Fla. man presumed dead after sinkhole opens under his bed

SEFFNER, Fla. A man was missing and feared dead early Friday after a large sinkhole opened under the bedroom of a house near Tampa.


Jeff Bush is presumed dead after a sinkhole opened under his bed.


/

CBS

His brother says Jeff Bush screamed for help before he disappeared.

The 36-year-old man's brother, Jeremy Bush, told rescue crews he heard a loud crash around 11 p.m. Thursday, then heard his brother screaming for help.

"When he got there, there was no bedroom left," Hillsborough County Fire Rescue spokeswoman Jessica Damico said. "There was no furniture. All he saw was a piece of the mattress sticking up."

Jeremy Bush called 911 and frantically tried to help his brother Jeff. He said he jumped into the hole and dirt was quickly up to his neck.

"The floor was still giving in and the dirt was still going down, but I didn't care. I wanted to save my brother," Jeremy said. "But I just couldn't do nothing."

An arriving deputy pulled Jeremy Bush from the still-collapsing house.




28 Photos


Sinkholes



"I reached down and was able to actually able to get him by his hand and pull him out of the hole," Hillsborough County Sheriff's Deputy Douglas Duvall said. "The hole was collapsing. At that time, we left the house."

Engineers worked to determine the size of the sinkhole. At the surface, officials estimated it was about 30 feet across. Below the surface, officials believed it was 100 feet wide.

"The entire house is on the sinkhole," Damico said.

Hillsborough County Fire Chief Ron Rogers told a news briefing that extra-sensitive listening devices and cameras were inserted into the sinkhole. "They did not detect any signs of life," he said.

By early Friday, Hillsborough County Fire Rescue officials determined the home had become too unstable to continue rescue efforts.

Neighbors on both sides of the home have been evacuated.

Sinkholes are common in seaside Florida, whose underlying limestone and dolomite can be worn away by water and chemicals, then collapse.

Engineers condemned the house, reports CBS Tampa affiliate WTSP.

From the outside of the small, sky blue house, nothing appeared wrong. There wear no cracks and the only sign something was amiss was the yellow caution tape circling the house.

Hillsborough County Sheriff's Office spokesman Larry McKinnon said authorities asked sinkhole and engineering experts, and they were using equipment to see if the ground can support the weight of heavy machinery needed for the recovery effort.

Jeremy Bush stood in a neighbor's yard across the street from the house Friday and recounted the harrowing collapse.

"He was screaming my name. I could swear I heard him hollering my name to help him," he said of his brother Jeff.

Jeremy Bush's wife and his 2-year-old daughter were also inside the house. "She keeps asking where her Uncle Jeff is," he said. "I lost everything. I work so hard to support my wife and kid and I lost everything."

Janell Wheeler told the Tampa Bay Times newspaper she was inside the house with four other adults and a child when the sinkhole opened.

"It sounded like a car hit my house," she said.

The rest of the family went to a hotel but she stayed behind, sleeping in her car.

"I just want my nephew," she said through tears.

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Obama Signs Order to Begin Sequester Cuts












President Obama and congressional leaders today failed to reach a breakthrough to avert a sweeping package of automatic spending cuts, setting into motion $85 billion of across-the-board belt-tightening that neither had wanted to see.


President Obama officially initiated the cuts with an order to agencies Friday evening.


He had met for just over an hour at the White House Friday morning with Republican leaders House Speaker John Boehner and Senate Minority Leader Mitch McConnell and his Democratic allies, House Minority Leader Nancy Pelosi, Senate Majority Leader Harry Reid and Vice President Joe Biden.


But the parties emerged from their first face-to-face meeting of the year resigned to see the cuts take hold at midnight.


"This is not a win for anybody," Obama lamented in a statement to reporters after the meeting. "This is a loss for the American people."


READ MORE: 6 Questions (and Answers) About the Sequester


Officials have said the spending reductions immediately take effect Saturday but that the pain from reduced government services and furloughs of tens of thousands of federal employees would be felt gradually in the weeks ahead.








Sequestration Deadline: Obama Meets With Leaders Watch Video











Sequester Countdown: The Reality of Budget Cuts Watch Video





Federal agencies, including Homeland Security, the Pentagon, Internal Revenue Service and the Department of Education, have all prepared to notify employees that they will have to take one unpaid day off per week through the end of the year.


The staffing trims could slow many government services, including airport screenings, air traffic control, and law enforcement investigations and prosecutions. Spending on education programs and health services for low-income families will also get clipped.


