Shares hit 20-month high as Japan promises open-ended easing

LONDON (Reuters) - World shares hit a new 20-month high on Tuesday after Japan's central bank promised to pump unlimited stimulus into the country's economy to fight the threat of deflation and generate growth.

The Bank of Japan, which has been under intense political pressure to overcome deflation, hiked its inflation target to 2 percent and said that from 2014 it would adopt an open-ended commitment to buy assets.

The move surprised markets, which had expected another incremental increase in its 101 trillion yen ($1.12 trillion) asset-buying and lending program, though the delay until the easing measures kick in dulled the impact and saw the yen edge higher against the dollar.

"From 2014 onwards it's positive ... (but) from now until then, they are not doing anything more aggressive to weaken the yen," said Roy Teo, an FX strategist for ABN Amro.

Equity markets, particularly in Japan, have risen strongly in the run up to Tuesday's meeting, and the confirmation of the plans was enough to lift the MSCI world index <.miwd00000pus> 0.15 percent to a fresh 20-month high of 352.54.

European shares, which have been testing two-year highs in recent days, saw a more subdued start as investors awaited a cue from U.S. corporate earnings figures later in the day.

London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> opened between flat and down 0.1 percent, leaving the FTSEurofirst 300 <.fteu3> down 0.1 percent.

Brent crude rose 0.3 percent to $112.07 a barrel, and gold was up 0.2 percent as the BOJ's latest easing action added to recent positive data from the United States and China, while growing confidence in the strength of China's economic recovery pushed London copper up 0.7 percent to $8,111.75 a metric ton.

General market sentiment was also supported by signs of a compromise to avert a U.S. fiscal crisis.

Republican leaders in the U.S. House of Representatives have scheduled a vote on Wednesday on a nearly four-month extension of U.S. borrowing capacity, aimed at avoiding a fight over the looming federal debt ceiling.

In the European bond market, Bund futures were steady as investors eyed a new 10-year Spanish bond and waited on the ZEW investor sentiment index due at 1000 GMT for the latest gauge on the health of the euro zone's largest economy, Germany.

(Reporting by Marc Jones; Editing by Will Waterman)

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India Ink: Will Tourism in India Be Affected by Delhi Gang Rape?

For the prospective traveler, India conjures up several images: the iconic Taj Mahal, the snow-covered peaks of the Himalayas, the bustling chaos of crowded cities, the gorgeous architecture of the temples of south India.

But these enchanting scenes might be overshadowed by another picture of India, one that is far grimmer.

While India attempts to enhance its image in the eyes of foreign tourists, a high-profile rape case in Delhi has raised concerns about the safety of female travelers to the country. On Dec.16, a 23-year-old woman was gang-raped and beaten on a moving bus by six people, while her male companion was brutally attacked. The crime and the woman’s subsequent death garnered international attention.

The media scrutiny comes after a solid year for Indian tourism. A year-end review by India’s Department of Tourism found that during the period January to November 2012 India saw approximately 5.9 million foreign tourists, an increase of about 6 percent from the same period in the previous year.

In 2012, the department introduced a number of initiatives aimed at improving the image of the country overseas. An ongoing advertising campaign called “Incredible India” has made its way to billboards across the world, in an attempt to create awareness and boost tourism in India.

In the days following the attack, while thousands poured out onto the streets of New Delhi to protest the rape, the embassies of the United States and Britain issued advisories advising their citizens to avoid parts of New Delhi. An advisory issued by the United States on Dec. 22 told American citizens to avoid the areas near India Gate and Rashtrapati Bhavan on Raisina Hill, where large demonstrations were being held to protest the government’s inaction on crimes against women. The notice further advised citizens to stay tuned to local newspapers for the latest news and warned that “demonstrations intended to be peaceful can turn violent.”

