What Football Game? Beyoncé Rocks the Superdome in Leather & Lace







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02/03/2013 at 09:06 PM ET













One thing was certain going into Super Bowl XLVII: Beyoncé was going to put on a killer halftime show, and she was going to look amazing doing it. And if she practiced until her feet bled, there was no sign of it as she danced in her towering heels.


To strut out onstage during ‘Crazy In Love,’ the star wore an uncharacteristically demure belted lamé mini with wide lapels, but she quickly tore it away to reveal a leather bodysuit with a black lace skirt worn over her signature fishnets. She completed the look with thigh-highs and sexy black booties.


Destiny’s Child fans missing the trio’s epic matching outfits were given a treat when Kelly Rowland and Michelle Williams proved the rumors true, joining Beyoncé onstage for a medley that included ‘Bootylicious’ and ‘Single Ladies.’ Their costumes echoed Bey’s: Rowland wore a revealing V-neck Emilio Pucci bodysuit, while Williams was glam in a tough-girl ribbed leather mini.




And to ensure that Beyoncé’s hair was supremely whip-able (as demonstrated during ‘Baby Boy’ and ‘Halo’), stylist Kim Kimble gave her a “soft glam” look by curling it, then brushing out the curls and smoothing them with Kimble Hair Care Brazilian Nut and Acai serum. She sprayed it with L’Oréal’s classic Elnett hairspray to ensure it wouldn’t budge no matter what the superstar put it through.

Tell us: What did you think of Beyoncé’s Super Bowl outfit — and the Destiny’s Child reunion looks?

–Alex Apatoff

PHOTOS: VOTE ON MORE STAR STYLE HERE!




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Bullying study: It does get better for gay teens


CHICAGO (AP) — It really does get better for gay and bisexual teens when it comes to being bullied, although young gay men have it worse than their lesbian peers, according to the first long-term scientific evidence on how the problem changes over time.


The seven-year study involved more than 4,000 teens in England who were questioned yearly through 2010, until they were 19 and 20 years old. At the start, just over half of the 187 gay, lesbian and bisexual teens said they had been bullied; by 2010 that dropped to 9 percent of gay and bisexual boys and 6 percent of lesbian and bisexual girls.


The researchers said the same results likely would be found in the United States.


In both countries, a "sea change" in cultural acceptance of gays and growing intolerance for bullying occurred during the study years, which partly explains the results, said study co-author Ian Rivers, a psychologist and professor of human development at Brunel University in London.


That includes a government mandate in England that schools work to prevent bullying, and changes in the United States permitting same-sex marriage in several states.


In 2010, syndicated columnist Dan Savage launched the "It Gets Better" video project to encourage bullied gay teens. It was prompted by widely publicized suicides of young gays, and includes videos from politicians and celebrities.


"Bullying tends to decline with age regardless of sexual orientation and gender," and the study confirms that, said co-author Joseph Robinson, a researcher and assistant professor of educational psychology at the University of Illinois in Urbana-Champaign. "In absolute terms, this would suggest that yes, it gets better."


The study appears online Monday in the journal Pediatrics.


Eliza Byard, executive director of the Gay, Lesbian & Straight Education Network, said the results mirror surveys by her anti-bullying advocacy group that show bullying is more common in U.S. middle schools than in high schools.


But the researchers said their results show the situation is more nuanced for young gay men.


In the first years of the study, gay boys and girls were almost twice as likely to be bullied as their straight peers. By the last year, bullying dropped overall and was at about the same level for lesbians and straight girls. But the difference between men got worse by ages 19 and 20, with gay young men almost four times more likely than their straight peers to be bullied.


The mixed results for young gay men may reflect the fact that masculine tendencies in girls and women are more culturally acceptable than femininity in boys and men, Robinson said.


Savage, who was not involved in the study, agreed.


"A lot of the disgust that people feel when you bring up homosexuality ... centers around gay male sexuality," Savage said. "There's more of a comfort level" around gay women, he said.


Kendall Johnson, 21, a junior theater major at the University of Illinois, said he was bullied for being gay in high school, mostly when he brought boyfriends to school dances or football games.


"One year at prom, I had a guy tell us that we were disgusting and he didn't want to see us dancing anymore," Johnson said. A football player and the president of the drama club intervened on his behalf, he recalled.


