University of Cape Coast awards its retirees

Cape Coast, Dec, 25, GNA - The University of Cape Coast (UCC) on Wednesday honoured retired workers including 24 junior staff, 17 senior staff, and 12 senior members.

They were presented with sets of living room furniture and deep freezers for their meritorious service to the University.

Professor Naana Jane Opoku Agyemang, Vice Chancellor of UCC, said that the awards were to motivate active workers to work harder.

She commended the retirees for making strides in various fields to lift the image of the university.

Reverend Professor Emmanuel Adow Obeng, immediate past Vice Chancellor of UCC, on behalf of the retirees, expressed gratitude to the University and staff for the awards.

He said though most of the retirees joined the UCC when it was not financially sound, they worked hard to sustain the university.

GNA

Source: http://www.modernghana.com/news/368968/1/university-of-cape-coast-awards-its-retirees.html

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German business morale rises, defies euro zone gloom (Reuters)

BERLIN (Reuters) ? German business sentiment rose sharply in December, defying expectations for a decline and underscoring the resilience of Europe's dominant economy in the face of a sovereign debt crisis that has hammered euro zone growth.

The Munich-based Ifo think tank said on Tuesday that its business climate index, based on a monthly survey of some 7,000 companies, rose to 107.2 in December from 106.6 in November, posting its biggest monthly rise since February.

It was the second rise in a row after an equally surprising gain in November. Economists surveyed by Reuters had forecast a drop to 106.1.

Analysts welcomed the rise but took care not to overplay its significance, particularly in the wake of recent downbeat German export and manufacturing data, and amid continuing downward revisions to 2012 economic growth forecasts.

"The small rise in the December's Ifo index is a welcome surprise but hardly transforms the outlook for the economy," said economist Jonathan Loynes at Capital Economics.

"All of the indices are still sharply down on their summer readings ... Overall, there is some encouragement here that the German economy is not currently plunging into recession, but the picture is one of very weak growth at best," he added.

News of the data helped the under-pressure euro strengthen to $1.3125. It also spurred a rebound in European stocks, following a slide of 4.3 percent over the last fortnight.

"The German economy seems to be successfully countering the downturn in Western Europe. This bodes well for Christmas," Ifo President Hans-Werner Sinn said in a statement.

SLOWDOWN, BUT NO SLUMP?

The survey's coordinator, Klaus Abberger, noted the business climate in retailing and domestic construction had improved.

"At the moment I don't think we (Germany) will fall into recession again," he said.

The business expectations sub-index proved particularly strong, rising to 98.4 from a previous 97.3, the biggest gain since July 2010, and well in excess of a forecast for 97.0.

The figures dovetailed with data from the GfK institute released earlier on Tuesday showing consumer morale held steady going into January, bucking expectations for a fall, as income expectations and views of the economy improved.

Domestic demand helped the German economy grow a healthy 0.5 percent in the third quarter, but investor morale has since soured as a convincing solution to the euro zone debt crisis remains elusive, fuelling expectations of a slowdown going into the new year and depriving the euro zone of its key growth motor.

Three think tanks cut their 2012 forecasts for German GDP on Tuesday, with the IMK becoming the first major institute to predict a recession for Europe's bulwark economy.

"The main reason for the drastic economic slowdown remains now, as before, the unresolved confidence crisis in the euro zone and the high-profile austerity programs in ever more euro zone and European Union countries," the IMK institute said.

Concerns over Germany's ability to weather the crisis were underlined earlier this month, when a survey showed German manufacturing contracted for a third straight month in December and exports posted their biggest fall in October in half a year.

A survey by insurer Allianz published on Tuesday also gave a negative slant, showing that only 32 percent of those asked in the fourth quarter expressed confidence about the economy in 2012, down 11 percentage points from a year ago.

Confidence had been rattled by the debt crisis and the current economic climate, the study said.

Analyst Rainer Sartoris at HSBC Trinkaus called the Ifo index "a forgiving end to the year."

