Pending home sales match high set in 2007 on job creation, prices









Contracts to buy previously owned homes soared 5.2% in October, reaching a high set more than five years ago.


And index of so-called pending sales hit 104.8 last month, the same level reached in March 2007 and an improvement from 99.6 in September. The gauge is 13.2% above its year-earlier level, according to the National Assn. of Realtors.


At 100, the measure is considered healthy. Pending sales are usually seen as a forecast of finalized sales, which tend to come after a one or two month lag.





The index has risen year-over-year for the last 18 months straight, according to the trade group. The cause? Steady job creation, rising consumer confidence, record-low mortgage rates and a positive trend in home prices, according to NAR’s economists.


Contracts soared 15.6% in the Midwest from September to October and jumped 5.5% in the South. Hurricane Sandy caused a 0.1% dip in the Northeast, according to NAR, while squeezed inventory in the West resulted in a 1.1% slip.


On Wednesday, the government said new home sales dipped 0.3% last month, which dampened recent evidence of a strong housing rebound.


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Italian tax police probe Google Italy again












ROME (Reuters) – Italian police launched a new tax probe into Google Italy this week after earlier investigations found the group had failed to declare income and still owed sales tax, an economy ministry document showed on Wednesday.


The earlier probe, which was launched by Italian financial police in 2007, found that Google had developed a system to transfer profits from its Italian operations to Ireland so it could benefit from a more favorable tax regime.












The investigation is the Internet search giant’s latest entanglement with European tax authorities, following problems in France and Britain over its Irish strategy.


In Italy, investigations of the years 2002-2006 found that Google had failed to declare at least 240 million euros ($ 310 million) of income to authorities and owed more than 96 million euros in sales tax, according to the ministry’s response to questions in parliament.


It said police had launched a new probe on Monday to check the company was meeting its fiscal obligations in Italy.


Google said in a statement that it complies with tax law in every country in which it operates.


“We are confident we comply with Italian law,” a spokeswoman said, adding the firm would cooperate with authorities and answer any questions for the investigation.


Italian officials have stepped up tax surveillance and collection efforts in recent months as part of government efforts to bring Italy’s huge public debt under control.


Police have also been assessing the practices of other multinational online businesses who are managing to shift profits made in Italy into countries where they can pay less tax, the ministry said.


($ 1=0.7746 euros)


(Reporting By Danilo Masoni, Giuseppe Fonte and Catherine Hornby; Editing by Mike Nesbit)


Internet News Headlines – Yahoo! News


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Norquist: GOP concern over tax pledge just 'impure thoughts'









Grover Norquist on Wednesday rebuffed claims that his anti-tax crusade is losing steam, calling statements from prominent Republicans hinting at their departure from his anti-tax pledge "impure thoughts."

Norquist, president of Americans for Tax Reform, met with Politico’s Mike Allen to offer his thoughts on the looming “fiscal cliff,” and the growing narrative that Republicans, after years of tying themselves to ATR’s pledge not to raise taxes, may be ready to jump ship.


Most recently, Rep. Tom Cole (R-Okla.) said in a private meeting with the House Republican whip team Tuesday morning that Republicans should take the opportunity to extend President George W. Bush’s tax cuts for 98% of Americans, calling it an “early Christmas present” for taxpayers.


And on Sunday, Sen. Lindsay Graham (R-S.C.) and Rep. Peter King (R-N.Y.) joined Sen. Saxby Chambliss (R-Ga.) in voicing concern over continued adherence to Norquist’s pledge.





House Speaker John A. Boehner (R-Ohio) responded to Cole on Wednesday, saying that though Cole is a friend and supporter, he disagrees entirely with his stance. “The goal here is to grow the economy and control spending. You’re not going to grow the economy if you raise tax rates on the top two rates,” Boehner said.


Though Norquist commented that Cole’s recommendation was “an interesting tactic,” he remained firm that his pledge remains viable, saying that anyone suggesting that opposing tax increases is no longer in vogue is “an idiot.”


The pledge, Norquist claimed, “takes weasel words out” of campaign promises to cut taxes, and provides voters a clear picture of a candidate's stance, a stance he said the Republican Party has built its brand upon.


Norquist said that signing the pledge is about informing voters and entrenching a preexisting policy stance, instead of an oath of fealty to ATR and its champion cause.


“They don’t need my permission to raise taxes,” he said, adding that such power lies in the hands of voters.


And he dismissed claims that the pledge’s powers extend beyond the promises tied to its concise wording.


“It doesn’t solve all of the world’s problems; it doesn’t design tax reform,” Norquist said.


