Fox Sports seeks halt to Dodgers media rights sale

DOVER, Del.?? A bankruptcy judge on Thursday blasted Fox Sports for claiming that the Los Angeles Dodgers' plan to sell media rights to future games is intended to enrich team owner Frank McCourt after Fox negotiated a failed deal that would have left McCourt with hundreds of millions of dollars.

Judge Kevin Gross took Fox to task in a formal opinion authorizing the Dodgers to begin the media rights marketing process as part of the team's plan to emerge from bankruptcy.

The Dodgers sought bankruptcy protection in June after baseball Commissioner Bud Selig rejected a new TV deal with Fox that McCourt was counting on to keep the franchise solvent.

Fox is now challenging the team's plan to sell media rights to games starting in 2014, saying the sale process violates Fox's exclusive rights under its existing contract with the Dodgers.

Gross pointed out that in the deal rejected by Selig, Fox was willing to advance more than $300 million to McCourt with no restrictions. He noted the irony in Fox now arguing that the media rights sale is unnecessary and alleging that it is timed to help McCourt meet an April 30 deadline to pay his ex-wife, Jamie, $131 million as part of their divorce settlement.

"Now, when Fox faces changes to the rights amendment, Fox raises arguments about what is in the debtors' best interests," the judge wrote. "Fox is not a credible party to raise such issues."

But Fox is pressing its challenge, filing an appeal in federal district court in Delaware seeking to overturn Gross' ruling.

Fox Sports is asking the district court judge to immediately halt the implementation of Gross' order while he considers Fox's appeal. The district judge has scheduled a teleconference with attorneys Friday to discuss the appeal.

The plan to sell media rights is a key component of a settlement between the Dodgers and Major League Baseball that also calls for McCourt to sell the team.

The Dodgers' plan calls for initial bids by Jan. 13 and completion of the sale by April 30.

Fox argues that the sale process violates its exclusive rights under the existing contract, which gives Fox an exclusive 45-day period starting in October 2012 to negotiate a contract extension with the Dodgers.

But the Dodgers say a media rights sale now in conjunction with selling the team itself is the best way to maximize value for creditors and emerge from bankruptcy.

In his ruling, Gross agreed with the Dodgers that Fox will maintain many of the same rights under the proposed sale process as it has under its existing contract, including the exclusive negotiating period. The judge said the only changes to the rights agreement with Fox were moving up the exclusive negotiating period by about 10 months, and a requirement that any deal between the Dodgers and Fox be approved not just by MLB, as in the contract, but any buyer of the team as well.

Gross said Fox will have the opportunity later to argue that it is entitled to damages for breach of contract, and the Dodgers will be able to decide whether those damages, if any, make a media rights deal with someone else economically unwise.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://www.msnbc.msn.com/id/45687305/ns/business-us_business/

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A look at economic developments around the globe (AP)

A look at economic developments and activity in major stock markets around the world Tuesday:

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BERLIN ? Plans by France and Germany to save the euro through closer European unity faced a serious challenge from Britain, as deep divisions emerged between the 17 EU nations that use the euro and the 10 others that don't.

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ATHENS, Greece ? Greece's lawmakers were set to pass next year's austerity budget, extending tough spending cuts that have already left Greeks struggling as the country tries to slash its debts and pull itself out of a severe recession.

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LONDON ? Global markets were muted after a rating agency warned it could downgrade the debt of most eurozone countries, raising pressure on European leaders to find a lasting solution to their crisis this week.

In Germany, the DAX stock index dropped 0.9 percent, while France's CAC-40 lost 0.2 percent. The FTSE index of leading U.K. shares rose 0.3 percent.

___

TOKYO ? In Asia, Japan's Nikkei 225 dropped 1.4 percent. South Korea's Kospi fell 1 percent and Hong Kong's Hang Seng lost 1.2 percent. Australia's S&P/ASX 200 fell 1.4 percent.

___

ROME ? Premier Mario Monti urged lawmakers to accept his financial rescue package, including new and higher taxes, saying Italy had risked running out of money to pay state salaries and pensions.

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BERLIN ? Industrial orders in Germany rebounded sharply in October, helped by a strong increase in demand from the eurozone and other foreign countries.

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TORONTO ? Canada's central bank left its key interest rate unchanged and suggested it won't cut rates soon despite predicting that a recession in Europe will be more pronounced than previously thought.

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SYDNEY ? Australia's central bank cut its benchmark interest rate by a quarter percentage point, the second such move in as many months, as concern mounts over the global economy.

