Maksim Chmerkovskiy Now Focusing on Brother Val's Success on Dancing with the Stars















11/15/2012 at 10:30 AM EST







Kirstie Alley and Maksim Chmerkovskiy


Craig Sjodin/ABC


Dancing with the Stars fans know better than to doubt Maksim Chmerkovskiy's desire to win the coveted mirror-ball trophy.

But while the Ukrainian-born dancer has made it to the final round of the immensely popular dance show four times in his 13 seasons, his elimination from the all-star competition came with an almost welcome whimper.

"There's no sting, no sting at all," Chmerkovskiy, attending the Bio Glow by Kimberly Snyder launch event in West Hollywood, tells PEOPLE about Wednesday's elimination, which sent him and partner Kirstie Alley home. "First of all, it was not losing, because Kirstie did amazing, given the fact that we were up against such incredibly talented competition."

Chmerkovskiy, 32, led Alley to second place in season 12, but this time around, with a competition so fiercely contested, Chmerkovskiy readily admits that the chips – and the cha-cha-cha – may have been stacked against him and the actress, 61.

"We just couldn't overcome a 20-point deficit," Chmerkovskiy says. "And it was two weeks of low scores, but God knows that [Kirstie] gave me everything that she had and more, and we're both very grateful for how long that we lasted."

Competitive Spirit

Something else the dance pro is grateful for: beating out some of his top competitors.

"Seeing Sabrina [Bryan] go before us, seeing Joey Fatone go before us," Chmerkovskiy says. "All of the amazing dancers that went before us as we stayed in the competition, it was a blessing, and we have to thank the fans [who] kept us there."

Now free to root for his younger brother, Val, and partner Kelly Monaco, Chmerkovskiy is taking a different approach as his sibling heads into the final rounds.

"This is his experience and I want him to be responsible for it," Chmerkovskiy says, "And God knows that [Val] has the talent and the ability to educate and perform, and he's been doing fantastic with Kelly. For me, there's not much more that I could tell him other than to have him keep doing what he's doing."

As for how Val is feeling, the dancer isn't as cool as his newly eliminated brother.

"He's freaking out, and he's like, 'This is crazy! I can't believe you did this 13 times!'" Chmerkovskiy says of his brother's reactions to judges Len Goodman, Carrie Ann Inaba and Bruno Tonioli. "I gloat [over] the fact that he's now like, 'I can't believe you did this that much!' "

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Booze calories nearly equal soda's for US adults

NEW YORK (AP) — Americans get too many calories from soda. But what about alcohol? It turns out adults get almost as many empty calories from booze as from soft drinks, a government study found.

Soda and other sweetened drinks — the focus of obesity-fighting public health campaigns — are the source of about 6 percent of the calories adults consume, on average. Alcoholic beverages account for about 5 percent, the new study found.

"We've been focusing on sugar-sweetened beverages. This is something new," said Cynthia Ogden, one of the study's authors. She's an epidemiologist with the Centers for Disease Control and Prevention which released its findings Thursday.

The government researchers say the findings deserve attention because, like soda, alcohol contains few nutrients but plenty of calories.

The study is based on interviews with more than 11,000 U.S. adults from 2007 through 2010. Participants were asked extensive questions about what they ate and drank over the previous 24 hours.

The study found:

—On any given day, about one-third of men and one-fifth of women consumed calories from beer, wine or liquor.

—Averaged out to all adults, the average guy drinks 150 calories from alcohol each day, or the equivalent of a can of Budweiser.

—The average woman drinks about 50 calories, or roughly half a glass of wine.

—Men drink mostly beer. For women, there was no clear favorite among alcoholic beverages.

—There was no racial or ethnic difference in average calories consumed from alcoholic beverages. But there was an age difference, with younger adults putting more of it away.

For reference, a 12-ounce can of regular Coca-Cola has 140 calories, slightly less than a same-sized can of regular Bud. A 5-ounce glass of wine is around 100 calories.

In September, New York City approved an unprecedented measure cracking down on giant sodas, those bigger than 16 ounces, or half a liter. It will take effect in March and bans sales of drinks that large at restaurants, cafeterias and concession stands.

Should New York officials now start cracking down on tall-boy beers and monster margaritas?

