Thursday, 27 February 2014

Top Indian businessman surrenders in fraud case


A top Indian businessman has surrendered to police after failing to show up in court on charges that his company failed to return billions of dollars to investors.


The Indian Supreme Court issued an arrest warrant for Sahara India chief Subrata Roy after he was a no-show in court Tuesday.


Sahara is well-known throughout India because it sponsors the Indian cricket team.


Roy turned himself in on Friday in Lucknow and said he missed the court date because his mother was ill, according to his son and a company director.


The Indian securities regulator has accused Roy's group of raising nearly 200 billion rupees ($3.2 billion) through bonds that were later found to be illegal.


Sahara India says it already has paid many investors directly.



Winter-weary Americans plead: Get me out of here


Shannon Frauenholtz has had it with winter. Barely able to stomach the television news with its images of snowbound cars, she heads to the tanning salon, closes her eyes and imagines she's back in Mexico, where she's already vacationed once this winter.


She's toyed with the idea of joining her mother in Hawaii or just driving to an indoor water park, figuring that while the palm trees might be plastic and the "beach" smells of chlorine, at least it's warm.


"I don't need a vacation. I don't need the relaxation," she said. "I just need the heat."


All over the Midwest and the East Coast, travel agents are being inundated with a simple request: Get me out of here. And travelers fortunate enough to have escaped are begging hotels to let them stay a little longer.


Because they know how miserable people are, warm-weather destinations in California, Arizona and Florida have stepped up their enticements. Trains and billboards in Chicago have been plastered with ads showing beaches and pool scenes. In Philadelphia, one promoter put fiberglass mannequins dressed in flip flops, tank tops and shorts atop taxis with their arms outstretched — a whimsical inducement to "fly" south.


Reminding Americans that there are places where nose hairs don't freeze is an annual tradition. But those in the business of luring visitors to warmer climates say it's rarely been easier than this season, when "polar vortex" has entered the everyday vocabulary and "Chi-beria" has become popular enough to emblazon on T-shirts.


"This year we wanted to have a little more fun with it," said Susannah Costello, of Visit Florida, the state's official marketing organization, which came up with the mannequin idea.


The ads showing children and bikini-clad women making snow angels in warm beach sand are more plentiful than in years past, acknowledged Erin Duggan, of Visit Sarasota County.


"We did that because we knew winter was shaping up to be brutal," she said.


Not that people needed much reminding of the harsh conditions.


"The winter is so bad, there is a certain amount of desperation," said Alex Kutin, an Indianapolis travel agent. "They come and say, 'I've got to get somewhere warm. Where do you recommend?'"


Kevin Tuttle, of Verona, Wis., was so intent on finding warmth that he decided against Florida out of fear that the polar vortex might reach down and find them there. Instead, he and his wife will take their 4-year-old son and 5-year-old daughter to Manzanillo, Mexico, a resort on the Pacific ocean.


"That's near the equator, right? It's got to be pretty warm," Tuttle said, adding that "a lot of sand castles are in my future."


Just how many more people are trying to get out of the ice box is unclear. Airlines do not release any route-specific data. And although the government tracks some of it, figures will not be released for six months.


But other travel statistics suggest there has been a jump, including figures from Visit Florida that show hotel bookings in Florida rose 3 percent in the four weeks ending Feb. 15 compared with the same period last year.


The jetsetter.com travel site found that the number of hotel bookings in warm-weather spots made by customers from Illinois, New York, Massachusetts and the Washington, D.C., area rose 7 percent in January compared with last year.


Travelers are also staying longer once they arrive.


Micah Hilgendorf said the thought of heading back to ice-covered Chicago, where he owns a couple of bars, prompted him to tack on three days in Florida before and after a cruise out of Miami. He also flew to Palm Springs, Calif., for four days.


"All of that is last-minute because of the weather," Hilgendorf said.


Dave Knieriemen, a retired engineer from Fremont, Ohio, is doing the same thing.


"We've reserved a room for another night in case our flight gets canceled because of the weather," he said this week from Arizona as he watched the Cleveland Indians play a spring training game. "And it's so horrible (in Ohio) we might stay a bit longer, anyway."


Travel agents say the numbers of travelers would be even higher if all those who wanted to get away could find a seat on jets that are already full.


"It's far easier to find people a resort to stay in or a cruise ship than to find them a flight," said Gail Weinholzer, of AAA in Minnesota.


The inability to find a flight, afford a trip or get time off from work has sent a surge of customers to businesses closer to home that can offer even a short escape from the cold, such as tanning salons.


"We're getting a lot of people coming in here to warm up," said Kirstin Leffew, the manager of Bronze Bay Tanning in Pendleton, Ind. "They want the beds that have been used the most, the ones that are nice and hot."


Indoor water parks say they are busier than usual, too. Joe Eck, general manager of the Wilderness Resort in the Wisconsin Dells, said business is up 10 to 15 percent because of the bitter cold.


Among those who decided to go to the Wilderness — which has real palm trees, the resort will remind you — were Jennifer Drost and her family.


"Our kids are young enough where they still enjoy playing outside, but they haven't been able to because it was so darn cold," said Drost, who lives with her husband and three children in Fond du Lac, Wis. "All of us were getting on each other's nerves, (and) we just needed to get out of the house."



Associated Press writer Michelle Johnson in Milwaukee contributed to this report.


Asian markets down on Japan data, Ukraine worries


Asian stock markets were lower Friday, shrugging off Wall Street's record high and focusing instead on Japanese economic numbers indicating further stimulus might be needed and the turmoil in Ukraine.


Japan's Nikkei 225, the regional heavyweight, dropped 1.1 percent to 14,769.25 and Hong Kong's Hang Seng edged down 0.1 percent at 22,803.22. China's Shanghai Composite Index fell by 1 percent to 2,123.01 and Australia's S&P/ASX shed 0.1 percent to 5,403.90.


The lackluster trading came after S&P 500 reached an all-time high Thursday, powered by strong earnings from a number of U.S. companies. The index rose 9.13 points, or 0.5 percent, to 1,854.29. Its previous record high close was 1,848.38, set on Jan. 15.


The enthusiasm did not, however, carry over into Asia on Friday.


"Asia has been fairly subdued today, despite the warm lead from Wall Street, and while a number of traders are starting to look more closely at the ever-changing dynamic in the Ukraine, Japan has been the central focus for macro traders today," IG chief strategist Chris Weston said in a market commentary.


A raft of Japanese data released Friday suggested the economy needs still more help in weathering a 3 percent sales tax increase in April as many economists forecast a contraction will follow as consumers and businesses adjust to higher costs.


South Korea's Kospi was down 0.2 percent at 1,974.36. India's Sensex added 0.3 percent to 21,059.02.


In Europe, jitters over the Ukraine crisis saw Germany's DAX closing down 0.8 percent at 9,588.33 on Thursday while the CAC-40 in France ended flat at 4,396.39. Britain's FTSE 100 managed to eke out a gain, closing 0.2 percent higher at 6,810.27.


