Asian stocks mostly higher on US fiscal hopes






HONG KONG - Asian markets mostly rose Tuesday, taking a lead from Wall Street as dealers grow confident US lawmakers will reach an agreement to avert the fiscal cliff.

Continued weakness of the yen helped send Japanese shares surging for a second straight session as Shinzo Abe prepares to take over as prime minister, vowing to press for a more aggressive policy of monetary easing.

Tokyo rose 0.96 percent, or 94.13 points, to 9,923.01, Seoul was up 0.51 percent, or 10.02 points, at 1,993.09, while Sydney added 0.48 percent, or 21.8 points, to 4,595.2.

Shanghai ended up 0.10 percent, or 2.12 points, at 2,162.46 while Hong Kong gave up earlier gains to end flat, dipping 18.88 points to 22,494.73.

Traders were reacting to news progress was finally being made in talks on a new deficit-cutting budget to replace the tax hikes and spending cuts due to come into effect at the start of January and which would likely tip the US economy into recession.

President Barack Obama hosted top Republican lawmaker John Boehner in the White House for 45 minutes Monday in the latest effort to avert going over the so-called fiscal cliff.

The meeting follows news that Boehner had changed his position on not allowing any more taxes, saying at the weekend that he would agree to some hikes for people earning more than US$1 million.

Although Obama has said he would only agree to rises on people earning more than US$250,000, analysts say the development shows the outline of a tentative deal is being formed.

Wall Street ended on a high, with the Dow closing up 0.76 percent, the S&P 500 gaining 1.19 percent and the Nasdaq adding 1.32 percent.

Japanese shares continued to be supported by the falling yen, which helps the country's exporters, as dealers bet on fresh central bank moves to boost the economy.

The election of Abe and his Liberal Democratic Party on Sunday was widely expected and investors now expect the Bank of Japan to unveil a further loosening of monetary policy at the end of its two-day meeting on Thursday.

Abe and central bank chief Masaaki Shirakawa held talks on Tuesday to discuss monetary policy.

In share trading, utility giant TEPCO, which runs the Fukushima plant at the centre of last year's nuclear crisis, surged 17.32 percent on expectations the new government will shelve any short-term plans to ditch atomic power.

In afternoon Tokyo trade, the dollar bought 84.96 yen, up from 83.87 yen in New York on Monday, while the euro also edged higher to 110.49 yen, from 110.40 yen.

The European single currency fetched US$1.3165, against US$1.3161 in New York.

Oil prices were up. New York's main contract, light sweet crude for delivery in January rose 58 cents to US$87.74 a barrel in the afternoon and Brent North Sea crude for February delivery advanced 73 cents to US$108.33.

Gold was at US$1,701.20 at 0800 GMT compared with US$1,690.10 late Monday.

In other markets:

-- Taipei rose 0.16 percent, or 12.46 points, to 7,643.74.

-- Manila rose 0.23 percent, or 12.74 points, to 5,636.59.

- AFP/ir



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NBC's Engel free after abduction in Syria

Updated at 5:26 a.m. Eastern

LONDON NBC News said Tuesday morning that veteran foreign correspondent Richard Engel, two of his colleagues and their security guard were free after five days of captivity at the hands of unidentified assailants in Syria.

NBC said in a statement that Engel, who went missing along with his crew on Thursday, was "freed from captors in Syria after a firefight at a checkpoint on Monday, five days after they were taken prisoner." The network did not identify the others who had been abducted with Engel.

"We are pleased to report they are safely out of the country," NBC added.

It remained unclear exactly who abducted Engel and the rest of his team. NBC said only that the captors "were not believed to be loyal to the Assad regime."

According to NBC, two of the captors were killed in the shootout at the checkpoint manned by a Syrian rebel group, the Ahrar al-Sham brigade, an Islamic Salafist group which operates across Syria, but has its strongest presence in the northern city of Idlib.

Several Western journalists have been detained by the increasingly isolated regime of President Bashar Assad, which has virtually banned independent reporting inside Syria. The journalists held by the regime have generally been set free in a matter of days. Others have been abducted and held briefly by armed militant groups fighting against Assad. The myriad rebel militias in Syria have vastly varying

One American journalist, freelance writer Austin Tice, remains missing after disappearing in mid-August. His parents visited Beirut, Lebanon in November, seeking information about their son, but said they still had not learned who was holding him or what condition he was in.

