New rules aim to get rid of junk foods in schools


WASHINGTON (AP) — Most candy, high-calorie drinks and greasy meals could soon be on a food blacklist in the nation's schools.


For the first time, the government is proposing broad new standards to make sure all foods sold in schools are more healthful.


Under the new rules the Agriculture Department proposed Friday, foods like fatty chips, snack cakes, nachos and mozzarella sticks would be taken out of lunch lines and vending machines. In their place would be foods like baked chips, trail mix, diet sodas, lower-calorie sports drinks and low-fat hamburgers.


The rules, required under a child nutrition law passed by Congress in 2010, are part of the government's effort to combat childhood obesity. While many schools already have improved their lunch menus and vending machine choices, others still are selling high-fat, high-calorie foods.


Under the proposal, the Agriculture Department would set fat, calorie, sugar and sodium limits on almost all foods sold in schools. Current standards already regulate the nutritional content of school breakfasts and lunches that are subsidized by the federal government, but most lunchrooms also have "a la carte" lines that sell other foods. Food sold through vending machines and in other ways outside the lunchroom has never before been federally regulated.


"Parents and teachers work hard to instill healthy eating habits in our kids, and these efforts should be supported when kids walk through the schoolhouse door," Agriculture Secretary Tom Vilsack said.


Most snacks sold in school would have to have less than 200 calories. Elementary and middle schools could sell only water, low-fat milk or 100 percent fruit or vegetable juice. High schools could sell some sports drinks, diet sodas and iced teas, but the calories would be limited. Drinks would be limited to 12-ounce portions in middle schools and to 8-ounce portions in elementary schools.


The standards will cover vending machines, the "a la carte" lunch lines, snack bars and any other foods regularly sold around school. They would not apply to in-school fundraisers or bake sales, though states have the power to regulate them. The new guidelines also would not apply to after-school concessions at school games or theater events, goodies brought from home for classroom celebrations, or anything students bring for their own personal consumption.


The new rules are the latest in a long list of changes designed to make foods served in schools more healthful and accessible. Nutritional guidelines for the subsidized lunches were revised last year and put in place last fall. The 2010 child nutrition law also provided more money for schools to serve free and reduced-cost lunches and required more meals to be served to hungry kids.


Sen. Tom Harkin, D-Iowa, has been working for two decades to take junk foods out of schools. He calls the availability of unhealthful foods around campus a "loophole" that undermines the taxpayer money that helps pay for the healthier subsidized lunches.


"USDA's proposed nutrition standards are a critical step in closing that loophole and in ensuring that our schools are places that nurture not just the minds of American children but their bodies as well," Harkin said.


Last year's rules faced criticism from some conservatives, including some Republicans in Congress, who said the government shouldn't be telling kids what to eat. Mindful of that backlash, the Agriculture Department exempted in-school fundraisers from federal regulation and proposed different options for some parts of the rule, including the calorie limits for drinks in high schools, which would be limited to either 60 calories or 75 calories in a 12-ounce portion.


The department also has shown a willingness to work with schools to resolve complaints that some new requirements are hard to meet. Last year, for example, the government relaxed some limits on meats and grains in subsidized lunches after school nutritionists said they weren't working.


Schools, the food industry, interest groups and other critics or supporters of the new proposal will have 60 days to comment and suggest changes. A final rule could be in place as soon as the 2014 school year.


Margo Wootan, a nutrition lobbyist for the Center for Science in the Public Interest, said surveys by her organization show that most parents want changes in the lunchroom.


"Parents aren't going to have to worry that kids are using their lunch money to buy candy bars and a Gatorade instead of a healthy school lunch," she said.


The food industry has been onboard with many of the changes, and several companies worked with Congress on the child nutrition law two years ago. Major beverage companies have already agreed to take the most caloric sodas out of schools. But those same companies, including Coca-Cola and PepsiCo, also sell many of the non-soda options, like sports drinks, and have lobbied to keep them in vending machines.


A spokeswoman for the American Beverage Association, which represents the soda companies, says they already have greatly reduced the number of calories that kids are consuming at school by pulling out the high-calorie sodas.


___


Follow Mary Clare Jalonick on Twitter at http://twitter.com/mcjalonick


Read More..

"Great Rotation"- A Wall Street fairy tale?

NEW YORK (Reuters) - Wall Street's current jubilant narrative is that a rush into stocks by small investors has sparked a "great rotation" out of bonds and into equities that will power the bull market to new heights.


