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TEHRAN (Reuters) ? A senior Iranian Revolutionary Guards commander said on Thursday that the United States was not in a position to tell Tehran "what to do in the Strait of Hormuz," state television reported.
Tehran's threat to block crude shipments through the crucial passage for Middle Eastern suppliers followed the European Union's decision to tighten sanctions on Iran over its nuclear program, as well as accompanying moves by the United States to tighten unilateral sanctions.
Iran's English-language Press TV quoted Hossein Salami as saying: "Any threat will be responded by threat ... We will not relinquish our strategic moves if Iran's vital interests are undermined by any means."
Separately, Salami was quoted as saying by the official IRNA news agency: "Americans are not in a position whether to allow Iran to close off the Strait of Hormuz."
The U.S. Fifth Fleet said on Wednesday it would not allow any disruption of traffic in the Strait of Hormuz, a strip of water separating Oman and Iran.
At loggerheads with the West over its nuclear program, Iran said earlier it would stop the flow of oil through the strait in the Gulf if sanctions were imposed on its crude exports.
Analysts say that Iran could potentially cause havoc in the Strait of Hormuz which connects the biggest Gulf oil producers, including Saudi Arabia, with the Gulf of Oman and the Arabian Sea. At its narrowest point, it is 21 miles across.
But its navy would be no match for the firepower of the Fifth Fleet which consists of 20-plus ships supported by combat aircraft, with 15,000 people afloat and another 1,000 ashore.
(Writing by Parisa Hafezi Editing by Maria Golovnina)
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Corn is delivered by the truckload to ethanol plants like this one owned by Archer Daniels Midland in Decatur, Ill.
By Miguel Llanos, msnbc.com
America's corn farmers have been benefiting from annual federal subsidies of around $6 billion in recent years, all in the name of ethanol used as an additive for the nation's vehicles.
That ends on Jan. 1, when the companies making ethanol will lose a tax credit of 46 cents per gallon, and even the ethanol industry is OK with it -- thanks in part to high oil prices that make ethanol competitive.
Ethanol output and exports?reached record highs this year, and a federal law assures ethanol a longer-term?share of the motor fuel market.
"Like all incentives it was put in place to help build an industry and when successful, it should sunset," the Renewable Fuels Association said in a statement last week.
What the industry doesn?t want to see, however, is an end to a separate tax credit for ethanol made not from corn but non-foodstuffs like switchgrass, wood chips and even the leaves and stalks of corn.
Known as cellulosic ethanol, no one is selling it just yet due to its higher R&D and production costs. But the industry hopes to soon, and the production?tax credit is up to $1.01?per gallon.
The industry earlier this month asked Congress to extend that credit, set to expire on Dec. 31. 2012, for five years but lawmakers did not act before recessing last week.
In the case of corn ethanol, the writing had been on the wall for months. The subsidy's death was confirmed last week when Congress passed, and President Barack Obama signed, tax legislation that did not extend it.
Subsidized since 1979 as a homegrown fuel cleaner than gasoline, corn ethanol had plenty of opponents, environmentalists among them.
Environmentalists question the cleaner energy premise -- adding factors like tractor diesel emissions and fertilizer runoff make it dirtier, they say.
"Corn ethanol is extremely dirty," Michal Rosenoer, biofuels manager for Friends of the Earth, said in heralding the tax credit's demise. "It leads to more climate pollution than conventional gasoline, and it causes deforestation as well as agricultural runoff that pollutes our water."
Opponents also see corn ethanol, which now takes a larger share of the U.S. corn crop than cattle, hogs and poultry,?as a factor in?driving food prices higher.
"The end of this giant subsidy for dirty corn ethanol is a win for taxpayers, the environment and people struggling to put food on their tables,"?Rosenoer added.
A CNBC panel last June debates the impact of the ethanol subsidy on gas prices.
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Environmentalists do support cellulosic ethanol in principle since it doesn't compete with corn as a foodstuff.
But there's a nearer-term battle brewing over corn-based ethanol. A 2005 law requires that 7.5 billion gallons of renewable fuel be produced?by 2012 -- 6.25 billion gallons were produced?in 2011. A 2007 revision?gradually increases that to 36 billion gallons by 2022.
So far most of that renewable fuel has been corn-based ethanol.
"We will now also turn our attention to ending other federal policies that support dirty corn ethanol, including the Renewable Fuel Standard," said Rosenoer.
