Smokers celebrate as Wash. legalizes marijuana

SEATTLE (AP) — The crowds of happy people lighting joints under Seattle's Space Needle early Thursday morning with nary a police officer in sight bespoke the new reality: Marijuana is legal under Washington state law.

Hundreds gathered at Seattle Center for a New Year's Eve-style countdown to 12 a.m., when the legalization measure passed by voters last month took effect. When the clock struck, they cheered and sparked up in unison.

A few dozen people gathered on a sidewalk outside the north Seattle headquarters of the annual Hempfest celebration and did the same, offering joints to reporters and blowing smoke into television news cameras.

"I feel like a kid in a candy store!" shouted Hempfest volunteer Darby Hageman. "It's all becoming real now!"

Washington and Colorado became the first states to vote to decriminalize and regulate the possession of an ounce or less of marijuana by adults over 21. Both measures call for setting up state licensing schemes for pot growers, processors and retail stores. Colorado's law is set to take effect by Jan. 5.

Technically, Washington's new marijuana law still forbids smoking pot in public, which remains punishable by a fine, like drinking in public. But pot fans wanted a party, and Seattle police weren't about to write them any tickets.

In another sweeping change for Washington, Gov. Chris Gregoire on Wednesday signed into law a measure that legalizes same-sex marriage. The state joins several others that allow gay and lesbian couples to wed.

The mood was festive in Seattle as dozens of gay and lesbian couples got in line to pick up marriage licenses at the King County auditor's office early Thursday.

King County and Thurston County announced they would open their auditors' offices shortly after midnight Wednesday to accommodate those who wanted to be among the first to get their licenses.

Kelly Middleton and her partner Amanda Dollente got in line at 4 p.m. Wednesday.

Hours later, as the line grew, volunteers distributed roses and a group of men and women serenaded the waiting line to the tune of "Chapel of Love."

Because the state has a three-day waiting period, the earliest that weddings can take place is Sunday.

In dealing with marijuana, the Seattle Police Department told its 1,300 officers on Wednesday, just before legalization took hold, that until further notice they shall not issue citations for public marijuana use.

Officers will be advising people not to smoke in public, police spokesman Jonah Spangenthal-Lee wrote on the SPD Blotter. "The police department believes that, under state law, you may responsibly get baked, order some pizzas and enjoy a 'Lord of the Rings' marathon in the privacy of your own home, if you want to."

He offered a catchy new directive referring to the film "The Big Lebowski," popular with many marijuana fans: "The Dude abides, and says 'take it inside!'"

"This is a big day because all our lives we've been living under the iron curtain of prohibition," said Hempfest director Vivian McPeak. "The whole world sees that prohibition just took a body blow."

Washington's new law decriminalizes possession of up to an ounce for those over 21, but for now selling marijuana remains illegal. I-502 gives the state a year to come up with a system of state-licensed growers, processors and retail stores, with the marijuana taxed 25 percent at each stage. Analysts have estimated that a legal pot market could bring Washington hundreds of millions of dollars a year in new tax revenue for schools, health care and basic government functions.

But marijuana remains illegal under federal law. That means federal agents can still arrest people for it, and it's banned from federal properties, including military bases and national parks.

The Justice Department has not said whether it will sue to try to block the regulatory schemes in Washington and Colorado from taking effect.

"The department's responsibility to enforce the Controlled Substances Act remains unchanged," said a statement issued Wednesday by the Seattle U.S. attorney's office. "Neither states nor the executive branch can nullify a statute passed by Congress."

The legal question is whether the establishment of a regulated marijuana market would "frustrate the purpose" of the federal pot prohibition, and many constitutional law scholars say it very likely would.

That leaves the political question of whether the administration wants to try to block the regulatory system, even though it would remain legal to possess up to an ounce of marijuana.

Alison Holcomb is the drug policy director of the American Civil Liberties Union of Washington and served as the campaign manager for New Approach Washington, which led the legalization drive. She said the voters clearly showed they're done with marijuana prohibition.

"New Approach Washington sponsors and the ACLU look forward to working with state and federal officials and to ensure the law is fully and fairly implemented," she said.

