A Running Start for a U.S.-Europe Trade Pact

BRUSSELS — Embarking on what could be the biggest trade agreement ever in its economic sweep, officials from the United States and the European Union indicated Wednesday that they had already resolved some of the stickiest issues behind closed doors.

But the sheer ambition of the trade negotiations, which aim not only to eliminate import duties but also synchronize regulations governing products like cars, drugs and medical devices, leaves plenty of room for the talks to bog down in the type of parochial concerns that have derailed past efforts at a trans-Atlantic trade pact.

Ron Kirk, the U.S. Trade Representative, said by telephone Wednesday that this time things would be different. Already, he said, preliminary discussions between him and top E.U. officials have made “very good progress” on issues that have stymied trade relations for years, like health and safety standards applied to food. A final agreement is possible before the end of 2014, he said.

But, Mr. Kirk acknowledged, “we’ve still got a lot of work ahead of us.”

President Barack Obama endorsed a trade pact during his State of the Union address Tuesday, answering pleas from European leaders desperate for a way to speed up economic growth. Though Mr. Obama devoted only a single sentence to the topic, it was the green light that proponents of a trade deal had been hoping for.

“And tonight, I’m announcing that we will launch talks on a comprehensive Transatlantic Trade and Investment Partnership with the European Union,” Mr. Obama said, giving the potential pact a name. He added, “Because trade that is fair and free across the Atlantic supports millions of good-paying American jobs.”

European officials on Wednesday agreed with Mr. Kirk that the timing is favorable for an agreement. And officials in both Brussels and Washington noted that the rising economic might of China gave them further incentive. A broad trade agreement could help ensure that Americans and Europeans, and not the Chinese government, would set standards on product safety or protection of intellectual property in years to come.

“You will now be setting what the rules of the road are for trade that are going to shape the global trading system,” said Karan Bhatia, a former deputy U.S. trade representative who is now vice president for global government affairs at General Electric in Washington.

Unless the United States and Europe are in agreement, in too many future trade cases, “we would be forced to accept Chinese standards,” Karel De Gucht, the trade commissioner who is expected to lead the talks on behalf of Europe, said during an interview. “That’s what it is about.”

José Manuel Barroso, the president of the European Commission — the Union’s administrative arm — said at a news conference here that a trade pact would bolster the economies of the United States and Europe.

“Both of us need growth, and both us also have budgetary difficulties,” Mr. Barroso said. “Trade is the most economic way of promoting growth.”

But Mr. De Gucht, interviewed later, added a note of caution. “The low-hanging fruit doesn’t exist here any more,” he said. “All the easy topics are off the table.”

European leaders, including Prime Minister David Cameron of Britain and Chancellor Angela Merkel of Germany, have been pushing for a trade deal as a low-cost way of stimulating their struggling economies. Mr. Obama’s statement Tuesday will help put to rest complaints by some Europeans that the U.S. president has not paid enough attention to his country’s largest trading partner.

“A deal will create jobs on both sides of the Atlantic and make our countries more prosperous,” Mr. Cameron said in statement. “Breaking down the remaining trade barriers and securing a comprehensive deal will require hard work and bold decisions on both sides.”

Between them, the United States and Europe account for about half of global economic output and one-third of world trade. Trade in goods between the Union and America totaled $646 billion last year, according to U.S. government figures.

According to Mr. Kirk, the trade representative, the Union is the best customer for U.S. exports, buying $459 billion in goods and services and supporting 2.4 million American jobs.

“I don’t know if I would call it the biggest trade agreement in the history of the planet,” Mr. Kirk said, “but it is really a very big deal.”

Read More..

Vertu Releases $10,000 Smartphone with Year-Old Software, No 4G

Luxury smartphone company Vertu has just released the Vertu Ti, the price of which is not listed on its website but was reported by Alex Dobie of Android Central to be $ 10,000. It runs a version of the Android operating system, Ice Cream Sandwich, which is more than a year old, and lacks other typical high-end smartphone features like 4G wireless Internet.

But then, with “Titanium Black Leather” in bold at the top of its feature list — with “size and weight,” “materials,” and “services” right afterwards — it’s pretty clear which “specs” Vertu is hoping its buyers will care about.