But Norquist did design a general road map for Republicans to use in fiscal cliff negotiations.


“You need to have this conversation in public, you need to be online so you can have the moral higher ground,” he said, recommending that the GOP aim for a temporary extension of Bush’s tax cuts, with comprehensive tax reform to follow soon after.


“If the Republicans lose in such a way that they have their fingerprints on the murder weapon, then you have a problem,” he said, adding that public debate over the fiscal cliff would allow Republicans a chance to turn the tide against President Obama and the Democrats, so long as they maintain “credible clarity” in espousing their low-tax vision.


Norquist said he worries about conceding any ground to Democrats on tax increases.


“What the Democrats do is trickle-down taxation,” he said. “They tax the rich and then they screw everybody.”


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After Sandy, Keys schedules Black Ball for Dec. 6

NEW YORK (AP) — Superstorm Sandy won't stop Alicia Keys from staging her annual Black Ball.

The singer said Wednesday the New York event will now be held Dec. 6. The fundraising gala for Keys' charity, Keep a Child Alive, was originally set for Nov. 1.

Black Ball REDUX will take place at Harlem's historic Apollo Theater. Honorees Oprah Winfrey and Beninese singer Angelique Kidjo will attend. Bonnie Raitt, Jennifer Hudson and Alabama Shakes' Brittany Howard will perform. Whoopi Goldberg will be the night's emcee.

Superstorm Sandy hit the New York area hard last month, killing dozens and causing billions of dollars in damage.

Keep a Child Alive assists people affected by HIV/AIDS in Africa and India.

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F.D.A. May Tap Experts on Energy Drinks


The Food and Drug Administration said in a letter released on Tuesday that it was likely to seek advice from outside experts to help determine whether energy drinks posed particular risks to teenagers or people with underlying health problems.


The letter appears to signal a change in the agency’s approach to the drinks, which contain high levels of caffeine.


Previously, F.D.A. officials have said that they were investigating possible risks posed by popular products like 5-Hour Energy, Monster Energy and Red Bull. But an agency spokeswoman, Shelly Burgess, said the new letter was the first time that the F.D.A. had said it might turn to outside experts.


The F.D.A. letter, which was released Tuesday by Senator Richard J. Durbin of Illinois and Senator Richard Blumenthal of Connecticut, follows disclosures that the agency received reports of 18 deaths and over 150 injuries that mentioned the possible involvement of energy drinks.


The filing of such reports with the F.D.A. does not prove that a product was responsible for a death or an injury. Energy drink makers have said their products are safe and were not responsible for the health problems.


The officials said a review of the drinks might be “greatly enhanced by also engaging specialized expertise” from an outside group, like the Institute of Medicine, which is part of the National Academy of Sciences.


Industry analysts said the letter indicated that the F.D.A. did not plan any immediate actions on energy drinks, an interpretation that set off a rally on Tuesday in the stock of Monster Beverage, the producer of Monster Energy. Company shares closed at $51.97, up over 13 percent. Any regulatory outcome is likely to be “benign,” Judy Hong, an analyst at Goldman Sachs, said in a note to investors, according to Bloomberg News.


In Canada, however, the use of an outside panel led to limits on caffeine levels in energy drinks.


In their letter, F.D.A. officials indicated that an outside review would focus on the possible risks posed by high levels of caffeine, a stimulant, to certain groups. They reiterated that daily consumption of significant levels of caffeine, which is found in products like coffee and tea, is safe.


“Areas of particular focus would include such matters as the vulnerability of certain populations to stimulants and the incidence and consequence of excessive consumption” of energy drinks, especially by young people, F.D.A. officials wrote.


In Canada, an expert panel made several recommendations, including arguing that such beverages be labeled “stimulant drug-containing drinks.”


Health Canada, that country’s counterpart to the F.D.A., did not adopt many of the group’s recommendations, but it has put in place new rules limiting caffeine levels in cans of energy drinks to 180 milligrams.


Some larger-size cans of energy drinks sold in the United States, like the 24-ounce can of Monster Energy and the 20-ounce can of Red Bull, have caffeine levels above that limit.


An eight-ounce cup of coffee, depending on how it is made, can contain from 100 to 150 milligrams of caffeine.


In the new letter, F.D.A. officials also said that studies that had examined other ingredients, like taurine, that are often used in energy drinks had determined those substances were safe. The agency also said that a survey suggested that energy drinks constitute a small portion of the caffeine consumed in this country, even by teenagers.


