Shares hit 20-month high as Japan promises open-ended easing

LONDON (Reuters) - World shares hit a new 20-month high on Tuesday after Japan's central bank promised to pump unlimited stimulus into the country's economy to fight the threat of deflation and generate growth.

The Bank of Japan, which has been under intense political pressure to overcome deflation, hiked its inflation target to 2 percent and said that from 2014 it would adopt an open-ended commitment to buy assets.

The move surprised markets, which had expected another incremental increase in its 101 trillion yen ($1.12 trillion) asset-buying and lending program, though the delay until the easing measures kick in dulled the impact and saw the yen edge higher against the dollar.

"From 2014 onwards it's positive ... (but) from now until then, they are not doing anything more aggressive to weaken the yen," said Roy Teo, an FX strategist for ABN Amro.

Equity markets, particularly in Japan, have risen strongly in the run up to Tuesday's meeting, and the confirmation of the plans was enough to lift the MSCI world index <.miwd00000pus> 0.15 percent to a fresh 20-month high of 352.54.

European shares, which have been testing two-year highs in recent days, saw a more subdued start as investors awaited a cue from U.S. corporate earnings figures later in the day.

London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> opened between flat and down 0.1 percent, leaving the FTSEurofirst 300 <.fteu3> down 0.1 percent.

Brent crude rose 0.3 percent to $112.07 a barrel, and gold was up 0.2 percent as the BOJ's latest easing action added to recent positive data from the United States and China, while growing confidence in the strength of China's economic recovery pushed London copper up 0.7 percent to $8,111.75 a metric ton.

General market sentiment was also supported by signs of a compromise to avert a U.S. fiscal crisis.

Republican leaders in the U.S. House of Representatives have scheduled a vote on Wednesday on a nearly four-month extension of U.S. borrowing capacity, aimed at avoiding a fight over the looming federal debt ceiling.

In the European bond market, Bund futures were steady as investors eyed a new 10-year Spanish bond and waited on the ZEW investor sentiment index due at 1000 GMT for the latest gauge on the health of the euro zone's largest economy, Germany.

(Reporting by Marc Jones; Editing by Will Waterman)

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Harbaugh brothers take 49ers, Ravens to Super Bowl

This Super Bowl will be filled with firsts — and one significant last.

The Harbaughs, San Francisco's Jim and Baltimore's John, will be the first pair of brothers to coach against each other in the NFL title game.

Quarterbacks Colin Kaepernick of the 49ers and Joe Flacco of the Ravens each will be playing in his first Super Bowl — where success is the ultimate measure of elite QBs.

It'll be Baltimore's first crack at a championship in a dozen years, San Francisco's first in 18. They are a combined 6-0 in Super Bowls (the 49ers own five of those victories), so one club will lose the big game for the first time.

And middle linebacker Ray Lewis, Baltimore's emotional leader and top tackler, will be playing in the final game of his 17-year career before heading into retirement.

"This is our time," Lewis pronounced.

For all of those story lines, none is expected to command as much attention as Harbaugh vs. Harbaugh. The game in New Orleans on Feb. 3 was quickly given all manner of nicknames: The Brother Bowl. The Harbaugh Bowl. The Har-Bowl. The Super-Baugh.

The Harbaughs' sister, Joani Crean, wrote in a text to The Associated Press: "Overwhelmed with pride for John, Jim and their families! They deserve all that has come their way! Team Harbaugh!"

As John prepared to coach the Ravens in the AFC championship game Sunday night, he watched on the stadium's big video screen as Jim's 49ers wrapped up the NFC championship.

John looked into a nearby TV camera, smiled broadly and said: "Hey, Jim, congratulations. You did it. You're a great coach. Love you."

Less than four hours later, the Ravens won, too. Some siblings try to beat each other in backyard games. These guys will do it in the biggest game of all.

Who's a parent to cheer for?

During the 2011 regular season, the Harbaughs became the only brothers to coach against each other in any NFL game (the Ravens beat the 49ers 16-6 on Thanksgiving Day that year).

The NFC West champion 49ers (13-4-1) opened as 5-point favorites, seeking a record-tying sixth Super Bowl title to add to those won by Hall of Fame quarterbacks Joe Montana and Steve Young.

Lewis was the MVP when the AFC North champion Ravens (13-6) beat the New York Giants in 2001.

