Mali official: French military arrived to help

BAMAKO, Mali (AP) — French military personnel are now helping Mali's military to fight radical Islamist rebels who control northern Mali and have advanced into the country's center, a Malian official said Friday.
Col. Abdrahmane Baby, a military operations adviser for the foreign affairs ministry confirmed that French troops had arrived in the country but gave no details about how many were there or what they specifically were doing.
"They are here to assist the Malian army," he told reporters in the capital, Bamako.
The announcement confirms reports from residents in central Mali who said Friday they saw Western military personnel arrive in the area, and that planes had landed at a nearby airport throughout the night.
The arrival of the French appears to be a response to a major push south by the Islamists, who seized the town of Konna on Thursday. The rebels have moved further south, toward the city of Mopti, where the Malian military has a major base. It is the furtherest south the rebels have gone since they grabbed control of northern Mali last year.
Earlier Friday, French President Francois Hollande said that the former colonial power was ready to help stop the advance of the Islamist extremists but did not specify what that would entail.
French Defense Minister Jean-Yves Le Drian wrote on his Twitter account Friday: "On the phone with (U.S. Defense Secretary) Leon Panetta about the Malian crisis. This afternoon with my European counterparts."
Residents who live near an airport about 30 miles (50 kilometers) from the captured town of Konna reported hearing planes arrive throughout the night. They could not say who, or what the planes were bringing.
The United Nations Security Council condemned the capture of Konna and called on U.N. member states to provide assistance to Mali "in order to reduce the threat posed by terrorist organizations and associated groups."
A regional military intervention to take back northern Mali from the Islamists was not likely before September, though the advance by the al-Qaida linked forces in the desert nation in northwest Africa creates pressure for earlier military intervention.
"France, like its African partners and the entire international community, cannot accept that," Hollande said in a speech to France's diplomatic corps, referring to the Islamists' advances.
A top French diplomat, who spoke on condition of anonymity because he was not authorized to speak publicly on the matter, said that France is now able to deploy military assets — notably air power — over Mali "very quickly."
He insisted that Hollande's speech is "not just words. ... When you say that you are ready to intervene, you have to be."
However, he declined to provide details about how such military action might take shape. France's position has been complicated because kidnappers in northern Mali hold seven French hostages.
For months, Hollande has said France would not send ground forces into Mali, and France is sticking to those plans, the official said. But Hollande's speech suggested that French air power could be used, the official said.
The fighting Wednesday and Thursday over the town of Konna represents the first clashes between Malian government forces and the Islamists in nearly a year, since the time the militants seized the northern cities of Gao, Kidal and Timbuktu.
The Islamists seized the town of Douentza four months ago after brief standoff with a local militia, but pushed no further until clashes broke out late Wednesday in Konna, a city of 50,000 people, where fearful residents cowered inside their homes. Konna is just 45 miles (70 kilometers) north of the government-held town of Mopti, a strategic port city along the Niger River.
"We have chased the army out of the town of Konna, which we have occupied since 11 a.m.," declared Sanda Abou Mohamed, a spokesman for the Ansar Dine militant group, speaking by telephone from Timbuktu.
A soldier, who spoke on condition of anonymity because he was not authorized to speak to journalists, acknowledged that the army had retreated from Konna. He said several soldiers were killed and wounded, though he did not have precise casualty figures. "We didn't have time to count them," he said.
While Konna is not a large town, it has strategic value as "the last big thing ... on the road to Mopti," said J. Peter Pham, director of the Africa program at the Washington-based Atlantic Council.
"I think the real target here is to seize the airstrip in Mopti, either to hold it or blow enough holes in it to render it useless," Pham said. "If you can seize the airstrip at Mopti, the Malian military's and African militaries' ability to fly reconnaissance in the north is essentially clipped."
Al-Qaida's affiliate in Africa has been a shadowy presence for years in the forests and deserts of Mali, a country hobbled by poverty and a relentless cycle of hunger. Most Malians adhere to a moderate form of Islam, where women do not wear burqas and few practice the strict form of the religion.
In recent months, however, the terror syndicate and its allies have taken advantage of political instability to push into Mali's northern towns, taking over an enormous territory they are using to stock weapons, train forces and prepare for jihad.
The Islamists insist they want to impose Shariah only in northern Mali, though there long have been fears they could push further south. Bamako, the capital, is 435 miles (700 kilometers) from Islamist-held territory.
The retreat by the Malian military raises questions about its ability to participate in a regional intervention.
Late last year, the 15 nations in West Africa, including Mali, agreed on a proposal for the military to take back the north, and sought backing from the United Nations.
The U.N. Security Council has authorized the intervention but imposed certain conditions. Those include training of Mali's military, which has been accused of serious human rights abuses since a military coup last year sent the nation into disarray.
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French troops in Mali to fight extremists

BAMAKO, Mali (AP) — France's military started an air operation Friday to help Malian soldiers fight radical Islamists, drawing the former colonial power into a military intervention to oust the al-Qaida-linked militants nine months after they seized control of northern Mali.
The arrival of the French dramatically ups the stakes in a conflict taking place in a swath of lawless desert where kidnappings and brutality have flourished.
It also comes as the Islamists advance ever closer toward the most northern city still under government control and after they fought the Malian military for the first time in months.
French President Francois Hollande said Friday that the operation would last "as long as necessary" and said it was aimed notably at protecting the 6,000 French citizens in Mali. Kidnappers currently hold seven French hostages in the country.
"French army forces supported Malian units this afternoon to fight against terrorist elements," he said.
The foreign minister, Laurent Fabius, said, "To the question of whether there was an aerial intervention, the response is yes." He wouldn't comment on troops on the ground, arguing that such information would give "hints to terrorists." He said France had discussed the move with U.S. officials earlier Friday.
France's announcement comes after residents in central Mali said they had seen Western military personnel arriving in the area, and that planes had landed at a nearby airport throughout the night.
Col. Abdrahmane Baby, a military operations adviser for the foreign affairs ministry, also confirmed in the Malian capital of Bamako that French troops had arrived in the country. He gave no details about how many were there or what they specifically were doing.
"They are here to assist the Malian army," he told reporters in the capital of Bamako.
France has led a diplomatic push for international action in northern Mali but efforts to get an African-led force together, or to train the weak Malian army, have dragged.
The French quickly mobilized after the Islamists seized a key town on Thursday, pushing closer to the army's major base in central Mali.
The United Nations Security Council has condemned the capture of Konna and called on U.N. member states to provide assistance to Mali "in order to reduce the threat posed by terrorist organizations and associated groups."
France's position has been complicated because for months, Hollande has said France would not send ground forces into Mali.
The French foreign minister insisted that the recent advances by the extremists made intervention necessary, and said the aim of the operation is to "stop the advance of criminal and terrorists groups on the south" of Mali.
Late last year, the 15 nations in West Africa, including Mali, agreed on a proposal for the military to take back the north, and sought backing from the United Nations.
The U.N. Security Council authorized the intervention but imposed certain conditions. Those include the training of Mali's military, which has been accused of serious human rights abuses since a military coup last year sent the nation into disarray.
The fighting Wednesday and Thursday over the town of Konna represents the first clashes between Malian government forces and the Islamists in nearly a year, since the militants seized the northern cities of Gao, Kidal and Timbuktu.
The Islamists seized the town of Douentza four months ago after brief standoff with a local militia, but pushed no further until clashes broke out late Wednesday in Konna, a city of 50,000 people, where fearful residents cowered inside their homes. Konna is just 45 miles (70 kilometers) north of the government-held town of Mopti, a strategic port city along the Niger River.
"We have chased the army out of the town of Konna, which we have occupied since 11 a.m.," declared Sanda Abou Mohamed, a spokesman for the Ansar Dine militant group, speaking by telephone from Timbuktu.
A soldier, who spoke on condition of anonymity because he was not authorized to speak to journalists, acknowledged that the army had retreated from Konna. He said several soldiers were killed and wounded, though he did not have precise casualty figures. "We didn't have time to count them," he said.
While Konna is not a large town, it has strategic value as "the last big thing ... on the road to Mopti," said J. Peter Pham, director of the Africa program at the Washington-based Atlantic Council.
"I think the real target here is to seize the airstrip in Mopti, either to hold it or blow enough holes in it to render it useless," Pham said. "If you can seize the airstrip at Mopti, the Malian military's and African militaries' ability to fly reconnaissance in the north is essentially clipped."
Al-Qaida's affiliate in Africa has been a shadowy presence for years in the forests and deserts of Mali, a country hobbled by poverty and a relentless cycle of hunger. Most Malians adhere to a moderate form of Islam, where women do not wear burqas and few practice the strict form of the religion.
In recent months, however, the terror syndicate and its allies have taken advantage of political instability to push into Mali's northern towns, taking over an enormous territory they are using to stock weapons, train forces and prepare for jihad.
The Islamists insist they want to impose Shariah only in northern Mali, though there long have been fears they could push further south. Bamako, the capital, is 435 miles (700 kilometers) from Islamist-held territory.
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Peace deal announced for C. African Republic

