Year of the Comets: 2 Dazzling Comets Heading Our Way






The year 2013 may someday be known as “the year of the comets.” If all goes well we may see two of the brightest comets in many years, and possibly one of the brightest in history.


However, astronomers are being very cautious in their predictions because of past disappointments. As comet specialist David Levy says, “Comets are like cats; they have tails, and they do precisely what they want.”






Once thought of as harbingers of doom, comets are now known to be normal members of our solar system. They are small bodies similar to asteroids. The majority spend most of their lives in the Oort Cloud, a mysterious region on the outer edge of the solar system. Now and then they venture close to the sun, and undergo a strange transformation.


The heat of the sun causes the comets’ ice, which is their main component, to vaporize. The solar wind streaming off the sun forces this vapor into a huge tail, which flows away from the sun. No matter what direction they are actually traveling, comets’ tails always point away from the sun.


There are always comets in the sky, but most are too far from the sun to develop large tails, and too far from Earth to be seen with the naked eye. [Photos of Comet ISON: A Potentially Great Comet]


Bright comets appear only every few years, so it is very rare for two comets to appear in a single year. 2013 looks to be one of those special years.


Comet C/2011 L4


Traditionally, comets have been named for their discoverer or discoverers. In recent years, astronomers have adopted a system of naming comets that includes the year of their discovery, in this case “2011,” followed by a letter and number indicating the point in the year in which they were discovered, in this case “L4.”


Many comets today are discovered by teams of observers, which has started a trend to name these discoveries for the project rather than the individual. This has two unfortunate results. It de-personalizes the discovery, and leads to a lot of comets sharing the same name. Peter Jedicke, past president of the Royal Astronomical Society of Canada, is urging astronomers to return to naming comets after people rather than acronyms.


Comet C/2011 L4 is a case in point. It was discovered by the Panoramic Survey Telescope and Rapid Response System, known by the acronym Pan-STARRS, and is one of three comets already discovered by this program. Jedicke would prefer that we call this Comet Wainscoat, after Richard Wainscoat, the member of the Pan-STARRS team who confirmed its existence.


This comet will become visible to the naked eye for observers in the Southern Hemisphere in early February in the morning sky. It will be at its brightest on March 10, when it will pass close to the sun and move into the evening sky, becoming visible to observers in the Northern Hemisphere. Look for it just above and to the left of the setting sun.


“Comet Wainscoat” will continue to be a bright object in the evening sky for the rest of March and the first two weeks in April.


Comet C/2012 S1


This comet was discovered on Sept. 21, 2012, through a telescope in Russia that is part of the International Scientific Optical Network, known as ISON. Its actual discoverers were two amateur astronomers, Vitali Nevski of Belarus and Artyom Novichonok of Russia. So Jedicke would prefer we call this Comet Nevski-Novichonok, because there are at least two comets named “ISON.”


This comet will make its first appearance to the naked eye of early risers in both hemispheres in the first week of November. It is what is known as a “sun grazer,” a comet that passes very close to the sun. Its appointment with the sun will be on Nov. 28, when it will pass within 680,000 miles (1.1 million kilometers) of the surface of the sun, much closer than Mercury.


If it survives this encounter, Comet C/2012 S1 should put on a spectacular show in the days immediately before and after that date. It is predicted to become brighter than the full moon, and to be visible in the daytime sky.


The comet should continue to be a bright object for all of December and into early January 2014.


But here we come back to David Levy’s comparison of comets and cats. No one knows for sure exactly what will happen in late November, but all the world’s astronomers will be watching the show, and hoping to see the brightest comet in decades.


Editor’s note: If you have an amazing of Comet ISON or any other night sky view that you’d like to share for a possible story or image gallery, send photos, comments and your name and location to managing editor Tariq Malik at [email protected]


This article was provided to SPACE.com by Starry Night Education, the leader in space science curriculum solutions. Follow Starry Night on Twitter @StarryNightEdu.


Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Can sanctions deter North Korea?


























