Sunday, January 8, 2012

Asian Customers of Iran Look for Other Oil Sources

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Source: www.nytimes.com --- Friday, January 06, 2012
Buying less Iranian Oil would further tighten the economic vise on an increasingly defiant nation that announced plans for a new round of naval drills in the Strait of Hormuz. ...

Source: http://feeds.nytimes.com/click.phdo?i=efb3fdbe21f7f84c38158b1039b1c3c1

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Study: Wyoming wildlife trust creates 500 jobs

Story Published: Jan 6, 2012 at 5:00 AM MST

Story Updated: Jan 6, 2012 at 5:00 AM MST

CHEYENNE, Wyo. (AP) ? An economic analysis estimates the relatively young Wyoming Wildlife and Natural Resource Trust has created more than 500 jobs a year and about $21 million in worker income in the state since 2006.

It also estimates that every dollar invested in conservation easements returns $4 in economic value.

The trust is an independent state agency that was created in 2005. It funds projects that enhance and conserve wildlife habitat and natural resource values throughout the state. It has allocated more than $35 million to more than 320 projects across the state.

More than 200 separate entities have contributed money to help fund the projects.

The economic analysis of the state's investment in the trust was done by the University of Wyoming's Ruckelshaus Institute and The Trust for Public Land.

Source: http://www.kulr8.com/news/wyoming/136762138.html

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Saturday, January 7, 2012

Cornell scientists perform optical illusion, herald invisibility through bending of light (video)

Taken at face value, you'd almost think that Cornell scientists had successfully bent the fabric of time. With gobs of fiber optics at their disposal, the researchers have devised a method to distort light in a way that makes events in time undetectable to observers. Initial success in this Pentagon-backed invisibility project has cloaked an event for 40 trillionths of a second, leading Cornell scientists to tout, "You kind of create a hole in time where an event takes place. You just don't know that anything ever happened."

The feat is performed by separating light into more fundamental wavelengths, first by slowing the red and speeding the blue. A resultant gap forms in the beam, which leaves a small window for subterfuge. Then, as the light passes through another set of fibers -- which slow the blue and speed the red -- light reaches the observer as if no disturbance had taken place at all. While the brilliant researchers ultimately imagine art thieves being able to pass undetected through museums with this method, the immediate challenge will be in prolonging the light gap. This could prove frustrating, however, due to the scattering and dispersion effects of light. As Cornell scientists dream of their ultimate heist, visual learners will most certainly want to check the video after the break.

Continue reading Cornell scientists perform optical illusion, herald invisibility through bending of light (video)

Cornell scientists perform optical illusion, herald invisibility through bending of light (video) originally appeared on Engadget on Fri, 06 Jan 2012 02:08:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/01/06/cornell-scientists-herald-invisibility/

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Friday, January 6, 2012

Quick wickets leave India reeling at SCG

NEW DELHI: India were staring at an innings defeat in the second Test losing Sachin Tendulkar, VVS Laxman, captain MS Dhoni and Virat Kohli in quick succession on the fourth day at the Sydney Cricket Ground on Friday.

Scorecard

James Pattinson got his first wicket when he trapped Kohli plumb in front of the wicket with a full straight delivery that Kohli tried to get across and flick but missed. The ball stayed low as well and hit him right in front.

Ben Hilfenhaus took his fourth wicket by dismissing Dhoni taking an easy return catch. Dhoni looked to drive the full delivery but hit it back without control. It lobbed up to Hilfenhaus who took it easily. It initially seemed as if it was a bump ball as Hilfenhaus did not celebrate, but the slip cordon came haring down in celebration. The on-field umpires referred to the third umpire and the replays showed that the ball came directly off the face of the bat towards the bowler.

Hilfenhaus dismissed Laxman with the second new ball that was pitched full just outside off and moved away just a touch. Laxman was squared up in defense and the ball went past the bat's edge to clip the off-stump leaving Laxman stunned.

Laxman hit 7 fours in his 66-run knock.

Tendulkar missed his 100th ton yet again as Australian captain Michael Clarke had him caught by Michael Hussey at first slip for 80.

Clarke tossed up a delivery outside off, Tendulkar came forward to defend but the ball spun away and took the outside edge, it went to Brad Haddin who was slow in getting up, but such was the luck for Tendulkar that the ball went off Haddin's gloves towards Hussey at first slip.

The moment Tendulkar's wicket fell there was stunned silence at the SCG and one could hear only Haddin and Hussey screaming in delight. Then the crowd gave the master a standing ovation as he departed for a wonderful 80.

Tendulkar hit 9 fours and added 104 runs with VVS Laxman for the fourth wicket.

India lost Gautam Gambhir in the first session.

Laxman scored a 92-ball 50 soon after lunch, which included six fours, to take India past the 250-run mark.

India, resumed at 114/2 on Friday, lost overnight batsman Gambhir (83) but scored 129 runs off 27 overs during the two-hour session.

Tendulkar hit a fighting half-century to lead India's battle alongwith VVS Laxman against the Aussies. Tendulkar's fifty came in 89 balls with the help of seven boundaries.

Earlier in the day, seamer Peter Siddle, who replaced Ben Hilfenhaus, gave Australia a crucial breakthrough as he got rid of Gambhir.

Gambhir, who scored 83 of 142 balls with the help of 11 fours, tried to play the shot on the on-side but it took the leading edge which was well caught by David Warner at point.

Gambhir and Tendulkar added 68 runs for the third wicket.

The conditions were little overcast on Day 4 due to some showers on Thursday evening but the weather is perfectly fine for the game of cricket at the SCG.

India, who have never won a Test series in Australia, reached third day stumps at 114 for two, 354 behind, with Gautam Gambhir on 68 and Sachin Tendulkar eight.

Earlier on the third day of the Test, Indian opener Virender Sehwag (4) and an uncertain Rahul Dravid (29) were cooling their heels in the pavilion, which raises the possibility of an innings defeat in the match.

Michael Hussey remained unbeaten on 150 but the glory of the day belonged to Australian skipper Michael Clarke who was left unconquered on 329, the highest score ever made at the SCG, which is hosting its 100th Test.

Triple centurion Michael Clarke put team interests ahead of personal glory as Australia moved towards a crushing win over India in the second Test.

Captain Clarke, unbeaten on 329, declared Australia's first innings closed at 659 for four to press for victory - despite various individual milestones beckoning.

After building a massive 468-run lead, Clarke called a halt to the onslaught to give his attack seven and a half sessions to bowl India out.

He was rewarded with the key wickets of Virender Sehwag and Rahul Dravid as the tourists dug in to save going 2-0 down in the four-Test series.

India had an early stumble when big-hitter Sehwag was brilliantly plucked from the air by the athletic David Warner at point off Ben Hilfenhaus for four.

Dravid's reputation as "The Wall" took another hit when he was out bowled for the third time in the series, this time by Hilfenhaus for 29.

Gambhir was lucky enough to survive after he was dropped by wicketkeeper Brad Haddin on 66 off James Pattinson in the penultimate over of the day.

Clarke's score is the fourth highest score by an Australian in Test cricket, behind Matthew Hayden (380), Sir Donald Bradman (334) and Mark Taylor (334).

