Wintry storm brings new misery to Northeast

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Big stores opening even earlier on Thanksgiving

5 hrs.

Martha C. White , NBC News contributor

Skip the second helpings.

It used to be just called Thanksgiving. Now the day is increasingly called Black Friday Eve or Black Thursday, as retailers double down on early opening hours for the kickoff of the holiday shopping season.

This Thanksgiving, some retailers, including the world?s largest, are opening earlier than ever, before the dishes are even cleared from the table.

?This is actually something we?ve seen really take off with consumers in recent years,? said Kathy Grannis, spokeswoman at the National Retail Federation. Last year, 24 percent of shoppers said they were at a store at midnight on Black Friday. Just two years earlier, Grannis said, that number was only 9 percent.

Wal-Mart will start the first of three Black Friday sales at 8 p.m. on Thanksgiving evening, followed by 10 p.m. and 5 a.m. Last year, Wal-Mart opened at 10 p.m. Thanksgiving night."Our customers told us that they loved our Thanksgiving event earlier last year and asked for it again," said Wal-Mart spokeswoman Sarah Spencer. "Our highest customer traffic was during the 10 p.m. hour."

Sears is opening its stores at 8 p.m. on Thanksgiving, too. ?Last year, it opened at 4 a.m. on Black Friday. Like Wal-Mart, it is spacing out its sales: one at the opening, the second at 4 a.m. on Friday. Kmart stores will be open on Thanksgiving Day from 6 a.m. to 4 p.m., then will close and reopen from 8 p.m. to 3 a.m. They will reopen for a second time at 5 a.m. on Black Friday.

Macy?s, Best Buy and Kohl?s all will open at midnight this year.

Target, J.C. Penney and Toys ?R? Us haven?t announced when they will open their stores for Black Friday. Last year, Target was one of many retailers that opened at midnight. Penney opened its doors at 4 a.m., while Toys ?R? Us was an early adopter of the ultra-early trend, opening at 9 p.m. on Thanksgiving night.

Some fans posted complaints to Wal-Mart?s Facebook page in response to the news of the Thanksgiving night sales, but analysts say the payoff prompts companies to risk the backlash.

Marshal Cohen, chief retail analyst at NPD Group, said that last year, stores that extended their hours to open earlier saw an average 22 percent increase in sales. So, shoppers might complain about the sales encroaching on Thanksgiving dinner, but they?re still turning out to buy things anyway.

?It?s proved to be a very important strategy,? he said. ?Retailers are clearly willing to take on whatever wrath they may get by breaking tradition.?

?It helps them manage their traffic flow better,? said Barbara Wyckoff, an analyst with CLSA/Credit Agricole Securities (USA). By expanding the shopping window and staggering sales times, retailers like Wal-Mart are trying to avoid being overwhelmed with a wave of shoppers all at once, which contributes to a poor customer experience.

While it may give traditionalists heartburn, analysts say Black Friday Eve isn?t going away.?This will continue as far as they can push it,? Wyckoff said. ?I think it?s going to continue to be earlier and earlier.?

What people are actually buying on Black Friday is also good for retailers. ?What we learned last year is a lot of that early business is self-purchase and impulse buys,? Cohen said. ?It creates a whole new dynamic of retail opportunity.?

The one thing that could put a halt to stores? temporal arms race would be a resurgent economy.

?We didn?t see these types of promotions before 2008 and 2009,? Grannis said. ?If we?re no longer at a point where people are looking for extreme discounts... and they?re really back to just looking for great gift ideas, there could be a shift in how many people want to be out there at midnight.?

Source: http://www.nbcnews.com/business/thanksgiving-itll-be-dine-dash-stores-open-earlier-1C6929092

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COLUMN-Election gamble backfires for banks, energy firms: Kemp

LONDON, Nov 7 (Reuters) - "Elections have consequences, and

Eric, I won," President Barack Obama famously told House

Republican Whip Eric Cantor shortly after his first inauguration

in January 2009.

Four years later, Wall Street as well as the oil and gas

industry will return to work today knowing that they heavily

backed the losing side and now have very little political

capital with the re-elected Obama administration and the

Democratic majority in the U.S. Senate.

Some urgent bridge-building will be required in the coming

days if they are to influence financial regulation and energy

policy over the next four years.

