Free power behind Punjab's decline: Report

CHANDIGARH: Punjab's biggest strength, its agriculture, is proving to be its curse as well. A report, Economic Freedom of the States in India, 2012, has analyzed the reason for Punjab's decline from 6th position to 12th and has put the blame at the doors of politicians for monopolizing trade in mandis and inflicting the curse of free rural electricity on the entire state.

The report, which was recently published, has been authored by eminent economists including Swaminathan S A Aiyar, a research fellow at the Cato Institute USA, Bibek Debroy, professor at centre for policy research, Ashok Gulati, chairman of the commission for agricultural costs and prices besides Lavessh Bhandari, also an eminent economist.

Busting the 'myths', doled out as excuses by politicians for Punjab slipping badly on the economic front, Aiyar said, " Being a border state is no excuse. Gujarat too is a border state, is the most industrialized and fastest growing state. Terrorism caused decline, yes, but 1992, when it ended, was long time ago. Chattisgarh has worse situation presently fighting Maoists, so does Orissa and Bihar, but they have surged ahead of Punjab registering 10% growth, way ahead of 'peaceful' Punjab."

The usual rhetoric doled out by politicians that Punjab is landlocked and has lost out to other states, has been slammed in the report citing example of fast growing neighboring Himachal Pradesh and Uttarakhand, which too are landlocked. "Punjab may not have rich minerals and ores but it has the biggest natural wealth - its fertile soil, which no other state can boast of," he said.

Citing real reasons for Punjab's decline, the report says, "Punjab used to have large revenue surpluses in its glory days but now it has the highest fiscal deficit. This high figure arises out of huge unwarranted subsidies, the chief culprit being free power to farmers, so that the government is not even able to pay salaries on time, leading to demoralization and cynicism among staff, who look for avenues to make money illegally. The excuse of terrorism wears thin since the state has been given debt relief by three finance commissions in a row for insurgency that died 20 years ago."

"Free electricity to farmers is sinking Punjab," says Aiyar. The report too states that apart from the destruction of acquifers, free farm electricity has now become the biggest cause of state's fiscal troubles, costing Rs 5,000 crore every year.

The report has sought to put into black and white, a known truth, which the politicians and bureaucracy keeps silent about. "Why is there so much control of government on agriculture. Why are the farmers not allowed freedom?" said Aiyar.

The report says, apart from wheat and paddy, "in case of other crops, the mandis have obtained a trade monopoly that is mercilessly exploited by a limited group of traders with political connections." Former chief secretary SC Aggarwal has been quoted saying, "several bureaucrats have attempted to end the monopoly of mandis but met with severe political resistance - traders are prominent politicians and are also traditional financers of leading political parties."

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Jodi Arias Borrowed Gas Cans Before Killing Ex













Accused murderer Jodi Arias borrowed two five-gallon gas cans from a former boyfriend the day before she drove to Arizona to kill another ex, Travis Alexander, according to testimony in Arias' murder trial today.


In cross examination, prosecutors also forced Arias' former live-in boyfriend Darryl Brewer to describe his sex life with Arias as "pretty aggressive."


Brewer, 52, dated Arias for four years and shared a home with her in California for two years. He told the court today that Arias called him in May 2008, asking to borrow gas cans, but would not explain why. She called him again at least two more times, and arrived at his house on June 2008, to borrow the cans.


On the day she picked up the gas cans she told Brewer that she was going to visit friends in California and Arizona.


Prosecutors argue that Arias then drove to Mesa, Ariz., where she allegedly had sex with Alexander, took nude photos of him, and then stabbed him 27 times, slashed his throat, and shot him twice in the head. She is charged with murder and could face the death penalty if convicted.


Arias, who claims she killed Alexander in self defense, had approached prosecutors two years ago offering to plea to a second degree murder charge, which could carry a 25 year term, but the state rejected the offer, Nancy Grace reported on Good Morning America today.


Brewer said that Arias never returned the gas cans. The pair had been broken up two years earlier and they had only spoken "sporadically," he said.








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Prosecutors also showed receipts from Arias' trip from her California home to Alexander's home in Mesa, showing that she purchased a 10 gallons of gas at one gas station the night before she drove to Arizona, and then another 10 gallons from a different gas station 10 minutes later. Prosecutors are expected to argue she brought the gas with her to fill up her car secretly on the way to Alexander's home, showing premeditation for the murder.


