Two Winners in Record Powerball Jackpot

Winning tickets for the record Powerball jackpot worth more than $587 million were purchased in Arizona and Missouri.

Missouri Lottery official Susan Goedde confirmed to ABC News this morning that one of the winning tickets was purchased in the state, but they would not announce which town until later this morning.

Arizona lottery officials said they had no information on that state's winner or winners but would announce where it was sold during a news conference later in the day.

The winning numbers for the jackpot were 5, 23, 16, 22 and 29. The Powerball was 6.

The jackpot swelled to $587.5 million, according to Lottery official Sue Dooley. The two winners will split the jackpot each getting $293.75 million. The cash payout is $192.5 million each.

An additional 8,924,123 players won smaller prizes, according to Powerball's website.

"There were 58 winners of $1 million and there were eight winners of $2 million. So a total of $74 million," said Chuck Strutt, Director of the Multi-State Lottery Association.

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This is the 27th win for Missouri, ranking it second in the nation for lottery winners after Indiana, which has 38 wins. Arizona has had 10 Powerball jackpot wins in its history.

Players bought tickets at the rate of 131,000 every minute up until an hour before the deadline of 11 p.m. ET, according to lottery officials.

The jackpot had already rolled over 16 consecutive times without a winner. That fact, plus the doubling in price of a Powerball ticket, accounted for the unprecedented richness of the pot.

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"Back in January, we moved Powerball from being a $1 game to $2," said Mary Neubauer, a spokeswoman at the game's headquarters in Iowa. "We thought at the time that this would mean bigger and faster-growing jackpots."

That proved true. The total, she said, began taking "huge jumps -- another $100 million since Saturday." It then jumped another $50 million.

The biggest Powerball pot on record until now -- $365 million -- was won in 2006 by eight Lincoln, Neb., co-workers.
As the latest pot swelled, lottery officials said they began getting phone calls from all around the world.

"When it gets this big," said Neubauer, "we get inquiries from Canada and Europe from people wanting to know if they can buy a ticket. They ask if they can FedEx us the money."

The answer she has to give them, she said, is: "Sorry, no. You have to buy a ticket in a member state from a licensed retail location."

About 80 percent of players don't choose their own Powerball number, opting instead for a computer-generated one.
Asked if there's anything a player can do to improve his or her odds of winning, Neubauer said there isn't -- apart from buying a ticket, of course.

Lottery officials put the odds of winning this Powerball pot at one in 175 million, meaning you'd have been 25 times more likely to win an Academy Award.

Skip Garibaldi, a professor of mathematics at Emory University in Atlanta, provided additional perspective: You are three times more likely to die from a falling coconut, he said; seven times more likely to die from fireworks, "and way more likely to die from flesh-eating bacteria" (115 fatalities a year) than you are to win the Powerball lottery.

Segueing, then, from death to life, Garibaldi noted that even the best physicians, equipped with the most up-to-date equipment, can't predict the timing of a child's birth with much accuracy.

"But let's suppose," he said, "that your doctor managed to predict the day, the hour, the minute and the second your baby would be born."

The doctor's uncanny prediction would be "at least 100 times" more likely than your winning.

Even though he knows the odds all too well, Garibaldi said he usually plays the lottery.

When it gets this big, I'll buy a couple of tickets," he said. "It's kind of exciting. You get this feeling of anticipation. You get to think about the fantasy."

So, did he buy two tickets this time?

"I couldn't," he told ABC News. "I'm in California" -- one of eight states that doesn't offer Powerball.

In case you were wondering, this Saturday's Powerball jackpot is starting at $40 million.

ABC News Radio contributed to this report.

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Egypt protests continue in crisis over Mursi powers

CAIRO (Reuters) - Hundreds of demonstrators were in Cairo's Tahrir Square for a sixth day on Wednesday, demanding that President Mohamed Mursi rescind a decree they say gives him dictatorial powers, while two of Egypt's top courts stopped work in protest.

Five months into the Islamist leader's term, and in scenes reminiscent of the popular uprising that unseated predecessor Hosni Mubarak last year, police fired teargas at stone-throwers following protests by tens of thousands on Tuesday against the declaration that expanded Mursi's powers and put his decisions beyond legal challenge.

