Syrian rebels fight for strategic town in Hama province


BEIRUT (Reuters) - Rebels began to push into a strategic town in Syria's central Hama province on Thursday and laid siege to at least one town dominated by President Bashar al-Assad's minority sect, activists said.


The operation risks inflaming already raw sectarian tensions as the 21-month-old revolt against four decades of Assad family rule - during which the president's Alawite sect has dominated leadership of the Sunni Muslim majority - rumbles on.


Opposition sources said rebels had won some territory in the strategic southern town of Morek and were surrounding the Alawite town of al-Tleisia.


They were also planning to take the town of Maan, arguing that the army was present there and in al-Tleisia and was hindering their advance on nearby Morek, a town on the highway that runs from Damascus north to Aleppo, Syria's largest city and another battleground in the conflict.


"The rockets are being fired from there, they are being fired from Maan and al-Tleisia, we have taken two checkpoints in the southern town of Morek. If we want to control it then we need to take Maan," said a rebel captain in Hama rural area, who asked not to be named.


Activists said heavy army shelling had targeted the town of Halfaya, captured by rebels two days earlier. Seven people were killed, 30 were wounded, and dozens of homes were destroyed, said activist Safi al-Hamawi.


Hama is home to dozens of Alawite and Christian villages among Sunni towns, and activists said it may be necessary to lay siege to many minority areas to seize Morek. Rebels want to capture Morek to cut off army supply lines into northern Idlib, a province on the northern border with Turkey where rebels hold swathes of territory.


From an offshoot of Shi'ite Islam, Alawites have largely stood behind Assad, many out of fear of revenge attacks. Christians and some other minorities have claimed neutrality, with a few joining the rebels and a more sizeable portion of them supporting the government out of fear of hardline Islamism that has taken root in some rebel groups.


Activists in Hama said rebels were also surrounding the Christian town of al-Suqeilabiya and might enter the city to take out army positions as well as those of "shabbiha" - pro-Assad militias, the bulk of whom are usually Alawite but can also include Christians and even Sunnis.


"We have been in touch with Christian opposition activists in al-Suqeilabiya and we have told them to stay downstairs or on the lowest floor of their building as possible, and not to go outside. The rebels have promised not to hurt anyone who stays at home," said activist Mousab al-Hamdee, speaking by Skype.


He said he was optimistic that potential sectarian tensions with Christians could be resolved but that Sunni-Alawite strife may be harder to suppress.


SECTARIAN FEARS


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 the U.N. investigators, told a news conference in Brussels.


Deeper 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.


Some activists privately voiced concerns of sectarian violence, but the rebel commander in Hama said fighters had been told "violations" would not be tolerated and argued that the move to attack the towns was purely strategic.


"If we are fired at from a Sunni village that is loyal to the regime we go in and we liberate it and clean it," he said. "So should we not do the same when it comes to an Alawite village just because there is a fear of an all-out sectarian war? We respond to the source of fire."


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.


Assad's forces have been hitting back at rebel advances with 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.


Rebels said on Thursday they had negotiated 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.


A resident in Damascus said dozens of families were returning to the camp but that the army had erected checkpoints. Many families were still hesitant to return.


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.


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


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.


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 from the government as well as from the army, though only a handful of high-ranking officials have abandoned Assad.


The conflict has divided many Syrian families. Security forces on Thursday arrested 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.


(Reporting by Erika Solomon; Editing by Andrew Osborn)



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Obama vows action after online guns petitions






WASHINGTON: US President Barack Obama on Friday vowed to take action to stop gun violence in response to online petitions signed by more than 400,000 people after last week's elementary school massacre.

"In the days since the heartbreaking tragedy in Newtown, Connecticut, hundreds of thousands of you, from all 50 states, signed petitions asking us to take serious steps to address the epidemic of gun violence in this country," Obama said in an online video. "We hear you."

Obama has called on Congress to pass legislation banning military-style assault rifles and high-capacity ammunition clips. It would also close loopholes that allow people to purchase guns without background checks.

