Iran's Ahmadinejad in Egypt on historic visit


CAIRO (Reuters) - Mahmoud Ahmadinejad arrived in Egypt on Tuesday on the first trip by an Iranian president since the 1979 revolution, underlining a thaw in relations since Egyptians elected an Islamist head of state.


President Mohamed Mursi, the Muslim Brotherhood politician elected in June, kissed Ahmadinejad as he disembarked from his plane at Cairo airport. The leaders walked down a red carpet, Ahmadinejad smiling as he shook hands with waiting dignitaries.


Visiting Cairo to attend an Islamic summit that begins on Wednesday, the president of the Shi'ite Islamist republic is due to meet later on Tuesday with the grand sheikh of al-Azhar, one of the oldest seats of learning in the Sunni world.


Such a visit would have been unthinkable during the rule of Hosni Mubarak, the military-backed autocrat who preserved Egypt's peace treaty with Israel during his 30 years in power and deepened ties between Cairo and the West.


"The political geography of the region will change if Iran and Egypt take a unified position on the Palestinian question," Ahmadinejad said in an interview with Al Mayadeen, a Beirut-based TV station, on the eve of his visit.


He said he wanted to visit the Gaza Strip, the Palestinian territory which neighbors Egypt to the east and is run by the Islamist movement Hamas. "If they allow it, I would go to Gaza to visit the people," Ahmadinejad said.


Analysts doubt that the historic changes that brought Mursi to power in Egypt will result in a full restoration of diplomatic ties between states whose relations were broken off after the Iranian revolution and the conclusion of Egypt's peace treaty with Israel in 1979.


OBSTACLES TO FULL TIES


At the airport the two leaders discussed ways of boosting relations between their countries and resolving the Syrian crisis "without resorting to military intervention", Egyptian state media reported.


Egypt is concerned by Iran's support for Syrian President Bashar al-Assad, who is trying to crush an uprising inspired by the revolt that swept Mubarak from power two years ago. Egypt's overwhelmingly Sunni Muslim population is broadly supportive of the uprising against Assad's Alawite-led administration.


The Mursi administration also wants to safeguard relations with Gulf Arab states that are supporting Cairo's battered state finances and are deeply suspicious of Iran.


Egyptian Foreign Minister Mohamed Kamel Amr reassured Gulf Arab allies that Egypt would not jeopardize their security.


"The security of the Gulf states is the security of Egypt," he told the official MENA news agency, in response to questions about Cairo's opening to Iran and its impact on other states in the region.


Mursi wants to preserve ties with the United States, the source of $1.3 billion in aid each year to the influential Egyptian military.


His government has established close ties with Hamas, a movement backed by Iran and shunned by the West because of its hostility to Israel, but its priority is addressing Egypt's deep economic problems.


"The restoration of full relations with Iran in this period is difficult, despite the warmth in ties ... because of many problems including the Syrian crisis and Cairo's links with the Gulf states, Israel and the United States," said one former Egyptian diplomat.


Speaking to Reuters on the sidelines of preparatory meetings for the two-day Islamic summit, Iranian Foreign Minister Ali Akbar Salehi said he was optimistic that ties could grow closer.


"We are gradually improving. We have to be a little bit patient. I'm very hopeful about the expansion of the bilateral relationship," he said. Asked where he saw room for closer ties, he said: "Trade and economics."


Ahmadinejad's visit to Egypt follows Mursi's visit to Iran in August for a summit of the Non-Aligned Movement.


Sheikh Ahmed al-Tayeb, head of the 1,000-year-old al-Azhar mosque and university, will meet Ahmadinejad at his offices in mediaeval Islamic Cairo, al-Azhar's media office said.


Salehi, the Iranian foreign Minister, stressed the importance of Muslim unity when he met Sheikh al-Tayeb at al-Azhar last month.


Egypt and Iran have taken opposite courses since the late 1970s. Egypt, under Mubarak's predecessor Anwar Sadat, concluded a peace treaty with Israel in 1979 and became a close ally of the United States and Europe. Iran from 1979 turned into a center of opposition to Western influence in the Middle East.


Symbolically, Iran named a street in Tehran after the Islamist who led the 1981 assassination of Sadat.


Egypt gave asylum and a state funeral to Iran's exiled Shah Reza Pahlavi, who was overthrown by the 1979 Iranian revolution. He is buried in a medieval Cairo mosque alongside his ex-brother-in-law, Egypt's last king, Farouk.


(Additional reporting by Ayman Samir and Alexander Diadosz; Editing by Andrew Roche and Paul Taylor)



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Wall Street opens lower after recent gains


NEW YORK (Reuters) - U.S. stocks opened lower on Monday, dipping after a recent rally that took the S&P 500 to a five-year high and the Dow to 14,000 for the first time since October 2007.


