Wednesday, December 7, 2011

Allies urge Romney to get tough as Gingrich rises (AP)

WASHINGTON ? Mitt Romney's above-the-fray campaign style kept him atop the Republican presidential field for months, but it's raising concerns among his supporters now that Newt Gingrich has surged to challenge him.

Some Romney backers say their candidate must mix it up more aggressively, with Gingrich and with reporters, to prove he has the moxie to be the GOP challenger to President Barack Obama. Romney, the former Massachusetts governor, particularly caused concerns with his prickly responses in a recent Fox News interview. He needs to show more toughness and willingness to field questions, party insiders say.

The message seemed to resonate with his campaign Tuesday. Romney said he will appear on Fox News Sunday on Dec. 18, his first national Sunday talk show in nearly two years. He also fielded questions from reporters covering his Arizona visit, marking his third such "press availability" in four days.

The moves make sense to Rich Galen, a GOP strategist and former Gingrich aide who is neutral in the current race. "The lack of engagement strategy has served Romney pretty well," Galen said. "Now I think they've got to alter course and get him out there more."

Numerous Romney supporters had expressed concern over reports of him dodging reporters and in-depth questioning.

"It remains a mystery why Mitt Romney has done relatively few interviews," Jennifer Rubin, a conservative blogger for The Washington Post who often praises Romney, wrote on Monday. The much-discussed Nov. 29 Fox interview, she said, might have gone better "had it been one of dozens of TV interviews he'd given during the campaign. ... He's been the least interviewed candidate in the race."

In his 15-minute exchange with Fox News' Brett Baier, Romney bristled at questions about his changed views on abortion, climate change, immigration and gay rights, all of which are widely discussed in political circles.

Romney acknowledged rejecting his pro-abortion-rights stand of the 1990s, although he did not explain why. Otherwise, he told Baier, "Your list is just not accurate." Romney suggested the questions were inspired by "Democratic ads" that label him a serial flip-flopper.

Asked about his Massachusetts health initiative, which required residents to obtain medical insurance, Romney said he had answered the question "many hundred times." He added: "This is an unusual interview."

The questions were typical of those that many mainstream news organizations would ask, with no surprises or oddball queries. Except for Fox, which has several conservative hosts and is a favorite stop for GOP candidates, Romney rarely gives extended interviews to TV networks or national newspapers and news magazines. That seems unlikely to change soon.

"I'll be on Fox a lot, because you guys matter when it comes to Republican primary voters," Romney told Fox News' Neil Cavuto on Tuesday.

Campaigning last Saturday in Manchester, N.H., Romney was surrounded by cheering fans as he took a few questions from reporters in the morning. Shortly after noon, on a quiet residential street, he fielded a few more. However, the day's only one-on-one interviews, which give reporters a chance to ask follow-up questions, were with Fox News and a TV station from Derry, N.H.

On Tuesday, Romney hinted he might slowly ramp up his criticism of Gingrich.

"I will not be quiet," he told Cavuto. "Speaker Gingrich is a friend, respected. But we have very different life experiences."

Romney said Gingrich has spent the past 40 years or so in Washington, "working as an insider." Romney, whose only elected experience is four years as Massachusetts governor, says he would bring a more business-oriented, outside perspective.

Some party veterans urge Romney to be cautious. Bitter quarrels between politicians are "what people are sick and tired of," said Rep. Steve LaTourette, R-Ohio. "It would be disappointing if he all the sudden lit in to Gingrich, and if Gingrich lit into Romney."

LaTourette said he is backing Romney, partly because he has a "hangover" from Gingrich's tumultuous days as House speaker in the mid-1990s. "Everything always seemed to be on fire," he said.

Republican consultant Terry Holt also urged Romney to proceed carefully.

"It's important to protect your candidate's reputation and image," he said. Romney has a statesmanlike image, Holt said, and "I'd be very hesitant to sacrifice that with so much time on the clock."

As for interview programs in general, even some Democrats sympathize with Romney's reluctance.

"It's a half hour or 15 minutes of gotcha questions," said Chris Lehane, who helped Al Gore deal with the media in the 2000 presidential campaign. But that doesn't mean a serious candidate can skip such shows, or comparable interviews with major newspapers or magazines, Lehane said.

"You have to find a happy balance," he said, between protecting the candidate from gaffes and convincing voters that the contender is smart, prepared and capable.

If a candidate skips tough questions or handles them badly, Lehane said, voters will ask, "How are you going to deal with some significant crisis? These are fairly easy things compared to what you'll face as president."

Veteran GOP strategist and lobbyist Charlie Black said, "Everybody has a bad interview now and then." All in all, Black said, Romney's team has done a good job of limiting his exposure to national interviews, which sometimes do more harm than good, while focusing on local media in key states.

Democrats happily distribute anecdotes of Romney evading journalists. They include a New York Times account of Romney being the only candidate expressing alarm at a reporter's presence backstage at last Saturday's GOP forum in New York.