___

Johnson can be reached at https://twitter.com/GeneAPseattle

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Dallas Cowboys Player Arrested in Teammate's Death

Dallas Cowboys nose tackle Joshua Price-Brent was arrested on an intoxication manslaughter charge today after a single vehicle roll-over killed his passenger, Jerry Brown Jr., who had been a linebacker on the team's practice squad and his former teammate at the University of Illinois.

Price-Brent, 24, was allegedly speeding "well above" the posted 45 mph speed limit at about 2:21 a.m. when he hit a curb, causing his vehicle to flip at least one time before landing in the middle of a service road, Irving Police Department spokesman John Argumaniz said.

Authorities were alerted to the accident by several 911 callers, Argumaniz said. When police arrived, they found Price-Brent pulling Brown from his 2007 Mercedes, which had caught fire.

Brown, 25, was unresponsive and was transported to a local hospital, where he was pronounced dead, Argumaniz said.

It was not known where the men were coming from or where they were going, but Argumaniz said officers suspected alcohol may have been a factor in the crash and asked Price-Brent to perform field sobriety tests.

Kansas City Chiefs Player Jovan Belcher's Murder-Suicide Watch Video

"Based on the results of the tests, along with the officer's observations and conversations with Price-Brent, he was arrested for driving while intoxicated," Argumaniz said.

This is the second week in a row an NFL player has been accused of being involved in another person's death. Jovan Belcher of the Kansas City Chiefs killed his girlfriend early Dec. 1, then committed suicide while talking to team officials in the parking lot at Arrowhead Stadium.

Jovan Belcher: Police Release Dash-Cam Videos of NFL Star's Final Hours

Price-Brent was taken to a hospital for a mandatory blood draw where he was treated for minor scrapes, Argumaniz said. He was then booked on an intoxication manslaughter charge after it was learned Brown had died of injuries suffered in the crash.

It is expected that results from the blood draw could take several weeks, the police spokesman said.

Price-Brent is scheduled to be arraigned Sunday at 10 a.m., when bond will be set, police said.

The second-degree felony intoxication manslaughter charge carries a sentence of two to 20 years in prison and a $10,000 fine. It was not yet known whether Price-Brent had retained an attorney.

The 6-foot-2, 320-pound nose tackle left the University of Illinois as a junior for a career in the NFL. He was picked up by the Cowboys during the 2010 NFL supplemental draft and has played three seasons with the team.

The Cowboys are set to take on the Cincinnati Bengals in Ohio on Sunday.

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Egyptian opposition to shun Mursi's national dialogue

CAIRO (Reuters) - Prime Minister Mohamed Mursi was expected to press ahead on Saturday with talks on ways to end Egypt's worst crisis since he took office even though the country's main opposition leaders have vowed to stay away.

Cairo and other cities have been rocked by violent protests since November 22, when Mursi promulgated a decree awarding himself sweeping powers that put him above the law.

The upheaval in the most populous Arab nation, following the fall of Hosni Mubarak last year, worries the West, in particular the United States, which has given it billions of dollars in military and other aid since Egypt made peace with Israel in 1979.

Mursi's deputy raised the possibility that a referendum set for December 15 on a new constitution opposed by liberals might be delayed. But the concession only goes part-way towards meeting the demands of the opposition, who also want Mursi to scrap the decree awarding himself wide powers.

On Friday, large crowds of protesters surged around the presidential palace, breaking through barbed wire barricades and climbing on tanks guarding the seat of Egypt's first freely elected president, who took office in June.

As the night wore on, tens of thousands of opposition supporters were still at the palace, waving flags and urging Mursi to "Leave, leave".

"AS LONG AS IT TAKES"

"We will stay here for as long as it takes and will continue to organize protests elsewhere until President Mursi cancels his constitutional decree and postpones the referendum," said Ahmed Essam, 28, a computer engineer and a member of the liberal Dostour party.

Vice President Mahmoud Mekky issued a statement saying the president was prepared to postpone the referendum if that could be done without legal challenge.

Mursi's planned dialogue meeting was expected to go ahead on Saturday in the absence of most opposition factions. "Everything will be on the table," a presidential source said.