There are no plans for that, city health department officials said, adding in a statement that while studies show that sugary drinks are "a key driver of the obesity epidemic," alcohol is not.

Health officials should think about enacting policies to limit alcoholic intake, but New York's focus on sodas is appropriate, said Margo Wootan, director of nutrition policy for the Center for Science in the Public Interest, a public health advocacy group.

Soda and sweetened beverages are the bigger problem, especially when it comes to kids — the No. 1 source of calories in the U.S. diet, she said.

"In New York City, it was smart to start with sugary drinks. Let's see how it goes and then think about next steps," she said.

However, she lamented that the Obama administration is planning to exempt alcoholic beverages from proposed federal regulations requiring calorie labeling on restaurant menus.

It could set up a confusing scenario in which, say, a raspberry iced tea may have a calorie count listed, while an alcohol-laden Long Island Iced Tea — with more than four times as many calories — doesn't. "It could give people the wrong idea," she said.

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Wall Street flat, unable to hang onto gains

NEW YORK (Reuters) - Stocks were little changed in choppy trading on Thursday as investors found little reason to buy following weak results from Wal-Mart Stores Inc and rising tensions in the Middle East.


After stock index futures rose before the market opened, Wall Street dipped temporarily soon after the open on data from the Philadelphia Federal Reserve Bank that showed business activity in mid-Atlantic states unexpectedly contracted.


The recent trend has been for stocks to struggle to hold onto even slight gains, as on Wednesday when they opened higher but slumped at midday and ended down more than 1 percent.


"There's nothing that suggests the economy is poised to free-fall or rally, and with all the uncertainty out there people are choosing to just take their 2012 gains now rather than December," said John Norris, managing director of wealth management with Oakworth Capital Bank in Birmingham, Alabama.


Stil, the S&P 500 is up 8.2 percent so far this year, though at its 2012 peak the benchmark index was up more than 17 percent.


Wal-Mart fell 3.8 percent to $68.60 after reporting third-quarter revenue that missed expectations. The company said economic conditions pressured customers' spending. Target Corp rose 1.1 percent to $62.08 after it reported a profit that beat expectations.


Weekly jobless claims spiked in the latest week, hurt by the impact of superstorm Sandy, though consumer prices came in as expected with a 0.1 percent increase. Claims totaled 439,000, over expectations of 375,000.


The Philly Fed said its business activity index slumped to -10.7 from 5.7 the month before, a much steeper fall than had been expected. The data was affected by disruption from superstorm Sandy, which slammed the U.S. Northeast in late October.


The Dow Jones industrial average <.dji> was up 11.56 points, or 0.09 percent, at 12,582.51. The Standard & Poor's 500 Index <.spx> was up 1.88 points, or 0.14 percent, at 1,357.37. The Nasdaq Composite Index <.ixic> was down 0.97 point, or 0.03 percent, at 2,845.84.


Both the Dow and Nasdaq ended at their lowest levels since late June on Wednesday, while the S&P 500 is down about 5 percent since election night. Wednesday marked the benchmark index's lowest close since July 25.


Investors may seek bargains at these levels, but many analysts say strong gains may be hard to come by until at least one of several global macroeconomic headwinds go away.


NetApp Inc surged 9.7 percent to $29.81 a day after reporting adjusted second-quarter earnings that beat expectations and forecasting a strong current quarter.


Overseas, Israel launched a major offensive against Palestinian militants in Gaza, killing the military commander of Hamas in an air strike and threatening an invasion of the enclave. Egypt said it recalled its ambassador from Israel in response.


Energy shares may be affected by the tensions in the Middle East, as any disruption in crude supplies could spark a jump in oil prices. Brent crude rose 1 percent while oilfield services company Halliburton Co rose 1.6 percent to $30.43.


President Barack Obama Wednesday reiterated his position that marginal tax rates would have to rise to tackle U.S. deficits. Taxes on capital gains and dividends could rise as part of the negotiations, pushing investors to sell this year and pay lower taxes on their gains.


A regional gauge of manufacturing in New York state slowed for a fourth straight month in November but was stronger than expected.


