Taylor Swift's new album Red -- and her love affairs -- garnered lots of headlines this year, but behind the scenes, she gave so much of her time and money to charity that she's been named the number one "Celeb Gone Good" by DoSomething.org, an organization that connects teens with social change and that highlights charitable celebrity role models throughout the year.
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CAIRO (Reuters) - Egypt will announce on Tuesday the official results of a vote on its new constitution, the head of the elections committee told state media on Monday, a step which paves the way for the formation of a new parliament in about two months.
The creation of a new constitution is a vital step in Egypt's transition to democracy almost two years after the fall of military-backed strongman Hosni Mubarak.
But the opposition says the text, crafted mostly by President Mohamed Mursi's Islamist allies, fails to guarantee personal freedom and the rights of women and minorities. It says it will lead to more trouble in the most populous Arab nation.
Unofficial tallies from the Muslim Brotherhood - which catapulted Mursi into the presidency this year - indicated that 64 percent had approved the charter. An opposition tally had a similar result.
"The Supreme Elections Committee will announce on Tuesday at 7 P.M. (17:00 GMT) the results of the referendum on the new constitution," judge Samir Abu el-Matti told state radio and TV late on Monday.
Matti also said that the committee, which is led by judges, had spent the last two days investigating opposition and rights' groups accusations of voting fraud.
Mursi's critics said the vote, conducted in two stages in a process that ended on Saturday, had been marred by a litany of irregularities, and have demanded a full inquiry.
The opposition, a loose alliance of socialists, liberal-minded Muslims and Christians, have also noted that less than a third of those eligible turned out to vote, undermining the legitimacy of the new constitution.
ELECTION LOOMS
If the "yes" vote is confirmed, a parliamentary election will follow in about two months, setting the stage for Islamists to renew their battle with more secular-minded opponents.
Opposition politician Mohamed ElBaradei, a Nobel peace prize winner, urged Mursi to form an all-inclusive government together with the liberal camp in order to patch up divisions and steer Egypt out of trouble in a democratic way.
"I am ready to join hands with President Mursi on condition that he forms a national (unity) government and speaks as president for all Egyptians," he told the daily Al-Shorouk.
ElBaradei, the former head of the U.N. nuclear agency, said a new assembly should rewrite the draft - a call unlikely to be heeded by Mursi, who is keen to push it through quickly.
By forcing the pace on the constitution, Mursi risks squandering the opportunity to build consensus for the austerity measures desperately needed to kick-start a the ailing economy, economists say.
Highlighting investor concerns, Standard and Poor's cut Egypt's long-term credit rating and said another cut was possible if political turbulence worsened.
Responding to what it said were market rumours, the central bank said it was taking steps to safeguard bank deposits.
Some Egyptians say they have withdrawn their funds from banks out of concern that they will be frozen by authorities.
LEGISLATIVE POWERS
Under the new constitution, legislative powers that have been temporarily held by Mursi move to the Islamist-dominated upper house of parliament until a new lower house is elected.
The make-up of the Supreme Constitutional Court, which Islamists say is filled with Mubarak-era appointees bent on throwing up legal challenges to Mursi's rule, will also change as its membership is cut to 11 from 18.
Those expected to leave include Tahani al-Gebali, who has described Mursi as an "illegitimate president".
The low turnout in voting on the constitution has prompted some newspapers to question how much support the charter really had, with opponents saying Mursi lost the vote in much of the capital.
"The referendum battle has ended, and the war over the constitution's legitimacy has begun," said newspaper Al-Shorouk, while a headline in Al-Masry Al-Youm read: "Constitution of the minority".
The head of the Muslim Brotherhood's Freedom and Justice Party, Saad al-Katatni, wrote on Facebook that the group's members were "extending our hands to all political parties and all national forces", adding: "We will all start a new page."
But the opposition National Salvation Front say the new constitution only deepens a rift between the liberals and Islamists who combined to overthrow Mubarak, and that they will keep challenging it through protests and other democratic means.
"We do not consider this constitution legitimate," liberal politician Amr Hamzawy said on Sunday, arguing that it violated personal freedoms.
The run-up to the referendum was marred by protests triggered by Mursi's decision to award himself broad powers on November 22. At least ten people were killed in clashes in Cairo and violence also flared in Egypt's second city, Alexandria.
Source: http://news.yahoo.com/egypt-announce-result-constitution-vote-tuesday-082828522.html
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Stocks ended in negative territory in a quiet, shortened trading session Monday, extending declines from the previous session, amid ongoing worries over the looming "fiscal cliff."?
Markets will be closed on Tuesday for Christmas day.?
The Dow Jones Industrial Average ended lower, led by Microsoft and Hewlett-Packard.?
The S&P 500 and the Nasdaq also finished in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded above 18.
Among key S&P sectors, energy and utilities closed lower, while materials finished higher.?
"I think it's amazing how well the market's held up," said Hank Smith, chief investment officer at the Haverford Trust. "Use any type of correction of pullback as an opportunity to buy because this is not about fundamentals?this is strictly about politics and political ineptitude and it will be very passing and it will not have long-term implications." (Read More: Hunting for Yield? Here's One Place You Can Look)
With just four more trading days left in 2012, ongoing worries over the "fiscal cliff"?$600 billion in tax hikes and automatic spending cuts that kick in on January 1?kept investors on edge. With the House of Representatives and the Senate on their Christmas break and President Obama celebrating the Christmas holiday in Hawaii, talks will likely only resume after December 25.