Protesters say they will stay in Tahrir until the decree is withdrawn, bringing fresh turmoil to a nation at the heart of the Arab Spring and delivering a new blow to an economy already on the ropes.

Egypt's Cassation and Appeals courts said they would suspend their work until the constitutional court rules on the decree, which has further damaged Mursi's already testy relationship with the country's judges.

In a speech on Friday, Mursi praised the judiciary as a whole but referred to corrupt elements he aimed to weed out.

A spokesman for the Supreme Constitutional Court, which declared the Islamist-led parliament void earlier this year, said on Wednesday that it felt under attack by the president.

"The really sad thing that has pained the members of this court is when the president of the republic joined, in a painful surprise, the campaign of continuous attack on the Constitutional Court," said the spokesman Maher Samy.

Senior judges have been negotiating with Mursi about how to restrict his new powers, while protesters want him to dissolve an Islamist-dominated assembly that is drawing up a new constitution and which Mursi protected from legal review.

Any deal to calm the street will likely need to address both issues. But opposition politicians said the list of demands could grow the longer the crisis goes on. Many protesters want the cabinet, which meets on Wednesday, to be sacked, too.

Mursi's administration insists that his actions were aimed at breaking a political logjam to push Egypt more swiftly towards democracy, an assertion his opponents dismiss.

"The president wants to create a new dictatorship," said 38-year-old Mohamed Sayyed Ahmed, who has not had a job for two years. He is one of many in the square who are as angry over economic hardship as they are about Mursi's actions.

"We want the scrapping of the constitutional declaration and the constituent assembly, so a new one is created representing all the people and not just one section," he said.

The West worries about turbulence in a nation that has a peace treaty with Israel and is now ruled by Islamists they long kept at arms length. The United States, a big donor to Egypt's military, has called for "peaceful democratic dialogue".

Two people have been killed in violence since the decree, while low-level clashes between protesters and police have gone on for days near Tahrir. Violence has flared in other cities.

WRANGLES

Trying to ease tensions with judges, Mursi said elements of his decree giving his decisions immunity applied only to matters of "sovereign" importance, a compromise suggested by the judges in talks.

That should limit it to issues such as declaring war, but experts said there was much room for interpretation. The judges themselves are divided, and the broader judiciary has yet to back the compromise. Some have gone on strike over the decree.

The fate of the assembly drawing up the constitution has been at the centre of a wrangle between Islamists and their opponents for months. Many liberals, Christians and more moderate Muslims have walked out, saying their voices were not being heard in the body dominated by Islamists.

That has undermined the work of the assembly, which is tasked with shaping Egypt's new democracy. Without a constitution in place, the president's powers are not permanently defined and a new parliament cannot be elected.

For now, Mursi holds both executive and legislative powers. His decree says his decisions cannot be challenged until a new parliament is in place. An election is expected in early 2013.

"If Mursi doesn't respond to the people, they will raise their demands to his removal," said Bassem Kamel, a liberal and former member of the now dissolved parliament that was dominated by Mursi's party, a wing of the Muslim Brotherhood.

He said Tuesday's protest showed that Egyptians "understood that the Brotherhood isn't for democracy but uses it as a tool to reach power and then to get rid of it".

Protecting his decisions and the constituent assembly from legal review was a swipe at the judiciary, still largely unreformed since Mubarak's era.

One presidential source said Mursi wanted to re-make the Supreme Constitutional Court after it declared the parliament void, which led to its dissolution by the then ruling military.

Both Islamists and their opponents broadly agree that the judiciary needs reform, but Mursi's rivals oppose his methods.

The courts have dealt a series of blows to Mursi and the Brotherhood. The first constituent assembly, also packed with Islamists, was dissolved. An attempt by Mursi in October to remove the unpopular general prosecutor was also blocked.

In his decree, Mursi gave himself the power to sack the prosecutor general and appoint a new one, which he duly did.

(Additional reporting by Tamim Elyan; Writing by Edmund Blair; Editing by Will Waterman)

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Football: Scolari set to return as Brazil coach: reports

RIO DE JANEIRO: Felipe Scolari will be named for a second spell as coach of the Brazilian national side on Thursday, press reports said on Wednesday.

"The Brazil Football Federation has already chosen its new coach: Luiz Felipe Scolari will replace Mano Menezes," the GloboEsporte website said.

