Liberty Global to buy Virgin Media







US billionaire John Malone’s cable group, Liberty Global, has agreed to buy the UK’s Virgin Media in a cash and stock deal worth $ 23.3bn (£15bn).






The deal will create the world’s largest broadband company, with 25 million customers in 14 countries.


In the UK, it will be the second biggest pay-TV business after BSkyB.


The merger, subject to shareholder and regulatory approval, puts Mr Malone in competition with Rupert Murdoch, whose media empire owns 39% of BSkyB.


Liberty Global already has operations in various European countries including Germany and Belgium.


“Adding Virgin Media to our large and growing European operations is a natural extension of the value creation strategy we’ve been successfully using for over seven years,” said Mike Fries, chief executive of Liberty Global.


Under the terms of the agreement, Virgin Media shareholders will receive $ 17.50 in cash, 0.2582 Liberty Global Series A shares and 0.1928 Liberty Global Series C shares for each Virgin Media share that they hold.


This implies a price of $ 47.87 per Virgin Media share – a 24% premium to Virgin Media’s closing price on 4 February.


Alongside the announcement of the deal, Virgin Media reported a 30% rise in operating profit to £699.1m last year.


It said it added a record 88,700 new customers to its cable business during the year.


Shares jump


Continue reading the main story
  • Revenues of $ 10bn, 90% coming from Europe

  • Nearly $ 1bn of revenues from Chile

  • Operates in 13 countries

  • Over 34 million video, voice and internet subscriptions

  • Consumer brands include UPC, Unitymedia, Kabel BW, Telenet and VTR

  • 19.6 million customers

  • 21,000 employees worldwide

  • Market capitalisation of nearly $ 18bn

  • Debt of nearly $ 30bn

Figures correct as at September 2012



Neil Berkett, chief executive of Virgin Media, said: “The combined company will be able to grow faster and deliver enhanced returns by capitalising on the exciting opportunities that the digital revolution presents, both in the UK and across Europe.”


Virgin Media was created from the merger of NTL and Telewest, and Sir Richard Branson’s Virgin Mobile in 2006.


As part of that deal Sir Richard retained a 3% stake in the company, which has a 30-year brand licensing agreement with his Virgin Group.


Mr Malone, who is the chairman of Liberty Global, clashed with News Corp’s Mr Murdoch in 2007 when the two companies vied for control of DirecTV Group, the largest US satellite TV broadcaster.


BSkyB leads the UK pay-TV market with 10.7 million customers compared with Virgin Media’s 4.9 million.


Virgin Media’s main listing is in the US on the Nasdaq technology stock exchange, where its shares jumped 17.9% on Tuesday amid speculation that a deal was imminent.


BBC News – Business





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What you should (and shouldn’t) buy in February






1dfbd  1 intro What you should (and shouldnt) buy in FebruarySome items aren’t on sale in February


When it comes to discounts and deals, February isn’t all hearts and flowers.






If you want to get the most for your money in February, it pays to look beyond the specials and sales and really shop around.


While some items (luggage and patio furniture, for example) probably won’t sport discount stickers in February, other items are frequently discounted. You have to love a month that offers deals on both workout equipment and chocolates.


So if you’re watching your bucks and looking for bargains, here are a few things that likely won’t be discounted in February — along with a couple of items that should be wearing more attractive price tags.


Yahoo! Finance – Personal Finance





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Stock index futures point to slightly higher Wall Street open

LONDON (Reuters) - Stock index futures pointed to a slightly higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.1 percent at 5.06 a.m EST.


* Dow Jones futures added 0.3 percent while contracts on the Nasdaq 100 futures rose 0.2 percent.


* Visa , the world's largest credit and debit card network, is expected to report earnings per share of $1.79 for its first quarter, up 1.49 from a year earlier. Smaller rival MasterCard recently reported better-than-expected results but said its revenue growth could decelerate in the first half of the year due to economic uncertainty.


* Media groups Time Warner Inc. and News Corp. were also among U.S. companies due to report results.


* Liberty Global won't change Virgin Media's strategy on network roll-out and content if its deal to buy the British cable group goes through, Liberty's chief executive said on Wednesday.


* Walt Disney Co beat estimates in quarterly adjusted earnings and said it expects the next few quarters to be better on a stronger lineup of movies and rising attendance at its theme parks. The results helped lift the media giant's shares 1.7 percent in after-hours trading.


* Take-Two Interactive Software Inc reported higher revenue and earnings in the third quarter that blew past Wall Street expectations, as the video games publisher gears up to launch a new title from its mega-blockbuster "Grand Theft Auto" series. Take-Two shares were up about 7 percent in after-hours trading after closing at $12.66 on the Nasdaq.


* Online gaming firm Zynga Inc reported an unexpected fourth-quarter profit after embracing steep cost cuts and shifting forward deferred revenue. The results were a relief to investors who had feared the company might be in free fall and Zynga's shares jumped 7 percent to $2.93 in after-hours trade.


* Nasdaq OMX Group Inc is in preliminary talks with U.S. securities regulators over a possible settlement for the glitch-ridden stock market debut of social networking site Facebook Inc , the Wall Street Journal reported on Tuesday, citing people with knowledge of the discussions.


* Online photo-sharing service provider Shutterfly Inc's results beat analysts' estimates in the traditionally strong fourth quarter on higher demand during the holiday season, particularly in its enterprise unit. The company's shares rose 13 percent in after-hours trading.


* European stocks were a touch higher on Wednesday, with shares in the world's largest steelmaker, ArcelorMittal , rising after its upbeat outlook reassured investors.