"The numbers show confidence that the German economy will not collapse. The first and second quarters of 2012 will be weak, but we expect the German economy to pick up in the course of the year."

(Reporting by Berlin bureau; Writing by Alexandra Hudson; Editing by John Stonestreet)

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/nm/20111220/bs_nm/us_germany_ifo

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Donald Trump is Out -- Today is a Great Day for Republicans (ContributorNetwork)

COMMENTARY | Donald Trump has decided to step down as the moderator of the Dec. 27 Republican debate, according to Fox News. As a political consultant, I see this as one of the most momentous days of the year for Republicans. A major crisis has been averted, and the GOP can finally focus on President Barack Obama and not Trump.

Trump has done everything he can to insert himself into politics this year. We all remember how the political world was held hostage over the reality star's exploration of political aspirations, which ended when he continued to harp on the birther argument. After that plan failed, he began to meet with each of the Republican candidates as if he were the "Conservative Godfather." His latest attempt was to moderate the Newsmax debate.

What was being referred to as "Trump's Debate" was less about having the candidates explain their ideas and ideals to the American people and more about kissing up to the rich man moderating. This debate would decide who would get The Donald's backing. At least most of the candidates realized the circus atmosphere involved and declined to participate.

Now that he has backed out himself, the Republicans can stop focusing on the man in the tower they think they need to impress and focus on the man in the White House they have to beat. Trump was a distraction to the final goal and was doing more damage to the party as a whole than adding anything to any particular candidate. The one-man "Occupy GOP" movement appears to be over.

Of course, like the attention-demanding man he is, he dealt one more potential blow before completely going away. Trump continues the thought he might run for the presidency if he does not like the candidate getting the Republican nod. He gives one more strike to shake up the party he claims to be a part of since logic would dictate how an extra conservative person on the ticket would take votes from the Republicans and help President Obama.

With the Trump Debate officially out of the way, Republicans can battle about how they would improve the party. They can argue over how they could improve the economy and set the country straight. They can give points explaining how they would defeat President Obama instead of debating which out would make a better lap dog for the real estate mogul.

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/ac/20111213/pl_ac/10672963_donald_trump_is_out__today_is_a_great_day_for_republicans

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GOP embraces showdown over oil pipeline, tax cuts (AP)

WASHINGTON ? Sensing a political opening, congressional Republicans are moving toward a high-stakes showdown with President Barack Obama over a plan to link fast-tracked approval of an oil pipeline to a measure renewing a payroll tax cut.

Senate Minority Leader Mitch McConnell, R-Ky., said the proposed Keystone XL pipeline from Canada to Texas will help the president achieve his top priority ? creating jobs ? without costing a dime of taxpayer money.

"There is no reason this legislation shouldn't have the president's enthusiastic support," McConnell said Monday on the Senate floor. "The only reason for Democrats to oppose this job-creating bill would be to gain some political advantage at a time when every one of them says job creation is a top priority."

The State Department said last month it was postponing a decision on the pipeline until after next year's election. Officials said the delay is needed to study routes that avoid environmentally sensitive areas of Nebraska.

The GOP language would require approval of the pipeline within two months unless Obama declares it is not in the national interest.

The State Department warned Monday the congressional interference in the approval process would likely lead to a rejection of the pipeline. The State Department has authority over the project because it crosses an international border.

"Should Congress impose an arbitrary deadline for the permit decision, its actions would not only compromise the process, it would prohibit the department from acting consistently with National Environmental Policy Act requirements by not allowing sufficient time" for the project to be considered, the State Department said in a statement.

In that case, "the department would be unable to make a determination to issue a permit for this project," the statement added.

McConnell and other Republicans dismiss such procedural objections.

"The only thing arbitrary about this decision is the decision by the president to say, `Well, let's wait until after the next election,'" said House Speaker John Boehner, R-Ohio.

