Canada seen needing to spell out rules for natural gas projects
















CALGARY, Alberta (Reuters) – The fate of a handful of liquefied natural gas projects planned for Canada’s Pacific coast may depend on the Canadian government‘s willingness to spell out rules for foreign investment in the country’s energy sector, according to a study released on Thursday.


Apache Corp, Royal Dutch Shell Plc, Petronas, BG Group Plc and others are in the planning stages for LNG projects that would take gas from the rich shale fields of northeastern British Columbia and ship it to Asian buyers.













But the federal government’s decision last month to stall the C$ 5.2 billion ($ 5.2 billion) bid by Malaysia’s state-owned Petronas C$ 5.2 billion for Canada‘s Progress Energy Resources Corp could lessen the appetite of Asian buyers for Canadian LNG, energy consultants Wood Mackenzie said.


“Some potential off-takers of Canadian LNG like the idea … because it’s perceived as having low political risk, and another reason is because they see the potential for investment opportunities,” said Noel Tomnay, head of global gas at the consultancy.


“If there are going to be restrictions on how they access those opportunities, if acquisitions are closed to them, then clearly that would restrict the attractiveness of those opportunities. If would-be Asian investors thought that corporate acquisitions were an avenue that was not open to them then Canadian LNG would become less attractive.”


The Canadian government is looking to come up with rules governing corporate acquisitions by state-owned companies and has pushed off a decision on the Petronas bid as it considers whether to approve the $ 15.1 billion offer for Nexen Inc from China’s CNOOC Ltd.


Exporting LNG to Asia is seen as a way to boost returns for natural-gas producers tapping the Montney, Horn River and Liard Basin shale regions of northeastern British Columbia.


Though Wood Mackenzie estimates the fields contain as much as 280 trillion cubic feet of gas, they are far from Canada’s traditional U.S. export market, while growing supplies from American shale regions have cut into Canadian shipments.


Because the region lacks infrastructure, developing the resource will be expensive, requiring new pipelines and multibillion-dollar liquefaction.


Still Wood Mackenzie estimates that the cost of delivery into Asian markets for Canadian LNG would be in the range of $ 10 million to $ 12 per million British thermal units, similar to competing projects in the United States and East Africa.


($ 1 = $ 1.00 Canadian)


(Reporting by Scott Haggett; Editing by Leslie Adler)


Canada News Headlines – Yahoo! News



Read More..

Malaysian charged with Facebook insult of sultan
















KUALA LUMPUR, Malaysia (AP) — The sister of a Malaysian man who has been charged with insulting a state sultan on Facebook said Friday that he is innocent and will lodge a complaint over his detention.


Anisa Abdul Jalil said her brother Ahmad Abdul Jalil was charged Thursday with making offensive postings on Facebook last month. But she said there is no evidence linking Ahmad to the posts in question, which were made by someone using the name “Zul Yahaya.”













“This is ridiculous as they have failed to build a case against him. We are very angry. It is a dirty game and an abuse of power, an abuse of the court process,” Anisa told the Associated Press.


Ahmad was freed on bail Thursday after six days of detention, during which he was denied access to lawyers and family members.


Anisa said Ahmad told the family that police tried to force a confession from him but he stood firm. She said Ahmad will file a complaint with police for unlawful detention and intimidation.


Defense lawyer Fadiah Nadwa Fitri said they would appeal to throw out the charges against Ahmad when the case is next heard Nov. 28.


The posts in question were directed at Sultan Ibrahim Iskandar of southern Johor state. Fadiah said that according to the charge sheet, the postings likened the sultan’s skin and behavior to that of a pig, which is viewed as a dirty animal in Islam.


“The charges are unfounded. Ahmad is vocal and is critical about political matter but he didn’t write the postings. It seems that Ahmad is being prosecuted for exercising his rights,” Fadiah said. Ahmad faces up to a year in jail if convicted, she added.


Nine Malaysian states have sultans and other royal figures. Though their roles are largely ceremonial, they command wide respect after centuries of hereditary rule.


Under Malaysian law, acts that provoke hatred against royal rulers are considered seditious. Only a few people have been charged with the crime in recent years.


Social Media News Headlines – Yahoo! News



Read More..

