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Virginia Tech mom: Ignore gun lobby

Labels: World

Newtown funerals: A community says goodbye

STORY HIGHLIGHTS

Lori Haas: The magnitude of the Newtown shooting shocked me

Haas: It reminds me of when my daughter was injured in the Virginia Tech shooting

She says our elected leaders have abandoned all sense of right and wrong

Haas: How many victims would be alive today if leaders took their responsibilities to heart?

Editor's note: Lori Haas lives in Richmond, Virginia. After her daughter Emily was shot and injured at the Virginia Tech massacre, she became involved in gun violence prevention efforts, working for the Coalition to Stop Gun Violence and Mayors Against Illegal Guns.

(CNN) -- Sitting in front of the TV on Friday, I watched in horror as the death toll climbed with each news report coming in on the mass shooting in an elementary school in Newtown, Connecticut. The magnitude of the shooting shocked me.

It also took me back to five years ago, when I received a phone call on a blustery April morning that changed my life forever. I was out shopping, and my cell phone had rung several times, but I had chosen to ignore the calls. Luckily, I answered the third call, which came in at 10:38 a.m. My daughter Emily, then a sophomore at Virginia Tech, was on the phone. She said, "Mommy, I've been shot."

Clutching the phone, my knees buckling, I tried to make sense of what I was hearing. Emily quickly handed the phone to the EMT who had triaged her and was waiting with her for an ambulance. The EMT assured me that Emily was going to be fine, that there were very seriously wounded students that needed to be transported immediately and she was waiting with Emily for the next ambulance. She also shared that the situation on campus was "very bad."

Lori Haas

The world soon knew how bad it was. The incident at Virginia Tech on April 16, 2007, remains the worst mass shooting in U.S. history in terms of casualties. Thirty-two students and school staff were killed that morning by a dangerously mentally ill student with guns, including high-capacity magazines. The killer should have been prevented from purchasing firearms, but when he purchased his weapons, his mental health records were not in the FBI database against which background checks are run. He used 30-round magazines, which had been outlawed up until 2004, when Congress let the Assault Weapons Ban expire.

We were one of the lucky families -- our daughter survived, when so many others did not. Eleven of the 17 students in her classroom were killed, along with her professor. A classmate dialed 911 when they first heard the shooter, but dropped his cell phone when almost immediately, the killer burst into the classroom and began spraying bullets at everyone. Emily reached over and picked up the phone and kept the dispatcher on the phone during the entire ordeal by hiding the phone. Law enforcement repeatedly told me how brave Emily was to keep them on the line.

Law enforcement has also told me that the single most effective thing we can do to prevent gun violence would be to require all purchasers for all gun sales to undergo a background check. Then-Gov. Tim Kaine appointed a panel of experts to investigate all aspects of the massacre and report back their recommendations. Recommendation VI-2 stated, "Virginia should require background checks for all firearms sales." Sadly, that hasn't happened, and gun deaths now outpace motor vehicle deaths in my state.

America has witnessed mass shooting tragedies grow in frequency in the last five years to the point that, according to one report, there have been 16 mass shootings between February 22, 2012, and December 14, 2012, leaving over 80 dead and many injured. I can't help but ache with sorrow, anguish and concern for all those families suffering the sheer agony that I saw the families of the 32 killed at Virginia Tech suffer.

And I can't help but be angered at the cowardly behavior from our elected leaders. They have abandoned all sense of right and wrong, despite epidemic deaths from guns, and ignored their duty not only to keep our communities safe from gun violence, but to keep our children safe as well.

When I think of those killed -- over 60,000 Americans have been murdered with guns since the shooting at Virginia Tech -- I have to wonder how many might be alive today if our elected leaders had taken to heart their responsibilities.

Why is it that our elected leaders have not only ignored the pleas of survivors and family members of victims of gun violence, but those of our public safety officials -- police and law enforcement officers who put their lives on the line day in and day out -- only to listen to the gun lobby when determining public safety policy? What sense can that make when the gun lobby's sole purpose is to sell as many firearms as possible to make as much money as possible?

