Twin explosions strike southern Syrian city
















BEIRUT (AP) — Syria‘s state-run news agency says two large explosions have struck the southern city of Daraa, causing multiple casualties and heavy material damage.


SANA did not immediately give further information or say what the target of Saturday’s explosions was.













The Britain-based Syrian Observatory for Human Rights says the blasts went off near a branch of the country’s Military Intelligence in Daraa.


The Observatory, which relies on a network of activists on the ground, says the explosions were followed by clashes between regime forces and rebels fighting to topple President Bashar Assad.


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Chen Guang-who? Chinese official claims ignorance of blind activist
















BEIJING (Reuters) – Despite causing a huge diplomatic incident between the world’s two largest economies earlier this year, the Chinese official in charge of the hometown of blind legal activist Chen Guangcheng said on Friday that he has no idea who he was.


Chen, one of China’s most prominent human rights advocates, slipped away from under the noses of guards and eyes and ears of surveillance equipment around his village home near Linyi in eastern Shandong province in late April.













He then sought refuge at the U.S. embassy in Beijing for six days, embarrassing China and creating an awkward backdrop for U.S. Secretary of State Hillary Clinton’s visit which happened to fall at the same time.


But asked on the sidelines of a party congress in Beijing about Chen, Linyi’s Communist Party boss Zhang Shaojun deadpanned.


“I’ve never heard (of him),” Zhang told Reuters, before hurrying away into a closed-door meeting.


In May, Chen told Reuters that an unnamed central government official had promised to investigate accusations that local officials engineered his jailing on false charges and subsequent 19 months of extra-judicial house arrest and abuse.


But Zhang, a portly man with thinning hair, said he knew of no such investigation.


“I’ve never heard of this matter,” he said.


Robbed of his sight as a child, the rural-born Chen taught himself law and drew international attention in 2005 after accusing officials of enforcing late-term abortions and sterilizations.


Following intense negotiations between Chinese and U.S. officials, Chen left the embassy and was allowed to apply for a visa to study abroad. He is currently a visiting fellow at the New York University School of Law.


(Reporting by Gabriel Wildau; Editing by Ben Blanchard)


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Tiny Tick May Be Spreading Vegetarianism
















A tiny tick might be to blame for a rash of meat allergies in central and southern regions of the U.S.


A bite from the lone star tick, so-called for the white spot on its back, looks innocent enough. But researchers say saliva that sneaks into the wound might trigger a reaction to meat agonizing enough to convert lifelong carnivores into wary vegetarians.













“People will eat beef and then anywhere from three to six hours later start having a reaction; anything from hives to full-blown anaphylactic shock,” said Dr. Scott Commins, assistant professor of medicine at the University of Virginia in Charlottesville. “Most people want to avoid having the reaction, so they try to stay away from the food that triggers it.”


Cases of the bizarre allergy are cropping up in areas ripe with lone star ticks, according to research presented today at the American College of Allergy, Asthma and Immunology annual meeting in Anaheim, Calif. But whether the bugs cause meat allergies remains unclear.


“It’s hard to prove,” said Commins. “We’re still searching for the mechanism.”


Allergies are immune reactions to foreign substances, from pet hair to peanuts. As antibodies attack the substance that caused the reaction, they trigger the release of histamine, a chemical that causes hives and, in severe cases, life-threatening anaphylaxis.


Commins said blood levels of antibodies for alpha-gal, a sugar found in beef, lamb and pork, rise after a single bite from the lone star tick. He said he hopes experiments that combine tiny samples of tick saliva with the invisible antibodies will prove the two are directly connected.


“It’s complicated, no doubt,” said Commins. “But we think it’s something in the saliva.”


The long lag between exposure to meat and the allergic reaction complicates things even more.


“Most food allergies occur very quickly,” said Dr. Stanley Fineman, president of the American College of Allergy, Asthma and Immunology. “It’s also a bit unusual to see adults develop a food allergy.”


But the tick bite theory could help explain the sudden onset of some meat allergies, Fineman added.


Other Common food allergens include peanuts, shellfish, milk, eggs, soy and wheat. And most food allergy sufferers are glad to discover the source of their misery, even if it means upheaval for their diets.


“Avoidance is the best way to handle any food allergy,” he said.


But meat allergies are hard for some brawny barbecuers to swallow.


