Stocks up after GMAC lifeline, retail sales dip

NEW YORK — Wall Street put together a moderate advance in light post-holiday trading Friday after the finance arm of General Motors got a government lifeline, but dreary holiday spending readings dimmed the chance of a big year-end rally. The major indexes finished the week with losses.

Not surprisingly, Americans spent much less on gifts this season than they did last year, according to SpendingPulse, a division of MasterCard Advisors. Retail sales dropped between 5.5 percent and 8 percent compared with last year, the data showed, or between 2 percent and 4 percent after stripping out auto and gas sales.

Personal consumption is a huge part of US economic activity — comprising more than two-thirds of gross domestic product — so Wall Street is nervous that a more frugal consumer could keep the economy weak in 2009.

Investors did get a some good news on Christmas Eve, when the Federal Reserve allowed GMAC Financial Services — the finance arm of struggling Detroit automaker General Motors Corp. — to become a bank holding company and thus qualify for the government's $700 billion rescue fund. Analysts had said that without financial help, GMAC might have had to file for bankruptcy protection or shut down.

There was little conviction behind the advance, which the market managed after stocks meandered for much of the session. With just three full trading days left in the year, no news has been upbeat enough to spark a big year-end rally, a consequence of the great uncertainty still in the market. December is usually a strong month for stocks, and a flurry of trading known as a "Santa Claus rally" is often seen in the final week.

"I think we could have a year-end rally, but it's got a formidable headwind in the form of tax-selling, in my view," said Hugh Johnson, chairman and chief investment officer of Johnson Illington Advisors.

Tax-loss selling is when investors sell their poorly-performing stocks to realize a loss for the year, which can reduce their taxes in upcoming years.

The Dow Jones industrial average rose 47.07, or 0.56 percent, to 8,515.55 after Thursday's market holiday.

Broader stock indicators also rose. The Standard & Poor's 500 index rose 4.65, or 0.54 percent, to 872.80, and the Nasdaq composite index rose 5.34, or 0.35 percent, to 1,530.24. The Russell 2000 index of smaller companies rose 6.28, or 1.33 percent, to 476.77.

For the week, the Dow ended down 0.74 percent, the S&P 500 fell 1.7 percent and the Nasdaq lost 2.1 percent.

As the year winds down, investors are flummoxed over what 2009 might bring. Some market analysts are predicting a stock market recovery, and others are predicting more volatility; but nearly all are doing so with the caveat that anything is possible.

"It's hard to imagine another year that is going to be as dismal or dark or bad as 2008," Johnson said. "It's even hard to imagine that we have another down year in 2009 — the odds are the stock market will be higher at the end of 2009. Common sense tells you that."

The Dow is down 35.8 percent for the year.

But, Johnson added, it's impossible to forecast the end of a bear market, and "confidence can turn on a dime."

On Friday, the dollar was down against other major currencies, while gold prices rose.

Demand for government bonds increased. The three-month Treasury bill's yield fell to 0.01 percent from 0.02 percent late Wednesday, and the 10-year Treasury note's yield fell to 2.14 percent from 2.19 percent.

Light, sweet crude rose $2.36 to $37.71 a barrel on the New York Mercantile Exchange. Crude prices had tumbled Wednesday for the ninth straight day — dipping as low as $35.13 — after gloomy economic reports and growing stockpiles of unused gasoline suggesting eroded demand.

GMAC notes shot higher on the news of the company's transformation into a bank. GMAC's 7.25 percent note due to mature in 2033 rose 88.5 percent to $9.67 from $5.13 on Wednesday. But analysts were wary of the big price move, noting that volume was thin, and saying there is still much to be resolved about the company's finances. - AP

Across Mideast, thousands protest Israeli assault

BEIRUT, Lebanon – Crowds of thousands swept into the streets of cities around the Middle East on Sunday to denounce Israel's air assault on Hamas targets in the Gaza Strip.

From Lebanon to Iran, Israel's adversaries used the weekend assault to marshal crowds into the streets for noisy demonstrations. And among regional allies there was also discontent: The prime minister of Turkey, one of the few Muslim countries to have relations with Israel, called the air assault a "crime against humanity."

Several of Sunday's protests turned violent. A crowd of anti-Israel protesters in the northern Iraqi city of Mosul became a target for a suicide bomber on a bicycle.