We have come to a time when many say the unimaginable has happened again -- the mass shooting in the Newtown school where 26 people were killed, including 20 children. It is sheer senselessness. My heart goes out with the utmost compassion to the families suffering so terribly from Friday's massacre.

For those whose loved ones have been killed, there is no real closure; there are permanent holes in their hearts. Time may lend a helping hand to healing, but their lives have been changed irrevocably. As my friend Lynnette, whose son was murdered in the Virginia Tech shooting, laments, "There is no ending to the heartache." I am brought to tears thinking of all we have seen, all we have not done and all we have let die.

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The opinions expressed in this commentary are solely those of Lori Haas.

Nature no excuse for cheating, says Chris Wang

Labels: Technology

SINGAPORE: Is it in men's nature to cheat?

Taiwan actor Chris Wang thinks so.

"The Fierce Wife" star said he came to this conclusion after reading up on the topic and observing similar cheating behaviour among males of other animal species, during his travels as the host of an adventure programme.

However, he stressed that this doesn't make it okay for men to betray their partners.

"I think this isn't a valid excuse. You have to respect her views, know her pain and the source of her tears.

"You can't be selfish," Wang told reporters, during a recent visit to Singapore with his "Love Me Or Leave Me" co-star Tiffany Hsu, to promote the drama.

Hsu, who plays a woman that hires another to test her lover's (played by Wang) fidelity in the drama, had rather different views on the topic.

"I don't think cheating is in men's nature," said the actress, pointing out that both men and women stray because "everyone wants new experiences".

"It's just that women can stay in a stale relationship for a longer time, but men really love to have lots of interactions with different people."

Hsu believed that both parties in a relationship need to work together to create new experiences for one another, in order to make it less likely that their partner will cheat.

-CNA/ha

Report details final minutes for ambassador, 3 others

Labels: Lifestyle

STORY HIGHLIGHTS

U.S. Ambassador Chris Stevens was killed in September of this year

He was the first U.S. ambassador murdered since 1988

Along with Stevens, three other Americans were killed

(CNN) -- They were in hiding in a place security officers called a "safe area." It was anything but.

Outside an angry crowd grew, gunfire rang out and a fire blazed.

Thick smoke blinded the three trapped men. The intruders banged on the fortified safety gate of the bunker-like villa.

A security officer handed his cell phone to Ambassador Chris Stevens. Prepare for the mob to blast open the locks of the safety gate, the officer said.

Attack on the U.S. Consulate in Libya

HIDE CAPTION

It was a little before 10 at night on September 11, 2012. And time was running out for Stevens.

Vivid new details of the attack on the U.S. Consulate in Benghazi, Libya, were released Tuesday night by a federal committee trying to come to grips with the violence that led to the first murder of a U.S. ambassador since 1988 and the deaths of three other Americans.

The report spoke of grossly inadequate security, an issue that Stevens had complained about well before September 11.

Inquiry cites 'failures' at State Department

The brief phone call

Instead of blasting their way into the villa, the crowd retreated for some reason. But the fire still blazed.

Stevens used the cell phone to try to alert others about the attack.

Struggling to see, choked by smoke, he dialed.

He may have wanted to tell embassy officials in Tripoli that he and the small security detail at that 13-acre compound were in big trouble.

They were outmanned, outgunned. The militants had doused a large area with diesel fuel and started a hideous fire.

He may have wanted to say that he was trapped in a building they called Villa C with a security officer, and Foreign Service Information Management Officer Sean Smith.

They had to flee to the villa after intruders stormed the walled-in consulate compound armed with machine guns and rocket-propelled grenades.

But in that 9:50 p.m. phone call, Stevens could only tell the U.S. deputy chief of the mission in Tripoli that they were under attack.

The call promptly dropped.

Warning signs

Though fierce and sudden, the attack may not have been surprising for some.

U.S. diplomats who worked in Libya, a country struggling to form a government after overthrowing longtime dictator Moammar Ghadafi, had repeatedly asked for more security.