Officials in India greeted the advisories with disdain. Indian politicians from across party lines issued statements saying that they felt that the warnings were uncalled for. At the event to introduce the “Incredible India” calendar, the tourism secretary, Parvez Dewan, said that the travel advisories issued by the United States and the United Kingdom had not affected the flow of foreign tourists to the country.

“So far there has been no adverse impact on tourism. Since the advisory not a single cancellation of booking has taken place, according to tour operators,” he said.

Tour operators say that while some prospective visitors have raised concerns, there have not been any cancellations. “Some tourists have e-mailed in asking whether it would be safe to travel, but no one has said that they have changed their mind about traveling to India,” said Gour Kanjilal, the executive director of the Indian Association of Tour Operators. “A heinous act took place, and people have protested peacefully as is expected in a democracy.”

Parikshat Laxminarayan, managing director and co-founder of the tour agency Enchanting India, said his company had not received any cancellations over safety concerns. “We believe that India is still among the safest countries in the world for men and women and especially for travelers,” he said.

However, travel agencies routinely recommend specific safety measures for female tourists in India. Mr. Kanjilal said that tour operators always recommend that female travelers exercise vigilance and visit tourist spots within certain hours.

Arun Varma, the chief executive at Prime Travels, said that following the Delhi gang rape he had received some queries about safety from clients in the United States and Europe. “We issue, as part of our standard operating procedures, an advisory to clients not to have ladies travel alone late nights or venture out to areas that are not part of the itinerary unless accompanied by a male friend or a local trustworthy contact,” he said.

For some tourists, the recent events have only reaffirmed concerns about their safety in India. Alyse Andalman, a 26-year-old from Chicago, was en route to India to attend a wedding when she heard about the rape case. While she did not consider canceling her trip, she recalled being frightened by the reports of the case.

“Even Indian friends of mine warned me that, as a single female, there were certain things I should steer clear of due to safety concerns,” she said. “I had my guard up before I left, and this story verifies that I was justified in that regard.”

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It's a Boy for American Idol's Danny Gokey

Mom & Babies
Celebrity Baby Blog

01/21/2013 at 12:00 AM ET

Courtesy Danny Gokey

Now he’s got a little Idol of his own!

American Idol season eight finalist Danny Gokey and his wife Leyicet welcomed their first child, son Daniel Emanuel Gokey, on Sunday, Jan. 20, PEOPLE confirms exclusively.

Weighing in at 8 lbs. 11 oz., Daniel arrived at 9:52 p.m. EST on his due date.

“Leyicet and I are overjoyed to welcome the new member of our family. I’m ecstatic to be a first time dad and to have a new little buddy to hang out with,” Gokey tells PEOPLE.

“Thankfully, because of what I do, it will also allow me the flexibility to spend a lot of quality time with him. I have so many exciting projects ahead this year but a brand new baby is an amazing way to get the new year started. We feel really blessed!”

The timing for their newborn couldn’t be better. Almost exactly one year ago, Gokey, 32, and his model wife, 26, tied the knot in a low-key affair in Florida on January 29. Six months later, they shared the happy news of their pregnancy.

This is the second marriage for Gokey, who tragically lost his first wife Sophia in 2008 after a routine surgery for congenital heart disease. Gokey now runs the Sophia’s Heart Foundation, which helps homeless families, in her honor.

– Kevin O’Donnell

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Flu season fuels debate over paid sick time laws

NEW YORK (AP) — Sniffling, groggy and afraid she had caught the flu, Diana Zavala dragged herself in to work anyway for a day she felt she couldn't afford to miss.

A school speech therapist who works as an independent contractor, she doesn't have paid sick days. So the mother of two reported to work and hoped for the best — and was aching, shivering and coughing by the end of the day. She stayed home the next day, then loaded up on medicine and returned to work.

"It's a balancing act" between physical health and financial well-being, she said.

An unusually early and vigorous flu season is drawing attention to a cause that has scored victories but also hit roadblocks in recent years: mandatory paid sick leave for a third of civilian workers — more than 40 million people — who don't have it.

