Monday, 3 March 2014

Citigroup, Banamex USA disclose subpoenas


Citigroup and affiliate Banamex USA have disclosed grand jury subpoenas concerning compliance with the Bank Secrecy Act and anti-money laundering requirements under federal laws and banking regulations.


Citigroup Inc. said in a regulatory filing on Monday that the bank and Banamex USA received subpoenas from the U.S. Attorney's Office for the District of Massachusetts. Banamex USA also received a subpoena from the Federal Deposit Insurance Corp.


Citi says it is cooperating fully with the inquiries.


On Friday, Citi announced that it lowered its 2013 earnings by $235 million, saying it was a victim of fraud committed by Mexican oil services company Oceanografia S.A. de C.V., or OSA. Citi said that OSA overstated by $400 million the business it was doing with Mexico's state-owned oil company Petroleos Mexicanos, or Pemex. OSA used falsified invoices as collateral for $585 million in loans from Banamex, Citigroup said. But after an investigation, Citigroup could only verify $185 million of invoices.


Citi said that it believes the case is isolated, and it is moving to recover the money and identify anyone involved in the fraud. Mexican authorities said they have taken control of OSA, in part, to help make sure Citi recoups the funds.


Shares of Citigroup fell 95 cents to $47.68 in afternoon trading.



Comcast to buy ad tech firm FreeWheel for $320M


Comcast is buying online ad technology firm FreeWheel Media for about $320 million in a move that supports both its media content and cable businesses.


That's according to a person familiar with the matter, who spoke on condition of anonymity because the deal isn't final.


The purchase will help Comcast Corp. make money from ads placed on its content over a variety of platforms as FreeWheel technology evolves and gets better.


FreeWheel will also continue to help other media companies profit from their own digital content, which encourages them to make more shows available on demand and on other platforms that Comcast offers to its subscribers.


The person says San Mateo, Calif.-based FreeWheel will continue to operate independently. Its current investors include Disney's Steamboat Ventures and Time Warner's TBS.



La. farms await a new generation


About 70 percent of U.S. farmland will change hands within the next two decades, the U.S. Department of Agriculture predicts.


America's farmers are aging, and with about 52 percent of the country's land made up of small farms and ranches, it will be up to new generations of farmers to keep the industry growing.


In Acadiana, it has become harder and harder to find young people interested in farming, said Ricky Gonsoulin, Iberia Parish president for the Louisiana Farm Bureau.


"Who could blame them?" he added.


"I am very concerned about the amount of the young people that are getting into agriculture, specifically the row-crop business," Gonsoulin, 47, said. "Way back when you had several young people getting out of college or trade school and getting into this business to make a living. Now the price and production costs are rising, the commodity prices are falling. It's a challenge. Your back's against the wall."


Gonsoulin's family has been farming sugar cane for generations, which has put them at an advantage, he said. New farmers just breaking into the business must rely on hefty bank loans to get started.


Longtime rice farmer and Evangeline Parish Farm Bureau president Richard Fontenot, 44, said the cost to start a 1,000-acre row-crop farm, which is a relatively small business, could range from $500,000 to $1 million.


"A new tractor alone costs about $200,000. Pre-owned equipment can cost in the $150,000 range," Fontenot said.


And that, Gonsoulin said, doesn't include land.


"If you don't have a parent or an in-law that is currently farming where you can inherit the farm or agree to terms to buy the farm out, it's almost impossible to get a loan to go into business as a new farmer," Gonsoulin said.


C.R. "Rusty" Cloutier, president and CEO of MidSouth Bank, said his company offers loans for agriculture, but seldom gets new farmers.


That doesn't mean it can't be done.


In 2003, New Iberia brothers Hugh, 38, Mike and Chris Andre, both 29, set out to begin their sugar cane farming business.


Their family had no background in agriculture, Mike Andre said.


"Our dad worked in the oilfield and our mom is a schoolteacher," Mike Andre said. "The only farming background that we have is Hugh started farming with his best friend's daddy when he was real young. When he was 10 years old, he used to go around the farm on a tractor."


Their company, HMC Farm LLC, now farms on roughly 5,000 acres in Vermilion, St. Martin and Iberia parishes.


Like Gonsoulin, Mike Andre said new farmers face more challenges than they did even a decade ago.


For cane farmers, the introduction of Mexican sugar into the American market has driven prices down for U.S. sugar, Andre said. Another major obstacle is unpredictable weather, he said.


"Our biggest thing that we are relying on is Mother Nature. If we don't get the optimum weather then we don't grow a crop. The last three years have been excellent," he said. "But prices have been going down. You can grow the best crop in the world. But if you don't get paid for product it doesn't matter."


Rising fuel and equipment costs also affect production, he said.


The Agriculture Department estimates that nationwide, the number of family farms has grown 4 percent after decades of decline. But most of these farms are small operations.


According to the department's Ag Census, there has been a small increase in large family farms and non-family farms, but fewer mid-level farms. Organizations such as Agriculture of the Middle, which is led by a committee of four state university representatives and the Rural Advancement Foundation, are trying to revive the middle sector of agriculture and supply chains.


Last fall there were 339 students enrolled in Louisiana State University's College of Agriculture. The enrollment rate is significantly less than other colleges at the university. LSU's College of Engineering, for example, had 645 students enrolled in the fall 2013 semester.


Ralynn O'Brien, 19, a LSU freshman and daughter of an Iowa, La., rice farmer, said she thinks young farmers will continue to emerge. As the state president for Future Farmers of America, she said she has been able to travel around the country and meet with teens who are considering a career in agriculture.


"It's actually surprising because it's definitely not an easy job," she said. She said she recently spoke with a new FFA member who said he plans to take on the family business.


"His dad grows sugar cane and he said that something that really spoke to him is the FFA creed. One line of it says 'For I know the joys and discomforts of agriculture life.' He said that it really stood out to him," O'Brien said. "He's seen his family go through the good times and the bad times.


"Even though he's seen all that, it is something that he wants to do because he couldn't imagine his life growing up without it."


State FFA reporter Emily Hartzog, 19, is studying agriculture education at Louisiana Tech University. She said her father was a teacher and her grandfather grew watermelon in Angie, a village in Washington Parish.


There are only a handful of students at Tech who share her major, she said, but there is a statewide need for agriculture educators.


"Agriculture is the foundation of our nation. One thing that a lot of people don't understand is where their food comes from and where their clothes comes from," she said. "It all starts with the farmer. Where would be without American farmers?"


Now with a 10-year-old business that spans three parishes, Mike Andre and his twin brother, Chris, have a lot to celebrate. But it has not been an easy journey, he said.


"It was a tough start, especially the first five years," he said. "But we are still in the game.


"Make sure it's what you want to do because farming is not a simple life," he advised. "It has its perks. But it's not simple. You are worried about weather. You are worried about prices. You are worried about your labor. There's always worry going on, which is true for any job."


"But it's a little bit different when you've got to rely on Mother Nature."



Sanctions against Russia likely but they’re no easy task

McClatchy Newspapers



As Russia tightened its grip Monday on the Crimean peninsula, the Obama administration scrambled to find meaningful ways to sanction a nation that does relatively little U.S. business and exports primarily energy products that allies in Europe badly need.


The first step, a likely boycott of an international summit in Sochi, Russia, in June, is largely a public-relations slap. The administration has stronger tools at its disposal, including going after Russian banks or Russian exports of natural gas. Experts think the most likely scenario is the combination of an international aid package to shore up the fledgling Ukrainian interim government and targeted sanctions on key allies of Russian leader Vladimir Putin to make it harder for them to access European bank accounts.


“Over time, this will be a costly proposition for Russia,” President Barack Obama said during a photo-op Monday, hinting at coming sanctions. He called on Congress to make an aid package for the Ukrainian people a “first order of business.”


In a sign of the potential economic costs for Russia, the Russian ruble lost 2 percent of its value against the dollar Monday. The nation’s stock market fell by 12 percent, and the central bank burned through billions in foreign reserves to prevent a steeper slide of the currency and raised its key lending rate by a steep 1.5 percentage points to entice investors to keep purchasing Russian bonds.


Sharing little information, State Department spokeswoman Jen Psaki on Monday described efforts as “farther along” in preparing a sanctions package, suggesting it was inevitable unless Moscow reverses course and withdraws immediately from Ukraine.


“It’s likely that we will put those in place, and we’re preparing that right now,” Psaki said in a call with reporters, adding that European counterparts were being briefed a day before Secretary of State John Kerry was scheduled to arrive in the Ukrainian city of Kiev to show solidarity with the embattled government.


Trade between the United States and Russia is inconsequential: Russia isn’t among the top two dozen export markets for U.S. products or among the top 12 nations from which the United States imports.


But Russia was the world’s largest oil producer and second largest oil exporter last year. Its oil and natural gas exports go chiefly to its immediate neighbors and to the European Union. The most obvious, yet difficult, target to hit in Russia is the massive energy sector.


To be effective, any sanctions on Russian oil and natural gas must be matched by similar action from the European Union.


“If the EU stops buying (natural) gas from Russia, that’s $100 billion that can’t be exported elsewhere,” said Anders Aslund, a Russia expert for the Peterson Institute for International Economics, adding that “the big thing is to hit Russia’s finances.”