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BRASILIA, Brazil ? Brazil's government says economic growth in Latin America's biggest country stalled in the third quarter.

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WARSAW, Poland ? Polish leaders have unveiled a 2012 budget that lowers earlier predictions of economic growth ? an acknowledgment that Europe's debt crisis is impacting the country.

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KABUL, Afghanistan ? Afghanistan opened bids on billions of dollars' worth of copper and gold deposits in four areas of the country that together are roughly half the size of the Grand Canyon.

___

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/ap/20111206/ap_on_bi_ge/us_economy_countries_glance

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New Latin American body raps Britain, United States (Reuters)

CARACAS (Reuters) ? A new Latin American and Caribbean organization backed Argentina's claim to sovereignty over the British-ruled Falkland Islands and slammed U.S. sanctions on Cuba at Saturday's end of a two-day summit.

But the 33-member Community of Latin American and Caribbean States, or CELAC, drew short of any more overt anti-Western rhetoric as some had feared at a meeting hosted by the avowedly "anti-imperialist" Venezuelan leader, Hugo Chavez.

Rather, its 22 final declarations ranged wordily but mildly over the need to combat global ills like price speculation, drugs, terrorism, nuclear arms and cruelty to migrants.

"I don't think we're exaggerating if we call it a historic day," said Chavez, 57, for whom the summit achieved two aims: setting up a regional body without the United States, and allowing him to showcase his recovery from cancer treatment.

"United in our differences, we must demand respect," Chavez told the assembly. "No more interference, we've had enough."

Chavez and other left-wing leaders like Raul Castro of Cuba, Daniel Ortega of Nicaragua, Evo Morales of Bolivia and Rafael Correa of Ecuador say the hemisphere-wide Organization of American States is too eager to please Washington.

But conservative-led nations like Colombia, Chile and Mexico have clearly ensured the CELAC does not become a mouthpiece for them, with the final declarations relatively mild and next year's meeting set for Santiago, Chile.

Although they will raise eyebrows in Washington and London, the communiques over the Falklands - or Malvinas islands as they are known in Argentina - and the U.S. embargo on Cuba were fairly standard positions around the region.

The final declaration backed Argentina's "legitimate rights" and urged Britain to resume negotiations.

"The Argentine government has shown a permanently constructive attitude and willingness to reach, via negotiations, a peaceful and definitive solution to this anachronistic, colonial situation on American soil."

Almost 30 years after the countries fought a 10-week war over the South Atlantic islands, the archipelago remains an emotional national symbol for many in Argentina.

2012 VOTE

On Cuba, CELAC, whose countries have nearly 600 million people and annual gross domestic product of about $6 trillion, urged Washington to respect U.N. votes and lift trade sanctions in place for decades against the communist government.

Chavez, who had cancer surgery in June, relished his biggest moment on the international stage since then. He presided over lengthy sessions and speeches, frequently intervening to add his own anecdotes and opinions.

But he looked noticeably more tired on the second day.

He plans to run for re-election in 2012, and his opponents used the summit to mount some protests in an attempt to embarrass him in front of his Latin American counterparts.

Activists beat pots and pans around the city on Saturday night in a traditional "cacerolazo" demonstration. Some banners were also briefly unfurled over roads saying "Welcome to Crime City" - before police removed them.

"You should not ignore that your host, Commander Hugo Chavez Frias runs a government that systematically violates the democratic principles that most of you promote and represent in your respective countries," opposition presidential aspirant Pablo Medina said in an open letter.

Supporters from Venezuelan slum-dwellers to foreign left-wing intellectuals say Chavez has done what no other president here has even attempted - put the OPEC nation's vast oil wealth at the service of the poor.

Critics counter that he has squandered Venezuela's wealth, notably by giving cheap oil to allies like Cuba, and has also behaved like a dictator in packing courts and other institutions with supporters, and harassing opponents.

Chavez's health is the great unknown in the October 7, 2012 election, when the opposition believes it has the best chance of unseating him since he took power in 1999.

Chavez says he is cured after four chemotherapy sessions, though cancer specialists say it is too early to make such a call. Privately, some government officials admit there is great concern about the secrecy surrounding his health.

(Additional reporting by Eyanir Chinea, Deisy Buitrago, Mario Naranjo, Enrique Pretel, Diego Ore, Girish Gupta; editing by Todd Eastham)

Source: http://us.rd.yahoo.com/dailynews/rss/latam/*http%3A//news.yahoo.com/s/nm/20111203/ts_nm/us_latam_summit

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[OOC] Just a Kiss Goodnight

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Why Atheists Celebrate Christmas (LiveScience.com)

They may not find much meaning in the birth of Jesus Christ, but many atheists embrace religious traditions such as churchgoing for the sake of the children, a new study finds.