American officials, for the most part, were well-received in Libya, where many locals were grateful for the help the United States provided in overthrowing Ghadafi.

But danger remained.

There were still many Ghadafi loyalists, there was easy access to guns and the new fledgling government was having a difficult time maintaining security.

On June 1, a car bomb exploded outside a hotel in Tripoli where Stevens was staying.

The same month, Stevens had to move with his security team from the hotel because of a "credible' threat.

On June 6, a roadside bomb exploded near the U.S. compound in Benghazi, hurting no one but blasting a large hole in a wall of the compound.

The threats continued for U.S. officials and diplomats from other countries -- but security staffing remained unchanged.

The ambassador is missing

But now, there was no time to fret about woeful security.

Black smoke was filling up the safe area.

Stevens, Smith and the security officer crawled to a bathroom, hoping to open a window.

The security officer placed towels under the bathroom door and flung open the panes.

It made things worse.

The open window pulled more smoke into the bathroom, making breathing impossible.

Despite the explosions outside, they would have to flee the safe area, the officer thought. The smoke had choked out the lights. They were in total darkness.

The officer left the bathroom, crawled through a hallway, banging on the floor and yelling that the ambassador and Smith follow him.

He slipped though another window and collapsed in an enclosed patio area.

And then he noticed it.

Stevens and Smith were not there.

The officer slipped back through the window several times, even though the intruders were still shooting at him.

The smoke and heat was unbearable. He could not find either man.

He used a ladder to climb to the roof of the villa and radioed for help.

He had been in the smoky room for so long he could hardly speak. It took some time for the officers on the other end of the line to understand what he was saying.

He did not have Smith, he said. And the ambassador is missing.

The battle at the Annex

Three other security officers had barricaded themselves in another building when the siege began.

Once the first wave of attackers seemed to retreat, the officers got out of their "defensive" positions and drove an armored car to the villa. They found their colleague on the roof, vomiting, about to pass out.

The three officers crawled through the smoke inside.

They found Smith. They dragged his body out. But they were too late.

A team, from a nearby U.S. facility called the Annex, arrived and helped search for Stevens. They could not find him.

Concerned that the large crowd of militants was about to overtake the entire compound, they decided to flee back to the Annex without Stevens.

Men in the crowd began shooting, the bullets almost piercing the armored vehicle and blowing out two of its tires.

They drove on. At least two vehicles followed them.

They made it to the Annex, preparing for another fight. It was about 11:30 at night.

Just before midnight, bullets began hitting the Annex. This started a gun battle that lasted for an hour.

Hours later, another wave of attacks hit the facility with mortars, killing security officers Tyrone Woods and Glen Doherty.

Finding Stevens

Hours passed and no one knew where Stevens was.

About 2 a.m., the U.S. Embassy in Tripoli received a phone call.

It was from the cell phone of the security officer who had given his phone to Stevens.

The man on the line spoke Arabic, telling embassy officials that Stevens had been taken to a hospital in Benghazi.

Officials could not determine what hospital Stevens was taken to.

Some wondered if the phone call was a trick from militants who wanted to lure U.S. officers to their death.

A Libyan official was sent to Benghazi Medical Center. He said Stevens was there.

Hospital staff said six civilians brought Stevens to the emergency room about 1:15 a.m.

Even though the ambassador showed no signs of life, doctors worked to revive him for 45 minutes.

It was too late.

UBS to pay $1.5B in fines for rate manipulation

Labels: Health

Updated 4:30 a.m.

GENEVA Switzerland's UBS AG agreed Wednesday to pay some $1.5 billion in fines to international regulators following a probe into the rigging of a key global interest rate.

In admitting to fraud, Switzerland's largest bank became the second bank, after Britain's Barclays PLC, to settle over the rate-rigging scandal. The fine, which will be paid to authorities in the U.S., Britain and Switzerland, also comes just over a week after HSBC PLC agreed to pay nearly $2 billion for alleged money laundering.