Investors are concerned that the crisis in Ukraine was taking a more dangerous turn following reports Thursday that pro-Russia gunmen seized control of local government buildings in Crimea. Russia, meanwhile, scrambled fighter jets to patrol its border and reportedly gave shelter to Ukraine's fugitive president.


Over the past couple of weeks, investors had monitored developments in Ukraine with a degree of nonchalance. Now they are worrying that Russia may be drawn in. Geopolitical concerns tend to prompt investors to search out the sanctuary of safe haven assets such as gold and the dollar in place of stocks.


The price of crude oil dropped, with benchmark U.S. crude for April delivery down 43 cents to $101.97 in electronic trading on the New York Mercantile Exchange.


In currency dealings, the euro fell to $1.3697 from $1.3707 on Thursday. The dollar fell to 101.61 from 102.05 yen.



Coal crunch gives impetus to India's solar switch


For six years in a row, India's monopoly coal producer has missed its production targets, leading to chronic electricity shortages and sending power producers scrambling for pricier imports. But what looks like a looming crisis could turn out to be an almost accidental energy overhaul.


Like many developing nations, India has relied for decades on cheap coal to provide electricity for burgeoning industry and fast-expanding cities, putting aside worries about pollution and global warming.


But from three years ago when solar capacity was almost zero, the country has added 2.2 gigawatts of solar to its electricity grid, enough to power 20 million Indian homes. It plans another 2 GW this year, toward a total 15 GW addition by 2017. Individual states plan even more. India has also added about 26 GW in coal-fired capacity since 2011, but already plants are sitting idle for lack of cheap supply.


"I've stopped developing coal plants," said Ratul Puri, chairman of Hindustan Power Projects Ltd. "There's not enough coal, and I'm not going to rely on imported coal. It's too risky."


After building two coal-fired plants due to start generating this year, Hindustan Power plans to invest nearly $3 billion to expand its 350 megawatts of solar generation to 1 GW by 2017.


Decisions like Hindustan Power's are more pragmatism than idealism as the coal industry trips up on its own dysfunction. Coal India, the monopoly producer, is too large and unwieldy to do any better. Much of the country's easy-to-access surface coal has been extracted, with the remaining reserves harder to reach: underground, beneath cities or within national parks and tiger reserves.


New projects can take almost a decade to get going thanks to village protests, bureaucratic entanglements and trouble securing fuel. Meanwhile, more than 300 million people still have no electricity, while hundreds of millions more are lucky to have a few hours a day.


Coal-fired thermal power remains the bulwark of India's energy supply, accounting for 59 percent of the nation's 234 GW generation capacity. India still has ambitions for another 70 GW in coal capacity by 2017 if it can find the investors.


But there's an additional crucial factor that is making solar a viable alternative: For the first time, solar electricity prices have fallen to near parity with India's coal-generated power prices. Subsidies at about a third of cost put solar prices at about 7 rupees (11 U.S. cents) per kilowatt/hour, versus coal's 5-6 rupees per kilowatt/hour.


Solar projects also need fewer clearances and take just six to 12 months to develop, versus about eight years for a coal plant.


Analysts say India is set to surpass its target of having 15 percent of its energy produced by the sun and other minimally polluting sources by 2022.


"Today's coal availability is inadequate. And investors are worried. In India, if there are coal shortages, there will be power shortages, and industrial growth will be inhibited," said Vivek Pandit, senior director at the Federation of Indian Chambers of Commerce and Industry.


India's coal bind is in part a product of its bounty. Declaring the world's fifth-largest coal reserves, India invested heavily in coal-fired power as a low-cost way of boosting energy production.


For a while, the formula worked. Energy capacity doubled over the past 10 years, while economic growth averaged above eight percent during that time. The coal-power recipe also helped to jump start economic development in China, Indonesia and other developing countries. But it has come with a heavy toll.


India is suffering from water shortages and toxic runoff from a host of polluting industries, including coal. Emissions of sulfur dioxide, which leads to acid rain and lung ailments, increased more than 60 percent in India between 2005 and 2012, surpassing the United States to become the world's second highest SO2 emitter after China, according to a study by the Argonne National Laboratory analyzing NASA satellite data.


The Reserve Bank of India has rung economic alarm bells. It warned in a 2013 report that power cuts and coal shortages were "a major constraining factor for industrial growth." India's current account deficit hit a record $88 billion last year, made worse by a trade bill bloated by $18 billion in coal imports.


"If India stays the course it'll be a disaster," said Tim Buckley, an analyst at the Sydney-based Arkx Investment Management which runs a green energy fund. "It's so ugly at the moment. But it's always darkest before the dawn."


China and the U.S., the world's No. 1 and 2 carbon polluters, are already winding down coal dependency.


The U.S. closed 138 coal plants in 2011-13 and plans to retire another 150 soon, according to the Union of Concerned Scientists.


In China, where investment in solar infrastructure has helped bring down prices, coal consumption had its lowest growth in 50 years last year at 2.6 percent, according to the China Energy Agency.


For India, "if we constantly focus on wind and solar, our country will be energy sufficient in the coming future," said Tarun Kapoor, a senior official in the Renewable Energy Ministry.


Despite that enthusiasm, analysts say it would take several decades for India to replace its thermal power base.


The International Energy Agency estimates India will need to at least triple its total power capacity before 2050, adding between 600 GW and 1200 GW.


But coal may be a diminishing part of that.


Coal India, responsible for about 80 percent of India's supply, last year produced 452.2 million tonnes, falling short of its 464.1 million-tonne target, while importing another 152 million tonnes to meet demand.


This year is just as uncertain. In February, 28 percent of the country's coal plants had fuel stocks to last less than a week, according to the Central Electric Authority.


"Solar is the way to go," said Puri, the Hindustan Power chairman. "Eventually the policy makers always wake up."



West Wing Week 02/28/14 or "I Am My Brother's Keeper"

This week, the President announced two new manufacturing hubs, and his "My Brother's Keeper" initiative, toured a new light rail system in St. Paul, Minnesota, and spoke on the importance of supporting American infrastructure jobs. The First Lady celebrated the fourth anniversary of her "Let's Move" Initiative with both Will Ferrell and Amy Poehler, while the Vice President kicked off the inaugural episode of Late Night with Seth Meyers.


read more


Mylan 4Q profit jumps 11 pct, tops expectations


Shares of Mylan Inc. jumped in premarket trading Thursday as the generic drugmaker reported an 11 percent increase in its fourth-quarter earnings, topping expectations despite a rise in expenses.


The Canonsburg, Pa., company said double-digit revenue growth from its specialty segment helped counter revenue hits from foreign exchange rates and a smaller gain from new product launches in the quarter that ended Dec. 31.


Mylan said that delays in several key product approvals will add to the opportunities it has in 2014. The company also said it expects to execute another "substantial transaction" this year, but it did not offer details.


Mylan earned $180.2 million, or 45 cents per share, in the three months ended Dec. 31, up from $162 million, or 39 cents per share, a year ago. Adjusted results totaled 78 cents per share.