Supporters and opponents are particularly watching New York City, where lawmakers are weighing a sick leave proposal amid a competitive mayoral race.

Pointing to a flu outbreak that the governor has called a public health emergency, dozens of doctors, nurses, lawmakers and activists — some in surgical masks — rallied Friday on the City Hall steps to call for passage of the measure, which has awaited a City Council vote for nearly three years. Two likely mayoral contenders have also pressed the point.

The flu spike is making people more aware of the argument for sick pay, said Ellen Bravo, executive director of Family Values at Work, which promotes paid sick time initiatives around the country. "There's people who say, 'OK, I get it — you don't want your server coughing on your food,'" she said.

Advocates have cast paid sick time as both a workforce issue akin to parental leave and "living wage" laws, and a public health priority.

But to some business owners, paid sick leave is an impractical and unfair burden for small operations. Critics also say the timing is bad, given the choppy economy and the hardships inflicted by Superstorm Sandy.

Michael Sinensky, an owner of seven bars and restaurants around the city, was against the sick time proposal before Sandy. And after the storm shut down four of his restaurants for days or weeks, costing hundreds of thousands of dollars that his insurers have yet to pay, "we're in survival mode."

"We're at the point, right now, where we cannot afford additional social initiatives," said Sinensky, whose roughly 500 employees switch shifts if they can't work, an arrangement that some restaurateurs say benefits workers because paid sick time wouldn't include tips.

Employees without sick days are more likely to go to work with a contagious illness, send an ill child to school or day care and use hospital emergency rooms for care, according to a 2010 survey by the University of Chicago's National Opinion Research Center. A 2011 study in the American Journal of Public Health estimated that a lack of sick time helped spread 5 million cases of flu-like illness during the 2009 swine flu outbreak.

To be sure, many employees entitled to sick time go to work ill anyway, out of dedication or at least a desire to project it. But the work-through-it ethic is shifting somewhat amid growing awareness about spreading sickness.

"Right now, where companies' incentives lie is butting right up against this concern over people coming into the workplace, infecting others and bringing productivity of a whole company down," said John A. Challenger, CEO of employer consulting firm Challenger, Gray & Christmas.

Paid sick day requirements are often popular in polls, but only four places have them: San Francisco, Seattle, Washington, D.C., and the state of Connecticut. The specific provisions vary.

Milwaukee voters approved a sick time requirement in 2008, but the state Legislature passed a law blocking it. Philadelphia's mayor vetoed a sick leave measure in 2011; lawmakers have since instituted a sick time requirement for businesses with city contracts. Voters rejected a paid sick day measure in Denver in 2011.

In New York, City Councilwoman Gale Brewer's proposal would require up to five paid sick days a year at businesses with at least five employees. It wouldn't include independent contractors, such as Zavala, who supports the idea nonetheless.

The idea boasts such supporters as feminist Gloria Steinem and "Sex and the City" actress Cynthia Nixon, as well as a majority of City Council members and a coalition of unions, women's groups and public health advocates. But it also faces influential opponents, including business groups, Mayor Michael Bloomberg and City Council Speaker Christine Quinn, who has virtually complete control over what matters come to a vote.

Quinn, who is expected to run for mayor, said she considers paid sick leave a worthy goal but doesn't think it would be wise to implement it in a sluggish economy. Two of her likely opponents, Public Advocate Bill de Blasio and Comptroller John Liu, have reiterated calls for paid sick leave in light of the flu season.

While the debate plays out, Emilio Palaguachi is recovering from the flu and looking for a job. The father of four was abruptly fired without explanation earlier this month from his job at a deli after taking a day off to go to a doctor, he said. His former employer couldn't be reached by telephone.

"I needed work," Palaguachi said after Friday's City Hall rally, but "I needed to see the doctor because I'm sick."

___

Associated Press writer Susan Haigh in Hartford, Conn., contributed to this report.