That sounds good, but there's a snag: The evidence for this is a few weeks of bullish fund flows that are hardly unusual for January.


Late-stage bull markets are typically marked by an influx of small investors coming late to the party - such as when your waiter starts giving you stock tips. For that to happen you need a good story. The "great rotation," with its monumental tone, is the perfect narrative to make you feel like you're missing out.


Even if something approaching a "great rotation" has begun, it is not necessarily bullish for markets. Those who think they are coming early to the party may actually be arriving late.


Investors pumped $20.7 billion into stocks in the first four weeks of the year, the strongest four-week run since April 2000, according to Lipper. But that pales in comparison with the $410 billion yanked from those funds since the start of 2008.


"I'm not sure you want to take a couple of weeks and extrapolate it into whatever trend you want," said Tobias Levkovich, chief U.S. equity strategist at Citigroup. "We have had instances where equity flows have picked up in the last two, three, four years when markets have picked up. They've generally not been signals of a continuation of that trend."


The S&P 500 rose 5 percent in January, its best month since October 2011 and its best January since 1997, driving speculation that retail investors were flooding back into the stock market.


Heading into another busy week of earnings, the equity market is knocking on the door of all-time highs due to positive sentiment in stocks, and that can't be ignored entirely. The Standard & Poor's 500 Index <.spx> ended the week about 4 percent from an all-time high touched in October 2007.


Next week will bring results from insurers Allstate and The Hartford , as well as from Walt Disney , Coca-Cola Enterprises and Visa .


But a comparison of flows in January, a seasonal strong month for the stock market, shows that this January, while strong, is not that unusual. In January 2011 investors moved $23.9 billion into stock funds and $28.6 billion in 2006, but neither foreshadowed massive inflows the rest of that year. Furthermore, in 2006 the market gained more than 13 percent while in 2011 it was flat.


Strong inflows in January can happen for a number of reasons. There were a lot of special dividends issued in December that need reinvesting, and some of the funds raised in December tax-selling also find their way back into the market.


During the height of the tech bubble in 2000, when retail investors were really embracing stocks, a staggering $42.7 billion flowed into equities in January of that year, double the amount that flowed in this January. That didn't end well, as stocks peaked in March of that year before dropping over the next two-plus years.


MOM AND POP STILL WARY


Arguing against a 'great rotation' is not necessarily a bearish argument against stocks. The stock market has done well since the crisis. Despite the huge outflows, the S&P 500 has risen more than 120 percent since March 2009 on a slowly improving economy and corporate earnings.


This earnings season, a majority of S&P 500 companies are beating earnings forecast. That's also the case for revenue, which is a departure from the previous two reporting periods where less than 50 percent of companies beat revenue expectations, according to Thomson Reuters data.


Meanwhile, those on the front lines say mom and pop investors are still wary of equities after the financial crisis.


"A lot of people I talk to are very reluctant to make an emotional commitment to the stock market and regardless of income activity in January, I think that's still the case," said David Joy, chief market strategist at Columbia Management Advisors in Boston, where he helps oversee $571 billion.


Joy, speaking from a conference in Phoenix, says most of the people asking him about the "great rotation" are fund management industry insiders who are interested in the extra business a flood of stock investors would bring.


He also pointed out that flows into bond funds were positive in the month of January, hardly an indication of a rotation.


Citi's Levkovich also argues that bond investors are unlikely to give up a 30-year rally in bonds so quickly. He said stocks only began to see consistent outflows 26 months after the tech bubble burst in March 2000. By that reading it could be another year before a serious rotation begins.


On top of that, substantial flows continue to make their way into bonds, even if it isn't low-yielding government debt. January 2013 was the second best January on record for the issuance of U.S. high-grade debt, with $111.725 billion issued during the month, according to International Finance Review.


Bill Gross, who runs the $285 billion Pimco Total Return Fund, the world's largest bond fund, commented on Twitter on Thursday that "January flows at Pimco show few signs of bond/stock rotation," adding that cash and money markets may be the source of inflows into stocks.


Indeed, the evidence suggests some of the money that went into stock funds in January came from money markets after a period in December when investors, worried about the budget uncertainty in Washington, started parking money in late 2012.


Data from iMoneyNet shows investors placed $123 billion in money market funds in the last two months of the year. In two weeks in January investors withdrew $31.45 billion of that, the most since March 2012. But later in the month money actually started flowing back.