(Editing by Kenneth Barry)


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War looms over Gaza as death toll rises

GAZA (Reuters) - A Hamas rocket killed three Israelis north of the Gaza Strip on Thursday, drawing the first blood from Israel as the Palestinian death toll rose to 15 in a military showdown lurching closer to all-out war and an invasion of the enclave.


On the second day of an assault Israel said might last many days and culminate in a ground attack, its warplanes bombed targets in and around Gaza city, where tall buildings trembled.


Plumes of smoke and dust furled into a sky laced with the vapor trails of outgoing rockets.


The sudden conflict, launched by Israel with the killing of Hamas's military chief, pours oil on the fire of a Middle East already ablaze with two years of revolution and an out-of-control civil war in Syria. Palestinian allies, led by Egyptian President Mohamed Mursi, denounced the Israeli offensive.


After watching powerlessly from the sidelines of the Arab Spring, Israel has been thrust to the centre of a volatile new world in which Islamist Hamas believes that Mursi and his newly dominant Muslim Brotherhood in Egypt will be its protectors.


The Palestinian Islamist group claimed it had fired a one-tonne, Iranian-made Fajr 5 rocket at Tel Aviv in what would be a major escalation, but there was no reported impact in the Israeli metropolis 50 km (30 miles) north of the enclave.


"The Israelis must realize that this aggression is unacceptable and would only lead to instability in the region and would negatively and greatly impact the security of the region," Mursi said, although there was no immediate sign of robust action by Egypt, Israel's most powerful Arab neighbor.


The new conflict will be the biggest test yet of Mursi's commitment to Egypt's 1979 peace treaty with Israel, which the West views as the bedrock of Middle East peace.


The Muslim Brotherhood, which brought Mursi to power in an election after the downfall of autocrat Hosni Mubarak, has called for a 'Day of Rage' in Arab capitals on Friday. The Brotherhood is seen as the spiritual mentors of Hamas.


ASSASSINATION


The offensive began on Wednesday when a precision Israeli airstrike assassinated Hamas military mastermind Ahmed Al-Jaabari, and Israel shelled the enclave from land, air and sea.


The 15 killed in Gaza included Jaabari and six Hamas fighters plus eight civilians, among them a pregnant woman with twins, an 11-month old boy and three infants, according to the enclave's health ministry. Medics reported at least 130 wounded.


At Jaabari's funeral on Thursday, supporters fired guns in the air celebrating news of the Israeli deaths, to chants for Jaabari of "You have won." His corpse was borne through the streets wrapped in a bloodied white sheet. But senior Hamas figures were not in evidence, wary of Israel's warning that they are now in its crosshairs.


The Israeli army said 156 targets were hit in Gaza, 126 of them rocket launchers. It said 200 rockets had struck Israel since the start of the operation, 135 of them since midnight.


Israel's Iron Dome interceptor system has so far shot down 81 rockets headed towards residential areas, the military said.


One of those that got through caught its victims before they could reach the blast shelters that are everywhere in the Negev region, prey to sporadic Palestinian rocket attacks from Gaza for the past five years.


Israeli police said the three died when a rocket hit a four-story building in the town of Kiryat Malachi, some 25 km (15 miles) north of Gaza. They were the first Israeli fatalities of the latest conflict to hit the coastal region.


Expecting days or more of fighting and almost inevitable civilian casualties, Israeli warplanes dropped leaflets in Gaza telling residents to stay away from Hamas and other militants.


The United States condemned Hamas, shunned by the West as an obstacle to peace for its refusal to renounce violence and recognize Israel.


"There is no justification for the violence that Hamas and other terrorist organizations are employing against the people of Israel," said Mark Toner, deputy State Department spokesman.


The U.N. Security Council held an emergency meeting late on Wednesday to discuss the Israeli assault. It called for a halt to the violence, but took no action.


In France, Foreign Minister Laurent Fabious said: "It would be a catastrophe if there is an escalation in the region. Israel has the right to security but it won't achieve it through violence. The Palestinians also have the right to a state."


"GATES OF HELL"


Israel's sworn enemy Iran, which supports and arms Hamas, condemned the Israeli offensive as "organized terrorism". Lebanon's Iranian-backed Shi'ite militia Hezbollah, which has its own rockets aimed at the Jewish state, denounced strikes on Gaza as "criminal aggression", but held its fire.


