Factbox: Mitt Romney, Republican U.S. presidential candidate
















(Reuters) – U.S. Republican presidential candidate Mitt Romney, the former governor of Massachusetts and private equity executive, is pursuing the White House for the second time in Tuesday’s election.


Here are key facts about him.













* Romney, 65, espouses traditional Republican positions to cut taxes, reduce federal regulations, shrink government spending and bolster the U.S. military. He vows to create 12 million new jobs in his first term with a plan focused on domestic energy development, expanded free trade, improving education, reducing the deficit and championing small business.


* He lost the 2008 Republican presidential nomination to Senator John McCain but entered this year’s race with a large campaign war chest and the blessing of many in the party establishment. Conservative unease over his reputation as a moderate led to a stiff challenge in the Republican primaries.


* His net worth has been estimated at between $ 190 million and $ 250 million, making him one of the wealthiest people to ever run for the presidency. Romney has been criticized for holding money overseas and for not disclosing as many tax releases as his opponents have demanded.


* Romney proposes to lower individual income taxes across the board to 20 percent while closing some loopholes, which he says would stimulate economic growth without widening the federal deficit. He supports restructuring the Social Security retirement program and the Medicare government health insurance program for the elderly and disabled.


* He is a fifth-generation member of the Church of Jesus Christ of Latter-Day Saints, or Mormon church. He was a Mormon missionary in France for more than two years after leaving high school and later became bishop and stake president in Boston, roles akin to being a lay pastor. His faith, however, is viewed with suspicion by some conservative evangelical Christians.


* Born into a well-off family and raised near Detroit, Romney was exposed to politics early. His father, George, was chairman of American Motors Corporation and governor of Michigan from 1963 to 1969. George Romney lost a bid for the Republican presidential nomination in 1968 and served in President Richard Nixon’s Cabinet.


* In 1994, the younger Romney ran for a U.S. Senate seat in Massachusetts as a moderate Republican, but was handily defeated by incumbent Democratic Senator Edward Kennedy. Eight years later, Romney was elected governor of Massachusetts, where he instituted a statewide healthcare reform that became a model for Obama’s 2010 national healthcare overhaul.


* In 1999, Romney took over as head of the committee organizing the 2002 Winter Olympics in Salt Lake City, Utah, which had been plagued by cost overruns and scandal, and produced a successful event that helped establish his national reputation as a premier problem-solver.


* As his party moved to the right, Romney changed his positions on sensitive social issues, including abortion and gay rights. That fueled criticism that he lacked core beliefs and was motivated only by ambition. Romney referred to himself as “severely conservative” during the 2012 Republican primaries but has projected a more moderate image during the general election campaign.


* Romney met his wife, Ann, at a high school dance and they married in 1969, while they were still in college. They have five sons and 18 grandchildren. Romney has an English degree from Utah’s Brigham Young University, which is owned and run by the Mormon church, and a joint law degree and MBA from Harvard University. He speaks French.


* Romney joined the management consultancy Bain & Company in 1977 and climbed the ranks. In 1984, he co-founded the highly profitable private equity arm Bain Capital, which invested in start-ups and fledgling companies including Staples, Sports Authority and Domino’s Pizza. Critics have highlighted the number of jobs Bain cut while Romney was at its helm.


* Romney has battled a reputation for being uncomfortable and stiff when campaigning and somewhat aloof when relating to ordinary Americans. The New York Times once described his campaign persona as “All-Business Man, the world’s most boring superhero.”


* He has little foreign policy experience. He stumbled in August during a gaffe-filled trip to Britain, Israel and Poland that was meant to burnish his credentials on the world stage. He has labeled Russia as America’s “number one geopolitical foe” and said that preventing Iran from obtaining a nuclear capability should be Washington’s highest national security priority.


(Compiled by Americas Desk; Editing by Will Dunham)


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The Greeks Are on the Brink Once More
















Not too long ago, the only people who would watch votes in the Greek Parliament were those paid to do so as part of their jobs. Over the last couple of years, though, ballots in the historic and often raucous Parliament House have become required viewing for audiences around the world. It seems that every few months Greece’s future hangs on the voting intentions of a handful of deputies that hardly anyone outside their constituencies knows. This week, the world is in for another tension-filled episode of this particular Greek drama.