The settlement caps a tough year for UBS and the reputation of the global banking industry. As well as being ensnared in the industry-wide investigation into alleged manipulations of the benchmark LIBOR interest rate, short for London interbank offered rate, UBS has seen its reputation suffer in a London trial into a multibillion dollar trading scandal and ongoing tax evasion probes.

As a result of the fines, litigation, unwinding of real estate investments, restructuring and other costs, UBS said it expects to post a fourth quarter net loss of between $2.2-2.7 billion.

Nevertheless, the Zurich-based bank maintained that it "remains one of the best capitalized banks in the world."

Other banks are expected to be fined for their involvement in the LIBOR scandal. LIBOR, which is a self-policing system and relies on information that global banks submit to a British banking authority, is important because it is used to set the interest rates on trillions of dollars in contracts around the world, including mortgages and credit cards.

UBS characterized the probes as "industry-wide investigations into the setting of certain benchmark rates across a range of currencies."

The UBS penalty is more than triple the $450 million in fines imposed by American and British regulators in June on Barclays for submitting false information between 2005 and 2009 to manipulate the LIBOR rates. Those fines exposed a scandal that led to the departure of Chief Executive Bob Diamond and the announcement that Chairman Marcus Agius would step down at the end of the year.

In accepting the fines, UBS said some of its employees tried to rig the LIBOR rate in several currencies, but that its Japan unit, where much of the manipulation took place, entered a plea to one count of wire fraud in an agreement with the U.S. Justice Department.

UBS said some of its personnel had "engaged in efforts to manipulate submissions for certain benchmark rates to benefit trading positions" and that some employees had "colluded with employees at other banks and cash brokers to influence certain benchmark rates to benefit their trading positions."

UBS added that "inappropriate directions" had been submitted that were "in part motivated by a desire to avoid unfair and negative market and media perceptions during the financial crisis."

Britain's financial regulator called the misconduct by UBS "extensive and broad" with the rate-fixing carried out from UBS offices in London and Zurich.

Different desks were responsible for different rate submissions. At least 2,000 requests for inappropriate submissions were documented -- an unquantifiable number of oral requests, which by their nature would not be documented, were also made, the U.K.'s Financial Services Authority said.

"Manipulation was also discussed in internal open chat forums and group emails, and was widely known," the FSA said. "At least 45 individuals including traders, managers and senior managers were involved in, or aware of, the practice of attempting to influence submissions."

Sergio Ermotti, who was appointed CEO of UBS AG in November 2012 in the wake of a major trading scandal, said the misconduct does not reflect the bank's values or standards.

"We deeply regret this inappropriate and unethical behavior. No amount of profit is more important than the reputation of the firm, and we are committed to doing business with integrity," he said.

With more than $2.4 trillion in invested assets, UBS is one of the world's largest managers of private wealth assets. At last count, the bank had 63,745 employees in 57 countries. It has said it aims for a headcount of 54,000 in 2015.

Along with Credit Suisse, the second-largest Swiss bank, UBS is on the list of the 29 "global systemically important banks" that the Basel, Switzerland-based Bank for International Settlements, the central bank for central banks, considers too big to fail.

It's not the first time that UBS has fallen afoul of regulators. Notably, in 2009, U.S. authorities fined UBS $780 million in 2009 for helping U.S. citizens avoid paying taxes.

The U.S. government has since been pushing Switzerland to loosen its rules on banking secrecy and has been trying to shed its image as a tax haven, signing deals with the United States, Germany and Britain to provide greater assistance to foreign tax authorities seeking information on their citizens' accounts.

In April, Ermotti called Switzerland's tax disputes with the United States and some European nations "an economic war" putting thousands of jobs at risk.

And in September 2011, the bank announced more than $2 billion in losses and blamed a 32-year-old rogue trader, Kweku Adoboli, at its London office for Britain's biggest-ever fraud at a bank.

Britain's financial regulator fined UBS, saying its internal controls were inadequate to prevent Adoboli, a relatively inexperienced trader, from making vast and risky bets. Adoboli has been sentenced to seven years in prison.