Software and specs

Vertu’s website describes “the devices [sic] 1.7 GHz processor” and its “uniquely tailored user interface,” a custom UI layer which superficially resembles Samsung’s Touchwiz and is running on top of Android 4.0. Its processor is dual-core, and its 3.7-inch screen is about as small as the old iPhone’s.

On the other hand, the Vertu Ti does have 64 GB of flash storage, as well as a 1.3-megapixel front-facing camera and an 8-megapixel rear-facing shooter which can record 1080p video.

The key to the kingdom

The Vertu Ti’s most unique feature is the “Vertu Key,” a button on the side of the phone which can be used to call 24/7 concierge service from anywhere in the world — or at least, anywhere in the world where it has a signal. There’s also a text-based live chat option, a Windows-style remote assist feature, and an app which appears to do nothing but display personalized ads (the company calls them “independently sourced articles and privileges”).

Putting the “hard” in hardware

The materials used do have some practical benefits. Vertu’s website claims that the Vertu Ti’s chassis is “around five times stronger than other smart phones [sic].” Meanwhile, a BBC News report said that one Vertu handset survived being run over by a truck, or that it was at least “intact and working” afterwards.

The same report quoted Vertu Head of Design Hutch Hutchison as saying the phone’s sapphire screen can only be scratched by diamond. With its price tag and luxury design however, Vertu is not competing in the same space as Panasonic’s military-grade, ruggedized hardware.

Are the phones worth it?

That’s up to the very few people who societies choose to reward with the disposable income to buy them — people like the bankers at the former Lehman Brothers firm, which is believed to have been instrumental in causing the global financial crisis and the closing of which impacted Vertu’s sales, according to the BBC article.

Roughly 326,000 Vertu phones (of all kinds) have been sold worldwide. China is reportedly Vertu’s biggest market.

Jared Spurbeck is an open-source software enthusiast, who uses an Android phone and an Ubuntu laptop PC. He has been writing about technology and electronics since 2008.

Linux/Open Source News Headlines – Yahoo! News

Title Post: Vertu Releases $10,000 Smartphone with Year-Old Software, No 4G
Url Post: http://www.news.fluser.com/vertu-releases-10000-smartphone-with-year-old-software-no-4g/
Link To Post : Vertu Releases $10,000 Smartphone with Year-Old Software, No 4G
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

Ed Sheeran: Five Things to Know

By JESSICA HERNDON

02/12/2013 at 03:50 PM EST

Elton John doesn't perform with just anyone. So when he took the stage at Sunday night's Grammys with folkie Brit Ed Sheeran to duet on the newcomer's Grammy nominated hit "The A Team," it was a moment to remember.

Here are five things to know about the 21-year-old folk singer, whose debut, +, has sold over two million copies worldwide.

1. He's penned tracks for both Taylor Swift and One Direction
Sheeran cowrote "Everything Has Changed," off of Taylor Swift's latest album Red. "It was fate," he says of how he and Swift, 23, connected. The two musicians, who were fans of each other's work, "just started hanging out," says Sheeran. He also cowrote One Direction's hit "Little Things." Who's his favorite 1D member? Harry Styles, who was his pal prior to the boy band hitting it big.

2. He digs his red hair
"It makes me individual and makes me stand out," he says. "It would be foolish to change it." And he's in good company with fellow musicians like Florence + the Machine also sporting red tresses. "There are more redheads in pop than you think!"

3. He has a big crush on another (occasional) redhead
Though he jokes about wishing he could have taken Eva Longoria as his date to the Grammys, Sheeran says he really holds a candle for actress Emma Stone. "But she's all kinds of taken now so I need to find someone else," he chuckles. Could he find love with pal Swift? "I don't know if I'm her type," he says of the singer, for whom he'll open for on her upcoming Red Tour.

4. He can deliver one heck of a rhyme
Influenced by Eminem, the guitar player swiftly raps "Like everything I say seems to always sound awkward/Like our last kiss it was perfect, we were nervous/On the surface" on his tune "U.N.I." "I was brought up on Bob Dylan and Van Morrison," he says. "Now-a-days I listen to [rapper] Kendrick Lamar."

