Wall Street indexes slide, AT&T down


NEW YORK (Reuters) - Stocks fell on Tuesday ahead of what is expected to be a weak earnings season, as investors retreated from last week's rally on the "fiscal cliff" deal in Washington.


The Dow Jones industrial average <.dji> unofficially ended down 55.14 points, or 0.41 percent, at 13,329.15. The Standard & Poor's 500 Index <.spx> slipped 4.75 points, or 0.32 percent, to 1,457.14. The Nasdaq Composite Index <.ixic> was off 7.01 points, or 0.23 percent, to 3,091.81.


(Reporting by Leah Schnurr; Editing by Nick Zieminski)



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Saban quickly turns to challenges of 2013 season


FORT LAUDERDALE, Fla. (AP) — It's becoming a familiar January scene for Nick Saban.


The Alabama coach plastered a smile on his face for a series of posed photos next to the various trophies awarded to college football's national champions and then proceeded to talk about the challenges facing his team.


Maybe Saban let the Gatorade dry from the celebratory drenching before thinking about the 2013 season. Maybe.


"The team next year is 0-0," Saban, who is on a 61-7 run over the past five seasons, said Tuesday morning. "Even though I really appreciate what this team accomplished and am very, very proud of what they accomplished, we need to prepare for the challenges of the new season very quickly with the team we have coming back. "


It didn't take Saban long to refocus after Monday night's 42-14 demolition of Notre Dame that secured a second straight BCS title, the Crimson Tide's third in four seasons and the seventh straight for Southeastern Conference teams.


Shortly after the game, he was already talking about getting back to the office by Wednesday morning.


Alabama players, meanwhile, finally were able to voice the "D-word." Center Barrett Jones said he had a Sports Illustrated cover from a couple of years ago after his last college game.


"It says, 'Dynasty. Can anybody stop Alabama?' I'll never forget looking at that thing and wondering if we really could be a dynasty," said Jones, who mainly put it on the wall because he's featured. "I think three out of four, I'm no dynasty expert, but that seems like a dynasty to me. I guess I can say that now that I'm gone. Don't tell coach I said that."


The 2013 team will almost certainly be regarded among the preseason favorites to get back to the summit, even though three Tide stars — tailback Eddie Lacy, cornerback Dee Milliner and right tackle D.J. Fluker — could decide to skip their senior seasons and turn pro.


Saban also emphatically tried to end speculation that he might return to the NFL, where he spent two years with the Miami Dolphins before returning to the SEC.


It was a question that really made him bristle during the 30-plus minute news conference.


"How many times do you think I've been asked to put it to rest?" Saban said. "And I've put it to rest, and you continue to ask it. So I'm going to say it today, that — you know, I think somewhere along the line you've got to choose. You learn a lot from the experiences of what you've done in the past. I came to the Miami Dolphins, what, eight years ago for the best owner, the best person that I've ever had the opportunity to work for. And in the two years that I was here, I had a very, very difficult time thinking that I could impact the organization in the way that I wanted to or the way that I was able to in college, and it was very difficult for me."


He said that experience taught him that the college ranks "is where I belong, and I'm really happy and at peace with all that."


As for the players, All-America linebacker C.J. Mosley has already said he'll return. So has quarterback AJ McCarron, who had his second straight star turn in a BCS title game.


"We certainly have to build the team around him," Saban said, adding that a late-game spat with Jones showed the quarterback's competitive fire. "I've talked a lot about it's difficult to play quarterback when you don't have good players around you. I think we should have, God willing and everybody staying healthy, a pretty good receiver corps. We'll have to do some rebuilding in the offensive line. Regardless of what Eddie decides to do, we'll probably still have some pretty decent runners. But I think AJ can be a really good player, maybe the best quarterback in the country next year."


The biggest question mark is replacing three, maybe four, starters on an offensive line that paved the way.


Amari Cooper, who broke several of Julio Jones' Alabama freshman receiving marks, and fellow freshman running back T.J. Yeldon give McCarron and the Tide a couple of potent weapons, even if Lacy doesn't return.


"I am going to try to win three or four," said Cooper, who had 105 yards and two touchdowns in the title game. "This season was good, but I expected it to be even more. There is so much more that I can do."


