More than ever, Barca more than club for Catalans

BARCELONA, Spain (AP) — Nearly 20 minutes into the latest clash between Spain’s most popular football teams, Barcelona‘s 98,000-seat Camp Nou stadium erupted into a deafening roar. Tens of thousands of Catalans in the city at the heart of their separatist movement chanted in unison: “Independence!”

More than ever, FC Barcelona, known affectionately as Barca, is living up to its motto of being “more than a club” for this wealthy northeastern region where Spain’s economic crisis is fueling separatist sentiment.

Lifelong Barca club member Enric Pujol was at Camp Nou for this month’s game against Real Madrid, the team of Spain’s capital. Wearing his burgundy-and-blue Barca jersey, Pujol also held one of the hundreds of pro-independence “estelada” flags, featuring a white star in a blue triangle, which bristled throughout the stands.

“It was a beautiful emotion to see Camp Nou like that,” said Pujol. “Barca is more than a club because of the values it transmits. It is linked to Catalan culture. In this sense it is a club and a social institution that acts like our flag.”

Barca has been seen as a bastion of Catalan identity dating back to the three decades of dictatorship when Catalans could not openly speak, teach or publish in their native Catalan language. Barcelona writer Manuel Vazquez Montalban famously called the football team “Catalonia‘s unarmed symbolic army.”

Barca-Real Madrid matches have a nickname: “el clasico” — the classic — and they are one of the world’s most-watched sporting events, seen by 400 million people in 30 countries. But local passions run high. In Spain, where football has deep political and cultural connotations, many see the clashes of Spain’s most successful teams as a proxy battle between wealthy Catalonia and the central government in Madrid. If Barca is a symbol of Catalan nationalism, Real Madrid is an emblem of a unified Spain.

“Look, the truth is that ever since the Civil War there has always been tension in Spain,” said Pujol. “Having traveled in Spain, they always look at us as Catalans.”

Ahead of kickoff before any “clasico,” Camp Nou traditionally greets Real Madrid players with a huge mosaic of Barcelona’s burgundy-and-blue made up of colored cards. This year, for the first time, they held up cards forming the red-and-yellow striped Catalan “senyera” flag — an explicit nationalist message. (Barca says it can neither confirm nor deny reports that its away uniform next season will be modeled on the senyera.)

Then came the crowd’s collective shout for independence at 1714 hours — in reference to the year 1714 when Barcelona fell to the troops of Philip V in the War of Spanish Succession. It was organized by a pro-independence group through social media.

Barca fan David Fort sees his team as a vehicle to show the world that Catalonia has its own language and culture, which is distinct from what he called the “bulls and flamenco” associated with Spain.

“We have this love for Barca because we have the chance to be represented around the world,” said Fort, a 38-year-old architect from the southern Catalan town of Tarragona. “When we travel and they ask me if I am Spanish, I say not exactly, but when I mention Barca they say ‘Ah! The Catalan team’, and of course since they are champions you feel proud.”

Barca, like every institution in Spain, was marked by the Spanish Civil War of the late 1930s and resulting right-wing dictatorship that ended after Franco’s death in 1975.

Franco’s soldiers killed Barca’s club president in 1936, and the club was forced to change its name from a Catalan to a Spanish version. And while Real Madrid was identified with the regime, Barca, for many, came to represent Catalan anti-fascist resistance.

“Under Franco, people could not shout ‘Long Live Catalonia!,’ but they could shout ‘Long Live Barca!’ (¡Visca Barca!)” in Catalan, said Ernest Folch, a newspaper columnist who writes about Barca for El Periodico. The chant became a kind of code for expressing Catalan pride.

“Barca is an anomaly. There is no other club with its particular history,” said Folch. “It survived the Franco dictatorship, and has always been a focal point for protest and ferment where sport has mixed with politics.”

And politics is a very hot topic these days in Catalonia.

Voters will go to the polls on Nov. 25 in regional elections sure to be judged as a litmus test of the strength of the pro-independence movement that brought 1.5 million people to the streets of Barcelona on Sept. 11 in the largest rally since the 1970s.

Catalonia is heavily in debt and has in fact asked Spain for a euros 5.9 billion ($ 75 billion) bailout. Even so, regional lawmakers voted on Sept. 27 to hold a referendum on self-determination at a date still to be determined. And although it is still unclear that a “Yes” vote would win, Spain’s central government has called such a referendum unconstitutional and will surely try to stop it from taking place.

That all puts Catalonia, and therefore Barca, in the midst of Spain’s struggles to deal with consequences of back-to-back recessions, 25 percent unemployment, and high public debt that has drawn it into the euro crisis along with already bailed-out Greece, Ireland and Portugal.

Barca’s appeal, of course, transcends its regional identity. The team is beloved throughout the world, and a poll last year found that it had displaced Real Madrid as Spain’s most popular team. Barca has 546 fan clubs in Catalonia, and 841 in the rest of Spain. Some of these fans— even in Catalonia — disagree with what they perceive as the political turn the club has taken in recent years.

“It’s surreal to talk to talk about these ideas related to independence,” said fan Jamie Easton, 27, a Spaniard born in Barcelona to a British father and a mother of Catalan descent. “Barca is a Catalan and Spanish club because Barcelona is part of Spain, and fans can feel however they want.”

The upswing in separatist sentiment in Catalonia has forced both the club and its players— many of whom form the backbone of Spain’s world champion national side — to try a difficult balancing act between supporting their most fervent pro-independence fans without alienating the millions of others who are not.

“We are Barca. We represent Catalonia and we will support whatever Catalans want,” said Barca and Spain midfielder Xavi Hernandez. But he added: “We try to isolate ourselves from everything outside the game. We know the political issue is there, and the people have the right to express themselves however they wish, but we are here to play football and make sure people have fun.”

