US Dollar falls on euro as Fed meets






NEW YORK: The US dollar fell against the euro Tuesday as the Federal Reserve opened a two-day meeting keenly watched for signs that the US central bank could move up plans for tightening monetary policy.

The euro hits its best level against the greenback since December 2011, at 2200 GMT, trading at US$1.3493 compared to US$1.3454 late Monday.

No major new decisions were expected from the Fed Wednesday in the wake of December's momentous meeting, in which it expanded its bond-buying program and set explicit unemployment and inflation targets for raising interest rates.

But with four new members rotating onto the Federal Open Market Committee and the notes from the last meeting showing increasing concerns over inflation, analysts will be looking for any nuance on its view of economic strength.

"There is heavy debate amongst traders as to when the Fed's quantitative easing program will slow or come to an end alongside evidence that the US economy is improving gradually," said Renee Mu at DailyFX.

"The Fed, though, with new voters is less likely to stop its asset buying within the first half of 2013."

Yet the US dollar's steady fall since early November has not been matched by the bond market, where prices have dropped sharply in the past week and yields surged as bond investors anticipate an early tightening of monetary policy.

"Expectations for the Fed have shifted significantly in the past couple of weeks, which in turn has moved the bond market," said Chris Low at FTN Financial.

"The market now expects the Fed will raise rates in Q4, 2014."

The yen was mixed Tuesday. The dollar fell marginally to 90.72 yen from 90.82 yen, while the euro bought 122.42 yen, up from 122.20.

The pound ended its losing streak, picking up to US$1.5758 from US$1.5692. The dollar fell to 0.9212 Swiss francs from 0.9259 francs.

- AFP/jc



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Smaller Apple TV box hinted at in FCC filing



A new regulatory filing suggests Apple is readying a fourth-generation Apple TV set, one that looks a whole lot like the last two models, but with one minor difference.


That difference is size. The new version, which was spotted by Endgadget in a filing with the Federal Communications Commission (FCC) today, is 93.78mm around versus the current model's 98mm. It also carries the model number A1469, which differs from the current model's A1427 designation.



The filing comes on the heels of a reference to an unreleased
Apple TV model inside of
iOS 6.1, which Apple released to the public yesterday after months of testing. Like the iPhone,
iPad and iPod touch, the Apple TV also runs iOS, though differs in various ways -- notably a lack of touch interface, and the capability to install and use third-party applications.


Apple updated the Apple TV's hardware last March with a third-generation model that added 1080p playback. Since then Apple has put out a handful of interim software updates that added new features, including compatibility with iTunes Match and more recently Bluetooth keyboards. The company is still expected to roll out a full-fledged TV set, possibly as soon as this fall, putting any interim hardware releases under closer scrutiny.

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FBI: Gun background checks peaked after Newtown tragedy

WASHINGTON The FBI said Monday it conducted more background checks for firearms sales and permits to carry guns the week following the Newtown, Conn., shooting massacre that it has in any other one-week period since 1998.

The second highest week for background checks came earlier this month as President Barack Obama announced sweeping plans to curb gun violence. The FBI started keeping track of federally mandated background checks in 1998.

The newly released FBI data confirms what many gun dealers around the country have said about sales going up after the deadly Connecticut shooting that left 27 dead, including 20 children, as gun enthusiasts braced for stricter controls. The number of background checks does not represent the number of firearms purchased, but gun manufacturers use these statistics to measure the health of the gun industry in the U.S.

After the Dec. 14 shooting at a Newtown elementary school, the FBI conducted 953,613 background checks between Dec. 17 and Dec. 23. The highest number of background checks in a single day since 1998 was Dec. 21, just one week after a gunman shot and killed his mother at their Connecticut home using weapons his mother had legally purchased before he drove to the school and shot his way into the building. The second highest day for background checks was December 20.



During the week that Obama announced his plans to curb gun violence, the FBI conducted 641,501 background checks. The 10th highest single day for background checks came Jan. 19, three days after Obama spoke about gun violence and new gun control measures. Obama has announced a $500 million plan to tighten federal gun laws, and he is urging Congress to pass new laws that would ban "military-style assault weapons."

Nationally, there were nearly twice as many more background checks for firearms between November and December 2012 than during the same time period one year ago.

