After threats, North Korea's secrecy a challenge for U.S.

Kim Jong Un and his military

Kim Jong Un and his military

Kim Jong Un and his military

Kim Jong Un and his military

Kim Jong Un and his military

Kim Jong Un and his military

Kim Jong Un and his military

Kim Jong Un and his military

Kim Jong Un and his military

Kim Jong Un and his military

Kim Jong Un and his military

Kim Jong Un and his military

Kim Jong Un and his military

Kim Jong Un and his military

Kim Jong Un and his military

Kim Jong Un and his military

Kim Jong Un and his military

Kim Jong Un and his military

Kim Jong Un and his military

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STORY HIGHLIGHTS

• NEW: U.S. places sanctions on Korean financial entities


• The U.S. secretary of defense says predicting a North Korean test is difficult


• Pyongyang says it plans a new nuclear test and further long-range rocket launches


• North Korea is upset by a recent U.N. Security Council resolution, an analyst says

Seoul, South Korea (CNN) -- North Korea said Thursday that it plans to carry out a new nuclear test and more long-range rocket launches, all of which it said are a part of a new phase of confrontation with the United States.

The North's National Defense Commission said the moves would feed into an "upcoming all-out action" that would target the United States, "the sworn enemy of the Korean people."

Carried by the state media, the comments are the latest defiant flourish from the reclusive North Korean regime, whose young leader, Kim Jong Un, has upheld his father's policy of pursuing a military deterrent and shrugging off international pressure.

U.S. Secretary of Defense Leon Panetta said Thursday there are no "outward indications" that North Korea is about to conduct a nuclear test, but he admitted it would be hard to determine that in advance.

"They have the capability, frankly, to conduct these tests in a way that makes it very difficult to determine whether or not they are doing it," he said in a Pentagon press conference.

"We are very concerned with North Korea's continuing provocative behavior," he said, but he added that the United States is "fully prepared" to deal with any provocations.

Read more: U.N. Security Council slams North Korea, expands sanctions

North Korea's statement prompted France and Great Britain to express exasperation with the secretive regime.

Britain's mission to the United Nations called on North Korean leaders to "refrain from further provocation." France said it "deplores" North Korea's statement, telling its leaders that they need not to threaten, but instead to work toward dismantling their nuclear and missile programs.

In addition to Panetta's statement, the United States responded by adding sanctions against more bank officials and a business linked to the regime's nuclear weapons program.

The Treasury Department announcement targets two Beijing-based representatives of Tanchon Commercial Bank and a company -- Leader (Hong Kong) International Trading Limited -- that the U.S. government says shipped machinery and equipment in support of North Korea's nuclear program.

The organizations are "part of the web of banks, front companies and government agencies that support North Korea's continued proliferation activities," said Under Secretary for Terrorism and Financial Intelligence David S. Cohen.

"By continuing to expose these entities, and the individuals who assist them, we degrade North Korea's ability to use the international financial system for its illicit purposes," he said.

North Korea's statement followed a U.N. Security Council resolution approved Tuesday that the United States pushed for, condemning a recent rocket launch by North Korea and expanding existing sanctions.

Read more: North Korea silences doubters, raises fears with rocket launch

The statement "should have been the expected outcome" from the U.N. decision, said Daniel Pinkston, senior analyst for the International Crisis Group covering Northeast Asia.

"I think they are completely outraged and insulted by it," he said.

Read more: N. Korea's launch causes worries about nukes, Iran and the Pacific

North Korea, which often issues bellicose statements in its state media, said Thursday that it rejects all Security Council resolutions concerning it, describing the most recent resolution as "the most dangerous phase of the hostile policy" toward it.

Read more: U.S. official: North Korea likely deceived U.S., allies before launching rocket

Analyst: Threat meant as a deterrence

The threats toward the United States, a constant theme in the North's propaganda, have more to do with deterrence than a desire for full conflict, Pinkston said.

"I don't believe they have the capability, the intention or the will to invade or destroy the United States," he said. "They wish to deter interference from the U.S. or any outside powers."

Read more: North Korea's rocket launches cost $1.3 billion

North Korea's successful rocket launch last month nonetheless changed the strategic calculations for the United States, showing that the North's missile program is advancing despite an array of heavy sanctions imposed on it.

Analysts say it still has a lot of work to do to master the technology necessary to mount a nuclear warhead on a missile or accurately target it.

At the same time, Pyongyang has been hinting for a while that a new nuclear test could be in the cards.

Read more: South Korean officials: North Korean rocket could hit U.S. mainland

Just before the North sent out its latest hostile statement Thursday, a U.S. State Department official was telling reporters in Seoul that Washington hoped Pyongyang wouldn't go ahead.

"We think that that would be a mistake, obviously," said Glyn Davies, the U.S. special envoy on North Korea. "We call on North Korea, as does the entire international community, not to engage in any further provocations."

North Korea has carried out two previous nuclear tests, in 2006 and 2009, both of which were condemned by the United Nations.

