Photos: Best Camera-Trap Pictures of 2012

Photograph courtesy Zhou Zhefeng, BBC Wildlife Magazine

A leopard seems to strike a regal pose in China in the winning photograph of the annual BBC Wildlife Camera Trap Competition.

Photographer Zhou Zhefeng snagged both the top prize and a category win for Animal Portraits.

Established in 2010, the contest features the most "visually exciting" or significant camera-trap images taken by conservationists worldwide, according to the contest website.

"As forward leaps in technology go, camera traps have been relatively unsung," the website noted. Sensitive and affordable, these traps have given a huge boost to field researchers.

For example, "camera traps don't need to sleep or eat, but keep constant watch on key patches of habitat, ready to detect the action and providing priceless insights into wildlife movements, populations, and distribution."

(See "Pictures: Best Wild Animal Photos of 2011 Announced.")

Published December 7, 2012

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Nurse Duped by 'Queen's' Prank Call Found Dead













The hospital receptionist who was hoaxed by a prank call from a DJ claiming to be the queen asking about Kate Middleton has been found dead.


"It is with very deep sadness that we confirm the tragic death of a member of our nursing staff," the hospital said in a statement released today.


The nurse was identified as Jacintha Saldanha. The hospital said that Saldanha worked at the hospital for more than four years. They called her a "first-class nurse" and "a well-respected and popular member of the staff."


"We can confirm that Jacintha was recently the victim of a hoax call to the hospital," the statement said. "The hospital had been supporting her throughout this difficult time."


The hospital extended their "deepest sympathies" to family and friends, saying that "everyone is shocked" at this "tragic event."


"She will be greatly missed," the hospital said.


Earlier this week, the hospital fell for a prank call from an Australian radio show where the hosts pretended to be Queen Elizabeth II and Prince Charles looking to speak to Kate Middleton, who had been admitted to the hospital for her pregnancy. The call was put through to a second nurse who told the royal impersonators that Kate was "quite stable" and hadn't "had any retching."








Kate Middleton Leaves Hospital After Extreme Morning Sickness Watch Video









Kate Middleton Pregnant: Royal Couple Expecting Watch Video









Kate Middleton Pregnant: Hospital Stay Forces Announcement Watch Video





Saldanha was the nurse who transferred the impersonators to the second nurse who gave information about Kate's condition.


"The Duke and Duchess of Cambridge are deeply saddened to learn of the death of Jacintha Saldanha," a spokesman from St. James Palace said in a statement.


"Their Royal Highnesses were looked after so wonderfully well at all times by everybody at King Edward VII Hospital, and their thoughts and prayers are with Jacintha Saldanha's family, friends and colleagues at this very sad time," the statement said.


Police were called to an address near the hospital at about 9:35 a.m. GT today to "reports of a woman found unconscious," according to a statement from Scotland Yard.


The woman was pronounced dead at the scene. "Inquiries continue to establish the circumstances of the incident. Next of kin have been informed," the statement said.


Circumstances of the death being investigated, but are not suspicious at this stage, according to police.


The duchess spent three days at the hospital undergoing treatment for hyperemesis gravidarum, severe or debilitating nausea and vomiting. She was released from the hospital on Thursday morning.


The Tuesday morning prank call came from Australian DJ's Mel Greig and Michael Christian. They impersonated the royals, complete with exaggerated accents. They even enlisted two co-workers to bark like the queen's pet corgis.


The Sydney radio station, 2DayFM, could not be immediately reached for comment.


The Twitter accounts of both radio personalities have been deactivated, but it is unknown when the accounts were shut down. The DJ's are being heavily criticized on Twitter, with many people calling for them to resign or be fired.


The queen impersonator asked for her granddaughter and was promptly transferred to another hospital employee.


"I'm just after my granddaughter, Kate. I want to see how her little tummy bug is going," the radio host said, suppressing laughter.