The Dow Jones industrial average <.dji> was down 58.67 points, or 0.42 percent, at 13,951.12. The Standard & Poor's 500 Index <.spx> was down 6.84 points, or 0.45 percent, at 1,506.33. The Nasdaq Composite Index <.ixic> was down 18.33 points, or 0.58 percent, at 3,160.77.


(Reporting by Ryan Vlastelica; Editing by Kenneth Barry)



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Ravens edge 49ers 34-31 in electric Super Bowl


NEW ORLEANS (AP) — For a Super Bowl with so many story lines, this game came up with quite a twist.


Try a blackout that turned a blowout into a shootout — capped by a brilliant defensive stand.


The Baltimore Ravens survived a frenzied comeback by the San Francisco 49ers following a 34-minute delay in the third quarter for a power outage Sunday night, winning their second championship 34-31. Super Bowl MVP Joe Flacco threw three first-half touchdown passes, Jacoby Jones ran back the second-half kickoff a record 108 yards for a score, and star linebacker Ray Lewis' last play fittingly was part of a defensive effort that saved the victory.


"To me, that was one of the most amazing goal-line stands I've ever been a part of in my career," said Lewis, who announced a month ago he would retire when the Ravens were done playing.


They are done now, with another Vince Lombardi Trophy headed for the display case.


"What better way to do it," Lewis said, "than on the Super Bowl stage?"


That stage already was loaded with plots:


—The coaching Harbaughs sibling rivalry, won by older brother John, who said the postgame greeting with Jim was "painful."


—Flacco's emergence as a top-level quarterback, and his impending free agency.


—Colin Kaepernick's rapid rise in the last two months as 49ers QB.


—The big game's return to the Big Easy for the first time in 11 years, and the first time since Hurricane Katrina ravaged the city in 2005.


—Lewis' self-proclaimed "last ride."


But when the Superdome lost power, well, that wasn't in anyone's scenario.


Flacco and the Ravens (14-6) were turning the game into a rout, leading 28-6 when, without even a flicker of warning, several banks of lights and the scoreboards went dark. Players from both sides stretched and chatted with each other in as bizarre a scene as any Super Bowl has witnessed.


"The bad part was we started talking about it," said safety Ed Reed, who had the game's only interception. "That was mentioned. It was like they were trying to kill our momentum."


After power was restored, the 49ers began playing lights out.


San Francisco (13-5-1), in search of its sixth Lombardi Trophy in as many tries, got back in the game almost immediately.


Michael Crabtree's 31-yard touchdown reception, on which he broke two tackles, made it 28-13. A few minutes later, Frank Gore's 6-yard run followed a 32-yard punt return by Ted Ginn Jr., and the 49ers were within eight.


Ray Rice's fumble at his 24 led to David Akers' 34-yard field goal, but Baltimore woke up for a long drive leading to rookie Justin Tucker's 19-yard field goal.


San Francisco wasn't done challenging, though, and Kaepernick's 15-yard TD run, the longest for a quarterback in a Super Bowl, made it 31-29. A 2-point conversion pass failed when the Ravens blitzed.


Tucker added a 38-yarder with 4:19 remaining, setting up the frantic finish.


Kaepernick couldn't get the 49ers into the end zone on the final three plays. The last was a pass into the right corner of the end zone to Crabtree that involved some incidental bumping. Jim Harbaugh insisted a flag should have been thrown.


"There's no question in my mind that there was a pass interference and then a hold," Jim Harbaugh said.


Ravens punter Sam Koch took a safety for the final score with 4 seconds left. Koch's free kick was returned by Ginn to midfield as time ran out.


"How could it be any other way? It's never pretty. It's never perfect. But it's us," John Harbaugh said of his Ravens. "It was us today."


Barely.


"Yeah, I think that last drive when we got the ball and had time to go down and score a touchdown," Kaepernick said, "we thought it was our game."


But the championship is Baltimore's.


As for the foul-up at America's biggest sporting event, officials revealed that an "abnormality" in the power system triggered an automatic shutdown, forcing backup systems to kick in. But no one was sure what caused the initial problem.


Everything changed after that until Lewis and Co. shut it down. But there were plenty of white-knuckle moments and the Ravens had to make four stops inside their 7 at the end.


"I think it speaks to our resolve, speaks to our determination, speaks to our mental toughness," John Harbaugh said. "That is what wins and loses games."


At 4 hours, 14 minutes, it was the longest Super Bowl ever.


Flacco's arrival as a championship quarterback — he had 11 postseason TD passes, tying a league mark, and no interceptions — coincides with Lewis' retirement. The win capped a sensational four games since Lewis announced he was leaving the game after 17 Hall of Fame-caliber years.