* Japan's Nikkei average surged 3.8 percent to its highest close since October 2008 after the yen fell sharply on bets the early exit of the central bank governor would open the way for a successor who pursues aggressive monetary easing.


* The Dow Jones industrial average <.dji> closed 99.22 points, or 0.71 percent, higher at 13,979.30 on Tuesday. The Standard & Poor's 500 Index <.spx> was up 15.58 points, or 1.04 percent, at 1,511.29. The Nasdaq Composite Index <.ixic> was up 40.41 points, or 1.29 percent, at 3,171.58.


(Reporting By Francesco Canepa; Editing by Susan Fenton)



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Niners have better chance than Ravens to be back


NEW ORLEANS (AP) — The Baltimore Ravens carried off the Lombardi Trophy. Their beaten opponent has a better chance of doing it next season.


San Francisco running back Frank Gore insisted the 49ers were the more talented team even after losing 34-31 to the Ravens in Sunday's Super Bowl. The scoreboard said otherwise, but when the conference champions meet at the Meadowlands next February — yes, outdoors in the dead of winter for the NFL crown — the Niners easily could represent the NFC.


Again.


"I'd say we've got a great group of guys in the locker room, great warriors," Gore said, "and I'm not going to promise anything next year, but we're going to fight to get back here."


The toughest fight might be in their own division with Seattle and rapidly improving St. Louis. The Seahawks were the only team to allow fewer points than the 49ers, and their rivalry — including the semi-feud between coaches Jim Harbaugh and Pete Carroll — adds spice to the NFC West.


But the 49ers have to be the NFC favorite after losing in overtime to the Giants for the conference title last year, then barely falling to the Ravens on Sunday night.


"This is kind of tough, to get this far and let everything slip away through your hands," said Ahmad Brooks, part of the best linebacking corps in the league, along with All-Pros Patrick Willis, Aldon Smith and NaVorro Bowman. "The funny thing about it is, within the next few months, we're going to start trying to get back to the same place that we're at right now."


As will the Ravens, but their challenge is more imposing.


Unlike the 49ers, who figure to lose virtually no important parts — receiver Randy Moss, perhaps, but he was a marginal player in 2012 — the Ravens have bid adieu to their greatest player, linebacker Ray Lewis. Not only will they miss his performances on the field and his presence in the locker room, but he was the emotional engine in Baltimore.


The leadership burden will fall on two players whose contracts have expired but likely will be back with the Ravens: Super Bowl MVP quarterback Joe Flacco and veteran safety Ed Reed.


Flacco almost certainly will get the franchise tag at more than $14 million if he can't agree to a long-term deal. But in the current NFL, winning without a top-level QB is impossible, and there can be no arguing now about Flacco belonging in that class.


Reed wants to return and the Ravens recognize how unwise it would be to let both Lewis and Reed leave at the same time — even after winning their second Super Bowl in 12 seasons.


"I always said when I came into the league and got drafted that I didn't want to be one of those guys jumping from team to team," Reed said during Super Bowl week.


Regardless, the Ravens will be a force — odds makers have placed them behind New England and Denver in the AFC next season — and one of the NFL's most prolific offensive teams.


Flacco throwing to the superb trio of wide receivers Anquan Boldin and Torrey Smith and tight end Dennis Pitta, plus the versatility of running back Ray Rice and a stud backup in Bernard Pierce says so. Flacco's protection from the line and All-Pro fullback Vonta Leach was impeccable in the postseason, helping Flacco throw for a record-tying 11 TDs with no interceptions.


The defense, oddly enough considering Baltimore's reputation, needs some work. But linebacker Terrell Suggs will be even healthier — he came back quickly from a torn Achilles tendon — and top cornerback Lardarius Webb returns from a knee injury.


Just like the 49ers, the Ravens have a tough task in their division. Cincinnati is young, but has made the playoffs the last two years. Pittsburgh never remains dormant for long.


Should these two clubs make it to the first outdoor Super Bowl at a cold-weather site, would Baltimore have the edge because it's used to such conditions? And because it's a three-hour drive from MetLife Stadium, will Ravens fans be out in force even more than they were in the Big Easy?


Or would the 49ers' immense talent base be overwhelming?


Food for thought over the next 11 months.


"We've got to look at this as a blessing because we didn't have to be here, but we made it," tight end Vernon Davis said. "We've always got next year; we've got next season. We might as well look forward to next season, keep our hopes high and continue to climb."


___


Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL


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Richard III still the criminal king



















Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen


Richard III on stage and screen





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STORY HIGHLIGHTS


  • Dan Jones: Richard III's remains found; some see chance to redeem his bad reputation

  • Jones says the bones reveal and confirm his appearance, how he died and his injuries

  • Nothing changes his rep as a usurper of the Crown who likely had nephews killed, Jones says

  • Jones: Richard good or bad? Truth likely somewhere in between




Editor's note: Dan Jones is a historian and newspaper columnist based in London. His new book, "The Plantagenets" (Viking) is published in the US this Spring. Follow him on Twitter.


(CNN) -- Richard III is the king we British just can't seem to make our minds up about.


The monarch who reigned from 1483 to 1485 became, a century later, the blackest villain of Shakespeare's history plays. The three most commonly known facts of his life are that he stole the Crown, murdered his nephews and died wailing for a horse at the Battle of Bosworth in 1485. His death ushered in the Tudor dynasty, so Richard often suffers the dual ignominy of being named the last "medieval" king of England -- in which medieval is not held to be a good thing.


Like any black legend, much of it is slander.


Richard did indeed usurp the Crown and lose at Bosworth. He probably had his nephews killed too -- it is unknowable but overwhelmingly likely. Yet as his many supporters have been busy telling us since it was announced Monday that Richard's lost skeleton was found in a car park in Leicester, he wasn't all bad. In fact, he was for most of his life loyal and conscientious.



