally unadjusted Ivey PMI index dropped to 43.1 from 46.4, marking its lowest point since January 2011.
The weakness was in line with the RBC Canadian Manufacturing PMI report, which last week showed Canadian manufacturing growth stuck at a two-year low.
The composite leading indicator for Canada rose 0.1 percent in November, slowing from October on a housing market downturn and weak manufacturing as the economy hits a soft patch.
Statscan said on December 21 that the economy grew just 0.1 percent in October. The Bank of Canada's latest forecast said fourth-quarter growth would be 2.5 percent annualized, although that estimate now looks very optimistic.
National's Rangasamy said GDP would likely not reach 2 percent in the fourth quarter. "The signals are that growth was pretty slow," he said.

Debate erupts in France over blocking online ads

PARIS (AP) — France's Digital Economy minister said Monday she persuaded a top Internet access provider to stop its controversial policy of blocking online advertisements — a move widely seen as an attack against Google but which has also struck fear among bloggers and online publishers.
Fleur Pellerin met with leading online publishers, advertising gurus and the top executive from Internet service provider Free, which allowed some adverts to be blocked last week when it upgraded the free software on its customers' high-speed modems. The move drew protests from those who get a big share of their revenues through displaying advertising alongside their content.
Speaking to reporters at the Finance Ministry afterward, Pellerin said Free — which is No. 2 to France Telecom's Orange in the French market — had agreed to abandon the "unacceptable" policy during the day, saying "no actor can jeopardize the digital ecosystem in a unilateral way."
Responding to an e-mail Monday from The Associated Press, Free spokeswoman Isabelle Audap said it declined to comment on the issue. Free hasn't specified which types of advertisements — pop-up or otherwise — might have been targeted, or how.
Pellerin said technical analyses were under way, and that she didn't yet have an estimate of financial damage or other fallout from Free's move. French electronic telecommunications regulator Arcep said it sent a letter Friday to Free asking about its policy, and expected a response this week.
Free's move has been widely seen as targeting Google, whose AdServe software is used on many websites. The AdServe system helps online publishers and others target their audiences in exchange for a share of the advertising revenues.
Xavier Niel, a Free vice-president and the top shareholder in its parent company, Groupe Iliad, in the past has argued that Google doesn't pay its fair share for the increasing demands on the Internet's infrastructure — provided by companies such as Free and Iliad — to run services like YouTube, which take up a lot of bandwidth capacity.
Free, which many supporters hail as an innovator that has helped reduce prices for Internet access in France, has said it had 5.2 million high-speed customers as of Sept. 30.
Pellerin said that she would meet with representatives of Google in the coming days. Google did not send anyone to Monday's meeting, which was open to Internet players including content providers and service providers. The minister insisted, however, that ad-blocking — and not Google — was the main focus of Monday's talks, and the two issues should be seen as separate.
A spokesman in Pellerin's ministry said advertisements alongside Google search results were not affected, but rather advertisements hosted on individual Web sites.
Al Verney, a Google spokesman, said: "We are aware of Free's actions and are investigating their impact," and declined to comment further.
Supporters of limiting online ads say Free's move would have given its users more freedom.
Edwy Plenel, a prominent online editor who attended the Monday meeting, called for rules to protect "Internet neutrality" and a "shakeup of a set of rules that allows the most powerful to crush the needs" of regular users.
Google has been beefing up its presence in France including with glitzy new offices in Paris, but has run into pressure from the government as well as industry leaders — as it has in some other parts of Europe.
In October, French President Francois Hollande told Google CEO Eric Schmidt that his government was considering a new tax for search engines each time they use content from French media — a way to give local content providers a bigger slice of the Internet economy's revenues. Google opposes the plan and has threatened to bar French sites from its search results if the tax is imposed.