"It is absolutely true that this is not going to precipitate the crisis" that would have been caused by the so-called fiscal cliff, Obama said. "But people are going to be hurt. The economy will not grow as quickly as it would have. Unemployment will not go down as quickly as it would have. And there are lives behind that. And it's real."


The sticking point in the debate over the automatic cuts -- known as sequester -- has remained the same between the parties for more than a year since the cuts were first proposed: whether to include more new tax revenue in a broad deficit reduction plan.


The White House insists there must be higher tax revenue, through elimination of tax loopholes and deductions that benefit wealthier Americans and corporations. Republicans seek an approach of spending cuts only, with an emphasis on entitlement programs. It's a deep divide that both sides have proven unable to bridge.


"This discussion about revenue, in my view, is over," Boehner told reporters after the meeting. "It's about taking on the spending problem here in Washington."


Boehner: No New Taxes to Avert Sequester


Boehner says any elimination of tax loopholes or deductions should be part of a broader tax code overhaul aimed at lowering rates overall, not to offset spending cuts in the sequester.


Obama countered today that he's willing to "take on the problem where it exists, on entitlements, and do some things that my own party doesn't like."


But he says Republicans must be willing to eliminate some tax loopholes as part of a deal.


"They refuse to budge on closing a single wasteful loophole to help reduce the deficit," Obama said. "We can and must replace these cuts with a more balanced approach that asks something from everybody."


Can anything more be done by either side to reach a middle ground?


The president today claimed he's done all he can. "I am not a dictator, I'm the president," Obama said.






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West to send Syrian rebels aid, not arms


ROME (Reuters) - Western powers pledged aid for Syrian rebels on Thursday but stopped short of offering them weapons, disappointing opponents of President Bashar al-Assad clamoring for more arms.


More than 70,000 Syrians have been killed in a fierce conflict that began with peaceful anti-Assad protests nearly two years ago.


Washington has given $385 million in humanitarian aid for Syria but U.S. President Barack Obama has so far refused to give arms, arguing it is difficult to prevent them from falling into the hands of militants who could use them on Western targets.


The United States said it would for the first time give non-lethal aid to the rebels and would more than double its support to Syria's civilian opposition, casting it as a way to bolster the rebels' popular support.


The help will include medical supplies, food for rebel fighters and $60 million to help the civil opposition provide basic services like security, education and sanitation.


U.S. Secretary of State John Kerry announced the new steps after a meeting of 11 mostly European and Arab nations within the "Friends of Syria" group.


The European Union, acting on a decision this month to send direct aid to the rebels, said it had amended sanctions on Syria to permit the supply of armored vehicles, non-lethal military equipment and technical aid, provided they were intended to protect civilians.


If the provision of non-lethal assistance goes smoothly, it could conceivably offer a model for providing weaponry should Western governments ultimately decide to do so.


The aid offered for now did not appear to entirely satisfy the Syrian National Council opposition, a fractious Cairo-based group that has struggled to gain traction inside Syria, especially among disparate rebel forces.


"Many sides ... focus (more) on the length of the rebel fighter's beard than they do on the blood of the children being killed," Syrian National Coalition President Moaz Alkhatib said at an appearance with Kerry and Italian Foreign Minister Giulio Terzi.


A rebel commander in Aleppo, Syria's second city left devastated by several months of heavy fighting, said the lack of arms was the main obstacle to victory for his forces.


"We hope ... that weapons will flow and things will change but we are not waiting for them - we are going ahead with our fighting plans on the ground," the commander, Abdel-Jabbar Oqaidi, told Reuters by Skype.


He estimated that four fifths of the city was now under rebel control and the insurgents had taken over Aleppo's historic Umayyad mosque and the Palace of Justice. The claim could not immediately be verified.


A picture posted on the Internet showed what activists said was a rebel fighter prostrate in prayer in the Umayyad mosque's courtyard, its blackened archways still bearing signs of a fire which damaged the 13th century complex last year.


The rebels were still fighting for control of three airports in the Aleppo region, Oqaidi said.


DISAPPOINTMENT


In what analysts described as a sign of disappointment at the West's reluctance to send arms, Syria's political opposition postponed talks to choose the leader of a provisional government, two opposition sources told Reuters in Beirut.