The Ravens will become Flacco's team now, provided he reaches agreement on a new contract.


Flacco's three TD passes in the opening half tied a Super Bowl record. They covered 13 yards to Anquan Boldin, 1 to Dennis Pitta and 56 to Jones.


That start boosted him to the MVP award.


"They have to give it to one guy and I'm not going to complain that I got it," Flacco said.


John Harbaugh had no complaints about getting that other trophy named after that Green Bay coach. But he struggled to balance it with the disappointment his brother was feeling.


"The meeting with Jim in the middle (of the field for the postgame handshake) was probably the most difficult thing I have ever been associated with in my life," the Ravens coach said.


The wild scoring made this the second championship in the NFL's 80-year title game history in which both teams scored at least 30 points. Pittsburgh's 35-31 win over Dallas in 1979 was the other.


The Ravens stumbled into the playoffs with four defeats in its last five regular-season games as Lewis recovered from a torn right triceps and Flacco struggled. Harbaugh even fired his offensive coordinator in December, a stunning move with the postseason so close.


But that — and every other move Harbaugh, Flacco and the Ravens made since — were right on target.


New Orleans native Jones, one of the stars in a double-overtime playoff win at Denver, seemed to put the game away with his record 108-yard sprint with the second-half kickoff.


Soon after, the lights went out — and when they came back on, the Ravens were almost powerless to slow the 49ers.


Until the final moments.


"The final series of Ray Lewis' career was a goal-line stand," Harbaugh said.


Lewis was sprawled on all fours, face-down on the turf, after the end zone incompletion.


"It's no greater way, as a champ, to go out on your last ride with the men that I went out with, with my teammates," Lewis said. "And you looked around this stadium and Baltimore! Baltimore! We coming home, baby! We did it!"


Jim Harbaugh, the coach who turned around the Niners in the last two years and brought them to their first Super Bowl in 18 years, had seen his team make a similarly stunning comeback in the NFC championship at Atlanta, but couldn't finish it off against Baltimore.


"Our guys battled back to get back in," the 49ers coach said. "I thought we battled right to the brink of winning."


The 49ers couldn't have been sloppier in the first half, damaging their chances with penalties — including one on their first play that negated a 20-yard gain — poor tackling and turnovers. Rookie LaMichael James fumbled at the Baltimore 25 to ruin an impressive drive, and the Ravens converted that with Flacco's 1-yard pass to Pitta for a 14-3 lead.


On San Francisco's next offensive play, Kaepernick threw behind Randy Moss and always dependable Reed picked it off. A huge scuffle followed that brought both Harbaughs onto the field and saw both sides penalized 15 yards for unnecessary roughness.


Reed, also a New Orleans native, tied the NFL record for postseason picks with his ninth.


Baltimore didn't pounce on that mistake for points. Instead, Tucker's fake field goal run on fourth-and-9 came up a yard short when Chris Culliver slammed him out of bounds.


The Ravens simply shrugged, forced a three-and-out, and then unleashed Jones deep. Just as he did to Denver, he flashed past the secondary and caught Flacco's fling. He had to wait for the ball, fell to the ground to grab it, but was untouched by a Niner. Up he sprang, cutting left and using his speed to outrun two defenders to the end zone.


Desperate for some points, the 49ers completed four passes and got a 15-yard roughing penalty against Haloti Ngata, who later left with a knee injury. But again they couldn't cross the goal line, Paul Kruger got his second sack of the half on third down, forcing a second field goal by Akers, from 27 yards.


When Jones began the second half by sprinting up the middle virtually untouched — he is the second player with two TDs of 50 yards or more in a Super Bowl, tying Washington's Ricky Sanders in 1988 — the rout was on.


Then it wasn't.


"Everybody had their hand on this game," 49ers All-Pro linebacker Patrick Willis said. "We point the fingers at nobody. We win together and we lose together, and today we lost it."


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Alien Moons May Be Easier to Photograph Than Planets






Scientists looking for habitable worlds to photograph could have better luck searching for moons than for alien planets, scientists say. A moon heated by the pull of its parent planet could be visible even when the planet is hidden from view.


Powered by gravitational tugging from a planet, these exomoons would remain bright throughout their lifetimes, not just in their youth. This means stars of various ages could be hosting planets with photogenic moons.






“Unlike traditional direct imaging, there’s no star that would be a bad candidate,” researcher Mary Anne Peters told SPACE.com.


Kneading alien moons


As a moon travels around its planet, the larger body tries to circularize the orbit of the smaller. But if the planet hosts more than one moon, a power struggle may ensue as the smaller bodies tug at one another. The resulting heat radiates from the moon, making it bright enough to show up in a visual image. [9 Exoplanets That Could Host Alien Life]


Planets emit heat for only a short time after their formation, limiting how long they can be directly imaged. But tidally heated moons would continue to give off heat throughout their lifetimes.


