Obama moves on taxes in latest "cliff" counter-proposal

President Obama gave up Monday on his demand for higher taxes on households earning $250,000 and upped it to $400,000 while embracing smaller cost-of-living Social Security raises in a counter-proposal to House Speaker John Boehner meant to narrow differences and forge a pre-Christmas "fiscal cliff" deal.

Mr. Obama and Boehner met for nearly an hour in the Oval Office on Monday and sources familiar with the talks released specific details of the White House proposal.

Boehner aides said it brought the two sides closer but said a deal was not at hand.

"Any movement away from the unrealistic offers the President has made previously is a step in the right direction, but a proposal that includes $1.3 trillion in revenue for only $930 billion in spending cuts cannot be considered balanced," said Brendan Buck, a Boehner spokesman.

Other senior Republican aides told reporters on Capitol Hill they are not rejecting the latest White House offer, but they also said that there is not parity or balance in the White House plan and substantive issues remain unresolved. One senior aide said the issues that they are talking about are not technically difficult to resolve, but they were wary the differences might be fundamental issues that are difficult to resolve.

But the depth, specificity and fine-grain nature of discussions over policy, tax revenue and spending cuts belied the tough rhetoric from the two sides in the negotiation. Signs point to a deal before the New Year's fiscal cliff deadline -- and possibly an announcement as early as Wednesday.

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Boehner's "fiscal cliff" offer brings optimism to Capitol Hill

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Boehner's "fiscal cliff" concessions come with a price

Talks picked up genuine momentum on Friday when Boehner agreed to higher income tax rates on households earning $1 million and above. Previously, Boehner opposed all income tax increases. He also gave in on raising the debt ceiling, a vote some Republicans wanted to use as leverage against Obama in 2013. Both gestures, top White House aides said, broke the logjam.

Mr. Obama responded with big concessions of his own on Monday. He offered a $400,000 income threshold for a Clinton-era top tax bracket of 39.6 percent. Boehner had proposed that tax rate for millionaires and a total 10-year tax revenue figure of $1 trillion. Obama wants $1.2 trillion in new revenue. Both sides look for hundreds of billions in new revenue in 2013 through a tax reform process that eliminates some tax deduction and closes loopholes.

The president also wants a two-year ceasefire on raising the debt ceiling. Boehner offered one year.

In addition to disagreement on income levels for tax rates or some other way to get more revenue, the two sides have not set in stone an actual tax reform process. It sounds like they are talking about creating a new sequester-like mechanism in 2014 as incentive for both tax reform and entitlement reforms.

Speaking of entitlements, Boehner also asked the White House to increase the eligibility age for Medicare but Mr. Obama again refused. This difference could loom large as Republicans want structural cost-saving changes in Medicare in exchange for raising income tax rates.

Mr. Obama has given ground on cost-of-living adjustments to Social Security and other federal benefits, but is trying to shield Medicare. Democrats have warned Obama they might bolt if he folds on raising Medicare's eligibility age. They have been less emphatic about cost-of-living adjustments.

Other components of the president's counter-proposal include:

• $1.2 trillion in new income tax revenue with a 39.6 percent (up from 35 percent) on income of $400,000 or more.
• $1.2 trillion in spending cuts divided this way: $800 billion in cuts; $290 billion in interest savings due to lower deficits; $130 billion in cost-of-living adjustments - - with specific protections to preserve increases for economically disadvantaged beneficiaries. Because changing cost-of-living adjustments would also affect where people fell in various tax brackets, this move would raise $90 billion
• The $800 billion in cuts would come from $400 billion in savings to health care entitlements like Medicare and Medicaid; $200 billion in better tax revenue collection, increased financial transaction fees and reduced federal employee benefits.
• $200 billion in domestic discretionary -- annual spending on basic government functions - divided equally between defense and non-defense programs.
• At least $50 billion devoted next year to infrastructure spending and more in latter years - figures still subject to negotiation.
• A one-year extension of unemployment insurance benefits.