___

Follow Jennifer Peltz at http://twitter.com/jennpeltz

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European shares test two-year highs, yen volatile before BOJ

LONDON (Reuters) - European shares inched towards two-year highs and German Bund futures dipped on Monday, as a political attempt to break a budget impasse in the United States revived appetite for shares and dented appetite for safe-haven assets.

U.S. House Republican leaders said on Friday they would seek to pass a three-month extension of federal borrowing authority in the coming days to buy time for the Democrat-controlled Senate to pass a plan to shrink budget deficits.

European shares <.fteu3> were supported by the news <.eu>, but with no clear response from the Democrats and a thin session expected due to a market holiday in the United States, the impact on other assets such as Bunds is likely to be limited.

London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> opened between 0.4 and 0.5 percent higher, lifting the pan-European FTSEurofirst 300 0.3 percent and MSCI's world index 0.1 percent. <.l><.eu/>

"There's a bit of encouragement coming out of the U.S.," said Toby Campbell-Gray, head of trading at Tavira Securities in Monaco.

He added that equity markets had remained resilient in the face of an uncertain economic outlook as many investors had stepped in to buy "on the dip" on days when shares had fallen.

Ahead of the region's first finance ministers' meeting of the year the euro was steady against the dollar, while the yen firmed after touching a new low, ahead of a Bank of Japan decision expected to deliver bold monetary easing.

The dollar slipped back to a low of 89.42 yen and was last trading at 89.57 yen, while the euro also fell to a low of 119.08 and last traded at 119.27 yen.

With little in the way of economic data or debt issuance and U.S. markets shut for the Martin Luther King Jr. public holiday, it was expected to be a fairly quite market day.

Oil prices took their cues from a report in the United States at the end of last week that showed consumer sentiment at its weakest in a year as a result of the uncertainty surrounding the country's debt crisis.

Concerns about demand overshadowed supply disruption fears reinforced by the Islamist militant attack and hostage-taking at a gas plant in Algeria, a member of the Organization of Petroleum Exporting Countries.

U.S. crude futures fell 0.5 percent to $95.08 a barrel, while Brent fell 0.3 percent to $111.55 early on Monday but had recovered to almost flat as European trading gathered pace.

(Additional reporting by Sudip Kar-Gupta; Editing by Will Waterman)

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10 awesome new (and old) things you need to know about in 2013

We’re just three weeks into 2013 and it’s surprising what a difference a year can make. RIM (RIMM) is on the rise as Apple (AAPL) is getting crushed, Samsung (005930) is supposedly generating Apple-like hype, and connected home appliances outshined smartphones at CES. It’s a brave new world indeed, but here are 10 awesome new (and old) things to keep you grounded in 2013 while you put 2012 behind you and try to forget Gangnam Style ever happened.

[More from BGR: Samsung’s latest monster smartphone will reportedly have a 5.8-inch screen]

1. Digg: Digg? In 2013? Yup — it’s back and it’s awesome.

[More from BGR: Paid apps are history]

The old Digg is dead and a fantastic river of curated news can now be found in its place. The site has done away with user submissions and the unending sea of obnoxious comments, leaving behind a platform that is infinitely better than its predecessor.

Topics covered range from technology and business to world events and interesting morsels people are unlikely to dig up on their own.

The redesigned site is fantastic and clean, the iOS app is terrific, and I consistently discover great stories there long before they being to gain steam elsewhere on the web.

http://digg.com

2. Evernote: There are a few Web services that I regularly recommend to friends and family where after I do, I get a note a few weeks later with the question, “How did I ever live with this?” Evernote is among those services.

In a nutshell, Evernote is a Web-based service that lets users create and organize notes that automatically sync across all their computers, smartphones and tablets. Despite its popularity on tech blogs, I still find a lot of people who have never heard of the service.