Mursi could be joined by some senior judiciary figures and politicians such as Ayman Nour, one of the candidates in Mubarak's only multi-candidate presidential race, in 2005, in which he was unsurprisingly trounced.

The opposition has demanded that Mursi rescind the decree giving himself wide powers and delay the vote set for December 15 on a constitution drafted by an Islamist-led assembly which they say fails to meet the aspirations of all Egyptians.

EXPAT VOTE DELAYED

The state news agency reported that the election committee had postponed the start of voting for Egyptians abroad until Wednesday, instead of Saturday as planned. It did not say whether this would affect the timing of voting within Egypt.

Ahmed Said, leader of the liberal Free Egyptians Party, told Reuters that delaying expatriate voting was intended to seem like a concession but would not change the opposition's stance.

The opposition organized marches converging on the palace which Republican Guard units had ringed with tanks and barbed wire on Thursday after violence between supporters and opponents of Mursi killed seven people and wounded 350.

Islamists, who had obeyed a military order for demonstrators to leave the palace environs, held funerals on Friday at Cairo's al-Azhar mosque for six Mursi partisans who were among the dead.

"With our blood and souls, we sacrifice to Islam," they chanted.

A group led by leftist opposition leader Hamdeen Sabahy has called for an open-ended protest at the palace.

Some pro-Mursi demonstrators gathered in a mosque not far from the palace, but said they would not march towards the palace to avoid a repeat of the violence that took place on Wednesday night.

In a speech late on Thursday, Mursi had refused to retract his decree or cancel the referendum on the constitution, but offered talks on the way forward after the referendum.

The National Salvation Front, the main opposition coalition, said it would not join the dialogue. The Front's coordinator, Mohamed ElBaradei, a Nobel peace laureate, dismissed the offer as "arm-twisting and imposition of a fait accompli".

ElBaradei said that if Mursi were to scrap the decree with which he awarded himself extra powers and postpone the referendum "he will unite the national forces".

Murad Ali, spokesman for the Muslim Brotherhood's Freedom and Justice Party, said opposition reactions were sad: "What exit to this crisis do they have other than dialogue?" he asked.

(Additional reporting by Omar Fahmy; Writing by Giles Elgood; Editing by Michael Roddy)

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US expects oil boom from oil shale extraction

WASHINGTON: The United States is set to become the largest producer of crude oil by 2030, according to a recent forecast by the United Nations (UN).

The International Energy Agency (IEA) predicts the US will overtake Saudi Arabia and Russia in production amid a boom in unconventional drilling.

In Colorado, and other western US states, oil shale is one of the resources that could help make the US a net energy exporter in the foreseeable future.

According to the oil industry, the rock found in Colorado's Piceance Basin could hold the key to America's energy future.

Glenn Vawker, who heads the National Oil Shale Association, said: "There are estimates by our federal government that we could be producing up to one million barrels a day in twenty to thirty years."

Colorado's oil shale is often described as one of the richest hydrocarbon deposits in the world. The problem is that it takes a lot of money and resources to get the oil out of the rock.

Oil companies have set up multi-million-dollar pilot programs here, trying to figure out how to turn a profit.

To extract the oil, the companies have to cool the rock - a process the latest technologies do deep underground.

Roger Day, who is vice president of operations at American Shale Oil Corporation, said: "We're working on what you call in-situ technology, which would heat the oil in the ground and produce the oil without bringing the rock to the surface. And our project - it will take about another five years to perfect this technology."

China, Brazil and Estonia are also researching technologies to develop oil shale potential.

China is currently the largest producer in the world, with huge resources primarily in Fushun and Maoming but scientists said the US is in a position to take over that top spot.

Jeremy Boak, director at the Centre for Oil Shale Technology and Research, said: "We have the largest single resource in the world here. China has a very large resource and it is moving aggressively. It is currently, as far as I can tell, the largest single producer of oil from oil shale. But the total amount in still very tiny - about 30,000 barrels a day or so. Nevertheless, it's being produced and they are ramping up."

Industry insiders predict a shale boom in Colorado that would be immensely profitable for the state and help the US become energy independent. But some people are worried about the possible environmental impact of such a boom in the industry."