"She's sleeping at the moment, and she has had an uneventful night and sleep is good for her," the nurse said. "She's been getting some fluids to rehydrate her because she was quite dehydrated when she came in, but she's stable at the moment."






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Today on New Scientist: 6 December 2012







Deep inside a mouse's ear, a swirling galaxy of cells

The winner of the GenArt 2012 image competition reveals the power of deep genetic sequencing to understand deafness



Kyoto protocol gets a second lease of life

Just weeks before it is due to expire, the world's only binding climate agreement appears to have been saved - sort of



Zoologger: The toughest eggs in the world

The eggs of the tiny seed shrimp Eucypris virens are truly stalwart, happily enduring sub-zero temperatures, UV radiation and oxygen deprivation



Browser hacks enable free cloud computing

Cloud computing resources can be hijacked by exploiting loopholes in browsers



Tragic tears: Why we are the only animals that cry

In Why Humans Like to Cry, Michael Trimble argues that tears of sadness provide a type of joy, that may have co-evolved with tragedy



The UK's new dash for gas is a dangerous gamble

The British government's new emphasis on gas power and fracking puts the climate and consumers at risk, argues an environmental policy researcher



Your next boss could be a computer

Software that delegates tricky problems to human workers is changing the nature of crowdsourcing



Sat-Map: Explore the lights of the world from space

See humanity's global footprint in our night-time glow seen from orbit - from the dark realm of North Korea to oil and gas platforms in the Gulf of Mexico



2012 Flash Fiction Shortlist: Too Good to be True

From scores of entries into this year's flash fiction competition, here is the fantastic shortlist. Story four of five: Too Good to be True by Jouni Sarkijarvi



Celebrities turn to encryption to keep phones private

Smartphone encryption tools will make it easier to keep your calls private



Chemical key to cell division revealed

The discovery that lipids are vital for an important stage of cell division could offer new ways to treat cancer and rare genetic disorders



Gay 'conversion therapy' enters the courtroom

A widely condemned therapy which aims to help gay men change their sexuality is under legal scrutiny in a US trial



NASA's next Mars rover to launch in 2020

Rock storage and a zoomable 3D camera are some of the possible updates to a rover based on Curiosity's design




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ECB slashes growth forecasts, keeps door open to rate cuts






FRANKFURT: The European Central Bank slashed its eurozone growth forecasts Thursday, keeping the door open to more interest rates cuts, even as it insisted it was up to governments to solve the debt crisis.

As widely expected, the ECB's decision-making governing council voted to leave the bank's main refinancing rate at a historic low of 0.75 percent at its last policy meeting this year.

But ECB chief Mario Draghi -- who last month had said further rate cuts were not discussed at all -- revealed there had been "wide discussion" of such a move this time round and the decision was anything but unanimous.

Nevertheless, "in the end the prevailing consensus was to leave the rates unchanged," the Italian central banker said.

The 23-member governing council traditionally likes any decisions to be unanimous or, failing that, by consensus.

And with economic gloom deepening over the 17 countries that share the euro, many ECB watchers believe there is room for additional monetary easing, even if none of them had predicted a cut in the bank's refi rate at this month's meeting.

The bank might be persuaded to act if economic prospects continue to deteriorate, analysts argued.

And the outlook looks gloomy indeed.

In its regular quarterly staff economic projections, the ECB forecast that the eurozone economy will contract both this year and next year and only return to growth in 2014.

According to the updated forecasts, the euro area economy is set to shrink by 0.5 percent in 2012 rather than by 0.4 percent as predicted earlier.

And it would shrink again by 0.3 percent in 2013, instead of growing by 0.5 percent.

Only in 2014 would the economy grow again, by an estimated 1.2 percent, the forecasts said.

The ECB governing council "continues to see downside risks to the economic outlook for the euro area," Draghi said.

"Over the shorter term, weak activity is expected to extend into next year."

Nevertheless, a gradual recovery should start "later" in 2013 as the ECB's low-interest rate policy and rising market confidence fed through into household spending, while a strengthening of foreign demand should support export growth, he argued.

