Why pope will long be remembered




Tim Stanley says Pope Benedict will be seen as an important figure in church history.




STORY HIGHLIGHTS


  • Timothy Stanley: Benedict XVI's resignation is historic since popes usually serve for life

  • He says pope not so much conservative as asserting church's "living tradition"

  • He backed traditionalists, but a conflicted flock, scandal, culture wars a trial to papacy, he says

  • Stanley: Pope kept to principle, and if it's not what modern world wanted, that's world's problem




Editor's note: Timothy Stanley is a historian at Oxford University and blogs for Britain's The Daily Telegraph. He is the author of "The Crusader: The Life and Times of Pat Buchanan."


(CNN) -- Journalists have a habit of calling too many things "historic" -- but on this occasion, the word is appropriate. The Roman Catholic Church is run like an elected monarchy, and popes are supposed to rule until death; no pope has stepped down since 1415.


Therefore, it almost feels like a concession to the modern world to read that Benedict XVI is retiring on grounds of ill health, as if he were a CEO rather than God's man on Earth. That's highly ironic considering that Benedict will be remembered as perhaps the most "conservative" pope since the 1950s -- a leader who tried to assert theological principle over fashionable compromise.



Timothy Stanley

Timothy Stanley



The word "conservative" is actually misleading, and the monk who received me into the Catholic Church in 2006 -- roughly a year after Benedict began his pontificate -- would be appalled to read me using it. In Catholicism, there is no right or left but only orthodoxy and error. As such, Benedict would understand the more controversial stances that he took as pope not as "turning back the clock" but as asserting a living tradition that had become undervalued within the church. His success in this regard will be felt for generations to come.


Opinion: Why pope will be remembered for generations


He not only permitted but quietly encouraged traditionalists to say the old rite, reviving the use of Latin or receiving the communion wafer on the tongue. He issued a new translation of the Roman Missal that tried to make its language more precise. And, in the words of one priest, he encouraged the idea that "we ought to take care and time in preparing for the liturgy, and ensure we celebrate it with as much dignity as possible." His emphasis was upon reverence and reflection, which has been a healthy antidote to the 1960s style of Catholicism that encouraged feverish participation bordering on theatrics.


Nothing the pope proposed was new, but it could be called radical, trying to recapture some of the certainty and beauty that pervaded Catholicism before the reforming Vatican II. Inevitably, this upset some. Progressives felt that he was promoting a form of religion that belonged to a different century, that his firm belief in traditional moral theology threatened to distance the church from the people it was supposed to serve.



If that's true, it wasn't the pope's intent. Contrary to the general impression that he's favored a smaller, purer church, Benedict has actually done his best to expand its reach. The most visible sign was his engagement on Twitter. But he also reached out to the Eastern Orthodox Churches and spoke up for Christians persecuted in the Middle East.


Opinion: Huge challenges await next pope


In the United Kingdom, he encouraged married Anglican priests to defect. He has even opened up dialogue with Islam. During his tenure, we've also seen a new embrace of Catholicism in the realm of politics, from Paul Ryan's nomination to Tony Blair's high-profile conversion. And far from only talking about sex, Benedict expanded the number of sins to include things such as pollution. It's too often forgotten that in the 1960s he was considered a liberal who eschewed the clerical collar.


The divisions and controversies that occurred under Benedict's leadership had little to do with him personally and a lot more to do with the Catholic Church's difficult relationship with the modern world. As a Catholic convert, I've signed up to its positions on sexual ethics, but I appreciate that many millions have not. A balance has to be struck between the rights of believers and nonbelievers, between respect for tradition and the freedom to reject it.


As the world has struggled to strike that balance (consider the role that same-sex marriage and abortion played in the 2012 election) so the church has found itself forced to be a combatant in the great, ugly culture war. Benedict would rather it played the role of reconciler and healer of wounds, but at this moment in history that's not possible. Unfortunately, its alternative role as moral arbiter has been undermined by the pedophile scandal. Nothing has dogged this pontificate so much as the tragedy of child abuse, and it will continue to blot its reputation for decades to come.


Opinion: Echoes of past in pope's resignation


For all these problems, my sense is that Benedict will be remembered as a thinker rather than a fighter. I have been so fortunate to become a Catholic at a moment of liturgical revival under a pope who can write a book as majestic and wise as his biography of Jesus. I've been lucky to know a pope with a sense of humor and a willingness to talk and engage.