Dan Jones

Dan Jones



To fill you in, a news conference held at the University of Leicester Monday confirmed what archaeologists working there have suspected for months: that a skeleton removed from under a parking lot in the city center last fall was indeed the long-lost remains of Richard III.


His official burial place -- under the floor of a church belonging to the monastic order of the Greyfriars -- had been lost during the dissolution of the monasteries that was carried out in the 1530s under Henry VIII. A legend grew up that the bones had been thrown in a river. Today, we know they were not.


What do the bones tell us?


Well, they show that Richard -- identified by mitochondrial DNA tests against a Canadian descendant of his sister, Anne of York -- was about 5-foot-8, suffered curvature of the spine and had delicate limbs. He had been buried roughly and unceremoniously in a shallow grave too small for him, beneath the choir of the church.


He had died from a slicing blow to the back of the head sustained during battle and had suffered many other "humiliation injuries" after his death, including having a knife or dagger plunged into his hind parts. His hands may have been tied at his burial. A TV show aired Monday night in the UK was expected to show a facial reconstruction from the skull.


Opinion: What will the finding of Richard III mean?



In other words, we have quite a lot of either new or confirmed biographical information about Richard.


He was not a hunchback, but he was spindly and warped. He died unhorsed. He was buried where it was said he was buried. He very likely was, as one source had said, carried roughly across a horse's back from the battlefield where he died to Leicester, stripped naked and abused all the way.


All this is known today thanks to a superb piece of historical teamwork.


The interdisciplinary team at Leicester that worked toward Monday's revelations deserves huge plaudits. From the desk-based research that pinpointed the spot to dig, to the digging itself, to the bone analysis, the DNA work and the genealogy that identified Richard's descendants, all of it is worthy of the highest praise. Hat-tips, too, to the Richard III Society, as well as Leicester's City Council, which pulled together to make the project happen and also to publicize the society and city so effectively.


However, should anyone today tell you that Richard's skeleton somehow vindicates his historical reputation, you may tell them they are talking horsefeathers.










Richard III got a rep for a reason. He usurped the Crown from a 12-year old boy, who later died.


This was his great crime, and there is no point denying it. It is true that before this crime, Richard was a conspicuously loyal lieutenant to the boy's father, his own brother, King Edward IV. It is also true that once he was king, Richard made a great effort to promote justice to the poor and needy, stabilize royal finances and contain public disorder.


But this does not mitigate that he stole the Crown, justifying it after the fact with the claim that his nephews were illegitimate. Likewise, it remains indisputably true that his usurpation threw English politics, painstakingly restored to some order in the 12 years before his crime, into a turmoil from which it did not fully recover for another two decades.


So the discovery of Richard's bones is exciting. But it does not tell us anything to justify changing the current historical view of Richard: that the Tudor historians and propagandists, culminating with Shakespeare, may have exaggerated his physical deformities and the horrors of Richard's character, but he remains a criminal king whose actions wrought havoc on his realm.


Unfortunately, we don't all want to hear that. Richard remains the only king with a society devoted to rehabilitating his name, and it is a trait of some "Ricardians" to refuse to acknowledge any criticism of their hero whatever. So despite today's discovery, we Brits are likely to remain split on Richard down the old lines: murdering, crook-backed, dissembling Shakespearean monster versus misunderstood, loyal, enlightened, slandered hero. Which is the truth?


Somewhere in between. That's a classic historian's answer, isn't it? But it's also the truth.


Follow us on Twitter @CNNOpinion.


Join us on Facebook/CNNOpinion.


The opinions expressed in this commentary are solely those of Dan Jones.






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Euro, oil slide on European worries, shares flat






LONDON (Reuters) – The euro and oil fell on Tuesday while European shares were largely flat as renewed worries over political risks in the euro zone trimmed demand for riskier assets for a second day.


A rise in political uncertainty in Spain, where the prime minister is facing calls to resign, and in Italy, which holds a general election later this month, provoked a big sell off on Monday, ending a solid new year rally.






The euro, which has taken the brunt of the selling, had risen 2.3 percent against the U.S. dollar this year to a high of just over $ 1.37 on Friday, before the selloff began and was down 0.4 percent at $ 1.3460 in early European trade.


The broad FTSE Eurofirst 300 index <.fteu3> of top European shares dropped 1.5 percent to its lowest level of the year on Monday, steadied to open up 0.1 percent up. Across Europe London’s FTSE 100 <.ftse>, Paris’s CAC-40 <.fchi> and Frankfurt’s DAX <.gdaxi> were all recovering from the previous days sharp falls.</.gdaxi></.fchi></.ftse></.fteu3>


Most analysts see this week’s selloff as a correction to a rally linked to signs of growing euro zone economic stability and an improving global outlook, which has been underpinned by the easier monetary policies of major central banks.


“What we are looking at, at the moment, is a correction, a consolidation or even a ‘baby risk off’, ” said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels.


“Nevertheless our working hypothesis remains that after the correction the trends in place before will continue as the two main drivers are still there; namely central banks continuing to inject liquidity and more and more proof of an economic recovery,” he said.


Bond markets have also stabilized after a sharp rise in yields on Spanish and Italian debt and growing demand for safe-haven German government bonds. This followed a narrowing of spreads this year between peripheral and core government debt.


“We had a very strong rally in peripheral markets, strong spread compression in January which was probably faster than fundamentals were favoring, so we are in a correction. It’s not a new trend, it’s just a correction,” Patrick Jacq, European rate strategist at BNP Paribas said.