Greece’s 300 MPs are being called upon to approve the structural reforms and fresh spending cuts demanded by the country’s lenders. If the bills pass, the euro zone and the International Monetary Fund will allow the disbursement of Greece’s next bailout installment of 31.5 billion euros ($ 40 billion). However, some coalition MPs have already said they will not approve the measures. If the three-party government fails to get the majority it needs, it will likely collapse and Greece’s relationship with the euro will enter a new realm of uncertainty.













In two divisive elections this summer, Greece’s traditionally dominant political forces, center-right New Democracy and center-left Pasok, just about fended off the rising anti-austerity leftist party Syriza and clung to power. They had to call on the support of the pro-European Democratic Left, though. This means the stakes are higher for the upcoming parliamentary votes than they have ever been before.


“The outcome of national elections led to a fragile coalition government, which for the first time in recent history had a main mandate to keep Greece in the euro zone, an issue that was never in question in the past,” says Manos Giakoumis, research director at Euroxx Securities, a financial-services firm in Athens. “International lenders as well as the leaders of New Democracy and Pasok view the upcoming votes in Parliament as an answer to this indirect question of whether Greece should remain part of the euro zone or not, something like a referendum.”


The government has heightened the intensity of these votes by piling all the structural reforms and austerity measures—worth 13.5 billion euros, or 4.5 percent of GDP—into one draft law. The legislation, which runs to more than 500 pages, was submitted to Parliament on Monday evening, giving MPs about 48 hours to read it before the ballot on Wednesday night. This vote will be followed by one on the 2013 budget at midnight on Sunday.


Prime Minister Antonis Samaras, the leader of New Democracy, is looking for a positive outcome in time for a meeting of euro zone finance ministers on Monday, Nov. 12, when the release of the Greek bailout should be rubber-stamped. But unrest within the coalition could scupper the premier’s plans.


Some deputies are unhappy about certain reforms demanded by the so-called troika of the European Commission, European Central Bank, and IMF, while others are loath to approve a new round of austerity knowing that it will guarantee a deepening of Greece’s five-year recession. The budget foresees a contraction of 4.5 percent of GDP next year and unemployment leveling out at almost 23 percent. Some analysts regard these predictions as optimistic and forecast the recession to be far deeper and the jobless rate, already at 25 percent, to rise further.


Democratic Left leader Fotis Kouvelis has indicated his party will not back the structural reforms because he opposes further changes to labor legislation, which has already been deregulated substantially over the past two years. One of the party’s 17 lawmakers has already quit and there are several others who have suggested they might leave if Kouvelis gives in to pressure to change his stance. On Monday, a potential compromise emerged by which Democratic Left MPs would vote “present” on Wednesday but in favor of the budget on Sunday. This would prevent Kouvelis and his deputies having to leave the coalition and thereby weakening its legitimacy.


Pasok, which had 33 seats in Parliament, also lost an MP last week after the departing deputy told party chief Evangelos Venizelos that he would vote against the bill. Since then, two more of the party’s lawmakers have said they will not support the measures. Ex-minister Andreas Loverdos said he feels he is being blackmailed into supporting the package.


Samaras met with his 127 MPs on Sunday and urged them to back the measures, arguing that this would secure Greece’s place in the euro zone. As of Monday night, the maximum votes the coalition could secure were 173 out of 300. A decision by the Democratic Left not to back the reforms would leave the government with 157 votes, still a majority but one slim enough to be threatened by desertions from Pasok or New Democracy.


To add to the tension, Alexis Tsipras, the leader of leftist Syriza, which has placed first in all of the opinion polls carried out since last month, issued on Sunday a call for new elections and more popular resistance to the government’s plans. Labor unions begin a 48-hour strike on Tuesday.


However, Giakoumis, the financial analyst, argues that receiving the next loan tranche, of which 23 billion euros will go directly toward recapitalizing Greek banks, is “probably the last chance for a rebound of the Greek economy.”


