NEWS,11.05.2013

Turkey car blast death toll rises to 43

The death toll of twin car bombs in a Turkish town near the Syrian border rose to 43 and wounded many more on Saturday and the government said it suspected Syrian involvement.

The bombing increased fears that Syria's civil war was dragging in neighbouring states despite renewed diplomatic moves towards ending two years of fighting in which more than 70 000 people have been killed.

The bombs ripped into crowded streets near Reyhanli's shopping district in the early afternoon, scattering concrete blocks and smashing cars in the town in Turkey's southern Hatay province, home to thousands of Syrian refugees.

Restaurants and cafes were destroyed and body parts were strewn across the streets. The damage went at least three blocks deep from the site of the blasts.

President Bashar Assad's administration was the "usual suspect" in the attacks, Turkish Deputy Prime Minister Bulent Arinc said.

"We know that the people taking refuge in Hatay have become targets for the Syrian regime," Arinc said in comments broadcast on Turkish television. "We think of them as the usual suspects when it comes to planning such a horrific attack."

Condemned

Another deputy prime minister, Besir Atalay, was quoted by NTV as saying initial findings suggested the attackers came from inside Turkey, but had links to Syria's intelligence agency.

There was no immediate claim of responsibility. Nor was there any comment from Damascus.

The United States strongly condemned the attacks and vowed support in identifying those responsible, while Nato Secretary-General Anders Fogh Rasmussen and French Foreign Minister Laurent Fabius voiced "full solidarity" with Turkey.

Nato member Turkey supports the uprising against Assad and violence has crossed the border before, but not on the same scale. The bombings were the bloodiest incident on Turkish soil since Syria's conflict began more than two years ago.

War fears

Turkey is far from alone in fearing the impact of Syria's war, which is already helping inflame the Middle East's tangle of sectarian, religious and nationalist struggles.

Turkish Foreign Minister Ahmet Davutoglu said it was no coincidence the bombings came as diplomatic moves to end the Syrian conflict intensify.

"There may be those who want to sabotage Turkey's peace, but we will not allow that," Davutoglu told reporters during a trip to Berlin. "No one should attempt to test Turkey's power."

Prospects appeared to improve this week for diplomacy to try to end the civil war, now in its third year, after Moscow and Washington announced a joint effort to bring government and rebels to an international conference.

But a Russian official said on Saturday that there was already disagreement over who would take part and he doubted whether a meeting could happen this month.

As well as disputes over who would represent the rebels and government at any talks, there have also been questions over possible participation by Assad's Shi'ite ally Iran. The rebels are backed by the largely Sunni Gulf states.

Diplomats in New York said the Syria meeting would likely slip into June and it was unclear who would participate.
Death toll may rise

In Reyhanli, smoke poured from charred ruins after the blasts outside administrative buildings.

"My children were so scared because it reminded them of the bombings when we were in Aleppo. God help us," said one refugee from the northern Syrian city, a mother of three who gave her name as Kolsum.

Atalay said 43 people had been killed, while Prime Minister Tayyip Erdogan warned the toll could rise. Officials said more than 100 people were injured, many of them critically.

Erdogan said the bombings might have been related to Turkey's own peace process with Kurdish militants of the Kurdistan Workers Party (PKK), who began a withdrawal this week to end a three decade conflict.

Syrian refugees

But the PKK's main area of operation was hundreds of kilometres further east and Erdogan said the blasts could also have been aimed at provoking sensitivities in a region that is home to so many Syrian refugees.

Turkey is sheltering more than 300 000 Syrians, most of them in camps along the 900km frontier, and is struggling to keep up with the influx.

Protests erupted in Reyhanli after the blasts, with some locals blaming Syrian there for bringing violence over the frontier and smashing their car windows, while others railed against Turkey's foreign policy, chanting for Erdogan to resign.

The main opposition Syrian National Coalition said the attacks were a failed attempt to "destroy the brotherhood" between Syrians and Turks and were intended as a punishment for Turkey's support of the uprising.

Erdogan said this week Turkey would support a US-enforced no-fly zone in Syria and warned that Damascus crossed President Barack Obama's "red line" on chemical weapons use long ago.

A no-fly zone to prohibit Syrian military aircraft from hitting rebel targets has been mentioned by American lawmakers as one option the United States could use to pressure Assad.

Erdogan is due to meet Obama in Washington on May 16.

Violence also crossed the border in February, when a minibus blew up at a border crossing near Reyhanli, killing 14 people.

The Syrian opposition said one of its delegations appeared to have been the target of that attack, but there has been no confirmation of this from the Turkish authorities.

In October, five Turkish civilians were killed in Akcakale when a mortar bomb fired from Syria landed on their house, prompting Turkey to fire back across the frontier.

Sharif claims victory in Pakistan vote

Former prime minister Nawaz Sharif late on Saturday declared victory for his centre-right opposition Pakistan Muslim League-N (PML-N) party and invited other parties to work with him.

"We should thank Allah that he has given PML-N another chance to serve you and Pakistan," he said in a speech to jubilant supporters, who shouted "prime minister Nawaz Sharif" in his powerbase Lahore.

"Whatever promises we made with our youth, I assure you that we fulfil each of them. Results are still coming but there is a confirmation that PML-N will emerge as the largest party," Sharif said.

According to the unofficial, partial results it appeared that no single party would win a simple majority of 172 seats in the national assembly, raising the prospect of protracted talks to form a coalition government.

"I appeal for all parties to come to the table and sit with me and solve the country's problems," Sharif said.

"I'm doing this only because of you. If it had been only myself, I would not talk to them but it's for you and for the survival of your future generations," he added.

Iran ex-leader Rafsanjani to stand again

Iran's moderate conservative former president Akbar Hashemi Rafsanjani on Saturday registered his candidacy to stand for the office again in the election on 14 June, an AFP correspondent witnessed.

Rafsanjani, who will be 79 in August, filed his papers at the interior ministry during the final minutes of the five-day registration process which wrapped up on Saturday.

"I came to serve. It is the right of the people to choose me or not," Iranian media quoted him as saying.

Rafsanjani has been isolated since the 2009 presidential election, which saw massive street protests against the disputed re-election of President Mahmoud Ahmadinejad.

He then called for the release of people rounded up during the demonstrations.

Rafsanjani, president between 1989 and 1997, currently chairs the Expediency Council, the highest political arbitration body, whose members are appointed by the supreme leader, Ayatollah Ali Khamenei.

Heavyweight

Also on Saturday, Saeed Jalili, Iran's top nuclear negotiator and close figure to all-powerful supreme leader Ayatollah Ali Khamenei, unexpectedly showed up at the ministry and registered his candidacy.

A veteran of the 1980s war with Iraq in which he lost his lower right leg, Jalili, 47, did not speak to reporters, an AFP correspondent said.