Oil prices rose more than $1 as the crisis grew. Israeli shares and bonds fell, while Israel's currency rose off Wednesday's lows, when the shekel slid more than 1 percent to a two-month low against the dollar.


A second Gaza war has loomed on the horizon for months as waves of Palestinian rocket attacks and Israeli strikes grew increasingly intense and frequent. Prime Minister Benjamin Netanyahu, favored in polls to win a January 22 general election, said on Wednesday the Gaza operation could be stepped up.


His cabinet has granted authorization for the mobilization of military reserves if required to press the offensive, dubbed "Pillar of Defense" in English and "Pillar of Cloud" in Hebrew after the Israelites' divine sign of deliverance in Exodus.


Hamas has said the killing of its top commander In a precision, death-from-above airstrike, would "open the gates of hell" for Israel. It appealed to Egypt to halt the assault.


Israel has been anxious since Mubarak was toppled last year in the Arab Spring revolts that replaced secularist strongmen with elected Islamists in Egypt, Tunisia and Libya, and brought civil war to Israel's other big neighbor Syria.


Cairo recalled its ambassador from Israel on Wednesday. Israel's ambassador left Cairo on what was called a routine home visit and Israel said its embassy would stay open.


Gaza has an estimated 35,000 Palestinian fighters, no match for Israel's F-16 fighter-bombers, Apache helicopter gunships, Merkava tanks and other modern weapons systems in the hands of a conscript force of 175,000, with 450,000 in reserve.


(Additional reporting by Ari Rabinovitch in Jerusalem, Erika Solomon in Beirut, John Irish in Paris. Marwa Awad in Cairo.; Writing by Douglas Hamilton; Editing by Peter Graff)

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In UK, Twitter, Facebook rants land some in jail
















LONDON (AP) — One teenager made offensive comments about a murdered child on Twitter. Another young man wrote on Facebook that British soldiers should “go to hell.” A third posted a picture of a burning paper poppy, symbol of remembrance of war dead.


All were arrested, two convicted, and one jailed — and they’re not the only ones. In Britain, hundreds of people are prosecuted each year for posts, tweets, texts and emails deemed menacing, indecent, offensive or obscene, and the number is growing as our online lives expand.













Lawyers say the mounting tally shows the problems of a legal system trying to regulate 21st century communications with 20th century laws. Civil libertarians say it is a threat to free speech in an age when the Internet gives everyone the power to be heard around the world.


“Fifty years ago someone would have made a really offensive comment in a public space and it would have been heard by relatively few people,” said Mike Harris of free-speech group Index on Censorship. “Now someone posts a picture of a burning poppy on Facebook and potentially hundreds of thousands of people can see it.


“People take it upon themselves to report this offensive material to police, and suddenly you’ve got the criminalization of offensive speech.”


Figures obtained by The Associated Press through a freedom of information request show a steadily rising tally of prosecutions in Britain for electronic communications — phone calls, emails and social media posts — that are “grossly offensive or of an indecent, obscene or menacing character — from 1,263 in 2009 to 1,843 in 2011. The number of convictions grew from 873 in 2009 to 1,286 last year.


Behind the figures are people — mostly young, many teenagers — who find that a glib online remark can have life-altering consequences.


No one knows this better than Paul Chambers, who in January 2010, worried that snow would stop him catching a flight to visit his girlfriend, tweeted: “Crap! Robin Hood airport is closed. You’ve got a week and a bit to get your (expletive) together otherwise I’m blowing the airport sky high.”


A week later, anti-terrorist police showed up at the office where he worked as a financial supervisor.


Chambers was arrested, questioned for eight hours, charged, tried, convicted and fined. He lost his job, amassed thousands of pounds (dollars) in legal costs and was, he says, “essentially unemployable” because of his criminal record.


But Chambers, now 28, was lucky. His case garnered attention online, generating its own hashtag — (hash)twitterjoketrial — and bringing high-profile Twitter users, including actor and comedian Stephen Fry, to his defense.


In July, two and half years after Chambers’ arrest, the High Court overturned his conviction. Justice Igor Judge said in his judgment that the law should not prevent “satirical or iconoclastic or rude comment, the expression of unpopular or unfashionable opinion about serious or trivial matters, banter or humor, even if distasteful to some or painful to those subjected to it.”