Johnson hasn't been bullied in college, but he said that's partly because he hangs out with the theater crowd and avoids the fraternity scene. Still, he agreed, that it generally gets better for gays as they mature.


"As you grow older, you become more accepting of yourself," Johnson said.


___


Online:


Pediatrics: http://www.pediatrics.org


It Gets Better: http://www.itgetsbetter.org


___


AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com/LindseyTanner


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Asian shares advance after U.S. jobs, ISM

TOKYO (Reuters) - Asian shares advanced on Monday, drawing momentum from U.S. data showing some promise of a credible recovery, supported by Federal Reserve's easing plans and solid manufacturing data from Europe and China.


The yen took a break from heavy selling against the U.S. dollar and the euro, but fell to its lowest since August 2008 against the Australian and New Zealand dollars early on Monday on confidence of bold monetary support from the Bank of Japan to overcome the country's stubborn deflation.


The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> rose 0.6 percent after posting a weekly gain of 0.7 percent.


"Asian shares are likely to take the cues from the rise in U.S. equities and prices of risk assets are generally expected to face upward pressures," said Naohiro Niimura, a partner at research and consulting firm Market Risk Advisory.


The Dow Jones industrial average <.dji> rose to 14,000 for the first time since October 2007 and the Standard & Poor's 500 Index <.spx> hit its highest point since December of that year.


U.S. data showed on Friday payrolls rose by 157,000 last month, with upward revisions for November and December, while the Institute for Supply Management said its index of national factory activity rose to its highest since April.


China followed with positive news over the weekend, saying growth in its official purchasing managers' index (PMI) for the non-manufacturing sector ticked up in January for the fourth straight monthly rise, confirming the world's second-largest economy was showing a modest recovery.


Resources-reliant Australian shares <.axjo> steadied after jumping 0.9 percent to a 21-month high on Friday. Positive economic news from China, Australia's largest export destination, usually boosts Australian investor sentiment.


South Korean shares <.ks11> were up 0.3 percent while Hong Kong shares <.hsi> added 0.7 percent.


NIKKEI MAY BE PEAKING


Japan's benchmark Nikkei stock average <.n225> rose 0.5 percent after climbing to a fresh 33-month high earlier as the yen declined. The index logged its 12th straight week of increases last week, the longest run of weekly gains since 1959. <.t/>


Nikkei has been moving in tandem with the yen's two-month-long losing streak with investors eyeing the change in the BOJ's top personnel in April for clues on the degree of the bank's reflationary policy.


"The Nikkei may be nearing its peak for now as we may get a specific name of the most likely candidate for the next BOJ governor soon. That may provide an opportunity to close long dollar/yen positions, while a firming yen will then likely spur investors to book profits on Japanese stocks," said Tetsuro Ii, the chief executive of Commons Asset Management.


The dollar eased 0.1 percent to 92.72 yen after scaling its highest since May 2010 of 92.97 on Friday, while the euro fell 0.3 percent to 126.32 yen, still near its loftiest since April 2010 of 126.97 touched on Friday.


In early Monday trade, the yen plunged to its lowest since August 2008 against both the Australian dollar, at 96.78 yen, and against the New Zealand dollar at 78.74 yen.


The euro inched down 0.1 percent to $1.3624, off Friday's 14-1/2-month peak of $1.3711 hit after data showed euro zone factories had their best month in January in nearly a year.


On Friday, the dollar index measured against a basket of key currencies fell to a 4-1/2-month low of 78.918 <.dxy>. The index was up 0.2 percent on Monday.


As economic optimism rose and concerns about the euro zone's debt difficulties eased, investors took on more risk.


Research provider TrimTabs Investment Research said on Saturday investors poured a record $77.4 billion in new cash into stock mutual funds and exchange-traded funds in January, surpassing the previous monthly record of $53.7 billion in February 2000.


In the oil market, tension across the Middle East put Brent crude on track to its biggest weekly gain since mid-November, and U.S. crude rose for an eighth straight week, although it eased 0.2 percent to $97.56 a barrel on Monday.


With the rise in equities on recovering appetite for riskier assets, safe-haven appeal waned, pushing up yields of U.S. Treasury bonds. The U.S. 10-year Treasury yield hit a nine-month high of 2.052 percent in Asia on Monday.