Both sides have already agreed to create long-term solutions for the annual ritual of adjusting the Alternative Minimum Tax, the reimbursement formulas for Medicare physicians and a grab-bag of pro-business tax breaks.

Obama also did not ask for an extension of the temporary 2 percent payroll tax - a priority for some Democrats.

Funding for Superstorm Sandy will be handled separately from the emerging fiscal cliff package. The Senate is considering the administration's $60.4 billion request and the White House expects swift, bipartisan approval.

CBS News Capitol Hill producer Jill Jackson contributed to this report.

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Conn. Kids Laid to Rest: 'Our Hearts Are With You'

Visibly shaken attendees exiting the funeral today for 6-year-old Noah Pozner, one of 20 children killed in the Connecticut school massacre last week, said they were touched by a story that summed up the first-grader best.

His mother, Veronique, would often tell him how much she loved him and he'd respond: "Not as much as I [love] you," said a New York man who attended the funeral but was not a member of the family.

Noah's family had been scheduled to greet the public before the funeral service began at 1 p.m. at the Abraham L. Green & Son Funeral Home in Fairfield, Conn. The burial was to follow at the B'nai Israel Cemetery in Monroe, Conn. Those present said they were in awe at the composure of Noah's mother.

Rabbi Edgar Gluck, who attended the service, said the first person to speak was Noah's mother, who told mourners that her son's ambition when he grew up was to be either a director of a plant that makes tacos -- because that was his favorite food -- or to be a doctor.

Outside the funeral home, a small memorial lay with a sign reading: "Our hearts are with you, Noah." A red rose was also left behind along with two teddy bears with white flowers and a blue toy car with a note saying "Noah, rest in peace."

CLICK HERE for complete coverage of the tragedy at Sandy Hook.

Don Emmert/AFP/Getty Images

President Obama on Newtown Shooting: 'We Must Change' Watch Video

The funeral home was adorned with white balloons as members of the surrounding communities came also to pay their respects, which included a rabbi from Bridgeport. More than a dozen police officers were at the front of the funeral home, and an ambulance was on standby at a gas station at the corner.

U.S. Sen. Richard Blumenthal, U.S. Rep. and Sen.-Elect Chris Murphy and Gov. Dannel P. Malloy, all of Connecticut, were in attendance, the Connecticut Post reported.

Noah was an inquisitive boy who liked to figure out how things worked mechanically, The Associated Press reported. His twin sister, Arielle, was one of the students who survived when her teacher hid her class in the bathroom during the attack.

CLICK HERE for a tribute to the shooting victims.

The twins celebrated their sixth birthday last month. Noah's uncle Alexis Haller told the AP that he was "smart as a whip," gentle but with a rambunctious streak. He called his twin sister his best friend.

"They were always playing together, they loved to do things together," Haller said.

The funeral for Jack Pinto, 6, was also held today, at the Honan Funeral Home in Newtown. He was to be buried at Newtown Village Cemetery.

Jack's family said he loved football, skiing, wrestling and reading, and he also loved his school. Friends from his wrestling team attended his funeral today in their uniforms. One mourner said the message during the service was: "You're secure now. The worst is over."

Family members say they are not dwelling on his death, but instead on the gift of his life that they will cherish.

The family released a statement, saying, Jack was an "inspiration to all those who knew him."

"He had a wide smile that would simply light up the room and while we are all uncertain as to how we will ever cope without him, we choose to remember and celebrate his life," the statement said. "Not dwelling on the loss but instead on the gift that we were given and will forever cherish in our hearts forever."

Jack and Noah were two of 20 children killed Friday morning at Sandy Hook Elementary School in Newtown, Conn., when 20-year-old Adam Lanza sprayed two first-grade classrooms with bullets that also killed six adults.