If he wasn't what the modern world wanted -- if he wasn't prepared to bend every principle or rule to appease all the people all the time -- then that's the world's problem rather than his. Although he has attained one very modern distinction indeed. On Monday, he trended ahead of Justin Bieber on Twitter for at least an hour.


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The opinions expressed in this commentary are solely those of Timothy Stanley.






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CNN slots Jake Tapper Show, cuts length of Wolf Blitzer’s “Situation Room”






LOS ANGELES (TheWrap.com) – CNN slotted new anchor Jake Tapper‘s upcoming show for 4 p.m. on weekdays, cutting Wolf Blitzer‘s “The Situation Room” back one hour, a CNN spokeswoman told TheWrap.


Tapper, lured away from ABC News in December, was CNN boss Jeff Zucker‘s first major hire since taking charge of the network. Now, with his own show coming in March, Blitzer’s program will but cut from three hours to two as it moves to the 5 p.m. to 7 p.m. time slot.






A CNN spokeswoman told TheWrap Tapper‘s show has no specific starting date yet because it is still in development.


Last month, Turner Broadcasting posted LinkedIn job openings for a senior producer at a new daily program called “Tapper.”


And on Monday, CNN named Federico Quadrani, MSNBC’s executive producer of “Jansing and Company,” as the show’s new executive producer.


Choosing Quadrani – who served as an Emmy-winning producer for NBC’s “Today” show from 2003 to 2009 – is one of Zucker’s higher profile hires as the former “Today” producer attempts to replicate his morning show success at CNN.


After taking charge of the show in 1992, Zucker led “Today” to its ratings highs before Katie Couric‘s departure for CBS. The subsequent exit of Meredith Vieira, who replaced Couric, made it vulnerable to rival “Good Morning America.”


Late last month, CNN announced that it had bought “20/20″ anchor and former “GMA” host Chris Cuomo to lead a new morning show with Erin Burnett.


TV News Headlines – Yahoo! News




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Wall Street pauses after gains, awaits Obama address

NEW YORK (Reuters) - Stocks were little changed on Tuesday, with the S&P 500 holding near multi-year highs ahead of President Barack Obama's State of the Union address.


The economy will be a major topic of Obama's speech before a joint session of Congress set for 9 p.m. (0200 GMT Wednesday). Investors will listen for any clues on a deal with Republicans to avert automatic spending cuts due to take effect March 1.


The S&P 500 has risen in the past six weeks and is up 6.5 percent so far this year. But gains have been harder to come by since the benchmark S&P index hit a five-year high on February 1. The market has to consolidate strong gains at the year's start while investors search for reasons to drive stocks higher.


"The market itself at this point has got to digest this six-plus percentage point move ... we are due for that pause," said Drew Nordlicht, managing director at HighTower Advisors in San Diego.


Investors are "looking for more data at this point going forward to support the thesis that corporate profits will continue to grow and the economy has turned the corner."


The White House has signaled Obama in his speech will urge U.S. investment in infrastructure, manufacturing, clean energy and education. He is also expected to call for comprehensive trade talks with the European Union.


With earnings season moving to its latter stages, of the 353 companies in the S&P 500 that have reported earnings, 70.3 percent have exceeded analysts' expectations, above a 62 percent average since 1994 and 65 percent over the past four quarters according to Thomson Reuters data through Tuesday morning.


Fourth-quarter earnings for S&P 500 companies are estimated to have risen 5.3 percent, according to the data, above a 1.9 percent forecast at the start of the earnings season.


The Dow Jones industrial average <.dji> gained 27.65 points, or 0.20 percent, to 13,998.89. The Standard & Poor's 500 Index <.spx> added 1.03 points, or 0.07 percent, to 1,518.04. The Nasdaq Composite Index <.ixic> dipped 1.60 points, or 0.05 percent, to 3,190.41.


Coca-Cola Co shares fell 1.9 percent to $37.88 and were the biggest drag on the Dow after the world's largest soft drink maker reported quarterly revenue slightly below analysts' estimates, hurt by a weaker-than-expected performance in Europe.


