Dish faces challenges ramping up its LTE network



Dish was recently given a thumbs up by the FCC to build its own LTE network, but the company is up against some stiff obstacles along the way.


Last week, the Federal Communications Commission granted Dish's request to allow it to use 40 MHz of spectrum in the 2 GHz band to create a 4G LTE network. At the time, the FCC indicated that some restrictions would apply, though it didn't reveal the specifics...until now.


The satellite TV provider must finish 40 percent of its LTE network within the next four years, and 70 percent within seven years, as detailed by blog site Electronista.


Further, if the 40 percent goal isn't reached by the due date, the 70 percent deadline will be trimmed to six years. And if Dish can't meet the 70 percent timeframe, it won't be allowed to offer its broadband services in any areas not already covered.



Dish will also have to adhere to certain power limits to avoid interference on the AWS-4 spectrum that it will use for its high-speed network. Specifically, the company must run the 2000-2005 MHz portion of the spectrum at reduced power.


A limit in power usage is a restriction that concerned Dish last month before it even received official FCC approval.


The deadline restrictions also worry some who were against the deal, according to Electronista. Certain opponents feel Dish will choose the most populated markets to ramp up its network and leave less developed areas by the wayside.


The full FCC document on Dish's restrictions is available online through Scribd.


Read More..

John Kerry tapped to be next Secretary of State

President Obama is nominating Sen. John Kerry, D-Mass., to replace Hillary Clinton as Secretary of State, CBS News has learned. An official announcement is forthcoming later today.

Kerry, the 2004 Democratic presidential nominee, has widely been seen as the frontrunner for the position since U.N. ambassador Susan Rice withdrew her name from consideration. Rice came under heavy fire from Republican senators for putting forth a flawed explanation of the events in the Sept. 11 consulate attack in Benghazi, Libya in the days after the attack.

Kerry is expected to be confirmed with relative ease in the Senate. The 69-year-old senator is chairman of the Senate Foreign Relations Committee and is widely respected in Democratic foreign policy circles. Clinton plans to leave her post in January.

Massachusetts Gov. Deval Patrick will now appoint someone to serve in Kerry's seat until a special election is held between 145 and 160 days of Kerry leaving the Senate. Soon-to-be-former Sen. Scott Brown, R-Mass., who lost his seat in November, could run on the Republican side. Democrats being discussed include Ted Kennedy Jr., Reps. Ed Markey, Michael Capuano, Steve Lynch, and even actor Ben Affleck.

CBS News' Major Garrett and Caroline Horn contributed to this report.

Read More..

Schools Threatened Nationwide After Sandy Hook













Schools across the country, already on edge following last week's massacre of 20 students and six adults at a Newtown, Conn., elementary school have been further unnerved following a series of copycat threats, sometimes yielding arrests and caches of deadly weapons.


From California to Connecticut, police in the past five days have arrested more than a dozen individuals in Indiana, South Carolina, Maryland and elsewhere who were plotting or threatening to attack schools.


"After high-profile incidents like the shootings at Columbine and Sandy Hook, threats go off the wall. Some of those threats turn out to be unfounded, but sometimes those incidents propel people planning legitimate threats," Ken Trump, a national school safety consultant, told ABCNews.com.


CLICK HERE FOR AN INTERACTIVE MAP AND TIMELINE OF THE SANDY HOOK SHOOTING.


Many of these incidents turned out to be little more than young people acting out or seeking attention, but in some cases police found significant stockpiles of firearms and ammunition.


Just a few hours after the world learned what happened inside the halls at the Sandy Hook elementary school, police arrested a 60-year-old Indiana man who had allegedly threatened to "kill as many people as he could before police stopped him," according to the police report, at an elementary school in Cedar Lake, Ind.






Brendan Smialowski/AFP/Getty Images











Indiana School Shooting Threat: Parents Not Notified Watch Video









Tennessee Teen Arrested Over School Shooting Threat Watch Video









Maryland Student Hospitalized for Alleged Threat Watch Video





When Von Meyer was arrested, just 1,000 feet from Jane Ball Elementary School, police confiscated from his home $100,000 worth of guns and ammunition including 47 weapons.