Kim Jong Un and his military


Kim Jong Un and his military


Kim Jong Un and his military


Kim Jong Un and his military


Kim Jong Un and his military


Kim Jong Un and his military


Kim Jong Un and his military


Kim Jong Un and his military


Kim Jong Un and his military


Kim Jong Un and his military


Kim Jong Un and his military


Kim Jong Un and his military


Kim Jong Un and his military


Kim Jong Un and his military


Kim Jong Un and his military


Kim Jong Un and his military


Kim Jong Un and his military


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STORY HIGHLIGHTS


  • N. Korea said Thursday it plans to carry out new nuclear test and more long-range rocket launches

  • It said they are part of new phase of confrontation with United States

  • George A. Lopez says North Korea's aim is to be recognized as a 'new nuclear nation by fait accompli'

  • The Security Council sanctions aim to deteriorate and disrupt N. Korea's programs, says Lopez




Editor's note: George A. Lopez holds the Hesburgh Chair in Peace Studies at the Kroc Institute, University of Notre Dame. He is a former member, UN Panel of Experts on DPRK.


Indiana, U.S. (CNN) -- North Korea has responded to new Security Council sanctions condemning its December 12 rocket launch with a declaration that it plans a third nuclear test and more missile launches. Politically, it has made unambiguous that its "aim" is its enemy, the United States.


In this rapid reaction to U.N. sanctions, the young government of Kim Jong Un underscores what Security Council members have long known anticipated from the DPRK. Their end-game is to create a vibrant, integrated missile and nuclear weapons program that will result - as in the cases of Pakistan and India - in their being recognized as a new nuclear nation by fait accompli.


Read more: North Korea says new nuclear test will be part of fight against U.S.


In light of DPRK defiance - and a soon to occur nuclear test - the Security Council's first set of sanctions on North Korea since 2009 may seem absurd and irrelevant. These sanctions will certainly not prevent a new DPRK nuclear test. Rather, the new sanctions resolution mobilizes regional neighbors and global actors to enforce sanctions that can weaken future DPRK programs and actions.










Read more: U.N. Security Council slams North Korea, expands sanctions


The utility, if not the necessity, of these Security Council sanctions are to deteriorate and disrupt the networks that sustain North Korea's programs. Chances of this degradation of DPRK capabilities have increased as the new sanctions both embolden and empower the member states who regularly observe - but do nothing about - suspicious vessels in their adjacent waterways.


The resolution provides new guidance to states regarding ship interdiction, cargo inspections, and the seizure and disposal of prohibited materials. Regarding nuclear and missile development the sanctions expand the list of material banned for trade to DPRK, including high tech, dual-use goods which might aid missile industries.


Read more: South Korean officials: North Korean rocket could hit U.S. mainland


These new measures provide a better structure for more effective sanctions, by naming new entities, such as a bank and trading companies, as well as individuals involved in the illicit financing of prohibited materials, to the sanctions list. To the surprise of many in the diplomatic community - the Council authorizes states to expose and confiscate North Korea's rather mobile "bulk cash." Such currency stocks have been used in many regions to facilitate purchases of luxury goods and other banned items that sustain the DPRK elites.


Finally, the Security Council frees the Sanctions Committee to act more independently and in a timely manner to add entities to the list of sanctioned actors when evidence shows them to be sanctions violators. This is an extensive hunting license for states in the region that can multiply the costs of sanctions to the DPRK over time.


Read more: North Korea's rocket launches cost $1.3 billion


Whatever their initial limitations, the new round of U.N. sanctions serve as a springboard to more robust measures by various regional and global powers which may lead back to serious negotiations with DPRK.


Despite its bluster and short-term action plan, Pyongyang recognizes that the wide space of operation for its policies it assumed it had a week ago, is now closed considerably. To get this kind of slap-down via this Security Council resolution - when the launch was a month ago - predicts that any nuke test or missile launch from Pyongyang will bring a new round of stronger and more targeted sanctions.


Read more: North Korea silences doubters, raises fears with rocket launch


Although dangerous - a new game is on regarding DPRK. Tougher U.N. measures imposed on the North generated a predictable response and likely new, prohibited action. While DPRK may be enraged, these sanctions have the P5 nations, most notably China, newly engaged. A forthcoming test or launch will no doubt increase tensions on both sides.


But this may be precisely the shock needed to restart the Six Party Talks. Without this institutional framework there is little chance of influencing DPRK actions. And in the meantime, the chances of greater degrading of DPRK capabilities via sanctions, are a sensible next best action.


Read more: Huge crowds gather in North Korean capital to celebrate rocket launch


The opinions expressed in this commentary are solely those of George A. Lopez.






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At least 11 die in Egyptian clashes over death sentences


PORT SAID/CAIRO (Reuters) - At least 11 people were killed in Port Said on Saturday in a rampage by protesters angry that a court had sentenced 21 people to death over a soccer stadium disaster that killed 74 last year.