(Additional reporting by Caroline Valetkevitch; Editing by Kenneth Barry)



Read More..

Japanese Premier Holds Back on U.S. Base Relocation





TOKYO — Japanese Prime Minister Shinzo Abe said Saturday that he will not ask the Okinawan authorities for approval to begin constructing a long-stalled American air base, casting doubt on his government’s hopes to show progress in a troubled base relocation plan ahead of his planned trip to Washington later this month.




In a meeting on Okinawa, Mr. Abe told the Okinawan governor, Hidekazu Nakaima, that his government still wants to go ahead with the plan to relocate the Marine Corps Air Station Futenma to a site in northern Okinawa. However, in an apparent concession to Okinawa opposition, Mr. Abe said he will not ask the governor for a key construction permit before going to the United States, as some in Mr. Abe’s government had hoped to do.


The lack of progress in implementing the 17-year-old deal has strained ties between the United States and Japan, its largest Asian ally, at a time when both nations face the challenge of China’s rising military might. Mr. Abe, who took office in December with promises to patch up ties with Washington, had apparently hoped to restart the stalled plan ahead of his first meeting with President Obama, now likely to be held on Feb. 20 or 21.


Some members of Mr. Abe’s government had hoped to do this by formally asking the Okinawan governor for permission to begin land reclamation, a key step toward building the new base near the coastal village of Henoko. However, after a one-hour meeting on Saturday with the Okinawan governor, Mr. Abe said he will not ask for that permission ahead of the summit meeting.


Instead, Mr. Abe seemed to strike a more pragmatic tone, saying that he would work to regain Okinawan trust in the central government, which he said had been damaged when the previous prime minister, Yukio Hatoyama, reneged on his promises four years ago to relocate the base off the island. The governor, Mr. Nakaima, said that he still urged Mr. Abe to move the base off the island, citing the depth of local opposition.


Read More..

Hackers target Twitter, access about 250,000 user accounts






SAN FRANCISCO (Reuters) – Anonymous hackers have targeted Twitter this week and gained access to roughly 250,000 user accounts though only “limited information” such as email addresses was compromised, the microblog said on Friday.


Twitter has already reset passwords for affected users, and will notify them soon, it said in a blog post. The cyberattacks come days after the New York Times and the Wall Street Journal revealed they had been the target of a well-coordinated hacking effort.






“This attack was not the work of amateurs, and we do not believe it was an isolated incident,” Twitter said. “The attackers were extremely sophisticated, and we believe other companies and organizations have also been recently similarly attacked.”


(Reporting by Alexei Oreskovic; Editing by Gary Hill)


Tech News Headlines – Yahoo! News





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Jenna Miscavige Hill Pens Revealing Scientology Book















02/01/2013 at 08:00 PM EST







Jenna Miscavige and her uncle David inset


Michael Murphree; Inset: Polaris


What was it like to grow up inside Sea Org, the Church of Scientology's most elite body?

In her memoir Beyond Belief, excerpted exclusively below, Jenna Miscavige Hill describes her experiences at the Ranch, a San Jacinto, Calif., boarding school for children of Scientology execs. The niece of church head David Miscavige, she was raised away from her parents, then worked within Sea Org until leaving Scientology in 2005.

Now living near San Diego, married to Dallas Hill and mom to their children Archie, 3, and Winnie, 10 months, she's telling her story, she says, to increase awareness about Scientology: "I realize every day how lucky I am to have gotten out." (When asked to comment on the book's portrayal of its members, the church stated they had not read the book but that "any allegations of neglect are blatantly false.")

Jenna's parents, Ron and Blythe Miscavige, high-ranking members of Sea Org, sent both Jenna and her older brother Justin to the Ranch. There, at age 7, in accordance with Scientologists' belief that they are "Thetans," or immortal spirits, Jenna signed a billion-year contract.

I tried to write my name in my best cursive, the way I'd been learning. I had goose bumps. Just like that, I committed my soul to a billion years of servitude to the Church of Scientology.

Sea Org was run like the Navy: Members wore uniforms and managed all aspects of the church. Married members couldn't have kids; those who already did sent them to be raised communally.

A Sea Org member was required to be on duty for at least 14 hours a day, seven days a week, with a break for an hour of 'family time.' I was too young to understand that seeing your parents only one hour a day was highly unusual.

Read More..

Healthier schools: Goodbye candy and greasy snacks


WASHINGTON (AP) — Goodbye candy bars and sugary cookies. Hello baked chips and diet sodas.