LIBREVILLE, Gabon (AP) — Central African Republic President Francois Bozize and the rebels who sought to overthrow him have reached a deal that will allow him to stay in office until his term ends in 2016, officials said Friday.
The announcement came after several days of peace talks in Gabon, which were organized after an alliance of rebels groups swept through the north of the country and seized control of a dozen towns.
On Friday, Bozize publicly shook hands with the rebel representatives — whom he had denounced as terrorists just two days before — and other political opponents to seal the deal that spares his ouster.
The rebel offensive stopped short of the capital of Bangui but posed the gravest threat to Bozize during his nearly 10 years in power.
"The president, backed into a corner, was forced to make a number of concessions and to make true of his promise to encourage a government of national unity," Margaret Vogt, U.N. special envoy to Central African Republic, told the U.N. Security Council by videoconference from Libreville, Gabon.
Bozize said he would move to dissolve the government Saturday so that a national unity government could be formed that would be led by a prime minister chosen by the political opposition.
"For me, it's a victory for peace because from now on Central Africans in conflict zones will be finally freed from their suffering," Bozize said upon arriving at the airport back in Bangui. "I ask everyone to stay calm. As for me, I still remain the president of Central African Republic."
News of the agreement, which includes a cease-fire, was met with relief on the streets of Bangui, the capital of Central African Republic.
"This agreement could help to calm the anxiety of people who are truly afraid," said Albert Mbaya, 40, a philosophy professor in Bangui.
While Friday's agreement appears to suggest a swift resolution to the rapidly advancing rebellion, it still remains to be seen whether forces on the ground will abide by the deals reached in Gabon.
Seleka, which means alliance in the local Sango language, is made up of four separate groups — some of whom have previously fought one another.
Friday's announcement also does not explicitly address some of the broader grievances raised by the rebels, including aid to the deeply impoverished north of Central African Republic.
The fighters, who began their collective offensive on Dec. 10, had previously called for Bozize to step down from power and had dismissed his calls to form a national unity government.
Under the deal announced Friday, neither the prime minister nor the president would be eligible to take part in the next presidential election, Vogt said.
Friday's agreement also includes a provision that legislative elections will be organized in a year, according to a statement read by Chadian Foreign Affairs Minister Moussa Faki Mahamat.
"The mandate of President Bozize is a constitutional question. We cannot challenge the Central African Republic's constitution," said Chadian President Idriss Deby, who presided over the closing ceremony for the talks.
Bozize seized power in 2003 after a rebellion, and later went on to win elections in 2005 and 2011, though the United States and others have described the votes as deeply flawed.
His government gained support earlier this month when militaries from neighboring countries Chad, Gabon, Republic of Congo and Cameroon all sent forces to help stabilize Central African Republic. Additionally, South Africa also has sent military aid.
Despite Central African Republic's wealth of gold, diamonds, timber and uranium, the government remains perpetually cash-strapped. The land-locked nation of 4.4 million, a former French colony, is among the poorest countries in the world.
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Former Yankees manager Joe Torre wants focus on child abuse

WASHINGTON (Reuters) - A government commission co-led by former New York Yankees manager Joe Torre said on Wednesday that the U.S. federal and local governments are not doing enough to identify and treat child victims of abuse and violence.
At a meeting with representatives from major federal departments, the commission of academics, law enforcement officials and others, issued 56 recommendations to help child victims, including expanded training for social workers.
Torre, whose own childhood with an abusive father led him to start a charitable foundation focusing on the issue of child abuse, said many social workers and law-enforcement officials simply did not know how to spot signs of domestic abuse.
"I don't think society knows how to react, even if they think something's going on," said Torre, who won four World Series championships with the Yankees and is now an executive in Major League Baseball.
The failure of Penn State University to report former assistant football coach Jerry Sandusky for child abuse - charges Sandusky was convicted of this year - was one example, Torre said.
The commission, set up by the Justice Department and known as the Task Force on Children Exposed to Violence, has held hearings for the past year. U.S. Attorney General Eric Holder has made the issue a priority.
Banging his fist on a table for emphasis, Holder told the commission its ideas would not sit on a shelf gathering dust, and that he would push the White House for support.
"The Justice Department is a big organization with a lot of tentacles in a lot of places, and my hope is to use the time I have as attorney general to continue the effort," Holder said at a news conference after the meeting.
President Barack Obama has not said whether he wants Holder to serve into a second term, though Holder is expected to stay on as the chief U.S. law enforcement official at least into early 2013.
Holder said there was a moral imperative for the U.S. government to support child victims - whether they have witnessed violence at home, in gangs or elsewhere - and a financial incentive to do so if those children are kept off a path to crime.
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Korean closer Lim heading to Chicago Cubs

(Reuters) - South Korean closer Lim Chang-yong is set to sign a deal with Major League Baseball's Chicago Cubs, though the sidearm pitcher is unlikely to be able to take the mound again until late next season.
The 36-year-old righthander, who had elbow surgery earlier this year, told reporters at Incheon Airport on Thursday he had long dreamed of signing for a major league team.
Lim tallied 296 saves in his 18-year career in Korea and Japan and could wind up pitching against compatriot Choo Shin-soo, who was acquired by the Cubs' NL Central rivals Cincinnati on Tuesday.
"I want to play the kind of baseball that I'm known for, and give the fans enjoyment," said Lim, adding that the deal was worth up to $5 million over two years.
Lim, who spent the last five season in Japan with the Tokyo Yakult Swallows and is known for his scorching fastball, said the Cubs would give him enough time to recover from the surgery before putting him into the bullpen.
"After enough rehab I want to get back on the mound in the middle or towards the end of next season," said Lim, adding that the Cubs were placing more importance on 2014 for the former Japanese baseball All Star.
Lim made his professional debut with South Korea's Haitai Tigers in 1995 and also played with the Samsung Lions in Korea.
He earned a bronze medal at the Sydney Olympics and was part of the South Korean team that finished second at the 2009 World Baseball Classic.
"I'm happy that my dream has finally came true," said Lim.
"I'm not young any more and I wanted to do something that I've never experienced before.
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Braves swap starter Hanson for Angels reliever Walden

(Reuters) - The Atlanta Braves borrowed from their starting rotation to boost their bullpen by trading Tommy Hanson to the Los Angeles Angels for hard-throwing reliever Jordan Walden, the Major League Baseball teams said on Friday.
Both young pitchers have shown glimmers of greatness but slipped back last season.
Hanson, 26, who broke into the majors midway through the 2009 season and went 11-4 with a 2.89 ERA, was 13-10 with a 4.48 ERA last season and has struggled to regain his velocity after enduring shoulder and back discomfort during the 2011 season.
Walden, 25, who saved 32 games for the Angels in 2011 along with a 5-5 record and 2.98 ERA, lost his closer's job last season and posted a 3-2 mark with a 3.46 earned run average out of the bullpen.
"As we looked at our young pitching, we felt like we would be able to cover our starting needs," Braves General Manager Frank Wren said. "The area we wanted to reinforce was to put another power arm in our bullpen.
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Verizon narrows AT&T’s smartphone lead

Earlier this week, AT&T (T) announced it had activated 10 million smartphones in the fourth quarter of 2012, up from 9.4 million in the same quarter a year earlier. On Wednesday, Verizon (VZ) announced it activated 9.8 million smartphones last quarter. This is just 200,000 units below AT&T. But more importantly, it’s up a robust 2.1 million units from the 7.7 million smartphones Verizon activated a year earlier.
[More from BGR: iPhone 5 now available with unlimited service, no contract on Walmart’s $45 Straight Talk plan]
The two U.S. mega-carriers closed the year running neck and neck in smartphone activations. It’s fascinating that Verizon has been able to improve its competitive position relative to AT&T so much in just one year.
[More from BGR: Is Samsung the new Apple?]
It is worth pointing out that the iPhone represented 55% of Verizon’s smartphone activations in Q4. Verizon also announced that in this past Christmas quarter, its smartphone growth was “stimulated by a higher mix of Apple (AAPL) smartphones.” It sounds like the iPhone may have topped 60% of Verizon’s total smartphone units.
After the iPhone debuted at Verizon in February 2011, the immediate impact on the Verizon-AT&T rivalry seemed to have been muted. It took some time for the iPhone boost to kick in for Verizon. During the years when AT&T held iPhone exclusivity, Verizon built up reasonably strong fan bases for Android models built by Samsung (005930), Motorola and HTC (2498).
Now that iPhone makes up most of Verizon’s smartphone sales, it still gets that extra boost from being the leading Android operator. Motorola’s DROID RAZR models are solid performers at Verizon right now.
The tightening smartphone competition between Verizon and AT&T inevitably raises the question of how the carriers will treat the new BlackBerry and Windows Phone models launching in 2013. AT&T has initially been far more supportive of Windows Phones. Will the Verizon surge give AT&T an incentive to throw serious marketing money behind BlackBerry 10 and Windows Phone models this spring? Is Verizon going to remain chilly towards Microsoft (MSFT) and keep the focus on its strong Android-Apple stable?
The allocation of marketing resources has rarely been as important as it will be in the second quarter of 2013.

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Holmes Took Cell-Phone 'Selfies' with Black Contacts, Guns, and Tongue Out

Preliminary hearings on the legal fate of accused Aurora movie theater shooter James Holmes wrapped today, after the revelation of disturbing images from Holmes's cell phone. The defense chose not to call any witnesses yet.
RELATED: Expert: Aurora Suspect's 'House Bomb' a Favorite of Iraqi Insurgents
By withholding their case at this juncture, the defense let prosecutors end the hearing on an upsetting note. This morning they presented photos Holmes took of himself at about 6:30 p.m. on the night of the shooting, as he brandished the weapons he allegedly used to kill 12 people gathered to watch a midnight screening of The Dark Knight Rises at Aurora's Century 16 theater. In one of these disturbing self-takes, Holmes's eyes are blackened out by dark contact lenses. In another, he's smiling. One shot even has him sticking his tongue out. Because this is a closed-door hearing, the general public can't see these photos. But court sketch artist Bill Robles drew a quick take on one of the shots, as tweeted by CNN's Jim Spellman.
Incomplete sketch of James Holmes self portrait wearing black contacts and showing a gun. Chilling #cnn @hlntv twitter.com/jimspellmancnn…
— jim spellman (@jimspellmancnn) January 9, 2013
Other photos retrieved from Holmes's phone show his personal arsenal and interiors of the movie theater a few days before the attack — all evidence of Holmes' "identity, deliberation and extreme indifference," according to the prosecution.
RELATED: Did James Holmes Send a Notebook Outlining Aurora Massacre?
Since the case hasn't gone to trial yet (this hearing was only held to determine whether a trial is called for), the defense chose not to play its full hand. Holmes's attorneys said this wasn't the time or venue for them to examine witnesses, so we didn't get to hear from the two they subpoenaed to testify about Holmes's mental health. They "had a change of position" about calling these witnesses to the stand. Now we wait until Friday, when Judge William Sylvester will have to determine whether the case goes to trial or not.
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RIM to launch six new BlackBerry 10 devices in 2013