Opposition leaders hoped a Saturday meeting in Istanbul would elect a prime minister to operate in rebel-controlled areas of Syria, threatened by a slide into chaos as the conflict between Assad's forces and insurgents nears its second anniversary.


While one source said the meeting might happen later in the week, a second source said it had been put off because the three most likely candidates for prime minister had reservations about taking the role without more concrete international support.


"The opposition has been increasingly signaling that it is tired of waiting and no one serious will agree to be head of a government without real political and logistical support," said Syrian political commentator Hassan Bali, who lives in Germany.


Bali said the United States and other members of the core "Friends of Syria" nations appeared intent "on raising the ante against Assad but are not sure how."


A final communiqué said participants would "coordinate their efforts closely so as to best empower the Syrian people and support the Supreme Military Command of the (rebel) Free Syrian Army in its efforts to help them exercise self-defense".


Kerry said the United States would for the first time provide assistance - in the form of medical supplies and the standard U.S. military ration known as Meals Ready to Eat, or MREs - to the fighters.


A U.S. official told reporters it would give the aid only to carefully vetted fighters, adding that the United States was worried that "extremists" opposed to democracy, human rights and tolerance were gaining ground in the country.


"Those members of the opposition who support our shared values ... need to set an example of a Syria where daily life is governed neither by the brutality of the Assad regime nor by the agenda of al Qaeda affiliated extremists," the official said.


REBELS WANT ANTI-TANK, ANTI-AIRCRAFT WEAPONS


The continued U.S. refusal to send weapons may compound the frustration that prompted the coalition to say last week it would shun the Rome talks. It attended only under U.S. pressure.


Many in the coalition say Western reluctance to arm rebels only plays into the hands of Islamist militants now widely seen as the most effective forces in the struggle to topple Assad.


With fighting raging on largely sectarian lines, French President Francois Hollande said at a Moscow summit that new partners were needed to broker talks on ending the crisis, winning guarded support from Russian President Vladimir Putin.


"We think that this dialogue must find a new form so that it speaks to all parties," said Hollande, giving few details of his proposal.


Putin said Russia - one of Assad's staunchest allies - would look at Hollande's proposal, "which I think we could consider with all our partners and try to carry out."


Russia has said Assad's departure must not be a precondition for talks and a political solution, while the West has sided with Syria's opposition in demanding his removal from power.


Kerry's offer of medical aid and food rations fell far short of rebel demands for sophisticated anti-tank and anti-aircraft weapons to help turn the tables against Assad's mostly Russian-supplied forces.


It also stopped short of providing other forms of non-lethal assistance such as bullet-proof vests, armored personnel vehicles and military training to the insurgents.


Last week the European Union opened the way for direct aid to Syrian rebels, but did not lift an arms embargo on Syria.


Kerry said the U.S. role should not be judged in isolation but in the context of what other nations will do.


"What we are doing ... is part of a whole," he said. "I am absolutely confident ... that the totality of this effort is going to have an impact of the ability of the Syrian opposition to accomplish its goals."


(Additional reporting by Mariam Karouny; Writing by Alistair Lyon; Editing by Roger Atwood and Tom Pfeiffer)



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Initiatives outlined to make it easier for public to get legal help






SINGAPORE: The overarching theme of the Subordinate Courts Workplan seminar this year is to make it easier for the public to get legal help and information.

In his first workplan keynote address, Chief Justice Sundaresh Menon outlined a slew of initiatives to resolve informational inadequacy and litigation costs.

These include the Primary Justice Project to have a team of lawyers who will provide basic legal services to the public, coming up with guide books on motor vehicle accident scenarios, and simplifying the process for minor civil cases.

The initiatives point towards one thing - settling disputes out of court so as to save time and costs.

- CNA/ck



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Dropbox users getting spammed, might be from earlier hack



It looks like Dropbox may be grappling with some leftover issues from hackers' access into the system last July.

Over the past 24 hours, users have been posting on the file-sharing site's forum, saying that they're being hit with spam e-mails sent to e-mail accounts used only for Dropbox.

"My Dropbox specific email has been receiving spam since the 20th of February," Daniel B. wrote today. Richard F. wrote, "I have an internal to my company email address that I used for Dropbox only and I am getting the same fake paypal scam emails. This has been happening since about Monday."

Dropbox experienced a data leak last summer when hackers accessed usernames and passwords from third-party sites and then used them to get into Dropbox users' accounts. With this data breach, a few hundred Dropbox users received spam e-mails about online casinos and gambling sites.

