Saturday, December 31, 2011

Spain revises up deficit and raises taxes (AP)

MADRID ? Spain's new government warned Friday that the country's budget deficit will be much higher than anticipated this year, as it unveiled a first batch of austerity measures that include surprise income and property tax hikes.

Following the new conservative government's second Cabinet meeting, the budget deficit for this year was revised up to 8 percent of national income from the previous government's forecast of 6 percent.

Alongside the upward revision, which comes amid predictions that the Spanish economy will soon be back in recession, the government headed by Prime Minister Mariano Rajoy announced further measures to get a handle on its debts, including euro8.9 billion ($11.5 billion) in spending cuts.

"This is the beginning of the beginning," government spokeswoman Soraya Saenz de Santamaria said.

She said more reforms and austerity will come in 2012.

The conservative Popular Party took power only last week after a landslide election win on Nov. 20 and its main priority is to make sure that Spain doesn't get dragged into the debt crisis mire that has already forced Greece, Ireland and Portugal into seeking financial bailouts and is now threatening much-bigger Italy.

Though Spain's budget deficit is higher than the 3 percent threshold that was supposedly part of the euro's economic framework, it has so far avoided the same sort of bond market pressure that's currently afflicting Italy, partly because its overall central government debt burden is relatively low at around 66 percent ? Italy's is around 120 percent.

The yield on Spain's benchmark ten-year bonds is closing out 2011 at just over 5 percent, lower than Italy's 7 percent, a rate that is widely-considered to be unsustainable in the long-run.

Nevertheless, Spain has to keep a lid on its borrowings especially with unemployment so high and its regions and the private sector is so indebted too following the collapse of a property and construction bubble that had fueled robust growth for nearly a decade. Spain crawled out of nearly two years of recession in 2010, but the economy slowed this summer and growth was outright flat in the third quarter of this year.

An increase in the deficit forecast was not a total surprise, but the scale of the increase was.

Many economists had predicted an increase because the economy stagnated in the third quarter and is now officially forecast to drop back into recession in the first quarter of 2012. Spain's jobless rate is 21.5 percent, the highest in the euro zone.

Alongside the spending cuts, the new government maintained a freeze on civil servants' salaries and on practically all government hiring. Pensions though were increased by 1 percent, the only area of spending to go up ? Rajoy had pledged to increase pensions in a speech to Parliament last week prior to his swearing in.

Taxes on income will also be raised but only for two years.

Treasury Minister Cristobal Montoro said the increases will be progressive, with the wealthiest paying more and that the impact on lower-income earners will be minimal. The government is projecting that this will bring in euro6.2 billion.

Taxes will also be raised on homes, but only those less hit by property prices plummeting because of the burst real estate bubble.

Spokeswoman Saenz de Santamaria said the jump in the deficit forecast came as a surprise because the outgoing government was slow in turning over some documents.

"It is going to force us to take extraordinary measures," she said. "We are confronted with an extraordinary and unforeseen situation which is going to force us to adopt extraordinary and unforeseen measures"

Property taxes were also raised, but only through 2013.

The measures will go before Parliament on Jan. 11. Passage is assured because the Popular Party has a comfortable majority.

The measures are part of an extension of the 2011 budget because the last government did not pass one for 2012.

A bigger austerity whack is expected when the new government passes a full blown 2012 budget by the end of March.

____

Harold Heckle contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20111230/ap_on_bi_ge/eu_spain_financial_crisis

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Microsoft OneNote and Youtube Video Ideas. Nokia Lumia 800 Demo

December 30th, 2011 ? Mark Guim ? Filed Under

I?ve been hunting down great apps at the Windows Phone Marketplace, but recently discovered one that?s already pre-installed. I?m talking about OneNote, which is part of Microsoft Office for Windows Phone. I?ve been using it to write down video ideas for our Youtube channel. Since it is stored in the cloud, I can see or edit the same note on the Nokia Lumia 800, my Macbook, or even the iPhone.