Housing shares climbed, led by a 12.9 percent jump in Masco Corp to $20.09 after the home improvement product maker posted fourth-quarter earnings and said it expects new home construction to show strong growth in 2013. The PHLX housing sector index <.hgx> gained 2.7 percent.


Avon Products shares surged 16.7 percent to $20.16 after the beauty products company reported a better-than-expected quarterly profit.


Goodyear Tire & Rubber shares lost 3.1 percent to $13.48 after it posted a stronger-than-expected quarterly profit but cut its 2013 forecast due to weakness in the European automotive market.


Michael Kors Holdings shares jumped 10.9 percent to $63.24 after the fashion company handily beat Wall Street's estimates and raised its full-year outlook.


(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)



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Obama Can’t Do Squat to Help the Economy on His Own






Early signals from the White House about Tuesday’s State of the Union speech indicate strongly that President Obama will focus on jobs and the economy — two vital subjects conspicuously downplayed in his Jan. 21st inauguration address. The weeks since then have brought news that the economy unexpectedly contracted in the fourth quarter of 2012 and that the Great Recession continues to take a toll on millions of Americans. A Rutgers University study [PDF] released last week shows that 80 percent of Americans have lost a job, or have a friend or relative who has lost a job, in the last few years.


For Obama, the need to increase hiring and economic growth is a familiar challenge — so familiar that delivering these speeches must make him feel a lot like Bill Murray in “Groundhog Day.” There remains, as always, one all-important obstacle: Congress. Any stimulus measure to boost growth and create jobs must pass the Republican-controlled House, which is not only allergic to additional spending but primarily focused on imposing further cuts. Recognizing this reality, White House advisers told Bloomberg News that, rather than go through Congress, Obama will attempt to go around it — to “circumvent lawmakers through the use of presidential power.”






Okay, sounds promising. So are there executive actions that Obama can take that will meaningfully grow the economy and create new jobs? “No,” says Robert Shapiro, chairman of the economic advisory firm Sonecon and a former Undersecretary of Commerce in the Clinton administration. “These are big problems, large obstacles, big challenges. I don’t think there’s anything within the executive powers of the president that doesn’t require legislation and would have a measurable effect on jobs. He’s got to go through Congress.”


Well, surely the president can do something, can’t he? He’s the president, after all! “Oh boy,” says Mark Zandi, chief economist at Moody’s Analytics. “There’s nothing I can think of that would let the president meaningfully turn the dial on jobs by himself.” After some thought, Zandi came up with approving the Keystone XL pipeline, scaling back environmental regulations, and possibly facilitating more mortgage refinancing activity. “But all of these things are really on the margin,” he said.


One problem the White House will run into is that it’s been here before, encountered the same obstacles, and already pulled most of the levers at its disposal to help the economy without congressional consent. In October 2011, the White House unveiled its “We Can’t Wait” initiatives, a series of presidential actions in areas from housing to education. “When it became clear that Congress wasn’t going to move,” says Kenneth Baer, a former Obama official at the Office of Management and Budget, “we looked for every way we could find to act on our own to increase economic output and job creation.” There isn’t a lot left that the White House can do.


Obama’s best hope may be to try and stave off economic damage that has not yet occurred. Recently, he has also begun making the case that the automatic “sequestration” spending cuts set to take effect on March 1 should be delayed. Obama can’t do this on his own. But there is at least some sentiment among Republicans for revisiting the sequester cuts. “The sequestration, in terms of outlays for this year, winds up about $ 60 billion — if you consider the multipliers, it comes to about half a percent of GDP,” Zandi says. “If Obama could put off the sequestration for a year, push it all into 2014, that would increase GDP in 2013 by about a half a point. That would be meaningful. But of course he needs Congress for that.”


Businessweek.com — Top News





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GaiamTV.com Partners With Sparks & Honey to Deliver Influential Trend Report on Conscious Media and Its Future






NEW YORK, NY–(Marketwire – Feb 12, 2013) – sparks & honey, a next generation cultural identification agency, along with premier Conscious Media content provider GaiamTV.com, today released a new report detailing the explosive growth and continued integration of Conscious Media into mainstream media and culture.