Environmental advocates said the oil shale industry uses water that's in short supply in the drought stricken western US.

David Abelson, who is an oil shale policy advisor at Western Resource Advocates, said: "Large-scale oil shale is predicted to consume vast quantities of water. The high-end estimates would be roughly 45 per cent more than Denver water supplies to its 1.3 million customers every year."

This part of Colorado was producing large volumes of oil from shale during the 1970s fuel crisis, but industry was largely shutdown during the early 1980s.

But that earlier exploration involved what is now outdated technology. Figuring out how to tap into the rock in the most efficient AND environmentally-responsible way is the challenge currently facing America's oil shale industry..

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Maldives must rein in quarters harming bilateral ties, India says

NEW DELHI: Amid a diplomatic row over cancellation of the GMR contract, India on Friday asked Maldives to control any quarters which may be trying to harm bilateral relations saying the issue should not put a "question mark" on the ties between the two sides.

"If they have to take a decision in interest of their society and country and if that decision is taken properly as per laws there, what objections can anyone have there. We would want that whatever is the decision, it should not put any question marks on our friendly relations," external affairs minister Salman Khurshid said. The minister was asked to comment on the developments in the GMR issue outside Parliament house complex.

"If any quarters there (in Maldives) want that our relations should be harmed, then they should be controlled. I think Maldives and its people know this thing properly and I am sure that they will do the same thing," Khurshid said. Asked if the Indian Government would "intervene" in the issue, the minister said, "For commercial enterprises no one intervenes, but we have been assured about the security and safety of our citizens and interests there.

To that extent, it is our right and we have also told them about this right." "On the commercial discussions, we don't have the right and there is no justification for it. Try to understand the issue in right context and I think there is nothing to worry about," he said.

In a surprise move on November 27, Maldives terminated the over $500 million contract awarded to GMR during the previous regime of Mohamed Nasheed to upgrade its Male airport and to build a new terminal. pti

Govt allows Maldives airline to fly via India

This is as ironic as it gets. While Maldives has terminated its contract with Bangalore-based infra major GMR to run the Male airport, its national airline's international plans bank solely on India. Maldivian Airline, the national carrier of Maldives, had recently announced flights to Mumbai and Chennai from mid-November. Not only that, India had allowed it to fly to Bangladesh by extending the India sector of the flight. "It will be the first long haul flight of the airline and will operate (Airbus) A-320 aircraft as Q2-550 (Male-Chennai-Dhaka)," Bandhu Ibrahim Saleem, chairman of island aviation services that owns Maldivian, had recently told TOI. "Saarc members allow their airlines to fly from one country to another (while referring to the Male-Chennai-Dhaka flight)," he said.

Now it remains to be seen if India retaliates by relooking at this permission. The aviation ministry says it will act as per the stand taken by the ministry of external affairs. "The cancellation of the $511-million Male airport contract with Male has come as a setback in our ties. If asked by MEA, we will take the required steps about Maldivian's clearance," said a senior official. The airport company of Maldives is set to take over the Male airport from GMR on Friday midnight.

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Smokers celebrate as Wash. legalizes marijuana

SEATTLE (AP) — The crowds of happy people lighting joints under Seattle's Space Needle early Thursday morning with nary a police officer in sight bespoke the new reality: Marijuana is legal under Washington state law.

Hundreds gathered at Seattle Center for a New Year's Eve-style countdown to 12 a.m., when the legalization measure passed by voters last month took effect. When the clock struck, they cheered and sparked up in unison.

A few dozen people gathered on a sidewalk outside the north Seattle headquarters of the annual Hempfest celebration and did the same, offering joints to reporters and blowing smoke into television news cameras.

"I feel like a kid in a candy store!" shouted Hempfest volunteer Darby Hageman. "It's all becoming real now!"

Washington and Colorado became the first states to vote to decriminalize and regulate the possession of an ounce or less of marijuana by adults over 21. Both measures call for setting up state licensing schemes for pot growers, processors and retail stores. Colorado's law is set to take effect by Jan. 5.

Technically, Washington's new marijuana law still forbids smoking pot in public, which remains punishable by a fine, like drinking in public. But pot fans wanted a party, and Seattle police weren't about to write them any tickets.

