Man killed on Southwest Side













Homicide on California Avenue


Detectives investigate the scene of a shooting that left a 32-year-old man dead late Wednesday night.
(Peter Nickeas / Chicago Tribune / December 26, 2012)



























































A man in his 30s died after someone shot him in the face, chest and arms in the Gage Park neighborhood late Wednesday night.


He was shot in an alley east of California Avenue just south of 54th Street about 10 p.m.


He was taken to Mount Sinai Hospital in critical condition, Chicago Police News Affairs Officer Hector Alfaro said. The man's family gathered there after he was shot.





Eight detectives arrived at the scene and began their investigation early Thursday morning, their unmarked police cars crowding the narrow block. 


A young woman wept next to red tape on the south side of the crime scene.


Police later said he died. A spokesman for the Cook County medical examiner's office wasn't able to say whether they had been notified of the death.


Check back for more information.

pnickeas@tribune.com
Twitter: @peternickeas




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Mental illness, poverty haunted Afghan policewoman who killed American


KABUL (Reuters) - The Afghan policewoman suspected of killing a U.S. contractor at police headquarters in Kabul suffered from mental illness and was driven to suicidal despair by poverty, her children told Reuters on Wednesday.


The woman was identified by authorities as Narges Rezaeimomenabad, a 40-year-old grandmother and mother of three who moved here from Iran 10 years ago and married an Afghan man.


On Monday morning, she loaded a pistol in a bathroom at the police compound, hid it in her long scarf and shot an American police trainer, apparently becoming the first Afghan woman to carry out such an attack.


Narges also tried to shoot police officials after killing the American. Luckily for them, her pistol jammed. Her husband is also under investigation.


Her son Sayed, 16, and daughter Fatima, 13, described how they tried to call their parents 100 times after news broke of the shooting, then waited in vain for them to come home.


They recalled Narges's severe mood swings, and how at times she beat them and even pulled out a knife. But the children said she was consistent in bemoaning poverty.


"She was usually complaining about poverty. She was complaining to my father about our conditions. She was saying that my father was poor," Sayid said in an interview in their damp, cold two-room cement house.


On the floor beside him were his mother's prescriptions and a thick plastic bag filled with pills she tried to swallow to end the misery about a month ago. On another occasion, she cut her wrist with a razor, Sayed said.


"My father was usually calm and sometimes would say that she was guilty too because it wasn't a forced marriage. They fell in love and got married."


There was no sign in their neighborhood of the billions of dollars of Western aid that have poured into Afghanistan since the ouster of the Taliban in 2001, or of government investment.


RAW SEWAGE, STAGNANT WATER, DIRT ROADS


The lane outside their home stank of raw sewage.


Dirty, stagnant water filled holes in dirt roads nearby, where children in tattered clothes played and butchers stood by cow's hooves in shops choked by dust.


Afghanistan is one of the world's poorest nations, with a third of its 30 million residents living under the poverty line.


The sole distractions from the daily grind appeared to be a deck of playing cards and a compact disc with songs from Iranian pop singers, scattered on the floor of a room where Narges would lock herself in and weep, or sit in silence.


At times, Narges would try to focus on building her children's confidence, telling them to be guided by the Muslim holy book, the Koran, to tackle life's problems.


Sayed and Fatima said she never spoke badly of the U.S. presence in Afghanistan or of President Hamid Karzai's government.


Neighbor Mohammad Ismail Kohistani was dumbfounded to hear on the radio that Afghan officials were combing Narges' phone records to try to determine whether al Qaeda or the Taliban could have brainwashed her into carrying out a mission.


But he was acutely aware of her mental problems and often heard her scream at her husband, whose low-level job in the crime investigation unit of the police brought home little cash.


Kohistani, who operates a small sewing shop with battered machines, never imagined his neighbor could be accused of a high-profile attack that raised new questions about the direction of an unpopular war.


"I became very depressed and sad," said Kohistani, sitting on the floor few feet from a tiny wood-burning stove in Narges's home, alongside family photographs and a police training manual.