(Additional reporting by Ana Nicolaci da Costa and Atul Prakash.)


Business News Headlines – Yahoo! News





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How to decide between moving or remodeling






Move or remodel? If you are dissatisfied with your home, you might wonder whether it’s better to buy another house or remodel the one you own. The choice involves both financial and emotional calculations.


“Deciding whether to move or to remodel is a life conversation, not just a money conversation,” says Justin Krane, president of Krane Financial Solutions, in Los Angeles. “You should always start with life first, because thinking about money first can get in the way of figuring out what we really want.”






Chris Terrill, CEO of ServiceMagic in Golden, Colo., says homeowners need to start the decision-making process by evaluating their motivations for change.


“I think people have become more aware that they need to ‘move with a purpose,’” Terrill says. “If you must relocate for your job or your commute is too long, that’s one thing, but if you feel you’ve hit the maximum capacity of your space, you may want to consider investing in your existing home.”


Once you’ve evaluated your desire, such as for more space, think hard about the emotional aspect of moving.


“If you love your neighborhood, your neighbors, your backyard, your commute and your children’s school, then you need to realize that these are things that are hard to replace,” says Dan Fritschen, creator of RemodelOrMove.com and author of “Remodel or Move? Make the Right Decision.” “You need to think about how your home functions during the entire year, including your ability to entertain.”


Financial implications of moving


Before deciding to move, consult a real estate agent and a lender to get an evaluation of your home’s market value, the cost of the type of home you want to buy and your financing options.


“Your new mortgage payments could be lower because of today’s low mortgage rates and low home prices, which could offset a lower-than-expected sales price on your home,” Fritschen says. “You also need to know the difference in property taxes and calculate the potential money you may need to spend to get the next house fixed to your preferences.”


Terrill adds: “The real cost of selling includes the real estate commission on the sale, possibly some repairs on your home before you can sell it, closing costs on your new property, moving costs and perhaps new furniture.”


Financial implications of remodeling


While Krane recommends funding a remodel through cash flow or savings, he says a home equity loan could be an option for some homeowners as long as they have a repayment plan.


Fritschen says homeowners with equity may be able to refinance and pull cash out for a remodel, or refinance into a Federal Housing Administration 203(k) loan that allows the borrower to wrap remodeling costs into the new mortgage.


“You need to get a feel for what your project will cost before you can decide if it’s worth it,” Fritschen says. “Then you can estimate potential appreciation in your home value from the project. It’s also important to think about the intangible value of the improvement in terms of your quality of life.”


Terrill says adding square footage can be the best remodeling investment, followed by fixing up a kitchen or bathroom. He urges caution about over-improving the home for the neighborhood.


“If you are living in a community of $ 250,000 homes and you upgrade with a $ 150,000 kitchen, you may not get your money back when you sell,” Terrill says. “On the other hand, if you love cooking and you can afford it, the renovation has emotional value.”


Terrill says homeowners should use a variety of resources, including local contractors, real estate agents, neighbors, online resources and visits to open houses to estimate whether a project would be an over-improvement for the neighborhood.


More From Bankrate.com


Yahoo! Finance – Personal Finance





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U.S. stock index futures signal higher Wall Street open

LONDON (Reuters) - U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.2 to 0.3 percent.


U.S. stocks slid on Monday, giving the S&P 500 its worst day since November, as renewed worries about the euro zone crisis caused the market to pull back from recent gains. Europe's main markets were marginally in the black after the latest batch of corporate results on Tuesday.


NYSE Euronext , the exchange being bought by rival IntercontinentalExchange , said slower trading drove fourth-quarter net revenue down 11 percent to $562 million.


ICSC/Goldman Sachs release chain store sales for the week ended February 2 at 7.45 a.m EST. Sales fell 1.0 percent in the previous week.


The U.S. government has launched a civil lawsuit against Standard & Poor's and parent The McGraw-Hill Companies over mortgage bond ratings, the first federal enforcement action against a credit rating agency over alleged illegal behavior tied to the recent financial crisis.


Redbook releases its Retail Sales Index of department and chain store sales for January at 1355 GMT. Sales fell 0.5 percent in the previous month.


Major companies announcing results on Tuesday included Walt Disney Company , Automatic Data Processing and Delphi Automotive .


The Institute for Supply Management releases its January non-manufacturing index at 1500 GMT. Economists forecast a reading of 55.2, versus 55.7 in December.


John Malone's cable group Liberty Global has approached Britain's No. 2 pay-TV operator Virgin Media about making a bid for the firm, the UK group said on Tuesday.


Technology services provider IBM on Tuesday said it is aiming to take on competitors such as Oracle and Hewlett Packard by offering a more affordable Power Systems server and storage product range later this month.


Japan's transport safety agency said it is still unclear whether battery chemistry or an electrical issue caused a main battery on a Boeing Co 787 Dreamliner operated by All Nippon Airways to overheat last month, forcing it to make an emergency landing.


European shares <.fteu3> rose 0.5 percent on Tuesday, stabilizing after the previous session's sharp sell-off, as investors digested a raft of earnings reports.


The Dow Jones industrial average <.dji> fell 129.71 points, or 0.93 percent, at 13,880.08 on Monday. The Standard & Poor's 500 Index <.spx> was down 17.46 points, or 1.15 percent, at 1,495.71. The Nasdaq Composite Index <.ixic> was down 47.93 points, or 1.51 percent, at 3,131.17.


(Reporting by Atul Prakash)



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Ravens edge 49ers 34-31 in electric Super Bowl


NEW ORLEANS (AP) — For a Super Bowl with so many story lines, this game came up with quite a twist.