In another sweeping change for Washington, Gov. Chris Gregoire on Wednesday signed into law a measure that legalizes same-sex marriage. The state joins several others that allow gay and lesbian couples to wed.

The mood was festive in Seattle as dozens of gay and lesbian couples got in line to pick up marriage licenses at the King County auditor's office early Thursday.

King County and Thurston County announced they would open their auditors' offices shortly after midnight Wednesday to accommodate those who wanted to be among the first to get their licenses.

Kelly Middleton and her partner Amanda Dollente got in line at 4 p.m. Wednesday.

Hours later, as the line grew, volunteers distributed roses and a group of men and women serenaded the waiting line to the tune of "Chapel of Love."

Because the state has a three-day waiting period, the earliest that weddings can take place is Sunday.

In dealing with marijuana, the Seattle Police Department told its 1,300 officers on Wednesday, just before legalization took hold, that until further notice they shall not issue citations for public marijuana use.

Officers will be advising people not to smoke in public, police spokesman Jonah Spangenthal-Lee wrote on the SPD Blotter. "The police department believes that, under state law, you may responsibly get baked, order some pizzas and enjoy a 'Lord of the Rings' marathon in the privacy of your own home, if you want to."

He offered a catchy new directive referring to the film "The Big Lebowski," popular with many marijuana fans: "The Dude abides, and says 'take it inside!'"

"This is a big day because all our lives we've been living under the iron curtain of prohibition," said Hempfest director Vivian McPeak. "The whole world sees that prohibition just took a body blow."

Washington's new law decriminalizes possession of up to an ounce for those over 21, but for now selling marijuana remains illegal. I-502 gives the state a year to come up with a system of state-licensed growers, processors and retail stores, with the marijuana taxed 25 percent at each stage. Analysts have estimated that a legal pot market could bring Washington hundreds of millions of dollars a year in new tax revenue for schools, health care and basic government functions.

But marijuana remains illegal under federal law. That means federal agents can still arrest people for it, and it's banned from federal properties, including military bases and national parks.

The Justice Department has not said whether it will sue to try to block the regulatory schemes in Washington and Colorado from taking effect.

"The department's responsibility to enforce the Controlled Substances Act remains unchanged," said a statement issued Wednesday by the Seattle U.S. attorney's office. "Neither states nor the executive branch can nullify a statute passed by Congress."

The legal question is whether the establishment of a regulated marijuana market would "frustrate the purpose" of the federal pot prohibition, and many constitutional law scholars say it very likely would.

That leaves the political question of whether the administration wants to try to block the regulatory system, even though it would remain legal to possess up to an ounce of marijuana.

Alison Holcomb is the drug policy director of the American Civil Liberties Union of Washington and served as the campaign manager for New Approach Washington, which led the legalization drive. She said the voters clearly showed they're done with marijuana prohibition.

"New Approach Washington sponsors and the ACLU look forward to working with state and federal officials and to ensure the law is fully and fairly implemented," she said.

___

Johnson can be reached at https://twitter.com/GeneAPseattle

Read More..

Supreme Court to Take Up Gay Marriage Cases

The Supreme Court today decided to take up two major cases regarding gay marriage, one of which could ultimately lead the court to decide whether there is a fundamental right to same-sex marriage.

The justices announced that the court would hear a challenge to Proposition 8, the controversial California ballot initiative that passed in 2008 that restricted marriage to opposite-sex couples, as well as a challenge to a federal law that defines marriage as between a man and a woman.

Check Out Same-Sex Marriage Status in the U.S. State By State

A divided three-judge panel of the 9th Circuit Court of Appeals struck down "Prop 8" in February, ruling that it "serves no purpose , and has no effect, other than to lessen the status and human dignity of gays and lesbians in California and to officially reclassify their relationship and families as inferior to those of opposite-sex couples."

It was a narrow ruling, specific to California and its history with Prop 8. The court did not reach the broader question of whether there was a fundamental right to gay marriage.

Supporters of Prop 8 are asking the Supreme Court to hear an appeal of that ruling. Gay marriages have been put on hold in California until the Supreme Court decides the issue. The cases will likely be argued in March.