But the cases are coming thick and fast. Last month, 19-year-old Matthew Woods was sentenced to 12 weeks in jail for making offensive tweets about a missing 5-year-old girl, April Jones.


The same month Azhar Ahmed, 20, was sentenced to 240 hours of community service for writing on Facebook that soldiers “should die and go to hell” after six British troops were killed in Afghanistan. Ahmed had quickly deleted the post, which he said was written in anger, but was convicted anyway.


On Sunday — Remembrance Day — a 19-year-old man was arrested in southern England after police received a complaint about a photo on Facebook showing the burning of a paper poppy. He was held for 24 hours before being released on bail and could face charges.


For civil libertarians, this was the most painfully ironic arrest of all. Poppies are traditionally worn to commemorate the sacrifice of those who died for Britain and its freedoms.


“What was the point of winning either World War if, in 2012, someone can be casually arrested by Kent Police for burning a poppy?” tweeted David Allen Green, a lawyer with London firm Preiskel who worked on the Paul Chambers case.


Critics of the existing laws say they are both inadequate and inconsistent.


Many of the charges come under a section of the 2003 Electronic Communications Act, an update of a 1930s statute intended to protect telephone operators from harassment. The law was drafted before Facebook and Twitter were born, and some lawyers say is not suited to policing social media, where users often have little control over who reads their words.


It and related laws were intended to deal with hate mail or menacing phone calls to individuals, but they are being used to prosecute in cases where there seems to be no individual victim — and often no direct threat.


And the Internet is so vast that policing it — even if desirable — is a hit-and-miss affair. For every offensive remark that draws attention, hundreds are ignored. Conversely, comments that people thought were made only to their Facebook friends or Twitter followers can flash around the world.


While the U.S. Supreme Court has ruled that First Amendment protections of freedom of speech apply to the Internet, restrictions on online expression in other Western democracies vary widely.


In Germany, where it is an offense to deny the Holocaust, a neo-Nazi group has had its Twitter account blocked. Twitter has said it also could agree to block content in other countries at the request of their authorities.


There’s no doubt many people in Britain have genuinely felt offended or even threatened by online messages. The Sun tabloid has launched a campaign calling for tougher penalties for online “trolls” who bully people on the Web. But others in a country with a cherished image as a bastion of free speech are sensitive to signs of a clampdown.


In September Britain’s chief prosecutor, Keir Starmer, announced plans to draw up new guidelines for social media prosecutions. Starmer said he recognized that too many prosecutions “will have a chilling effect on free speech.”


“I think the threshold for prosecution has to be high,” he told the BBC.


Starmer is due to publish the new guidelines in the next few weeks. But Chambers — reluctant poster boy of online free speech — is worried nothing will change.


“For a couple of weeks after the appeal, we got word of judges actually quoting the case in similar instances and the charges being dropped,” said Chambers, who today works for his brother’s warehouse company. “We thought, ‘Fantastic! That’s exactly what we fought for.’ But since then we’ve had cases in the opposite direction. So I don’t know if lessons have been learned, really.”


___


Jill Lawless can be reached at http://Twitter.com/JillLawless


Social Media News Headlines – Yahoo! News



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Hope Solo's Fiancé Jerramy Stevens Arrested for Domestic Assault















11/14/2012 at 10:20 AM EST







Jerramy Stevens and Hope Solo


NFL/Getty; Jeff Vinnick/Getty


Former Seattle Seahawks tight end Jerramy Stevens has been arrested on suspicion of assaulting his fiancé, U.S. women's soccer team goalkeeper Hope Solo, according to police in Seattle.

Stevens, 33, was released by a Kirkland Municipal Court judge on Tuesday after his arrest Monday on charges of fourth degree domestic violence, reports the Associated Press.

The judge said there was not enough evidence to hold the former pro football star, but the case remains under investigation, Kirkland Police Lt. Mike Murray told the news service.

The couple had applied for a marriage license last Thursday, court records showed. They had been involved for two months and had reportedly argued over whether to wed in Florida or Washington State, the AP reported, citing court documents.

The arrest occurred after police responded to a 3:45 a.m. call about a physical altercation at a party in the Seattle suburb of Kirkland. It occurred the night before the couple had reportedly planned to wed.