How much heating a moon undergoes would depend on its location. A tighter orbit results in stronger gravitational tugs and a brighter image. But too close would be fatal.


“If it gets too close, it would be torn into a ring, such as the one around Saturn,” Peters said.


On the other hand, too far away would leave the moon too cool and dim to be imaged.


Just how common are such tidally heated moons? Of the 146 moons in the Earth’s solar system, four are tidally locked.


Io, Europa, and Ganymede orbit Jupiter. Their tugs on one another counteract the attempts of the gas giant to circularize their orbit. All three experience some form of tidal heating, with the closest, Io, feeling the strongest effects.


“Jupiter basically kneads Io and heats the interior by deforming it,” Phillips said.


This excess energy radiates from Io, making it brighter. Saturn’s moon Enceladus also experiences similar pressure as it interacts with the planet and other moons.


No such moons have been discovered outside the solar system, though Kepler, the space observatory orbiting the sun, should be sensitive enough to spot exomoons.


“There has to be at least two moons there, or the tidal heating will go away on very short times, so it only lasts a very small fraction of the lifetime of that system,” Peters said.


In most cases, only the closest moons would be hot and bright enough to be imaged.


But they also would have to be big enough. Io, for example, is less than a third as wide as Earth ? too small to image from afar. If it were Earth-size, it would be bright enough to detect with the upcoming James Webb Space Telescope, according to Peters.


Imaging hot moons doesn’t depend on a new space telescope, however.


“As far as current instrumentation, I think Spitzer would have the best chance of seeing these things,” Peters said. Kepler should also be able to register a distant moon. But she emphasized that the James Webb telescope would be the best possible tool.


The research was presented at the 221st meeting of the American Astronomical Society in Long Beach, California last month.


The new habitable zone


Warmed by their planet rather than their star, tidally heated moons could also shift the definition of the habitable zone, the region where liquid water could exist on a body, making it ideal for the generation of life. For water to exist, the planet — or moon — must be not too hot and not too cold. Traditionally, the region is defined by the distance from the star, but a tidally heated planet doesn’t rely on its sun.


“You could have this [heating] occur at any distance, the distance of Mars or the distance of Pluto,” Peters said.


When it comes to imaging, the long range is a plus. A planet in its sun’s habitable zone can find itself drowned out by the light from its star. But a distantly orbiting exomoon wouldn’t have that complication.


Like Io and Enceladus, tidally heated exomoons would be more likely to be volcanically active, Peters said. Such volcanism could aid in the creation of an atmosphere on the moon, another helpful ingredient when it comes to the evolution of life.


Io has a very thin atmosphere, but Peters explained that has more to do with its small size. Io lacks the gravity to hold onto a significant atmosphere. But things could be different with a larger moon.


“There’s no reason why these tidally heated objects could not be habitable,” Peters said.


Follow SPACE.com on Twitter @Spacedotcom. We’re also on Facebook & Google+


Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Space and Astronomy News Headlines – Yahoo! News





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'Stop whining about right-wing media'




Former vice president Al Gore promotes his new book, "The Future" on January 30, 2013 in New York City.




STORY HIGHLIGHTS


  • Al Gore says right-wing media help account for resistance to Democrats' policies

  • President Barack Obama said media coverage could determine future of bipartisanship

  • Howard Kurtz: Fox News, Rush Limbaugh have influence, but White House has bigger voice

  • He says conservative media gained support because of belief established media leaned left




Editor's note: Howard Kurtz is the host of CNN's "Reliable Sources" and is Newsweek's Washington bureau chief. He is also a contributor to the website Daily Download.


(CNN) -- I never realized that the conservative media were so eye-poppingly powerful.


So mighty, in fact, that liberal politicians can't seem to stop talking about how they are running roughshod over the country.



Howard Kurtz

Howard Kurtz



My response: Can we please stop the whining?


The latest to rant about the right is Al Gore. The former vice president told Charlie Rose that President Barack Obama had been cautious, and when the CBS anchor asked whether there was "a very hostile environment for progressive ideas," Gore had his culprit ready:



"Fox News and right-wing talk radio. In Tennessee there's an old saying if you see a turtle on a fence post you can be pretty sure it didn't get there by itself. And the fact that we have 24/7 propaganda masquerading as news, it does have an impact."


Watch: Why Geraldo Rivera's Senate hopes are an empty vault


OK, Gore doesn't like Fox. So he started what he hoped would be a liberal counterweight in Current TV, spent millions on such stars as Keith Olbermann, and ... the channel flopped. It was such a failure that he just sold it to Al Jazeera for an estimated personal take of $100 million.