The school was placed on lockdown.


Meyer's case was taken by the Lake County public defender's office, but an attorney has not yet been assigned. He has been charged with seven crimes, including felonious intimidation, and an automatic "not guilty" plea was made on his behalf at a hearing on Tuesday.


Many of the suspects arrested in the wake of the Connecticut shooting were themselves school students – teenagers or young adults.


On Wednesday, in Laurel, Md., an unidentified student at Laurel High School was taken to the hospital and placed under psychiatric evaluation after school security officials found maps of the school and lists of students they believed he planned to kill.


Authorities called the evidence a "credible threat." The student, however, was not arrested or charged with a crime.


In Columbia, Tenn., police arrested Shawn Lenz, 19, who on Saturday posted to Facebook that he felt like "goin on a rampage, kinda like the school shooting were that one guy killed some teachers and a bunch of students."


He later told police that "it was stupid" to have written what he did. Lenz was arraigned Tuesday on terrorism and harassment charges and was appointed a public defender. He did not enter a plea.


A Tampa, Fla., school was put on lockdown two days in a row, Tuesday and Wednesday, after students found bullets on a school bus. Police there have made no arrests.


Despite the rash of recent threats, anecdotal data compiled by Trump's National School Safety and Security Services and analyzed by Scripps Howard found that there were approximately 120 known but thwarted plots against schools between 2000 and 2010. The list is not comprehensive and many incidents likely went unreported.


Fifty-five of those known threats -- all thwarted -- involved guns and 22 of them involved explosive devices, according to the Scripps Howard report.


"We're getting better at preventing these situations," Trump told ABC News.com.


But in that same time there were about 50 lethal school shootings, including the killing of 32 people at Virginia Tech.


"While shootings statistically may be rare, they impact a community and these kids forever," said Trump.



Read More..

Syrian rebels fight for strategic town in Hama province


BEIRUT (Reuters) - Rebels thrust into a strategic town in Syria's central Hama province on Thursday, activists said, pursuing a string of territorial gains to help cut army supply lines and cement a foothold in the capital Damascus to the south.


They have made a series of advances across the country, seizing several military installations and more heavy weaponry, hardening the threat to President Bashar al-Assad's power base in Damascus 21 months into an uprising against his rule.


Rebels said a day earlier they had captured at least six towns in Hama province. On Thursday heavy fighting erupted in Morek, a town on the highway that runs from Damascus north to Aleppo, Syria's largest city and another battleground.


The opposition-linked Syrian Observatory for Human Rights said rebels were trying to take checkpoints in Morek, one of which they had already seized, and described the town as a critical position for the Syrian army.


"The town of Morek lies on the Damascus-Aleppo road ... it has eight checkpoints and two security and military headquarters. If the rebels were able to control the town they would completely sever the supply lines between Hama and Damascus to Idlib province," the group said in an email.


Idlib is in the rebel-dominated north bordering on Turkey.


The British-based Observatory has a network of activists across the country. Activist reports are difficult to verify, as the government restricts media access into Syria.


Fighting in Hama could aggravate Syria's sectarian strife as it is home to many rural minority communities of Alawites and Christians. Minorities, and particularly the Alawite sect to which Assad himself belongs, have largely backed the president. Syria's Sunni Muslim majority has been the engine of the revolt.


"Rebels are trying to take Mohardeh and al-Suqaylabiya, which are strongholds of the regime and are strategic. The residents are Christian and the neighboring towns are Alawite. The rebels worry security forces may be arming people there," said activist Safi al-Hamawi, speaking on Skype.


He said the opposition feared skirmishes that had previously been largely Sunni-Alawite could spread into a broader sectarian conflict.


"I think it is still unlikely, because the residents have tried to maintain neutrality, but if the battle became a sectarian clash, it could be a catastrophe. Christians and Muslims could suddenly find themselves enemies."


U.N. human rights investigators said on Thursday that Syria's conflict was becoming more "overtly sectarian", with more civilians seeking to arm themselves and foreign fighters - mostly Sunnis - flocking in from 29 countries.


"They come from all over, Europe and America, and especially the neighboring countries," said Karen Abuzayd, one of U.N. investigators, told a news conference in Brussels.


