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.

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"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)

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3 Things That Still Worry Me About BlackBerry

BlackBerry put on a pretty good show on Wednesday when it revealed the Z10 and the Q10, its first new smartphones in a year and a half. The demos were crisp, and the new BlackBerry 10 software looked clever. At the very least, it seems that BlackBerry has finally joined the modern smartphone era.

But despite my interest in BlackBerry’s new phones, I’m still worried about the future of the platform, and not merely because it’s been off the radar for a while. Looking at what BlackBerry did and didn’t announce, and what reviewers are saying about the product, gives me a few big reasons for concern:

Apps, Both Present and Future

BlackBerry deserves credit for having lots of apps out of the gate–more than 70,000, the company says–including some important ones like Twitter, Facebook, Angry Birds and The New York Times. Still, there are some big names missing from the list, including Netflix, YouTube, Spotify and Instagram. You can’t expect a new platform to have everything right away, though, so I don’t want to judge BlackBerry’s current app count too harshly.

It’s the future that I’m really worried about. What happens when the next Instagram comes out, and becomes a sensation on the iPhone and Android? Will BlackBerry be like Windows Phone–that is, just an afterthought in the minds of up-and-coming app developers? The good news is that Android apps are relatively easy to port to BlackBerry 10 (in fact, roughly 40 percent of those 70,000 launch apps are simple ports, ReadWrite notes), so RIM just has to convince developers to make a relatively small effort. We’ll see if they do.

Never Neglect Maps

The consensus among BlackBerry Z10 reviews is that its Maps app is subpar. The Verge complained about inaccurate data, and said the software couldn’t reliably find local businesses. CNet bemoaned a lack of features, such as walking directions, transit maps and street views. Apparently the software doesn’t even let you jump into the Maps app by tapping on an address or map in the web browser. That’s just basic stuff. At least the Maps app includes voice-guided turn-by-turn directions.

In any case, having a good mapping service isn’t just about telling you where to go. It’s about using your location to deliver useful information. Google Now, for instance, can warn you about traffic before your commute home, and Apple‘s Passbook can call up a boarding pass when you get to the airport. These days, a really good standalone Maps app is only part of the equation, and BlackBerry doesn’t even have that yet.

Voice Commands and Virtual Assistants

BlackBerry has added voice commands in its new phones, but the list of supported actions is paltry compared to what Android and the iPhone offer. You can’t ask for movie times, the weather forecast, directions, or things to do. You can’t tell the phone to start playing music, answer a trivia question, calculate numbers or set reminders.

You may argue that it doesn’t matter, that most people don’t rely too heavily on voice commands to begin with. I think that will change as these virtual assistants become faster and support more types of queries. They’ll also become more useful in automobiles–in fact, some car makers are now starting to integrate Siri–and they may some day play a big role in wearable computing, allowing you to communicate by voice when your phone is just out of reach. It’s still early days for this kind of technology, but Apple and Google already have a huge head start. BlackBerry, by comparison, is just getting started.

I’m not saying the new BlackBerry phones are no good, or that no one should use them. Like I said before, the software has some clever ideas, such as the Hub that combines all communications into one area, and the Balance feature that acts as a separate login for business use. But the smartphone industry moves quickly, and BlackBerry’s period of rebuilding has taken its toll in a few key areas. As with before, it’s going to be hard for the company to catch up.

MORE: Check out a video about the new hardware and features

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Syria Says It Has Right to Counterattack Israel

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A post office worker showed an Israeli child how to wear a gas mask on Thursday at a mall in the Pisgat Ze’ev area of East Jerusalem. More Photos »

BEIRUT, Lebanon — Tensions over the Israeli airstrike on Syrian territory appeared to increase on Thursday as Syria delivered a letter to the United Nations declaring its right to self-defense and Israel’s action was condemned not only by longstanding enemies, including Iran and Hezbollah, but also by Russia.