That topped analyst expectations for 75 cents per share, according to FactSet.


Total revenue rose 5 percent to $1.81 billion, while analysts forecast $1.79 billion.


The drugmaker's operating expenses rose 9 percent to $522.7 million.


It forecast earnings of $3.25 to $3.60 per share. Analysts expect $3.39 per share.


Company shares were up more than 3 percent, or $1.58, to $53 in premarket trading an hour and a half before the markets open.



Cox trimming 246 La. call center jobs


Cox Communications is centralizing its call center operations, a move that will eliminate 246 jobs in New Orleans, Baton Rouge and Lafayette but lead to 150 new positions at its Baton Rouge operations.


The net loss to Cox's operations in the state is 96 jobs.


The Advocate reports (http://bit.ly/Mxw8Il ) the company is setting up seven "Centers of Excellence" nationwide that will focus on matters such as account services, sales and technical support. Baton Rouge will be a center of excellence in technical support. Some other cities with the centers are Las Vegas, Phoenix, Oklahoma City and Hampton Roads, Va.


Sharon Bethea, a spokeswoman for Cox, says the switch to centralized operations is aimed at making them operate more effectively, achieving standardization and improving responsiveness.



1st Mass. slots parlor license to be awarded


A majority of the five-member state gambling commission is leaning toward awarding the state's only slots parlor to the Plainridge harness racetrack in Plainville.


Commissioners Gayle Cameron, Enrique Zuniga and Bruce Stebbins said in individual statements delivered on Thursday that they slightly favored Plainville, which would be operated by Penn National Gaming, over a proposal by Cordish Cos. to build a slots parlor in Leominster.


Commission chairman Stephen Crosby and Commissioner James McHugh said they were leaning toward Leominster.


A final vote is not anticipated before Friday.


All five commissioners said the third applicant for the slots parlor, Raynham Park, fell short in its proposal.


Members who backed Plainville cited among other factors the importance of preserving harness racing.


Crosby and McHugh cited the potential for economic growth in the Leominster proposal.



NJ utility raising bills for power restoration


New Jersey's second-largest utility company has been given tentative permission to raise customers' bills to pay the costs it incurred to restore power after Superstorm Sandy and three other major storms in 2011 and 2012.


Under the deal announced Wednesday and reported by The Star-Ledger of Newark (http://bit.ly/N6CzTs), Jersey Central Power & Light would be able to raise an additional $736 million.


When it initially filed with the Board of Public Utilities last year, the company said rates would need to go up 4.5 percent, or about $53 per year per customer.


The utilities board has not given final approval to the plan.



Utility lets customers compare usage to neighbors


Public Service of New Hampshire is looking at whether a little peer pressure can prod people to reduce their electricity use.


Starting this month, the state's largest electric utility will send 25,000 letters to residential customers with special reports about their most recent power usage. About half will see comparisons to their own usage from the previous month, while the others will see their usage compared to their neighbors.


The comparisons won't be between individual homes, but rather will be based on aggregated data about area residents, company spokesman Michael Skelton told The Telegraph (http://bit.ly/1epaGAw ).


He said the idea is based on an approach known informally as "nudging" — or getting people to change their behavior by giving them more information.


"That's part of what we want to measure and experiment (with) — letting customers know how nearby homes are doing. It may get them interested: 'What do they have that I don't have?' 'What practices are they doing that I'm not?'" Skelton said.


A 2009 study by the National Bureau of Economic Research found that people in California and Washington state cut electricity or natural gas use by 1 to 2 percent when shown that other homes nearby were more efficient.


The Home Energy Report program also will give customers access to an interactive Web portal where they can review efficiency tips, do an automated 30-second home energy audit and develop a savings plan. Some customers also will be eligible to earn rewards, such as gift cards, based on energy savings they achieve.



Grain higher, cattle and pork higher


Grain futures were higher Thursday in early trading on the Chicago Board of Trade.


Wheat for March delivery was unchanged at 6.00 a bushel; March corn was 1.50 cents higher at 4.56 a bushel; March oats were unchanged at 5.0675 a bushel; while March soybeans was 18.75 cents higher at 14.26 a bushel.


Beef and pork was higher on the Chicago Mercantile Exchange.


April live cattle was 1.03 cent higher at $1.4555 a pound; March feeder cattle was .50 cents higher at 1.7250 a pound; April lean hogs gained 2.23 cent to $1.0325 a pound.



Are the Protests in Istanbul Not Sexy Enough to Cover?


I was walking down Torun Sokak, or Grandson Street, in Istanbul, Turkey three days ago feeling satisfied. I had just bought a pair of loafers made from Turkish rugs. Less than three miles away, a protest was raging. Thousands of young Turks crowded the streets waving flags with vicious slogans, throwing stones, lighting fires and demanding the removal of their Prime Minister.


Their protest, very real, is relegated to CNN’s cutting room floor, though, because Turkish protests just ain’t sexy. To be certain, all the elements are there. They started so totally Occupy Wall Street, with angry 99 percenters camping out in a square in challenge of a planned shopping mall, but quickly turned into a denunciation of Recep Tayyip Erdogan.


He's been Turkey’s Prime Minister since 2003 and has enjoyed considerable support, but in 2013 his power began to unravel. It reached a low point when he brutally cracked down on the occupiers killing 11 and jailing 5,000. The protests grew as Erdogan’s brutality transitioned into massive corruption charges.


Just yesterday an audio recording was released where he appears to be telling his son the proper way to launder money. He claimed that the tape was doctored by his main political rival, an Islamic cleric named Fethullah Gulen who lives, inexplicably, in Saylorsburg, Pennsylvania. The military is getting antsy and talk of coup floats in the air as thousands of protestors get sprayed by water cannons and doused in tear gas.


The story lines! The intrigue! It should be front page news!


Turkey is much more important to the world's economy and safety than, say, Ukraine or Venezuela. It is a G-20 economy and a candidate to receive full membership into the European Union. It is also the Islamic world’s most stable and productive country. If it fell into complete chaos, the ripples would extend well beyond the region. They might even extend to your 401k.


But nobody cares. Maybe it is because the world has “Arab Spring” fatigue. Turks aren’t Arabs but the country is predominantly Muslim and there are mosques, like, everywhere. Maybe the protestors haven’t put together the right kits. How good did the Ukrainian Molotov tossers look? Hello, Mad Max! Maybe Erdogan is too civilized and not expelling press and diplomats as Venezuelan President Nicolas Maduro just did. Maybe the name “Turkey” is hard to take seriously. Or maybe, like Kate Moss at 13, Turkey’s protests have not blossomed into a beautiful swan yet, replete with tire fires and snipers. If they do I am going back. Istanbul might have to die for Turkish Delight.



Applications for US jobless benefits rise to 348K

The Associated Press



The number of people applying for U.S. unemployment benefits rose 14,000 last week to a seasonally adjusted 348,000, though the broader trend in applications remained stable.