5. He's a loyal customer
There's one dish he can't wait to sit down and devour whenever he travels back to England. "The Portuguese chicken at a restaurant called Nando's," says Sheeran. "That's the sh--!"

Read More..

Pope shows lifetime jobs aren't always for life

The world seems surprised that an 85-year-old globe-trotting pope who just started tweeting wants to resign, but should it be? Maybe what should be surprising is that more leaders his age do not, considering the toll aging takes on bodies and minds amid a culture of constant communication and change.

There may be more behind the story of why Pope Benedict XVI decided to leave a job normally held for life. But the pontiff made it about age. He said the job called for "both strength of mind and body" and said his was deteriorating. He spoke of "today's world, subject to so many rapid changes," implying a difficulty keeping up despite his recent debut on Twitter.

"This seemed to me a very brave, courageous decision," especially because older people often don't recognize their own decline, said Dr. Seth Landefeld, an expert on aging and chairman of medicine at the University of Alabama at Birmingham.

Age has driven many leaders from jobs that used to be for life — Supreme Court justices, monarchs and other heads of state. As lifetimes expand, the woes of old age are catching up with more in seats of power. Some are choosing to step down rather than suffer long declines and disabilities as the pope's last predecessor did.

Since 1955, only one U.S. Supreme Court justice — Chief Justice William Rehnquist — has died in office. Twenty-one others chose to retire, the most recent being John Paul Stevens, who stepped down in 2010 at age 90.

When Thurgood Marshall stepped down in 1991 at the age of 82, citing health reasons, the Supreme Court justice's answer was blunt: "What's wrong with me? I'm old. I'm getting old and falling apart."

One in 5 U.S. senators is 70 or older, and some have retired rather than seek new terms, such as Hawaii's Daniel Akaka, who left office in January at age 88.

The Netherlands' Queen Beatrix, who just turned 75, recently said she will pass the crown to a son and put the country "in the hands of a new generation."

In Germany, where the pope was born, Chancellor Angela Merkel, who is 58, said the pope's decision that he was no longer fit for the job "earns my very highest respect."

"In our time of ever-lengthening life, many people will be able to understand how the pope as well has to deal with the burdens of aging," she told reporters in Berlin.

Experts on aging agreed.

"People's mental capacities in their 80s and 90s aren't what they were in their 40s and 50s. Their short-term memory is often not as good, their ability to think quickly on their feet, to execute decisions is often not as good," Landefeld said. Change is tougher to handle with age, and leaders like popes and presidents face "extraordinary demands that would tax anybody's physical and mental stamina."

Dr. Barbara Messinger-Rapport, geriatrics chief at the Cleveland Clinic, noted that half of people 85 and older in developed countries have some dementia, usually Alzheimer's. Even without such a disease, "it takes longer to make decisions, it takes longer to learn new things," she said.

But that's far from universal, said Dr. Thomas Perls, an expert on aging at Boston University and director of the New England Centenarians Study.

"Usually a man who is entirely healthy in his early 80s has demonstrated his survival prowess" and can live much longer, he said. People of privilege have better odds because they have access to good food and health care, and tend to lead clean lives.

"Even in the 1500s and 1600s there were popes in their 80s. It's remarkable. That would be today's centenarians," Perls said.

Arizona Sen. John McCain turned 71 while running for president in 2007. Had he won, he would have been the oldest person elected to a first term as president. Ronald Reagan was days away from turning 70 when he started his first term as president in 1981; he won re-election in 1984. Vice President Joe Biden just turned 70.

In the U.S. Senate, where seniority is rewarded and revered, South Carolina's Strom Thurmond didn't retire until age 100 in 2002. Sen. Robert Byrd of West Virginia was the longest-serving senator when he died in office at 92 in 2010.

Now the oldest U.S. senator is 89-year-old Frank Lautenberg of New Jersey. The oldest congressman is Ralph Hall of Texas who turns 90 in May.

The legendary Alan Greenspan was about to turn 80 when he retired as chairman of the Federal Reserve in 2006; he still works as a consultant.