Saban emphasized the difficulty of repeating and said he showed the players a video of NBA Hall of Famer Michael Jordan saying that the first title isn't the hardest — it's the ones after that.


That's because, Saban said, "you have to have the will to fight against yourself."


Now, the 'Bama coach has four titles, including one during his stop at LSU. Saban doesn't wear the championship rings but uses them for a different purpose.


"I just put them on the coffee table for the recruits to look at," he said, cracking up the room.


Saban has already lined up another highly rated recruiting class and has the next wave of young talents waiting in the wings.


After all, he talked about the sign mentor Bill Belichick hung in the football building during their NFL days together: "Do your job."


Saban jokingly acknowledged that while he prepares for everything, the one thing he has never been able to anticipate is the Gatorade bath. He drew heat for a scowl after the first one, following the title game win over Texas when he got dinged in the head. Monday night's dousing went better.


"It's cold, it's sticky, but I appreciated not getting hit in the head with the bucket," Saban said. "That was an improvement."


No program has had this kind of championship run since Tom Osborne's Nebraska teams won it all in 1994, 1995 and 1997.


Saban remembers that second team well. The Cornuskers stomped Michigan State 50-10 in Saban's first game as head coach.


"I'm thinking, we're never going to win a game," Saban said. "We'll never win a game here at Michigan State. I must have taken a bad job, wrong job, no players, something. I remember Coach Osborne when we shook hands after the game, he put his arm around me and whispered in my ear, 'You're not really as bad as you think.'"


So take heart, college football.


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It’s So Hot in Australia That They Added New Colors to the Weather Map






See that deep purple in the middle of this acne-red weather report from Down Under? That right there represents 129.2° F or 54 °C — it’s a brand-new shade that the Australian bureau of meteorology was forced to add to its heat index because their country is, you know, kind of on fire. 


“The scale has just been increased today and I would anticipate it is because the forecast coming from the bureau’s model is showing temperatures in excess of 50 degrees,” David Jones, head of the bureau’s climate monitoring and prediction unit, told The Sydney Morning Herald, which notes that the previous record high was 50.7°C  (123°F), recorded in 1960 at Oodnadatta Airport in the southern part of Australia — right around where the new shades of hot are showing up today. 






RELATED: How China Could Stop Environmental Protests; Australia’s Marine Parks


To give you an idea of just how uncomfortable this Australian heatwave really is, consider that at just past midnight, it’s 95°F in Sydney. Doubly scary are the giant fire risks that come with the heat — risks so severe Australian officials are taking no chances and labeling the warning “catastrophic.” “A ‘catastrophic’ warning carries the risk of significant loss of life and the destruction of many homes, according to the NSW Rural Fire Service,” reports CNN.


Weather News Headlines – Yahoo! News





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Iran faces oil revenue problem









By John Defterios, CNN


January 8, 2013 -- Updated 1535 GMT (2335 HKT)







With elections in June, it remains unclear how energy policy will evolve after President Mahmoud Ahmadinejad's era




STORY HIGHLIGHTS


  • The IEA has suggested Iraq surpassed Iran in output for the first time in over 20 years

  • The Iranian people are faced with spiralling inflation and job layoffs within the state sector

  • Iranian oil revenues in the country plummeted 40 percent, while gas export revenues fell by 45%




Editor's note: John Defterios is CNN's Emerging Markets Editor and anchor of Global Exchange, CNN's prime time business show focused on the emerging and BRIC markets. You can watch it on CNN International at 1600 GMT, Sunday to Thursday.


Abu Dhabi (CNN) -- All indications are that sanctions against Iran are really starting to bite and this time it is coming from the oil ministry in Tehran, which for months has denied that oil production was suffering due to international pressure.


In an interview with the Iranian Student News Agency (ISNA), Gholam Reza Kateb a member of the national planning and budget committee in Parliament referenced a report from Iran's oil minister Rostam Qasemi. In that report, the minister suggested that oil revenues in the country plummeted 40 percent, while gas and gas products' export revenues fell by 45% compared to the same period last year.


Read more: Official: Iran, nuclear watchdog group deal close


This is a hot button issue in Iran, where the currency due to sanctions has dropped 80 percent from its peak in 2011. The Iranian people are faced with spiralling inflation and job layoffs within the state sector.