“Some people are totally destroyed,” said Commins. “Others say, ‘Maybe I’m better off without it.’”


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Bank hands QE income to Treasury

















The Bank of England has said it will give the Treasury the interest it earns on certain government debts it holds.













The Bank owns £375bn in gilts due to its quantitative easing (QE) policy of buying up debt to boost the economy.


The transfer will cut the government’s borrowing needs and the net debt it reports in its financial accounts.


As of last March, the Bank held £24bn in cash received from government interest payments, a figure expected to rise to £35bn by next March.


The Bank has been purchasing government debt from the market with newly printed money as part of its QE policy since March 2009.


The interest income ultimately belongs to the government under the terms of an indemnity provided to the Bank, but until now, the cash has been sitting unused in a dedicated account – the Asset Purchase Facility (APF) – at Threadneedle Street.


“Holding large amounts of cash in the APF is economically inefficient as it requires the government to borrow money to fund these coupon payments,” said the Treasury upon announcing the agreement.


In future, any additional interest payments received by the Bank will be handed back to the Treasury at the end of each quarter, after deducting the Bank’s own cost of borrowing.


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George Osborne has decided that it is bonkers for the Treasury to borrow £11bn a year to generate spare cash that sits at the APF doing nothing”



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This is likely to reduce the government’s budget deficit by about £11bn a year, based on the Bank’s current cost of borrowing, according to the BBC’s business editor, Robert Peston.


That compares with the £116bn public sector net borrowing for the current tax year that was forecast in March by the Office for Budget Responsibility.


In a letter to Chancellor George Osborne, the Bank’s governor, Mervyn King, pointed out that, because of the way that the APF functions, the Treasury may well end up having to repay the cash, and more, in future.


This would occur if the Bank of England raised its own interest rate – which it uses to set monetary policy – to a level where it was paying more interest on its own borrowings than the AFP was earning on the government debt it holds.


The move comes a day after the Bank decided at a monthly policy-setting meeting not to extend its QE programme.


The Treasury said that the agreement was in line with the practice in the US and Japan, where central banks have been buying up their respective governments’ debts as part of a QE programme.


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Assad says will live and die in Syria
















DOHA (Reuters) – President Bashar al-Assad said he would “live and die” in Syria and warned that any Western invasion to topple him would have catastrophic consequences for the Middle East and beyond.


Assad’s defiant remarks coincided with a landmark meeting in Qatar on Thursday of Syria’s fractious opposition to hammer out an agreement on a new umbrella body uniting rebel groups inside and outside Syria, amid growing international pressure to put their house in order and prepare for a post-Assad transition.













The Syrian leader, battling a 19-month old uprising against his rule, appeared to reject an idea floated by British Prime Minister David Cameron on Tuesday that a safe exit and foreign exile for the London-educated Assad could end the civil war.


“I am not a puppet. I was not made by the West to go to the West or to any other country,” he told Russia Today television in an interview to be broadcast on Friday. “I am Syrian; I was made in Syria. I have to live in Syria and die in Syria.”


Russia Today’s web site, which published a transcript of the interview conducted in English, showed footage of Assad speaking to journalists and walking down stairs outside a white villa. It was not clear when he had made his comments.


The United States and its allies want the Syrian leader out, but have held back from arming his opponents or enforcing a no-fly zone, let alone invading. Russia has stood by Assad.


The president said he doubted the West would risk the global cost of intervening in Syria, whose conflict has already added to instability in the Middle East and killed some 38,000 people.


“I think that the price of this invasion, if it happened, is going to be bigger than the whole world can afford … It will have a domino effect that will affect the world from the Atlantic to the Pacific,” the 47-year-old president said.


“I do not think the West is going in this direction, but if they do so, nobody can tell what is next.”


QATAR, TURKEY CHIDE OPPOSITION


Backed by Washington, the Doha talks underline Qatar’s central role in the effort to end Assad‘s rule as the Gulf state, which funded the Libyan revolt to oust Muammar Gaddafi, tries to position itself as a player in a post-Assad Syria.


Qatari Prime Minister Hamad bin Jassim Al Thani urged the Syrian opposition to set its personal disputes aside and unite, according to a source inside the closed-door session.


“Come on, get a move on in order to win recognition from the international community,” the source quoted him as saying.