Some environmentalists say that standard could be a useful tool to incentivize clean ethanol.
The standard needs "to be strengthened and improved over time" to avoid "being taken over by corn-based biofuels," Nathanael Greene, director of renewable energy policy for the Natural Resources Defense Council wrote in his blog last week.
Greene's fear is that the standard might be weakened by those opposed to measuring a fuel's emissions of gases tied to global warming and its impact on land use.
As for tax credits, Greene told msnbc.com that the his group would like to see "a technology-neutral, performance-based tax credit that pays more" the cleaner a fuel is.
Short of that, the NRDC?is OK with extending the cellulosic tax credit beyond the end of next year -- and figures lawmakers will take that route since it is an easy one. "Given the current dysfunction in Congress this seems pretty likely," Greene says.
The ethanol industry, for its part, stresses it's only trying to jump start cleaner energy. "Unfortunately," the Renewable Fuels Association stated last week, "the same mentality does not extend to century-old tax subsidies supporting 20th century petroleum technologies."
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FILE - In this Nov. 25, 2011 file photo, a shopper rests herself and her bags in Herald Square during the busiest shopping day of the year, in New York. (AP Photo/John Minchillo, File)
FILE - In this Nov. 25, 2011 file photo, a shopper rests herself and her bags in Herald Square during the busiest shopping day of the year, in New York. (AP Photo/John Minchillo, File)
In this Dec. 13, 2011 photo, Jerry Clay of Chicago, shops at the Macy's on State Street store, in Chicago. A monthly survey shows consumers' confidence in the economy in December surged to the highest level since April and is near a post-recession peak.(AP Photo/Charles Rex Arbogast)
NEW YORK (AP) ? Americans are gaining faith that the economy is on the upswing.
An improving job outlook helped the Consumer Confidence Index soar to the highest level since April and near a post-recession peak, according to a monthly survey by The Conference Board.
The second straight monthly surge coincided with a decent holiday shopping season for retailers, though stores had to heavily discount to attract shoppers.
The rise in confidence jibes with a better outlook for the overall economy. An Associated Press poll of three dozen private, corporate and academic economists projects U.S. economic growth will speed up in 2012, if it isn't derailed by upheavals in Europe.
But confidence is still far below where it is in a healthy economy. And Americans' mood could sour again if the debt crisis in Europe deepens and spreads to the U.S. Shoppers still face big obstacles ? higher costs on household basics and a still-slumping housing market.
"This is encouraging. It's good to be talking about improvement," said Mark Vitner, an economist at Wells Fargo. "But there is still a lot of room for trouble."
The Conference Board, a private research group, said Tuesday that its Consumer Confidence Index rose almost 10 points to 64.5 in December, up from a revised 55.2 in November. Analysts had expected 59. The level is close to the post-recession high of 72, reached in February.
The December surge builds on a big increase in November, when the index rose almost 15 points from October. That month's reading was the lowest since March 2009, the depths of the recession.
One component of the index that measures how shoppers feel now about the economy rose to 46.7 from 38.3 in November. The other barometer, which measures how shoppers feel about the next six months, rose to 76.4 from 66.4.
In particular, shoppers' assessment of the job market improved, according to preliminary results of the survey conducted Dec. 1-14. Those anticipating more jobs in the months ahead increased to 13.3 percent from 12.4 percent while those anticipating fewer jobs declined to 20.2 percent from 23.8 percent.
Economists watch confidence numbers closely because consumer spending ? including items like health care ? accounts for about 70 percent of U.S. economic activity.
Americans have more reason to be optimistic. The economy has produced at least 100,000 new jobs for five months in a row, the longest such streak since 2006. The number of people applying for unemployment benefits has dropped to the lowest level since April 2008.
According to the AP poll of economists, conducted Dec. 14-20, the U.S. economy is expected to grow 2.4 percent next year. In 2011, it likely grew less than 2 percent.
"We're starting to make some progress," said Kathy St. Louis of Atlanta, who was picking up lunch Tuesday at CNN Center. "It could always be better, but we're trying to move in the right direction." She said she spent $700 on holiday presents, up from the $300 she spent last year, even though not much changed with her paralegal job.
Ahlum Beruk, 22, a Greenville, Miss., resident who was visiting Atlanta, was a student last year and worried about finding a job. This year she works for a hotel and spent about $100 on Christmas presents. She spent nothing on gifts last year.
"I do feel better because I have a job now, and I didn't before," she added.