Thus, the ball was very much in the governments' court to solve the two-year-old crisis, Draghi insisted.

By cutting interest rates and launching a raft of anti-crisis measures the ECB had "already done much that is needed," he said, even if he refused to explicitly rule out additional action further down the line.

"In order to sustain confidence, it is essential for governments to reduce further both fiscal and structural imbalances and to proceed with financial sector restructuring," he insisted.

A number of ECB watchers said they still expected the central bank to lower its rates early next year if the economy deteriorated still further.

"The ECB appears to have the door open for an interest rate cut, and we expect it to step through early in 2013," said Howard Archer at IHS Global Insight.

"With the eurozone clearly facing a difficult fourth quarter and beyond after moving into modest recession in the third quarter, and with the underlying inflation situation in the Eurozone looking relatively benign, we believe that the ECB has ample justification and scope to take interest rates down from 0.75 percent to 0.50 percent sooner rather than later," he said.

But others were not so sure.

Draghi "was quite clear that no further monetary policy action is to be expected in the near future," said Marie Diron at Ernst & Young Eurozone Forecast.

Commerzbank chief economist Joerg Kraemer said he "would forecast a lower refi rate if leading economic indicators declined in contrast to our expectations."

ING Belgium economist Carsten Brzeski felt that the fact that the ECB kept rates on hold "even after these strong downward revisions for growth and inflation in our view shows that the ECB prefers to stimulate the economy with non-standard measures and not with additional rate cuts."

A rate cut "might not entirely be off the table but would require an even worse weakening of the economy," Brzeski said.

-AFP/ac



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Will the Samsung Galaxy S IV be 'unbreakable'?



Will the next Samsung Galaxy flagship phone bring a comic book dream to life and be truly "unbreakable."



(Credit:
CNET)


If the rumors are true, Samsung is looking to go big with its next flagship Android phone, presumably to be the Galaxy S IV.


Not only is it rumored that the next batch of galactic goodies will pack a quad-core processor and 13-megapixel camera, as CNET's Scott Webster recently reported, but there's also word it could come with an "unbreakable" screen, according to one analyst quoted by Reuters.



For years now, Samsung has been teasing us with its fancy, flexible, unbreakable displays at CES and other venues, but little of the technology has actually been brought to market.


Stanford Bernstein analyst Mark Newman predicts that either the Galaxy S IV or Galaxy S V will have bendable or even foldable displays by 2014. Just imagine, returning to the legacy of the flip phone with new folding or even "squishy" phones. I might even stand in line for a "koosh" phone.


If the Samsung Galaxy S IV arrives in the middle of next year as some rumors claim with an unbreakable screen, I predict it will be one of the best summers I've seen yet for blockbuster gadget torture tests.


Get the wrecking ball ready, SquareTrade -- I can't wait.


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High-Voltage DC Breakthrough Could Boost Renewable Energy

Patrick J. Kiger



Thomas Edison championed direct current, or DC, as a better mode for delivering electricity than alternating current, or AC. But the inventor of the light bulb lost the War of the Currents. Despite Edison's sometimes flamboyant efforts—at one point he electrocuted a Coney Island zoo elephant in an attempt to show the technology's hazards—AC is the primary way that electricity flows from power plants to homes and businesses everywhere. (Related Quiz: "What You Don't Know About Electricity")


But now, more than a century after Edison's misguided stunt, DC may be getting a measure of vindication.


An updated, high-voltage version of DC, called HVDC, is being touted as the transmission method of the future because of its ability to transmit current over very long distances with fewer losses than AC. And that trend may be accelerated by a new device called a hybrid HVDC breaker, which may make it possible to use DC on large power grids without the fear of catastrophic breakdown that stymied the technology in the past.  (See related photos: "World's Worst Power Outages.")