Fatima would often seek refuge in Kohistani's house when her mother's behavior became unbearable. "She did not hate us, but usually she was angry and would not talk to us," said Fatima, her eyes moist with tears.


Nevertheless, she missed her mother. The children were staying with a cousin.


"I ask the government to free my mother, otherwise our future will be destroyed," said Fatima.


Officials described it as another "insider shooting", in which Afghan forces turn on Westerners they are meant to be working with to stabilize the country. There have been over 52 such attacks so far this year.


The shooting at the police headquarters may have alarmed Afghanistan's Western allies. But some Afghans have grown numb to the violence.


Kohistani's 70-year-old father Omara Khan, who sports a white beard, sat twirling prayer beads beneath a photograph of Narges in a black veil beside one of her husband.


Asked what he thought of the attack, he laughed.


"This is common in Afghanistan," said Khan, who lived through decades of upheaval, including the 10-year Soviet occupation and a civil war that destroyed half of Kabul and killed some 50,000 civilians.


"People are killed every day."


(Editing by Ron Popeski)



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Yen falls, Nikkei surges as Japan gets a new government

TOKYO (Reuters) - The yen fell to a 20-month low against the dollar on Wednesday, buoying the benchmark Nikkei stock average to nine-month highs, as Japan swore in a new prime minister eager to pursue drastic stimulus steps to drive the country's economy out of deflation.


Asian shares and other assets were capped in thin holiday trade, with investors focusing on the fate of U.S. negotiations to avert a budget crunch looming at the end of the year.


Markets in Singapore <.ftsti>, Malaysia <.klse>, Indonesia <.jkse>, the Philippines <.psi> and South Korea <.ks11> reopened on Wednesday after closing on Tuesday for the Christmas holiday.


Hong Kong and Australia remain closed on Wednesday. Europe also will not trade, but U.S. markets reopen later in the day.


MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> was little changed. Shanghai shares <.ssec> were flat, but stayed in positive territory on the year after a 2.5 percent jump on Tuesday erased 2012 losses. It is set for a first annual gain in three years. South Korean shares <.ks11> ended nearly flat.


Shinzo Abe, whose party won a landslide victory in an election earlier this month, was elected Japan's premier on Wednesday. Abe, who is expected to appoint his cabinet later Wednesday, is calling for a mix of aggressive monetary policy easing and big fiscal spending to beat deflation and rein in the strong yen.


He has kept up pressure on the Bank of Japan to be more drastic and adopt a 2 percent inflation target to beat deep-rooted deflation, pushing the yen to a 20-month low of 85.38 yen on trading platform EBS on Wednesday. Traders eyed the dollar's 2011 high of 85.53 yen as the next target.


The euro rose as high as 112.55 yen on EBS, just below its 16-month high of 112.59 yen hit on December 19.


The weaker yen has bolstered hopes for better earnings from Japanese companies and underpinned the Nikkei, which has gained some 18 percent since mid-November when the election was scheduled, fuelling expectations for Abe's party to win. The yen has lost nearly 8 percent against the dollar in the same period.


The Nikkei <.n225> closed at a nine-month high with a 1.5 percent gain. <.t/>


"Most foreign funds have added Japanese shares and there are fewer participants today, but there still is a reason for the Nikkei to rise," said Hideyuki Okoshi, general manager at Chibagin Securities. "Not only exporters but investors are buying other stocks which could benefit under the new government."


Japanese government debt prices fell, with the 10-year bond futures hitting a three-month low of 143.65 in active trade. Ten-year JGB yields rose 1.5 basis points to 0.780 percent, matching a six-week high hit on December 19.


"We continue to see equities going high, so the pressure is on the long end of the JGB curve. For the short end of the curve, we continue to see the BOJ ease aggressively, so there is no change in that," said Tadashi Matsukawa, head of Japan fixed income at PineBridge Investments.


Minutes of the BOJ's policy-setting meeting in November, released on Wednesday, showed that some board members said the central bank must act decisively, without ruling out any policy options, if the outlook for the economy and prices worsens further.


"FISCAL CLIFF" RISK


The dollar was expected to stay firm this week as the U.S. fiscal impasse is likely to continue to sap investor appetite for risky assets and raise the dollar's safe-haven appeal.