An official announcement is expected on Thursday.

Scolari, who previously coached Brazil to World Cup glory in Japan in 2002, will be charged with bringing further success on home soil in 2014.

- AFP/fa

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China, India should get over unfortunate past: Chinese expert

NEW DELHI: China and India should get over the "infortunate incidents" of the past relating to their festering border issue and open a new page in relations as soon as possible, Li Junru, a top Chinese expert, said here Wednesday.

Li, addressing Indian media on China's once-in-a-decade leadership change, said talks on the border issue between the two countries had helped to bring in more understanding.

He said "unhappy and unfortunate incidents in the past" over the border have "hindered further development" in relations between the two countries. Five decades of the 1962 India-China war were marked in October-November this year.

But putting behind the past both countries "should open a new page as soon as possible", said Li. This, he added, "will benefit people of both countries".

Li said he was "happy to see that we are engaged in negotiations, and though a breakthrough yet remains, we have more understanding of each other."

He was referring to the joint mechanism set up on the border issue. India's National Security Adviser Shivshankar Menon is to meet China's special representative Dai Bingguo in Beijing later this month to take forward the boundary talks, their 16th such.

The top Chinese expert said both sides "should make compromises... meet each other half way for early settlement of the border issue."

"I believe when it (border issue) is solved, there will be nothing in the way of China-India relations."

He said China and India relations are very important and the Chinese see Indians as friends.

"We are two large developing countries.. exchanges between the two countries will benefit both sides and contribute to peace in the world."

The two-way trade between India and China can touch $100 billion by 2015, if both sides "work harder and find ways to boost trade", said Li.

The two-way trade has grown from $4.9 billion in 2000 to $73.9 billion last year.

Prime Minister Manmohan Singh had met outgoing Chinese Premier Wen Jiabao in Phnom Penh Nov 19, which was their 14th meeting in eight years. During their 45-minute bilateral talks, Wen had told Manmohan Singh he was "very happy they had been able to develop an equation".

The two countries are holding a "strategic economic dialogue" at the end of November in New Delhi. The Indian side would be led by Planning Commission Deputy Chairperson Montek Singh Ahluwalia, while China is to send a large economic delegation, comprising economic experts.

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CDC: HIV spread high in young gay males

NEW YORK (AP) — Health officials say 1 in 5 new HIV infections occur in a tiny segment of the population — young men who are gay or bisexual.

The government on Tuesday released new numbers that spotlight how the spread of the AIDS virus is heavily concentrated in young males who have sex with other males. Only about a quarter of new infections in the 13-to-24 age group are from injecting drugs or heterosexual sex.

The Centers for Disease Control and Prevention said blacks represented more than half of new infections in youths. The estimates are based on 2010 figures.

Overall, new U.S. HIV infections have held steady at around 50,000 annually. About 12,000 are in teens and young adults, and most youth with HIV haven't been tested.

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Online:

CDC report: http://www.cdc.gov/vitalsigns

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Susan Rice Made Allies, Enemies Before Benghazi

United Nations Ambassador Susan Rice, on Capitol Hill this week answering questions about her role after the U.S. consulate attack in Benghazi, has become yet another player in the divide between the left and right, with her possible nomination as the next Secretary of State hanging in the balance.

But who was Susan Rice before she told ABC's "This Week" and other Sunday morning shows the attack was a spontaneous response to an anti-Islam film and not a premeditated act of terror? Four Americans died in the September attack.

Unlike many in government, Rice holds a rare claim to Washington, D.C.: she's a local. She hails from a prominent family with deep ties to the Democratic Party. She was born Nov. 17, 1964 to Emmett Rice, a deputy director at the Treasury Department who served as a member of Jimmy Carter's Federal Reserve board, and Lois Dickson Rice, a former program officer at the Ford Foundation who is now a higher education expert at the Brookings Institution.

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As a high school student at the all-girl National Cathedral School in Washington, Rice was known as an overachiever; valedictorian, star athlete and class president. After graduating high school in 1982, she went on to study history at Stanford, where she graduated as a Truman scholar and junior Phi Beta Kappa. Rice also attended Oxford as a Rhodes Scholar.