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Embattled hedge fund tells investors of looming SEC action













SAC founder


Steve Cohen is founder and head of the hedge fund SAC Capital Advisors.
(Ronda Churchill / Bloomberg via Getty Images)































































NEW YORK -- The hedge fund SAC Capital Advisors told investors it has received a notice of potential action by the U.S. Securities and Exchange Commission, according to a source familiar with the matter.


Looming civil action by the regulator would take direct aim at the $14-billion hedge fund after federal prosecutors accused one of its former portfolio managers -- Mathew Martoma, who worked at an SAC unit called CR Intrinsic Investors -- of taking part in history's most lucrative insider-trading scheme.


Prosecutors claim the scheme generated $276 million in profits and avoided losses for Martoma's fund. The illicit tips involved an Alzheimer's drug under development by two publicly traded drug companies.





Martoma was the latest former SAC employee to face insider-trading charges in the federal government's crackdown on Wall Street corruption.


Quiz: How much do you know about the 'fiscal cliff'?


The SEC's so-called Wells notice is a procedural step by which the agency informs targets of investigations it may take action.


While the source would not specify what claims the SEC might level, Bloomberg News reported the potential litigation could involve fraud claims stemming from Martoma's case. Bloomberg also reported the SEC indicated it might take action alleging a breakdown of the hedge fund's management and compliance system.


SAC hosted a conference call with investors Wednesday. The call was not open to the media.


Martoma's attorney has said he expected his client would be exonerated. The criminal case against him has been widely interpreted as an attempt by prosecutors to win Martoma's cooperation against Steven Cohen, who founded and runs SAC. But Cohen has not been accused of any wrongdoing and has said he acted appropriately.


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Google Breaks All Android App Reviews, Threatens Android Fans’ Safety












“A Google User” is now the number one Android game and app reviewer on Google Play, Android’s version of Apple’s App Store. That’s because every single one of the millions of existing reviews, possibly including yours, has had its author replaced with this nameless, faceless person.


Screenshots taken by Jeremiah Rice of the Android Police blog show this prolific (but completely generic) author has taken over the Google Play store. Meanwhile, if you visit the store on your Android smartphone or tablet you won’t see a name attached to most reviews at all; just the review’s title, and the device that the game or app was run on.












Believe it or not, this is all intentional. It’s the start of a new Google policy … one which may threaten some Android fans’ safety or privacy.


​Google+, whether you like it or not


Google now requires you to have a Google+ (pronounced “Google Plus”) account in order to leave reviews on Google Play, the Chrome Web Store, and Google Maps. No reason for the switchover is given in the pop-up which explains this; you simply click “Continue” if you want your reviews tied to your Google+ account, and if you don’t want them linked you don’t write them at all. If you don’t have a Google+ account, you have to sign up for one before you can write a review.


​Why Google is Plus-ifying everything


Google’s success as a company is determined by how many ads it sells. Google’s share of the ad market is being eaten into by Facebook, which has essentially “walled off” a huge part of people’s day-to-day lives in a place Google can’t index or sell any ads on. For better or for worse, Google’s execs feel that what they need to do to compete is copy Facebook, in the form of Google+.


Why? Because if everyone is “Plusing” things instead of “Liking” them, and if everything people do shows up on Google+ instead of Facebook, then now Google (instead of Facebook) knows what you’re doing online and where you’re doing it — and that gives it a much better position from which to display and sell ads.


​Why this is a problem for many


Besides the obvious privacy concerns (although Google offers limited tools to manage how much it tracks you), Google+’s “real names” policy is dangerous to anyone whose safety is jeopardized by attaching their given name to their online activities. This includes women who are victims of stalking, minors who are victims of abuse, transgender persons in transition, and dissidents in repressive political or religious regimes. By requiring a Google+ account to use more and more of its services, Google is forcing these people to choose between excluding themselves and running the risk of having ​all​ of their Google services terminated for a “real name” policy violation, including their personal Gmail accounts.


Google+ policy allows for pseudonymous accounts, if you’re widely known by that pseudonym online. Everyone’s Google+ page, however, has a button to report what anyone feels is a suspicious name, which puts marginalized persons like those listed above at the mercy of every “troll” who comes by.


Jared Spurbeck is an open-source software enthusiast, who uses an Android phone and an Ubuntu laptop PC. He has been writing about technology and electronics since 2008.
Wireless News Headlines – Yahoo! News


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Cyber Monday sales up 17% to nearly $2 billion, exceeding forecast









Cyber Monday online sales beat forecasts by nearly half a billion dollars.


ComScore on Monday predicted that Cyber Monday would generate $1.5 billion in online sales, but according to Adobe, the shopping day ended up raking in $1.98 billion, which was a 17% increase compared to last year.