The U.S. government has said Assad's regime is likely holding the 31-year-old former Marine, who had been reporting on Syria's civil war for The Washington Post, McClatchy Newspapers and others.

Engel, NBC's chief foreign correspondent, has extensive history reporting on and living in the Middle East. He was reporting on the war from inside Syria when he was captured. His work has won him numerous awards, including five News & Documentary Emmys.

According to NBC, Engel speaks and reads fluent Arabic and can comfortably transition between several Arabic dialects spoken across the Arab world.

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Conn. Kids Laid to Rest: 'Our Hearts Are With You'













Visibly shaken attendees exiting the funeral today for 6-year-old Noah Pozner, one of 20 children killed in the Connecticut school massacre last week, said they were touched by a story that summed up the first-grader best.


His mother, Veronique, would often tell him how much she loved him and he'd respond: "Not as much as I [love] you," said a New York man who attended the funeral but was not a member of the family.


Noah's family had been scheduled to greet the public before the funeral service began at 1 p.m. at the Abraham L. Green & Son Funeral Home in Fairfield, Conn. The burial was to follow at the B'nai Israel Cemetery in Monroe, Conn. Those present said they were in awe at the composure of Noah's mother.


Rabbi Edgar Gluck, who attended the service, said the first person to speak was Noah's mother, who told mourners that her son's ambition when he grew up was to be either a director of a plant that makes tacos -- because that was his favorite food -- or to be a doctor.


Outside the funeral home, a small memorial lay with a sign reading: "Our hearts are with you, Noah." A red rose was also left behind along with two teddy bears with white flowers and a blue toy car with a note saying "Noah, rest in peace."


CLICK HERE for complete coverage of the tragedy at Sandy Hook.






Don Emmert/AFP/Getty Images













President Obama on Newtown Shooting: 'We Must Change' Watch Video







The funeral home was adorned with white balloons as members of the surrounding communities came also to pay their respects, which included a rabbi from Bridgeport. More than a dozen police officers were at the front of the funeral home, and an ambulance was on standby at a gas station at the corner.


U.S. Sen. Richard Blumenthal, U.S. Rep. and Sen.-Elect Chris Murphy and Gov. Dannel P. Malloy, all of Connecticut, were in attendance, the Connecticut Post reported.


Noah was an inquisitive boy who liked to figure out how things worked mechanically, The Associated Press reported. His twin sister, Arielle, was one of the students who survived when her teacher hid her class in the bathroom during the attack.


CLICK HERE for a tribute to the shooting victims.


The twins celebrated their sixth birthday last month. Noah's uncle Alexis Haller told the AP that he was "smart as a whip," gentle but with a rambunctious streak. He called his twin sister his best friend.


"They were always playing together, they loved to do things together," Haller said.


The funeral for Jack Pinto, 6, was also held today, at the Honan Funeral Home in Newtown. He was to be buried at Newtown Village Cemetery.


Jack's family said he loved football, skiing, wrestling and reading, and he also loved his school. Friends from his wrestling team attended his funeral today in their uniforms. One mourner said the message during the service was: "You're secure now. The worst is over."


Family members say they are not dwelling on his death, but instead on the gift of his life that they will cherish.


The family released a statement, saying, Jack was an "inspiration to all those who knew him."


"He had a wide smile that would simply light up the room and while we are all uncertain as to how we will ever cope without him, we choose to remember and celebrate his life," the statement said. "Not dwelling on the loss but instead on the gift that we were given and will forever cherish in our hearts forever."


Jack and Noah were two of 20 children killed Friday morning at Sandy Hook Elementary School in Newtown, Conn., when 20-year-old Adam Lanza sprayed two first-grade classrooms with bullets that also killed six adults.






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Is the obesity epidemic caused by too much sugar?