Israeli officials remained silent about their airstrike in Syrian territory on Wednesday, a tactic that experts said was part of a longstanding strategy to give targeted countries face-saving opportunities to avoid worsening a conflict. But Syria’s own confirmation of the attack may have undercut that effort.

“From the moment they chose to say Israel did something, it means someone has to do something after that,” said Giora Eiland, a former national security adviser in Israel and a longtime military leader. But other analysts said that Syria’s overtaxed military was unlikely to retaliate and risk an Israeli onslaught that could tip the balance in its fight against the 22-month Syrian uprising. They also said Syria’s ally Hezbollah was loath to provoke conflict with Israel as it sought to maintain domestic calm in neighboring Lebanon.

Syria’s ambassador to Lebanon declared that Syria had “the option and the capacity to surprise in retaliation.” The Iranian deputy foreign minister warned that the attack would have “grave consequences for Tel Aviv,” while the Russian Foreign Ministry said the strike “blatantly violates the United Nations Charter and is unacceptable and unjustified, whatever its motives.” Lebanon’s Foreign Ministry also condemned the attack — as did some Syrian rebels, seeking to deny President Bashar al-Assad of Syria a chance to rally support as a victim of Israel.

Many questions swirled about the target, motivations and repercussions of the Israeli attack, which Arab and Israeli analysts said demonstrated the rapid changes in the region’s strategic picture as Mr. Assad’s government weakens — including the possibility that Hezbollah, Syria or both were moving arms to Lebanon, believing they would be more secure there than with Syria’s beleaguered military, which faces intense attacks by rebels on major weapons installations.

American officials said Israel hit a convoy before dawn on Wednesday that was ferrying sophisticated SA-17 antiaircraft missiles to Lebanon. The Syrians and their allies said the target was a research facility in the Damascus suburb of Jamraya.

It remained unclear Thursday whether there was one strike or two. Also unclear was the research outpost’s possible role in weapons production or storage for Syria or Hezbollah, the militant Lebanese Shiite organization that has long battled with Israel and plays a leading role in the Lebanese government.

The Jamraya facility, several miles west of Damascus, produces both conventional and chemical weapons, said Maj. Gen. Adnan Salo, a former head of the chemical weapons unit in the Syrian Army who defected and is now in Turkey.

Hezbollah indirectly confirmed its military function in condemning the attack on Arab and Muslim “military and technological capabilities.” That raised the possibility that Israel targeted weapons manufacturing or development, in an attack reminiscent of its 2007 assault on a Syrian nuclear reactor, a strike Israeli never acknowledged.

But military analysts said that the Israeli jets’ flight pattern strongly suggested a moving target, possibly a convoy near the center, and that the Syrian government might have claimed the center was a target to garner sympathy. Hitting a convoy made more sense, they said, particularly if Israel believed that Hezbollah stood to acquire “game-changing” arms, including antiaircraft weapons. Israeli leaders declared days before the strike that any transfer of Syria’s extensive cache of sophisticated conventional or chemical weapons was a “red line” that would prompt action.

Hezbollah — backed by Syria and Iran — wants to upgrade its arsenal in hopes of changing the parameters for any future engagement with the powerful Israeli military, and Israel is determined to stop it. And Hezbollah is perhaps even more anxious to gird itself for future challenges to its primacy in Lebanon, especially if a Sunni-led revolution triumphs next door in Syria.

Anne Barnard reported from Beirut, and Jodi Rudoren from Jerusalem. Reporting was contributed by Irit Pazner Garshowitz from Jerusalem, Ellen Barry from Moscow, Thomas Erdbrink from Tehran, and Alan Cowell from London.

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Ed Koch Dies, Former New York City Mayor Was 88

By Stephen M. Silverman

02/01/2013 at 06:15 AM EST

Former New York City Mayor Ed Koch, whose folksy yet firm style guided the metropolis from 1978 to 1989, died in New York Presbyterian Hospital early Friday morning, his spokesman confirmed to news outlets. He was 88.