The study, titled “The Explosion of Conscious Media,” reveals that an astonishing 100 million people in the U.S. are already tuning into Conscious Media — defined as content that combines spiritual and scientific concepts to inspire awakening and awareness, drawing from both eastern and western traditions. The sparks & honey/GaiamTV.com report identifies who is consuming Conscious Media, where it can be found and the cultural shifts driving its adoption.






“The explosive demand for Conscious Media is not simply a topic of conversation, but rather a new way of thinking,” said Patricia Karpas, Gaiam TV Senior Vice President, Strategic Partnerships. “GaiamTV.com’s collection of Conscious Media uses the power of conversation, videos and documentaries to raise awareness and provide new perspectives. GaiamTV.com is thrilled to be ahead of the curve in creating, aggregating and curating content in this important category. We are fully committed to bringing more Conscious Media to our audiences.” 


Using sparks & honey’s proprietary trend-spotting methodology, the report involved in-depth content analysis, Conscious Media expert interviews and the study of more than 1,800 consciousness influencers including Deepak Chopra, Eckhart Tolle and Jay Weidner.


The study expects the expansion of Conscious Media to prompt rapid growth in audience interest, inciting the marketplace to respond with more compelling conscious content over the next five years.


The start of 2013 has already begun to demonstrate this growing popularity. Just last month, The Huffington Post used the Consumer Electronics Show (CES) to launch a website and app named “GPS for the Soul” to utilize mind-and-body wellness techniques to combat stress, and prominent holistic health guru Deepak Chopra introduced his new meditation device, Dreamweaver, on CONAN.


sparks & honey CEO and Founder Terry Young said, “Pairing our unique approach to identifying emerging cultural trends with Gaiam TV’s inherent understanding of the Conscious Media movement has allowed us to deliver a roadmap for brands to deeply connect with consumers and pursue conscious business principles.”


For a detailed look at sparks & honey and Gaiam TV’s findings, “The Explosion of Conscious Media” is available for download at http://whitepaper.gaiamtv.com.


About Gaiam TV
GaiamTV.com (www.gaiamtv.com) is a streaming video subscription service that offers exclusive streaming of over 5,000 films, documentaries and original programs dedicated to Conscious Media, personal growth and spirituality, featuring renowned luminaries like Deepak Chopra, Wayne Dyer, the Dalai Lama and more. It is available for $ 9.95 a month with a free 10-day trial. Along with its inspirational content, GaiamTV.com also features the world’s largest online library of yoga, fitness and wellness videos in its Active & Well category, featuring renowned instructors like Rodney Yee, Jillian Michaels, Seane Corn and Mari Winsor. In addition, GaiamTV.com offers original interviews with shows like Beyond Belief with George Noory, Gaiam Open Minds and Healing Matrix with Regina Meredith and Gaiam Inspirations with Lisa Garr. GaiamTV.com is available on Roku, iPad and iPhone. GaiamTV.com is a division of Gaiam, Inc. For more information, visit www.GaiamTV.com.


About GAIAM, Inc.
Gaiam, Inc. is a leading producer and marketer of lifestyle media and fitness accessories. With a wide distribution network that consists of retail doors, store within stores, a digital distribution platform and 10 million direct customers, Gaiam is dedicated to providing solutions for the many facets of healthy and eco-conscious living. The company dominates the health and wellness category and releases non-theatrical programming focused on family entertainment and Conscious Media. In addition, Gaiam has exclusive licensing agreements with Discovery Communications and other licensing partners.


About sparks & honey
sparks & honey (www.sparksandhoney.com) is a New York-based agency with a mission to synchronize brands with emerging culture. Employing a disruptive marketing platform and newsroom model called Wave Branding, sparks & honey leverages proprietary tools, algorithms and human insights to identify emerging cultural trends and engage brands in authentic and meaningful conversations. sparks & honey offers brands cultural innovation workshops, reports and consulting services as well as culturally infused social media and real-time content activation. sparks & honey is a part of Diversified Agency Services, a division of Omnicom Group Inc.


About Diversified Agency Services
Diversified Agency Services (DAS), a division of Omnicom Group Inc. ( NYSE : OMC ) (www.omnicomgroup.com), manages Omnicom’s holdings in a variety of marketing communications disciplines. DAS includes over 200 companies, which operate through a combination of networks and regional organizations, serving international and local clients through more than 700 offices in 71 countries.