You can also watch this video in HD on Youtube. Subscribe to the channel to preview the latest videos before they get published on the blog.

You can take new notes and open existing OneNote notebooks right on your phone. Your notes can help you remember things like what happened in that meeting at work or what you need to pick up at the grocery store on the way home.

What do you use to take notes on your phone?

If you enjoyed this article, you might also like...

Source: http://thenokiablog.com/2011/12/30/onenote-nokia-lumia-800-demo/

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Monday, December 26, 2011

Syrian opposition calls for UN role to end crisis

Syria's top opposition leader called on the Arab League Sunday to bring the U.N. into the effort to stop the regime's bloody crackdown on dissent as security forces pressed ahead with raids and arrests and killed at least seven more people.

Burhan Ghalioun, the Paris-based leader of the Syrian National Council, made the plea as Arab League officials were setting up teams of foreign monitors as part of their plan aimed at ending nine months of turmoil that the U.N. says has killed more than 5,000 people.

Opposition groups say the Arab League is not strong enough to resolve the crisis, which is escalating beyond mass demonstrations into armed clashes between military defectors and security forces and a double suicide bombing that shook Damascus on Friday.

"I call upon the Arab League to ask the Security Council to adopt its plan in order to increase possibilities of its success and avoid giving the regime an opportunity not to carry out its obligations," Ghalioun said in a televised speech marking Christmas. The opposition council "holds the international community to its responsibilities and asks them to use all available means to put an end to the tragedies experienced by the Syrian people," he added.

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"The barbaric massacre must stop now," Ghalioun said.

The Arab League has begun sending observers into Syria to monitor compliance with its plan to end to the crackdown on political opponents. President Bashar Assad agreed to the League plan only after it warned that it could turn to the U.N. Security Council to help stop the violence.

Story: Pope calls for end to Syria violence

The plan requires the government to remove its security forces and heavy weapons from city streets, start talks with opposition leaders and allow human rights workers and journalists into the country.

The opposition has accused Assad of agreeing to the plan only to buy time and forestall more international sanctions and condemnation.

Mohamed Ahmed Mustafa al-Dabi, head of the Arab League observer team, traveled to Damascus late Saturday after meeting with Arab League chief Nabil Elaraby to discuss arrangements of the mission. More monitors are expected to arrive Monday.

On Sunday, the British-based Syrian Observatory for Human Rights and the Local Coordination Committees activist groups said troops shelled the town of Juraithi in the eastern province of Deir el-Zour, killing one person. They added that security forces killed three others in the village of Kouriyeh, also in Deir el-Zour.

The groups also reported that parts of the restive central city of Homs was bombed Saturday, killing at least three people and wounding dozens.

The two groups also blamed the regime for the assassination of a former member of Assad's ruling Baath party in Homs Ghazi Zoaib and his wife Saturday night. The groups said Zoaib had recently expressed support of the opposition.

The Syrian government has long contended that the turmoil in Syria this year is not an uprising by reform-seekers but the work of terrorists and foreign-backed armed gangs.

Syria blamed al-Qaida for sending two suicide car bombs that blew up in Damascus Friday, killing 44 and wounding dozens more. Opponents of Assad suggested the regime itself might have been responsible.

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

Source: http://www.msnbc.msn.com/id/45787278/ns/world_news-mideast_n_africa/

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Sunday, December 25, 2011

Thailand and Cambodia to withdraw troops from disputed temple

By BNO News

PHNOM PENH (BNO NEWS) -- Thailand and Cambodia have agreed to withdraw their troops from the area surrounding the disputed Preah Vihear temple, the Thai MCOT news agency reported on Thursday.

The two countries agreed to implement the International Court of Justice's (ICJ) order to establish a "provisional demilitarized zone." A joint working group will be set up to oversee troop withdrawals from the newly defined demilitarized zone, Cambodian Defense Minister Tea Banh said after meeting with Thai Defense Minister Gen Yutthasak Sasiprapa in the Cambodian capital of Phnom Penh.