Research In Motion (RIMM) has wisely decided not to put all its eggs in the high-end basket and will be releasing a wide range of smartphones selling at different price points this year, FierceWireless reports. At the Consumer Electronics Show this week, RIM CMO Frank Boulben said that his company plans to release six different BlackBerry 10 devices in 2013 that will include phones in the high, medium and low prices ranges. Having low-end BlackBerry 10 devices is particularly crucial for RIM if it wants to expand upon the success it’s had over the past year in emerging markets such as South Africa and Nigeria, where the company is coming under pressure from a flood of low-cost Android handsets.
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U.S. Housing Market Still On Life Support

With each passing year, the former Oracle of the Fed, Alan Greenspan, is reminded that there really was a housing bubble and lowering interest rates to record lows just matters worse.  Nearly four years after the housing market peak in 2007, record low mortgage rates are no match for falling incomes and 9% unemployment.
The Case-Shiller Home Price Index, released on Tuesday, showed that nation wide home prices did not register a significant change in the third quarter of 2011, with the U.S. National Home Price Index up by only 0.1% from its second quarter level. Home prices are down 3.9% across the board and are now back to their first quarter of 2003 levels.
From August to September, housing prices have fallen the most in Atlanta, with a 5.9% decline, followed by Tampa Bay and San Francisco, both with a 1.5% drop in housing prices.
Boston, New York, Washington and Los Angeles remain the most expensive cities in the lower 48 states.
"The plunging collapse of prices seen in 2007-2009 seems to be behind us," says David M. Blitzer, Chairman of the Index Committee at S&P Indices. "Any chance for a sustained recovery will probably need a stronger economy."
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Home market being held back by wary first-timers

WASHINGTON (AP) — This should be a great time to buy a first home. Prices have sunk to 2002 levels. Sellers are waiting anxiously as homes languish on the market. Mortgage rates are their lowest ever.
Yet the most likely first-time homeowners, especially young professionals and couples starting families, won't buy these days. Or they can't. Or they already did, during the housing boom. And their absence helps explain why the housing industry is still depressed.
The obstacles range from higher down payments to heavy debt from credit cards and student loans. But even many of those who could afford to buy no longer see it as a wise investment. Prices have sunk 15 percent in three years.
"I've looked for a home, but the places we can afford with the money we have are not that great," says Seth Herter, 23, a store manager in suburban St. Louis. "It also doesn't seem smart anymore to buy with prices falling. Buying a home just doesn't make sense to us."
The proportion of U.S. households that own homes is at 65.1 percent, its lowest point since 1996, the Census Bureau says. That marks a shift after nearly two decades in which homeownership grew before peaking at 70 percent during the housing boom.
The housing bubble lured so many young buyers that it reduced the pool of potential first-timers to below-normal levels. That's contributed to the decline in new buyers in recent years.
In 2005, at the height of the boom, about 2.8 million first-timers bought homes, according to the National Association of Realtors. By contrast, for each of the four years preceding the boom, the number of first-timers averaged fewer than 2 million.
Still, the bigger factors are the struggling economy, shaky job security, tougher credit rules and lack of cash to put down, said Dan McCue, research manager at Harvard University's Joint Center for Housing Studies. The unemployment rate among typical first-timers, those ages 25 to 34, is 9.8 percent, compared with 9 percent for all adults.
"The obstacles facing first-time buyers are big, and it's changing the way they look at home ownership," McCue says. "It's no longer the American Dream for the younger generation."
First-timers usually account for up to half of all sales. Over the past year, they've accounted for only about a third.
A big reason is tougher lending standards.
Lenders are demanding more money up front. In 2002, the median down payment for a single-family home in nine major U.S. cities was 4 percent, according to real estate website Zillow.com. Today, it's 22 percent.
And one-third of households have credit scores too low to qualify for a mortgage. The median required credit score from FICO Inc., the industry leader in credit ratings, has risen from 720 in 2007, when the market went bust, to 760 today.
Homes in many places are the most affordable in a generation. In the past year, the national median sale price has sunk 3.5 percent. Half the homes listed in the Tampa Bay area are priced below $100,000.
The average mortgage rate for a 30-year fixed loan is 4 percent, barely above an all-time low. Five years ago, it was near 6.5 percent. In 2000, it exceeded 8 percent.
When the economy eventually strengthens, the housing market will, too. More people will be hired. Confidence will rise. Down payments won't be so hard to produce.
The question is whether first-time buyers will then start flowing into the housing market. That will depend mainly on whether they think prices will rise, said Mark Vitner, senior U.S. economist at Wells Fargo.
"It's a guessing game as to when things will turn around," Vitner said. "But until they do, you won't see young people buying homes."
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First Person: I Repaid My Student Loans While Still in College

*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles.
The first two years of my college experience was spent at a community college. My tuition was covered, but I took out a loan for $20,000 to cover living expenses. Upon transferring to a costly four-year university I received a hefty scholarship, which covered most of my expenses. Still, my loans were at $11,500 per year. The day of my graduation, I received the coveted diploma and a not-so-coveted array of bills for my student loans.
However, the difference between other students and myself was the large sum of money lingering my savings account that I started four years prior. Let me explain how I managed to pay off my bills on the same day that I graduated from college:
Federal Loans Only
The first goal during my college career was to stay away from private student loans because they are nightmares. Trust me, I know. I took out a $5,000 private student loan in my first year of college and watched it as it was passed around from lender to lender and the interest rate jumped around, ranging from 8% to 20%. Not to mention the compounding of interest that increased the loan nearly $1,500 in eight months. Needless to say, I paid that off with every dime that I had to give to it by taking on a job. Please, if you can avoid them, do not take out alternative loans.
The government offers student loans at wonderful interest rates and the government will pay the interest of the loan while you are pursuing your education.
Monthly Payments While in School
Let's evaluate my loans. During years one and two, I took out $7,500 for each year. My plan was to get a job that I could take the money that I would need to pay off the loan in one year and pay it into a high-interest savings account. That meant that for years one and two, I paid $625 into my savings account each month. During years three and four, I took out $11,500 per year, which meant that I had to contribute $960 each month to the savings account. This may seem like a lot of money, but at the time I was single and still didn't have my daughter (until the fourth year), so it was easy to have all of my expenses paid, get a job on the side and contribute all of that money into a savings account.
At the end of the four years, I had contributed $43,000 to my savings account and earned about $1,000 in interest on the money.
On the day of my graduation I was able to pay off my student loans and never had to pay a cent of interest. If you are financially capable to do this, then I suggest that you do it. All it takes is finding extra income through a part time job or funding. You will save thousands of dollars in interest if you can manage this. If you cannot afford to pay the monthly payment, then pay half of it or pay what the interest would be on the loan. That way you can make a lump sum payment at the end of your college education.
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Reds land Korean Choo in trade with Indians, D-Backs

(Reuters) - The Cincinnati Reds acquired South Korean outfielder Choo Shin-soo from the Cleveland Indians on Tuesday in a three-team trade that involved nine players.
The 30-year-old Choo, entering the final year of his contract, declined to sign an extension with the Indians and will now give the Reds a potential lead-off hitter who batted .283 with 16 home runs last season.
"He fills the one big void that we had and that was a lead-off hitter and someone with the ability to get on base," Reds General Manager Walt Jocketty told MLB.com.
The Reds also picked up infielder Jason Donald and $3.5 million from Cleveland.
In exchange, the Indians receive outfielder Drew Stubbs and 21-year-old pitching prospect Trevor Bauer from the Reds along with pitchers Matt Albers and Bryan Shaw from the Arizona Diamondbacks.
The Diamondbacks get shortstop Didi Gregorius from Cincinnati along with pitcher Tony Sipp and infielder Lars Anderson from the Indians.
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Former Yankees manager Joe Torre wants focus on child abuse

WASHINGTON (Reuters) - A government commission co-led by former New York Yankees manager Joe Torre said on Wednesday that the U.S. federal and local governments are not doing enough to identify and treat child victims of abuse and violence.
At a meeting with representatives from major federal departments, the commission of academics, law enforcement officials and others, issued 56 recommendations to help child victims, including expanded training for social workers.
Torre, whose own childhood with an abusive father led him to start a charitable foundation focusing on the issue of child abuse, said many social workers and law-enforcement officials simply did not know how to spot signs of domestic abuse.
"I don't think society knows how to react, even if they think something's going on," said Torre, who won four World Series championships with the Yankees and is now an executive in Major League Baseball.
The failure of Penn State University to report former assistant football coach Jerry Sandusky for child abuse - charges Sandusky was convicted of this year - was one example, Torre said.
The commission, set up by the Justice Department and known as the Task Force on Children Exposed to Violence, has held hearings for the past year. U.S. Attorney General Eric Holder has made the issue a priority.
Banging his fist on a table for emphasis, Holder told the commission its ideas would not sit on a shelf gathering dust, and that he would push the White House for support.
"The Justice Department is a big organization with a lot of tentacles in a lot of places, and my hope is to use the time I have as attorney general to continue the effort," Holder said at a news conference after the meeting.
President Barack Obama has not said whether he wants Holder to serve into a second term, though Holder is expected to stay on as the chief U.S. law enforcement official at least into early 2013.
Holder said there was a moral imperative for the U.S. government to support child victims - whether they have witnessed violence at home, in gangs or elsewhere - and a financial incentive to do so if those children are kept off a path to crime.
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Korean closer Lim heading to Chicago Cubs

(Reuters) - South Korean closer Lim Chang-yong is set to sign a deal with Major League Baseball's Chicago Cubs, though the sidearm pitcher is unlikely to be able to take the mound again until late next season.
The 36-year-old righthander, who had elbow surgery earlier this year, told reporters at Incheon Airport on Thursday he had long dreamed of signing for a major league team.
Lim tallied 296 saves in his 18-year career in Korea and Japan and could wind up pitching against compatriot Choo Shin-soo, who was acquired by the Cubs' NL Central rivals Cincinnati on Tuesday.
"I want to play the kind of baseball that I'm known for, and give the fans enjoyment," said Lim, adding that the deal was worth up to $5 million over two years.
Lim, who spent the last five season in Japan with the Tokyo Yakult Swallows and is known for his scorching fastball, said the Cubs would give him enough time to recover from the surgery before putting him into the bullpen.
"After enough rehab I want to get back on the mound in the middle or towards the end of next season," said Lim, adding that the Cubs were placing more importance on 2014 for the former Japanese baseball All Star.
Lim made his professional debut with South Korea's Haitai Tigers in 1995 and also played with the Samsung Lions in Korea.
He earned a bronze medal at the Sydney Olympics and was part of the South Korean team that finished second at the 2009 World Baseball Classic.
"I'm happy that my dream has finally came true," said Lim.
"I'm not young any more and I wanted to do something that I've never experienced before."
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Rate on 30-year mortgage drops to record 3.89 pct.

 Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. But few are able to take advantage of the historic rates.
Freddie Mac said Thursday the average rate on the 30-year fixed mortgage fell to 3.89 percent. That's below the previous record of 3.91 percent reached three weeks ago.
Records for mortgage rates date back to the 1950s.
The average on the 15-year fixed mortgage ticked down to 3.16 percent. That's down from a record 3.21 percent three weeks ago.
Mortgage rates are lower because they track the yield on the 10-year Treasury note, which fell below 2 percent. They could fall even lower this year if the Fed launches another round of bond purchases, as some economists expect.
Average fixed mortgage rates hovered around 4 percent at the end of 2011. Yet many Americans either can't take advantage of the rates or have already done so.
High unemployment and scant wage gains have made it harder for many people to qualify for loans. Many don't want to sink money into a home that they fear could lose value over the next few years.
Mortgage applications have fallen slightly on a seasonally adjusted basis over the past four weeks, according to the Mortgage Bankers Association.
Frank Nothaft, Freddie Mac's chief economist, said that until hiring picks up and unemployment drops significantly, the impact of lower mortgage rates will remain muted.
Previously occupied homes are selling just slightly ahead of 2010's dismal pace. New-home sales in 2011 will likely be the worst year on records going back half a century.
Builders hope that the low rates could boost sales next year. Low mortgage rates were cited as a key reason the National Association of Home Builders survey of builder sentiment rose in December to its highest level in more than a year.
But so far, they have had little impact on the depressed housing market.
To calculate the average rates, Freddie Mac surveys lenders across the country Monday through Wednesday of each week. The average rates don't include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.
The average fee for the 30-year loan fell to 0.7 from 0.8; the average on the 15-year fixed mortgage was unchanged at 0.8.
For the five-year adjustable loan, the average rate declined to 2.82 percent from 2.86 percent. The average on the one-year adjustable loan fell to 2.76 percent from 2.80 percent.
The average fee on the five-year adjustable loan rose was unchanged at 0.7; the average on the one-year adjustable-rate loan was unchanged at 0.6.
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First Person: What My College Degree Means to Me

*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles.
My college degree helped me pursue a successful 30-year career in advertising and public relations. However, it only happened after I realized I had not made the right decision in choosing my college major.
Pursuing The Major Course I Wanted
It all began when I had earned four years of tuition under the GI Bill of Rights by serving in the U.S. Navy. Ever since childhood, I had wanted to be an artist, and that was my chance to enroll as a fine arts freshman at the Philadelphia Museum College of Art (now the University of the Arts).
An Enjoyable Fine Arts Education
Throughout my undergraduate years, I appreciated the challenges and encouragement of the school's excellent teaching staff. My courses consisted of drawing, painting, sculpture and other fine arts classes. Some of my paintings were accepted for exhibition at local galleries. I was graduated with top honors and the degree of bachelor of fine arts.
Then it was time for me to earn a living from what I had learned in four years of college. I made the rounds of the many galleries in Philadelphia and New York selling my art, and had some moderate success. However, the sales were few and far between, and my income wasn't nearly enough to support myself.
Had I Made an Error in Judgment?
After a year, I came to the conclusion that I had chosen a field that, while traditionally attractive, wasn't practical in the reality of today's business world. While I hadn't wasted my four years of fine arts studies, they had not prepared me for the necessity of making a living.
I had several choices. I could go on painting, get some kind of part-time job to pay my bills, and hope I'd eventually become a successful exhibiting artist. The other choice was to go back to college and major in practical business subjects.
Fortunately, an application I'd sent to the University of Pennsylvania earned me a lab assisantship and free tuition at the Annenberg Graduate School of Communications there. I majored in mass communications and public relations, with a minor in graphic arts. After two years, and armed with a much more practical resume, I began another job search.
A Favorable Career Turn
Another fortunate opportunity coincided with earning my Master of Arts in Communications degree. Prudential Financial, Inc. was just establishing an Eastern regional office in a Philadelphia suburban area, and hiring a staff of more than 3,000 employees. I applied for the newly-created position of Public Relations and Advertising Manager, and was hired to direct the 30-person creative staff.
I recently retired after 30 years with Prudential. Today I consider my education choices and experiences may be of value to college students in the same situation I was after earning my bachelor's degree. Looking back, I had not realized then the impracticality of attempting a fine arts path in the real world where income opportunities are very limited.
Business-related degrees are essential in finding practical career promises. I believe my decision to enhance my education goals beyond fine arts to communications offered me those opportunities. For today's students, armed with the right credentials and personal determination, there's no limit to the heights that talent, hard work and ambition can earn for them.
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A lesson in pop culture via Guantanamo

SAN JUAN, Puerto Rico (AP) — An Afghan man who is being held with the most significant terrorism suspects in U.S. custody has apparently gained extensive knowledge of western pop culture in an unlikely place: the top secret prison-within-a-prison in Guantanamo Bay.
Nearly five years ago, Mohammed Rahim al-Afghani became the last prisoner sent to Guantanamo. He was accused of helping Osama bin Laden elude capture, and the CIA had interrogated him for months at an undisclosed location before he was locked away in Guantanamo's Camp 7, a prison unit shrouded in secrecy that holds about 15 men who have been designated "high value" detainees by the U.S. government.
With no court appearances, or even charges filed, nothing was heard from Rahim and he has remained largely a mystery. So, it was a surprise when his lawyer, Carlos Warner, released letters from the detainee described by the head of the CIA as a "tough, seasoned jihadist." More surprising still was the content: quirky notes peppered with references to Howard Stern, Fox News and the global video hit of South Korean singer PSY.
"Dear Mr. Warner," he wrote. "I like this new song Gangnam Style. I want to do the dance for you but cannot because of my shackles."
In another letter, the multilingual Rahim shows some familiarity with American slang. He tells his lawyer, most likely in jest, that he has adopted a banana rat, a rodent commonly spotted around the U.S. base in Cuba. "Tell the guards to leave my friend alone. They need to chillax."
It's hardly what one would expect from a middle-age Afghan who has never been to the U.S. While there is still little public information about Rahim, the letters provide some insight into the man — and suggest that the prisoners in Camp 7, a group that includes five charged with aiding and orchestrating the Sept. 11 terror attack, are not completely isolated from the outside world.
To Warner, a federal public defender for the Northern District of Ohio, the letters humanize a man who he contends has been demonized by U.S. authorities, who allege he worked as a translator and assistant to bin Laden and other al-Qaida leaders. The lawyer says the letters demonstrate a surprising amount of resilience.
"It shows he's different and he's intelligent," Warner said. "Just think that he's doing this under all the restrictions that's he's under down there. He has an incredibly good sense of humor."
There have been letters released to the media in the past from other detainees at Guantanamo, often providing valuable information about a prison that will have been open for 11 years on Jan. 11. Sami al-Haj, an Al-Jazeera journalist when he was captured and sent to Guantanamo, provided detailed accounts of a hunger strike before he was eventually released. Shaker Aamer, the last resident of Britain still held at the prison, has given an insider's view on confinement conditions.
Rahim's are different because he is in Camp 7, and the content departs so sharply from what one might expect from a jihadist. "I want you to contact Amanda Palmer," he wrote Nov. 6, referring to the American singer. "... Ask her to write a song about me and my family."
Warner and U.S. officials are prohibited from publicly discussing Rahim's life and the allegations against him, but the broad outlines are in a public document filed in federal court by the government in response to Warner's filing of a civil writ of habeas corpus seeking the prisoner's release.
The document says Rahim is about 47 and was born in eastern Afghanistan. He fled with his family over the border to Pakistan when the Soviet Union invaded in 1979. Rahim has told authorities that he returned temporarily to fight the invaders, a war that killed two of his brothers, and moved back permanently once they retreated from the country.
A younger brother, Abdul Basit, told The Associated Press in London, where he is seeking asylum, that Rahim eventually got a job working for an Afghan government committee responsible for eradicating opium poppies, but that he was forced from the job by members of the Taliban, the Islamic fundamentalist movement that emerged in the 1990s.
Basit, who was detained by the U.S. military for five years in Afghanistan, says his brother is a well-educated man who was not particularly interested in global politics. He suggests his brother is being held more for who he might know rather than what he has done. "There is no reason to put him in Guantanamo for this long time," Basit said in broken English.
The Justice Department document says Rahim began helping the Taliban in the 1990s and that job morphed into working for al-Qaida. It cites two other prisoners and an undisclosed source identifying Rahim as a close associate of bin Laden. Rahim was captured in Pakistan in 2007 and turned over to the CIA, in whose custody he was subjected to prolonged sleep deprivation. He was transferred to Guantanamo in March 2008.
In photos taken by the Red Cross at Camp 7, and obtained by the AP from the prisoner's family in Afghanistan, Rahim has a long flowing beard. In one, he smiles broadly at the camera.
The first letters from Rahim released by Warner were in June, including one in which he disclosed that Majid Khan, a former Maryland resident who pleaded guilty to aiding al-Qaida, had acquired a cat at Camp 7, which AP reported at the time. The Pentagon and prison officials declined comment and said they could not discuss conditions of confinement for high-value detainees, although they added that prisoners are not permitted to have pets.
The rest of the letters came during or after subsequent visits by Warner, who had them cleared by the military before releasing them to the AP. None are more than a few sentences, and contain many typographical errors, which have been corrected for this story for the sake of clarity.
In one, Rahim returns to the theme of his fellow prisoner's alleged cat. "I want a dog," he writes. "I will train my dog to chase Majid Khan's cat."
In separate notes, he asks Warner to appeal for help from radio personality Howard Stern. "If he is the 'King of All Media' he can help me."
In another, he criticizes Fox News' "Fair and Balanced" slogan, writing that if that were true the channel "would not have to say it every five minutes."
How he came by this information is not clear. A prison spokesman, Navy Capt. Robert Durand, won't discuss life in Camp 7 but he says that "where satellite television and radio is available for detainees," they have access to a wide variety of channels in Arabic, Farsi, English, Russian, Spanish and other languages. The line-up, however, apparently does not include Howard Stern or Fox.
With no Internet access, he could have picked up such information from other shows or through Warner, who has spent hours with him and delivered magazines such as Rolling Stone, Sports Illustrated and The Economist.
The U.S. military will not say when or if Rahim will be charged. His name does not appear on the list of detainees who have been cleared for release from Guantanamo and his name was not among those mentioned as possible candidates for an exchange with the Taliban as part of a peace deal.
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Chavez suffers new complications in cancer fight