Read more: Huge crowds gather in North Korean capital to celebrate rocket launch

Pyongyang didn't say Thursday when exactly it would carry out a third test, but it could happen "at any time," according to Pinkston.

He said it is hard for anybody outside the North Korean nuclear sector to know if the country is technically ready to carry out the test, but that politically, "it seems an appropriate time."

Demands unlikely to sway North

South Korean defense officials said last year that they believed the North was in a position to carry out a new test whenever leaders in Pyongyang gave the green light.

North Korea's nuclear program is "an element of threat to peace not only for Northeast Asia but also for the world," Park Soo-jin, deputy spokeswoman for the South Korean Unification Ministry, said Thursday.

"North Korea should immediately stop its nuclear test and other provocation and should choose a different path by cooperating with the international community," Park said.

That appears unlikely at this stage, though.

After a failed long-range rocket launch in April, North Korea ignored international condemnation and carried out a second attempt last month. That one succeeded in putting a satellite in orbit, Pyongyang's stated objective.

But the launch was widely considered to be a test of ballistic missile technology. And it remains unclear if the satellite, which the North insists is for peaceful purposes, is functional.

Both North Korea's previous nuclear tests took place weeks or months after long-range rocket launches.

Those tests were carried out under the rule Kim Jong Il, the deceased father of the current leader, and the man who channeled huge amounts of money into North Korea's nuclear and missile development programs.

Kim Jong Il died in December 2011 after 17 years in power, during which the North Korean people became increasingly impoverished and malnourished.

Economically, the country relies heavily on trade with its major ally, China.

On Tuesday, China's Foreign Ministry appealed for calm.

Spokesman Hong Lei urged North Korea and the West to "keep calm, remain cautious and refrain from any action that might escalate the situation in the region."

The U.S. Treasury Department on Thursday prohibited future transactions between Americans and two North Korean bankers and one financial service company the agency said support North Korea's nuclear program.

Read more: For the U.N. and North Korea: Game on

CNN's K.J. Kwon reported from Seoul, and Jethro Mullen from Hong Kong. CNN's David Hawley in Seoul contributed to this report.

Read More..

A question of access? Mental health and gun violence

As President Obama faces opposition from gun rights advocates over his recent proposals to combat gun violence, the challenge he faces of fixing flaws in the mental health care system may prove just as difficult a battle.

Mr. Obama outlined plans aimed at preventing mass shootings and reducing broader gun violence in the United States last week, while signing 23 executive actions that did not require Congressional approval. Alongside proposed changes to gun laws including universal background checks, a stronger ban on assault weapons and new restrictions on ammunition and magazines, mental health emerged as a core feature of the president's plan to prevent further tragedies like the Dec. 14 shooting in Newtown, Conn.

The executive actions related to mental health included:

• A letter to health care providers clarifying that no federal law prohibits them from reporting threats of violence to law enforcement authorities
• Incentives for schools to hire school resource officers
• A letter to state health officials clarifying the scope of mental health services that Medicaid plans must cover
• Finalization of regulations clarifying essential health benefits and parity requirements within health insurance exchanges
• A commitment to finalizing mental health parity regulations
• The launch of a national dialogue led by the departments of Health and Human Services and Education on mental health
• A Presidential Memorandum directing the Centers for Disease Control to research the causes and prevention of gun violence
• Clarification that the new health care law does not prohibit doctors from asking their patients about guns in their homes

Noting that it was the first of its kind to focus on mental health since 2007 -- and long overdue -- Iowa Sen. Tom Harkin chaired a hearing of the Senate Health, Education, Labor and Pensions Committee Thursday.

Harkin laid out that while Newtown has brought the issue to the forefront of discussion, mental illness only accounts for a small proportion of violent crimes.

Experts estimate only a small percentage of violent crimes -- less than 5 percent -- are caused by mentally ill people.

"People with mental illness are much more likely to be the victims of violent crimes than perpetrators of violence," said Harkin, who called mental health care's shortcomings a public health problem.

A common theme throughout the hearing was to avoid stigmatizing people with mental illness while discussing gun violence and problems facing mental health care.

Play Video

Mental health expert: "We can and must intervene early"

Pamela S. Hyde, administrator for the government's Substance Abuse and Mental Health Services Administration (SAMHSA) laid out the scope of the mental health care problem during the hearing (video at left). Of the 45 million U.S. adults suffering from mental illness, only 38.5 percent receive the treatment they need, she said. For children, only one in five receive necessary treatment for diagnosable mental disorders. Despite showing symptoms, many children and adults experience significant delays getting into treatment. Hyde argues that if the system shifts to a focus on early intervention, more people can be helped.

"Cost, access and recognition of the problems are the primary reason this treatment is not received. However it doesn't have to be this way," said Hyde. "For most of these conditions, prevention works, treatment is effective and people do in fact recover."

Mental health care spending has been dramatically cut in recent years. A 2011 report from the National Alliance on Mental Health that looked at state-by-state mental health budgets reported $1.6 billion in state funding cuts from 2009 through 2012. Medicaid cuts at this time also negatively affected mental health care, the report showed. States are mulling increases in funding in light of the Newtown shooting.