About Omnicom Group Inc.
Omnicom Group Inc. (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.


Marketwire News Archive – Yahoo! Finance




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Nats' Gonzalez looking beyond PED allegations


VIERA, Fla. (AP) — Washington Nationals pitcher Gio Gonzalez says he has cooperated with a Major League Baseball investigation surrounding a Miami clinic where his name was reported to have shown up in records for performance-enhancing drugs.


He reiterated he's never taken them.


Gonzalez spoke Tuesday about the allegations after reporting to the Nationals' spring training facility in Viera, Fla., saying he feels confident he'll be exonerated.


He says he's been given no timetable from baseball about when the results of the investigation will be completed, but added he doesn't want it to be a distraction for his team following its first playoff appearance.


Gonzalez says he's shifted his focus to the upcoming World Baseball Classic after his recent selection to pitch for Team USA.


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“Good Day to Die Hard” takes $10 million in Asian box office






LOS ANGELES (TheWrap.com) – “Good Day to Die Hard” is off and running overseas. The Bruce Willis action film took in more than $ 10 million in its debut in seven Asian markets for Fox.


Django Unchained” was the top international moneymaker for the fourth consecutive week, adding $ 18.7 million from 66 markets. Quentin Tarantino‘s slave saga has now brought in $ 187 million overseas.






“Good Day to Die Hard” opens Thursday in North America. The leading market was Korea, where it made $ 4.2 million. It broke a Fox record in Indonesia with $ 1.4 million and was the biggest of the franchise openings in Hong Kong with $ 1.2 million.


Fox is counting on big things from “Good Day to Die Hard.” Starting with the original film in 1988, which made $ 148 million worldwide, each successive movie has made more money at the global box office.


The last one, “Live Free Or Die Hard,” made $ 383 million in 2007. In all, the “Die Hard” franchise has taken in $ 1.13 billion.


Fox also opened “Lincoln” in seven new markets, contributing to the DreamWorks’ historical drama’s roughly $ 10 million weekend overseas, in which it played in 51 territories. Australia was the top new market with $ 1.8 million for “Lincoln,” which has brought in $ 47.6 million from foreign markets overall.


“Les Miserables,” like “Lincoln” and “Django” a Best Picture Oscar nominee, also brought in roughly $ 10 million over the weekend, from 46 markets. The musical’s international gross now stands at $ 215 million.


Paramount’s 3D action fantasy “Hansel and Gretel: Witch Hunters” added $ 11.6 million from 46 regions and has now brought in $ 84 million at the foreign box office.


Disney’s video game-inspired animated film “Wreck-it Ralph” raised its overall international total to $ 207 million by adding another $ 11.7 million from 66 foreign markets.


Movies News Headlines – Yahoo! News





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Wall Street dips from multiyear highs, Fed's Yellen on tap

NEW YORK (Reuters) - Stocks slipped at the open on Monday, with the S&P and Nasdaq dipping from multiyear highs, as Google shares weighed on the market on plans by its former chief executive to sell a large chunk of his stake in the Internet company.


Trading volume was relatively low, which could make the market volatile and exaggerate moves.


Google fell 0.9 percent at $777.94 after the company said in a filing former chief executive Eric Schmidt is selling roughly 42 percent of his Google stake, a move that could potentially net him $2.51 billion.


The decline was partly offset by gains in Apple , up 1.2 percent at $480.78 after a New York Times report that the iPhone maker is experimenting with the design of a device similar to a wristwatch.


No economic data or major earnings reports are scheduled for Monday, but Federal Reserve Vice Chair Janet Yellen is due to speak about the economic recovery at 1 p.m.


Upbeat U.S. and Chinese data last week helped the S&P 500 extend its weekly winning streak to six. The benchmark is up more than 6 percent so far this year after a steep rally in January that has stalled as the S&P and Dow industrials near record highs.


The large market rally so far this year has created space for hesitation in the absence of clear catalysts, according to Steve Goldman, principal at Goldman Management in Short Hills, New Jersey.


"Some positives behind the market rally are still there, and the path of least resistance is likely to be higher," he said.


The Dow Jones industrial average <.dji> fell 35.39 points or 0.25 percent, to 13,957.58, the S&P 500 <.spx> lost 1.94 points or 0.13 percent, to 1,515.99 and the Nasdaq Composite <.ixic> dropped 5.75 points or 0.18 percent, to 3,188.12.