Koch, who had a long history of cardiac problems, made repeated visits to the hospital in the past six months. His latest took place this week, forcing him to miss Tuesday night's Museum of Modern Art premiere of a documentary film about his life, Koch, which opens in limited release on Friday.

What Hizzoner, as he was called, was famous for was doing things his own way. Take his 2009 quadruple bypass, following a heart attack and stroke. Afterward, to celebrate the success of the operation, the notorious contrarian took 20 of his physicians and their spouses to dinner at the Brooklyn steakhouse Peter Luger's – famous for its artery-clogging specialities.

"Ed Koch was more than merely the mayor of New York City; he was the embodiment of the shining Big Apple: volatile and voluble, fast with a quip or a put-down, an ebullient practitioner of dukes-up chutzpah who liked to march at the head of every parade," Time magazine reported in 1987, during the Democrat's third term. By then, his administration had lost a lot of the luster it had shown at the beginning of his tenure, when he helped stave off the city's financial crisis.

Yet even after leaving office the colorful Koch remained a formidable political force, and even presidential candidates sought his endorsement.

Edward Irving Koch was born in New York in 1924, the son of Polish-Jewish immigrants. His father, a furrier, went bankrupt in the Depression, and the Koch family eked out a meager living in Newark, N.J., where his parents had the hatcheck concession for an uncle's catering hall. In 1941 they moved to Brooklyn. Koch served in the combat infantry in Europe in World War II, went to New York's City College as an undergraduate, attended New York University Law School and finally, in the mid-'50s, came to Greenwich Village and began his public career.

First elected to City Council in 1967, he went to the U.S. House of Representatives two years later on behalf of New York's 17th Congressional District, and he stayed there until 1973. Running for mayor on a "law and order" platform in 1978, he beat a wide range of candidates, including incumbent Abe Beame.

On issues, Koch pragmatically often swayed between liberal and conservative stances, though his catchphrase "How'm I doin' " was generally met with a positive response – at least initially.

As the '80s progressed, he came under heavy criticism over the city's mounting AIDS crisis. Protestors were particularly peeved that Koch, a lifelong bachelor who unyieldingly refused to discuss his sexuality, seemed to turn a blind eye to the epidemic overwhelmingly affecting the city's gay male population.

In 1982 Koch ran for Democratic governor of New York, only to lose to Mario Cuomo (father of the current governor, Andrew Cuomo). He was also defeated as mayor in 1989 by David Dinkins, who himself was succeeded by Rudolph Giuliani and then Michael Bloomberg.

After being mayor, besides hosting TV's The People's Court from 1997 to '99 and writing books (one of which was adapted into the off Broadway musical Mayor, which ran nearly 250 performances), Koch returned to the practice of law and also penned a newspaper column. For a time he even reviewed movies.

As always, he maintained a strong opinion.

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Hedgehog Alert! Prickly pets can carry salmonella

NEW YORK (AP) — Add those cute little hedgehogs to the list of pets that can make you sick.

In the last year, 20 people were infected by a rare but dangerous form of salmonella bacteria, and one person died in January. The illnesses were linked to contact with hedgehogs kept as pets, according to a report released Thursday by the Centers for Disease Control and Prevention.

Health officials on Thursday say such cases seem to be increasing.

The CDC recommends thoroughly washing your hands after handling hedgehogs and cleaning pet cages and other equipment outside.

Other pets that carry the salmonella bug are frogs, toads, turtles, snakes, lizards, chicks and ducklings.

Seven of the hedgehog illnesses were in Washington state, including the death — an elderly man from Spokane County who died in January. The other cases were in Alabama, Illinois, Indiana, Michigan, Minnesota, Ohio and Oregon.

In years past, only one or two illnesses from this salmonella strain have been reported annually, but the numbers rose to 14 in 2011, 18 last year, and two so far this year.

Children younger than five and the elderly are considered at highest risk for severe illness, CDC officials said.