Background checks typically spike during the holiday shopping season, and some of the increases in the most recent FBI numbers can be attributed to that. But the number of background checks also tends to increase after mass shootings, when gun enthusiasts fear restrictive measures are imminent.

One gun store owner in Nashville, Tenn., said people in the business are calling this rush to buy guns after the Newton shooting a "banic," meaning people are panicked that Obama would ban guns.

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Immigration Plan Includes Path to Citizenship












A bipartisan group of senators on Monday formally unveiled their proposal to drastically overhaul the nation's immigration system, with the hope of passing a bill out of the Senate by late spring or early summer.


"We believe this will be the year Congress finally gets it done," Sen. Chuck Schumer (D-N.Y.) one of the members of the so-called "Gang of Eight" said during a press conference on Capitol Hill.


See Also: Transcript: Framework for Immigration Reform


Five of the eight members of the group -- Schumer, Bob Menendez (D-N.J.), Dick Durbin (D-Ill.), Marco Rubio (R-Fla.), and John McCain (R-Ariz.) -- appeared at the press conference intended to outline their immigration proposal. The proposal would provide a path to citizenship for many of the nation's 11 million undocumented immigrants while upping border security and cracking down on businesses that hire workers who are not legally present in the U.S.


Sens. Jeff Flake (R-Ariz.), Lindsey Graham (R-S.C.), and Michael Bennet (D-Colo.) were the members not in attendance.


The senators all expressed optimism that their legislation could pass both the House and the Senate. Schumer added that he hopes to have an actual piece of legislation done by the end of March, and then have the Senate act on it right away.






Saul Loeb/AFP/Getty Images







But while some conservatives have signaled support for the Senate framework, many others have resisted any plan that could grant a pathway to citizenship to undocumented immigrants, saying it amounts to amnesty for people who broke the law.


The Senate's plan does not grant undocumented immigrants automatic "amnesty," rather it requires them to go through an arduous process that includes undergoing a background check, paying fines, back taxes and learning English and American civics over the course of a number of years. The new law would grant eligible undocumented immigrants permission to live and work in the U.S. legally, but would not confer permanent legal status, or a green card, until the border is deemed to be secure. Young people brought into the U.S. illegally as minors and some agricultural workers would face an easier path to citizenship.


"We will never put these people on a path to citizenship until we have secured the border," Schumer said.


McCain, who helped lead the last effort on a comprehensive immigration bill in 2007 said, "We have been too content for too long to allow individuals to mow our lawns, grow our food, clean our homes, and even watch our children while not affording them any of the benefits that make our country so great."


Senators in both political parties suggested that the reason that some Republicans have had a change of heart was because of the results of last November's election, when seven in 10 Latino voters backed President Barack Obama over Republican Mitt Romney.


"The politics on this issue have been turned upside down," Schumer said. "For the first time ever, there is more political risk in opposing immigration reform, than in supporting it."


Perhaps more than anyone on the stage, McCain understands this. While he backed comprehensive immigration reform five years ago, he backed away from it during his 2010 run for Senate, just as his home state was considering the SB 1070 crackdown law on undocumented immigrants.


McCain went so far as to say that the current plan is a "testimonial" to bill he worked on with Sen. Ted Kennedy (D-Mass.), the late liberal icon, in 2007.


Another member of the group, Marco Rubio, had not always voiced support for a pathway to citizenship for undocumented immigrants during his Senate career. But on Monday, he said that Congress needs to "address the reality" of the massive undocumented population in the U.S.






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Egyptian protesters defy curfew, attack police stations


CAIRO/ISMAILIA, Egypt (Reuters) - Egyptian protesters defied a nighttime curfew in restive towns along the Suez Canal, attacking police stations and ignoring emergency rule imposed by Islamist President Mohamed Mursi to end days of clashes that have killed at least 52 people.


At least two men died in overnight fighting in the canal city of Port Said in the latest outbreak of violence unleashed last week on the eve of the anniversary of the 2011 revolt that brought down autocrat Hosni Mubarak.


Political opponents spurned a call by Mursi for talks on Monday to try to end the violence.


Instead, huge crowds of protesters took to the streets in Cairo, Alexandria and in the three Suez Canal cities - Port Said, Ismailia and Suez - where Mursi imposed emergency rule and a curfew on Sunday.