"With no Plan B and the gulf between the parties as wide as ever, there is little to cheer this holiday season. The optimism that had seen the market rally strongly over the last few weeks is diminishing rapidly amid signs that a deal is as far away as ever," said Rebecca O'Keeffe, head of investment at Interactive Investor. (Read More: Lawmakers: We're Likely to Go Over the 'Fiscal Cliff')
Still, the S&P 500 is on track for its best yearly performance since 2009 with a gain of 13.7 percent year-to-date.
Microsoft slipped after the New York Times reported that sales of the tech giant's new Windows 8 operating system had disappointed PC makers as well as analysts.
JCPenney rose after Oppenheimer said the retailer's promotions are showing evidence of success. The brokerage has an "outperform" rating on the stock and a $30 price target. Still, shares of the company is down more than 40 percent year to date.?
Facebook gained after Needham raised its price target on the social-networking giant to $33 from $25.?
Research In Motion declined after Exane BNP Paribas cut its target price on the BlackBerry maker to $5.50 from $8.30.?
Herbalife fell for the ninth-straight session after the company said it expects to exceed its previously-announced buyback authorization guidance.?
European shares were range-bound with light volumes in a truncated day of trading. Major markets such as Germany, Switzerland and Italy were closed.?
Coming Up This Week:
Source: http://www.nbcnews.com/business/stocks-end-lower-shortened-session-cliff-woes-weigh-1C7657753
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HARARE, Zimbabwe (AP) ? Zimbabweans are facing bleak holidays this year amid rising poverty, food and cash shortages and political uncertainty, with some describing it as the worst since the formation of the coalition government in the southern African nation.
President Robert Mugabe, in a four-year-old coalition with former opposition leader Prime Minister Morgan Tsvangirai, announced an extra public holiday Monday which has created chaos for holiday shoppers and travelers. Banks have closed, ATMs have run out of cash and transport services have been paralyzed.
This caps a year of political uncertainty, a deadlock in constitutional reforms and calls for elections in coming months, seen as critical for Mugabe, 88, who has ruled since independence from Britain in 1980.
In 2008, Mugabe's party was accused of vote-rigging and blamed for the worst election violence since independence. As the election tempo quickens, political intimidation has resurfaced, according to independent human rights groups.
Zimbabwe's unemployment is pegged at around 80 percent with many people in Harare, the capital, eking out a living by selling vegetables and fruits on street corners.
Matthew Kapirima, 60, waits outside a busy supermarket for customers to buy his boxes of weather-beaten peaches and litchis for $10 each.
But holiday shoppers go about their business without even giving him a second glance.
Kapirima has not sold any fruit in days and with a day left before Christmas, he said has to concede that he won't be able to provide his family with food and new clothes this year.
"This is the worst Christmas ever," Kapirima told The Associated Press.
Kapirima has four wives and 25 children living in the rural areas, but all he has managed to get them this Christmas is a 40-kilogram (88 pound) bag of maize seed to plant on his small-sized family plot in Mudzi.
He said he can't travel to his rural home because transport operators are taking advantage of the holiday rush to charge exorbitant fares.
"I have to forget about going there and continue working for school fees for January," he said.
Christmas in Zimbabwe is also the hunger season ? the time between harvests from September to March ? for most of the nation's impoverished rural population who depend on food handouts.
Kapirima's family joins the 1 million Zimbabweans who live in drought-prone areas who have received food handouts for Christmas this year from the United Nations.
Food shortages are "worse" this year compared to the last three years due to drought and constrained access to cash to buy seed and fertilizer for rural farmers, said World Food Program Zimbabwe country director Felix Bamezon.
Bamezon said the Zimbabwe government for the first time has assisted by providing grain to give to starving communities in rural areas.
"This is good because they don't interfere to tell us which people to give the food to," he said.
The World Food Program has been donating hampers of 10 kilograms (22 pounds) of cereal, vegetable oil and mixed beans to each person in qualifying households every month since September.
For those who live in areas where there are grain traders, WFP gives out $3 per person in a household to buy the grain from traders instead of the food hampers.
An average household has five people, making it $15 for a family to spend for Christmas.
Bamezon also said their organization helps vulnerable communities by engaging them in "food for work" projects where people work to get food during the time they are not provided food assistance.
Rural communities have come up with coping mechanisms such as cutting down the number of meals a day from three to one and selling their prized livestock, furniture and household goods. Bamezon said he had heard reports that some young girls are given away to elderly men for early marriages.
The U.N.'s childrens agency, UNICEF, has in previous research this year noted that girls and young women have been pressured by destitute families to solicit as prostitutes in bars and shopping areas.
In the troubled economy, money is not trickling down from the nation's urban elite, who own luxury cars and mansions, to the urban and rural poor.
"Life is getting harder in this country," said fruit vendor Kaparima. "There is nothing to celebrate this Christmas."
Source: http://news.yahoo.com/zimbabweans-brace-bleak-holidays-144242360.html
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