Page 2 — THE LACONIA DAILY SUN, Friday, January 18, 2013
S&P 500 surges on housing starts (up) & jobless claims (down)
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THEMARKET
3DAYFORECAST
Today High: 18 Chance of snow: 0% Sunrise: 7:14 a.m.
NEW YORK (AP) — The Standard and Poor’s 500 index climbed to another five-year high after strong reports on housing starts and unemployment claims made investors more optimistic about the U.S. economy. The S&P 500 gained 8.31 points to close at 1,480.94, its highest level since December 2007. The Dow Jones industrial average also rose, climbing to a fiveyear high during the day, before falling back to finish 84.79 points higher at 13,596.02. The Nasdaq composite climbed 18.46 points to 3,136. U.S. builders started work on homes in December at the fastest pace since the summer of 2008, the Commerce Department said Thursday. Homebuilder stocks rose broadly following the report. The S&P 500’s homebuilding index climbed 3.8 percent, its biggest gain in almost a month. PulteGroup led the advance with a jump of $1.03, or 5.3 percent, to $20.37. The number of Amerisee S&P page 12
Tonight Low: 12 Chance of snow: 30% Sunset 4:36 p.m.
TODAY’SJOKE
Tomorrow High: 38 Low: 29 Sunrise: 7:14 a.m. Sunset: 4:40 p.m.
DOW JONES 84.79 to 13,596.02
Sunday High: 34 Low: 9
S&P 8.31 to 1,480.94
NASDAQ 18.46 to 3,136.00
TODAY’SWORD
hypnopompic
“I am so busy doing nothing... that the idea of doing anything — which as you know, always leads to something — cuts into the nothing and then forces me to have to drop everything.” —Jerry Seinfeld
adjective; Of or pertaining to the semiconscious state prior to complete wakefulness.
— courtesy dictionary.com
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Sheriffs, state lawmakers push back on gun control GRANTS PASS, Ore. (AP) — From Oregon to Mississippi, President Barack Obama’s proposed ban on new assault weapons and large-capacity magazines struck a nerve among rural lawmen and lawmakers, many of whom vowed to ignore any restrictions — and even try to stop federal officials from enforcing gun policy in their jurisdictions. “A lot of sheriffs are now standing up and saying, ‘Follow the Constitution,’” said Josephine County Sheriff Gil Gilbertson, whose territory covers the timbered mountains of southwestern Oregon.
But their actual powers to defy federal law are limited. And much of the impassioned rhetoric amounts to political posturing until — and if — Congress acts. Senate Majority Leader Harry Reid, a Democrat, said recently it’s unlikely an assault weapons ban would actually pass the House of Representatives. Absent action by Congress, all that remains are 23 executive orders Obama announced that apply only to the federal government, not local or state law enforcement. Gun advocates have seen Obama as an enemy despite his expression of support
for the interpretation of the Second Amendment as a personal right to have guns. So his call for new measures — including background checks for all gun buyers and Senate confirmation of a director of the Bureau of Alcohol, Tobacco, Firearms and Explosives — triggered new vows of defiance. In Mississippi, Gov. Phil Bryant, a Republican, urged the Legislature to make it illegal to enforce any executive order by the president that violates the Constitution. “If someone kicks open my door and see GUN CONTROL page 13
WILLIAMSBURG, Va. (AP) — House Republicans may seek a quick, shortterm extension of the government’s debt limit, a move that would avoid an immediate default by the Treasury as the party seeks to maximize leverage in negotiations over spending cuts with President Barack Obama this spring, officials said Thursday. “All options are on the table as far as we’re concerned,” Rep. Paul Ryan of Wis-
consin said at a news conference during a three-day retreat of the rank and file. He said private discussions focused on how best to “achieve progress on controlling our deficits and controlling our debt.” Ryan declined to say how long an extension of the government’s borrowing authority is under consideration, or what conditions might be attached. Obama has said repeatedly that he favors additional
deficit savings yet he will not negotiate spending cuts as part of an agreement to raise the current $16.4 trillion debt limit. Some Republicans have suggested they may seek unspecified reforms rather than reductions, perhaps trying to force the Democratic-controlled Senate to approve a budget. The debt limit is one of three deadlines see DEBT LIMIT page 12
Republicans in House may seek short-term debt limit extension
Algeria says army has rescued multinational hostages, death toll unclear
ALGIERS, Algeria (AP) — Algerian helicopters and special forces stormed a gas plant in the stony plains of the Sahara on Thursday to wipe out Islamist militants and free hostages from at least 10 countries. Bloody chaos ensued, leaving the fate
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cated the international military operation in neighboring Mali. At least six people, and perhaps many more, were killed — Britons, Filipinos and Algerians. Terrorized hostages from Iresee ALRGERIA page 7
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of the fighters and many of the captives uncertain. Dueling claims from the military and the militants muddied the world’s understanding of an event that angered Western leaders, raised world oil prices and compli-
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