Ten-year U.S. Treasury notes held steady in price to yield roughly 1.776 percent in Asia, little changed from late U.S. trade on Monday. The U.S. bond market was closed on Tuesday for Christmas.


"I think there is about a 50 percent chance of the cliff being avoided at the year-end through an agreement of some kind, even if it turns out to be just a short-term postponement," said Tomoaki Shishido, a rate analyst for Nomura Securities in Tokyo.


A U.S. official said on Tuesday that President Barack Obama may return to Washington from his Hawaiian holiday as early as Wednesday evening to address the unfinished negotiations over the "fiscal cliff" of some $600 billion in automatic spending cuts and tax increases set to start on January 1.


If the United States falls off the fiscal cliff, economists warn that the world's largest economy could plunge into recession and drag global economies down as well.


Data out of Asia on Wednesday underscored fragile global growth.


Exports in Thailand, Southeast Asia's second-largest economy, rose nearly 27 percent in November from a year ago, but that reflected recovery from flooding in late 2011 and not growth in global demand.


South Korea's key consumer sentiment index held steady in December from November and stood below the neutral point for a fifth consecutive month, diminishing hopes of a quick economic rebound.


Gold edged lower on Wednesday on uncertainty over the fiscal cliff, but a weaker yen sparked a rally in bullion futures on the Tokyo Commodity Exchange (TOCOM).


Brent crude climbed above $109 per barrel on Wednesday in thin trade, with investors hoping for a last-minute deal to avoid a U.S. fiscal crisis. U.S. crude futures also inched up 0.4 percent to $88.94.


(Additional reporting by Ayai Tomisawa and Dominic Lau in Tokyo and Masayuki Kitano in Singapore; Editing by Richard Borsuk)



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Clippers beat Nuggets 112-100 for 14th win in row


LOS ANGELES (AP) — The Los Angeles Clippers didn't finish their 14th consecutive victory well. They were good enough through the first three quarters that it didn't matter.


Jamal Crawford led a dominant performance by the Los Angeles reserves with 22 points in a 112-100 victory over the Denver Nuggets on Tuesday night, extending the team's franchise-record winning streak while claiming the best record in the NBA at 22-6.


"It's about getting better and better," Crawford said. "We're trying to stay locked in and focused."


Matt Barnes added 20 points — one off his season high — as the bench outscored the Clippers' starters 64-48 in moving one win ahead of second-best Oklahoma City (21-6), which lost to Miami earlier Tuesday.


"This is fool's gold," cautioned Chris Paul, who led the starters with 14 points. "You don't play for the regular season. Obviously, you want to build something."


Kosta Koufos and Jordan Hamilton scored 16 points each for Denver in the finale of a Christmas doubleheader at Staples Center. The Lakers, who will play the Nuggets on Wednesday night in Denver, beat the Knicks 100-94 in the first game.


"They're a very good running team and they're very athletic, so we wanted to just play within ourselves and play smart throughout the game," Koufos said. "I thought we established ourselves early on. We were getting some good looks, but at the same time, shots weren't going in."


Ty Lawson added 15 points for the Nuggets, who fell to 7-13 on the road, where 22 of their first 32 games are being played.


"They've got the respect of the league and they've got the attention of the league," said former Clipper Andre Miller, who had 12 points. "It's tough to come in here and get a win when the team is playing that well."


Crawford's 3-pointer to open the fourth quarter pushed the Clippers' lead to 20 points and kept the starters on the bench for the final 12 minutes. Coming into the game, their average margin of victory during the streak had been 13 points and they exceeded that when the Nuggets failed to make it close in the fourth.


Crawford scored eight points in the quarter. He leads NBA reserves in scoring and topped 20 points for the 12th time this season.


But none of the Clippers were happy about the sloppy final period, when they were outscored 24-19 and the Nuggets shot 61 percent.


"It looked like a layup drill for them," Clippers coach Vinny Del Negro said about Denver scoring 10 straight points. "I'm big into making sure we play the right way. It's always about the big picture and us getting better."


Blake Griffin added 13 points and Willie Green had 11 among the other leading Los Angeles starters.