A weekly gauge of sentiment in the Japanese government bond market deteriorated sharply, remaining in negative territory for a fifth straight week as rising global appetite for risk sapped demand for bonds, the latest Reuters poll showed on Monday.


(Editing by Eric Meijer)



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Al-Qaida-Linked Militants Free 2 Filipino Hostages







MANILA, Philippines (AP) — Abu Sayyaf gunmen have freed two Filipino members of a Jordanian TV journalist's crew who were kidnapped by the al-Qaida-linked militants last year as they set out to interview the extremists in their jungle lairs in the southern Philippines, police said Sunday.




Policemen found frail-looking cameraman Ramel Vela and audio technician Roland Letriro late Saturday and brought them to a hospital in southern Sulu province, where they were kidnapped in June along with Jordanian Baker Abdulla Atyani, provincial police chief Senior Superintendent Antonio Freyra said.


Atyani is believed to still be held by the gunmen in the jungles of Sulu's mountainous Patikul town, about 950 kilometers (590 miles) south of Manila.


"We're so happy. We never thought we'd make it out alive," a teary-eyed Vela said at his hospital bed, adding that he and Letriro have not seen Atyani since the Jordanian was separated from them by their kidnappers five days after they were taken hostage.


Visibly thinner, shocked and with overgrown hair and beard, the two were examined by doctors and given bread and water in the Sulu hospital, which was guarded by police and marines.


"They really lost weight because they were constantly under stress each day," Freyra told The Associated Press.


An unspecified amount was paid to secure the freedom of the two captives, according to three security officials who have been closely monitoring the kidnappings. The three spoke on condition of anonymity because they were not authorized to talk to reporters.


Military officials have said Abu Sayyaf militants have demanded 130 million pesos ($3.1 million) for the release of Atyani and his two crew members.


Hundreds of rebels from the larger Moro National Liberation Front, which signed a 1996 autonomy deal with the government, have also been negotiating with the Abu Sayyaf for the release of Atyani and other foreign hostages, including two European bird watchers who were abducted last year.


Moro commander Khabir Malik said his group had taken the initiative to seek the freedom of the hostages to help the government clean up the image of Sulu, a predominantly Muslim province where the Abu Sayyaf has carried out deadly bombings, kidnappings for ransom and beheadings, primarily in the early 2000s.


U.S.-backed military offensives have crippled the Abu Sayyaf in recent years, but it remains a national security threat. Washington has listed the group as a terrorist organization.


Malik said last week that he met with an Abu Sayyaf commander, Jul-Asman Sawadjaan, to seek the release of Atyani and his two crew members, who were believed being held in the jungles of Sulu's mountainous Patikul town. But the extremists refused to release their captives to the Moro rebels, Malik said.


Malik had suggested that his armed group could consider other options, including a rescue, to secure the captives' freedom from the smaller Abu Sayyaf group.


Abu Sayyaf gunmen handed the two Filipinos to still-unknown negotiators, but not to Malik's group, angering the Moro rebels, according to the three security officials.


A gunbattle erupted between Malik's forces and the Abu Sayyaf militants Sunday in Patikul's jungles, Freyra said. There were no immediate reports of casualties, and police and the military went on alert amid the fighting.


Sulu Governor Abdusakur Tan has said he will not allow Malik's group to take any drastic action like a rescue that could harm the Abu Sayyaf's hostages.


Atyani was working for the Arabic satellite channel Middle East Broadcasting Corp. when he interviewed Osama bin Laden and his aides in Afghanistan about three months before the Sept. 11, 2001, attacks. He said they told him that the coming weeks would hold "important surprises that will target American and Israeli interests in the world."


He later moved to Dubai-based Al-Arabiya TV as its Asia bureau chief. He traveled to Sulu to work on a documentary about the country's volatile south and possibly interview Abu Sayyaf militants in the impoverished province, Freyra and other officials said.


The other hostages being held by the Abu Sayyaf include the two European men, who were seized from nearby Tawi Tawi province in February last year and are believed to have been taken to Sulu, a Japanese treasure hunter, a Malaysian national and a Filipino resident of Sulu, officials say.


On Friday, Washington renewed a longstanding warning to Americans not to travel to Sulu "due to the high threat of kidnapping ... and violence linked to insurgency and terrorism there."