Luc Tappy, contributor



LON124750.jpg

(Image: Martin Parr/Magnum)


In Fat Chance, endocrinologist Robert Lustig argues that insidious changes to our eating habits have caused disruptions to our endocrine systems



THE number of obese people in the world has doubled in the last three decades. During the same period, the way we eat has changed insidiously: the proportion of meals eaten outside the home has grown, people have come to rely more and more on ready-to-eat processed foods, and sugar consumption has soared to the highest levels in human history. Unsurprisingly, none of this is for the better of our health, says endocrinologist Robert Lustig.





fat_chance_175.jpg

Obese people struggling to lose weight, and health professionals involved in helping them to do so, will agree that obesity is not down to mere gluttony or sloth. Subtle, yet unrecognised neuroendocrine defects likely also play a role.



In Fat Chance, Lustig argues that the rise of obesity is the result of high concentrations of insulin in the blood, together with resistance to leptin - a hormone secreted by the body's fat cells that normally signals the brain to shut down food intake.



According to his hypothesis, the problem begins when dietary sugar stimulates insulin secretion, promoting storage of food energy in fat cells. Because this energy is not available to other cells, the signal to eat doesn't get switched off. In such conditions, leptin should tell the brain to reduce food intake. But the brains of obese people who have developed insulin resistance also become resistant to the effects of leptin. Lustig says that is because high insulin levels block leptin's signals to the brain, but unfortunately he doesn't show by what mechanism this might be happening, or clarify whether leptin resistance is a direct consequence of eating sugar. Still, if these factors are at work, it would help to explain uninhibited overeating.



After laying out his theory, Lustig goes on to scrutinise the composition of the average modern diet. He concludes that four specific nutrients are instrumental in the development of obesity. Top of the list are "sugars", and more specifically fructose. This monosaccharide is consumed when foods contain added sugar (be it cane or beet sugar, or high-fructose corn syrup). Fructose, which Lustig describes as a toxin, can be converted into fat by the liver, and hence can be directly involved in the development of complications of obesity such as heart disease and non-alcoholic fatty liver disease. The other three nutrients on his hazards list are alcohol, branched-chain amino acids and trans fats.



Once he has made a case for the causes of obesity, Lustig outlines the dietary changes and public policies required to reduce them. These are very familiar: a drastic reduction in sugar consumption, increasing intake of foods that contain high amounts of dietary fibre - whole fruits rather than juices, for example - and an increase in physical activity.



There are many books on the ills of obesity. So what does this one add? Fat Chance is certainly not intended as a practical guide for people attempting to lose weight, and with often superficial presentations of the science, it is not for health professionals either. Instead, this book offers the general reader a critical appraisal of our present diet and eating habits. Most important, Lustig's recommendations to reduce sugar intake, eat more fibre-rich foods, and lobby the food industry and government to take practical steps to improve the quality of our diet, are certainly valid and more than appropriate.



Fat Chance is a position statement. Lustig argues that sugar and processed foods are driving the obesity epidemic, and he calls for policy interventions to reduce their consumption by any possible means. He is venturing into controversial territory and many of his hypotheses remain unproven, and at times draw on a rather thin scientific background. Yet they are nonetheless highly plausible - and worrying.




Luc Tappy is a professor of physiology at the University of Lausanne in Switzerland



Fat Chance: Beating the odds against sugar, processed food, obesity, and disease by Robert H. Lustig
Fourth Estate/Hudson Street Press
£13.99/$25.95



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Flat to low digit growth for S'pore telco sector in 2013: analysts






SINGAPORE: The three main telco operators in Singapore will have a tough year ahead as analysts expect flat to low single digit revenue growth, despite the rollout of the high speed 4G network.

The telcos face slowing industry-wide growth and loss of sales in core voice and data markets as their hip, young, internet-based competitors offering free services are stealing market share.

Yet, digital and mobile is where Singapore's biggest telco is placing its biggest bet.

Singtel's group CEO, Chua Sock Koong, said: "Growing the top line would involve better monetisation of mobile data, which is a fast growing area (and) looking at new revenue sources -- that's where our investments in a lot of digital life investments will come true."

According to the International Data Corporation (IDC), vendors will ship more than 1.7 billion mobile phones globally this year.

But the long queues for new releases of smart phones like iPhone 5 and Samsung Galaxy Note 2 do not immediately translate into higher revenue for SingTel, StarHub and M1.