Armored vehicles and military police were deployed on the streets of the Mediterranean city. The state news agency quoted a general as saying the military was sent to "establish calm and stability in Port Said and to protect public institutions".


Security sources said the latest deaths brought to 20 the number killed in three days of violence, and hundreds have been injured.


The unrest began with rallies to mark the second anniversary of the overthrow of autocrat Hosni Mubarak in a revolution which the protesters accuse current President Mohamed Mursi and his Islamist allies of betraying.


The schism is hindering efforts by Mursi, elected in June, to revive an economy in crisis and reverse a plunge in Egypt's currency by enticing back investors and tourists.


Nine people were killed in Friday's violence, most in the port city of Suez, where the army has also been deployed.


Saturday's violence in Port Said erupted when a court sentenced 21 men, most of them from the city, to death for involvement in the disaster in the city's soccer stadium on February 1, 2012.


Many spectators were crushed and witnesses saw some thrown off balconies after the match between Cairo's Al Ahly and local team al-Masri. Many of those killed were from the visiting team's supporters.


Families of victims in court cheered and wept for joy when Judge Sobhy Abdel Maguid read a list of 21 names "referred to the Mufti", a phrase used to denote execution, as all death sentences must be reviewed by Egypt's top religious authority.


A total of 73 people have been standing trial. Other rulings will be issued on March 9, the judge said.


One relative of a victim in the court shouted: "God is greatest." Outside Al Ahly club in Cairo, supporters also cheered. Fans had threatened fresh violence unless the death penalty was meted out.


GUNSHOTS NEAR PRISON


But in Port Said residents rampaged through the streets in anger that people from their city had been blamed. Gunshots were reported near the prison where most of the convicted men are being held.


One security source reported 11 killed in the violence, while two other sources put Saturday's toll at 12. At least two of the dead were policemen.


A witness said some men stormed a police station.


Thousands took to the streets of Cairo, Alexandria and other cities on Friday to protest against what they call the authoritarianism of Mursi's rule.


"We want to change the president and the government. We are tired of this regime. Nothing has changed," said Mahmoud Suleiman, 22, in Cairo's Tahrir Square, the cauldron of the 2011 revolt. Nearby, youths hurled stones at police early on Saturday.


"The protests will continue until we realize all the demands of the revolution - bread, freedom and social justice," said Ahmed Salama, 28, a protester camped out with dozens of others in Tahrir.


Mursi's supporters say their critics are ignoring democratic principles, after elections swept the Islamists to office.


In a statement in response to Friday's violence, Mursi said the state would not hesitate in "pursuing the criminals and delivering them to justice". He urged Egyptians to respect the principles of the revolution by expressing views peacefully.


The president was due to meet later on Saturday with the National Defence Council, which includes senior ministers and security officials, to discuss the violence.


Unrest has been stoked by Mursi's decision to fast-track an Islamist-tinged constitution rejected by his opponents.


Inspired by the popular uprising in Tunisia, Egypt's revolution spurred further revolts across the Arab world. But the sense of common purpose that united Egyptians two years ago has given way to internal strife that triggered bloody street battles last month.


(Writing by Edmund Blair; Editing by Andrew Roche)



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Stock index futures signal mixed Wall Street open

LONDON (Reuters) - Stock futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 rising 0.2 percent, the Dow Jones futures down 0.2 percent and the Nasdaq 100 futures up 0.3 percent.


Apple stepped up audits of working conditions at major suppliers last year, discovering multiple cases of underage workers, discrimination and wage problems.


Samsung Electronics turned cautious on spending for the first time since the global financial crisis, keeping its annual investment plan unchanged at 2012 levels, as demand for computer chips wanes and the smartphone market slows.


Procter & Gamble , the world's top household products maker, and smaller rival Kimberly-Clark will kick off the earnings season for U.S. household products makers. Halliburton , the world's second-largest oilfield services company, is also due to report results.


Honeywell , the diversified U.S. manufacturer, will be in focus as it reports earnings, with modest growth in demand for systems used to manage large buildings expected to be offset by declining sales to the military.


The Commerce Department releases new home sales data for December at 1500 GMT. Economists forecast a total of 385,000 annualized units, compared with 377,000 in November.


Economic Cycle Research Institute releases its weekly index of economic activity for January 18 at 1530 GMT. In the prior week the index read 130.


European shares <.fteu3> rose 0.1 percent after a survey showed German business morale improved for a third consecutive month in January.