The glaring exception to the moderate tone is former coach Pep Guardiola, a hugely popular figure in Catalonia, who appeared in a video during the Sept. 11 march saying: “Here you have my vote for independence.”

Two weeks after the politically charged “clasico,” Barca president Sandro Rosell made his first official visit to southern Spain to cool tensions at a meeting of Barca fan clubs.

“I don’t know what information you are receiving here, but I preferred to come here and say on behalf of the club that Barca will never get mixed up in political issues,” Rosell told the 1,000 Spanish fans, promising that Barca would never display a mosaic of the separatist “estelada” flag at Camp Nou.

“This doesn’t mean that this isn’t a Catalan club and that of course we will defend our roots and origins, but one thing shouldn’t be mixed with the other. One thing is politics and the other is identity. Barca unites us all.”

___

AP Writer Jorge Sainz contributed to this report from Madrid.

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In San Francisco, tech investor leads a political makeover

SAN FRANCISCO (Reuters) - One morning in April, Ron Conway, the billionaire technology investor, sat in a conference room on the second floor of San Francisco's City Hall with about 50 representatives from the city's business community.

On the agenda was a sweeping proposal by Mayor Ed Lee to reform the city's payroll tax, a plan that would favor companies with many employees but little revenue — tech start-ups, namely — while shifting the burden to the real estate and financial industries.

The head of the San Francisco Chamber of Commerce was arguing against the proposal when Conway abruptly cut him off.

"The tech industry is producing all the jobs in this city," Conway snapped, according to four people present, his voice rising as he insisted that old-line businesses "need to get on board."

In the end, they did get on board — and San Francisco voters on November 6 will decide whether to approve the change in the tax code.

Conway's success with the tax initiative demonstrates the profound transformation playing out in San Francisco's business corridors and its halls of power. As start-ups blossom, attracting a wave of entrepreneurs and investment dollars, the tech industry is wielding newfound clout in local politics — largely thanks to Conway, its brash, silver-haired champion.

The shift, local political experts say, harks back to the turn of the last century, when financial institutions like the Bank of Italy — forebear to present-day Bank of America — gradually eroded the railroad barons' grip over California politics.

Now the tech industry, led by Conway, is beginning to overshadow long-dominant local business lobbies, said Chris Lehane, a political consultant and former adviser in the Clinton White House.

"When you have a new business entity that really hasn't existed in the past and becomes a real player in local politics, that changes the balance a bit," said Lehane, who is based in San Francisco. "People like Ron Conway, he's an angel investor in companies but also an angel supporter of politicians he cares about."

Not everyone in this famously liberal city is enthused about the new tech boom, which is driving up rents and threatening to price out all but the wealthy.

"As someone who lived through the tech boom in the '90s and watched countless friends and community members get pushed out of their homes, only for the bubble to disintegrate, this is painful to watch," said Gabriel Haaland, political director for the SEIU Local 1021, the largest union in the city. "Those times are here again."

Last month, when San Francisco Magazine published an article bemoaning tech-driven gentrification, traffic on the magazine's website broke all records.

"It touched on an issue that people have been thinking about for a while," said Jon Steinberg, the magazine's editor.

Conway and Lee make no apologies.

"Tech added 13,000 out of the 25,000 new jobs we created the last couple years, which helped us bring the unemployment rate to the third-lowest in the state," Lee, a Democrat, said in an interview. "We have to work with the new jobs creators, and that's what I believe the public wants me to do."

Conway, who made his name in the 1990s by betting on small, early-stage companies and scoring a huge win with Google, says a key goal of a new civic organization he has started, San Francisco Citizens Initiative for Technology & Innovation, is to provide service jobs in tech for long-term residents and the unemployed.

"It would be great if we could create a few hundred jobs in the $50,000 to $80,000 income bracket," said Conway. "We're here to improve the living conditions for all of San Francisco. That's the responsibility tech wants to take."

ODD COUPLE

Conway and Lee have an exceptionally close relationship, one that has captivated the city's political set even while attracting accusations of favoritism from the mayor's rivals.

The two make an odd couple. Lee was a publicity-shy city bureaucrat and civil rights lawyer for decades before being named caretaker mayor of this Democratic bastion in 2011 after his predecessor was elected lieutenant governor. Conway, until recently a registered Republican, counts Tiger Woods and Henry Kissinger among his investors and considers a start-up tour with Ashton Kutcher in tow just another day's work.

In a city that faces chronic budget deficits even as it enjoys a comparatively strong economy, the relationship is symbiotic. Conway taps his access to Lee to promote his companies, from Twitter to Zynga to Airbnb; Lee persuades Conway to rally tech leaders to help fund the police, the schools, the parks.

Their alliance began only last year. As interim mayor, Lee impressed Conway when he pushed through a tax exemption for Twitter, which had considered moving out of the city to avoid the tax bill that would have resulted from an initial public offering. San Francisco imposes a 1.5 percent payroll tax on local companies, a levy that applies to any gains in an IPO.

When Lee ran for a full four-year term several months later, Conway formed an independent political action committee on his behalf. He rustled up almost $700,000 from the likes of entrepreneur Sean Parker; Zynga CEO Mark Pincus; Salesforce CEO Marc Benioff; venture capitalists John Doerr and Tom Byers; and Credit Suisse banker Bill Brady.

He also enlisted Portal A, a video production outfit consisting of three twentysomething hitmakers, to create a YouTube video that featured rapper MC Hammer, Yahoo CEO Marissa Mayer and San Francisco Giants pitcher Brian Wilson dancing on Conway's rooftop. The clip went viral and effectively drowned out ads from Lee's rivals.