With Kaepernick's terrific passing — he was 16 of 21 for 233 yards and a touchdown in only his ninth career NFL start — and two TD runs by Frank Gore, San Francisco erased a 17-point deficit to beat the Atlanta Falcons 28-24 Sunday.

Baltimore then fashioned a comeback of its own, scoring the last 21 points to defeat the New England Patriots 28-13, thanks in large part to Flacco's three second-half touchdown tosses, two to Anquan Boldin. Lewis and the rest of Baltimore's defense limited the high-scoring Patriots to one touchdown.

In the often risk-averse NFL, each Harbaugh made a critical change late in the regular season in a bid to boost his team's postseason chances. Clearly, both moves worked.

After 49ers quarterback Alex Smith, the starter in last season's overtime NFC title game loss to the Giants, got a concussion, Jim switched to Kaepernick for Week 11 — and never switched back. Now San Francisco has its first three-game winning streak of the season, at precisely the right time.

Baltimore, meanwhile, was in the midst of a three-game losing streak when John fired offensive coordinator Cam Cameron and promoted quarterbacks coach Jim Caldwell to replace him.

The 50-year-old John is 15 months older than Jim and generally the less demonstrative of the pair, although John certainly did not lack intensity while making his case with officials a couple of times Sunday.

The ever-excitable Jim — who was treated for an irregular heartbeat in November — was up to his usual sideline antics in Atlanta.

He spun around and sent his headset flying when the original call stood after he threw his red challenge flag on a catch by the Falcons. He hopped and yelled at his defense to get off the field after their key fourth-down stop with less than 1½ minutes left. He made an emphatic-as-can-be timeout signal with 13 seconds remaining.

Expect CBS to fill plenty of time during its Super Bowl broadcast with shots of Jim, that trademark red pen dangling in front of his chest, and John, who usually wears a black Ravens hat. That is sure to be a focal point, right up until they meet for a postgame handshake in two weeks' time.

___

AP Sports Writer Janie McCauley in San Francisco contributed to this report.

___

Follow Howard Fendrich on Twitter at http://twitter.com/HowardFendrich

___

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

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Why Hollande must 'reset presidency'

John Gaffney says Francois Hollande, seen here at the Elysee Palace on January 11, 2013, needs to rethink his presidency.

STORY HIGHLIGHTS

• French President Francois Hollande and the country's Socialists are in a strong position


• Despite this, Hollande has made little progress since his election, says John Gaffney


• Gaffney: Hollande "like a stunned bunny in the headlights" of economic reality


• President must act now, and act decisively, to make France admired again, says Gaffney

Editor's note: John Gaffney is professor of politics and co-director of the Aston Centre for Europe, at the UK's Aston University.

(CNN) -- France is the fifth richest country in the world. It is the world's sixth largest exporter. It has the second largest diplomatic network in the world, after the US. It is a member of the UN Security Council. It is the most visited country in the world, welcoming 82 million visitors last year. It is a major nuclear power. It is the true founder of the European Union. And it is in a terrible mess.

Socialist Francois Hollande was elected president almost a year ago, ousting the deeply unpopular "Mr Bling," President Nicolas Sarkozy.

John Gaffney is professor of politics at Aston University in the UK.

France's Socialist left have never been so strong politically: They control the presidency, the government, both houses of parliament, the regions, and all the big towns and cities. And in his first eight months in office, Hollande has done virtually nothing. He is like a stunned bunny in the headlights of an oncoming vehicle called "Harsh Economic Reality."

Hollande has three fundamental problems. The first is that he doesn't have a plan. Tens of thousands of people are losing their jobs each week, and it is going to get worse and worse.

France faces a huge public spending crisis - in health, pensions, and now welfare, and a government debt of 90% of GDP. Not one single adequate measure has been put forward, nor even proposed in his eight months in office.

The second problem is that he lacks the political will to break the log-jams in French society: Making industry more competitive, reducing government spending. He cannot do these things because one of the constituencies he needs to take on -- the huge public sector -- is made up of the people who voted him into power.

He could take on the equally irresponsible banks -- they didn't vote for him -- but he risks sending the economy into a tailspin if he does.

And not only does he need to address the structural issues in France's economy and society, but he made the mistake of telling everyone he could solve the country's problems painlessly, or by taxing the super-rich, and he is not managing to do that either, so he is just taxing everyone else.

Now he faces the worst situation possible because no one believes a word he says. He delivered a robust New Year's message last week, watched by millions; yet 75% don't believe he can deliver on its promise.