The deepened sectarian divisions may diminish prospects for post-conflict reconciliation even if Assad is ousted, and the influx of foreigners raises the risk of fighting spilling into neighboring countries riven by similar communal fault lines.


President Vladimir Putin of Russia, Assad's main ally and arms supplier, warned that any solution to the conflict must ensure government and rebel forces do not merely swap roles and fight on forever. It appeared to be his first direct comment on the possibility of a post-Assad Syria.


The West and some Arab states accuse Russia of shielding Assad after Moscow blocked three U.N. Security Council resolutions intended to increase pressure on Damascus to end the violence, which has killed more than 40,000 people. Putin said the Syrian people would ultimately decide their own fate.


FIGHTS FOR DAMASCUS CAMP


Assad's forces have been hitting back at rebel advances with bouts of heavy shelling, particularly along the eastern ring of suburbs outside Damascus, where rebels are dominant.


A Syrian security source said the army was planning heavy offensives in northern and central Syria to stem rebel advances, but there was no clear sign of such operations yet.


Rebels seized the Palestinian refugee district of Yarmouk earlier this week, which put them within 3 km (2 miles) of downtown Damascus. Heavy shelling and fighting forced thousands of Palestinian and Syrian residents to flee the Yarmouk area.


But rebels said on Thursday they were negotiating to put the camp - actually a densely packed urban district - back into the hands of pro-opposition Palestinian fighters. There are some 500,000 Palestinian refugees and their descendants living in Syria, and they have been divided by the uprising.


Palestinian factions, some backed by the government and others by the rebels, had begun fighting last week, a development that allowed Syrian insurgents to take the camp.


Despite warnings of continued violence, a video released by activists on Thursday showed dozens of people returning to Yarmouk. Most of the people in the footage were men, suggesting entire families may not be venturing back yet.


"There are still negotiations going on between the Palestinians and the rebels. The rebels want control of the checkpoints to be sure they can keep supply routes open to central Damascus," said a rebel who asked not to be named.


"Palestinians want their fighters to run the checkpoints so the army will stop attacking and people can go home. But we are worried there are government collaborators among them."


The fighter said rebels were looking to ensure their Palestinian allies could keep open access for rebels in Yarmouk, which they have described as a gateway to central Damascus.


LEBANON BORDER POST TAKEN


Elsewhere, Syrian insurgents took over an isolated border post on the western frontier with Lebanon earlier this week, local residents told Reuters on Thursday.


They said around 20 rebels from the Qadissiyah Brigade overran the post at Rankus, which is linked by road to the remote Lebanese village of Tufail.


Video footage downloaded on the Internet on Thursday, dated December 16, showed a handful of fighters dressed in khaki fatigues and wielding rifles as they kicked down a stone barricade around a small, single-storey army checkpoint.


"This is the end of you, Bashar you dog," one of the fighters said. The remains of two army trucks, which the rebels said had been blown up, stood nearby on a single track dirt road crossing a flat brown plain between snow-capped mountains.


The rebels already hold much of the terrain along Syria's northern and eastern borders with Turkey and Iraq respectively.


Syrian Interior Minister Ibrahim al-Shaar arrived in Lebanon on Wednesday for treatment of wounds sustained in a bomb attack on his ministry in Damascus a week ago.


Lebanese medical sources said Shaar had shrapnel wounds in his shoulder, stomach and legs but they were not critical.


The Syrian opposition has tried to peel off defectors not only from the army but from the government as well, though only a handful of high-ranking officials have abandoned Assad.


But the conflict has divided many Syrian families. Security forces arrested on Thursday an opposition activist who is also the relative of Vice President Farouq al-Sharaa, the Syrian Observatory said. The man was arrested along with five other activists who are considered pacifists, it said.


Sharaa, a Sunni Muslim who has few powers in Assad's Alawite-dominated power structure, said earlier this week that neither side could win the war in Syria. He called for the formation of a national unity government to solve a crisis that has killed more than 40,000 Syrians.


(Reporting by Erika Solomon; Editing by Mark Heinrich)



Read More..