Turkish Foreign Minister Ahmed Davutoglu delivered a similar message, saying, according to the source: “We want one spokesman not many. We need efficient counterparts, it is time to unite.”


An official text of a speech by Qatari Foreign Minister Khalid Mohamed al-Attiyah showed he told the gathering: “The Syrian people awaits unity from you, not divisions … Your agreement today will prove to the international community that there is a unity … and this will reflect positively in the international community’s stance towards your fair cause.”


Across Syria, more than 90 people were killed in fighting on Thursday, the Syrian Observatory for Human Rights said.


In Turkey’s Hatay border province, two civilians, a woman and a young man, were wounded by stray bullets fired from Syria, according to a Turkish official. Turkish forces increased their presence along the frontier, where officials have said they might seek NATO deployment of ground to air missiles.


Syria poses one of the toughest foreign policy challenges for U.S. President Barack Obama as he starts his second term.


International rivalries have complicated mediation efforts. Russia and China have vetoed three Western-backed U.N. Security Council resolutions that would have put Assad under pressure.


Syria’s conflict, pitting mostly Sunni Muslim rebels against forces dominated by Assad’s Alawite minority, whose origins lie in Shi’ite Islam, has fuelled sectarian tensions across the Middle East. Sunni Arab countries and Turkey favor the rebels, while Shi’ite Iran backs Assad, its main Arab ally.


“VICIOUS CIRCLE”


The main opposition body, the Syrian National Council (SNC), has been heavily criticized by Western and Arab backers of the revolt as ineffective, run by exiles out of touch with events in Syria, and under the sway of the Islamist Muslim Brotherhood.


British Foreign Minister William Hague said London would now talk to rebel groups inside Syria, after U.S. Secretary of State Hillary Clinton last week criticized the SNC and called for a new opposition body to include those “fighting and dying”.


But the plan for a body that could eventually be considered a government-in-waiting capable of winning foreign recognition and therefore more military backing ran into trouble almost as soon as it was proposed by SNC member Riyad Seif.


The meeting has so far been bogged down by arguments over the SNC representation and the number of seats the rival groups – which include Islamists, leftists and secularists – will have in a proposed assembly. Seif said he hoped for agreement on that on Thursday night, although the talks may continue into Friday.


Senior SNC member Burhan Ghalioun said the participants were moving towards consensus: “The atmosphere was positive. We all agree that we don’t want to walk away from this meeting in failure,” he told reporters.


Seif’s proposal is the first concerted attempt to merge opposition forces to help end the devastating conflict.


The initiative would also create a Supreme Military Council, a Judicial Committee and a transitional government-in-waiting of technocrats – along the lines of Libya’s Transitional National Council, which managed to galvanize international support for its successful battle to topple Gaddafi.


Michael Doran of the Brookings Institute in Washington told a forum in Doha it would not work for Syria. “It’s not a ridiculous idea, but it’s not going to succeed,” he said.


A diplomat on the sidelines of the talks said international divisions in the U.N. Security council did not help.


“It’s a vicious circle. They are asking the opposition to unite when they admit they are not themselves united,” he said.


(Writing by Tom Perry and Samia Nakhoul; Editing by Alistair Lyon, Alastair Macdonald and Philippa Fletcher)


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SEAL Team Six Members Reprimanded in Video Game Consulting Deal
















Seven members of the Navy’s now-famous SEAL Team Six have been issued letters of reprimand and docked pay after divulging classified information to video-game maker Electronic Arts, CBS News reports.


The SEAL’s revealed the secret information in the course of their work as consultants for EA’s “Medal of Honor: Warfighter” game, which boasts of its high level of realism thanks to input from current and former soldiers, according to CBS.













One of the disciplined SEALs participated in the raid that killed Osama Bin Laden, though that mission is not portrayed in the game, according to CBS. Four former members of the team who remain in the armed services are also under investigation, CBS reported.


The letters of reprimand can make it difficult to get promoted.


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Mark Wahlberg to star in next ‘Transformers’ movie
















LOS ANGELES (AP) — Mark Wahlberg, roll out.


Transformersdirector Michael Bay says the 41-year-old actor will star in the franchise’s fourth film.













Bay called Wahlberg the “perfect guy to re-invigorate the franchise and carry on the Transformers‘ legacy” in a post on his blog Thursday. He previously squashed rumors that Wahlberg was joining the film franchise about warring robots.