This was the 25th instance of a triple century in Test cricket. Only Bradman, Brian Lara, Virender Sehwag and Chris Gayle are the four batsmen who have hit triple century twice in Tests.

Source: http://timesofindia.feedsportal.com/fy/8at2Etd0VIN6I1Yp/story01.htm

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Britney Spears begins choosing a wedding dress designer

Coordinates28?36?50?N77?12?32?N
years active1992?present
backgroundsolo_singer
birth nameBritney Jean Spears
birth dateDecember 02, 1981
birth place
genrePop, dance
occupationSinger, songwriter, dancer, actress, record producer, author, fashion designer, video director
instrumentVocals, piano
labelJive
associated actsInnosenseThe New Mickey Mouse Club
website }}
Britney Jean Spears (born 1981) is an American recording artist and entertainer. Born in McComb, Mississippi, and raised in Kentwood, Louisiana, Spears began performing as a child, landing acting roles in stage productions and television shows. She signed with Jive Records in 1997 and released her debut album ...Baby One More Time in 1999. During her first decade within the music industry, she became a prominent figure in mainstream popular music and popular culture, followed by a much-publicized personal life. Her first two albums established her as a pop icon and broke sales records, while title tracks "...Baby One More Time" and "Oops!... I Did It Again" became international number-one hits. Spears was credited with influencing the revival of teen pop during the late 1990s.

In 2001, she released her third studio album Britney and expanded her brand, playing the starring role in the film Crossroads. She assumed creative control of her fourth studio album, In the Zone (2003), which yielded chart-topping singles "Me Against the Music", "Toxic" and "Everytime". After the release of two compilation albums, Spears experienced personal struggles and her career went under hiatus. Her fifth studio album, Blackout, was released in 2007 and despite receiving little promotion, it spawned hits "Gimme More" and "Piece of Me". In 2008, her erratic behavior and hospitalizations caused her to be placed in a conservatorship. The same year, her sixth studio album Circus was released, with the global chart-topping lead single "Womanizer". She embarked on her highest-grossing global concert tour, The Circus Starring Britney Spears, in 2009. Her seventh studio album Femme Fatale, released in 2011, has become the first of her albums to yield three top ten singles in the United States.

Spears has sold over 100 million records worldwide. According to the Recording Industry Association of America (RIAA), she is the eighth top-selling female artist in the United States, with 33?million certified albums. Spears is also recognized as the best-selling female artist of the first decade of the 21st century, as well as the fifth overall. She was ranked the 8th Artist of the 2000s by Billboard. In June 2010, Spears was ranked sixth on Forbes list of the 100 Most Powerful and Influential celebrities in the world; she is also the third most mentioned musician on the internet, according to Forbes.

Biography

1981?97: Early life and career beginnings

Britney Jean Spears was born on December 2, 1981, the second child of Lynne Irene (n?e Bridges) and James Parnell Spears. She is of English heritage through her maternal grandmother, who was born in London, and of distant Maltese descent. Her siblings are Bryan James and Jamie Lynn. At age three, she started to attend dance lessons in her hometown of Kentwood, Louisiana, and was selected to perform a solo at the annual recital. During her childhood, she also attended gymnastics and voice lessons, and won many state-level competitions and children's talent shows. Spears made her local stage debut at age five, singing "What Child Is This?" at her kindergarten graduation. She said about her ambition as a child, "I was in my own world, [...] I found out what I'm supposed to do at an early age". At age eight, Spears and her mother Lynne traveled to Atlanta for an audition in the 1990s revival of The Mickey Mouse Club. Casting director Matt Cassella rejected her for being too young to join the series at the time, but introduced her to Nancy Carson, a New York City talent agent. Carson was impressed with Spears's vocals and suggested enrolling her at the Professional Performing Arts School; shortly after, Lynne and her daughters moved to a sublet apartment in New York. Spears was hired for her first professional role as the understudy for the lead role of Tina Denmark in the Off-Broadway musical Ruthless!. She also appeared as a contestant on the popular television show Star Search, as well as being cast in a number of commercials. In December 1992, she was finally cast in The Mickey Mouse Club, but returned to Kentwood after the show was canceled. She enrolled at Parklane Academy in nearby McComb, Mississippi. Although she made friends with most of her classmates, she compared the school to "the opening scene in Clueless with all the cliques. [...] I was so bored. I was the point guard on the basketball team. I had my boyfriend, and I went to homecoming and Christmas formal. But I wanted more."

In June 1997, Spears was in talks with manager Lou Pearlman to join female pop group Innosense. Lynne asked family friend and entertainment lawyer Larry Rudolph for his opinion and submitted a tape of Spears singing over a Whitney Houston karaoke song along with some pictures. Rudolph decided he wanted to pitch her to record labels, therefore she needed a professional demo. He sent Spears an unused song from Toni Braxton; she rehearsed for a week and recorded her vocals in a studio with a sound engineer. Spears traveled to New York with the demo and met with executives from four labels, returning to Kentwood the same day. Three of the labels rejected her, arguing audiences wanted pop bands such as the Backstreet Boys and the Spice Girls, and "there wasn't going to be another Madonna, another Debbie Gibson, or another Tiffany." Two weeks later, executives from Jive Records returned calls to Rudolph. Senior vice president of A&R Jeff Fenster stated about Spears's audition that "It's very rare to hear someone that age who can deliver emotional content and commercial appeal. [...] For any artist, the motivation?the 'eye of the tiger'? is extremely important. And Britney had that." They appointed her to work with producer Eric Foster White for a month, who reportedly shaped her voice from "lower and less poppy" delivery to "distinctively, unmistakably Britney." After hearing the recorded material, president Clive Calder ordered a full album. Spears had originally envisioned "Sheryl Crow music, but younger more adult contemporary" but felt all right with her label's appointment of producers, since "It made more sense to go pop, because I can dance to it?it's more me." She flew to Cheiron Studios in Stockholm, Sweden, where half of the album was recorded from March to April 1998, with producers Max Martin, Denniz Pop and Rami Yacoub, among others.

1998?00: ...Baby One More Time and Oops!... I Did It Again

After Spears returned to the United States, she embarked on a shopping mall promotional tour to promote her forthcoming album. Her show was a four song set and she was accompanied by two back up dancers. Her first concert tour followed, as an opening act for 'N Sync. Her debut album, ...Baby One More Time, was released on January 1999. It debuted at number one on the U.S. Billboard 200 and was certified two-times platinum by the Recording Industry Association of America after a month. Worldwide, the album topped the charts in fifteen countries and sold over ten million copies in a year. It became the biggest selling album ever by a teenage artist. The title track was released as the lead single from the album. Originally, Jive Records wanted its music video to be animated; however, Spears rejected it, and suggested the final idea of a Catholic schoolgirl. The single sold 500,000 copies on its first day, and peaked at number one on the Billboard Hot 100, topping the chart for two consecutive weeks. "...Baby One More Time" later received a Grammy nomination for Best Female Pop Vocal Performance. The title track also topped the singles chart for two weeks in the United Kingdom, and became the fastest-selling single ever by a female artist, shipping over 460,000 copies. It would later become the 25th most successful song of all time in British chart history. Spears is also the youngest female artist to have a million seller in the country. "(You Drive Me) Crazy" was released as the third single from the album. It became a top-ten hit worldwide and propelled ...Baby One More Time to sell 26 million copies.