Obama hails veterans, pledges continued support
















ARLINGTON, Virginia (Reuters) – President Barack Obama laid a wreath at the Tomb of the Unknown Soldier to mark the Veterans Day holiday on Sunday, declaring that soldiers‘ needs would be met even as the country winds down wars in the Middle East and Asia.


In the ceremony at Arlington National Cemetery, Obama pledged continuing support for veterans as they make the transition to civilian life.













“This is the first Veterans Day in a decade in which there are no American troops fighting and dying in Iraq,” the president said at the cemetery across the Potomac River from Washington, where soldiers’ graves are marked with row upon row of simple white stones.


“After a decade of war, our heroes are coming home,” he said. “Over the next few years more than a million service members will transition back to civilian life.”


The president touted the work of first lady Michelle Obama and Jill Biden, wife of Vice President Joe Biden, for their work in the Joining Forces campaign, which urges businesses to hire veterans. He also reaffirmed his commitment to continuing the post-9/11 GI Bill program, which provides college education funding for those who have served, and said soldiers suffering war-related health problems will get the care they need.


“No one who fights for this country overseas should ever have to fight for a job, or a roof over their head, or the care that they have earned when they come home,” he said.


After the ceremony, Obama visited with people in an area of the cemetery known as Section 60, where many of the solders who died in the Iraq and Afghanistan wars are buried.


The Democratic president won re-election to a second four-year term on Tuesday and now faces tough negotiations with Republican congressional leaders to avoid sharp spending cuts that loom at the end of the year. A big chunk of those reductions would come through a decline in defense spending.


During the campaign, Obama and Biden regularly pledged their commitment to bringing troops home from Afghanistan and taking care of American veterans. Obama criticized his opponent, Republican Mitt Romney, for failing to mention the war in Afghanistan during his speech to the Republican National Convention.


(Reporting by Samson Reiny, writing by Mark Felsenthal; Editing by Doina Chiacu)


Health News Headlines – Yahoo! News



Read More..

At China party congress, allegiance trumps reform
















BEIJING (Reuters) – As the senior Communist Party official in one of China‘s most prosperous regions, Wang Yang is often cast as an agent of change, a potential force for economic and even political reform should he gain promotion to the party’s highest rung later this week.


But the chief of the southern province of Guangdong appears to be distancing himself from that role while attending the party congress that will usher in China’s once-in-a-decade top leadership transition.













When Wang spoke to reporters on Friday, he stuck to a well rehearsed script that could have come from any apparatchik.


“Because China has taken the strategic choice of reform and opening up, every member of the Chinese Communist Party, including myself, is a reformist – or else there would be no today,” he told reporters.


“We will follow the themes of the 18th party congress to push for reform,” he said. “As for the next steps for reform, General Secretary Hu Jintao has already clearly stated those, so I won’t recite the report for you.”


China’s twice-a-decade party conclave, at which high ranking officials make speeches and hold rare press conferences, is providing a lesson into just how tightly the senior leadership controls the message it wants both the Chinese people and the outside world to hear.


At his speech at the opening of the congress on Thursday, outgoing President Hu spoke of the need for both political and economic reform, but stressed the Communist Party must remain in charge.


Everyone else has since read from the same script, evidence, political analysts said, that the party’s over-arching goal remains the same: maintaining its tight grip on power.


Wang Yang, a Hu protégé, now appears to be a long shot to ascend to the Politburo Standing Committee. Likely to consist of just seven members, the body will steer the world’s second-largest economy for the next five years.


Seen by many in the West as a beacon of political change, Wang lobbied for reform in Guangdong out of concern about the social impact of three decades of blistering development.


However, this approach drew criticism from party conservatives and Wang has more recently adopted the party’s more familiar method of control and punishment to keep order.


But Wang would not have even made it as far as he has without expressing fealty to a party that brooks little dissent and no challenge to its rule.


“In the Chinese context he is a reformer, but that only takes you so far,” said Tony Saich, a China expert at Harvard’s Kennedy School of Government.


“The bottom line is all these people at heart are loyal Communist Party members, and most of the reforms that they see as being effective are all geared to ensuring the Communist Party’s continued rule.”