Swiss-based power technology and automation giant ABB, which developed the breaker, says it may also prove critical to the 21st century's transition from fossil fuels to renewable energy sources, by tapping the full potential of massive wind farms and solar generating stations to provide electricity to distant cities.


So far, the device has been tested only in laboratories, but ABB's chief executive, Joe Hogan, touts the hybrid HVDC breaker as "a new chapter in the history of electrical engineering," and predicts that it will make possible the development of "the grid of the future"—that is, a massive, super-efficient network for distributing electricity that would interconnect not just nations but multiple continents. Outside experts aren't quite as grandiose, but they still see the breaker as an important breakthrough.


"I'm quite struck by the potential of this invention," says John Kassakian, an electrical engineering and computer science professor at the Massachusetts Institute of Technology. "If it works on a large scale and is economical to use, it could be a substantial asset."




Going the Distance


The hybrid HVDC breaker may herald a new day for Edison's favored mode of electricity, in which current is transmitted in a constant flow in one direction, rather than in the back-and-forth bursts of AC. In the early 1890s, DC lost the so-called War of the Currents mostly because of the issue of long-distance transmission.


In Edison's time, because of losses due to electrical resistance, there wasn't an economical technology that would enable DC systems to transmit power over long distances. Edison did not see this as a drawback because he envisioned electric power plants in every neighborhood.


But his rivals in the pioneering era of electricity, Nikola Tesla and George Westinghouse, instead touted AC, which could be sent long distances with fewer losses. AC's voltage, the amount of potential energy in the current (think of it as analogous to the pressure in a water line), could be stepped up and down easily through the use of transformers. That meant high-voltage AC could be transmitted long distances until it entered neighborhoods, where it would be transformed to safer low-voltage electricity.


Thanks to AC, smoke-belching, coal-burning generating plants could be built miles away from the homes and office buildings they powered. It was the idea that won the day, and became the basis for the proliferation of electric power systems across the United States and around the world.


But advances in transformer technology ultimately made it possible to transmit DC at higher voltages. The advantages of HVDC then became readily apparent. Compared to AC, HVDC is more efficient—a thousand-mile HVDC line carrying thousands of megawatts might lose 6 to 8 percent of its power, compared to 12 to 25 percent for a similar AC line. And HVDC would require fewer lines along a route. That made it better suited to places where electricity must be transmitted extraordinarily long distances from power plants to urban areas. It also is more efficient for underwater electricity transmission.


In recent years, companies such as ABB and Germany's Siemens have built a number of big HVDC transmission projects, like ABB's 940-kilometer (584-mile) line that went into service in 2004 to deliver power from China's massive Three Gorges hydroelectric plant to Guangdong province in the South. In the United States, Siemens for the first time ever installed a 500-kilovolt submarine cable, a 65-mile HVDC line, to take additional power from the Pennsylvania/New Jersey grid to power-hungry Long Island. (Related: "Can Hurricane Sandy Shed Light on Curbing Power Outages?") And the longest electric transmission line in the world, some 2,500 kilometers (1,553 miles), is under construction by ABB now in Brazil: The Rio-Madeira HVDC project will link two new hydropower plants in the Amazon with São Paulo, the nation's main economic hub. (Related Pictures: "A River People Await an Amazon Dam")


But these projects all involved point-to-point electricity delivery. Some engineers began to envision the potential of branching out HVDC into "supergrids." Far-flung arrays of wind farms and solar installations could be tied together in giant networks. Because of its stability and low losses, HVDC could balance out the natural fluctuations in renewable energy in a way that AC never could. That could dramatically reduce the need for the constant base-load power of large coal or nuclear power plants.