In fact, the New Year's Eve wishes everyone in France did believe were the Churchillian tones of German Chancellor Angela Merkel. Her message was essentially the opposite of Hollande's bizarre optimism, which seems to involve little more than following the "Keep Calm and Carry On" mantra. But waiting for the upturn will find France unprepared and in a worse predicament than Spain or Italy, who are now busily restructuring their economies.

The third and fundamental problem Hollande has is that he does not understand the nature of the office he holds, the French Presidency of the Republic. If he did, he might find a way forward. In his New Year message he likened himself to a ship's captain. But he has to be one, not just say he is one. The office of French President is a highly complex mixture of the political and the symbolic. But it is fundamentally about leadership; that is leading not following, and taking the French with him.

Hollande urgently needs to reset his Presidency - and there are a few clear rules to do so:

He needs to take on the banks where necessary, take on the benefits system, the impediments to innovation and to setting up new businesses, take on the appalling situation of France's forgotten inner city misery; his need not be a hard-nosed liberal agenda.

No government in French history is in a better position to make France a more equal society while making it and its economy more efficient. He should focus on young people trying to set up their own business. Focus on small businesses generally. Drag France away from its drive to over regulate everything and throttle innovation. Tax the super-rich if necessary, as long as it contributes to the overall solution he is aiming for.

He also needs to get into step with Merkel and lead Europe with Germany, not pretend he is the spokesperson for the irresponsible spenders.

But above all, he should use the presidency in a more imaginative way: Begin an ongoing and exciting conversation with the French. No other office in the world, not even the presidency of the US, offers such scope for an intimacy between leader and population.

He should boldly use the referendum to build up and direct the conversation towards change and innovation. If the vested interests won't move, bring in the people. Use the referendum like de Gaulle did between 1958 and 1962, as a major political weapon to break the deadlocks in French political society.

In Europe and the wider world he has to make France admired again, as it once was. Inside France, he has to forget about not upsetting anyone. In fact, he should have a plan that upsets just about everybody. The French would love him for it.

So far it remains to be seen what impact his first major foreign policy challenge -- in Mali -- will have. As French forces, with the backing of the international community, go into the West African country to take on Islamist rebels, the coming weeks will tell us whether fate just gave to him the best or the worst opportunity to show the French, and the rest of the world, what he is made of.

The opinions expressed in this commentary are solely those of John Gaffney.

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Michelle Obama wears bangs, Krakoff to swearing-in

WASHINGTON (AP) — Michelle Obama showed off her new bangs and a royal blue dress and cardigan by American designer Reed Krakoff at Sunday’s swearing-in ceremony.

The first lady and daughter Malia matched President Barack Obama‘s blue suit, also complementing the Blue Room of the White House, where the small ceremony took place. Younger daughter Sasha, however, went her own way: She wore a lacy pink dress with a gold, wide-width, high-waisted belt — a style her mother helped popularize — and gold shoes.

It’s not the first time Mrs. Obama chose a design by Krakoff. She previously has worn a gown and jacket by the designer, who also is the president and executive creative director of Coach, Inc. She has carried one of his tote bags, too.

Her hairdo, however, is a change — and it has been the subject of online chatter since its debut on Thursday in a photo taken at the White House.

Entertainment News Headlines – Yahoo! News

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European shares test two-year highs, yen volatile before BOJ

LONDON (Reuters) – European shares inched towards two-year highs and German Bund futures dipped on Monday, as a political attempt to break a budget impasse in the United States revived appetite for shares and dented appetite for safe-haven assets.

U.S. House Republican leaders said on Friday they would seek to pass a three-month extension of federal borrowing authority in the coming days to buy time for the Democrat-controlled Senate to pass a plan to shrink budget deficits.

European shares <.fteu3> were supported by the news <.eu>, but with no clear response from the Democrats and a thin session expected due to a market holiday in the United States, the impact on other assets such as Bunds is likely to be limited.</.eu></.fteu3>

London’s FTSE 100 <.ftse>, Paris’s CAC-40 <.fchi> and Frankfurt’s DAX <.gdaxi> opened between 0.4 and 0.5 percent higher, lifting the pan-European FTSEurofirst 300 0.3 percent and MSCI’s world index 0.1 percent. <.l><.eu></.eu></.l></.gdaxi></.fchi></.ftse>

“There’s a bit of encouragement coming out of the U.S.,” said Toby Campbell-Gray, head of trading at Tavira Securities in Monaco.

