Obama Hails 'Cliff' Deal, Warns of Next Fiscal Fight

Minutes after the House of Representatives approved a bipartisan Senate deal to avert the "fiscal cliff" and preserve Bush-era tax cuts for all Americans making less than $400,000 per year, President Obama praised party leaders and wasted little time turning to the next fiscal fight.

"This is one step in the broader effort to strengthen our economy for everybody," Obama said.

Obama lamented that earlier attempts at a much larger fiscal deal that would have cut spending and dealt with entitlement reforms failed. He said he hoped future debates would be done with "a little less drama, a little less brinksmanship, and not scare folks quite as much."

But Obama drew a line in the sand on the debt ceiling, which is set to be reached by March.

"While I will negotiate over many things, I will not have another debate with this Congress over whether they should pay the bills for what they've racked up," Obama said. "We can't not pay bills that we've already incurred."

An hour after his remarks, Obama boarded Air Force One to return to his planned Hawaiian holiday vacation, reuniting with his family, who have been vacationing there since just before Christmas.

AP Photo/Charles Dharapak

'Fiscal Cliff' Negotiations: Congress Reaches Agreement Watch Video

House Republicans agreed to the up-or-down vote Tuesday evening, despite earlier talk of trying to amend the Senate bill with more spending cuts before taking a vote. The bill delays for two months tough decisions about automatic spending cuts that were set to kick in Wednesday.

A majority of the Republicans in the GOP-majority House voted against the fiscal cliff deal. About twice as many Democrats voted in favor of the deal compared to Republicans. One hundred fifty-one Republicans joined 16 Democrats to vote against the deal, while 172 Democrats carried the vote along with 85 Republicans.

The Senate passed the same bill by an 89-8 vote in the wee hours of New Year's Day. If House Republicans had tweaked the legislation, there would have been no clear path for its return to the Senate before a new Congress is sworn in Thursday.

The vote split Republican leaders in the House. House Speaker John Boehner, R-Ohio, voted yes, and so did the GOP's 2012 vice presidential candidate, Rep. Paul Ryan, R-Wis.

But House Majority Leader Eric Cantor, R-Va., the No. 2 Republican in the House, voted no. It was his opposition that had made passage of the bill seem unlikely earlier in the day.

The deal does little to address the nation's long-term debt woes and does not entirely solve the problem of the "fiscal cliff."

Indeed, the last-minute compromise -- far short from a so-called grand bargain on deficit reduction -- sets up a new showdown on the same spending cuts in two months amplified by a brewing fight on how to raise the debt ceiling beyond $16.4 trillion. That new fiscal battle has the potential to eclipse the "fiscal cliff" in short order.

"Now the focus turns to spending," said Boehner in a statement after the vote. "The American people re-elected a Republican majority in the House, and we will use it in 2013 to hold the president accountable for the 'balanced' approach he promised, meaning significant spending cuts and reforms to the entitlement programs that are driving our country deeper and deeper into debt."

Republicans hope that allowing the fiscal cliff compromise, which raised taxes without an equal amount of spending cuts, will settle the issue of tax rates for the coming debates on spending.

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At least 61 crushed to death in Ivory Coast stampede

ABIDJAN (Reuters) - At least 61 people were crushed to death in a stampede after a New Year's Eve fireworks display at a stadium in Ivory Coast's main city Abidjan early on Tuesday, officials said.

Witnesses said police had tried to control crowds around the Felix Houphouet-Boigny Stadium following the celebrations, triggering a panic in which scores were trampled.

"The estimate we can give right now is 49 people hospitalized ... and 61 people dead," said the chief of staff of Abidjan's fire department Issa Sacko.

Crying women searched for missing family members outside the stadium on Tuesday morning. The area was covered in patches of dried blood and abandoned shoes.

"My two children came here yesterday. I told them not to come but they didn't listen. They came when I was sleeping. What will I do?" said Assetou Toure, a cleaner.