The Abu Sayyaf, which has about 380 armed fighters in Sulu and nearby islands, is an extremist offshoot of a Muslim rebellion that has been raging in the predominantly Catholic nation's south for decades. The violence has been fueled by abject poverty, corruption, proliferation of illegal weapons and weak law enforcement.


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Meet the Man Who Designed BlackBerry’s New Phones






When BlackBerry set out to design the phones that would take the company into the next decade, it faced a big challenge. The flagship device of the new BlackBerry 10 platform needed to simultaneously satisfy what today’s customers want in a smartphone while at the same time stay true to the essence of BlackBerry — which, if the company’s market over the last few years is any indication, customers didn’t want.


The man tasked with redesigning BlackBerry phones was Todd Wood, the company’s senior vice president of design. Leading industrial design at BlackBerry since 2006, Wood is a veteran of industrial design, previously doing design work for Nokia and, before that, Nortel. Mashable sat down with Wood this week while he was in town for the BlackBerry 10 launch.






[More from Mashable: Here’s a Mysterious Image From BlackBerry’s Super Bowl Ad]


Wood speaks with the same thoughtfulness of other design leaders, such as Apple’s Jony Ive, but with none of the showiness. He’s been with BlackBerry (formerly Research In Motion) for long enough to see its fortunes rise and fall. As he describes the Z10, you feel that he’s heard enough praise and criticism about BlackBerry’s products that it all just bounces off.


[More from Mashable: Don’t Hold Your Breath for More BlackBerry Tablets]


When I bring up the BlackBerry Storm — the company’s previous (failed) attempt to create a touchscreen phone — Wood doesn’t bristle or even acknowledge the disaster it was. He simply describes certain design elements that a similar to the BlackBerry Z10, BlackBerry’s new flagship phone. And he makes them sound kind of cool.


“There’s still the ‘waterfall’ that was pronounced on Storm — these flowing surfaces,” Wood says as he points to the top and bottom of the Z10, which are ever-so-slightly sloped. “We’ve brought that with the margins [on the Z10], but it’s very subtle. There are some principles that we carry forward, but nothing’s been cut and pasted.”


As CEO Thorsten Heins described at the launch, BlackBerry faced a decision three years ago: adopt someone else’s mobile OS or go it alone. It opted for the latter, acquiring QNX software in 2010 and adapting it to build first the PlayBook, then BlackBerry 10.


Completely switching mobile platforms was risky and extremely challenging, but it was also a huge design opportunity, says Wood.


“We were starting the platform from scratch. We wanted to build on the design DNA [BlackBerry] had, and we wanted to keep certain attributes — the fit to face, fit to hand — the general comfort of the device, the build quality of the device.”


No Home Button


Key decisions about the device itself depended on how the software worked. There’s no home button on the Z10, for example — a user controls basic functions (like switching between apps) via gestures, such as swiping up from the edge of the screen.


Much of the design was influenced by the need for easy, one-handed operation.


“How can you design a system where you could multitask more elegantly?” Wood asks, rhetorically. “It’s not unlike shuffling cards. And we started to realize you can really do that with one hand and one thumb.


“Almost every phone has a UI paradigm of ‘You go home to go somewhere else.’ Here you can flow from app to app.”


Soft Touch Backside


The phone has a semi-rubberized back, a material that BlackBerry refers to as “soft touch.” The company has used it before — in the trim of the latest Bold smartphone, for example. But in the Z10, Wood’s team added a perforated pattern.


“Soft touch is a special coating that we use,” he explains. “It provides grip, and it’s very silky. What we did was add some microtexture to it, which is something that you don’t notice until you pick the phone up and run your hand across it. It’s a nice subtlety.”


Button Shapes


If you’ve ever thought the physical buttons on Samsung’s phones felt cheap, or the iPhone’s too bland, you’ll appreciate RIM’s contoured buttons for volume and media playback. The volume buttons have a slight notch on one side, and the play/pause button has a small upraised piece — all detectable by touch.


“We wanted to keep them really precise and clean,” says Wood. “We sculpted the keys so it’s always really apparent without looking, almost like braille, exactly where you are.”


Font


Wood also played a role in choosing the system font for BlackBerry 10, which is called Slate. Designed by Canadian Rod McDonald (who also designed the font for Maclean’s, one of Canada’s top national news magazines), BlackBerry chose Slate for its legibility, Wood says.