MARXIST RADIANCE


The only two certainties on the standing committee to be unveiled on Thursday are Xi Jinping, Hu’s anointed successor, and Li Keqiang, tipped to be the next Premier. Both are considered at best cautious reformers.


One man who will probably make it onto the standing committee has a very different reputation that does not bode well for reform — the dour, conservative North Korea-trained economist Vice Premier Zhang Dejiang.


Zhang, 65, saw his chances of promotion boosted this year when he was chosen to replace disgraced politician Bo Xilai as party boss of the southwestern city of Chongqing.


Zhang’s appearance in front of almost 100 reporters was marked by a grave 25-minute speech in which he essentially repeated Hu’s opening address to the congress, with the turgid and repeated use of Communist terminology.


“The whole report shone a light on the radiance of Marxism,” Zhang said. “The entire report from start to finish showed that we must unswervingly follow the path of socialism with Chinese characteristics.”


Yu Zhengsheng, Shanghai’s party boss, is also viewed as a contender for promotion, and considered at least open to reform by virtue of running China’s financial hub and most cosmopolitan city.


But Yu was mostly silent during an open “discussion” session of Hu’s speech. When he finally answered a reporter’s question on what he thought the most urgent political reform China needed to undertake, Yu was extremely cautious.


“Comrade Jintao’s report raised paying more attention to making improvements to the way the party leads and guides the way, paying more attention to the building of democratic politics, paying more attention to the construction of rule of law,” he said.


“These are the main points and direction of political system reform in the future. Done. Thank you.”


ANOTHER INDICATOR


Yu and Zhang did at least appear in front of the foreign media. Li Yuanchao, widely viewed as a reform-minded candidate for promotion, did not. Li, 61, oversees the appointment of senior party, government, military and state-owned enterprise officials as head of the party’s powerful organisation department.


He has courted foreign investment and studied in the United States. Analysts are closely watching what happens to him this week as a sign of which way China’s new leadership is likely headed.


“A much better indicator for reform will be (Li’s) fate. He has implemented some political and administrative changes that were pretty radical by China’s standards, and advocated for even more serious reform,” said Duncan Innes-Ker, senior China analyst for the Economist Intelligence Unit.


Even if Li or Wang Yang don’t make it onto the standing committee this time, they are, by Chinese standards, young enough that they may make the grade at the next congress in five years time, when the likes of Zhang and Yu will have to retire.


“My understanding is that (Li’s) going to be made vice president and that gives him a status which is superior to the other regular politburo members, with an unconfirmed promise that he’ll get in next in five years time,” said Saich, the expert at Harvard, of Li Yuanchao.


“I think the understanding is that Wang Yang has a good shot in five years’ time as well.”


(Additional reporting by Sui-Lee Wee; Reporting by Raju Gopalakrishnan)


Economy News Headlines – Yahoo! News



Read More..

BBC must reform or die, says Trust chairman
















LONDON (Reuters) – The BBC could be doomed unless it makes radical changes, the head of its governing trust said on Sunday, after its director general quit to take the blame for the airing of false child sex abuse allegations against a former politician.


Chris Patten, chairman of the BBC Trust, said confidence had to be restored if the publicly funded corporation was to withstand pressure from rivals, especially Rupert Murdoch‘s media empire, which would try to take advantage of the turmoil.













“If you’re saying, ‘Does the BBC need a thorough structural radical overhaul?’, then absolutely it does, and that is what we will have to do,” Patten, a one-time senior figure in Prime Minister David Cameron‘s Conservative Party and the last British governor of Hong Kong, told BBC television.


“The basis for the BBC’s position in this country is the trust that people have in it,” Patten said. “If the BBC loses that, it’s over.”


George Entwistle resigned as director general on Saturday, just two months into the job, to take responsibility for the child sex allegation on the flagship news programme Newsnight.


The witness in the report, who says he suffered sexual abuse at a care home in the late 1970s, said on Friday he had misidentified the politician, Alistair McAlpine. Newsnight admitted it had not shown the witness a picture of McAlpine, or approached McAlpine for comment before going to air.


Already under pressure after revelations that a long-time star presenter, the late Jimmy Savile, was a paedophile, Entwistle conceded on the BBC morning news that he had not known – or asked – who the alleged abuser was until the name appeared in social media.