CARACAS, Venezuela (AP) — President Hugo Chavez's new complications after cancer surgery prompted his closest allies to call for Venezuelans to pray for him on Monday, presenting an increasingly bleak outlook and prompting growing speculation about whether the ailing leader has much longer to live.
Vice President Nicolas Maduro looked weary and spoke with a solemn expression as he announced in a televised address from Havana on Sunday that Chavez now confronts "new complications" due to a respiratory infection nearly three weeks after his operation. He described Chavez's condition as delicate.
The streets of Caracas were abuzz on Monday with talk of Chavez's increasingly tough fight, while the news topped the front pages of the country's newspapers.
"He's history now," said Cesar Amaro, a street vendor selling newspapers and snacks at a kiosk in downtown Caracas. He motioned to a daily on the rack showing side-by-side photos of Maduro and National Assembly President Diosdado Cabello, and said politics will now turn to them.
Amaro said he expects a new election soon to replace Chavez. "For an illness like the one the president has, his days are numbered now," he said matter-of-factly.
In Bolivar Plaza in downtown Caracas, Chavez's supporters strummed guitars and read poetry in his honor on New Year's Eve. They sang along with a recording of the president belting out the national anthem.
About 300 people filled a Caracas church for a Mass to pray for Chavez.
"This country would be terrible without Chavez. He's the president of the poor," said Josefa Carvajal, a 75-year-old former maid who sat in the pews. "They say the president is very sick. I believe he's going to get better."
The president's aides held a Mass at the presidential palace, while government officials urged Venezuelans to keep their president in their prayers.
Political analyst Ricardo Sucre said the outlook for Chavez appears grim, saying Maduro's body language during his televised appearance spoke volumes.
"Everything suggests Chavez's health situation hasn't evolved as hoped," Sucre said. He said Maduro likely remained in Havana to keep close watch on how Chavez's condition develops.
"These hours should be key to having a more definitive prognosis of Chavez's health, and as a consequence make the corresponding political decisions according to the constitution," Sucre said.
Sucre and other Venezuelans said it seems increasingly unlikely that Chavez would be able to be sworn in as scheduled on Jan. 10.
The Venezuelan leader has not been seen or heard from since undergoing his fourth cancer-related surgery Dec. 11, and government officials have said he might not return in time for his inauguration for a new six-year term.
If Chavez dies or is unable to continue in office, the Venezuelan Constitution says that a new election should be held within 30 days.
Before his operation, Chavez acknowledged he faced risks and designated Maduro as his successor, telling supporters they should vote for the vice president if a new presidential election were necessary.
Chavez said at the time that his cancer had come back despite previous surgeries, chemotherapy and radiation treatment. He has been fighting an undisclosed type of pelvic cancer since June 2011.
Maduro said on Sunday that he had met with Chavez. "We greeted each other and he himself referred to these complications," Maduro said, reading from a prepared statement.
"The president gave us precise instructions so that, after finishing the visit, we would tell the (Venezuelan) people about his current health condition," Maduro said. "President Chavez's state of health continues to be delicate, with complications that are being attended to, in a process not without risks."
Maduro was seated alongside Chavez's eldest daughter, Rosa, and son-in-law Jorge Arreaza, as well as Attorney General Cilia Flores. He held up a copy of a newspaper confirming that his message was recorded on Sunday.
"Thanks to his physical and spiritual strength, Comandante Chavez is facing this difficult situation," Maduro said.
Maduro said he had met various times with Chavez's medical team and relatives. He said he would remain in Havana "for the coming hours" but didn't specify how long.
Maduro, who arrived in Havana on Saturday for the sudden and unexpected trip, is the highest-ranking Venezuelan official to see Chavez since the surgery in Cuba, where the president's mentor Fidel Castro has reportedly made regular visits to check on him.
Before flying to Cuba, Maduro said that Energy Minister Hector Navarro would be in charge of government affairs in the meantime.
"The situation does not look good. The fact that Maduro himself would go to Cuba, leaving Hector Navarro in charge only seems understandable if Chavez's health is precarious," said David Smilde, a University of Georgia sociologist and analyst for the Washington Office on Latin America think tank.
Smilde said that Maduro probably made the trip "to be able to talk to Chavez himself and perhaps to talk to the Castros and other Cuban advisers about how to navigate the possibility of Chavez not being able to be sworn in on Jan. 10."
"Mentioning twice in his nationally televised speech that Chavez has suffered new complications only reinforces the appearance that the situation is serious," Smilde said.
Medical experts say that it's common for patients who have undergone major surgeries to suffer respiratory infections and that how a patient fares can vary widely from a quick recovery in a couple of days to a fight for life on a respirator.
Maduro's latest update differed markedly from a week ago, when he had said he received a phone call from the president and that Chavez was up and walking.
The vice president spoke on Sunday below a picture of 19th century independence hero Simon Bolivar, the inspiration of Chavez's leftist Bolivarian Revolution movement.
Maduro said that Chavez had sent year-end greetings to his homeland and a "warm hug to the boys and girls of Venezuela."
The vice president expressed faith that Chavez would "successfully fight this new battle." He concluded his message saying: "Long live Chavez."
On the streets of Caracas, images of Chavez smiling and saluting are emblazoned on campaign signs and murals. One newly painted mural reads: "Be strong, Chavez."
State television played video of Chavez campaigning for re-election, including a speech when he shouted: "I am a nation!"
A new government sign atop a high-rise apartment complex reads: "YOU ALSO ARE CHAVEZ."
Chavez has been in office since 1999 and was re-elected in October, three months after he had announced that his latest tests showed he was cancer-free.
Opposition politicians have criticized a lack of detailed information about Chavez's condition, and last week repeated their demands for a full medical report.
Information Minister Ernesto Villegas defended the government's handling of the situation, saying during a televised panel discussion on Sunday night that Chavez "has told the truth in his worst moments" throughout his presidency.
He also referred to a new surge of rumors about Chavez's condition and called for respect for the president and his family.
Chavez's daughter Maria, who has been with the president since his surgery, said in a message on her Twitter account: "Thank you people of Venezuela. Thank you people of the world. You and your love have always been our greatest strength! God is with us! We love you!"
Chavez's son-in-law Jorge Arreaza, who is the government's science minister and has been with the president in Cuba, urged Venezuelans in a Twitter message Monday night not to believe "bad-intentioned rumors" circulating online. "President Chavez has spent the day calm and stable, accompanied by his children," Arreaza said in the message.
Some who stood in the Caracas plaza on Monday night held pictures of the president. Speaking to the crowd, lawmaker Earle Herrera said that Chavez "is continuing to fight the battle he has to fight."
"He's an undefeated president, and he'll continue to be undefeated," he said.
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Venezuelans offer prayers, songs for Hugo Chavez