But the four-week average was unchanged at 338,250, the Labor Department said Thursday. Applications are a rough proxy for layoffs. The average is not far above pre-recession levels, a sign companies are laying off few workers.


Economists said that winter storms two weeks ago may have caused some people to delay submitting their applications until this week, temporarily boosting the figures.


"Other evidence continues to point clearly to reasonably robust labor demand so we very much doubt the underlying trend in claims is picking up," Ian Shepherdson, chief economist at Pantheon Macroeconomics, said in a note to clients.


Applications have been mostly steady in recent weeks, even though hiring faltered in January and February. That suggests employers may be reluctant to add many jobs, but they aren't worried enough about future growth to step up layoffs.


Nearly 3.5 million people received unemployment aid in the week ending Feb. 8, the latest data available. That's about 25,000 fewer than the previous week.


Harsh winter weather has chilled hiring in recent months. Employers added just 113,000 jobs in January. That followed a gain of only 75,000 in December. Those figures are about half the monthly pace of the past two years.


On the positive side, the unemployment rate fell in January to a five-year low of 6.6 percent from 6.7 percent, as more of those out of work found jobs. And hiring rose in manufacturing and construction, two higher-paying industries that are key drivers of growth.


Still, the bitterly cold weather has contributed to a run of disappointing economic data since the start of the year. Sales of existing homes plummeted in January to the slowest pace in 18 months, held back by the weather, higher interest rates and rising home prices.


Builders broke ground on 16 percent fewer homes in January compared with December, the Commerce Department said this week. That was the second straight decline. Developers also requested fewer permits in January for the third straight month, a sign homebuilding will remain lackluster in the near future.


And Americans cut back on their spending in retail stores and restaurants in January, the second straight drop.


With consumers cautious and the housing recovery slowing, economists have scaled back their forecasts for the January-March quarter. Most now expect growth in the first three months of the year to be 2 percent at an annual rate or below, down from forecasts of about 2.5 percent at the beginning of the year. Most expect growth to then pick up and reach nearly 3 percent for the full year, up from under 2 percent in 2013.



Airline perks that offer the luxury of privacy


Airlines are once again upping the ante in their international first-class service. But this time, it has little to do with fancy meals or comfy chairs. The carriers are focused on letting wealthy fliers pass through airports without having to mingle with the masses.


Among the recent additions:


— American Airlines now offers its top customers and anyone flying international first class a private check-in area at its terminals in Chicago, Los Angeles, Miami and New York. Travelers exit through hidden doors leading to the front of security lines.


— United Airlines has a similar setup in Chicago and Newark, N.J.


— Delta Air Lines will drive its top passengers who have a tight connection in Atlanta, Los Angeles, New York or Minneapolis from one plane to another in a Porsche. They never have to enter the terminal.


— United does the same in Mercedes-Benz GL-Class vehicles at Chicago, Houston and Newark.


— Emirates Airline has separate floors in its Dubai A380 concourse for premium passengers and coach fliers. The two groups board jets through separate gates, never interacting.


— London's Heathrow Airport has opened private suites, originally designed for the royal family, to passengers flying business or first class, for an extra $2,500. Fliers using them receive their own immigration and security screening.


— Lufthansa offers first-class passengers a separate terminal in Frankfurt. There's a restaurant, cigar lounge and dedicated immigration officers. When it's time to board, passengers are driven across the tarmac to their plane in a Mercedes-Benz S-Class or Porsche Cayenne.



Scott Mayerowitz can be reached at http://bit.ly/OGqbLc .


Sleiman holds talks with Iranian official


BEIRUT: President Michel Sleiman held talks Thursday in Baabda Palace with an Iranian delegation chaired by the head of the Iranian parliament's Foreign Policy and National Security Committee, Alaeddine Broujerdi.


The gathering addressed the regional situation as well as bilateral ties between the two countries.


The Iranian delegation arrived in Beirut following a trip to Damascus.


Media reports said that the Iranian official’s visit would focus on addressing means to confront terrorism in Lebanon.



HRC to pay compensation for last year’s attacks, clashes


BEIRUT: The Higher Relief Committee announced Thursday that it would distribute financial compensation to those who suffered property damage as a result of some of last year’s attacks and clashes.


The HRC announced that those affected by the May 26 Shiyyah rocket attack could collect their checks from the Energy Ministry in Beirut on March 1 between 9 a.m. and 3 p.m. After 3 p.m. victims of the November 19 double suicide bombings targeting the Iranian embassy in Bir Hasan could pick up their checks.


The HRC also said compensations were ready for those affected by the Sep. 28 clashes in the eastern city of Baalbek that killed four people, and from the explosion of two small roadside bombs on July 7 near an Army checkpoint near Hermel, which wounded four.


Those affected by the clashes in Baalbek can collect their checks from the Baalbek Municipality on March 3 between 9 a.m. and 3 p.m., the HCR announced, while those affected by the Hermel explosion can collect theirs on the same date and from the same location after 3 p.m.



Mortgage company moving headquarters to Charlotte


A mortgage company says it will set up its headquarters in Charlotte and will hire about 125 employees.


The Charlotte Observer reported (http://bit.ly/1mIKFln) that Irongate Home Finance said Wednesday it expects to hire hundreds of people over the next five years.


The Charlotte Chamber of Commerce said the company expects to hire up to 100 people a year through 2019.


Positions will include mortgage loan officers, processors, quality assurance analysts, compliance officers and support staff.


The company is expected to begin operations in April.



Drug firms to argue against $1.2B Ark. judgment


Lawyers for Johnson & Johnson are to argue before the Arkansas Supreme Court that a $1.2 billion judgment over its marketing of the antipsychotics drug Risperdal should be overturned.


The high court is to hear oral arguments Thursday over a verdict in a Pulaski County lawsuit that found that the company and its subsidiary, Janssen Pharmaceuticals Inc., downplayed and hid risks associated with taking Risperdal.


A judge fined the companies $5,000 for each of 240,000 prescriptions for Risperdal the state Medicaid program paid for over a 3 1/2 -year span.


The companies argue that the judgment violated their First Amendment right to free speech. Attorney General Dustin McDaniel's office responded that the argument has no merit.


Johnson & Johnson separately agreed to a $2.2 billion federal settlement on similar claims.



EU antitrust concerns on Telefonica's German buy


The European Union's antitrust authority has formally outlined concerns that Telefonica's proposed 8.55 billion-euro ($11.7 billion) purchase of German mobile operator E-Plus may violate competition rules.


EU Commission spokesman Antoine Colombani said Thursday a confidential letter detailing the competition concerns has been sent to the companies involved.


He says the so-called statement of objections will allow Telefonica to outline how it expects to address the concerns.


The Commission, which acts as the 28-nation bloc's antitrust authority, will decide by mid-May whether to allow the takeover bid.


Telefonica agreed to purchase the German E-Plus business from Dutch telecommunications company Royal KPN NV in August, after winning the support of KPN's biggest shareholder, Mexican billionaire Carlos Slim.


Telefonica plans to merge E-Plus with its own German arm.