OCBC Research's senior research manager, Carey Wong, said: "Singapore's penetration rate is already close to 150 percent. It is a very mature market. Any raise in ARPU (Average Revenue Per User) would probably take some time to flow through.

"We are also seeing a little bit of subscriber growth since the penetration is so high. We think low single digit is probably correct for such mature market."

New revenue may come from the telcos moving into content and infrastructure and may also tap upstream customers like government agencies and corporations.

Standard Chartered Bank's director of Technology and Global Equity Research, Don See, said: "We need to see telcos demonstrate willingness to be more entrepreneurial -- to try out new things and to actually have a more bigger willingness to step away from their legacy business to capture some of these growth opportunities."

StarHub has been the outperformer in 2012 with its shares up by 33 percent.

SingTel and M1 have both climbed about 10 percent.

- CNA/lp



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NFL Week 15: The best photos

The Jacksonville Jaguars observe a moment of silence to honor the victims of the Connecticut school shooting before their game against the Miami Dolphins at Sun Life Stadium on Sunday, December 16. Check out the action from Week 15 of the NFL and then look back at the best photos from Week 14.
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First funerals set for Conn. shooting victims

Nov. 13, 2012 photo provided by the family via The Washington Post shows Noah Pozner, 6 / AP/Family Photo

NEWTOWN, Conn. The Connecticut Funeral Directors Association has announced that funerals have been scheduled for seven of the Connecticut school shooting victims.

Services for 6-year-olds Noah Pozner and Jack Pinto are being planned for Monday.

The funeral for 6-year-old Jessica Rekos is Tuesday.

On Wednesday, there will be funerals for 7-year-old Daniel Barden and 27-year-old teacher Victoria Soto.




19 Photos


Victims of Conn. school shooting



Services will be held on Thursday for 6-year-old Catherine Hubbard.

A private service has been planned for 6-year-old Dylan Hockley. No date was announced.

A spokesman for the local diocese, Brian Wallace, said it had not been asked yet to provide funerals for gunman Adam Lanza or his mother. Police say he shot her to death before heading to the Sandy Hook Elementary School and going on his rampage.

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'We Can't Tolerate This Anymore,' Obama Says













President Barack Obama said at an interfaith prayer service in this mourning community this evening that the country is "left with some hard questions" if it is to curb a rising trend in gun violence, such as the shooting spree Friday at Newtown's Sandy Hook Elementary School.


After consoling victims' families in classrooms at Newtown High School, the president said he would do everything in his power to "engage" a dialogue with Americans, including law enforcement and mental health professionals, because "we can't tolerate this anymore. These tragedies must end. And to end them we must change."






Mandel Ngan/AFP/Getty Images











President Obama: 'Newtown You Are Not Alone' Watch Video









Sandy Hook Elementary Shooting: Remembering the Victims Watch Video







The president was not specific about what he thought would be necessary and did not even use the word "gun" in his remarks, but his speech was widely perceived as prelude to a call for more regulations and restrictions on the availability of firearms.


The grieving small town hosted the memorial service this evening as the the nation pieces together the circumstances that led to a gunman taking 26 lives Friday at the community's Sandy Hook Elementary School, most first graders.


"Someone once described the joy and anxiety of parenthood as the equivalent of having your heart outside your body all of the time, walking around," he said, speaking of the joys and fears of raising children.


"So it comes as a shock at a certain point when you realize no matter how much you love these kids you can't do it by yourself," he continued. "That this job of protecting kids and teaching them well is something we can only do together, with the help of friends and neighbors, with the help of a community, and the help of a nation."


CLICK HERE for Full Coverage of the Tragedy at Sandy Hook






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How human biology can prevent drug deaths






















Thousands of people die from adverse effects of medicines that have been tested on animals. There is a better way, say geneticist Kathy Archibald and pharmacologist Robert Coleman






















ADVERSE drug reactions are a major cause of death, killing 197,000 people annually in the European Union and upwards of 100,000 in the US. Little coverage is given to such grim statistics by governments or pharmaceutical companies, so patients and their doctors are not primed to be as vigilant as they should be, and adverse drug reactions (ADRs) remain seriously under-recognised and under-reported.