Jalili heads the team in negotiations with world powers over Tehran's controversial atomic activities which the West fears are aimed at developing a military capacity, a claim denied by Iran.

According to the interior ministry, more than 450 people have registered, including 14 women. Approved candidates will have three weeks to campaign before polling day on 14 June.

Milan: Man kills 1 in pickaxe rampage

An immigrant from Ghana went on a rampage with a pickaxe in Milan at dawn on Saturday, killing a passerby and wounding four others in an apparently random attack, police said.

Carabinieri paramilitary police in Milan said the 21-year-old attacker was taken into custody shortly after the attacks in a residential area on the northern outskirts of the city.

People working in cafes and other businesses near the attack told Sky TG24 TV that the man wildly swung a pickaxe, running down streets and ferociously striking passersby, mainly on the head. Pools of blood stained the streets.

A 40-year-old man died after being struck on the head with the pickaxe and suffering further blows to the abdomen while he lay on the ground, police said. The victim was described as an unemployed man who was heading to a cafe near his home.

Among those wounded was a man in his 20s who was helping his father deliver newspapers to newsstands; another was a man walking his dog.

Motive

At first it appeared five people had been wounded, but police later said the sixth person the attacker swung at darted into a doorway in the nick of time and escaped injury.

Two of the wounded were in critical condition.

Police said the motive was unclear.

"Police blocked him with difficulty. He was in an evident state of marked psychological stress," Colonel Biagio Storniolo told reporters. Asked about the motive, Storniolo said the suspect "was not being co-operative. He says only that he is hungry and has no home".

The man, identified as Mada Kabobo, 21, was jailed while he is investigated for murder and two counts of attempted murder for the two persons who were most critically wounded, police said.

Previous arrest

First media reports said the man had ignored a 2011 expulsion order because he was not legally in the country, but police later clarified that the expulsion papers had not yet been issued because legal proceedings in southern Italy were pending.

Police said they identified the suspect, who had no documents on him, from fingerprints.

Police said he was in the country illegally, and had previously been arrested in the Puglia region for alleged, theft, robbery, property damage and resisting public authorities.

Milan Mayor Giuliano Pisapia said the entire city was shocked that a man would go on such a rampage, "killing one and wounding several, even gravely, just because he ran into them on his path".

Cleveland women face long road to healing

Year after year, the clock ticked by and the calendar marched forward, carrying the three women further from the real world and pulling them deeper into an isolated nightmare.

Now, for the women freed from captivity inside a Cleveland house, the ordeal is not over. Next comes recovery - from sexual abuse and their sudden, jarring re-entry into a world much different from the one they were snatched from a decade ago.

Therapists say that with extensive treatment and support, healing is likely for the women, who were 14, 16 and 21 when they were abducted. But it is often a long and difficult process.

"It's sort of like coming out of a coma," says Dr Barbara Greenberg, a psychologist who specialises in treating abused teenagers. "It's a very isolating and bewildering experience."

In the world the women left behind, a gallon of gas cost about $1.80. Barack Obama was a state senator. Phones were barely taking pictures. Things did not "go viral". There was no YouTube, no Facebook, no iPhone.

Adolescence taken

Emerging into the future is difficult enough. The two younger Cleveland women are doing it without the benefit of crucial formative years.

"By taking away their adolescence, they weren't able to develop emotional and psychological and social skills," says Duane Bowers, who counsels traumatised families through the National Centre for Missing and Exploited Children.

"They're 10 years behind in these skills. Those need to be caught up before they can work on reintegrating into society," he says.

That society can be terrifying. As freed captive Georgina DeJesus arrived home from the hospital, watched by a media horde, she hid herself beneath a hooded sweatshirt. The freed Amanda Berry slipped into her home without being seen.

"They weren't hiding from the press, from the cameras," Bowers says. "They were hiding from the freedom, from the expansiveness."

Control

In the house owned by Ariel Castro, who is charged with kidnapping and raping the women, claustrophobic control ruled.

Police say Castro kept them chained in a basement and locked in upstairs rooms, that he fathered a child with one of them, and that he starved and beat his captives into multiple miscarriages.

In all those years, they only set foot outside of the house twice - and then only as far as the garage.

"Something as simple as walking into a Target is going to be a major problem for them," Bowers says.

Jessica Donohue-Dioh, who works with survivors of human trafficking as a social work instructor at Xavier University in Cincinnati, says the freedom to make decisions can be one of the hardest parts of recovery.

"'How should I respond? What do they really want from me?'" Donohue-Dioh says, describing a typical reaction. "They may feel they may not have a choice in giving the right answer."

Kidnap survivors

That has been a challenge for Jaycee Dugard, who is now an advocate for trauma victims after surviving 18 years in captivity - "learning how to speak up, how to say what I want instead of finding out what everybody else wants," Dugard told ABC News.

Like Berry, Dugard was impregnated by her captor and is now raising the two children. She still feels anger about her ordeal.

"But then on the other hand, I have two beautiful daughters that I can never be sorry about," Dugard says.

Another step toward normalcy for the three women will be accepting something that seems obvious to the rest of the world: They have no reason to feel guilty.

"First of all, I'd make sure these young women know that nothing that happened to them is their fault," Elizabeth Smart, who was kidnapped at age 14 and held in sexual captivity for nine months, told People magazine.

Guilt
Donohue-Dioh says that even for people victimised by monstrous criminals, guilt is a common reaction. The Cleveland women told police they were snatched after accepting rides from Castro.

"They need to recognise that what happened as a result of that choice is not the rightful or due punishment. That's really difficult sometimes," Donohue-Dioh says.
Family support will be crucial, the therapists say. But what does family mean when one member has spent a decade trapped with strangers?

"The family has to be ready to include a stranger into its sphere," Bowers says. "Because if they try to reintegrate the 14-year-old girl who went missing, that's not going to work. That 14-year-old girl doesn't exist anymore. They have to accept this stranger as someone they don't know."

Natascha Kampusch, who was kidnapped in Austria at age 10 and spent eight years in captivity, has said that her 2006 reunion with her family was both euphoric and awkward.

"I had lived for too long in a nightmare, the psychological prison was still there and stood between me and my family," Kampusch wrote in 3096 Days, her account of the ordeal.

Kampusch, now 25, said in a German television interview that she was struggling to form normal relationships, partly because many people seem to shy away from her.

"What a lot of these people say is, what's more important than what happened is how people react," says Greenberg, the psychologist.

Sympathy, support

The world has reacted to the Cleveland women with an outpouring of sympathy and support. This reaction will live on, amplified by the technologies that rose while the women were locked away.

Yet these women are more than the sum of their Wikipedia pages. Dugard, Smart and other survivors often speak of not being defined by their tragedies - another challenge for the Cleveland survivors.