Arias' attorneys called Brewer as one of their first witnesses as they began mounting their case that Arias killed Alexander in self defense, arguing that Alexander was controlling and abusive toward Arias.


They asked Brewer to explain how he and Arias had been in a stable relationship for four years, from 2002 to 2006, and had bought a home together before Arias met Alexander at a business conference and began to change.


"I saw a lot of changes in Jodi. She became a different person than I had known previously," Brewer said, describing how Arias' behavior changed in May 2006 when she joined a company called Pre-Paid Legal. There, she met Alexander and began seeing him. She continued to live with Brewer.


"She had continued to pay the mortgage, but she was not paying other household bills, she began getting into debt or financial trouble," Brewer said. "For me it seemed she was not as rational or logical."


Arias also converted to Mormonism while living with Brewer, telling him that he could no longer curse and she would no longer have sex with him because she was saving herself for marriage.


The pair had previously had an "enthusiastic" and "aggressive" sex life, Brewer admitted to prosecutors. They had engaged in anal sex, Arias had taken nude photos of Brewer, and Arias had purchased breast implants in 2006, he testified.


Brewer said that after Arias began to change, he made arrangements to move closer to his son from his first marriage, and he and Arias broke up.


They kept in touch with occasional phone calls until Arias asked to borrow the gas cans in June 2008, and then called him a week after borrowing the cans to say that her friend had been killed.


Martinez, reading notes from an interview Brewer gave to authorities during the investigation into Alexander's death, asked if Arias had ever mentioned needing an "alibi." Brewer said he did not recall any conversation about alibis.


"After this date of June 4, 2008," Martinez asked, "you received a call from Jodi Arias, and she was very agitated?"


"She was sad," Brewer said.


"Did she tell you that her friend had been killed and she did not have an alibi?"


"I don't remember that," Brewer said.


Arias was arrested a month after Alexander was found dead, in July 2008.



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Soldier talks about his new arms after transplant


BALTIMORE (AP) — A soldier who lost all four limbs in an Iraq roadside bombing has two new arms following a double transplant at Johns Hopkins Hospital.


Twenty-six-year-old Brendan Marrocco along with the surgeons who treated him will be at the Baltimore hospital on Tuesday to discuss the new limbs.


The transplants are only the seventh double-hand or double-arm transplant ever conducted in the United States.


The infantryman was injured by a roadside bomb in 2009. The New York City man also received bone marrow from the same dead donor. The approach is aimed at helping his body accept the new arms with minimal medication to prevent rejection.


The military is sponsoring operations like these to help wounded troops. About 300 have lost arms or hands in the wars.


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French seal off Mali's Timbuktu, rebels torch library


GAO, Mali (Reuters) - French and Malian troops retook control of Timbuktu, a UNESCO World Heritage site, on Monday after Islamist rebel occupiers fled the ancient Sahara trading town and torched several buildings, including a library holding priceless manuscripts.


The United States and the European Union are backing a French-led intervention in Mali against al Qaeda-allied militants they fear could use the West African state's desert north as a springboard for international attacks.


The recovery of Timbuktu followed the swift capture by French and Malian forces at the weekend of Gao, another major town in Mali's north that had been occupied by the alliance of jihadist groups since last year.


The two-week-old mission by France in its former Sahel colony, at the request of Mali's government, has driven the Islamist rebels northwards out of towns into the desert and mountains.


Without a shot being fired, 1,000 French soldiers and paratroopers and 200 Malian troops seized Timbuktu airport and surrounded the town on the banks of the Niger River, looking to block the escape of insurgents.


In both Timbuktu and Gao, cheering crowds turned out to welcome the French and Malian troops.


A third town in Mali's vast desert north, Kidal, had remained in Islamist militant hands. But Malian Tuareg MNLA rebels, who are seeking autonomy for their northern region, said on Monday they had taken charge in Kidal after Islamist fighters abandoned it.


A diplomat in Bamako confirmed the MNLA takeover of Kidal.


A French military spokesman said the assault forces at Timbuktu were avoiding any fighting inside the city to protect the cultural treasures, mosques and religious shrines in what is considered a seat of Islamic learning.


But Timbuktu Mayor Ousmane Halle told Reuters departing Islamist gunmen had four days earlier set fire to the town's new Ahmed Baba Institute, which contained thousands of manuscripts.