In Lebanon, police fired tear gas to stop dozens of demonstrators from reaching the Egyptian Embassy. Some in the crowd hurled stones at the embassy compound. It was unclear if anyone was hurt.

Egypt, which has served as a mediator between Israel and the Palestinians as well as between Hamas and its rival Fatah, has been criticized for joining Israel in closing its borders with Gaza. Egyptian Foreign Minister Ahmed Aboul Gheit called on Hamas to renew its truce with Israel: "There has been a calm and we should work to restore it."

France also called for the truce to be renewed and rallied European nations to use "all their weight" to stop the fighting between Israel and Hamas.

"We have entered a new spiral of despair," French Foreign Minister Bernard Kouchner told the Journal du Dimanche in an interview published Sunday. "The truce must be restored."

Kouchner noted that the attacks come "in a context of vacancy of power in Israel and the U.S." as both countries are undergoing leadership transitions.

"Europe has a role to play," Kouchner said.

In Beirut, Hamas representative Osama Hamdan told the crowd that the militant group had no choice but to fight. Gaza militants have been lobbing dozens of rockets and mortars into southern Israel since a six-month truce expired over a week ago, prompting Israel's fierce retaliation.

"We have one alternative which is to be steadfast and resist and then we will be victorious," Hamdan said.

In the capital of neighboring Syria, more than 5,000 people marched toward the central Youssef al-Azmeh square, where they burned an Israeli and an American flag.

One demonstrator carried a banner reading, "The aggression against Gaza is an aggression against the whole Arab nation."

"Down with America, the mother of terrorism," read another.

In Amman, Jordan, about 5,000 lawyers marched toward parliament to demand the Israeli ambassador's expulsion and the closure of the embassy. "No for peace, yes to the rifle," they chanted.

In Jordan's squalid Baqaa camp for Palestinian refugees and their descendants, protester Yassin Abu Taha, 32, blamed America and Israel for the Middle East's problems.

"The Israelis kill our people in Gaza and the West Bank. The Americans kill our people in Iraq. We're refugees, kicked out of our home in Tulkarem in 1967 and we're still displaced," he said, bemoaning his family's flight in the 1967 Mideast war.

The U.S. Embassy in Jordan warned Americans to avoid areas of demonstrations.

Thousands of Egyptians — many of them students — demonstrated at campuses in Cairo, Alexandria and elsewhere and accused President Hosni Mubarak and other Arab leaders of not doing enough to support the Palestinians.

Iran's president, Mahmoud Ahmadinejad, who has said Israel should be "wiped off the map," denounced the Israeli strikes.

And in the normally politically placid streets of glitzy Dubai, hundreds of demonstrators — some draped in Palestinian flags — gathered at the Palestinian consulate.

"This is a time for the Palestinians and Arabs to unite to fight against a common enemy," said Majdei Mansour, a 30-year-old Palestinian resident of Dubai. Mansour said he has been unable to contact his family in Gaza since the latest fighting.

In Iraq, where the government has also condemned the Gaza airstrikes, a suicide bomber on a bicycle blew himself up amid a crowd of about 1,300 demonstrators in Mosul who were protesting against Israel, killing one demonstrator and wounding 16, Iraqi police said.

There was no claim of responsibility for the attack on the demonstration, which was organized by a Sunni party in sympathy for Palestinians in Gaza, who are largely fellow Sunnis.

___

Associated Press writers Albert Aji in Damascus, Syria; Nasser Karimi in Tehran, Iran; Jamal Halaby in Amman, Jordan, and Hamid Ahmed in Baghdad contributed to this report.

sources

UN says nearly 1 billion hungry

ROME — High food prices have pushed the number of hungry people in the world close to 1 billion, a United Nations agency said Tuesday.

The Rome-based Food and Agriculture Organization said in a report that 40 million people have fallen into hunger this year, bringing the number of needy to 963 million.

"For millions of people in developing countries, eating the minimum amount of food every day to live an active and healthy life is a distant dream," said Hafez Ghanem, the organization's assistant director general.

Even though prices of major cereals fell by over 50 percent from their peaks earlier this year, they remain high compared to previous years, the agency said.

Among the poor, the agency said, landless and female-headed households are most vulnerable to sharp rises in food prices.

According to the report, nearly two-thirds of the world's hungry live in Asia, while in sub-Saharan Africa one person in three is chronically hungry.

The agency warned that reduced demand in industrialized countries due to the global financial crisis could threaten exporters in developing countries.