CARACAS, Venezuela (AP) — Venezuelans gathered on plazas and in churches to pray for President Hugo Chavez amid what seems an increasingly gloomy outlook for the ailing leader in his fight against cancer.
Following an announcement that Chavez had suffered "new complications" from a respiratory infection after undergoing cancer surgery in Cuba, people were out in the streets of Caracas on Monday talking about the leftist president's chances of surviving.
"He's history now," said Cesar Amaro, a street vendor selling newspapers and snacks at a kiosk downtown. He motioned to a daily on the rack showing side-by-side photos of Vice President Nicolas Maduro and National Assembly President Diosdado Cabello, and said politics will now turn to them.
The vendor said he expected a new election soon to replace Chavez, who won re-election in October. "For an illness like the one the president has, his days are numbered now," Amaro said.
In Bolivar Plaza in downtown Caracas, Chavez's supporters strummed guitars and read poetry in his honor on New Year's Eve. They sang along with a recording of the president belting out the national anthem.
About 300 people filled a Caracas church for a Mass to pray for Chavez.
"This country would be terrible without Chavez. He's the president of the poor," said Josefa Carvajal, a 75-year-old former maid who sat in the pews. "They say the president is very sick. I believe he's going to get better."
Chavez's aides held a Mass at the presidential palace, while government officials urged Venezuelans to keep their leader in their prayers.
Some who stood in Bolivar Plaza held pictures of Chavez. Speaking to the crowd, lawmaker Earle Herrera said that Chavez "is continuing to fight the battle he has to fight."
"He's an undefeated president, and he'll continue to be undefeated," Herrera said.
Political analyst Ricardo Sucre said the outlook for Chavez appeared grim. Noting that Maduro appeared weary during a solemn televised appearance Sunday night to announce the latest setback for Chavez, Sucre said that spoke volumes about the situation.
"Everything suggests Chavez's health situation hasn't evolved as hoped," Sucre said. He said Maduro likely remained in Havana to keep close watch on how Chavez's condition develops.
"These hours should be key to having a more definitive prognosis of Chavez's health, and as a consequence to making the corresponding political decisions according to the constitution," Sucre said.
Sucre and other Venezuelans said it seems increasingly unlikely that Chavez would be able to be sworn in as scheduled Jan. 10 for his new term.
The Venezuelan leader has not been seen or heard from since undergoing his fourth cancer-related surgery on Dec. 11, and government officials have said he might not return in time for his inauguration for a new six-year term.
If Chavez dies or is unable to continue in office, the Venezuelan Constitution says that a new election should be held within 30 days.
Before his operation, Chavez acknowledged he faced risks and designated Maduro as his successor, telling supporters they should vote for the vice president if a new presidential election were necessary.
Chavez said at the time that his cancer had come back despite previous surgeries, chemotherapy and radiation treatment. He has been fighting an undisclosed type of pelvic cancer since June 2011.
"The situation does not look good," said David Smilde, a University of Georgia sociologist and analyst for the Washington Office on Latin America think tank.
"Mentioning twice in his nationally televised speech that Chavez has suffered new complications only reinforces the appearance that the situation is serious," he added.
Smilde said Maduro probably made the trip "to be able to talk to Chavez himself and perhaps to talk to the Castros and other Cuban advisers about how to navigate the possibility of Chavez not being able to be sworn in on Jan. 10."
Medical experts say that it's common for patients who have undergone major surgeries to suffer respiratory infections and that how a patient fares can vary widely from a quick recovery in a couple of days to a fight for life on a respirator.
On the streets of Caracas, images of Chavez smiling and saluting are emblazoned on campaign signs and murals. One newly painted mural reads: "Be strong, Chavez."
Venezuelans rang in the New Year as usual with fireworks raining down all over the capital of Caracas. But one government-organized outdoor party that had been scheduled in Bolivar Plaza with a lineup of Venezuela bands was canceled due to Chavez's precarious condition.
State television played video of Chavez campaigning for re-election, including a speech when he shouted: "I am a nation!"
A new government sign atop a high-rise apartment complex reads: "YOU ALSO ARE CHAVEZ."
Norelys Araque, who was selling holiday cakes on a sidewalk Monday, said she has been praying for Chavez. But, she added, "I don't think he will last long."
Araque said that her family has benefited from state-run subsidized food markets and education programs started by Chavez, and that she hopes the government carries on with the president's programs if he doesn't survive.
Chavez has been in office since 1999 and was re-elected in October, three months after he had announced that his latest tests showed he was cancer-free.
Opposition politicians have criticized a lack of detailed information about Chavez's condition, and last week repeated their demands for a full medical report.
Chavez's son-in-law Jorge Arreaza, who is the government's science minister and has been with the president in Cuba, urged Venezuelans in a Twitter message Monday night not to believe "bad-intentioned rumors" circulating online. "President Chavez has spent the day calm and stable, accompanied by his children," Arreaza said in the message.
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Federal judge blocks Missouri law to deny birth control coverage

A federal judge on Friday blocked a new Missouri law that requires health insurers to offer plans that exclude contraception coverage if employers or individuals object to birth control on moral or religious grounds.
U.S. District Judge Audrey Fleissig granted a temporary restraining order preventing the enforcement of the law, writing that it appears to conflict with the new federal health care law.
Republican lawmakers in Missouri drafted the law in response to President Barack Obama's policy of requiring insurers to cover birth control for free as part of the new federal health care law, even if they work for a church or other employer that has a moral objection.
State lawmakers in September overrode a veto by Democratic Governor Jay Nixon to enact the law.
The Missouri Insurance Coalition, a nonprofit whose members include health insurers that do business in the state, asked the judge to block the state law, arguing that it conflicts with federal law and is therefore invalid.
Fleissig wrote that the coalition is likely to succeed on that claim "given what appears to be an irreconcilable conflict" between the federal and state laws.
At a hearing, the judge wrote, the Missouri Department of Insurance "could offer no response to how there would not be a direct conflict" between the federal and state laws if an insurer offered a health insurance plan "that acquiesced to an employer's decision not to offer contraceptive coverage."
She is expected to schedule a hearing on a preliminary injunction.
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Philadelphia to Install Free Condom Dispensers in High Schools

Philadelphia is installing condom dispensers in 22 city high schools where students as young as 14 will be able to receive condoms for free in an effort to combat an "epidemic" of sexually transmitted disease among the city's teenagers.

Students returning to school from Christmas break will find clear plastic dispensers filled with condoms in the offices of nurses whose schools have the highest rates of sexually transmitted diseases.

"We believe distributing condoms is part of our obligation to keep students healthy and to remain healthy," said school district spokesman Fernando Gallard. "The health department has described this as a continued epidemic of STDs among teenagers in Philadelphia."

Condoms have in the past been provided to students in Philadelphia as part of wider program in which the teenagers are provided "free, voluntary and confidential" testing for sexual diseases in their schools, Gallard said.

It was the results of those tests that led officials to launch the current program to distribute condoms regularly in schools instead of once a year when the tests are administered.

Of the 130,000 student who have received testing in the last five years, some 6,500 or 5 percent of them have tested positive for diseases including HIV, the virus that causes AIDS.

Parents were made aware of the distribution program in October and were given the chance to opt their children out of receiving the prophylactics.

Gallard said the school district has not received "specific calls" from parents objecting to the program. The total number of parents who chose to disallow their children from receiving condoms, however, is unknown.

According to Advocates for Youth, a nonprofit organization that advocates for sexual health among young people, there are at least 418 schools nationwide providing condoms.

In August, despite outrage from some parents, the school board in Springfield, Mass., approved a plan to distribute condoms in public high schools, as well as middle schools, providing free contraception to students as young as 11.

Philadelphia has plans to expand condom distribution to more schools, but has no plans to introduce prophylactics to middle schoolers, Gallard told ABCNews.com.
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Poor reading skills tied to risk of teen pregnancy

NEW YORK (Reuters Health) - Seventh grade girls who have trouble reading are more likely to get pregnant in high school than average or above-average readers, according to a new study from Philadelphia.
Researchers found that pattern stuck even after they took into account the girls' race and poverty in their neighborhoods - both of which are tied to teen pregnancy rates.
"We certainly know that social disadvantages definitely play a part in teen pregnancy risk, and certainly poor educational achievement is one of those factors," said Dr. Krishna Upadhya, a reproductive health and teen pregnancy researcher from Johns Hopkins Children's Center in Baltimore.
Poor academic skills may play into how teens see their future economic opportunities and influence the risks they take - even if those aren't conscious decisions, explained Upadhya, who wasn't involved in the new research.
Dr. Ian Bennett from the University of Pennsylvania and his colleagues looked up standardized test reading scores for 12,339 seventh grade girls from 92 different Philadelphia public schools and tracked them over the next six years.
During that period, 1,616 of the teenagers had a baby, including 201 that gave birth two or three times.
Hispanic and African American girls were more likely than white girls to get pregnant. But education appeared to play a role, as well.
Among girls who scored below average on their reading tests, 21 percent went on to have a baby as a teenager. That compared to 12 percent who had average scores and five percent of girls who scored above average on the standardized tests.
Once race and poverty were taken into consideration, girls with below-average reading skills were two and a half times more likely to have a baby than average-scoring girls, according to findings published in the journal Contraception.
Birth rates among girls ages 15 through 19 were at a record low in the U.S. in 2011 at 31 births for every 1,000 girls, according to the Centers for Disease Control and Prevention. But that rate is still much higher in minority and poorer girls than in white, well-off ones, researchers noted.
And in general, it's significantly higher than teen birth rates in other wealthy nations.
Teen pregnancies are a concern because young moms and their babies have more health problems and pregnancy-related complications, and girls who get pregnant are at higher risk of dropping out of school.
Upadhya said the answer to preventing teen pregnancy in less-educated girls isn't simply to add more sex ed to the curriculum.
"This is really about adolescent health and development more broadly, so it's really important for us to make sure that kids are in schools and in quality educational programs and that they have opportunities to grow and develop academically and vocationally," she told Reuters Health.
"That is just as important in preventing teen pregnancy as making sure they know where to get condoms.
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New child soldier fears in C. African Republic

BANGUI, Central African Republic (AP) — The U.N. children's agency says it's concerned about a growing number of children being recruited by armed groups in Central African Republic as President Francois Bozize's government faces a rebellion in the north.
UNICEF said Friday it has received "credible reports that rebel groups and pro-government militias are increasingly recruiting and involving children in armed conflict."
Souleymane Diabate, UNICEF Representative for Central African Republic, said children who have become separated from their families amid the instability are at the greatest risk.
UNICEF estimates that even before the latest crisis here some 2,500 children were part of armed groups in the country long plagued by rebellions. Rebels have seized 10 towns in a month's time.
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Bolivia expropriates Spanish energy subsidiaries

LA PAZ, Bolivia (AP) — President Evo Morales nationalized the Bolivian electricity distribution subsidiaries of the Spanish energy company Iberdrola in a public ceremony Saturday.
Morales issued a decree allowing the takeover of shares in Empresa de Electricidad de La Paz (Electropaz) and Empresa de Luz y Fuerza de Oruro (Elfeo), which supply energy in this Andean nation.
Soldiers guarded the installations of the electricity distribution companies, marked with signs reading: "Nationalized."
In the ceremony at Bolivia's government palace, Morales also announced the expropriation of an investment management company and a service provider belonging to the Spanish energy giant.
Morales said he had "been forced to take this step" to ensure that electric service rates remain "equitable" in the regions of La Paz and Oruro.
The Spanish government said in a statement that it regretted Bolivia's decision to nationalize companies that included "Spanish, Argentine and American companies among its shareholders."
Spain said it hoped "the process of assessing the value of the nationalized company is done with high standards of objectivity that would establish the just compensation to which shareholders are entitled."
Telephone calls and emails seeking comment from Iberdrola in Spain were not immediately answered.
The decree read by Morales calls for Iberdrola to receive indemnification after an independent firm is hired within 180 days to determine the value of the nationalized shares.
Morales in May also nationalized Transportadora de Electricidad belonging to Spanish company Red Electrica, which controlled 74 percent of energy transmission in Bolivia.
In his first year in office in 2006, the Bolivian president nationalized the oil industry through a renegotiation of contracts with a dozen oil companies, including Repsol, Petrobras, BG and Total.
In 2009 Morales transferred to state control the country's largest telephone operator, which had been controlled by Italy's ETI, and in 2010 he did the same with the four largest power generators, which had belonged to French-owned Suez, Rurelec of Britain and Bolivian shareholders.
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Mexico City orders prison in animal cruelty cases