Gen Tea Banh also said the withdrawal of troops will be carried out as soon as possible. It will be done under the supervision of the joint observers from Thailand, Cambodia and Indonesia, the chair of the Association of Southeast Asian Nations (ASEAN).

In July, a ruling by the Hague-based International Court of Justice asked both nations to withdraw military personnel from around the Preah Vihear temple complex.

Both Cambodia and Thailand claim the 4.6 square kilometer (1.7 square miles) area near the ancient Preah Vihear temple on their shared border, which has never been formally established. However, the military tension has eased since former Thai Prime Minister Thaksin Shinawatra's Pheu Thai Party won a landslide victory in July's general election.

Tensions first escalated between the two countries in July 2008 following the build-up of military forces near the 900-year-old Preah Vihear temple. The United Nations Security Council urged both sides to establish a permanent ceasefire after at least 10 people were killed.

Clashes resumed earlier this year as both nations claim the lands surrounding the ancient Hindu Temple, which has been damaged due to the conflict. The Preah Vihear temple dates back to the 11th century.

(Copyright 2011 by BNO News B.V. All rights reserved. Info: sales@bnonews.com.)

Thursday, December 22nd, 2011 at 10:53 pm | BNO News | Leave a Comment

Source: http://wireupdate.com/thailand-and-cambodia-to-withdraw-troops-from-disputed-temple.html

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beijing_news: North Korea May Adopt China-Style Economic Reforms, Mobius Says http://t.co/aoJSB7hb

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Saturday, December 24, 2011

Economic inequality an issue for US 2012 campaign

President Barack Obama salutes as he steps off of Air Force One at Hickam Air Force Base in Friday, Dec. 23, 2011, in Honolulu. (AP Photo/Carolyn Kaster)

President Barack Obama salutes as he steps off of Air Force One at Hickam Air Force Base in Friday, Dec. 23, 2011, in Honolulu. (AP Photo/Carolyn Kaster)

WASHINGTON (AP) ? Fighting to win over unhappy American voters, President Barack Obama and his Republican challengers are seizing on one of the most potent issues this election season: the struggling middle class and the widening gap between rich and poor.

Highlighted by the Occupy movement and fanned by record profits on Wall Street at a time of stubborn unemployment, economic inequality is now taking center stage in the 2012 presidential campaign, emphasized by Obama and offering opportunities and risks for him and his GOP opponents as both sides battle for the allegiance of the angst-ridden electorate.

For Obama, who calls boosting middle-class opportunity "the defining issue of our time," the question is whether he can bring voters along ? while parrying GOP accusations of class warfare ? even though he's failed to solve the country's economic woes during his first term in office.

For Republicans, Obama's potential vulnerability gives them an opening, but they also must battle perceptions that their policies favor the wealthy at a time when voters support Obama's call to raise taxes on the very rich. Former Massachusetts Gov. Mitt Romney has already made clear he'll resist Obama's attempts to capitalize on the issue, adopting the language of Occupy Wall Street in an interview with the Washington Post this month where he called the president "a member of the 1 percent."

For both sides, the question is how to find political advantage in light of a weak economy with unemployment above 8 percent. Since Obama is expected to run for re-election with higher unemployment than any recent president even if the economy continues to show signs of improvement, he must aim to set the terms of the debate in a way that helps him and hurts the GOP ? while Republicans will be working just as hard to deny him any advantage.

The president won a year-end victory Friday with the passage of a two-month extension of a payroll tax cut that had bipartisan support in the Senate.

The measure will keep in place a 2 percentage point cut in the Social Security payroll tax ? worth about $20 a week for a typical worker making $50,000 (?38,293) a year ? and prevent almost 2 million unemployed people from losing jobless benefits averaging $300 a week.