The government for the first time is proposing broad new standards to make sure all foods sold in schools are more healthful, a change that would ban the sale of almost all candy, high-calorie sports drinks and greasy foods on campus.


Under new rules the Department of Agriculture proposed Friday, school vending machines would start selling water, lower-calorie sports drinks, diet sodas and baked chips instead. Lunchrooms that now sell fatty "a la carte" items like mozzarella sticks and nachos would have to switch to healthier pizzas, low-fat hamburgers, fruit cups and yogurt.


The rules, required under a child nutrition law passed by Congress in 2010, are part of the government's effort to combat childhood obesity. While many schools already have made improvements in their lunch menus and vending machine choices, others still are selling high-fat, high-calorie foods.


Under the proposal, the Agriculture Department would set fat, calorie, sugar and sodium limits on almost all foods sold in schools. Current standards already regulate the nutritional content of school breakfasts and lunches that are subsidized by the federal government, but most lunch rooms also have "a la carte" lines that sell other foods. And food sold through vending machines and in other ways outside the lunchroom has not been federally regulated.


"Parents and teachers work hard to instill healthy eating habits in our kids, and these efforts should be supported when kids walk through the schoolhouse door," said Agriculture Secretary Tom Vilsack.


Most snacks sold in school would have to have less than 200 calories. Elementary and middle schools could sell only water, low-fat milk or 100 percent fruit or vegetable juice. High schools could sell some sports drinks, diet sodas and iced teas, but the calories would be limited. Drinks would be limited to 12-ounce portions in middle schools, and 8-ounce portions in elementary schools.


The standards will cover vending machines, the "a la carte" lunch lines, snack bars and any other foods regularly sold around school. They would not apply to in-school fundraisers or bake sales, though states have the power to regulate them. The new guidelines also would not apply to after-school concessions at school games or theater events, goodies brought from home for classroom celebrations, or anything students bring for their own personal consumption.


The new rules are the latest in a long list of changes designed to make foods served in schools more healthful and accessible. Nutritional guidelines for the subsidized lunches were revised last year and put in place last fall. The 2010 child nutrition law also provided more money for schools to serve free and reduced-cost lunches and required more meals to be served to hungry kids.


Iowa Sen. Tom Harkin, a Democrat, has been working for two decades to take junk foods out of schools. He calls the availability of unhealthful foods around campus a "loophole" that undermines the taxpayer money that helps pay for the healthier subsidized lunches.


"USDA's proposed nutrition standards are a critical step in closing that loophole and in ensuring that our schools are places that nurture not just the minds of American children but their bodies as well," Harkin said.


Last year's rules faced criticism from some conservatives, including some Republicans in Congress, who said the government shouldn't be telling kids what to eat. Mindful of that backlash, the Agriculture Department exempted in-school fundraisers from federal regulation and proposed different options for some parts of the rule, including the calorie limits for drinks in high schools, which would be limited to either 60 calories or 75 calories in a 12-ounce portion.


The department also has shown a willingness to work with schools to resolve complaints that some new requirements are hard to meet. Last year, for example, the government relaxed some limits on meats and grains in subsidized lunches after school nutritionists said they weren't working.


Schools, the food industry, interest groups and other critics or supporters of the new proposal will have 60 days to comment and suggest changes. A final rule could be in place as soon as the 2014 school year.


Margo Wootan, a nutrition lobbyist for the Center for Science in the Public Interest, says surveys done by her organization show that most parents want changes in the lunchroom.


"Parents aren't going to have to worry that kids are using their lunch money to buy candy bars and a Gatorade instead of a healthy school lunch," she said.


The food industry has been onboard with many of the changes, and several companies worked with Congress on the child nutrition law two years ago. Major beverage companies have already agreed to take the most caloric sodas out of schools. But those same companies, including Coca-Cola and PepsiCo, also sell many of the non-soda options, like sports drinks, and have lobbied to keep them in vending machines.


A spokeswoman for the American Beverage Association, which represents the soda companies, says they already have greatly reduced the number of calories kids are consuming at school by pulling out the high-calorie sodas.


___


Follow Mary Clare Jalonick on Twitter at http://twitter.com/mcjalonick


Read More..

"Great Rotation"- A Wall Street fairy tale?

NEW YORK (Reuters) - Wall Street's current jubilant narrative is that a rush into stocks by small investors has sparked a "great rotation" out of bonds and into equities that will power the bull market to new heights.