He has also appointed Vice President Joe Biden to head a task force to explore ways to prevent mass shootings, including by improving access to mental health care, and addressing depictions of violence in popular culture.

"I will do everything in my power as president to advance these efforts, because if there's even one thing we can do as a country to protect our children, we have a responsibility to try," Obama said in the video.

"But as I said earlier this week I can't do it alone. I need your help."

Obama called on ordinary citizens, law enforcement officials and gun owners to campaign publicly and petition Congress in support of his reforms.

Last Friday's massacre of 26 people, including 20 children, at Sandy Hook Elementary School - the latest in a series of mass shootings over the past two years - has galvanised support for reforms aimed at stemming gun violence.

More than 400,000 people have signed "We the People" petitions on the White House's website calling for action on gun violence, making it one of the most popular issues since the launch of the site, a White House official said.

One such petition set the record for being the fastest ever to reach 25,000 signatures, the official said.

- AFP/il



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Get a free DVD ripper, video converter, and ringtone maker



It's been a fun series of freebies this week! Free seasons of TV shows (now expired, alas), free movies from Vudu, a free membership to ShopRunner -- and today, to top it all off, some free software.


Before I tell you about it, I'm going to ask that you please read the instructions as I've outlined them below, as these giveaways always seem to trip up some readers. There's nothing complicated here, but if you don't pay attention, you'll end up e-mailing me about what a fake or scam or screw-up this is.


So. From now until Jan. 2, 2013, Digiarty Software is giving away its WinX iPhone iPad Video Pack, a bundle consisting of three programs:
iPad DVD Ripper (which also rips to iPhone and other formats), iPhone Video Converter (which isn't just for iPhone), and iPhone Ringtone Maker. This threesome is for Windows only.


Here's how you get it:


  1. Click the giveaway link above or right here.

  2. Click the green Get License Code button.

  3. Ignore (at least for the moment) the top half of the box that appears. Do NOT click the inviting orange Buy Now button. Remember, there's nothing to buy today.

  4. Instead, click the Download link near the bottom of that box, the one under WinX iPhone iPad Video Pack Giveaway.

  5. That Zip file contains the installers and license codes for all three programs. (The codes are listed inside a text file.) Once you install and run any one of the programs, you'll need to copy and paste in the corresponding license code to register it -- otherwise you'll end up with just a trial version.

The only "catch" is that you have to use those license codes -- that is, register the programs -- no later than Jan. 3, 2013.


As I noted above, the DVD ripper and video converter may have iPad and iPhone in their names, but the truth is they can produce video formats that are compatible with most devices. It may take a little fiddling and guesswork to rip a DVD for play on, say, your
Android phone, but it should be do-able.


I've had good luck with Digiarty's utilities in the past, and although these are provided without tech support or free upgrades, they're definitely worth your time if you're looking to rip DVDs, convert videos, or create iPhone ringtones (though this last is just as easily accomplished with any number of free iPhone apps). Even if they don't get the job done for some reason, hey, they didn't cost you anything.


If I don't see you again until 2013, have a safe and happy holiday. And remember: the best things in life really are free. Hugs. Compliments. Acts of kindness. Declarations of love. Give them generously. I'll start: I love all you folks and thank you profusely for spending a few minutes of your day here. It means a lot.


Bonus deal: Get 'em while they're hot (pink): Today only, Lenovo has the IdeaPad A1107 16GB Android 4.0 tablet for $129 shipped when you apply coupon code USPAD21213 at checkout. (I just tried the code and it worked, though I'm not sure for how much longer.) The IdeaPad features 16GB of storage, dual cameras, Bluetooth, and a 7-inch screen. It's pink, though, so this one's probably best suited to the lay-deze...


Deals found on The Cheapskate are subject to availability, expiration, and other terms determined by sellers.


Curious about what exactly The Cheapskate does and how it works? Read our FAQ.


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"Plan B" is dead; what's next for "fiscal cliff"?