Investments and other capital flows, including development aid, are also at risk, the agency said. - AP

SWS: More Pinoy families go hungry

MANILA, Philippines – Hunger has reached a new peak nationwide, a new Social Weather Stations (SWS) survey showed, with the national percentage of families having experienced nothing to eat rising to nearly a quarter of all households.

At 23.7 percent — equivalent to 4.3 million families — this month’s finding surpassed the previous record of 21.5 percent — recorded in September 2007 — and was 11 points higher than the 10-year average of 12.6 percent, survey results made exclusive to BusinessWorld showed.

The December 2008 score is also five points higher than the 18.4 percent posted last September.

It put this year’s hunger average at 18.5 percent, up from last year’s 17.9 percent. The independent survey research institute noted that hunger has been in double-digit territory since June 2004.

A National Anti-Poverty Commission (NAPC) official, however, expressed doubts over the findings, pointing to government efforts to eradicate hunger and provide employment to the poor.

An economist, meanwhile, said the higher hunger was an effect of the global economic downturn and warned that next year’s results could be worse due to a slowdown in consumption and job losses among Filipino migrant workers.

The latest SWS survey was fielded over November 28-December 1, 2008 and covered 1,500 respondents nationwide.

In face-to-face interviews, household heads were asked: "Nitong naka-raang tatlong buwan, nangyari po ba kahit minsan na ang inyong pamilya ay nakaranas ng gutom at wala kayong makain? Kung Oo: Nangyari po ba ’yan ng minsan lamang, mga ilang beses, madalas, o palagi? (In the past three months, was there an instance when your family experienced hunger or had nothing to eat? If yes, did it happen only once, a few times, often, or always?).

Respondents were divided into random samples of 300 each in Metro Manila, Visayas, and Mindanao, and 600 in the rest of Luzon. Sampling error margins of ±2.5 percent for national percentages, ±6 percent for Metro Manila, Visayas and Mindanao, and ±4 percent for the rest of Luzon were used.

The SWS said the five-point increase in total hunger between September and December could be attributed to a three-point rise in moderate hunger and the two-point increase in severe hunger.

Moderate hunger, pertaining to those who experienced it "only once" or "a few times" in the last three months, hit a record high of 18.5 percent (around 3.3 million families) in December from 15.2 percent (around 2.7 million families) in September. The December figure is nine points higher than the ten-year average moderate hunger rate of 9.2 percent. Counted in this category were those who did not state their frequency of hunger.

Severe hunger — meaning it was experienced "often" or "always" in the last three months, rose by three points to 5.2 percent (about 940,000 families) in December from 3.2 percent (about 580,000 families) in September. The latest figure is higher by two points than the ten-year average severe hunger rate of 3.3 percent.

The percentage of families who experienced hunger reached record highs in Mindanao and in Metro Manila. Overall hunger was the highest in Mindanao at 33.7 percent (around 1.4 million families) from 18.3 percent. It was at 23.3 percent (around 570,000 families) in Metro Manila, barely moving from 23 percent last September but nevertheless still a new peak for the area. It was up nine points in the Visayas to 20.7 percent (around 750,000 families) from 11.7 percent and remained at 20 percent (1.6 million families) in the rest of Luzon.

Moderate hunger hit record highs in Mindanao (27.7 percent from 16 percent) and in the Visayas (18 percent from 11.3 percent). It went up in Metro Manila (18.3 percent from 15 percent) but declined in the rest of Luzon (14 percent from 16.5 percent).

"In all areas, the latest moderate hunger rates remain higher than their ten-year averages," the SWS said.

Severe hunger went down in Metro Manila (5 percent in December from 8 percent in September) but rose in Mindanao (6 percent from 2.3 percent), the Visayas (2.7 percent from 0.3 percent) and in the rest of Luzon (6 percent from 3.5 percent).

"The latest severe hunger figures remain higher than their ten-year averages in all areas except Visayas, where its latest score of 2.7 percent was slightly lower than its ten-year average of 3.1 percent," the SWS said.

Asked to comment, NAPC lead convenor Domingo F. Panganiban expressed reservations over the results, claiming that the government had already implemented programs to help the poor and address the problem of hunger.

"I cannot say that the results are reliable. Last month we went to the poorest provinces and the people there were thanking the government for its initiatives like the P500 electricity subsidy and the conditional cash transfer. Aside from that, the price of rice has fallen because of the access cards issued by the government," he told BusinessWorld in a telephone interview.