Sanata Zoure, a market vendor injured in the incident, said New Year's revelers going home after watching the fireworks had been stopped by police near the stadium.

"We were walking with our children and we came upon barricades, and people started falling into each other. We were trampled with our children," she said.

Another witness said police arrived to control the crowd after a mob began chasing a pickpocket.

President Alassane Ouattara called the deaths a national tragedy and said an investigation was under way to find out what happened.

"I hope that we can determine what caused this drama so that we can ensure it never happens again," he said after visiting the injured in hospital.

The country, once a stable economic hub for West Africa, is struggling to recover from a 2011 civil war in which more than 3,000 people were killed.

Ivory Coast's security forces once were among the best trained in the region, but a decade of political turmoil and the 2011 war has left them in disarray.

At least 18 people were killed in another stampede during a football match in an Abidjan stadium in 2009.

(Reporting by Loucoumane Coulibaly and Alain Amontchi; Writing by Richard Valdmanis; Editing by Michael Roddy)

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Japan's Sharp considering US$1.15b public offering: report

TOKYO: Embattled Japanese electronics firm Sharp is considering making a public share offering worth more than 100 billion yen ($1.15 billion) early this year, a report said Tuesday.

The public offering could take place in the spring with the firm hoping to use the funds to strengthen its mainstay liquid crystal display (LCD) business and improve its creditworthiness, the Yomiuri Shimbun newspaper said.

Sharp has started talks with major creditor banks and wants to include the capital increase scheme in a mid-term business plan to be announced as early as February, the mass-circulation daily said without naming its sources.

The cash-strapped company said in December it had struck a 9.9-billion-yen capital injection deal with US-based chipmaker Qualcomm as it moves to repair its tattered balance sheet.

The Qualcomm deal will see the pair jointly develop energy-efficient LCD panels for smartphones using the Japanese firm's technology, with the US company initially getting about 2.64 per cent of Sharp's stock.

Japan's battered electronics sector has suffered from a myriad of problems including a high yen, slowing demand in key export markets, fierce overseas competition and strategic mistakes that left its finances in ruins.

Sharp has suffered a series of credit rating downgrades and warned it expects to lose about $5.6 billion in the fiscal year to March 2013.

The Osaka-based maker of Aquos-brand electronics has announced thousands of job losses while cutting wages for employees -- from the factory floor to the boardroom -- and selling real estate to shore up its balance sheet.

Sharp said last year it had reached a capital injection deal worth about $800 million with Taiwan's Hon Hai Precision, which makes Apple gadgets in China, but the deal stalled as Sharp's share price nosedived.

-AFP/ac

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Reddit's visitors skyrocket in 2012 with 37 billion page views

Whether readers want to learn the complexities of how the Mars Curiosity rover was able to enter the Red Planet's atmosphere or just see photos of cats being weird, they can go to Reddit. The social news site announced today its end-of-year stats and it appears that users are frequenting the site at an ever-increasing rate.

Reddit revealed that in 2012 it received 37 billion page views, 400 million unique visitors, and 30 million posts -- not bad for one of the most simple Web sites on the Internet.

The site's user population has skyrocketed since its inception. According to The Next Web, Reddit achieved 1 billion monthly page views in February 2011 and by December of that year it more than doubled that number. By October 2012, the site recorded more than 3.8 billion monthly page views and more than 46 million unique visitors.

The huge increase in traffic means Reddit has had to add more servers and other equipment and bring in more staff to maintain its site. This growth has forced it to spend money to keep up with the flow, while also promoting paid subscriptions and advertising.

One of the ways Reddit has driven more traffic to its site this past year is by hosting high-level AMAs, or "ask me anything" sessions. In August, Reddit hosted President Barack Obama, whose impromptu hour-long interview crippled the site's servers. Reddit has also done AMAs with the Mars Curiosity rover team, Gangnam Style's PSY, and U.S. Rep. Zoe Lofgren who asked users for ideas on a bill to protect Web sites accused of copyright violations.