“Although recapitalization will not lead to a direct liquidity boost in the economy, it will help restore some of the lost confidence in the markets,” he says. “But potentially the clearest message would be to eliminate Greek euro exit scenarios. The approval of the disbursement should be the first step of a wider process, which would involve clear commitment by international lenders and restoring growth and confidence domestically.”


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U.S. Coast Guard suspends search for captain of replica HMS Bounty
















Charleston, South Carolina (Reuters) – The U.S. Coast Guard on Thursday suspended a four-day, round-the-clock search for Robin Walbridge, 63, the missing captain of the replica tall ship HMS Bounty, which sank in heavy seas stirred up by Hurricane Sandy.


Fourteen crew members were rescued from life rafts by Coast Guard helicopters on Monday, but Walbridge and another crew member, Claudene Christian, were washed overboard before they could make it to the rafts.













Christian, 42, was pulled from the sea later and flown to hospital, where she was pronounced dead.


“Our thoughts and prayers are with the Walbridge and Christian families,” Captain Doug Cameron, chief of incident response for the Coast Guard 5th District, said in a statement. “Suspending a search and rescue case is one of the hardest decisions we have to make.”


Crews searched more than 90 hours and covered some 12,000 square nautical miles in the Atlantic Ocean, the Coast Guard said.


The Coast Guard said earlier this week that all members of the crew wore survival suits, which had flotation capability, and that water temperatures were about 77 degrees F (25 C), raising hopes Walbridge might be found.


The three-masted, 180-foot (55-metre) ship, built for the 1962 movie, “Mutiny on the Bounty,” was on its way from New London, Connecticut, to its winter berth in St. Petersburg, Florida, and was about 160 miles from the eye of the hurricane when it foundered.


The original Bounty, a British transport ‘square rigger,’ is famed for a mutiny in 1789. Marlon Brando starred as lead mutineer Fletcher Christian in the movie for which the ship was built.


In a short video of Walbridge posted on the Bounty’s Facebook page this week, he described being captain of the Bounty as “probably one of the greatest jobs in the world.”


Walbridge worked on the Bounty for 17 years, said his wife, Claudia McCann, who spoke with Reuters by telephone earlier this week.


“That was his passion,” McCann said.


Growing up in Vermont, his mother “encouraged us to smell the sea air” on trips to visit relatives in Boston, recalled his sister, Lucille Jansen, 67.


“He always looked after his crew first,” she added. “That’s the last memory we’ll have of him because he did exactly what a captain should do. He made sure the crew was safe.”


(Editing by David Adams and Peter Cooney)


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Doctors debate value of ‘fringe’ heart treatment
















LOS ANGELES (AP) — A heart disease treatment that many doctors consider fringe medicine unexpectedly showed promise in a federal study marred by controversy, causing debate about the results.


The study tested chelation (“kee-LAY’shun”), periodic intravenous infusions said to remove calcium from hardened arteries. Chelation is used to treat lead poisoning but its safety and value for heart disease are unproven.













In a study of 1,700 heart attack survivors, fewer of those getting chelation suffered heart problems in later years than others given dummy infusions. But so many quit the study that the results are unclear. Doctors say chelation cannot be recommended yet.


Results were discussed Sunday at a heart conference in California.


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HSBC profits to gain from cuts to bad debts, costs
















LONDON (Reuters) – HSBC Holdings is expected to report a jump in quarterly profits on Monday as lower losses from bad debts and a cost-cutting plan outweigh mis-selling charges and the impact of tough economic conditions across the world.


Europe’s biggest bank will be the last of Britain’s major lenders to report and all are facing intense scrutiny on how far they are streamlining operations, the impact of tougher regulations, and their standards as they get hit with fines and compensation charges for past misconduct.













HSBC <0005.HK> Chief Executive Stuart Gulliver kicked off the bank’s restructuring in early 2011, before most rivals, and the benefit is starting to feed through to the bottom line.


The bank should report an underlying profit – after stripping out the impact of disposals and changes in the value of its own debt – in the July-September quarter of between $ 4.9 billion and $ 6.6 billion, according to a range of analysts’ forecasts, up from $ 3 billion a year earlier.