He added that equity markets had remained resilient in the face of an uncertain economic outlook as many investors had stepped in to buy “on the dip” on days when shares had fallen.

Ahead of the region’s first finance ministers’ meeting of the year the euro was steady against the dollar, while the yen firmed after touching a new low, ahead of a Bank of Japan decision expected to deliver bold monetary easing.

The dollar slipped back to a low of 89.42 yen and was last trading at 89.57 yen, while the euro also fell to a low of 119.08 and last traded at 119.27 yen.

With little in the way of economic data or debt issuance and U.S. markets shut for the Martin Luther King Jr. public holiday, it was expected to be a fairly quite market day.

Oil prices took their cues from a report in the United States at the end of last week that showed consumer sentiment at its weakest in a year as a result of the uncertainty surrounding the country’s debt crisis.

Concerns about demand overshadowed supply disruption fears reinforced by the Islamist militant attack and hostage-taking at a gas plant in Algeria, a member of the Organization of Petroleum Exporting Countries.

U.S. crude futures fell 0.5 percent to $ 95.08 a barrel, while Brent fell 0.3 percent to $ 111.55 early on Monday but had recovered to almost flat as European trading gathered pace.

(Additional reporting by Sudip Kar-Gupta; Editing by Will Waterman)

Business News Headlines – Yahoo! News

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Give Your Driveway the Red Carpet Feel!

LONDON, UNITED KINGDOM–(Marketwire – Jan 21, 2013) – Looking to give your home and garden that certain ”je ne sais quoi” but aren”t sure where to find it? Well look no further, as Bradstone have the answer for you! Thanks to their collection of stylish driveway paving, this structural supplier can now give YOUR home that touch of character you”ve been searching for. Giving your driveway the personal touch not only treats it to a much needed makeover, but it will also make your house stand out of the crowd. Interested? Here”s how you can achieve it!

Which driveway is for you?

Bradstone offer a fantastic selection of high quality driveway products; all that”s left to do is to choose the best one for you…

• Stonemaster Paving- demonstrating a sawn sandstone or granite look, these paving slabs are so realistic that they are often mistaken for the material itself. What”s more, Stonemaster is also very versatile! Whether you”re aiming for a random design, or a more uniform style of paving, the Stonemaster can master it all. 


• Woburn Cobble Paving- if you”re looking for that added charm to your household, then Woburn Cobble can definitely give you that ”wow factor.” Existing as one of the more popular paving solutions, the Woburn Cobble design is weathered in appearance, but attracts customers because of its ”homely feel.” It”s also available in four different complementary shades; what”s not to love?


• Driveflair Paving- searching for a driveway with extra glamour? Then Driveflair could be the one for you! As the name suggests, this paving holds an element of style which will make your home and garden the envy of all your neighbours. With a mix and match range to choose from, this paving will provide you with a fantastic look for years to come thanks to its textured surface finish.


• Traditional Paving- if you”re less inclined to contemporary designs then there is always the Traditional paving to keep you company. With its subtle shades and ranges of size, this is perfect for any home, so bear it in mind if you”re after a change.

This is just a snippet of the vast choices available from Bradstone, so if you fancy sprucing up your driveway, then get looking now!

Notes to Editors

• Bradstone is an Aggregate Industries business and a leader in the manufacture and supply of domestic paving, walling, edging, decorative stone and driveway products


• All Bradstone”s products are available nationally through a large number of DIY stores, builder”s merchants and independent merchants

Marketwire News Archive – Yahoo! Finance

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European shares test two-year highs, yen volatile before BOJ

LONDON (Reuters) - European shares inched towards two-year highs and German Bund futures dipped on Monday, as a political attempt to break a budget impasse in the United States revived appetite for shares and dented appetite for safe-haven assets.

U.S. House Republican leaders said on Friday they would seek to pass a three-month extension of federal borrowing authority in the coming days to buy time for the Democrat-controlled Senate to pass a plan to shrink budget deficits.

European shares <.fteu3> were supported by the news <.eu>, but with no clear response from the Democrats and a thin session expected due to a market holiday in the United States, the impact on other assets such as Bunds is likely to be limited.

London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> opened between 0.4 and 0.5 percent higher, lifting the pan-European FTSEurofirst 300 0.3 percent and MSCI's world index 0.1 percent. <.l><.eu/>

"There's a bit of encouragement coming out of the U.S.," said Toby Campbell-Gray, head of trading at Tavira Securities in Monaco.