David Paul Morris/Getty Images

Opponents of Prop 8 are represented by David Boies and Theodore Olson, two lawyers who argued on opposite sides in the historic Bush v. Gore case that resulted in Bush's election as president.

Get more pure politics at ABCNews.com/Politics and a lighter take on the news at OTUSNews.com

They contend in court briefs that the question about whether the states might discriminate against gay men and lesbians in the provision of marriage licenses could be the "defining civil rights issue of our time."

The court will also hear a challenge to a key section of a federal law, the Defense of Marriage Act (DOMA), that defines marriage as between a man and a woman. At issue in this case is not whether there is a fundamental right to gay marriage, because the same-sex couples are legally married in states that allow gay marriage, but that the gay couples alone are denied federal benefits such as the Social Security survivor assistance.

There were eight DOMA petitions filed with the court. One involved Edith Windsor, who, in 2007, married Thea Spyer, her partner of more than 40 years. The couple were married in Canada, but resided in New York until Spyer died in 2009.

Windsor was forced to pay $363,000 in federal estate taxes. She applied for a refund believing she was entitled to a marital deduction, but she was denied the claim on the grounds that she was not a "spouse" within the meaning of DOMA.

In briefs filed with the court, Solicitor General Donald B. Verrilli Jr. writes, "Although Section 3 of DOMA does not purport to invalidate same-sex marriages in those States that permit them it excludes marriage from recognition for purposes of more than 1,000 federal statutes and programs whose administration turns in part on individuals' marital status."

Recent ABC News-Washington Post polls say that 51 percent of Americans support gay marriage, which is legal in nine states and the District of Columbia.

ABC News' Sarah Parnass contributed to this report.

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Egypt demonstrators reject Mursi call for dialogue

CAIRO (Reuters) - Demonstrators rejected a call from Egypt's Islamist President Mohamed Mursi for a national dialogue after deadly clashes around his palace, demanding the "downfall of the regime" - the chant that brought down Hosni Mubarak.

Mursi said in a televised speech late on Thursday that plans were on track for a referendum on a new constitution on December 15 despite clashes that killed seven people. He proposed a meeting on Saturday with political leaders, "revolutionary youth" and legal figures to discuss the way forward after that.

But a leading activist group rejected the offer, and fresh demonstrations were called for Friday.

The "April 6" movement, which played a prominent role in igniting the revolt against Mubarak said on its Facebook page that Friday's protests would deliver a "red card" to Mursi.

Egypt has been plunged into turmoil since Mursi issued a decree on November 22 awarding himself wide powers and shielding his decisions from judicial review.

His Islamist supporters say the decree was necessary to prevent Mubarak-era judges from interfering with reforms. A constitution drawn up by a body dominated by Islamists is due to be put to a referendum next week.

The opposition has demanded that Mursi scrap his decree, postpone the referendum and redraft the constitution.

In his address, Mursi said: "I call for a full, productive dialogue with all figures and heads of parties, revolutionary youth and senior legal figures to meet this Saturday."

Several thousand opposition protesters near the palace waved their shoes in derision after his speech and shouted "Killer, killer" and "We won't go, he will go" - another of the slogans used against Mubarak in last year's revolt.

The Cairo headquarters of the Muslim Brotherhood, the group that propelled Mursi to victory in a June election, was set ablaze. Other offices of its political party were attacked.

TENTATIVE CONCESSION

The United States, worried about the stability of an Arab partner which has a peace deal with Israel and which receives $1.3 billion a year in U.S. military aid, had urged dialogue.

Mursi said his entire decree would lapse after the constitutional referendum, regardless of its result.

He said a new constituent assembly would be formed to redraft the constitution if Egyptians rejected the one written in the past six months.

The Republican Guard, an elite unit whose duties include protecting the presidential palace, restored peace on Thursday after a night of violence outside the palace, ordering rival demonstrators to leave by mid-afternoon.

Mursi supporters withdrew, but opposition protesters remained, kept away by a barbed wire barricade guarded by tanks. By evening their numbers had swelled to several thousand.