And the health care system may only become more burdened in the near future: A July 2012 study by the Institute of Medicine, an advisory medical organization to the government, found an aging baby boomer population could cause a mental health care crisis by 2030, when the number of U.S. seniors is expected to double and necessary resources will be woefully lacking.

Play Video

The dangerous stigma of mental illness

Dr. Jeffrey Lieberman, chairman of psychiatry at Columbia University Medical Center in New York City, told CBS News senior correspondent John Miller in December that mental health care is a societal problem because the U.S. has not taken on the treatment of mental illness as effectively as it could.

"I think mental health is a big issue," Lieberman said at the time. "It's definitely related to the frequency of these seemingly senseless and wanton killings that occur. And the way it relates is that unfortunately, individuals who have specific forms of mental illness, if untreated, can be more prone to act in a way which is socially destructive and results in harm or killing like we saw happen."

Lieberman said a person who needs treatment for mental illness often faces barriers such as insurance coverage and accessibility to care, in addition to stigma -- while people getting treated for a disease like cancer face fewer "disincentives" to getting the best care.

Following the president's announcement, Lieberman told CBSNews.com that the new proposals are "on the right track" in terms of addressing issues in the mental health system, but much work remains to clarify how these actions will be implemented.

By getting more people with mental illness, impulse disorders and substance abuse issues into constant treatment, he said, they may be prevented from ever getting to a point where they are showing symptoms of mental illness -- and acting on violent impulses.

"Trying to say we should only do something when they get dangerous is very late in the process," said Lieberman.

Details on the president's proposals still need to be worked out, said Lieberman, who is also president-elect of the American Psychiatric Association. For example, the Mental Health Parity Act, which the president wanted to finalize in his executive actions, requires that mental health benefits are covered by insurance, similar to non-psychiatric health care benefits. However, the rules to determine what services are covered, how people become reimbursed and other stipulations have not been established, he said. The president also asked for clarification on Medicaid mental health services, which now typically covers people who have severe forms of mental illness. Lieberman argues policymakers may find that these services are not adequate, and broader services are needed.

Right now, doctors cannot provide mental health care services in what Lieberman refers to as a "financially viable way." He explains that patients seeking help for mental health may require a lot of support, not only from a doctor who may provide medication, but from therapists, case managers and social and vocational rehabilitation counselors who need to be more actively involved in the patient's lives. These team-based "multi-element treatment approaches" have been shown in studies to be effective, however these types of paid services just aren't available for people suffering from mental health problems. Meanwhile, a person with heart disease may see a cardiologist, a surgeon, a different doctor about stent management, a nutritionist for lifestyle tips, and other providers all covered by insurance.

"In mental health care it's the same thing -- you can't just see a psychiatrist and get a prescription," he said. "This is not just throwing different services at the problem, there's good evidence that these things work."

Dr. Jeffrey Swanson, a professor of psychiatry and behavioral sciences at Duke University School of Medicine, who has published several research papers on gun violence and mental health for more than a decade, agrees the current mental health system represents a complex public health problem facing the United States.

"The mental health system in the country, if you can call it that, is fragmented and grossly under-resourced," Swanson told CBSNews.com in an email. "It needs a lot of things, and more research into how to fix it -- at a time when there are more mentally ill people incarcerated than in hospitals -- is one of the needed things," he said.

A 2011 paper by Swanson published in Psychiatric Services examines the lack of data available on firearm use against strangers, and how it is impossible to reliably predict which specific individuals would engage in the most serious acts of violence.

But even if more CDC research stemming from the president's proposals strengthens the available data pool, Swanson argues these egregious acts of violence may still be impossible to predict.

Play Video

Can a mental disorder make someone violent?

"I think more access to evidence-based treatment and less access to guns, taken together, would have an impact on gun violence, at least on the margins. But prevent mass shootings? That's hard to say," Swanson said. "Those are almost inherently unpredictable, and often perpetrated by people with no gun-disqualifying mental health or criminal record -- until it's too late. Most of the measures in the President's proposal, even if enacted and implemented perfectly, would not necessarily have prevented the shootings in Tucson, Aurora, or Newtown."

While concerns persist on how the president's proposals will be implemented, the announcement was supported by various health organizations that had previously submitted recommendations to Vice President Joe Biden's White House Task Force on Gun Violence Prevention.

"NAMI applauds the President's plan for its significant provisions to strengthen and expand mental health services," Michael Fitzpatrick, executive director of the National Alliance on Mental Illness said in a statement following the proposals. "The mental health care system has long been broken. The challenge is not to fix it, but to build it anew, focusing on early screening, diagnosis, treatment and prevention. The President's plan takes important steps toward meeting that challenge."