A year later, Conway rated the mayor's performance a "9.5 out of 10."

"I have a tremendous respect for Mayor Lee," he said. "He listens to people. He builds consensus, and that's an improvement from the past."

Conway said he and Lee are "too busy with our day jobs" to socialize frequently. Neither likes to publicly discuss their relationship. But when the mayor turned 60 in May, Lee and his family sat down for a three-hour private dinner with Conway and his wife, Gayle, at an Italian restaurant in North Beach, according to the San Francisco Chronicle's gossip columnists.

For Conway — whose calls to the mayor's office are considered the highest priority, City Hall insiders say — no issue facing his portfolio companies is too insignificant for him to get involved. In one instance this year, after social media company Pinterest moved to San Francisco, Conway pressed officials to repaint curbs to allow employee parking near the start-up's offices, according to two people with knowledge of the matter. The city refused; Conway denied that the incident occurred.

While some cities have cracked down on services like Airbnb, which lets residents rent out spare bedrooms and can run afoul of local lodging ordinances, Lee has taken the opposite tack. This year he formed a policy-making group to consider how to regulate and foster such companies, which are part of what's known in Silicon Valley as the "sharing economy."

The mayor has also urged Conway to help city initiatives. Conway recently contributed $100,000 toward a campaign to approve bonds to restore the city's parks, and gave $25,000 to a charity founded by Lee that funds impoverished public schools. When a group of software developers tried recently to create an app that would improve public bus performance but lacked funds for a pilot program, SF Citi stepped in and cut a check.

Lee said he hoped Conway would fill a void left by recently deceased philanthropists such as Gap Inc founder Don Fisher, real estate mogul Walter Shorenstein and private equity investor Warren Hellman.

"The tech guys like Conway usually want to meet presidents and such. You never see them play so deep in local government," said one Democratic fundraiser. "It's unusual."

But the tech world says the headlong plunge into local politics is classic Conway.

"When Ron is passionate about an issue or a company or a person, it's never a secret," said Twitter CEO Dick Costolo. "He's passionate about San Francisco right now, and it's exhibiting itself in the way he helps companies in the city, the way he helps the city. It's fantastic to see."

CHANGING TAX POLICY

Conway says his top priority is passage of the payroll tax reform initiative on November 6.

The measure would tax local businesses based on their gross receipts instead of the size of their payroll, which benefits low-revenue, high-headcount companies like startups. Financial, insurance and real estate companies would see their local taxes rise by 30 percent, while taxes will remain flat for most scientific and technical companies.

Crucially, the measure would also mean that proceeds from an IPO would not be subject to taxes.

Landlords, and to a lesser extent financial services companies, conceded that they had lost their first political fight with the tech industry, but took the long view.

"We knew we were going to be socked in a big way, and we worked early and long and hard with the city for a rate that was fair," said Ken Cleaveland of the Building Owners and Managers Association. "In the end it wasn't in our best interest to fight our tenants."

(Reporting by Gerry Shih; Editing by Jonathan Weber, Douglas Royalty and Dale Hudson)

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Prowler at Cruise’s home turns out to be neighbor

BEVERLY HILLS, Calif. (AP) — Police say a security guard at actor Tom Cruise‘s house used a stun gun on a would-be prowler, but the man turned out to be an intoxicated neighbor who may have mistakenly entered the property.

Lt. Lincoln Hoshino says the confrontation occurred at Cruise’s Beverly Hills residence about 9:30 p.m. PDT Sunday when the actor and his family weren’t home.

The guard saw a man “climbing a fence to gain access to the property” and he used the stun gun to detain him for police.

The officer tells City News Service that the man was identified as a 41-year-old neighbor who lives in an adjacent property, and was intoxicated at the time.

The man was taken into custody for trespassing and treated at a hospital for any problems stemming from the stun gun.

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Plant compounds tied to less stomach cancer in women: study

(Reuters) – Getting a moderate amount of plant substances called flavonoids through food may be linked to a lower stomach cancer risk in women – but not in men, according to a European study.

The researchers, writing in the American Journal of Clinical Nutrition, found that women with the highest intake of flavonoids were half as likely to develop the disease as women who had the smallest intake.

“A flavonoid-rich diet is based on plant-based foods (such as) fruits, vegetables, whole grain cereals, nuts, legumes, and their derived products (tea, chocolate, wine),” lead author Raul Zamora-Ros told Reuters Health by email.

“This kind of diet combined with less consumption of red and processed meat can be a good way to reduce the risk of developing stomach cancer,” added Zamora-Ros, a researcher at the Catalan Institute of Oncology in Spain.

The findings don’t prove that flavonoids alone can ward off the disease, because other factors such as a healthier lifestyle may play a role.

The researchers not that past research has hinted that flavonoids may help protect against cancer, but few studies have focused on stomach cancer – the fourth most common, and the second most deadly, according to Zamora-Ros.

For the study, the researchers turned to ongoing research following almost 500,000 men and women in 10 European countries. All of the participants were between 35 and 70 years old, and had been part of the study for about 11 years.

During that time, there were 683 cases of stomach cancer, of which 288 occurred in women.

The researchers analyzed the participants’ food diaries to see how many flavonoids they are on average, then they checked to see whether or not that amount was linked to the participant’s cancer risk.

Green tea contains a large amount of flavonoids, with more than 12,511 milligrams (mg) per 100 grams (g) of leaves. Pinto beans also contain a lot, with about 769 mg per 100 g of beans.

Women who got more than 580 mg of flavonoids per day had a 51-percent-lower risk of developing stomach cancer than women who consumed no more than 200 mg a day.