But there’s a rub. The EU needs Russian energy resources, and there aren’t any quick options for replacing supplies of natural gas. Sanctioning Russia could raise the prices of resources, giving Russia a windfall even as its volumes drop. Additionally, the EU is just crawling back from a deep recession, and significantly raising energy prices would surely stifle recovery efforts.


“I don’t think anyone would seriously talk about imposing (a ban on the) sale of oil and gas,” said Cory Welt, a research professor and Russia expert at George Washington University’s Elliott School.


There are other ways to hit at Russia’s powerful energy sector and put pressure on Putin. The Treasury Department, which had no comment Monday, could try to target the assets of individuals tied to Putin, perhaps even those at state-controlled banks and energy companies.


Russia has three large politically connected energy companies: Gazprom, Lukoil and OAO Rosneft. Rosneft inked a deal with ExxonMobil in August 2011 that gave it access to deepwater drilling in the Gulf of Mexico in exchange for ExxonMobil investing $2.2 billion toward Arctic drilling in the Kara Sea.


Hitting Rosneft risks a blowback on U.S. energy companies that operate in Russia.


“It’s not our practice to comment on speculation or private discussions,” said Alan Jeffers, an ExxonMobil spokesman.


One major oil company, ConocoPhillips, sold back its 20 percent stake in Lukoil in August 2012.


Experts think the administration is likely to target rich political allies of Putin, limiting their access to the global financial system. Many park their money in European banks, especially in Cyprus. That was evident last year, when a planned government seizure of bank deposits prompted an outcry from Putin on the behalf of Russians with billions in Cypriot banks.


Those targeted “sanctions would bite, particularly for officials with connections to Europe. They don’t want that kind of isolation,” said Welt. “Putin is not going to back down simply because Europeans impose sanctions but it would increase pressure . . . from below.”


Speaking in Washington on Monday, Sen. John McCain, R-Ariz., also called for hitting the Russian elite he called “these kleptocrats, these corruption people and the people that ordered this.”


He called for economic sanctions and for expanding the Magnitsky Act, which seeks to punish Russian officials by blocking them from entering the United States.


“We could expand it and identify those people and it’d be their last trip to Las Vegas,” McCain said.


Hannah Allam and Lesley Clark contributed to this article.



Tyco selling South Korean security arm for $1.93B


Tyco is selling its South Korean security business to the asset manager The Carlyle Group for about $1.93 billion.


Tyco Fire & Security Services Korea Co. Ltd. and its subsidiaries form and run Tyco International Ltd.'s South Korean security business. That business serves approximately 475,000 small-and-medium-sized businesses, commercial and residential customers.


Tyco, based in Switzerland, said Monday that it anticipates net proceeds of $1.85 billion. Tyco said the proceeds will allow it to increase the amount of cash it uses for acquisitions, stock buybacks and other corporate purposes.


Due to the sale, Tyco now expects second-quarter earnings from continuing operations of 39 cents to 41 cents per share, down from 44 cents to 46 cents per share. Analysts predict 46 cents per share.


The deal is expected to close in Tyco's fiscal third quarter.



Budget carrier flydubai boasts $61 million profit


Budget Mideast carrier flydubai says it recorded $60.7 million in profit last year out of total revenue of around $1 billion.


The airline said Monday that earnings were up 47 percent from 2012. Dubai International, where flydubai is based, handled 66.4 million passengers in 2013, making it one of the business airports in the world.


Flydubai says demand for travel within a five-hour flying radius of Dubai in the United Arab Emirates resulted in an increase of nearly 40 percent in passenger numbers to 6.82 million last year.


The airline is among the Gulf's fastest-growing airlines. It has committed to buying up to 111 Boeing 737 aircraft.


Flydubai operates an average of 1,100 flights a week and flies to 66 destinations.



Photo: UK discourages talk of Russia sanctions


A British government document caught by a photographer's lens suggests that officials there are against imposing economic sanctions on Russia, a position which could complicate any U.S. effort to isolate Moscow over its military advances on Ukraine.


The document, captured by a photographer outside the British prime minister's Downing Street office as it was carried in by an adviser, says Britain "should not support for now trade sanctions or close London's financial center to Russians," according to the BBC, which first reported the blooper Monday.


It's not clear whether the document presents a settled U.K. position or just the view of one set of officials within government.


Britain's views on sanctions are important in part because London is a key hub for Russian investment.


Downing Street had no immediate comment.



Oil prices spike on Russia sanctions fears


Oil prices jumped nearly two dollars a barrel Monday as Russia's military advance into Ukraine raised fears of economic sanctions against one of the world's major energy producers. Natural gas prices surged at the prospect of a decrease in global supplies.


By early afternoon in Europe, benchmark U.S. crude for April delivery was up $1.92 to $104.51 a barrel in electronic trading on the New York Mercantile Exchange. On Friday, the Nymex contract added 19 cents to close at $102.59.


Markets were responding as thousands of Russian troops solidified control over Crimea in the Ukraine. The U.S. warned Sunday that Moscow could face economic penalties unless it retreats.


"Ultimately the market wants to know to what extent the West will impose economic sanctions on Russia if there is bloodshed and further deterioration," IG market strategist Chris Weston said in a report.


The military advance into Crimea, a predominantly Russian speaking region that is friendly to Moscow, came after protesters ousted Ukraine's pro-Russian president, Viktor Yanukovych, over his decision to turn the country toward Russia instead of the European Union. Yanukovych fled to Russia after more than 80 people were killed in the protests in the capital Kiev, but insists he's still president.


Russia was the world's second-largest producer of oil in 2012, accounting for 12.6 percent of global supplies, according to the International Energy Agency. It was also the world's top exporter of natural gas in that year, the IEA said, so any economic sanctions taken against Moscow would limit world supply and push up prices.


"It is natural gas fundamentals which are probably more exposed to the current crisis, given Ukraine's key role as a transit country for Russian natural gas supplies into the European Union," analysts from JBC Energy in Vienna said in a note to clients. "However, an unusually mild winter has left most European gas inventories at the highest seasonal levels in years, meaning that markets would be relatively well prepared for any kind of supply disruption, in the short term at least."


Brent crude, a benchmark for international varieties of crude, was up $2.88 to $111.95 on the ICE Futures exchange in London.


"The lion's share of (Russia's) 5 million barrels per day of oil exports go to Europe, so it is hardly surprising that Brent has risen in response to the conflict, even though the risk of actual delivery outages is small," said analysts at Commerzbank in Frankfurt.


In other energy futures trading on Nymex:


— Wholesale gasoline rose 6.08 cents to $3.0382 per gallon.


— Heating oil added 6.97 cents to $3.086 per gallon.


— Natural gas climbed 7.8 cents to $4.687 per 1,000 cubic feet.



AUB president defends tuition hike


BEIRUT: Despite protests last week that saw hundreds of students rally on campus, the president of the American University of Beirut is insisting that tuition must be raised if the institution is to keep its doors open next year.


Students, however, are standing by their demand that the fees be frozen until the university develops alternative revenue streams and increases transparency.


Although AUB President Peter Dorman told The Daily Star that the university would “absolutely” have to increase tuition next year, he added that the figures had not yet been finalized.


“No number has been selected,” he said. “What we’re working with is roughly [a] 6 percent [increase in tuition], but we’ve been looking at numbers higher and we’ve been looking at numbers lower.”


Dorman said increasing operating costs were the main reason behind the proposed tuition increase.


“The costs of commodities, things like gas, fuel and water go up,” he said, adding that ensuring faculty and staff had “living wages” was another factor.


“We do try to budget to the bone,” he said.


Student representatives and activists, however, were unmoved by such explanations.


“We told the administration and we were really clear ... Not increasing [tuition] is our initial demand. Unless this demand is met, we will not negotiate,” said Youssef Sandakli, a student representative on the Tuition Increase Committee.


Sandakli has met with Dorman and University Provost Ahmad Dallal twice to discuss the issue, and another meeting is set to take place in the coming days. “They expressed a number of very good things,” Dorman said of the meetings.


Still, a fundamental disagreement about the proposed tuition fee increase remains.


“They [the administration] tried to give us their viewpoint of the situation, but we didn’t see that the increase was justified by what they told us,” Sandakli said.


While Dorman said that a tuition increase was unavoidable, he supported students’ desire to know how their money was being spent.


“I’m for transparency,” he said. “In view of the high proportion of the revenues that depend on tuition fees, they [the students] want to know more about what we’re doing with their money, and they have every right to know.”


Tala Kammourieh, also a member of the Tuition Increase Committee, says there is cause for concern.


“Based on research we conducted, we deduced that there are several cases of inefficiency and money leakage among several departments in AUB,” she said in an email.


Aside from the tuition freeze, the TIC is demanding the “publication of the university budget showing a detailed distribution of revenues into expenditures,” she added.


Kammourieh also expressed concern that the tuition increase would prove prohibitive for many AUB students and their families.


“Some students might have to withdraw,” she said.


“The degree of students having a hard time paying their tuition is actually massive,” echoed Sandakli.


But Dorman insisted that financial aid would actually be augmented by the proposed tuition increase.