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Syrian rebels take control of Damascus Palestinian camp

BEIRUT (Reuters) - Syrian rebels took full control of the Yarmouk Palestinian refugee camp on Monday after fighting raged for days in the district on the southern edge of President Bashar al-Assad's Damascus powerbase, rebel and Palestinian sources said.

The battle had pitted rebels, backed by some Palestinians, against Palestinian fighters of the pro-Assad Popular Front for the Liberation of Palestine-General Command (PFLP-GC). Many PFLP-GC fighters defected to the rebel side and their leader Ahmed Jibril left the camp two days ago, rebel sources said.

"All of the camp is under the control of the (rebel) Free Syrian Army," said a Palestinian activist in Yarmouk. He said clashes had stopped and the remaining PFLP fighters retreated to join Assad's forces massed on the northern edge of the camp.

The battle in Yarmouk is one of a series of conflicts on the southern fringes of Assad's capital, as rebels try to choke the power of the 47-year-old leader after a 21-month-old uprising in which 40,000 people have been killed.

Government forces have used jets and artillery to try to dislodge the fighters but the violence has crept into the heart of the city and activists say rebels overran three army stations in a new offensive in the central province of Hama on Monday.

On the border with Lebanon, hundreds of Palestinian families fled across the frontier following the weekend violence in Yarmouk, a Reuters witness said.

Syria hosts half a million Palestinian refugees, most living in Yarmouk, descendants of those admitted after the creation of Israel in 1948, and has always cast itself as a champion of the Palestinian struggle, sponsoring several guerrilla factions.

Both Assad's government and the mainly Sunni Muslim Syrian rebels have enlisted and armed divided Palestinian factions as the uprising has developed into a civil war.

"NEITHER SIDE CAN WIN"

Syrian Vice President Farouq al-Sharaa said in a newspaper interview published on Monday that neither Assad's forces nor rebels seeking to overthrow him can win the war.

Sharaa, a Sunni Muslim in a power structure dominated by Assad's Alawite minority, has rarely been seen since the revolt erupted in March 2011 and is not part of the president's inner circle directing the fight against Sunni rebels. But he is the most prominent figure to say in public that Assad will not win.

Sharaa said the situation in Syria was deteriorating and a "historic settlement" was needed to end the conflict, involving regional powers and the U.N. Security Council and the formation of a national unity government "with broad powers".

"With every passing day the political and military solutions are becoming more distant. We should be in a position defending the existence of Syria. We are not in a battle for an individual or a regime," Sharaa was quoted as telling Al-Akhbar newspaper.

"The opposition cannot decisively settle the battle and what the security forces and army units are doing will not achieve a decisive settlement," he said, adding that insurgents fighting to topple Syria's leadership could plunge it into "anarchy and an unending spiral of violence".

Sources close to the Syrian government say Sharaa had pushed for dialogue with the opposition and objected to the military response to an uprising that began peacefully.

In a veiled criticism of the crackdown, he said there was a difference between the state's duty to provide security to its citizens, and "pursuing a security solution to the crisis".

He said even Assad could not be certain where events in Syria were leading, but that anyone who met him would hear that "this is a long struggle...and he does not hide his desire to settle matters militarily to reach a final solution."

In Hama province, rebels and the army clashed in a new campaign launched on Sunday by rebels to block off the country's north, activists said.

The Syrian Observatory for Human Rights, an opposition-linked violence monitor, said fighting raged through the provincial towns of Karnaz, Kafar Weeta, Halfayeh and Mahardeh.

It said there were no clashes reported in Hama city, which lies on the main north-south highway connecting the capital with Aleppo, Syria's second city.

Qassem Saadeddine, a member of the newly established rebel military command, said on Sunday fighters had been ordered to surround and attack army positions across the province. He said Assad's forces were given 48 hours to surrender or be killed.

In 1982 Hafez al-Assad, father of the current ruler, crushed an uprising in Hama city, killing up to 30,000 civilians.