Here are Reddit's top 10 posts of 2012 by page view:

1. I am Barack Obama, President of the United States -- AMA (5,598,171 page views)


2. What's your "picture you can't see without laughing"? (2,450,140 page views)


3. What's your favorite picture on the whole Internet? (2,148,400 page views)


4. Reddit, what do you look like before and after makeup? Is there a real difference? (2,142,071 page views)


5. Today, a homeless looking man handed me $50 and this note. Do any of you have any idea what it means? (1,756,748 page views)


6. What GIF makes you laugh every single time? (1,749,185 page views)


7. I've been playing the same game of Civilization II for almost 10 years. This is the result. (1,651,956 page views)


8. I am South Korean Singer, Rapper, Composer, Dancer and Creator of Gangnam Style PSY. AMA (1,514,034 page views)


9. What's your secret that could literally ruin your life if it came out? (1,482,935 page views)


10. I'm Snoop Lion! Ask me anything!! (1,467,071 page views)

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Senate Approves 'Fiscal Cliff' Deal, Sends to House

Hours past a self-imposed deadline for action, the Senate passed legislation early New Year's Day to neutralize a fiscal cliff combination of across-the-board tax increases and spending cuts that kicked in at midnight. The pre-dawn vote was a lopsided 89-8.

Senate passage set the stage for a final showdown in the House, where a vote was expected later Tuesday or perhaps Wednesday on the measure, which also raises tax rates on wealthy Americans.

Even by the recent dysfunctional standards of government-by-gridlock, the activity at both ends of historic Pennsylvania Avenue was remarkable as the administration and lawmakers spent the final hours of 2012 haggling over long-festering differences.

"It shouldn't have taken this long to come to an agreement, and this shouldn't be the model for how we do things around here," said Senate Republican leader Mitch McConnell, who negotiated the agreement with Vice President Joe Biden.

Shortly after the Senate vote, President Barack Obama said, "While neither Democrats nor Republicans got everything they wanted, this agreement is the right thing to do for our country and the House should pass it without delay."

Under the deal, taxes would remain steady for the middle class and rise at incomes over $400,000 for individuals and $450,000 for couples — levels higher than Obama had campaigned for in his successful drive for a second term in office.

Spending cuts totaling $24 billion over two months aimed at the Pentagon and domestic programs would be deferred. That would allow the White House and lawmakers time to regroup before plunging very quickly into a new round of budget brinkmanship certain to revolve around Republican calls to rein in the cost of Medicare and other government benefit programs.

Officials also decided at the last minute to use the measure to prevent a $900 pay raise for lawmakers due to take effect this spring.

"One thing we can count on with respect to this Congress is that if there's even one second left before you have to do what you're supposed to do, they will use that last second," the president said in a mid-afternoon status update on the talks. Yet when the roll was called nearly 12 hours later, only six Republicans and two Democrats opposed the measure.

As darkness fell on the last day of the year, Obama, Biden and their aides were at work in the White House, and lights burned in the House and Senate. Democrats complained that Obama had given away too much in agreeing to limit tax increases to incomes over $450,000, far above the $250,000 level he campaigned on. Yet some Republicans recoiled at the prospect of raising taxes at all.

Democratic senators said they expected a post-midnight vote on the measure. They spoke after a closed-door session with Vice President Joseph Biden, who brokered the deal with Senate Republican leader Mitch McConnell.

"The argument is that this is the best that can be done on a bipartisan basis," said Sen. Dianne Feinstein, D-Calif., when asked about the case the vice president had delivered behind closed doors.

Passage would send the measure to the House, where Speaker John Boehner, R-Ohio, refrained from endorsing a package as yet unseen by his famously rebellious rank-and-file. He said the House would not vote on any Senate-passed measure "until House members — and the American people — have been able to review" it.