Subaru moving on with Lafayette factory plans


Subaru is moving ahead with its plans for spending more than $400 million to expand and upgrade its Lafayette factory while significantly scaling back the expectations for new jobs.


The company is asking Lafayette officials for a 10-year property tax abatement that includes $353 million in manufacturing equipment and $68 million in real estate improvements.


The Journal & Courier reports (http://on.jconline.com/1knhzTu ) Subaru is projecting it will add 50 full-time jobs. That's down from the 900 new jobs expected when Subaru announced the project last year.


The scale-back follows Toyota's decision in November to stop building cars at the Lafayette plant. Subaru officials said they didn't expect layoffs from among the factory's 3,600 workers.


Subaru plans to start building the Impreza small car at the factory in 2016.



Cool Planet breaks ground for La. plant


Cool Planet Energy Systems will begin construction soon on its alternative fuel production facility at the Port of Alexandria.


The Town Talk reports (http://townta.lk/1ezvUXW ) company officials and Gov. Bobby Jindal were in town Wednesday for a ground-breaking ceremony for the plant — Cool Planet's first commercial production facility.


Cool Planet's technology converts biomass such as wood products into high-octane gasoline and an agricultural-enhancement product known as biochar.


The Alexandria plant is one of three Cool Planet has committed to building in Louisiana. The second will be located in Natchitoches. The location of the third has not been determined.



Major expansion of Portland cargo facility planned


State officials have announced plans to double the size of Portland's shipping container terminal and link it directly with a rail line to help it compete with other major East Coast ports.


Officials say the expanded International Marine Terminal would significantly lower costs for commercial customers, make shipping faster and more efficient, and attract new cargo business to Maine.


The cost of the expansion has not been disclosed but the state plans to put the project out for bids in June.


The expansion involves taking several acres of privately-owned land by eminent domain because of a dispute over its value.


John Henshaw, executive director of the Maine Port Authority, tells the Portland Press Herald (http://bit.ly/1bO9wPL ) the project represents the first time in 50 years the port can fully realize its potential.



Hundreds protest AUB tuition hike


BEIRUT: Hundreds of students at the American University of Beirut turned out Thursday to protest a planned tuition hike scheduled to take effect next year.


"Over the years, the university has been increasing the tuition with no evidence of why they need it,” said Youssef Samdakil, a third-year mechanical engineering student and one of the protest organizers.


Joelle Gemayel, a second-year engineering student who participated in the protest, said he was “proud” of the students’ actions, but added that the protest could have been organized better.


“I wish it was done more efficiently," he said.


The administration released a statement several days in advance of the protests.


“AUB, like all private universities that do not possess huge endowments, must rely on student tuition to ensure [the following:] Continuity of operations; a viable pool of financial aid; and the retention of talented faculty and staff in the unpredictable climate of Lebanon that exists today,” the statement said. “Tuition increases for next year have not yet been determined by the administration, which remains open to further discussion with AUB students."



Lebanon Army detains another terror suspect


BEIRUT: Another man has been detained as part of the Lebanese Army's ongoing operation against suspected terrorists, a security source told The Daily Star Thursday.


The source said Omar Homsi, a Syrian, was taken into custody Wednesday morning outside the General Security headquarters in Beirut.


Hosmi had just finished renewing his family residence permit when an Army Intelligence patrol detained him outside General Security, added the source.


Homsi was reportedly detained for belonging to an armed terrorist group.


More to follow ...



Jay Leno Can't Stay Out of Your TV for Long


The Arsenio Hall Show has been given a second season pick-up by CBS Television Distribution.


Former late night host Jay Leno stopped by Hall's show on Wednesday (February 26) to announce the good news.




Leno's appearance on The Arsenio Hall Show marks a first for the entertainer since he departed The Tonight Show on February 7.


"Actually, on the second season, I'm gonna be hosting - they didn't tell you that part," Leno joked.


The Arsenio Hall Show first debuted on CBS on September 9 and has since averaged 6.7 million viewers weekly.


"Since 9/9/13, I've been waking up without an alarm clock," Hall shared after hearing of the renewal.


"Producing and hosting my late-night talk show brings me great joy. I'm back where I belong! Thanks to my partners at CBS Television Distribution and Tribune."


Via Digital Spy



Wells Fargo cutting about 80 Des Moines-area jobs


About 80 Des Moines-area workers will lose jobs as part of Wells Fargo's latest round of layoffs.


The Des Moines Register says (http://dmreg.co/OFTugU ) Wells Fargo announced Wednesday that it's laying off 700 employees nationwide.


Wells Mortgage spokeswoman Angela Kaipust says a drop in mortgage originations is causing the layoffs.


The bank is the largest employer in the Des Moines area, with more than 13,000 employees.



Lower freight rates weigh on Moller-Maersk's Q4


Danish shipping and oil group A.P. Moller-Maersk says fourth-quarter profits fell 7.5 percent because of a fall in oil production and lower freight rates.


The Copenhagen-based group said Thursday its fourth-quarter net profit dropped to 5.1 billion kroner ($936 million) from 5.5 billion kroner a year earlier. And revenue for the three-month period fell by nearly 6 percent to 65.7 billion kroner.


Even so, CEO Nils S. Andersen said he was "pleased" with the results and noted that Maersk Line lifted profits "despite challenging shipping markets."


The group expects profits this year to be "significantly above" 2013 as a result of the sale of a majority stake in a Danish retail group.


It also raised its dividend to 1,400 kronor per share from 1,200 kronor last year.



How to Actually Get People to Respond to Your Emails


Let's put aside the times when you're gunning for the last word. We've been there. But those are the exceptions to the rules of communicating. Because in most cases, the most fundamental goal is to get a response.


And yet it seems many of us forget that there is a way to craft a message that will engender a response much more naturally. With email, the main consideration (though oft-ignored one) is the recipient's time. In his recent post about email etiquette, developer Mattan Griffel nails these down early. He offers the following advice first: keep it short; structure your paragraphs so the most important information is highlighted; state a reasonable request right at the top.


But maybe the most interesting — and possibly most important — line comes as his last piece of advice, the part he writes "sounds harsh": "Show me why I should take the time to help you." He explains, in part:



The best way to figure that out is to see whether you’ve done something awesome in the past, something that indicates that you’ll be doing awesome things in the future.



So, two considerations for all our sake: The value of the present, and the potential of the future. Like the rest of life.



Sears 4Q loss narrows as it lowers expenses


Sears Holdings Corp.'s fourth-quarter loss narrowed as the operator of Sears and Kmart stores lowered expenses and reduced inventory.


The retailer said Thursday that it lost $358 million, or $3.37 per share, for the period ended Feb. 1. That compares with a loss of $489 million, or $4.61 per share, a year ago.


Total costs and expenses fell to $10.73 billion from $12.88 billion.


Revenue for the Hoffman Estates, Ill. company dropped 14 percent to $10.59 billion from $12.26 billion. The performance was hurt in part by one less week in the latest quarter.