The smallest of gains gave the Standard & Poor's 500 its seventh straight winning day on Thursday, but the index failed to hold above the 1,500 line, restrained by Apple's worst day in more than four years.


The Dow Jones industrial average <.dji> rose 0.33 percent at the close, the S&P 500 <.spx> ended flat and the Nasdaq Composite <.ixic> dropped 0.74 percent. Most of the Nasdaq's loss was due to Apple's slide of more than 12 percent after disappointing earnings.


(Reporting by Atul Prakash; Editing by Susan Fenton)



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APNewsBreak: Danica says she's dating Stenhouse


DAYTONA BEACH, Fla. (AP) — Danica Patrick's personal life is no longer a secret — she's dating a fellow driver.


Patrick revealed to The Associated Press she and Ricky Stenhouse Jr. are a couple, ending widespread speculation about the nature of their relationship.


"I have a boyfriend, his name is Richard," she said during an exclusive telephone interview with AP.


"I think I am just finally excited to tell someone about this," Patrick laughed, sounding almost giddy as she said the two-time Nationwide champion's middle name is Lynn and he prefers she use his first name.


The couple waited until the end of Charlotte Motor Speedway's weeklong annual media tour to go public with their relationship, which started as a friendship as they raced each other the last two seasons in the Nationwide Series. Stenhouse became a mentor of sorts to the 30-year-old Patrick, who left IndyCar after the 2011 season to make the full-time switch to NASCAR.


"We are dating, and I know there's been a bit of a runaround this week at the media days and poor Ricky got grilled (with questions)," she said. "It was out of respect to NASCAR, to all the manufacturers, the new cars, the teams, the sponsors, just to allow the news of the day to be about racing and not let anything interfere with that. So, it's Friday now, so that's why we waited until the end of the week to be up front about each other."


Stenhouse confirmed the relationship.


"Yes we are dating," he said. "I don't normally say too much about my private life, always been focused on the track. I didn't want to confirm at media day so that we could keep the focus on the season, the Gen-6 (car), my sponsors and team. That's what it's all about for me."


Patrick remains one of the most recognizable drivers in auto racing, even if wins have been hard to come by. There was speculation that her appeal with advertisers had waned, but sponsor Go Daddy said Patrick will again appear in the website domain provider's commercials during the Super Bowl next month.


Patrick announced in November she and husband Paul Hospenthal were divorcing after seven years, and said in the Jan. 3 filing that her marriage to the 47-year-old Hospenthal was "irretrievably broken."


Speculation immediately shifted toward her relationship with the 25-year-old Stenhouse, who has never been married. While her policy has always been not to talk about her personal life, Patrick said she made an exception this time to end the gossip and so the two could be open about their relationship.


"I think that moving forward into the year, it's a matter of do you say anything at all, or do you just carry on?" she said. "As opposed to speculation and people making up their own stories or talking amongst themselves or us feeling uncomfortable walking into each other's (motorhomes) moving forward, or around our teams or anything, it's just easier to be up front and get it out of the way then to have any kind of awkward speculation."


Stenhouse was asked during the media tour's stop at Roush Fenway Racing if he was dating Patrick. He dodged the question, saying "we've got a great relationship" and then turned attention back to racing.


The subject will be hard for the two to avoid as they compete against each other this season for rookie of the year honors in NASCAR's top Sprint Cup Series. Both are moving up from the second-tier Nationwide Series at the same time.


Patrick said she won't race Stenhouse any differently.


"Obviously, we've been racing together for a couple years now, him and I have always gotten along, we've always had a lot of respect for each other on the track, there's never been an issue out there," she said. "I always say I'll race people how they race me until they do something to make me change my mind. I don't anticipate that changing at all, or us having any issues on the track."


Stenhouse echoed that attitude.


"It won't affect how I race on the track. I want to go out and win, I race everyone hard," he said.


Patrick rocketed to worldwide prominence when she challenged for the Indy 500 win as a rookie, becoming the first woman to lead laps while finishing fourth in 2005. She finished a career-best third in 2009. She began dabbling in NASCAR in 2010 in the Nationwide Series, and moved full-time last year leaving IndyCar and the 500 behind.


Patrick has struggled in stock cars, notching just seven top-10s in 58 Nationwide races since 2010. Still, she was voted by fans the series' most popular driver last year.


In the Sprint Cup Series, where she'll drive this season for Stewart-Haas Racing, team co-owner Tony Stewart handpicked 10 of the hardest tracks for Patrick last season to force her to learn on the fly in preparation for this year. Her average finish in the 10 races was 28th and her best finish was 17th in her season finale at Phoenix.


