Uncharted territory: Where digital maps are leading us

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ECB chief hails euro relaunch at Davos

DAVOS, Switzerland: The head of the European Central Bank said on Friday that the embattled euro had been relaunched but that more had to be done to boost the eurozone's recession-wracked economy.

Speaking to the world's top business and political leaders at the World Economic Forum in Davos, Mario Draghi also said that austerity measures being taken in crisis-hit countries were "unavoidable" despite the impact on growth.

"If one has to find a common denominator... for defining why 2012 is going to be remembered, I think one would say it's the year of the relaunching of the euro," Draghi said in his well-attended and hotly anticipated speech.

Draghi outlined three "extraordinary" steps taken by European leaders and institutions to battle the three-year sovereign debt crisis that has pitched the 17-nation bloc into recession.

Governments have pushed through structural reforms with "urgency" and these are "now bearing fruit," said the ECB boss.

European leaders had recognised structural flaws inherent in the single currency and were now pushing for greater integration.

And finally, his own institution had undertaken actions that broke the monetary policy mould, including providing one trillion euros ($1.33 trillion) in liquidity for banks.

The ECB also announced a programme to buy the bonds of debt-wracked countries which had proved "very helpful" in reducing the perception that the euro was on the point of collapse, Draghi said.

However, he said it was too early to declare the battle over.

"Are we satisfied for that? I think to say the least, the jury is still out. Because all in all, we haven't seen an equal momentum on the real side of the economy and that's where we will have to do much more," he said.

Nevertheless, Draghi hailed what he called a period of "relative tranquility" on the financial markets and said: "All the indices point to a substantial improvement of financial conditions."

"It is a situation where you have what I called once positive contagion on the financial markets ... but we don't see this being transmitted into the real economy yet," complained the central banker.

He forecast that the euro area economy would "stabilise" at a "very low level of activity" this year, and predicted "a recovery in the second part of the year."

The European Central Bank has forecast the eurozone economy will contract by 0.3 percent this year but rebound to register GDP growth of 1.2 percent in 2014.

Draghi urged governments not to let up on the momentum of reforms just because the pressure from the markets had been reduced.

"We can have a positive development if national governments would persevere in their actions, both in fiscal consolidation but especially now in the field of structural reforms," he said.

Fiscal consolidation - or reducing debt and deficit mountains - was "unavoidable" he stressed, but he acknowledged that raising taxes and cutting spending tended to result in slower economic growth.

Draghi concluded with a plea to the global elite not to underestimate the euro area economy, despite its woes.

Notwithstanding the strife in weaker euro countries like Spain and Greece, the average levels of indicators such as productivity or inflation put the euro area in line with some of the best economies in the world, he said.

"We tend to forget the strength of the euro area economy."

- AFP/de

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Apple's Tim Cook gives workers kudos for strong quarter

Apple CEO Tim Cook introduces the iPhone 5.

(Credit:
James Martin/CNET)

Apple CEO Tim Cook gave his employees a pat on the back for their contributions to the latest quarterly results.

In an e-mail distributed throughout Apple yesterday, Cook praised workers for their "incredible hard work and focus" in "another record setting quarter." Apple's CEO noted that more than 75 million iOS devices were sold last quarter, which he called a "testament to the strength of Apple's innovation."

An employee Town Hall meeting is slated for today at 10 a.m. PT where Cook will answer questions submitted in advanced. As shared by 9to5Mac, here's Cook's e-mail of congratulations to employees:

Team, We've just reported another record setting quarter, thanks to everyone's incredible hard work and focus. We sold over 75 million iOS devices in the holiday quarter alone, which is a testament to the strength of Apple's innovation. Please join me for an employee communications meeting tomorrow at 10 a.m. Pacific time in the auditorium of De Anza 3. We've created a space on AppleWeb where you can submit your questions in advance, and we'll do our best to answer as many of them as we can during the meeting. The meeting will be broadcast live throughout Cupertino and at many other Apple locations. Please check AppleWeb for details. Tim

Though Cook seemed pleased with the latest results, at least publicly, Apple investors have been less than kind. The company posted record sales of $54.5 billion, but Wall Street was looking for $54.7 billion. In reaction, Apple's stock has been hammered since the results were revealed on Wednesday.

But much of the concern is over Apple's future. Analysts and investors alike are worried that Apple won't be able to maintain its usual high-growth performance and that its best days may be behind it.

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Deformed Dolphin Accepted Into New Family

In 2011, behavioral ecologists Alexander Wilson and Jens Krause of the Leibniz-Institute of Freshwater Ecology and Inland Fisheries in Germany were surprised to discover that a group of sperm whales (Physeter macrocephalus)—animals not usually known for forging bonds with other species—had taken in an adult bottlenose dolphin (Tursiops truncatus).