Sales at stores opened at least a year declined 6.4 percent. At Sears stores, the figure fell 7.8 percent. It dropped 5.1 percent at Kmart locations.



Spain revises Q4 growth downward to 0.2 percent


Spain's National Statistics Institute says the economy grew a smaller-than-expected 0.2 percent in the fourth quarter of 2013 compared with the previous three-month period.


The figure released Thursday revised earlier predictions by the institute and the Bank of Spain that estimated the economy had grown by 0.3 percent for the October-December period.


The institute confirmed that economic activity shrank 1.2 percent for the whole of 2013.


Spain, which has a 26 percent unemployment rate, emerged from recession in the third quarter of last year after nine quarters of economic decline.


The government maintains the country is on the mend thanks to its reforms and sacrifices endured by Spaniards since the economic crisis was triggered by the collapse of the key real estate sector in 2008.



Financial group warns on Scottish independence


British financial group Standard Life said Thursday it is drawing contingency plans to move some of its operations out of Scotland in the event it votes for independence — a decision certain to stoke debate about the fate of business after the Sept. 18 ballot.


The vote has raised a number of issues for companies, including what sort of currency would be used.


Britain's leadership has warned Scotland that if it votes to leave the U.K. later this year, then the new country walks away from the pound. Treasury chief George Osborne delivered the hard-line position during a speech in Edinburgh this month, gambling on the idea that the majority of Scots will dismiss the romantic appeal of independence and focus on more tangible economic issues.


Being part of a pound union had been the centerpiece of the Scottish National Party's strategy to guarantee a secure, stable transition. They've dismissed Osborne's remarks as political maneuvering, dubbing it the "Sermon on the Pound."


Standard Life is one of Scotland's biggest employers with 5,000 people and has been based there for 189 years. Though the firm is maintaining a strict policy of neutrality on the vote, it said it has a responsibility to its customers to take action to protect their interests.


The company says it has started work to establish additional registered companies to operate outside Scotland, "into which we could transfer parts of our operations if it was necessary to do so."


The "yes" campaign for independence quickly issued a statement supporting Standard Life's wish to see agreements on currency, regulation and taxation.


"The only threat to that comes from the refusal of the No campaign and the UK Government to get involved in sensible discussions," Yes Scotland said in a statement.



Notre Dame, Purdue, IU involved in manufacturing


Notre Dame, Purdue and Indiana University have been selected as research partners for two institutes that will seek to improve advanced manufacturing and help create jobs.


The institute in Chicago will concentrate on high-tech digital manufacturing and design, while the one in Canton, Mich., near Detroit, will specialize in light metal manufacturing. Each was awarded $70 million from the Department of Defense.


Notre Dame has been selected as a research partner in both, while Purdue and IU were selected as partners in digital manufacturing.


The digital manufacturing program will apply advanced technologies to reduce the time and cost of manufacturing. The light metal manufacturing program will seek to make materials that are lighter and more affordable and competitive.



FBI's Abscam Videos Are As Unbelievable As 'American Hustle'



Audio for this story from Morning Edition will be available at approximately 9:00 a.m. ET.





The Oscar contender is loosely based on the Abscam sting, which nailed a senator and six House members on corruption charges. The FBI videotaped some Hollywood-worthy scenes.



Future bloc reiterates policy statement conditions


BEIRUT: The Future bloc reiterated Thursday its insistence that the policy statement be based on the Baabda Declaration and align with the priorities laid out by the National Charter unveiled by the Maronite Church earlier this month.


The bloc also condemned the Israeli attack on a Hezbollah target near the Lebanese-Syrian border earlier this week, calling for “clear information about the nature and place of the attack.”


“The bloc stresses the importance of the new government succeeding in creating a ministerial statement based on consensual points, mainly the Baabba Declaration... and the Bkirki Charter,” said the bloc in a statement issued following their weekly meeting.


“The government should also confirm its adherence to the disassociation policy and to preserving the country’s independence and the sovereignty of the state over all Lebanese territories as well as its rights to confront attacks and violations from the Israeli enemy or any other party.”


The Baabda Declaration affirms Lebanon’s neutrality toward regional conflicts, especially the war in Syria. The Bkirki Charter, unveiled by the Maronite Church earlier this month, calls for holding the presidential elections on time and urges political rivals to place national interests above personal ones.


A ministerial committee working on drafting the new government’s policy statement is set to resume meeting Friday as differences over the issue persist between the country’s political rivals.


The bloc also condemned late Monday’s Israeli airstrike that hit a Hezbollah target on the Syrian-Lebanese border.


“The bloc denounced such blatant aerial attack in the eastern border area of Lebanon and it urges the Lebanese Army and security agencies to offer clear information about the nature and place of the attack so that the Lebanese state can take the required stances and measures against this attack,” the bloc said.


Hezbollah confirmed that Israeli warplanes bombarded a Hezbollah area on the Lebanese-Syrian border near the Janta region and vowed to respond to the attack “in the right time and place.”


The Future also denounced a suicide attack over the weekend at a checkpoint in Hermel, northeast Lebanon, and reiterated the need for Hezbollah to withdraw from the war in Syria.


“The bloc emphasizes once again that confronting the wave of terrorism affecting Lebanese citizens needs a national plan based on the withdrawal of Hezbollah from Syria... as well as full [state] control of the Lebanese border and closing illegitimate border crossings,” Future said.


The Hermel bombing, claimed by the Al-Qaeda-linked Nusra Front in Lebanon, killed Army officer Elias Khoury, soldier Hamzeh Faitruny and Mohammad Ayyoub, a civilian, and wounded 17 others.



Lebanon Army shoots attacker after grenade assault


BEIRUT: The Lebanese Army shot and wounded an unidentified assailant on a motorcycle after a military base in the northern city of Tripoli was attacked.


A military statement released Thursday said no soldiers were wounded in the Wednesday night attack on a Lebanese Army post in the Tripoli neighborhood of Ghorabaa.


The Army said soldiers opened fire on two attackers, wounding one while the other managed to flee.


The wounded man was taken to hospital for treatment, the statement added. It gave no other details.



Derbas preparing comprehensive refugee plan


BEIRUT: Social Affairs Minister Rashid Derbas said Thursday that he is a preparing a comprehensive plan to organize the way Lebanon receives Syrian refugees and distributes aid to them.


“We should organize the aid coming on behalf of the Syrian refugees because they are being distributed randomly,” Derbas said in an interview to the Asharq radio station.“There must be a transitional period during which the refugees are received and then they should be sent to camps.”


“These are some of the features of a plan for refugees the ministry is working on; we will discuss the items of the plan with the president and finalize it completely before submitting it to Cabinet,” he said.


With the number of registered refugees nearing the 1 million mark, Lebanon has the highest per capita concentration of refugees of any country in recent history. The country has faced major problems addressing the refugee crisis, with camps officially banned and displaced Syrians settled in different areas throughout the country.


Derbas said that the international community was hesitant to support Lebanon due to the political deadlock resulting in a caretaker Cabinet, but that the formation of a new government “will help gain the trust of the international community.”


