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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