'Erin Brockovich' toxin found at Japan plant






TOKYO: The toxic chemical made infamous by campaigning single mother Erin Brockovich has been found at up to 15,800 times safety limits in groundwater at a Japanese iron plant, the factory's operator said Thursday.

Excessive amounts of hexavalent chromium were discovered at Nippon Denko's plant in Tokushima in the country's west as it prepared to halt production of chromium salts at the sixties-era factory, the firm said.

Also known as chromium-6, cancer-causing hexavalent chromium was at the centre of the 2000 US film "Erin Brockovich", which starred Julia Roberts as a real life legal assistant who leads a battle against a California power company accused of polluting a city's water supply.

At the Japanese plant, the chemical was found at up to 400 times safety limits in soil and up to 15,800 times allowable levels in groundwater, Nippon Denko said, but added that "no hazards to human health or the outside environment" were reported.

"We voluntarily surveyed the soil and groundwater at the plant between June and August before the closure," a company spokesman said, adding that two dozen locations on the site were tested.

"At the moment, we're assuming the contamination is limited to the plant's compound and that no adverse effects have been caused to surrounding areas," a local government statement said.

The authority said its own survey had found no traces of the chemical in water surrounding the plant, which sits on landfill, or in wells on the fringes of the facility.

The company said it was planning to enclose contaminated areas with 11 metre containment walls to prevent seepage of the tainted groundwater.

- AFP/fa



Read More..

Start-Ups: Silicon Valley Ep. 8 -- the grand delusion



Sarah. Who is working. On herself.



(Credit:
BravoTV Screenshot by Chris Matyszczyk/CNET)


Last night saw some history in "Start-Ups: Silicon Valley."


Yes, given its rather tawdry ratings -- 20 percent of those of "Real Housewives," so rumor has it -- this could be the last episode ever. So the excitement was more palpable than that for the discovery of the tomb of a hitherto unknown ancient Egyptian king.


We began with grunting. Yes, Sarah (blonde lifecaster, recently recovering from not having breast cancer) and David (gay, vaguely sane) are working out.


Sarah has found a wonderful sponsor for the launch party of David's app. It's called Goal Sponsors. The app is about health. The only sponsor Sarah can find is a vodka company.


Which, like other small elements of this show, doesn't quite work.


Ben (short, pretty, pretty high-pitched voice) still doesn't have the money he was promised by investors. Ben is a "technologist" but doesn't code. He needs coder money. The money hasn't arrived.


His sister and occasional partner Hermione (blonde, loud, fond of dildos) is late for the meeting with the coder.


Ben and Hermione beg their investors. The investors are silver-tongued. And, wait, Hermione is off to South America. Ben tells her she "doesn't have the productivity to back it up."


"It" being, well, working. Ben admits he wants to slap her. "Ben is acting like a dick," she declares.


Yes, this is what happens at top-flight startups. Nothing different than what happens at high school.



Kimmy is still dull
Meanwhile, Kim (brunette, nasal, dull) is still taking herself more seriously than anyone else should. Her startup is something to do with fashion. Because that's what the fashion market really needs. Another Web site.


Her method is simply to go around talking to other people and getting ideas. Indeed, she isn't shown doing anything else -- other than talking to Dwight (hairy, actually codes).


"I'm confused," she says. Viewers might, by this stage, have been just bored. Kimmy's musings are about as fascinating as the soot after Santa's visit down the chimney.


David is preparing for his party. He is desperate for beta users. Otherwise his product won't work. However, few people have come to his party so far. His app is, like AA, all about people helping people.


But if there aren't any people, then there'll be no people who can help people.



Where are the lesbians?
Stunningly, he has invited Ben and Hermione to have a booth at his event. Sarah -- who dislikes Hermione like she dislikes smudged makeup -- is appalled. She, after all, is working for free.


Hermione makes a presentation about her startup -- called Ignite -- and offers treats to winners of challenges.


The first prize is champagne. The consolation prize is a date with her.


Sarah decides to intervene and demand that lesbians should come forward to partake of the consolation prize challenge. David pulls her away, before she makes a fool of herself. Well, slightly after.