"Down, down with Mohamed Mursi! Down, down with the state of emergency!" crowds shouted in Ismailia. In Cairo, flames lit up the night sky as protesters set police vehicles ablaze.


In Port Said, men attacked police stations after dark. A security source said some police and troops were injured. A medical source said two men were killed and 12 injured in the clashes, including 10 with gunshot wounds.


"The people want to bring down the regime," crowds chanted in Alexandria. "Leave means go, and don't say no!"


The demonstrators accuse Mubarak's successor Mursi of betraying the two-year-old revolution. Mursi and his supporters accuse the protesters of seeking to overthrow Egypt's first ever democratically elected leader through undemocratic means.


Since Mubarak was toppled, Islamists have won two referendums, two parliamentary elections and a presidential vote. But that legitimacy has been challenged by an opposition that accuses Mursi of imposing a new form of authoritarianism, and punctuated by repeated waves of unrest that have prevented a return to stability in the most populous Arab state.


WEST UNNERVED


The army has already been deployed in Port Said and Suez and the government agreed a measure to let soldiers arrest civilians as part of the state of emergency.


The instability unnerves Western capitals, where officials worry about the direction of powerful regional player that has a peace deal with Israel. The United States condemned the bloodshed and called on Egyptian leaders to make clear violence is not acceptable. ID:nW1E8MD01C].


In Cairo on Monday, police fired volleys of teargas at stone-throwing protesters near Tahrir Square, cauldron of the anti-Mubarak uprising. Demonstrators stormed into the downtown Semiramis Intercontinental hotel and burned two police vehicles.


A 46-year-old bystander was killed by a gunshot early on Monday, a security source said. It was not clear who fired.


"We want to bring down the regime and end the state that is run by the Muslim Brotherhood," said Ibrahim Eissa, a 26-year-old cook, protecting his face from teargas wafting towards him.


The political unrest in the Suez Canal cities has been exacerbated by street violence linked to death penalties imposed on soccer supporters convicted of involvement in stadium rioting in Port Said a year ago.


Mursi's invitation to opponents to hold a national dialogue with Islamists on Monday was spurned by the main opposition National Salvation Front coalition, which rejected the offer as "cosmetic and not substantive".


The only liberal politician who attended, Ayman Nour, told Egypt's al-Hayat channel after the meeting ended late on Monday that attendees agreed to meet again in a week.


He said Mursi had promised to look at changes to the constitution requested by the opposition but did not consider the opposition's request for a government of national unity.


The president announced the emergency measures on television on Sunday: "The protection of the nation is the responsibility of everyone. We will confront any threat to its security with force and firmness within the remit of the law," Mursi said.


His demeanor in the address infuriated his opponents, not least when he wagged a finger at the camera.


Some activists said Mursi's measures to try to impose control on the turbulent streets could backfire.


"Martial law, state of emergency and army arrests of civilians are not a solution to the crisis," said Ahmed Maher of the April 6 movement that helped galvanize the 2011 uprising. "All this will do is further provoke the youth. The solution has to be a political one that addresses the roots of the problem."


(Additional reporting by Edmund Blair and Yasmine Saleh in Cairo and Abdelrahman Youssef in Alexandria; Writing by Edmund Blair, Yasmine Saleh and Peter Graff)



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US military plans drone base near Mali: official






WASHINGTON: The US military plans to set up a base for drones in northwest Africa to bolster surveillance of Al-Qaeda's affiliate in the region and allied Islamist extremists, a US official told AFP on Monday.

The base for the robotic, unmanned aircraft would likely be located in Niger, on the eastern border of Mali, where French forces are currently waging a campaign against Al-Qaeda in the Islamic Maghreb (AQIM), said the official, who spoke on condition of anonymity.

The base was first reported by the New York Times earlier Monday.

The airfield would allow for better intelligence gathering by unarmed drones on the movement of AQIM and other militants, which Washington considers a growing threat, the official said.

If the plan gets the green light, up to 300 US military service members and contractors could be sent to the base to operate the drone aircraft, according to the New York Times.

US Africa Command was also looking at an alternative location for the base in Burkina Faso, the official said.

But State Department spokeswoman Victoria Nuland reiterated that there are no plans to commit US troops to any fighting on the ground.

