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28 December 2012 Last updated at 19:06 ET
A former head of the Financial Services Authority and a founding member of the Bank of England’s Monetary Policy Committee have been recognised in the New Year Honours.
Hector Sants, who was in charge of regulation at the start of the credit crisis, has been knighted.
It is in recognition for services to financial regulation.
Alan Budd, who was on the first Monetary Policy Committee in 1997, becomes a Knight of the Grand Cross.
Sir Hector said his award was a “testament to the hard work of everyone at the FSA during the crisis, their willingness to learn lessons and to bring about the changes that were necessary”.
Sir Hector began his City career as a stockbroker at Phillips and Drew, later taking senior positions at the investment banks UBS and Credit Suisse.
He took the job as head of the FSA two months before the collapse of Northern Rock in 2007, which was followed by huge government bailouts for two leading banks, Royal Bank of Scotland and Lloyds TSB.
MPs criticised the FSA for its handling of regulation during the credit crunch and accused it of being “asleep at the wheel”, but he has also been praised for his work at the regulator and for pressing banks to boost their reserves.
Sir Hector is joining Barclays bank in January to improve the bank’s reputation with governments and regulators internationally.
He will be directly responsible for making sure all its 140,000 staff obey the law in the more than 50 countries where it operates and that it is held in higher esteem by governments and regulators.
While at the FSA, Sir Hector personally warned the then chairman of Barclays, Marcus Agius, that Bob Diamond might not be a suitable choice to become the bank’s chief executive in 2010.
He also conveyed the FSA’s worries about the bank’s culture, including the attitudes of its most senior staff to risk-taking, tax laws and banking regulations.
Earlier this year, the FSA fined Barclays £59.5m for its part in the Libor rate-rigging scandal, after which Mr Diamond left the left the bank.
Entrepreneurship recognised
Sir Alan, a professor of economics, was also the first chairman of the government’s independent forecasting body, the Office for Budget Responsibility (OBR), but left after just three months in the job.
He was an adviser to Chancellor Norman Lamont during the Exchange Rate Mechanism crisis of the early 1990s and headed the inquiry into whether former Home Secretary David Blunkett misused his position.
He also headed the inquiry into the UK’s gambling laws which led to their liberalisation.
Sir Alan Budd’s career has also linked him with Barclays and Credit Suisse.
He was senior economic adviser to Barclays in 1989-1991, and is currently a senior adviser to Credit Suisse First Boston.
He was knighted in 1997.
Industry and the economy make up 12% of the New Year Honours list, with Priscilla Newell, Chair of the Royal Mail Pension Trustees, becoming a dame and Sherry Coutu, a long-time supporter of UK start-ups, a CBE for services to entrepreneurship.
Harriet Vine and Rosie Wolfenden, co-founders of cult jewellery brand Tatty Devine are made MBEs.
BBC News – Business
One of the most useful features of the Wii U — and what could make it a staple of our connected living rooms — is its ability to hook in to the entertainment ecosystem seamlessly. When you start up your Wii U for the first time, you’ll be prompted to enter your television and cable box brands. In a surprisingly painless process (you only need the brand name of your TV, not the model number), your Wii U GamePad becomes a very useful remote control. It will be the only thing you have to touch when turning your system and television on in the future. When the Wii U’s television and video on demand aggregation dashboard comes fully online, that remote will be even more useful as you use it select shows on your DVR, video-on-demand services like Netflix, or live TV.
Click here to view this gallery.
[More from Mashable: 10 iPad Cases With Convenient Hand Grips]
Since the holiday gift-giving period is over, many of you might be fortunate enough to have received a brand new Wii U.
Nintendo’s latest console is quite different from other gaming consoles, and there are lots of great ways for you to take advantage of it. There are already a wide variety of games coming out for the Wii U, so you have a plethora of entertainment options as soon as you take it out of the box.
[More from Mashable: 8 Startups to Watch in 2013]
We’ve compiled a list of tips for first-time Wii U owners that should make your setup and first few days much easier. We’ve included a few games to try, as well.
Are you setting up a Wii U for the first time? Share any of your thoughts and tips in the comments.
Thumbnail image courtesy nubobo, Flickr.
This story originally published on Mashable here.
Gaming News Headlines – Yahoo! News
MONTCLAIR, N.J. (AP) — During stressful times as a combat medic in Afghanistan, Mason Sullivan found solace in Vivaldi. New Jersey native Nairobi Cruz was comforted by country music, a genre she had never heard before joining the Army. For Jose Mercedes, it was an eclectic iPod mix that helped him cope with losing an arm during a tour of duty in Iraq.
These three young veterans all say music played a crucial role in alleviating the stresses of active duty. Now, all three are enrolled in a program that hopes to use music to ease their reintegration into civilian life.