He added that equity markets had remained resilient in the face of an uncertain economic outlook as many investors had stepped in to buy "on the dip" on days when shares had fallen.

Ahead of the region's first finance ministers' meeting of the year the euro was steady against the dollar, while the yen firmed after touching a new low, ahead of a Bank of Japan decision expected to deliver bold monetary easing.

The dollar slipped back to a low of 89.42 yen and was last trading at 89.57 yen, while the euro also fell to a low of 119.08 and last traded at 119.27 yen.

With little in the way of economic data or debt issuance and U.S. markets shut for the Martin Luther King Jr. public holiday, it was expected to be a fairly quite market day.

Oil prices took their cues from a report in the United States at the end of last week that showed consumer sentiment at its weakest in a year as a result of the uncertainty surrounding the country's debt crisis.

Concerns about demand overshadowed supply disruption fears reinforced by the Islamist militant attack and hostage-taking at a gas plant in Algeria, a member of the Organization of Petroleum Exporting Countries.

U.S. crude futures fell 0.5 percent to $95.08 a barrel, while Brent fell 0.3 percent to $111.55 early on Monday but had recovered to almost flat as European trading gathered pace.

(Additional reporting by Sudip Kar-Gupta; Editing by Will Waterman)

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Baseball reflects on HOF pair Weaver, Musial

One was born in St. Louis, the other became a star there.

Aside from that, Earl Weaver and Stan Musial were about as different as two Hall of Famers could be.

"Talk about your odd couple," said George Vecsey, the longtime sports columnist for The New York Times who wrote a recent biography of Musial.

Weaver was a 5-foot-6 rabble rouser whose penchant for quarreling with umpires belied a cerebral approach to managing that has stood the test of time. Musial was a humble slugger with a funky batting stance who was beloved by Cardinals fans and respected by pretty much everyone else.

Saturday began with news of Weaver's death at age 82, and by the end of the night Musial had died, too, leaving baseball to reflect on two distinguished careers rich in contrasts.

"Earl was well known for being one of the game's most colorful characters with a memorable wit, but he was also amongst its most loyal," Commissioner Bud Selig said.

Selig later released a statement after Musial's death at age 92.

"Stan's life embodies baseball's unparalleled history and why this game is the national pastime. As remarkable as 'Stan the Man' was on the field, he was a true gentleman in life," Selig said.

A three-time MVP and seven-time National League batting champion, Musial helped the Cardinals win three World Series championships in the 1940s. His popularity in St. Louis can be measured by the not one, but two statues that stand in his honor outside Busch Stadium. After his death Saturday, Cardinals of more recent vintage began offering condolences almost immediately.

"Sad to hear about Stan the Man, it's an honor to wear the same uniform," said a message posted on the Twitter account of Cardinals outfielder Matt Holliday.

Albert Pujols, who led St. Louis to World Series titles in 2006 and 2011 before leaving as a free agent before last season, offered prayers for Musial's family via Twitter.

"I will cherish my friendship with Stan for as long as I live," said a message posted on Pujols' site. "Rest in Peace."

Weaver was born in St. Louis, but his greatest success came as a manager in Baltimore. He took the Orioles to the World Series four times, winning one title in 1970.

Never a fan of small-ball strategies like bunting and stealing bases, Weaver preferred to wait for a three-run homer, always hoping for a big inning that could break the game open.

"No one managed a ballclub or pitching staff better than Earl," said Davey Johnson, who played under Weaver with the Orioles.

Johnson now manages the Washington Nationals and ran the Orioles from 1996-97.

"He was decades ahead of his time," Johnson said. "Not a game goes by that I don't draw on something Earl did or said. I will miss him every day."

While Musial could let his bat do the talking, Weaver was more than willing to shout to be heard. His salty-tongued arguing with umpires will live on through YouTube, and Orioles programs sold at the old Memorial Stadium frequently featured photos of Weaver squabbling.

Former umpire Don Denkinger remembered a game in which the manager disputed a call with Larry McCoy at the plate.

"Earl tells us, 'Now I'm gonna show you how stupid you all are.' Earl goes down to first base and ejects the first base umpire. Then he goes to second base and ejects the second base umpire. I'm working third base and now he comes down and ejects me," Denkinger said.