The company has since put in place additional security controls with the aim to avoid a repeat occurrence, including two-factor authentication, mechanisms to identify suspicious activity, and password changes.

Rather than being a new breach, Dropbox seems to believe the current spam attack is related to what happened last July.

"We've been looking into these spam reports and take them seriously. Back in July we reported that certain user email addresses had leaked and some users had received spam as a result. At this time, we have not seen anything to suggest this is a new issue, but remain vigilant given the recent wave of security incidents at other tech companies," a Dropbox spokesperson told CNET. "We want you to know that we've taken these reports seriously and began our investigation immediately."

Despite what looks to be leftover issues from last summer, far fewer users are complaining this time around. So far, the forum only has 58 posts by 37 users, while hundreds posted on the forum last July.

The company appears to be continuing with its investigation into the issue and will most likely figure out what's happening within the next few days.

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In sequestration's 11th hour, finger-pointing reigns in Congress

With less than 12 hours before sequestration becomes an official federal mandate, the prospects of lawmakers reaching a deal to avert sweeping, across-the-board spending cuts are virtually nonexistent. But as the so-called "sequestration" takes on a feel of increasing inevitability in Washington, politicians on both sides of the aisle are scrambling to assign blame for what many believe could lead to dire economic consequences.

In a series of press briefings and floor speeches today, lawmakers took to the microphone to blast their political counterparts for proposed theft, moral bankruptcy, and professional incompetence.





Play Video


Defense-related small businesses feel sequester pinch




"How much more money do we want to steal from the American people to fund more government?" asked House Speaker John Boehner, R-Ohio, in a press briefing this morning. "I'm for no more."

Boehner, towing the Republican line, assigned blame to the president for having allegedly "insisted" on the sequestration, and to Democrats for derailing Republican alternatives to avert it.

"It is the president's sequester," Boehner said. "The House has acted twice over the last 10 months to replace these cuts with smarter cuts. We've done our job... I'm happy to talk to the president, I'm happy to work with the president, but the House has done its job."

While the idea for sequestration did originate in the White House, both Republicans and Democrats supported the idea, with 174 House Republicans - including Boehner - voting in its favor. The House did pass two bills to avert the cuts, as Boehner said, but neither of them would have had any support from Democrats in the Senate, and White House would likely have vetoed them. Moreover, both are currently invalid because they were passed in the last congressional session.

House Minority Leader Nancy Pelosi, D-Calif., meanwhile, blasted Republicans for allegedly doing worse than just "kick the can down the road" on the issue.

"They're nudging the potato across the table with their noses," she accused. "We come to Washington to be legislators, representatives of our district and to be legislators. And somehow that piece is missing from what the Republicans are doing - they're just making noise... Either they don't want to legislate or they don't know how to legislate."

Senate Majority Leader Harry Reid, D-Nev., who earlier today was rebuffed in an offer to bring to the Senate floor both Republican and Democratic bills on averting sequester if the votes were held at majority thresholds, went after Republican motives for rejecting his idea.

"Are Republicans really filibustering a vote on replacing the sequester?" he asked on the Senate floor. Later, in a press briefing, he added: "The Republicans want the sequester to go forward!"

Reid will hold a vote for the Democratic proposal this afternoon, but that bill is not expected to garner the 60 votes needed to overcome a filibuster, and is expected to go nowhere.

Senate Minority Leader Mitch McConnell, R-Ky., argued that Reid and fellow Democrats want their bill to fail - "so they can go around the country blaming Republicans for a sequester the president himself proposed.

"They're so concerned about preventing anything from actually passing the Congress that they've limited the ability of senators on both sides to debate this issue openly and to offer different ideas," he contended.

In reality, both sides are refusing to compromise. President Obama is expected to sign a directive making sequestration official tomorrow, at which point he will meet with congressional leaders from both parties to discuss the way forward. The Office of Management and Budget (OMB) will also release a report detailing the specifics of sequestration tomorrow.

If a deal can be worked out before April, when some of the impacts of sequestration will begin to feel real, much of the potential damage will be averted. But there's a lot of ground to make up in the next 30 days: As of now, the two parties don't have a lot to say in agreement on the subject. Just this afternoon, the White House endorsed the Democratic Senate plan while threatening to veto a GOP proposal.

In the meantime, the blame game continues.

"House Republicans deserve to be called to task for leaving the American people in the lurch," said Sen. Dick Durbin, D-Ill., to reporters today.