Elsewhere around the world, Cuba's Fidel Castro — one of the world's longest serving heads of state — stepped down in 2006 at age 79 due to an intestinal illness that nearly killed him, handing power to his younger brother Raul. But the island is an example of aged leaders pushing on well into their dotage. Raul Castro now is 81 and his two top lieutenants are also octogenarians. Later this month, he is expected to be named to a new, five-year term as president.

Other leaders who are still working:

—England's Queen Elizabeth, 86.

—Abdullah bin Abd al-Aziz al-Saud, king of Saudi Arabia, 88.

—Sabah al-Ahmad al-Jaber al-Sabah, emir of Kuwait, 83.

—Ruth Bader Ginsburg, U.S. Supreme Court associate justice, 79.

__

Associated Press writers Paul Haven in Havana, Cuba; David Rising in Berlin; Seth Borenstein, Mark Sherman and Matt Yancey in Washington, and researcher Judy Ausuebel in New York contributed to this report.

___

Marilynn Marchione can be followed at http://twitter.com/MMarchioneAP

Read More..

Wall Street edges up, Dow nears all-time high

NEW YORK (Reuters) - Stocks edged higher on Tuesday, putting the Dow within striking distance of all-time highs as investors looked ahead to President Barack Obama's State of the Union address, which is expected to focus on the economy.

Jobs and economic growth are seen as major themes of Obama's speech, scheduled to begin at 9 p.m. (0200 GMT Wednesday). Investors will also listen for any clues on a deal with Republicans to avert automatic spending cuts due to take effect March 1, including the tone of the speech.

The S&P 500 has risen for the past six weeks, putting it up 6.7 percent so far this year, while the Dow is about 1 percent away from its all-time intraday record of 14,198.10, reached in October 2007.

But gains have been harder to come by since the benchmark S&P index hit a five-year high on February 1. The market has had to consolidate strong gains at the year's start while investors search for reasons to drive stocks higher.

"We're likely to settle in for a period and digest the gains we've had, though there's still a bias towards positive momentum," said Eric Teal, chief investment officer at First Citizens Bancshares in Raleigh, North Carolina. "Questions over government spending are the big overhang, and we're looking for Obama to inspire some confidence over that tonight."

The White House has signaled Obama will urge investment in infrastructure and clean energy, suggesting companies in those sectors may be volatile in Wednesday's session.

"Gun makers could also see a reaction if Obama talks about anything with respect to gun control," said Teal, who helps oversee $5 billion. Shares of Smith & Wesson were flat at $9.13 while Sturm Ruger was up 0.5 percent at $53.96.

The Dow Jones industrial average <.dji> was up 58.06 points, or 0.42 percent, at 14,029.30. The Standard & Poor's 500 Index <.spx> was up 3.34 points, or 0.22 percent, at 1,520.35. The Nasdaq Composite Index <.ixic> was down 1.91 points, or 0.06 percent, at 3,190.09.

Housing shares were among the strongest of the day, led by a 14.4 percent jump in Masco Corp to $20.35 after the home improvement product maker said it expects new home construction to show strong growth in 2013. The PHLX housing sector index <.hgx> rose 4.3 percent.

Avon Products Inc surged 23 percent to $21.25 as the S&P 500's top percentage gainer after the cosmetics company reversed sales declines and cut costs.

On the downside, Coca-Cola Co fell 2.7 percent to $37.58 and were the biggest drag on the Dow after reporting revenue that was below estimates, hurt by a weaker-than-expected performance in Europe.

Goodyear Tire & Rubber shares slipped 0.4 percent to $13.86 after it posted a stronger-than-expected quarterly profit but cut its 2013 forecast due to weakness in the European automotive market.

Michael Kors Holdings shares jumped 10.8 percent to $63.18 after the fashion company handily beat Wall Street's estimates and raised its full-year outlook.

With earnings season starting to wind down, Thomson Reuters data through Tuesday morning shows of the 353 companies in the S&P 500 that have reported earnings, 70.3 percent have exceeded analysts' expectations, above a 62 percent average since 1994 and 65 percent over the past four quarters.

Fourth-quarter earnings for S&P 500 companies are estimated to have risen 5.3 percent, according to the data, above a 1.9 percent forecast at the start of the earnings season.