“It’s a therapy session without the ‘sit down, lay down, and write notes,’” Mercedes, 26, of Union City, said of the music program. “It’s different — it’s an alternative that’s way better.”
The pilot program, called Voices of Valor, has veterans work as a group to synthesize their experiences into musical lyrics. Guided by musicians and a psychology mentor, they write and record a song, and then hold a CD release party. The program is currently under way at Montclair State University, where students participate through the school’s veteran affairs program.
Developed by husband and wife team Rena Fruchter and Brian Dallow, it is open to veterans of any age and background. No musical experience is required.
Both accomplished musicians, Fruchter and Dallow created the program as part of Music for All Seasons, an organization they founded which runs musical programs for audiences at places ranging from nursing homes to prisons.
Based on their experiences working with children at shelters for victims of domestic violence, Fruchter and Dallow realized that young people too traumatized to talk about what they had been through were nevertheless willing to bang on an instrument or sing — often leading to communication breakthroughs. They felt the same might be true for veterans, or other populations traditionally averse to more overt forms of ‘talk therapy.’
“We’ve had situations in which veterans have been carrying their burdens deep inside for such a long time, and they come into this group and they begin to talk about things that they’ve never talked about before,” Fruchter said. “They really open up, and it translates into some music that is really amazing and incredible and powerful.”
During a recent session of the eight-week program in Montclair, music facilitators Jennifer Lampert, a former Miss USO, and Julio Fernandez, a musician and member of the band Spyro Gyra, lead a small group of young veterans in brainstorming about their experiences.
“Tired of being angry,” ”Easier not to move on,” ”The war at home,” were phrases Lampert extracted from a discussion among the participants and she wrote each phrase in marker on large notepads fastened to a classroom blackboard. As they spoke, Fernandez strummed an acoustic guitar while Lampert sang some of the phrases the students had come up with, adjusting the beat and tempo at their suggestion. Suddenly, a musical lyric emerged: “Sometimes, I wish the past is where I stayed.”
A few weeks later, the group gathered at a sound studio in Union City, where they donned headphones and clearly relished the opportunity to record their collectively written tune, “Freedom,” in a professional studio.
“To see music heal people in that way, it’s beautiful, and the real incredible part is you don’t have to do anything but give in to the music,” Lampert said. She recounted how, time and again, the facilitators of the program had watched some participants start the class with shoulders slumped, hesitant to make eye contact, and afraid to speak up. Through the process of writing music they changed, she said, into group-focused, smiling, active participants unafraid to stand up and belt out a tune.
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Health News Headlines – Yahoo! News
BANGUI, Central African Republic (AP) — The president of Central African Republic on Thursday urgently called on France and other foreign powers to help his government fend off rebels who are quickly seizing territory and approaching the capital, but French officials declined to offer any military assistance.
The developments suggest Central African Republic could be on the brink of another violent change in government, something not new in the history of this resource-rich, yet deeply impoverished country. The current president, Francois Bozize, himself came to power nearly a decade ago in the wake of a rebellion.
Speaking to crowds in Bangui, a city of some 600,000, Bozize pleaded with foreign powers to do what they could. He pointed in particular to France, Central African Republic’s former colonial ruler.
About 200 French soldiers are already in the country, providing technical support and helping to train the local army, according to the French defense ministry.
“France has the means to stop (the rebels) but unfortunately they have done nothing for us until now,” Bozize said.
French President Francois Hollande said Thursday that France wants to protect its interests in Central African Republic and not Bozize’s government. The comments came a day after dozens of protesters, angry about a lack of help against rebel forces, threw rocks at the French Embassy in Bangui and stole a French flag.
Paris is encouraging peace talks between the government and the rebels, with the French Foreign Ministry noting in a statement that negotiations are due to “begin shortly in Libreville (Gabon).” But it was not immediately clear what, if any, dates have been set for those talks.
French Foreign Minister Laurent Fabius, meanwhile, spoke via phone with Bozize, asking the president to take responsibility for the safety of French nationals and diplomatic missions in Central African Republic.
U.S. officials said Thursday the State Department would close its embassy in the country and ordered its diplomatic team to leave. The officials spoke on condition of anonymity because they were unauthorized to discuss the evacuation publicly.
The United Nations Security Council issued a press statement late Thursday reiterating its concern about the situation in the country and condemned the attacks.
“The members of the Security Council reiterate their demand that the armed groups immediately cease hostilities, withdraw from captured cities and cease any further advance towards the city of Bangui,” the statement reads.
Bozize’s government earlier reached out to longtime ally Chad, which pledged to send 2,000 troops to bolster Central African Republic’s own forces. But it was unclear if the Chadian troops had all arrived, and even then, it is far from certain if the combined government forces could withstand rebel attacks.