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Arias Recounts Each Moment of Stabbing, Slashing












Accused murderer Jodi Arias was forced to recount today each detail of how she killed her ex-boyfriend, Travis Alexander, including re-enacting how he allegedly tackled her when she shot him, leaving her crying in her hands on the witness stand.


During hours of dramatic cross-examination by prosecutor Juan Martinez, Arias bawled as he asked her about stabbing, slashing and shooting Alexander on June 4, 2008.


"You would acknowledge that Mr. Alexander was stabbed, and that the stabbing was with the knife, and it was after the shooting according to you, right?" Martinez said in rapid succession.


"Yes, I don't remember," Arias said, covering her face with her hands.


"Do you acknowledge the stab wounds, and we can count them together, were to the back of the head and the torso?" Martinez said, flashing a photo of Alexander's bloodied body onto the courtroom projector. " Do you want to take a look at the photo?"


Arias, burying her face in her hands and shutting her eyes on the stand, mumbled, "No."


Alexander's sisters, seated in the front row of the gallery, also looked away, crying.


Arias, 32, is accused of killing Alexander on June 4, 2008 out of jealousy. He was stabbed 27 times, his throat was slashed and he was shot in the head twice.


Arias claims she killed in self-defense after Alexander had become increasingly violent with her. She could face the death penalty if convicted.


Martinez also forced Arias to demonstrate in court today how she claims Alexander lunged at her "like a linebacker," causing her to fire the gun at him. The pair argued over how exactly Alexander was positioned, and Martinez pushed her to explain what she meant.


"He lunges at me like a linebacker," Arias said.


"Like a linebacker, what does that mean?" Martinez asked.








Jodi Arias Under Attack in Third Day of Cross-Examination Watch Video









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Jodi Arias Maintains She 'Felt Like a Prostitute' Watch Video





"He was low. It was almost like he dove," she said, and trying to explain it further, added, "He was like a linebacker is the only way I can describe it unless I get up to act it out which I'd rather not do."


Catching Up on the Trial? Check Out ABC News' Jodi Arias Trial Coverage


Timeline of the Jodi Arias Trial


"Go ahead and do it," Martinez said. "Just stand. Go ahead."


Judge Sherry Stephens initially cleared the court as Arias demonstrated and then Martinez had her do it again after the jury and spectators were allowed back into the courtroom.


Standing and moving away from the witness box, Arias bent at the waist and spread out her arms and meekly made a slight lunging motion.


According to her testimony, Arias fired the gun as Alexander rushed at her, tackling her to the ground. She said she does not remember how she stabbed or slashed him.


It was a day of dramatics and anger as the prosecution pressed Arias on the details of the killing, with Martinez ending the afternoon of questioning by accusing Arias of lying throughout her direct testimony.


At one point Arias dissolved into tears, unable to answer pointed questions when shown a photo of Alexander's body lying crumpled in the bottom of the stall shower.


After a short pause, Martinez asked dryly, "Were you crying when you were shooting him?"


"I don't remember," Arias moaned.


"Were you crying when you stabbed him?" he said. "How about when you slashed his throat?"


"I don't remember, I don't know."


Martinez pressed on, "You're the one that did this right? And lied about all this right?"


"Yes."


"So then take a look at it," he barked.


Arias did not answer Martinez's question, crying into her hands instead. The judge, after a moment, called for the lunch recess to take a break from the testimony. Arias' attorney walked over and consoled her, telling her to "take a moment."


Until that moment, Arias had given vague answers to Martinez as he asked about the hours leading up to the murder. Arias, 32, has testified that she drove to Alexander's house on June 4, 2008, for a sexual liaison, that she had sex with Alexander and the pair took nude photos before an explosive confrontation ended with her killing him. She claims she doesn't remember stabbing Alexander, but insists it was in self-defense.


Martinez questioned her claims, asking exactly what they argued about and who encouraged whom to take the nude photos. He pointed out that Arias told Detective Esteban Flores of the Mesa police department that she had to convince Alexander to take the nude photos in the shower, but that she testified on the stand that Alexander had wanted them.






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Iran upbeat on nuclear talks, West still wary


ALMATY (Reuters) - Iran was upbeat on Wednesday after talks with world powers about its nuclear work ended with an agreement to meet again, but Western officials said it had yet to take concrete steps to ease their fears about its atomic ambitions.