"The US military is not going to be engaged in combat operations in Mali," she stressed, "and we don't expect US forces to become directly involved on the ground in combat either."

The United States and Niger signed a status of forces agreement Monday, which will provide legal safeguards for any American forces in the country. The Pentagon secures such agreements for base arrangements or troop deployments.

The French intervention in Mali, the recent hostage taking at an Algerian natural gas plant and the deadly assault on a US consulate in Libya in September has increased the demand in Washington for more intelligence on militants in the region.

As news emerged of the planned drone base, the Wall Street Journal reported that US military and intelligence officials were weighing plans to provide French fighter aircraft with sophisticated data to help them hunt down militants in Mali.

President Barack Obama's administration waited for more than two weeks before agreeing to offer aerial refuelling tankers to the French forces, amid concerns among some advisers that assisting the French could draw the United States into an open-ended conflict.

The Obama administration has also provided transport planes to help ferry French weapons and troops and to share intelligence with Paris from surveillance aircraft, including reportedly unmanned Global Hawk spy planes.

But Nuland stressed a political situation was also needed for Mali.

"There has to be more than a purely security solution to the problems in Mali," she said, adding "the security track and the political track have to go hand in hand."

"A key component of returning stability to Mali includes new elections and overturning the results of the coup firmly."

- AFP/jc



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With new 'Star Wars' on tap, Lucasfilm bails on Episodes II and III in 3D



George Lucas and new 'Star Wars Episode VII' director J.J. Abrams.



(Credit:
Joi Ito)



With the creative team for "Star Wars Episode VII" now in place, Lucasfilm and Disney appear to be using the forward movement on that project as an excuse to shelve plans to release 3D versions of Episodes II and III.


In a news post today on StarWars.com, Lucasfilm announced the abandoning of the release of the 3D versions of the two prequel films.


"Lucasfilm has decided to postpone this fall's scheduled release of 'Star Wars' Episodes II and III in 3D," it wrote today. "Given the recent development that we are moving forward with a new 'Star Wars' trilogy, we will now focus 100 percent of our efforts on 'Star Wars: Episode VII' in order to ensure the best possible experience for our fans. We will post further information about our 3D release plans at a later date.


In the weeks since Disney announced the purchase of Lucasfilm for $4 billion, it has made additional news by hiring "Toy Story 3" writer Michael Arndt to pen the screenplay for the next "Star Wars" film, and last week, got the entire "Star Wars" universe excited -- for better or worse -- by hiring "Star Trek" director and "Lost" creator J.J. Abrams to direct "Episode VII."


Lucasfilm released Episode I in 3D a year ago.


Via @FutureBoy

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Chicago's deadly day: Shootings kill 7, wound 6

CHICAGO Chicago authorities say seven people were killed and six wounded in gun violence in one day.

Among those killed Saturday was a 34-year-old man whose mother had already lost her three other children to shootings. Police say Ronnie Chambers, who was his mother's youngest child, was shot in the head while sitting in a car.

Police say two separate double-homicide shootings also occurred Saturday about 12 hours apart.

In one, a 16-year-old boy and a 32-year-old man were killed.


chicago, homicide

The scene of a double homicide outside Kevin's Hamburger Heaven in the Chicago's Bridgeport neighborhood on Jan. 26, 2013.


/

WBBM

In another, two men in their 40s were killed, and another injured, after a shooting outside a 24-hour hamburger stand, reports CBS affiliate WBBM in Chicago.

"We just getting something to eat. That's it, and all we heard was boom, boom, boom. Look up it's my man laying, both of them laying, I seen both of them laying, but I didn't really know it was my man until I looked and I seen him and I just couldn't believe it," witness Lamar Baker told WBBM-TV.

Baker said his friend was celebrating a birthday, and was a father of five young children, according to WBBM-TV. The second victim had just gotten off work.



Chicago's homicide count eclipsed 500 last year for the first time since 2008. Chicago's homicide rate was almost double in the early 1990s, averaging around 900.

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Brazil Nightclub Fire: 232 Dead, Hundreds Injured













Flames raced through a crowded nightclub in southern Brazil early Sunday, killing more than 230 people as panicked partygoers gasped for breath in the smoke-filled air, stampeding toward a single exit partially blocked by those already dead. It appeared to be the world's deadliest nightclub fire in more than a decade.