Bay worked with Wahlberg on his upcoming film, “Pain and Gain.”


“Transformers 4″ is scheduled to be released by Paramount Pictures on June 27, 2014.


Bay has said the next film will take a new direction in the series. The first three movies starred Shia LaBeouf and featured Peter Cullen as the voice of Autobot general Optimus Prime.


The third “Transformers” film, “Dark of the Moon,” was the second highest-grossing film of 2011.


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Boston Scientific buys Vessix for blood pressure device
















(Reuters) – Boston Scientific Corp said on Thursday it will acquire privately-held Vessix Vascular Inc, a developer of a catheter-based device that treats high blood pressure by deadening nerves near the kidneys.


Under the terms of the deal, expected to close at the end of November, Boston Scientific will make an upfront payment of $ 125 million, plus milestone payments of up to $ 400 million between 2013 and 2017. The deal is expected to be immaterial to adjusted earnings in 2013 and 2014, and break-even to profitable thereafter.













One in three adults in the United States has high blood pressure, according to the National Institutes of Health.


Health officials say more than one billion people in the world suffer from the ailment, also known as hypertension, which can lead to coronary heart disease, heart failure, stroke, kidney failure, and other health problems.


Normal blood pressure is below 120/80 mmHg (millimeters of mercury). Hypertension is a reading above 140/90 mmHg.


Despite widespread availability of drugs to treat the condition, blood pressure in many patients remains uncontrolled.


Renal denervation is a procedure in which a thin, flexible catheter is threaded through the body to the renal sympathetic nerves near the kidneys. Radiofrequency energy is delivered to disrupt the nerve activity, relieving high blood pressure.


Renal denervation is expected to be a multibillion dollar market by 2020, according to Boston Scientific, a maker of heart pacemakers, implantable defibrillators and heart stents.


The new therapy is not yet approved in the United States, but several products are available in Europe.


Device makers that have received approval to sell hypertension devices in Europe include frontrunner Medtronic Inc, St Jude Medical Inc, Covidien Plc, ReCor Medical and Vessix, which also has approval in Australia.


“We think the acquisition of Vessix is strategically important as it provides Boston Scientific an entrance point into the valuable renal denervation market and it does so with a product that we think has advantages that will likely make it a viable competitor,” said Wells Fargo analyst Larry Biegelsen, who characterized the market as overcrowded.


Boston Scientific shares were trading at $ 5.16 on the New York Stock Exchange, unchanged from Wednesday’s close.


(Reporting By Debra Sherman; Editing by Jeffrey Benkoe)


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Bank refrains from new stimulus

















The Bank of England has decided not to extend its quantitative easing (QE) stimulus programme, which has injected £375bn into the UK financial system.













Under QE, the Bank creates money and uses it to buy government bonds to try to stimulate the economy.


The Bank’s Monetary Policy Committee (MPC) also decided to keep interest rates at 0.5%, the record low they have been held at since March 2009.


The UK came out of recession recently, growing 1% between July and September.


But a succession of poor economic indicators and corporate results has led many observers to believe that the economy is still weak, leading to speculation that more QE would be needed.


Indeed, the minutes from the last MPC meeting in October showed that some members thought more QE would be required at some point in the future.


“We are pretty sure that the economy will need more stimulus in the months ahead,” said Vicky Redwood of Capital Economics.


“And we do not think that the committee is out of firepower yet.”


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AAA-rating


The best credit rating that can be given to a borrower’s debts, indicating that the risk of borrowing defaulting is minuscule.




On Wednesday, the European Commission cut its 2013 eurozone growth forecast from 1% to just 0.1% and said it expected unemployment to continue rising next year.


As about half of Britain’s trade is with Europe, the commission’s forecast, if accurate, could have a significant knock-on effect for the UK.


But the jury is out on whether QE is effective enough at stimulating consumer spending and business investment.


In July, the Bank launched its Funding for Lending Scheme (FLS), aimed at encouraging banks and building societies to increase the size and frequency of loans they make to consumers and small businesses.


Under FLS, the Bank lends money to the financial institutions at below market rates, and offers a better deal to those who make the most loans.


As yet there is no published data showing how well the scheme is going.


However, on Friday the Bank is due to release statistics showing the lending rates being offered by financial institutions, and a general lowering of rates could indicate that FLS is beginning to work.


BBC News – Business



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