The beauty of Evernote is that everyone uses it in his or her own unique way. It can be used to house Web page clippings, store ideas as they come to you, keep recipes in order, hold to-do lists, make grocery lists, or perform any number of other functions.

http://evernote.com/

3. BlackBerry 10: Whether it ends up being RIM’s comeback catalyst or its last hurrah, BlackBerry 10 is going to be a big deal in 2013. Investors are excited, BlackBerry fans are excited, and we’re excited.

The show kicks off on January 30th and BGR will be there live to cover all the action as it unfolds.

http://global.blackberry.com/

4. Outgrow.me: Kickstarter and Indiegogo are great crowd-funding sites for entrepreneurs, but they’re also very trendy right now. For every awesome product on each site there are dozens of, well, not-so-awesome products.

Outgrow.me makes it easy to view the best products these two sites have to offer using a great design that is easy to navigate.

As an added bonus, Outgrow.me addresses one of the biggest problems among crowd-funded products. Since a lot of great (and well-funded) products don’t ship on time, the site has an option to only view items that are “orderable” today.

http://outgrow.me/

5. Windows Phone: Look, Microsoft (MSFT) has been giving it the old college try for more than two years now, but things are getting serious in 2013. Maybe.

Windows Phone 8 is a supercharged version of Microsoft’s initial reimagining of the smartphone experience. It’s faster, smoother, more versatile and it supports better hardware.

There are two great flagship Windows Phones on the market right now — Nokia’s Lumia 920 and HTC’s Windows Phone 8X — as well as a number of solid low- and mid-range options.

http://www.windowsphone.com/

6. Jawbone UP: Fitness gadgets are getting trendy now, but I’ve yet to see anything that looks more appealing than Jawbone’s second iteration of the “UP” bracelet.

The simple device is worn on your wrist at all times (it’s waterproof, so you can even shower with it) and it tracks your daily activity including your sleep. It’s paired with a fantastic app that features a gorgeous UI and plenty of great functionality.

UP’s companion app tracks your steps, calorie burn and sleep to create a “Lifeline.” You can also track the food you eat by scanning barcodes, taking pictures or inputting items manually, which helps you keep tabs on your calorie intake.

The kicker for the Jawbone UP over rivals is the fact that it doesn’t include wireless connectivity, believe it or not. Yes, that means you have to take the band off, pop the cap and connect it to your iPhone’s audio jack to sync, but it also means the battery lasts between nine and ten days on a charge.

UP is only compatible with iOS for the time being, but Jawbone says it’s working on an Android app.

http://jawbone.com/up

7. Republic Wireless: Did you know you can get unlimited smartphone service for $ 19 a month? Really, truly unlimited calling, messaging and data for $ 19 a month?

We’ve been testing Republic Wireless’ $ 19 unlimited smartphone service for several weeks now and so far we’re impressed. The service is not for power users — there’s only one smartphone available right now (Motorola’s Defy XT) and you won’t have access to 4G data speeds — but anyone looking for basic smartphone service at a ridiculously low price would be remiss to not give Republic Wireless a look.

http://www.republicwireless.com/

8. HTC: It’s time to get acquainted with the little smartphone vendor that could.

HTC (2498) took a beating in 2012 while Samsung and Apple grew bigger than most could have imagined. HTC might not have billions of marketing dollars to constantly slap consumers in the face with ads, but it has a ridiculously talented team that churns out one gorgeous smartphone after another.

With hardware that is second to none and handsets ranging from affordable low-end phones to premium flagship devices, HTC is a brand to watch in 2013.

http://htc.com/

9. Wirecutter: Founded by former Gizmodo editor Brian Lam, Wirecutter is “a list of great technology.”

The site is basically a gadget buying guide without the stomach-turning, Google-gaming, SEO machine aspect. Instead, it’s simply a collection of technology products the site’s staff enjoys. Imagine that!

Wirecutter is definitely a site worth checking out and this is a good place to start.

http://thewirecutter.com/

10. Skype: Sure, everyone knows about Skype on computers and smartphones. I never use it on either. Instead, there’s another aspect of Skype not everyone knows about: Home phone service.