“With the projected numbers we’re working with, we plan to increase financial aid,” he said.


For many middle-class students who don’t qualify for subsidized tuition rates, however, Dorman acknowledged that the timing of the increase was bad.


“We have to be very sensitive to the fact that Lebanon, in particular now, is in an economic crisis. I absolutely hear that message,” he said.


Still, Dorman said higher tuition fees may be the necessary price to pay as the university worked to cement its reputation as a world class institution.


“As we become higher profile and more engaged in research and training, those basic operating costs have to be covered from somewhere, and yet it adds enormously to the value of the degree,” he said.


A number of new facilities on campus, like the building housing the Issam Fares Institute for Public Policy, add to basic overhead costs but ultimately increase the university’s capacity to conduct independent research and provide a quality education to students, he said.


Still, many students wish the administration would focus more on the bottom line. Nadim Jabri, a student activist who helped coordinate last week’s protest, said the students might strike if the administration increased tuition for next semester.


“That’s the last resort, but it’s always an option,” he said. “We’re not afraid of this.”


Jabri and 20 other student leaders have formed an unofficial group, Students of AUB, to discuss strategies to sway the administration before the budget is finalized in May.


Dorman acknowledged a standoff with the student body was possible, but said he hoped it wouldn't come to that: “A standoff doesn’t solve anything. If it happens it happens, but that doesn’t change the budget equation. It doesn’t really change the calculus of the problem.”



More work for women’s rights: Chidiac


BEIRUT: Journalist May Chidiac Monday lauded the role played by women in the regional uprisings of recent years, but said much needed to be done to elevate their social status.


In her opening speech at a conference launched to honor women, Chidiac saluted those who played a role in the so-called Arab Spring. But she lamented the fact that three of the countries that had experienced dramatic political changes – Syria, Yemen and Egypt – were ranked low in terms of protecting women’s rights and elevating their social status.


“In Lebanon, the situation is no better. Women are captives of the sectarian system. The draft law on domestic violence is still sitting in the drawers of Parliament awaiting the blessing of 18 sects and the adoption by a majority of 128 MPs,” Chidiac said at the event organized by the May Chidiac Foundation, which was held under the patronage of first lady Wafa Sleiman.


“At this conference, we aim at shedding light on the unique experiences of women who were pioneers, strugglers, intellectuals, leaders, ministers and media figures – women who were capable of changing the status quo and toppling longtime standards,” Chidiac added.


“We want more female ministers, and we want to consider women for ministerial portfolios in the early stages of Cabinets’ formation, [rather than] when their conscience is suddenly awakened at the last minute to appoint a single women as minister in a Cabinet of 24, which is what happened this time,” she said.


“We welcome you Minister [of the Displaced] Alice Shabtini, but we don’t envy you because we are sure you will find yourself in the Lebanese wonderland soon,” Chidiac said, warning this Cabinet’s sole female minister that surprises and challenges would mar her duties in the government.


Health Minister Wael Abu Faour, who was one of the speakers at the opening ceremony, lamented that “women are seen at the front lines in times of hardship, but they are placed at the rear in times of peace and forgotten.”


Abu Faour expressed hope that “the disappointments of women during this new Arab era won’t be as many as they have been in the past decade,” adding that women would one day assume their rightful role but that this would come after years of struggle to make their voices heard.


Former Minister Amal Afeish, who represented the first lady at the ceremony, stressed that it was more important that women assume positions of influence in society and not merely meet a workforce quota.



Fight terror by sticking to routine: experts


BEIRUT: The persistent threat of car bombs might induce some to stay ensconced indoors, but psychology experts say going out despite the constant threat and even avoiding watching the news is key to leading a normal life under hostile circumstances.


According to Ketty Sarouphim, an associate professor of psychology at the Lebanese American University, the only way to avoid the detrimental psychological effects of Lebanon’s deteriorating security is by living life as routinely as possible.


“Try to have a routine. Routines make us feel safer and lower anxiety,” Sarouphim told The Daily Star. “Try to make plans ... don’t say ‘I can’t make plans because of the situation’ ... going to school, to work, to see friends, all of this should not be affected.”


Sarouphim added that scrapping plans to go out only gives rise to more feelings of frustration.


“If you allow yourself to stay in a state of panic, you will have a higher risk of developing a mental disorder, anxiety disorder, panic disorder, fear and phobia,” she said.


On July 9, 2013, a car bomb ripped through Beirut’s southern suburb of Bir al-Abed, heralding the start of an unprecedented wave of explosions in Lebanon not seen since the Civil War. The frequency of explosions increased sharply after the new year, with three suicide bombings in January and five in February.


Most of the attacks have targeted the Beirut southern suburbs and the Bekaa Valley town of Hermel, both associated with Hezbollah.


Most of the bombings were claimed by Syrian rebel groups who have vowed to carry on with attacks until Hezbollah withdraws from Syria, where it has been fighting alongside President Bashar Assad’s forces.


Rumors emerge almost every day about rigged cars entering Lebanese towns, along with news about stolen cars that could potentially be used in attacks across the country.


For Ahmad Oueini, an associate professor who teaches in both the psychology and education departments, individuals react differently to the threat of car bombs, and act accordingly to confront the psychological repercussions of the threat.


“It’s not possible to generalize because anxiety has to do with the way you appraise a situation relative to your own well-being, resources to cope, controllability and predictability of the threatening situation, which is very subjective,” he said. “Obviously, some people unreasonably assess a situation which causes them stress. Stress in turn leads to anxiety. In some cases, it can be crippling.”


“For example, a person living in [Beirut’s] southern suburbs may be very fatalistic, and strongly believe that God decides when is the time to go, so he goes about his life without worrying about the danger of car bombs. Maybe another person believes that if they avoid visiting or driving by certain places that are considered potential targets, they will have a sense of control over the situation,” Oueini explained.


He added that others might feel that nothing can protect them from a car bomb no matter what they do because these terrifying incidents can happen at any time, any day and any place.


“These people will probably feel more vulnerable, more stressed out, and hence more anxious,” he said.


Sarouphim said the constant threat of bomb attacks keeps people fixed on the need to ensure basic security, which prevents many from making higher achievements.


“There is a theory that says one of our basic needs is the need to be safe and secure, and unless we fulfill this need, we cannot go higher in the hierarchy of needs,” she said.


Other needs include the need to achieve, the need to love, to be loved and the need for self-esteem, Sarouphim added.


“It is very hard for students to study and think of making achievements when their basic need for safety and security is not met,” she explained. “When our very existence is threatened, how can we make plans for the future?”


Sarouphim said that in times of turmoil, parents tend to spoil their kids and be more permissive because they fear that they might lose them at any moment.


“Sociologically, in times of turmoil, people’s values are no longer as rigid, they tend to be loose,” the associate professor added.


Oueini said that one could address the problem of anxiety through what he called “problem-focused coping.”


“You can try to take precautions as much as you can – sandbag your business or apartment if you happen to live in places that are considered targets. Faith can help give a sense of security, and hope that the Lebanese government will come to its senses and do something drastic to stop this saga of terrorism. A more drastic solution would be to leave the country,” Oueini said.


“Yet other people can resort to emotion-focused coping, which means reducing the psychological effects of anxiety. They can avoid watching the news, do sports, yoga, listen to music, hang out with friends who might give them a sense of security and support,” he added.


For Sarouphim, the issue is “a daily struggle.”


“We should try to live a normal life and ... fight our own internal fears and the need to hide and never come out,” she says.



For Jim DeMint, Changing America Means Starting Small



The Conservative Political Action Conference — better known as CPAC — kicks off its annual meeting in Washington, D.C., this week. It's a who's-who of Republican presidential contenders and marquee conservatives like Jim DeMint, a former senator from South Carolina who has played a key role in the rise of the Tea Party.


Last year, DeMint gave up his Senate seat to lead the Heritage Foundation, a powerful, conservative think tank, and his book Falling in Love with America Again comes out March 4. In it, DeMint quotes the 18th-century political thinker Edmund Burke, who argued that a person's love of country begins small, with a "little platoon" of family, friends and community.


DeMint talked to All Things Considered's Audie Cornish about the state of the Republican Party and what he thinks it will take to change Washington.


Interview Highlights


On his vision of a productive government


I'm concerned that America's going in the wrong direction. I know a lot of young people no longer believe the American dream is attainable for them, and this will probably be the first generation that has it worse than their parents. So if we're going to change the course of the country, we just have to remember what made us great in the first place. And it does begin with individuals and the "little platoons" that are around them.


On the Heritage Foundation's work


I know from being on the Hill for 15 years that it got to the point where we had good ideas from Heritage, but it was more [like] the members of Congress would just pat the Heritage folks on the head and say, "That's really cute, but we're gonna respond to ... some big lobby interest." ...


But the Heritage Foundation is continuing to provide the best ideas and policies. We've got 10 pieces of legislation that were shaped by our research that are now being pushed in the House and the Senate, and that number will expand as we go through the year.