Denver rallied after halftime, using a 15-6 spurt to close to 73-63, capped by Andre Iguodala's free throw after Paul received a technical foul.


The Clippers answered with three consecutive 3-pointers, including two by Green from opposite corners, for an 84-67 lead. The Nuggets ran off seven in a row to get within 10 before the Clippers regrouped with a 9-2 run, capped by Paul's 3-pointer, that kept them ahead 93-76 heading into the fourth.


"They have a confidence right now that's pretty powerful," Nuggets coach George Karl said.


The Clippers stretched their lead to 67-48 at halftime with 42 points in the second, their highest-scoring quarter this season. The bench got things going with a 14-10 run before Paul replaced a wild Eric Bledsoe. His presence settled down the second unit until Griffin and DeAndre Jordan eventually came back in during a 28-10 run the rest of the period that produced the Clippers' first double-digit lead. Driving dunks by Barnes and Griffin, alley-oop dunks by Griffin and Jordan, and consecutive 3-pointers by Barnes and Paul highlighted the scoring binge.


"When we are at our best our starters have a great first quarter and our bench elevates that," Griffin said.


Hamilton banked in a jumper at the buzzer to give the Nuggets a 26-25 lead after a back-and-forth opening quarter. There were nine lead changes and eight ties, with neither team leading by more than three points.


NOTES: The Clippers improved to 13-3 at home, where they haven't lost there since Nov. 26 against New Orleans. ... Denver fell to 3-3 in the first game of a back-to-back set. ... Los Angeles wore all-red uniforms, while the Nuggets were in navy. ... Paul flew in 30 family members from North Carolina to enjoy the holiday. ... It was Paul's idea to have his teammates wear ugly Christmas sweaters to the arena, and his mother procured them. "It shows we're a tight-knit group," Crawford said. Some of the Clippers declared F Matt Barnes the unofficial winner. His green-and-cream cardigan had tinsel, bows and ornaments hanging from it. ... Kanye West was part of a contingent of Kardashians in the house, including Kim and Khloe.


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Wild Christmas Weather







By Steve Strouss


A large storm is sweeping across the country this Christmas Day with Snow, Ice & Heavy Rain. The storm has also spawned a few tornadoes and brought severe weather to parts of the Southeast US. Over a dozen states have already been effected by this massive system and Winter Storm Warnings are now out from Oklahoma all the way to Maine.







Blizzard Warnings remain in effect for parts of Arkansas and Missouri this evening where over a foot of the white stuff is forecasted. Meanwhile travel will be difficult if not impossible as several interstates and airports have already been impacted across the central plains and Midwest. Tornadoes have touched
down in parts of Mississippi & Alabama and damage there is expected to be in the hundreds of thousands.


Closer to home, a Flood Watch has been issued for Philadelphia and surrounding counties Wednesday evening through Thursday morning. As much as 2″ of rain can fall and that could lead to some flooding on area roadways, creeks and streams. Rain will be heavy at times Wednesday night before tapering off during the pre-dawn hours. The wind will also be a concern as gusts could exceed 40 mph and that could lead to downed tree branches and holiday decorations.


In the Poconos, a Winter Storm Watch is in effect for up to 4 inches of snow (locally higher). Snow could also mix with ice and that could lead to slippery spots across the region. In the Lehigh Valley, Snow will mix with and change over rain as warmer air moves in later Wednesday night. All in all, it will be a very messy Wednesday night and Thursday morning.


The region will see a brief break later this week with some sunshine and then another large storm will take aim on our area this weekend. Right now we think colder air will be in place for the 2nd storm but there may be less moisture and that will keep accumulations down. We will keep you posted with any changes. Until then, Happy Holidays!




Weather News Headlines – Yahoo! News





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Shootings leave 1 dead, 5 wounded Christmas and overnight









An 18-year-old man was shot and killed and five other people were wounded, two of them seriously, across the city Tuesday afternoon.


The man died after someone shot him in the 2000 block of West 69th Street, just west of Damen Avenue, in the West Englewood neighborhood. He was shot after 11:30 p.m.