Try a blackout that turned a blowout into a shootout — capped by a brilliant defensive stand.


The Baltimore Ravens survived a frenzied comeback by the San Francisco 49ers following a 34-minute delay in the third quarter for a power outage Sunday night, winning their second championship 34-31. Super Bowl MVP Joe Flacco threw three first-half touchdown passes, Jacoby Jones ran back the second-half kickoff a record 108 yards for a score, and star linebacker Ray Lewis' last play fittingly was part of a defensive effort that saved the victory.


"To me, that was one of the most amazing goal-line stands I've ever been a part of in my career," said Lewis, who announced a month ago he would retire when the Ravens were done playing.


They are done now, with another Vince Lombardi Trophy headed for the display case.


"What better way to do it," Lewis said, "than on the Super Bowl stage?"


That stage already was loaded with plots:


—The coaching Harbaughs sibling rivalry, won by older brother John, who said the postgame greeting with Jim was "painful."


—Flacco's emergence as a top-level quarterback, and his impending free agency.


—Colin Kaepernick's rapid rise in the last two months as 49ers QB.


—The big game's return to the Big Easy for the first time in 11 years, and the first time since Hurricane Katrina ravaged the city in 2005.


—Lewis' self-proclaimed "last ride."


But when the Superdome lost power, well, that wasn't in anyone's scenario.


Flacco and the Ravens (14-6) were turning the game into a rout, leading 28-6 when, without even a flicker of warning, several banks of lights and the scoreboards went dark. Players from both sides stretched and chatted with each other in as bizarre a scene as any Super Bowl has witnessed.


"The bad part was we started talking about it," said safety Ed Reed, who had the game's only interception. "That was mentioned. It was like they were trying to kill our momentum."


After power was restored, the 49ers began playing lights out.


San Francisco (13-5-1), in search of its sixth Lombardi Trophy in as many tries, got back in the game almost immediately.


Michael Crabtree's 31-yard touchdown reception, on which he broke two tackles, made it 28-13. A few minutes later, Frank Gore's 6-yard run followed a 32-yard punt return by Ted Ginn Jr., and the 49ers were within eight.


Ray Rice's fumble at his 24 led to David Akers' 34-yard field goal, but Baltimore woke up for a long drive leading to rookie Justin Tucker's 19-yard field goal.


San Francisco wasn't done challenging, though, and Kaepernick's 15-yard TD run, the longest for a quarterback in a Super Bowl, made it 31-29. A 2-point conversion pass failed when the Ravens blitzed.


Tucker added a 38-yarder with 4:19 remaining, setting up the frantic finish.


Kaepernick couldn't get the 49ers into the end zone on the final three plays. The last was a pass into the right corner of the end zone to Crabtree that involved some incidental bumping. Jim Harbaugh insisted a flag should have been thrown.


"There's no question in my mind that there was a pass interference and then a hold," Jim Harbaugh said.


Ravens punter Sam Koch took a safety for the final score with 4 seconds left. Koch's free kick was returned by Ginn to midfield as time ran out.


"How could it be any other way? It's never pretty. It's never perfect. But it's us," John Harbaugh said of his Ravens. "It was us today."


Barely.


"Yeah, I think that last drive when we got the ball and had time to go down and score a touchdown," Kaepernick said, "we thought it was our game."


But the championship is Baltimore's.


As for the foul-up at America's biggest sporting event, officials revealed that an "abnormality" in the power system triggered an automatic shutdown, forcing backup systems to kick in. But no one was sure what caused the initial problem.


Everything changed after that until Lewis and Co. shut it down. But there were plenty of white-knuckle moments and the Ravens had to make four stops inside their 7 at the end.


"I think it speaks to our resolve, speaks to our determination, speaks to our mental toughness," John Harbaugh said. "That is what wins and loses games."


At 4 hours, 14 minutes, it was the longest Super Bowl ever.


Flacco's arrival as a championship quarterback — he had 11 postseason TD passes, tying a league mark, and no interceptions — coincides with Lewis' retirement. The win capped a sensational four games since Lewis announced he was leaving the game after 17 Hall of Fame-caliber years.


The Ravens will become Flacco's team now, provided he reaches agreement on a new contract.


Flacco's three TD passes in the opening half tied a Super Bowl record. They covered 13 yards to Anquan Boldin, 1 to Dennis Pitta and 56 to Jones.


That start boosted him to the MVP award.


"They have to give it to one guy and I'm not going to complain that I got it," Flacco said.


John Harbaugh had no complaints about getting that other trophy named after that Green Bay coach. But he struggled to balance it with the disappointment his brother was feeling.


"The meeting with Jim in the middle (of the field for the postgame handshake) was probably the most difficult thing I have ever been associated with in my life," the Ravens coach said.


The wild scoring made this the second championship in the NFL's 80-year title game history in which both teams scored at least 30 points. Pittsburgh's 35-31 win over Dallas in 1979 was the other.


The Ravens stumbled into the playoffs with four defeats in its last five regular-season games as Lewis recovered from a torn right triceps and Flacco struggled. Harbaugh even fired his offensive coordinator in December, a stunning move with the postseason so close.


But that — and every other move Harbaugh, Flacco and the Ravens made since — were right on target.


New Orleans native Jones, one of the stars in a double-overtime playoff win at Denver, seemed to put the game away with his record 108-yard sprint with the second-half kickoff.


Soon after, the lights went out — and when they came back on, the Ravens were almost powerless to slow the 49ers.


Until the final moments.


"The final series of Ray Lewis' career was a goal-line stand," Harbaugh said.


Lewis was sprawled on all fours, face-down on the turf, after the end zone incompletion.