The family has roots in Maine. In an interview with the Portland Press Herald in 2008, Lois Dickson Rice said that she held the same high expectations for her children as her mother had held for her. According to the paper, Ambassador Rice's drive to achieve spanned generations. Her maternal grandmother, an immigrant from Jamaica, was named Maine State Mother of the Year in 1950. Rice's father was only the second African-American man to be chosen for the Federal Reserve board.

Two years out of Stanford, Rice joined Massachusetts Democrat Michael Dukakis as a foreign policy aide during his 1988 run for president. After his defeat, Rice tried her hand in the private sector, where she went on to work as a management consultant with McKinsey and Company. After President Clinton's election in 1992, she joined Clinton's National Security Council, eventually joining her mentor, former Secretary of State Madeleine Albright. She served as Assistant Secretary of State for African Affairs.

A profile of the diplomat from Stanford paints the Rices and Albrights as old family friends.

"The Rice and Albright kids went to school together and shared meals at Hamburger Hamlet," Stanford Magazine reported in 2000.

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Greece, markets satisfied by EU-IMF Greek debt deal

BRUSSELS (Reuters) - The Greek government and financial markets were cheered on Tuesday by an agreement between euro zone finance ministers and the International Monetary Fund to reduce Greece's debt, paving the way for the release of urgently needed aid loans.

The deal, clinched at the third attempt after weeks of wrangling, removes the biggest risk of a sovereign default in the euro zone for now, ensuring the near-bankrupt country will stay afloat at least until after a 2013 German general election.

"Tomorrow, a new day starts for all Greeks," Prime Minister Antonis Samaras told reporters at 3 a.m. in Athens after staying up to follow the tense Brussels negotiations.

After 12 hours of talks, international lenders agreed on a package of measures to reduce Greek debt by more than 40 billion euros, projected to cut it to 124 percent of gross domestic product by 2020.

In an additional new promise, ministers committed to taking further steps to lower Greece's debt to "significantly below 110 percent" in 2022.

That was a veiled acknowledgement that some write-off of loans may be necessary in 2016, the point when Greece is forecast to reach a primary budget surplus, although Germany and its northern allies continue to reject such a step publicly.

Analyst Alex White of JP Morgan called it "another moment of ‘creative ambiguity' to match the June (EU) Summit deal on legacy bank assets; i.e. a statement from which all sides can take a degree of comfort".

The euro strengthened, European shares climbed to near a three-week high and safe haven German bonds fell on Tuesday, after the agreement to reduce Greek debt and release loans to keep the economy afloat.

"The political will to reward the Greek austerity and reform measures has already been there for a while. Now, this political will has finally been supplemented by financial support," economist Carsten Brzeski of ING said.

PARLIAMENTARY APPROVAL

To reduce the debt pile, ministers agreed to cut the interest rate on official loans, extend the maturity of Greece's loans from the EFSF bailout fund by 15 years to 30 years, and grant a 10-year interest repayment deferral on those loans.

German Finance Minister Wolfgang Schaeuble said Athens had to come close to achieving a primary surplus, where state income covers its expenditure, excluding the huge debt repayments.

"When Greece has achieved, or is about to achieve, a primary surplus and fulfilled all of its conditions, we will, if need be, consider further measures for the reduction of the total debt," Schaeuble said.

Eurogroup Chairman Jean-Claude Juncker said ministers would formally approve the release of a major aid installment needed to recapitalize Greece's teetering banks and enable the government to pay wages, pensions and suppliers on December 13 - after those national parliaments that need to approve the package do so.

The German and Dutch lower houses of parliament and the Grand Committee of the Finnish parliament have to endorse the deal. Losing no time, Schaeuble said he had asked German lawmakers to vote on the package this week.

Greece will receive 43.7 billion euros in four installments once it fulfils all conditions. The 34.4 billion euro December payment will comprise 23.8 billion for banks and 10.6 billion in budget assistance.

The IMF's share, less than a third of the total, will be paid out only once a buy-back of Greek debt has occurred in the coming weeks, but IMF Managing Director Christine Lagarde said the Fund had no intention of pulling out of the program.

Austrian Chancellor Werner Faymann welcomed the deal but said Greece still had a long way to go to get its finances and economy into shape. Vice Chancellor Michael Spindelegger told reporters the important thing had been keeping the IMF on board.