I spoke with a source in Iran's representative office to OPEC who declined to comment and referred all matters to the Oil Ministry. A spokesman at the state oil company Iran Petroleum would only say "in this political climate it is difficult to confirm these statements."


Read more: Iran steps up uranium enrichment, U.N. report says


Hours later, a spokesman from the Ministry told another Iranian news agency, Mehr, that the numbers quoted about revenue and production drops are not true, although he offered no specific numbers.


Until this report to the Iranian Parliament, Minister Qasemi has maintained that Iran's production was hovering around four million barrels a day, where it was two years ago.


Read more: Opinion: Time to defuse Iranian nuclear issue




Back at the OPEC Seminar in June 2012, the minister told me that sanctions would not have any influence on plans to expand production and investment, shrugging off questions that suggested otherwise. This despite analysis to the contrary from the Paris based International Energy Agency and Vienna based OPEC of which Iran is a member.




The IEA back in July suggested that Iraq surpassed Iran in production for the first time in over two decades and production in Iran dipped to 2.9 million barrels a day. OPEC in its October 2012 survey said it slipped to 2.72 million at the time Minister Qasemi said output remained at 4 million barrels.




Minister Qasemi was recently quoted at a conference in Tehran that Iran needs to invest $400 billion over the next five years to maintain production targets and to play catch up after years of under investment.


Iran is a land full of potential. According to the annual BP Statistical Review, Iran sits on nearly 10 percent of the world's proven reserves at 137 billion barrels. The South Pars field which it shares with Qatar is one of the largest natural gas fields in the world -- but Iran, due to sanctions, cannot expand development.


This is a highly charged period. With elections in mid-June, it remains unclear how energy policy will evolve after the era of President Mahmoud Ahmadinejad passes. It has been eight years of his tough line against Washington, Brussels and other governments that put forth sanctions against Iran. It is not clear if a new President will usher in a new nuclear development policy to ease the pressure on Iran's energy sector and the country's people.












Part of complete coverage on








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Quinn urges compromise on pension plan









Gov. Pat Quinn this afternoon floated a desperation plan on pension reform, throwing his support behind a bill that would set up a commission to decide how to fix Illinois' financially failing government worker retirement systems.


Conventional efforts to craft a compromise on pension changes have gone nowhere during the lame-duck session. The new measure filed today would set up an eight-member commission appointed by the four legislative leaders. The panel would issue a report on pension system changes that would become law unless the General Assembly voted to overturn it.


Testifying before a House panel, Quinn said the measure represents "extraordinary action" to break the gridlock. It is modeled after federal military base closing commission reports to Congress. "We must have some sort of movement," Quinn said.





It's unclear whether lawmakers will support the idea, which would give much power to a committee controlled by legislative leaders. The report would be due April 30, and lawmakers would have a month to vote on it if they decided to overturn it.


Labor leaders immediately called it a "clearly unconstitutional delegation of power" and a "sad attempt to get something done."


Quinn maintained the approach has been upheld as constitutional. The governor said he wanted the pension systems fully funded by the end of December 2045, saying it is critical to "act promptly on this crisis."


Under questioning, Quinn acknowledged, "we need a new mechanism or different structure" because political gridlock had not yielded a solution.

Quinn's latest plan came after he urged lawmakers to take a vote on government worker pension reform before the new legislature is sworn in at noon Wednesday, saying Illinois' economy is being held hostage by "political timidity."


The Democratic governor suggested there needs to be compromise, but did not offer specifics on how he thinks the gridlock on pensions could be broken.


Quinn decided to hold his news conference despite being told by House Speaker Michael Madigan that demanding a vote, even for symbolic reasons, didn't make sense when there aren't enough votes to pass the bill, according to Steve Brown, a Madigan spokesman.


Brown said forcing such a tough vote could irk lawmakers who are coming back in the new General Assembly and whose votes may be needed to pass pension reform down the road.


So far, House sponsors have been unable to line up enough votes to pass a comprehensive plan that would freeze cost-of-living increases for six years, delay granting pension inflation bumps until retirees hit 67 and require employees to pay more toward their retirement.