Newtown Settles In for Prayerful, Somber Christmas

Labels: Business

Residents of Sandy Hook, Conn., gather every year under an enormous tree in the middle of town to sing carols and light the tree. The tree is lit this year, too, but the scene beneath it is starkly different.

The tree looms over hundreds of teddy bears and toys, but they are for children who will never receive them. The ornaments are adorned with names and jarringly recent birth dates.

Wreaths with pine cones and white ribbons hang near the tree, one each for a life lost. A small statue of an angel child sleeps among a sea of candles.

A steady flow of well-wishers, young and old, tearfully comes to cry, pray, light candles, leave gifts and share hugs and stories.

CLICK HERE for complete coverage of the massacre at Sandy Hook.

The Christmas season is a normally joyful time for this tight-knit village, but in the wake of a shooting rampage, holiday decorations have given way this year to memorial signs. And instead of cars with Christmas trees on top, there are media vans with satellites.

Connie Koch has lived in Newtown for nine years. She lives directly behind Sandy Hook Elementary School, where Adam Lanza, 20, killed 20 children and six adults before turning the gun on himself. Earlier that Friday morning, he had also killed his mother at home.

President Obama on Newtown Shooting: 'We Must Change' Watch Video

Koch said the shocked town, which includes the Village of Sandy Hook, is experiencing a notably different Christmas this year.

"It's more somber, much more time spent in prayer for our victims' families and our friends that have lost loved ones," she said as she stood near the base of the tree.

CLICK HERE for a tribute to the shooting victims.

Her family has been touched by the tragedy is multiple ways.

"My daughter, she lost her child that she babysat for for six years," she said, holding back tears. "And for her friend who lost her mother. And for my dear friend who lost one of her friends in the school, one of the aides.

"It's hard. And there will be much prayer on Christmas morning for these people, for our community."

Koch said her community always rallies in the face of tragedy, but the term "hits close to home" resonates this time more than ever before. She says the only way to make it through is one day at a time.

"It's all you can do, one hour at a time," Koch said. "For me, I don't even want to wake up in the morning because I don't want to have to face it again. You feel like it's still just a dream and with the funerals starting, it's becoming more real. It's becoming more final."

Another Newtown parent, Adam Zuckerman, stood by the makeshift memorial with a roll of red heart stickers with the words, "In Our" above a drawing of the Sandy Hook Elementary School welcome sign. He was selling the stickers to collect money for a Sandy Hook victims' fund.

"It's a lot," he said of the events of the past few days. "We don't know how it's going to affect our community, but I feel very strongly that I needed to do something to keep it positive, to keep this community positive."

Zuckerman's 20-year-old stepdaughter came home from college for winter break the night before the shooting. As a high school student, she worked in one of the town's popular toy stores.

"She knew a lot of the kids," he said of his daughter. "Their parents brought them in over the years. We have other friends who have lost family here and good friends who are dear friends with the principal of the school. … It's pretty rough."

Honor the victims -- with action

Labels: World

President Obama addresses Newtown

STORY HIGHLIGHTS

David Gergen says we should take a cue from Lincoln's Gettysburg Address

He says U.S. must deal with its culture of guns and find real solutions

Gun owners should be licensed, and assault weapons should be banned, he says

He says we will be held morally accountable for what we do -- or fail to do

Editor's note: David Gergen is a senior political analyst for CNN and has been an adviser to four presidents. A graduate of Harvard Law School, he is a professor of public service and director of the Center for Public Leadership at Harvard University's Kennedy School of Government. Follow him on Twitter.

(CNN) -- Yet again we are struggling to bear the unbearable. How can we find meaning in the massacre of so many innocent children, savagely cut down in a hail of bullets?

Abraham Lincoln is much on our minds these days and, fortunately, there is much his life teaches us about giving meaning to human horror. Eleven months from now, we will be celebrating the 150th anniversary of his journey to Gettysburg, Pennsylvania, where he consecrated a national cemetery in honor of the thousands slaughtered in the Civil War battle there.