Musial was a quieter type who spent his career far removed from the bright lights of places like New York and Boston. But his hitting exploits were certainly on par with contemporaries Joe DiMaggio and Ted Williams.

"I knew Stan very well. He used to take care of me at All-Star games, 24 of them," Hall of Famer Willie Mays said. "He was a true gentleman who understood the race thing and did all he could. Again, a true gentleman on and off the field — I never heard anybody say a bad word about him, ever."

Dave Anderson of The New York Times recalled growing up in Brooklyn, rooting for Musial. Those Dodgers crowds helped give Musial his nickname, Stan the Man.

"I thought he was going to knock the fence down in Brooklyn, he'd hit it so often," Anderson said.

Musial did it despite an odd left-handed stance — with his legs and knees close together, he would cock the bat near his ear and twist his body away from the pitcher before uncoiling when the ball came.

If that was a lasting snapshot of Musial, the images of Weaver will stay just as fresh — the feisty manager, perhaps with his hat turned backward, looking up at an umpire and screaming at him before kicking dirt somewhere and finally leaving the field.

None of those histrionics should obscure the fact that in the end, Weaver often had the last laugh — to the tune of a .583 career winning percentage.

"When you discuss our game's motivational masters, Earl is a part of that conversation," Hall of Fame President Jeff Idelson said. "He was a proven leader in the dugout and loved being a Hall of Famer. Though small in stature, he was a giant as a manager."

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Mali war turns musicians into military

French-led Mali offensive

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STORY HIGHLIGHTS

• Until recently, Mali was better known for its music, mosques and manuscripts than for conflict


• Andy Morgan: Music and culture are Mali's shop-window to the world, its primary asset


• Conflict turns musicians, artists and writers into frontline soldiers, says Morgan


• Morgan: In Mali they're still singing, still writing, still fighting

Editor's note: Andy Morgan recently ended a seven-year stint as manager of Touareg rockers Tinariwen, leaving the music industry after 29 years to concentrate on writing. He has contributed features and reviews to The Independent, fRoots, Songlines, NME and Rolling Stone, and is currently working on books about the Sahara and West Africa.

(CNN) -- It's safe to assume that most people outside West Africa had never even heard of Mali until a few weeks ago. If they had, there's a good chance it was thanks to some beautifully flowing song or instrumental by one of the country's many world-renowned musicians: Salif Keita, Tinariwen, Oumou Sangare, Toumani Diabate, Rokia Traore... the list is long.

If it wasn't music then it might have been Mali's priceless medieval manuscripts that drew their attention, or its majestic mud-built mosques, its filmmakers, poets, photographers and writers.

Like Jamaica or Ireland, Mali's music and culture are its primary asset, its shop-window to the world, its "gold and cotton" as one famous musician put it.

Andy Morgan is a world music journalist and former manager of Touareg band Tinariwen.

Certainly, very few people would have included the words "Mali" and "Islamism" in the same sentence before April last year, when Islamist militia took control of over two thirds of the country and started amputating the hands of thieves, stoning adulterers and whipping women who happened to venture out into the streets 'improperly' dressed.

With the arrival of French forces and the mass hostage seizure at the Algerian oil facility of In Amenas, Mali and Islamism are two words that now appear not only to be inextricably linked but on the front page.

Six reasons why Mali matters

Of course, the association goes back much further than April 2012.

Al Qaeda and the Islamic Maghreb (AQIM) moved south from Algeria and into Mali's remote northern deserts over a decade ago. It proceeded to amass a fortune from kidnapping, smuggling and money laundering whilst undermining the local economy, disrupting social relations and destroying the local tourist industry.

It brought along a hardcore form of Islam inspired by Wahabism and a hatred of the West that was previously almost unheard of in Mali, a country which has long contented itself with gentler and more tolerant brands of Sufism richly tinted by local pre-Islamic beliefs.

AQIM also managed to hijack a rebellion against the central government in Bamako by the nomadic Touareg people of the north that had been grinding on and off for the best part of fifty years.

This conflict, which first erupted in 1963, was always about power, influence and the self-determination of a marginalized people. It was also about preserving the Touareg's unique Berber culture. It had never been about imposing hard line Islam on anyone. But from round 2006 onwards, Touareg nationalism and Islamic terrorism became inextricably confused with each other.

Why Africa backs French in Mali

Indeed, there's a widespread theory, confirmed by the word of just a few bit-players in the drama but lacking any more conclusive evidence, that certain parties who were utterly averse to the idea of an independent Touareg state -- the Malian government, Algeria and others -- either deliberately implanted AQIM in the region, or at the very least tolerated its presence there.