The BBC, celebrating its 90th anniversary, is affectionately known in Britain as “Auntie”, and respected around much of the world.


But with 22,000 staff working at eight national TV channels, 50 radio stations and an extensive Internet operation, critics say it is hampered by a complex and overly bureaucratic and hierarchical management structure.


THOMPSON’S LEGACY


Journalists said this had become worse under Entwistle’s predecessor Mark Thompson, who took over in the wake of the last major crisis to hit the corporation and is set to become chief executive of the New York Times Co on Monday.


In that instance, both director general and chairman were forced out after the BBC was castigated by a public inquiry over a report alleging government impropriety in the fevered build up to war in Iraq, leading to major organisational changes.


One of the BBC’s most prominent figures, Newsnight presenter Jeremy Paxman, said since the Iraq report furore, management had become bloated while cash had been cut from programme budgets.


“He (Entwistle) has been brought low by cowards and incompetents,” Paxman said in a statement, echoing a widely-held view that Entwistle was a good man who had been let down by his senior staff.


Prime Minister Cameron appeared ready to give the BBC the benefit of the doubt, believing that “one of the great institutions of this country” could reform and deal with its failings, according to sources in his office.


Patten, who must find a new director general to sort out the mess, agreed that management structures had proved inadequate.


“Apparently decisions about the programme went up through every damned layer of BBC management, bureaucracy, legal checks – and still emerged,” he said.


“One of the jokes I made, and actually it wasn’t all that funny, when I came to the BBC … was that there were more senior leaders in the BBC then there were in the Chinese Communist Party.”


Patten ruled out resigning himself but other senior jobs are expected to be on the line, while BBC supporters fear investigative journalism will be scaled back. He said he expected to name Entwistle’s successor in weeks, not months.


Among the immediate challenges are threats of litigation.


McAlpine, a close ally of former prime minister Margaret Thatcher, has indicated he will sue for damages.


Claims for compensation are also likely from victims who say Savile, one of the most recognisable personalities on British television in the 1960s, 70s and 80s, sexually abused them as children, sometimes on BBC premises.


INQUIRIES


Two inquiries are already under way, looking at failures at Newsnight and allegations relating to Savile, both of which could make uncomfortable reading for senior figures.


Police have also launched a major inquiry into Savile’s crimes and victims’ allegations of a high-profile paedophile ring. Detectives said they had arrested their third suspect on Sunday, a man in his 70s from Cambridgeshire in central England.


Funded by an annual licence fee levied on all TV viewers, the BBC has long been resented by its commercial rivals, who argue it has an unfair advantage and distorts the market.


Murdoch’s Sun tabloid gleefully reported Entwistle’s departure with the headline “Bye Bye Chump” and Patten said News Corp and others would put the boot in, happy to deflect attention after a phone-hacking scandal put the newspaper industry under intense and painful scrutiny.


He said that “one or two newspapers, Mr. Murdoch’s papers” would love to see the BBC lose its national status, “but I think the great British public doesn’t want to see that happen”.


Murdoch himself was watching from afar.


“BBC getting into deeper mess. After Savile scandal, now prominent news program falsely names senior pol as paedophile,” he wrote on his Twitter website on Saturday.


It is not just the BBC and the likes of Entwistle and Patten who are in the spotlight.


Thompson, whom Entwistle succeeded in mid-September, has also faced questions from staff at the New York Times over whether he is still the right person to take one of the biggest jobs in American newspaper publishing.


Britain’s Murdoch-owned Sunday Times queried how Thompson could have been unaware of claims about Savile during his tenure at the BBC as he had told British lawmakers, saying his lawyers had written to the paper addressing the allegations in early September, while he was still director general.


(Editing by Kevin Liffey and Sophie Hares)


Europe News Headlines – Yahoo! News



Read More..

Steam for Linux Launches Its Beta; 60,000 Sign Up in First Week
















The creators of Portal, Team Fortress 2, and a ton of other AAA titles announced a few months ago that they were planning to bring their Steam digital distribution service to Linux. It’s basically an app store just for games, and it’s one of the most popular places to buy games for PC or Mac. Now the first wave of outside beta testers has been accepted, and gamers are buying and playing Steam games — including Valve’s — on Linux.