Shoppers still face many hurdles. In fact, while the job market is steadily improving, the unemployment rate is still high at 8.6 percent. And housing remains wobbly. The Standard & Poor's/Case-Shiller index of home prices, also released Tuesday, dropped in October in 19 of the 20 cities it tracks. It was a second straight declining month, further evidence of a bumpy housing recovery
Lynn Franco, director of The Conference Board Consumer Research Center, noted renewed fears about a second recession hurt confidence last summer.
"While consumers are ending the year in a somewhat more upbeat mood, it is too soon to tell if this is a rebound from earlier declines or a sustainable shift in attitudes," Franco said. "Have we rebounded from a summer lull or are we turning the corner?"
In fact, even with the increase in confidence, shoppers have been focused on deals this holiday season. Shoppers, enticed by expanded hours and bargains, packed stores for the start of the holiday season, resulting in discount-fueled record spending. But then they retreated for a few weeks to wait for better deals.
Based on the stronger-than expected start and rising optimism that more spending was to come in the finale, the National Retail Federation earlier this month upgraded its holiday sales growth forecast to 3.8 percent, from the original forecast of 2.8 percent made in September. More data will be released this week that will help quantify the last-minute sales surge.
Still unclear is how the discounting will affect stores' profit margins. It might not be all bad for retailers: Roxanne Meyer, a retail analyst at UBS Investment Research, says post-Christmas markdowns were not as deep as expected, with less than half of retailers she surveyed increasing promotions from last year.
_______
AP Retail Writer Mae Anderson in Atlanta contributed to this report.
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Reuters
North Korea's new leader Kim Jong-un cries as his father, North Korea's late leader Kim Jong-il, lies in state during the run-up to his funeral in Pyongyang in this Dec. 27, 2011, still image taken from video.
Natalia Jimenez writes
This is the most emotion I have seen Kim Jong Un show since the death of his father, former North Korean leader, Kim Jong Il. I wonder what is going through the new young leader's mind? Surely, he is grieving over the loss of his father, but the "great successor" has also inherited major responsibilities as the new leader of an impoverished country, and with only a few years of experience in politics. According to the Guardian, little is known about Kim Jong Un. He is believed to be in his late 20s, and that his father spent the past year grooming him for this role.
See more photos from North Korea on PhotoBlog.
Related slideshows:
Kcna / Reuters
Lee Hee-ho, widow of former South Korean president Kim Dae-jung, shakes hands with new North Korean leader Kim Jong-un after she paid her respect to North Korea's late leader Kim Jong-il lying in state in Pyongyang in this still image taken from video broadcasted on Dec. 27, 2011. Lee Hee-ho whose husband drew up a now-abandoned policy of engagement with the North led a delegation across the border on Monday. The South Korean group laid wreaths at the mausoleum where Kim Jong-il's body is on display. North Korean media said the footage is said to have been shot on Dec. 26th and was released by state broadcaster KRT the next day.
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Firefighters are seen on the roof of a house where an early morning fire left five people dead Sunday, Dec. 25, 2011, in Stamford, Conn. Officials said the fire, which was reported shortly before 5 a.m., killed two adults and three children. Two others escaped. Their names have not been released. (AP Photo/Tina FIneberg)
Firefighters are seen on the roof of a house where an early morning fire left five people dead Sunday, Dec. 25, 2011, in Stamford, Conn. Officials said the fire, which was reported shortly before 5 a.m., killed two adults and three children. Two others escaped. Their names have not been released. (AP Photo/Tina FIneberg)
Firefighters spray water on the roof of a house where an early morning fire left five people dead Sunday, Dec. 25, 2011, in Stamford, Conn. Officials said the fire, which was reported shortly before 5 a.m., killed two adults and three children. Two others escaped. Their names have not been released. (AP Photo/Tina FIneberg)
FILE - In this Aug. 25, 1998 file photo, Madonna Badger, president and creative director of what was then called Badger Worldwide Advertising, now Badger and Winters Group, poses in her New York office. Badger is the owner of a tony Connecticut home that burned in a blaze that killed five people on Christmas morning Sunday, Dec. 25, 2011. (AP Photo/Jim Cooper, File)
The back of a house where an early morning fire left five people dead is seen Sunday, Dec. 25, 2011, in Stamford, Conn. Officials said the fire, which was reported shortly before 5 a.m., killed two adults and three children. Two others escaped. Their names have not been released. (AP Photo/Tina FIneberg)
A section of a house where an early morning fire left five people dead is seen Sunday, Dec. 25, 2011 in Stamford, Conn. Officials said the fire, which was reported shortly before 5 a.m., killed two adults and three children. Two others escaped. Their names have not been released. (AP Photo/Tina Fineberg)
STAMFORD, Conn. (AP) ? A fire tore through the home of an advertising executive in a tony neighborhood along the Connecticut shoreline Sunday, killing her three children and both of her parents on Christmas morning.