It was hoped that the strategy would attract military aid and doom the Touareg nationalist project to failure. The theory might seem strange given the damage that terrorism has wrought in both Mali and Algeria but most Touareg I know accept it as gospel. We'll probably never know the whole truth.

What's certain is that the Sahara is one of the hardest places on earth for an outsider to understand. Its interlocking cogs of power and influence -- geopolitical, regional, governmental, tribal, mineral, criminal, spiritual, clan and family -- are fiendishly complex.

No foreign intervention can hope to achieve any long-term benefits if it cannot get to grips with the underlying political and social mechanism of this vast region.

2011 brought the Arab Spring and the end of Muammar Gadhafi, who had long been a stabilizing force in the Sahel, and both a promoter and a hinderer of Touareg nationalist ambitious. His weapons arsenals were opened up to armed groups of every stripe and in January 2012, the Touareg used this opportunity to reignite their rebellion in northern Mali. But it was al Qaeda in the Islamic Maghreb who eventually took control, either directly or through a network of alliances.

Now Mali's hopes lie with the French, who intervened on Friday January 11, after months of diplomatic wrangling at the U.N. and elsewhere.

France 'not a pacifist nation'

So the world has a new front on the global war on terror and France has a new battle to fight in Africa.

Within northern Mali itself, however, and throughout the Muslim world, this is not seen as a war on terror but as a cultural conflict, one that pits a group of people who feel that the future of their society will be best served by rejecting Western liberal values and returning to the core tenets of Islam against another group who believe in religious tolerance, secularism, democracy and music.

This conflict turns musicians, artists and writers into frontline soldiers.

Saudi Arabia destroyed its mausoleums and silenced its musicians decades, even centuries, ago. In the Algerian civil war of the 1990s, many musicians, writers and cultural figures were killed, prompting others to flee overseas.

In Mali they're still singing, still writing, still fighting, for the time being at least.

In this new battleground in the cultural wars of the Muslim world, a distant mirror of the religious wars that shook Europe in the 15th and 16th centuries, Malian musicians are taking a stand. That's why music matters. That's why Mali matters.

The opinions expressed in this commentary are solely those of Andy Morgan.

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Ex-Discovery Exec Peter Liguori Named New Tribune CEO

NEW YORK (TheWrap.com) – Former Fox and Discovery executive Peter Liguori has been named the new CEO of Tribune Company.

In its first board of directors meeting since emerging from a bankruptcy, Tribune Co. also named investor Bruce Karsh as its chairman. The new Tribune board includes Ross Levinsohn, the former interim CEO of Yahoo who this week was named CEO of Prometheus, the parent company of the Hollywood Reporter.

Eddy Hartenstein, who had served as CEO of Tribune for the last 18 months, will stay with the company as publisher/CEO of the Los Angeles Times Media Group. He will remain on the company’s board and serve as a special adviser to Ligouri.

Liguori’s appointment had been long expected. Reuters reported in September that he was being eyed as the company’s new CEO.

Liguori gave interviews to the two largest Tribune papers, the Los Angeles Times and the Chicago Tribune. In his Times interview, he was asked if the papers could be sold.

“There are people interested in the newspapers,” he said. “It is my fiduciary responsibility to hear them out and see if in fact their interest is real and their commitment is concomitant with the value of these newspapers. But that runs parallel to my working with you guys on running the business on a day-to-day basis to maximize the value.”

Liguori became an operating executive at Carlyle, a private equity firm, in July. At the company, he provided guidance to the telecommunications and media team. He was also up for the post of entertainment and digital media president at Microsoft.

That job went in September to former CBS executive Nancy Tellem.

Liguori was previously chief operating officer of Discovery Communications, serving as the cable network’s No. 2 executive from 2009 to the end of 2011. He served as interim CEO of OWN beginning in May 2011, after the dismissal Christina Norman.

Within two months, Oprah Winfrey named herself CEO of OWN. In November, Liguori said he was leaving Discovery, and the company said no replacement would be named.

Prior to joining Discovery, he spent 13 years with Fox Entertainment, serving as president and then chairman of Entertainment for Fox Broadcasting Company from 2005 to 2009.

He was previously president and CEO of News Corp.’s FX Networks.

TV News Headlines – Yahoo! News

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