Stenhouse has won eight races over the last two seasons to become the first driver since Martin Truex Jr. in 2004-05 to win consecutive Nationwide titles. He was promoted this year by Roush Fenway to the Cup Series to replace 2003 NASCAR champion Matt Kenseth.


Read More..

The Singularity: Should We Worry?






Science fiction authors and futurists have long speculated about the Singularity: a coming technological event that transforms humanity in ways people can’t even begin to understand.


The term “singularity” has been applied to many different types of developments, from accelerated technological progress to an event that suddenly disrupts the course of human history. But the most common idea of “The Singularity” may be the advent of smarter-than-human AI: machines or robots that learn, reason and grow on their own.






Scary visions of the Terminator or Cylons may spring to mind. But is the Singularity really something to worry about? Is it something that will happen in the foreseeable future? Will the rise of artificial intelligence happen at all?


Luke Muehlhauser and his organization, the Singularity Institute in Berkeley, Calif., offer some possible answers.


“We’re designing machines that are more and more intelligent at doing very specific things. As this progresses, machines will be more intelligent than humans at a greater number of things,” Muehlhauser, the institute’s executive director, told TechNewsDaily. “So at some point, it looks like we’ll have machines that are smarter than humans in roughly all domains of activity.”


[What Is the Future of Computers?]


Muehlhauser doesn’t think that point is very far off. He predicts the Singularity will happen sometime between 10 and 140 years from today, with a likely date of 2060. But, Muehlhauser adds, “Humans are really bad at predicting AI, which is why we have very broad confidence intervals and we have to be very honest about our uncertainty.”


Other scientists are skeptical. Mary Cummings, who studies the intersection of humans and automation as an associate professor at the Massachusetts Institute of Technology, wonders how machines could become more capable than humans given how little people know about their own brains, from memory and intuition to logic and learning. Without understanding the model, how can scientists replicate it?


“I’m a big fan of the mutually supportive look at humans and technology, but this is a huge leap,” Cummings said. “We can manipulate basic electrical impulses, but for the scientific community to say we can completely replicate cognition, that to me is where the Singularity starts to fall apart.”


Muelhauser argues that that a total understanding of the human brain is not necessary to replicate the functionality of humans in machines. Just as a video game system can be emulated using totally new hardware, so can the brain. According to Muelhauser, there’s no need to know how the video game worked, just what it did.


While experts disagree on whether and when the Singularity will occur,


the event by definition will have serious implications on all facets of life. There are an endless number of possible outcomes of the Singularity, and most have to do with what AI optimizes  –  that is, what it considers its most important goals. Since AI’s needs will be different from humans’, it is likely to  have goals that are at odds with our own, Muehlhauser said.


But there are lines of reasoning that suggest the Singularity could produce artificial intelligence that is friendly and useful to humans. A higher intelligence might have higher moral standards, for example. “The Singularity could enable enormous benefits if it goes well. Really powerful AIs could be like a thousand Einsteins working to cure cancer,” said Muehlhueser.


AI could help humanity avoid other significant dangers, Muelhueser continued, such as nuclear warfare, malicious nanotechnology or even an asteroid hitting the Earth.


Even skeptics such as Cummings don’t completely rule out the idea of the Singularity occurring. “Is the Singularity a possibility? Sure,” she said, “because everything’s a possibility and all research is worth doing. These are great ideas and people should be encouraged to keep thinking down these lines.”


This story was provided by TechNewsDaily, a sister site to LiveScience. Follow TechNewsDaily on Twitter @TechNewsDaily. We’re also on Facebook & Google+.


Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Science News Headlines – Yahoo! News





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Cantor CEO: 'Off the fiscal cliff we go'






Part of complete coverage on















By Ramy Inocencio, for CNN


January 25, 2013 -- Updated 1120 GMT (1920 HKT)









STORY HIGHLIGHTS


  • 'U.S. fiscal cliff still coming' in form of failure to raise debt ceiling, Cantor Fitzgerald CEO

  • More than 25% of CEOs feel world economy will get worse in 2013, says PwC survey

  • U.S. House of Representatives passed short-term debt ceiling increase Jan. 23

  • Lutnick: 'Dumb lending' caused 2008 credit crisis




Hong Kong (CNN) -- The world thought the U.S. fiscal cliff deadline was December 31, but "the fiscal cliff is (still) coming", says Richard Lutnick, CEO of global financial services firm Cantor Fitzgerald.