Buy why Linux?













Gabe Newell, Steam’s co-founder, isn’t optimistic about Steam’s future on Microsoft’s new version of Windows, Windows 8. In an interview with VentureBeat, he called it “a catastrophe for everyone” who works with PCs, and said that “margins are going to be destroyed” and they should “have alternatives to hedge against that.”


Why is Windows 8 a “catastrophe?”


From Newell’s perspective, one big reason is probably the new Windows Store. Both Windows 8 and OS X (on Macs) now have built-in app stores, which threaten to make Steam redundant. That’s because you have to go out of your way to install Steam and buy games from them, whereas on Windows 8 and OS X you can just click a button to buy from their stores.


Isn’t Valve unlikely to sell many games on Linux?


You’d think! Linux has always been pretty obscure, and there haven’t been comparatively many brand-name games or apps made for it.


A Linux OS called Ubuntu, however, has made it a lot more attractive to developers, by making Linux more popular and easier to use. Since then, the Humble Indie Bundle made pretty much all of its games run on Linux, and its publicly available sales figures show that a big chunk of its profits come from Linux gamers.


Newell said in the interview that “we’re trying to make sure that Linux thrives.” Valve is staking its reputation on helping make Linux a world-class gaming platform, and it’s been at this for longer than most people probably realize.


How many people would actually use Steam on Linux, though?


Well, as of right now more than 60,000 people have signed up to test out the beta. Not all of them have been accepted yet, but in true Linux fashion some of the ones who haven’t been accepted have figured out how to get in anyway (which may or may not violate Valve’s terms of service).


But what games are there? Aren’t they all Mac and Windows games?


A lot of the games on Steam already have Linux versions, thanks to the Humble Indie Bundle (which gives out Steam keys for all of its games). Meanwhile, Valve’s been working behind the scenes for awhile now to bring the Source engine, which powers many of its games, to Linux. There’s already an official Linux version of Team Fortress 2, Valve’s free-to-play multiplayer first-person shooter, and there are 25 titles in all which are supported for the Linux beta right now.


More games will almost definitely be available soon, as the title Valve’s internal testers were using to work out the bugs in the Steam client — Left 4 Dead 2 — hasn’t appeared in their Linux store yet. And, for the record? It ran faster on Linux than on Windows 7.


Jared Spurbeck is an open-source software enthusiast, who uses an Android phone and an Ubuntu laptop PC. He has been writing about technology and electronics since 2008.


Linux/Open Source News Headlines – Yahoo! News



Read More..

“Hunger Games” star Jennifer Lawrence will not diet for role
















LOS ANGELES (Reuters) – “The Hunger Games” star Jennifer Lawrence will not be dieting for a role any time soon.


Lawrence, 22, who plays the famished Katniss Everdeen in the life-or-death thriller series, told Elle magazine in an interview to be published on November 13 that dropping a few pounds will not be part of her script.













“I’m never going to starve myself for a part,” Lawrence said, a view out of step with many in diet-obsessed Hollywood.


Lawrence’s figure in “The Hunger Games” raised eyebrows of some critics, who believed the actress looked a little too healthy for a character struggling to eat.


“I don’t want little girls to be like, ‘Oh, I want to look like Katniss, so I’m going to skip dinner,” Lawrence said. “That’s something I was really conscious of during training…I was trying to get my body to look fit and strong – not thin and underfed.”


Suffering for a role by rapidly losing or gaining weight is part of Hollywood lore.


Natalie Portman was applauded for dropping some 20 pounds for her Oscar-winning role as a ballerina in 2010′s “Black Swan”. Likewise Robert De Niro nabbed an Oscar after packing on 60 extra pounds in 1980 boxing film “Raging Bull”.


Lawrence’s figure did not hurt the first installment of the “The Hunger Games” series, which was released in March and has grossed some $ 670 million worldwide. The actress has signed on for three sequels.


(Reporting By Jill Serjeant; Editing by David Gregorio)


Movies News Headlines – Yahoo! News



Read More..