In the most eloquent address in American history, Lincoln told us, "The world will little note, nor long remember what we say here, but it can never forget what they did here. It is for us the living, rather, to be dedicated here to (their) great unfinished work." In their honor, he concluded, "we here highly resolve that these dead shall not have died in vain -- that this nation, under God, shall have a new birth of freedom."

David Gergen

These were not idle words; he devoted himself to action. In the final months of his life, as the new film on Lincoln shows, he threw himself into the enactment of the 13th Amendment, outlawing slavery in the entire nation. After his death, the nation continued to act as he had asked, passing the 14th Amendment and quickening its progress toward realizing the dream of the Declaration: that all are created equal.

The shootings in Connecticut are not Gettysburg, but surely the long, unending string of killings that we have endured must do more than touch our hearts. As Lincoln saw, we must find meaning in the madness of life -- and we do that by honoring the dead through action.

The moment to act is now upon us, not to be lost as we rush headlong into the holiday season and more twists and turns ahead. We are better than that.

There is a common thread running through most of the mass killings we have seen in recent years: A deranged gunman gets his hands on a gun, usually a semi-automatic, and rapidly cuts down innocents before anyone can stop him.

Clearly, we must find better answers for the mentally unstable. We have the ability to recognize the characteristics of those more likely to commit such acts of violence, and we must do more to provide long-term treatment.

But just as clearly, we need to change our culture of guns. There is something terribly wrong in a nation that has some 300 million guns floating around, easily accessible to the mentally ill. Of the 62 mass shootings in the U.S. over the past three decades, more than three-quarters of the guns used were obtained legally.

Unless we act to change our laws as well as our culture, we will all be enablers when the next loner strikes. The blood will be on our hands, too.

Experts can come up with precise policy prescriptions that will allow us to maintain the constitutional freedoms of the 2nd Amendment while also changing our gun culture. Contrary to what the National Rifle Association says, it is very possible to do both. What is needed immediately is a conversation determining what principles we want to establish -- and then action to realize them. From my perspective, there should be at least three basic principles:

FIRST: To own a gun, you must first have a license -- and it shouldn't be easy to get. The right parallel is to cars: Everyone over a prescribed age is entitled to drive. But cars are dangerous, so we first require a license -- determining that you are fit to drive. Citizens have a right to bear arms, but guns are dangerous, too. So, get a license.

There are a number of issues with our current system of state-based permits. First, variation in gun regulations from state to state deeply complicates enforcement efforts. Arizona, for instance, allows concealed carry without any permit, while its neighbor California has implemented the strongest gun laws in the country. We must design a sensible federal gun control policy to address the current legal chaos.

As we construct a federal licensing system, we should look to California. The state requires all gun sales to be processed through a licensed dealer, mandating background checks and a ten-day waiting period; bans most assault weapons and all large-capacity magazines; closes the nonsensical gun-show loophole; and maintains a permanent record of all sales.

SECOND: If you are a civilian, you can't buy an assault gun. Hunters don't need military style weapons, nor do homeowners who want to be able to protect their families. They are far too popular among people who shouldn't have access to guns in the first place.

We should restore the federal ban that has expired.

THIRD: Parents should be heavily advised to keep guns out of their houses and out of the hands of kids. No one wants to blame the poor mother of the Connecticut shooter, but everyone wonders why she kept so many military-style guns in the house, so accessible to her son. It's hard to believe, but roughly a third of households with children younger than 18 contain at least one gun. In too many neighborhoods in America -- not just in big cities -- parents who don't allow guns in their homes are apprehensive, even frightened, by their kids playing at homes where they are kept.

Some years ago, no one thought that we could change our tobacco culture. We did. No one thought that we could reduce drunk driving by teenagers. We did -- thanks in large part to Mothers Against Drunk Driving.

Years from now, no one will note what we say after this latest massacre. But they will hold us morally accountable for what we do. To honor all of those who have been slain in recent years -- starting with the first-graders in Connecticut -- we should highly resolve to change our culture of guns.