On his defense of the Tea Party


There was no such thing as the Tea Party in 2006 when Republicans lost a majority in both houses. The Tea Party wasn't around in 2008 when we lost the presidency and the party nominated a moderate, John McCain. The only election they have won in the last decade was 2010, when a grassroots movement [developed] — some were called Tea Party, some were just Americans concerned about the direction of the country. And a lot of Republicans embraced that, and that helped them win the House. It brought Marco Rubio, Rand Paul, Pat Toomey, a number of new people to the Senate. But the Republican Party has not embraced those ideas. In fact, they've pushed them away.


On how to change Washington


There's no question about it: The only way to turn this country around is outside of Washington. ... I was in the House six years, the Senate eight years — but I had my own business. I worked in my community for about 20 years. And I did more good in my community for more people than I did in the Senate for my community.



In Tight Texas Lt. Gov. Race, Little Space Left On The Right



Audio for this story from All Things Considered will be available at approximately 7:00 p.m. ET.





In the Texas lieutenant governor campaign, current Lt. Gov. David Dewhurst is in a tight race with Dan Patrick, a state senator. They're vying for the Republican nomination in Tuesday's primary.



Two Talks On The Docket For Netanyahu's White House Visit



Audio for this story from All Things Considered will be available at approximately 7:00 p.m. ET.





Israeli Prime Minister Benjamin Netanyahu meets with President Obama at the White House on Monday to discuss two sets of talks: a framework for a deal with Palestinians, and an Iran nuclear deal.



Ukraine Is The Latest Overseas Crisis To Blur DC's Partisan Lines


To the list of political issues with which we began this mid-term election year, which had the Affordable Care Act and the economy at the top, we can now add Russia's involvement in Ukraine.


But while the domestic issues divide along fairly clear blue and red lines, the political question of what the U.S. should do about Russian President Vladimir Putin's deployment of the Russian military into Ukraine's Crimea is scrambling Washington's normal partisan lines.


For one, there's something of a Republican intra-party divide, as illustrated by two Republican senators thought to be interested in running for president in 2016 and one GOP congressman running for a Senate seat this year against a Democratic incumbent.


Sen. Marco Rubio, R-Fla., for instance, wants a robust anti-Russian response, including U.S. and other members of NATO extending economic and military assistance to Ukraine's transitional government. Rep. Tom Cotton, R-Ark, who hopes to defeat Democratic Sen. Mark Pryor, went even further than Rubio. He accused Obama of "trembling inaction" and likened Putin's move to Adolf Hitler's annexation of Austria or Anschluss and called for maximum economic pressure to be applied on Russia.


By contrast, Sen. Rand Paul, R-Ky, true to his libertarian, non-interventionist roots, warned U.S. policymakers even before Russia's involvement in Ukraine against upsetting the Russian bear. A statement he issued Friday reminded Russia of the negative economic consequences it would incur. Indeed, it read like something that could've been written by an officer on the State Department's Russia desk in its use of careful and non-threatening diplomatic language.


While the usually well-defined partisan split isn't there this time, there is still partisanship to be found. In the same vein as Cotton's Anschluss comment, conservatives have likened Obama to President Jimmy Carter during the 1979 Soviet invasion of Afghanistan, for instance. Sen. John McCain has called Obama "naive" about Putin.


That would be the same McCain, however, who joined a bipartisan group of Senate Foreign Relations Committee members that issued a letter of support for the Obama administration's efforts to raise economic pressure against Russia. The letter was clearly intended to strengthen the president's hand at a critical moment in his dealings with Putin.


In an interesting way, the international crises that have erupted on Obama's watch — Syria, Libya, Egypt among them — have tended to cause a diversion, if only temporarily from the unified messaging of both parties.


Politics may not stop at the waters edge (if it ever did), but it does get more complicated.



These Kids Almost Made the Winter Worth It By Combining Ziplining and Sledding. Almost.


“Oh, crap,” you say, looking out the window and realizing Mother Nature has dealt yet another wintry blow to your tender midriff, white stuff piling up on top of the grey-brown remnants of last week’s spuriously named blizzard.


More snow. Ugh.


We get it. We really do. But what we all need to do is take a page from YouTube sensation and DIY extreme sport enthusiast devinsupertramp, venture out into the teeth of this thing, get creative, and have some fun, dammit. Shrug off these humdrum societal coils binding us resolutely to our cubicles, head to Home Depot for a few hundred yards of bungee cord, duct tape, and a body board, then abscond to the nearest scenic vista and get radical. Maybe grab a road soda or two on the way, just in case a healthy injection of the liquid courage variety is required to take that first launch into the ether, a primer to kick start sedentary adrenal glands.


Don’t worry. One face-smashing, eye-watering, body-jarring run and you’ll be laughing through the blood and bruises. Feel alive again. It’s not even gonna start to hurt ‘til tomorrow, and at that point you’ll be firmly ensconced back in your 6x6 work pod, so who cares? Get out there and get you some. Winter’s been long, too long, and you deserve it. Those TPS reports can wait a day.


Why should these crazy kids have all the fun? You’ve got insurance, right? Exactly.



Petroleum coke storage plan draws opposition


A proposal to store petroleum coke along the Detroit River has drawn opposition from some area residents.


The Michigan Department of Environmental Quality plans a community meeting Wednesday in Wyandotte on the proposal to use a 15-acre site in nearby River Rouge.


Petroleum coke, or petcoke, is a solid byproduct generated by petroleum refineries. It's commonly burned as fuel in cement kilns and power plants.


Petcoke piles along the river in Detroit drew complaints last year and city officials ordered them removed. Detroit Bulk Storage is applying for a DEQ air permit to store and ship petcoke from River Rouge.


Detroit Bulk Storage Vice President Noel Frye tells the Detroit Free Press (http://on.freep.com/NMm7rw ) the company has long used the land for storage. The company says planned steps would prevent pollution.



Grain higher, cattle lower and pork higher


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


Wheat for May delivery was unchanged at 6.0225 a bushel; May corn was 9.50 cents higher at 4.73 a bushel; May oats were unchanged at 4.6250 a bushel; while May soybeans was 12 cents higher at 14.26 a bushel.


Beef lower and pork was higher on the Chicago Mercantile Exchange.


April live cattle was .52 cent lower at $1.4445 a pound; May feeder cattle was 1.60 cents lower at 1.7210 a pound; April lean hogs gained 1.60 cent to $1.0845 a pound.



Wind energy boom expected in northwest Iowa county


A rural northwest Iowa county known for its strong winds is expecting an economic boom thanks to a surge of future wind energy projects.


Various companies are planning large-scale projects in O'Brien County during the next several years that would harness and export renewable energy to more populated regions, the Sioux City Journal reported (http://bit.ly/1gNfy0B ).


The projects, which include turbine and power line construction, are expected to bring in hundreds of millions of dollars in investment and thousands of temporary jobs.


The projects from companies like MidAmerican Energy Co. represent an economic boom that will help local businesses and grow communities, said Rodd Holtkamp, a member of the county economic development board.


"It's an economic boom for the county the likes of which we've never seen before," he said. "It should eventually put more people in our grocery stores, more people in our churches, more people in our schools."


MidAmerican broke ground in November on a 500-megawatt wind farm that will include more than 200 wind turbines over 70,000 acres. It's scheduled to be done by the end of 2015. The company also has plans for a high-voltage overhead transmission line.


Houston-based Clean Line Energy is awaiting approval for another high-voltage transmission line that will export 3,500 megawatts of wind-generated electricity. It's expected to be in service in 2017.


County Economic Development Director Kiana Johnson said several more companies are looking to develop wind-related projects in the area, but they're in earlier planning stages. But all the interest is expected to bring thousands of temporary workers to the area, who in turn will help local businesses.


"The trickle-down of those dollars going through the community time and time again is just going to be amazing," said Holtkamp, the county economic development board member.


The newspaper reported that the wind farms and transmission lines, in the end, are projected to create hundreds of permanent jobs in the region.


Some residents have expressed concern that projects like the transmission line from Clean Line Energy may force landowners to sell valuable property. But supporters say farmers can retain ownership and the right to till the land under the lines and turbines.


"As a farmer, I sell hogs, cattle and corn and soybeans," said O'Brien County farmer Jay Hofland, who supports the development. "We export all of those things. I'm strongly behind exporting some wind energy out of this area. It's another energy stream and it's a good opportunity."



Empty American jet goes off DFW airport taxiway


An unoccupied American Airlines jet being towed to a maintenance hangar has gone off a taxiway at Dallas-Fort Worth International Airport during freezing weather.


American spokeswoman Laura Masvidal says nobody was hurt in the incident around 5 a.m. CST Monday that left the MD-80 in a grassy area.


She says officials with the Fort Worth-based carrier are trying to determine how the incident happened and if weather played a role. Masvidal says the jet was being towed from a gate for routine maintenance. All three sets of landing gear went into the grass.


Masvidal says the jet, which remained in the grass at daybreak Monday, was not damaged.


Temperatures dipped into the teens Monday in North Texas where some highways were icy a day after sleet.



BC-Noon Oil


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Businesses resume after Thai protests scaled back


Thailand's political crisis is far from resolved, but Bangkok had at least one reason to breathe a temporary sigh of relief Monday: Major intersections barricaded by the protesters reopened to traffic for the first time in six weeks.


That's good news for businesses — including those that support the demonstrators, and for drivers who have faced blocked roads and traffic even more snarled than usual during the occupation of half a dozen of the capital's major arteries.