House Republicans had unsuccessfully attempted to push for further negotiations toward a yearlong extension, which allowed Obama to argue for the two-month extension of the tax cuts and prevention of a pending tax increase. The two sides resume discussions on the payroll tax cut early next year.

Obama's campaign pressed its economic argument Friday in an op-ed by Vice President Joe Biden in The Des Moines Register where Biden, taking direct aim at Romney, wrote that the former Massachusetts governor "would actually double down on the policies that caused the greatest economic calamity since the Great Depression and accelerated a decades-long assault on the middle class."

Romney, campaigning in New Hampshire, quickly countered that it's Obama who is hurting the country and expressed astonishment that Biden would have the "chutzpah ... the delusion" to write such a piece. "This president and his policies have made it harder on the American people and on the middle class," Romney said.

It was a preview of an argument certain to carry through the 2012 race, as the Obama campaign, viewing Romney as the likely GOP nominee even before any votes have been cast, works vigorously to define him early on, and Romney does everything he can to resist.

And the dispute taps into a striking reality. After-tax income grew by 275 percent between 1979 and 2007 for the top 1 percent of the population, the nonpartisan Congressional Budget Office found in a report this fall. But for the 20 percent of the population making the least money, income growth over the same period was only 18 percent.

Obama "is viewed as more likely to help the middle class than is the GOP, so he can capitalize on this by playing on concerns about inequality and contrasting his positions and the GOP's on issues like tax cuts for the wealthy," John Sides, political science professor at George Washington University, said by email. "However," Sides added, "it's an open question whether that strategy would enable him to overcome a weak economy and win."

Aides say Obama has long been concerned with economic inequality given his background in community organizing. But he brought the issue into much sharper focus in a speech in Osawatomie, Kan., earlier this month, where he reprised a populist message delivered in the same town by Theodore Roosevelt decades ago, and decried a growing inequality between chief executives and their workers.

"This kind of inequality ? a level that we haven't seen since the Great Depression ? hurts us all," Obama said at the time.

"This kind of gaping inequality gives lie to the promise that's at the very heart of America: that this is a place where you can make it if you try."

The issue has become a rallying cry of the Occupy Wall Street movement that's swept the country, with activists proclaiming "We are the 99 percent" ? as opposed to the "1 percent" at the top. And Obama advisers have identified this sense of inequality as the strongest current running through politics, one that they will be focusing on through Election Day.

But some polling suggests a note of caution for Obama in pressing the inequality argument. Gallup found this month that a majority of Americans don't view the country as divided into haves and have-nots. The polling also found that more people thought it was important for the government to focus on growing and expanding the economy, (82 percent) and increasing equality of opportunity (70 percent) than on reducing the income and wealth gap between the rich and poor (46 percent).

"The middle class certainly believes that it's in trouble and rightly so, because it is," said Bill Galston, a former Clinton administration domestic policy adviser now at the Brookings Institution. "But they are yet to be convinced that going after the rich will go to the heart of the problems that now afflict them."

That may suggest an opening for some GOP attacks against Obama. Romney charged in a speech in New Hampshire this month that Obama is pursuing an "entitlement society," versus the "opportunity society" that the former Massachusetts governor said he wants to offer the country. Newt Gingrich, Romney and other Republicans also regularly accuse Obama of "class warfare."

Obama senior adviser David Axelrod called such criticism the "Republican cartoon" of Obama's argument.

"In some ways the race will be different depending on who the nominee is but in some ways the same because they largely subscribe to the same economic theory" of cutting taxes for the wealthy and paring back regulations, said Axelrod. He added that Obama's speech in Osawatomie, Kansas, "was a very, very good statement of his values and vision and will help frame much of what comes in the next year."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2011-12-24-Obama-Economic%20Inequality/id-22070b166ae3474482cca17f56682bcb

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Friday, December 23, 2011

Investing vs. Speculating in Gold and Silver Stocks :: The Market ...

