Packers Beat Bears 21-14 to Win NFC Title, Advance to Super Bowl.

CHICAGO -- ran for a touchdown
and made a saving tackle, B.J. Raji returned an
interception for a score and Sam Shields had two
interceptions to lead the to a
21-14 win over the in the NFC
championship game Sunday.
The victory sends the Packers to the
in Dallas to meet the winner of the New York Jets-
Pittsburgh Steelers AFC title game later Sunday.
Raji's TD return in the final quarter put the Packers
up 21-7. Green Bay then withstood a rally led by
Chicago third-string quarterback Caleb Hanie. He
led two fourth-quarter TD drives, but Chicago's
last chance to tie the game ended in the final
minute when Shields came up with his second
interception in Packers' territory.
Bears starter hurt his knee and played
only one series in the third quarter.
The sixth-seeded Packers have now won road
games in Philadelphia, Atlanta and Chicago.


Source: Http://www.foxnews.com/sports/2011/01/23/packers-beat-bears-win-nfc-title-advance-super-bowl/
READ MORE ................... Packers Beat Bears 21-14 to Win NFC Title, Advance to Super Bowl.

Palestinian 'offers' in peace process - papers leaked,


Leaked documents released by al-Jazeera
TV suggest Palestinian negotiators agreed
to Israel keeping large parts of illegally
occupied East Jerusalem.
The TV channel says it has thousands of
confidential records covering the peace process
between 2000 and 2010.The papers also reportedly show Palestinian
leaders proposing a joint committee to take over
Jerusalem's holy sites of Haram al-Sharif/Temple
Mount.
The BBC has been unable to independently verify
the documents.
Al-Jazeera says it has 16,076 confidential records
of meetings, emails, communications between
Palestinian, Israeli and US leaders.
The papers are believed to have leaked from the
Palestinian side.
The alleged offers relating to East Jerusalem are
the most controversial, as the issue has been a
huge stumbling block in Mideast talks and both
Israelis and Palestinians claim Jerusalem as their
capital.
Israel has occupied the West Bank, including East
Jerusalem, since 1967, settling close to 500,000
Jews in more than 100 settlements.
Increasing frustration
According to al-Jazeera, in May 2008, Ahmed
Qureia, the lead Palestinian negotiator at the time,
proposed that Israel annex all Jewish settlements
in East Jerusalem except Har Homa (Jabal Abu
Ghneim), in a bid to reach a final deal.
"This is the first time in history that we make
such a proposition," he reportedly said, pointing
out that this was a bigger concession than made
at Camp David talks in 2000.
PLO leaders also privately suggested swapping
part of the flashpoint East Jerusalem Arab
neighbourhood of Sheikh Jarrah for land
elsewhere, according to the leaked documents.
And Palestinian negotiators were reported to be
willing to discuss limiting the number of
Palestinian refugees returning to 100,000 over 10
years.
These are all highly sensitive issues and have
previously been non-negotiable.
Current peace talks between Israel and the
Palestinians have been suspended for months,
ostensibly over Israel's refusal to stop building
Jewish settlements on occupied Palestinian land.
The BBC's Wyre Davies, in Jerusalem, says that
for years, the same Palestinian leaders have been
talking with Israeli and American negotiators - but
getting nowhere.
Our correspondent says there has been
increasing frustration and protest among many
Palestinians over what they see as Israeli
expansion and the weakness of their own leaders
- a view that will be reinforced by the leak of
these documents.
The chief Palestinian negotiator, Saeb Erekat, who
features in many of the leaked papers, appeared
on Al Jazeera Arabic TV on Sunday to
strenuously deny that he had made these sorts of
offers.


Source: Http://www.bbc.co.uk/news/world-middle-east-12263095
READ MORE ................... Palestinian 'offers' in peace process - papers leaked,

State of the Union a test of Obama's centrist shift, GOP says.