Romney spokeswoman Andrea Saul said her candidate "has done thousands of interviews over the course of his career, and he'll do a lot more." He exposes himself to questions in town hall settings, televised debates and numerous videotaped interviews with newspaper editorial boards, Saul said.

___

Associated Press writers Laurie Kellman in Washington and Beth Fouhy in New York contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111206/ap_on_el_ge/us_romney

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Monday, December 5, 2011

U.S. court rejects Apple's Samsung Galaxy ban

A U.S. District Court judge in San Jose on Friday rejected Apple Inc.?

Judge Lucy Koh denied a request by Apple (NASDAQ:AAPL) for a preliminary injunction in a lawsuit in which is accuses Samsung of violating its patents on smartphone and tablet technology.

The judge said Apple had proven it's likely to succeed in proving that Samsung's product infringe its patents.

But she said there isn't any need for an immediate ban: "It is not clear that an injunction on Samsung???s accused devices would prevent Apple from being irreparably harmed."

Samsung issued a statement welcoming the ruling: "We are confident that we can demonstrate the distinctiveness of Samsung???s mobile devices when the case goes to trial next year."

Apple reiterated earlier statements: "It's no coincidence that Samsung???s latest products look a lot like the iPhone and iPad, from the shape of the hardware to the user interface and even the packaging. This kind of blatant copying is wrong, and we need to protect Apple???s intellectual property when companies steal our ideas."

The latest ruling came on the same day that an Australian court extended a halt on sales of Samsung's latest Galaxy tablet in that country after Apple appealed a ruling made earlier in the week that had ended the ban.

Written by Cromwell Schubarth. Contact him at cschubarth@bizjournals.com

A U.S. District Court judge in San Jose on Friday rejected Apple Inc.?

Judge Lucy Koh denied a request by Apple (NASDAQ:AAPL) for a preliminary injunction in a lawsuit in which is accuses Samsung of violating its patents on smartphone and tablet technology.

The judge said Apple had proven it's likely to succeed in proving that Samsung's product infringe its patents.

But she said there isn't any need for an immediate ban: "It is not clear that an injunction on Samsung???s accused devices would prevent Apple from being irreparably harmed."

Samsung issued a statement welcoming the ruling: "We are confident that we can demonstrate the distinctiveness of Samsung???s mobile devices when the case goes to trial next year."

Apple reiterated earlier statements: "It's no coincidence that Samsung???s latest products look a lot like the iPhone and iPad, from the shape of the hardware to the user interface and even the packaging. This kind of blatant copying is wrong, and we need to protect Apple???s intellectual property when companies steal our ideas."

The latest ruling came on the same day that an Australian court extended a halt on sales of Samsung's latest Galaxy tablet in that country after Apple appealed a ruling made earlier in the week that had ended the ban.

Written by Cromwell Schubarth. Contact him at cschubarth@bizjournals.com or 408.299.1823.

Source: http://feedproxy.google.com/~r/vertical_18/~3/QPFQUZE9ZY4/us-court-rejects-apples-samsung.html

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Sunday, December 4, 2011

Wills, Trusts & Estates Prof Blog: Insurance Advice for Collectors

? Deadline Coming Up for Filing Estate Tax Election | Main | Considerations for Gun Collections ?

December 2, 2011

Insurance Advice for Collectors

Images-16Wealthy collectors invest in fine art, wines, sculptures, jewelry and more. Financial advisers can find stronger methods of protection for their client?s investments in collectibles. Many investors simply include their collection items in a homeowner?s insurance policy, but direct insurance coverage could be a stronger protection for the items. Direct insurance emphasizes risk management and loss protection on these irreplaceable items.

The Journal of Financial Planning provides tips for collectors of art, wine, jewelry, and collector cars.

1. Art

  • Clients should look for insurance policies that protect their art worldwide, that provides a grace period immediately after purchase in which the art will still be protected, that provides care, custody, and control coverage, and that provides catastrophic event coverage.
  • Collectors can search the internet to be aware of when similar works are selling for more or less than current insured value and update the appraisal.
  • Get all agreements, valuations, and insurance agreements in writing.
  • Fill out a condition report before transport of any kind and package carefully.
  • Consult art handlers about the best way to install their art.
  • Provide proper lighting for the art.
  • Create an emergency plan for the art if there is a natural disaster.
  • Clients should seek advice on how to manage and transfer their high-value collections at death.

2. Wine

  • Clients should look for insurance policies that have coverage for mechanical breakdowns, worldwide coverage, coverage for transport of wine bottles, and a grace period immediately after purchase in which the wine will still be protected.
  • Do the work upfront to set up a system for storage so that you can leave it alone to age on its own later.
  • Have a security system to protect the cellar.
  • Check the retail value of wine.
  • Avoid storing cases or bottles of wine on the floor in case the cellar floods.