(Editing by Nick Zieminski)

Read More..

Politics in Bangladesh Jolted by Huge Protests

Andrew Biraj/Reuters

Plain clothes police officers arrest a  Jamaat-e-Islami activist. Clashes erupted after the Bangladeshi government rejected a request by Jamaat leaders to stage a counterprotest against the youth demonstrations.

NEW DELHI — Huge daily demonstrations in the heart of Dhaka, the capital of Bangladesh, are upending the nation’s politics and illustrating how heavily the country’s bloody past still weighs on its present. Thousands of protesters, most of them college students and other young people, demonstrated again on Tuesday, fueled by broad public anger over a recent ruling by the country’s special war crimes tribunal that they say was too lenient.

Though the protests have been peaceful, a gunfight erupted in another part of Dhaka on Tuesday when followers of Jamaat-e-Islami, the country’s largest Islamic political party, vandalized vehicles and clashed with the police. Earlier in the day, the Bangladeshi government had rejected a request by Jamaat leaders to stage a counterprotest against the youth demonstrations.

For more than two years, the Bangladeshi government has been prosecuting defendants accused of atrocities during the country’s 1971 war of independence from Pakistan. On Feb. 5, the special tribunal hearing the cases convicted Abdul Quader Mollah, 65, now a leader of the Jamaat party, on charges of rape and mass murder, and sentenced him to life in prison.

Within hours of the verdict, protesters gathered at Shahbagh, a major intersection in the center of the capital near Dhaka University. Their message was loud and clear: they thought the life sentence was too lenient, possibly the result of a political deal, and they demanded that Mr. Mollah be sentenced to death. Protesters waved torches and banners and chanted slogans like “Joy Bangla.”

“We were really surprised” at the large turnout the first day, said Imran H. Sarkar, one of the organizers. “But young people were very concerned.” Last weekend, the crowds swelled to 200,000 or more by some estimates.

Protests and strikes, common in Dhaka, are often coordinated and organized by political parties. But the Shahbagh protests, as the demonstrations over the verdict have come to be known, were organized by bloggers, and have attracted poets, artists, social activists and untold numbers of other citizens. Related protests are being held in other cities.

The protesters have directed their ire at Jamaat-e-Islami, which has been accused of opposing independence and collaborating with Pakistani forces during the 1971 war, charges the party has denied. At the Shahbagh protests, thousands of people pledged to boycott the Jamaat party and its related businesses, and a delegation of protest leaders presented the Bangladeshi Parliament with a list of demands, including that laws be changed so that Mr. Mollah’s life sentence can be appealed.

Political analysts in Bangladesh say the youth demonstrations reflect broad public disenchantment with the usual style of Bangladeshi politics. Debapriya Bhattacharya, a Bangladeshi economist and former United Nations diplomat, said that the demands for tough sentencing reflected a broader public desire for closure on the 1971 war, in which rapes and assaults of women were common and an estimated three million people were killed.

“There is a general understanding among the people that they want justice in the case,” said Mr. Bhattacharya, who is now a senior fellow at the Center for Policy Dialogue, a leading research institute in Dhaka. “And somehow, at the end of the day here, justice is about capital punishment.”

The protests, he said, are entwined with a rising patriotism among many young Bangladeshis, who are proud of their country’s progress, even as they often distrust the established political parties. “This is something different and something new,” Mr. Bhattacharya said of the protests. “This is the rise of a new social force that can change the political calculus in the country.”

The Awami League, the political party leading the national government, now faces political pressure from opposing directions. The Shahbagh protesters are complaining that the recent verdict is too lenient, while opposition parties, including the Jamaat party, have accused the government of manipulating the tribunal to ensure convictions of their leaders.

One justice has resigned from the tribunal over irregularities in its proceedings. Before its verdict on Feb. 5, Jamaat and other opposition parties staged huge protests against the tribunal’s proceedings; they sought to renew those protests on Tuesday but the government denied their request. Tensions are expected to remain high as the tribunal issues more verdicts in coming weeks.