"A classmate will hear their name, or a co-worker, and will put them in this box: This is who you are and what happened to you," Donohue-Dioh says. "Our job as society is to move beyond what they are and what they've experienced."

"This isn't who they are," Dugard told People. "It is only what happened to them."

Still, for the three Cleveland women, their journey forward will always include that horrifying lost decade.

"We can't escape our past," Donohue-Dioh says, "so how are we able to manage how much it influences our present and our future?"

NEWS,23. AND 24.02.2013

Italians vote in cliffhanger elections

Voting was underway in Italy's general election on Sunday, amid uncertainty about who will prevail and signs of mounting support for a radical protest party which advocates a referendum on the country's eurozone exit.Polling stations opened at 8am (07:00 GMT) and were to close at 10pm. A second day of voting takes place on Monday, from 7am to 3pm, with exit polls due immediately thereafter.A total of around 50 million Italians are eligible to vote, but analysts predict abstention rates of around 30%. Snow in northern Italy was expected to hold some voters back.According the Ministry of Interior, voter turnout stood at 14.6% by noon, down from 16.3% at the last general elections in 2008.The frontrunner in the contest is centre-left leader Pier Luigi Bersani, but his "Italy Common Good" coalition risks falling short of a majority in the upper house of parliament, the Senate.Negotiations to form a government may be complicated by the likely success of comedian Beppe Gril, whose anti-establishment Five Star Movement drew hundreds of thousands of people for its final rally on Friday in Rome.Pollsters say the movement could emerge as the third or second-largest single party in parliament. Grillo is not standing himself, but has pledged to act as the party's "spokesperson."The other main contenders are scandal-prone former premier Silvio Berlusconi, whose conservative coalition was trailing the centre-left before an opinion polls blackout came into force on February 8, and outgoing premier Mario Monti.Monti's centrist alliance is seen as the most likely coalition partner for Bersani were he not to secure a solid majority but the prospective deal is hindered by policy differences between Monti and Bersani's leftist ally, Nichi Vendola.All the leaders except Grillo had cast their vote by Sunday morning.

Britain clings to austerity

British finance minister George Osborne insisted on Saturday that he would not abandon his deficit-cutting drive after Moody's stripped the country of its coveted triple-A debt rating.The opposition lashed Osborne, saying his plan for the economy was shot through, while analysts said that although it was an embarrassment for him, the downgrade would have a limited impact in the markets.In an expected rebuff to London's hopes that sharp spending cuts would both gradually eliminate the deficit and revive growth, Moody's rating agency cut Britain's grade by one notch to Aa1 on Friday.Osborne said it was a "loud and clear message that Britain cannot let up in dealing with its debts, dealing with its problems, cannot let up in making sure that Britain can pay its way in the world."What is the message from the ratings agency? Britain's got a debt problem. I agree with that. I've been telling the country for years that we've got a debt problem, we've got to deal with it."What do they also say? That if we abandon our commitment to deal with that debt problem, then our situation would get very much worse and I'm absolutely clear that we must not do that."Asked if he had broken his commitment to protecting Britain's credit rating, he said the true test of credibility was whether Britain could borrow money."At the moment we can do that very cheaply with very low interest rates precisely because people have confidence that we have got a plan," he said.Moody's said government debt was still mounting and that growth was too weak to reverse the trend before 2016.It described the British economy as constrained both by turgid global growth and the drag from businesses and the government rapidly slashing their debt burdens.Calling it a "humiliating blow", Labour opposition finance spokesperson Ed Balls said Osborne had failed in his chief stated mission of retaining Britain's AAA status."The reality is an economy which is not growing, a deficit which is getting bigger, families in real stress and a government which is ploughing on regardless with a plan which is not working," he told BBC television."Saying 'the medicine is not working, let's increase the dose of the medicine' that is completely crazy economics."However, Howard Archer, chief UK economist at IHS Global Insight research group, said that the market had been anticipating the downgrade for some time, though Britain's pound sterling currency may be vulnerable."It does focus attention on the UK economy's extended and ongoing serious problems," he said."The loss of the AAA rating certainly puts pressure on Mr Osborne to come up with more initiatives in the (March 20) budget to try and boost growth."While an embarrassment for the government and a cause for piqued pride, we suspect that the loss of the AAA rating will have only a limited negative impact for the UK economy." Mark Littlewood, director general of the Institute of Economic Affairs free-market think-tank, said: "The damaging impact of ballooning national debt, public spending raging out of control and tax rises should not be underestimated."Taking immediate action to tackle the deficit must now be the priority. George Osborne should focus on making sufficient savings in public spending to implement a substantial programme of tax reductions."Meanwhile Howard Wheeldon, senior strategist at stockbrokers BGC Partners, said the downgrade was not a reason for an economic policy change."Any amount of manipulation by attempted false stimulation of the economy in an attempt to create 'artificial' growth would in my view make an already bad deficit problem even worse," he said."We have all lived beyond our means for far too long."If the UK deficit is to be brought down and the task of reducing the debt mountain begun, Mr Osborne has no option but to stick to his guns."We are light years away from returning to growth."

Indian tycoon donates $2bn to charity

Indian software tycoon Azim Premji said Saturday he has given $2.3bn to an education charity that he controls, reportedly the biggest charitable donation in the country's recent history.It is his second recent big donation after giving almost $2bn to the charity in 2010, and came shortly after he joined the Giving Pledge club set up by Microsoft co-founder Bill Gates and billionaire investor Warren Buffet.In Saturday's donation, the chairman of software firm Wipro transferred shares worth $2.3bn from the company to a trust which controls the education charity Azim Premji Foundation, a company statement said.The billionaire, who inherited a cooking oil company and transformed it into India's third-biggest outsourcing services firm, said the trust will use the funds to scale up the foundation's activities "significantly". The charity seeks to boost the quality of India's overstretched education system by improving teacher quality and setting up model schools.The Business Standard newspaper and other media reported it was the biggest one-off donation to charity in India in modern times.The media-shy tycoon is India's third wealthiest individual with a net worth of some $16bn, according to a 2012 Forbes rich list.Premji, whose trust funds initiatives including rural education and teacher training, has long promoted education as a way to tackle India's deep poverty.He told a recent World Economic Forum in Davos that "education is perhaps the most powerful enabler of human life and equity".A few days ago, he became the first Indian to join the Giving Pledge club, which encourages the world's wealthiest to donate at least half their fortunes to charity.Those who are "privileged to have wealth should contribute significantly to try and create a better world for the millions who are far less privileged," Premji said when joining the club.The billionaire's donation comes amid growing disquiet in India about the yawning divide between the country's burgeoning wealthy class and the hundreds of millions still living in deep poverty.A 2012 report on philanthropy by global consultancy Bain noted a "striking imbalance" in India, noting it was home to one of the world's fastest-growing wealthy populations but also one in three of the world's malnourished children.While the report noted that philanthropy was on the rise, it added there was "significant room for improvement if India is benchmarked against the US, one of the world's leaders in private giving".With Premji's latest donation, his educational charitable trust's shareholding in Wipro will go up to nearly 20%.