Madonna Badger and a male acquaintance were able to escape from the house as it was engulfed by flames, said Stamford Police Sgt. Paul Guzda. But Badger's three daughters ? a 10-year-old and 7-year-old twins ? perished in the fire, Guzda said.
He said Badger's parents, who were visiting for the holiday, also died.
Neighbors awoke to the sound of screaming shortly before 5 a.m. and rushed outside to help, but they could only watch in horror as flames devoured the grand home in the pre-dawn darkness and the shocked, injured survivors were led away from the house.
"It is a terrible, terrible day," Mayor Michael Pavia told reporters at the scene of the fire. "There probably has not been a worse Christmas day in the city of Stamford."
Badger, an ad executive in the fashion industry, is the founder of New York City-based Badger & Winters Group. A supervisor at Stamford Hospital said she was treated and discharged by Sunday evening.
Property records show she bought the five-bedroom, waterfront Victorian home for $1.7 million last year. The house is situated in Shippan Point, a wealthy neighborhood that juts into Long Island Sound.
The male acquaintance who also escaped the blaze was a contractor who was doing work on the home, Guzda said. He was also hospitalized but his condition was not released.
Police officers drove Badger's husband, Matthew Badger, from New York City to Stamford on Sunday morning. Badger's parents lived in Southbury, Conn., Guzda said.
Firefighters knew there were other people in the home but could not get to them because the flames were too large and the heat too intense, said Acting Fire Chief Antonio Conte, his voice cracking with emotion.
"It's never easy. That's for sure," he said. "I've been on this job 38 years ... not an easy day."
Conte said fire officials don't yet know the cause of the blaze and likely won't get clues for a few days until fire marshals can enter the structure.
By Sunday evening, the roof of the blackened house had largely collapsed.
A neighbor, Sam Cingari Jr., said he was awakened by the sound of screaming and saw that the house was engulfed by flames.
"We heard this screaming at 5 in the morning," he said. "The whole house was ablaze and I mean ablaze."
Cingari said he did not know his neighbors, who he said bought the house last year and were renovating it.
Charles Mangano, who lives nearby, said his wife woke him up and alerted him to the fire. He ran outside to see if he could help and saw a number of fire trucks in front of the house.
"I heard someone yell 'Help, help, help me!' and I started sprinting up my driveway," Mangano told The Advocate of Stamford.
He told the newspaper he saw a barefoot man wearing boxers and a woman being taken out of the house. The outdoor temperature at the time was below freezing, according to the National Weather Service.
The woman said, "My whole life is in there," Mangano said. "They were both obviously in a state of shock."
Stamford, a city of 117,000 residents, is about 25 miles northeast of New York City.
Badger was the creative mind behind major advertising campaigns for leading fashion brands, including the iconic Marky Mark underwear ads for Calvin Klein.
Raised in Kentucky, Badger began her career working as a graphic designer in the art department of Esquire magazine. Before starting her own company, she worked as an art director for several magazines and CRK, the in-house advertising agency for designer Calvin Klein.
Badger & Winters has worked with Proctor & Gamble, CoverGirl, A/X Armani Exchange, Emanuel Ungaro and Vera Wang, among other high-profile corporations. The company did not immediately respond to a request for comment Sunday.
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After years of struggling with your old, sluggish Windows PC, you've finally unwrapped a shiny new computer. Here's how to get started tweaking your settings, installing programs, and beefing up security to keep it running like a dream.
Title image remixed from an original by Air0ne (Shutterstock).
Before you do anything, there are a few things you'll want to set up first:
Now that you're computer's secure, speedy, and looking awesome, it's time to install some great software. Here are a few places you can find our favorite Windows programs.
While we've already done a handy list of the top 10 things to do with a new Windows 7 system, here are some of the other things you might want to check out to customize your new PC.
We hope these tips have helped you get your computer up, running, and customized just the way you like it. If you're already a Windows veteran and you've got some tips that we haven't mentioned, be sure to share them with us in the comments.