Using compatible handsets, Skype can be set up to work just like any other VoIP home phone service. The only difference is that Skype is much, much cheaper than comparable offerings. Unlimited calling within the U.S. and Canada can be had for less than $ 2.60 a month plus $ 30 each year for a phone number.

In other words, a year of Skype service costs a little less than two months of Vonage or cable company phone service.

I’ve been using Skype for my home phone since last May and I couldn’t be happier. The quality is excellent, on par with similar offerings from Time Warner Cable and Cablevision, and the price can’t be beat.

I should note, though, that dealing with one of Skype’s retail partners — eBuyNow — was an awful, awful experience. They took forever to get back to me when one of my handsets died and after two months of trying to get a replacement, they just ended up refunding my entire purchase. If you choose Skype for home phone service, buy your handsets elsewhere.

http://skype.com/

This article was originally published on BGR.com

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Five Things to Know About The Lumineers

By Marisa Laudadio

01/19/2013 at 06:00 PM EST

From left: Wesley Schultz, Neyla Pekarek and Jeremiah Fraites

Alan Poizner/PictureGroup

You already know their hit song "Ho Hey" with its catchy shout-it-out chant that sticks in your head – but what's behind Denver-based band The Lumineers' cool blend of indie rock and Americana?

Here are five things to know about the trio – Wesley Schultz (lead vocals, guitar), 30; Jeremiah Fraites (guitar), 27; and Neyla Pekarek (cello, piano), 26 – who are up for two Grammys (best new artist and best Americana album) and are also performing on Saturday Night Live this week alongside host Jennifer Lawrence.

1. Most people think that 'Ho Hey' – which reached No. 1 on three different charts – is about a romantic relationship, but that's not the whole story.
"The essence of the song was that I was really struggling to make ends meet in the big city when I was living in Brooklyn and working in New York. It was a myth, this idea that you'd go there and get discovered and it would be this great place for music," explains Schultz, who, like Fraites, hails from New Jersey and moved to Denver in recent years, where they met Pekarek.

"It's about a lost love in some ways, but it's also a lost dream. It's funny that a lot of people play it at their weddings because it was written from a different place. But it's kind of a beautiful thing, actually, that people can take something I was feeling really, really down about and turn it into a message of hope."

2. They've only recently been able to quit their day jobs.
"I was working as a busser, a bartender, a barista, a guitar teacher, caterer – a lot of service industry jobs, because it allows you to get away and tour if you need to or take a night off to play," explains Schultz.

"Jer was bussing tables right along beside me. And Neyla was a hostess and a substitute teacher. She'd been offered a full-time teaching position while we were in the midst of touring – and losing a lot of money – and she still stuck with it. Somehow she chose this over that, which is absurd, but we're glad she did!"

3. They named their hit song carefully.
Were they ever concerned people might call it "Hey Ho" in a derogatory way? "Yeah, at some point we laughed about it," says Schultz. "We specifically named it 'Ho Hey' instead of 'Hey Ho' [for that reason]. If people searched for it online, we'd rather it not be something that takes you in that direction."

Do they mind when people get the title wrong? "Oh no, that would be a little pretentious!" says Schultz with a chuckle. "It's kind of a silly name to begin with."

4. That's Schultz's mom on the cover of their debut, self-titled album.
"It's my mom, Judy, as a child, and her mother," he explains. "I'd asked my mom if she had any old photos that I could look through a while back, and I fell in love with it. You know if you set up a child for a picture then can't get out of the frame in time? My mom had a funny take on it: It's our first album, kind of our baby, like this child."

Schultz thanked his mom for all her years of emotional support with some heavy metal when their album went gold. "I had the plaque sent to my mom, because she'd been really supportive of us and believed in us when a lot of people were pretty concerned. And now she's got a platinum one!"

5. Their band name has more than one meaning.
While Schultz and Fraites have been playing music together for more than eight years (previous band names include Free Beer, 6Cheek, and Wesley Jeremiah), they've only been known as The Lumineers for the last four thanks to a mistake.