Yes, it is all cringeworthy watching. Thank you for asking.


Sarah is frustrated that Ben, Hermione and David are all chummy.


Hermione is frustrated that she is in meetings trying to raise Series A funding. She could be "masturbating."


No, Hermione doesn't once think about the viewers and what they could be doing. Why would she? She's Hermione.



The grand delusion
Sarah demands a business meeting with David. She whines that she didn't have a booth at the party. She then whines that David "physically assaulted" her at the event.


"You laid your hands on me," she continues. "The definition of assault is a sudden physical attack," she explains.


"You are a child," replies David.



More Technically Incorrect



She is clearly delusional. "You are delusional," says David.


Oh, dear. A friendship is destroyed in one sad business meeting. Which, naturally, takes place in some restaurant.


"Will you please leave?" demands Sarah. There are no loyalties in business, she wisely explains. Sarah is very loyal. To herself and her delusions.


Hermione explains to Ben that, now they have their $500,000, she's off to South America on another project for a mere month.


You see, these people are involved in so many different projects and companies. How did they ever have the time to shoot a reality show?


Meanwhile Kimmy and Dwight have a meeting. Yes, in a restaurant.


Kimmy's heard. Because all Kimmy does is talk to people. Dwight has sold his Carsabi to Facebook. Kimmy's bottom lip emerges. She is envious.


"He won. Most people lose," is her inner thought, outwardly expressed.


And so this show winds to an end. Many in Silicon Valley feared it would embarrass the Valley.


It didn't. It merely showed that most of these pretty people are pretty frighteningly self-regarding, frighteningly uninteresting and frighteningly smug. Which was what many had expected.


Hermione has now returned from South America. Her absence made no difference. Ben regrets he gave her 50 percent of the company. She was only worth 20.


Sarah feels she needs to work on herself.


Dwight now works for Facebook.


Meanwhile, Kimmy is not working on not being dull.


Read More..

New York Stock Exchange to be sold

NEW YORK The New York Stock Exchange (NYX) is being sold to a rival exchange for about $8 billion, ending more than two centuries of independence for the iconic Big Board.

The buyer, IntercontinentalExchange Inc. (ICE), an upstart exchange based in Atlanta, made clear Thursday that little would change for the iconic trading floor in Manhattan's financial district if regulators approve the deal.

There will be dual headquarters in New York and Atlanta and ICE will open an office in Manhattan. NYSE CEO Duncan Niederauer will become president of the combined company and CEO of NYSE Group.

ICE said that the tie-up will create a top exchange operator covering a diverse lineup of markets and boosting efficiency.

"We believe the combined company will be better positioned to compete and serve customers across a broad range of asset classes by uniting our global brands, expertise and infrastructure," said IntercontinentalExchange Chairman and CEO Jeffrey Sprecher. "With a track record of growth and returns, clearing and M&A integration, we are well positioned to transform our combined companies into a premier global exchange operator that remains a leader in market evolution."

Sprecher will keep his positions. Four members of the NYSE board will be added to IntercontinentalExchange's board, expanding it to 15 members.

NYSE Euronext Inc. shareholders can chose to receive either $33.12 in cash, .2581 IntercontinentalExchange Inc. shares, or a combination of $11.27 in cash plus .1703 shares of stock.

IntercontinentalExchange plans to fund the cash portion of the acquisition with a combination of cash and existing debt. It added that the addition of NYSE will help it cut costs and should boost its earnings by more than 15 percent in the first year after the deal closes.

The deal has been approved by the boards of both companies, but still needs the approvals by regulators and the shareholders of both companies. It's expected to close in the second half of next year.

Exchanges have repeatedly attempted to merge recently as competition intensifies and commissions decline.

Last year, IntercontinentalExchange and Nasdaq OMX Group Inc. made a failed $11 billion bid to buy NYSE Euronext.

Earlier this year, European regulators blocked Deutsche Boerse AG from buying NYSE Euronext.

Shares of NYSE jumped 40 percent in premarket trading to $33.75 and are headed for a new high for the year. Shares if ICE rose 5 percent, to $134.98.

Shares of both companies had been halted in premarket trading earlier Thursday.

Read More..