The scattered violence on Tuesday occurred about a mile away from the Shahbagh protest site. Followers of Jamaat and members of the party’s youth wing were photographed smashing vehicles and clashing with security officers. Authorities say the Jamaat followers opened fire with machine guns and that the police responded with rubber bullets. Bangladeshi media reported that at least 10 people were injured by the rubber bullets, and that members of the Jamaat youth wing were seen firing weapons and throwing fire bombs.

Julfikar Ali Manik contributed reporting from Dhaka, Bangladesh.

Read More..

Fashion designers go digital to reach broadest audience

NEW YORK (Reuters) – Hundreds of fashion designers are showing their fall and winter 2013 collections at New York Fashion Week, but not all of them are on the runway.

The semi-annual event, which is followed by fashion weeks in London, Paris and Milan, includes up to 500 fashion shows around New York and attracts about 232,000 people, from buyers to foreign press and wealthy customers.

Top name designers at Mercedes Benz Fashion Week, which runs at Manhattan’s Lincoln Center through February 14, have been streaming their runway shows online for the past three or four years.

Now, many lesser-known names, up-and coming-fashion stars and established designers who want to reach a wider, younger audience are going digital.

“This season it is really prevalent,” said Stacy Roman of the New York fashion and publicity firm Factory PR. “There has definitely been an increase in this type of platform.”

In addition to reaching a wider audience, going digital lets designers give fashionistas a behind-the-scenes look at the show and presentations, taking them backstage and through make-up and even fittings.

It is also far less expensive than staging a runway show, which can run upwards of $ 100,000 depending on the venue, models, makeup artists, stylists and disc jockeys for the show.

THINKING OUTSIDE THE BOX

Rachel Roy, who launched her first collection in 2005 and has done presentations at Fashion Week, will feature her designs in a digital runway show to stream live on February 14.

“It just really seemed like the right thing to do,” said Roy, whose collection juxtaposes modern and antique looks with deep jewel tones and bright metallics, textured and smooth fabrics and light with dark colors.

“I always want to think outside the box, to do something that is new and fresh, and I think part of my job is to bring newness to fashion,” she said. “Part of doing that is showing to as many people that love fashion, that want it, making it accessible to them.”

Roy is building a full set for her digital show and will include backstage shots to let viewers experience all elements of the production.

Los Angeles-based Kelly Wearstler is also taking the digital route and will feature plenty of denim in a collection that will be displayed in her New York showroom and in a digital show with behind-the-scenes videos shot in her California studio.

“I am in the infancy stage of my fashion world, and I have a ton to learn, so I am baby-stepping it,” said Wearstler, who launched her fashion line 18 months ago but has been in interior design for more than 17 years and has a flagship store in Los Angeles.

The content will go out on several digital platforms including her blog , Twitter, the content sharing service Pinterest, the photo sharing and social networking services Instagram and Facebook, as well as fashion-focused websites such as Refinery29.com, racked.com, Style.com and Vine, Twitter’s new video sharing app for recording and sharing six-second clips.

“Right now I am happy where I am, learning and growing,” she added.

For 32-year-old Radhika Perera-Hernandez, who designs for her New York based-Lois London label, there was no question that online is the place to be.

“It is the smartest way for a start-up line to get their name out there. A lot of designers that are at the same level as myself are doing the same kind of thing,” she said.

Perera-Hernandez, who was born and raised in London, features kaftans, jumpsuits and swimwear in her collection.

“Anything that I am doing for the brand I will be pushing through my website and (the microblogging website) Tumblr and any of the other viral things that I have going on.”

(Editing by Ellen Wulfhorst and Nick Zieminski)

Internet News Headlines – Yahoo! News

Title Post: Fashion designers go digital to reach broadest audience
Url Post: http://www.news.fluser.com/fashion-designers-go-digital-to-reach-broadest-audience/
Link To Post : Fashion designers go digital to reach broadest audience
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

Ahmad Rashad Divorcing Sale Johnson

02/11/2013 at 03:45 PM EST

Sale Johnson and Ahmad Rashad

Charley Gallay/Getty

Ahmad Rashad and Sale Johnson are ending their marriage.

The sportscaster, 63, and Johnson, who wed in 2007, confirmed the news to PEOPLE in a joint statement on Monday.