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The opinions expressed in this commentary are solely those of David Gergen.

Asian stocks mostly higher on US fiscal hopes

Labels: Technology

HONG KONG - Asian markets mostly rose Tuesday, taking a lead from Wall Street as dealers grow confident US lawmakers will reach an agreement to avert the fiscal cliff.

Continued weakness of the yen helped send Japanese shares surging for a second straight session as Shinzo Abe prepares to take over as prime minister, vowing to press for a more aggressive policy of monetary easing.

Tokyo rose 0.96 percent, or 94.13 points, to 9,923.01, Seoul was up 0.51 percent, or 10.02 points, at 1,993.09, while Sydney added 0.48 percent, or 21.8 points, to 4,595.2.

Shanghai ended up 0.10 percent, or 2.12 points, at 2,162.46 while Hong Kong gave up earlier gains to end flat, dipping 18.88 points to 22,494.73.

Traders were reacting to news progress was finally being made in talks on a new deficit-cutting budget to replace the tax hikes and spending cuts due to come into effect at the start of January and which would likely tip the US economy into recession.

President Barack Obama hosted top Republican lawmaker John Boehner in the White House for 45 minutes Monday in the latest effort to avert going over the so-called fiscal cliff.

The meeting follows news that Boehner had changed his position on not allowing any more taxes, saying at the weekend that he would agree to some hikes for people earning more than US$1 million.

Although Obama has said he would only agree to rises on people earning more than US$250,000, analysts say the development shows the outline of a tentative deal is being formed.

Wall Street ended on a high, with the Dow closing up 0.76 percent, the S&P 500 gaining 1.19 percent and the Nasdaq adding 1.32 percent.

Japanese shares continued to be supported by the falling yen, which helps the country's exporters, as dealers bet on fresh central bank moves to boost the economy.

The election of Abe and his Liberal Democratic Party on Sunday was widely expected and investors now expect the Bank of Japan to unveil a further loosening of monetary policy at the end of its two-day meeting on Thursday.

Abe and central bank chief Masaaki Shirakawa held talks on Tuesday to discuss monetary policy.

In share trading, utility giant TEPCO, which runs the Fukushima plant at the centre of last year's nuclear crisis, surged 17.32 percent on expectations the new government will shelve any short-term plans to ditch atomic power.

In afternoon Tokyo trade, the dollar bought 84.96 yen, up from 83.87 yen in New York on Monday, while the euro also edged higher to 110.49 yen, from 110.40 yen.

The European single currency fetched US$1.3165, against US$1.3161 in New York.

Oil prices were up. New York's main contract, light sweet crude for delivery in January rose 58 cents to US$87.74 a barrel in the afternoon and Brent North Sea crude for February delivery advanced 73 cents to US$108.33.

Gold was at US$1,701.20 at 0800 GMT compared with US$1,690.10 late Monday.

In other markets:

-- Taipei rose 0.16 percent, or 12.46 points, to 7,643.74.

-- Manila rose 0.23 percent, or 12.74 points, to 5,636.59.

- AFP/ir

Watch Dallas Mavericks try to sing

Labels: Lifestyle

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NBC's Engel free after abduction in Syria

Labels: Health

Updated at 5:26 a.m. Eastern

LONDON NBC News said Tuesday morning that veteran foreign correspondent Richard Engel, two of his colleagues and their security guard were free after five days of captivity at the hands of unidentified assailants in Syria.

NBC said in a statement that Engel, who went missing along with his crew on Thursday, was "freed from captors in Syria after a firefight at a checkpoint on Monday, five days after they were taken prisoner." The network did not identify the others who had been abducted with Engel.

"We are pleased to report they are safely out of the country," NBC added.

It remained unclear exactly who abducted Engel and the rest of his team. NBC said only that the captors "were not believed to be loyal to the Assad regime."

According to NBC, two of the captors were killed in the shootout at the checkpoint manned by a Syrian rebel group, the Ahrar al-Sham brigade, an Islamic Salafist group which operates across Syria, but has its strongest presence in the northern city of Idlib.