Qatiba al-Naasan, a rebel from Hama, said the offensive would bring retaliatory air strikes from the government but that the situation is "already getting miserable".

(Additional reporting by Oliver Holmes, Erika Solomon and Dominic Evans in Beirut, Afif Diab at Masnaa, Lebanon; editing by Philippa Fletcher)

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S. Korea presidential rivals in final push for votes

SEOUL: The two rivals for South Korea's presidency made a final pitch to voters Tuesday -- the eve of an election that looks set to go down to the wire and could produce the country's first female leader.

The eventual winner of Wednesday's ballot will face numerous foreign and domestic challenges, including a pugnacious North Korea, a slowing economy and soaring welfare costs in one of the world's most rapidly-ageing societies.

Ruling conservative party candidate Park Geun-Hye is looking to make history as the first female president of a still male-dominated nation, and the first to be related to a former leader.

Park, 60, is the daughter of one of modern Korea's most polarising figures, the late dictator Park Chung-Hee who is both admired for dragging the country out of poverty and reviled for his ruthless suppression of dissent during 18 years of autocratic rule.

He was shot dead by his spy chief in 1979. Park's mother had been killed five years earlier by a pro-North Korea gunman aiming for her father.

Standing between Park and the presidential Blue House is the liberal Moon Jae-In from the main opposition party, a former human rights lawyer who was once jailed for protesting against the regime of Park's father.

The last permitted opinion polls showed that Moon had eroded the small but clear lead Park enjoyed for much of the campaign, leaving the result too close to call.

After locking in the support of their respective conservative and liberal bases, the two candidates have actively wooed crucial centrist voters, resulting in significant policy overlap.

Both have talked of "economic democratisation" -- a campaign buzzword about reducing the social disparities caused by rapid economic growth -- and promised to create new jobs and increase welfare spending.

Moon has been more aggressive in his proposals for reining in the power of the giant family-run conglomerates, or "chaebol" that dominate the economy and there are significant differences on North Korea.

While both have signalled a desire for greater engagement with Pyongyang, Park's approach is far more cautious than Moon's promise to resume aid without pre-conditions and seek an early summit with North Korean leader Kim Jong-Un.

Although South-North relations have not been a major campaign issue, the North's long-range rocket launch last week -- seen by critics as a disguised ballistic missile test -- was a reminder of the unpredictable threat from across the border.

In her final national pitch at a televised press conference Tuesday, the never-married Park promised a parental style of leadership that would steer the country through the challenges of the global economic crisis.

"I have no family to take care of and no children to pass wealth to. You, the people, are my family and your happiness is the reason that I stay in politics," Park said.

"Like a mother who dedicates her life to her family, I will become the president who takes care of the lives of each one of you.

"Please open a new era under the country's first female president with hope for change and reform," she said.

Moon was more combative at a similar event, slamming Park's ruling New Frontier Party as corrupt and incompetent.

"If you spare them punishment, past wrongs will be extended. We have to take up the cudgel and tomorrow is the very day to do so," Moon said, making a special appeal for a strong turnout.

Moon is popular with younger voters while Park's natural constituency is among older, more conservative Koreans, especially those who admired her father.

As older voters traditionally turn out in force, Moon's campaign has pushed hard to ensure his supporters do likewise.

"To abstain is to turn a blind eye to the past five years of wrongs," Moon said.

Both candidates had scheduled a last-day, multi-city campaign blitz on Tuesday.

Polling booths open early Wednesday at 6:00am (2100 GMT Tuesday) and close at 6:00pm.

- AFP/ck

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NRA's Facebook page shuttered, Twitter activity halted

The NRA posted this photo on Twitter the day before the Newtown school shooting. Now it's Facebook page has completely disappeared.

(Credit:
Screenshot by Dara Kerr/CNET)

In the wake of the Newtown tragedy, when an armed man stormed a Connecticut elementary school and killed 26 people, including 20 children, gun control has been under high scrutiny from both lawmakers and citizens.