The Need for a Breaker


Until now, however, such renewable energy solutions have faced at least one daunting obstacle. It's much trickier to regulate a DC grid, where current flows continuously, than it is with AC. "When you have a large grid and you have a lightning strike at one location, you need to be able to disconnect that section quickly and isolate the problem, or else bad things can happen to the rest of the grid," such as a catastrophic blackout, explains ABB chief technology officer Prith Banerjee. "But if you can disconnect quickly, the rest of the grid can go on working while you fix the problem." That's where HVDC hybrid breakers—basically, nondescript racks of circuitry inside a power station—could come in. The breaker combines a series of mechanical and electronic circuit-breaking devices, which redirect a surge in current and then shut it off.  ABB says the unit is capable of stopping a surge equivalent to the output of a one-gigawatt power plant, the sort that might provide power to 1 million U.S. homes or 2 million European homes, in significantly less time than the blink of an eye.


While ABB's new breaker still must be tested in actual power plants before it is deemed dependable enough for wide use, independent experts say it seems to represent an advance over previous efforts. (Siemens, an ABB competitor, reportedly also has been working to develop an advanced HVDC breaker.)


"I think this hybrid approach is a very good approach," says Narain Hingorani, a power-transmission researcher and consultant who is a fellow with the Institute of Electrical and Electronics Engineers. "There are other ways of doing the same thing, but they don't exist right now, and they may be more expensive."


Hingorani thinks the hybrid HVDC breakers could play an important role in building sprawling HVDC grids that could realize the potential of renewable energy sources. HVDC cables could be laid along the ocean floor to transmit electricity from floating wind farms that are dozens of mile offshore, far out of sight of coastal residents. HVDC lines equipped with hybrid breakers also would be much cheaper to bury than AC, because they require less insulation, Hingorani says.


For wind farms and solar installations in the Midwest and Rocky Mountain regions, HVDC cables could be run underground in environmentally sensitive areas, to avoid cluttering the landscape with transmission towers and overhead lines. "So far, we've been going after the low-hanging fruit, building them in places where it's easy to connect to the grid," he explains. "There are other places where you can get a lot of wind, but where it's going to take years to get permits for overhead lines—if you can get them at all—because the public is against it."


In other words, whether due to public preference to keep coal plants out of sight, or a desire to harness the force of remote offshore or mountain wind power, society is still seeking the least obtrusive way to deliver electricity long distances. That means that for the same reason Edison lost the War of the Currents at the end of the 19th century, his DC current may gain its opportunity (thanks to technological advances) to serve as the backbone of a cleaner 21st-century grid. (See related story: "The 21st Century Grid: Can we fix the infrastructure that powers our lives?")


This story is part of a special series that explores energy issues. For more, visit The Great Energy Challenge.


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Winter Chill Descends on Frozen Fiscal Cliff Talks













A chill has descended on Washington just in time for tonight's lighting of the National Christmas Tree.


President Obama will preside over an evening festival of star-studded carols and sparkling displays of holiday cheer on the White House Ellipse.


But don't expect any of the holiday good will to warm the political frost over the fiscal cliff talks.


The White House is mandating that tax hikes for the wealthiest Americans must be part of any deficit-reduction deal with congressional Republicans, who stand equally opposed. Negotiations have ground to a standstill.


"There's no prospect for an agreement that doesn't involve those rates going up on the top 2 percent of the wealthiest," Treasury Secretary Timothy Geithner said Wednesday.


He also said the administration is "absolutely" willing to allow the package of deep automatic spending cuts and across-the-board tax hikes to take effect Jan. 1 if they don't get some increase in those tax rates.






Toby Jorrin/AFP/Getty Images











Fiscal Cliff Warning: Conservatives Caution on Benefit Cuts Watch Video









'Fiscal Cliff' Negotiations: White House Rejects Boehner Plan Watch Video









Fiscal Cliff: What Republicans, Democrats Agree on So Far Watch Video





Obama spoke by phone with House Speaker John Boehner on Wednesday, the first time both men had been in contact in one week. On Monday, Boehner attended a White House holiday party but did not greet Obama.


Republicans say Obama has fixated on tax hikes for the rich at the exclusion of entitlement program reforms to curb spending, which they are seeking as part of a "balanced" deal.


