Monday, February 18, 2013

Obama Gets Golf Lessons From Woods' Old Coach

PALM CITY, Fla. - President Obama is spending his President's Day weekend in this upscale coastal community for a golf getaway with friends. But he isn't spending his three days in the Sunshine State idly teeing off: The president received golf lessons today from the former coach of none other than Tiger Woods himself: Butch Harmon.

A veteran of the PGA Tour, Harmon is renowned today for his series of "Ultimate Golf" training videos. He flew to the area with his son, Claude III, to give the president personal tips.

"I've played golf with Ike, Nixon, Ford and President Bush 41," Harmon told Tim Rosaforte of Golf Digest. "I never played with President Clinton. I met him in the Oval Office. It'll be interesting. I know the president is a real keen golfer. I'm looking forward to it. It should be fun.

"It'll be fun to get him down in the learning center, show him stuff in his golf game and see how he takes it to the course," Harmon told Rosaforte. "He's just like all of us that play golf. He wants to get better."

Obama is staying at the posh golf and yacht club known as "the Floridian," which sports a recently-built training facility partially designed by Harmon, but the resort is secluded from view and was locked down by authorities today.

The White House has not allowed press to view the activities, but they did state his partners today included personal friend Dr. Eric Whitaker and U.S. Trade Rep. Ron Kirk. Harvard classmate and fundraiser Tony Chase was there as well as Milton Carroll, a Texas energy businessman who donated to the Obama campaign

The property's owner, Jim Crane, was also on the course. Crane, who also owns the Houston Astros baseball team, was an Obama reelection campaign donor who put together a fundraising event at the team's stadium last March. The appearance was one of two that evening that brought in a estimated $2.8 million combined, the campaign said at the time.

Local media TCPalm.com reports the president is expected to migrate to another 18 holes tomorrow: Hobe Sound's The Medalist, where Tiger Woods is also a member.

The president has not brought family along for the trip. His wife and daughters hit the slopes on their annual Presidents' Day weekend ski trip. The Obamas' holiday trips come after the president spent his week criss-crossing the country plugging his economic and education agendas, and a ceremony for victims of gun violence.

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Source: http://news.yahoo.com/obama-gets-golf-lessons-woods-old-coach-004824724--abc-news-politics.html

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Trial opening for Israel's former foreign minister

JERUSALEM (AP) ? Israel's hard-line former foreign minister is standing trial on charges of fraud and breach of trust.

Avigdor Lieberman is accused of trying to advance the career of a former diplomat who relayed information to him about a criminal investigation into his business dealings.

Following years of investigations into Lieberman's dealings, charges were filed in January and Lieberman stepped down from his post a short time later. He denies any wrongdoing.

The trial is scheduled to begin later Sunday.

Lieberman was re-elected to parliament on a joint ticket with Prime Minister Benjamin Netanyahu, but has indicated that he would quit politics if convicted in the case. That would shake up Israeli politics because Lieberman and his Yisrael Beitenu faction are powerful political players.

Source: http://news.yahoo.com/trial-opening-israels-former-foreign-minister-065835868.html

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US drawdown in Afghanistan a 'worry' for Pakistan, ambassador says

The Monitor Breakfast

One of the concerns for Pakistan is 'how responsible' the US exit from Afghanistan will be, said Sherry Rehman, Pakistan's ambassador to the US, at a Feb. 5 breakfast meeting.

By David Cook,?Staff writer / February 15, 2013

Sherry Rehman, Pakistan's Ambassador to the United States speaks at the St. Regis Hotel in Washington DC last week.

Michael Bonfigli /The Christian Science Monitor

Enlarge

Pakistani ambassador?Sherry Rehman?has served as her nation's top envoy to the United States since November 2011. She was the guest at the Feb. 5 Monitor Breakfast.

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Relations between the US and Pakistan:

"This relationship has come a long way from the days of 2011 and early 2012, when it was marked by chronic distrust and periods of crisis management and episodes that left many of us awake at night.... The relationship is now on a stable and, we hope, uphill trajectory."

US drone attacks on suspected Al Qaeda elements in Pakistan:

"We see them as a direct violation of our sovereignty, and we also see them as a violation of international law."

Conjecture that Pakistan's leaders tacitly approve of US drone strikes while publicly denouncing them:

"There is no question of any quiet complicity, no question of wink and nod. This is a parliamentary red line that all government institutions have internalized as policy."