"We were playing a small club in Jersey City, N.J.," explains Schultz, "and there was a band out there at the time called Lumineers who were slotted for the same time, same day, the next week. The person running the show that night [mistakenly] announced us as The Lumineers."

The name stuck. "It doesn't mean anything literally. It's a made-up word," says Schultz. Another strange coincidence they learned? "It's also the name of a dental veneer company," he adds.

So how are Schultz's teeth? "I have a pretty good smile," he says with a big laugh. "I won 'Best Smile' in high school. It's a pretty big deal."

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Lilly drug chosen for Alzheimer's prevention study

Researchers have chosen an experimental drug by Eli Lilly & Co. for a large federally funded study testing whether it's possible to prevent Alzheimer's disease in older people at high risk of developing it.

The drug, called solanezumab (sol-ah-NAYZ-uh-mab), is designed to bind to and help clear the sticky deposits that clog patients' brains.

Earlier studies found it did not help people with moderate to severe Alzheimer's but it showed some promise against milder disease. Researchers think it might work better if given before symptoms start.

"The hope is we can catch people before they decline," which can come 10 years or more after plaques first show up in the brain, said Dr. Reisa Sperling, director of the Alzheimer's center at Brigham and Women's Hospital in Boston.

She will help lead the new study, which will involve 1,000 people ages 70 to 85 whose brain scans show plaque buildup but who do not yet have any symptoms of dementia. They will get monthly infusions of solanezumab or a dummy drug for three years. The main goal will be slowing the rate of cognitive decline. The study will be done at 50 sites in the U.S. and possibly more in Canada, Australia and Europe, Sperling said.

In October, researchers said combined results from two studies of solanezumab suggested it might modestly slow mental decline, especially in patients with mild disease. Taken separately, the studies missed their main goals of significantly slowing the mind-robbing disease or improving activities of daily living.

Those results were not considered good enough to win the drug approval. So in December, Lilly said it would start another large study of it this year to try to confirm the hopeful results seen patients with mild disease. That is separate from the federal study Sperling will head.

About 35 million people worldwide have dementia, and Alzheimer's is the most common type. In the U.S., about 5 million have Alzheimer's. Current medicines such as Aricept and Namenda just temporarily ease symptoms. There is no known cure.

___

Online:

Alzheimer's info: http://www.alzheimers.gov

Alzheimer's Association: http://www.alz.org

___

Follow Marilynn Marchione's coverage at http://twitter.com/MMarchioneAP

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Wall Street Week Ahead: Earnings, money flows to push stocks higher

NEW YORK (Reuters) - With earnings momentum on the rise, the S&P 500 seems to have few hurdles ahead as it continues to power higher, its all-time high a not-so-distant goal.

The U.S. equity benchmark closed the week at a fresh five-year high on strong housing and labor market data and a string of earnings that beat lowered expectations.

Sector indexes in transportation <.djt>, banks <.bkx> and housing <.hgx> this week hit historic or multiyear highs as well.

Michael Yoshikami, chief executive at Destination Wealth Management in Walnut Creek, California, said the key earnings to watch for next week will come from cyclical companies. United Technologies reports on Wednesday while Honeywell is due to report Friday.

"Those kind of numbers will tell you the trajectory the economy is taking," Yoshikami said.

Major technology companies also report next week, but the bar for the sector has been lowered even further.

Chipmakers like Advanced Micro Devices , which is due Tuesday, are expected to underperform as PC sales shrink. AMD shares fell more than 10 percent Friday after disappointing results from its larger competitor, Intel . Still, a chipmaker sector index <.sox> posted its highest weekly close since last April.

Following a recent underperformance, an upside surprise from Apple on Wednesday could trigger a return to the stock from many investors who had abandoned ship.

Other major companies reporting next week include Google , IBM , Johnson & Johnson and DuPont on Tuesday, Microsoft and 3M on Thursday and Procter & Gamble on Friday.