Dr. Dilip V. Jeste, president of the American Psychiatric Association, added in statement, "We are heartened that the Administration plans to finalize rules governing mental health parity under the 2008 Mental Health Parity and Addiction Equity Act, the Affordable Care Act, and Medicaid. "We are glad that the President has clarified that doctors are not prohibited from asking their patients about guns in their homes. The APA has consistently advocated for such a position."

The American Academy of Pediatrics also offered its support.

"In addition to addressing firearm regulations, we must improve access to quality mental health care both to help prevent violent acts and to assist victims of trauma," AAP President Dr. Thomas K. McInerny, said in a statement following the proposals. "The AAP agrees with the President that we must improve the identification of mental illnesses through increased screening, address inadequate insurance coverage and high out-of-pocket costs that create barriers to access, strengthen the overall quality of mental health access, and improve and expand the Medicaid reimbursement policy to include mental health and developmental services.

Read More..

Feinstein Proposes Assault Weapons Ban

Manuel Balce Ceneta/AP Photo

With an AR-15 and nine other guns on her left, Sen. Dianne Feinstein, D-Calif., introduced a bill today that would ban assault weapons and high capacity ammunition clips.

The bill comes nearly 20 years after the first assault weapons ban was signed into law.

“I remain horrified by the massacre committed at Sandy Hook Elementary School in Newtown, Conn., and I’m also incensed that our weak gun laws allow these mass killings to be carried out again and again and again,” said Feinstein, who was joined by senators, representatives, mayors, police officials and victims of gun violence. “Military-style assault weapons have but one purpose, and in my view that’s a military purpose, to hold at the hip, possibly, to spray fire to be able to kill large numbers.”

“Assault weapons were designed for and should be used on our battlefields, not on our streets,” Sen. Charles Schumer, D-N.Y., said. “We know that there is no inalienable right to own and operate 100-round clips on AR-15 assault rifles.”

Feinstein’s proposed plan, which she will formally introduce on the Senate floor this afternoon, will ban the sale, transfer, manufacturing and importation of 158 semi-automatic weapons with at least one military feature. It would also ban fixed magazines that are capable of holding more than 10 rounds.

The newly bill differs from the 1994 assault weapons ban in that it does not have a sunset provision. Feinstein said the bill will protect over 2,200 makes of hunting and sporting rifles and shotguns, and the bill will subject existing or grandfathered weapons to background checks if they are sold or transferred.

“We have tried to learn from the bill. We have tried to recognize legal hunting rights. We have tried to recognize legal defense rights. We have tried to recognize the right of a citizen to legally possess a weapon. No weapon is taken from anyone. The purpose is to dry up the supply of these weapons over time. Therefore, there is no sunset on this bill,” Feinstein said.

Feinstein acknowledged the difficulty lawmakers face in passing this bill through Congress.

“Getting this bill signed into law will be an uphill battle, and I recognize that,  but it’s a battle worth having,” Feinstein said. “We must balance the desire of a few to own military-style assault weapons with the growing threat to lives across America.”

The National Rifle Association said Feinstein’s plan infringes on second amendment rights and neglects to address other issues spurring gun violence.

“Senator Feinstein has been trying to ban guns from law-abiding citizens for decades. It’s disappointing but not surprising that she is once again focused on curtailing the Constitution instead of prosecuting criminals or fixing our broken mental health system. The American people know gun bans do not work and we are confident Congress will reject Senator Feinstein’s wrong-headed approach,” Andrew Arulanandam, spokesman for the NRA, told ABC News.

Feinstein’s office told ABC News that the senator worked with U.S. Capitol Police and Washington Metro Police to ensure the display of weapons at the press conference complied with the rules.

An ABC News-Washington Post poll released last week found that 65 percent of those polled supported banning high capacity ammunition magazines while 58 percent favored banning the sale of so-called assault weapons.

Last week, President Obama introduced his gun policy agenda, which called for the banning of some assault-style weapons and high capacity magazines holding over ten rounds.  The president’s plan included 23 executive actions on gun violence that would not require congressional approval, which included a directive for national agencies to strengthen the criminal background check system.

A new ABC News-Washington Post poll out today showed 53 percent find the president’s gun control plan to be favorable while 41 percent view it unfavorably.

Read More..

2013 could be 'climate game-changer'

An ice sculpture entitled 'Minimum Monument' by Brazilian artist Nele Azevedo outside Berlin's Concert Hall, September 2, 2009.

STORY HIGHLIGHTS

• The "neglected" risk of climate change seems to be rising to the top of leaders' agendas


• Extreme weather events are costing the global economy billions of dollars each year


• Gas can be an important bridge to a lower carbon future but it's not the answer


• More investment in renewable energy is needed, with fewer risks

Editor's note: Andrew Steer is President and CEO of the World Resources Institute, a think tank that works with governments, businesses and civil society to find sustainable solutions to environmental and development challenges.

(CNN) -- As leaders gather for the World Economic Forum in Davos, signs of economic hope are upon us. The global economy is on the mend. Worldwide, the middle class is expanding by an estimated 100 million per year. And the quality of life for millions in Asia and Africa is growing at an unprecedented pace.