VOTES HAVE CONSEQUENCES

President Barak Obama's re-election ensures the Democrats

will retain their 3-2 majorities on the Securities and Exchange

Commission (SEC) and the Commodity Futures Trading Commission

(CFTC), the agencies charged with implementing the controversial

derivatives portions of the 2010 Wall Street Reform and Consumer

Protection Act.

Senate Democrats and the president will block any attempt to

re-write the Dodd-Frank Act, and the continuing Democratic

majority in the Senate will leave the president with a

relatively free hand to nominate regulators committed to a

fairly aggressive interpretation of the landmark financial law.

On energy and the environment, the Department of Energy and

the Environmental Protection Agency (EPA) will remain in the

hands of conservation-minded policymakers, who want to tilt the

energy market in favour of clean technologies, back strict

controls on greenhouse emissions and vehicle efficiency and are

somewhat sceptical about drilling for oil and gas.

BACKING THE LOSING SIDE

In the past 18 months, the financial services and fossil

energy industries moved into outright opposition to the Obama

administration and the Democratic Party, making little secret of

their desire to see a Republican takeover in Washington.

Employees of banks such as Goldman Sachs and JPMorgan

Chase and Co, as well as many brokerages and derivatives

dealers poured millions of dollars into political action

committees that supported Romney for president and backed other

Republicans in a bid to seize control of the Senate.

The American Petroleum Institute (API), which lobbies on

behalf of the oil and gas industry, created and funded

Vote4Energy to campaign for oil- and gas-friendly policies in

battleground states. The organisation was nominally independent,

but its positions and advocacy closely mirrored the views of the

Romney campaign.

In return, Romney's campaign promised to repeal the hated

Dodd-Frank law and ease restrictions on the development of

fossil energy.

MORE GUERRILLA WARFARE?

Wall Street and the fossil energy industry now must decide

how to cope with the new reality that the White House and the

executive branch will remain under Democratic control for the

next four years, while Democrats will control the Senate until

the start of 2015.

One option is to maintain a strong oppositional stance. The

U.S. House of Representatives remains in the hands of a solid

Republican majority and can be counted on to block any attempts

to pass fresh legislation on energy or financial services that

the industries do not like.

The U.S. District Court and Court of Appeals for the

District of Columbia, which review most financial and

environmental regulations, remain in the hands of conservative

judges, most appointed by Republican presidents, and will

continue to review regulations critically.

Lobbying groups such as the Securities Industries and

Financial Markets Association (SIFMA), the International Swaps

and Derivatives Association (ISDA), the API and the U.S.

Chambers of Commerce have mounted a series of legal challenges

to regulations implementing Dodd-Frank and in some cases have

won the first round.

It is part of a broader coordinated effort to roll back

financial, energy and environmental regulations by citing

cost-benefit concerns.

The two industries could continue to mount a guerrilla

campaign against the new regulations in the courts and the

House, harrying regulators with legal challenges, cuts to agency

budgets and congressional hearings.

But most of the legal victories that the industries have won

so far have been on peripheral issues, such as lack of adequate

cost-benefit analysis. They have been unable to prevail on the

substance of the new laws and regulations. And regulators now

have four more years to redraft any regulations that the courts

find deficient.

BURYING THE HATCHET?

In 2012, business lobby groups and the Republican Party made

some headway among voters with their argument that the Obama

administration was over-regulating the economy and harming the

recovery, but it was not enough. By 2016, Dodd-Frank and the

administration's energy policies will be well entrenched and the

argument may not have so much resonance with the electorate.

So industry leaders will come under intense pressure in the

weeks and months ahead to bury the hatchet and take a more

conciliatory approach to the administration and Senate

Democrats.

Banks and energy companies have spent record amounts on

lobbying in Washington in the past four years. Goldman Sachs,

for example, spent almost $3.3 million lobbying senators and

representatives in the 12 months to September, according to

filings with the congressional lobbying database, on issues

connected with derivatives reform and tax policy.

But however much money they pour into lobbying efforts, the

perception that energy companies, banks and brokerages, as well

as most of their employees, are solidly behind the Republican

Party will limit their future influence on a range of issues

that are vital for both industries.

Pressure to rebuild a constructive relationship with the

White House and at least part of the Senate Democratic Caucus

will therefore be intense.

In fact there are a variety of issues on which the two sides

could reset the relationship. Fiscal reform is one area in which

there could be scope for compromise. Business and financial

leaders have been signalling for weeks that they are ready to

support moderate tax increases as part of an overall tax and

spending package to avert the fiscal cliff.