House Speaker John Boehner's big idea for a backup "Plan B" exploded Thursday night when, after days of wrangling with his own troops, he realized he didn't have enough votes to pass the tax cut part of his plan.  With four days until Christmas and 11 until the effects of the "fiscal cliff" begin the big question today is: what happens now?

Obama and Boehner to talk?

Boehner sent House Republicans home for Christmas after last night's legislative collapse, ensuring nothing will be passed until Dec. 27 at the earliest, when members are due back in town.  That leaves Boehner and President Obama to keep negotiating - something that ground to a halt after Boehner announced he was moving forward with his "Plan B" earlier in the week. 

But the two are at a stalemate, even though they're not that far apart in their proposals. In their most recent offers, Mr. Obama was offering $1.2 trillion in revenue and $800 billion in spending cuts; Boehner was offering $1 trillion in revenue and $1 trillion in spending cuts.  Also, the president agreed to let the Bush-era tax cuts expire on those making over $400,000; Boehner is supporting a $1 million threshold, to the consternation of some in his party who don't want anyone's taxes to go up.

The president is hoping to get to Hawaii for Christmas - he was planning on leaving town today but without a "fiscal cliff" deal, it's unclear whether he'll get to the Aloha State at all for the holiday.  Meantime, Boehner wakes up today with the realization that he has a seemingly irreparable schism within his own ranks: there are just enough Republicans who refuse to budge on taxes and are demanding more spending cuts, especially on entitlement programs such as Medicare, therefore gumming up the works for any progress Boehner wants to make on the "fiscal cliff".

Ultimately, negotiations between the president and Boehner might be over, especially since it's clear to all parties after last night that Boehner doesn't have the votes to get any compromise through the House.

Obama and Reid to offer a solution?

Boehner seemed to throw up his hands after calling off the "Plan B" vote Thursday night saying the solution to averting the "cliff" is in the hands of Mr. Obama and Senate Majority Leader Harry Reid, D-Nev.

"The House did not take up the tax measure today because it did not have sufficient support from our members to pass. Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff," Boehner said Thursday night in a written statement. "The House has already passed legislation to stop all of the January 1 tax rate increases and replace the sequester with responsible spending cuts that will begin to address our nation's crippling debt. The Senate must now act."

White House spokesman Jay Carney said in a statement tonight: "The President's main priority is to ensure that taxes don't go up on 98 percent of Americans and 97 percent of small businesses in just a few short days. The President will work with Congress to get this done and we are hopeful that we will be able to find a bipartisan solution quickly that protects the middle class and our economy."

The Senate is in session today before recessing until Dec. 27; both the president and Reid will attend a memorial service for the late Sen. Daniel Inouye, D-Hawaii, so action between the two, if any, would begin this afternoon at the earliest.

Over the "cliff"?

The only way to reach a deal may be to let the nation go over the "cliff." When that happens, the expiration of the Bush-era tax cuts will mean that taxes on nearly all Americans will go up. That fact would seem to make it easier for House Republicans to back a "fiscal cliff" deal, since they would be voting for a tax cut, not a tax hike.

But going over the "cliff" could have significant consequences. To be clear, the "cliff" is actually more of a slope: The $1.2 trillion in automatic spending cuts are phased in over a decade - it's not the immediate punch to the cut that "cliff" implies - and there are budgetary maneuvers that can at least somewhat soften the blow of both the tax hikes and spending cuts. But going over the "cliff" could spook the markets and once again shake world perceptions of the ability of the U.S. government to function effectively. And if a deal is not reached relatively soon after the deadlilne, the $500 billion in tax hikes and $200 billion in spending cuts in the first year will likely start pushing the nation back into recession.

How will the markets react?

Many eyes will be on Wall Street to see how it reacts to the growing realization that the over the "fiscal cliff" scenario may be closer to reality than anyone hoped.

Things were not looking up early this morning: Asian markets across the board closed slightly down for the day after news of the "Plan B" withdrawal broke.