"It's no greater way, as a champ, to go out on your last ride with the men that I went out with, with my teammates," Lewis said. "And you looked around this stadium and Baltimore! Baltimore! We coming home, baby! We did it!"


Jim Harbaugh, the coach who turned around the Niners in the last two years and brought them to their first Super Bowl in 18 years, had seen his team make a similarly stunning comeback in the NFC championship at Atlanta, but couldn't finish it off against Baltimore.


"Our guys battled back to get back in," the 49ers coach said. "I thought we battled right to the brink of winning."


The 49ers couldn't have been sloppier in the first half, damaging their chances with penalties — including one on their first play that negated a 20-yard gain — poor tackling and turnovers. Rookie LaMichael James fumbled at the Baltimore 25 to ruin an impressive drive, and the Ravens converted that with Flacco's 1-yard pass to Pitta for a 14-3 lead.


On San Francisco's next offensive play, Kaepernick threw behind Randy Moss and always dependable Reed picked it off. A huge scuffle followed that brought both Harbaughs onto the field and saw both sides penalized 15 yards for unnecessary roughness.


Reed, also a New Orleans native, tied the NFL record for postseason picks with his ninth.


Baltimore didn't pounce on that mistake for points. Instead, Tucker's fake field goal run on fourth-and-9 came up a yard short when Chris Culliver slammed him out of bounds.


The Ravens simply shrugged, forced a three-and-out, and then unleashed Jones deep. Just as he did to Denver, he flashed past the secondary and caught Flacco's fling. He had to wait for the ball, fell to the ground to grab it, but was untouched by a Niner. Up he sprang, cutting left and using his speed to outrun two defenders to the end zone.


Desperate for some points, the 49ers completed four passes and got a 15-yard roughing penalty against Haloti Ngata, who later left with a knee injury. But again they couldn't cross the goal line, Paul Kruger got his second sack of the half on third down, forcing a second field goal by Akers, from 27 yards.


When Jones began the second half by sprinting up the middle virtually untouched — he is the second player with two TDs of 50 yards or more in a Super Bowl, tying Washington's Ricky Sanders in 1988 — the rout was on.


Then it wasn't.


"Everybody had their hand on this game," 49ers All-Pro linebacker Patrick Willis said. "We point the fingers at nobody. We win together and we lose together, and today we lost it."


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Should we still fear al Qaeda?











































































Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


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Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


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Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


Mali military battles Islamist insurgents


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STORY HIGHLIGHTS


  • Peter Bergen: U.K. politicians called North Africa terror an existential threat

  • Bergen says core al Qaeda has been greatly weakened, hasn't mounted serious operations

  • Terror groups loosely affiliated with al Qaeda have also lost ground, he says

  • Bergen: Jihadist violence does continue, but it does no good to overstate threat




Editor's note: Peter Bergen is CNN's national security analyst, the author of "Manhunt: The Ten-Year Search for bin Laden -- From 9/11 to Abbottabad", and a director at the New America Foundation.


Washington (CNN) -- The attack in January on a gas facility in Algeria by an al Qaeda-linked group that resulted in at least 37 dead hostages has sparked an outpouring of dire warnings from leading Western politicians.


British Prime Minister David Cameron described a "large and existential threat" emanating from North Africa. Tony Blair, his predecessor as prime minister, agreed saying, "David Cameron is right to warn that this is a battle for our values and way of life which will take years, even decades."


Hang on chaps! Before we all get our knickers in a tremendous twist: How exactly does an attack on an undefended gas facility in the remotest depths of the Algerian desert become an "existential threat" to our "way of life"?


Across the Atlantic, American politicians also got into sky-is-falling mode. Republican Congressman Mike Rogers, who heads the House Intelligence Committee, fulminated, "This is going to get worse. You cannot allow this to become a national security issue for the United States. And I argue it's already crossed that threshold."



Peter Bergen

Peter Bergen



Previous real U.S. national security threats and their manifestations include 9/11, the doctrine of mutually assured destruction (from the potential use of nuclear weapons) with the Soviets, Pearl Harbor and Hitler's armies taking over much of Europe.


A ragtag group of jihadists roaming the North African deserts is orders of magnitude less significant than those genuine threats to the West and is more comparable to the threats posed by the bands of pirates who continue to harass shipping off the coast of Somalia. They are surely a problem, but a localized and containable one.


Western politicians and commentators who claim that the al Qaeda linked groups in North Africa are a serious threat to the West unnecessarily alarm their publics and also feed the self-image of these terrorists who aspire to attack the West, but don't have the capacity to do so. Terrorism doesn't work if folks aren't terrorized.


North African group hasn't attacked in the West



Western politicians and commentators who claim that the al Qaeda linked groups in North Africa are a serious threat to the West unnecessarily alarm their publics...
Peter Bergen



Much has been written, for instance, in recent weeks about al Qaeda in the Islamic Maghreb (AQIM), al Qaeda's North African affiliate, a splinter group of which carried out the attack on the Algerian gas facility. But according to Camille Tawil, who has authoritatively covered Islamist militant groups over the past two decades for the leading Arabic daily Al-Hayat and has written three books about al Qaeda, AQIM doesn't threaten the West: "To my knowledge no known attacks or aborted attacks in the West have been linked directly to AQIM."


AQIM was formed seven years ago so the group has had more than enough time to plot and carry out an attack in the West. By way of comparison, it took two years of serious plotting for al Qaeda to plan the 9/11 attacks.


So, what is the real level of threat now posed by al Qaeda and allied groups?


Let's start with "core al Qaeda" which attacked the United States on 9/11 and that is headquartered in Pakistan. This group hasn't, of course, been able to pull off an attack in the United States in twelve years. Nor has it been able to mount an attack anywhere in the West since the attacks on London's transportation system eight years ago.