The National Rifle Association -- the longtime champion of gun ownership rights -- has stayed conspicuously out of the debate, however. So much so, that it has even ceased all of its social media activity -- its Facebook page was recently shuttered and the group has not posted a single new tweet on its Twitter account.

The last tweet from the NRA was posted at 9:36 a.m. on December 14, which was the day of the massacre, and offered members a holiday giveaway promotion. The group typically posts at least two to three times a day.

One of its most recent tweets, from the day before the Newtown shooting, boasted that its Facebook page topped 1.7 million "likes."

However, the NRA's official Facebook page has now completely disappeared. When users attempt to visit www.facebook.com/nationalrifleassociation, they are immediately navigated to Facebook's homepage. A Facebook spokesperson told CNET that the social network has not taken any action on the NRA's page -- which leads one to surmise that the NRA took it down voluntarily. It's unclear, however, why the Facebook page was taken down. Some reporters, like from the Daily Dot and TechCrunch, believe it's because the page had become the focal point of rage from anti-gun advocates, as well as a place of unruly debate.

CNET contacted the NRA for comment. We'll update the story when we get more information.

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Two Topeka, Kan., police officers killed in shootout

Updated 1 a.m. EST Dec. 17

TOPEKA, Kan. Two Kansas police officers were shot outside a grocery store Sunday while responding to a report of a suspicious vehicle and died later at a hospital, authorities said.

Topeka Police Chief Ronald Miller called the shootings of Cpl. David Gogian and Officer Jeff Atherly "unspeakable." He said both Gogian, 50, and Atherly, 29, were shot in the head by a gunman who opened fire on them within minutes of their arrival to investigate the vehicle.

Police said they are searching for a 22-year-old man believed to have been the one who fired on the officers. He remained at large Sunday night.

A third officer was at the scene when the shooting happened, but was not injured.

A witness told CBS Topeka affiliate WIBW-TV he heard three gun clips emptied, then heard another series of shots.

The station says a neighbor told the Topeka Capital-Journal he heard several shots fired.

Miller said there was more than one person in the vehicle that police were investigating. Officers later found the vehicle outside a house about 10 blocks from the grocery store, but when they searched the home, they didn't find the suspect.

The chief declined to say why officers were investigating the vehicle and why it was considered suspicious.

A small crowd met for a candlelight vigil outside police headquarters after hearing about the shooting. As the group gathered, police officials announced to reporters nearby that the officers had died.

Gogian started with the Topeka Police Department in September 2004. Atherly had been with the department since April 2011.

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Obama: Nation Faces 'Hard Questions' After Shooting

President Barack Obama said at an interfaith prayer service in this mourning community this evening that the country is "left with some hard questions" if it is to curb a rising trend in gun violence, such as the shooting spree Friday at Newtown's Sandy Hook Elementary School.

After consoling victims' families in classrooms at Newtown High School, the president said he would do everything in his power to "engage" a dialogue with Americans, including law enforcement and mental health professionals, because "we can't tolerate this anymore. These tragedies must end. And to end them we must change."

Mandel Ngan/AFP/Getty Images

President Obama: 'Newtown You Are Not Alone' Watch Video

Sandy Hook Elementary Shooting: Remembering the Victims Watch Video

The president was not specific about what he thought would be necessary and did not even use the word "gun" in his remarks, but his speech was widely perceived as prelude to a call for more regulations and restrictions on the availability of firearms.

The grieving small town hosted the memorial service this evening as the the nation pieces together the circumstances that led to a gunman taking 26 lives Friday at the community's Sandy Hook Elementary School, most first graders.

"Someone once described the joy and anxiety of parenthood as the equivalent of having your heart outside your body all of the time, walking around," he said, speaking of the joys and fears of raising children.