The April 1999 cover of Rolling Stone featured Spears lying on her bed, clad with a bra, shorts and an open top. The American Family Association (AFA) referred to the shoot as "a disturbing mix of childhood innocence and adult sexuality" and called to "God-loving Americans to boycott stores selling Britney's albums." Spears responded to the outcry commenting, "What's the big deal? I have strong morals. [...] I'd do it again. I thought the pictures were fine. And I was tired of being compared to Debbie Gibson and all of this bubblegum pop all the time." Shortly before, Spears had announced publicly she would remain a virgin until marriage. On June 28, 1999, Spears began her first headlining ...Baby One More Time Tour in North America, which was positively received by critics, but generated some controversy due to her racy outfits. An extension of the tour, titled Crazy 2k, followed in March 2000. Spears premiered songs from her upcoming second album during the show. Oops!... I Did It Again, her second studio album, was released in May 2000. It debuted at number one in the US, selling 1,3 million copies, breaking the SoundScan record for the highest debut sales by any solo artist. The album sold over 20 million copies worldwide. Rob Sheffield of Rolling Stone said that "the great thing about Oops!?? under the cheese surface, Britney's demand for satisfaction is complex, fierce and downright scary, making her a true child of rock & roll tradition." The album's lead single, "Oops!... I Did It Again", peaked at the top of the charts in Australia, New Zealand, the United Kingdom and many other European nations. The album as well as the title track received Grammy nominations for Best Pop Vocal Album and Best Female Pop Vocal Performance, respectively.

The same year, Spears embarked on the Oops!... I Did It Again World Tour, which grossed $40.5?million; she also released her first book, Britney Spears' Heart-to-Heart, co-written with her mother. On September 7, 2000, Spears performed at the 2000 MTV Video Music Awards. Halfway through the performance, she ripped off her black suit to reveal a sequined flesh-colored bodysuit, followed by heavy dance routine. It is noted by critics as the moment that Spears showed signs of becoming a more provocative performer. Amidst media speculation, Spears confirmed she was dating 'N Sync member Justin Timberlake.

2001?03: Britney, Crossroads and In the Zone

In February 2001, Spears signed a $7?8 million promotional deal with Pepsi, and released another book co-written with her mother, entitled A Mother?s Gift. Her third studio album, Britney, was released in November 2001. While on tour, she felt inspired by hip hop artists such as Jay-Z and The Neptunes and wanted to create a record with a funkier sound. The album debuted at number one in the Billboard 200 and reached top five positions in Australia, the United Kingdom and mainland Europe and sold over 12 million copies worldwide. Stephen Thomas Erlewine of Allmusic called Britney "the record where she strives to deepen her persona, making it more adult while still recognizably Britney. [...] It does sound like the work of a star who has now found and refined her voice, resulting in her best record yet." The album was honored with two Grammy nominations?Best Pop Vocal Album and Best Female Pop Vocal Performance for "Overprotected"? and was listed in 2008 as one of Entertainment Weekly's "100 Best Albums from the Past 25 Years". The album's first single, "I'm a Slave 4 U", became a top-ten hit worldwide.

Spears's performance of the single at the 2001 MTV Video Music Awards featured a caged tiger and a large albino python draped over her shoulders. It was harshly received by animal rights organization PETA, who claimed the animals were mistreated and scrapped plans for an anti-fur billboard that was to feature Spears. To support the album, Spears embarked on the Dream Within a Dream Tour. The show was critically praised for its technical innovations, the pi?ce de r?sistance being a water screen that pumped two tons of water into the stage. The tour grossed $43.7?million, becoming the second highest grossing tour of 2002 by a female artist, behind Cher's Farewell Tour. Her career success was highlighted by Forbes in 2002, as Spears was ranked the world's most powerful celebrity. Spears also landed her first starring role in Crossroads, released in February 2002. Although the film was largely panned, most critics actually praised Spears's acting. Crossroads, which had a $11 million budget, went on to gross over $57 million worldwide. In June 2002, Spears opened her first restaurant, Nyla, in New York City, but terminated her relationship in November, citing mismanagement and "management's failure to keep her fully apprised". In July 2002, Spears announced she would take a six month break from her career; however, she went back into the studio in October to record her new album. Spears's relationship with Justin Timberlake ended after three years. In December 2002, Timberlake released the song "Cry Me a River" as the second single from his solo debut album. The music video featured a Spears look-alike and fueled the rumors that she had been unfaithful to him. As a response, Spears wrote the ballad "Everytime" with her backing vocalist and friend Annet Artani. The same year, Limp Bizkit frontman Fred Durst confirmed that he was in a relationship with Spears, only to deny it later. In a 2009 interview, he explained that "I just guess at the time it was taboo for a guy like me to be associated with a gal like her." Spears opened the 2003 MTV Video Music Awards with Christina Aguilera, performing "Like a Virgin". Halfway through they were joined by Madonna, with whom they both kissed. The incident was highly publicized.

Spears released her fourth studio album, In the Zone, in November 2003. She assumed more creative control by writing and co-producing most of the material. Vibe called it "A supremely confident dance record that also illustrates Spears's development as a songwriter." NPR listed the album as one of "The 50 Most Important Recording of the Decade", adding that "the decade's history of impeccably crafted pop is written on her body of work." In the Zone sold over 609,000 copies in the United States and debuted at the top of the charts, making Spears the first female artist in the SoundScan era to have her first four studio albums to debut at number one. It also debuted at the top of the charts in France and the top ten in Belgium, Denmark, Sweden and the Netherlands. In the Zone sold over 10 million copies worldwide. The album produced the hit singles: "Me Against the Music", a collaboration with Madonna; "Toxic"?which won a Grammy for Best Dance Recording; "Everytime" and "Outrageous".

2004?07: Compilation albums, motherhood, personal struggles and Blackout

On January 3, 2004, Spears married childhood friend Jason Allen Alexander at The Little White Wedding Chapel in Las Vegas, Nevada. The marriage was annulled 55 hours later, stating that Spears "lacked understanding of her actions". She began The Onyx Hotel Tour in support of In the Zone in March 2004. On June 8, 2004, Spears fell and injured her left knee during the music video shoot for "Outrageous". She was taken immediately to a local hospital, where doctors performed an MRI scan and found floating cartilage. The following day, Spears underwent arthroscopic surgery. She was forced to remain six weeks with a thigh brace, followed by eight to twelve weeks of rehabilitation, which caused The Onyx Hotel Tour to be canceled. During 2004, Spears became involved in the Kabbalah Centre through her friendship with Madonna.