Leave aside the obvious contradiction of a climate change crusader selling to a network largely financed by the petrodollar kingdom of Qatar. Whatever you think of Fox, Rupert Murdoch's network has been a financial success and Current TV was anything but. Isn't that the free market at work?


Watch: The media's gushing send-off for Hillary Clinton


Obama often invokes the conservative media, most recently in an interview with The New Republic. Asked about working with Republicans in his second term, the president said: "One of the biggest factors is going to be how the media shapes debates. If a Republican member of Congress is not punished on Fox News or by Rush Limbaugh for working with a Democrat on a bill of common interest, then you'll see more of them doing it."


Now it's true that Fox or Limbaugh can boost or batter any lawmaker, and that they can help drive a controversy into the broader mainstream media. But we're talking here about the president of the United States. He has an army, a navy and a bunch of nuclear weapons, not to mention an ability to command the airwaves at a moment's notice. And he's complaining about a cable channel and a radio talk-show host?


Limbaugh later offered this response: "If Fox News and I are the only thing keeping the Republicans from caving to Barack Obama on every issue, I'm not paid enough."


Watch: Does Sarah Palin have a future after Fox?


I have been through this before. It was on my "Reliable Sources" program, in the fall of 2009, that the White House declared war on Fox News. Anita Dunn, then the White House communications director, called Fox "the communications arm of the Republican Party" and said, "It is not really a news network anymore."


The resulting furor gave Fox months of fodder and was widely judged a tactical misstep that if anything elevated the network's role.


There are times when many Fox programs, including in the nonopinion hours, appear to be on a jihad against the administration. And these days, MSNBC can be counted on to defend the Democrats almost around the clock.


But let's face it: These are cable channels with relatively modest audiences, and their impact is sometimes exaggerated inside the Beltway echo chamber. After all, Obama handily won re-election despite the best efforts of Sean Hannity and Limbaugh.


Watch: New York Times censors company's vulgar name


What liberals sometimes forget is that the conservative media took root because many Americans felt the fourth estate was too left-wing. ABC, NBC, CBS, NPR, The New York Times and The Washington Post all strive for fairness, in my view, but there is little question that they have a social and cultural outlook that leans to the left. Collectively, they have far more weight than Fox, talk radio and The Wall Street Journal editorial page.


Right-wing pundits make a convenient foil, but at times Obama seems to magnify their importance. After all, he's got the biggest bully pulpit of all.


Follow us on Twitter @CNNOpinion.


Join us on Facebook/CNNOpinion.


The opinions expressed in this commentary are solely those of Howard Kurtz.






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Beyonce puts Super Bowl ring on halftime; Hudson, Keys flawless








Beyonce looked like she stepped off from the recent air-brushed perfection of her GQ magazine cover, danced like a junior Tina Turner and generally owned her 12 minutes on a worldwide stage Sunday like few Super Bowl performers ever have.


But there were a few nagging questions: Was she live or was she canned? Or perhaps more to the point: Did it matter?


Beyonce’s performance had the lip-sync police out in force. The pop star fessed up to singing with a backing tape at the presidential inauguration a few weeks ago, but that should come as no surprise. Canned performances have been business as usual at Super Bowl-sized events for decades. For most performers, the question isn’t whether to use a backing tape, but whether to sing into an open microphone while the tape serves as a kind of aural safety net.






Sound engineers note that the entire performance has to be set up in six minutes at halftime, with no guarantees that the singer will be able to hear herself or that there will be technical glitches that compromise the performance. Most artists are in it strictly to look and sound good anyway. They don’t view it as a “performance” so much as a way to promote product to more than 100 million TV viewers; in Beyonce’s case, it was a free ad for her recent reunion and greatest hits album with Destiny’s Child.


And, wow, guess what? There she was with her Destiny Child companions Kelly Rowland and Michelle Williams! Williams coyly said there was nothing to the reunion rumors a few years ago, citing her commitment to appear in a touring version of the Broadway play “Fela!,” but miraculously she found a way to clear her schedule just in time.


The leather-clad trio looked like a walking, strutting advertisement for a dominatrix-boutique franchise. But Rowland and Williams came off as Beyonce’s backing band, dutifully singing harmonies on one of the singer’s biggest solo singles, "Single Ladies (Put a Ring on It)." Her Destiny’s Child accomplices were part of a huge ensemble of dancers and musicians that appeared to consist entirely of women.