UNESCO spokesman Roni Amelan said the Paris-based U.N. cultural agency was "horrified" by the news of the fire, but was awaiting a full assessment of the damage.


Ali Baba, a worker at the Ahmed Baba Institute, told Sky News in Timbuktu more than 3,000 manuscripts had been destroyed. "They are bandits. They have burned some manuscripts and also stole a lot of manuscripts which they took with them," he said.


Marie Rodet, an African history lecturer at Britain's School of Oriental and African Studies, said Timbuktu held one of the greatest libraries of Islamic manuscripts in the world.


"It's pure retaliation. They (the Islamist militant rebels) knew they were losing the battle and they hit where it really hurts," Rodet told Reuters. "These people are not interested in any intellectual debate. They are anti-intellectual."


ISLAMISTS "ALL FLED"


The Ahmed Baba Institute, one of several libraries and collections in Timbuktu containing fragile documents dating back to the 13th century, is named after a Timbuktu-born contemporary of William Shakespeare and houses more than 20,000 scholarly manuscripts. Some were stored in underground vaults.


The French and Malians have encountered no resistance so far in Timbuktu. But they will now have to comb through a labyrinth of ancient mosques, monuments, mud-brick homes and narrow alleyways to flush out any hiding fighters.


The Islamist forces comprise a loose alliance that groups Al Qaeda in the Islamic Maghreb (AQIM) with Malian Islamist group Ansar Dine and AQIM splinter MUJWA.


They have retreated in the face of relentless French air strikes and superior firepower and are believed to be sheltering in the rugged Adrar des Ifoghas mountain range, north of Kidal.


The MNLA Tuareg rebels who say they now hold Kidal have offered to help the French-led offensive against the al Qaeda-affiliated Islamists. It was not clear, however, whether the French and Malians would steer their offensive further towards Kidal, or hold negotiations with the MNLA.


FRANCE: MALI "BEING LIBERATED"


The world was shocked by Timbuktu's capture in April by Tuareg fighters, whose separatist rebellion was later hijacked by Islamist radicals who imposed severe sharia (Islamic law).


Provoking international outrage, the Muslim militants - who follow a more radical Salafist brand of Islam - destroyed dozens of ancient shrines in Timbuktu sacred to Sufi Muslims, condemning them as idolatrous and un-Islamic.


They also imposed a strict form of Islamic law, or sharia, authorizing the stoning of adulterers and amputations for thieves, while forcing women to go veiled.


On Sunday, many women among the thousands of Gao residents who came out to celebrate the rebels' expulsion made a point of going unveiled. Other residents smoked cigarettes and played music to flout the bans previously imposed by the rebels.


Hundreds of troops from Niger and Chad have been brought to Gao to help secure the town.


"Little by little, Mali is being liberated," French Foreign Minister Laurent Fabius told France 2 television.


Speaking at a news conference in Paris, French President Francois Hollande said French troops would take a step back once the job of retaking key towns was complete, and Malian and other African troops would take over the task of hunting the rebels.


"They are the ones who will go into the northern part, which we know is the most difficult because that's where the terrorists are hiding," Hollande said.


As the French and Malian troops thrust into northern Mali, African troops for a U.N.-backed continental intervention force for Mali, expected to number 7,700, are being flown into the country, despite severe delays and logistical problems.


Outgoing African Union Chairman President Thomas Boni Yayi of Benin scolded AU states at a weekend summit in Addis Ababa for their slow response to assist Mali while former colonial power France took the lead in the military operation.


Burkina Faso, Benin, Nigeria, Senegal, Togo, Niger and Chad are providing soldiers for the AFISMA force. Burundi and other nations have pledged to contribute.


AU Peace and Security Commissioner Ramtane Lamamra said these regional troops could play a useful "clean-up" role once the main military operations against the Islamist rebels end.


Speaking in Addis Ababa on Monday, U.N. Secretary-General Ban Ki-moon said the U.N. was "actively considering" helping the troop-contributing African countries with logistical support.


(Additional reporting by Richard Valdmanis in Sevare, Mali, Bate Felix and David Lewis in Dakar, Maria Golovina in London, Alexandria Sage, Vicky Buffery and Emmanuel Jarry in Paris, Tiemoko Diallo in Bamako, Abdoulaye Massalatchi in Niamey, Richard Lough and Aaron Masho in Addis Ababa; Writing by Pascal Fletcher; Editing by Andrew Heavens)



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Golf: Tiger wins Torrey Pines title for 75th career crown






LA JOLLA: World No. 2 Tiger Woods captured his 75th career title on Monday, winning the US PGA Farmers Insurance Open by four strokes for his record-setting eighth career triumph at Torrey Pines.