The European Debt Crisis and Your Investments

Commodities / Gold & Silver Stocks Dec 21, 2011 - 03:28 AM

By: Jordan_Roy_Byrne

Commodities

One thing that is intriguing about the precious metals sector is the vast composition of the companies in the sector. The entire equity sector can be divided in so many forms and ways. We can divide the gold and silver stocks, the producers and non producers, the explorers and the developers, the royalty companies and non-royalty companies as well as those making money and those not making money. To make money in this sector one really needs to have a plan and know what they are doing. Specifically, one needs to define an investment and a speculation.

Though the sector itself is risky, there are still numerous companies that can be defined as an investment. An investment is something which you receive a return on your money and a return of your money. Therefore we are looking for companies that are making money and have the reasonable ability to grow cash flow and earnings. The royalty companies and large and senior producers fit this bill. An investment in GDX or a gold mutual fund fit this category. Mid-tier and smaller producers with experienced management, a track record and a strong financial position can be categorized as investments.

Anything and everything else falls into the speculation category. How about a large developer with 10 M oz Au? It is a speculation. No one knows if the owner will ever be acquired, much less if the project will ever go into production. Even if a junior explorer or junior developer are trading at $10/oz in the ground, it still qualifies as a speculation.

Why are we talking about this?

Many gold bulls were hurt in 2007-2008 and again this year as they forgot that most of the companies in this sector as speculations. They forgot that shares can fall tremendously, even as the metals remain firm or even rise. You cannot just sit in your juniors and think they will be up 50-fold by the end of this bull market. After all, you should know by now that most juniors will fail and even fail in this historic bull market.

This year provides a clear example of the difference between speculating and investing. GDX is down 14% while GDXJ is down 33% while the CDNX is down 38%.

Going forward, one has to have a plan that distinguishes between investing and speculating. How much of your portfolio should be in Gold-related investments and how much should be in speculations?

Obviously, we are coming out of a difficult year and those who held too many speculations will feel jaded. They will feel that the juniors will never gain or that gold stocks will always underperform the metal. The result of this year will cloud their thinking for 2012 and beyond. On the other hand, the real professionals were cautious this year. They held high cash positions and focused most of their risk-capital on investments and not speculations. Since the market is likely to make a major low within potentially days or weeks, it may be time to consider some of the speculations, rather than become really defensive and only sit in a few large cap stocks.

Your job, Joe Investor is to figure out the right balance for your portfolio and then shift accordingly with market conditions. Your investments should earn you a return of your money and a return on your money. Whether that is 80% or 50% of your portfolio depends on your risk tolerance, time horizon and other factors. In our premium service, we look for both investments and speculations in this sector that can make you money. We invite you to learn more about our service.

Good Luck!

Jordan Roy-Byrne, CMT
Trendsman@Trendsman.com
Subscription Service

Trendsman? is an affiliate member of the Market Technicians Association (MTA) and is enrolled in their CMT Program, which certifies professionals in the field of technical analysis. He will be taking the final exam in Spring 07. Trendsman focuses on technical analysis but analyzes fundamentals and investor psychology in tandem with the charts. He credits his success to an immense love of the markets and an insatiable thirst for knowledge and profits.

? 2005-2011 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

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Source: http://www.marketoracle.co.uk/Article32248.html

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Monday, November 28, 2011

Asian shares jump on hopes of Europe crisis action (Reuters)

TOKYO (Reuters) ? Asian shares jumped on Monday on hopes Europe will come up with some concrete steps this week toward activating a crucial euro zone bail-out fund that is crucial to relieving funding stresses on the region's troubled economies.

The euro rose on a report that the International Monetary Fund (IMF) was preparing an aid package for Italy but pared gains after doubts were cast on the report, while the IMF later said there were no such discussions.