"The president talks about a balanced approach, but he's rejected spending cuts that he has supported previously and refuses to identify serious spending cuts he is willing to make today," Boehner said Wednesday. "This is preventing us from reaching an agreement."


As the showdown continues, Obama will take his tax argument on the road to Virginia, visiting the home of a middle class family to highlight the importance of lawmakers extending current, lower tax rates for 98 percent of U.S. earners.


Both parties agree they should be extended before they expire at the end of the year. But they remain tangled in the broader debate over spending cuts and upper-income tax rates.


The average American family of four would pay an estimated $2,200 more in taxes next year if the rates for middle-income earners are not extended.


Economists say a failure to resolve the standoff before Dec. 31 could thrust the U.S. economy back into a recession, a prospect many Americans are also worried about, according to a new poll.


Fifty-three percent of voters say lawmakers' failure to avoid the "cliff" would be "bad for their personal financial situation," compared to just 13 percent who said it wouldn't, according to the Quinnipiac University Polling Institute.


The same poll found a majority – 53 percent – trusting Obama and Democrats more than Republicans to work out a deal in the deficit negotiations.



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Psychiatry is failing those with personality disorders






















A workable diagnostic system is needed, because sticking with the status quo is not an option
















IF DOCTORS sent patients with angina home with nothing but a prescription for a painkiller to control chest pain, they would be sued for malpractice. Sadly, that is a fitting analogy for what happens all too often to people with personality disorders.












These conditions can wreck lives. Take borderline personality disorder, the most visible of the 10 such disorders currently recognised by the American Psychiatric Association (APA). Emotional instability can wreak havoc on the relationships of people with this condition.











All too often, there is no help at hand. The system for classifying these conditions in the APA's Diagnostic and Statistical Manual of Mental Disorders is so confusing that many patients receive multiple diagnoses, while others receive none at all. Doctors may recognise and treat secondary symptoms such as anxiety or depression, but antidepressants don't address the root of the problem. These patients need psychotherapy to help them interact with others.












This is why the APA's failure to agree a new system of diagnosing personality disorders for the next edition of its handbook, DSM-5, is tragic (see "Personality disorder revamp ends in 'horrible waste'"). It means that many patients will continue to be treated inadequately. What is now urgently needed is renewed determination to produce a workable diagnostic system, recognising that problems with personality operate on a scale of severity and abandoning the current constellation of disorders, which creates pigeonholes into which many patients don't fit.



















So it is critical that the APA makes good on its promise to make DSM-5 a "living document" that is updated between major rewrites. Personality disorders must be a priority for DSM-5.1.












The other hope is a system being developed for the next revision of the World Health Organization's International Classification of Diseases, due out in 2015. It seems a step in the right direction, focusing on rating people's difficulties in interacting with others on a four-point scale.












It will take time to convince doctors and patients that any alternative system is useful. But the only other option is to stick with the status quo - and that is not really an option at all.


















































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Britain faces more austerity pain






LONDON: Finance minister George Osborne on Wednesday warned Britons that they faced an extra year of austerity measures and insisted that reversing his belt-tightening measures now would be a "disaster".

Chancellor of the Exchequer Osborne said Britain would face spending cuts and tax hikes until 2018 -- after the coalition government led by Prime Minister David Cameron had already previously extended the programme by two years to 2017.

The bleak announcement in a budget update, coming alongside news that the government is slashing its outlook for economic growth, is likely to heap further pressure on the administration mid-way through a five-year term in power.

Addressing parliament on Wednesday, Osborne also admitted that the government would fail to meet its official target for reducing public debt as a proportion of British economic output by 2015-16.

"It is taking time but the British economy is healing after the biggest financial crash in our lifetime," Osborne insisted in his Autumn Statement.

Confirming that he was prolonging the government's austerity programme to 2017-18 -- beyond Britain's next general election due in 2015 -- Osborne said: "We are making progress. It's a hard road, but we are getting there. Britain is on the right track and turning back now would be a disaster."