Even if that plan passed the House, it could face an uphill climb in the Senate, where senators went home last Thursday and would have to quickly return to vote. In addition, Senate President John Cullerton has indicated he prefers his own version of pension reform that he argues is constitutional, unlike the House plan.


With time running short, Quinn today said all parties need to double their efforts to reach a comprehensive bill that clears up the state's worst-in-the-nation $96.8 billion in a generation.


Pension reform is essential to put the Illinois economy on "sound financial footing," Quinn said.


"We cannot allow the state's economy to be held hostage by political timidity," Quinn said.


Quinn said more compromises need to be reached on legislative proposals, but he said he did not favor the Senate plan that dealt with state rank-and-file workers and legislators because it was not comprehensive.


A bill pending on the House floor reins in pension costs and addresses the state's pensions for four pension systems. The two additional systems are for university workers and and public school teachers from the suburbs and downstate.


Quinn said the Senate and House are both going to be in Springfield today, although the Senate President John Cullerton, D-Chicago, had said it would be back if the House passed a significant pension bill.


"We've put them on stand-by," said Rikeesha Phelon, Cullerton's spokeswoman. "It's still tentative."


She said the Senate is awaiting House action before it returns. "I don't know how to be more clear," Phelon said.





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Wall Street retreats from five-year high as focus shifts to earnings

A $20,000 diamond ring found in a tanning salon in St. Charles, Mo., appears to be at the center of a legal dispute over "finders keepers." The St. Louis Post-Dispatch attempts to explain murky statutes revolving around found property versus stealing. After Bonnie Land found the expensive ring and agreed to return it weeks later, she was arrested. She subsequently sued the ring's owner for $66,500 alleging breach of contract as Land wasn't given the posted $3,000 reward money.
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Redskins' RG3 to have more tests on ACL


ASHBURN, Va. (AP) — Robert Griffin III will get more tests on his injured right knee after an MRI proved inconclusive because of a previous ACL tear.


Washington Redskins coach Mike Shanahan said Monday that the rookie quarterback will travel Tuesday to see orthopedist James Andrews for more examinations.


Griffin tore his ACL while playing at Baylor in 2009, and Shanahan said sometimes an old injury can cloud the results of an MRI.


If Griffin has torn the ACL again, he would likely require a rehabilitation period of nine to 12 months, putting his status for next season in jeopardy.


Griffin reinjured his knee twice in Sunday's playoff loss to Seattle.


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‘Exocomets’ Common Across Milky Way Galaxy






Comets may be as common as alien planets in star systems throughout the Milky Way galaxy, scientists say.


Astronomers have spotted likely comets around six faraway stars, bringing the total number of systems now thought to host the so-called “exocomets” to 10. It’s likely that all 10 of these systems also harbor alien planets, suggesting that comets and exoplanets are often found together, as they are in our own solar system, the new study found.






The number of exocomet-hosting systems could thus number in the billions across the Milky Way, as astronomers think our galaxy harbors at least 100 billion alien planets.


“This is sort of the missing link in current planetary formation studies,” lead author Barry Welsh, of the University of California, Berkeley, said in a statement. [A Sky Full of Alien Planets: Infographic]


“We see dust disks — presumably the primordial planet-forming material — around a whole load of stars, and we see planets, but we don’t see much of the stuff in between: the asteroid-like planetesimals and the comets,” Welsh added. “Now, I think we have nailed it. These exocomets are more common and easier to detect than people previously thought.”


Welsh presented the findings today (Jan. 7) duing a meeting of the American Astronomical Society in Long Beach, Calif.


The researchers discovered the six new exocomet systems using the 2.1-meter telescope of the McDonald Observatory in Texas.


The telescope picked up faint absorption lines that varied from night to night. The astronomers determined these features were caused by large clouds of gas emanating from comets as they drew close to their host stars and heated up.


In our own solar system, comets usually stay far from the sun, only venturing close after a gravitational disturbance sends them veering off on a new course. It’s likely that alien planets caused the newly discovered exocomets to plunge toward their stars, Welsh said.