Inside One School's Extraordinary Security Measures


While schools across America reassess their security measures in the wake of the tragic shooting at Sandy Hook Elementary School in Newtown, Conn., one school outside of Chicago takes safety to a whole new level.


The security measures at Middleton Elementary School start the moment you set foot on campus, with a camera-equipped doorbell. When you ring the doorbell, school employees inside are immediately able to see you, both through a window and on a security camera.


“They can assess your demeanor,” Kate Donegan, the superintendent of Skokie School District 73 ½, said in an interview with ABC News.


Once the employees let you through the first set of doors, you are only able to go as far as a vestibule. There you hand over your ID so the school can run a quick background check using a visitor management system devised by Raptor Technologies. According to the company’s CEO, Jim Vesterman, only 8,000 schools in the country are using that system, while more than 100,000 continue to use the old-fashioned pen-and-paper system, which do not do as much to drive away unwanted intruders.


“Each element that you add is a deterrent,” Vesterman said.


In the wake of the Newtown shooting, Vesterman told ABC News his company has been “flooded” with calls to put in place the new system. Back at Middleton, if you pass the background check, you are given a new photo ID — attached to a bright orange lanyard — to wear the entire time you are inside the school. Even parents who come to the school on a daily basis still have to wear the lanyard.


“The rules apply to everyone,” Donegan said.


The security measures don’t end there. Once you don your lanyard and pass through a second set of locked doors, you enter the school’s main hallway, while security cameras continue to feed live video back into the front office.


It all comes at a cost. Donegan’s school district — with the help of security consultant Paul Timm of RETA Security — has spent more than $175,000 on the system in the last two years. For a district of only three schools and 1100 students, that is a lot of money, but it is all worth it, she said.


“I don’t know that there’s too big a pricetag to put on kids being as safe as they can be,” Donegan said.


“So often we hear we can’t afford it, but what we can’t afford is another terrible incident,” Timm said.


Classroom doors open inward — not outward — and lock from the inside, providing teachers and students security if an intruder is in the hallway. Some employees carry digital two-way radios, enabling them to communicate at all times with the push of a button. Administrators such as Donegan are able to watch the school’s security video on their mobile devices. Barricades line the edge of the school’s parking lot, keeping cars from pulling up close to the entrance.


Teachers say all the security makes them feel safe inside the school.


“I think the most important thing is just keeping the kids safe,” fourth-grade teacher Dara Sacher said.


Parents like Charlene Abraham, whose son Matthew attends Middleton, say they feel better about dropping off their kids knowing the school has such substantial security measures in place.


“We’re sending our kids to school to learn, not to worry about whether they’re going to come home or not,” she said.


In the wake of the horrific shooting at Sandy Hook last Friday, Donegan’s district is now even looking into installing bullet-resistant glass for the school building. While Middleton’s security measures continue to put administrators, teachers, parents and students at ease, Sacher said she thinks that more extreme measures — such as arming teachers, an idea pushed by Oregon state Rep. Dennis Richardson — are a step too far.


“I wouldn’t feel comfortable being armed,” Sacher said. “Even if you trained people, I think it’d be better to keep the guns out of school rather than arm teachers.”

Read More..

Park wins South Korea presidency, to be first woman leader


SEOUL (Reuters) - The daughter of a former military ruler won South Korea's presidential election on Wednesday and will become the country's first female leader, saying she would work to heal a divided society.


The 60-year old conservative, Park Geun-hye, will return to the presidential palace in Seoul where she served as her father's first lady in the 1970s, after her mother was assassinated by a North Korean-backed gunman.


With more than 88 percent of the votes counted, Park led with 51.6 percent to 48 percent for her left-wing challenger, human rights lawyer Moon Jae-in, giving her an unassailable lead that forced Moon to concede.


Her raucous, jubilant supporters braved sub-zero temperatures to chant her name and wave South Korean flags outside her house. When she reached her party headquarters, Park was greeted with shouts of "president".


An elated Park reached into the crowd to grasp hands of supporters wearing red scarves, her party's color.


"This is a victory brought by the people's hope for overcoming crisis and for economic recovery," she told supporters at a rally in central Seoul.


