Saturday, December 31, 2011

Lawyer says soldier shooting client was attacked (AP)

SAN BERNARDINO, Calif. ? The lawyer for the California man charged with the attempted murder of an Afghanistan war veteran said his client was under attack at a wild party when gunfire rang out.

Defense attorney Michael Holmes said Wednesday that his 19-year-old client, Ruben Ray Jurado, was a friend of Christopher Sullivan, 22, who was critically wounded Friday night.

Jurado was charged Tuesday with attempted murder and multiple sentencing enhancements for using a firearm in the shooting that critically wounded Sullivan.

Holmes said Jurado was invited to the gathering, and some party guests were drinking heavily and inhaling nitrous oxide.

Holmes said Jurado was attacked and kicked as he tried to leave the party.

Jurado was scheduled to be arraigned by video conference Wednesday afternoon, but that was postponed until Thursday morning when Jurado asked to attend the hearing in person.

Sullivan, a Purple Heart recipient, was home for the holidays when a fight began at a homecoming party over football, authorities said. When Sullivan moved to break it up, gunfire broke out, police said.

Authorities painted a different picture of the evening, saying Jurado, who had played football with Sullivan in high school, began arguing with Sullivan's brother over football teams at the party and then punched him. Sullivan intervened, and Jurado pulled a gun and fired multiple shots, hitting Sullivan in the neck, police said.

Sullivan remained in critical condition Wednesday. His relatives said the gunfire shattered his spine and left him paralyzed from the neck down.

"He's opening his eyes more," his 20-year-old brother, Brandon Sullivan, told The Associated Press. "We're just waiting day by day."

Sullivan was wounded in a suicide bombing attack last year while serving with the military in Afghanistan. He suffered a cracked collarbone and brain damage and had been recovering in Kentucky, where he is stationed, before coming home for the holidays.

Sullivan was a wrestler and football player in high school in San Bernardino, about 60 miles east of Los Angeles. He had nine months to go in the military and then planned to become a firefighter or police officer. He always liked to help people, his brother said.

"Say there was a person at school who never had friends or nothing ? Chris would be the person who would go up to him and try to be his friend. He didn't like people to feel alone," Brandon Sullivan said. "He always had a smile on his face."

___

Associated Press writer Kristin M. Hall in Nashville, Tenn., contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/crime/*http%3A//news.yahoo.com/s/ap/20111229/ap_on_re_us/us_soldier_shot

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Tuesday, November 29, 2011

Europe bond yields to keep stocks spellbound (Reuters)

NEW YORK (Reuters) ? U.S. investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one, or losses could have been larger.

As another round of news and bond auctions from Europe begins next week, traders will watch closely sovereign bond yields that have kept markets on edge.

Yields rose in almost every euro-zone country this week, and Germany failed to find enough bids for a 10-year auction. The S&P 500 reacted by posting a second straight week of declines and its worst week in two months.

Politicians are scrambling to find a way out of a two-year-old sovereign debt crisis in the euro zone and a visit to Washington from top European Union officials, as well as a meeting of euro-zone finance ministers, will provide the market with headlines and possibly add to uncertainty.

With the specter of rising yields, France, Britain, Italy, Belgium and Spain are holding debt sales next week. The direction of bond yields will determine the direction of equity markets.

"Politicians are trying to buy themselves time so austerity measures kick in and impact budgets and deficits and markets become more forgiving and rates come down," said Wasif Latif, vice president of equity investments at the San Antonio, Texas-based USAA Investment Management, which manages about $45 billion.

"The credit market and fixed income are a little bit more in the eye of storm; that's where the issue is rising, so equities are more reactionary," he said. "You may continue to see more of the same."

Investors have worried about rising borrowing costs in many euro-zone nations, but Italy, the third-largest euro zone economy, has grabbed most of the focus. On Friday Rome paid a record 6.5 percent to borrow for six months and almost 8 percent to issue two-year zero coupon bonds.

Many market participants have said that the sharply differentiated risk-on and -off trades that the euro zone crisis has generated has seen equities being sold as an asset class, with little or no difference between strong and week balance sheets and earnings reports. But a wedge has opened at least from a global perspective, as data show stocks of companies with more exposure to Europe are underperforming.

POLITICS TO DRIVE THE WEEK

President Barack Obama will meet on Monday with European Council President Herman van Rompuy and European Commission President Jose Manuel Barroso, and Europe's response to the two-year sovereign debt crisis is expected to top the agenda.

"The only thing that will come out of that is speculation," said Todd Salamone, vice president of research at Schaeffer's Investment Research in Cincinnati, referring to the meeting in Washington.

"It will come down to the U.S. trying to convince European leaders to get something in place to solve this crisis."

Not many hopes are set either on Tuesday's meeting where euro-zone finance ministers are expected to agree on how to further strengthen the region's bailout fund.

On Thursday, European Central Bank President Mario Draghi presents the bank's annual report to the European parliament.

As the latest reminder from markets to politicians that they are running out of time, Belgium's credit rating was downgraded by Standard & Poor's.