Threats abound, of course. One neglected risk -- climate change -- appears to at last be rising to the top of agendas in business and political circles. When the World Economic Forum recently asked 1,000 leaders from industry, government, academia, and civil society to rank risks over the coming decade for the Global Risks 2013 report, climate change was in the top three. And in his second inaugural address, President Obama identified climate change as a major priority for his Administration.

Andrew Steer

For good reason: last year was the hottest year on record for the continental United States, and records for extreme weather events were broken around the world. We are seeing more droughts, wildfires, and rising seas. The current U.S. drought will wipe out approximately 1% of the U.S. GDP and is on course to be the costliest natural disaster in U.S. history. Damage from Hurricane Sandy will cost another 0.5% of GDP. And a recent study found that the cost of climate change is about $1.2 trillion per year globally, or 1.6% of global GDP.

Shifting to low-carbon energy sources is critical to mitigating climate change's impacts. Today's global energy mix is changing rapidly, but is it heading in the right direction?

Coal is the greatest driver of carbon dioxide emissions from energy, accounting for more than 40% of the total worldwide. Although coal demand is falling in the United States -- with 55 coal-powered plants closed in the past year -- it's growing globally. The World Resources Institute (WRI) recently identified 1,200 proposed new coal plants around the world. And last year, the United States hit a record-high level of coal exports—arguably transferring U.S. emissions abroad.

Meanwhile, shale gas is booming. Production in the United States has increased nearly tenfold since 2005, and China, India, Argentina, and many others have huge potential reserves. This development can be an economic blessing in many regions, and, because carbon emissions of shale gas are roughly half those of coal, it can help us get onto a lower carbon growth path.

However, while gas is an important bridge to a low carbon future—and can be a component of such a future—it can't get us fully to where we need to be. Greenhouse gas emissions in industrial countries need to fall by 80-90% by 2050 to prevent climate change's most disastrous impacts. And there is evidence that gas is crowding out renewables.

Renewable energy -- especially solar and wind power -- are clear winners when it comes to reducing emissions. Unfortunately, despite falling prices, the financial markets remain largely risk-averse. Many investors are less willing to finance renewable power. As a result of this mindset, along with policy uncertainty and the proliferation of low-cost gas, renewable energy investment dropped 11%, to $268 billion, last year.

What do we need to get on track?

Incentivizing renewable energy investment

Currently, more than 100 countries have renewable energy targets, more than 40 developing nations have introduced feed-in tariffs, and countries from Saudi Arabia to South Africa are making big bets on renewables as a growth market. Many countries are also exploring carbon-trading markets, including the EU, South Korea, and Australia. This year, China launched pilot trading projects in five cities and two provinces, with a goal of a national program by 2015.

Removing market barriers

Despite growing demand for renewable energy from many companies, this demand often remains unmet due to numerous regulatory, financial, and psychological barriers in the marketplace.

In an effort to address these, WRI just launched the Green Power Market Development Group in India, bringing together industry, government, and NGOs to build critical support for renewable energy markets. A dozen major companies from a variety of sectors—like Infosys, ACC, Cognizant, IBM, WIPRO, and others— have joined the initiative. This type of government-industry-utility partnership, built upon highly successful models elsewhere, can spur expanded clean energy development. It will be highlighted in Davos this week at meetings of the Green Growth Action Alliance (G2A2).

De-risking investments

For technical, policy, and financial reasons, risks are often higher for renewables than fossil-based energy. Addressing these risks is the big remaining task to bring about the needed energy transformation. Some new funding mechanisms are emerging that can help reduce risk and thus leverage large sums of financing. For example, the Green Climate Fund could, if well-designed, be an important venue to raise funds and drive additional investments from capital markets. Likewise, multi-lateral development banks' recent $175 billion commitment to sustainable transport could help leverage more funds from the private and public sectors.

Some forward-looking companies are seeking to create internal incentives for green investments. For example, companies like Unilever, Johnson & Johnson, and UPS have been taking actions to reduce internal hurdle rates and shift strategic thinking to the longer-term horizons that many green strategies need.

Davos is exactly the type of venue for finding solutions to such issues, which requires leadership and coalition-building from the private and public sectors. For example, the the G2A2, an alliance of CEOs committed to addressing climate and environmental risks, will launch the Green Investment Report with precisely the goal of "unlocking finance for green growth".

Depending on what happens at Davos—and other forums and meetings like it throughout the year—2013 could just be a game-changer.

Follow us on Twitter@CNNOpinion.

Join us on Facebook/CNNOpinion.

The opinions expressed in this commentary are solely those of Andrew Steer.

Read More..

US oil price slumps after pipeline cutback

NEW YORK: US crude oil prices closed sharply lower Wednesday, dragged down by news that a key pipeline had cut capacity due to a bottleneck.

New York's main contract, West Texas Intermediate, for delivery in March, tumbled US$1.45 from Tuesday's close to settle at US$95.23 a barrel.