Park will take office for a mandatory single, five-year term in February and will face an immediate challenge from a hostile North Korea and have to deal with an economy in which annual growth rates have fallen to about 2 percent from an average of 5.5 percent in its decades of hyper-charged growth.


She is unmarried and has no children, saying that her life will be devoted to her country.


The legacy of her father, Park Chung-hee, who ruled for 18 years and transformed the country from the ruins of the 1950-53 Korean War into an industrial power-house, still divides Koreans.


For many conservatives, he is South Korea's greatest president and the election of his daughter would vindicate his rule. His opponents dub him a "dictator" who trampled on human rights and stifled dissent.


"I trust her. She will save our country," said Park Hye-sook, 67, who voted in an affluent Seoul district, earlier in the day.


"Her father ... rescued the country," said the housewife and grandmother, who is no relation to the candidate.


For younger people, the main concern is the economy and the creation of well-paid jobs in a country where income inequalities have grown in recent years.


"Now a McDonald's hamburger is over 5,000 Korean won ($4.66) so you can't buy a McDonald's burger with your hourly pay. Life is hard already for our two-member family but if there were kids, it would be much tougher," said Cho Hae-ran, 41, who is married and works at a trading company.


Park has spent 15 years in politics as a leading legislator in the ruling Saenuri party, although her policies are sketchy.


She has a "Happiness Promotion Committee" and her campaign was launched as a "National Happiness Campaign", a slogan she has since changed to "A Prepared Woman President".


She has cited former British Prime Minister Margaret Thatcher, a tough proponent of free markets, as her role model as well as Angela Merkel, the conservative German chancellor who is Europe's most powerful leader.


NEGOTIATE WITH NORTH


One of those who voted on Wednesday was Shin Dong-hyuk, a defector from North Korea who is the only person known to have escaped from a slave labor camp there.


He Tweeted that he was voting "for the first time in my life", although he didn't say for whom.


Park has said she would negotiate with Kim Jong-un, the youthful leader of North Korea who recently celebrated a year in office, but wants the South's isolated and impoverished neighbor to give up its nuclear weapons program as a precondition for aid, something Pyongyang has refused to do.


The two Koreas remain technically at war after an armistice ended their conflict. Kim Il Sung, the grandfather of the North's current leader, ordered several assassination attempts on Park's father, one of which resulted in her mother being shot to death in 1974.


Park herself met Kim Jong-un's father, the late leader Kim Jong-il, and declared he was "comfortable to talk to" and he seemed to be someone "who would keep his word".


The North successfully launched a long-range rocket last week in what critics said was a test of technology for an intercontinental ballistic missile and has recently stepped up its attacks on Park, describing her as holding a "grudge" and seeking "confrontation", code for war.


Park remains a firm supporter of a trade pact with the United States that and looks set to continue the free-market policies of her predecessor, although she has said she would seek to spread wealth more evenly.


The biggest of all the chaebol, Samsung Group, which produces the world's top selling smartphone as well as televisions, computer chips and ships, has sales equivalent to about a fifth of South Korea's national output.


(Additional reporting by Jumin Park, Seongbin Kang, Narae Kim, SoMang Yang; Writing by David Chance; Editing by Robert Birsel)



Read More..

Bank of England votes 8-1 to maintain stimulus






LONDON: Bank of England policymakers voted 8-1 to maintain their quantitative easing stimulus programme at their December meeting, repeating the voting pattern from the previous month, minutes showed on Wednesday.

The BoE's nine-member monetary policy committee (MPC) had voted earlier this month to keep the QE stimulus amount at 375 billion pounds ($611 billion, 460 billion euros).

Polcymakers were also unanimous in keeping the bank's key interest rate at 0.50 percent, according the minutes from the December 5-6 gathering. British borrowing costs have stood at this record low level since March 2009.

Lone policymaker David Miles voted again this month for an extra £25 billion for the asset purchasing programme in order to lift economic growth, repeating his call from November.

Under quantitative easing, the Bank of England creates cash that is used to purchase assets such as government and corporate bonds with the aim of boosting lending and in turn economic activity.

- AFP/de



Read More..