“If you look at absolute numbers, this risk reduction probably wouldn’t be as significant as if we were talking about colon cancer,” said Richard peek, director of Gastroenterology, Hepatology and Nutrition at Vanderbilt University Medical Center in Nashville, who was not involved in the study.

Zamora-Ros said a person’s exact risk depends on several factors, including whether they smoke and drink, how much red and processed meat they eat, and whether they are obese.

He added that the absence of a link between flavonoids and stomach cancer in men was a surprise, and might be due to differences in how much they smoke or drink, or to hormonal differences.

Overall, he added, the study adds more evidence that “healthy lifestyles reduce the risk of chronic diseases.” SOURCE: http://bit.ly/UDC3xx

(Reporting from New York by Andrew Seaman at Reuters Health; editing by Elaine Lies)

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East Coast grinds to a halt as superstorm nears

NEW YORK (AP) — Hurricane Sandy bore down on the Eastern Seaboard's largest cities Monday, forcing the shutdown of mass transit, schools and financial markets, sending coastal residents fleeing, and threatening a dangerous mix of high winds, soaking rain and a surging wall of water up to 11 feet tall.

Sandy strengthened before dawn and stayed on a predicted path toward Washington, Baltimore, Philadelphia and New York — putting it on a collision course with two other weather systems that would create a superstorm with the potential for havoc over 800 miles from the East Coast to the Great Lakes. About 2 to 3 feet of snow were even forecast for mountainous parts of West Virginia.

The tempest could endanger up to 50 million people for days.

Many workers planned to stay home Monday as subways, buses and trains shut down across the region under the threat of flooding that could inundate tracks and tunnels. Airports also closed, and authorities warned that the time for evacuation was running out or already past. Utilities brought in extra crews, anticipating widespread power failures.

The center of the storm was positioned to come ashore Monday night in New Jersey, meaning the worst of the surge could be in the northern part of that state and in New York City and on Long Island. Higher tides brought by a full moon compounded the threat to the metropolitan area of about 20 million people.

"This is the worst-case scenario," said Louis Uccellini, environmental prediction chief for the National Oceanic and Atmospheric Administration.

As rain from the leading edges began to fall over the Northeast on Sunday, hundreds of thousands of people from Maryland to Connecticut were ordered to leave low-lying coastal areas, including 375,000 in lower Manhattan and other parts of New York City, 50,000 in Delaware and 30,000 in Atlantic City, N.J., where the city's 12 casinos shut down for only the fourth time ever.

"I think this one's going to do us in," said Mark Palazzolo, who boarded up his bait-and-tackle shop in Point Pleasant Beach, N.J., with the same wood he used in past storms, crossing out the names of Hurricanes Isaac and Irene and spray-painting "Sandy" next to them. "I got a call from a friend of mine from Florida last night who said, 'Mark, get out! If it's not the storm, it'll be the aftermath. People are going to be fighting in the streets over gasoline and food.'"

President Barack Obama declared emergencies in Massachusetts, Connecticut, Rhode Island, New York, New Jersey and Pennsylvania, authorizing federal relief work to begin well ahead of time. He promised the government would "respond big and respond fast" after the storm hits.

"My message to the governors as well as to the mayors is anything they need, we will be there, and we will cut through red tape," Obama said. "We are not going to get bogged down with a lot of rules."

Authorities warned that New York could get hit with a surge of seawater that could swamp parts of lower Manhattan, flood subway tunnels and cripple the network of electrical and communications lines that are vital to the nation's financial center.

Major U.S. financial markets, including the New York Stock Exchange, Nasdaq and CME Group in Chicago, planned a rare shutdown Monday. The NYSE closed on Sept. 27, 1985, for Hurricane Gloria. The United Nations also shut down and canceled all meetings at its New York headquarters.

New York called off school Monday for the city's 1.1 million students and announced it would suspend all train, bus and subway service Sunday night. More than 5 million riders a day depend on the transit system.

"If you don't evacuate, you are not only endangering your life, you are also endangering the lives of the first responders who are going in to rescue you," Mayor Michael Bloomberg warned. "This is a serious and dangerous storm."

New Jersey Gov. Chris Christie was typically blunt: "Don't be stupid. Get out."

Wary of being seen as putting their political pursuits ahead of public safety, Obama and Republican nominee Mitt Romney reshuffled campaign plans as the storm approached.

In Virginia, one of the most competitive states, election officials eased absentee voting requirements for those affected by the storm. Early voting was canceled Monday in Maryland and the District of Columbia.

Sandy, a Category 1 hurricane with sustained winds of 85 mph early Monday, was blamed for 65 deaths in the Caribbean before it began traveling northward, parallel to the Eastern Seaboard. As of 5 a.m. Monday, it was centered about 385 miles south-southeast of New York City, moving to the north at 15 mph, with hurricane-force winds extending an unusual 175 miles from its center.

Gale-force winds blew overnight over coastal North Carolina, southeastern Virginia, the Delmarva Peninsula and coastal New Jersey.

Sandy was expected to hook inland Monday, colliding with a wintry storm moving in from the west and cold air streaming down from the Arctic, and then cut across into Pennsylvania and travel up through New York state.

Forecasters said the combination could bring close to a foot of rain in places, a potentially lethal storm surge of 4 to 11 feet across much of the region, and punishing winds that could cause widespread power outages that last for days. The storm could also dump up to 2 feet of snow in Kentucky, North Carolina and West Virginia.

Airlines canceled nearly 7,500 flights and Amtrak began suspending train service across the Northeast. New York, Philadelphia, Washington and Baltimore moved to shut down their subways, buses and trains. Those cities shut down their schools, as did Boston. Non-essential government offices closed in the nation's capital.

Pennsylvania's largest utilities brought in hundreds of line and tree-trimming crews in anticipation of several days of power failures or intentional shutdowns in areas with heavy flooding.