“Slate really works for screen and print, so we decided to adopt it. When you have such a high-res display, you get really accurate letterforms. When you have a really great font design, that improves productivity. You’re not squinting, and letters are not misinterpreted.”


The Q10


Of course, Wood also led the team that designed the Q10, the BlackBerry 10 phone with a physical QWERTY keyboard, coming about a month after the Z10 debuts. Although the Q10 borrows more design DNA from the BlackBerry of old, BB10 afforded some big departures as well.


For starters, the Q10′s keyboard is straight whereas most previous BlackBerry phone keyboards had a curve to them — which even led to the company calling one of its product lines the Curve.


“That is a big change,” Wood says of straightening out the keyboard for the Q10. “It was very logical, but also it signals ‘This is different.’ And there’s no performance tradeoff with it being straight — we’ve measured it.”


Besides being straight, the keyboard is larger than the ones on previous BlackBerry phones.


“What allows us to get that extra size is we’ve replaced the home key, the back key and the send/end keys, since everything in BB10 is controlled by gestures and direct manipulation of the data. Without the curve, each key is the same size, and they’re 3% larger.”


The Red LED


No BlackBerry phone would be complete without the trademark — and at times notorious — blinking red LED that indicates a message is waiting. Wood says the attribute is hard-wired into BlackBerry design at this point and at no point did the company consider ditching it.


“That’s probably the strongest, most iconic element of the DNA we carry forward,” he says. “It’s origins were ‘Let’s save on battery life,’ and it continues today. For us, we call it the spark, or the splat. It’s a hallmark of BlackBerry it makes some people excited, and it makes some people neurotic, but it’s up to end users to manage that.”


How do you like the design of BlackBerry’s new phones? Let us know in the comments.


BONUS: BlackBerry Z10 Review


Click here to view the gallery: BlackBerry Z10 Review


Lead image by Nina Frazier, Mashable


Images by Nina Frazier, Christina Warren and Pete Pachal, Mashable


This story originally published on Mashable here.


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Busy Philipps Feels No Pressure to Bounce Back After Baby

Busy Philipps Body After Baby Pressure
David Livingston/Getty


Busy Philipps may be willing to dish out style advice to fellow expectant mamas — but she’s not about to start breaking out the postpartum weight loss lectures.


Currently pregnant with her second child, the Cougar Town star admits that while her celebrity status opens her up for public scrutiny, she’s not planning a big bounceback after baby.


“Like most things in this business, I think that you have to do what’s right for you and you can’t be too concerned about what some magazine is going to write about you,” Philipps, 33, tells HuffPost Celebrity.


“We’re in a business where a lot of people are blessed with pretty incredible bodies, that they work hard for or comes naturally, and not everybody has the same body.”

According to Philipps, staying healthy is priority during pregnancy and women “should be given a break” when it comes to packing on the extra pounds — especially by those dubious doctors!


“It’s interesting when people make comments about celebrities’ weight gain or lack of weight gain as if they’re a medical professional that’s treating that celebrity,” she notes. “Like, ‘This doctor does not treat Jessica Simpson, but thinks her weight is unhealthy.’ If you don’t treat her, then how do you know?”


After the arrival of daughter Birdie Leigh, now 4, the actress took her time regaining her post-baby bod — a journey, she says, lasted almost a year — preferring to instead instill a positive attitude (and approach) in her little girl.


“I wanted to be healthy for her and have a healthy body image so that she hopefully grows up to see that her self worth isn’t defined by how thin she is,” Philipps explains.


“Thrilled to be expecting another baby with husband Marc Silverstein, Philipps wasn’t sure if expanding their tight-knit trio was even in the cards for the couple. No one, however, was more ecstatic over the news than the big sister-to-be, whose wish is finally coming true.


“My daughter is very excited … it’s actually something that she has asked for for quite some time,” she says. “My husband and I were on the fence about whether or not we were going to add to our family, but now that we’re on our road, we’re really excited.”


– Anya Leon


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New rules aim to get rid of junk foods in schools


WASHINGTON (AP) — Most candy, high-calorie drinks and greasy meals could soon be on a food blacklist in the nation's schools.


For the first time, the government is proposing broad new standards to make sure all foods sold in schools are more healthful.


Under the new rules the Agriculture Department proposed Friday, foods like fatty chips, snack cakes, nachos and mozzarella sticks would be taken out of lunch lines and vending machines. In their place would be foods like baked chips, trail mix, diet sodas, lower-calorie sports drinks and low-fat hamburgers.