In July 2004, she announced her engagement to American dancer Kevin Federline, whom she had met three months before. The romance received intense attention from the media, since Federline had recently broken up with actress Shar Jackson, who was still pregnant with their second child at the time. The initial stages of their relationship were chronicled in Spears's first reality show Britney & Kevin: Chaotic. They held a wedding ceremony on September 18, 2004, but were not legally married until three weeks later on October 6 due to a delay finalizing the couple's prenuptial agreement. Shortly after, she released her first fragrance with Elizabeth Arden, Curious, which broke the company's first-week gross for a perfume. In October 2004, Spears announced she would be taking another career break to start a family. Greatest Hits: My Prerogative, her first greatest hits compilation album, was released in November 2004. Spears's cover version of Bobby Brown's "My Prerogative" was released as the lead single from the album, reaching the top of the charts in Finland, Ireland, Italy and Norway. The second single, "Do Somethin'", was a top ten hit in Australia, the United Kingdom and other countries of mainland Europe. Worldwide, Greatest Hits: My Prerogative sold over 5 million copies. In late 2004, Spears went on KIIS-FM radio in Los Angeles, CA to play a new demo titled "Mona Lisa." The demo was to be the first single from an upcoming album called the "Original Doll." However, Spears' label later cancelled the album for unknown reasons. Spears gave birth to her first child, Sean Preston Federline, on September 14, 2005.

In November 2005, she released her first remix compilation, B in the Mix: The Remixes, which consists of eleven remixes. In February 2006, pictures surfaced of Spears driving with her son Sean, on her lap instead of in a car seat. Child advocates were horrified by the photos of her holding the wheel with one hand and Sean with the other. Spears claimed that the situation happened because of a frightening encounter with paparazzi, and that it was a mistake on her part. The following month, she guest-starred on the Will & Grace episode "Buy, Buy Baby" as closeted lesbian Amber Louise. She publicly announced she no longer studied Kabbalah in June 2006, explaining, "my baby is my religion." Two months later, Spears posed nude for the cover of Harper's Bazaar. The picture was heavily compared to Demi Moore's August 1991 Vanity Fair cover. She gave birth to her second child, Jayden James Federline, on September 12, 2006. On November 7, 2006, Spears filed for divorce from Federline, citing irreconcilable differences. Their divorce was finalized in July 2007, when the couple reached a global settlement and agreed to share joint custody of their children. Spears's aunt Sandra Bridges Covington, with whom she had been very close, died of ovarian cancer in January. On February 16, 2007, Spears stayed in a drug rehabilitation facility in Antigua for less than a day. The following night, she shaved her head with electric clippers at a hair salon in Tarzana, Los Angeles. She admitted herself to other treatment facilities during the following weeks. After completing a month-long program at Promises, she wrote on her website, "I truly hit rock bottom. Till this day I don't think that it was alcohol or depression. [...] was like a bad kid running around with ADD." In May 2007, she produced a series of promotional concerts at House of Blues venues, titled The M+M's Tour. Spears lost physical custody of her children to Federline on October 1, 2007. The reasons of the court ruling were not revealed to the public.

Her fifth studio album, Blackout, was released in October 2007. It debuted at the top of charts in Canada and Ireland, number two in the U.S. Billboard 200,?held off from the top spot by Eagles's Long Road out of Eden? France, Japan, Mexico and the United Kingdom and the top ten in Australia, Korea, New Zealand and many European nations. In the United States, Spears became the only female artist to have her first five studio albums debut at the two top slots of the chart. Blackout sold over 3.1 million copies worldwide. Peter Robinson of The Observer said that "Britney has delivered the best album of her career, raising the bar for modern pop music with an incendiary mix of Timbaland's Shock Value and her own back catalogue." Dennis Lim of Blender commented, "Spears?s fifth studio album is her most consistent, a seamlessly entertaining collection of bright, brash electropop." Blackout won Album of the Year at MTV Europe Music Awards 2008 and was listed as the fifth Best Pop Album of the Decade by The Times. Spears performed the lead single "Gimme More" at the 2007 MTV Video Music Awards. The performance was panned by many critics. David Willis of BBC stated her performance would "go down in the history books as being one of the worst to grace the MTV Awards". Despite the backlash, the single rocketed to worldwide success, peaking at number one in Canada and the top ten in almost every country it charted. The second single "Piece of Me" reached the top of the charts in Ireland and reached the top five in Australia, Canada, Denmark, New Zealand and the United Kingdom. The third single "Break the Ice" was released the following year and had moderate success due to Spears not being able to promote it properly. In December 2007, Spears began a relationship with paparazzo Adnan Ghalib.

2008?10: Conservatorship and Circus

On January 3, 2008, Spears refused to relinquish custody of her sons to Federline's representatives. She was hospitalized at Cedars-Sinai Medical Center, after police that arrived at her house noted she appeared to be under the influence of an illicit substance. The following day, Spears's visitation rights were suspended at an emergency court hearing, and Federline was given sole physical and legal custody of the children. On January 31, 2008, Spears was committed to the psychiatric ward of Ronald Reagan UCLA Medical Center and put on 5150 involuntary psychiatric hold. The court placed her under temporary conservatorship of her father James Spears and attorney Andrew Wallet, giving them complete control of her assets. Spears was released on February 6, 2008. Her parents expressed disappointment and concern at the decision to release her. The following month, she guest-starred on the How I Met Your Mother episode "Ten Sessions" as receptionist Abby. She received positive reviews for her performance, as well as bringing the series its highest ratings ever. In July 2008, Spears regained some visitation rights after coming to an agreement with Federline and his counsel. On September 7, 2008, Spears opened the MTV Video Music Awards with a pre-taped comedy sketch with Jonah Hill and an introduction speech. She won Best Female Video, Best Pop Video and Video of the Year for "Piece of Me". A 60-minute introspective documentary, Britney: For the Record, was produced to chronicle Spears' return to the recording industry. Directed by Phil Griffin, For the Record was entirely shot in Beverly Hills, Hollywood, and New York City during the third quarter of 2008. Main shooting began on September 5, 2008, two days before Spears' appearance at the MTV Video Music Awards. For the Record was broadcast on MTV on November 30, 2008 to 5.6 million viewers for the two airings on the premiere night. MTV reported that Spears' documentary garnered on average, the highest rating in its Sunday night timeslot, in the network's history.

Her sixth studio album Circus, was released in December 2008. It received positive reviews from critics; according to the music review aggregation of Metacritic, it garnered an average score of 64/100. Circus debuted at number one in Canada, Czech Republic and the United States, and inside the top in many European nations. In the United States, Spears became the youngest female artist to have five albums debut at number one, earning a place in the Guinness Book of World Records. She also became the only act in the Soundscan era to have four albums debut with 500,000 or more copies sold. Circus became one of the fastest-selling albums of the year, and has sold 4 million copies worldwide. Its lead single, "Womanizer", became her first number one in the Billboard Hot 100 since "...Baby One More Time" and topped the charts in countries such as Belgium, Canada, Denmark, Finland, France, Norway and Sweden. It was also nominated for a Grammy in the category of Best Dance Recording. In January 2009, Spears and her father James obtained a restraining order against her former manager Sam Lufti, ex-boyfriend Adnan Ghalib and attorney Jon Eardley?all of whom, court documents claim, had been conspiring to gain control of Spears's affairs. The restraining order forbids Lutfi and Ghalib from contacting Spears or coming within 250 yards of her, her property or family members. Spears embarked on The Circus Starring Britney Spears in March 2009. With a gross of U.S. $131.8 million, it became the fifth highest grossing tour of the year.

