Friday, January 6, 2012

GOP candidates vie for voters' trust in fluid Iowa (AP)

DES MOINES, Iowa ? Republicans rendered the first verdict in the 2012 race for the White House on Tuesday in Iowa caucuses from Adel to Zearing, opening night for the campaign to pick a challenger to President Barack Obama in the fall.

Former Massachusetts Gov. Mitt Romney, Texas Rep. Ron Paul and former Pennsylvania Sen. Rick Santorum shared the straw poll ballot with House Speaker Newt Gingrich, Texas Gov. Rick Perry and Minnesota Rep. Michele Bachmann in a caucus race as jumbled as any in the 40 years since Iowa gained the presidential campaign lead-off position.

The winner was in line for bragging rights ? and perhaps much more ? as the Republican nominating campaign makes the turn to primaries in New Hampshire on Jan. 10, then South Carolina and Florida before the end of January. For some of the also-rans, history suggested the first event of the year might also be their last.

The Iowa caucuses' outsized importance was underscored by the estimated $13 million in television advertising by the candidates and so-called super PACs as well as thousands of campaign stops designed to sway 100,000 or so voters.

Ironically, the weak economy that has made Obama appear vulnerable nationally was muted as an issue here. Despite areas of economic distress, the farm economy is strong. Iowa's unemployment in November was 5.7 percent, sixth lowest in the country and well below the national reading of 8.6 percent.

Despite its importance as the lead-off state, Iowa has a decidedly uneven record when it comes to predicting national winners. It sent Obama on his way in 2008, but eventual Republican nominee John McCain finished a distant fourth here to former Arkansas Gov. Mike Huckabee.

Romney, who finished second in Iowa in 2008 despite a costly effort, initially campaigned cautiously this time around.

But he barnstormed extensively across the state in the race's final days in pursuit of a first-place finish, running as a conservative businessman with the skills to fix the economy and as the challenger with the best chance to defeat Obama.

Santorum, Gingrich, Perry and Bachmann argued that Romney wasn't nearly conservative enough on the economy and social issues such as abortion. They vied for months to emerge as the alternative to the former Massachusetts governor.

Paul's libertarian-leaning views set him apart, and he hoped that might be enough to claim victory in a six-way race where no one broke away from the pack.

Unlike in a primary, in which voting occurs over hours, the 809 Iowa caucuses were meetings in which Republicans gathered for an evening of politics. Each presidential candidate was entitled to have a supporter deliver a speech on his or her behalf before straw ballots were taken.

Under party rules, caucus results have no control over the allocation of Iowa's 25 delegates to the Republican National Convention. The Associated Press uses the caucus outcome to calculate the number each candidate would win if his support remained unchanged in the pre-convention months.

The race in Iowa came to be defined by its unpredictability as the months rolled by and nationally televised candidate debates piled up.

Bachmann gained early momentum on the strength of a victory in a summertime straw poll and a feisty debate performance.

But she quickly faltered when Perry joined the race and overshadowed her as the 10-year governor of Texas with deep-pocketed supporters and an unbroken record of electoral success at home.

Perry's rise lasted only as long as a couple of debates ? including one where he memorably was unable to recall the third of three federal agencies he wanted to abolish.

Next up was Herman Cain, a black former businessman who improbably shot to the top of the polls in a party that draws its support chiefly from white voters. He suspended his candidacy a few weeks later, after a woman said she and he had carried on a long-term extra-marital affair.

Gingrich rode the next surge in the polls, a remarkable comeback for a man whose campaign had imploded earlier in 2011 when most of his aides quit in frustration. But his rise lasted only until a super PAC that supports Romney began attacking him on television.

Enter Paul, and Santorum, both campaigning widely across the state and hoping to have the last say.

Democrats watched carefully in a state that has swung between the two parties in recent presidential elections.

Obama was unopposed for his party's nomination. Even so, his re-election campaign set up eight offices across Iowa, made hundreds of thousands of calls to voters and arranged a video conference with caucus night supporters.