Explaining why he was extending cuts in public spending and hiking taxes again, Osborne said the British economy faced "deep-seated problems at home and abroad."

Britain's Conservative-Liberal Democrat coalition government, which came to power in 2010, has imposed a series of painful austerity measures to slash a record deficit that was inherited from the previous Labour administration.

Cameron and Osborne have overseen the loss of tens of thousands of public-sector jobs, slashing workforces in the military, health service and various state departments.

The government has also faced huge demonstrations from disgruntled workers ans students in response to the cuts.

The main opposition Labour party said Osborne's economic plans were "in tatters".

The party's finance spokesman Ed Balls said: "Today, after two and a half years, we can see, people can feel in the country, the true scale of this government's economic failure.

"Our economy this year is contracting, (and) the chancellor has confirmed government borrowing is revised up this year, next year and every year."

Britain meanwhile slashed its economic outlook, forecasting the economy would shrink by 0.1 percent this year and then return to growth in 2013, according to figures published alongside the budget update.

The new forecast, issued by the Office for Budget Responsibility (OBR) fiscal watchdog, showed a sharp drop on the previous 2012 growth estimate of 0.8 percent that was given in Osborne's annual budget in March.

The OBR added that British gross domestic product was forecast to grow by 1.2 percent in 2013. That compared with previous guidance for greater expansion of 2.0 percent.

Osborne also revealed that debt as a proportion of gross domestic product (GDP) was now expected to fall in 2016-17 -- a year later than the government's previous forecast.

Recent official data showed that Britain had escaped from recession in the third quarter of this year, with its economy growing by a robust 1.0 percent.

However the return to growth was owing to one-off factors such as the London Olympics and rebounding activity after public holidays in the second quarter.

"The message... is that we are making progress," Osborne said.

Osborne had some positive news for motorists and businesses, postponing a hike in fuel tax due to have come into force in January and saying he would cut corporation tax by one percentage point to 21 percent in 2014.

The coalition has blamed the recession largely on the debt crisis in the neighbouring eurozone, but the main opposition Labour party claims that the downturn was mainly owing to the hefty cuts in state spending.

On the eve of the budget update, Osborne pledged to invest £5.0 billion (6 billion euros, $8 billion) in schools, transport and science over the next two fiscal years, with the cash sourced from a new raft of spending cuts across most civil service departments.

And on Monday, Osborne launched a campaign against "tax dodgers" and "cowboy advisers" to claw back £2.0 billion a year, as lawmakers alleged that multinationals such as Starbucks and Google are avoiding huge tax bills.

-AFP/ac



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Apple shares continue decline, slide another 4 percent




Apple's stock can't seem to catch a break lately.


Shares are off another 4 percent today, and Apple has lost a fifth of its market value since its peak in mid-September.


Over the past few months, Apple has faced questions about whether it can maintain its current dominance in the mobile industry, with its iPhone and
iPad both ceding market share to devices running on Google's
Android operating system. At the same time, investors are fretting over the decline in profit margins at the company, which executives believe is a temporary hiccup spurred by the introduction of so many different products.



There are myriad of reasons for its decline today. StreetInsider said that clearing firm COR Clearing raised its margin requirement on Apple, citing an already high concentration in the stock. That likely rippled out to other firms looking to reduce their heavy positions in the company .


Apple was also likely hurt by an IDC study issued today that calls for Apple to cede market share in the tablet market -- even as the market itself continues to gain momentum. Much of the growth in the market is expected to stem from lower-cost and smaller tablets. While Apple has a presence there with the
iPad Mini, the forecast suggests its core iPad business could face pressure.


Apple's shares did pop briefly in late November as Apple improved its supply of iPhones and the company entered the crucial Black Friday-Cyber Monday shopping frenzy. Several analysts noted that yields have improved, which could lead to better sales. But the stock's return to decline this month suggests there remains some skepticism and concern over Apple's next big growth driver.

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