Rapid progress was unlikely with Iran's presidential election, due in June, raising domestic political tensions, diplomats and analysts had said ahead of the February 26-27 meeting in the Kazakh city of Almaty, the first in eight months.


The United States, China, France, Russia, Britain and Germany offered modest sanctions relief in return for Iran curbing its most sensitive nuclear work but made clear that they expected no immediate breakthrough.


In an attempt to make their proposals more palatable to Iran, the six powers appeared to have softened previous demands somewhat, for example regarding their requirement that the Islamic state ship out its stockpile of higher-grade uranium.


Iran's chief nuclear negotiator Saeed Jalili said the powers had tried to "get closer to our viewpoint", which he said was positive.


In Paris, U.S. Secretary of State John Kerry commented that the talks had been "useful" and that a serious engagement by Iran could lead to a comprehensive deal in a decade-old dispute that has threatened to trigger a new Middle East war.


Iran's foreign minister said in Vienna he was "very confident" an agreement could be reached and Jalili, the chief negotiator, said he believed the Almaty meeting could be a "turning point".


However, one diplomat said Iranian officials at the negotiations appeared to be suggesting that they were opening new avenues, but it was not clear if this was really the case.


Iran expert Dina Esfandiary of the International Institute for Strategic Studies said: "Everyone is saying Iran was more positive and portrayed the talks as a win."


"I reckon the reason for that is that they are saving face internally while buying time with the West until after the elections," she said.


The two sides agreed to hold expert-level talks in Istanbul on March 18 to discuss the powers' proposals, and return to Almaty for political discussions on April 5-6, when Western diplomats made clear they wanted to see a substantive response from Iran.


"Iran knows what it needs to do, the president has made clear his determination to implement his policy that Iran will not have a nuclear weapon," Kerry said.


A senior U.S. official in Almaty said, "What we care about at the end is concrete results."


ISRAELI WARNING


Israel, assumed to be the Middle East's only nuclear-armed power, was watching the talks closely. It has strongly hinted it might attack Iran if diplomacy and sanctions fail to ensure that it cannot build a nuclear weapon. Iran denies any such aim.


Israeli Prime Minister Benjamin Netanyahu said economic sanctions were failing and urged the international community to threaten Iran with military action.


Western officials said the offer presented by the six powers included an easing of a ban on trade in gold and other precious metals, and a relaxation of an import embargo on Iranian petrochemical products. They gave no further details.


In exchange, a senior U.S. official said, Iran would among other things have to suspend uranium enrichment to a fissile concentration of 20 percent at its Fordow underground facility and "constrain the ability to quickly resume operations there".


The official did not describe what was being asked of Iran as a "shutdown" of the plant as Western diplomats had said in previous meetings with Iran last year.


Iran says it has a sovereign right to enrich uranium for peaceful purposes, and wants to fuel nuclear power plants so that it can export more oil.


But 20-percent purity is far higher than that needed for nuclear power, and rings alarm bells abroad because it is only a short technical step away from weapons-grade uranium. Iran says it produces higher-grade uranium to fuel a research reactor.


Iran's growing stockpile of 20-percent-enriched uranium is already more than half-way to a "red line" that Israel has made clear it would consider sufficient for a bomb.


In Vienna on Wednesday, a senior U.N. nuclear agency official told diplomats in a closed-door briefing that Iran was technically ready to sharply increase this higher-grade enrichment, two Western diplomats said.


"Iran can triple 20 percent production in the blink of an eye," one of the diplomats said.


The U.S. official in Almaty said the powers' latest proposal would "significantly restrict the accumulation of near-20-percent enriched uranium in Iran, while enabling the Iranians to produce sufficient fuel" for their Tehran medical reactor.


This appeared to be a softening of a previous demand that Iran ship out its stockpile of higher-grade enriched uranium, which it says it needs to produce medical isotopes.


Iran has often indicated that 20-percent enrichment could be up for negotiation if it received the fuel from abroad instead.


Jalili suggested Iran could discuss the issue, although he appeared to rule out shutting down Fordow. He said the powers had not made that specific demand.


The Iranian rial, which has lost more than half its foreign exchange value in the last year as sanctions bite, rose some 2 percent on Wednesday, currency tracking websites reported.