She released her second greatest hits album, The Singles Collection in November 2009. "3" became her third number one single in the US, and was the first song to debut at the top of the charts in three years. Later that month, she released an application for iPhone and iPod Touch titled "It's Britney!". In May 2010, Spears's representatives confirmed she was dating her agent Jason Trawick, and that they had decided to end their professional relationship to focus on their personal relationship. Spears designed a limited edition clothing line for Candie's, which was released in stores in July 2010. On September 28, 2010, she made a cameo appearance on a Spears-themed tribute episode of American TV show Glee, titled "Britney/Brittany". Spears approved of the episode, although her appearances received mixed reviews from critics. The episode drew Glee's second largest audience, as well as the show's highest ratings ever.

2011?present: Femme Fatale

In March 2011, Spears released her seventh studio album Femme Fatale. Max Martin and Dr. Luke executive produced the album and the album's first single "Hold It Against Me". The single debuted at number-one on the Billboard Hot 100. This gave Spears her fourth number-one single on the chart, and made her only the second artist in history to have two consecutive singles debut at number-one, after Mariah Carey. The album peaked at number one in the United States(selling 276,000 copies), Canada, and Australia, and peaked inside the top ten on nearly every other chart. The album's peak in the United States ties Britney with Mariah Carey and Janet Jackson for the third-most number ones among women. Femme Fatale has sold over 590,000 copies in the United States and has been certified platinum by the RIAA. The album received positive critical reviews after its release, receiving a score of 67 on Metacritic, her highest critical score since Oops!... I Did It Again, with many critics naming the album one of Spears's best. In April 2011, Spears appeared in a remix to the song "S&M" by Rihanna after Rihanna asked her fans via Twitter who they wanted her to collaborate with. The song reached number one in the US in mid-April 2011, giving Britney her fifth number one on the chart. In early May, Spears' second single from Femme Fatale, "Till The World Ends", reached number three on the Billboard Hot 100 and had ninety-eight million audience impressions on the Billboard chart, granting Spears the highest weekly audience of her 13-year chart career. Femme Fatale's third single "I Wanna Go" reached the top forty on the Billboard Hot 100 in June 2011. Among females in the last thirteen years, Spears now has the third-most top forty hits, with twenty-one. In August, the single managed to reach the top-ten on the Billboard Hot 100, which is the first time for Spears to have three songs from one album in the top-ten. On the week ending September 24, 2011, "I Wanna Go" moved 2-1 on the mainstream top 40, becoming her sixth number-one on that chart (making her tied for third all-time) and her first number-one and third top-ten pop song for Femme Fatale. Spears now has the longest span of number ones on the mainstream top 40, with a length of twelve years, seven months, and four days.

On March 2011, Spears announced that she would tour throughout the United States during summer 2011 The Femme Fatale Tour opened June 16 at the Power Balance Pavilion in Sacramento, California to positive reviews. Many critics noted that Spears sang more of the concert live in response to lip-synching accusations during The Circus Starring Britney Spears, and that the dancing is some of her best in years. The first ten US dates of the tour grossed $6.2 million, landing the fifty-fifth spot on Pollstar's Top 100 North American Tours list for the half-way point of the year. The tour will travel to Europe and South and Central America later in 2011. On August 12, Spears announced that her performances at the Air Canada Centre in Toronto will be taped to air on the EPIX television channel and for a DVD release, resulting in the doubling of traffic to EPIX social sites and 'Britney Spears' becoming a worldwide trending topic on Twitter. Her first televised concert since the Onyx Hotel Tour in 2004, the show, Britney Spears: Femme Fatale, was shot in 2D and 3D on August 13 and 14 and will premiere on Epix in November.

On June 15, 2011, it was announced by Billboard that the RCA/Jive Label Group would be splitting, with Jive Records going to a restructured Epic Records, and RCA Records staying intact. In August it was announced that Spears had officially joined the RCA's roster. During the 2011 MTV Video Music Awards on August 28 2011, MTV played tribute to Spears with a group of young female dancers that memorialised Britney's music videos, performances, and style. Following which, Spears accepted the MTV Video Vanguard Award from Lady Gaga, who said that "industry wouldn't be the same without [her]".

On September 9, 2011, Spears announced that her second remix album, B in the Mix: The Remixes Vol. 2, will be released on October 11, along with the tracklist.

Musical style and performance

Following her debut, Spears was credited with leading the revival of teen pop in the late 1990s. The Daily Yomiuri reported that "[m]usic critics have hailed her as the most gifted teenage pop idol for many years, but Spears has set her sights a little higher-she is aiming for the level of superstardom that has been achieved by Madonna and Janet Jackson." Rolling Stone wrote: "Britney Spears carries on the classic archetype of the rock & roll teen queen, the dungaree doll, the angel baby who just has to make a scene." Rami Yacoub who co-produced Spears's debut album with lyricist Max Martin, commented, "I know from Denniz Pop and Max's previous productions, when we do songs, there's kind of a nasal thing. With N' Sync and the Backstreet Boys, we had to push for that mid-nasal voice. When Britney did that, she got this kind of raspy, sexy voice." Following the release of her debut album, Chuck Taylor of Billboard observed, "Spears has become a consummate performer, with snappy dance moves, a clearly real-albeit young-and funkdified voice?... "(You Drive Me) Crazy", her third single?... demonstrates Spears's own development, proving that the 17-year-old is finding her own vocal personality after so many months of steadfast practice." Stephen Thomas Erlewine of Allmusic referred to her music as a "blend of infectious, rap-inflected dance-pop and smooth balladry." Spears later commented, "With ...Baby One More Time, I didn't get to show my voice off. The songs were great, but they weren't very challenging".

Oops!...I Did It Again and subsequent albums saw Spears working with several contemporary R&B producers, leading to "a combination of bubblegum, urban soul, and raga." Her third studio album, Britney derived from the teen pop niche, "[r]hythmically and melodically?... sharper, tougher than what came before. What used to be unabashedly frothy has some disco grit, underpinned by Spears' spunky self-determination that helps sell hooks that are already catchier, by and large, than those that populated her previous two albums." Guy Blackman of The Age wrote that while few would care to listen to an entire Spears album, "[t]he thing about Spears, though, is that her biggest songs, no matter how committee-created or impossibly polished, have always been convincing because of her delivery, her commitment and her presence. For her mostly teenage fans, Spears expresses perfectly the conflicting urges of adolescence, the tension between chastity and sexual experience, between hedonism and responsibility, between confidence and vulnerability."

Her vocal ability has also been criticized, often drawing unfavorable comparison to her pop rival, Christina Aguilera Critic Allan Raible derides her overdependence in Circus on digital effects and the robotic effect it creates. "She?s never been a strong vocalist..." writes Raible, "Could she handle these songs with stripped down arrangements and no vocal effects? More importantly, would anyone want to hear her attempt such a performance? Does it matter? No. The focus is still image over substance." Her image and persona are also often contrasted to Christina Aguilera. David Browne of Entertainment Weekly observed "Christina Aguilera may flash skin and belly button, but in her music and manner, she's too eager not to offend?? she's a good girl pretending to be bad. Spears, however, comes across as a bad girl acting good?... Spears' artificial-sweetener voice is much less interesting than the settings, yet that blandness is actually a relief compared with Aguilera's numbing vocal gymnastics. In contrast, Allmusic comments: "Like her peer Christina Aguilera, Britney equates maturity with transparent sexuality and the pounding sounds of nightclubs?... Where Christina comes across like a natural-born skank, Britney is the girl next door cutting loose at college, drinking and smoking and dancing and sexing just a little too recklessly, since this is the first time she can indulge herself. Sal Cinquemani of Slant Magazine notes, "The disparity between Aguilera and Spears can't be measured solely by the timbre and octave range of their voices?... [Aguilera's] popularity has never reached the fever pitch of Britney's."