He was shot multiple times after getting into an argument with several others on 69th Street, police said. 





Two males, whose ages weren't available, were shot on the 0-100 block of North Lockwood Avenue about 1:15 a.m., near Madison Street. One was shot in the neck and taken to John H. Stroger Jr. Hospital of Cook County and the other was shot in the knee and taken to West Suburban Medical Center, police said. 


The man shot in the neck is expected to survive, police said. At the crime scene, police used a bottle of vitamin water to mark the location of a shell casing because paper used until an evidence marker could be placed by an evidence technician kept blowing down the street. 


Police blocked off a second West Side crime scene on Laramie where the van the pair were traveling in stopped, also near the intersection of Madison Street. 


A woman is in critical condition after getting shot in the neck. The 22-year-old was shot inside an apartment on the 1900 block of South Harding Street in the Lawndale neighborhood about 9:40 p.m., police said. She was taken to Mount Sinai Hospital.


The woman was shot by her boyfriend during a fight inside the apartment, police said.


About 7 p.m., an 11-year-old boy was grazed in the arm in the 6200 block of South Michigan Avenue and taken to Comer Children's Hospital, according to police. He was walking in a group when he heard shots and felt pain.


Another man was left in serious condition after someone shot him in the back in the Hermosa neighborhood about 2 p.m. That happened in the 4300 block of West Armitage Avenue on the Northwest Side.


No one is in custody for the shootings and detectives from across the city are investigating. 


pnickeas@tribune.com
Twitter: @peternickeas





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Spring Wish denied as suicide bomber brings down Afghan juice empire


KABUL (Reuters) - When a Taliban suicide bomber killed two people on the edge of the Afghan capital this month, there was another casualty - a global fruit juice business optimistically called "Spring Wish" which provided work for thousands of farmers across the country.


Mustafa Sadiq's empire had been expanding healthily, bringing in badly needed foreign capital, before the attack inflicted the kind of financial loss cash-strapped Afghanistan can ill afford.


The pomegranate juice business was nearly wiped out in the split second it took the militant to detonate explosives in a truck parked near the factory on December 17.


Pieces of shredded metal were scattered everywhere. Chairs were hurled across the office where Sadiq had spent so much time figuring out how to beat the odds against decades of war, instability and hopelessness.


Sadiq was in Dubai drumming up new export deals when an assistant called with the bad news. The call that Sadiq said he did not get is also troubling him.


"So far no officials, for the sake of sympathy, have called us," Sadiq, 40, told Reuters, standing beside a year's supply of juice in containers that were ruined in the attack - nearly $10 million in losses overall.


"In this situation they should have called me and asked what kind of help they could provide. The agriculture, finance, commerce ministries. Nobody so far has visited or called."


The impact of the war, and expectations for the future, are often seen only through the eyes of Western or Afghan soldiers, or officials who point to the progress that has been made.


Sadiq offers another perspective. Some workers told him the bomber triggered the loudest blast they had heard in 30 years.


A Soviet invasion of Afghanistan in 1979 was followed by a decade of resistance by mujahideen fighters who drove them out. Then warlords carved out fiefdoms and destroyed half of the capital in the civil war that followed.


DIRTY POLITICS


The Taliban took over, were toppled in 2001 and are now raising fears they may return when U.S.-led NATO troops hand over security to Afghan forces in 2014.


But Sadiq does not see the Taliban as the biggest threat to Afghanistan's future. Instead, he says, officials have turned politics into a commercial enterprise driven by corruption.


"Government employees think it's time to fill their pockets and grab whatever they can. That will pave the way for civil war," said Sadiq, as workers feverishly loaded boxes of the little fruit juice left onto a truck, and others worked to rebuild a brick wall.


"You have to struggle, not run away. It is kind of like running away now. They have walls around themselves sitting there and they do not have contact with ordinary Afghans."


His disillusionment is shared by the Afghanistan Chamber of Commerce and Industries.


"There is no guarantee for investment in Afghanistan. People are afraid of the government, there is no rule of law. Government officials can do anything they want," the chamber's first vice-chairman, Jan Alokzai, told Reuters.