"It had threatened to go in a direction that the IMF would exit Greek financing. This was averted and this is decisive for us Europeans," he said.

The debt buy-back was the part of the package on which the least detail was disclosed, to try to avoid giving hedge funds an opportunity to push up prices. Officials have previously talked of a 10 billion euro program to buy debt back from private investors at about 35 cents in the euro.

The ministers promised to hand back 11 billion euros in profits accruing to their national central banks from European Central Bank purchases of discounted Greek government bonds in the secondary market.

BETTER FUTURE

The deal substantially reduces the risk of a Greek exit from the single currency area, unless political turmoil were to bring down Samaras's pro-bailout coalition and pass power to radical leftists or rightists.

The biggest opposition party, the hard left SYRIZA, which now leads Samaras's center-right New Democracy in opinion polls, dismissed the deal and said it fell short of what was needed to make Greece's debt affordable.

Greece, where the euro zone's debt crisis erupted in late 2009, is proportionately the currency area's most heavily indebted country, despite a big cut this year in the value of privately-held debt. Its economy has shrunk by nearly 25 percent in five years.

Negotiations had been stalled over how Greece's debt, forecast to peak at 190-200 percent of GDP in the coming two years, could be cut to a more bearable 120 percent by 2020.

The agreed figure fell slightly short of that goal, and the IMF insisted that euro zone ministers should make a firm commitment to further steps to reduce the debt if Athens faithfully implements its budget and reform program.

The main question remains whether Greek debt can become affordable without euro zone governments having to write off some of the loans they have made to Athens.

Germany and its northern European allies have hitherto rejected any idea of forgiving official loans to Athens, but European Union officials believe that line may soften after next September's German general election.

Schaeuble told reporters that it was legally impossible for Germany and other countries to forgive debt while simultaneously giving new loan guarantees. That did not explicitly preclude debt relief at a later stage, once Greece completes its adjustment program and no longer needs new loans.

But senior conservative German lawmaker Gerda Hasselfeldt said there was no legal possibility for a debt "haircut" for Greece in the future either.

At Germany's insistence, earmarked revenue and aid payments will go into a strengthened "segregated account" to ensure that Greece services its debts.

A source familiar with IMF thinking said a loan write-off once Greece has fulfilled its program would be the simplest way to make its debt viable, but other methods such as forgoing interest payments, or lending at below market rates and extending maturities could all help.

German central bank governor Jens Weidmann has suggested that Greece could "earn" a reduction in debt it owes to euro zone governments in a few years if it diligently implements all the agreed reforms. The European Commission backs that view.

The ministers agreed to reduce interest on already extended bilateral loans in stages from the current 150 basis points above financing costs to 50 bps.

(Additional reporting by Annika Breidhardt, Robin Emmott and John O'Donnell in Brussels, Andreas Rinke and Noah Barkin in Berlin, Michael Shields in Vienna; Writing by Paul Taylor; editing by David Stamp)

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Global private equity firms eyeing Southeast Asia

SINGAPORE : More global private equity firms have been setting up offices in Southeast Asia, and the funds raised in the region are expected to grow at an annual rate of 30 per cent over the next three years.

Private equity investors are also likely to cast the spotlight on Singapore, Indonesia and China.

Things are heating up in Singapore's private equity space.

Singapore-based venture capital and private equity firms managed a total of S$26.5 billion last year, according to a survey by the Singapore Venture Capital & Private Equity Association (SVCA) and PricewaterhouseCoopers (PwC). Out of this, S$2.3 billion was invested in Singapore.

US private equity firm Kohlberg Kravis Roberts (KKR) opened its Singapore office in October, with plans to inject more than US$1 billion in Southeast Asia over the next five years.

Indonesian private equity firm Northstar Group has also made its first foray into the Singapore market.

It recently acquired a 50 per cent stake in Nera Telecommunications, through its newly-incorporated unitE, Asia Systems.

Northstar has invested close to US$2 billion with co-investors in the Southeast Asian region.

Experts have said Singapore's location makes it a natural platform for global investors to set up base.