Horsemeat scandal: Now health fears

Horsemeat containing a drug potentially harmful to humans has likely entered the food chain, France said on Saturday, adding health concerns to the food scandal raging across Europe.A spokesperson for the French agriculture ministry told AFP several horse carcasses containing the drug Phenylbutazone have probably ended up being eaten by consumers.Phenylbutazone is an anti-inflammatory treatment for horses which is potentially harmful to humans and by law is supposed to be kept off plates.Britain alerted Paris that six tainted carcasses had been exported to France in January, but the meat had already been processed by the time the warning came.Agriculture Minister Stephane Le Foll said that although some of the meat had been recalled, the equivalent of three carcasses had "probably" made it to consumers, but added there was "no health risk" since the traces of phenylbutazone found in the meat were "extremely weak".The minister underscored that the find was in no way connected with the wider horsemeat scandal however, since the meat had not been disguised as beef.But the announcement still added a new dimension to the scandal over mislabelled meat that erupted in Europe in January after horsemeat was initially found in so-called beef ready-made meals and burgers in Britain and Ireland. Since then, supermarkets across the continent have pulled prepared meals from their shelves, with effects felt as far away as Hong Kong, where an imported brand of lasagne has been withdrawn from stores. On Saturday, Italy joined the long list of countries that have been hit by the fraud, reporting its first case of horsemeat-contaminated lasagne. The horsemeat was found in tests on six tons of mincemeat and 2 400 "lasagne bolognese" packages produced by a central Italian company that had used meat from suppliers based in the northern part of the country.The tests were carried out as part of sweeping checks by police on 121 brands across the country.French President Francois Hollande said on Saturday that he would push for mandatory labelling of meat in ready-made meals."I want there to eventually be mandatory labels on the meat contained in prepared meals," Hollande said while visiting an agricultural show in Paris."Until then, I will support... all initiatives for voluntary labelling" so that "consumers know the origin of the products they are consuming, especially meat".French firm Spanghero has been at the heart of the scandal after it allegedly passed off 750 tons of horsemeat as beef, with the product eventually finding its way into 4.5 million "beef" products sold across Europe.French authorities had initially suspended the company's sanitary license, but following protests from 300-odd workers allowed the company to resume production of minced meat, sausages and ready-to-eat meals.The company was banned, however, from stocking frozen meat.In Ireland, authorities on Friday suspended production at a meat processing plant after investigators found it was selling horsemeat labelled as beef.B&F Meats, a small company licenced to debone beef and horsemeat in Carrick-on-Suir in County Tipperary, was found to be sending horsemeat to a customer in the Czech Republic, the Irish agriculture ministry said in a statement.The label in the Czech language refers to beef, it added.

North Korea ups readiness, tensions

North Korean leader Kim Jong-Un has overseen a military drill, state media said on Saturday, his third such inspection in as many days as tensions run high following Pyongyang's third nuclear test.Accompanied by top military commanders, Kim watched a flight exercise and a paratrooping drill by the Korean People's Army, the Korean Central News Agency (KCNA) said."He called on the KPA service personnel to put spurs to making preparations for going into action, keeping themselves at maximum alert at all times."Once the enemies make a provocation, you should give full play to the inexhaustible combat capability to deal deadly blows at them ... and blow up their strongholds of aggression," he was quoted as saying by KCNA.The state news agency did not to give the date of the visit but it was believed Kim's latest trip was on Friday.KCNA said on Friday Kim had also inspected a tactical attack exercise combined with live shell firing.On Thursday, KCNA reported he had visited KPA Unit 323, which is believed to be an anti-air missile unit.North Korea on 12 February carried out its third nuclear test in seven years in what it says was a riposte to the US hostility shown in the widening of existing UN sanctions following its satellite launch in December last year.World powers on the UN Security Council united to condemn the nuclear test, and the US led calls for tougher sanctions.But Pyongyang has threatened still stronger action, defying warnings of United Nations measures.North Korea is already under international sanctions for conducting two nuclear tests in 2006 and 2009, which both came after long-range rocket launches.

Hundreds pray for Hugo Chavez

Hundreds of Venezuelans held a candlelight vigil Friday for President Hugo Chavez, praying for their leader while he remained in a hospital undergoing cancer treatment.Chavez's supporters gathered on a wide stairway in a hillside park near the presidential palace. They lit candles at sunset and sang along with a recording of a healthy Chavez belting out the national anthem.Some wiped away tears. Others closed their eyes and prayed.Some said they felt sad, yet still hopeful that Chavez might be able to survive."We're praying for the president, for him to get through all of this," said Ana Perez, a seamstress holding a candle and shielding her flame from the breeze with a piece of paper.Her eyes filled with tears as she talked about Chavez. "There is no other president like this one. He's unique," she said, wiping a wet cheek."He's going to come out of all of this, and he's going to get better," Perez said. "He's survived many hard things. He's strong."A group of indigenous people wearing colourful dresses, beads and feathers danced around a bonfire at the base of the stairs. One man blew on a conch shell, while others shook maracas as they danced around the flames.Chavez hasn't been seen since he returned to Venezuela on Monday from Cuba, where for 10 weeks he was recovering and fighting complications following his latest cancer surgery on 11 December.Vice President Nicolas Maduro said on Friday night that he and other officials had met with Chavez at the military hospital. Maduro said Chavez is continuing to undergo treatment for "respiratory insufficiency" and is breathing through a tracheal tube, which hinders speech."He communicated with us through various written ways to give us his guidance," Maduro said, speaking on television alongside other aides at the hospital. Maduro said Chavez was smiling and in an energetic mood, "with an immense strength of will."He said they talked with Chavez in three sessions lasting about five hours. "We came out filled with his strength," Maduro said.During the vigil, some in the crowd held photos of Chavez while a preacher spoke from a stage, saying: "The president is going to be healthy!"Lissette Cordero, who stood holding a candle next to her 5-year-old son, said she's grateful to Chavez for creating government-funded neighbourhood councils and inexpensive state-run food stores.Her son, who also held a candle, looked up at the stage where the minister was speaking and asked, "Is that Chavez?""No," his mother replied with a smile."I have faith he's going to recover. It's hard," she added. "I love him."The government has not given details about the treatment Chavez is undergoing, and hasn't identified the type or exact location of the tumours that have been removed from his pelvic region.Venezuela's opposition has demanded the government provide more specific information about Chavez's condition, and has criticized a decision by lawmakers last month that indefinitely postponed his swearing-in ceremony for a new six-year term.Two prominent Venezuelan jurists asked the Supreme Court on Thursday to determine whether Chavez is fit to remain in office. Former Supreme Court President Cecilia Sosa Gomez and professor Jose Vicente Haro called for the court to appoint a board of medical experts to determine whether Chavez is in physical and mental shape to remain president.They argued that if Chavez is fit to be president, the court should proceed to hold a public swearing-in.Government officials insist Chavez remains in charge and has been communicating with government officials about policy decisions and signing documents.Foreign Minister Elias Jaua read a lengthy letter from Chavez on Friday to a gathering of African and South American leaders in Equatorial Guinea.In the letter, which ran for about 1, 00 words, Chavez said he was sorry not to be able to attend the meeting. Chavez denounced Western military intervention in countries such as Libya in recent years, and called for more "South-South co-operation."The letter ended with the words: "We will live and be triumphant!"Prayer gatherings for Chavez this week have included a ceremony where indigenous shamans danced on Thursday, attended by Guatemalan indigenous activist Rigoberta Menchu.Menchu, who received the 1992 Nobel Peace Prize, said she had come to Venezuela "as one of the Maya spiritual guides" with knowledge of medicinal traditions."I'm completely sure that President Hugo Chavez has received the cosmic energies. He has received the strength of our Mother Earth. ... He is going to overcome big obstacles," Menchu said Friday at a televised event where she spoke alongside Maduro.As for Chavez, she said, "He has to have sufficient rest so that he can recover the strength of his vital energies as soon as possible."