"So it comes as a shock at a certain point when you realize no matter how much you love these kids you can't do it by yourself," he continued. "That this job of protecting kids and teaching them well is something we can only do together, with the help of friends and neighbors, with the help of a community, and the help of a nation."

CLICK HERE for Full Coverage of the Tragedy at Sandy Hook

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U.N. chief alarmed by escalating violence in Syria

UNITED NATIONS (Reuters) - U.N. Secretary-General Ban Ki-moon expressed alarm on Sunday at the worsening violence in Syria, including the reported mass killing of Alawites and alleged firing of long-range missiles on Syrian territory, Ban's spokesman said.

"The Secretary-General is alarmed by the continued dramatic escalation of violence in Syria over the past several days, and the grave danger facing civilians in areas under fire," Ban's spokesman, Martin Nesirky, said in a statement.

"There have been extremely worrisome reports earlier this week of a mass killing of civilians in the village of Aqrab near Hama, as well as alleged firing of long-range missiles in some areas of the country," he said.

In the Aqrab incident, up to 200 members of President Bashar al-Assad's Alawite minority were injured or killed in an attack on their village in central Syria on Tuesday, opposition activists said. The death toll was still not known.

There have also been reports of the Syrian government using Scud missiles. NATO's U.S. commander said on Friday the alliance was deploying the Patriot anti-missile system along Syria's northern frontier because Assad's forces had fired Scud missiles that landed near Turkish territory.

Nesirky said that "continued bombing raids by fixed-wing military aircrafts and attack helicopters on populated areas have been amply documented."

"Today's reports of aerial bombing amid intense violence resulting in many casualties among the Palestinian refugee population in the Yarmouk camp in Damascus are a matter of grave concern," he said.

Activists said fighter jets had bombed the Yarmouk camp, killing at least 25 people sheltering in a mosque.

Nesirky said Ban "calls on all sides to cease all forms of violence. The Secretary-General reminds all parties in Syria that they must abide by their obligations under international humanitarian law to protect civilians."

"Targeting civilians or carrying out military operations in populated areas, in an indiscriminate or disproportionate fashion that harms civilians is a war crime," he added.

Syrian Vice President Farouq al-Sharaa told a Lebanese newspaper that neither forces of President Bashar al-Assad nor rebels can win the war in Syria. That is a view a number of U.N. officials and diplomats have voiced privately to Reuters.

The U.N. Security Council has been incapable of taking any meaningful action in the conflict. Veto powers Russia and China refuse to condemn Assad or support sanctions. Assad's government accuses Saudi Arabia, Qatar, Turkey, the United States and other Western governments of supporting and arming the rebels, an allegation the governments deny.

Meanwhile, U.N.-Arab League envoy Lakhdar Brahimi has failed to bridge the gaps between the Russian and U.S. positions on Syria, which U.N. diplomats say is at the heart of the longstanding deadlock on the Security Council.

Nesirky said Ban "reiterates his call on the international community to make every effort to stop the tragic spiral of violence in Syria and urgently to promote an inclusive political process leading to a peaceful political transition."

(Reporting By Louis Charbonneau; Editing by Sandra Maler)

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Incoming Japan PM pledges no compromise on islands

TOKYO - Incoming Japanese prime minister Shinzo Abe came out fighting Monday after his sweeping election victory, saying there can be no compromise on the sovereignty of islands at the centre of a dispute with China.

Abe, whose conservative Liberal Democratic Party secured a comfortable win in national polls Sunday, acknowledged Japan's relationship with China was important but stuck to the hard line he pushed throughout the campaign.

"The Senkaku islands are Japan's inherent territory," he told a press conference, referring to an archipelago Beijing calls the Diaoyus.

"Japan owns and controls the islands... under international law. There is no room for negotiation on this point".

But he also struck a slightly more conciliatory note, saying he wanted to "deepen dialogue" with China.

"We need to have wisdom not to turn political issues into economic issues," he said.