"I'm really glad they moved out," said Rattanaporn Intarit, who owns a boutique selling nightgowns and women's clothes at Siam Square, a vibrant commercial and shopping area in the city center. "I don't care why they did it, but I'm just glad they're gone and I hope the economy will be better."


The protesters have struggled unsuccessfully for months to force Prime Minister Yingluck Shinawatra to step down and make way for an unelected council to institute anti-corruption reforms. Sporadic violence has killed 23 people and injured more than 700, and over the last several weeks, protest sites had been attacked almost daily.


On Monday, two grenades were thrown at the Criminal Court's building in northern Bangkok but no one was injured, according to court officials.


So far, the army — which has staged 11 coups since the end of absolute monarchy in 1932 and is seen as sympathetic to the demonstrators — has shown little appetite for intervening. Most believe the real battles will now take place in court.


Yingluck faces several legal challenges that could force her from office, and has to contend with a judiciary which has a record of hostility toward her and her political allies.


Last week, Thailand's anti-graft commission began proceedings to charge Yingluck with negligence for allegedly mishandling a government rice subsidy program. Yingluck could eventually face impeachment by the Senate or criminal charges if the National Anti-Corruption Commission delivers a final ruling against her.


Although protesters are still blocking the roads near Yingluck's office at Government House, and a stretch of road leading to a government office complex in northern Bangkok, they began packing up Sunday to leave several other major intersections.


On Monday, the city center reopened for traffic, with cars and pedestrians moving into areas once barricaded with sandbag walls and steel gates that were patrolled by self-appointed protest guards who searched vehicles and bags of those passing by.


The dwindling number of demonstrators moved their to central Bangkok's Lumpini Park, turning what was once a beautiful urban green space into a sea of tents.


Rattanaporn said the impact from the current round of street demonstrations was "the worst" he had seen since he opened his shop 11 years ago. Thailand's capital has suffered repeated bouts of unrest and mass protests since a 2006 coup ousted Yingluck's brother, former Prime Minister Thaksin Shinawatra.


But Rattanaporn said this time, it would take a while for businesses to recover.


"Customers, especially the foreigners, are not returning yet at this point," he said. "It's going to take some time before it became lively around here again. Still, it feels good to see cars running outside and coming in to Siam Square."


Sri Somdee, 60, who sells school uniforms near MBK, a shopping mall that is popular among both Thais and foreign tourists, said she was "very relieved" protesters were gone.


"I know they are fighting for their cause but they were bringing businesses down with them," he said.


The Bangkok Mass Transit Authority, which operates the public city buses, announced it was resuming normal service on 21 bus routes after having lost 94 million baht ($2.88 million), or about 21 percent of regular revenue since January. Another 20 routes are still disrupted by dotted protest encampments across the city.


On Monday, an alliance of seven private sector organizations, including the Federation of Thai Industries, a major bankers' association and the Tourism Council of Thailand, said they were in favor of negotiations between the protesters and the government in order to end the conflict and the "severe" damage to the economy.


"Should the conflict be prolonged, it would definitely bring about the crisis of confidence among various foreign investors. It would further erode the country's competitiveness and its economic and trade opportunity in the region," the group said in a statement.



Twitter installing log cabins at headquarters


Employees at Twitter's headquarters in San Francisco will soon get to take their lunch break in 19th century relics.


The Marin Independent Journal reports (http://bit.ly/1dgDs5N) the high-tech giant is installing a pair of low-tech log cabins from the late 1800s to serve as dining rooms.


The cabins were salvaged from ranches in Montana by a Marin County contractor and sold to the owner of an architectural firm helping to refurbish Twitter, Inc.'s headquarters.


They should be in place within a few weeks. The plan is to build booths inside them for company employees to sit in while they eat.



Australia to relax Qantas foreign ownership limits


The Australian government has decided to relax foreign ownership restrictions on Qantas Airways after the national carrier posted a record half-year loss.


Prime Minister Tony Abbott said his Cabinet agreed Monday to repeal legislation that prevents foreign airlines from holding more than 35 percent of the airline and any single foreign investor from holding more than a 25 percent stake.


But the government could struggle to pass the changes through a hostile Senate.


Qantas last week posted a first-half loss of 235 million Australian dollars ($211 million) amid tougher competition and said it would cut 5,000 jobs.


Abbott said Cabinet on Monday ruled out guaranteeing a loan for Qantas. It had had earlier discussed the possibility with the airline.



Peugeot 308 wins car of the year


The family car Peugeot 308 has been voted car of the year by European automotive editors.


French automaker Peugeot's compact beat six other finalists — including a pair of electric sports cars, the Tesla S and BMW i3 — and a premium Mercedes S class for the award announced Monday, the eve of the Geneva Auto Show.


The Peugeot 308 is more compact than its predecessor, with a larger trunk and redesigned cockpit that includes a smaller steering wheel with the instruments placed above it.


Ray Hutton, past president of the car of the year jury, says European motoring journalists tend to prefer family cars that appeal to their readers over pricier models.


Hutton said the 308 was "an extremely good Peugeot" with "a lot of nice detailing."



Arby's gets Pharrell's hat for $44K in eBay bid


Arby's has won the bid for Pharrell's famous hat.


The fast food restaurant announced Sunday it paid $44,100 for the Vivienne Westwood hat, made famous when Pharrell wore it at the Grammy Awards in January.


The Arby's logo uses a design similar to the brown fedora, which became a trending topic on Twitter after Pharrell sported it.


The producer-rapper-singer put the hat on eBay two weeks ago. The earnings will support his charity From One Hand to Another.


Pharrell tweeted thanks to the buyer Sunday, to which Arby's replied: "You're welcome. We're HAPPY to support a great cause & get our hat back."


Pharrell wore a similar hat when he performed at the Academy Awards on Sunday. His No. 1 hit "Happy" was nominated for best original song.



Protest against prisoners transfer in n. Lebanon


BEIRUT: Numerous people blocked a road in the northern city of Tripoli Monday to protest the transfer of three prisoners from Qibbeh to Roumieh Prison.


Security forces were able to reopen the street soon after the relatives and friends of the three prisoners burning tires to block the Beddawi road.


Authorities at the Qibbeh Prison in Tripoli decided to transfer inmates Bilal Mehrez, Shadi al-Sabti and Abdallah al-Sabbagh to Roumieh Prison, where they will serve the remainder of their sentences. The families argued that the transfer would make it difficult to visit their loves ones.


The prisoners circulated photos of bed sheets on social media, claiming they would commit suicide if the transfer took place.


Prison guards in Qibbeh took strict measures inside the prison facility to prevent inmates from carrying out the threat.



Gemayel backs Sleiman, slams Hezbollah


BEIRUT: Kataeb Party MP Sami Gemayel Monday backed President Michel Sleiman in his row with Hezbollah over the controversial tripartite defense formula, as rival ministers tasked with drafting the Cabinet policy statement held an eighth meeting under Prime Minister Tammam Salam.


"Targeting the president contributes to the collapse of the state and spreads chaos in all legitimate institutions,” Gemayel said during a news conference at the Kataeb Party headquarters in Saifi.


"Attacking Sleiman is unacceptable and we will place our MPs and ministers in the current government under his disposal,” he said.


The Kataeb Party has two ministers in the Cabinet, one of whom is a member of the panel drafting the ministerial statement.


The dispute between Hezbollah and Sleiman started Friday when the president implicitly attributed the delay in approving the policy statement to the party’s insistence on including the ‘Army, people, resistance’ defense formula in the document.


Hezbollah maintains that the tripartite equation, which the party commonly refers to as a “golden” formula, is the only viable means of protecting Lebanon from Israeli aggression. The formula has been adopted by past Cabinets.


“All sides should not cling to wooden [inflexible] equations that hinder the release of the [Cabinet’s] policy statement,” Sleiman said.


Hezbollah hit back at Sleiman, saying the president needed “specialized care” because he could “no longer differentiate between gold and wood.”


Gemayel and his allies in the March 14 coalition demand that the issue of the resistance be placed under state authority, thus denying Hezbollah the right to use its weapons at will against any Israeli attack.


Hezbollah and its March 8 allies have outright rejected the demand.


Gemayel argued that Hezbollah had "lost its legitimacy," citing the party’s military involvement in neighboring Syria and for having used its weapons inside Lebanon for political reasons.


“There is no consensus over the resistance; therefore, we cannot impose something on half of the Lebanese who don't believe in it,” he added.


During his chat with reporters, Gemayel also said his party opposed providing “political cover” for Hezbollah’s military involvement in Syria.


“If we provide Hezbollah with political cover, the entire Lebanese community will be subject to attacks,” he said.


Although ministers tasked with drafting the Cabinet policy statement reached a “satisfactory formula” on the disputed Baabda Declaration, they have so far failed to agree on the issue of the resistance.



Buffett says rail tank cars need upgrades for oil


Investor Warren Buffett says it's clear that railroad tank cars carrying crude oil need to be updated because oil from certain regions has the potential to be more dangerous than previously thought.


Buffett appeared on CNBC Monday after releasing his letter to Berkshire Hathaway shareholders Saturday. Buffett owns BNSF railroad and a manufacturer of tank cars.