In New Jersey, where utilities were widely criticized last year for slow responses after the remnants of storms Irene and Lee, authorities promised a better performance. More than 5,000 homes and businesses already were without electricity early Monday, mainly in Ocean and Cumberland counties.

About 90 miles off the coast of Cape Hatteras, N.C., 17 people abandoned a replica of the tall ship made famous in the film "Mutiny on the Bounty" after the vessel began taking on water, said Coast Guard Petty Officer 3rd Class David Weydert.

The Coast Guard is trying to determine whether to use cutters or helicopters to rescue the crew, who are in two lifeboats and are wearing survival suits and life jackets, he added.

On Sunday evening in Rehoboth, Del., only a few cars rolled along Route 1, an artery that is often bumper-to-bumper in summer.

"We were told to get the heck out. I was going to stay, but it's better to be safe than sorry," said Hugh Phillips, who was one of the first in line when a Red Cross shelter opened Sunday afternoon in neighboring Lewes.

Despite the dire warnings, some refused to budge.

Jonas Clark of Manchester Township, N.J. — right in Sandy's projected path — stood outside a convenience store, calmly sipping a coffee and wondering why people were working themselves "into a tizzy."

"I've seen a lot of major storms in my time, and there's nothing you can do but take reasonable precautions and ride out things the best you can," said Clark, 73.

The storm threatened to drench areas still recovering from last year's deluges.

In Pompton Lakes, N.J., where record flooding inundated homes a year ago, some residents were already putting belongings out near the curb in advance of the storm.

"They're figuring, divide and conquer," said resident Kevin Gogots. "They'll take the stuff they want to save and put the rest out. Of course, if the street floods again, we'll just have things floating around."

___

Breed reported from Raleigh, N.C.; Contributing to this report were AP Science Writer Seth Borenstein in Washington; Katie Zezima in Atlantic City, N.J.; David Porter in Pompton Lakes, N.J.; Wayne Parry in Point Pleasant Beach, N.J.; and David Dishneau in Delaware.

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Lithuania opens 2nd round of national election

VILNIUS, Lithuania (AP) — Voting stations have opened in the second round of Lithuania’s parliamentary elections, with the results likely to determine whether the small East European nation continues tough austerity measures in an effort to join the euro zone.

Nearly half of Parliament’s 141 seats are at stake in single-mandate district voting, which takes place two weeks after the party-list round that failed to produce a clear favorite.

Two center-left opposition parties took the most seats and have pledged to form a new coalition government, but the ruling conservative party, which came in third, still has a chance to emerge victorious as it has candidates in over half the 67 districts where voting will be held Sunday.

Opposition parties have vowed to increase social spending and postpone tentative plans to adopt the euro in 2014.

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Star Silicon Valley analyst felled by Facebook IPO fallout

SAN FRANCISCO (Reuters) - The firing of Citigroup stock analyst Mark Mahaney on Friday in the regulatory fallout from Facebook Inc's initial public offering was greeted with shock and dismay in Silicon Valley, where Mahaney was a well-known and well-liked figure.

"Pretty shocked," was the reaction of Jacob Funds Chief Executive Ryan Jacob, who described Mahaney as one of the most respected financial analysts covering the Internet industry.

"I'd put him at the top. If not at the top, then near the top," said Jacob. "He really knew what to look for."

In addition to firing Mahaney, Citigroup paid a $2 million fine to Massachusetts regulators to settle charges that the bank improperly disclosed research on Facebook ahead of its $16 billion IPO in May.

The settlement agreement said Mahaney failed to supervise a junior analyst who improperly shared Facebook research with the TechCrunch news website. (Settlement agreement: http://r.reuters.com/pyj63t)

The settlement agreement also outlined an incident in which Mahaney failed to get approval before responding to a journalist's questions about Google Inc -- and told a Citigroup compliance staffer that the conversation had not occurred -- even after being warned about unauthorized conversations with the media.

Mahaney declined to comment.

Mahaney got his start in the late 1990s, during the first dot-com boom where he worked at Morgan Stanley for Mary Meeker, one of the star analysts of the time. He went on to work at hedge fund Galleon Group before moving to Citigroup in 2005. Unlike most of his New York-based peers in the analyst world, Mahaney worked in San Francisco's financial district, close to the companies and personalities at the heart of the tech industry.

Earlier this month, Mahaney was named the top Internet analyst for the fifth straight year by Institutional Investor. The review cited fans of Mahaney who praised a "systematic" investment approach that allows him to avoid the "waffling" often evidenced by other analysts.

Mahaney's Buy rating on IAC/InteractiveCorp in April 2011, when the stock traded at $33.32, allowed investors to lock in a 51 percent gain before he downgraded the stock to a Hold at $50.31 a few months later, according to Institutional Investor.

But it wasn't only his stock picks that put him in good stead. He earned kudos for simply being a nice guy.

"He's a kind and thoughtful person and that's evident in the way he deals with people," said Jason Jones of Internet investment firm HighStep Capital. "He's very well liked on Wall Street because of that."

A CAUTIOUS VIEW ON FACEBOOK

Mahaney was only indirectly involved in the incident involving the Facebook research, according to the settlement agreement by Massachusetts regulators released on Friday. But the actions of the junior analyst who worked for him provide an unusual glimpse into the type of behind-the-scenes information trading that regulators are attempting to rein in.

While the Massachusetts regulators did not identify any of the individuals by name, Reuters has learned that the incident involved TechCrunch reporters Josh Constine and Kim-Mai Cutler as well as Citi junior analyst Eric Jacobs.

Jacobs, Constine and Cutler all did not respond to requests for comments.