Boehner and other Republicans say many Democrats support the pipeline, noting that 47 House Democrats voted in a favor a bill this summer to speed up the permitting process. GOP lawmakers say the White House opposes the pipeline provision in the tax bill so Democrats can gain political advantage by blaming Republicans for defeating the popular payroll tax cut. The tax bill is expected on the House floor Tuesday.

The two parties generally agree on the bill's fundamentals: preventing the Jan. 1 expiration of payroll tax cuts and extending coverage for the long-term unemployed. Obama has said he will reject the overall bill if it includes language speeding up approval of the Keystone XL pipeline, which would carry oil from western Canada to refineries in Texas.

Obama's threat has increased conservative support for the overall measure, with Republicans hoping to use Obama's opposition to portray him as favoring environmentalists over jobs.

Rep. Lee Terry, R-Neb., called the Keystone XL project crucial to getting thousands of people back to work.

"This is an important jobs and energy security bill which just makes plain sense," said Terry, author of the pipeline provision. "The American people want us to stop buying Venezuelan oil. The Keystone pipeline is a key component to making that happen."

Environmental groups, who celebrated the administration's announcement of a delay in the Keystone project last month, accused Republicans of forcing a premature judgment on the pipeline in order to curry favor with the oil industry.

"To get their way, House Republicans ? with some support in the Senate ? are even willing to block the much-needed extension of the middle-class tax cut," said Suzanne Struglinski of the Natural Resources Defense Council, an environmental group.

Struglinski called the pipeline push a "fool's errand" because of Obama's threat to reject the measure, and said its likely inclusion in the House bill showed that House leaders have embraced the "extreme agenda" pushed by the tea party.

Senate Majority Leader Harry Reid, D-Nev., said last week that House leaders were wasting time, because the Keystone provision will not pass the Democratic-controlled Senate.

The State Department decided last month to delay the project until 2013, to allow the project's developer to figure out a way around Nebraska's Sandhills, an ecologically sensitive region that includes an aquifer that supplies water to eight states.

___

Follow Matthew Daly's energy coverage at http://twitter.com/MatthewDalyWDC

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/ap/20111213/ap_on_go_co/us_oil_pipeline

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Begging to Be the Cain Voters' Second Choice (The Atlantic Wire)

Three hundred Herman Cain fans released a collective disappointed?"awww" when their guy announced he was suspending his campaign, and now the race is on to see who can?make those sad people smile again.?Both Michele Bachmann and Rick Perry have made explicit appeals to be Cain voters' second choice. Given the Republican primary's several Not Mitt Romney boomlets, that means they're really asking to be the fourth choice of anti-Romney voters, with Bachmann having been the first choice and Perry the second before they were abandoned for the comparatively less gaffe-prone Cain. So far, it looks like Newt Gingrich is the No. 1 No. 2 pick.

Related: GOP Debate to Lead the Free World

Perry posted a letter?to Cain's voters on his website Monday,?saying, "Herman Cain?s appeal was that of a Washington Outsider ? someone not beholden to the entrenched Beltway interests, and who hasn?t spent his life cutting deals at the expense of conservative principles.?As the race goes forward, with the Iowa Caucuses 32 days away, I am truly the only Washington Outsider left in the race." But former New Hampshire Republican Party chairman Fergus Cullen told the?Houston Chronicle, ?It?s too late for Perry...?He?s just not seen as a credible option for voters looking for a new home. Even those who want to like Perry based on his positions or his Texas record can?t do it because he?s been such an incompetent candidate.?

Related: First GOP Debate with Recognizable Candidates Will Be on June 13

The New York Times'?Susan Saulny?spoke to Jeff Jorgensen, the Republican chairman in Pottawattamie County, who floated Bachmann's name in his work "to stop the steamrolling Romney machine."?As?The Hill?notes, Bachmann said Sunday that Tea Partiers would "come home" to her candidacy because "I think they see my voice will be most reflective of his."?The?Des Moines Register's?Jennifer Jacobs?reports that in her paper's last poll including Cain, he got 8 percent -- and that Bachmann, Romney, Perry, and Ron Paul were the second choice among enough Cain voters to take one of his percentage points each. Gingrich, on the other hand, got three.?