"You're going to watch the U.S. do crazy, crazy things this year," said Lutnick to CNN's Richard Quest at the World Economic Forum in Davos, Switzerland. "The Republican Party that was elected to control Congress... (is) going to cross their arms and they are not going to raise the debt ceiling ultimately unless they get severe spending cuts, and the Obama administration is not going to give it to them."


If Congress fails to act, the U.S. and the world economy will have a "dreadful" 2013, Lutnick said.


Following this week's PricewaterhouseCoopers survey of global CEO confidence, Lutnick appears to be one of the more than 25% who think the world economy is more likely to deteriorate in 2013.








Despite Lutnick's concerns, on January 23 the Republican-controlled House of Representatives did pass a bill that would allow the U.S. Treasury to borrow new money through mid-May. President Barack Obama has said he would not oppose the proposal if it reaches his desk, although he prefers a long-term debt ceiling increase.


Lutnick adds that to avoid a repeat of the 2008 financial crisis, regulators need to actually address issues that caused it.


"What caused the credit crisis was just dumb lending. When you lend money to people who can't pay you back, you go broke."


Looking ahead to 2013, Lutnick says the biggest risk to global growth is the U.S. hitting the debt ceiling -- whether in the short- or long-term.


"Off the fiscal cliff we go. We (the U.S.) are irrational and we are silly... we are dopey."












Part of complete coverage on


World Economic Forum 2013






January 23, 2013 -- Updated 1308 GMT (2108 HKT)



Global policymakers, leading thinkers and key entrepreneurs are gathering in Davos. CNN brings you the latest news, views and musings live.







January 23, 2013 -- Updated 1342 GMT (2142 HKT)



Economic empowerment offers a win-win scenario for Saudi Arabia and its women, Mounira Jamjoon writes.







January 23, 2013 -- Updated 1154 GMT (1954 HKT)



The recession in Europe is entering its fifth year and unemployment doesn't look like it will be returning to normal levels anytime soon.







January 22, 2013 -- Updated 1324 GMT (2124 HKT)



What has been made clear by current events and financial upheavals since 2008 is that the global economy has become truly that -- global.








The globe's greatest economic minds meet in Davos next week. With financial crises in the U.S. and Europe, CNN asks: What is your economic mood?








Many eurozone countries face dropping employment even as basic costs rise. But not everyone is suffering. Explore our interactive for more.







January 23, 2013 -- Updated 0551 GMT (1351 HKT)



In 2013, the greatest risk of conflict lies in the geopolitical struggle between Japan and China, according to Ian Bremmer of Eurasia Group.







January 21, 2013 -- Updated 1502 GMT (2302 HKT)



CNN's Richard Quest explores the topic that will be on every delegate's lips at the World Economic Forum in Davos this year.







January 21, 2013 -- Updated 1500 GMT (2300 HKT)



It was January 25, 2011, when the brisk winds of change from Tahrir Square swept through the Swiss Alpine village of Davos.







January 21, 2013 -- Updated 1357 GMT (2157 HKT)



The world's political and business elite will converge on Europe's highest-altitude town for the annual talk-shop that is the World Economic Forum.







January 21, 2013 -- Updated 1458 GMT (2258 HKT)



On July 1, 2013 the 27-nation European Union will become 28. But is the Adriatic country ready to join Europe's elite club?







January 22, 2013 -- Updated 1133 GMT (1933 HKT)



The great Davos talking shop is now up and running, with delegates of all levels of importance, shapes and nationalities putting the world to rights.







January 21, 2013 -- Updated 1404 GMT (2204 HKT)



After five years in crisis the eurozone's new leader has emerged. With influence reaching from the Arctic Circle to the Mediterranean Sea.
















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Snow expected to fall through morning rush hour









Snow started falling about 4:45 a.m. near O'Hare International Airport, jeopardizing a 335-day streak of calendar days without snow, according to the National Weather Service.


Falling snow had failed to reach the ground overnight, blocked by a shield of dry air that ensures the flakes evaporate before hitting the ground.


“It’s been snowing very hard above the ground all night and there’s been really dry air so it evaporates before it hits the ground,” National Weather Service Meteorologist Gino Izzi said.





About a half hour into the storm, Illinois State Police in Chicago reported "slick conditions" and had already responded to six fender benders.


The snow should fall through the morning rush hour, though not much more than an inch – if that – is expected.