Eugene Wong, chairman of the Singapore Venture Capital and Private Equity Association, said: "Singapore is becoming like the Asia equivalent of NYC and Silicon Valley, so we can play the role of a New York for private equity, the big M&A private equity players, and the Silicon Valley tech region for high-tech high-growth companies. So for players in Singapore, one advantage is that we can also invest in China, Korea, and New Zealand. "

While private equity transactions in Southeast Asia have totalled US$3.6 billion so far this year, investing in this region is not without its challenges.

Jack Wang, a partner at Lexico, said: "US private equity firms are familiar with corporate governance. And in Asia, personal relationships are the predominant factors when it comes to deal sourcing and deal execution, so a change in mindset, lots of focus on the personal element...this is particularly true in Indonesia, most of the existing companies are owned by family business, and in China as well, politics is a big factor. "

According to research by the Singapore Venture Capitalist Association, approximately US$6.4 billion worth of funds will be raised in Southeast Asia by the end of 2012. And with the rising affluence in this region, market watchers have said they expect more private equity firms from the US to invest in the telecoms, commodities and consumer sectors in Southeast Asia.

- CNA/ms

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Tremors shake towns in Himachal Pradesh

SHIMLA: Tremors of a light intensity were felt in Himachal Pradesh Tuesday evening. No loss of life or damage to property has been reported.

An earthquake measuring 4.8 on the Richter scale was felt for some seconds around 5.45 pm in the state, including in Shimla and Solan districts, an official at the state meteorological office here said.

He said the epicentre was in Uttarkashi in Uttarakhand.

Last month, Himachal twice felt earthquakes of light intensity. The epicentre of both quakes was on the border of Chamba and Lahaul and Spiti districts.

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Bounce houses a party hit but kids' injuries soar

CHICAGO (AP) — They may be a big hit at kids' birthday parties, but inflatable bounce houses can be dangerous, with the number of injuries soaring in recent years, a nationwide study found.

Kids often crowd into bounce houses, and jumping up and down can send other children flying into the air, too.

The numbers suggest 30 U.S. children a day are treated in emergency rooms for broken bones, sprains, cuts and concussions from bounce house accidents. Most involve children falling inside or out of the inflated playthings, and many children get hurt when they collide with other bouncing kids.

The number of children aged 17 and younger who got emergency-room treatment for bounce house injuries has climbed along with the popularity of bounce houses — from fewer than 1,000 in 1995 to nearly 11,000 in 2010. That's a 15-fold increase, and a doubling just since 2008.

"I was surprised by the number, especially by the rapid increase in the number of injuries," said lead author Dr. Gary Smith, director of the Center for Injury Research and Policy at Nationwide Children's Hospital in Columbus, Ohio.

Amusement parks and fairs have bounce houses, and the playthings can also be rented or purchased for home use.

Smith and colleagues analyzed national surveillance data on ER treatment for nonfatal injuries linked with bounce houses, maintained by the U.S. Consumer Product Safety Commission. Their study was published online Monday in the journal Pediatrics.

Only about 3 percent of children were hospitalized, mostly for broken bones.

More than one-third of the injuries were in children aged 5 and younger. The safety commission recommends against letting children younger than 6 use full-size trampolines, and Smith said barring kids that young from even smaller, home-use bounce houses would make sense.

"There is no evidence that the size or location of an inflatable bouncer affects the injury risk," he said.

Other recommendations, often listed in manufacturers' instruction pamphlets, include not overloading bounce houses with too many kids and not allowing young children to bounce with much older, heavier kids or adults, said Laura Woodburn, a spokeswoman for the National Association of Amusement Ride Safety Officials.

The study didn't include deaths, but some accidents are fatal. Separate data from the product safety commission show four bounce house deaths from 2003 to 2007, all involving children striking their heads on a hard surface.

Several nonfatal accidents occurred last year when bounce houses collapsed or were lifted by high winds.

A group that issues voluntary industry standards says bounce houses should be supervised by trained operators and recommends that bouncers be prohibited from doing flips and purposefully colliding with others, the study authors noted.

Bounce house injuries are similar to those linked with trampolines, and the American Academy of Pediatrics has recommended against using trampolines at home. Policymakers should consider whether bounce houses warrant similar precautions, the authors said.

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Online:

Pediatrics: http://www.pediatrics.org

Trade group: http://www.naarso.com

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AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com/LindseyTanner

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