The rules, required under a child nutrition law passed by Congress in 2010, are part of the government's effort to combat childhood obesity. While many schools already have improved their lunch menus and vending machine choices, others still are selling high-fat, high-calorie foods.


Under the proposal, the Agriculture Department would set fat, calorie, sugar and sodium limits on almost all foods sold in schools. Current standards already regulate the nutritional content of school breakfasts and lunches that are subsidized by the federal government, but most lunchrooms also have "a la carte" lines that sell other foods. Food sold through vending machines and in other ways outside the lunchroom has never before been federally regulated.


"Parents and teachers work hard to instill healthy eating habits in our kids, and these efforts should be supported when kids walk through the schoolhouse door," Agriculture Secretary Tom Vilsack said.


Most snacks sold in school would have to have less than 200 calories. Elementary and middle schools could sell only water, low-fat milk or 100 percent fruit or vegetable juice. High schools could sell some sports drinks, diet sodas and iced teas, but the calories would be limited. Drinks would be limited to 12-ounce portions in middle schools and to 8-ounce portions in elementary schools.


The standards will cover vending machines, the "a la carte" lunch lines, snack bars and any other foods regularly sold around school. They would not apply to in-school fundraisers or bake sales, though states have the power to regulate them. The new guidelines also would not apply to after-school concessions at school games or theater events, goodies brought from home for classroom celebrations, or anything students bring for their own personal consumption.


The new rules are the latest in a long list of changes designed to make foods served in schools more healthful and accessible. Nutritional guidelines for the subsidized lunches were revised last year and put in place last fall. The 2010 child nutrition law also provided more money for schools to serve free and reduced-cost lunches and required more meals to be served to hungry kids.


Sen. Tom Harkin, D-Iowa, has been working for two decades to take junk foods out of schools. He calls the availability of unhealthful foods around campus a "loophole" that undermines the taxpayer money that helps pay for the healthier subsidized lunches.


"USDA's proposed nutrition standards are a critical step in closing that loophole and in ensuring that our schools are places that nurture not just the minds of American children but their bodies as well," Harkin said.


Last year's rules faced criticism from some conservatives, including some Republicans in Congress, who said the government shouldn't be telling kids what to eat. Mindful of that backlash, the Agriculture Department exempted in-school fundraisers from federal regulation and proposed different options for some parts of the rule, including the calorie limits for drinks in high schools, which would be limited to either 60 calories or 75 calories in a 12-ounce portion.


The department also has shown a willingness to work with schools to resolve complaints that some new requirements are hard to meet. Last year, for example, the government relaxed some limits on meats and grains in subsidized lunches after school nutritionists said they weren't working.


Schools, the food industry, interest groups and other critics or supporters of the new proposal will have 60 days to comment and suggest changes. A final rule could be in place as soon as the 2014 school year.


Margo Wootan, a nutrition lobbyist for the Center for Science in the Public Interest, said surveys by her organization show that most parents want changes in the lunchroom.


"Parents aren't going to have to worry that kids are using their lunch money to buy candy bars and a Gatorade instead of a healthy school lunch," she said.


The food industry has been onboard with many of the changes, and several companies worked with Congress on the child nutrition law two years ago. Major beverage companies have already agreed to take the most caloric sodas out of schools. But those same companies, including Coca-Cola and PepsiCo, also sell many of the non-soda options, like sports drinks, and have lobbied to keep them in vending machines.


A spokeswoman for the American Beverage Association, which represents the soda companies, says they already have greatly reduced the number of calories that kids are consuming at school by pulling out the high-calorie sodas.


___


Follow Mary Clare Jalonick on Twitter at http://twitter.com/mcjalonick


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"Great Rotation"- A Wall Street fairy tale?

NEW YORK (Reuters) - Wall Street's current jubilant narrative is that a rush into stocks by small investors has sparked a "great rotation" out of bonds and into equities that will power the bull market to new heights.


That sounds good, but there's a snag: The evidence for this is a few weeks of bullish fund flows that are hardly unusual for January.


Late-stage bull markets are typically marked by an influx of small investors coming late to the party - such as when your waiter starts giving you stock tips. For that to happen you need a good story. The "great rotation," with its monumental tone, is the perfect narrative to make you feel like you're missing out.