Despite struggling in windy conditions Monday over the final 11 holes, Woods showed flashes of the form that has brought him 14 major titles as he chases the all-time record of 18 won by Jack Nicklaus.

Woods won his most recent major title at the 2008 US Open at Torrey Pines and has also won the PGA event staged at Torrey Pines seven times. No other PGA player has won so many times on a single course.

A fog delay Saturday led to the Monday finish, with darkness halting Woods on Sunday after seven holes.

Woods completed a final-round par 72 Monday despite going three-over in the closing stretch, finishing 72 holes on 14-under par 274. Brandt Snedeker, the 2012 winner, and Josh Teater shared second on 278.

Woods had two bogeys and a double bogey between the 14th and 17th holes, but managed a par at the par-5 18th to close out the victory.

"It got a little ugly toward the end," Woods said. "I started losing my patience with slow play and lost my concentration there a little bit. But I was able to get my par there at 18 and got the win."

After missing the cut in his season opener at Abu Dhabi, Woods collected his first victory since last July at the US PGA National at Congressional.

- AFP/jc



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Shettar does a BSY, meets pontiffs to stave off crisis

BANGALORE: Chief minister Jagadish Shettar has garnered the support of over 65 pontiffs from various caste denominations to save his government. Shettar is doing exactly what former CM BS Yeddyurappa had done as CM, whenever there was a crisis and an outbreak of rebellion against him in the party.

To save his government from the MLAs supporting BSY, Shettar on Sunday morning met 65 pontiffs from various caste denominations, representing mutts from across the state, and sought their support. Most of the pontiffs were representatives of mutts belonging to SC, ST and OBC communities. He promised to keep up the BJP's tradition of rolling out goodies to the mutts and religious institutions for their social and educational activities. After the meeting, the pontiffs unanimously batted for Shettar and declared that he should be allowed to present the budget and complete his term.

Pontiff Madara Channaiah said: "Shettar has the vision of Kalyana Karnataka (welfare of Karnataka). It will help people. He is a good administrator. His government shouldn't be pulled down. He has promised to support mutts and religious institutions financially in the budget. He should be allowed to complete his term. All MLAs belonging to SC, ST and OBCs should support him.''

The CM said: "It is my good fortune that they met me and supported me. I am honoured. I've their blessings. The vision of Kalyana Karnataka is their wish. It is our duty to help in dharma jagriti (religious awareness) and social development. Our BJP government has always supported mutts in the past four-and-a-half years. We are committed to continue it. I am supporting the mutts and religious institutions in my budget.''

Fourteen rebel MLAs have planned to tender their resignations to the Speaker on Monday, sparking speculation over what BSY will do now, having got a taste of his own medicine on building a rapport with religious leaders. However, sources close to him said he is adamant about going ahead with his plans and may not yield to pressure tactics.

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US Mom Missing in Turkey Took Side Trips













Sarai Sierra, the New York mother who disappeared in Turkey while on a solo trip, took several side excursions out of the country, but stayed in contact with her family the entire time, a family friend told ABC News.


Turkish media reported today that police were trying to establish why Sierra visited Amsterdam and Munich. Police were also trying to establish the identity of a man Sierra, 33, was chatting with on the Internet, according to local media.


Rachel Norman, a family friend, said the man was a group tour guide from the Netherlands and said Sierra stayed in regular touch with her family in New York.


Steven Sierra, Sarai's husband, and David Jimenez, her brother, arrived in Istanbul today to aid in the search.


The men have been in contact with officials from the U.S. consulate in the country and plan to meet with them as soon as they open on Tuesday, Norman said.


After that, she said Sierra and Jimenez would meet with Turkish officials to discuss plans and search efforts.






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Sarai Sierra was supposed to fly back to the United States on Jan. 22, but she never showed up for her flight home.


Her two boys, ages 11 and 9, have not been told their mother is missing.


Sierra, an avid photographer, left New York on Jan. 7. It was her first overseas trip, and she decided to go ahead after a friend had to cancel, her family said.