MSCI's broadest index of Asia Pacific shares outside Japan (.MIAPJ0000PUS) rose more than 2 percent, after slumping to its lowest level since early October on Friday to mark a fourth consecutive week of declines.

Japan's Nikkei (.N225) also gained 2 percent after hitting its lowest in two-and-a-half years on Friday. (.T)

"The market is getting a bit impatient with the Europeans, frankly, and investors are starting to see value here," said Austock senior client advisor Michael Heffernan in Australia.

European shares were also expected to rise, with financial spreadbetters predicting Britain's FTSE 100 (.FTSE) would open up 0.9 percent, Germany's DAX (.GDAXI) up 1.6 percent and France's CAC-40 (.FCHI) up 1.4 percent. (.EU) (.L)

Traders said sentiment was bolstered early in the Asian day by a report in Italian newspaper La Stampa suggesting the IMF was preparing a rescue plan worth up to 600 billion euros for Italy, more than the fund can currently provide on its own.

A source with knowledge of the matter told Reuters that contacts between the IMF and Rome had intensified but added it was unclear what form of support could be offered if a market sell-off on Monday forced immediate action.

The report was later dismissed by an IMF spokesperson, who said in response to media inquiries: "There are no discussions with the Italian authorities on a program for IMF financing.

RADICAL PROPOSALS

With a European Union summit looming on December 9, officials said at the weekend that Germany and France were exploring radical proposals for more rapid fiscal integration, possibly with fewer than the 17 countries that make up the euro zone.

The move would help fend off fierce market attacks on highly indebted countries and give more leeway for the European Central Bank (ECB) to buy sovereign bonds.

Euro zone finance ministers will meet on Tuesday, and detailed operational rules for the region's bailout fund, the European Financial Stability Facility (EFSF), are ready for approval. This would pave the way for the 440 billion euro facility to draw cash from investors.

"Talk about radical fiscal integration with fewer countries is slightly positive as it sounds like a pragmatic approach," said Yuji Saito, director of the foreign exchange division at Credit Agricole Bank in Tokyo.

Oil, copper and precious metals rose, on the back of the rise in riskier equities and a weaker dollar, raising commodity-linked currencies such as the Australian dollar in tandem.

Spot gold was up 1.6 percent, dragging palladium up nearly 3 percent and silver up nearly 2 percent, while oil prices rose more than 1 percent.

"Commodities are up on short-covering as players who had been anticipating a deepening crisis and relentlessly avoided risks are relieved somewhat by signs European leaders are now moving with an elevated sense of urgency to catch up with the speed of market turmoil," said Koichiro Kamei, managing director at financial research firm Market Strategy Institute in Tokyo.

ITALY YIELDS DANGEROUSLY HIGH

European headlines pushed the euro higher on a wave of short-covering -- when traders buy back a currency to realize gains on an earlier bet it would fall -- but the single currency retreated later as skepticism returned to trade around $1.33 from earlier highs near $1.3330.

"Unless we see a confirmation the IMF is working on such a program, I suspect the market is going to want to sell into any further strength," said Robert Rennie, chief currency strategist at Westpac Bank in Sydney.

The Australian dollar also slipped from an earlier peak near $0.9890 to gain 0.2 percent at $0.9838, while the dollar trimmed its loss against six key currencies (.DXY) to fall 0.45 percent.

Traders said it was premature to expect investors to resume risk-taking ahead of key events this week, including up to nearly 19 billion euros in new bonds expected to be issued this week by Belgium, Italy, Spain and France.

The ECB is resisting mounting calls to expand its role in helping resolve the euro zone's fiscal problems, raising concerns about Italy being left without a financial backstop.

On Friday, Italy paid a record high yield of 6.5 percent for its six-month paper, while 10-year bond yields ended last week at more than 7.3 percent, in the zone that forced Greece, Ireland and Portugal to seek international aid.