It was Iowa that launched Obama on the way to the White House four years ago when he won a convincing victory in the caucuses.

The state's lead-off spot has been a fixture for decades. Democrats moved the caucuses up to early January in 1972, and Republicans followed suit four years later.

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/ap/20120103/ap_on_el_pr/us_gop_campaign

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Thursday, January 5, 2012

UPDATE 1-CVC bulks up debt arm with credit deal

Wed Jan 4, 2012 11:01am EST

* CVC Credit Partners will have $7.5 billion in assets

* Resource America will get 33 pct stake, receive $25 mln cash

* Private equity groups extending interest beyond buyouts

By Simon Meads

LONDON, Jan 4 (Reuters) - Private equity group CVC Capital Partners is expanding further into debt management in a deal with asset manager Resource America to create a new credit arm with assets of $7.5 billion.

CVC will combine its existing credit arm Cordatus Group with Resource America's Apidos Capital Management, the two parties said in a statement on Wednesday.

The new venture highlights how leading private equity groups are extending their activities beyond core buyouts as new deals become harder to find and competition more intense.

Rivals Blackstone and Carlyle have already built extensive credit arms to manage vehicles investing in corporate debt, such as leveraged loans and high-yield bonds.

And others have more recently entered the market, looking to bulk up with assets and find less volatile sources of fee income. Listed European private equity firm 3i Group bought the debt management business of Japanese bank Mizuho some 12 months ago.

"Both teams appreciate the significant benefits of being able to offer sponsors and companies access to a broader range of debt capital to support their businesses and initiatives," said Marc Boughton, managing partner of CVC Credit Partners.

Jonathan Cohen, CEO of Resource America, will be chairman of the new group.

Resource America will take a 33 percent interest in CVC Credit Partners and will receive $25 million in cash, under the terms of the deal.

The deal is expected to close before end-March, Resource America said.

Source: http://feeds.reuters.com/~r/reuters/mergersNews/~3/9KAKwtm8_m8/cvc-idUSL6E8C42QO20120104

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Sports figures choose teams in 2012 elections (AP)

WASHINGTON ? The New York Giants and New York Jets share an NFL stadium but their owners don't share political views. Woody Johnson of the Jets is a top fundraiser for GOP presidential candidate Mitt Romney, while Giants co-owner Jonathan Tisch is a generous backer of President Barack Obama.

They're among a host of owners, executives, athletes and coaches from across the sports world supporting candidates in the 2012 election cycle.

Even the NFL and Major League Baseball have political action committees that are funded by sports owners and executives. They've donated to congressional members and the parties' congressional fundraising arms, but haven't picked a presidential candidate ? at least not yet.

It's no secret why the sports industry is weighing in.

Immigration policy, intellectual property rights, Internet gambling, and performance-enhancing drugs are among the issues connected to sports that Washington lawmakers address. The industry lobbies on those matters and more.

Johnson said the skills needed in football and in Washington aren't that much different.

"To win on the football field you have to not only have the best players and best coaches, but you have to be organized very well," Johnson said. "You have to have a sense of overall goals, but also manage the minute-by-minute and hour-by-hour operational skill."

Sometimes, fierce rivalries on the field may not mean dramatic differences in politics.

The Dallas Cowboys and Washington Redskins, for example, are both backing the GOP team in the presidential election. Dallas owner Jerry Jones has donated to Texas Gov. Rick Perry and Romney, while Redskins owner Daniel Snyder has contributed to Romney.

The Redskins also have a family connection to politics, with general manager Bruce Allen donating to brother George Allen, a Republican Senate candidate in Virginia, who wrote a book called "What Washington Can Learn from the World of Sports." The Allens are sons of the late Redskins coach George Allen, who was friends with President Richard Nixon.