The P500 power subsidy, which was designed to help poor households pay their electric bills, was funded by excess revenues from the value added tax on oil. The conditional cash transfer program, meanwhile, provides cash allowances to parents who send their children to school.

Mr. Panganiban said the government would continue to work to ensure that the poor were protected from the impact of the global economic crisis.

"The President has directed the Cabinet to oversee and implement employment programs in the regions. We expect to generate more than 1.2 million jobs in 2009. Our programs like the food for school will continue and in fact, the government has increased the budget for these programs," he said.

But Leonor M. Briones, a former National Treasurer who now teaches at the University of the Philippines, said the higher hunger incidence was proof that the economy was slowing down due to the global downturn.

"It is a sign of the slowing down of our economy. We have seen job losses, the retrenchment of overseas Filipino workers and higher prices of goods. The year 2009 may even be worse. We will also see lower consumption," she said.

"The government is not recognizing these economic difficulties. The 7 percent economic growth last year is consumption-based and is not sustainable. But consumption will weaken. The government is making it worse by committing corruption," she said.

Ms. Briones said the government should come up with reforms to address corruption and to ensure that state resources are channelled to the needy. - Alexis Douglas B. Romero, BusinessWorld

SKorean lawmakers brawl over US free trade pact

SEOUL, South Korea – Brawling South Korean lawmakers tried to sledgehammer their way into a parliamentary meeting room barricaded by the ruling party as the country's National Assembly descended into chaos Thursday over passage of a free trade agreement with the United States.

Opposition parties were incensed by the ruling Grand National Party's move to submit the agreement to a parliamentary committee on trade, setting in motion the process for the accord to win approval in the legislature.

Security guards and aides from the ruling party stood guard outside the room to keep opposition lawmakers away after the committee's GNP-affiliated chairman invoked his right to use force to "keep order" in parliamentary proceedings.

Scuffles broke out as dozens of opposition members and their aides attempted to push their way into the office. TV footage showed people from both sides shoving, pushing and shouting in a crowded hall at the National Assembly building amid a barrage of flashing cameras.

Opponents later used a sledgehammer and other construction tools to tear open the room's wooden doors, only to find barricades of furniture set up inside as a second line of defense.

News cable channel YTN reported that an electric saw was used to open the door. YTN footage showed security guards spraying fire extinguishers at those trying to force their way inside.

The opposition attempt failed, and 10 GNP legislators introduced the bill to the committee.

South Korea and the United States signed the accord that calls for slashing tariffs and other barriers to trade in April last year after 10 months of tough negotiations, though neither side's legislature has yet ratified it.

The pact is the largest for the U.S. since the North American Free Trade Agreement with Canada and Mexico and the biggest ever for South Korea. NAFTA, signed in 1993, took effect the following year.

Proponents in both countries say it would not only expand trade but further cement ties between Washington and Seoul — key security allies who have cooperated on issues such as North Korea for decades.

Opponents counter that it will cause pain to key sectors in both nations — agriculture in South Korea and automobiles in the United States.

GNP legislators had locked themselves in the committee room earlier in the day to head off any opposition attempts to occupy the chamber — the only place where the bill can be introduced.

After a subcommittee review, the bill would be put to a vote at the committee before reaching the full parliamentary session for a final vote.

The GNP has a majority in both the committee and in the entire parliament, with 172 seats in the 298-member unicameral National Assembly. But the process is expected to be tough going because opposition parties say they will do whatever possible to stop it.

The main opposition Democratic Party says the trade deal should not be approved until the government comes up with better measures to protect farmers and others expected to suffer from increased U.S. imports.

The minor opposition Democratic Labor Party joined forces with the Democrats in Thursday's attempt to block the bill.

The ruling GNP says the trade pact should be approved as early as possible because South Korea — a major exporting nation — stands to gain much from the deal.

Amid concern the administration of President-elect Barack Obama might ask to renegotiate the agreement, supporters of the pact believe early ratification by Seoul could also put pressure on the U.S. Congress to do the same. - AP

Indian PM wants normalized relations with Pakistan

KHUNDRU, India – India's prime minister says he wants "normalized" relations with Pakistan amid rising tensions between the South Asian rivals over the Mumbai attacks.