Costs for European banks of swapping euros into dollars in the currency swap market reached new three-year highs of 166 basis points on Friday, levels analysts said may make the ECB tender more attractive for dollar-funding.

Japanese government bonds fell to a three-month low as investors continued to take profits in an overbought market, and also ahead of a key 10-year auction later this week.

(Additional reporting by Ian Chua in Sydney; Editing by Alex Richardson)

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/nm/20111128/bs_nm/us_markets_global

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Sunday, November 27, 2011

NFL roundup: Panthers down winless Colts

Indianapolis (AP) - Cam Newton threw for 208 yards and ran for one score and DeAngelo Williams scored twice Sunday to help the Carolina Panthers hold off the winless Indianapolis Colts 27-19.

The Panthers (3-8) ended a 12-game road losing streak by winning outside Charlotte, N.C., for the first time since Dec. 27, 2009 when they beat the New York Giants.

Newton was 20 of 27 and carried nine times for 53 yards. Williams ran 15 times for 69 yards including the game-sealing score -- a 2-yard TD run with 10:23 left in the game.

The Colts dropped to 0-11 for the first time since 1986 and have lost six home games in a season for the sixth time in the Indianapolis era.

Curtis Painter was 15 of 29 for 226 yards with one TD for the Colts and threw two late interceptions in the end zone, ending any hopes of a comeback.

Oakland, Calif. (AP) -Sebastian Janikowski kicked a team-record six field goals and the Oakland Raiders took advantage of three interceptions from Chicago's fill-in starter Caleb Hanie to beat the Bears 25-20 Sunday.

Carson Palmer threw for 301 yards and Michael Bush iced the game with a touchdown run in the fourth quarter to lead the Raiders (7-4) to their third straight win against a Bears team missing starting quarterback Jay Cutler.

Hanie struggled in his first career start in place of Cutler, who broke his right thumb last week in Chicago's sixth straight win to put a major obstacle into what had been a promising season for the Bears (7-4).

Philadelphia - Tom Brady threw for 361 yards and three touchdowns and the New England Patriots beat the Philadelphia Eagles 38-20 Sunday in a rematch of the 2005 Super Bowl.

Filling in for the injured Michael Vick for the second straight game, Vince Young couldn't keep Philadelphia's fading playoff hopes alive despite a career-best 400 yards passing. The Eagles (4-7) are all-but-mathematically eliminated from playoff contention in a season that began with Super Bowl expectations.

Angry fans made their feelings known about coach Andy Reid, chanting "Fire Andy!" in the second half.

The defending NFC East champions fell to 1-5 at home and have lost eight of nine at the Linc, including a playoff loss to Green Bay last January.

___

FALCONS 24, VIKINGS 14

ATLANTA (AP) ? Matt Ryan tossed three touchdown passes and Atlanta held on again.

The Falcons (7-4) were up 17-0 at halftime after allowing just 97 yards. But, mimicking the previous week's closer-than-necessary victory over Tennessee, they let Minnesota (2-9) back in the game.

Toby Gerhart, filling in for injured Adrian Peterson, scored from the 1 late in the third quarter. Then, after Dominique Franks inadvertently touched a punt the Falcons were trying to avoid to set up a Vikings recovery, Christian Ponder went to Percy Harvin for a 39-yard touchdown pass on fourth-and-13 to make it 17-14.

But Ryan responded with a 3-yard scoring pass to backup Michael Palmer, and the Falcons held on downs after Harvin's 104-yard kickoff return to the Atlanta 3.

___

TEXANS 20, JAGUARS 13

JACKSONVILLE, Fla. ? Matt Leinart injured his throwing shoulder, overshadowing Houston's victory against the offensively inept Jaguars.

Arian Foster ran for 65 yards and a score, Leinart delivered a perfect touchdown pass to Joel Dreessen before leaving the game and the Texans (8-3) sacked Blaine Gabbert six times. It was good enough for their fifth consecutive win, which moved Houston a little closer to clinching the AFC South.

