Euro not currently overvalued, Germany says

BERLIN : The euro is not currently overvalued and exchange rates should not be used to try and boost competitiveness, the German government said Wednesday, rejecting French calls for ways to cap the single currency's recent rise.

"The German government is of the conviction that the euro, historically speaking, is currently not overvalued," government spokesman Steffen Seibert told a news briefing.

"What we're currently seeing is a rise in the value of the euro which is a counter-reaction to the massive depreciation in the wake of the eurozone crisis," Seibert said.

Earlier in Paris, French Finance Minister Pierre Moscovici had said an overvalued euro hurts economic growth and the issue should be discussed among eurozone finance ministers and the group of 20 leading economies.

But Berlin sees no cause for alarm.

The latest rise in the euro "shows that financial markets' confidence in the euro is returning. That's not a bad thing," government spokesman Seibert continued.

Germany believes that a currency's exchange rate should reflect its economic fundamentals "and flexible exchange rates are the best to way to achieve this," he said.

"I can only point out that both the G8 and the G20 separately agreed that it made sense for the markets to set exchange rates," the spokesman noted.

French minister Moscovici said that while the euro's recent rise was partly explained by the abatement of the eurozone crisis, the monetary policy of other countries was also to blame.

Moscovici said it is "legitimate" to discuss with European finance ministers what could be the fair value of the euro and the right way to get there.

But while Seibert acknowledged that the topic would likely be discussed, "from our point of view, exchange rate policy is not an appropriate tool to boost competitiveness.

"The effects of things like targeted devaluation tend to be rather short-term. You can't use it to achieve a lasting boost in competitiveness," Seibert said.

A day earlier, French President Francois Hollande had said the euro's value cannot not be left to the whims of the market.

Speaking to European Parliament in Strasbourg said "a single currency zone must have a foreign exchange policy otherwise it will see an exchange rate imposed on it (by the markets) which is out of line with its real competitive position."

The euro has strengthened sharply in the past few months as the eurozone appeared to have finally got the better of a debt crisis which at one stage looked likely to sink the whole project.

On Friday, the single currency hit US$1.3711, a level last seen in mid-November 2011, stoking concerns that it could begin to hurt exports, a key growth driver at a time when the overall eurozone economy is struggling badly.

For several months some emerging countries have objected that monetary policy by leading central banks, in injecting liquidity into their own economies, tends to depress their currencies and amounts to a policy of competitive devaluation.

Analysts say that the policy of the European Central Bank is showing signs of being somewhat less relaxed and this is one factor tending to push up the euro.

- AFP/ch

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YouTube mulling $50 million investment in Vevo -- report

YouTube might soon invest some cash in Vevo, according to a new report.

Google's video site could invest $50 million in Vevo, a joint venture established by Universal Music and Sony Music Entertainment, Bloomberg is reporting today, citing people who claim to have knowledge of their negotiations. In return for the $50 million, YouTube would acquire less than 10 percent of the company, indicating Vevo might be valued at over $500 million.

Perhaps more importantly for Google, the deal would also ensure that Vevo's music videos stay on YouTube, according to Bloomberg.

Rumors have been swirling for months that Vevo is looking to raise some cash, and Google might just be the company to help it do so. In May, for example, the New York Post reported that Google was looking to acquire an equity stake in Vevo on a valuation of $1 billion. It was believed at that time that Facebook might also try to acquire equity in Vevo.

The YouTube-Vevo investment rumor was rekindled last month in a report from All Things Digital. That report didn't include mention of the possible investment.

CNET has contacted YouTube for comment on the Bloomberg report. We will update this story when we have more information.

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The Real Richard III

It's a question that actors from Laurence Olivier to Kevin Spacey have grappled with: What did Richard III, the villainous protagonist of Shakespeare's famous historical drama, really look and sound like?

In the wake of this week's announcement by the University of Leicester that archaeologists have discovered the 15th-century British king's lost skeleton beneath a parking lot, news continues to unfold that helps flesh out the real Richard III.

The Richard III Society unveiled a 3D reconstruction today of the late king's head and shoulders, based on computer analysis of his skull combined with an artist's interpretation of details from historical portraits. (Related: "Shakespeare's Coined Words Now Common Currency.")

"We received the skull data before DNA analysis confirmed that the remains were Richard III, and we treated it like a forensic case," said Caroline Wilkinson, the University of Dundee facial anthropologist who led the reconstruction project. "We were very pleasantly surprised by the results."

Though Shakespeare describes the king as an "elvish-marked, abortive, rooting hog," the reconstructed Richard has a pleasant, almost feminine face, with youthful skin and thoughtful eyes. His right shoulder is slightly higher than the left, a consequence of scoliosis, but the difference is barely visible, said Wilkinson.

"I think the whole Shakespearean view of him as being sort of monster-like was based more on his personality than his physical features," she reflected.

Look back at 125 years of National Geographic history

People are naturally fascinated by faces, especially of historical figures, said Wilkinson, who has also worked on reconstructions of J.S. Bach, the real Saint Nicholas, the poet Robert Burns, and Cleopatra's sister.

"We make judgments about people all the time from looking at their appearance," she said. "In Richard's case, up to now his image has been quite negative. This offers a new context for considering him from the point of view of his anatomical structure rather than his actions. He had quite an interesting face."

A Voice From the Past

Most people's impression of Richard's personality comes from Shakespeare's play, in which the maligned ruler utters such memorable lines as "Now is the winter of our discontent/Made glorious summer by this son of York," and "A horse! A horse! My kingdom for a horse!"

But how would the real Richard III have expressed himself? Did he have an accent? Was there any sense of personality or passion in his choice of words?