Talking at an election rally in Indian Kashmir on Sunday, Prime Minister Manmohan Singh India says he hopes relations between the neighbors can be "normalized," but that this "cannot happen as long as our neighboring country allows its soil to be used against us."

Singh traveled to Kashmir after a breakfast meeting with British Prime Minister Gordon Brown in New Delhi. The two leaders discussed the recent attacks on Mumbai, which have been blamed on a Pakistani-based Kashmiri militant group, Lashkar-e-Taiba. - AP

3 dead as blasts rock Iligan City a day before Arroyo visit

ZAMBOANGA CITY, Philippines - Three people were killed and 47 others were wounded Thursday afternoon in two separate explosions that rocked two major shopping centers in Iligan City.

The explosions occurred a day before President Arroyo’s scheduled visit to Iligan City to attend the inauguration of Suka Pinakurat Processing Plant belonging to Green Gold Gourmet food products in Pugaan village.

This was the second time this month that attackers targeted an area that the President was scheduled to visit. Last December 12, Arroyo canceled a trip to Shariff Kabunsuan in Maguindanao after an improvised explosive device went off near a public market on the day before her scheduled visit.

Arroyo has condemned Thursday's twin bombings and ordered law enforcers to conduct "relentless" operations against the perpetrators, a Malacañang spokesman said Thursday.

“The President condemns the ruthless and violent acts of terrorism against our communities. The Philippine National Police and the Armed Fores will be relentless in their pursuit against the perpetrators," said presidential deputy spokesperson Anthony Golez.

"The government will not stop hunting these terrorists until they are put behind bars and we urge our people to coordinate with our law enforcers as to any information that might lead to the arrest of those responsible," Golez added.

Iligan City is Arroyo's maternal hometown.

Fatalities

The military said at least six people were hurt, but the local Red Cross said as many as 38 people were injured in the blasts that sent Christmas shoppers out in the streets.

An L-300 van was also destroyed in the attack, reports said.

Army Lt. Steffani Cacho, spokesperson of the military's Western Mindanao Command, said the first bomb exploded at 1:25 p.m. inside the Unicity Commercial Center. The next explosion occurred 20 minutes later at the Jerry Supermart.

"The improvised explosives were left at the baggage counters of both Unicity and Jerry's Supermart," Cacho told reporters.

Police Officer 3 Abdullah Sumayan of the Iligan City police identified the fatalities as Erwin Suico, 20, from Pugaan village; Jonas Badelles, 22, from Poblacion village; and Jalilah Mangondato, a 22-year-old nursing student from Marawi City.

In a phone interview with GMANews.TV, Sumayan said Mangondato has already been claimed by her family, while Badelles and Suico are still at the Cosmopolitan Funeral Homes.

The Philippine National Red Cross (PNRC) office in Manila said 21 people were hurt. It said seven victims were rushed by PNRC-Iligan Chapter volunteers to Dr Uy Hospital while five others at the Sanitarium Hospital and another one at the E & R Hospital.

Col. Benito de Leon, commander of the 104th Infantry Brigade, has sent bomb-sniffing dogs and explosives experts to help police in the investigations.

"We have sent K9 units and bomb experts in the area to help in the investigations," he said.

Malacañang has expressed condolences to the families of those who were killed in the blast.

"We condole with the families of those killed in this tragedy and the different government agencies will support those who have survived," Golez said.

Suspects

No group or individuals have claimed responsibility for the bombings, but previous attacks in the city had been blamed on Moro rebels and local militants trained by Jemaah Islamiyah.

A military official in the region said that the attacks might have been the handiwork of lawless elements of the Moro Islamic Liberation Front (MILF), noting that the components used in the explosives included mortar rounds – a known signature of the MILF.

“Our suspect here are the lawless MILF group because of the type of the (improvised explosive device) that were used. That IED manifest their signature, using mortar rounds. That is our initial findings," said Col. Nicanor Dolojan, commander of the Army’s 403rd Brigade.

Last month, at least three people were also wounded in the bombings of two budget hotels - the Traveler's Inn and the Caprice Lodge – in Iligan City.

Asked on the possible motive behind Thursday's attacks, Dolojan said: “Terrorism, which is their real intention, to sow terror in the area."

Dolojan said a close-circuit TV installed at the Unicity Mall was able to record two men, both wearing scarf, depositing a item at the mall’s baggage counter. The official said pictures of the suspects have been culled from the video.