Even if something approaching a "great rotation" has begun, it is not necessarily bullish for markets. Those who think they are coming early to the party may actually be arriving late.


Investors pumped $20.7 billion into stocks in the first four weeks of the year, the strongest four-week run since April 2000, according to Lipper. But that pales in comparison with the $410 billion yanked from those funds since the start of 2008.


"I'm not sure you want to take a couple of weeks and extrapolate it into whatever trend you want," said Tobias Levkovich, chief U.S. equity strategist at Citigroup. "We have had instances where equity flows have picked up in the last two, three, four years when markets have picked up. They've generally not been signals of a continuation of that trend."


The S&P 500 rose 5 percent in January, its best month since October 2011 and its best January since 1997, driving speculation that retail investors were flooding back into the stock market.


Heading into another busy week of earnings, the equity market is knocking on the door of all-time highs due to positive sentiment in stocks, and that can't be ignored entirely. The Standard & Poor's 500 Index <.spx> ended the week about 4 percent from an all-time high touched in October 2007.


Next week will bring results from insurers Allstate and The Hartford , as well as from Walt Disney , Coca-Cola Enterprises and Visa .


But a comparison of flows in January, a seasonal strong month for the stock market, shows that this January, while strong, is not that unusual. In January 2011 investors moved $23.9 billion into stock funds and $28.6 billion in 2006, but neither foreshadowed massive inflows the rest of that year. Furthermore, in 2006 the market gained more than 13 percent while in 2011 it was flat.


Strong inflows in January can happen for a number of reasons. There were a lot of special dividends issued in December that need reinvesting, and some of the funds raised in December tax-selling also find their way back into the market.


During the height of the tech bubble in 2000, when retail investors were really embracing stocks, a staggering $42.7 billion flowed into equities in January of that year, double the amount that flowed in this January. That didn't end well, as stocks peaked in March of that year before dropping over the next two-plus years.


MOM AND POP STILL WARY


Arguing against a 'great rotation' is not necessarily a bearish argument against stocks. The stock market has done well since the crisis. Despite the huge outflows, the S&P 500 has risen more than 120 percent since March 2009 on a slowly improving economy and corporate earnings.


This earnings season, a majority of S&P 500 companies are beating earnings forecast. That's also the case for revenue, which is a departure from the previous two reporting periods where less than 50 percent of companies beat revenue expectations, according to Thomson Reuters data.


Meanwhile, those on the front lines say mom and pop investors are still wary of equities after the financial crisis.


"A lot of people I talk to are very reluctant to make an emotional commitment to the stock market and regardless of income activity in January, I think that's still the case," said David Joy, chief market strategist at Columbia Management Advisors in Boston, where he helps oversee $571 billion.


Joy, speaking from a conference in Phoenix, says most of the people asking him about the "great rotation" are fund management industry insiders who are interested in the extra business a flood of stock investors would bring.


He also pointed out that flows into bond funds were positive in the month of January, hardly an indication of a rotation.


Citi's Levkovich also argues that bond investors are unlikely to give up a 30-year rally in bonds so quickly. He said stocks only began to see consistent outflows 26 months after the tech bubble burst in March 2000. By that reading it could be another year before a serious rotation begins.


On top of that, substantial flows continue to make their way into bonds, even if it isn't low-yielding government debt. January 2013 was the second best January on record for the issuance of U.S. high-grade debt, with $111.725 billion issued during the month, according to International Finance Review.


Bill Gross, who runs the $285 billion Pimco Total Return Fund, the world's largest bond fund, commented on Twitter on Thursday that "January flows at Pimco show few signs of bond/stock rotation," adding that cash and money markets may be the source of inflows into stocks.


Indeed, the evidence suggests some of the money that went into stock funds in January came from money markets after a period in December when investors, worried about the budget uncertainty in Washington, started parking money in late 2012.


Data from iMoneyNet shows investors placed $123 billion in money market funds in the last two months of the year. In two weeks in January investors withdrew $31.45 billion of that, the most since March 2012. But later in the month money actually started flowing back.


(Additional reporting by Caroline Valetkevitch; Editing by Kenneth Barry)



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At War Blog: Veterans in College: Share Your Stories

“Graduate, graduate, graduate,” the secretary of veterans affairs, Eric K. Shinseki, recently implored the audience at a conference of the Student Veterans of America. But what, exactly, will it take to ensure that veterans succeed in college?