In early May, shortly before Facebook's IPO, Jacobs sent an email to Cutler and Constine. Constine attended Stanford University at the same time as Jacobs.

Constine, who studied social networks such as Facebook and Twitter for his 2009 Master's degree in cybersociology at Stanford, had a close friendship with Jacobs, according to the settlement agreement.

"I am ramping up coverage on FB and thought you guys might like to see how the street is thinking about it (and our estimates)," Jacobs wrote in the email. The email included an "outline" that Jacobs said would eventually become the firm's 30-40 page initiation report on Facebook.

He also included a "Facebook One Pager" document, which contained confidential, non-public information that Citigroup obtained in order to help begin covering Facebook after the IPO.

Asked by Constine if the information could be published and attributed to an anonymous source, Jacobs responded that "my boss would eat me alive," the agreement said.

A spokeswoman for AOL Inc, which owns TechCrunch, declined to answer questions on the matter, saying only that "We are looking into the matter and have no comment at this time."

Ironically, Mahaney was one of a small group of analysts at the many banks underwriting Facebook's IPO who had cautious views of the richly valued offering. Mahaney initiated coverage of the company with a neutral rating.

Analysts at the top three underwriters on Facebook's IPO - Morgan Stanley, Goldman Sachs and J.P. Morgan - started the stock with overweight or buy recommendations.

Earlier this year, Reuters reported that Facebook had pre-briefed analysts for its underwriters ahead of its IPO, advising them to reduce their profit and revenue forecasts.

Facebook, whose stock was priced at $38 a share in the IPO, closed Friday's regular session at $21.94 and has traded as low as $17.55.

"There were tens of billions of dollars in losses based on hyping the name, a lack of skeptical information and misunderstanding the company," said Max Wolff, chief economist and senior analyst at research firm GreenCrest Capital.

"It's highly unfortunate and darkly ironic that one of the signature regulatory actions from this IPO so far involves punishing analysts for disseminating cautious information about Facebook," he added.

(Editing by Jonathan Weber, Mary Milliken and Lisa Shumaker)

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1960s music hero Riley: “The pendulum will swing”

ARLES, France (Reuters) – American composer Terry Riley, who penned the 1960s piece “In C” that earned him his reputation as “the father of minimalism” in music, thinks the pendulum will swing back to that magical time.

“I don’t really look on it with nostalgia, I just wonder how we didn’t hold onto it longer,” Riley, who has remained in the forefront of innovative music ever since, told Reuters.

“It was a very brief flame that spluttered out.”

The 77-year-old California native who taught at the progressive Mills College in Oakland, Ca. during the 1970s, said he had been dismayed by the number of students who abandoned art and music courses and drifted into business.

“To me that was like a sign of the times that materialism was becoming more important than spirituality and I think we’ve been stuck there, that’s where the pendulum has kind of stayed for awhile,” he said, talking after a performance in the ancient French city of Arles.

“Of course, it swings back and forth, we all know that, and we’re very hopeful that there will be another age of enlightenment,” he added.

Riley, who braids his grey beard and has a beaming smile, was here to create music for a visual art installation by fellow Californian Doug Aitken, incorporating images of salt mines, bull-herding and other features of the Camargue countryside surrounding Arles for a project sponsored by the Luma Foundation. (http://www.doug-aitken-arles.com/alteredearth.html)

Riley’s flowing piece in a darkened hall featured spacey, occasionally Hindi-inspired music on piano and souped-up keyboards accompanied by his guitarist son Gyan and violinist Tracy Silverman.

It was an instant hit with the local residents and invited guests who showed up to see Aitken’s images and hear Riley.

“I thought it was great, it’s not every day you see things like that around here,” said Olivier Cablat, 34, a local photographer. “The music was great, I love experimental things.”

STILL GOING STRONG

Riley is still going strong as he nears the end of his seventh decade, much of that time spent as one of the leaders of a revolutionary movement in American music that sprang up in the second half of the 20th century.

Riley, John Cage, Philip Glass and Steve Reich, to mention just four of the biggest names, stole a march on the European composers who had embraced atonalism, abstruse theories and found almost surefire ways to clear out concert halls.

“We all knew each other,” said Riley, who got into music composition and performance without the conservatory training that his son, whose first name comes from Sanskrit, has had.

“I think what I brought into it was a kind of kinetic energy which was similar to the kinetic energies arising in rock ‘n roll.”

“In C”, released as an LP in 1964, was the classical music piece heard round the world. Its mesmerizing, repetitious and trance-like cadences knocked the stuffing out of European art music and put music on the path to the streamlined, pulsing sounds popularized further by Glass in his opera “Einstein on the Beach” and Reich’s ritualistic “Music for 18 Musicians”.

Riley’s formal training came after he got interested in Indian music in the 1970s and, under the guidance of the Pakistani-born north Indian raga vocalist Pandit Pran Nath, who died in 1996, he spent about a quarter century soaking up and learning the Indian musical tradition and culture.

OLDER CULTURE

“India has a much older culture than we have in the West, it goes back 2,000 years before ours and there was an enormous storehouse of musical knowledge there, about melody and rhythm and also how to connect with each other, because music is transmitted,” Riley said, sipping a coffee in the sunny garden of a stone house adjacent to a spectacular Roman necropolis, that features in a painting by onetime Arles resident Vincent van Gogh.

Riley says he has been coming back to Western music from the vantage point of being steeped in Indian music, with results that have continued to win him followers and praising reviews for pieces ranging from chamber music to concertos to solo piano pieces and, more recently, organ music.

Thanks in part to a close partnership with the ultra-hip Kronos Quartet, a recording of Riley’s rhythmic and engaging five-quartet cycle “Salome Dances for Peace” was chosen as the best classical album of the year by USA Today and was nominated for the record industry’s prestigious Grammy in 1989.