Dolojan said the video showed one of the men going out of the mall, apparently to deposit another item at the Jerry’s bargain center. “After depositing the items, after how many minutes, the bombs went off," he said. - GMANews.TV

Bollywood planning movies about Mumbai attacks

MUMBAI, India — Filmmakers in this hub of Indian cinema are already exploring how to bring the trauma of the deadly Mumbai attacks and the three-day siege that followed to the big screen, an industry official said Thursday.

At least 25 titles — including Taj to Oberoi and Mission Taj — have been registered with the Indian Motion Picture Producers' Association since the attacks that killed 164 people last month, Anil Nagrath, secretary of the Bollywood trade association, told The Associated Press.

Many of the registered titles center around the luxury Oberoi hotel and the Taj Mahal, whose burning dome became of the symbol of the attacks — including Taj 26, Taj to Oberoi, The Taj Encounter, 11/26 Operation Taj, Mission Taj, and Mission Oberoi.

One proposed project is called Nariman House after the Jewish center where the attackers killed a rabbi and his wife, he said by telephone.

The Taj, the Oberoi, Nariman House and Mumbai's main train station were among 10 sites in the commercial capital targeted by 10 suspected Islamic terrorists.

Nagrath denied that Bollywood, as India's Hindi-language film industry is known, is capitalizing on a national tragedy.

"Whenever there is a big happening like this, be it a cyclone, be it a hurricane, be it a bomb attack, or a carnage like this, the journalists write articles, television stations make special programs, authors write books," he said. "In the same way, for the filmmaker, the only option is to make a script, and the process of making a script begins with a title."

All the projects are still in early stages and are unlikely to be made soon because "the wounds are very raw," he said.

Veteran director B. Subhash, who registered the titles Taj Terror and Bird's Point of View Taj Terror, said he is working on his script and hasn't cast any actors or set a budget.

"I can only say it is going to be very emotional," Subhash told the AP by telephone.

Bollywood stars have responded cautiously to the Mumbai attacks, even though filmmakers were eager to draw audiences back to the theaters at a time when the industry was already hit by global economic woes.

One of the industry's biggest stars, Shah Rukh Khan, went ahead with the release of his new comedy Rab Ne Bana Di Jodi, or Match Made in Heaven, but was careful to strike the right tone, saying he hoped the film would provide relief from the recent events.

Civic activist Gerson da Cunha said it is natural that there is an artistic response to the tragedy in Mumbai, but expressed hopes that any Bollywood movie on the topic won't be too simplistic.

"I hope any film does not oversimplify or exploit or become jingoistic," said da Cunha, convener of Action for Good Governance and Networking in India, a group that has been active in calling for government reforms so that officials can better respond to future terror attacks.

"There is a place for good films," he said. "Whether Bollywood would be the home of such scripts and such directors is another issue." - AP

Court: No review of Obama's eligibility to serve

WASHINGTON – The Supreme Court has turned down an emergency appeal from a New Jersey man who says President-elect Barack Obama is ineligible to be president because he was a British subject at birth. The court did not comment on its order Monday rejecting the call by Leo Donofrio of East Brunswick, N.J., to intervene in the presidential election.

Donofrio says that since Obama had dual nationality at birth — his mother was American and his Kenyan father at the time was a British subject — he cannot possibly be a "natural born citizen," one of the requirements the Constitution lists for eligibility to be president.

Donofrio also contends that two other candidates, Republican John McCain and Socialist Workers candidate Roger Calero, also are not natural-born citizens and thus ineligible to be president.

At least one other appeal over Obama's citizenship remains at the court. Philip J. Berg of Lafayette Hill, Pa., argues that Obama was born in Kenya, not Hawaii as Obama says and Hawaii officials have confirmed.

Berg says Obama also may be a citizen of Indonesia, where he lived as a boy. Federal courts in Pennsylvania have dismissed Berg's lawsuit. Federal courts in Ohio and Washington state have rejected similar lawsuits.

Allegations raised on the Internet say the birth certificate, showing that Obama was born in Hawaii on Aug. 4, 1961, is a fake.

But Hawaii Health Department Director Dr. Chiyome Fukino and the state's registrar of vital statistics, Alvin Onaka, say they checked health department records and have determined there's no doubt Obama was born in Hawaii.

The nonpartisan Web site Factcheck.org examined the original document and said it does have a raised seal and the usual evidence of a genuine document.