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North Korean leader, in rare address, seeks end to confrontation with South

SEOUL (Reuters) - North Korean leader Kim Jong-un called for an end to confrontation between the two Koreas, technically still at war in the absence of a peace treaty to end their 1950-53 conflict, in a surprise New Year speech broadcast on state media.

The address by Kim, who took over power in the reclusive state after his father, Kim Jong-il, died in 2011, appeared to take the place of the policy-setting New Year editorial published in leading state newspapers.

But North Korea has offered olive branches before and Kim's speech does not necessarily signify a change in tack from a country which vilifies the United States and U.S. ally South Korea at every chance it gets.

Impoverished North Korea raised tensions in the region by launching a long-range rocket in December that it said was aimed at putting a scientific satellite in orbit, drawing international condemnation.

North Korea, which considers North and South as one country, the Democratic People's Republic of Korea, is banned from testing missile or nuclear technology under U.N. sanctions imposed after its 2006 and 2009 nuclear weapons tests.

"An important issue in putting an end to the division of the country and achieving its reunification is to remove confrontation between the north and the south," Kim said in the address that appeared to be pre-recorded and was made at an undisclosed location.

"The past records of inter-Korean relations show that confrontation between fellow countrymen leads to nothing but war."

The New Year address was the first in 19 years by a North Korean leader after the death of Kim Il-sung, Kim Jong-un's grandfather. Kim Jong-il rarely spoke in public and disclosed his national policy agenda in editorials in state newspapers.

"(Kim's statement) apparently contains a message that he has an intention to dispel the current face-off (between the two Koreas), which could eventually be linked with the North's call for aid (from the South)," said Kim Tae-woo, a North Korea expert at the state-funded Korea Institute for National Unification.

"But such a move does not necessarily mean any substantive change in the North Korean regime's policy towards the South."

The two Koreas have seen tensions rise to the highest level in decades after the North bombed a Southern island in 2010 killing two civilians and two soldiers.

The sinking of a South Korean navy ship earlier that year was blamed on the North but Pyongyang has denied it and accused Seoul of waging a smear campaign against its leadership.

Last month, South Korea elected as president Park Geun-hye, a conservative daughter of assassinated military ruler Park Chung-hee whom Kim Il-sung had tried to kill at the height of their Cold War confrontation.

Park has vowed to pursue engagement with the North and called for dialogue to build confidence but has demanded that Pyongyang abandon its nuclear weapons ambitions, something it is unlikely to do.

Conspicuously absent from Kim's speech was any mention of the nuclear arms program.

(Additional reporting by Sung-Won Shim; Editing by Nick Macfie)

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India's trauma turns to anger at gang-rape killing

NEW DELHI: Horror at a deadly gang-rape that appalled India has turned to anger in New Delhi, where a leaden-footed government is accused of being out of touch and out of ideas in handling its latest crisis.

On Sunday evening, as dusk descended on an area of the Indian capital where protesters have assembled daily since the December 16 rape of a 23-year-old medical student, a group ran through the crowd with an effigy.

It depicted Sheila Dikshit, the 74-year-old chief minister of New Delhi blamed by many for failing to prevent Delhi becoming known as India's "rape capital".

The victim was repeatedly raped and violated with an iron bar on a bus before being thrown off the moving vehicle. She suffered horrific injuries and died on Saturday.

"Tomorrow it could be my sister or me," Soumya Tandon, a 26-year-old marketing executive, told AFP. "I take a bus from near my office and every day my mother is worried if I will reach home safely. Why should we live in constant fear?"

Under the watchful eye of hundreds of riot police, Dikshit's effigy was burnt to cheers, underlining the ugly mood among young urban voters who are increasingly vocal in denouncing their leaders as too old and too complacent.

"We are the future of this nation, they need to connect with us," said 32-year-old Mayuri Goswami, a chartered accountant carrying a banner that read "Time to engage, not disconnect. Wake up, leaders".

"They need to involve us more, try and understand our emotions and anger," he said.