Core al Qaeda on way to extinction


Osama bin Laden, the group's founder and charismatic leader, was buried at sea a year and half ago and despite concerns that his "martyrdom" would provoke a rash of attacks in the West or against Western interests in the Muslim world there has instead been.... nothing.


Meanwhile, CIA drone strikes in Pakistan during President Obama's tenure alone have killed 38 of al Qaeda's leaders in Pakistan, according to a count by the New America Foundation.








Those drone strikes were so effective that shortly before bin Laden died he was contemplating ordering what remained of al Qaeda to move to Kunar Province in the remote, heavily forested mountains of eastern Afghanistan, according to documents that were discovered following the SEAL assault on the compound where bin Laden was hiding in Abbottabad, Pakistan.


Core al Qaeda is going the way of the dodo.


Affiliates are no better off


And a number of the affiliates of core al Qaeda are in just as bad shape as the mother ship.


Jemaah Islamiah (JI), the virulent Southeast Asian al Qaeda affiliate that killed hundreds in the years after 9/11 is largely out of business. Why so? JI killed mostly Westerners in its first attacks on the tourist island of Bali in 2002, but the subsequent Bali attack three years later killed mostly Indonesians. So too did JI's attacks on the Marriott hotel in the capital Jakarta in 2003 and the Australian embassy in 2004. As a result, JI lost any shred of popular support it had once enjoyed.


At the same time the Indonesian government, which at one point had denied that JI even existed, mounted a sophisticated campaign to dismantle the group, capturing many of its leaders and putting them on trial.


In the Philippines, the Abu Sayyaf Group, a number of whose leaders had trained in Afghanistan in al Qaeda's camps, and which specialized in kidnapping Westerners in the years after 9/11, was effectively dismantled by the Philippine army working in tandem with a small contingent of U.S. Special Operations Forces.


In Pakistan, the Pakistani Taliban in 2009 took over the once-tranquil mountainous vacation destination of Swat, and destroyed some 180 schools and beheaded 70 policemen there. Suddenly, they were only 70 miles from the capital Islamabad and some warned that the Pakistani state was in danger. Today, the Pakistani Taliban have been rolled back to their bases along the Afghan border and 16 of their leaders have been killed by CIA drones since President Obama took office.


Al Qaeda militants based in Saudi Arabia mounted a terrorist campaign beginning in 2003 that killed dozens of Saudis, and they also attacked a number of the oil workers and oil facilities that lie at the heart of the Saudi economy. This prompted the Saudi government to mount such an effective crackdown that the few remaining al Qaeda leaders who were not killed or captured have in recent years fled south to Yemen where the remnants of al Qaeda in the Arabian Peninsula (AQAP) are now based.


From its new headquarters in Yemen AQAP has made serious efforts to attack the United States, sending the "underwear bomber" to blow up Northwest Flight 253 over Detroit on Christmas Day 2009 and also smuggling bombs on to U.S.-bound cargo shipments in October 2010.


None of these attempts were successful.


Yemen militants decimated


As a result of the threat posed by AQAP, the United States has mounted a devastating campaign against the group over the past three years. There was one American drone strike in Yemen in 2009. In 2012 there were 46. That drone campaign has killed 28 prominent members of the group, according to a count by the New America Foundation. Among them was the No. 2 in AQAP, Said al-Shihri, who was confirmed to be dead last week.


In the chaos of the multiple civil wars that gripped Yemen in 2011, AQAP seized a number of towns in southern Yemen. But AQAP has now been pushed out of those towns because of effective joint operations between U.S. Special Operations Forces, the CIA and the Yemeni government.


The Yemeni president, Abd Rabbuh Mansur Hadi, even went to the United Nations General Assembly in September where he publicly endorsed the use of CIA drones in his country, something of a first.


A couple of years ago, al Qaeda's Somali affiliate, Al- Shabaab ("the youth" in Arabic) controlled much of southern Somalia including key cities such as the capital Mogadishu.


Once in a position of power, Shaabab inflicted Taliban-like rule on a reluctant Somali population, which eroded its popular legitimacy. Shabaab was also the target of effective military operations by the military of neighboring Kenya, troops of the African Union and U.S. Special Operation Forces.


As a result, today the group controls only some rural areas and for the first time in two decades the United States has formally recognized a Somali government.


Mali conflict shows weakness of jihadist militant groups


Similarly, groups with an al Qaeda-like agenda captured most of northern Mali last year, a vast desert region the size of France. Once in power they imposed Taliban-like strictures on the population, banning smoking and music and enforcing their interpretation of Sharia law with the amputation of hands. The militants also destroyed tombs in the ancient city of Timbuktu, a UNESCO World Heritage site, on the grounds that the tombs promoted "idol worship."


None of these measures endeared the jihadist militants to the population of Mali. In the past weeks, as a relatively small force of some 2,000 French soldiers has rolled through Mali putting the militants on the run, the French have been cheered on by dancing and singing Malians.


When French soldiers are greeted as an army of liberation in an area of the world that in the past century was part of a vast French empire, you can get a sense of how much the jihadist militants had alienated the locals.


Last week the French military took the city of Timbuktu. The defeat of the al Qaeda-linked groups as effective insurgent forces in Mali is now almost complete.


What has just happened in Mali gets to the central problem that jihadist militant groups invariably have. Wherever they begin to control territory and population they create self-styled Islamic "emirates" where they then rule like the Taliban.


Over time this doesn't go down too well with the locals, who usually practice a far less austere version of Islam, and they eventually rise up against the militants, or, if they are too weak to do so themselves, they will cheer on an outside intervention to turf out the militants.