That practically doubled online Black Friday sales, which topped $1 billion this year for the first time, according to ComScore.





Video chat: Finding deals on Cyber Monday


And if Cyber Monday's online sales weren't impressive enough, Adobe says that mobile shopping doubled from last year and accounted for 22% of Cyber Monday sales.


On the opposite end of that spectrum was social, which referred only a dismal 2% of total site visits on Cyber Monday. Even worse for Facebook and Twitter is the fact their number of referrals stayed the same as last year's, while Pinterest's referrals for the holiday grew 105%, accounting for 15% of social referrals.


As for what people were buying, Adobe said that toys and sporting goods led the way, followed by health and beauty. Home and auto was the third most selling category.


Adobe said you can follow its tracking of online holiday shopping with this tool, which keeps track of current sales and estimates how the rest of the holiday shopping days will fare.


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'Moonrise,' 'Silver Linings' lead Spirit Awards

LOS ANGELES (AP) — The oddball romances "Moonrise Kingdom" and "Silver Linings Playbook" picked up five nominations each Tuesday to lead the Spirit Awards honoring independent film.

Both films are competing for the best-picture prize at the Spirit Awards, one of Hollywood's first big announcements on the long road to the Oscars.

Also competing for best picture are the father-daughter tale "Beasts of the Southern Wild"; the black comedy "Bernie"; and the gay drama "Keep the Lights On."

"Silver Linings Playbook," a comic drama centered on a man just released from a mental hospital and a troubled young widow, earned lead-acting nominations for Bradley Cooper and Jennifer Lawrence. "Moonrise Kingdom," a first-love story between a precocious boy and girl who run away together, received a supporting-actor nomination for Bruce Willis.

The films each earned directing and screenplay slots for "Moonrise Kingdom" filmmaker Wes Anderson, who co-wrote the script with Roman Coppola, and "Silver Linings Playbook" filmmaker David O. Russell. "Moonrise Kingdom" also was nominated for cinematography.

Matthew McConaughey received two nominations, for best actor in "Killer Joe" and supporting actor in "Magic Mike." Past Academy Award winner Helen Hunt has a supporting-actress nomination for "The Sessions." Child star Quvenzhane Wallis, who had never acted before, has a best-actress nomination for "Beasts of the Southern Wild."

Among other acting nominees are Jack Black (best actor for "Bernie"); John Hawkes (best actor for "The Sessions"); Rosemarie DeWitt (supporting actress for "Your Sister's Sister"); Michael Pena (supporting actor for "End of Watch"); Sam Rockwell (supporting actor for "Seven Psychopaths"); and Mary Elizabeth Winstead (best actress for "Smashed").

Joining Anderson and Russell in the directing category are Julia Loktev for "The Loneliest Planet," Ira Sachs for "Keep the Lights On" and Benh Zeitlin for "Beasts of the Southern Wild," which won the top prize at last January's Sundance Film Festival.

Though the Spirit Awards honor lower-budgeted film outside the Hollywood mainstream, the nominations often overlap heavily with Oscar contenders. Last season's big Oscar winner, "The Artist," also won the top prize at the Spirit Awards, while films such as "The Descendants," ''Beginners" and "My Week with Marilyn" had wins or nominations at both shows.

The overlap may be lighter this season, with big-budget studio films such as "Les Miserables," ''Lincoln" and "Argo" shaping up as early favorites to dominate the Oscars, whose nominations come out Jan. 10.

But "Silver Linings Playbook," ''Moonrise Kingdom," ''Beasts of the Southern Wild," ''The Sessions" and other smaller films have solid prospects in some Oscar categories.

Presented by the cinema group Film Independent, the Spirit Awards will be handed out at an afternoon ceremony along the beach in Santa Monica, Calif., on Feb. 23, the day before the Oscars. The Spirit Awards show will air that night on IFC.

Nominees are chosen by panels of film professionals, which gauge contenders on such criteria as uniqueness of vision; original, provocative subject matter; how economically they were produced; and percentage of financing from independent, non-Hollywood sources. Eligible films typically range from tiny-budgeted movies shot for $500,000 or less to productions that cost as much as $20 million.

Members of Film Independent, including filmmakers and movie fans, are eligible to vote on the winners.

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Books: Woe Is Syphilis, and Other Afflictions of Famous Writers





The old Irishman was a swollen, wheezing mess, blood pressure wildly out of control, kidneys failing, heart fibrillating. “What we have here,” said his new Spanish doctor, “is an antique cardiorenal sclerotic of advanced years.”