The researchers observed the group in the ocean surrounding the Azores (map)—about 1,000 miles (1,600 kilometers) off the coast of Lisbon, Portugal—for eight days as the dolphin traveled, foraged, and played with both the adult whales and their calves. When the dolphin rubbed its body against the whales, they would sometimes return the gesture.

Among terrestrial animals, cross-species interactions are not uncommon. These mostly temporary alliances are forged for foraging benefits and protection against predators, said Wilson.

They could also be satisfying a desire for the company of other animals, added marine biologist John Francis, vice president for research, conservation, and exploration at the National Geographic Society (the Society owns National Geographic News).

Photographs of dogs nursing tiger cubs, stories of a signing gorilla adopting a pet cat, and videos of a leopard caring for a baby baboon have long circulated the Web and caught national attention.

A Rare Alliance

And although dolphins are known for being sociable animals, Wilson called the alliance between sperm whale and bottlenose dolphin rare, as it has never, to his knowledge, been witnessed before.

This association may have started with something called bow riding, a common behavior among dolphins during which they ride the pressure waves generated by the bow of a ship or, in this case, whales, suggested Francis.

"Hanging around slower creatures to catch a ride might have been the first advantage [of such behavior]," he said, adding that this may have also started out as simply a playful encounter.

Wilson suggested that the dolphin's peculiar spinal shape made it more likely to initiate an interaction with the large and slow-moving whales. "Perhaps it could not keep up with or was picked on by other members of its dolphin group," he said in an email.

Default

But the "million-dollar question," as Wilson puts it, is why the whales accepted the lone dolphin. Among several theories presented in an upcoming paper in Aquatic Mammals describing the scientists' observations, they propose that the dolphin may have been regarded as nonthreatening and that it was accepted by default because of the way adult sperm whales "babysit" their calves.

Sperm whales alternate their dives between group members, always leaving one adult near the surface to watch the juveniles. "What is likely is that the presence of the calves—which cannot dive very deep or for very long—allowed the dolphin to maintain contact with the group," Wilson said.

Wilson doesn't believe the dolphin approached the sperm whales for help in protecting itself from predators, since there aren't many dolphin predators in the waters surrounding the Azores.

But Francis was not so quick to discount the idea. "I don't buy that there is no predator in the lifelong experience of the whales and dolphins frequenting the Azores," he said.

He suggested that it could be just as possible that the sperm whales accepted the dolphin for added protection against their own predators, like the killer whale (Orcinus orca), while traveling. "They see killer whales off the Azores, and while they may not be around regularly, it does not take a lot of encounters to make [other] whales defensive," he said.

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Alleged Doctor Killer Had Anger Issues, Friend Says

Jason Smith, the Philadelphia exterminator who police say showed up at the home of Dr. Melissa Ketunuti this week to solve her rodent problem before strangling her, was a problem child as an adolescent, a family friend told ABC News.

The family friend from many years ago, who asked for anonymity, said Smith, 36, had behavior and anger issues, and that he also liked to set things on fire.

After Smith and Ketunuti got into "some kind of argument" in Ketunuti's basement, he struck her, strangled her and set her on fire, according to police.

Smith reportedly admitted to the brutal slaying after hours of police questioning Wednesday night.
Smith told police that Ketunuti had "belittled" him, sources told ABC News affiliate WPVI-TV in Philadelphia

He snapped and apparently tried to hide any evidence by setting the 35-year-old doctor on fire with paper he lit in the kitchen, the station reported.

Philadelphia Police Department/AP Photo

Pa. Doctor Killing: Person of Interest in Custody Watch Video

Philadelphia Doctor's Murder Leaves Police Baffled Watch Video

"People like Mr. Smith basically walk around with a huge chip on their shoulder, and they feel so inadequate and so insecure that any perceived belittlement of them will set them off," ABC News consultant and former FBI agent Brad Garrett said.

Capt. James Clark of the Philadelphia Police Department said Smith's mood and clarity varied during his alleged confession.

"At some points, he was solemn. At other points, it was like he was in a fog," Clark said at a news conference.

Smith has been charged with murder, arson, abuse of a corpse and risking a catastrophe.

Ori Feibush, who owns a coffee shop near Ketunuti's street, said he and police pored over hours of surveillance video until they saw Ketunuti walking home from doing errands, with Smith steps behind her.

"Forty-five minutes later, we see this same guy walking past, but [he] looks a little more disheveled and he's got gloves on," Feibush told ABC News.

Police say that after the slaying, Smith circled Ketunuti's block twice, before heading off to another job.