Hedgehogs are small, insect-eating mammals with a coat of stiff quills. In nature, they sometimes live under hedges and defend themselves by rolling up into a spiky ball.

The critters linked to recent illnesses were purchased from various breeders, many of them licensed by the U.S. Department of Agriculture, CDC officials said. Hedgehogs are native to Western Europe, New Zealand and some other parts of the world, but are bred in the United States.

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Online:

CDC report: http://www.cdc.gov/mmwr

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Euro rises, shares gain as Europe's outlook brightens

LONDON (Reuters) - The euro hit a fresh 14-month high and European stocks gained on Friday after economic data raised hopes that the region's downturn has eased, but moves were limited as investors await a U.S. jobs report.

Euro zone factories had their best month in nearly a year during January although the currency bloc is likely to remain mired in recession for a few more months, the latest reading of Markit's Purchasing Managers' Index (PMI) showed.

"Providing there are no further setbacks to the region's debt crisis, these data add to the expectation that the euro zone is on course to return to growth by mid-2013," said Chris Williamson, chief economist at data compiler Markit.

The euro hit a high of $1.3657 after the data came out, its highest level since November 2011. The common currency also hit a 33-month high against the yen, rising more than 1 percent to 125.96 yen.

The pan-European FTSEurofirst 300 index <.fteu3> extended its recent gains by 0.4 percent to 1,169.14 points, near a 23-month high after solid rally since the start of the year. London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> were up between 0.5 and 0.8 percent.

Earlier, China's official PMI for January eased to 50.4, missing market expectations for a rise and underscoring the fragility of the recovery from the economy's weakest year since 1999.

However, a separate private survey showed that growth in China's giant manufacturing sector hit a two-year high in January as domestic demand strengthened, underlining hopes the nation's economic recovery is slowly gaining momentum.

The Chinese data left MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> little changed

EURO STRENGTH

The euro has risen significantly in recent weeks as the outlook for the 17-nation currency bloc has improved, and also as investors respond to the sharply easier monetary policies of the U.S. Federal Reserve and Bank of Japan.

"The perception is that the ECB is being less supportive and is not providing as much liquidity as the other central banks are," said Andrew Milligan, head of Global Strategy at Standard Life Investments.

At the same time liquidity in the European money markets is being affected by quicker-than-expected repayments of crisis loans handed out by the ECB at the height of the bloc's crisis just over a year ago.

Banks have another two years to pay back the money if they want, but have taken the opportunity this week to return over a quarter of the 489 billion euros ($663.77 billion) they took in the first of the ECB's two "LTRO" handouts.

From now on they can pay back as little or as much of the remaining money as they want each week. After the fast start, analysts are awaiting Friday's details of next week's repayments for clues on whether the pace is likely to continue.

Money market rates have already risen by a quarter of a percentage point since the start the year - the equivalent of a standard ECB interest rate increase - and are likely climb by at least the same amount again if the money continues to drain rapidly from the system.

For Europe's struggling countries and the ECB this is not an ideal situation, effectively tightening monetary policy and creating unwanted stress just as economies are showing fragile signs of improvement.

JOBS EYED

Friday's U.S. nonfarm payrolls data due at 8:30 a.m. ET could be a another factor to drive the euro higher, as a strong report would knock the safe-haven dollar.

The dollar was trading at a 3-1/2 month low against a basket of currencies <.dxy> on Friday after falling 0.3 percent to 78.97 points.

Employers are expected to have added 160,000 new jobs to their payrolls in January, a marginal step up from December's 155,000 gain, according to a Reuters survey of economists. The unemployment rate is seen holding steady at 7.8 percent.

The U.S. economy unexpectedly contracted in the fourth quarter, its weakest performance since emerging from recession in 2009, and it grew just 2.2 percent in the whole of 2012.

The U.S. ISM factory survey, a national report on the state of American manufacturers, is also due at 10 a.m. ET.