Abe's large electoral margin boosted hopes for the country's problem-plagued economy, with investors pushing stocks up as the painfully high yen eased.

The one-time premier has vowed to put the moribund economy back on track after years of deflation, made worse by a soaring currency that has squeezed exporters.

Topping his agenda was a promise to pressure the Bank of Japan into more aggressive easing policies aimed at kick-starting growth as the world's third-largest economy slips into recession.

All eyes will be on the bank's policy meeting this week to see whether the central bankers move in line with Abe's wishes.

Investors are increasingly betting on some action from the central bank, with the yen tumbling against the dollar and euro on Monday while Tokyo's Nikkei 225 stock index surged 0.94 per cent by the close.

Voters on Sunday dumped Prime Minister Yoshihiko Noda three years after his Democratic Party of Japan (DPJ) promised a change from more than half a century of almost unbroken LDP rule. The result cost Noda his party leadership.

The rout was completed by news that the LDP and its junior coalition party New Komeito had secured a large enough majority in the lower house to overrule the upper chamber.

"Control of two-thirds of lower house seats would alleviate concerns about divided control of the Diet's two chambers," brokerage giant Nomura said in a note.

"It is also likely to fuel expectations, particularly among foreign investors, of more expeditious policymaking."

Fukushima operator TEPCO was a big winner on Monday, with its shares rocketing 33 per cent, at the head of a charge by energy firms as investors cheered the likely end to a nascent move to snuff out atomic power.

Anti-nuclear sentiment has run high in Japan since last year's Fukushima atomic crisis, with opinion polls showing a majority of voters want to phase out nuclear power.

But the mood failed to translate into success for parties pushing for an atomic exit.

Analysts, however, say the LDP's victory came by default -- with voters disenchanted by the DPJ after three years of flip-flops, policy missteps and diplomatic drift, but having little faith in any of the alternatives.

With turnout at a record low and voters complaining of no real choice, even Abe acknowledged the result was not a ringing endorsement.

"I think this result means a 'no' to the political confusion of the DPJ. People will be strictly watching if the LDP will be able to live up to expectations."

Abe's offer to boost spending on infrastructure was standard fare from the LDP playbook but chimed with voters in the northeast, where the devastation of the March 2011 tsunami is still evident.

His win stoked speculation that whoever is appointed to replace BoJ governor Masaaki Shirakawa next year will favour a more aggressive easing stance.

"Foreign investors are likely to remain bullish, betting that Mr. Abe will fulfil his promises to turn on the fiscal taps," Kenichi Kubo, senior fund manager at Tokio Marine Asset Management, told Dow Jones Newswires.

He is likely to "pressure the Bank of Japan into much more aggressive asset purchases to pull Japan out of recession and prolonged deflation".

However, Credit Agricole said in a note that "it is not obvious that coalition parties will be as welcoming" to Abe's aggressive policies.

- CNA/ck

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Suspected security hole found in many Samsung devices

Samsung's Galaxy Note 2.

(Credit:
Josh Miller/CNET)

A suspected security hole affecting a handful of Samsung smartphones could give apps access to user data and leave the handset vulnerable to malicious apps and bricking, according to a developer.

The vulnerability, which was discovered and detailed by an XDA member with the handle "alephzain," lies in Exynos 4, the ARM-based system-on-chip typically found in Samsung smartphones and
tablets. Alephzain developed an exploit he said bypasses the system permissions, allowing any app to extract data from the device's RAM or inject malicious code into the kernel.

Alephzain said that he stumbled upon the vulnerability while trying to find a new way to root his Galaxy S3, but that the exploit affects the Galaxy S2,
Galaxy Note, and Meizu MX as well. However, the
Nexus 10 is unaffected as it uses the Exynos 5 chip.

"The good news is we can easily obtain root on these devices and the bad is there is no control over it," alephzain writes.

CNET has contacted Samsung for comment for comment and will update this report when we learn more.

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