In fact, what the doctor had there was William Butler Yeats: the poet had a long list of chronic medical problems and experienced one of his regular cardiac crises while wintering in Spain. He still had three poetically productive years ahead of him before he died of heart failure in 1939, at age 73.


What makes antique case histories like Yeats’s so compelling to research, so interesting to read? Admittedly, they have educational value — medicine moves forward by looking back — but their major attraction is undoubtedly the operatic vigor of their emotional punch. As we contemplate the poor health of historic notables, we can sigh gustily at the immense suffering our ancestors considered routine, wince at the lunatic treatments they so innocently underwent, and marvel over and over again that the body, the brain and the mind can take such divergent paths.


These pleasures are present in abundance in the newest addition to the genre of medical biography, “Shakespeare’s Tremor and Orwell’s Cough.” Dr. John J. Ross, a Harvard physician, writes that he stumbled into the field by accident while trying to enliven a lecture on syphilis with a few literary references. The discovery that Shakespeare was apparently obsessed with syphilis (and suspiciously familiar with its symptoms) hooked Dr. Ross.


The resulting collection of 10 medico-literary biographical sketches ranges from the tubercular Brontës, whose every moist cough is familiar to their fans, to figures like Nathaniel Hawthorne, whose medical stories are considerably less familiar.


Dr. Ross’s discussion of Shakespeare is unique in the collection for its paucity of relevant data: so few details are known of the playwright’s life, let alone his health, that all commentary is necessarily supposition. Dr. Ross is not the first to note that references to syphilis are “more abundant, intrusive and clinically exact” in Shakespeare’s works than those of his contemporaries. This observation, along with the apparent deterioration of Shakespeare’s handwriting in his last years, leads to the hypothesis that Shakespeare had syphilis repeatedly as a young man, and wound up suffering more from treatment than disease.


The Elizabethans dosed syphilis with a combination of hot baths (treating the disease by raising body temperature endured into the 20th century), cathartics and lavish quantities of mercury. The drooling that accompanies mercury poisoning was considered a sign of excellent therapeutic progress, Dr. Ross writes: “Savvy physicians adjusted the mercury dose to produce three pints of saliva a day for two weeks.”


And so, when Shakespeare signed his will a month before he died with a shaky hand, was his tremor not possibly a sign of residual nerve damage from the mercury doses of his sybaritic youth? No amount of scholarship is likely to confirm this theory, but details of the argument are gripping and instructive nonetheless.


The story of the blind poet John Milton runs for a while along similar lines. Much is known about the long deterioration of Milton’s vision and other particulars of his delicate health, but Dr. Ross observes that many of his problems seem to have cleared up once he actually became blind. Was he vigorously medicating himself with lead-based nostrums in hopes of forestalling what Dr. Ross argues was probably progressive retinal detachment, then recovering from lead poisoning once his vision was irretrievably gone? Another intriguing if unanswerable question.


Just as the competing injuries of disease and treatment battered the luminaries of English and American literature, so did pervasive mental illness.


Jonathan Swift was a classic obsessive-compulsive long before he succumbed to frontotemporal dementia (Pick’s disease). Poor Hawthorne, so forceful on the page, was in person a tortured shrinking violet, the embodiment of social phobia and depression. Emily Brontë’s behavior was strongly suggestive of Asperger syndrome; Herman Melville was clearly bipolar; Ezra Pound was just nuts.


Yet they all wrote on, despite continual psychic and physical torments. Perhaps the thickest medical chart of all belongs to Jack London, who survived several dramatic episodes of scurvy while prospecting in the Klondike (he was treated with raw potatoes, a can of tomatoes and a single lemon), then accumulated a long list of other medical problems before killing himself (inadvertently, Dr. Ross argues) with an overdose of morphine from his personal and very capacious medicine chest.


Dr. Ross has not written a perfect book. The fictionalized scenes he creates between some of his subjects and their medical providers should all have been excised by a kindly editorial hand, which might also have addressed more than a few grammatical errors. Frequent leaps from descriptive to didactic mode as Dr. Ross updates the reader on various medical conditions can be jarring, like PowerPoint slides suddenly deployed in a poetry reading. True literary scholars might dismiss the book as lit crit lite, a hodgepodge of known facts culled from the usual secondary sources.


But all these caveats fade into the background when Dr. Ross hits his narrative stride, as he does in chapter after chapter. Then the stories of the wounded storytellers unfold smoothly on the page, as mesmerizing as any they themselves might have told, those squinting, wheezing, arthritic, infected, demented, defective yet superlative examples of the human condition.


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