Profits will come in at $ 5.4 billion, according to Credit Suisse analysts.


HSBC, whose origins date back to 1865 as a financier of trade between Europe and Asia, operates in 84 countries and Gulliver is well into his plan for $ 3.5 billion in cuts, axe unprofitable areas and direct investment to Asia.


He has cut 27,000 jobs and sold or closed 26 businesses, including selling its U.S. credit card arm and half of its U.S. branches.


HSBC’s bad debts in the third quarter are predicted to drop to $ 2.2-2.5 billion from $ 3.9 billion a year ago. Operating costs should also drop by more than $ 1 billion.


But Gulliver faces scrutiny on whether he can get costs to below 52 percent of revenue from around 57.5 percent in the last year.


He also aims to lift return on equity, a key measure of profitability, to 12-15 percent in 2013. In H1 2012, it was 10.5 percent.


Other problems also continue to cast a shadow, including the size of a fine it faces for lax anti-money laundering controls in the United States.


On Sunday, Sky News reported that HSBC was about to raise its provision for fines from U.S. authorities by $ 800 million to $ 1.5 billion. HSBC declined to comment.


Analysts have said the bank may also have to set aside about 150 million pounds more to cover mis-selling of UK payment protection insurance.


HSBC is also one of more than a dozen banks under scrutiny in the Libor global interest rate-rigging scandal that has put the industry’s culture and standards under fire.


Chairman Douglas Flint on Monday will appear before UK lawmakers investigating standards. He will appear alongside new Barclays CEO Antony Jenkins and Santander UK boss Ana Botin at 1600 GMT.


HSBC benefits from its strong position in faster growing Asian markets, and analysts estimate its investment bank should deliver profits of more than $ 2 billion as revenues rise to $ 4.4-4.7 billion, mirroring the strong fixed income performance shown by rivals.


(Reporting by Steve Slater, additional reporting by Natalie Huet; editing by Jason Neely)


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As foreigners go, Afghan city is feeling abandoned

























KANDAHAR, Afghanistan (AP) — By switching from studying business management to training as a nurse, 19-year-old Anita Taraky has placed a bet on the future of the southern Afghan city of Kandahar — that once foreign troops are gone, private-sector jobs will be fewer but nursing will always be in demand.


Besides, if the Taliban militants recapture the southern Afghan city that was their movement’s birthplace and from which they were expelled by U.S.-led forces 11 years ago, nursing will likely be one of the few professions left open to women.





















Taraky is one of thousands of Kandaharis who are weighing their options with the approaching departure of the U.S. and its coalition partners. But while she has opted to stay, businessman Esmatullah Khan is leaving.


Khan, 29, made his living in property dealing and supplying services to the Western contingents operating in the city. Property prices are down, and business with foreigners is already shrinking, so he is pulling out, as are many others, he said.


Many are driven by a certainty that the Taliban will return, and that there will be reprisals.   


“From our baker to our electrician to our plumber, everyone was engaged with the foreign troops and so they are all targets for the Taliban. And unless the government is much stronger, when the foreign troops leave, that is the end,” Khan said.


The stakes are high. Kandahar, Afghanistan’s second city, is the southern counterweight to Kabul, the capital. Keeping Kandahar under central government control is critical to preventing the country from breaking apart into warring fiefdoms as it did in the 1990s.


“Kandahar is the gate of Afghanistan,” said Asan Noorzai, director of the provincial council. “If Kandahar is secure, the whole country is secure. If it is insecure, the whole country will soon be fighting.”


Even though Kandahar city has traffic jams and street hawkers to give it an atmosphere of normality, there are dozens of shuttered stores on the main commercial street, it’s almost too easy to find a parking space these days, and shopkeepers are feeling the pinch.


Dost Mohammad Nikzad said his profits from selling sweets have dropped by a half or more in the past year, to about $ 30 a day, and he has had to cut back on luxuries.


He said that every month he would buy a new shalwar kameez, the tunic favored by Afghan men; now he buys one every other month.


“I only go out to eat at a restaurant once a week. Before I would have gone multiple times a week,” Nikzad said, as he stood behind his counter, waiting for customers to show.