That sounds good, but there's a snag: The evidence for this is a few weeks of bullish fund flows that are hardly unusual for January.


Late-stage bull markets are typically marked by an influx of small investors coming late to the party - such as when your waiter starts giving you stock tips. For that to happen you need a good story. The "great rotation," with its monumental tone, is the perfect narrative to make you feel like you're missing out.


Even if something approaching a "great rotation" has begun, it is not necessarily bullish for markets. Those who think they are coming early to the party may actually be arriving late.


Investors pumped $20.7 billion into stocks in the first four weeks of the year, the strongest four-week run since April 2000, according to Lipper. But that pales in comparison with the $410 billion yanked from those funds since the start of 2008.


"I'm not sure you want to take a couple of weeks and extrapolate it into whatever trend you want," said Tobias Levkovich, chief U.S. equity strategist at Citigroup. "We have had instances where equity flows have picked up in the last two, three, four years when markets have picked up. They've generally not been signals of a continuation of that trend."


The S&P 500 rose 5 percent in January, its best month since October 2011 and its best January since 1997, driving speculation that retail investors were flooding back into the stock market.


Heading into another busy week of earnings, the equity market is knocking on the door of all-time highs due to positive sentiment in stocks, and that can't be ignored entirely. The Standard & Poor's 500 Index <.spx> ended the week about 4 percent from an all-time high touched in October 2007.


Next week will bring results from insurers Allstate and The Hartford , as well as from Walt Disney , Coca-Cola Enterprises and Visa .


But a comparison of flows in January, a seasonal strong month for the stock market, shows that this January, while strong, is not that unusual. In January 2011 investors moved $23.9 billion into stock funds and $28.6 billion in 2006, but neither foreshadowed massive inflows the rest of that year. Furthermore, in 2006 the market gained more than 13 percent while in 2011 it was flat.


Strong inflows in January can happen for a number of reasons. There were a lot of special dividends issued in December that need reinvesting, and some of the funds raised in December tax-selling also find their way back into the market.


During the height of the tech bubble in 2000, when retail investors were really embracing stocks, a staggering $42.7 billion flowed into equities in January of that year, double the amount that flowed in this January. That didn't end well, as stocks peaked in March of that year before dropping over the next two-plus years.


MOM AND POP STILL WARY


Arguing against a 'great rotation' is not necessarily a bearish argument against stocks. The stock market has done well since the crisis. Despite the huge outflows, the S&P 500 has risen more than 120 percent since March 2009 on a slowly improving economy and corporate earnings.


This earnings season, a majority of S&P 500 companies are beating earnings forecast. That's also the case for revenue, which is a departure from the previous two reporting periods where less than 50 percent of companies beat revenue expectations, according to Thomson Reuters data.


Meanwhile, those on the front lines say mom and pop investors are still wary of equities after the financial crisis.


"A lot of people I talk to are very reluctant to make an emotional commitment to the stock market and regardless of income activity in January, I think that's still the case," said David Joy, chief market strategist at Columbia Management Advisors in Boston, where he helps oversee $571 billion.


Joy, speaking from a conference in Phoenix, says most of the people asking him about the "great rotation" are fund management industry insiders who are interested in the extra business a flood of stock investors would bring.


He also pointed out that flows into bond funds were positive in the month of January, hardly an indication of a rotation.


Citi's Levkovich also argues that bond investors are unlikely to give up a 30-year rally in bonds so quickly. He said stocks only began to see consistent outflows 26 months after the tech bubble burst in March 2000. By that reading it could be another year before a serious rotation begins.


On top of that, substantial flows continue to make their way into bonds, even if it isn't low-yielding government debt. January 2013 was the second best January on record for the issuance of U.S. high-grade debt, with $111.725 billion issued during the month, according to International Finance Review.


Bill Gross, who runs the $285 billion Pimco Total Return Fund, the world's largest bond fund, commented on Twitter on Thursday that "January flows at Pimco show few signs of bond/stock rotation," adding that cash and money markets may be the source of inflows into stocks.


Indeed, the evidence suggests some of the money that went into stock funds in January came from money markets after a period in December when investors, worried about the budget uncertainty in Washington, started parking money in late 2012.


Data from iMoneyNet shows investors placed $123 billion in money market funds in the last two months of the year. In two weeks in January investors withdrew $31.45 billion of that, the most since March 2012. But later in the month money actually started flowing back.