NEWS,07.10.2012

Chavez's socialist rule at risk as Venezuelans vote

Venezuelans have voted with President Hugo Chavez's 14-year socialist revolution on the line as the leftist leader faced youthful rival Henrique Capriles in his toughest electoral challenge yet. Henrique Capriles, a centrist state governor, edged toward the still popular Chavez in final polls thanks to a vigorous campaign that united the opposition and made him its best chance of ending Chavez's 14-year rule.Chavez has used record oil revenue to support ideological allies around the world, while preaching a fiercely anti-US line, so the election will be watched eagerly from the United States to Belarus and Iran.Across the poor neighbourhoods where the flamboyant former soldier draws his most fervent following, loyalists prepared to blow bugles and trumpets in a predawn wake-up call for voters.Opposition sympathizers banged pots and pans in a protest against Chavez on Saturday night, creating a racket in the upscale neighbourhoods of eastern Caracas. In the city centre, which is more pro-government, the noise was drowned out by supporters playing his campaign music and shouting his name."I ask political actors from the left, right and centre to prepare emotionally to accept tomorrow's results. It's not going to be the end of the world for anyone," Chavez said at a last- minute news conference at the presidential palace.The 58-year-old president staged a remarkable comeback from cancer this year. But he could not match the energy of past campaigns - or the pace set by his 40-year-old basketball-loving opponent.Most well-known pollsters put Chavez in front. But two have Capriles just ahead, and his numbers have crept up in others.There is a risk of violence if the result is contested.There will be no formal international observers, although Venezuela invited a delegation of the UNASUR group of South American nations to "accompany" the vote.Local groups will be monitoring and both sides say they trust the electronic, fingerprint vote system. The opposition says it will have witnesses at all of the 13,810 polling centres from tiny Amazon villages to tough Caracas slums.Capriles geared up on Saturday for the vote by hiking a mountain trail at the edge of Caracas that is popular with athletic Venezuelans. He donned running clothes and mirrored sunglasses, and posed for pictures with supporters.Chavez spent about half an hour in the evening speaking to reporters alongside members of the UNASUR delegation, headed by an Argentine politician. Asked by one reporter if he wanted to stay in office beyond 2018, he glibly replied, "Twenty years is nothing," in reference to a popular Argentine tango song.Capriles shot back via Twitter. "Right now some people continue with the same nonsense and the same stories as always, the difference is this time they're on their way out!"In a politically polarised country where firearms are common and the murder rate is one of the highest in the world, tensions have risen alongside weeks of tough campaign rhetoric, and both camps are vowing to "defend" their votes.Capriles would face big challenges Chavez accuses the opposition of plotting violence and planning to "reject the people's triumph" when he wins, but says that effort will be defeated. Some opposition activists fear he could refuse to step down if the result goes against him.Victory for Capriles would remove the most vocal critic of the United States in Latin America, and could lead to new deals for oil companies in an OPEC nation that pumps about 3 million barrels a day and boasts the world's biggest crude reserves.Capriles wants to copy Brazil's model of respect for private enterprise with strong social welfare programs if he is elected - but he would face enormous challenges from day one.For a start, he would not take office until January 2013, meaning Chavez loyalists might throw obstacles in the way of the transition.He also would have to develop a plan to tackle entrenched high inflation, price distortions and an over-valued currency, while surely butting heads with the National Assembly, judiciary and state oil company PDVSA - all dominated by Chavez loyalists.Another big task would be to figure out the real level of state finances. Last month, a Reuters investigation found that half of public investment went into a secretive off-budget fund controlled by Chavez and had no oversight by Congress.The president has denounced his foes as traitors and told voters they plan to cancel his signature social "missions," which range from subsidized food stores to programs that build houses and pay cash stipends to poor women with children.Tens of thousands of new homes have been handed over this year, often to tearful Chavez supporters at televised events.If Chavez wins, he can consolidate his control over Venezuela's economy and continue his support for leftist governments across Latin America, as well as allies farther afield such as Iranian President Mahmoud Ahmadinejad, Syria's Bashar al-Assad, and Alexander Lukashenko of Belarus.

Spain faces fresh street protests

Thousands of Spaniards have marched in cities across the country to decry tough austerity measures, part of a growing protest movement that shows no signs of abating and could culminate in a general strike in November.Hundreds of thousands of Spaniards took to the streets yesterday, creating a headache for the centre-right government as it faces regional elections and tries to assure investors the country is stable.Spanish labour unions said they would call a general strike if the government did not hold a referendum on unpopular spending cuts. Prime Minister Mariano Rajoy unveiled 13 billion euros in additional savings in a tough budget last month."It's up to the government whether there's a general strike or not. If they were going to hold a referendum things would be completely different," said Ignacio Fernandez Toxo, leader of Spain's biggest union, Comisiones Obreras. Spain is now at the eye of the euro zone storm, with expectations mounting that the government will soon seek European aid to keep its borrowing costs under control."It's shameful - we're losing everything," said Carmen Lopez, a department store worker at Sunday's protest in the capital. "Pensions, salaries, public healthcare and education. They're taking everything."Some 60,000 people attended the union-organised march in the centre of Madrid. "How can there be peace without bread?" and "Their plunder, my crisis", placards read."I'm a teacher and they've really cut back in education - there are fewer resources, fewer teachers and more students," said Agustin Moreno, who teaches in the Madrid neighbourhood of Vallecas."We will do everything we can. We will keep protesting," he added.Protesters were decked out in the colours of various unions, and many wore T-shirts saying "I used to have social and labour rights"."They're taking away help for people who are unemployed, just at the time when people most need the help," said primary school teacher Francisca Valverde.Protests were taking place in dozens of cities on Sunday, but there were no reports of any violence.Under pressure Rajoy's People's Party (PP) faces regional elections in Galicia, the Basque Country and Catalonia - increasingly vocal about its desire to break away from Spain - in the coming weeks.In the wake of violence during a protest in Madrid on September 25, Rajoy urged a business audience in New York last week to focus on the "silent majority" of Spaniards who do not protest.But a survey in El Pais newspaper on Sunday showed 77% of Spaniards support the protesters, while more than 90% think protests will become more frequent.The government is increasingly unpopular at home and must convince uneasy investors that it can keep a lid on social unrest and carry out its austerity policies.The right to protest has become a topic of fierce debate in Spain since the September 25 demonstration ended in 35 arrests and left 64 people injured.Last week politicians from the ruling People's Party (PP) said laws surrounding protests should be tightened up, with Madrid's local government chief Ignacio Gonzalez saying the capital was in "a constant state of collapse" because of demonstrations.But a Spanish court on Thursday threw out a police case against the organisers of the protest, saying people had a right to express their opinion. The court will also investigate police brutality at Madrid's Atocha station during the demonstration.