Reaction to the planned US troop drawdown from Afghanistan in 2014:

"There are clear worries ... about how responsible this exit will be. And we are of course invested in ... ensuring that the region remains as stable and as peaceful as possible."

The symbolism of Pakistani schoolgirl Malala Yousafzai, shot by the Taliban for advocating female education:

"We are defeminizing poverty.... It is not going to happen overnight.... Women are in positions of leadership and responsibility in many places in Pakistan...."

The film "Zero Dark Thirty" about the raid in Abbottabad targeting Osama bin Laden:

"Oh, it is very zero and very dark. What can I say?"

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/NRyVKa8USKM/US-drawdown-in-Afghanistan-a-worry-for-Pakistan-ambassador-says

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Sunday, February 17, 2013

Belkin releases WeMo beta app for Galaxy S III, devices with ICS or higher

Belkin releases WeMo beta app for Galaxy S III, devices with ICS or higher

Word of an Android app for Belkin's line of WeMo home automation hardware came amid a flurry of CES news, and now the application has rolled onto Google Play in beta form just over a month later. The app is specifically tested for the Galaxy S III, but handsets toting Ice Cream Sandwich or higher will be able to take it for a spin. By wielding the application, users can control WeMo devices over WiFi and cellular networks, configure custom icons, tweak names, take care of local firmware updates and hook things up with IFTTT. Remote firmware updates, support content and WeMo rules have yet to be baked into the software, however. Belkin is hoping guinea pigs will report bugs, but can't guarantee they'll be fixed in the short term. Currently, the outfit says issues regarding poor signal strength and app crashes are on its radar. Looking forward to the polished, growing pain-free product? The final app is expected to arrive around the summertime.

[Thanks, Matt]

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Source: Google Play

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/hXIpAg-_8G8/

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SAC has $1.68 billion in withdrawals as trading probe deepens

NEW YORK (Reuters) - Hedge fund billionaire Steven A. Cohen is feeling the pinch from the federal government's insider trading probe as outside investors in his SAC Capital Advisors submitted requests to withdraw a total of $1.68 billion from the firm by year's end.

The amount of the investor redemption notices exceeds the $1 billion figure Cohen had been telling the 900 employees at his $14 billion hedge fund to expect. The firm was bracing for withdrawals as the insider trading investigation increasingly focuses on the activities of former employees of Cohen's fund.

But the redemptions likely will not impede SAC Capital's operation in the near term, because they will be made in quarterly payments to the investors. And roughly 60 percent of the money managed by Cohen's firm is either his or his employees'.

Approximately $660 million in redemptions will be paid out on March 31, an amount that includes some prior redemptions received in 2012. The remaining roughly $1 billion of the new redemption request will be paid in out in the subsequent three quarters.

A representative for one of Cohen's outside investors said even if all of the roughly $6 billion in outside money was withdrawn from SAC Capital, the hedge fund would still be able to operate.

An employee of SAC Capital who did not want to be identified said, "SAC could handily cover all costs for operation," in the unlikely event all the outside money were withdrawn.

A person familiar with the firm said SAC's trading profits will help offset losses from the $1.68 billion investors are redeeming.

SAC's deadline for outside investors to request redemptions in the first quarter was Thursday night, even though the redemptions will be paid out quarterly over the course of this year.

SAC's biggest outside investor, Blackstone Group, is keeping most of its $550 million with the firm. The asset management arm of the private equity firm decided to stay with Cohen's firm after negotiating more flexible redemption terms on behalf of all of the firm's investors.

Cohen, after negotiating with Blackstone, decided to treat investors who wait to redeem until the second quarter no differently than those who redeem now - meaning those who redeem next quarter will also get all their money out by the end of 2013, instead of over four quarters.

Until now, Cohen's outside investors generally had stood by him as the government investigated allegations of insider trading at SAC Capital for at least six years.

One reason investors have stuck with Cohen is because he has delivered annualized average returns of about 25 percent since his firm was launched in 1992. SAC Capital's flagship fund gained 13 percent last year, when hedge funds on average only returned 6 percent.

In January, SAC Capital was up 2.5 percent, about in line with peers.

But following last November's arrest of former SAC portfolio manager Mathew Martoma, in what is alleged to be one of the most lucrative insider trading schemes on record, some investors are losing patience. Citi's private bank, for example, is withdrawing $187 million from SAC this quarter.

That said, many investors, which include high net worth individuals and firms that manage money for small groups of wealthy families, will not say what they are doing.