In London trade, meanwhile, Brent North Sea crude for delivery in March settled at US$112.80 a barrel, an increase of 38 cents.

The New York market, which had been trading slightly lower for most of the session, dived after the operator of the Seaway pipeline told shippers that capacity had been reduced because of an unexpected problem at a delivery point.

"When that headline came out, the WTI immediately came under a significant amount of pressure," said Andy Lipow, an independent oil analyst.

The Seaway carries crude stocked in Cushing, Oklahoma, the main oil terminal in the world's biggest crude consumer, to refineries in the Gulf of Mexico.

Lacking sufficient pipeline capacity to bring oil to refineries, Cushing stockpiles have swollen recently to new record highs, weighing on futures prices.

Traders were keenly awaiting the US Department of Energy's latest weekly report on petroleum stockpiles. The data will be published Thursday, one day later than normal, due to a public holiday on Monday.

"Traders now expect upcoming US government oil inventory data to show crude-oil stocks dropped 2.3 million barrels last week," ETX Capital markets analyst Ishaq Siddiqi said.

Siddiqi said there had been a "bit of profit taking in crude following four sessions of gains, with many (traders) expecting refiners to start seasonal maintenance that will reduce crude oil demand."

- AFP/jc

Read More..

Fiery Clinton

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Deep freeze to last into weekend in eastern U.S.

Updated 4:02 PM ET

PORTLAND, Maine A teeth-chattering cold wave with sub-zero temperatures was expected to keep its icy grip on much of the eastern U.S. into the weekend before seasonable temperatures bring relief.

A polar air mass that's been blamed for multiple deaths in the Midwest moved into the Northeast on Wednesday, prompting the National Weather Service to issue wind chill warnings across upstate New York and northern New England.

In northern Maine, the temperature dipped to as low as 36 below zero Wednesday morning. The weather service was calling for wind chills as low as minus-45.

Play Video

Frigid weather could precede Northeast snowstorm

Keith Pelletier, the owner of Dolly's Restaurant in Frenchville, said his customers are dressed in multiple layers of clothing, and they keep their cars running in the parking lot while eating lunch. It's so cold that even the snowmobilers are staying home, he said.

"You take the wind chill at 39 below and take a snowmobile going 50 mph, and you're about double that," he said. "That's pretty cold."

The Canadian air mass also has forced schools to close, delayed commuter trains and subways and kept plumbers busy with frozen pipes. A ski resort in New Hampshire shut down on Wednesday and Thursday because of unsafe ski conditions — a predicted wind chill of 48 degrees below zero.

The coldest temperatures were expected Wednesday and Thursday, after which conditions should slowly moderate before returning to normal levels, said John Koch, a meteorologist with the National Weather Service regional headquarters in Bohemia, N.Y. For the most part, temperatures have been around 10 to 15 degrees below normal, with windy conditions making it feel colder, he said.

For Anthony Cavallo, the cold was just another in a litany of big and small aggravations that began when Superstorm Sandy swept through his Union Beach, N.J., neighborhood and flooded his one-story house with 4 1/2 feet of water.

Still waiting for the go-ahead to rebuild, Cavallo and his family have been living in a trailer they purchased once it became clear they couldn't afford to rent.

Wednesday's frigid temperatures temporarily froze the trailer's pipes, which Cavallo's 14-year-old daughter discovered when she tried to take a shower at 4:30 a.m. Cavallo spent the morning thawing out the pipes and stuffing hay under the trailer to help insulate them.

Play Video

Deadly freeze grips Midwest

"Every day it's something, whether it's frozen pipes or getting jerked around for two months by insurance companies," the 48-year-old security system installer said. "I just kind of want to wake up one day and have no surprises."

In New York City, food vendor Bashir Babury contended with bone-numbing cold when he set up his cart selling coffee, bagels and pastries at 3 a.m. Wednesday. On the coldest of days, he wears layers of clothing and cranks up a small propane heater inside his cart.

"I put on two, three socks, I have good boots and two, three jackets," he said. "A hat, gloves, but when I'm working I can't wear gloves."

In New Jersey, some residents at a Jersey City apartment have complained about the lack of heat and hot water. One person told 1010 WINS' Steve Sandberg: "My apartment is terrible for this very cold. I have three heaters. It's terrible."

Another tenant commented: "If it's not one thing, it's the other. They cut out the gas then there's no hot water, if there's hot water, but then there's no heater. It's horrible."

In Pottsville, Pa., letter carrier Cheryl Vandermeer was stoic as she walked her route Wednesday with temperatures in the teens and wind chill in the single digits. She thankful she had a job that kept her moving, even if it was outside.

"I'm not just standing around," she said. "So for me it's cold, but it's not intolerable."

A little cold air couldn't keep Jo Goodwin, 64, of Bridgewater, N.H., off the slopes at Sugarloaf ski resort in Carrabassett Valley, Maine, where she was skiing Wednesday with her husband and her sister. The snow conditions were great and there were no lift lines.