“If the Cabinet earns a vote of confidence, this means the international community will also have faith in the government and will consider us good enough to receive aid,” he said.



Lebanon, France finalize arms deal: report


BEIRUT: Lebanon and France have finalized an arms deal as part of a $3 billion Saudi grant aimed at bolstering Lebanon’s military capabilities, according to a report published Thursday.


The local daily An-Nahar, quoting diplomatic sources in Paris, said the agreement would provide the Lebanese Army with weapons for land, air and naval defense.


Saudi Arabia has pledged $3 billion to buy weapons from France to help support the poorly-equipped Lebanese Army.


The short newspaper report did not specify the types of weapons ordered.


An-Nahar said the deal is expected to be announced during a March 5 international donors conference in Paris.


The conference, known as the International Support Group (ISG) for Lebanon, held its first meeting in New York in September.


ISG aims to coordinate strong international support for Lebanon in response to the unprecedented challenges posed by the Syrian crisis.



Obama To Launch Initiative To Help Young Black, Latino Men



Audio for this story from Morning Edition will be available at approximately 9:00 a.m. ET.





The program is to encourage young African American and Latino males facing a difficult environment and hard choices. The president is once again wading into turbulent racial waters.



Germany warns against travel to Egypt's Sinai


Germany is warning its citizens against traveling to Egypt's Sinai in a further blow to tourism in the region.


The travel warning comes just over a week after a bus bombing near the town of Taba killed three tourists and the driver, raising fears that Islamic militants are stepping up attacks to hurt Egypt's tourism industry.


The Foreign Ministry issued the travel warning late Wednesday urging tourists to avoid all parts of the peninsula, including Red Sea resorts.


It says tourists already there should contact their travel agent to organize an early return.


Germany is a top source of tourists for Egypt, and its Red Sea coast is a popular destination for German tourists seeking sunshine during Europe's winter months.


Tourism accounted for 11 percent of Egypt's GDP until recently.



New Yorkers filing tax returns electronically


New York state officials say 97 percent of tax returns received so far this year have been electronically filed.


Tax officials said Wednesday that 3.1 million returns have been received this year. So-called e-filing can cut the wait time for a refund from 8 to 12 weeks down to about three weeks.


The state Department of Taxation and Finance this year has issued $1 billion in refunds to more than 1.1 million taxpayers. The average refund so far is $906.



Royal Bank of Scotland: $13.7 billion pre-tax loss


Taxpayer-owned Royal Bank of Scotland has taken a whopping 8.2 billion-pound ($13.7 billion) pre-tax loss for 2013 as it announced a new plan to streamline the bank to make it smaller and safer.


New Chief Executive Ross McEwan said RBS will now focus on Britain, signaling a rollback from the global ambitions held before the onset of the financial crisis.


McEwan said Thursday he will revive the bank by making it "smaller, simpler and smarter" and have it shrink from seven divisions to three.


British taxpayers rescued RBS in 2008 with a 45 billion-pound ($71 billion) capital injection after former swash-buckling CEO Fred Goodwin brought the bank to near-collapse with an aggressive global expansion strategy that included the ill-fated purchase of Dutch lender ABN Amro.



Overhaul Of A FEMA Program Has Homeowners Calling Congress



Levees, like this one in New Orleans, must be certified by the U.S. Army Corps of Engineers before appearing on federal flood maps. This change has resulted in higher flood insurance premiums in some areas.i i


hide captionLevees, like this one in New Orleans, must be certified by the U.S. Army Corps of Engineers before appearing on federal flood maps. This change has resulted in higher flood insurance premiums in some areas.



Mario Tama/Getty Images

Levees, like this one in New Orleans, must be certified by the U.S. Army Corps of Engineers before appearing on federal flood maps. This change has resulted in higher flood insurance premiums in some areas.



Levees, like this one in New Orleans, must be certified by the U.S. Army Corps of Engineers before appearing on federal flood maps. This change has resulted in higher flood insurance premiums in some areas.


Mario Tama/Getty Images


The House is expected to vote as early as next week to partially repeal a law that passed less than two years ago.


The original legislation was meant to overhaul the National Flood Insurance Program, which is tens of billions of dollars in debt. But altering the program has meant dramatically high flood insurance premiums for many homeowners.


You can find some of those homeowners in Bayou Gauche, about 30 miles west of New Orleans. Like other parts of South Louisiana, this small community is below sea level.



Pumping stations keep the land here dry during storms — as well as 6-foot levees. But these levees are nowhere to be found on the most recent flood map proposed by the Federal Emergency Management Agency.


FEMA has decided it will no longer recognize levees that aren't certified by the U.S. Army Corps of Engineers, so now Bayou Gauche shows up as a high-risk flood zone. Resident Gordon Matherne says that's ridiculous.


"The levees have been here for about 60 years, and we've never had a flood since the levees were built," says Matherne, 64, whose house is a five-minute drive from the levees.


Being deemed a higher risk as a flood zone has some financial consequences under the federal law passed in 2012: It has made flood insurance rates skyrocket for many longtime homeowners.


Living 'Check To Check'


The idea behind the Biggert-Waters Flood Insurance Reform Act was to shift the financial risk of insuring flood-zone properties from the government to homeowners. What lawmakers didn't foresee at the time was that new FEMA flood maps would bring staggering premium hikes for many of the 5.5 million people covered by the National Flood Insurance Program.



Ward Aucoin is facing a sharp jump in his flood insurance premium, due to a 2012 law that may be revised. A crabber to make ends meet, Aucoin lives in Louisiana with his wife and two daughters, Taylor (far right) and Zoe.i i


hide captionWard Aucoin is facing a sharp jump in his flood insurance premium, due to a 2012 law that may be revised. A crabber to make ends meet, Aucoin lives in Louisiana with his wife and two daughters, Taylor (far right) and Zoe.



Ailsa Chang/NPR

Ward Aucoin is facing a sharp jump in his flood insurance premium, due to a 2012 law that may be revised. A crabber to make ends meet, Aucoin lives in Louisiana with his wife and two daughters, Taylor (far right) and Zoe.



Ward Aucoin is facing a sharp jump in his flood insurance premium, due to a 2012 law that may be revised. A crabber to make ends meet, Aucoin lives in Louisiana with his wife and two daughters, Taylor (far right) and Zoe.


Ailsa Chang/NPR


"We live check to check. And if you walk around this neighborhood, you'll find that most of the people around here live check to check," says Ward Aucoin, another resident of Bayou Gauche.


Right now, Aucoin's paying $370 per year for flood insurance. But in a few years, under Biggert-Waters, he's supposed to pay more than $17,000 annually.


"You know, a meteor could hit my house, but I don't go spend $20,000 for just in case it hits my house," says Aucoin. "No one's flooding around here, so it's kind of hard for me to justify — and everybody to justify — $18,000, or whatever it's gonna be, for something that's never happened that may happen."