Vatican vows to fight gay marriage after gains in U.S., Europe
















VATICAN CITY (Reuters) – The Vatican, reacting to strong gains for gay marriage in the United States and Europe, on Saturday pledged never to stop fighting attempts to “erase” the privileged role of heterosexual marriage, which it called it “an achievement of civilization”.


For the second consecutive day, Vatican media weighed in with forceful editorials restating the Roman Catholic Church‘s unequivocal opposition.













“It is clear that in Western countries there is a widespread tendency to modify the classic vision of marriage between a man and woman, or rather to try to give it up, erasing its specific and privileged legal recognition compared to other forms of union,” Father Federico Lombardi, said in a tough editorial on Vatican Radio.


Voters in the U.S. states of Maryland, Maine and Washington state approved same-sex marriage on Tuesday, marking the first time marriage rights have been extended to same-sex couples by popular vote.


Same-sex unions have been legalized in six states and the District of Columbia by lawmakers or courts.


Lombardi’s editorial on Vatican Radio, which is broadcast around the world in some 30 languages, called the votes myopic, saying “the logic of it cannot have a far-sighted outlook for the common good”.


Lombardi, who is also the Vatican’s chief spokesman as well as director of Vatican Radio and Vatican Television, said there was “public acknowledgement” that “monogamous marriage between a man and woman is an achievement of civilization”.


WHY NOT POLYGAMY?


“If not, why not contemplate also freely chosen polygamy and, of course, not to discriminate, polyandry?” he said.


Polyandry is when a woman has more than one husband.


The Catholic Church teaches that homosexuality is not a sin but homosexual acts are. It says the rights of homosexuals should be guaranteed but that their unions should not be recognized as equal to heterosexuals and they should not be allowed to adopt children.


The constitutionality of restricting marriage to unions between a man and a woman is widely expected to be taken up by the U.S. Supreme Court soon.


The powerful U.S. Catholic Bishops conference, which is already at odds with the administration of President Barack Obama because its health care law obliges most employers to cover contraception, is expected to take a lead in trying to influence the court’s decision.


Earlier this week, Spain’s highest court upheld a gay marriage law, and in France the socialist government has unveiled a draft law that would allow gay marriage.


An editorial in Friday’s edition of the Vatican newspaper, L’Osservatore Romano, said local Catholic Churches in many countries around the world were “the sentinels of religious freedom” for opposing gay marriage.


It called support for gay marriage “an ideology founded on political correctness which is invading every culture of the world”.


“The Church is the only institution to say that, while persecuting homosexuals in undoubtedly unjust, opposing marriage between people of the same sex is a point of view that must be respected,” the Vatican newspaper editorial said.


(Reporting By Philip Pullella; Editing by Sophie Hares)


Health News Headlines – Yahoo! News



Read More..

Goldman in settlement talks with U.S. over trading loss
















(Reuters) – Goldman Sachs Group Inc is in settlement talks with the U.S. government over an $ 8.3 billion position that one of the investment bank’s traders had concealed five years ago, according to a published report.


The Financial Times said a settlement with the U.S. Commodity Futures Trading Commission, which regulates U.S. futures and options markets, is expected in the coming weeks, citing two sources familiar with the plans.













Goldman declined to comment and the CFTC could not be reached for comment.


The planned settlement follows Thursday’s announcement from the regulator that accused ex-Goldman trader Matthew Marshall Taylor of hiding a large position in S&P 500 e-mini futures contracts. Taylor has denied the accusations, his lawyer said on Thursday.


(Reporting by Debra Sherman; Editing by Jackie Frank)


Business News Headlines – Yahoo! News



Read More..

Twin explosions strike southern Syrian city
















BEIRUT (AP) — Syria‘s state-run news agency says two large explosions have struck the southern city of Daraa, causing multiple casualties and heavy material damage.


SANA did not immediately give further information or say what the target of Saturday’s explosions was.













The Britain-based Syrian Observatory for Human Rights says the blasts went off near a branch of the country’s Military Intelligence in Daraa.


The Observatory, which relies on a network of activists on the ground, says the explosions were followed by clashes between regime forces and rebels fighting to topple President Bashar Assad.


Middle East News Headlines – Yahoo! News



Read More..