US Airways shares edged up as people familiar with the matter said an $11 billion merger with AMR Corp appeared closer. The deal would create the world's largest airline by passenger traffic.


Opposition grew to the $24.4 billion buyout of Dell Inc , the No. 3 personal computer maker, as three of the largest investors joined Southeastern Asset Management on Friday in raising objections. Dell said in a regulatory filing it had considered many strategic options before opting to go private in a buyout led by Chief Executive Michael Dell.


Dell shares hovered near $13.65, the buyout offer price.


Regeneron Pharmaceuticals Inc shares jumped 8 percent to $179.11 after Sanofi said it plans to buy Regeneron's common stock.


(Reporting by Rodrigo Campos; Editing by Chizu Nomiyama and Kenneth Barry)



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Gold Fields spin-off to woo Chinese investors






JOHANNESBURG (Reuters) – Sibanye Gold will seek Chinese investors and look to acquire other gold assets in South Africa, its chief executive said on Monday, its first day as a listed company.


Shares in Sibanye, a spin-off of two South African gold mines from world No. 4 bullion producer Gold Fields, were trading at 13.61 rand at 1355 GMT, valuing the business at 10.0 billion rand.






Analysts had expected the shares to trade anywhere from 8-52 rand, reflecting uncertainty over how investors would rate the assets, given restive labour relations in Africa’s largest economy.


By unloading the assets, Gold Fields hopes to make itself more attractive to investors uncomfortable with the labour and political risks associated with South Africa.


Gold Fields shares were down 0.9 percent, after factoring in the value of the spin-off.


Sibanye chief executive Neal Froneman said diversification from countries such as South Africa – which was pounded by labour strife last year that saw more than 50 people killed and shredded investor confidence – was not the only way to mitigate political risk.


“I think there is other ways of diversifying political risk and one is bringing in politically appropriate strategic partners like the Chinese,” he said.


As CEO of junior minor Gold One, Froneman oversaw the company’s acquisition by a Chinese consortium that included Baiyin Non-Ferrous Group, a subsidiary of the CITIC Group, which is China’s biggest state-owned investment company, and the China-Africa Development Fund.


Asked what Chinese investors or partners he would seek, Froneman said: “Our relationships are established with CITIC. There’s absolutely no guarantees, but if you were to talk strategically that would be sort of our thinking.”


Chinese companies have invested heavily in African resources but have made few direct forays into precious metals such as gold and platinum, though this is starting to change.


Wesizwe Platinum’s Bakubung mine is being bank-rolled by the China Development Bank (CDB) and counts mining giant Jinchuan among its shareholders.


“There are benefits to Chinese partners such as being able to access capital,” Froneman said. Wesizwe secured a $ 650 million from the CDB at Libor plus 350 basis points – an exceptionally low rate for a South African company.


GOLDEN PREY, YIELD PLAY


Froneman, a hunting enthusiast and game farmer, also said he was interested in stalking other South African gold assets but the immediate focus would be the current operations.


There has been speculation among analysts Sibanye acquisitions could include Froneman’s old company Gold One.


Froneman said Sibanye aimed to attract investors by positioning itself as a “high-yield” vehicle, which analysts say makes sense as the mines are mature and have no massive capital needs, so money can be returned to shareholders.


The company’s aim is to return 25-35 percent of normalised earnings as dividends.


“The anticipation is that this will be a high yield of at least seven percent. They will be returning cash because of the age of the mines, absent any major capital projects,” said Paul Miller, an investment banker focusing on resources at Nedbank Capital.


Sibanye’s current assets produce about 1.4 million ounces of gold per year so it will rival Harmony Gold for the no.3 ranking in South African gold production.


The old mines spun off by Gold Fields, Beatrix and KDC, were both hit by labour unrest last year. In South Africa Gold Fields is holding on to the South Deep mine, which has avoided such conflict due to its high level of mechanisation.


Economy News Headlines – Yahoo! News





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5 Great Places to Retire to Eternal Spring






Where could you retire and never have to worry about surviving another winter? Imaging a lifestyle that includes no more snow, ice, or cold weather. Even better, what if this place also has no stifling summers, excessive heat, or high humidity?