The newfound exocomets all orbit very young and bright stars that are about 5 million years old, because the team’s detection technique works best with such stars. But higher-resolution instruments may reveal comets around older, more sun-like stars — the type around which most exoplanets have been found to date, researchers said.


The first exocomet system was discovered in 1987, and three more were spotted over the years.


“But then, people just lost interest. They decided that exocomets were a done deal, and everybody switched to the more exciting thing, exoplanets,” Welsh said. “But I came back to it last year and thought, ‘Four exocomets is not all that many compared to the couple of thousand exoplanets known — perhaps I can improve on that.’”


Follow SPACE.com on Twitter @Spacedotcom. We’re also on Facebook & Google+


Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Space and Astronomy News Headlines – Yahoo! News





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Many French aghast at Depardieu exit






STORY HIGHLIGHTS


  • Russian President Vladimir Putin has bestowed Russian citizenship on actor Gérard Depardieu

  • For Depardieu, a public war of words erupted, with many in France disgusted by his move

  • Depardieu more than anyone, represents the Gallic spirit, says Agnes Poirier

  • Majority of French people disapprove of his action but can't help loving him, she adds




Agnes Poirier is a French journalist and political analyst who contributes regularly to newspapers, magazines and TV in the UK, U.S., France, Italy. Follow her on Twitter.


Paris (CNN) -- Since the revelation on the front page of daily newspaper Libération, on December 11, with a particularly vicious editorial talking about France's national treasure as a "former genius actor," Gérard Depardieu's departure to Belgium, where he bought a property just a mile from the French border, has deeply divided and saddened France. Even more so since, as we have learnt this week, Russian President Vladimir Putin has bestowed the actor Russian citizenship.


Read more: Depardieu's puzzling love for Russia


Back in mid-December, the French media operated along political lines: the left-wing press such as Libération couldn't find strong enough words to describe Depardieu's "desertion" while right-wing publications such as Le Figaro, slightly uneasy at the news, preferred to focus on President François Hollande's punishing taxes which allegedly drove throngs of millionaires to seek tax asylum in more fiscally lenient countries such as Belgium or Britain. Le Figaro stopped short of passing moral judgement though. Others like satirical weekly Charlie hebdo, preferred irony. Its cover featured a cartoon of the rather rotund-looking Depardieu in front of a Belgian flag with the headline: "Can Belgium take the world's entire load of cholesterol?" Ouch.


Quickly though, it became quite clear that Depardieu was not treated in the same way as other famous French tax exiles. French actor Alain Delon is a Swiss resident as is crooner-rocker Johnny Halliday, and many other French stars and sportsmen ensure they reside for under six months in France in order to escape being taxed here on their income and capital. Their move has hardly ever been commented on. And they certainly never had to suffer the same infamy.


Read more: Actor Depardieu makes Russia trip after accepting citizenship



Agnes Poirier

Agnes Poirier



For Depardieu, a public war of words erupted. It started with the French Prime Minister Jean-Marc Ayrault, and many members of his government, showing their disdain, and talking of Depardieu's "pathetic move." In response the outraged actor penned an open letter to the French PM in which he threatened to give back his French passport.


The backlash was not over. Fellow thespian Phillipe Torreton fired the first salvo against Depardieu in an open letter published in Libération, insulting both Depardieu's protruding physique and lack of patriotism: "So you're leaving the ship France in the middle of a storm? What did you expect, Gérard? You thought we would approve? You expected a medal, an academy award from the economy ministry? (...)We'll get by without you." French actress Catherine Deneuve felt she had to step in to defend Depardieu. In another open letter published by Libération, she evoked the darkest hours of the French revolution. Before flying to Rome to celebrate the New Year, Depardieu gave an interview to Le Monde in which he seemed to be joking about having asked Putin for Russian citizenship. Except, it wasn't a joke.


Read more: French star Depardieu ditches France for Putin's Russia


In truth, French people have felt touched to their core by Depardieu's gesture. He, more than anyone, represents the Gallic spirit. He has been Cyrano, he has been Danton; he, better than most, on screen and off, stands for what it means to be French: passionate, sensitive, theatrical, and grandiose. Ambiguous too, and weak in front of temptations and pleasures.