The classical example of this happened in Iraq where al Qaeda in Iraq (AQI) controlled Anbar Province, about a third of the country in 2006. AQI cadres ruled with an iron fist and imposed their ultrafundamentalist rule on their fellow Sunnis, who they killed if they felt they were deviating from their supposedly purist Islamic precepts.


This provoked the "Sunni Awakening" of Iraqi tribes that rose up against AQI. These tribes then allied with the U.S. military and by the end of 2007 AQI went from an insurgent group that controlled vast territories to a terrorist group that controlled little but was still able to pull off occasional spectacular terrorist attacks in Baghdad.


Jihadist violence still a threat


The collapse of core al Qaeda and a number of its key affiliates does not, of course, mean that jihadist violence is over. Such religiously motivated mayhem has been a feature of the Muslim world for many centuries. Recall the Assassins, a Shia sect that from its base in what is now Iran dispatched cutthroats armed with daggers to kill its enemies around the Middle East during the 12th and 13th centuries. In so doing the sect gave the world the useful noun "assassin."


And so while core al Qaeda and several of its affiliates and like-minded groups are in terrible shape, there are certainly groups with links to al Qaeda or animated by its ideology that are today enjoying something of a resurgence.


Most of these groups do not call themselves al Qaeda, which is a smart tactic, as even bin Laden himself was advising his Somali affiliate, Al Shabaab, not to use the al Qaeda name as it would turn off fundraisers because the shine had long gone off the al Qaeda brand, according to documents recovered at bin Laden's Abbottabad compound.


One such militant group is the Nigerian Boko Haram, which bombed the United Nations headquarters in Nigeria in 2011 and has also attacked a wide range of Christian targets in the country. However, the group has shown "no capability to attack the West and also has no known members outside of West Africa," according to Virginia Comolli of the London-based International Institute for Strategic Studies who tracks the group.



Ansar al-Sharia, "Supporters of Sharia," is the name taken by the militant group in Libya that carried out the attack against the U.S. consulate in Benghazi in September in which four Americans were killed. Similarly, in Yemen militants that are aligned with al Qaeda have labeled themselves Ansar al-Sharia.


But this new branding hasn't done the militants much good in either country. In Libya, shortly after the attack on the U.S. consulate, an enraged mob stormed and took over Ansar al Sharia's headquarters in Benghazi. And, as we have seen, in Yemen the jihadists have now been forced out of the towns in the south that they had once held.


One strong foothold in Syria


The one country where jihadist militants have a serious foothold and are likely to play an important role for some period in the future is in Syria. That is because of a perfect storm there that favors them. The Sunni militants in Syria are fighting the regime of Bashir al Assad, a secular dictator who is also an Alawite, which many Muslims believe to be a heretical branch of Shiism.


For the jihadists, Assad's secularism makes him an apostate and his Alawi roots also make him a heretic, while his brutal tactics make him an international pariah. This trifecta makes funding the Sunni insurgency highly attractive for donors in the Gulf.


And for the Arabs who form the heart of al Qaeda the fight against Assad is in the heart of the Arab world, a contest that happens to border also on the hated state of Israel. Also Syria was for much of the past decade the entry point for many hundreds of foreign fighters who poured into Iraq to join Al Qaeda in Iraq following the American invasion of the country. As a result, al Qaeda has long had an infrastructure both in Syria and, of course, in neighboring Iraq.


The Al Nusra Front is the name of arguably the most effective fighting force in Syria. In December the State Department publicly said that Al Nusra, which is estimated to number in the low thousands and about 10% of the fighters arrayed against Assad, was a front for Al Qaeda in Iraq (AQI).


Al Nusra certainly seems to have learned from AQI's mistakes. For starters, it doesn't call itself al Qaeda. Secondly, it hasn't launched a campaign to crack down on social issues such as smoking or listening to music and so has not alienated the local Sunni population as AQI did in Iraq.


Barak Barfi, a journalist and fellow at the New America Foundation who has spent several months on the ground in Aleppo in northwestern Syria reporting on the opposition to Assad, says Nusra fighters stand out for their bravery and discipline: "They are winning over the hearts and minds of Aleppo residents who see them as straight shooters. There is a regimented recruiting process that weeds out the chaff. Their bases are highly organized with each person given specific responsibilities."


Arab Spring countries seen as an opportunity


The chaotic conditions of several of the countries of the "Arab Spring" are certainly something al Qaeda views as an opportunity. Ayman al-Zawahiri the leader of the group, has issued 27 audio and video statements since the death of bin Laden, 10 of which have focused on the Arab countries that have experienced the revolutions of the past two years.


But if history is a guide, the jihadist militants, whether in Syria or elsewhere, are likely to repeat the mistakes and failures that their fellow militants have experienced during the past decade in countries as disparate as Somalia, the Philippines, Yemen, Iraq, Indonesia, Saudi Arabia and now, Mali.


That's because encoded in the DNA of al Qaeda and like-minded groups are the seeds of their own destruction because in power they rule like the Taliban, and they also attack fellow Muslims who don't follow their dictates to the letter. This doesn't mesh very well with these organizations' claims that they are the defenders of Muslims.


These groups also have no real plans for the multiple political and economic problems that beset much of the Islamic world. And they won't engage in normal politics such as elections believing them to be "un-Islamic."


This is invariably a recipe for irrelevance or defeat. In not one nation in the Muslim world since 9/11 has a jihadist militant group seized control of a country. And al Qaeda and its allies' record of effective attacks in the West has been non-existent since 2005.


With threats like these we can all sleep soundly at night.


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