Obama has a close connection to the NFL, tapping Pittsburgh Steelers owner Dan Rooney in 2009 to become ambassador to Ireland. Rooney, a lifelong Republican, campaigned for Obama in the 2008 election.

Several NFL players have also contributed to political campaigns this election, including Indianapolis Colts quarterback Peyton Manning to a pair of GOP senators, Redskins quarterback John Beck to Romney, and Cleveland Browns offensive tackle Tony Pashos to Ron Paul's GOP presidential campaign.

Pashos, whose team bio says he would like to run for office someday, has "Paul for President" bumper stickers flanking the nameplate on his locker.

"I would never, ever give to any politician," Pashos told The Associated Press. "But with Dr. Paul, I don't think I'm giving to a politician. I think I'm giving to a man who is honest and can actually deliver change."

Beck, in contrast, said he isn't out-front in expressing his political views in the locker room, lest it disrupt team harmony.

"I'm not going around trying to force my belief on anybody else, just like they're not trying to force their belief on me," he said.

The NBA, which recently ended a potential season-killing lockout, is providing the biggest splash in politics ? but in Russia, not the U.S. The owner of the New Jersey Nets, Russian tycoon Mikhail Prokhorov, announced last month he will challenge Prime Minister Vladimir Putin in the March presidential election. If Prokhorov wins, he will join Milwaukee Bucks owner and U.S. Sen. Herb Kohl as owner-politicians, but for less than a year. Kohl, a Wisconsin Democrat, is not seeking re-election.

The end of the lockout will cost the Obama campaign some dough, at least for a few months. In December, more than two-dozen NBA players were to headline a fundraiser for the president, who is a huge basketball fan. But with players having to get ready for the season, which opened last month, the "Obama Classic" was postponed till this summer, during the offseason.

NBA players Vince Carter, Baron Davis and Chris Paul broke the news about the postponement in a recent letter to supporters who had purchased tickets for the event. Obama has already had fundraisers with NBA players, including one in October near Orlando, Fla., that featured Carter, Grant Hill and Boston Celtics coach Doc Rivers. Former basketball great Bill Russell has also headlined some Obama fundraisers.

Some NBA coaches are getting behind the president, including Mike D'Antoni of the New York Knicks, who has donated $5,000.

"I'm very political and I have strong views. Now, I'm also coach of everybody. I'm the New York Knicks coach so I've got to be careful with what it is," D'Antoni told the AP, but added that he wanted to be engaged. "I've got a kid that I don't want to leave more than $15 trillion in debt to."

Another Obama donor, Ted Leonsis, who owns the NBA's Washington Wizards and the NHL's Washington Capitals, has since criticized the president in a blog item called "Class Warfare_ Yuck!"

Leonsis, who donated $35,800 to the Obama Victory Fund in June, wrote in the blog item three months later that Obama was wrong to talk about "millionaires and billionaires" who need to pay more in taxes.

"I voted for our president," he wrote. "I have maxed out on personal donations to his re-election campaign. I forgot his campaign wants to raise $1 billion. THAT is a lot of money-money-money-money! Money still talks. It blows my mind when I am asked for money as a donation at the same time I am getting blasted as being a bad guy! Someone needs to talk our president down off of this rhetoric about good vs. evil; about two classes and math."

____

AP Basketball Writer Brian Mahoney in New York, and Sports Writers Tom Withers in Cleveland and Joseph White in Washington D.C., contributed to this story.

____

Follow Fred Frommer on Twitter: http://twitter.com/ffrommer

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//news.yahoo.com/s/ap/20120102/ap_on_sp_ot/us_sports_elections

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Wednesday, January 4, 2012

Which California Sears Stores Are Closing?

Question: Which California Sears and Kmart Store Locations Are Closing Down in 2012?

Which California Sears and Kmart store locations are closing down in 2012? Get a total number of Sears and Kmart stores in California, along with the cities where the Sears and Kmart closings will happen, and specific store locations and addresses here. Final going out of business sale information will also be posted here as it becomes available.