Because Aucoin still has a mortgage on his red-brick, ranch-style home, he's required to purchase flood insurance. And he says he can't move away because he's tethered to the petro-chemical industry that's based here. Those companies need to be near water to transport their products up and down the Mississippi River and into the Gulf of Mexico.


Most of Aucoin's neighborhood is in the same boat as he is.


"Neighbor across the street works at a local chemical plant. This one just retired from a chemical plant," says Aucoin, pointing to various houses down his street. "That's my brother next door works at a chemical plant."


An Environmental Concern


Stories like Aucoin's have been flooding into congressional offices, so now lawmakers are trying to delay or repeal parts of Biggert-Waters.


But that worries environmentalists like Rob Moore, policy analyst at the Natural Resources Defense Council.


"We need to turn the conversation from 'How do we keep insurance cheap?' to 'How do we make insurance work as a way of managing the nation's flood risk?' " says Moore.


Moore argues that when flood insurance rates are kept artificially low, people remain and rebuild in flood zones, and then there's more political pressure to erect levees and seawalls that disrupt natural water systems.


"Those things have major environmental consequences for water quality, for fish, for wildlife habitat," Moore says.


Who Can Leave?


There's a financial argument, too. Payouts from massive hurricanes, like Katrina and Sandy, have left the national flood insurance program about $24 billion in the hole. That's why Republican Sen. Pat Toomey of Pennsylvania says the government shouldn't continue paying for people's desire to live in flood-prone areas.


"We'd be going back to a system where literally Warren Buffet can buy a home, and as long as he makes it his primary residence, he can continue to have taxpayers subsidize his cost of flood insurance. I just don't how that's even remotely defensible," said Toomey on the Senate floor last month.


But to assume communities can just pick up and leave strikes Democratic Sen. Mary Landrieu of Louisiana as unrealistic.


"New Orleans is 8 feet below sea level. It's one of the great cities of the world. We're not going to move the entire city. We're not going to move St. Augustine, Fla. We're not going to move Miami Beach," says Landrieu in an interview in her Senate office.


Landrieu helped push a bill through the Senate that would delay most insurance rate increases for four years. House leaders are trying to drum up enough votes to go a step further and outright repeal the biggest hikes.



News briefs from around Tennessee at 1:58 a.m. EST


Kentucky snake handler death doesn't shake belief


Three days after pastor Jamie Coots died from a rattlesnake bite at church, mourners leaving the funeral went to the church to handle snakes.


Coots, who appeared on the National Geographic Channel's "Snake Salvation," pastored the Full Gospel Tabernacle in Jesus Name church founded by his grandfather in Middlesboro, Ky. The third-generation snake handler was bitten during a service on Feb. 15 and died later at his home after refusing medical help. Now his adult son, Cody Coots, is taking over the family church where snakes are frequently part of services.


"People think they will stop handling snakes because someone got bit, but it's just the opposite," said Ralph Hood, a professor of psychology at the University of Tennessee, Chattanooga, who has been studying snake handlers for decades. "It reaffirms their faith."


The practice of snake handling in the United States was first documented in the mountains of East Tennessee in the early 20th Century, according to Paul Williamson, a professor of psychology at Henderson State University who, along with Hood, co-wrote a book about snake handlers called, "Them That Believe." In the 1940s and 1950s, many states made snake-handling illegal (it's currently illegal in Kentucky), but the practiced has continued, and often law enforcement simply looks the other way.


The basis for the practice is a passage in the Gospel of Mark. In the King James Version of the Bible, Mark 16:17-18 reads: "And these signs shall follow them that believe; In my name shall they cast out devils; they shall speak with new tongues; They shall take up serpents; and if they drink any deadly thing, it shall not hurt them; they shall lay hands on the sick, and they shall recover."


Snake handling gained momentum when George Hensley, a Pentecostal minister working in various Southern states in the early 1900s, recounted an experience where, while on a mountain, a serpent slithered beside him. Hensley purported to be able to handle the snake with impunity, and when he came down the mountain he proclaimed the truth of following all five of the signs in Mark. Hensley himself later died from a snake bite.


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Haslam says citizenship required for tuition plan


NASHVILLE, Tenn. (AP) — Republican Gov. Bill Haslam says legislative efforts to make children of people living in the country illegally eligible for in-state tuition "have some merit," but that he has no plans to change his own free tuition proposal to include those same students.


Haslam wants to create the country's first free community college program for all high school graduates by using state lottery reserves to cover the difference between tuition costs and all available aid.


The governor's proposal would require students to exhaust all possible support by filling out a Free Application for Federal Student Aid, which requires a Social Security number.


Haslam told reporters Wednesday that removing the requirement to fill out that federal form would cause the cost of the tuition plan to become too high for the state.


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Paula Deen to open eatery in Pigeon Forge, Tenn.


SAVANNAH, Ga. (AP) — Paula Deen's comeback trail is leading her to the Smoky Mountains of east Tennessee.


The Savannah, Ga.-based celebrity cook announced Wednesday she's opening a new restaurant, Paula Deen's Kitchen, in Pigeon Forge, Tenn. A hub for tourists visiting the Dollywood theme park and the nearby Great Smoky Mountains National Park, Pigeon Forge draws about 10 million vacationers a year.


Paula Deen Ventures, a new company launched to manage Deen's comeback after she acknowledged past use of racial slurs in a lawsuit last year, said it's pouring $20 million into the 20,000-square-foot restaurant. Earlier this month, Deen's company announced it's getting at least $75 million from a private investment firm.


Deen lost four buffet restaurants in casinos operated by Caesars Entertainment last year during the fallout from the controversy.


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5th suspect in Memphis Rolex heist arrested


MEMPHIS, Tenn. (AP) — Authorities have arrested a fifth man charged with robbing a Memphis mall jewelry store of $537,000 in Rolex watches.


The U.S. Marshals Service says Rodrick Walker was arrested Tuesday while he was hiding in an apartment in southwest Houston. Walker was being held in the Harris County Jail, awaiting extradition.


Police say five men dressed in black with hooded shirts entered Reed Jewelers at Wolfchase Galleria Mall the night of Jan. 18, while the mall was still open. Police say they used sledgehammers to break the glass display cases and take the watches.


The robbers used two exits near the store to escape.


No injuries were reported. Despite early reports, police determined there were no shots fired.


Four other men have been arrested in the theft.



Insurer Allianz hikes dividend on higher FY profit


Insurance company Allianz says it is increasing its dividend to 5.30 euros ($7.27) from 4.50 euros a share after profits rose 15 percent last year.


The Munich-based company said Thursday its net income attributable to shareholders reached 6 billion euros ($8.24 billion) in 2013, up from 5.2 billion euros the previous year.


Heavy storms in Europe last year didn't hurt earnings from its property and casualty business, while its life and health insurance also grew.


Revenue rose 4.1 percent to 110.8 billion euros.


Fourth quarter earnings increased 1 percent to 1.26 billion euros.


In early trading on the Frankfurt exchange Allianz shares remained unchanged on the previous day at 131.10 euros.