Buffett says the crude oil from the Bakken oil field in North Dakota and Montana and the Eagle Ford oil field in south Texas has proven more volatile than anticipated.


That volatility may have contributed to several fiery derailments in the past year, including one in Lac-Megantic, Quebec, last summer that killed 47 people.


New safety rules being drafted by federal regulators may not be completed until later this year.



SC employment reaches high as population rises


Gov. Nikki Haley's administration says South Carolina's employment reached an all-time high in December, but the numbers don't take into account the state's growing population.


The state Department of Employment and Workforce on Monday called 2013 a banner year for employment, with nearly 2,026,000 people employed in December. The agency notes the state surpassed 2 million people employed in November 2012 and has remained above that since. Haley credits her administration's job recruitment efforts to the all-time high.


But while the jobless rate has declined over the last few years to 6.6 percent, the state's all-time low was 3.2 percent set in 1998. That's because more jobs are needed for more people.


The Census estimates that South Carolina grew by more than 51,400 people just from 2012 to 2013.



Tyco selling South Korean security arm for $1.93B


Tyco is selling its South Korean security business to the asset manager The Carlyle Group for about $1.93 billion.


Tyco Fire & Security Services Korea Co. Ltd. and its subsidiaries form and run Tyco International Ltd.'s South Korean security business. That business serves approximately 475,000 small-and-medium-sized businesses, commercial and residential customers.


Tyco, based in Switzerland, said Monday that it anticipates net proceeds of $1.85 billion. Tyco said the proceeds will allow it to increase the amount of cash it uses for acquisitions, stock buybacks and other corporate purposes.


Due to the sale, Tyco now expects second-quarter earnings from continuing operations of 39 cents to 41 cents per share, down from 44 cents to 46 cents per share. Analysts predict 46 cents per share.


The deal is expected to close in Tyco's fiscal third quarter.



Budget carrier flydubai boasts $61 million profit


Budget Mideast carrier flydubai says it recorded $60.7 million in profit last year out of total revenue of around $1 billion.


The airline said Monday that earnings were up 47 percent from 2012. Dubai International, where flydubai is based, handled 66.4 million passengers in 2013, making it one of the business airports in the world.


Flydubai says demand for travel within a five-hour flying radius of Dubai in the United Arab Emirates resulted in an increase of nearly 40 percent in passenger numbers to 6.82 million last year.


The airline is among the Gulf's fastest-growing airlines. It has committed to buying up to 111 Boeing 737 aircraft.


Flydubai operates an average of 1,100 flights a week and flies to 66 destinations.



Oil prices spike on Russia sanctions fears


Oil prices jumped nearly two dollars a barrel Monday as Russia's military advance into Ukraine raised fears of economic sanctions against one of the world's major energy producers. Natural gas prices surged at the prospect of a decrease in global supplies.


By early afternoon in Europe, benchmark U.S. crude for April delivery was up $1.92 to $104.51 a barrel in electronic trading on the New York Mercantile Exchange. On Friday, the Nymex contract added 19 cents to close at $102.59.


Markets were responding as thousands of Russian troops solidified control over Crimea in the Ukraine. The U.S. warned Sunday that Moscow could face economic penalties unless it retreats.


"Ultimately the market wants to know to what extent the West will impose economic sanctions on Russia if there is bloodshed and further deterioration," IG market strategist Chris Weston said in a report.


The military advance into Crimea, a predominantly Russian speaking region that is friendly to Moscow, came after protesters ousted Ukraine's pro-Russian president, Viktor Yanukovych, over his decision to turn the country toward Russia instead of the European Union. Yanukovych fled to Russia after more than 80 people were killed in the protests in the capital Kiev, but insists he's still president.


Russia was the world's second-largest producer of oil in 2012, accounting for 12.6 percent of global supplies, according to the International Energy Agency. It was also the world's top exporter of natural gas in that year, the IEA said, so any economic sanctions taken against Moscow would limit world supply and push up prices.


"It is natural gas fundamentals which are probably more exposed to the current crisis, given Ukraine's key role as a transit country for Russian natural gas supplies into the European Union," analysts from JBC Energy in Vienna said in a note to clients. "However, an unusually mild winter has left most European gas inventories at the highest seasonal levels in years, meaning that markets would be relatively well prepared for any kind of supply disruption, in the short term at least."


Brent crude, a benchmark for international varieties of crude, was up $2.88 to $111.95 on the ICE Futures exchange in London.


"The lion's share of (Russia's) 5 million barrels per day of oil exports go to Europe, so it is hardly surprising that Brent has risen in response to the conflict, even though the risk of actual delivery outages is small," said analysts at Commerzbank in Frankfurt.


In other energy futures trading on Nymex:


— Wholesale gasoline rose 6.08 cents to $3.0382 per gallon.


— Heating oil added 6.97 cents to $3.086 per gallon.


— Natural gas climbed 7.8 cents to $4.687 per 1,000 cubic feet.



Cleaner Cars, Cleaner Fuels, and a Cleaner Bill of Health

Ed. note: This is cross-posted from the EPA Connect blog. See the original post here.


Today I’m thrilled to announce EPA’s new clean fuel and vehicle standards that are a win for public health, a win for our environment, and a win for our wallets. These “Tier 3” emission standards for cars and gasoline will significantly reduce harmful emissions, prevent thousands of premature deaths and illnesses, and encourage innovation and technological improvements in the cars and trucks we drive.


By reducing gasoline sulfur levels by more than 60% (down from 30 to 10 parts per million (ppm) in 2017), vehicle emission control technologies can perform more efficiently, both on existing vehicles and on new ones. The new Tier 3 standards will also slash a range of harmful pollutants that can cause premature death and respiratory illnesses. They will reduce smog-forming volatile organic compounds (VOC) and nitrogen oxides (NOX) by 80%, establish a 70% tighter particulate matter standard (PM2.5), and virtually eliminate fuel vapor emissions.



read more


Midwest economy: February state-by-state glance


The Institute for Supply Management, formerly the Purchasing Management Association, began formally surveying its membership in 1931 to gauge business conditions.


The Creighton Economic Forecasting Group uses the same methodology as the national survey to consult supply managers and business leaders. Creighton University economics professor Ernie Goss oversees the report.


The overall index ranges between 0 and 100. Growth neutral is 50, and a figure greater than 50 indicates an expanding economy over the next three to six months.


Here are the state-by-state results for February:


Arkansas: The February overall index for Arkansas rose to 55.1 from 53.6 in January. Components of the index were new orders at 67.1, production or sales at 48.6, delivery lead time at 50.1, inventories at 57.0 and employment at 51.8. "Growth among business services firms more than offset pullbacks for nondurable-goods manufacturers," said Goss.


Iowa: Iowa's overall index rose to a regional high of 64.5 from January's 59.1. Components of the index were new orders at 66.5, production or sales at 69.3, delivery lead time at 64.7, employment at 60.2 and inventories at 61.9. Strong growth was recorded for metal manufacturers and food processors. "Even as domestic sales of agriculture equipment have cooled, international sales of farm and earthmoving equipment have boosted business activity of agriculture equipment manufacturers in the state," Goss said. "On the other hand, firms linked to vehicle manufacturing recorded pullbacks in business activity," he said.


Kansas: The state's overall index dropped to 55.1 in February from 58.3 in January. Components were new orders at 49.1, production or sales at 67.3, delivery lead time at 49.8, employment at 52.0 and inventories at 60.6. Growth was recorded for machinery manufacturers and business services firms in the state. But businesses tied to aircraft manufacturing "reported pullbacks in business activity," Goss said.


Minnesota: The overall index advanced to 64.1 from 57.7 in January. Components of the index from the February survey were new orders at 63.3, production or sales at 68.3, delivery lead time at 62.4, inventories at 72.5 and employment at 54.0. "Expansions for durable-goods manufacturers, including medical equipment producers, more than offset pullbacks for food processors," Goss said.


Missouri: The February overall index rose slightly, to 53.6 from 53.2 in January. Components of the index were new orders at 51.5, production or sales at 55.5, delivery lead time at 56.2, inventories at 51.7 and employment at 52.9. Durable-goods producers, including metal manufacturers and motor vehicle manufacturers, boosted recent growth in the state. Business services firms are also experiencing upturns in business activity, Goss said.


Nebraska: After remaining below growth neutral for the last three straight months of 2013, Nebraska's overall index has risen above 50 for the first two months of 2014. The index hit 53.9 in February, compared with 52.2 in January. Components of the index were new orders at 55.6, production or sales at 57.8, delivery lead time at 47.1, inventories at 51.3 and employment at 57.7. "Durable-goods manufacturers, including metal manufacturers, detailed positive growth," Goss said. Even as domestic sales of agriculture equipment have cooled, international sales of farm and earthmoving equipment have boosted business activity of agriculture equipment manufacturers in the state, and food processors are experiencing healthy growth, he said.


North Dakota: North Dakota's overall index rose to 57.6 from January's 56.5. Components for February were new orders at 56.8, production or sales at 51.6, delivery lead time at 67.8, employment at 59.0 and inventories at 52.9. "Advancing economic conditions among durable-goods producers and business services firms more than offset somewhat weaker business conditions for food processors in the state," Goss said.