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PARIS/ANKARA (Reuters) ? France moved on Thursday to make it illegal to deny the 1915 mass killing of Armenians by Ottoman Turks amounted to genocide, prompting Ankara to cancel all economic, political and military meetings.
Lawmakers in France's National Assembly - the lower house of parliament - voted overwhelmingly in favour of a draft law outlawing genocide denial, which will be debated next year in the Senate.
Turkish Prime Minister Tayyip Erdogan described the bill put forward by members of French President Nicolas Sarkozy's ruling party as "politics based on racism, discrimination, xenophobia."
He said Sarkozy, was sacrificing good ties "for the sake of political calculations," suggesting the president was trying to win the votes of ethnic Armenians in France in an election next year.
Erdogan said Turkey was cancelling all economic, political and military meetings with its NATO partner and said it would cancel permission for French military planes to land, and warships to dock, in Turkey.
French Foreign Affairs Minister Alain Juppe, speaking to journalists after the vote, had urged Turkey not to overreact to the assembly decision and called for "good sense and moderation."
Juppe said Turkey had also recalled its ambassador from France, a decision he regretted.
"What I hope now is that our Turkish friends do not overreact about the French national Assembly decision. We have lots of things to work on together," Juppe said.
Armenia, backed by many historians and parliaments, says about 1.5 million Christian Armenians were killed in what is now eastern Turkey during World War One in a deliberate policy of genocide ordered by the Ottoman government.
Successive Turkish governments and the vast majority of Turks feel the charge of genocide is an insult to their nation. Ankara argues that there was heavy loss of life on both sides during fighting in the area.
"I don't understand why France wants to censor my freedom of expression," Yildiz Hamza, president of the Montargis association that represents 700 Turkish families in France, told Reuters outside the National Assembly.
Earlier, about 3,000 French nationals of Turkish origin demonstrated peacefully outside the parliament ahead of the vote, which came 32 years to the day since a Turkish diplomat was assassinated by Armenian militants in central Paris.
The authorities in Yerevan welcomed the vote. "By adopting this bill (France) reconfirmed that crimes against humanity do not have a period of prescription and their denial must be absolutely condemned," Armenia's Foreign Minister Edward Nalbandian saying in a statement.
France passed a law recognizing the killing of Armenians as genocide in 2001. The French lower house first passed a bill criminalizing the denial of an Armenian genocide in 2006, but it was rejected by the Senate in May this year.
The latest draft law was made more general to outlaw the denial of any genocide, partly in the hope of appeasing Turkey.
It could still face a long passage into law, though its backers want to see it completed before parliament is suspended at the end of February ahead of elections in the second quarter.
National Assembly speaker Bernard Accoyer said on Wednesday that he doubted the bill would pass by the end of the current parliament, as the government had not made the bill priority legislation.
TURKISH ANGER, FRENCH ELECTIONS
The French government has stressed that it did not initiate the bill, which mandates a 45,000-euro fine and a year in jail for offenders, and says Turkey cannot impose unilateral trade sanctions.
Faced with Sarkozy's open hostility to Turkey's stagnant bid to join the European Union, and buoyed by a fast-growing economy, Ankara has little to lose by picking a political fight with Paris.
With Turkey taking an increasingly influential role in the Arab world and Middle East, especially Syria, Iran and Libya, France could experience some diplomatic discomfort, and French firms could lose out on lucrative Turkish contracts.
France is Turkey's fifth biggest export market and the sixth biggest source of its imports. About 360 French companies operate in Turkey, employing more than 80,000 people, according to export consultancy UbiFrance.
"Turkey is a democracy and has joined the World Trade Organisation so it can't just discriminate for political reasons against countries," Europe Minister Jean Leonetti told France Inter radio. "I think these threats are just hot air and we (have) to begin a much more reasoned dialogue."
The French bill feeds a sense shared by many Turks that they are unwanted by Europe and it fires up nationalist fervor. However, in a more self-confident Turkey, popular reaction has been more muted than in the past.
France has been pushing Turkey to own up to its history, just as France belatedly recognized the role of its collaborationist Vichy government during World War II in deporting Jews to Nazi concentration camps.
(Additional reporting by Pauline Mevel and Emile Picy in Paris, Tulay Karadeniz in Ankara and Hasmik Mkrtchyan in Yerevan; Editing by Andrew Heavens)
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