CASH POURING IN, HOUSING DATA COULD HELP

Perhaps the strongest support for equities will come from the flow of cash from fixed income funds to stocks.

The recent piling into stock funds -- $11.3 billion in the past two weeks, the most since 2000 -- indicates a riskier approach to investing from retail investors looking for yield.

"From a yield perspective, a lot of stocks still yield a great deal of money and so it is very easy to see why money is pouring into the stock market," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco.

"You are just not going to see people put a lot of money to work in a 10-year Treasury that yields 1.8 percent."

Housing stocks <.hgx>, already at a 5-1/2 year high, could get a further bump next week as investors eye data expected to support the market's perception that housing is the sluggish U.S. economy's bright spot.

Home resales are expected to have risen 0.6 percent in December, data is expected to show on Tuesday. Pending home sales contracts, which lead actual sales by a month or two, hit a 2-1/2 year high in November.

The new home sales report on Friday is expected to show a 2.1 percent increase.

The federal debt ceiling negotiations, a nagging worry for investors, seemed to be stuck on the back burner after House Republicans signaled they might support a short-term extension.

Equity markets, which tumbled in 2011 after the last round of talks pushed the United States close to a default, seem not to care much this time around.

The CBOE volatility index <.vix>, a gauge of market anxiety, closed Friday at its lowest since April 2007.

"I think the market is getting somewhat desensitized from political drama given, this seems to be happening over and over," said Destination Wealth Management's Yoshikami.

"It's something to keep in mind, but I don't think it's what you want to base your investing decisions on."

(Reporting by Rodrigo Campos, additional reporting by Chuck Mikolajczak and Caroline Valetkevitch; Editing by Kenneth Barry)

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India Ink: Newswallah: Bharat Edition

Jammu and Kashmir: Due to heavy snowfall in the Kashmir region, state authorities on Friday dispatched police teams to evacuate residents of the avalanche-prone Waltengu Nad area in south Kashmir’s Kulgam district, according to a PTI report on the IBN Live web site. This area was badly affected by avalanches in 2005 that killed dozens and displaced hundreds.

Assam: The state was awarded the “Krishi Karman Award” for the second year in a row for exceeding the national average in the production of pulses, The Assam Tribune reported. It was among the eight states to receive the honor for excelling in the production of food grains, with its agricultural production rate touching 6.62 percent in 2011-12, more than the national average of 4.62 percent, the report said.

Mizoram: At least 13 cases of suspected drug overdose have emerged in Mizoram over the last month, Mizo News reported. A medical officer in the state capital’s Aizawl Civil Hospital said that in most of the cases referred to the hospital, the victim had consumed “cough syrup spiked with grape wine which could produce dangerous chemical reactions,” the report noted.

Jharkhand: President’s rule was imposed in Jharkhand State on Friday after Chief Minister Arjun Munda’s government was reduced to a minority in the state legislature, The Economic Times reported. This constitutional clause is invoked when no political party has the majority in the house to form a government, and until a new government is appointed the federal government will run the state.

Maharashtra: Chandrapur in eastern Maharashtra could soon be the third district in the state to ban liquor, The Times of India, reported. The state authorities decided on the move in the interest of people’s health, even though it could cost an annual revenue loss of 1.5 billion rupees, the report said. The liquor trader’s union in the state has strongly opposed the decision.

Goa: A seven-year-old girl was allegedly raped in her school toilet on Monday in Vasco, a town in Goa, the Press Trust of India reported. The parents of the girl have accused the school management of trying to destroy the evidence of the rape before the police were informed about the incident.

Tamil Nadu: Thousands of food companies haven’t yet registered their businesses under a food safety act in Tiruchirapalli district despite a fast approaching Feb. 4 deadline, The Hindu newspaper reported. The paper estimates there are 14,000 food businesses in the area, of which only 5,500 have registered so far.

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