Wall Street investment bank Morgan Stanley, which is invested in SAC through a fund of funds unit, declined to comment on whether it was part of the group of investors pulling money from SAC in the first quarter. British-based HSBC, which also has an allocation to Cohen's fund, said in an email, "We do not comment on our positions in individual funds."

Some high net worth and family offices are said to have been reassured by Cohen's pledge that investors would not pay for any legal fees incurred by the firm in relation to the insider trading probe. Also, because SAC trades in highly liquid stocks, investors have said that if the firm were forced to unwind it could be done relatively quickly.

As for Cohen's staff, for the moment his senior managers are staying put, according to several headhunters who work in the hedge fund space. One recruiter acknowledged that there has been departures, but it is Cohen's most junior people heading for the doors.

(Reporting by Katya Wachtel and Jennifer Ablan, additional reporting by Svea Herbst-Bayliss; Editing by Matthew Goldstein, Lisa Von Ahn, Nick Zieminski and Leslie Adler)

Source: http://news.yahoo.com/sac-hit-1-68-billion-withdrawals-trading-probe-183149434--sector.html

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With Microsoft as tablet rival, will HP go Android?

First a Chromebook, next an Android tablet?

First a Chromebook, next an Android tablet?

(Credit: Hewlett-Packard)

If Hewlett-Packard introduces an Android tablet, the newfound rivalry with Microsoft will be one motivating factor, according to analysts.

"I can see why they would go down this route instead of sticking with Microsoft for everything," said Ben Bajarin, a principal at Creative Strategies.

That may be putting it charitably. "[PC makers] are pissed off at Microsoft. That's the general mood," said Roger Kay, principal analyst at Endpoint Technologies, referring to Microsoft's entry into the PC/tablet market with Surface.

Surface practically precluded HP from coming out with a Windows RT tablet based on an ARM chip -- the same silicon used for Android devices -- Kay said.

In fact, HP scuttled plans last year to bring out an RT tablet and then dissed Microsoft's device publicly, calling it "slow...kludgy" and "expensive."

But that of course isn't the only reason HP would do an Android tablet. It could, for instance, try to take the lead in bringing Android tablets to large corporate customers, Bajarin said.

To some extent, Samsung is doing that in phones now, but HP, being the largest PC maker in the world, could spearhead Android for business, according to Bajarin. "They could see that as a big opportunity," he said.

And being late to the Android market isn't all bad. "All the development in Android up to this point accrues so they can claim to be on board without a whole lot of development that they have to do independently," Kay said.

This would come about two years after HP's WebOS tablet debacle. In August of 2011, the company terminated its TouchPad only a month and a half after the device's introduction.

It also ended plans for a WebOS-based phone at that time.

HP currently offers the Windows 8-based ElitePad 900 tablet and a Windows 8 hybrid tablet-laptop: the Envy x2. Both are based on Intel's power-efficient -- and relatively slow -- Atom processor.

And it already has one product based on a Google operating system. It's selling a Chromebook for $330.

HP declined to comment.

Remember the WebOS-based HP TouchPad? This time HP will adopt Android. The company already has a Windows 8 tablet.

Remember the WebOS-based HP TouchPad? This time HP will adopt Android. The company already has a Windows 8 tablet.

(Credit: Hewlett-Packard)

Source: http://feedproxy.google.com/~r/cnet/JhqR/~3/-yk2tphYB-g/

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Pakistani tribesmen pushing Taliban to talk peace

PESHAWAR, Pakistan (AP) ? Five years after setting up an umbrella organization to unite violent militant groups in the nation's tribal regions, the Pakistani Taliban is fractured, strapped for cash and losing support of local tribesmen frustrated by a protracted war that has forced thousands from their homes, analysts and residents say.

The temperamental chief of the group known as the Tehrik-e-Taliban Pakistan (TTP), Hakimullah Mehsud, recently offered to start peace talks with the government, raising the prospect of a negotiated end to Pakistan's war against insurgents in a lawless region that runs the length of the border with Afghanistan.

The group's offer of sanctuary to Afghanistan's Taliban has been one of the most divisive issues in U.S.-Pakistan relations and has confounded efforts to get the upper hand against Afghan insurgents after more than 11 years of war.

Pakistan denies providing outright military and financial help to militants fighting in Afghanistan. With 120,000 Pakistani soldiers deployed in the tribal regions, Pakistan has waged its own bloody battle against insurgents that has left more than 4,000 soldiers dead.