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Ireland probes death of ill abortion-seeker

DUBLIN (AP) — The debate over legalizing abortion in Ireland flared Wednesday after the government confirmed a miscarrying woman suffering from blood poisoning was refused a quick termination of her pregnancy and died in an Irish hospital.

Prime Minister Enda Kenny said he was awaiting findings from three investigations into the death of Savita Halappanavar, an Indian living in Galway since 2008 who was 17 weeks along in her pregnancy. The 31-year-old's case highlights the bizarre legal limbo in which pregnant women facing severe health problems in predominantly Catholic Ireland can find themselves.

Ireland's constitution officially bans abortion, but a 1992 Supreme Court ruling found it should be legalized for situations when the woman's life is at risk from continuing the pregnancy. Five governments since have refused to pass a law resolving the confusion, leaving Irish hospitals reluctant to terminate pregnancies except in the most obviously life-threatening circumstances.

University Hospital Galway in western Ireland declined to say whether doctors believed Halappanavar's blood poisoning could have been reversed had she received an abortion rather than wait for the fetus to die on its own. In a statement it described its own investigation into the death, and a parallel probe by the national government's Health Service Executive, as "standard practice" whenever a pregnant woman dies in a hospital. The Galway coroner also planned a public inquest.

Savita Halappanavar's husband, Praveen, said doctors determined that she was miscarrying within hours of her hospitalization for severe pain on Sunday, Oct. 21. He said that over the next three days doctors refused their requests for a termination of her fetus to combat her own surging pain and fading health.

"Savita was really in agony. She was very upset, but she accepted she was losing the baby," he told The Irish Times in a telephone interview from Belgaum, southwest India. "When the consultant came on the ward rounds on Monday morning, Savita asked: 'If they could not save the baby, could they induce to end the pregnancy?' The consultant said: 'As long as there is a fetal heartbeat, we can't do anything.'"

"Again on Tuesday morning ... the consultant said it was the law, that this is a Catholic country. Savita said: "I am neither Irish nor Catholic," but they said there was nothing they could do," Praveen Halappanavar was quoted as saying.

He said his wife vomited repeatedly and collapsed in a restroom that night, but doctors wouldn't terminate the fetus because its heart was still beating.

The fetus died the following day and its remains were surgically removed. Within hours, Praveen Halappanavar said, his wife was placed under sedation in intensive care with systemic blood poisoning and he was never able to speak with her again. By Saturday her heart, kidneys and liver had stopped working and she was pronounced dead early Sunday, Oct. 28.

Praveen Halappanavar said he took his wife's remains back to India for a Hindu funeral and cremation Nov. 3. News of the circumstances that led to her death emerged Tuesday in Galway after the Indian community canceled the city's annual Diwali festival. Savita Halappanavar, a dentist, had been one of the festival's main organizers.

Opposition politicians appealed Wednesday for Kenny's government to introduce legislation immediately to make the 1992 Supreme Court judgment part of statutory law. Barring any such bill, the only legislation defining the illegality of abortion in Ireland dates to 1861 when the entire island was part of the United Kingdom. That British law, still valid here due to Irish inaction on the matter, states it is a crime to "procure a miscarriage."

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Wall Street declines, Nasdaq turns lower

NEW YORK (Reuters) - Stocks fell on Thursday, erasing earlier gains that came on strong results from Cisco Systems .


While shares of Cisco stayed sharply higher, all three major indexes fell, continuing a recent trend where equities have been unable to hold onto early gains amid concerns about impending U.S. budget discussions and a debt crisis in Europe.


The Dow Jones industrial average <.dji> was down 52.68 points, or 0.41 percent, at 12,703.50. The Standard & Poor's 500 Index <.spx> was down 4.67 points, or 0.34 percent, at 1,369.86. The Nasdaq Composite Index <.ixic> was down 3.25 points, or 0.11 percent, at 2,880.64. (Reporting by Ryan Vlastelica; Editing by Bernadette Baum)


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Top Hamas commander killed in Israeli airstrike

GAZA (Reuters) - Israel killed the military commander of Hamas in an airstrike on the Gaza Strip Wednesday, bringing the two sides to the brink of a possible new war.