The measurements of violence levels contradict each other. On the one hand, many Kandaharis say things are better this year. On the other hand, the types of violence have changed and, to some minds, gotten worse.


“Before, we were mostly worried about bomb blasts. Now … we are afraid of worse things like assassinations and suicide attacks,” said Gul Mohammad Stanakzai, 34, a bank cashier.


Prying open the Taliban grip on Kandahar and its surrounding province has cost the lives of more than 400 international troops since 2001, and many more Afghans, including hundreds of public officials who have been assassinated by the Taliban.


Kandahar province remains the most violent in the country, averaging more than five “security incidents” a day, according to independent monitors. In Kandahar city, suicide attacks have more than doubled so far this year compared with the same period of 2011, according to U.N. figures.


“They are not fighting in the open the way they were before. Instead they are planting bombs and trying to get at us through the police and the army,” said Qadim Patyal, the deputy provincial governor.


The Taliban have said in official statements that they are focusing more on infiltrating Afghan and international forces to attack them. In the Kandahar governor’s office, armed Afghan soldiers are barred from meetings with American officials lest they turn on them, Patyal said.


And many point out that the “better security” is only relative. By all measures — attacks, bombings and civilian casualties — Kandahar is a much more violent city now than in 2008, before U.S. President Barack Obama ordered a troop surge.


There are no statistics on how many people have left the city of 500,000, but people are fleeing the south more than any other part of the country, according to U.N. figures. About 32 percent of the approximately 397,000 people who were recorded as in-country refugees were fleeing violence in the south, according to U.N. figures from the end of May.


The provincial government, which is supposed to fill the void left by the departing international forces, has suffered heavily from assassinations. It suffered a double blow in July last year with the killing of Ahmed Wali Karzai, the half-brother of President Hamid Karzai who was seen as the man who made things work in Kandahar, and Ghulam Haider Hamidi, the mayor of the city.


Now, Noorzai says, he can neither get the attention of ministers in Kabul nor trust city officials to do their jobs.


He remembers 2001, when he and others traveled to the capital flying the Afghan flag which had just been reinstated in place of that of the ousted Taliban. “People were throwing flowers and money on our car, they were so happy to have the Afghan flag flying again,” he said.


“When we got power, what did we give them in return? Poverty, corruption, abuse.”


Mohammad Omer, Kandahar’s current mayor, insists that if people are leaving the city, it is to return to villages they fled in previous years because now security has improved.


Zulmai Hafez disagrees. He has felt like a marked man since his father went to work for the government three years ago, and is too frightened to return to his home in the Panjwai district outside Kandahar city. He refused to have his picture taken or to have a reporter to his home, instead meeting at the city’s media center.


“It’s the Taliban who control the land, not the government,” Hafez said. He notes that the government administrator for his district sold off half his land, saying he would not be able to protect the entire farm from insurgents. Many believe the previous mayor was murdered because he went after powerful land barons.


Land reform is badly needed, and the mayor is angry about people who steal land, but he offers no solution. Kandahar only gets electricity about half the day. The mayor says it’s up to the Western allies to fix that. But the foreign aid is sharply down. Aid coming to Kandahar province through the U.S. Agency for International Development, the largest donor, has fallen to $ 63 million this year from $ 161 million in 2011, according to U.S. Embassy figures.


The mayor prefers to talk about investing in parks and planting trees. “I can’t resolve the electricity problem, but at least I can provide a place in the city for people to relax,” he said.


The only people thinking long-term appear to be the Taliban.


“The Americans are going and the Taliban need the people’s support, so they are trying to avoid attacks that result in civilian casualties,” said Noor Agha Mujahid, a member of the Taliban shadow government for Kandahar province, where he oversees operations in a rural district. “After 2014 … it will not take a month to take every place back.”


One of the biggest worries is the fate of women who have made strides in business and politics since the ouster of the Taliban.


“What will these women do?” asked Ehsanullah Ehsan, director of a center that trains more than 800 women a year in computers, English and business. It was at his center where Anita Taraky studied before switching to nursing.