"It was her first time outside of the United States, and every day while she was there she pretty much kept in contact with us, letting us know what she was up to, where she was going, whether it be through texting or whether it be through video chat, she was touching base with us," Steven Sierra told ABC News before he departed for Istanbul.


But when it came time to pick her up from Newark Liberty International Airport in New Jersey, Sierra wasn't on board her scheduled flight.


Steven Sierra called United Airlines and was told his wife had never boarded the flight home.


Further investigation revealed she had left her passport, clothes, phone chargers and medical cards in her room at a hostel in Beyoglu, Turkey, he said.


The family is suspicious and said it is completely out of character for the happily married mother, who met her husband in church youth group, to disappear.


The U.S. Embassy in Turkey and the Turkish National Police are involved in the investigation, WABC-TV reported.


"They've been keeping us posted, from my understanding they've been looking into hospitals and sending out word to police stations over there," Steven Sierra said. "Maybe she's, you know, locked up, so they are doing what they can."



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CDC: Flu seems to level off except in the West


New government figures show that flu cases seem to be leveling off nationwide. Flu activity is declining in most regions although still rising in the West.


The Centers for Disease Control and Prevention says hospitalizations and deaths spiked again last week, especially among the elderly. The CDC says quick treatment with antiviral medicines is important, in particular for the very young or old. The season's first flu case resistant to treatment with Tamiflu was reported Friday.


Eight more children have died from the flu, bringing this season's total pediatric deaths to 37. About 100 children die in an average flu season.


There is still vaccine available although it may be hard to find. The CDC has a website that can help.


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CDC: http://www.cdc.gov/flu/


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Nightclub fire kills 233 in Brazil


SANTA MARIA, Brazil (Reuters) - A nightclub fire killed at least 233 people in southern Brazil on Sunday when a band's pyrotechnics show set the building ablaze and fleeing partygoers stampeded toward blocked exits in the ensuing panic.


Most of those who died were suffocated by toxic fumes that rapidly filled the crowded club after sparks from pyrotechnics used by the band for visual effects set fire to soundproofing on the ceiling, local fire officials said.


"Smoke filled the place instantly, the heat became unbearable," survivor Murilo Tiescher, a medical student, told GloboNews TV. "People could not find the only exit. They went to the toilet thinking it was the exit and many died there."


Firemen said one exit was locked and that club bouncers, who at first thought those fleeing were trying to skip out on bar tabs, initially blocked patrons from leaving. The security staff relented only when they saw flames engulfing the ceiling.


The tragedy in the university town of Santa Maria in one of Brazil's most prosperous states comes as the country scrambles to improve safety, security and logistical shortfalls before the 2014 World Cup soccer tournament and the 2016 Olympics, both intended to showcase the economic advances and first-world ambitions of Latin America's largest nation.


In Santa Maria, a city of more than 275,000 people, rescue workers and weary officials wept alongside family and friends of the victims at a gymnasium being used as a makeshift morgue.


"It's the saddest, saddest day of my life," said Neusa Soares, the mother of one of those killed, 22-year-old Viviane Tolio Soares. "I never thought I would have to live to see my girl go away."


President Dilma Rousseff cut short an official visit to Chile and flew to Santa Maria, where she wept as she spoke to relatives of the victims, most of whom were university students.


"All I can say at the moment is that my feelings are of deep sorrow," said Rousseff, who began her political career in Rio Grande do Sul, the state where the fire occurred.


It was the deadliest nightclub fire since 309 people died in a discotheque blaze in China in 2000 and Brazil's worst fire at an entertainment venue since a disgruntled employee set fire to a circus in 1961, killing well over 300 people.


'BARRIER OF THE DEAD'


Local authorities said 120 men and 113 women died in the fire, and 92 people are still being treated in hospitals.


News of the fire broke on Sunday morning, when local news broadcast images of shocked people outside the nightclub called Boate Kiss. Gradually, grisly details emerged.


"We ran into a barrier of the dead at the exit," Colonel Guido Pedroso de Melo, commander of the fire brigade in Rio Grande do Sul, said of the scene that firefighters found on arrival. "We had to clear a path to get to the rest of those that were inside."


Pedroso de Melo said the popular nightclub was overcrowded with 1,500 people packed inside and they could not exit fast.


"Security guards blocked their exit and did not allow them to leave quickly. That caused panic," he said.