The €5.88-million EU-ADR project, which published its final report in October, showed that it is possible to spot these reactions earlier by applying data-mining techniques to electronic health records. These techniques could, for example, have detected the cardiovascular risk signals of arthritis drug Vioxx three years before the drug was withdrawn in 2004 - saving many tens of thousands of lives. But invaluable as such systems are, it would be even better to detect risk signals before a drug reaches humans, thus saving even more lives.












Currently, 92 per cent of new drugs fail clinical trials, even though they have successfully passed animal tests. This is mostly because of toxicity, which can be serious and even fatal for the people taking part in the trials. For example, in 2006, six people enrolled in a UK trial of the drug TGN1412 were hospitalised after developing multiple organ failure. Many clinical trials are now conducted in India, where, according to India's Tribune newspaper, at least 1725 people died in drug trials between 2007 and 2011. Clearly, there is an urgent need for better methods to predict the safety of medicines for patients as well as volunteers in clinical trials.












At the patient safety charity, Safer Medicines, we believe this goal is most likely to be achieved through a greatly increased focus on human, rather than animal, biology in preclinical drugs tests. New tests based on human biology can predict many adverse reactions that animal tests fail to do, and could, for example, have detected the risk signals produced by Vioxx, which in animal studies appeared to be safe, and even beneficial to the heart.












These techniques include: human tissue created by reprogramming cells from people with the relevant disease (dubbed "patient in a dish"); "body on a chip" devices, where human tissue samples on a silicon chip are linked by a circulating blood substitute; many computer modelling approaches, such as virtual organs, virtual patients and virtual clinical trials; and microdosing studies, where tiny doses of drugs given to volunteers allow scientists to study their metabolism in humans, safely and with unsurpassed accuracy. Then there are the more humble but no less valuable studies in ethically donated "waste" tissue.












These innovations promise precious insights into the functioning of the integrated human system. Many are already commercially available, but they are not being embraced with the enthusiasm they merit.












Pharmaceutical companies would make much greater use of them if governments encouraged it, but inflexible requirements for animal tests is a major deterrent. Ever since the thalidomide birth-defects tragedy, animal testing has been enshrined in law worldwide, despite the irony that more animal testing would not have prevented the release of thalidomide, because the drug harms very few species.


















So how well have animal tests protected us? Many studies have calculated the ability of animal tests to predict adverse reactions to be at or below 50 per cent. In 2008, a study in Theriogenology (vol 69, p 2) concluded: "On average, the extrapolated results from studies using tens of millions of animals fail to accurately predict human responses." And a recent study in Regulatory Toxicology and Pharmacology (vol 64, p 345) shows that animal tests missed 81 per cent of the serious side effects of 43 drugs that went on to harm patients.












It is hard to understand why governments defend a system with such a poor record, or why they are dismissive of new technologies that promise increased patient safety while decreasing the time and cost of drug development, not to mention the savings to healthcare systems from fewer adverse drug reactions. Proposals to compare human-based tests with animal-based approaches have been strongly supported by members of the UK parliament. The Early Day Motions they signed were among the most-signed of all parliamentary motions between 2005 and 2006, 2008 and 2009, and 2010 and 2012.












Safer Medicines has put these concerns to the UK Department of Health and the prime minister - to be told that "human biology-based tests are not better able to predict adverse drug reactions in humans than animal tests".












It is a tragedy that so many suffer or die through the use of inadequately tested drugs when tests based on human biology are readily available. Yet governments continue to mandate animal tests, despite the lack of a formal demonstration of fitness for purpose, and a growing global realisation among scientists that animal toxicity tests are inadequate and must be replaced.












In its 2007 report, Toxicity Testing in the 21st Century: A Vision and a Strategy, the US National Research Council called for the replacement of animal tests: "The vision for toxicity testing in the 21st century articulated here represents a paradigm shift from the use of experimental animals... toward the use of more efficient in vitro tests and computational techniques." To its credit, the US government is at least working on initiatives to hasten this. The UK government, however, still denies there is a problem. How many must die before it listens?




















Kathy Archibald is director of the Safer Medicines Trust. She is a geneticist who worked in the pharmaceutical industry.





Robert Coleman is a pharmacologist with pharmaceutical industry experience. He is now a drug discovery consultant and adviser to the trust



































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