The Keystone XL pipeline is another early decision where the

president could reach out to the industry and appear to back the

development of fossil fuel resources, albeit with strict safety

and environmental safeguards.

But it will take a spirit of compromise on both sides. After

a resounding defeat, the energy and financial services

industries would be wise to repair relationships.

Source: http://news.yahoo.com/column-election-gamble-backfires-banks-energy-firms-kemp-104406744--sector.html

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Britain floats safe exit for Syria's Assad

JEDDAH/AMMAN (Reuters) - Britain floated the notion on Tuesday of Syria's President Bashar al-Assad leaving power with immunity from prosecution while the opposition said at least 100 more people were killed in the country's 19-month revolt.

"Anything, anything, to get that man out of the country and to have a safe transition in Syria," British Prime Minister David Cameron told Al Arabiya news network in Abu Dhabi before flying to Saudi Arabia.

Peace envoy Lakhdar Brahimi warned that Syria, where some 32,000 people have died in the revolt against Assad, could end up a collapsed state like Somalia, prey to warlords and militias.

More than 100 people were killed across the country on Tuesday, the Syrian Observatory for Human Rights said.

Among them was the brother of Syria's parliament speaker, assassinated by gunmen in Damascus, state television said. He was the latest victim in a deadly campaign against perceived Assad supporters and their families.

Air strikes killed 17 people, including women and children, in the Damascus suburb of Kfar Batna, according to the Syrian Observatory, an opposition watchdog based in Britain.

Video footage of the raid's aftermath, which could not be verified, showed a toddler with a severed head and the torso of a young man, his head and limbs gathered near him by rescuers.

Insurgents killed 12 soldiers and wounded 20 in an attack on a convoy of off-road vehicles in the northern province of Idlib.

Air strikes and artillery barrages unleashed by the Syrian military in the last few weeks have devastated whole districts of the capital, as well as parts of towns and cities elsewhere.

Yet, for all their firepower, Assad's forces seem no closer to crushing their lightly armed opponents, who in turn have so far proved unable to topple the Syrian leader.

EXIT PLAN

"Of course I would favor him facing the full force of international law and justice for what he's done," Cameron said of Assad. "I am certainly not offering him an exit plan to Britain but if he wants to leave he could leave, that could be arranged."

It was unclear if Cameron had spoken to other U.N. Security Council members about the idea - which could involve offering Assad immunity from prosecution if he accepted asylum in a third country. Nor was it clear what nation would take him.

The U.N. human rights office has said Syrian officials suspected of committing or ordering crimes against humanity should face prosecution at the International Criminal Court.

U.N. investigators have been gathering evidence of atrocities committed by rebels as well as by Assad loyalists.

Brahimi, the U.N.-Arab League envoy to Syria, told the London-based al-Hayat newspaper he did not expect ethnic or sectarian partition there. "What I am afraid of is worse ... the collapse of the state and that Syria turns into a new Somalia."

At the United Nations, diplomats cited a senior U.N. official as telling the Security Council that Brahimi had urged Russia to be "more pro-active" in resolving the Syrian crisis.

In a closed-door session of the 15-nation council, U.N. political affairs chief Jeffrey Feltman also said he had received credible reports of the use of cluster bombs by Syrian government forces, the envoys reported.

Big powers and regional nations are split over Syria. Russia and China have blocked three Western-backed U.N. Security Council draft resolutions aimed at exerting pressure on Assad.

Brahimi, speaking in Cairo on Sunday, called on the council to adopt a resolution based on an understanding brokered by his predecessor Kofi Annan in Geneva in June which called for the establishment of a transitional government in Syria.

The Geneva Declaration did not specify what role, if any, Assad would play in a future Syria.

OPPOSITION DISUNITY

Russian Foreign Minister Sergei Lavrov urged the Syrian opposition to enter talks with the authorities to end the crisis and abandon a precondition that Assad step down.

"The most important thing is stopping the violence immediately. If it is more important to the other side to change the Assad regime, then they want to continue the bloodbath in Syria," Lavrov said in Amman after meeting former Syrian Prime Minister Riad Hijab, who defected to Jordan in August.

Hijab said Assad's removal was "the only way out".

Assad's foes have also failed to unite, making it harder for the outside world to support or arm them.

Opposition factions were meeting in Qatar in an effort to forge a common front between civilians and rebels, Islamists and secularists, as well as groups outside and inside Syria.