In recent years, Riley, who is of Irish extraction on his father’s side and Italian on his mother’s, has been exploring his Irish roots, especially in work performed by the Irish contemporary music Crash Ensemble.

One of his pieces played by Crash, “Loops for Ancient-Giant-Nude-Hairy Warriors Racing Down the Slopes of Battle”, is on YouTube (http://www.youtube.com/watch?v=ikQeZZcxm64) and, Riley maintained, is based on the historic tradition of Irish tribal warriors racing into battle nude and screaming.

“They would freak out the enemy as they raced towards them naked…it was psychological warfare,” Riley said.

His maternal side may have to wait a bit longer, though, to see its embodiment in grand operatic form.

“I am very unfond of bel canto and recitative,” he said.

(Editing by Paul Casciato)

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S.Africa’s Zuma drops suit over rape cartoon: paper

JOHANNESBURG (Reuters) – South African President Jacob Zuma intends to drop a four-year-old lawsuit claiming nearly $ 600,000 in damages from a cartoonist who depicted him poised to rape “Lady Justice“, a newspaper said on Sunday.

The Sunday Times, named as a defendant in the case, said it had reached an agreement with Zuma‘s lawyers for the suit and all claims to be dropped, including the demand for monetary damages and an apology.

Officials for the South African presidency were not immediately available for comment.

The civil case had been due to start on Monday.

Zuma, facing re-election for leader of the ruling African National Congress (ANC) at the end of the year, has been criticised for pushing laws seen as trying to muzzle the media.

If the case went forward, it could have provided ammunition for foes in the party who say he wants to silence his critics through bullying.

Zuma had been seeking 4 million rand for defamation from Avusa media and an additional 1 million rand from a former Sunday Times editor for publishing the 2008 cartoon.

Ray Hartley, the current editor, said in the paper: “A lot of time and taxpayer money has been wasted on an ill-considered effort to curtail free expression.”

The cartoon from award-winning Jonathan Shapiro, better known by his pen name “Zapiro”, shows Zuma’s supporters holding down Lady Justice while Zuma stands over the woman with his trousers unzipped.

It was published when Zuma was facing corruption charges that could have blocked his path to the presidency.

A court in 2006 acquitted Zuma of raping an HIV-positive family friend in a case that garnered widespread public interest in a country with one of the world’s highest recorded rates of sexual violence.

Zuma’s ANC took a Johannesburg gallery to court and led massive street rallies earlier this year to protest a painting called “The Spear” that portrayed Zuma with his penis exposed.

The ANC, which has ruled since apartheid ended in 1994, called the image racist and intended to tarnish Zuma’s dignity.

Zuma’s critics say the image was reflective of his colourful personal life. A Zulu polygamist with four wives and more than 20 children, he has also been caught having extra-marital affairs.

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Superstorm's impact likely to be huge, officials say

SHIP BOTTOM, N.J. - Forget distinctions like tropical storm or hurricane. Don't get fixated on a particular track. Wherever it hits, the rare behemoth storm inexorably gathering in the eastern U.S. will afflict a third of the country with sheets of rain, high winds and heavy snow, say officials who warned millions in coastal areas to get out of the way.

"We're looking at impact of greater than 50 to 60 million people," said Louis Uccellini, head of environmental prediction for the National Oceanic and Atmospheric Administration.

As Hurricane Sandy barrelled north from the Caribbean — where it left nearly five dozen dead — to meet two other powerful winter storms, experts said it didn't matter how strong the storm was when it hit land: The rare hybrid storm that follows will cause havoc over 800 miles from the East Coast to the Great Lakes.

"This is not a coastal threat alone," said Craig Fugate, director of the Federal Emergency Management Agency. "This is a very large area."

President Barack Obama was monitoring the storm and working with state and locals governments to make sure they get the resources needed to prepare, administration officials said.

New Jersey Gov. Chris Christie declared a state of emergency Saturday as hundreds of coastal residents started moving inland and the state was set to close its casinos. New York's governor was considering shutting down the subways to avoid flooding and half a dozen states warned residents to prepare for several days of lost power.

Sandy weakened briefly to a tropical storm Saturday but was soon back up to Category 1 strength, packing 75 mph winds. It was about 275 miles south-southeast of Cape Hatteras, N.C., and moving northeast at 14 mph as of 2 a.m. Sunday. Forecasters said the storm was spreading tropical storm conditions across the coastline of North Carolina, and they were expected to move up the mid-Atlantic coastline late Sunday. Experts said the storm was most likely to hit the southern New Jersey coastline by late Monday or early Tuesday.

Governors from North Carolina, where heavy rain was expected Sunday, to Connecticut declared states of emergency. Delaware ordered mandatory evacuations for coastal communities by 8 p.m. Sunday.

Christie, who was widely criticized for not interrupting a family vacation in Florida while a snowstorm pummeled the state in 2010, broke off campaigning for Republican presidential nominee Mitt Romney in North Carolina on Friday to return home.

"I can be as cynical as anyone," Christie said in a bit of understatement Saturday. "But when the storm comes, if it's as bad as they're predicting, you're going to wish you weren't as cynical as you otherwise might have been."

The storm forced the presidential campaign to juggle schedules. Romney scrapped plans to campaign Sunday in the swing state of Virginia and switched his schedule for the day to Ohio. First lady Michelle Obama cancelled an appearance in New Hampshire for Tuesday, and Obama moved a planned Monday departure for Florida to Sunday night to beat the storm. He cancelled appearances in Northern Virginia on Monday and Colorado on Tuesday.