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/atlantic/20111205/pl_atlantic/beggingbecainvoterssecondchoice45746

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Gingrich leads, but Paul most likely to beat Obama in latest Iowa poll (Daily Caller)

With less than a month before the Iowa caucus, GOP presidential candidate and former Speaker of the?House Newt Gingrich has surged into the lead, but Texas Rep. Ron Paul is the only Republican candidate who could best President Obama, a new Iowa poll says.

According to the latest NBC/Marist poll, Gingrich is the first choice among 26 percent of Republican caucus-goers, followed by former Massachusetts Gov. Mitt Romney with 18 percent and Paul with 17 percent.

The poll represents a dramatic shift in the race. In October, Romney led the field in Iowa with 26 percent, while Gingrich only received a paltry 5 percent of the vote.

With Herman Cain?s announcement on Saturday?that he would suspend his campaign, the NBC/Marist poll predicted that Gingrich?s support will increase to to 28 percent, while Romney and Paul tie at 19 percent.

?As the roller coaster picks up speed in the month leading up to the Iowa caucus, Newt?Gingrich has moved into the lead car,? said Dr. Lee M. Miringoff, director of The Marist?College Institute for Public Opinion, in a statement. ?Hold on tight for any further twists and turns.?

However, the poll also says Paul is the candidate best suited to face Obama in an election.

Against Paul, 42 percent of registered voters in Iowa support Obama and the same number ? 43 percent ? support Paul. Paul?s popularity among independents could be a crucial advantage. Paul leads Obama 42 percent to 35 percent among independent voters, according to the poll, and he also attracts 15% of Iowa?s Democrats. Not to mention that 16 percent of voters were undecided.

Against the rest of the field, Obama wins a hypothetical race handily.

Obama leads Gingrich by a 10-point spread in a hypothetical contest, garnering 47 percent of the vote to Gingrich?s 37 percent, with 16 percent undecided.

In a matchup against Romney, the president has a seven point lead: 46 percent to Romney?s 39 percent.

Follow CJ on Twitter

Read more stories from The Daily Caller

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Gingrich predicted he would win GOP nomination back in March 2011

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Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/dailycaller/20111205/pl_dailycaller/gingrichleadsbutpaulmostlikelytobeatobamainlatestiowapoll

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[OOC] Brotherly Treason

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Crapgadget: iStation woos Apple romantics with the glory of the late '70s, fails

Some people buy tablets for their portability and convenience. Others get sucked into the pitfalls of gadget lust, snatching up the latest tech. But for the dedicated fanboy, there's a whole world of unnecessary kitsch just waiting to relieve'em of those hard-earned greenbacks. Enter M.I.C.'s iStation: an iOS dock in sorta, kinda Apple I / II clothing (their claim, not ours) that's ready and willing to cash in on your tech industry nostalgia. Alright, so this $85 setup won't exactly ape those Jobs / Woz lovechildren of the late '70s, but it does pack stereo speakers, a subwoofer, Bluetooth keyboard, USB port, microSD card slot and a 3.5mm headphone jack into its wood-paneling. Feeling spendthrifty? Good, then you can fork over the dough at the source below. Or, if you still need convincing, peep the video after the break and soak up the heavenly choral music.

Continue reading Crapgadget: iStation woos Apple romantics with the glory of the late '70s, fails

Crapgadget: iStation woos Apple romantics with the glory of the late '70s, fails originally appeared on Engadget on Thu, 01 Dec 2011 08:37:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2011/12/01/crapgadget-istation-woos-apple-romantics-with-the-glory-of-the/

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Kris Humphries: Marriage to Kim Kardashian Was a "Fraud"

When Kim Kardashian filed for divorce from Kris Humphries after a blink-and-you-missed-it 72-day marriage, it wasn't completely shocking that the media immediately intimated that perhaps the quickie wedding and split were staged for the benefit of reality TV. What is surprising, however, is that Humphries himself is now claiming the whole thing was a sham.