The attack came despite signs that Egypt had managed to broker a truce between Israel and Palestinian militants after a five day surge of violence which saw more than 100 missiles fired out of Gaza and repeated Israeli strikes on the enclave.


Islamist Hamas said Ahmed Al-Jaabari, who ran the organization's armed wing, Izz el-Deen Al-Qassam, died along with a passenger after their car was targeted by an Israeli missile.


Israel's Shin Bet domestic intelligence service confirmed it had carried out the attack, saying it had killed Jaabari because of his "decade-long terrorist activity".


"The purpose of this operation was to severely impair the command and control chain of the Hamas leadership," the Israeli military said in a statement.


Immediate calls for revenge were broadcast over Hamas radio and smaller groups also warned of retaliation.


"Israel has declared war on Gaza and they will bear the responsibility for the consequences," Islamic Jihad said.


A Reuters witness reported there were multiple Israeli airstrikes against the coastal enclave, but it was not immediately clear what else had been targeted.


Hamas has governed Gaza since 2007 and does not recognize Israel's right to exist. It has been emboldened by the rise to power in neighboring Egypt of its spiritual mentors in the Muslim Brotherhood whom it views as a "safety net".


Israel last staged a full-scale attack on Gaza during a three week conflict in 2008 and 2009 in which 1,400 Palestinians and 13 Israelis were killed.


(Reporting by Nidal al-Mughrabi and Dan Williams; Writing by Crispian Balmer)


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Facebook stock up as lock-up expires on largest block of shares
















SAN FRANCISCO (Reuters) – Shares of Facebook Inc jumped 10 percent in early trading on Wednesday, even as the biggest block of shares held by insiders became eligible for sale for the first time since the social media company’s disappointing debut in May.


In heavy morning trading, Facebook gained $ 2.02 to $ 21.89.













“While the lock-up is expiring, there is nothing requiring anybody to sell,” said Tim Ghriskey, chief investment officer at Solaris Group in Bedford Hills, New York. “Given the low price, these long-term holders are deciding to hold the stock and that is lifting it here as the fear of the expiration subsides.”


Roughly 800 million Facebook shares could begin trading on Wednesday after restrictions on insider selling were lifted on the biggest block of shares since the May initial public offering.


The lock-up expiration greatly expanded the 921 million-share “float” available for trading on the market until now.


Facebook, the world’s No. 1 online social network, became the only U.S. company to debut with a market value of more than $ 100 billion. But its value has dropped nearly 50 percent since the IPO on concerns about its long-term money-making prospects.


Insider trading lock-up provisions started to expire in August, and the rolling expirations have added to the pressure on Facebook’s stock.


Pivotal Research Group analyst Brian Wieser said he didn’t expect Facebook insiders to sell all of their shares as the lock-ups expired.


“I would expect heavy volumes over the next few weeks, but not undigestible volumes,” said Wieser. By his estimates, roughly 486 million of the nearly 800 million newly freed Facebook shares will be sold.


There is some evidence that the heavy interest in shorting the stock was dissipating, given the poor performance since it first sold shares in May.


According to Markit’s Data Explorers, about 28 percent of the shares available for short-selling were being borrowed for that purpose, down from a high of more than 80 percent in early August.


Similarly, SunGard’s Astec Analytics, which also tracks interest in shorting, noted in a comment on Tuesday that the cost of borrowing Facebook shares is down more than 50 percent since the beginning of the month.


“Everything would seem to indicate the market is losing its appetite to short Facebook,” wrote Karl Loomes, market analyst at Astec.


Several members of Facebook’s senior management have sold millions of dollars worth of shares in recent weeks through pre-arranged stock trading plans as lock-up restrictions expired.


Chief Operating Officer Sheryl Sandberg has sold roughly 530 million shares this month, netting just over $ 11 million, though she still owns roughly 20 million vested shares in Facebook.


In August, Facebook board member Peter Thiel sold roughly $ 400 million worth of Facebook stock, the majority of his stake, when an earlier phase of lock-up restrictions expired.


Facebook’s 28-year-old chief executive, Mark Zuckerberg, has committed to not sell any shares before September 2013.


(Reporting by Alexei Oreskovic; Editing by Jeffrey Benkoe)


Internet News Headlines – Yahoo! News



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