(Additional reporting by Fredrik Dahl and Yeganeh Torbati in Almaty, Georgina Prodhan in Vienna, Zahra Hosseinian in Zurich, Gabriela Baczynska in Moscow, Dan Williams in Jerusalem and Marcus George in Dubai; Writing by Timothy Heritage and Fredrik Dahl; Editing by Louise Ireland)



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Asian markets rise on Wall St rally, ECB comments






HONG KONG: Asian markets rose Thursday after the Dow on Wall Street hit a more than five-year high, while the head of the European Central Bank soothed concerns over the eurozone.

A strong bond sale in Italy also helped the euro despite uncertainty after weekend polls, while the yen resumed its downward trend after Japan's government nominated a fan of aggressive easing as the new central bank governor.

Tokyo climbed 2.04 per cent as the yen sank on confirmation that Japan's government had put forward Haruhiko Kuroda to take over at the Bank of Japan.

Kuroda, the current Asian Development Bank chief, is known as an advocate of a looser monetary policy to overcome slow growth, in line with the views of Prime Minister Shinzo Abe.

The dollar bought 92.44 yen, compared with 92.16 yen in New York late Wednesday.

Hong Kong shares advanced 1.10 per cent, Sydney added 0.71 per cent, Seoul rose 1.02 per cent and Shanghai was up 0.39 per cent.

ECB President Mario Draghi said Wednesday the bank would preserve the integrity of the eurozone, reasserting its commitment to buy up bonds of under-pressure countries.

"We are committed to preserving the integrity of our currency, in the interests of all people of the euro area," he said.

The announcement, which came after US Federal Reserve Chairman Ben Bernanke said its own huge easing would stay in place, came as welcome relief to markets after Italy's poll deadlock raised fears of a return to Europe's debt crisis.

On forex markets the euro rebounded after being hammered in the wake of Sunday's inconclusive poll, which saw voters shun austerity policies and leave the country with a hung parliament.

The euro sat at $1.3150 and 121.56 yen in Tokyo, from $1.3136 and 121.07 yen -- and well up from the levels just above $1.30 and 119 yen seen earlier in the week.

The single currency was also given support from news that Rome had successfully sold 6.5 billion euros of treasury bonds, albeit at a higher price, providing evidence for now that it can borrow cash to pay its own bills.

On Wall Street the Dow ended at its highest level since October 2007 after reports showed US pending home sales rebounded sharply in January to the highest level in almost three years.

In other positive news, durable goods orders in January -- excluding volatile aircraft -- surged 1.9 per cent, with gains particularly strong in capital goods, suggesting business confidence in the economy in upcoming months.

The Dow jumped 1.26 per cent, while the S&P 500 rose 1.27 per cent and the Nasdaq added 1.04 per cent.

Oil prices rose, with New York's main contract, light sweet crude for delivery in April, gaining 34 cents to $93.10 a barrel and Brent North Sea crude for April delivery adding 35 cents to $112.22.

Gold was at $1,597.70 at 0220 GMT compared with $1,608.32 late Wednesday.

- AFP/ck



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Bitcoin virtual currency hits record high after exchange deal





The Bitcoin exchange rate against U.S. dollars for the past couple of years (clock for larger image).



(Credit:
Mt. Gox)



Bitcoin has staged a dramatic comeback in the past two months, more than doubling its value against the dollar in that time and trading at record levels.

The virtual currency was trading above $32 a share today after languishing in the mid-teens in January. The record was reached on the same day that Mt. Gox, the world's largest Bitcoin exchange, reached an agreement with CoinLab to manage the exchange's operations in the U.S. and Canada.


Bitcoin sprang up in 2009 as a peer-to-peer currency that intentionally avoided the prying eyes of law enforcement officials. In order to acquire Bitcoins, users access exchange sites to transfer actual currency, such as U.S. dollars, into the digital option.


However, after struggling to crack the U.S. market, the Japanese exchange hopes its arrangement with the Seattle-based startup, which has a partnership with Silicon Valley Bank and $500,000 in VC funding, will increase customer confidence.




"There are two major difficulties Bitcoin exchange customers have traditionally faced: banking troubles for the underlying exchange, and security of their coins," CoinLab CEO Peter Vessenes wrote in a company blog post announcing the partnership. "Since we believe in Bitcoin, we'd like to solve these problems."


The currency has experienced a rollercoaster ride in the past two years, setting its previous record of $31.90 in June 2011 before plummeting to $2 later that same year. Its exchange rate began to improve in mid-November when the popular blogging platform WordPress announced it would begin accepting Bitcoin payment for upgrades such as custom designs and ad-free presentations.


(Via TNW)


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