Otherwise, it was the high-heeled Beyonce stomping her imprint on libidos everywhere: the silhouetted opening countoff into “Crazy in Love,” topped with a firecracker-spewing guitar solo; the Jamaican dancehall flavor of “Baby Boy”; the closing, signature ballad “Halo.” On the latter, the close-up TV images suggested that the singer was indeed belting it out, at least semi-“live.” But by then the verdict was already in: Beyonce affirmed that she’s the reigning all-purpose multimedia celebrity of our era, and she knows how to entertain.


The musical prelude to the game was relatively low-key in comparison. Marvin Gaye gave one of the longest and most celebrated versions of the National Anthem at a sporting event ever in 1983 at the NBA All-Star Game. But at 2:40, Alicia Keys went six seconds longer than Gaye in her interpretation before Sunday's kickoff.


Seated at a white grand piano, Keys offered a blues and jazz-tinged version of the technically demanding song. Like Gaye, she made the song seem fragile, even poignant, the intimacy undercutting any threat of the showboating that sank Christina Aguilera’s interpretation two years ago. There are many ways to perform the anthem – Kelly Clarkson belted out a concise, fat-free version in 1:34 at last year’s Super Bowl. But Keys certainly delivered one of the best of recent vintage.


Its tone was appropriate given what preceded it: Jennifer Hudson’s “America the Beautiful.” The singer gave a dignified reading, but the focus was deservedly on her smiling choir: 26 white-shirted, beribboned students from the Sandy Hook Elementary School in Connecticut, the scene of a mass murder last year that claimed 26 lives. Hudson herself has been a victim of gun violence; her performance of the National Anthem at the 2009 Super Bowl came only months after her mother, brother and nephew were killled in their Englewood home in Chicago.


greg@gregkot.com






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Mali Tuaregs seize two Islamist leaders fleeing French strikes


KIDAL, Mali (Reuters) - Tuareg rebels in northern Mali said on Monday they had captured two senior Islamist insurgents fleeing French air strikes toward the Algerian border, and France pressed ahead with its bombing campaign against al Qaeda's Saharan desert camps.


Pro-autonomy Tuareg MNLA rebels said they had seized Mohamed Moussa Ag Mohamed, an Islamist leader who imposed harsh sharia law in the desert town of Timbuktu, and Oumeini Ould Baba Akhmed, believed to be responsible for the kidnapping of a French hostage by the al Qaeda splinter group MUJWA.


"We chased an Islamist convoy close to the frontier and arrested the two men the day before yesterday," Ibrahim Ag Assaleh, spokesman for the MNLA, told Reuters from Ouagadougou in Burkina Faso. "They have been questioned and sent to Kidal."


France has deployed 3,500 ground troops, and warplanes and armored vehicles in its three-week-old Operation Serval (Wildcat) in Mali which has broken the Islamists' 10-month grip on northern towns, where they imposed sharia law.


Paris and its international partners want to prevent the Islamists from using Mali's vast desert north as a base to launch attacks on neighboring African countries and the West.


The MNLA, which seized control of northern Mali last year only to be pushed aside by better-armed Islamist groups, regained control of its northern stronghold of Kidal last week when Islamist fighters fled French airstrikes into the nearby desert and rugged Adrar des Ifoghas mountains.


The Tuareg group says it is willing to help the French-led mission by hunting down Islamists. It has offered to hold peace talks with the government in a bid to heal wounds between Mali's restive Saharan north and the black African-dominated south.


"Until there is a peace deal, we cannot hold national elections," Ag Assaleh said, referring to interim Malian President Dioncounda Traore's plan to hold polls on July 31.


Many in the southern capital Bamako - including army leaders who blame the MNLA for executing some of their troops at the Saharan town of Aguelhoc last year - strongly reject any talks.


French special forces took the airport in Kidal on Tuesday, reaching the most northern city previously held by the Islamist alliance. Though the MNLA says it controls Kidal, a Reuters reporter in the town saw a contingent of Chadian troops - part of a U.N.-backed African mission being deployed to help retake northern Mali - backing up French special forces there.


TARGETING REBEL BASES, DEPOTS


French Foreign Minister Laurent Fabius said warplanes were continuing bombing raids on Islamists in Mali's far north to destroy their supply lines and flush them out of remote areas.


"The objective is to destroy their support bases, their depots because they have taken refuge in the north and north-east of the country and can only stay there in the long-term if they have the means to sustain themselves," Fabius said.


"The army is working to stop that," he told French radio.


Jets attacked rebel camps on Sunday targeting logistics bases and training camps used by the al Qaeda-linked rebels near Tessalit, close to the Algerian border.


French President Francois Hollande made a one-day trip to Mali on Saturday, promising to keep troops in the country until the job of restoring government control in the Sahel state was finished. He was welcomed as a savior by cheering Malians.


The rebels' retreat to hideouts in the remote Adrar des Ifoghas mountains - where Paris believes they are holding seven French hostages - heralds a potentially more complicated new phase of France's intervention in its former colony.