“Even if the Taliban don’t come back, even if the international community just leaves, there will be fewer opportunities for women,” he said.


On the outskirts of the city stands one of the grandest projects of post-Taliban Kandahar — the gated community of Ayno Maina with tree-lined cement homes, wi-fi and rooftop satellite dishes.


Khan, the departing businessman, says he bought bought 10 lots for $ 66,000 in Ayno Maina and has yet to sell any of them despite slashing the price,


He recalled that when he first went to the project office it was packed with buyers. “Now it is full of empty houses. No one goes there,” Khan said.


Only about 15,000 of the 40,000 lots have been sold, and 2,400 homes built and occupied, according to Mahmood Karzai, one of the development’s main backers and a brother of President Karzai. He argues, however, that prices are down all over Afghanistan, and that Ayno Maina is still viable, provided his brother gets serious about reform that will attract investors.


“Afghanistan became a game,” he said over lunch at the Ayno Maina office. “The game is to make money and get the hell out of here. That goes for politicians. That goes for contractors.”


He shrugged off allegations that he skimmed money from Ayno Maina, saying the claims were started by competitors in Kabul who assume everyone who is building something in Afghanistan is also stealing money.


He said the money went where it was needed: to Western-style building standards and security.


In downtown Kandahar, a deserted park and Ferris wheel serve as another reminder of thwarted hopes. Built in the mid-2000s, the wheel has been idle for two years according to a guard, Abdullah Jan Samad. It isn’t broken, he said, it just needs electricity. A major U.S.-funded project to get reliable electricity to the city has floundered and generators that were supposed to provide a temporary solution only operate part-time because of fuel shortages.


“The government should be paying for maintenance for the Ferris wheel,” the guard said. “When you build something you should also make sure to maintain it.”


____


Associated Press Writer Mirwais Khan contributed to this report from Kandahar.


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Softbank changes eAccess share swap ratio after stock decline

























TOKYO (Reuters) – Japan’s Softbank Corp said on Friday it will change its share swap ratio with eAccess Ltd, which it acquired in a $ 1.84 billion deal at the start of last month.


Softbank said it will change the swap ratio to 20.09 from 16.74. The decision follows a decline in Softbank’s share price that took place after it announced in October that it would buy a 70 percent stake in Sprint Nextel Corp, the third-largest U.S. carrier.





















(Reporting by Shinichi Saoshiro; Editing by Matt Driskill)


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“Transformers” ride to open at Universal Orlando next summer

























LOS ANGELES (TheWrap.com) – Watch out, Florida; Optimus Prime is coming your way.


The Universal Orlando Resort theme park will open “Transformer: The Ride – 3D” in July 2013, bringing the experience of the hugely successful film franchise to the thrill-seeking public in ride form.





















Already in place in Universal Studios Singapore and Universal Studios Hollywood, the “Transformers” ride will be “a mind-blowing, action-packed ride experience,” Universal Orlando said in a statement.


“You will come face to face with Megatron,” Universal said. “You will dodge explosions and attacks by the Decepticons. You will fight to save mankind alongside Optimus Prime and the Autobots. It will be the greatest battle you’ll ever ride.”


“Transformers” director Michael Bay worked with Universal to develop the ride, which combines the “Transformers” characters with high-definition CGI media, 3D technology and other special effects.


“We broke the mold and have taken this ride to a new technological level in terms of blending seamless 3D,” Bay said.


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Nurses Who Saved NICU Babies Remember Harrowing Hurricane Night

























Nurses at the Neonatal Intensive Care Unit at New York University’s Langone Medical Center have challenging jobs, even in the best of times. Their patients are babies, some weighing as little as 2 pounds, who require constant and careful care as they struggle to stay alive.


On Monday night, as superstorm Sandy bore down on Manhattan, the nurses’ jobs took on a whole new sense of urgency as failing power forced the hospital’s patients, including the NICU nurses’ tiny charges, to evacuate.





















“20/20″ recently reunited seven of those nurses: Claudia Roman, Nicola Zanzotta-Tagle, Margot Condon, Sandra Kyong Bradbury, Beth Largey, Annie Irace and Menchu Sanchez. They described how they managed to do their jobs – and save the most vulnerable of lives – under near-impossible circumstances.