Source: http://www.ivillage.com/kris-humphries-kim-kardashian-marriage-fraud-annulment/1-a-407003?dst=iv%3AiVillage%3Akris-humphries-kim-kardashian-marriage-fraud-annulment-407003

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Highlights from the Fed's latest economic survey (AP)

WASHINGTON ? The economy expanded at a slow to moderate pace in most areas of the country over the past two months, but hiring was weak, according to a Federal Reserve survey released Wednesday.

The survey, known as the Beige Book, is based on anecdotal information from the Fed's 12 regional banks. The report is based on information collected before Nov. 18.

Here are some highlights:

BOSTON (includes Maine, Vermont, Massachusetts, New Hampshire, Rhode Island and part of Connecticut):

Businesses reported revenue increases but an uncertain outlook. Software and information technology service companies reported strong demand. Real estate markets remained weak.

NEW YORK (includes New York and parts of Connecticut and New Jersey):

The economy is still growing slowly. Manufacturers report business conditions are stable but they plan to add workers in coming months. Consumer spending is expanding at a moderate pace.

PHILADELPHIA (includes Delaware and parts of Pennsylvania and New Jersey):

Business activity has returned to a path of slow overall growth. An early-season snowstorm caused widespread utility outages but boosted consumer demand for winter clothing.

CLEVELAND (includes Ohio, Kentucky and parts of Pennsylvania and West Virginia):

Business activity expanded at a modest pace. Retail sales picked up slightly. Auto dealers reported good sales for new and used vehicles.

RICHMOND (includes Virginia, Maryland, North Carolina, South Carolina, Washington, D.C., and part of West Virginia):

Business activity was slightly improved. There were more upbeat reports from retail sales and tourism. Farmers reported good harvests.

ATLANTA (includes Georgia, Alabama, Florida and parts of Louisiana, Mississippi and Tennessee):

The economy expanded at a modest pace. Most retailers noted sluggish growth in sales. Auto dealers reported robust sales. Tourism remained a bright spot.

CHICAGO (includes Iowa, Wisconsin, Michigan and parts of Illinois and Indiana):

The pace of activity moderated in October and early November. Business contacts remained cautiously optimistic. Consumer spending increased and manufacturing output increased while business spending held steady.

ST. LOUIS (Includes Missouri, Arkansas and Kentucky, and parts of Illinois, Indiana, Tennessee and Mississippi):

Economic activity slowed since the last survey. Manufacturing declined and retail sales were down slightly over year-ago levels. Housing continued to decline.

MINNEAPOLIS (includes Montana, North Dakota, South Dakota, Minnesota and parts of Wisconsin and Michigan):

The economy grew moderately with strong growth in the agriculture, energy and mining. There was modest to moderate growth in consumer spending, tourism and construction.

KANSAS CITY (includes Wyoming, Nebraska, Colorado, Kansas, Oklahoma and parts of Missouri and New Mexico):

Growth edged higher but still remained moderate. Consumer spending improved further and manufacturing rose modestly. High-tech and energy firms reported strong growth. Agricultural activity was mixed due to drought conditions.

DALLAS (includes Texas and parts of New Mexico and Louisiana):

The economy grew at a modest pace with growth in retail sales moderating. The energy industry continued to expand at a robust pace while agricultural conditions remained weak due to a severe drought.

SAN FRANCISCO (includes California, Washington, Oregon, Idaho, Nevada, Utah, Arizona, Hawaii and Alaska):

Growth continued at a moderate pace with modest gains in demand for business and consumer services. Price increases were limited and wage growth remained weak.

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20111130/ap_on_bi_ge/us_beige_book_regions

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