(Additional reporting by Caroline Valetkevitch; Editing by Kenneth Barry)



Read More..

Death Toll in Mexico City Explosion at 33


Ginnette Riquelme for The New York Times


Workers surveyed the damage that resulted from an explosion at the headquarters of a state-owned oil company, Pemex, in Mexico City Friday.







MEXICO CITY — Hundreds of rescue workers ended their search for survivors on Friday at the site of an explosion that tore through an office building of Mexico’s state-owned oil company a day earlier, as the death toll rose to 33. The head of the company said early indications about the cause suggested that it was an accident.




“All lines of investigation are open; we are not going to discount anything,” said Emilio Lozoya Austin, chief executive of the oil company, Petróleos Mexicanos, or Pemex. “But what it seems like, from what experts can observe, is that it was an accident.”


Mr. Lozoya, at a news conference Friday morning and in interviews throughout the day, emphasized that the investigation was continuing, and that no clear cause had been found. Mexico’s president, Enrique Peña Nieto, visiting a hospital where many of the 120 people who were injured by the explosion were being treated, asked the public to avoid speculating on the cause.


Nonetheless, in a country with little trust in its institutions, the pressure on the government to provide details is mounting as reporters and Twitter users ask pointed questions about why officials have not said what exploded or why. Rumors of bombs and of censored Twitter accounts of Pemex employees swirled online Friday, leading many to note that the blast revealed once again that when there is a lack of transparency, the void tends to be filled with imagined horrors.


“We are all into conspiracy theories,” said Gabriel Guerrero, a political analyst in Mexico City. While the government seems to have communicated relatively well so far, regularly updating the death toll, he said, “the real test will come over the next few days and weeks.”


Independent explosives experts said it often takes more than 48 hours to identify the cause of a large blast that, in this case, collapsed several floors and shattered windows across a wide area. Jimmie C. Oxley, a chemistry professor and explosives expert at the University of Rhode Island, said by telephone that while some forensic investigators may have an idea by now of what happened, it often takes more time to come to a conclusion with colleagues.


All of this is made more difficult by the amount of rubble at the site, Professor Oxley said, noting that photographs posted online showed a tangle of concrete, wires and collapsed floors.


Typically, she said, explosions at buildings are caused by one of two things: gas that is suddenly ignited, or a bomb. Bombs tend to create craters and cratered metal that point investigators to a specific location. If, for example, a basement garage was affected at the Pemex building, Professor Oxley said, investigators would look for signs of a car bomb.


“It’s hard to imagine a bomb carried by a person being very large,” she said.


Gas explosions, like the one that killed several hundred people in Guadalajara in 1992, can be harder to identify because there is not necessarily a single ignition point. Also, Professor Oxley said, since the explosion on Thursday occurred on the lower floors of a building (an administration building near the Pemex tower), “it’s important to know if you had the heating system of the building there, or how that was arranged.”


Government officials have said the blast happened in an area near the base of the building where workers checked their timecards. Before news of the explosion emerged, company officials said there was an electricity problem there, but Professor Oxley said electricity alone would lead to a fire, not an explosion, though if gas had been leaking, a small spark could have been enough to set off a colossal blast.


Still, not all investigations lead to answers. Recalling the case of an explosion at a mall in the Philippines that she was consulted on, Professor Oxley said she could not confirm that there were explosives present based on samples from the scene. “I don’t know there ever was a conclusion,” she said.


Karla Zabludovsky contributed reporting.



Read More..

Online bingo shows its worth at Rank






LONDON (Reuters) – It may lack the noisy camaraderie of a trip to the bingo hall, but the online version of the numbers game has proved more profitable for Britain‘s Rank Group than the original.


The merits of the online business were further emphasized when Rank said a snowy January had cost it 3 million pounds ($ 4.7 million) in revenue as Britons opted not to venture out to its bingo halls and casinos.






Operating profit from online bingo was 11.4 million pounds, just beating the 11.1 million earned from the venues themselves.


The company, majority owned by Malaysia’s Guoco, reported a 4 percent decline in pretax profit to 31.3 million pounds in the six months to December, with its loss-making Blue Square betting business proving a drag.


Many parts of Britain have seen heavy snow over the last two weeks and there are fears that the bad weather will hit economic activity and push the country back into recession.


Pub groups Enterprise Inns and Mitchell & Butlers both said the recent cold snap had hit sales.