Answer: Out of the 100-120 Sears and Kmart store locations that will be closing down and going out of business, three of these Sears and Kmart closing stores are located in California cities. Get information about the specific California store closing locations here, along with city, address, and final going out of business sale information here.

California Sears and Kmart Stores Closing Down and Going Out of Business in 2012:

El Monte, California Store Closings

Sears Grand/Essentials
3610 Peck Rd.
El Monte, California 91732

San Diego, California Store Closings

Sears Grand/Essentials
7655 Clairemont Mesa Blvd.
San Diego, California 92111

Sears Grand/Essentials
12080 Carmel Mountain Rd.
San Diego, California 92128

No Kmart store closings have been announced for Kmart stores located in the state of California.

More information about California final going out of business sales at these California Kmart and Sears locations will be added as it becomes available.

More Sears, Kmart, and Store Closings Information:

Source: http://retailindustry.about.com/od/searsdepartmentstores/f/Which-California-Sears-And-Kmart-Store-Locations-Are-Closing-Down-In-2012.htm

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Tuesday, January 3, 2012

Apple Event New York - Business Insider

Apple is planning a press event in New York to be held later this month for a media-related announcement, according to a report from Kara Swisher at All Things D.

The event won't be a big announcement for the iPad 3, Apple TV, or other big gizmo, according to Swisher's sources. Instead, the event will focus on one of Apple's media properties.

Eddie Cue, Apple's boss for iTunes, the App Store, iBooks, etc. is reportedly involved with the event, so it may have something to do with one of those services.?It's worth noting that Apple does have an iAd office in NYC, which Cue is also in charge of.

Read more about the event on All Things D >

Source: http://www.businessinsider.com/apple-event-new-york-2012-1

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newstimeafrica: Newstime Africa: President Robert Gabriel Mugabe is losing his mind ? The world needs to? http://t.co/yYBg3c9N

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Monday, January 2, 2012

60beat GamePad brings console controls to iOS games (Digital Trends)

60beat GamePad

Apple?s iOS devices?the iPod touch, the iPhone, and iPad?might have carved out a major niche for themselves in the portable gaming world, but every console player knows there?s just no comparison between touchscreen and motion sensor controls and an honest-to-goodness console-style controller with joysticks, triggers, a D-Pad, and two-handed ergonomic goodness. To that end, 60beat has unveiled the 60beat GamePad, a console-style game controller for iOS devices like the iPhone and iPad, which can connect to any iOS device via its headphone jack?and works without batteries. The GamePad features two analog joysticks, ten action buttons, a classic D-Pad, and comes with an audio splitter so users can use the GamePad and their headphones simultaneously.

Of course, there?s a catch: since games have to be coded to specifically suport the GamePad, it suffers from a bit of a chicken-and-egg problem: right now only two iOS games work with the GamePad. 60beat claims as many as 60 games should work with the unit by February.

The GamePad works with the iPhone 4 and 4S, both the original iPad and the iPad 2, along with the fourth-generation iPod touch. Because the GamePad connects via the headphone jack rather than the dock connector, users can charge their iOS devices while playing.

The GamePad controller may not be the most portable thing in the world?it?s hard to see even the most serious gamer carting one of these along with their iPhone for a little entertainment on the train?but it may fill a niche for PC and console gamers who wish they could get a little more serious with their iOS gaming?so long as serious games eventually support the GamePad.

The 60beat GamePad is available now for $49.99.

This article was originally posted on Digital Trends

More from Digital Trends

Apple and Google plan to ignore ESRB rating system for mobile games

That was fast: Apple pulls first subscription-based iPad game

Best iPhone Games

Arcade on the go: iControlPad offers old-school controls with new-school tech

Source: http://us.rd.yahoo.com/dailynews/rss/applecomputer/*http%3A//news.yahoo.com/s/digitaltrends/20120102/tc_digitaltrends/60beatgamepadbringsconsolecontrolstoiosgames

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