Since the post-9/11 G.I. Bill took effect in 2009, about 877,000 people, mainly veterans and their dependents, have received tuition and other college benefits costing the government $23.7 billion. More than $10 billion is expected to be spent this year alone on veterans, plus about $560 million on tuition assistance for active-duty troops.

Yet just how those thousands of veterans in college are faring remains a bit of a mystery. Many colleges do not break out graduation and retention numbers for veterans, and the federal government has not tracked the numbers. Only last month, the Department of Veterans Affairs announced a partnership with the National Student Clearinghouse and the Student Veterans of America to collect and analyze data on veterans in school, with an eye to determining if they are succeeding — or failing — and why.

In the latest Education Life, The Times’s education supplement, two articles focus on programs intended to help veterans graduate.
One of them, “A Million Strong,” describes the panoply of programs that colleges have created to support veterans, including opening veterans centers, hiring specially trained counselors and creating veterans-only courses, orientation programs and even housing.

For traditional colleges like San Diego State University or the University of Alabama, creating brick-and-mortar centers where veterans can socialize, receive tutoring or meet counselors is one thing. But for online programs, both nonprofit and for profit, the challenge of assisting veterans and making them feel comfortable can be greater, as colleges like University of Maryland University College are finding.

The key for both traditional and online schools, says Travis L. Martin, a driving force behind a veterans studies program at Eastern Kentucky University and a veteran himself, is introducing students both to other veterans and to those who never served in the armed forces.

“I’ve learned that creating community was key for the veterans,” he said. “Those relationships will keep them in school.”

The second article, “Warrior Voices,” describes how writing workshops are providing many veterans with an alternative means of healing the psychological and spiritual wounds of war.

In writing about war, writing teachers explain, veterans must organize and analyze difficult memories, possibly gaining some control over their traumas along the way. Such was the case with Micah Owen, who served with Travis Martin in Iraq and later became his student at Eastern Kentucky.

Though Mr. Owen, who has post-traumatic stress disorder, says he has trouble talking about his war experiences, he has had no trouble writing about it. “Once the words started coming, I couldn’t stop them,” he said.

The Education Life supplement includes essays and poems from several veterans, including Mr. Martin and Mr. Owen.

Now it’s your turn.

If you are a veteran, send us your memories – about war, deployment, training or the transition to civilian life. The subject areas are wide open; we just ask that you keep your submissions under 700 words. We’ll then select some of the pieces to be published at nytimes.com.

To submit a piece, go to this site and fill out the form.

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BlackBerry 10 installed base to reach 20 million in 2013, Windows Phone to reach 45 million






Despite showing clear promise and being a tremendous upgrade compared to earlier BlackBerry software, BlackBerry 10 didn’t receive the warmest welcome when it was unveiled earlier this week. At least one leading market research firm thinks BlackBerry (RIMM) has done enough to gain some good traction in 2013, however. ABI Research released new estimates this week projecting that the BlackBerry 10 installed base will reach 20 million by the end of 2013. The firm also says Microsoft’s (MSFT) Windows Phone platform, which struggled to garner interest in its early days, will see its installed base climb to 45 million by the end of the year.


[More from BGR: BlackBerry doesn’t need to catch up with Android and iOS overnight, it needs to live to fight another day]






“2013 should be seen as relative success for both Microsoft and BlackBerry,” ABI analyst Aapo Markkanen said. ”For the end of the year, we expect there to be 45 million Windows Phone handsets in use, with BlackBerry 10 holding an installed base of close to 20 million. Microsoft will also have 5.5 million Windows-powered tablets to show for it.”


[More from BGR: GS: Ignore the chatter, BlackBerry rebound is coming]


According to ABI, these figures will be “enough to keep developers interested” as the two companies battle for the No.3 spot in the smartphone war.


“The greatest fear for both Microsoft and BlackBerry is that the initial sales of their smartphones will disappoint and thereby kill off the developer interest, which then would effectively close the window of opportunity on further sales success. Our view is that the installed bases of this scale would be large enough to keep these two in the game,” Markkanen noted. ”It will definitely also help that both firms have actively kept the developers’ interest in mind while designing and rolling out their platforms.”


This article was originally published on BGR.com


Gadgets News Headlines – Yahoo! News




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