Wall Street: US companies 'blaming' weakness in Europe

Wall Street may be bracing for a pullback as US season begins next week - if the clouds of profit warnings from bellwethers ranging from FedEx to Hewlett-Packard lead to a downpour of lower profits - or even losses.Thanks to aggressive stimulus plans from central banks around the world, the Standard & Poor's 500 index. SPX gained 5.8% over the third quarter.That sharp rally occurred even as companies were struggling. Earnings for that period are forecast to fall 2.4 percent from the year-ago quarter. If that happens, this would be the first earnings decline in three years..Market strategists and investors say US stock valuations are broadly out of sync with earnings estimates.They forecast a pullback in stocks in the coming weeks as more companies report results and reduce expectations for the fourth quarter and beyond.Fourth-quarter estimates for S&P 500 companies show a 9.5% gain in profit from a year ago, according to Reuters data. Analysts say that outlook is too high, given what investors are already hearing from the corporate world."It's a divergence right now where the valuations as far as equity prices (are concerned) have soared, and are really putting in place a stronger economy and stronger fundamentals," said Alan Lancz, president of Alan B. Lancz & Associates, an investment advisory firm in Toledo, Ohio."But earnings will be the telltale sign," Lancz added. "And if the guidance isn't particularly strong, the market might be setting itself up for a little disappointment. I don't see a major correction, but I do see a pullback."The earnings season will kick off on Tuesday with results from after the bell.Analysts expect Alcoa's third-quarter results to show it broke even, down from a profit of 15 cents per share a year earlier.JPMorgan Chase & Co and Wells Fargo, the first big financial names to report, are also on tap next week.Blame Europe Nearly half of S&P 500 companies guiding lower for third- quarter earnings blamed weakness in Europe, according to a Thomson Reuters survey.Another 11% blamed the weak global economy, 8% cited strength in the US dollar, and 6% cited the slowdown in China, the survey showed.Weakness in the US economy has not helped. The final read on US second-quarter gross domestic product last month showed growth of just 1.3%, weaker than an expected 1.7%.On Thursday, software maker Informatica issued a profit warning and said business conditions were worsening in Europe. The software company is considered a bellwether because its products are used alongside those made by larger software companies."Parts of Europe aren't just in recession, they're in depression," said Jeff Kleintop, chief market strategist at LPL Financial in Boston. "I think (analysts) underestimated the extent of the global slowdown, and maybe are still underestimating it."Tech feels chill from China While estimates have come down sharply in all 10 S&P 500 sectors since the start of the year, technology is one area where the lower expectations are most notable. Slower growth in China is a big factor in that trend.Earnings growth in the tech sector is expected to be just 2.3% for the quarter, compared with a July 1 forecast of 13.1%.Apple is a big driver of those gains.Technology's profit growth has been crucial for the S&P 500. Minus technology, S&P 500 earnings are expected to be down 3.4%.The tech sector is where the slowdown in China's economy is having the biggest impact, Kleintop said."They consume a lot of US technology products," he said.Recent data shows that the pace of growth in China, the world's second-largest economy, may slow for a seventh quarter, straining earnings in the tech and materials sectorsApplied Materials lowered its third-quarter estimates in August, citing China and Europe. On Wednesday, the chip gear maker said it planned to cut its global work force by 6% to 9%.FedEx, the world's second-largest package delivery company, cut its fiscal 2013 forecast on September 18, saying a weakening global economy gives its customers a reason to switch to less expensive and slower shipping options. FedEx said its earnings could drop as much as 6% for its fiscal 2013 year, which will end in May.On Wednesday, shares of Hewlett-Packard fell a whopping 13% to a nine-year low after it forecast a far steeper-than-expected drop in 2013 profit.The slide in HP's stock price sharply cut the Dow industrials' gains for the day.The S&P 500 sectors showing the biggest projected earnings decline are materials, forecast down 24%, and energy, expected down 18.8%, data show, with those declines tied largely to the global slowdown.In contrast, consumer discretionary stocks are expected to have the strongest profit growth for the quarter data showing a gain of 7.7%.