Oklahoma: The state's overall index climbed to 58.9 from 54.7 for January. Components were new orders at 75.1, production or sales at 60.9, delivery lead time at 49.2, inventories at 55.8 and employment at 53.4. "Advancing economic conditions among durable-goods producers, including machinery manufacturers, and business services firms more than offset somewhat weaker business conditions for food processors in the state," Goss said.


South Dakota: After moving below growth neutral in November 2012, South Dakota's overall index has been above growth neutral each month since. The overall index in February rose to 60.9 from January's 55.1. Components of the overall index were new orders at 59.4, production or sales at 67.3, delivery lead time at 50.6, inventories at 61.9 and employment at 65.1. "Manufacturers in the state continue to add jobs and increase the hours worked for current employees. Wholesalers in the state are experiencing upturns in business activity," Goss said.


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Online:


Creighton Economic Forecasting Group: http: //http://bit.ly/1eVPXQt



MP Geagea says offensive calls return, urges action


BEIRUT: Lebanese Forces MP Strida Geagea Monday said she was receiving once more harassing phone calls by an unidentified party and urged authorities to identify the culprits.


“From Sunday and leading up to Monday [morning], the lawmaker received a series of calls on her personal phone from a caller who issued a variety of threats and insults,” a statement from her office said, adding that the calls were made from blocked numbers.


The threatening calls, according to the statement, first surfaced in January, prior to the formation of the new government, and coincided with aerial activity by an unidentified aircraft over the LF headquarters in Maarab. The LF headquarters also serve as Geagea’s residence.


Geagea’s office also said that the latest phone calls came after the politician made remarks defending President Michel Sleiman against criticism from Hezbollah.


“Geagea is depending on the ministries as well as judicial and security bodies to pursue this dangerous case and urges them to take the necessary measures to identify the perpetrators,” the statement said.


“She stresses that such behavior will never affect her stances on current issues,” it added.



Buffett: Climate change not causing more disasters


Warren Buffett says the rate of disasters that Berkshire Hathaway's insurance companies see hasn't changed because of extreme weather.


Buffett said on CNBC Monday that he hasn't made any change in the way he calculates the likelihood of a catastrophe because of climate change.


Berkshire Hathaway Inc. owns several insurance and reinsurance funds and often has to pay significant claims when natural disasters strike.


Buffett says insuring against hurricanes in the United States has been extremely profitable in the past five years because few storms have made landfall.


Berkshire's chairman and CEO recounted the performance of the Omaha, Neb., based conglomerate in his annual letter Saturday.


Strong insurance results helped Berkshire earn $19.48 billion last year on $182.15 billion revenue. That's up from earnings of $14.82 billion on $162.46 billion revenue in 2012.



UIL Holdings to buy Philadelphia Gas Works


UIL Holdings says it will expand its natural gas business by spending $1.86 billion in cash to buy the operations of Philadelphia Gas Works, which serves about 500,000 customers.


The New Haven, Conn., company said Monday that the deal also will create a more geographically diversified utility holding company, one that serves more than 1.2 million gas and electric customers.


The city-owned Philadelphia Gas Works manages about 6,000 miles of gas mains and service pipes.


The deal still needs approvals from the Philadelphia City Council and the Pennsylvania Public Utility Commission. UIL Holdings Corp. expects to close the deal in the first quarter. The company expects the acquisition to be neutral to earnings at first and then help its bottom line in the long term.


UIL shares closed at $38.72 on Friday.



Car makers pack premium features in small packages


European carmakers are putting their longest ever market slump in the rear view mirror, shifting from survival to revival as they head into the Geneva Auto Show with dozens of car premiers, particularly for small models packed with premium features.


Analysts are projecting growth in new car sales in Europe at anywhere from 2 percent to 4 percent in 2014, the first year of gains since 2007, when sales reached an all-time high of 16 million before getting hit by the financial crisis. But consumer appetite will remain mild, analysts say, until Europe can get economies churning again and unemployment rates down, the only cure to lagging consumer confidence.


"We don't see a fast recovery," said Falk Frey, a senior vice president at Moody's analyst services in Frankfurt. Moody's forecasts a 2 percent growth in car sales this year to just over 13 million, but underlines that will still be 20 percent, or 3 million units, below the 2007 peak.


Some predict the European market will never hit that high again, meaning there will continue to be fierce competition for driver loyalties.


One Geneva Auto Show buzzword is small. Mass carmakers are adding premium design features to their city cars as they fight back against premium carmakers' moving in on their small car territory. Small SUVs continue to be a trend. "Everyone who hasn't come to that party will be coming," said IHS auto analyst Tim Urquhart.


Not that the sports car segment will allow city cars to steal their thunder. Lamborghini, McLaren and Ferrari all have something new to show — and the historic Italian carmaker Ermini Seiottosei is back after a decades-long hiatus.


The Geneva show opens its doors to journalists on Tuesday, and to the public on Thursday. It runs through March 16.


— SMALL SUVS


The market for small SUVs is growing across the globe with young people and downsizing baby-boomers alike attracted to the high drive position, big cargo area and maneuverability. Jeep will offer its new Renegade and Citroen is rolling out the C4 Cactus — a one-time funky concept car which has been given a shot at the roads while promising to revolutionize car interiors.


— PLUG-IN HYBRIDS


Plug-in hybrids promise to be another trend in Geneva.


A regular hybrid pairs a conventional engine with an electric one to increase energy efficiency. Plug-in versions have batteries that don't rely solely on the combustion engines to recharge, but can also be plugged into the power supply — giving the car the ability to make short trips using only its electric power. Volkswagen will be unveiling the Golf GTE, with a range of 31 miles (nearly 50 kilometers) in all-electric mode for a theoretical driving range of 584 miles (939 kilometers) when the full engine is in use.


— SUPER SPORTSCARS


Automobili Lamborghini SpA, a division of Volkswagen AG, is unveiling its Huracan LP 610-4, the successor to its most-successful car ever, the Gallardo, which stopped production in November after a decade. The carbon fiber and aluminum Huracan, which means hurricane and also refers to a bull, the Lamborghini logo, comes with a new gasoline injection system that provides more power with less consumption. McLaren is launching the new 650S, which it boasts is faster than the legendary F1 road car from the 1990s. Ferrari is rolling out the V8 California T convertible, marking the return of turbocharged powertrains. Ermini Seittosei is bringing out a unique numbered car.


— SPIFFY SMALL CARS


European automakers are taking their bread-and-butter small cars to a new level, focusing on fun and styling, not just economy. It's a road already traveled by the Fiat 500, which is offering an updated version. A joint venture between PSA Peugeot Citroen and Toyota results in a trio of small-car premiers on the same platform from the same factory that are helping the automakers achieve better economies of scale: Peugeot 108, Citroen C1 and Toyota Aygo. Renault Twingo gets an update, going for an edgier look.



Petroleum coke storage plan draws opposition


A proposal to store petroleum coke along the Detroit River has drawn opposition from some area residents.


The Michigan Department of Environmental Quality plans a community meeting Wednesday in Wyandotte on the proposal to use a 15-acre site in nearby River Rouge.


Petroleum coke, or petcoke, is a solid byproduct generated by petroleum refineries. It's commonly burned as fuel in cement kilns and power plants.


Petcoke piles along the river in Detroit drew complaints last year and city officials ordered them removed. Detroit Bulk Storage is applying for a DEQ air permit to store and ship petcoke from River Rouge.


Detroit Bulk Storage Vice President Noel Frye tells the Detroit Free Press (http://on.freep.com/NMm7rw ) the company has long used the land for storage. The company says planned steps would prevent pollution.



Businesses resume after Thai protests scaled back


Thailand's political crisis is far from resolved, but Bangkok had at least one reason to breathe a temporary sigh of relief Monday: Major intersections barricaded by the protesters reopened to traffic for the first time in six weeks.


That's good news for businesses — including those that support the demonstrators, and for drivers who have faced blocked roads and traffic even more snarled than usual during the occupation of half a dozen of the capital's major arteries.


"I'm really glad they moved out," said Rattanaporn Intarit, who owns a boutique selling nightgowns and women's clothes at Siam Square, a vibrant commercial and shopping area in the city center. "I don't care why they did it, but I'm just glad they're gone and I hope the economy will be better."


The protesters have struggled unsuccessfully for months to force Prime Minister Yingluck Shinawatra to step down and make way for an unelected council to institute anti-corruption reforms. Sporadic violence has killed 23 people and injured more than 700, and over the last several weeks, protest sites had been attacked almost daily.


On Monday, two grenades were thrown at the Criminal Court's building in northern Bangkok but no one was injured, according to court officials.


So far, the army — which has staged 11 coups since the end of absolute monarchy in 1932 and is seen as sympathetic to the demonstrators — has shown little appetite for intervening. Most believe the real battles will now take place in court.


Yingluck faces several legal challenges that could force her from office, and has to contend with a judiciary which has a record of hostility toward her and her political allies.


Last week, Thailand's anti-graft commission began proceedings to charge Yingluck with negligence for allegedly mishandling a government rice subsidy program. Yingluck could eventually face impeachment by the Senate or criminal charges if the National Anti-Corruption Commission delivers a final ruling against her.