In truth, French people have felt touched to their core by Depardieu's gesture. He, more than anyone, represents the Gallic spirit
Hugh Miles



For more than two weeks now, #Depardieu has been trending on French Twitter. Surveys have showed France's dilemma: half the French people understand him but there are as many who think that paying one's taxes is a national duty. In other words, a majority of French people disapprove of his action but can't help loving the man.


Read more: Paris promises flurry of economic reforms


Putin's move in granting the actor Russian citizenship has exacerbated things. And first of all, it is a blow to Hollande who, it was revealed, had a phone conversation with Depardieu on New Year's Day. The Elysées Palace refused to communicate on the men's exchange. A friend of the actor declared that Depardieu complained about being so reviled by the press and that he was leaving, no matter what.


If, in their hearts, the French don't quite believe Depardieu might one day settle in Moscow and abandon them, they feel deeply saddened by the whole saga. However, with France's former sex symbol Brigitte Bardot declaring that she too might ask Putin for Russian citizenship to protest against the fate of zoo elephants in Lyon, it looks as if the French may prefer to laugh the whole thing off. Proof of this: the last trend on French Twitter is #IWantRussianCitizenship.


Read more: Brigitte Bardot threatens to spurn France, embrace Russia if 2 elephants killed


The opinions expressed in this commentary are solely those of Agnes Poirier.






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Purse snatcher no match for Good Samaritans









Junior welterweight boxer Peter Heliotes came to Chicago recently to fight and he didn't have long to wait.

Heliotes, 20, won a bout on the streets of Lincoln Park when he took down a parolee who robbed a woman after threatening her with a screwdriver late Saturday night, according to police.

The 150-pound fighter had just stepped off the Brown Line around 11:45 p.m. after finishing his day job as a cook. He was about half a block from the Diversey station when he noticed a man across the street who appeared to be hugging a woman. The man seemed drunk because he was wrapped around her.

"Then I realized he was grabbing her purse, he was kind of wrestling with her," said Heliotes, who recently won his first local fight in Orland Park. "I've never really seen anybody get mugged before, but it was kind of my instincts."

As he crossed Diversey, the robber wrested away the woman's purse and she began screaming, Heliotes said. Without thinking, Heliotes said he ran after the man as he headed for the station. "I didn't know if he had a knife or what, so I tried to knock him to the floor by pushing him into the wall," Heliotes said. "He kept running."

Heliotes spotted people up ahead, and the woman called out for them to stop the robber.  A 24-year-old man who was with his girlfriend blocked the robber's path and forced him onto the street.

"I just heard someone yell out, 'Stop that guy," and he's literally 30 or 40 feet in front of me," said the man, who did not want his named used. "For me it was just a split-second decision that I'm going to do this, I'm protecting the people near me."

He and Heliotes wrestled the robber to the ground and took the purse back. That's when they spotted the screwdriver. "I said, 'Was he sticking you up with the screwdriver? She had a mark on her back," Heliotes said. "He was a pretty strong guy."

The two good Samaritans had the robber face-down on the street, but he continued to struggle as police sirens grew louder, they said. At least one other man stepped up and held the man's head down as officers arrived.

"It's one of those hypothetical situations that I think you're always, 'What would I do?' It doesn't even seem like it's real life," said the 24-year-old man. "I'm not even sure you could chalk it up to instincts."

He said he is protective by nature, and that seemed to kick in because he was with his girlfriend and has a younger sister.

The victim, 29, said she was returning to her home after spending the evening watching a movie at a friend's home nearby. She initially thought the screwdriver the robber pressed against her back was a gun.

"I actually thought it was a joke. . .then I realized, 'He may actually have a gun,' " said the woman, who works for a local non-profit organization. "Then he took my purse."

Not only did the two men help get her purse back, they sat with her for more than four hours at a police station as they were interviewed by police and prosecutors.

"How do you say thank you to just kind guys off the street who don't know you and just provided so much safety and security at that time for you," the woman said. "They not only gave me the security that night. . .they gave me the faith that there is good out there."

Jose Rodriguez, 30, was charged with armed robbery with a dangerous weapon and a parole violation. He was ordered held on $500,000 bail.  He has six felony convictions in his background, prosecutors said.

Contributing: Rosemary Regina Sobol

csadovi@tribune.com



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