NEWS,17.06.2012

Greeks vote in election that could decide euro's fate

Greeks have gone to the polls in an election that could decide whether their heavily indebted country remains in the euro zone or heads for the exit, potentially unleashing shocks that could break up the single currency.In an election fought over the punishing austerity package demanded by international lenders as the price of keeping Greece from bankruptcy, opinion polls showed the radical leftist SYRIZA party, which wants to scrap the deal, running neck and neck with the conservative New Democracy, which broadly backs it.The European Union and International Monetary Fund have insisted that the conditions of the 130 billion bailout accord agreed in March must be accepted fully by a new government or funds will be cut off, driving Greece into bankruptcy.All parties say they will keep Greece in the single currency, but SYRIZA leader Alexis Tsipras believes the agreement can be renegotiated without Greece having to leave, betting that European leaders cannot afford the turmoil that would be unleashed by cutting a member of the euro zone loose.On the right, establishment heir and New Democracy leader Antonis Samaras says rejection of the EU/IMF bailout would mean a return to the drachma and even greater calamity, although he, too, wants to renegotiate some aspects of the package.Opinion polls show Greeks, weary after five years of deep recession, overwhelmingly favour remaining in the euro, but there is bitter anger over repeated rounds of tax hikes, slashed spending and sharp cuts in wages.Many voters are also furious with New Democracy and the other traditional ruling party, the now severely weakened PASOK, blaming them for decades of corruption, waste and inefficiency."It's the first time I feel depressed after voting, knowing that I voted again for those who created the problem, but we don't have another choice," said 66-year-old English teacher Koula Louizopoulou."I voted for the bailout because these are the terms that will keep us in Europe," she said.A win for Greece's national soccer team in a game on Saturday at the Euro 2012 championships provided some lift for voters but there was little sign of enthusiasm at the polling booths, which close at 7pm. Exit polls will follow soon after voting ends.'Staring into the abyss' "It's obvious the country is now staring into the abyss," leading Greek daily Kathimerini said in a front-page editorial on Sunday, calling for the creation of a New Democracy-led "unity" coalition to keep the country in the euro.The party gaining the most votes wins an automatic 50-seat advantage but neither New Democracy or SYRIZA is expected to win an outright majority and whoever emerges as top party will have to hold coalition negotiations with smaller groups.European leaders weighed in on the eve of the vote - a re-run of an earlier election on May 6 that produced no clear winner - some of them openly urging Greeks to reject SYRIZA or risk undermining the very foundations of the single currency.But whoever wins power may find their tenure is short-lived and, despite the insistence of EU politicians, some adjustment of the bailout terms may be inevitable if Greece is to cut a public debt amounting to 165 percent of gross domestic product."It is a scenario I see as likely and if that is the condition presented for Greece to stay and then move on, I would say it is probably something that should be attempted," Angel Gurria, head of the Organization for Economic Cooperation and Development.Central banks from Tokyo to London are readying arsenals to defend banks and national currencies against any post-election turmoil. The result will dominate a meeting of the Group of 20 world economic powers on Monday and Tuesday in Mexico.Finance officials in the euro zone have discussed limiting the size of withdrawals from ATM machines, imposing border checks and introducing euro zone capital controls as a worst-case scenario.Euro zone officials have hinted they might give a new Greek government someleeway on how it reaches debt targets set by the EU/IMF bailout package, but there would be no change to the targets themselves.Euro zone paymaster Germany warned Greeks on Saturday the bailout would not be renegotiated."That's why it's so important that the Greek elections preferably lead to a result in which those that will form a future government say: 'Yes, we will stick to the agreements'," Chancellor Angela Merkel told a party conference of her Christian Democrats.A Greek exit from the single currency would heap further pressure on two far larger European economies - Spain has already received up to 100 billion euros to save debt-riddled banks and Italy could be next to seek a bailout.German warning Anger with the establishment parties New Democracy and PASOK propelled SYRIZA and its youthful leader, a former Communist student protest organiser, from the obscure radical fringe to a shock second place on May 6.The far-right Golden Dawn party also won seats in the first election, underscoring the fragmentation of a stressed society wrestling with unemployment of almost 23 percent and plummeting living standards.Five years of recession and more than two years of acute crisis have started to fray the edges of Greek society, undergoing its severest test since the overthrow of the military dictatorship in 1974.The streets of central Athens are scarred by repeated waves of protests, some hospitals are short of vital medicines and reports of suicides caused by the crisis have become routine.Five opinion polls published before a blackout two weeks ago put New Democracy narrowly ahead. Two other polls had SYRIZA leading.But analysts say Samaras, 61, will find it hard to govern for long with an empowered SYRIZA protesting at the gates. Tsipras, if he wins, will inherit a country on the verge of bankruptcy.He has ruled out a government of national unity and promised to nationalise banks and halt privatisations.Some global businesses and banks are already in retreat.Europe's biggest retailer Carrefour said on Friday it was selling up in Greece, a day after French bank Credit Agricole moved to take direct control of its Albanian, Bulgarian and Romanian units from its Greek bank Emporiki.

NEWS,16.06.2012

Greece election 'euro versus drachma'

 

Conservative leader Antonis Samaras has told Greeks they face a stark choice between staying in the euro or a "nightmare" return to the drachma in an election that threatens to send shockwaves through the single currency.Samaras's New Democracy party is neck and neck with the radical leftist SYRIZA going into Sunday's pivotal vote, with SYRIZA leader Alexis Tsipras threatening to tear up the punishing terms of the 130 billion euro bailout that is keeping Greece from bankruptcy.Addressing supporters at his final campaign rally, Samaras pledged again to renegotiate the bailout's punishing terms in order to promote growth and jobs, but said that to go head to head with the country's European partners would mean the end of Greece's euro membership."We are going into an election to decide the future of Greece and of our children," Samaras, 61, told the crowd of several thousand waving Greek and EU flags in the capital's central Syntagma square."The first choice the Greek people must make is: euro versus drachma.""There are some outside Greece who want the country to be the black sheep and push it out of the euro. We will not please them," Samaras said, in a speech laced with the anti-immigrant rhetoric on the rise in Greece as the economy flounders.Neither party is expected to win outright, and negotiations will follow to create a pro- or anti-bailout coalition government.Nightmare Euro zone officials have hinted they might give a new Greek government some leeway on how it reaches debt targets set by the EU/IMF bailout package, but there would be no change to the targets themselves.Greece's lenders say they will turn off the taps if the country rejects the bailout. Tsipras says Europe is bluffing - it cannot afford to cut Greece loose and risk the contagion for the much larger economies of Spain and Italy, he argues.Greeks say overwhelmingly that they do not want to leave the euro, but neither do they want the pension, job and wage cuts arising from the bailout which have helped condemn the country to five years of record-breaking recession."I'm optimistic because I hope people will think as Greeks when they vote and not give in to anger," 61-year-old pensioner Anthi Zoitou said during Friday's rally."I voted for another party ... in the previous election," said 32-year-old economist Antonis Kargas, "but will vote for New Democracy now. The dilemma facing Greece is whether it holds onto its European prospects."Sunday's vote is a re-run of a May 6 election that produced stalemate.Tsipras has rejected forming a government of national unity, but Samaras said the country could not afford a third election."We cannot withstand it," he said. "We are in favour of renegotiating (the bailout) for jobs and to remain in the euro; this is what the Greek people want.""Should young people have opportunities to work or will we allow today's incredible unemployment to become a nightmare?"