3. Jewelry

  • Clients should look for a policy that has pair coverage, that provides a grace period immediately after purchase in which the jewelry is still protected, protection for inflation, coverage for jewelry stored n bank vaults, and worldwide coverage.
  • Store jewelry in a safe place and do not leave it out.
  • Be alert while traveling and store jewelry in safety deposit box at the hotel.
  • Ship the jewelry with great care and only as a last resort.

4. Collector Cars

  • Clients should look for an insurance policy that has agreed value coverage, worldwide coverage, full transit coverage, that allows for repairs with original manufacturers? parts, and coverage for spare parts.
  • Be sure that the client gets proper appraisals.
  • Construct strong garages to store your car.
  • Use proper transportation according to the needs of the car.
  • Create an emergency plan in case of natural disasters.

See Katja Zigerlig, Protecting Aesthetic and Financial Instruments: Help Your Clients with High-Value Collections Embrace A Risk Management Approach, Journal of Financial Planning, 2011.

Special thanks to?Jim Hillhouse (WealthCounsel) for bringing this article to my attention.

December 2, 2011 in Estate Planning - Generally, Estate Tax | Permalink

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Saturday, December 3, 2011

Famous writers petition against Mexico silver mine (AP)

MEXICO CITY ? More than 150 internationally known writers and artists are urging Mexican President Felipe Calderon to cancel mining concessions in an area of northern Mexico considered sacred ground by the Huichol Indians.

The list of petition signers released Thursday comprises a who's who of arts and letters from 30 countries, including former U.S. poet laureate Robert Hass, who said he was "very happy to participate."

Also signing were Nobel literature laureates Tomas Transtromer of Sweden and Jean-Marie Le Clezio of France and Canadian writer Margaret Atwood, said environmentalists Homero and Betty Aridjis, who collected the signatures.

The writers could not be reached for comment.

The petition urges Mexico to rescind mining concessions granted to Canada-based First Majestic Silver Corp. for nearly 16,000 acres (6,300 hectares) in a desert area known as Wirikuta in San Luis Potosi state. The area is home to the Cerro Quemado, a mountain where the Huichol believe the sun was born.

Homero Aridjis, a renowned Mexican poet, author and former ambassador, said the project would devastate the cultural and religious heritage of one of country's oldest indigenous groups that was isolated and remained largely untouched after the Spanish conquest.

The Huichol still conduct ceremonies and make an annual pilgrimage from their homes in the western states of Nayarit, Jalisco, Durango and Zacatecas to the Wirikuta reserve near the Mexican town of Real de Catorce.

"It would be like building a mine in front of the Basilica de Guadalupe," said Aridjis, referring to the Roman Catholic site in Mexico City where the Virgin Mary is believed to have appeared.

First Majestic Silver says on its website that no current plans exist to mine the site, which it acquired in 2009, "due to the historic nature of the region."

"We are committed to safeguarding and respecting the historical and environmental heritage of the communities and areas where we operate," the company says in a description of the project.

Huichol who oppose the project have organized under the Wirikuta Defense Front and challenged the project, staging protests and marches, most recently in October in Mexico City.

The reserve is one of UNESCO's World Network of Natural Sacred Sites. Some 500 miles (800 kilometers) of the pilgrim route to the reserve is being considered for addition to the list of UNESCO World Heritage Sites.

"This pilgrimage is the only way in which the Mesoamerican legacy of this ancestral culture can be kept," according to the 2004 submission to U.N. Educational, Scientific and Cultural Organization.

The Huichol are known for brilliant, intricate beadwork by the same name.

Aridjis said the area is threatened by an open-pit gold mine project as well.

Source: http://us.rd.yahoo.com/dailynews/rss/mexico/*http%3A//news.yahoo.com/s/ap/20111201/ap_on_re_la_am_ca/lt_mexico_mining_protest

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Stock indexes mixed on US jobs news, Merkel talk (AP)

NEW YORK ? The best week for the stock market in more than two years is ending with major indexes nearly unchanged.

A surprise drop in the U.S. unemployment rate sent stocks higher early Friday, but the gains fizzled throughout the afternoon. European stock indexes and the euro rose after German Chancellor Angela Merkel made a speech pushing for tighter rules on government spending.

The Dow Jones industrial average fell less than a point to close at 12,019. The S&P 500 index also fell less than a point to 1,244. The Nasdaq rose under a point to 2,627.

More than three stocks rose for every one that fell on the New York Stock Exchange. Trading volume was below average at 4 billion.

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/ap/20111202/ap_on_bi_st_ma_re/us_wall_street

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Friday, December 2, 2011

Video: November Jobs Up 120,000

CNBC's Hampton Pearson has the numbers, which reveals that non-farm payrolls are up 120,000. The unemployment rate for November is 8.6 percent. Mark Zandi, Moody's Analytics; Diane Swonk, Mesirow Financial; Austan Goolsbee, former Council of Economic...

Source: http://video.msnbc.msn.com/cnbc/45523024/

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