The fire chief said the club was authorized to be open, though its permit was in the process of being renewed. But he pointed to several egregious safety violations - from the flare that went off during the show to the locked door that kept people from getting out.


"The problem was the use of pyrotechnics, which is not permitted," Pedroso de Melo said.


The club's management said in a statement that its staff was trained and prepared to deal with any emergency. It said it would help authorities with their investigation.


One of the club's owners has surrendered to police for questioning, GloboNews TV reported.


When the fire began at about 2:30 a.m., many revelers were unable to find their way out in the chaos.


"It all happened so fast," survivor Taynne Vendrusculo told GloboNews TV. "Both the panic and the fire spread rapidly, in seconds."


Once security guards realized the building was on fire, they tried in vain to control the blaze with a fire extinguisher, according to a televised interview with one of the guards, Rodrigo Moura. He said patrons were trampled as they rushed for the doors, describing it as "a horror film."


Band member Rodrigo Martins said the fire started after the fourth or fifth song and the extinguisher did not work.


"It could have been a short circuit, there were many cables there," Martins told Porto Alegre's Radio Gaucha station. He said there was only one door and it was locked. A band member died in the fire.


CELL PHONES STILL RINGING


TV footage showed people sobbing outside the club before dawn, while shirtless firefighters used sledge hammers and axes to knock down an exterior wall to open up an exit.


Rescue officials moved the bodies to the local gym and separated them by gender. Male victims were easier to identify because most had identification on them, unlike the women, whose purses were left scattered in the devastated nightclub.


Piles of shoes remained in the burnt-out club, along with tufts of hair pulled out by people fleeing desperately. Firemen who removed bodies said victims' cell phones were still ringing.


The disaster recalls other incidents including a 2003 fire at a nightclub in West Warwick, Rhode Island, that killed 100 people, and a Buenos Aires nightclub blaze in 2004 that killed nearly 200. In both incidents, a band or members of the audience ignited fires that set the establishment ablaze.


The Rhode Island fire shocked local and federal officials because of the rarity of such incidents in the United States, where enforcement of safety codes is considered relatively strict. After the Buenos Aires blaze, Argentine officials closed many nightclubs and other venues and ultimately forced the city's mayor from office because of poor oversight of municipal codes.


The fire early on Sunday occurred in one of the wealthiest, most industrious and culturally distinct regions of Brazil. Santa Maria is about 186 miles west of Porto Alegre, the capital of a state settled by Germans and other immigrants from northern Europe.


Local clichés paint the region as stricter and more organized than the rest of Brazil, where most residents are a mix descended from native tribes, Portuguese colonists, African slaves, and later influxes of immigrants from southern Europe.


Rio Grande do Sul state's health secretary, Ciro Simoni, said emergency medical supplies from all over the state were being sent to the scene. States from all over Brazil offered support, and messages of sympathy poured in from foreign leaders.


(Additional reporting by Guillermo Parra-Bernal, Gustavo Bonato, Jeferson Ribeiro, Eduardo Simões, Brian Winter and Guido Nejamkis.; Writing by Paulo Prada and Anthony Boadle; Editing by Todd Benson, Kieran Murray and Christopher Wilson)



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Tokyo stocks open up 0.7%






TOKYO: Tokyo stocks opened 0.70 percent higher on Monday after the yen continued to fall against other major currencies.

The Nikkei 225 index at the Tokyo Stock Exchange was up 76.21 points at 11,002.86 at the start.

"The weaker yen continues to fuel the ongoing rally," said SMBC Nikko Securities general manager of equities Hiroichi Nishi.

"And with earnings reporting season kicking into high gear this week, companies' outlooks for the (January-March) fourth quarter will be closely watched," he told Dow Jones Newswires.

The dollar was at 91.09 yen in early Asian trade, up from 90.87 yen in New York Friday afternoon.

The euro rose to $1.3466 and 122.54 yen from $1.3457 and 122.28 yen in US trade.

Bullish Wall Street activity was also encouraging, with the much-watched S&P 500 closing above the 1,500 mark for the first time in five years on Friday.

The broad-based S&P 500 added 0.54 percent to 1,502.96 as strong earnings reports from Procter and Gamble, Halliburton and other equities propelled US markets higher.

The Dow Jones Industrial Average closed up 0.51 percent to 13,895.98, its best level since October 2007.

- AFP/de



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