Although protesters are still blocking the roads near Yingluck's office at Government House, and a stretch of road leading to a government office complex in northern Bangkok, they began packing up Sunday to leave several other major intersections.


On Monday, the city center reopened for traffic, with cars and pedestrians moving into areas once barricaded with sandbag walls and steel gates that were patrolled by self-appointed protest guards who searched vehicles and bags of those passing by.


The dwindling number of demonstrators moved their to central Bangkok's Lumpini Park, turning what was once a beautiful urban green space into a sea of tents.


Rattanaporn said the impact from the current round of street demonstrations was "the worst" he had seen since he opened his shop 11 years ago. Thailand's capital has suffered repeated bouts of unrest and mass protests since a 2006 coup ousted Yingluck's brother, former Prime Minister Thaksin Shinawatra.


But Rattanaporn said this time, it would take a while for businesses to recover.


"Customers, especially the foreigners, are not returning yet at this point," he said. "It's going to take some time before it became lively around here again. Still, it feels good to see cars running outside and coming in to Siam Square."


Sri Somdee, 60, who sells school uniforms near MBK, a shopping mall that is popular among both Thais and foreign tourists, said she was "very relieved" protesters were gone.


"I know they are fighting for their cause but they were bringing businesses down with them," he said.


The Bangkok Mass Transit Authority, which operates the public city buses, announced it was resuming normal service on 21 bus routes after having lost 94 million baht ($2.88 million), or about 21 percent of regular revenue since January. Another 20 routes are still disrupted by dotted protest encampments across the city.


On Monday, an alliance of seven private sector organizations, including the Federation of Thai Industries, a major bankers' association and the Tourism Council of Thailand, said they were in favor of negotiations between the protesters and the government in order to end the conflict and the "severe" damage to the economy.


"Should the conflict be prolonged, it would definitely bring about the crisis of confidence among various foreign investors. It would further erode the country's competitiveness and its economic and trade opportunity in the region," the group said in a statement.



Lebanon Army releases photo of ‘dangerous’ man


BEIRUT: The Lebanese Army Monday released a photo of a man suspected of having links to the recent wave of bomb attacks in Lebanon.


In a statement on its website, the Army labeled the suspect who was not identified as “one of the most dangerous wanted” men.


The photo showed a young, curly-haired man, sporting a beard and wearing a military-style jacket over a turtleneck sweater.


The Army urged anyone with information on the suspect to call 1701, use the LAF Shield mobile phone application or contact the nearest military base.


A security source told The Daily Star the suspect is wanted on suspicion of involvement in the recent spate of terrorist attacks and suicide car bombings in Lebanon.



Midwest economic survey index drops slightly


A monthly economic index for nine Midwestern and Plains states has dropped slightly but still suggests growth over the next three to six months.


The overall Mid-America Business Conditions Index fell to 57.4 in February from 57.7 in January.


Looking six months ahead, the business confidence portion of the overall index also dropped last month. It hit a still strong 59.7 in February, compared with 62.2 in January.


The survey results from supply managers are compiled into a collection of indexes ranging from zero to 100. Survey organizers say any score above 50 suggests growth, while a score below that suggests decline.


The survey covers Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.



Buffett says economy continues to grow steadily


Investor Warren Buffett says the economy continues the steady improvement that began in fall of 2009 and he remains optimistic about the future.


Buffett appeared on the business cable channel CNBC Monday morning after releasing an upbeat annual letter to his Berkshire Hathaway shareholders over the weekend. Buffett is chairman and CEO of the Omaha, Neb., conglomerate.


Buffett says the reports he gets from Berkshire's 80-odd subsidiaries in a variety of industries show that the economy is growing at a moderate rate.


He notes that there's been little change in the growth rate since 2009, despite swings in investors' mood.


But Buffett says he doesn't make investment decisions based on the economy. He says he focuses on the prospects of the business in which he's investing, and the price.



Your favorite store may be tracking you while you shop


Signals emitted by your smartphone leave a digital trail that retailers can follow to find out how long you lingered in front of a sales rack or languished in a checkout line.


A growing number of mobile analytics companies use the Bluetooth and Wi-Fi beacons broadcast by smartphones to help retailers monitor customers’ movements in shopping centers, casinos, restaurants, hotels and airports.


One such company, iInside of Yorba Linda, Calif., boasts on its website that its sensors can pinpoint a customer’s location within a single meter of floor space.


On a larger scale, mobile carriers such as Sprint, AT&T and Verizon also use location data gleaned from cell towers to send ads for nearby businesses to customers’ phones, for example, or to prepare marketing reports on how many subscribers visit a city’s football stadium – and what kinds of apps they use during the game.


Proponents of the technology say the data gathered helps brick-and-mortar retailers compete with online rivals by personalizing and streamlining the customer experience. But consumer advocates warn that the mobile tracking trend underscores the need for stronger privacy laws. Federal regulators are taking a closer look at the practice.


“Our understanding is that in many cases this is basically invisible to consumers, so we want to look at whether retailers or the companies they’re using are notifying customers of what’s going on,” said Amanda Koulousias, a staff attorney with the Federal Trade Commission, which recently hosted a seminar on mobile tracking in Washington.


Businesses that collect and sell mobile location data are eager to demonstrate that they’re capable of self-regulation. In a move timed to coincide with the FTC’s seminar, the Future of Privacy Forum, a research center in Washington, announced the creation of a website (http://bit.ly/1ojqplF) that allows consumers to opt out of having their locations mapped by participating companies, including iInside, the California firm.


The same group of companies signed a voluntary code of conduct, agreeing to collect only “depersonalized” location information unless customers give consent, and to alert customers to the use of tracking technologies by promoting the use of data collection signs in stores.


“At the end of the day I think market forces prevail, and those retailers and other businesses that violate the trust of their consumers will be punished by the marketplace more than anything else,” said Jim Riesenbach, the chief executive officer of iInside, who was a panelist at the FTC seminar.


Riesenbach pointed out in an interview that surveillance in stores is nothing new, although mobile technology allows retailers to analyze customer behavior in greater detail than ever before.


“There have been camera systems in stores for many years, not only for surveillance standpoint but also from a traffic-counting standpoint,” he said. “There’s systems in stores that allow retailers to check how many people walk in the door and how many people walk out the door and things like that, and so what we’re doing is taking that to a much more granular level.”


Here’s how it works: Riesenbach’s company sets up sensors in clients’ stores. The sensors pick up probes emitted about every 60 seconds from Wi-Fi-enabled smartphones, and continuously by Bluetooth-enabled smartphones. The probes include a 12-digit code, known as a MAC address, which is unique to each phone.


Using a scrambled version of the MAC address, the sensors can monitor how long a customer waited for a cash register, which aisles the customer browsed and how many times that customer returned to a store or visited different stores in the same chain.


The data compiled don’t include personally identifiable information such as users’ names or addresses. In that sense, proponents say, it’s similar to a real-time traffic map that shows cars identified by license plates or vehicle identification numbers but not by drivers.


More retailers are quietly testing the technology. The number of stores that installed iInside’s sensors grew eightfold last year. Riesenbach declined to identify any of his company’s clients, however.


His reticence speaks to the sensitivity of mobile tracking, as businesses try to take advantage of the new technology without alienating customers.


“Our clients are basically private about what they are doing,” he said. “They don’t know how it’s going to be reported; they’re worried that things can be taken out of context.”


Sprint also declined to identify clients who use its mobile advertising or analytics programs, which launched in 2012.


The carrier uses only anonymous, aggregated data, and it protects subscribers’ privacy by allowing them to opt into personalized mobile advertising or opt out of mobile analytics reports, said a corporate spokeswoman, Stephanie Walsh. Users are notified of their choices by text message, on bills and via Sprint’s website.


“Before I’m a businessperson, I’m a human, and I care very much about my privacy and how my data is used,” said Evan Conway, vice president of strategy for Pinsight Media+, a Sprint subsidiary that handles mobile media projects for the carrier.


“Frankly, we are so much more careful than any of the experiences that people are used to online,” Conway said. “If you look at the online world, they’re busy dropping cookies all over your computer, sharing where you’re going with whoever is interested. That’s kind of diametrically opposed to the whole approach that Sprint takes.”


While it’s commendable that some companies limit the ways they use tracking, the barriers to entry are very low and the temptations are great, said Seth Schoen, senior staff technologist for the Electronic Frontier Foundation, a digital civil liberties group.


“Anyone can set up location tracking sensors at any time. You don’t need more sophisticated hardware than a regular laptop,” Schoen said.


There’s very little consumers can do to protect themselves other than disabling Wi-Fi and Bluetooth on their phones or turning them off completely, he said.


The fact that mobile devices are easily trackable is a fundamental security problem, Schoen said.


“Mobile phones were nominally built to enable communications at the user’s request, and for what are sometimes obscure technical reasons and unintended consequences of engineering decisions, they’re effectively shouting into the radio spectrum to announce the user’s presence all day long,” he said.


“So I think we have to articulate that that state of affairs isn’t what users want, it isn’t something they mostly are aware of and it’s something that needs to be fixed.”