"We are still in the same war, but we're entering a new battle," said Vincent Desportes, a French former general and now associate professor at Science-Po university in Paris.


"We will look to gradually wear out and destroy the terrorists that are sheltering in the Ifoghas. It's now a war of intelligence (services), strikes and probably action by special forces in the background."


Hollande said on Saturday that Paris would withdraw its troops from Mali once the landlocked West African nation had restored sovereignty over its territory and a U.N.-backed African military force could take over from the French soldiers.


Drawn mostly from Mali's West African neighbours, this force is expected to number more than 8,000. But its deployment has been badly hampered by shortages of kit and airlift capacity and questions about who will fund the estimated $1 billion cost.


Fabius said French soldiers may soon pull back from Timbuktu. Its residents had celebrated their liberation from the Islamists, who had handed down punishments including whipping and amputation for breaking sharia law.


The rebels also smashed sacred Sufi mausoleums and destroyed or stole some 2,000 ancient manuscripts at the South African-sponsored Baba Ahmed Institute, causing international outcry.


"A withdrawal could happen very quickly," Fabius said. "We're working towards it because we have no desire to stay there for the long-term.


(Additional reporting by John Irish in Paris, Daniel Flynn in Dakar and David Lewis in Timbuktu; Writing by Daniel Flynn; Editing by Pascal Fletcher and Jon Boyle)



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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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Super Bowl of firsts, lasts, bests


NEW ORLEANS (AP) — The journey to this Super Bowl wound through bounties and replacement refs, eventually bringing the big game back to the Big Easy — with a replacement quarterback, a sibling rivalry and a grand exit for one of the NFL's greatest players, clouded by the obscure healing powers of deer-antler spray.


It is a Super Bowl of comebacks, of firsts and lasts, and — if San Francisco wins — the best.


A win over the Baltimore Ravens on Sunday gives the 49ers six championships, matching Pittsburgh's titles in the Super Bowl era. Unlike the Steelers, the Niners have never lost one.


Of course, they haven't won one in 18 years, either.


"There's a tradition with the San Francisco 49ers, but I think these guys are paving their own way," said Hall of Fame receiver and three-time champion Jerry Rice. "They're playing with a lot of swagger."


Or as owner Denise DeBartolo York said, "We've come full circle and the dynasty will prevail."


New Orleans has come full circle, too. Ravaged by Hurricane Katrina in August 2005, losing a quarter of its population, abandoned by the Saints for an entire season, the city couldn't imagine hosting another Super Bowl. But as New Orleans recovered and rebuilt, it envisioned staging what Patriots owner Robert Kraft calls "the pre-eminent sporting event."


The NFL agreed it was time to return. And even if Commissioner Roger Goodell is despised here after slapping the Saints with suspensions and fines in the bounty scandal, the vibes from the French Quarter and Warehouse District this week have been supportive, even uplifting.


"It's also terrific for us to be back here in New Orleans," Goodell said, joking about voodoo dolls in his likeness. "Our 10th Super Bowl here, the first since Katrina, and it's clear this city is back bigger and better than ever."


There's the tale of the head coaching brothers, Baltimore's John and San Francisco's Jim, the first siblings to face off in a Super Bowl. And Ray Lewis, the pre-eminent linebacker of his generation on his self-proclaimed last ride. (His farewell party was somewhat sidetracked for two days this week when Lewis waved off a report that he tried to get unusual products like deer-antler spray to speed his recovery from an arm injury that sidelined him for 10 games.)


"There are so many storylines to this game that make it bigger than just the Super Bowl," 49ers CEO Jed York said.


Such as the Harbaughs plot about sons of a lifetime coach who took different paths to the top of the NFL.


John, older by 15 months, has made his career standing on the sideline with a headset. He's the only head coach to win playoff games in his first five seasons; his quarterback, Joe Flacco, has the same distinction as he heads into his first Super Bowl. Jim Harbaugh was a first-round draft pick and quarterbacked four teams in 14 pro seasons before going into coaching. He was an immediate success at San Diego — the Toreros in the college Pioneer League, not the Chargers in the NFL — and Stanford before the 49ers won a bidding war for him in 2011.


This week's family reunion has been light-hearted, though that figures to change Sunday.


"It's probably a little tougher emotionally," John Harbaugh said of facing his brother. "It's a little tougher just from the sense of I don't think you think about it when you're coaching against somebody else; it's more about the scheme and the strategy. There's a little bit of a relationship element that's more strong than maybe coaching against someone else.


"I'll have a better answer for you after the game. I've never been through this before. This is all new."


And oh-so-new for the QBs, Flacco and Colin Kaepernick.