“Allowing for the slow start to the second half we remain confident in our prospects for the remainder of the year and in our longer-term growth strategy,” Rank Chief Executive Ian Burke said.


Rank’s main activities are in Britain where it runs 35 Grosvenor Casinos and more than 100 Mecca bingo clubs.


Profits growth in its online bingo business mirrors that in the gambling industry as a whole where online betting is the fastest growing part of the market, helped by the popularity of smart phones and tablets.


However, Rank has said it is reviewing the future of its own struggling online betting business Blue Square, a relative minnow in a crowded sector.


“We felt the losses were not losses we could continue to sustain,” said Burke.


Blue Square reported an operating loss of 4.8 million pounds in the six months and Rank has now cut its spending on marketing the business.


“There were 11 or 12 competitors advertising and that spending just wasn’t cutting through,” said Burke.


He declined to comment further on the future of the business pending completion of the review.


Rank is awaiting regulatory clearance for a planned 205 million pound deal to buy the casino business of Gala Coral.


A preliminary report by the Competition Commission said Rank could have to sell six casinos to get the deal approved.


($ 1 = 0.6332 British pounds)


(Editing by Louise Ireland and Brenda Goh)


Internet News Headlines – Yahoo! News





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30 Rock Finale Makes PEOPLE TV Critic 'Deliriously Happy'






TV News










01/31/2013 at 09:05 PM EST



Spoilers ahead!

The 30 Rock finale was one of the most delightful series wrap-ups I can remember. Not only were Liz Lemon and her fellow NBC colleagues not dead – there's really no getting over the end of Lost – but they were full of the sparkling, absurd liveliness that characterized the show at its best throughout seven seasons.

A light sentimentality in this last hour gave everything just enough of an emotional underpinning – which the show has sometimes needed.

With its endless supply of shiny, shapely little jokes, the show could feel like a wonderful salad served up without a bowl. You got tired of being showered with lovely microgreens. This time we got the bowl. It was a lovely burnished wood.

Liz (Tina Fey – but you knew that) had to create one last episode of TGS, her now-canceled show – otherwise an obscure clause would kick in and Tracy Jordan (Tracy Morgan) would receive a payout costing NBC millions of dollars.

Meanwhile, Liz's boss, capitalist king Jack Donaghy (Alec Baldwin) finally landed the top corporate job, only to learn that this ultimate success wasn't the same thing as fulfillment.

Lemon, he realized, understood more about life than he did: "I used to be a shark," he told her, "and then you unshark-ulated me."

Deprived of his Ayn Rand glory, he sank into moroseness.

Baldwin, an excellent actor, does comic despair just as well as he does comic gloating.

This is perhaps the moment to note how strongly the show was rooted in the friendly but antagonistic relationship of Jack and Liz: Mentor and mentee, father and overgrown daughter, maybe platonic boyfriend and girlfriend. Their significance as a couple was richly elastic.

And the way they negotiated their political differences should be a model for our troubled partisan era, although I wouldn't be surprised if decades from now the show becomes some sort of divisive manifesto. Liberals will march around with protest posters of Liz, while conservatives consult apps containing every phrase Jack ever uttered.

The finale also included a ridiculous plot thread in which the lumbering, deeply perverse Lutz (John Lutz) went to diabolical lengths to be the one in charge of ordering a last takeout lunch for the writing staff. His heart and principally his stomach were set on Blimpie.

Of the seemingly hundreds of jokes in the course of the night, I liked these best:

• Kenneth the page (Jack McBrayer), now head of the network, offering Liz refreshment in his new office: "Can I get you anything? Chickpeas? Moonshine? Turtle meat?"

• After an adventurous session of lovemaking, Jack's old flame Nancy (Julianne Moore) lost her broad Boston accent and instead spoke like a posh Brit.

• Jenna Maroney (Jane Krakowski) turning up for a guest part (a corpse) on Law & Order: "I am just so glad to finally return to my two loves, dramatic acting and sex crimes."

The show also reprised my favorite joke from the entire series: Jenna, fans will recall, starred in an obscure indie movie, a legal thriller with the endlessly mangled title The Rural Juror. (In one especially good episode, Rachel Dratch played Barbara Walters taking a stab at pronouncing it.)

Anyway, during the finale Jenna sang the title song from a musical adaptation of Juror.

The lyrics were virtually incomprehensible, except for "I will never forget you" and "turgid error." It made me deliriously happy.

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