Witnesses said a flare or firework lit by band members started the blaze in Santa Maria, a university city of about 225,000 people, though officials said the cause was still under investigation.



Television images showed smoke pouring out of the Kiss nightclub as shirtless young men who had attended a university party joined firefighters using axes and sledgehammers to pound at windows and walls to free those trapped inside.



Guido Pedroso Melo, commander of the city's fire department, told the O Globo newspaper that firefighters had a hard time getting inside the club because "there was a barrier of bodies blocking the entrance."



Teenagers sprinted from the scene desperately seeking help. Others carried injured and burned friends away in their arms.



"There was so much smoke and fire, it was complete panic, and it took a long time for people to get out, there were so many dead," survivor Luana Santos Silva told the Globo TV network.



The fire spread so fast inside the packed club that firefighters and ambulances could do little to stop it, Silva said.






Germano Roratto/AFP/Getty Images








Another survivor, Michele Pereira, told the Folha de S. Paulo newspaper that she was near the stage when members of the band lit flares that started the conflagration.



"The band that was onstage began to use flares and, suddenly, they stopped the show and pointed them upward," she said. "At that point, the ceiling caught fire. It was really weak, but in a matter of seconds it spread."



Guitarist Rodrigo Martins told Radio Gaucha that the band, Gurizada Fandangueira, started playing at 2:15 a.m. "and we had played around five songs when I looked up and noticed the roof was burning"



"It might have happened because of the Sputnik, the machine we use to create a luminous effect with sparks. It's harmless, we never had any trouble with it.



"When the fire started, a guard passed us a fire extinguisher, the singer tried to use it but it wasn't working"



He confirmed that accordion player Danilo Jacques, 28, died, while the five other members made it out safely.



Police Maj. Cleberson Braida Bastianello said by telephone that the toll had risen to 233 with the death of a hospitalized victim — he said earlier that the death toll was likely made worse because the nightclub appeared to have just one exit through which patrons could exit.



Officials counted 232 bodies that had been brought for identification to a gymnasium in Santa Maria, which is located at the southern tip of Brazil, near the borders with Argentina and Uruguay.



Federal Health Minister Alexandre Padhilha told a news conference that most of the 117 people treated in hospitals had been poisoned by gases they breathed during the fire. Only a few suffered serious burns, he said.



Brazil President Dilma Rousseff arrived to visit the injured after cutting short her trip to a Latin American-European summit in Chile.



"It is a tragedy for all of us," Rousseff said.



Most of the dead apparently were asphyxiated, according to Dr. Paulo Afonso Beltrame, a professor at the medical school of the Federal University of Santa Maria who went to the city's Caridade Hospital to help victims.





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Nightclub fire kills 233 in Brazil


SANTA MARIA, Brazil (Reuters) - A nightclub fire killed at least 233 people in southern Brazil early on Sunday when a band's pyrotechnics show set the building ablaze and fleeing partygoers stampeded toward blocked and overcrowded exits in the ensuing panic, officials said.


The blaze in the university town of Santa Maria was ignited by sparks from pyrotechnics used by the band for visual effects. They set fire to soundproofing on the ceiling and the club rapidly filled with toxic smoke, local fire officials said.


Most of those who died were suffocated by fumes, fire brigade Sergeant Robson Muller told Reuters. Others were crushed in the stampede.


"Smoke filled the place instantly, the heat became unbearable," survivor Murilo Tiescher, a medical student, told GloboNews TV. "People could not find the only exit. They went to the toilet thinking it was the exit and many died there."


Fire officials said at least one exit was locked and that club bouncers, who at first thought those fleeing were trying to skip out on bar tabs, initially blocked patrons from leaving. The security staff relented only when they saw flames engulfing the ceiling.


The tragedy, in a packed venue in one of Brazil's most prosperous states, comes as the country scrambles to improve safety, security and logistical shortfalls ahead of the 2014 World Cup soccer tournament and the 2016 Olympics, both intended to showcase the economic advances and first-world ambitions of Latin America's largest nation.


In Santa Maria, a city of more than 275,000 people, rescue workers and weary officials wept alongside family and friends of the victims at a local gymnasium being used as a makeshift morgue.