In addition, Factcheck.org reproduced an announcement of Obama's birth, including his parents' address in Honolulu, that was published in the Honolulu Advertiser on Aug. 13, 1961.

(This version CORRECTS that Hawaii officials, not secretary of state, confirmed Obama birth certificate.)

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ANALYSIS pacquia vs de lah hoya

The dream match manny vs oscar

pacquiao vs de lah hoya

MANILA, Philippines - The last of the formalities has been formalized.

A final weigh-in, as usual, officially ended the training period and began a 24-hour wait for the main event. This final weigh-in, as expected, was trouble-free.

Manny Pacquiao tipped the scales at 142 pounds on Saturday (Friday, US time) at the MGM Grand Garden Arena in Las Vegas. Oscar de la Hoya came in at 145 pounds.

Both were well within the welterweight (147-pound) limit set for their match.

Now that that has been set aside, everybody knows what time it is. Game time.

"There's nothing more we can do. Now Manny knows he’s going there to do his job," Freddie Roach, Pacquiao's trainer, said.

Zimbabwe declares national health emergency

HARARE, Zimbabwe – Zimbabwe has declared a national emergency over its cholera epidemic and the collapse of its health system due the country's economic crisis.

"Our central hospitals are literally not functioning," Minister of Health David Parirenyatwa was quoted as saying by the state-run Herald newspaper on Thursday.

The Herald said Parirenyatwa declared the state of emergency at a meeting Wednesday of government and international aid officials in Harare. He appealed for money to pay doctors and nurses, and for drugs, food and equipment for Zimbabwe's hospitals.

"Our staff is demotivated and we need your support to ensure that they start coming to work and our health system is revived," he was quoted as saying.

The United Nations puts deaths from the cholera epidemic at more than 500. The outbreak is blamed on lack of water treatment and broken sewage pipes in a country that once had a sophisticated infrastructure.

The deputy water minister, Walter Mzembi, who also attended Wednesday's meeting, said his ministry had only enough chemicals to treat water for 12 more weeks.

The Herald said U.N. agencies, embassies and non-governmental organizations at the meeting pledged to help. The European Commission had said Wednesday it was providing more than $12 million for drugs and clean water while the International Red Cross was also releasing more funds to deal with cholera in Zimbabwe.

"We need to pool our resources together and see how best we can respond to this emergency," Agostinho Zacarias, the U.N. Development Program director in Zimbabwe, was quoted as saying.

Zimbabwe has been paralyzed since disputed elections in March. President Robert Mugabe and the opposition are wrangling over a power-sharing deal.

The country is suffering from the world's highest inflation and Zimbabweans face daily shortages of food and other basic goods. source

Court ruling brings down Thai government

BANGKOK, Thailand – A court dissolved Thailand's top three ruling parties for electoral fraud Tuesday and temporarily banned the prime minister from politics, bringing down a government that has faced months of strident protests seeking its ouster.

The Constitutional Court ruling set the stage for thousands of protesters to end their weeklong siege of the country's two main airports, but also raised fears of retaliatory violence by supporters of the government, which could sink the country deeper into crisis and cripple its economy.

Protest leaders said a decision on whether to end the airport protests — and allow hundreds of thousands of stranded travelers to leave the country — would be made later Tuesday.

However, the government said the main Suvarnabhumi international airport in Bangkok will remain closed to passenger flights until Dec. 15, although the airport reopened to cargo flights Tuesday.

Members of the People's Alliance for Democracy, occupying Bangkok's Suvarnabhumi international airport, cheered and hugged after they heard news of the ruling.

"My heart is happy. My friends are very happy," said Pailin Jampapong, a 41-year-old Bangkok housekeeper choking back tears as she jumped up and down.

Government spokesman Nattawut Sai-kau said Prime Minister Somchai Wongsawat and his six-party ruling coalition would step down.

"We will abide by the law. The coalition parties will meet together to plan for its next move soon," he told The Associated Press.

Somchai had become increasingly isolated in recent weeks. Neither the army, a key player in Thai politics, nor the country's much revered king had offered him firm backing. Since Wednesday, he and his Cabinet had been working from the northern city of Chiang Mai, a government stronghold.

Somchai accepted the ruling with equanimity.

"It is not a problem. I was not working for myself. Now I will be a full-time citizen," he told reporters in Chiang Mai.

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Source said