"President (Hamid) Karzai's words are only on paper and don't have any value."


Afghanistan's U.S.-backed government says it is committed to building up the economy, attracting foreign investment and helping Afghans secure a brighter future. Karzai says it is contracts with foreigners that spread graft.


WISHFUL THINKING?


The government has highlighted 2014 as a year to invest in Afghanistan, which relies heavily on foreign aid, and to take advantage of its cheap labor and land leases.


In each of the 10 years following 2014, the government hopes revenues from oil, natural gas, iron, copper and other mining ventures will generate $4 billion in revenue.


Sadiq spent time in Europe, waiting for an opportunity to return and invest in his homeland. He eventually opened a factory in an industrial park along Kabul's dusty Jalalabad Road in 2008, from where he broke into overseas markets.


Spring Wish, which employed about 1,000 people, was selling produce to the health conscious in Europe, Asia and the Middle East, bringing money into Afghanistan, while anxious Afghans carted $4.5 billion in cash out of the country last year to safety.


But when asked about the maps on a wall identifying parts of Afghanistan which offer opportunities for farmers and businesses like his, Sadiq could only put his head in his hands and cry.


The dark red seeds from Sadiq's fruits were prized in Europe for their antioxidant qualities, and in Japan where many believe they can help fight cancers. He seems most proud of the fact that he helped 40,000 farmers across Afghanistan earn a living.


As Sadiq tries to persuade his staff to keep dreaming big and to rebuild, one question may haunt him for some time. The suicide bomber parked his truck in a lane between his company and a foreign firm.


The Taliban said it attacked an American company next door, but he still wonders whether his factory, which relied on Italian machinery and benefited from U.S. aid programs, was the target. And he acknowledges he is desperate for money from Western donors.


"Around 120 people were working here and this factory was totally destroyed in the suicide attack," said Mohammed Jaw, 28, a general operator for the company. "A number of our workers will lose their jobs and now everyone is concerned about what happens next."


Despite the loss, Sadiq's entrepreneurial and marketing spirit seems intact.


"Have you tried the juice with mulberry flavor?" he asked proudly. "It's really good."


Then a worker brought the moment back to reality. He lifted his cellphone to show a photograph of the suicide bomber's severed head.


(Additional reporting by Mirwais Harooni; Editing by Nick Macfie)



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Yen on defensive on U.S. fiscal worry, helps Nikkei

TOKYO (Reuters) - Uncertainty over whether U.S. lawmakers will strike a deal by an end-of-year deadline to avert a severe fiscal retrenchment undermined the yen and bolstered Japanese shares on Tuesday in low volume, with many participants away on Christmas holiday.


The dollar rose to a 20-month high of 84.965 yen early on Tuesday in Asia, as Japanese markets caught up with global investors who had reacted overnight to incoming Japanese Prime Minister Shinzo Abe's weekend comments that raised the pressure on the Bank of Japan.


During a meeting on Tuesday with officials from Japan's major business lobby, Keidanren, Abe reiterated calls on the BOJ to conduct bold monetary easing to beat deflation by setting an inflation target of 2 percent.


The head of Abe's coalition partner said on Tuesday the coalition party and Abe had agreed to set a 2 percent inflation target and compile a large stimulus budget to help the economy return to growth and overcome deflation.


The yen has come under pressure as a result of expectations that the BOJ will be compelled to adopt more drastic monetary stimulus measures next year.


The dollar was expected to stay firm this week as investors repatriate dollars, and as the U.S. fiscal impasse is likely to continue to sap investor appetite for risky assets and raise the dollar's safe-haven appeal.


"The dollar is seen relatively well bid, with all focus on the fiscal cliff," said Yuji Saito, director of foreign exchange at Credit Agricole in Tokyo.


"Negotiations may be carried over the weekend, but markets still expect a deal to be struck by December 31. It is unthinkable that the U.S. will risk driving its economic growth sharply lower by not agreeing to avoid it."


U.S. lawmakers and President Barack Obama were on Christmas holiday and talks were unlikely to resume until later in the week.