The research, which focused on atheist scientists, found that 17 percent of atheists in the study attended a religious service more than once a year. The atheists embraced religious traditions for social and personal reasons, they told the study researchers.

"Our research shows just how tightly linked religion and family are in U.S. society ? so much so that even some of society's least religious people find religion to be important in their private lives," Rice University sociologist Elaine Howard Ecklund, the study's principal investigator, said in a statement. Ecklund and her colleagues reported their findings in the December issue of the?Journal for the Scientific Study of Religion.

Earlier research by Ecklund has revealed that the line between believing and not believing in God is not always bright. For example, in research released in June 2011 in the journal Sociology of Religion, Ecklund and her colleagues found that about 20 percent of atheist scientists are "spiritual," if not formally religious.

In the current study, the researchers chose a sample of 275 participants pulled from a larger survey of 2,198 science faculty at 21 elite U.S. research universities. Half of the original survey sample said they were religious, while the other half were not. [Infographic: The World's Top Religions]

The atheist parents surveyed had multiple reasons for attending religious services in the absence of religious belief. Some said their spouse or partner was religious, and encouraged them to go to services as well. Others said they enjoyed the community that attending a church, mosque, temple or other religious institution can bring.

Perhaps most interesting, Ecklund said, was that many atheist scientists take their children to religious services so that the kids can make up their own mind about God and spirituality.

"We thought that these individuals might be less inclined to introduce their children to religious traditions, but we found the exact opposite to be true," Ecklund said. "They want their children to have choices, and it is more consistent with their science identity to expose their children to all sources of knowledge."

For example, one study participant raised in a strongly Catholic home said he later came to believe that science and religion were not compatible. But rather than passing that belief onto his daughter, he said, he wanted to pass on the ability to make her own decisions in a thoughtful way. So he exposes his daughter to a variety of religious choices, including Christianity, Islam and Buddhism.

"I ? don't indoctrinate her that she should believe in God," the study participant said. "I don't indoctrinate her into not believing in God."

You can follow LiveScience?senior writer Stephanie Pappas on Twitter @sipappas. Follow LiveScience for the latest in science news and discoveries on Twitter @livescience?and on Facebook.

Source: http://us.rd.yahoo.com/dailynews/rss/parenting/*http%3A//news.yahoo.com/s/livescience/20111205/sc_livescience/whyatheistscelebratechristmas

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Now Every UAV in the US Arsenal Can Be a Hunter-Killer [Monster Machines]

Each Predator drone in the US arsenal costs between $4.5 and 10 million which puts them out of the reach of most forward-operating battalions who normally get stuck with smaller, unarmed UAVs. This new guided munitions from Raytheon is about to make those little fliers way more deadly. More »

Source: http://feeds.gawker.com/~r/gizmodo/full/~3/EX1GxU1C2dw/now-every-uav-in-the-us-arsenal-is-a-hunter+killer

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Bend Families Pose With Pets -- And Santa - News Story - KTVZ Bend

By Homa Quazilbash, KTVZ.COM

POSTED: 4:06 pm PST December 2, 2011UPDATED: 5:43 pm PST December 2, 2011BEND, Ore. -- Cats, dogs, kids and Santa were getting into the holiday spirit all day Friday, kicking off the 19th Annual Santa Paws fund-raiser.It benefits the 4,000 animals that comes through the Humane Society of Central Oregon each year, while giving families a chance to pose for unique holiday photos with their pets.The idea for this year's location and expanded offering arose because Seven Peaks School is doing a winter holiday play this year where the main characters are dogs and cats.So they decided to make it a school project and team up with the shelter -- and organizers say it's definitely a win-win."In this situation, it gives kids a chance to help with what they love so much, which are dogs and cats," said volunteer Rebecca Meade. "And with Santa Paws and the holidays, kids love to get involved with this kind of project -- especially when Santa is around.""I think its good because it'll always bring a smile to your face," said fifth-grader Sophia BriereyYou can still pose with your furry friend.Santa Paws runs again Saturday from 10 a.m. to 3 p.m. at Seven Peaks School off Mt. Washington Dr. in Bend.Rumor has it some snakes and ferret pets may even come through then.It's just $10 for a 5x7 photo, and again, it all benefits the Humane Society.

Copyright 2011 KTVZ. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Source: http://www.ktvz.com/news/29911157/detail.html

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