(Additional reporting by Marc Jones,; editing by Philippa Fletcher)

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Nintendo chief rules out price cuts for Wii U

TOKYO (AP) — Nintendo‘s president Thursday ruled out price cuts for its new Wii U home console as a way to boost sales, vowing to become profitable again in its core businesses as smartphones and tablets increasingly threaten specialized game machines.

Satoru Iwata, speaking at a Tokyo hotel to investors and reporters a day after earnings were released, acknowledged the sales momentum for the Wii U, as well as the 3DS hand-held game machine, had run out of steam during the key year-end shopping season, especially in the U.S.

But he said no price cuts were in the works. Price cuts are common in the gaming industry to woo buyers, but the move can backfire by trimming revenue. The Wii U now sells for about $ 300 in the U.S. and 25,000 yen in Japan.

“We are already offering it at a good price,” he said.

Iwata said he expects operating profit of more than 100 billion yen in the 12 months ending March 2014, promising that as “a commitment.”

But he acknowledged more work was needed to have consumers understand the Wii U, which went on sale globally late last year, as well as producing more game software to draw buyers.

All game machines have suffered in recent years from the advent of smartphones and other mobile devices that have become more sophisticated and offer games and other forms of entertainment.

Nintendo returned to net profit for the April-December period of 2012 from deep losses the previous year, but that was due to a perk from a weaker yen, which helps Japanese exporters such as Nintendo.

Its operating result, which removes currency fluctuations, was a loss of 5.86 billion yen ($ 64 million), and Nintendo expects that to swell to a 20 billion yen ($ 220 million) loss for the full business year ending March 2013 as sales of its game consoles fall short of expectations.

Iwata said Nintendo is preparing more game software, including those developed in-house, for the end of this year.

Kyoto-based Nintendo, which makes Super Mario and Pokemon games, lowered its full year sales forecast Wednesday to 670 billion yen ($ 7.4 billion) from 810 billion yen ($ 8.9 billion). It also said it was going to sell fewer Wii U consoles for the fiscal year through March than its previous projection. The Wii U has a touch-screen tablet controller called GamePad and a TV-watching feature called TVii.

The company forecasts it will sell 4 million Wii U consoles for the current fiscal year, ending March 31, down from its earlier estimate of 5.5 million units. The Wii U, which went on sale late last year, was the first major new game console to arrive in stores in years.

Nintendo, also behind the Donkey Kong and Zelda games, lowered its full year sales forecast for Wii U game software units to 16 million from 24 million.

Iwata said last year holiday sales quickly dissipated in the U.S. and some European nations, including Great Britain, the key market. He said the U.S. home console sales were the worst for Nintendo in nearly a decade.

He said Nintendo needs hit games to push console sales, and the company remains confident Wii U will prove more popular with time.

“The chicken-and-game problem has not been solved,” he said of the need for both game software and machine hardware.

“I feel a deep sense of responsibility for not being able to produce results for our year-end business,” said Iwata.

He declined to say what he would do if the company failed to attain the promised operating profits.

Nintendo sank into a loss the previous fiscal year largely because of price cuts for its hand-held 3DS game machine, which shows three-dimensional imagery without special glasses. That machine is also struggling in most global markets.

Shigeru Miyamoto, Nintendo’s famed game designer, said what was missing were games for the Wii U that made its appeal clear. The progress in smartphones has also posed a challenge for Nintendo, he said.

“People have to try it to see it is fun,” Miyamoto said of Wii U.

___

Follow Yuri Kageyama on Twitter at www.twitter.com/yurikageyama

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Chinese Court Issues Severe Sentences in Tibetan Self-Immolations

BEIJING – A court in southwest China gave severe prison sentences to two Tibetans who court officials said were guilty of urging eight people to self-immolate, three of whom had died, according to a report on Thursday by Xinhua, the state news agency.

One Tibetan, Lorang Konchok, 40, was sentenced to death with a two-year reprieve, which often means the convict will eventually get a lifetime prison sentence. His nephew, Lorang Tsering, 31, was sentenced to 10 years in prison. The Xinhua report said the older Tibetan was also being stripped of his “political rights” for life, while the other man would have his stripped for three years.