MEXICO CITY (AP) — Mexico City lawmakers have approved prison terms for animal cruelty, previously considered a civil offense sanctioned with fines and detentions.
The capital's legislative assembly unanimously agreed that people who intentionally abuse and cause animals harm will face up to two years in prison and pay up to $500. If the animal is killed, they can face up to four years in prison and a $2,000 fine.
Antonio Padierna, president of the assembly's law enforcement and justice committee, said late Friday that if animals are killed for food, the death must be quick and not cause pain.
The lawmakers agreed current administrative laws weren't doing enough to end animal cruelty. In Mexico City, animals are sometimes killed by being burned, beaten or shot.
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Argentina to court: revert order on debt holdouts

BUENOS AIRES, Argentina (AP) — Argentina is asking a US appeals court to reverse an order for the country to pay $1.33 billion to "holdout" creditors who refused to join two swaps for the country's defaulted debt.
Argentine government lawyers said in papers filed late Friday that the order violates the country's sovereignty. The lawyers said the order also threatens service on at least $24 billion of the county's restructured sovereign debt, impairs the rights of third parties and puts global debt markets at risk.
"The Amended Injunctions have no basis in law, are inequitable, and threaten to wreak havoc on countless innocent third parties, which have already suffered losses due to the plunge in their bonds' value provoked by the insecurity that the Amended Injunctions have created in the market for Argentina's New York law-governed bonds," the briefing said.
"This harm to private and sovereign creditors, as well as to New York law and New York as a place to do business, will only grow if the Amended Injunctions are affirmed. "
The U.S. 2nd Circuit Court of Appeals in New York ordered the country on Oct. 26 to pay the holdouts an equal amount whenever it makes payments on other debt that has been restructured since the country's economic collapse 11 years ago.
It agreed with U.S. District Judge Thomas Griesa, who ruled that with more than $40 billion in foreign reserves, Argentina can afford to pay. The ruling gave Argentina a difficult choice: pay all bondholders equally, or pay none of them and risk going into default.
The court then returned the case to Griesa who ordered Argentina to pay the $1.33 billion into escrow for holders of its defaulted debt and banned banks and other third parties from intervening. Griesa based his ruling on the principle of "pari passu," or equal footing, which says debtors can't pick and choose between creditors.
President Cristina Fernandez called Griesa's ruling "judicial colonialism," and Argentina sidestepped the impending economic chaos when the order was suspended by the appeals court on Nov. 28.
But just the threat of the payment deadline set by Griesa had harsh outcomes. In the week after he issued his order, the cost of maintaining Argentina's overall debt soared in trading on U.S. and European bond markets and the cost of insuring those debts spiked.
"A court can arguably enjoin a foreign state from engaging in a commercial activity within the United States. But it cannot issue an order to force or preclude a foreign sovereign to act or not act within the limits of that sovereign's own territory," Argentina's brief said.
"By dictating to Argentina that it cannot pay moneys it owes to the exchange bondholders in a funds transfer in its own country, and commanding that it make a payment (including via escrow) to holdout creditors that it is precluded from paying under its own laws, the Amended Injunctions violate this fundamental principle."
Argentina, however, said it's willing to make concessions. To end the lengthy dispute, government lawyers said the country is willing to ask Congress to give holdout creditors the same treatment as those who joined a 2010 debt swap.
"The only definitive and equitable solution to pari passu claims that would bring legal and economic certainty is to treat plaintiffs and all other similarly situated claimants equitably on the same terms as participants in (Argentina's) 2010 Exchange Offer," the brief said.
The new arguments are part of the final stage of Argentina's legal battle with NML Capital Ltd., the investment fund that brought the case and that specializes in suing over unpaid sovereign debts.
The US government filed an "amicus," or friends of the court brief, late Friday backing Argentina's request for a rehearing in the case citing that the appeals court order affects US-Argentina relations, threatens the solution of future debt crises and blocks the legal immunity given to a sovereign country. It also says that it potentially blemishes the role of New York as financial center.
Argentina tarnished its reputation worldwide by engaging in the biggest sovereign debt default in history a decade ago. Since then, the government has restructured about 92 percent of its world record $95 billion debt default.
But Fernandez refuses to pay the holdouts calling NML Capital and others "vulture funds" for buying debt for pennies on the dollar in 2002, when Argentina's economy was in ruins and now wanting to collect in full.
The fiery, center-left leader says it was their loss for refusing two opportunities to swap defaulted bonds for new, less valuable bonds that the state has reliably paid since 2005.
NML Capital fund, run by billionaire Paul Singer and other plaintiffs, slammed Argentina's arguments late on Friday.
"With more than $43 billion in foreign currency reserves and tens of billions of dollars in additional resources, Argentina has the overwhelming capacity to pay the $1.3 billion it owes in this matter," Peter Truell, spokesman for NML's parent company Elliott Management Corp., told the Associated Press in e-mail.
"Today's filing by the Republic once again demonstrates Argentina's irrational persistence in evading its contractual obligations and the orders of US courts."
Oral arguments in the case are scheduled for Feb. 27 before the U.S. 2nd Circuit Court of Appeals in New York.
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Venezuelan VP heads to Cuba to visit ailing Chavez

HAVANA (AP) — Venezuela's vice president arrived in Havana to visit President Hugo Chavez as he recovers from cancer surgery, Cuban official media said early Saturday.
Communist Party newspaper Granma published online a photo of Vice President Nicolas Maduro being greeted at the airport in the Cuban capital by the island's foreign minister, Bruno Rodriguez.
"From there, (Maduro) went directly to the hospital where President Hugo Chavez Frias is receiving treatment to greet his family members and Venezuelan Science and Technology Minister Jorge Arreaza Monserrat, and to discuss with doctors the adequate moment to visit the President the same day," the paper said.
Granma added that Maduro was accompanied by Venezuelan Attorney General Cilia Flores.
The previous night in Caracas, Venezuela, Maduro did not specify how long he would be away but said Energy Minister Hector Navarro would be in charge of government affairs in the meantime.
Maduro's trip comes amid growing uncertainty about Chavez's health.
The Venezuelan leader has not been seen or heard from since undergoing his fourth cancer-related surgery Dec. 11, and government officials have said he might not return in time for his scheduled Jan. 10 inauguration for a new six-year term. There have been no updates on Chavez's condition since Maduro announced Monday night that he had received a phone call from the president who was up and walking.
Maduro is the highest ranking Venezuelan official to visit Chavez since the surgery. Bolivian President Evo Morales traveled to Cuba last weekend in a quick trip that only added to the uncertainty surrounding Chavez's condition. Morales has not commented publicly on his visit or even confirmed that he saw Chavez while he was there.
Earlier Friday, Maduro read a New Year message from Chavez to Venezuelan troops, though it was unclear when the president composed it.
"I have had to battle again for my health," Chavez said in the message. He expressed "complete faith in the commitment and loyalty that the revolutionary armed forces are showing me in this very complicated and difficult moment."
A group of opposition candidates demanded Friday that Maduro provide an official medical report on Chavez's health. Lawmaker Dinorah Figuera said the country needs "a medical report from those who are responsible for the diagnosis, evaluation and treatment of the president."
"The Venezuelan people deserve official and institutional information," Figuera told Venezuelan media.
Before leaving for Cuba, Chavez acknowledged the precariousness of his situation and designated Maduro as his successor, telling supporters they should vote for the vice president if a new presidential election was necessary.
A legal fight is brewing over what should happen if Chavez, who was re-elected in October, cannot return in time for the inauguration before the National Assembly.
National Assembly Diosdado Cabello insisted Monday that Venezuela's constitution allows the president to take the oath before the Supreme Court at any time if he cannot do it before the legislature on Jan. 10.
Opposition leaders argue the constitution requires that new elections be held within 30 days if Chavez cannot take office Jan. 10. They have criticized the confusion over the inauguration as the latest example of the Chavez government's disdain for democratic rule of law and have demanded clarity on whether the president is fit to govern.
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Fixed mortgage rates rise above record lows

WASHINGTON (AP) — Fixed mortgage rates rose slightly this week off their record lows. The year ends much like it began, with few people able to take advantage of the best rates in history.
Freddie Mac says the average on the 30-year home loan increased to 3.95 percent from 3.91 percent. Last week's rate was the lowest average on records dating to the 1950s.
The average on the 15-year fixed mortgage rose to 3.24 percent. That's up from 3.21 percent, also a record low.
Rates have been below 5 percent for all but two weeks in 2011. Even so, this year is shaping up to be one of the worst ever for home sales.
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Fixed mortgage rates end year above record lows

WASHINGTON (AP) — Fixed mortgage rates rose slightly this week off their record lows. The year ends much like it began, with few people able to take advantage of the best rates in history.
Freddie Mac said Thursday that the average on the 30-year home loan increased to 3.95 percent from 3.91 percent. Last week's rate was the lowest average on records dating to the 1950s.
The average on the 15-year fixed mortgage rose to 3.24 percent. That's up from 3.21 percent, also a record low.
Rates have been below 5 percent for all but two weeks in 2011. Even so, this year is shaping up to be one of the worst ever for home sales.
Previously occupied homes are selling just slightly ahead of last year's dismal pace. And new-home sales appear headed for their worst year on records going back half a century.
Next year could be better. More than 5 percent of households said this month they plan to purchase a home within the next six months, according to the Conference Board.
Builders are also hopeful that the low rates could boost sales next year. Low mortgage rates were cited as a key reason the National Association of Home Builders survey of builder sentiment rose in December to its highest level in more than a year.
But so far, rates are having no major impact. Mortgage applications have fallen slightly in recent weeks, according to the Mortgage Bankers Association.
High unemployment and scant wage gains have made it harder for many people to qualify for loans. Many Americans don't want to sink money into a home that they fear could lose value over the next few years.
To calculate the average rates, Freddie Mac surveys lenders across the country Monday through Wednesday of each week. The average rates don't include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.
The average fee for the 30-year loan was unchanged at 0.7; the average on the 15-year fixed mortgage was unchanged at 0.8.
For the five-year adjustable loan, the average rate rose to 2.88 percent from 2.85 percent. The average on the one-year adjustable loan ticked up to 2.78 percent from 2.77 percent.
The average fees on the five- and one-year adjustable-rate loans were unchanged at 0.6.
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Credit score focus of new celeb-backed debit card