Republicans take a wait-and-see attitude on the
eve of President Obama's State of the Union
address Tuesday. 'We're going to find out … how
much of this he really means,' says Senate
Minority Leader Mitch McConnell.
Washington — Republicans say
Tuesday's State of the Union address will be the
first test of whether President Obama's post-
election shift to a more centrist course is more
than symbolic.
Tuesday's State of the Union address will be the
first test of whether President Obama's post-
election shift to a more centrist course is more
than symbolic, Republicans said Sunday in the
lead-up to his speech.
"We're going to find out beginning next week
how much of this he really means," Senate
Minority Leader Mitch McConnell said in an
interview on "Fox News Sunday." "It is kind of a
trust-but-verify moment. Let's see if he's really
willing to do it, and if he is, I think he'll find a lot of
help among Republicans in Congress."
After an electoral "shellacking" in November,
Obama embraced a compromise that extended
the Bush-era tax cuts, retooled his West Wing to
include more moderate voices, such as his new
chief of staff, William Daley, and made new
overtures to the business community.
His polls have rebounded as well on the eve of
his second State of the Union address, passing
the 50% threshold in a series of major surveys.
Addressing supporters in a video message
released Saturday night, Obama said his speech
Tuesday would focus on creating jobs and
American competitiveness, as well as the nation's
deficit challenges.
Though calling for some budget cuts, Obama
also is expected to call for additional spending on
infrastructure and education. That raised red flags
among Republicans.
"This is not a time to be looking at pumping up
government spending in very many areas,"
McConnell said.
"When the president talks about competitiveness,
sure, we want America to be competitive," U.S.
Rep. Eric Cantor (R-Va.) said on "Meet the Press."
"We want to cut and grow. When we hear invest
from anyone in Washington, to me that means
more spending."
Cantor, leader of the new House Republican
majority, said Republicans will press for serious
spending cuts in response to the expected vote
this spring on raising the nation's debt limit.
Thursday, a group of conservative House
Republicans and Sen. Jim DeMint (R-S.C.) unveiled
a spending plan that would cut $2.5 trillion from
the federal ledger. Republicans more broadly
campaigned in 2010 on returning spending to
2008 levels, a proposal that will be debated this
week in the House.
First, though, Republicans pushed forward a vote
to repeal Obama's healthcare-reform law. It
passed the House on Wednesday, and Senate
Majority Whip Dick Durbin (D-Ill.), also appearing
on Fox, acknowledged that "it's possible we'll face
that vote," despite Democrats' objections, if
Republicans move it as an amendment.
If so, said Sen. Chuck Schumer (D-N.Y.),
Democrats would respond by calling for votes on
specific portions of the law that are popular.
"In the end, their repeal bill is going to be so full of
holes it looks like Swiss cheese," he said on CBS'
"Face the Nation."
Sen. John McCain supported a repeal vote in the
Senate, adding that there already was agreement
with Democrats on ways to improve the law.
McCain, Obama's rival in the 2008 election, also
praised the president's shift in tone.
"I think there's common ground because I think
the president realizes, as a result of the November
elections, that the American people have a
different set of priorities, and so we should seize
that opportunity for the good of the country," he
said.
Calls for unity have manifested themselves in a
move, largely initiated by Democrats, to break
from the tradition of sitting along party lines
during the speech. Durbin joked that when he sat
with his new Republican colleague Sen. Mark Kirk
(R-Ill.), "I'm bringing the popcorn. He's bringing a
Coke with two straws."
"I don't have a date," Sen. Kay Bailey Hutchison
(R-Texas) joked on ABC's "This Week."
"I'm available," Sen. Kent Conrad (D-N.D.)
responded.
McCain said he would sit with Democratic New
Mexico Sen. Tom Udall and that he hoped the
new arrangement would cut down on
unnecessary interruptions that he said distracted
from the speech.
But McConnell said the symbolism was
overblown.
"The American people are more interested in
actual accomplishments on a bipartisan basis in
the next six to nine months than they are in the
seating arrangements in the State of the Union,"
he said.


Source: Http://www.latimes.com/news/nationworld/nation/wire/sc-dc-state-union-20110123,0,7544808.story
READ MORE ................... State of the Union a test of Obama's centrist shift, GOP says.

Judge says Bear Stearns investor case can proceed.


NEW YORK (Reuters) --
Plaintiffs in one of the biggest
U.S. investor lawsuits
stemming from the financial
crisis got a boost from a
judge, who said a case against
fallen investment bank Bear
Stearns and its outside
auditor, Deloitte & Touche,
can go forward.



The decision means that one-time Bear Stearns
investors can move ahead with a proposed
securities class-action fraud case, though the
judge threw out two related lawsuits that had
been rolled into the litigation. The investors
accuse former Bear chiefs of painting a wildly
misleading picture of the firm's finances ahead of
its March 2008 unraveling.
Among the defendants is former Bear chief risk
officer Michael Alix, who joined the Federal
Reserve Bank of New York in November 2008 as
a top bank regulation adviser. Alix's lawyer was
not immediately available to comment.
Representatives from JPMorgan Chase & Co,
which bought Bear Stearns at a bargain price at
the start of the credit crisis were also not
immediately available for comment.
"It is important to recognize that in ruling on the
defendants' motions to dismiss, the court was
required to assume that the allegations in the
plaintiffs' complaint were true. At this stage of the
case the court was not permitted to and did not
consider whether those allegations actually are
true or whether the plaintiffs have evidence to
support their allegations," a Deloitte spokesperson
said in a statement.
"Deloitte believes that the claims asserted against
it are meritless and intends to defend this case
vigorously," the spokesperson said.
Bear Stearns disintegrated when the firm faced a
run on the bank following enormous mortgage
losses. Bear became the first investment bank to
collapse in a credit crisis that later claimed
Lehman Brothers and Merrill Lynch & Co Inc.
The fraud case is one of many investor lawsuits
to grow out of the crisis, although plaintiffs in
such cases have typically faced an uphill battle to
prove their claims. Auditing firms so far have
been largely successful in fighting investor
lawsuits, although in this ruling the judge said
Deloitte would also have to remain a defendant
for its role as Bear's auditor.
In his ruling, U.S. District Judge Robert Sweet in
Manhattan refused to dismiss a lawsuit against
plaintiffs led by the Michigan Retirement System,
which held Bear Stearns shares in its portfolio.
That means the fund can continue to press their
claims and possibly bring it to trial.
But the judge tossed out two related cases. One
was a separate investor lawsuit; the other was
brought on behalf of Bear employees who held
the firm's stock in a retirement plan.
The written ruling was made public late on
Friday.
At the heart of the securities fraud case is an
allegation that Bear Stearns and top executives
inflated the investment bank's stock price by
using misleading mortgage valuations to conceal
potential losses in the housing market.
The investors also accuse Deloitte of recklessly
ignoring red flags about Bear's financial
statements and did not adequately scrutinize its
mortgage valuation models. Deloitte's audits
"were so deficient that the audit amounted to no
audit at all," the plaintiffs argued in court papers.
The case is in re Bear Stearns Companies, Inc.
Securities, Derivative, and ERISA litigation, U.S.
District Court, Southern District of New York,
08-1963


Source: Http://reuters.com/article/idUSTRE70M1WR20110123
READ MORE ................... Judge says Bear Stearns investor case can proceed.