Thousands of supporters and opponents of Mursi had fought well into Thursday's early hours, using rocks, petrol bombs and guns. Officials said 350 were wounded in the violence. Six of the dead were Mursi supporters, the Muslim Brotherhood said.

Opposition groups have called for protests after Friday prayers aimed at "the downfall of the militia regime", a dig at what they see as the Brotherhood's organized street muscle.

A communique from a leftist group urged protesters to gather at mosques and squares across Egypt, and to stage marches in Cairo and its sister city Giza, converging on the presidential palace. "Egyptian blood is a red line," the communique said.

Hardline Islamist Salafis also summoned their supporters to protest against what they consider biased coverage of the crisis by some private Egyptian satellite television channels.

Since Mursi issued his decree, six of his advisers have resigned. Essam al-Amir, the director of state television, quit on Thursday, as did a Christian official at the presidency.

The Brotherhood's supreme guide, Mohamed Badie, called for unity, saying divisions "only serve the nation's enemies".

The Islamists, who have won presidential and parliamentary elections since Mubarak was overthrown, are confident they can win the referendum and the parliamentary election to follow.

As well as relying on his Brotherhood power base, Mursi may also tap into a popular yearning for stability and economic revival after almost two years of political turmoil.

Egypt's pound hit an eight-year low on Thursday, reversing gains made on hopes that a $4.8 billion IMF loan would stabilize the economy. The stock market fell 4.6 percent.

(Additional reporting by Edmund Blair and Marwa Awad; Writing by Alistair Lyon and Peter Graff; Editing by Louise Ireland)

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ECB forecast, rate hints send euro lower

NEW YORK: The euro only barely rebounded against the dollar in late trade Thursday, after plunging on the European Central Bank's sharp cut in its eurozone growth forecast for next year.

The euro lost more than one cent after the ECB forecast that the euro area economy will shrink by 0.3 percent in 2013, instead of growing by 0.5 percent as previously estimated.

Also pressing it lower were hints from the ECB that it might be moving toward cutting its benchmark rate, even as it held firm on Thursday.

"The ECB appears to have the door open for an interest rate cut, and we expect it to step through early in 2013," said Howard Archer at IHS Global Insight.

At 2200 GMT, the euro was at $1.2969, compared to $1.3064 late Wednesday. It hit a low of $1.2951 during the day.

There was nothing otherwise to budge the dollar, with trade mostly on hold for Friday's US jobs data for November, expected to be down due to Hurricane Sandy's impact on the economy of the northeast corridor.

If anything, the data will support expectations that the Federal Reserve will further extend its bond purchase stimulus program when it meets next week.

The yen picked up slightly, 10 days before national elections in Japan. It gained to 106.85 yen to the euro from 107.71, and 82.37 yen to the dollar from 82.42.

The dollar rose to 0.9325 Swiss francs, and the British pound slipped to $1.6050.

-AFP/ac

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'Time for India, Pak to stop blame game'

NEW DELHI: Pakistan senate chairman Syed Hussain Bokhari said here on Thursday that there was a wrong notion in India that relations with the neighbouring country improve only when a dictator is in power there.

Bukhari is leading a delegation of seven Pakistani senators—three of them Hindus—to India at the invitation of vice president Hamid Ansari on a goodwill visit aimed to "create better understanding" of each other.

"There is this misconception that only under a Pakistani dictator or military can relations improve with India," said Bokhari, shortly after his visit to both Houses of Parliament here. "It is under people's representatives accountable and answerable to the people that Pakistan and India have embarked on a reengagement process," he added.

"The democratic constitution of Pakistan had been polluted at times by dictators but the power now lies with Parliament and it shows the commitment of Pakistani leadership to strengthening parliamentary democracy," said Bokhari, adding that the civilian government is keen on having better ties with India.

Bokhari said that despite the "very unfortunate" Mumbai attacks; it was time for the two countries to stop making allegations and counter-allegations against each other to facilitate the ongoing process of reengagement between them.

"Allegations are not going to help; even in our country people talk about what India is doing in Balochistan or Kashmir or alleged violation of the Indus Water Treaty but it is not enough to merely agitate and not find solutions to issues," said Bokhari adding that Parliament in Pakistan had to "play the role of an oversight" in the functioning of the government.

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