Several Western journalists have been detained by the increasingly isolated regime of President Bashar Assad, which has virtually banned independent reporting inside Syria. The journalists held by the regime have generally been set free in a matter of days. Others have been abducted and held briefly by armed militant groups fighting against Assad. The myriad rebel militias in Syria have vastly varying

One American journalist, freelance writer Austin Tice, remains missing after disappearing in mid-August. His parents visited Beirut, Lebanon in November, seeking information about their son, but said they still had not learned who was holding him or what condition he was in.

The U.S. government has said Assad's regime is likely holding the 31-year-old former Marine, who had been reporting on Syria's civil war for The Washington Post, McClatchy Newspapers and others.

Engel, NBC's chief foreign correspondent, has extensive history reporting on and living in the Middle East. He was reporting on the war from inside Syria when he was captured. His work has won him numerous awards, including five News & Documentary Emmys.

According to NBC, Engel speaks and reads fluent Arabic and can comfortably transition between several Arabic dialects spoken across the Arab world.

Conn. Kids Laid to Rest: 'Our Hearts Are With You'

Labels: Business

Visibly shaken attendees exiting the funeral today for 6-year-old Noah Pozner, one of 20 children killed in the Connecticut school massacre last week, said they were touched by a story that summed up the first-grader best.

His mother, Veronique, would often tell him how much she loved him and he'd respond: "Not as much as I [love] you," said a New York man who attended the funeral but was not a member of the family.

Noah's family had been scheduled to greet the public before the funeral service began at 1 p.m. at the Abraham L. Green & Son Funeral Home in Fairfield, Conn. The burial was to follow at the B'nai Israel Cemetery in Monroe, Conn. Those present said they were in awe at the composure of Noah's mother.

Rabbi Edgar Gluck, who attended the service, said the first person to speak was Noah's mother, who told mourners that her son's ambition when he grew up was to be either a director of a plant that makes tacos -- because that was his favorite food -- or to be a doctor.

Outside the funeral home, a small memorial lay with a sign reading: "Our hearts are with you, Noah." A red rose was also left behind along with two teddy bears with white flowers and a blue toy car with a note saying "Noah, rest in peace."

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The funeral home was adorned with white balloons as members of the surrounding communities came also to pay their respects, which included a rabbi from Bridgeport. More than a dozen police officers were at the front of the funeral home, and an ambulance was on standby at a gas station at the corner.

U.S. Sen. Richard Blumenthal, U.S. Rep. and Sen.-Elect Chris Murphy and Gov. Dannel P. Malloy, all of Connecticut, were in attendance, the Connecticut Post reported.

Noah was an inquisitive boy who liked to figure out how things worked mechanically, The Associated Press reported. His twin sister, Arielle, was one of the students who survived when her teacher hid her class in the bathroom during the attack.

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The twins celebrated their sixth birthday last month. Noah's uncle Alexis Haller told the AP that he was "smart as a whip," gentle but with a rambunctious streak. He called his twin sister his best friend.

"They were always playing together, they loved to do things together," Haller said.

The funeral for Jack Pinto, 6, was also held today, at the Honan Funeral Home in Newtown. He was to be buried at Newtown Village Cemetery.

Jack's family said he loved football, skiing, wrestling and reading, and he also loved his school. Friends from his wrestling team attended his funeral today in their uniforms. One mourner said the message during the service was: "You're secure now. The worst is over."

Family members say they are not dwelling on his death, but instead on the gift of his life that they will cherish.

The family released a statement, saying, Jack was an "inspiration to all those who knew him."

"He had a wide smile that would simply light up the room and while we are all uncertain as to how we will ever cope without him, we choose to remember and celebrate his life," the statement said. "Not dwelling on the loss but instead on the gift that we were given and will forever cherish in our hearts forever."

Jack and Noah were two of 20 children killed Friday morning at Sandy Hook Elementary School in Newtown, Conn., when 20-year-old Adam Lanza sprayed two first-grade classrooms with bullets that also killed six adults.

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