Prominent dissident Riad Seif has proposed a new 50-member unity council, but the head of the widely criticized Syrian National Council (SNC), which is based abroad, said it should retain a "central role" in any opposition configuration.

A Doha-based diplomat said SNC members feared their group risked losing influence in the new civilian body, which would later choose an interim government and coordinate with armed rebel groups. Seif's initiative is to be debated on Thursday.

Syria has accused Qatar, Saudi Arabia and Turkey, among others, of fuelling the bloodshed by backing the rebels.

The Syrian struggle has taken on a sectarian tone, with mostly Sunni rebels battling loyalist forces dominated by Assad's minority Alawite sect, an offshoot of Shi'ite Islam.

Saudi Arabia and other Sunni Gulf Arab states are wary of powerful Shi'ite neighbor Iran, one of Assad's few allies.

Syria's neighbors all fear spillover from the conflict in the shape of refugee inflows, cross-border violence or a wider upheaval igniting Sunni-Shi'ite tensions across the region.

In Turkey, fiercely critical of Assad, the state-run news agency reported the arrival overnight of seven Syrian army generals who had defected and crossed the border.

Scores of Syrian officers have defected to Turkey since the uprising began. About 112,000 Syrian refugees are housed in camps along Turkey's 900-km (560-mile) border with Syria.

(Additional reporting by Khaled Yacoub Oweis in Amman, Oliver Holmes in Beirut, Rania el-Gamal and Regan Doherty in Qatar and Louis Charbonneau in New York; Writing by Alistair Lyon; Editing by Michael Roddy)

Source: http://news.yahoo.com/suicide-bomber-kills-50-syrian-security-men-opposition-001249833.html

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A LinkedIn For Gamers? Duxter Tries To Build A Broad Gaming Social Network, Opens Public Beta

In the same way that LinkedIn has become the home of your professional identity, and Facebook the home of your social identity, founder and CEO Adam Lieb wants to turn his startup Duxter into the center of your gaming identity. There are plenty of other gaming social networks, but Lieb argued that they're too focused on specific aspects of the gaming experience. Raptr, for example, is mostly where you go to share your gameplay stats and achievements. Duxter should include that kind of tracking, he said, but instead of going deep on any one feature, it should support a broad range of social interactions. Ultimately, Lieb is aiming to create the platform for all of your gaming-related social activity related ? that's where the Facebook and LinkedIn comparisons come in.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/xaD3CVdkTIw/

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Gay marriage, marijuana highlight ballot measures

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Antares Energy increases Texas oil and gas acreage

Monday, November 05, 2012 by Bevis Yeo

(ASX: AZZ) has increased its acreage in the Big Star project area in Texas after acquiring Big Star Oil & Gas Company?s interests there.

The company now holds 18,786 gross acres (15,215 net acres) in the Lower Mississippian Lime Horizontal Fairway where horizontal wells drilled by SM Energy Company (NYSE:SM) have reported initial production rates of between 571 barrels and 656 barrels of oil equivalent.

These wells cost about US$6.5 million to drill and complete with SM, which has a 68,000 acre position in Lynn, Garza and Borden Counties northeast of the Big Star project, planning to run 2 drilling rigs in the play fairway through the end of the year.

Antares believes the Big Star project is also suitable for horizontal development in the Lower Mississippian due to the contiguous footprint, existing 3D seismic over 80% of the leases, the presence of the commercial, conventional Lower Mississippian Deroen Field directly offsetting the position, and demonstrated reservoir potential from wireline logs and isolated fracs.

The Deroen Field has produced more than 2.4 million barrels of oil from Lower Mississippian porous and fractured, cherty limestone, that is the expected reservoir character in the Big Star project area.

The reservoir was subsequently enhanced by uplift and erosion in Upper Mississippian time. This is evidenced by ?paleothins? which are a result of this uplift.

The best fracture stimulation breakdowns and flowback results are coincident with these features in the vertical ?Missberry? stimulations to date.

Wireline resistivity and porosity character in the Big Star wells have been tied back to the heart of the SM Energy horizontal activity and the two areas appear identical in regards to neutron/density porosity crossover indicative of gas and porosity development in the Lower Mississippian.

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Source: http://www.proactiveinvestors.com.au/companies/news/35429/antares-energy-increases-texas-oil-and-gas-acreage-35429.html

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