Like other dance-oriented pop stars, it has been widely reported that Spears lip-syncs in concert. Author Gary Giddins wrote in his book Natural selection: Gary Giddins on comedy, film, music, and books (2006) that "among many other performers accused of moving their lips while a machine does the labor are Britney Spears, Luciano Pavarotti, Shania Twain, Beyonc?, and Madonna." Rashod D. Ollison of The Baltimore Sun observes: "Many pop stars?... feel they have no choice but to seek vocal enhancement. Since the advent of MTV and other video music channels, pop audiences have been fed elaborate videos thick with jaw-dropping effects, awesome choreography, fabulous clothes, marvelous bodies. And the same level of perfection is expected to extend beyond the video set to the concert stage. So if Britney Spears, Janet Jackson or Madonna sounds shrill and flat without a backing track, fans won't pay up to $300 for a concert ticket." Giddins adds, "it was reported Britney Spears fans prefer her to lip-sync?despite her denials of doing so (contradicted by her own director)?because they expect flawless digitalization when they pay serious money for a concert."

In Australia, NSW Fair Trading Minister Virginia Judge has advised disclaimers be printed on any ticket for concerts which contain any prerecorded vocals. She commented: "There could have been some instances where people actually go and purchase a ticket thinking that they're going to have a live performance ... for some people that means that everything is live, it's fresh, it happens instantaneously, it's not something that's been pre-recorded. You want to make sure that they're actually paying for what they think they're getting." Noting on the prevalence of lip-syncing, Los Angeles Daily News reported "in the context of a Britney Spears concert, does it really matter? Like a Vegas revue show, you don't go to hear the music, you go for the somewhat-ridiculous spectacle of it all". Similarly, Aline Mendelsohn of the Orlando Sentinel remarked: "Let's get one thing straight: A Britney Spears concert is not about the music?... you have to remember that it's about the sight, not the sound." Critic Glenn Gamboa comments her concert tours are "like her life?a massive money-making venture designed to play up her talents and distract from her shortcomings with a mix of techno-tinged sex appeal and disco-flavored flash. And, like her life, it is, more or less, a success.

Influences

Throughout her career, Spears has drawn frequent comparisons to Madonna and Janet Jackson, in terms of vocals, choreography and stage presence, citing both as influences in her work. She has also named Michael Jackson as a source of inspiration. According to Spears: "I know when I was younger, I looked up to people... like, you know, Janet Jackson and Madonna. And they were major inspirations for me. But I also had my own identity and I knew who I was, you know." In the 2002 book Madonnastyle by Carol Clerk, she is quoted saying: "I have been a huge fan of Madonna since I was a little girl. She's the person that I've really looked up to. I would really, really like to be a legend like Madonna."

Many critics have argued that Spears should not be considered in the same league of talent as Jackson or Madonna. Journalists Erika Montalvo and Jackie Sheppard of the Rocky Mountain Collegian observed "[s]ome may argue that Spears is not only a good recording artist but also an important cultural icon." However, in examining her level of skill as an artist, it is questioned that "[a]lthough she has been classified among female elites such as Janet Jackson and Madonna, what does Ms. Spears really have in common with these divas of rock?" Joan Anderman of The Boston Globe remarked that "[t]hirteen costume changes in 90 minutes won't bless her with Madonna's intelligence or cultural barometer. An army of cutting-edge R&B producers won't supply her with Janet Jackson's sense of humor or sincere smile?... Britney's heroes aren't great singers. But they're real singers. Spears sounds robotic, nearly inhuman, on her records, so processed is her voice by digital pitch-shifters and synthesizers."

Reporter Ed Bumgardner commented her transition from teen pop start to adult sex symbol with her third studio album Britney "takes its cues from two other successful performers?Madonna and Janet Jackson?both of whom she brazenly rips off and both of whom, like Spears, are passable singers, at best." Critic Shane Harrison wrote: "From the minimalist thump and "Nasty" feel of "I'm a Slave 4 U" to the scattered quotes in "Boys", [Britney] feels like [Spears's] attempt at 'Control'."

Citing Jackson's resolve to incorporate personal and social issues into her work and Madonna's ability to constantly redefine the boundaries of socially acceptable material in the industry, Spears's catalog ultimately pales in comparison, because "[w]hile Jackson and Madonna wrote their own music about subjects of importance, [Spears's] music sounds like an upbeat version of either, 'I want to grow up but the media won't let me,' or 'Here kitty, kitty, I'm wearing my underwear outside of my leather pants'-type ballads." In contrast, Guy Blackman argues that although "no one would argue that Spears is some kind of pioneering pop auteur, there?s still a lot to like about her back catalogue. During her world-conquering peak, she was just about as cutting edge as you could get in the world of global pop superstardom. Spears didn?t just work with big names, she gave big names their names, and maintained her high currency in the world?s most fickle industry for years, when most aspiring starlets are lucky to manage months."

After meeting Spears face to face, Janet Jackson stated: "she said to me, 'I'm such a big fan; I really admire you.' That's so flattering. Everyone gets inspiration from some place. And it's awesome to see someone else coming up who's dancing and singing, and seeing how all these kids relate to her. A lot of people put it down, but what she does is a positive thing." Madonna's respect for Spears has also been a subject of observation. Santiago Fouz-Hern?ndez and Freya Jarman-Ivens, authors of Madonna's drowned worlds: new approaches to her cultural transformations, 1983-2003 (2004) note that the most well known cross-generational relationship exists between Spears and Madonna in which "the entertainment newsmedia almost became obsessed with their relationship of mutual admiration." The biographers also report "[s]ome observers of popular culture, however, feel that the comparisons between the two artist are meaningless and fail to recognize Madonna's unique contribution: Madonna was never 'just another pop star' whereas Britney can more easily be seen as a standard manufactured pop act."

Legacy

Spears became an international pop culture icon immediately after launching her recording career. Rolling Stone magazine wrote: "One of the most controversial and successful female vocalists of the 21st century," she "spearheaded the rise of post-millennial teen pop?... Spears early on cultivated a mixture of innocence and experience that broke the bank". She is listed by the Guinness World Records as having the "Best-selling album by a teenage solo artist" for her debut album ...Baby One More Time which sold over thirteen million copies in the United States. Melissa Ruggieri of the Richmond Times-Dispatch reported, "She's also marked for being the best-selling teenage artist. Before she turned 20 in 2001, Spears sold more than 37 million albums worldwide".

Barbara Ellen of The Observer has reported: "Spears is famously one of the 'oldest' teenagers pop has ever produced, almost middle aged in terms of focus and determination. Many 19-year-olds haven't even started working by that age, whereas Britney, a former Mouseketeer, was that most unusual and volatile of American phenomena?? a child with a full-time career. While other little girls were putting posters on their walls, Britney was wanting to be the poster on the wall. Whereas other children develop at their own pace, Britney was developing at a pace set by the ferociously competitive American entertainment industry". 'Britney Spears' was Yahoo!'s most popular search term between 2005 and 2008, and has been in a total of seven different years. Spears was named as Most Searched Person in the Guinness World Records book edition 2007 and 2009. Spears has also become a major influence among many new artists, including Kristinia DeBarge, Lady Gaga, Little Boots, Selena Gomez & the Scene, Pixie Lott and Miley Cyrus who has cited Spears as one of her biggest inspirations and has also referenced Spears in her hit song "Party in the U.S.A.". Spears' personal breakdown was also cited as an inspiration for Barry Manilow's album "15 Minutes".