Ketunuti was a doctor at the Children's Hospital of Philadelphia and had lived alone in the Graduate Hospital neighborhood of the city for about three years. Her family released a statement saying they are "devastated by this senseless act of violence."

"Melissa's friends from childhood, college, residency and elsewhere remember her many kindnesses, even during long hours, as well as her zest for life: traveling, running and spending time with friends and family," the statement said. "Melissa was a source of joy to everyone in her life. Her passing has left an enormous gap in our lives."

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Genes from nowhere: Orphans with a surprising story

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Taiwanese gets life sentence for election rally shooting

TAIPEI: Taiwan's supreme court ruled on Thursday that a man who opened fire at an election rally, killing one person and injuring a politician's son, must serve a life sentence.

The top court confirmed a decision last year by the high court, which convicted Lin Cheng-wei, 48, of attempted murder and illegal possession of firearms and sentenced him to life.

The high court had increased a 24-year sentence passed by a district court.

Lin, who had a criminal record, was arrested at the scene after opening fire at a campaign rally of the ruling Kuomintang (KMT) party in November 2010 near Taipei.

Lin claimed he had intended to shoot a KMT candidate with whom he had a personal dispute, but that he accidentally shot Sean Lien -- son of former vice-president Lien Chan -- in the face while he was on the stage.

Lien denied Lin's claim, insisting he himself was the target.

A man in the crowd was hit by the same bullet and died on the spot, only hours before voters went to the polls in local elections.

Lien was rushed to hospital for emergency surgery and released after ten days of treatment.

The incident revived painful memories of another election-eve shooting in 2004, when then-president Chen Shui-bian and his deputy Annette Lu were shot while campaigning for re-election.

Critics alleged that the 2004 shooting was staged to win sympathy for Chen, who eventually won by a razor-thin margin in a disputed election that plunged the island into political turmoil for months.

- AFP/xq

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Apple still in the dog house with Wall Street

Apple CEO Tim Cook unveiling the iPhone 5.

(Credit:
James Martin/CNET)

It appears Wall Street is still suffering from an Apple hangover.

Last night, Apple posted its fiscal first-quarter results and got hammered for it. It's the morning after, and investors are still running for the hills. Shares are down nearly 10 percent to $463.65 in pre-market trading today.

The results themselves weren't bad. In fact, they were quite good: record sales of iPhones and iPads, nearly $55 billion in revenue and $13.4 billion in profit.

But investors aren't looking at how Apple did, and instead are more interested in how it will do. It's here where the legitimate concerns of slowing growth begin to pop up. In particular, a new policy on a supposedly more accurate estimate range for revenue suggests that Apple won't be blowing away its projected numbers in the coming quarters.

"We believe the reason Apple is doing this is to more aggressively manage Street expectations in an effort to prevent wildly out of consensus thinking," said Gene Munster, an analyst at Piper Jaffray.

Looking at CEO Tim Cook's tenure over the last few quarters, and the company has been doing anything but beating expectations. The last few months have seen investors readjusting their expectations of the company, realizing that its tremendous growth trends may be at an end.

Oppenheimer & Co. analyst Ittai Kidron issued a note titled, "Just one of the guys," and said that people will need to start seeing Apple as just another high-flying technology company -- good for everyone else, but a disappointment relative to the stellar and dominant run it has had over the past few years.

Apple executives didn't really help their case on yesterday's conference call with analysts. In answering a question on where Apple sees market share in the high-end smartphone market, Cook responded by saying the company only cares about making good products -- an answers that seemingly elicited a laugh from the analyst. Cook seemed to dance around questions about future demand and how it would respond to the competition's aggressive roll out of larger phones.

While Apple dodging questions is par for the course, the lack of answers at a time when there is heightened scrutiny around the company doesn't give investors a lot of optimism at a time when their confidence is already shaken.

"Apple will undoubtedly fight the perception its iPhone franchise is slowing after posting a third straight middling quarterly result and outlook," said Matthew Hoffman, an analyst at Cowen & Co.

Still, while the tone among analysts have been negative this morning, there are still many who keep their "buy" rating on the stock, with many suggesting that the current sell-off may present a buying opportunity for investors looking for a bargain.

"The medium-term risk-reward is attractive," said Morgan Stanley analyst Katy Huberty, although she noted that in the immediate future, she doesn't see much upside. But she, like many other analysts, are banking that a new line of products in the summer will provide a much-needed catalyst for growth.

It's the question of whether Apple can deliver like it used to that has so many investors scratching their heads.