"This process, while difficult, is and has always been amicable – despite erroneous press reports to the contrary – and we remain committed to jointly raising our daughter," they say. "We appreciate the respect of our privacy during this trying time."

This will be the fourth divorce for Rashad, while Johnson was previously married to Johnson & Johnson billionaire Woody Johnson. Rashad inherited three stepdaughters from his ex's former marriage, including the late Casey Johnson.

• Reporting by JENNIFER GARCIA

Read More..

Pope shows lifetime jobs aren't always for life

The pope's announcement that he will resign has taken many people by surprise, but experts on aging say perhaps it shouldn't.

They say that as people live longer, the physical and mental challenges of old age are catching up with more of those in positions of power. Many are choosing to step down instead of continuing in jobs traditionally held until death.

Justices appointed to the U.S. Supreme Court used to serve until death. But since 1955, 21 justices have retired and only one, Chief Justice William Rehnquist, died in office.

The Netherlands' Queen Beatrix just announced she would pass the crown to her son in April. And 20 percent of U.S. senators are now 70 or older.

Read More..

Wall Street ticks lower, investors seek new catalysts

NEW YORK (Reuters) - Stocks fell modestly on Monday as investors found few reasons to keep pushing shares higher following a six-weeks-long advance that has taken the S&P 500 index near record highs.

The benchmark index is up more than 6 percent so far this year after a steep rally in January that has stalled as the S&P and Dow industrials near multi-year highs.

"This is still a market that looks terrific, but when you're up for six weeks in a row, everyone is going to want to take a pause going into the seventh week even if there is no bad news out there," said Eric Kuby, chief investment officer at North Star Investment Management in Chicago.

The S&P 500 would need to rise 3.9 percent to reach its all-time intraday high of 1,576.09, which was hit in October 2007.

Google Inc shares fell 1 percent at $777.67 after the company said in a filing former chief executive Eric Schmidt is selling roughly 42 percent of his stake in the Internet search giant, a move that could potentially net him $2.51 billion.

But the decline was offset by gains in Apple , up 1.4 percent at $481.73 after a New York Times report that the iPhone maker is experimenting with the design of a device similar to a wristwatch.

The Federal Reserve's Vice Chair Janet Yellen, seen as a potential successor to Fed Chairman Ben Bernanke next year, said the Fed is still aggressively stimulating an anemic U.S. economic recovery that has failed to bring rapid progress on employment.

The Dow Jones industrial average <.dji> was down 31.05 points, or 0.22 percent, at 13,961.92. The Standard & Poor's 500 Index <.spx> was down 1.80 points, or 0.12 percent, at 1,516.13. The Nasdaq Composite Index <.ixic> was down 5.25 points, or 0.16 percent, at 3,188.62.

Upbeat U.S. and Chinese data last week helped the S&P 500 extend its weekly winning streak to six. The index gained about 8 percent over that period.

Equities have been strong performers lately, rising 6.3 percent so far this year. Many investors have used any declines in the market as opportunities to buy.

"Everyone wants to buy on a dip in this market, but if you're on the sidelines right now, the decline we're seeing today just isn't the kind you would jump in on," Kuby said.

President Barack Obama will describe his plan for spurring the economy in his State of the Union address on Tuesday. He is expected to offer proposals for investment in infrastructure, manufacturing, clean energy and education.

Opposition has grown to the $24.4 billion buyout of Dell Inc , the No. 3 personal computer maker, as three of the largest investors joined Southeastern Asset Management on Friday in raising objections. Dell said in a regulatory filing it had considered many strategic options before opting to go private in a buyout led by Chief Executive Michael Dell.

Dell shares hovered near $13.65, the buyout offer price.

Regeneron Pharmaceuticals Inc shares rose 1.6 percent at $168.72 after it said longtime drug development partner Sanofi plans to boost its stake.

Moody's Corp was one of the strongest percentage gainers on the S&P 500, rising 3.9 percent to $45.06. Last week the stock plunged 22 percent after the U.S. government launched a civil lawsuit against the company. The sell-off marked the stock's worst week since October 2008.

(Editing by Nick Zieminski)

Read More..