“We’re not looking for much to accumulate – up to an inch at worst, with high (temperatures) in the mid to upper 20s,” Izzi said. “Something like this wouldn’t be newsworthy if it wasn’t for the fact it hasn’t snowed all year.”


The Chicago Department of Streets and Sanitation deployed almost 200 of its 284 plow trucks to clear streets of snow and apply salt to the roads.


"We’re going to be monitoring the weather but at this point we’re looking at snow fall at least through the rush hour," said Anne Sheahan, spokeswoman for the Chicago Department of Streets and Sanitation.


An inch of snow today would end the 335-day streak but failing that, it would likely extend into next week, Izzi said.


"We don’t have much of a chance of snow for the next five or six days," Izzi said. "If we miss today – today’s our one shot until we get to the middle or end of next week."


Check back for more information.


pnickeas@tribune.com
Twitter: @peternickeas





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North Korea threatens war with South over U.N. sanctions


SEOUL (Reuters) - North Korea threatened to attack rival South Korea if Seoul joined a new round of tightened U.N. sanctions, as Washington unveiled more of its own economic restrictions following Pyongyang's rocket launch last month.


In a third straight day of fiery rhetoric, the North directed its verbal onslaught at its neighbor on Friday, saying: "'Sanctions' mean a war and a declaration of war against us."


The reclusive North has this week declared a boycott of all dialogue aimed at ending its nuclear program and vowed to conduct more rocket and nuclear tests after the U.N. Security Council censured it for a December long-range missile launch.


"If the puppet group of traitors takes a direct part in the U.N. 'sanctions,' the DPRK will take strong physical counter-measures against it," the North's Committee for the Peaceful Reunification of Korea said, referring to the South.


The committee is the North's front for dealings with the South. DPRK is short for the North's official name, the Democratic People's Republic of Korea.


The U.N. Security Council unanimously condemned North Korea's December rocket launch on Tuesday and expanded existing U.N. sanctions.


On Thursday, the United States slapped economic sanctions on two North Korean bank officials and a Hong Kong trading company that it accused of supporting Pyongyang's proliferation of weapons of mass destruction.


The company, Leader (Hong Kong) International Trading Ltd, was separately blacklisted by the United Nations on Wednesday.


Seoul has said it will look at whether there are any further sanctions that it can implement alongside the United States, but said the focus for now is to follow Security Council resolutions.


The resolution said the council "deplores the violations" by North Korea of its previous resolutions, which banned Pyongyang from conducting further ballistic missile and nuclear tests and from importing materials and technology for those programs. It does not impose new sanctions on Pyongyang.


The United States had wanted to punish North Korea for the rocket launch with a Security Council resolution that imposed entirely new sanctions against Pyongyang, but Beijing rejected that option. China agreed to U.N. sanctions against Pyongyang after North Korea's 2006 and 2009 nuclear tests.


NUCLEAR TEST WORRY


North Korea's rhetoric this week amounted to some of the angriest outbursts against the outside world coming under the leadership of Kim Jong-un, who took over after the death of his father Kim Jong-il in late 2011.


On Thursday, the North said it would carry out further rocket launches and a nuclear test, directing its ire at the United States, a country it called its "sworn enemy".


U.S. Defense Secretary Leon Panetta said the comments were worrying.


"We are very concerned with North Korea's continuing provocative behavior," he said at a Pentagon news conference.


"We are fully prepared ... to deal with any kind of provocation from the North Koreans. But I hope in the end that they determine that it is better to make a choice to become part of the international family."


North Korea is not believed to have the technology to deliver a nuclear warhead capable of hitting the continental United States, although its December launch showed it had the capacity to deliver a rocket that could travel 10,000 km (6,200 miles), potentially putting San Francisco in range, according to an intelligence assessment by South Korea.


South Korea and others who have been closely observing activities at the North's known nuclear test grounds believe Pyongyang is technically ready to go ahead with its third atomic test and awaiting the political decision of its leader.


The North's committee also declared on Friday that a landmark agreement it signed with the South in 1992 on eliminating nuclear weapons from the Korean peninsula was invalid, repeating its long-standing accusation that Seoul was colluding with Washington.


The foreign ministry of China, the North's sole remaining major diplomatic and economic benefactor, repeated its call for calm on the Korean peninsula at its daily briefing on Friday.


"The current situation on the Korea peninsula is complicated and sensitive," spokesman Hong Lei said.