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Deformed Dolphin Accepted Into New Family

In 2011, behavioral ecologists Alexander Wilson and Jens Krause of the Leibniz-Institute of Freshwater Ecology and Inland Fisheries in Germany were surprised to discover that a group of sperm whales (Physeter macrocephalus)—animals not usually known for forging bonds with other species—had taken in an adult bottlenose dolphin (Tursiops truncatus).

The researchers observed the group in the ocean surrounding the Azores (map)—about 1,000 miles (1,600 kilometers) off the coast of Lisbon, Portugal—for eight days as the dolphin traveled, foraged, and played with both the adult whales and their calves. When the dolphin rubbed its body against the whales, they would sometimes return the gesture.

Among terrestrial animals, cross-species interactions are not uncommon. These mostly temporary alliances are forged for foraging benefits and protection against predators, said Wilson.

They could also be satisfying a desire for the company of other animals, added marine biologist John Francis, vice president for research, conservation, and exploration at the National Geographic Society (the Society owns National Geographic news).

Photographs of dogs nursing tiger cubs, stories of a signing gorilla adopting a pet cat, and videos of a leopard caring for a baby baboon have long circulated the web and caught national attention.

A Rare Alliance

And although dolphins are known for being sociable animals, Wilson called the alliance between sperm whale and bottlenose dolphin rare, as it has never, to his knowledge, been witnessed before.

This association may have started with something called bow riding, a common behavior among dolphins during which they ride the pressure waves generated by the bow of a ship or, in this case, whales, suggested Francis.

"Hanging around slower creatures to catch a ride might have been the first advantage [of such behavior]," he said, adding that this may have also started out as simply a playful encounter.

Wilson suggested that the dolphin's peculiar spinal shape made it more likely to initiate an interaction with the large and slow-moving whales. "Perhaps it could not keep up with or was picked on by other members of its dolphin group," he said in an email.

Default

But the "million-dollar question," as Wilson puts it, is why the whales accepted the lone dolphin. Among several theories presented in an upcoming paper in Aquatic Mammals describing the scientists' observations, they propose that the dolphin may have been regarded as nonthreatening and that it was accepted by default because of the way adult sperm whales "babysit" their calves.

Sperm whales alternate their dives between group members, always leaving one adult near the surface to watch the juveniles. "What is likely is that the presence of the calves—which cannot dive very deep or for very long—allowed the dolphin to maintain contact with the group," Wilson said.

Wilson doesn't believe the dolphin approached the sperm whales for help in protecting itself from predators, since there aren't many dolphin predators in the waters surrounding the Azores.

But Francis was not so quick to discount the idea. "I don't buy that there is no predator in the lifelong experience of the whales and dolphins frequenting the Azores," he said.

He suggested that it could be just as possible that the sperm whales accepted the dolphin for added protection against their own predators, like the killer whale (Orcinus orca), while traveling. "They see killer whales off the Azores, and while they may not be around regularly, it does not take a lot of encounters to make [other] whales defensive," he said.

Read More..

N. Korea Vows More Nuke Tests Targeting U.S.

In a bellicose statement singling out the United States as the "sworn enemy" of the Korean people, North Korea today announced plans for a third nuclear test and continued rocket launches.

The move is seen as a disappointment to those who hoped the country's new leader, Kim Jong-Un, might take a less aggressive path than his predecessor and father, Kim Jong-il.

It is also seen as a direct challenge to President Obama and South Korea's newly elected president, Park Geun-hye, who takes office next month.

The statement from North Korea's National Defense Commission read:

"Settling accounts with the U.S. needs to be done with force, not with words as it regards jungle law as the rule of its survival."

The renewed threats come in response to the U.S. backed resolution tightening sanctions against North Korea after its December rocket launch.

At that time, North Korea repeatedly insisted that the launch was simply part of its peaceful space program. The recent statement made no mention of that.

It read: "We are not disguising the fact that the various satellites and long-range rockets that we will fire and the high-level nuclear test we will carry out are targeted at the United States."

South Korean officials analyzed debris from the December launch that, they say, indicates North Korea built and tested crucial components for a missile that can fly further than 6,200 miles.

Analysts say that preparations at the Pungyee test site in northeastern North Korea are underway and that a new underground test could take place on short notice.

Within the international monitoring community it is not believed that North Korea currently has the capability to launch a long-range rocket with the capacity to reach the United States or the technology to mount a nuclear warhead on a long-range missile. But the U.S. is not pleased with North Korea's plans. Glyn Davies, the top U.S. envoy to the region, said in Seoul, "We hope they don't do it. We call on them not to do it."

China, North Korea's main ally in the region, is also urging restraint. China backed the U.S. resolution at the United Nations and today the Foreign Ministry cautioned North Korea not to take further steps to increase tension.

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