"It's the saddest, saddest day of my life," said Neusa Soares, the mother of one of those killed, 22-year-old Viviane Tolio Soares. "I never thought I would have to live to see my girl go away."


President Dilma Rousseff cut short an official visit to Chile and flew to Santa Maria, where she wept as she spoke to relatives of the victims at the gym.


"All I can say at the moment is that my feelings are of deep sorrow," said Rousseff, who began her political career in Rio Grande do Sul, the state where the fire occurred.


News of the fire broke on Sunday morning, when local news broadcast images of shocked people outside the nightclub called Boate Kiss. Gradually, grisly details emerged.


"BARRIER OF THE DEAD"


"We ran into a barrier of the dead at the exit," Colonel Guido Pedroso de Melo, commander of the fire brigade in Rio Grande do Sul, said of the scene that firefighters found on arrival. "We had to clear a path to get to the rest of those that were inside."


Officials said more than 1,000 people may have been in the club, possibly exceeding its legal capacity. Though Internet postings about the venue suggested as many as 2,000 people at times have crammed into the club, Pedroso de Melo said no more than half that should have been inside.


He said the club was authorized to be open but its permit was in the process of being renewed.


However, Pedroso de Melo did point to several egregious safety violations - from the flare that went off during the show to the locked door that kept people from leaving.


The club's management said in a statement that its staff was trained and prepared to deal with any emergency. It said it would help authorities with their investigation.


When the fire began at about 2:30 a.m., many revelers were unable to find their way out in the chaos.


"It all happened so fast," survivor Taynne Vendrusculo told GloboNews TV. "Both the panic and the fire spread rapidly, in seconds."


Once security guards realized the building was on fire, they tried in vain to control the blaze with a fire extinguisher, according to a televised interview with one of the guards, Rodrigo Moura. He said patrons were getting trampled as they rushed for the doors, describing it as "a horror film."


Band member Rodrigo Martins said the fire started after the fourth or fifth song and the extinguisher did not work.


"It could have been a short circuit, there were many cables there," Martins told Porto Alegre's Radio Gaucha station. He said there was only one door and it was locked. A band member died in the fire.


CLUB OWNER QUESTIONED


One of the club's owners has surrendered to police for questioning, GloboNews reported.


TV footage showed people sobbing outside the club before dawn, while shirtless firefighters used sledge hammers and axes to knock down an exterior wall to open up an exit.


Rescue officials moved the bodies to the local gym and separated them by gender. Male victims were easier to identify because most had identification on them, unlike the women, whose purses were left scattered in the devastated nightclub. Local authorities said 120 men and 113 women died in the fire.


Piles of shoes remained in the burnt out club, along with tufts of hair pulled out by people fleeing desperately. Firemen who removed bodies said victims' cell phones were still ringing.


The disaster recalls other incidents including a 2003 fire at a nightclub in West Warwick, Rhode Island, that killed 100 people [ID:nL1N0AW2NR], and a Buenos Aires nightclub blaze in 2004 that killed nearly 200. In both incidents, a band or members of the audience ignited fires that set the establishment ablaze.


The Rhode Island fire shocked local and federal officials because of the rarity of such incidents in the United States, where enforcement of safety codes is considered to be relatively strict. After the Buenos Aires blaze, Argentine officials closed many nightclubs and other venues and ultimately forced the city's mayor from office because of poor oversight of municipal codes.


The fire early on Sunday occurred in one of the wealthiest, most industrious and culturally distinct regions of Brazil. Santa Maria is about 186 miles west of Porto Alegre, the capital of a state settled by Germans and other immigrants from northern Europe.


Local clichés paint the region as stricter and more organized than the rest of Brazil, where most residents are a mix descended from native tribes, Portuguese colonists, African slaves, and later influxes of immigrants from southern Europe.


Rio Grande do Sul state's health secretary, Ciro Simoni, said emergency medical supplies from all over the state were being sent to the scene. States from all over Brazil offered support, and messages of sympathy poured in from foreign leaders.


(Additional reporting by Guillermo Parra-Bernal, Gustavo Bonato, Jeferson Ribeiro, Eduardo Simões, Brian Winter and Guido Nejamkis.; Writing by Paulo Prada and Anthony Boadle; Editing by Todd Benson, Kieran Murray and Christopher Wilson)



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