To keep warm, she uses a toe warmer, a hand warmer, a face mask, extra underwear and an extra wool sweater. She was told the wind chill was minus 30 midway up the mountain and 50 below zero near the top.

"Sometimes," she said, "it's better not to know."

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Manti Te'o Tells Katie Couric His Emotions Were Real

Manti Te'o says that even though he was hoaxed by the supposed existence of a fake girlfriend, his inspirational story of playing through emotional pain "was all real and that's something that I can't fake."

Te'o made his comments to Katie Couric which will air the exclusive interview on Thursday.

Te'o, 21, has been alternately questioned and lampooned over his role in the hoax that led him and the public to believe that his girlfriend Lennay Kekua died of leukemia as Te'o led the Notre Dame football team to an undefeated season that culminated in the national championship game.

Te'o was also a finalist for the Heisman Trophy, which goes to the best college football player in the country. Couric asked the star linebacker whether the emotional "story line" of a girlfriend who died on the same day as his grandmother "helped propel you to second place in Heisman voting?"

"I don't know. I really don't know," Te'o replied.

See more exclusive previews tonight on "World News With Diane Sawyer" and "Nightline."

He was more certain, however, when Couric pressed him by pointing out that it had become "sort of a legend that you had endured this hardship and gone on to play your team and your school to victory... Did you feel like, wow, I'm getting a lot of attention for this?"

Te'o denied reveling in the attention.

Watch Katie Couric's interview with Manti Te'o and his parents Thursday. Check your local listings or click here for online station finder.

Lorenzo Bevilaqua/Disney-ABC

Manti Te'o Girlfriend Hoax: Could Alleged Scammer Be Charged? Watch Video

"I think for me the only thing I basked in was that I had an impact on people, that people turned to me and for inspiration and I think that was the only thing I focused on. You know my story I felt was a guy who in times of hardship and in times of trial really held strong to his faith, held strong to his family and I felt that that was my story," said Te'o, who is a Mormon.

Te'o said there was no acting in his emotions at the time when he thought the girl he called "Lala" had died of leukemia.

"What I went through was real. You know the feelings, the pain, the sorrow, that was all real and that's something that I can't fake," he said.

During the interview, Te'o said that he received a phone call on Dec. 6, apparently from the same woman he believed was dead, who told him she was alive. She said that her name was not Lennay Kekua, it was Leah. Teo has also said that woman sent him a different picture of herself.

Nevertheless, he again publicly mentioned his girlfriend, and her death, two days later on the day the Heisman trophy was to be awarded.

"You stuck to the script. And you knew that something was amiss, Manti," Couric said.

"Katie, put yourself in my situation. I, my whole world told me that she died on Sept. 12. Everybody knew that. This girl, who I committed myself to, died on Sept. 12," Te'o said.

"Now I get a phone call on Dec. 6, saying that she's alive and then I'm going be put on national TV two days later. And to ask me about the same question. You know, what would you do?" Te'o said.

Te'o was joined by his parents, Brian and Ottilia, in the interview.

"Now many people writing about this are calling your son a liar. They are saying he manipulated the truth, really for personal gain," Couric said to Te'o's father.

"People can speculate about what they think he is. I've known him 21 years of his life. And he's not a liar. He's a kid," Brian Te'o said with tears in his eyes.

Click here for a who's who in the Manti Te'o case.

Diane O'Meara told NBC's "Today" show Tuesday that she was used as the "face" of the Twitter account of Manti Te'o's online girlfriend without her knowledge or consent.

O'Meara said that Ronaiah Tuiasosopo used pictures of her without her knowledge in creating Kekua.

"I've never met Manti Te'o in my entire life. I've never spoke with him. I've never exchanged words with him," O'Meara said Tuesday.

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Defterios: What keeps Davos relevant

STORY HIGHLIGHTS

• Since the late 20th Century, the ski resort of Davos has been synonymous with the World Economic Forum


• Defterios: I first came to Davos as a relatively junior correspondent, two months after the Berlin Wall fell


• Fall of Communism, China's opening, removal of apartheid in South Africa unfolded in the 90s
  
  


• It's the inter-play between geo-politics and business is what keeps the forum relevant

Davos (CNN) -- Veterans of Davos often refer to nature's awe-inspiring work as the Magic Mountain.

The name comes from an early 20th century novel by Thomas Mann -- reflecting on life in an alpine health retreat, and the mystery of time in this breath-taking setting.

Read more from John Defterios: Why Egypt's transition is so painful

Since the late 20th century, this ski resort has been synonymous with the World Economic Forum, which represents networking on its grandest scale.

This year nearly 40 world leaders -- a record for this annual meeting -- 2000 plus executives and it seems an equal number of people in the media, like yours truly, are in pursuit of them all. The setting is certainly more chaotic then a decade ago. The agendas of the Fortune 500 chief executives are to filled with bi-lateral meetings and back door briefings to allow for the spontaneity that made this venue unique.

Davos gets ready for leaders' gathering

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I first came to Davos as a relatively junior correspondent in 1990, two months after the fall of the Berlin Wall. It was arguably then, after nearly two decades in the conference business, when the forum became a fixture on the global calendar.