But Leinart's shoulder could be a serious setback.

The Texans already lost starter Matt Schaub for the season with a right foot injury. Now, they are down to T.J. Yates and newly signed Kellen Clemens.

Yates completed 8 of 15 passes for 70 yards in relief of Leinart, doing just enough to help the Texans beat the Jaguars (3-8).

Jacksonville benched Gabbert in the fourth quarter. Luke McCown led the team to a late field goal, but his fourth-down pass with about a minute remaining fell incomplete.

JETS 28, BILLS 24

EAST RUTHERFORD, N.J. (AP) ? Mark Sanchez threw four touchdown passes, including the winning score to Santonio Holmes with just over a minute remaining.

With the Jets trailing 24-21 and facing a third-and-11 from the Bills 36, Sanchez connected with Plaxico Burress, who made an impressive one-handed grab for the first down. Sanchez quickly ran a quarterback sneak and then, on the next play, rolled out to his right to buy some time and found Holmes alone in the right corner of the end zone to give the Jets the lead with 1:01 left.

The Jets (6-5) entered the game with many players saying they need to win each of their last six to make the postseason. They overcame a valiant comeback attempt by the Bills (5-6), who have lost four straight.

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CARDINALS 23, RAMS 20

ST. LOUIS (AP) ? Patrick Peterson tied the NFL record with his fourth punt return for a touchdown this season, Beanie Wells set a franchise mark with 228 yards rushing, and Arizona won its seventh in a row in St. Louis.

Wells averaged 8.4 yards per carry on a career day that included gains of 71 and 53 yards. The latter set up Jay Feely's go-ahead 22-yard field goal with 4:12 remaining. Rookie Sam Acho also had a career day on defense with two sacks and a fumble recovery for Arizona (4-7), which did enough to overcome another awful outing by John Skelton, who threw two interceptions.

Brandon Lloyd's 16-yard TD catch from Sam Bradford tied it at 20 with 7:46 to go. Nick Miller had an 88-yard punt return in the first quarter for the Rams (2-9) only three days after he re-signed with the team.

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TITANS 23, BUCCANEERS 17

NASHVILLE, Tenn. (AP) ? Chris Johnson ran for a season-high 190 yards, and Matt Hasselbeck threw a 2-yard touchdown pass to Damian Williams on fourth-and-2 with 3:01 left.

The Titans (6-5) forced five turnovers and overcame four turnovers of their own. The Bucs outscored them 14-3 off mistakes even though Tennessee got the ball three times on Tampa Bay's side of the field.

But the Titans got the ninth and final turnover of the game when rookie linebacker Colin McCarthy intercepted Josh Freeman with 2:19 left.

The Bucs (4-7) lost their fifth straight even with LeGarrette Blount running for 103 yards.

Freeman threw for 199 yards and a touchdown, but he had an interception and lost a fumble. He also fumbled the snap on fourth-and-1 before being tackled with 40 seconds left to seal the Titans' victory.

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BENGALS 23, BROWNS 20

CINCINNATI (AP) ? A.J. Green made a leaping catch for a 51-yard gain in the final minute, setting up a field goal that rallied Cincinnati.

The surprising Bengals (7-4) stayed right behind Baltimore and Pittsburgh in the AFC North with another second-half comeback forged by their rookie big-play combination.

Andy Dalton threw a high down-the-middle pass that Green went way above the defenders to grab. Green was run out of bounds at the 2, and the Browns (4-7) forced Cincinnati to settle for Mike Nugent's 26-yard field goal with 38 seconds left ? the Bengals' first lead of the game.

For the second time in three games, a botched snap cost Cleveland a chance to take a late lead. Phil Dawson was short on a 55-yard try with 1:51 left after the snap skipped along the ground, giving Cincinnati its last chance.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2011/11/27/sports/s142430S52.DTL#ixzz1ex42Sv10

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