In Ship Bottom, just north of Atlantic City, Alice and Giovanni Stockton-Rossini spent Saturday packing clothing in the backyard of their home, a few hundred yards from the ocean on Long Beach Island. Their neighbourhood was under a voluntary evacuation order, but they didn't need to be forced.

"It's really frightening," Alice Stockton-Rossi said. "But you know how many times they tell you, 'This is it, it's really coming and it's really the big one' and then it turns out not to be? I'm afraid people will tune it out because of all the false alarms before ... (but) this one might be the one."

A few blocks away, Russ Linke was taking no chances. He and his wife secured the patio furniture, packed the bicycles into the pickup truck, and headed off the island.

What makes the storm so dangerous and unusual is that it is coming at the tail end of hurricane season and the beginning of winter storm season, "so it's kind of taking something from both," said Jeff Masters, director of the private service Weather Underground.

Masters said the storm could be bigger than the worst East Coast storm on record — the 1938 New England hurricane known as the Long Island Express, which killed nearly 800 people. "Part hurricane, part nor'easter — all trouble," he said. Experts said to expect high winds over 800 miles and up to 2 feet of snow as far inland as West Virginia.

And the storm was so big, and the convergence of the three storms so rare, that "we just can't pinpoint who is going to get the worst of it," said Rick Knabb, director of the National Hurricane Center in Miami.

Officials are particularly worried about the possibility of subway flooding in New York City, said Uccellini.

New York Gov. Andrew Cuomo told the Metropolitan Transportation Authority to prepare to shut the city's subways, buses and suburban trains by Sunday, but delayed making a final decision. The city shut the subways down before last year's Hurricane Irene, and a Columbia University study predicted that an Irene surge just 1 foot higher would have paralyzed lower Manhattan.

Up and down the Eastern Seaboard and far inland, officials urged residents and businesses to prepare in big ways and little.

On Saturday evening, Amtrak began cancelling train service to parts of the East Coast, including between Washington, D.C., and New York. Airlines started moving planes out of East Coast airports to avoid damage and adding flights out of New York and Washington on Sunday in preparation for flight cancellations on Monday.

The Virginia National Guard was authorized to call up to 500 troops to active duty for debris removal and road-clearing, while homeowners stacked sandbags at their front doors in coastal towns. At a Home Depot in Virginia Beach, employee Dave Jusino said the store was swamped with customers.

"We have organized chaos, is what I call it," Jusino said. "We organize a group of 10 associates, give them certain responsibilities and we just separate the lines, organize four customers at a time, load up their cars and get them out the door and then take the next customers."

Utility officials warned rains could saturate the ground, causing trees to topple into power lines, and told residents to prepare for several days at home without power. "We're facing a very real possibility of widespread, prolonged power outages," said Ruth Miller, spokeswoman for the Pennsylvania Emergency Management Agency.

Warren Ellis, who was on an annual fishing pilgrimage on North Carolina's Outer Banks, didn't act fast enough to get home. Ellis' 73-year-old father managed to get off uninhabited Portsmouth Island near Cape Hatteras by ferry Friday. But the son and his camper got stranded when high winds and surf forced the ferry service to suspend operations Saturday.

"We might not get off here until Tuesday or Wednesday, which doesn't hurt my feelings that much," said Ellis, 44, of Amissville, Va. "Because the fishing's going to be really good after this storm."

Last year, Hurricane Irene poked a new inlet through the island, cutting the only road off Hatteras Island for about 4,000.

In Connecticut, the Naval Submarine Base in Groton prepared to install flood gates and pile up sandbags to protect against flooding while its five submarines remain in port through the storm.

Lobsterman Greg Griffen in Maine wasn't taking any chances; he moved 100 of his traps to deep water, where they are less vulnerable to shifting and damage in a storm.

"Some of my competitors have been pulling their traps and taking them right home," said Griffen. The dire forecast "sort of encouraged them to pull the plug on the season."

In Muncy Valley in northern Pennsylvania, Rich Fry learned his lesson from last year, when Tropical Storm Lee inundated his Katie's Country Store.

In between helping customers picking up necessities Saturday, Fry was moving materials above the flood line. Fry said he was still trying to recover from the losses of last year's storm, when he estimates he lost $35,000 in merchandise.

"It will take a lot of years to cover that," he said.

Christie's emergency declaration will force the shutdown of Atlantic City's 12 casinos for only the fourth time in the 34-year history of legalized gambling here. The approach of Hurricane Irene shut down the casinos for three days last August.

Atlantic City officials said they would begin evacuating the gambling hub's 30,000 residents at noon Sunday, busing them to mainland shelters and schools.

Tom Foley, Atlantic City's emergency management director, recalled the March 1962 storm when the ocean and the bay met in the centre of the city.

"This is predicted to get that bad," he said.

Eighty-five-year-old former sailor Ray Leonard said if he had loved ones living in the projected landfall area, he would tell them to leave. Leonard knows to heed the warnings.

He and two crewmates in his 32-foot sailboat, Satori, rode out 1991's infamous "perfect storm," made famous by the Sebastian Junger bestseller of the same name, before being plucked from the Atlantic off Martha's Vineyard, Mass., by a Coast Guard helicopter.

"Don't be rash," Leonard said in a telephone interview Saturday from his home in Fort Myers, Fla. "Because if this does hit, you're going to lose all those little things you've spent the last 20 years feeling good about."

___

Breed reported from Raleigh, N.C. Contributing to this report were AP Science Writer Seth Borenstein in Washington; Emery Dalesio in Kill Devil Hills, N.C.; Karen Matthews and Samantha Bomkamp in New York; Glenn Adams in Augusta, Maine; Randall Chase in Lewes, Del.; Rodrique Ngowi in Boston; Ron Todt in Philadelphia and Nancy Benac in Washington.

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