On Monday night, as Sandy’s wind and rain buffeted the hospital’s windows, the nurses were preparing for a shift change and the day nurses had begun to brief the night shift nurses. Suddenly, the hospital was plunged into darkness. The respirators and monitors keeping the infants alive all went silent.


For one brief moment, everyone froze. Then the alarms began to ring as backup batteries kicked in. But the coast wasn’t clear – the nurses were soon horrified to learn that the hospital’s generator had failed, and that the East River had risen to start flooding the hospital.




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“Everybody ran to a patient to make sure that the babies were fine,” Nicola Zanzotto-Tagle recalled. “If you had your phone with a flashlight on the phone, you held it right over the baby.”


For now, the four most critical patients – infants that couldn’t breathe on their own – were being supplied oxygen by battery-powered respirators, but the clock was ticking. They had, at most, just four hours before the machines were at risk of failing.


Annie Irache tended to the most critical baby — he had had abdominal surgery just the day before – as an evacuation of 20 NICU babies began.


“[He] was on medications to keep up his blood pressure,” Irache said, “and he also had a cardiac defect, so he was our first baby to go.”


One by one, each tiny infant, swaddled in blankets and a heating pad, cradled by one nurse and surrounded by at least five others, was carried down nine flights of stairs. Security guards and secretaries pitched in, lighting the way with flashlights and cell phones.


The procession moved slowly. As nurses took their careful steps, they carefully squeezed bags of oxygen into the babies’ lungs.


“We literally synchronized our steps going down nine flights,” Zanzotto-Tagle said. “I would say ‘Step, step, step.”


With their adrenaline pumping, the nurses said, it was imperative that they stay focused.


“We’re not usually bagging a baby down a stairwell … n the dark,” said Claudia Roman. “I was most worried about, ‘Let me not trip on this staircase as I’m carrying someone’s precious child, because that would be unforgivable.”


When the medical staff and the 20 babies emerged, a line of ambulances was waiting. A video of Margot Condon cradling a tiny baby as she rode a gurney struck a chord worldwide. But Condon said she had a singular goal.


“I was making sure the tube was in place, that the baby was pink,” she said. “I was not taking my eyes off that baby or that tube.”


Like other nurses, she did not feel panic. Her precious patient helped keep her calm.


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Construction output ‘still weak’


























Output in the UK construction sector was fractionally higher in October, a survey had indicated, but new work and employment shrank.





















The Markit/CIPS Construction Purchasing Managers’ Index rose to 50.9 from 49.5 in September, just above the 50 mark that separates growth from contraction.


But new orders fell for a fifth consecutive month and firms cut jobs at the fastest rate since August 2011.


“The bigger picture remains bleak,” said Markit economist Tim Moore.


“The year-ahead business outlook was still relatively subdued during October, as survey respondents cited weak spending patterns and squeezed budgets among clients,” Mr Moore said.


Within the construction sector, only civil engineering saw growth in October, a second consecutive monthly rise.


Residential building activity was the weakest performing sub-sector, with output declining for the fifth successive month. Commercial activity also dropped in October.


‘Long, dark winter’


David Noble, chief executive at the Chartered Institute of Purchasing & Supply, was pessimistic about the future.


“Despite marginal growth in October, the prospects for the construction sector are bleak as firms prepare for the worst,” he said.


“They are heading into a long, dark winter, by shedding jobs and laying off sub-contractors in response to the longest decline in new business since the start of the financial crisis.


“There is contagion right along the supply chain with rising fuel and energy costs and lengthening delivery times ensuring there is little hope of respite in the immediate future. All of this compounds the imminent threat of budget cuts in 2013.”


The PMI survey was released on the same day that the National Institute for Economic and Social Research (NIESR) economic research group warned that the recovery generally remained weak.


In its report, NIESR downgraded its UK growth forecast for next year to 1.1% from 1.3%, due to a weaker global outlook.


NIESR economist Simon Kirby described current business investment as “shockingly low”, noting that it was 14% below pre-recession levels.


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