Investors seek shelter before Greek vote

Traders and investors are taking all bets off the table before this weekend’s Greek elections, which may decide whether Athens stays in the eurozone. Greece votes on Sunday in a second attempt to choose a government that will decide whether to back the terms of its international bailout. G20 officials say central banks are ready to act to calm markets if needed. But investors are not taking any chances. “People are just totally hands off, they don’t want to know. Why would anyone want to deal this side of the weekend?” said Steve Larkins, head of sales trading at Seymour Pierce. “With the Greek elections coming up, Monday morning could be a disaster for someone taking a big bet over the weekend.” Hedge funds, typically among the most aggressive market players, are also wary, taking on only 10%-30% of their maximum permitted bets on risky assets, said Gerry Fowler, global head of equity and derivative strategy at BNP Paribas. “There are so many risks that just can’t be modelled... it really creates a market where no one can do anything with conviction and it’s a matter of wait and see,” he said. Global fund managers’ cash balances have jumped to 5.3% this month, their third-highest level on record, according to a Bank of America Merrill Lynch survey. Equities investors have been reluctant to roll over, or replace, options contracts which expire on Friday, as they opt for neutral positions. Some 1.4 million futures contracts on Euro STOXX 50 index of eurozone blue chips are yet to be rolled over, according to Eurex data. Shake out The shaking out of positions has led to high volumes. Monday was the Euro STOXX 50 index’s most active day of 2012 and this has been one of the year’s most active weeks. In currency markets, the euro has rallied versus the dollar  - arguably a counter-intuitive move given the eurozone crisis. Traders say the rebound has been driven by investors’ desire to unwind the large number of net short bets built up in the single currency. “As far as the euro/dollar is concerned, I am going square into the Greek elections. I have a feeling, either way, things will drag on for a while and that gives us enough reaction time,” Stuart Frost, head of Absolute Returns and Currency at fund manager RWC Partners. Position squaring was a factors behind a selloff this week in safe haven German government debt, which had been a favourite place for investors to sit out the crisis, even if that meant paying Berlin for the privilege. “Positioning is pretty square,” said one London-based bond trader. “People might still be a little bit long in longer-dated bonds but that’s probably because they haven’t been able to get out... A lot of bets have come off the table.” Another trader said the moves in the Bund futures signalled “that a lot of desks are either taking less risks themselves or have been told (to) stop taking risk until after the election”. Most sellers of insurance against a default on Greek government debt, known as credit default swaps (CDS), declined to quote before the weekend, dealers said. “I’d be surprised if anyone would want to dive in before the election with (Greek) bonds trading at 10 cents on the euro. "If we get some stability with the election then we’d expect trading to pick up again,” said one head of European credit trading at a major US bank. Ready for rollercoaster Investor nervousness is evident in the big gap between actual volatility on the Euro STOXX 50, which has fallen to two-month lows below 20, and the implied volatility as measured by the VSTOXX which has stayed stubbornly high around 32. “The spread between realised and implied volatility has gone up in a way that would explain the market is pricing in some Greek weekend risk,” said Abhinandan Deb, European head of equity derivatives research at Bank of America Merrill Lynch. Implied volatility reflects options pricing and is a measure of expected price swings. In the currency market, one-week implied volatilities have jumped to around 15.40%, the highest in six months and almost double the level of realised volatility. “Expect a rollercoaster in the markets,” said Stefan Angele, head of investment management, Swiss & Global Asset Management, although he advised keeping some positions, such as an "underweight" stance on the financial sector. With so much nervousness and so much money off the table, the markets could be poised for wild swings come Monday morning. “There is a gigantic number of shorts in euro/dollar so any headline that comes out over the weekend that indicates that Europe is safe will create the scope for a massive squeeze up on Monday,” said Jeremy Batstone-Carr, director of private client research investment strategy at Charles Stanley.

NEWS,06.05.2012.

France holds breath ahead of tight vote

 

France held its breath on Saturday on the eve of a presidential election that Socialist Francois Hollande was predicted to win despite incumbent Nicolas Sarkozy closing the gap after wooing the far-right.Political speeches and new opinion polls have been banned since a particularly ferocious campaign ended on Friday night, but the last poll published ahead of the deadline forecast a 52-48 per cent win for Hollande.The Ifop-Fiducial poll said Sarkozy has clawed back six percentage points of voter intentions since the end of last week as he went all-out to enchant those who voted for far-right candidate Marine Le Pen in the first round.With the Socialist’s lead the narrowest since campaigning began, Sarkozy has vowed a surprise, while Hollande has stressed that nothing can be assumed about a first Socialist presidential victory in over a quarter century.“Everything is possible on Sunday,” admitted the left-leaning Liberation’s headline, while the pro-Sarkozy Le Figaro’s front page stressed that French citizens had a “historic choice”.“Electing a president is not a beauty contest,” warned a Le Figaro editorial, apparently targeting Hollande’s image as a soft and convivial consensus builder without ministerial experience.Liberation skewered Sarkozy for dragging his UMP party ever further to the right as he courted National Front voters, vowing to defend French values, limit immigration and strengthen France’s borders. “Whatever the outcome, the political landscape will remain profoundly, durably and dangerously transformed,” it said. French overseas territories were voting on Saturday, before the mass of some 46 million voters goes to the polls on Sunday.Hollande was spending Saturday with his partner Valerie Trierwiler in his political heartland Tulle in central France, while Sarkozy was with his wife, former supermodel Carla Bruni, and their baby daughter Giulia.Hollande won the April 22 first round with 28.63 per cent of the votes to Sarkozy’s 27.18 percent, and both candidates have been fighting for the votes of those whose candidates failed to make the run-off.Le Pen, who won almost 18 percent in the first round, has said she will cast a blank ballot, and observers expect many of her supporters to do the same.Ifop has forecast however that 55 per cent of her voters would back Sarkozy and 19 per cent Hollande.

 

Cameron hails London mayor win

British Prime Minister David Cameron on Saturday hailed fellow Conservative Boris Johnson's re-election as London mayor but it was the sole bright spot for his party as it took a mid-term beating.In local elections on Friday the opposition Labour party took control of 32 councils and won more than 800 seats at the expense of the Conservatives and their coalition partners the Liberal Democrats."I think it was a very strong campaign by Boris. It was based on his record, on the excellent things he has done out there and I am delighted to congratulate him," said Cameron, standing alongside Johnson at City Hall."It was a campaign the whole Conservative party got behind. I enjoyed campaigning for Boris but now what matters is working together for the good of London, as PM, as mayor, and that is exactly what we are going to do."Eccentric Johnson, famed for his dishevelled blond locks and gift for buffoonery, won 51.5 percent of the vote in a closer-than-expected run-off with rival and predecessor, Labour's Ken Livingstone."It was a very hard-fought long campaign," said Johnson, who will now lead London into the Olympic Games in July."I am grateful to the Conservative Party. They did turn out in large numbers to help me but I think we were able to reach people across the city with a message that resonated with them in tough times."British newspapers said Cameron now faces pressure from the right wing of the Conservative party to ditch policies including support for gay marriage, and bring in more radical tax and spending ideas."Now stand up for Tory values," said the right-leaning Daily Mail newspaper, while the left-leaning Guardian said the "drubbing" also boosted Johnson's own credentials for a possible Conservative leadership challenge.The Conservatives lost 12 councils and more than 400 seats in the local elections while the centrist Lib Dems, led by Deputy Prime Minister Nick Clegg, lost one council and lost more than 300 seats.Capping a bad month for the government after Britain slid back into recession, Cameron's push to create the posts of elected mayors in England's biggest cities was widely rejected in referendums.