In 2011, Adam Markovitz of Entertainment Weekly commented on the cultural significance of Spears' voice and music. "We don't ask a whole lot from Britney Spears as an entertainer...we'll still send her straight up the charts simply because she's Britney. She's an American institution, as deeply sacred and messed up as pro wrestling or the filibuster. Musically, though, Spears will always have to measure up to her own gold standards of pop euphony: the operatic slither of 2004's 'Toxic' and the candied funk of 2000's 'Oops!...I Did It Again.' Spears is no technical singer, that's for sure. But backed by Martin and Dr. Luke's wall of pound, her vocals melt into a mix of babytalk coo and coital panting that is, in its own overprocessed way, just as iconic and propulsive as Michael Jackson's yips or Eminem's snarls."

Bebo Norman wrote a song about Spears, called "Britney", which was released as a single. Boy band Busted also wrote a song about Spears called "Britney", which was on their debut album. She is also mentioned in P!nk's song "Don't Let Me Get Me". She was cited as the inspiration of Gwyneth Paltrow's character in the 2010 film Country Strong. Richard Cheese called Britney Spears "a remarkable recording artist" and also went on to say that she was "versatile" and what the industry calls an "artist". People magazine and MTV reported that October 1, 2008, the Bronx's John Philip Sousa Middle School, named their music studio in honor of Britney Spears. Spears herself was present during the ceremony and donated $10,000 to the school's music program.

Discography

  • ...Baby One More Time (1999)
  • Oops!... I Did It Again (2000)
  • Britney (2001)
  • In the Zone (2003)
  • Blackout (2007)
  • Circus (2008)
  • Femme Fatale (2011)
  • Tours

  • ...Baby One More Time Tour (1999-2000)
  • Oops!... I Did It Again World Tour (2000)
  • Dream Within a Dream Tour (2001-02)
  • The Onyx Hotel Tour (2004)
  • The M+M's Tour (2007)
  • The Circus Starring Britney Spears (2009)
  • Femme Fatale Tour (2011)
  • See also

  • Britney Spears filmography
  • Britney Spears products
  • Honorific nicknames in popular music
  • List of best-selling music artists
  • List of best-selling music artists in the United States
  • Notes

    References

    Further reading

  • Dennis, Steve (2009). Britney: Inside the Dream. Harper Collins. ISBN 978-0007317516.
  • Peters, Beth (1999). True Brit: The Story of Singing Sensation Britney Spears. Ballantine Books. ISBN 978-0345436870.
  • Scott, Kieran (2001). I was a Mouseketeer!. Disney Press. ISBN 978-0786844708.
  • Smith, Sean (2006). Britney The Unauthorized Biography of Britney Spears. Pan Macmillan. ISBN 978-0330440776.
  • Spears, Britney (2000). Britney Spears's Heart to Heart. Three Rivers Press. ISBN 978-0609807019.
  • Stevens, Amanda (2001). Britney Spears: the illustrated story. Billboard Books. ISBN 978-0823078677.
  • External links

    Category:1981 births Category:21st-century actors Category:Actors from Louisiana Category:American child singers Category:American dance musicians Category:American dancers Category:American female pop singers Category:American female singers Category:American film actors Category:American music video directors Category:American musicians of English descent Category:American people of English descent Category:American people of Maltese descent Category:American pop singers Category:American singer-songwriters Category:American stage actors Category:American television actors Category:Baptists from the United States Category:English-language singers Category:Grammy Award winners Category:Innosense members Category:Jive Records artists Category:RCA Records artists Category:Living people Category:Mouseketeers Category:Musicians from Louisiana Category:Parklane Academy alumni Category:Participants in American reality television series Category:People from Kentwood, Louisiana Category:Sony BMG artists Category:World Music Awards winners

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    Source: http://article.wn.com/view/2012/01/04/Britney_Spears_begins_choosing_a_wedding_dress_designer/

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    Thursday, January 5, 2012

    Eurozone crisis: German, Portuguese and UK debt auctions loom

    Live blog - Portugal flag

    11.12am: While the City were digesting Germany's sale, Portugal slipped out the results of its own debt auction. And the sale appears to have gone OK.

    Unlike German, Portugal found buyers for the full ?1bn of three-month treasury bills on offer. It also managed to sell the debt at lower interest rate than at the previous auction, with yields dropping to 4.346% versus 4.873%.

    There was also more demand for the bills, with the bid-to-cover ratio rising to 2.4 versus 2.0 (where 1.0 means the number of bids equalled the amount of debt on sale).

    Live blog: comment

    11.01am: City analysts say that today's German bond auction is an improvement on November's sale of 10-year Bunds (when a third of debt was unsold), but nothing to cheer about.

    Peter Chatwell of Credit Agricole said it was "much better than November's auction, but not particularly great either".

    Michael Leister of DZ Bank agreed, saying:

    It's not a good auction, but it's not a surprise. For a good auction we need a pronounced flight to quality environment which we didn't get in the past couple of days.


    And Marc Ostwald of Monument Securities pointed out that the yield of just 1.93% means that people who bought the debt will see their returns comprehensively eroded by inflation:

    For all that Germany it is a safe-haven, the fact of the matter is inflation is in the high 2s still and a yield of 1.93 (percent) over 10 years doesn't get you anything in real terms.

    10.39am: Germany's debt auction has also just concluded --- and the breaking news is that it has sold just over ?4bn of the ?5bn of 10-year Bunds on offer.

    The Bundesbank reported that it sold ?4.057 of 10-year Bunds. The yield (or interest rate) on the debt fell slightly to 1.93%, from 1.98%, but this is the second auction in a row where the German Finance Agency has been forced to retain some debt.

    We'd flagged up at 9.58am that there was a risk that the auction might not be fully subscribed (David Schnautz of Commersbank called the results very accurately).

    The result certainly isn't a disaster, and it would be wrong to suggest that 'the markets' suddenly don't trust German debt. Looking at the table of results -- Germany actually received more than ?5bn of bids, but presumably some of the bids were unacceptably low.

    10.36am: Here come the auction results -- with the British debt sale going smoothly.

    The UK Debt Management Agency just reported that it sold its ?3.75bn of five-year gilts at an average yield, or interest rate, of 1.106%. That's a drop from 1.143% at the last auction of this kind.

    Will add reaction as it comes in.

    10.16am: One to bookmark -- my colleague Heather Stewart has compiled a very handy list of the main upcoming events in the Eurozone crisis this month:

    Eurozone crisis: calendar of key events in January

    It's going to be a hectic time -- with regular meetings of political leaders punctuated by almost daily auctions of government debt. And as a climax -- January will end with the IMF/EU/ECB troika delivering its report on Greece.