Dikshit, who once said a female journalist murdered in Delhi should not have been so "adventurous" as to be out on her own late at night, is not the only target amid a chorus of calls for change.

Prime Minister Manmohan Singh, an 80-year-old former academic who struggles to connect with voters, called for "dispassionate debate" in a brief statement after the woman's death as the nation was consumed by grief.

As politicians of all stripes struggled to measure the mood and find the right language, the Minister for Women Krishna Tirath failed to make herself heard.

Heavy-handed policing and insensitive comments only stirred more anger.

The president's son, Abhjit Mukherjee, called the protesters "painted ladies", while others blamed provocative clothing and suggested withdrawing skirts at school to curb harassment.

Another protester's poster took aim at Rahul Gandhi, the 41-year-old "youth leader" of the ruling Congress party who is expected to be a prime ministerial candidate in 2014 national elections.

The aloof Oxford graduate -- the latest in the Gandhi political dynasty -- has made few public comments on the crime, which brought simmering anger over widespread abuse of women to boiling point.

"I am not Rahul Gandhi. I have guts to save my sisters," read one banner.

Commentary on the victim's ordeal has tended to place the assault at the centre of forces churning up one of the world's most diverse countries.

Economic growth of nearly 10 percent over the last decade has led to hectic urbanisation that has brought changed moral codes and lifestyles, a more global outlook and globalised trends, as well as simmering class and gender tensions.

Many reasons have been posited for the assault, a commonplace crime in India. A recent poll found it to be the worst in the G20 group of nations for women because of infanticide, child marriage and abuse.

Analysis has focused on India's deeply patriarchal society, in which misogyny runs deep and women are at best second-class citizens and at worst mere objects to be owned, enjoyed or abused by men.

But did the country's gender imbalance as a result of female foeticide play a role? And what about frustration among young Indians in an increasingly sexualised society?

"In our attitudes to sex, we are midway between the liberal democracies of the West and fundamentalist Islamic societies," wrote Palash Krishna Mehrotra, author of "The Butterfly Generation", this week.

In the "old versus new" narrative, most analysts agree that the scandal highlighted the growing battle line between young middle-class urban India -- the future of the country -- and a government still run by men of pensionable age.

Madhuresh Kumar of the non-profit National Alliance of People's Movement, says the protesters represent a new kind of movement which is urban and rooted in globalised, aspirational India.

"This class was till now complacent in its material prosperity," Kumar told AFP.

The millions who protested last year, when anti-corruption campaigner Anna Hazare ignited a national campaign against graft, had a similar profile.

Then as now, a political class seen as unable or unwilling to improve India was widely pilloried as failing to respond to a young population yearning for wealth and security.

- AFP/al

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Yahoo completes withdrawal from South Korean market

As it promised earlier this year, Yahoo has completed its exit from the South Korean market before the end of the year, according to a brief report by the Yonhap News Agency.

Yahoo announced its intention in October to withdraw from the country, saying that the move was a response to "efforts to streamline operations and focus our resources on building a stronger global business that's set up for long-term growth and success."

The South Korean unit, which had been in operation since 1997, consisted of about 200 employees, delivered editorial content and handled the company's advertising efforts in that country. Yahoo's market share in South Korea has been on the decline as users increasingly used competing Web portals, like Naver and Daum.

"The Korean operation has faced growing challenges over the past few years that now make scaling our business very difficult," Yahoo said in a statement in October.

Yahoo isn't the only company having trouble competing in South Korea. Motorola Mobility plans to close "most" of its operations in the country by 2013, according to a leaked internal memo. After long struggling with low handset sales in the Asian country, phone maker HTC closed its doors in South Korea in July.

(Via TNW)

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Conn. gunman Adam Lanza's remains claimed: report

HARTFORD, Conn. The body of the man who killed 26 people at a Connecticut elementary school has been claimed for burial.

Connecticut Medical Examiner Wayne H. Carver II tells the Hartford Courant Adam Lanza's remains were claimed several days ago by someone who wanted to remain anonymous.