In interviews with analysts, residents and militant experts, Mehsud's network has emerged as a narrow collection of insurgents ? often with links to criminal gangs ? that has only limited influence in a vast tribal region overrun by scores of insurgent groups led by commanders with disparate agendas and varying loyalties.

Rather than a precursor to peace, Mehsud's offer to talk peace is an attempt to regain stature, silence critics and gain concessions from a weak government heading into nationwide elections, according to those familiar with the militant organization.

Taliban spokesman Ehsanullah Ehsan has repeatedly denied reports of divisions within the TTP, including reported challenges to Mehsud's leadership.

But Amir Rana, director of the Pakistan Institute of Peace Studies, said Mehsud's offer to talk was an attempt to divert attention from internal rifts that are ripping the organization apart and diminishing its influence. Meshud speaks for fighters restricted to his own tribe, based in North and South Waziristan, he said.

"There is a lot of tension within the TTP. This peace offer I think basically comes from Hakimullah Mehsud and the Mehsud commanders," Rana said.

Some of his most powerful commanders have broken away and set up their own fiefdoms in other parts of the tribal area, he said.

Mehsud's fighters are believed to number in the thousands, but there are no reliable figures to measure the size of his force.

Former intelligence officials, Taliban and residents of the area say Mehsud also has a large number of foreign fighters in his North Waziristan hideouts. Many are Uzbeks and other Central Asians belonging to the outlawed Islamic Movement of Uzbekistan and mostly disliked by local residents.

"The Taliban's offer for peace talks is more of a ploy to gain legitimacy and a public relations tactic than a sincere move to end violence," militant expert and author Zahid Hussain wrote in a local newspaper this week.

Hussain portrayed Mehsud's Taliban as killers and criminals who are demanding negotiations on their own terms, including the release of prisoners who spearheaded the 2009 Taliban takeover of the Swat region in northeastern Pakistan and who admitted beheading opponents. In brazen disregard for Pakistani law, the video in which they offered peace talks featured convicted killer Adnan Rashid, who escaped from death row during a jailbreak by the Taliban last year.

Hussain called the video a "grotesque joke" and criticized the government's willingness to talk with Mehsud's Taliban.

"Some political leaders are shamelessly calling on the state to surrender to the very criminals who have killed thousands of Pakistanis in suicide bombings, beheaded soldiers and bombed schools," he said.

Two dozen political parties including the ruling Pakistan People's Party agreed in a day-long meeting Thursday to pursue talks with the Taliban, including the secular-leaning Awami National Party that rules the Khyber Pukhtunkhwa province where the tribal regions are located. They didn't offer details of how they would go about it.

"We have to try to find peace. It is not a question of giving them legitimacy. Their forces are there and when they come to the negotiation table they are recognizing the writ of the government," provincial information minister Iftikar Hussain, whose son was killed by Taliban insurgents, told The Associated Press on Wednesday.

Previous agreements between various Taliban factions have collapsed.

The TTP in North Waziristan is looking for talks because it is losing the support of the local people, according to a privately funded think tank in the Pakistani capital devoted to understanding the tribal regions.

"They are weak, there is infighting," said Mansour Mehsud, director of research at the FATA Research Center named for the Federally Administered Tribal Areas.

Pakistan's tribal regions have a special status under Pakistani law that allows tribal traditions and customs to rule. Many of the laws and rules applying to the tribal area date back to the early 20th century when the British ruled the subcontinent. Unable to control the tribesmen, the British made agreements that allowed them safe passage through tribal territory.

"They used to have the support of most people but not anymore," said Mehsud, who has no relation to the TTP leader although he shares the same tribal links. "People used to think that they would bring justice based on the Quran but instead fighting has displaced hundreds of thousands of people."

Mehsud said the Pakistani Taliban also were running out of money and that extortion and kidnappings had become one of their biggest sources of income.

A wealthy trader living on the edge of the tribal area, who was afraid to give his name because he feared retribution, said the Taliban swindled thousands of dollars from him. He said he was threatened, his family was terrorized and then a bomb exploded at his home, seriously wounding his niece.

He said other businessmen told him that they too had paid large sums of money to the Taliban. In his tribal culture, he said it is shameful to admit to being robbed because it is seen as a sign of weakness, so no one has said anything.

___

Associated Press writer Riaz Khan in Peshawar contributed to this report. Kathy Gannon is AP Special Regional Correspondent for Pakistan and Afghanistan and can be followed on www.twitter.com/kathygannon

Source: http://news.yahoo.com/pakistani-tribesmen-pushing-taliban-talk-peace-062739476.html

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