IF EUROPE ALLOWS, DATA WILL BE KEY

Some of the most important U.S. economic monthly data will be released next week, but will it be enough to unlink the stock market's behavior and European yields.

New home sales and the S&P/Case-Shiller home prices index will start the week showing if the housing market continues on life support. Data on confidence among consumers, who flooded U.S. stores on Friday as the holiday shopping season started, will be released on Tuesday.

The Institute for Supply Management's manufacturing report is due, with investors not only looking at the U.S. number on Wednesday but also factory readings from Europe and China on Thursday.

By midweek labor data takes over with the private sector employment report from ADP and Challenger's job cuts report, followed Thursday by the weekly jobless claims numbers and topped by Friday's monthly non-farm payrolls report.

"It would be a little bit refreshing to focus on the U.S. data for a change," said Brian Lazorishak, senior quantitative analyst and portfolio manager at Chase Investment Counsel in Charlottesville, Virginia.

He said if European headlines allow it, the focus will be in the labor market where "most people are looking for modest improvement."

(Reporting by Rodrigo Campos; additional reporting by Edward Krudy; Editing by Kenneth Barry)

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/nm/20111127/bs_nm/us_usa_stocks_weekahead

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Monday, November 28, 2011

Senators challenge White House on terror suspects (AP)

WASHINGTON ? The top lawmakers on the Senate Armed Services Committee on Monday defended their approach to handling suspected terrorists in a sweeping defense bill, rejecting White House criticism and the threat of a presidential veto.

In an op-ed in The Washington Post, Democrat Carl Levin and Republican John McCain complained about a basic misunderstanding about the provision of the bill requiring military custody rather than civilian for a captured terror suspect. They argued that the bill includes a waiver that allows the administration to decide a suspect's fate as well as who should be covered by the requirement.

"Its provisions on detainees represent a careful, bipartisan effort to provide the executive branch the clear authority, tools and flexibility of action it needs to defend us against the threat posed by al-Qaida," the two senators wrote.

Not so, counters the White House and Defense Secretary Leon Panetta, who argue that the bill would limit the administration as it tries to act quickly in the war on terror.

"This unnecessary, untested and legally controversial restriction of the president's authority to defend the nation from terrorist threats would tie the hands of our intelligence and law enforcement professionals," the White House Office of Management and Budget said in a statement.

The provision would require military custody of a suspect deemed to be a member of al-Qaida or its affiliates and involved in plotting or committing attacks on the United States. Not only has it drawn a veto threat, but it has divided senior Senate Democrats, pitting Levin against leaders of the Intelligence and Judiciary committees.

The Senate planned to resume work on the massive defense bill on Monday with disputes looming over the military custody provision and others limiting the administration's authority to transfer detainees.

Levin, D-Mich., and Arizona's McCain, the top Republican on the Armed Services Committee, wrote that it would be tragic if the misunderstandings over the bill on detainee policy scuttled the legislation.

Source: http://us.rd.yahoo.com/dailynews/rss/uscongress/*http%3A//news.yahoo.com/s/ap/20111128/ap_on_go_co/us_congress_defense_bill

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Pope: sex abuse 'scourge' for all society (AP)

VATICAN CITY ? Pope Benedict XVI insisted on Saturday that all of society's institutions and not just the Catholic church must be held to "exacting" standards in their response to sex abuse of children, and defended the church's efforts to confront the problem.

Benedict acknowledged in remarks to visiting U.S. bishops during an audience at the Vatican that pedophilia was a "scourge" for society, and that decades of scandals over clergy abusing children had left Catholics in the United States bewildered.

"It is my hope that the Church's conscientious efforts to confront this reality will help the broader community to recognize the causes, true extent and devastating consequences of sexual abuse, and to respond effectively to this scourge which affects every level of society," he said.

"By the same token, just as the church is rightly held to exacting standards in this regard, all other institutions, without exception, should be held to the same standards," the pope said.

He didn't address accusations by many victims and their advocates that church leaders, including at the office in the Vatican that Benedict headed before becoming pontiff, systematically tried to cover up the scandals. Investigations, often by civil authorities, revealed that church hierarchy frequently transferred pedophile priests from one parish to another.

The pedophile scandal has exploded in recent decades in the United States, but similar clergy sex abuse revelations have tainted the church in many other countries, including Mexico, Ireland, and several other European nations, including Italy.

Benedict told the bishops that his papal pilgrimage to the United States in 2008 "was intended to encourage the Catholics of America in the wake of the scandal and disorientation caused by the sexual abuse crisis of recent decades."

Echoing sentiment he has expressed in occasional meetings with victims of the abuse on trips abroad, Benedict added: "I wish to acknowledge personally the suffering inflicted on the victims and the honest efforts made to ensure both the safety of our children and to deal appropriately and transparently with allegations as they arise."

Benedict seemed to be reflecting some churchmen's contentions that the church has wrongly been singled out as villains for the abuse.

The bishops were making periodic consultations with the Vatican, scheduled for every five years.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20111126/ap_on_re_eu/eu_vatican_sex_abuse

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