House of Representatives Speaker John Boehner failed to gain support for a tax plan at the end of last week, raising fears that the United States may face the "fiscal cliff" of some $600 billion in automatic spending cuts and tax increases set to start on January 1.


Japan's Nikkei stock average <.n225> resumed trading after a three-day weekend with a 1.1 percent gain, recapturing the key 10,000 mark it ceded on Friday after Boehner's failure sparked a broad market sell-off and the Tokyo benchmark closed down 1 percent. The Nikkei was likely to be supported as long as the yen stayed weak. <.t/>


"Ongoing optimism about the weak yen is lifting hopes that exporters' earnings will be better than expected," said Hiroichi Nishi, general manager at SMBC Nikko Securities.


Analysts say a near-term correction may be possible as the index is now in "overbought" territory after gaining 16.2 percent over the last six weeks, hitting a nine-month high last Friday. Its 14-day relative strength index was at 72.34, above the 70 level that signals an overbought condition.


MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> nudged up 0.1 percent, driven higher by surging Shanghai shares, as most Asian bourses were shut for Christmas.


The Shanghai Composite Index <.ssec> soared over 2 percent to five-month highs as investors bought property stocks on mounting optimism about the sector. Taiwan shares <.twii> jumped 1.3 percent on gains in technology and financial shares.



Asset performance in 2012: http://link.reuters.com/muc46s


2012 commodities returns: http://link.reuters.com/faz36s


^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>


U.S. HOLDS 2013 KEY


Goro Ohwada, president and CEO at Japan-based fund of hedge funds Aino Investment Corp, said investors were likely to focus on economic fundamentals and the United States for cues on investment direction in 2013.


"There is a feeling that an investment strategy based on economic fundamentals may finally work next year, with asset prices more closely reflecting fair value. The problem is, we don't know yet which asset is a better bet than others," Ohwada said, adding that oil and gold appeared to be near their highs.


Naohiro Niimura, a partner at research and consulting firm Market Risk Advisory, said commodities and energy prices will likely move in tight ranges in 2013, with investors eyeing political events, including the U.S. fiscal cliff outlook, Italian parliamentary election set for February 24-25, and Germany's elections in September.


"The macroeconomic policies taken this year around the world to support growth are expected to result in a moderate recovery in 2013 to reduce an excessive downside risk to prices. This will likely keep commodities, gold and energy prices near their highs," Niimura said.


(Additional reporting by Ayai Tomisawa in Tokyo; Editing by Edmund Klamann and Daniel Magnowski)



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Pagano back to coach Colts after cancer treatment


INDIANAPOLIS (AP) — Chuck Pagano stepped to the podium Monday, hugged his team owner, thanked his family for its support and wiped a tear from his eye.


He might, finally, turn out the lights in his office, too.


Nearly three months to the day after being diagnosed with leukemia, the Colts' first-year coach returned to a team eager to reunite with a boss healthy enough to go back to work.


"I told you my best day of my life was July 1, 1989," Pagano said, referring to his wedding date. "Today was No. 2. Getting to pull up, drive in, get out of my car, the key fob still worked. I was beginning to question whether it would or not. When I asked for Bruce to take over, I asked for him to kick some you-know-what and to do great. Damn Bruce, you had to go and win nine games? Tough act to follow. Tough act to follow. Best in the history of the NFL. That's what I have to come back to."


The comment turned tears into the laughter everyone expected on such a festive occasion.


For Pagano and the Colts, Monday morning was as precious as anyone could have imagined when Pagano took an indefinite leave to face the biggest opponent of his life, cancer.


In his absence, all the Colts was win nine of 12 games, make a historic turnaround and clinch a playoff spot all before Sunday's regular-season finale against Houston, which they pegged as the day they hoped to have Pagano back. If all goes well at practice this week, Pagano will be on the sideline for the first time since a Week 3 loss to Jacksonville.


Pagano endured three rounds of chemotherapy to put his cancer in remission.


That Pagano's return came less than 24 hours after Indy (10-5) locked up the No. 5 seed in the AFC and the day before Christmas seemed fitting, too.