At least four different rebel groups are involved, though their overall numbers could not immediately be confirmed.
Central African Republic, a landlocked nation of some 4.4 million people, is roughly the size of France. It has suffered decades of army revolts, coups and rebellions since gaining independence in 1960 and remains one of the poorest countries in the world.
The rebels behind the most recent instability signed a 2007 peace accord allowing them to join the regular army, but insurgent leaders say the deal wasn’t fully implemented.
Already, the rebel forces have seized at least 10 towns across the sparsely populated north of the country, and residents in the capital now fear the insurgents could attack at any time, despite assurances by rebel leaders that they are willing to engage in dialogue instead of attacking Bangui.
The rebels have claimed that their actions are justified in light of the “thirst for justice, for peace, for security and for economic development of the people of Central African Republic.”
Despite Central African Republic’s wealth of gold, diamonds, timber and uranium, the government remains perpetually cash-strapped. Filip Hilgert, a researcher with Belgium-based International Peace Information Service, said rebel groups are unhappy because they feel the government doesn’t invest in their areas.
“The main thing they say is that the north of the country, and especially in their case the northeast, has always been neglected by the central government in all ways,” he said.
But the rebels also are demanding that the government make payments to ex-combatants, suggesting that their motives may also be for personal financial gain.
Bozize, a former military commander, came to power in a 2003 rebel war that ousted his predecessor, Ange-Felix Patasse. In his address Thursday, Bozize said he remained open to dialogue with the rebels, but he also accused them and their allies of financial greed.
Those allies, he implied, are outside Central African Republic.
“For me, there are individuals who are being manipulated by an outside hand, dreaming of exploiting the rich Central African Republic soil,” he said. “They want only to stop us from benefiting from our oil, our diamonds, our uranium and our gold.”
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Larson reported from Dakar, Senegal. Associated Press writer Sarah DiLorenzo in Paris contributed to this report.
Africa News Headlines – Yahoo! News
PHILADELPHIA (AP) — After 50 years of spinning webs and catching a who’s who of criminals, Peter Parker is out of the hero game.
But Spider-Man is still slinging from building to building — reborn, refreshed and revived with a new sense of the old maxim that Ben Parker taught his then-fledgling nephew that “with great power, comes great responsibility.”
Writer Dan Slott, who’s been penning Spidey adventures for the better part of the last 100 issues for Marvel Entertainment, said the culmination of the story is a new, dramatically different direction for the Steve Ditko and Stan Lee-created hero.
“This is an epic turn,” Slott said. “I’ve been writing Spider-Man for 70-plus issues. Every now and then, you have to shake it up. … The reason Spider-Man is one of the longest running characters is they always find a way to keep it fresh. Something to shake up the mix.”
And in the pages of issue 700, out Wednesday, it’s not just shaken up, it’s turned head over heels, spun in circles, kicked sky high and cracked wide open.
Parker’s mind is trapped in the withered, decaying dying body of his nemesis, Doctor Octopus aka Otto Octavius. Where’s Doc Ock? Inside Parker’s super-powered shell, learning what life is like for the brilliant researcher who happens to count the Avengers and Fantastic Four as friends and family.
The two clash mightily in the pages of issue 700, illustrated by Humberto Ramos and Victor Olazaba. But it’s Octavius who wins out and Parker is, at least for now, gone for good, but not before one more act of heroism.
Slott said that it’s Parker, whose memories envelop Octavius, who shows the villain what it means to be a hero.
“Gone are his days of villainy, but since it’s Doc Ock and he has that ego, he’s not going to try and just be Spider-man, he’s going to try to be the best Spider-Man ever,” said Slott.
Editor Stephen Wacker said that while Parker is gone, his permanence remains and his life casts a long shadow.
“His life is still important to the book because it affects everything that Doctor Octopus does as Spider-Man. Seeing a supervillain go through this life is the point — trying to be better than the hero he opposed,” Wacker said.
“Doc has sort of inspired by Peter’s life. That’s what I mean when he talks about the shadow he casts,” he said.
The sentiment echoes what Uncle Ben said in the pages of “Amazing Fantasy” No. 15, Slott said.
Editor Stephen Wacker called it a fitting end to the old series, which sets the stage for a new one — “The Superior Spider-Man” early next year — because it brings Peter Parker full circle, from the start of his crime-fighting career to the end.
“In his very first story, his uncle died because of something he did so the book has always been aimed at making Peter’s life as difficult as possible,” Wacker said. “The book has always worked best when it’s about Peter Parker’s life, not Spider-Man’s.”
And with Octavius influenced by Parker’s life — from Aunt May to Gwen Stacy to Mary Jane — it will make him a better person, too.