The sentencing took place in Aba Prefecture of Sichuan Province, an area at the heart of the recent wave of self-immolations by Tibetans. Nearly 100 Tibetans have set themselves on fire since 2009 to protest Chinese rule in Tibetan regions, which lie in western China but which many Tibetans say should be granted independence or true autonomy.

At least 81 died following their acts, according to International Campaign for Tibet, an advocacy group based in London. Few other nations have been confronted by such a large wave of self-immolations as political protest.

Chinese officials have sentenced Tibetans before to prison sentences for what courts have said were their roles in promoting self-immolations, but the most recent sentences were among the harshest. There now appears to be a concentrated effort to rein in the self-immolations, which gathered pace in late 2012, by criminalizing both the act itself and making it a crime to help or encourage people to commit it.

On Dec. 3, a newspaper in a Tibetan area of Gansu Province published an editorial that said China’s supreme court, prosecution agency and Ministry of Public Security had issued “guidelines” that said “the act of self-immolation by Tibetans is a crime.” The guidelines said that assisting or encouraging self-immolations was considered intentional homicide, and that those who committed self-immolation were also criminals and punishable by law if they “have caused severe damage,” according to the newspaper.

The Xinhua report on Thursay said the two monks “incited and coerced” eight people to self-immolate; three committed the act and died last year, and the others “willfully” abandoned their plans after the police “intervened.”

The Chinese government has blamed the Dalai Lama, the exiled spiritual leader of the Tibetans, for encouraging the self-immolations, even though the Dalai Lama has not made any explicit statements in support of the acts. Tibetans have said in interviews that the self-immolations are genuine self-expressions of political anger and frustration at Chinese oppression and are not the result of plots hatched by senior monks or other Tibetan leaders.

The two monks sentenced in Aba, which Tibetans called Ngaba, were detained in August 2012, according to a report last December by Xinhua. Both monks are from Kirti Monastery, which was a site central to the earliest self-immolations.

That Xinhua report said Lorang Konchock became involved in promoting self-immolations after being contacted by a “Tibetan independence organization” tied to the Dalai Lama. Xinhua said the contact took place after February 2009, when a young monk from Kirti named Tapey set fire to himself outside the monastery. Tapey did not die, but the second Tibetan to commit the act, Phuntsog, also from Kirti, killed himself in March 2011.

After Phuntsog’s death, a court sentenced three monks to long prison sentences, in what were the first legal punishments handed out in relation to the self-immolations. Two monks were found guilty of involvement in Phuntsog’s self-immolation and one, an uncle of Phuntsog’s, was found guilty of refusing to turn his body over to the police at the time.

The Tibetans who have self-immolated have come from a variety of backgrounds. They have included men and women, young and old, clergy and laypeople. So far this year, at least three Tibetans have self-immolated, all men. The second one, Tsering, who killed himself in Ngaba Prefecture on Jan. 18, was survived by a wife and two children.

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Zooey Deschanel's Night Out with Roasted Octopus in West Hollywood

Caught in the Act

01/31/2013 at 06:00 AM EST

Zooey Deschanel

Donato Sardella/WireImage

From New Girl to cover girl!

On Monday night, friends and guests of Zooey Deschanel celebrated the actress's Glamour cover at the new eatery RivaBella in West Hollywood.

In the restaurant's "wine cave" private dining room, guests enjoyed signature Bella Bellinis made with Belvedere vodka, housemade peach puree, peach bitters and Mionetto Prosecco.

Hosted by Cindi Leive, the magazine's editor-in-chief, the soiree featured dishes like roasted octopus salad with potatoes, Taggiasche olives and salsa verde, and beef tenderloin tagliata with arugula.

Deschanel's New Girl costars Hannah Simone and Lamorne Morris were also in attendance.

– Jennifer Garcia

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