Flacco is no fluke, holding the career record for road playoff wins with six. But until outplaying Peyton Manning and Tom Brady this year, he hadn't gotten the Ravens to the Super Bowl. He has eight touchdown passes and no interceptions in the postseason, padding a resume that soon will make him one very highly paid quarterback: Flacco's contract expires after this game. Even with a franchise tag applied by Baltimore (13-6), he'll make about $14.6 million next season.


"I think when you talk about winning as quarterbacks in the playoffs," Flacco said, "I would think that all of them have Super Bowl victories. So that's really the only one that matters, and that's what we're trying to get."


Naturally, so are the 49ers (13-4-1), whose midseason adoption of the pistol offense to best use Kaepernick's dynamic versatility added a dimension no one has been able to stop. The Niners might never have taken such a huge step had incumbent Alex Smith, in the midst of his best season, not sustained a concussion on Nov. 11. Kaepernick took over and the offense took off.


Once Smith was healthy, he no longer was the starter. Jim Harbaugh gambled by sticking with the raw second-year quarterback who brought more game-breaking skills to the position.


Difficult decisions like that are sometimes foolhardy, sometimes inspired.


This one worked superbly, and Kaepernick stands one victory from joining Joe Montana and Steve Young as a 49er Super Bowl champion.


"It was tough watching this team do well and not being able to contribute," said Kaepernick, more recognized before his promotion for his collection of tattoos than for his strong arm and sprinter's speed. "For me, what kept me going was the fact that I might get an opportunity to get out there. When I did, I needed to take advantage of it."


The 49ers hope to take advantage in the same Superdome where they were at their most dominant, beating Denver 55-10 in 1990 in the biggest rout the Super Bowl has seen.


The Steelers are recognized as the true powerhouse of the Super Bowl era, which is nearly a half-century old. Four of those titles came in the 1970s, with Mean Joe Greene and the Steel Curtain shutting down opponents while Terry Bradshaw, Franco Harris and Lynn Swann were scoring on them.


But the last two were in 2005 and 2008, and they've been perennial playoff qualifiers, too. That kept them in the football forefront.


For the 49ers the golden years of Montana, Rice, Young and Ronnie Lott ended with the 1994 season. They didn't even make the playoffs from 2003-10, and this is their first trip back to the Super Bowl.


Rice sees Super Bowl win No. 6 coming Sunday.


"I just think we had players who played well in the big game," he said. "My best football that I played, I think, happened in the playoffs and in the Super Bowl. I think it's the same with these players."


None of whom, except for center Jonathan Goodwin and linebacker Clark Haggans, has won a title. That's still one more ring than the Ravens have: Lewis is the sole NFL champion in Baltimore.


Lewis hungers for these teammates to taste their first title — and to do it in his last game.


"I've touched the Lombardi (Trophy), and I know how it feels," the perennial All-Pro said. "For these guys who've made this journey with me to feel that, it would be the perfect ending for my career."


Like Lewis, 49ers receiver Randy Moss also could be suiting up for the final time, although he hopes to play another year.


Grabbed off the scrap heap after his career spiraled into oblivion and no team would touch him in 2011, Moss didn't do much on the field (28 catches, 434 yards) this season. His loudest headlines came this week when he proclaimed himself the greatest receiver ever; maybe he's never seen Rice's numbers.


Teammates say Moss was very influential as a mentor and teacher.


"Randy's like my older brother," said Michael Crabtree, who emerged as a top receiver in his fourth pro season. "An older brother you would have that's been through a lot that you just can learn from just talking to him, watching him.


"He's a legend and I hope he'll be here next year."


Lewis won't be. He'll don the face paint, put on his No. 52 for the final time, and see if he can replicate the championship of a dozen years ago.


"You can never top the first one, because that's an unknown feeling," Lewis said before adding with a chuckle, eyes widening, "but a second one — that might be the only way you really can top it."


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Exxon’s 2012 profit of $44.9B just misses record






Exxon Mobil Corp. nearly set a record for annual profit. The oil giant reported Friday that 2012 net income was $ 44.88 billion, just $ 340 million — less than 1 percent — short of the company’s record set in 2008, when crude oil prices hit an all-time high. Exxon‘s profit for the last 10 years totals $ 343.4 billion.


— $ 44.88 billion in 2012






— $ 41.06 billion in 2011


— $ 30.46 billion in 2010


— $ 19.28 billion in 2009


— $ 45.22 billion in 2008


— $ 40.61 billion in 2007


— $ 39.50 billion in 2006


— $ 36.13 billion in 2005


— $ 25.33 billion in 2004


— $ 20.96 billion in 2003


Source: Exxon Mobil annual reports filed with the U.S. Securities and Exchange Commission


Energy News Headlines – Yahoo! News





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