NEW YORK (AP) — Personal finance media personality Suze Orman is thinking big. She's the   first out of the gate in the fast-growing prepaid debit card market with a card that aims to help its users build a credit score. It's a gamble that could pay off, if it can help create a way measure the creditworthiness of millions who function outside the traditional financial system.
The latest in a string of celebrities to put their stamp on a prepaid card, Orman will likely avoid the criticism about high fees lobbed at earlier offerings, such as those of hip-hop mogul Russell Simmons and reality show stars the Kardashians. Orman's card costs $3 to obtain, and then just $3 a month, rivaling the hugely popular Walmart MoneyCard.
Although some will question how Orman will recoup the more than $1 million she has invested in the card when charging that little, the real twist isn't the low fee structure. Orman is working with credit reporting agency TransUnion to create a new kind of credit score for users of "The Approved" prepaid MasterCard, one that's based on their spending habits.
Right now, using debit cards — both the prepaid kind and those tied to bank accounts — does not influence an individual's credit score, which is calculated with data related to borrowing. If Orman's experiment is successful, this new type of score could be a game-changer for the estimated 60 million Americans who do most or all of their personal business in cash or with cash alternatives like prepaid cards.
The TV adviser said she approached several companies, urging them to agree to develop such a score, and TransUnion ultimately agreed to gather spending data for 18 to 24 months. It will use that data to try to come up with a formula that works as a way to predict whether the user is a good risk for lenders.
"This is truthfully a work in progress," said Orman.
Banks and other lenders are interested in creating ways to measure how prepaid cards are used, because of the huge market they represent. Consumers loaded an estimated $70.7 billion onto prepaid cards in 2011, up from $2.7 billion in 2005, according to consultancy Mercator Advisory Group.
Mercator projects the market will top $120 billion this year if adoption continues at the same pace.
In general, users can be divided into three groups. The first subset is those caught up in the economy — people who had good credit until it was damaged by events like unemployment or foreclosure. Second are those who have not yet built credit histories, mainly the young and recent immigrants. The third group avoids banks, often because of negative experiences, such as racking up high overdraft fees.
"Wouldn't it be fabulous if, for the first time in history, people are literally rewarded for spending cash, versus penalized, in my opinion, for doing so?" Orman said.
The problem with traditional credit scores from FICO Inc. and its competitors is that they measure how well individuals keep up with their payments, but don't pay any attention to their overall financial health, she said. "Scoring doesn't question where the money is coming from to make payments."
Prepaid cards have already filled some of the void for those who don't use banks, especially because they can be used to receive paychecks via direct deposit. But because they don't contribute to credit scores, the cards can't help users get a mortgage, a car loan or a credit card.
Not having a credit score, or having a low one, also drives up the cost of living in other ways. Lower scores can mean higher car insurance rates, higher rent, difficulty getting a job and paying higher interest rates for any credit available. People with little credit history — known as a "thin file" in the industry — are also the most likely to use alternative services like payday lenders, check cashing stores and bill pay services. These are expensive options when compared with credit cards and banks.
FICO Inc. and other companies use data tied to borrowing to determine a score meant to measure the likelihood an individual will pay back future loans. FICO's 300-to-850 scale is based on an individual's history making payments on loans, the percentage of available credit that is being used and how long the individual has used credit, among other data.
Those with thin credit files have a better chance of having their creditworthiness reflected by FICO's "expansion score," which factors in data like utility bill payments and rent payments. FICO CEO Mark Greene said the expansion scores have shown that the population without traditional scores mirrors to the larger population in terms of credit risk. Other credit score providers are beginning to provide measures based on utility payments and other nontraditional data.
One big difference for developing a prepaid score, however, is that these alternatives still measure how well individuals meet obligations, not how they spend the rest of their income.
"Spending is not actually a great indicator of the thing that we're trying to measure, which is the likelihood you're going to pay your bill," Greene said. "We need to be careful about how we approach that issue."
Another issue a prepaid-linked score must address is the fact that the typical reloadable card is used for just three to four months, said Brian Riley, who analyzes the card market for the consultant The Tower Group.
That timeframe is likely to expand, however, because more users are beginning to have their paychecks deposited to reload prepaid cards. Adding rewards and services, and cutting fees, may also increase customer loyalty.
Orman is adamant that her card will carry only a $3-per-month fee for users who load at least $20 per month onto it. Fees will rise only if the user uses ATMs outside the network it is linked to when withdrawing cash. Consumers who use The Approved Card will also get daily text messages updating their balance, along with one after each purchase, and other free services like ID theft monitoring, credit monitoring and free credit reports from TransUnion.
The media star, whose new show on the Oprah Winfrey Network premieres Monday, said she knows creating the score will be an uphill battle, but believes that if successful, it will help both lenders and borrowers. "You've got to start it somewhere, and this is the beginning of that process."
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Rate on 30-year mortgage drops to record 3.89 pct.

Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. But few are able to take advantage of the historic rates.
Freddie Mac said Thursday the average rate on the 30-year fixed mortgage fell to 3.89 percent. That's below the previous record of 3.91 percent reached three weeks ago.
Records for mortgage rates date back to the 1950s.
The average on the 15-year fixed mortgage ticked down to 3.16 percent. That's down from a record 3.21 percent three weeks ago.
Mortgage rates are lower because they track the yield on the 10-year Treasury note, which fell below 2 percent. They could fall even lower this year if the Fed launches another round of bond purchases, as some economists expect.
Average fixed mortgage rates hovered around 4 percent at the end of 2011. Yet many Americans either can't take advantage of the rates or have already done so.
High unemployment and scant wage gains have made it harder for many people to qualify for loans. Many don't want to sink money into a home that they fear could lose value over the next few years.
Mortgage applications have fallen slightly on a seasonally adjusted basis over the past four weeks, according to the Mortgage Bankers Association.
Frank Nothaft, Freddie Mac's chief economist, said that until hiring picks up and unemployment drops significantly, the impact of lower mortgage rates will remain muted.
Previously occupied homes are selling just slightly ahead of 2010's dismal pace. New-home sales in 2011 will likely be the worst year on records going back half a century.
Builders hope that the low rates could boost sales next year. Low mortgage rates were cited as a key reason the National Association of Home Builders survey of builder sentiment rose in December to its highest level in more than a year.
But so far, they have had little impact on the depressed housing market.
To calculate the average rates, Freddie Mac surveys lenders across the country Monday through Wednesday of each week. The average rates don't include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.
The average fee for the 30-year loan fell to 0.7 from 0.8; the average on the 15-year fixed mortgage was unchanged at 0.8.
For the five-year adjustable loan, the average rate declined to 2.82 percent from 2.86 percent. The average on the one-year adjustable loan fell to 2.76 percent from 2.80 percent.
The average fee on the five-year adjustable loan rose was unchanged at 0.7; the average on the one-year adjustable-rate loan was unchanged at 0.6.
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First Person: What My College Degree Means to Me

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My college degree helped me pursue a successful 30-year career in advertising and public relations. However, it only happened after I realized I had not made the right decision in choosing my college major.
Pursuing The Major Course I Wanted
It all began when I had earned four years of tuition under the GI Bill of Rights by serving in the U.S. Navy. Ever since childhood, I had wanted to be an artist, and that was my chance to enroll as a fine arts freshman at the Philadelphia Museum College of Art (now the University of the Arts).
An Enjoyable Fine Arts Education
Throughout my undergraduate years, I appreciated the challenges and encouragement of the school's excellent teaching staff. My courses consisted of drawing, painting, sculpture and other fine arts classes. Some of my paintings were accepted for exhibition at local galleries. I was graduated with top honors and the degree of bachelor of fine arts.
Then it was time for me to earn a living from what I had learned in four years of college. I made the rounds of the many galleries in Philadelphia and New York selling my art, and had some moderate success. However, the sales were few and far between, and my income wasn't nearly enough to support myself.
Had I Made an Error in Judgment?
After a year, I came to the conclusion that I had chosen a field that, while traditionally attractive, wasn't practical in the reality of today's business world. While I hadn't wasted my four years of fine arts studies, they had not prepared me for the necessity of making a living.
I had several choices. I could go on painting, get some kind of part-time job to pay my bills, and hope I'd eventually become a successful exhibiting artist. The other choice was to go back to college and major in practical business subjects.
Fortunately, an application I'd sent to the University of Pennsylvania earned me a lab assisantship and free tuition at the Annenberg Graduate School of Communications there. I majored in mass communications and public relations, with a minor in graphic arts. After two years, and armed with a much more practical resume, I began another job search.
A Favorable Career Turn
Another fortunate opportunity coincided with earning my Master of Arts in Communications degree. Prudential Financial, Inc. was just establishing an Eastern regional office in a Philadelphia suburban area, and hiring a staff of more than 3,000 employees. I applied for the newly-created position of Public Relations and Advertising Manager, and was hired to direct the 30-person creative staff.
I recently retired after 30 years with Prudential. Today I consider my education choices and experiences may be of value to college students in the same situation I was after earning my bachelor's degree. Looking back, I had not realized then the impracticality of attempting a fine arts path in the real world where income opportunities are very limited.
Business-related degrees are essential in finding practical career promises. I believe my decision to enhance my education goals beyond fine arts to communications offered me those opportunities. For today's students, armed with the right credentials and personal determination, there's no limit to the heights that talent, hard work and ambition can earn for them.
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