    10.06am: Eurozone inflation has fallen, bringing some relief to the region's consumers. Eurostat reported that the consumer prices index dropped to 2.8% in December, down from 3% in November.

    I think that's all the economic data for the morning. Next up, those bond auction results....

    9.58am: Today's auction of 10-year German debt is particularly interesting as the previous sale of this type of debt, last November, flopped -- with a third of the bunds not sold.

    David Schnautz of Commersbank has predicted that the auction will go "reasonably well", but that around 20% of the ?5bn of debt on offer might not find buyers.

    An anonymous trader has also told Reuters that the sale could be "tricky". That's partly because German debt is now so highly valued that it offers a very low interest rate (the yield on 10-year bunds is trading around 1.93% this morning). Simply put, there are better (but riskier?) returns elsewhere.....

    9.42am: While the eurozone heads towards recession, the latest indication is that the UK economy probably stagnated in the last quarter of 2011.

    That's the suggestion from this morning's survey of Britain's construction industry in December, which showed that growth in the sector picked up pace last month (rising to 53.2 from 52.3 on Markit's index).

    Markit (who have had a busy morning) said the data means the UK construction sector probably grew in the last quarter, which should prevent Britain "sliding back into contraction".

    Service sector business activity Service sector business activity. Source: Markit/Eurostat

    9.10am: The powerhouse German economy continues to outpace weaker rivals, according to new economic data that also suggests the eurozone is heading into recession.

    Markit has reported that Germany's service sector picked up pace in December, with activity (as measured by its PMI survey) rising to 52.4 from 50.3 in November [so well above the 50-point mark that seperates expansion from contraction).

    That, Markit said, means Germany's private sector returned to growth last month.

    There was also good news for France, whose services sector expanded slightly in December with a PMI of 50.3.

    The picture in other European countries was darker, though, with the eurozone's overall services sector shrinking again for the fourth month running (with a PMI of 48.8). Italy and Spain both saw their services sectors shrink sharply -- to 44.5 and 42.1 respectively.

    As Chris Williamson, chief economist at Markit, put it:

    Economic weakness is most evident in Italy and Spain, where domestic demand has been particularly hard hit by deficit-fighting austerity measures and growing uncertainty about the outlook. Recession is already looking inevitable in Italy, and is a growing possibility in Spain as well.

    Other economists agreed that the data reinforces fears that the eurozone economy shrank in the last quarter of 2011.

    Howard Archer, chief UK + European economist at IHS Global Insight, said:

    While the December Eurozone services purchasing managers' survey showed improvement for a second month running, it still indicated a fourth successive month of contracting activity and the likelihood is that Eurozone GDP declined significantly in the fourth quarter of 2011.

    8.45am: Trouble in Italy, where shares in Unicredit -- the largest Italian bank by assets - have just been suspended after tumbling 10% since trading began at 8am.

    The trigger is the news this morning that Unicredit's emergency ?7.5bn cash call is going to be priced at an even deeper discount than feared. The bank, which needs the funds to shore up its capital reserves, is selling shares at a 43% discount to their market value.

    Details of the rights issue spooked investors, who had been braced for a 43% discount at the worst.

    This Reuters story (written before the pricing was announced) has a good background explanation of the situation at Unicredit.

    8.31am: A very subdued start to trading in London, with the FTSE 100 up just 14 points at 5711. Most European markets are showing small losses.

    8.14am: Lord Wolfson's warning that Next's pre-Christmas sales suffered from the euro crisis reminds us that he is offering a ?250,000 prize to the economist who can devise the best way for a country to make an "orderly exit" for the euro.

    The Conservative peer set the task in October, through his sponsorship of the Wolfson Economics Prize. He argued that:

    There is now a real possibility that political or economic pressure may force one or more states to leave the euro. If this process is mismanaged it could threaten European savings, employment and the stability of the international banking system.

    This prize aims to ensure that high quality economic thought is given to how the euro might be restructured into more stable currencies.

    If you've got a great idea, it's not too late to submit it as the deadline is January 31st. More details here.

    Lord Wolfson of Aspley Guise, chief executive of Next Lord Wolfson of Aspley Guise, chief executive of Next. Photograph: WPA Pool/Getty Images

    7.52am: Lord Wolfson of Aspley Guise,, the chief executive of retailer Next, has blamed Europe's financial crisis after reporting 'disappointing' high street sales in the run-up to Christmas.

    In the last few minutes, Simon Wolfson said the Eurozone debt crisis was "impacting UK consumer behaviour". He was speaking after Next reported a 2.7% decline in high street sales between 1 August and 24 December, compared with last year.

    In a trading statement released to the City at 7am, Next also warned shareholders that trading in 2012 would suffer from:

    Continuing difficulties in the Eurozone and its adverse effects on business confidence and the UK banking sector.

    Next is the first major UK retailer to report results since Christmas, and is seen as a decent bellwether of the sector. If it's feeling the chill from Europe, weaker rivals must also be shivering.

    I wonder, though, whether UK shoppers are really being affected by the twists and turns in the euro crisis, or whether Britain's own economic problems are the main factor. If you're facing a pay freeze or struggling to keep pace with UK inflation, then the fate of the euro may slide down your list of priorities...What do you think?...

    Live blog: recap

    7.42am: Here's an agenda of today's main events:

    ? Eurozone Services PMI - 8.58am GMT (9.58am CET)
    ? UK construction PMI - 9.30am GMT (10.30am CET)
    ? Eurozone inflation for December - 10am GMT (11am CET)
    ? UK auction of ?3.75bn five-year gilts - from 10am
    ? German auction of ?5bn of 10-year bunds - from 10.30am
    ? Portuguese auction of ?0.75bn-?1bn of three-month bills - from 10am

    7.30am: Good morning, and welcome to another day of rolling coverage of the Eurozone debt crisis.

    It's going to be quite a lively morning, with Germany, Portugal and the UK all holding debt auctions. While Lisbon is aiming to shift short-term bills repayable in just three months, London and Berlin are both selling long-term bonds (five-year gilts and 10-year bunds). That should be a test of investor appetite as 2012 gets into full swing.

    There is also plenty of economic data to tickle the appetite, including eurozone inflation for December, and a healthcheck on Britain's construction sector.

    Elsewhere, Greece's warning yesterday that it might quit the euro in three months has ratcheted up the tension -- we'll be watching for further developments in Athens.

    Source: http://www.guardian.co.uk/business/2012/jan/04/eurozone-crisis-debt-auctions

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    Palestinians not expecting much in Israel talks


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    RAMALLAH, West Bank (AP) ? The Palestinians are downplaying expectations ahead of their first meeting with Israelis in more than a year.

    The chief Palestinian negotiator, Saeb Erekat, and Israeli envoy Yitzhak Molcho are set to meet in Jordan on Tuesday in a bid to get peace talks restarted.

    Negotiations have been stalled since September 2010.

    Erekat told reporters in the West Bank on Monday that he doesn?t expect any breakthroughs unless Israel agrees to halt settlement construction in the West Bank and east Jerusalem.

    He also said that Israel must accept its 1967 lines as the basis for a future border.

    Israel captured the West Bank and east Jerusalem in the 1967 Mideast war.

    Israel rejects the Palestinian demands and says peace talks should resume without preconditions.


    Source: http://www.omaha.com/article/20120102/AP/120109973

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