“Because Doctor Octopus knows all of those things and will make decisions on what he saw Peter going through,” Wacker said. “In a way, he gets the ultimate victory as he becomes a better hero.”
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Follow Matt Moore at www.twitter.com/MattMooreAP
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Entertainment News Headlines – Yahoo! News
Dec 27, 2012 6:58am
Scary lights, intrusive equipment and high-pitched sounds that make you squirm are what normally come to mind when one thinks of a visit to the dentist’s office.
Not so for the patients of Dr. Patty’s Dental Boutique in Ft. Lauderdale, Fla., a dentist office that doubles as a beauty spa.
“There are about 30 to 40 million Americans who suffer from dental anxiety,” Dr. Patty, whose real name is April Patterson, told ABC News’ Bianna Golodryga. “I wanted to do everything I can to make those clients feel like they are not at the dentist.”
To do that, Patterson created an office that is definitely not your father’s dentist’s office. Her version features treatments you’d get at your everyday spa – from facials to massages to eyelash extensions and a brow bar – along with the typical dental work.
“I offer high-end, quality dental services along with a full menu of spa services,” Patterson said.
“I can give you a great example of how all the services kind of work together,” she said. “A client is coming in to have their dental veneers done. They come in an hour early [and] they can have a facial or a massage while their valium takes effect. They come in to start their dental procedure and they’re nice and relaxed.”
A typical client is one like Christina Carter, who came to Patterson’s office to have her braces removed but stayed for a scheduled facial.
“A busy professional like myself, it’s a one-stop shop where I can get my dental work done and I can also get a facial and massage and just relax,” Carter told ABC News. “When you’re busy, it’s just so nice to have everything all at one spot.”
It’s not just women like Carter, however, who appreciate the one-stop solution Patterson has built. Men like Andrew Heller, who came in for veneers but left with Botox, as well, are also her clients.
“I’m thrilled,” Heller said of his new look after Patterson put filler around his mouth and injected Botox in his forehead.
“It turned out better than I could have imagined, but it took her a tremendous amount of convincing to do more than just enhancing the teeth,” he said.
For Patterson, her combination dental office and spa is about more than just cosmetics.
“This is not just about teeth,” she said. “This is also about building confidence and changing lives.”
Health News Headlines – Yahoo! News
NEW YORK (Reuters) – U.S. stock index futures were little changed on Thursday with legislators due to return to Washington to restart negotiations over the “fiscal cliff“.
President Barack Obama will attempt to make another push to resume talks on the cliff, a series of tax hikes and spending cuts set to begin on January 1 which may tip the economy into a recession, on Thursday after returning from a shortened Christmas holiday in Hawaii.
In a sign that there may be a way through deadlock in Congress, Republican House of Representatives Speaker John Boehner urged the Democrat-controlled Senate to act to pull back from the cliff and offered to at least consider any bill the upper chamber produced.
The Treasury Department, led by Secretary Timothy Geithner, announced steps essentially designed to buy time to allow Congress to resolve its differences and raise the debt ceiling.
Economic data expected on Thursday includes weekly initial jobless claims at 8:30 a.m. (1330 GMT). Economists in a Reuters survey forecast a total of 360,000 new filings, compared with 361,000 filings in the previous week.
Also due at 8:30 a.m. (1330 GMT) is the Chicago Fed Midwest Manufacturing Index for November.
Later in the session at 10 a.m. (1500 GMT), investors will eye December consumer confidence and November new home sales data. The Conference Board’s main consumer confidence index is expected to show a reading of 70 versus the 73.7 reported in November while new home sales are expected to show a total of 378,000 annualized units.
The benchmark S&P 500 index has fallen 1.7 percent over the past three sessions as negotiations over the budget crisis have stalled, its longest losing streak since mid-November.
But the S&P has recouped nearly all of its declines suffered in the wake of the U.S. elections and is up 12.9 percent for the year, putting it on track for its best year since 2009.
S&P 500 futures rose 3.2 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 4 points, and Nasdaq 100 futures lost 0.5 point.
Marvell Technology Group fell 5.4 percent to $ 7.00 in premarket trading, extending its decline in the prior session after a federal jury found the company infringed two patents held by Carnegie Mellon University, and ordered the chipmaker to pay $ 1.17 billion in damages.
European shares steadied early in their first trading session following the Christmas break, with investors focusing on Washington’s last-ditch efforts to avoid the so-called fiscal cliff. <.eu></.eu>
Asian shares rose amid caution ahead of the U.S. fiscal negotiations, while the yen hit a 21-month low against the dollar on the prospect of drastic monetary easing and massive state spending.
(Reporting by Chuck Mikolajczak; Editing by Chizu Nomiyama)
Business News Headlines – Yahoo! News
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