"I know Chuck is ready for this challenge. In speaking to his doctor multiple times, I know that the time is right for him to grab the reins, get the head coaching cap on and begin the journey," owner Jim Irsay said. "It's been a miraculous story. It really is a book. It's a fairytale. It's a Hollywood script. It's all those things but it's real."


The reality is that he's returning to a vastly different team than the one he turned over to Arians, his long-time friend and first assistant coaching hire.


Back then, the Colts were 1-2 and most of the so-called experts had written them off as one of the league's worst teams. Now, they're ready to show the football world that they can be just as successful under Pagano as they were under Arians, who tied the NFL record for wins after a midseason coaching change.


Pagano also has changed.


The neatly-trimmed salt-and-pepper hair and trademark goatee that were missing in November have slowly returned, and the thinner man who appeared to be catching his breath during a postgame speech in early November, looked and sounded as good as ever Monday.


He repeatedly thanked fans for their prayers and letters, the organization and his family for their unwavering help and promised to provide comfort and support to other people who are facing similar fights. During one poignant moment that nearly brought out tears again, Pagano even recounted a letter sent to him by a 9-year-old child who suggested he suck on ice chips and strawberry Popsicles in the hospital and advised him to be nice to the nurses regardless of how he felt — and he never even paused.


"I feel great, my weight is back, my energy is back and again, it's just a blessing to be back here," Pagano said.


In the minds of Colts players and coaches, Pagano never really left.


He continually watched practice tape and game film on his computer, used phone calls and text messages to regularly communicate with players and occasionally delivered a pregame or postgame speech to his team.


"He texted me and called me so much, it was like he was standing there in my face every day," said receiver Reggie Wayne, who has been friends with Pagano since the two were working together at the University of Miami.


But the Colts found plenty of other ways to keep Pagano's battle in the forefront.


They began a fundraising campaign for leukemia research, calling it Chuckstrong. Players had stickers with the initials CP on their locker room nameplates, and Arians wore an orange ribbon on his baseball cap during games. Orange is the symbolic color for leukemia. At one point, nearly three dozen players shaved their heads to show their ailing coach they were with him.


That's not all.


Arians and first-year general manager Ryan Grigson decided to leave the lights on in Pagano's office until he returned. Pagano noted the team even installed plastic clips to make sure those lights were not mistakenly turned off while he was gone. Those clips were removed when Pagano arrived Monday morning.


And Arians said nobody sat in the front seat of the team bus.


"He's always been our head coach," Arians said.


So after getting medical clearance from his oncologist, Dr. Larry Cripe, to return with no restrictions, Pagano couldn't wait to get to the office Monday morning.


Arians arrived at 7 a.m., three hours early for the scheduled team meeting. By then, Pagano had already driven past the inflatable Colts player with the words "Welcome Back Chuck" printed on its chest and was back in his office preparing for the Texans.


Players showed up a couple of hours later, and when the torch was passed from Arians back to Pagano, players gave their returning coach a standing ovation that Wayne said was well-deserved.


All Pagano wants to do now is emulate the success Arians and his players have had this season.


"I asked him (Arians) if he would lead this team and this ballclub and this organization and take over the reins," Pagano said. "What a masterful, masterful job you did Bruce. You carried the torch and all you went out and did was win nine ballgames. You got us our 10th win yesterday and you got us into the playoffs. You did it with dignity and you did it with class. You're everything that I always knew you were and more."


___


Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL


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Utilities keeping eye on expected snow storm






OKLAHOMA CITY (AP) — Utility companies are watching and waiting as a Christmas Day storm is expected in Oklahoma and Arkansas.


The National Weather Service says 4 to 8 inches of snow is possible from western Oklahoma to the Arkansas state line and up to 10 inches could fall in the Ozark Mountains of northwest Arkansas.






Kathleen O’Shea with Oklahoma Gas and Electric — which has about 798,000 customers in Oklahoma and western Arkansas — says the utility is tracking the storm system to see where repair crews might be needed. Stan Whiteford with Public Service Company of Oklahoma — which has about 527,000 Oklahoma customers — says repair crews have been notified that they could be called.


Both say snow is not as big a threat as freezing rain or high winds to down power lines.


Weather News Headlines – Yahoo! News





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