"We hope all relevant parties can see the big picture, maintain calm and restraint, further maintain contact and dialogue, and improve relations, while not taking actions to further complicate and escalate the situation," Hong said.


But unusually prickly comments in Chinese state media on Friday hinted at Beijing's exasperation.


"It seems that North Korea does not appreciate China's efforts," said the Global Times in an editorial, a sister publication of the official People's Daily.


"Just let North Korea be 'angry' ... China hopes for a stable peninsula, but it's not the end of the world if there's trouble there. This should be the baseline of China's position."


(Additional reporting by Michael Martina in Beijing; editing by Jeremy Laurence and Raju Gopalakrishnan)



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Stock futures signal losses; all eyes on Apple

PARIS (Reuters) - Stock index futures pointed to a lower open on Wall Street on Thursday, with futures for the S&P 500 down 0.22 percent, Dow Jones futures up 0.02 percent and Nasdaq 100 futures down 1.3 percent at 1014 GMT.


Shares of Apple Inc will be in the spotlight after the world's biggest tech company missed Wall Street's revenue forecast for the third straight quarter after iPhone sales came in below expectations, fanning fears that its dominance of consumer electronics is slipping.


Shares of the company traded in Frankfurt were down 8 percent early. They sank 10 percent to $463 in after-hours trade on Wall Street on Wednesday night, wiping out some $50 billion of its market value - nearly equivalent to that of Hewlett-Packard and Dell combined.


A U.S. trade panel that specializes in patent disputes will review a potentially key decision in the patent fight between Samsung Electronics and Apple Inc over smartphones and tablets.


European shares were mostly flat in morning trade, as bullish economic data out of China offset Apple's weaker-than-expected figures which fanned earnings worries in the technology sector. <.eu/>


Noble Corp , owner of the world's third-largest offshore drilling fleet, reported on Wednesday a lower-than-expected quarterly profit as it struggled with maintenance for five high-end rigs, even as demand for its most capable units increased.


Raymond James Financial Inc said quarterly profit rose 27.6 percent, boosted by strong performance from its brokerage and capital markets divisions.


Investors in U.S.-based mutual funds pumped $9.32 billion into stock funds in the week ended January 16, the second consecutive week of inflows for such funds, data from the Investment Company Institute showed on Wednesday.


Hard disk drive maker Western Digital Corp's second-quarter results beat analysts' expectations, helped by growth in its enterprise segment. Shipment in the enterprise segment rose about 10 percent from first-quarter levels to 6.63 million units, analyst Nehal Chokshi of Technology Insights Research told Reuters.


Japanese regulators have joined their U.S. counterparts in all but ruling out overcharged batteries as the cause of recent fires on the Boeing Co 787 Dreamliner, which has been grounded for a week with no end in sight.


Amgen Inc on Wednesday projected revenue for 2013 that exceeds Wall Street estimates and said it was on track to deliver on its 2015 forecasts well ahead of schedule.


Pamplona Capital Management, holder of 9.3 percent of Nabors Industries Ltd , has become "increasingly concerned" about the underperformance of the drilling rig contractor's shares, according to a regulatory filing on Wednesday.


Symantec Corp plans to slash its management ranks and reorganize into 10 business areas, but has decided not to sell off major assets after a strategic review by its new early this month.


SanDisk Corp's modest revenue outlook disappointed investors looking for a rebound in memory chips widely used in smartphones and tablets, sending its shares lower.


Netflix Inc surprised Wall Street on Wednesday with a quarterly profit after the video subscription service added nearly 4 million customers in the United States and abroad, sending its shares 35 percent higher in after-hours trading.


Among the companies set to report results on Thursday feature Bristol-Myers Squibb , Lockheed Martin , 3M Company , Microsoft , Raytheon , Starbucks , AT&T Inc. , and Xerox Corp. .


On the macro front, investors awaited weekly jobless claims, at 1330 GMT, Markit Manufacturing PMI for January, due at 1358 GMT, and December leading economic indicators, due at 1500 GMT.


The S&P 500 rose for a sixth day on Wednesday after stronger-than-expected profits from IBM and Google but the rally could be halted as Apple's after-hours miss sent its shares lower.


The Dow Jones industrial average <.dji> rose 67.12 points or 0.49 percent, to 13,779.33, the S&P 500 <.spx> gained 2.25 points or 0.15 percent, to 1,494.81, and the Nasdaq Composite <.ixic> added 10.49 points or 0.33 percent, to 3,153.67.


(Reporting by Blaise Robinson)



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