Lanza's burial site also is being kept secret, the newspaper reports.

A spokeswoman at Carver's office told The Associated Press she could not release details about the status of Lanza's remains.

The 20-year-old Lanza killed 20 first-graders and six educators at the Sandy Hook Elementary School on Dec. 14. He also killed his mother in their Newtown home before going on the rampage and then committing suicide.

A private funeral was held earlier this month in New Hampshire for his mother, Nancy Lanza.

17 Photos

Newtown, Conn., memorial vigil

Police have not offered a motive for the killings.

Carver has asked geneticists from the University of Connecticut to study Lanza's DNA for any mutations or other abnormalities that could shed light on his motivation for the shootings, the Courant says.

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Hillary Clinton Hospitalized With Blood Clot

(MICHAL CIZEK/AFP/Getty Images)

By DANA HUGHES and DEAN SCHABNER

Secretary Hillary Clinton was hospitalized today after a doctors doing a follow-up exam discovered a blood clot had formed, stemming from the concussion she sustained several weeks ago.

She is being treated with anti-coagulants and is at NewYork-Presbyterian Hospital so that they can monitor the medication over the next 48 hours, Deputy Assistant Secretary Philippe Reines said.

Her doctors will continue to assess her condition, including other issues associated with her concussion. They will determine if any further action is required, Reines said.

Clinton, 65, originally fell ill from a stomach virus following a whirlwind trip to Europe at the beginning of the month, which caused such severe dehydration that she fainted and fell at home, suffering a concussion. No ambulance was called and she was not hospitalized, according to a state department official.

The stomach virus had caused Clinton to cancel a planned trip to North Africa and the United Arab Emirates, and also her scheduled testimony before Congress at hearings on the attack on the U.S. consulate in Benghazi, Libya.

According to a U.S. official, the secretary had two teams of doctors, including specialists, examine her after the fall.  They also ran tests to rule out more serious ailments beyond the virus and the concussion. During the course of the week after her concussion, Clinton was on an IV drip and being monitored by a nurse, while also recovering from the pain caused by the fall.

Medical experts consulted by ABC News said that it was impossible to know for sure the true nature or severity of Clinton’s condition, given the sparse information provided by the State Department. However, most noted that the information available could indicate that Clinton had a deep venous thrombosis,which is a clot in the large veins in the legs.

“A concussion (traumatic brain injury) in itself increases risk of this clot. Likely the concussion has increased her bed rest,” said Dr. Brian D. Greenwald, Medical Director JFK Jonson Rehabilitation Center for Head Injuries. “Immobility is also a risk for DVT. Long flights are also a risk factor for DVT but the recent concussion is the most likely cause.

“Anticoagulants are the treatment,” he said. “If DVT goes untreated it can lead to pulmonary embolism (PE). PE is a clot traveling from veins in legs to lungs which is life threatening. Many people die each year from this.

“Now that she is being treated with blood thinners her risks of PE are decreased,” he said. “Blood thinners carry risk of bleeding but are common and can be safely used.”

Dr. Allen Sills, associate professor of Neurological Surgery at Vanderbilt University Medical Center, said it was most likely that the clot was not located in Clinton’s brain, since she is being treated with anticoagulants.

“This is certainly not a common occurrence after a concussion, and is most likely related to either inactivity or some other injury suffered in the fall,” he said.

Dr. Neil Martin, the head of Neurovascular Surgery at the University of California, Los Angeles, Medical Center, said blood thinners are often given for blood clots in the legs, and it is “very unusual” for anticoagulants to be given for blood clots in the head.

But he cautioned about speculating too much about Clinton’s condition before more information is available.

“If we don’t know where it is, there is the possibility of several different indications,” he said. “I don’t know if there is any connection between what she’s got now and the concussion. All I can tell you is, at this point, it’s almost impossible to speculate unless we know what’s going on there.”

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