Key places around the world enjoy what are generally referred to as climates of “eternal spring.” These are mountain cities with low humidity and cool temperatures by day and cooler, even chilly temperatures at night, 365 days a year. Living in one of these places, not only would you never again have to shovel snow from your driveway or scrape ice your windshield, but you could also say goodbye to monthly heating and air conditioning bills, helping to stretch your retirement budget.






Five of the world’s best places to retire to eternal spring are also interesting, appealing, and welcoming cities. You could enjoy a rich and full life on a budget, in some cases, of as little as $ 1,000 per month. Check out these places with year-round pleasant weather:


Eternal Spring Retirement Haven #1: Cuenca, Ecuador. Cuenca is a colonial city of parks, flowers, churches, and the world’s fastest-growing community of foreign retirees. In the last eight years, the number of foreign retirees enjoying year-round spring in this charming and walkable city has increased from less than 50 to several thousand. International-standard health care and one of the most affordable costs of living and of real estate in all of Latin America also contributes to making Cuenca a top choice if you’re looking to retire to eternal spring, especially if your retirement budget is small.


Eternal Spring Retirement Haven #2: Medellin, Colombia. While Cuenca is quaint and charming, Medellin, another mountain town, is sophisticated and cosmopolitan. This is the ideal choice if you want to be able to enjoy the distractions and diversions of city life in retirement. The European undertones are strong in Medellin, from the parks and plazas to the museums and outdoor cafes. The people are well-dressed, well-mannered, and helpful. However, Medellin is more of an emerging than an established retire overseas choice, meaning you’ll need to speak at least a little Spanish to navigate life here. The cost of living is affordable, though not as low as in Cuenca. And, yes, despite what you may have heard or read otherwise, the city is safe. (Remember, Pablo Escobar is long dead.)


Eternal Spring Retirement Haven #3: Boquete, Panama. Boquete is one of the two most established communities of foreign retirees in Latin America (the other is in Ajijic, Mexico). While down at sea level this country is hot and steamy, the climate in this mountain valley town is cool, even chilly. Some homes in this part of this country come with fireplaces. As Boquete has long been recognized as a top retire overseas choice, many private communities have been developed here specifically for the foreign retiree, meaning you have good turn-key options for enjoying a life that could well resemble the one you left behind “back home.” You could easily retire here speaking not a word of Spanish, and Panama uses the U.S. dollar as its currency, meaning no currency exchange risk.


Eternal Spring Retirement Haven #4: Cafayate, Argentina. Cafayate is more remote and rugged than the other destinations on this list. On the other hand, it could be an ideal choice for anyone who has imagined life among the grape vines and all that can include. Situated in the Andes in northern Argentina, Cafayate is a quaint village, reminiscent of Santa Fe, N.M., with a dry temperate climate that has been attracting tourists and wine-lovers in growing numbers for the past decade. This is both wine and horse country, and a vast and dramatically beautiful region. In Cafayate town there are great restaurants and lots of colonial atmosphere. In the surrounding countryside there are classic-style haciendas and miles and miles of vineyards. You’d need to speak some Spanish and be the independent sort to be happy here, but there’s no denying the lifestyle appeal.


Eternal Spring Retirement Haven #5: Lake Atitlán, Guatemala. “It’s got a terrific climate, natural beauty, ancient culture, affordable living, and a growing expat community.” That’s how Guatemala expat Mike Anderson describes Lake Atitlán and its surrounding villages. Indeed, Lake Atitlán, generally recognized as “the most beautiful lake on earth,” has both an “eternal spring” climate and a cost of living that, as reported by resident expats, can be about 50 percent less than in North America. The international community here is a thriving, sociable, welcoming, and slightly unconventional. Perhaps that’s because the expats and retirees in this part of Guatemala are more interested in retiring among the local community than in creating a private, gated one of their own. If you are fit and healthy (healthcare is the Achilles heel of this region), enjoy an active outdoor life, can embrace a different culture, and are willing to learn some Spanish, this could be a very good choice.


Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group. With more than 25 years experience covering this beat, Kathleen reports daily on current opportunities for living, retiring, and investing overseas in her free e-letter. Her book, How To Retire Overseas–Everything You Need To Know To Live Well Abroad For Less, was recently released by Penguin Books.


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