Quest: U.S. economy to dominate Davos 2013

I can remember, quite vividly, working out of a bunker (like we do today) in the Davos Congress Centre. West German Chancellor Helmut Kohl sat side-by-side with his East German counterpart Hans Modrow. That meeting before the global community helped set the stage for monetary union, a huge unification fund for what became Eastern Germany and shortly thereafter German elections.

The early 90s at Davos were dominated by European reconstruction after the fall of communism. Former party bosses came to the forum to convince business leaders that a transition to market economics could be delivered. Boris Yeltsin made his Davos appearance during that chaotic transition from the USSR to today's Russia.

Davos 2013: New year, same old problems?

In 1992, Chinese Premier Li Peng used the setting here in the Alps to articulate plans for the country's economic opening up to the world. Not by chance, the architect of Washington's engagement with Beijing, the former U.S. Secretary of State Henry Kissinger also took a high profile that year.

Again only two years later in 1994, Yasser Arafat and Shimon Peres walked hand in hand on stage, holding a public dialogue leading up to the creation and recognition of the Palestinian Authority.

The World Economic Forum, as the saying goes, was positioned to be in the right place at the right time. While the author of the Magic Mountain talked about the complexity of time around World War I, in the 1990s time was compressed here.

The fall of communism, the lowering of global trade barriers, the opening up of China, the removal of apartheid in South Africa and the proliferation of the internet all unfolded in that decade.

Interactive: How's your economic mood?

As those events came together, so too did the major players as they made the journey to Davos. Michael Bloomberg, evolving as a global name in financial data and now the Mayor of New York City, sat alongside Microsoft CEO Bill Gates. U.S. President Bill Clinton outlined his party's historic move to the political center before a packed audience of global business executives.

To spice things up, rock stars and actors, as they became activists, chose the Davos platform: Bono, Richard Gere, Sharon Stone, Brad and Angelina would have the wealthiest and most powerful corporate titans freeze in their tracks.

Earlier this week, I walked into the main plenary hall as workers put the final touches on the stage and lighting. It is a venue which has welcomed countless political leaders and business executives, during internet booms and banking busts, in the midst of a Middle East crisis and even during the lead up to two Gulf Wars.

But that inter-play between geo-politics and business -- during the best and worst of times -- is what keeps the forum relevant. It allows this setting at the base of the Magic Mountain to endure and recreate something unique during what Mann rightly described as the ongoing complexity of our times.

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White House gives grudging welcome to debt limit plan

WASHINGTON: The White House said Tuesday that President Barack Obama would not block a Republican plan to extend government borrowing authority by three months but would prefer a longer term debt ceiling hike.

Defusing a showdown with Obama, Republican House leaders are ready to permit the government to borrow more money to meet its obligations until May 18, despite earlier demands that debt ceiling hikes be matched by spending cuts.

The move would effectively remove the debt ceiling question from a looming conflagration with Republicans on Capitol Hill over spending cuts due to come into force at the end of next month and a soon-to-expire government budget.

White House spokesman Jay Carney noted that the debt ceiling workaround still had to make it past opposition from some conservative Republican members of Congress.

"If it does and it reaches the president's desk he would not stand in the way of the bill becoming law," he said, but added that Obama did not believe it was good for the economy in general to raise the debt ceiling in "increments."

"He believes we ought to do this for longer periods of time," Carney said, adding that Congress should give Obama authority to raise the debt limit on his own if it was not up for the job.

"Having said that, what we saw happen last week was significant, in our view. The House Republicans made a decision to back away from the kind of brinkmanship that was very concerning to the markets, very concerning to business, very concerning to the American people."

The government hit its statutory US$16 trillion debt limit last year but the administration used extraordinary measures to postpone the devastating economic shock waves that would result from defaulting on its obligations until late February or early March.

The House bill would withhold salaries of members of Congress if the chamber or the Senate does not pass a fiscal 2014 budget by April 15.

The Democratic-held Senate has not voted on a budget since 2009, and the government is being funded through temporary resolutions every six months.

Democratic leaders have said they would introduce a budget plan in the coming months, and pledged to consider the debt limit bill pass the House.

Obama has repeatedly warned that he will not negotiate with Republicans over the debt limit, pointing out that it concerns money available not for fresh spending, but for debt obligations already entered into by Congress.

Some conservative Republicans expressed concern Tuesday about their leadership's plan, though the bill would still be expected to pass the House of Representatives.

Republican Representative Tim Huelskamp said he would vote no, arguing that "raising the debt ceiling for a budget to be named later" is probably something he will not be able to vote for.

Representative Thomas Massie also expressed disquiet.

"I'm still having a lot of reservations about raising the debt limit for three months clean. It's a hard thing to do," he said.

Representative David Schweikert of Arizona was also opposed, saying the vote should be a chance for Republicans to demand a budget bill that balances the budget in 10 years.

- AFP/jc

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