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1 Week Later: Moment of Silence at Sandy Hook













Incessant rain and a dreary morning failed to keep onlookers away from a moment-of-silence memorial in Newtown, Conn., to pay their respects to the 26 people who were killed at Sandy Hook Elementary School.


Officials scheduled the event to recognize victims of the massacre that began at 9:30 a.m. Dec. 14, when gunman Adam Lanza shot his way into Sandy Hook elementary and launched a shooting spree at the school, taking 26 lives, including 20 children, and then his own.


FULL COVERAGE: Newtown, Conn., Elementary School Shooting


Tents and plastic were used to protect the stuffed animals, candles, notes and pictures that mourners have set up in the town. Flags in Newtown, Conn., which encompasses the village of Sandy Hook, are flying at half-staff.


Gov. Dannel P. Malloy, Lt. Gov. Nancy Wyman and Newtown First Selectman Patricia Llodra, together with other local elected officials, convened on the steps of Edmond Town Hall in Newtown for the moment of silence.








Sandy Hook Victims to Be Remembered in Moment of Silence Watch Video









Newtown Buries First School Shooting Victims Watch Video







They congregated on the steps at 9:28 a.m., with the moment of silence beginning at 9:30 a.m.


President Obama also took part in the moment of silence at the White House. The White House tweeted this morning, "20 beautiful children & 6 remarkable adults. Together, we will carry on & make our country worthy of their memory. -bo #MomentForSandyHook." The "-bo" signature means the tweet was sent by the President himself.


Bells from nearby Trinity Episcopal Church rang 26 times this morning in memory of each life lost at Sandy Hook Elementary School, as did the bells at the National Cathedral in Washington.


No formal remarks were made during the memorial.


Interested in How to Help Newtown Families?


Malloy has proclaimed today a "day of mourning" in Connecticut, asking residents statewide to participate in the moment of silence. He also wrote the nation's governors, inviting each state in the country to participate in the reflection on this day.


On the Web, a movement sprung up to make sites automatically "go silent" at 9:30. Easy-to-install javascript code was included so those who wanted their site to go silent could easily do so.


Lanza, 20, fatally shot his mother last Friday and then entered Sandy Hook elementary by shooting his way through a window to gain entry. From there, he gunned down and killed 26 people, including 20 children.



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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)



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Third quarter US growth revised up to 3.1%






WASHINGTON: The US economy grew 3.1 percent in the third quarter, faster than previously estimated, the Commerce Department said Thursday.

Gross domestic product growth in the July-September period was revised upward from prior estimates of 2.7 percent and 2.0 percent, the department said.

The higher figure reflects upward revisions to consumer spending, exports and government outlays, and downward revision to imports.

In the second quarter, real GDP increased 1.3 percent.

The Commerce Department said the revision "has not greatly changed the general picture of the economy for the third quarter except that personal consumption expenditures is now showing a modest pickup, and imports is now showing a downturn."

- AFP



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Online holiday shoppers spend $35 billion so far this season



Online spending for the first 46 days of the holiday season hit $35 billion, according to data out yesterday from ComScore.


Covering November 1 through December 16, the surge in sales represents a 13 percent jump over the same period last year. Last week set a record with spending surpassing $7 billion for the first time ever.


Green Monday (a term coined by eBay to refer to the second Monday in December) saw sales of $1.275 billion, while three other days for the season accounted for more than $1 billion in online spending.


However, the 13 percent rise is lower than expected, according to ComScore, as online spending has slowed in recent weeks. The research firm is waiting to see if last-minute shoppers can ring up more sales before the season ends.


"This current week, which kicked off with Free Shipping Day on Monday the 17th, will be critical in making up some ground on a season-to-date growth rate that remains below initial expectations at 13 percent following a prolonged post-Cyber Monday lull," ComScore chairman Gian Fulgoni said in a statement.


With many retailers extending their free shipping offers into Tuesday and Wednesday of this week, we just may see the sort of late-season jolt needed to push growth rates back into the mid-teens."


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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.

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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.



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