To find out more about the mysterious monarch, Philip Shaw, a historical linguist at University of Leicester's School of English, analyzed the only two known examples of Richard III's own writing. Both are postscripts on letters otherwise composed by secretaries—one in 1469, before Richard became king, and one from 1483, the first year of his brief reign.

Shaw identified a quirk of spelling that suggests that Richard may have spent time in the West Midlands, or perhaps had a tutor who hailed from there.

"I was looking to compare the way he spells things with the way his secretaries spell things, working on the assumption that he would have been schooled to a fairly high level," Shaw explained.

Read about National Geographic explorers on our Explorers Journal blog

In the 1469 letter, Richard spells the word "will" as "wule," a variation associated with the West Midlands. But Shaw also notes that by 1483, when Richard wrote the second letter's postscript, he had changed his spelling to the more standard "wyll" (the letters 'i' and 'y' were largely interchangeable during that period of Middle English).

"That could suggest something about him brushing up over the years, or moving toward what would have been the educated standard," Shaw said, noting that the handwriting in the second example also appears a bit more polished. "One wonders what sort of practice and teaching he'd had in the interim."

Although it's hard to infer tone of voice from written letters, there is certainly emotion in the words penned by Richard III.

In the 1469 letter, the 17-year-old seeks a loan of 100 pounds from the king's undertreasurer. Although the request is clearly stated in the body of the letter, Richard adds an urgent P.S.: "I pray you that you fail me not now at this time in my great need, as you will that I show you my good lordship in that matter that you labour to me for."

That could either be a veiled threat (If you don't lend me the money, I won't do that thing you asked me to do) or friendly cajoling (Come on, I'm helping you out with something, so help me out with this loan).

"His decision to take the pen himself shows you how important that personal touch must have been in getting people to do something," Shaw said.

The second letter, written to King Richard's chancellor in 1483, also conveys a sense of urgency. He had just learned that the Duke of Buckingham—once a close ally—was leading a rebellion against him.

"He's asking for his Great Seal to be sent to him so that he can use it to give out orders to suppress the rebellion," Shaw said. "He calls the Duke 'the most untrue creature living. You get a sense of how personally let down and betrayed he feels."

Shaw said he hopes his analysis—in combination with the new facial reconstruction—will help humanize Richard III.

"He probably wasn't quite the villain that Shakespeare portrays, though I suspect he was quite ruthless," he said. "But you probably couldn't afford to be a very nice man if you wanted to survive as a king in those days."

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Hostage Taker Waged Firefight With SWAT Agents

Jimmy Lee Dykes, the man who held a 5-year-old boy hostage for nearly a week in an underground bunker in Alabama, had two homemade explosive devices on his property and engaged in a firefight with SWAT agents before they stormed the bunker and killed him, according to the FBI.

One explosive device was found inside the bunker and another was located in the PVC pipe negotiators used to communicate with Dykes, the FBI said Tuesday night. Both devices were "disrupted," according to the FBI.
The search for hazards is expected to continue through today.

Preliminary investigation reports indicate that Dykes engaged in a firefight with the SWAT agents who made entry, according to the FBI.

Officials were able to insert a high-tech camera into the 6-by-8-foot bunker to monitor Dykes' movements, and they became increasingly concerned that he might act out, a law enforcement source with direct knowledge of the case told ABC News Monday.

FBI special agents were positioned near the entrance of the bunker and negotiators were able to convince Dykes to approach the bunker door. FBI agents used two explosions to gain entry into the bunker. It also appears that Dykes reinforced the bunker against any attempted entry by law enforcement, according to the FBI.

ABC News has learned that Dykes first opened fired on the agents during the bunker raid. Moments later, the agents returned fire, killing Dykes.

The shooting review team continues to gather facts regarding the incident, the FBI said.

Ala. Hostage Standoff Over: Kidnapper Dead, Child Safe Watch Video

The boy, only identified as Ethan, was rescued from the scene by a waiting ambulance. The bunker raid came six days after Dykes boarded a school bus, fatally shot the driver and abducted the boy, who suffered no physical injuries.

Click here for a look at what's next for Ethan.

"It's all about timing that is why you practice. You practice blowing the door in split seconds, flash bang, shoot before Mr. Dykes would even have an opportunity to react," Brad Garrett, former FBI agent and ABC News consultant, said.

Meanwhile, Ethan is set to celebrate his 6th birthday today, happily reunited with his family.

Ethan's thrilled relatives told "Good Morning America" Tuesday that he seemed "normal as a child could be" after what he went through and has been happily playing with his toy dinosaur.

"He's happy to be home," Ethan's great uncle Berlin Enfinger told "GMA." "He's very excited and he looks good."

"For the first time in almost a week, I woke up this morning to the most beautiful sight...my sweet boy. I can't describe how incredible it is to hold him again," Ethan's' mother wrote in a statement released by the FBI Tuesday.

Ethan is "running around the hospital room, putting sticky notes on everyone that was in there, eating a turkey sandwich and watching SpongeBob," Dale County Schools Superintendent Donny Bynum said at a news conference Tuesday.

When asked about a birthday party for Ethan, Bynum said, "We are still in the planning stages. Our time frame is that we are waiting for Ethan, waiting on that process, but we are going to have it at a school facility, most likely the football stadium at Dale County High School."

He said many "tears of celebration" were shed Monday night when Ethan was reunited with his family.

"If I could, I would do cartwheels all the way down the road," Ethan's aunt Debra Cook told "GMA." "I was ecstatic. Everything just seemed like it was so much clearer. You know, we had all been walking around in a fog and everyone was just excited. There's no words to put how we felt and how relieved we were."

Cook said that Ethan has not yet told them anything about what happened in the bunker and they know very little about Dykes.

What the family does know is that they are overjoyed to have their "little buddy" back.

"He's a special child, 90 miles per hour all the time," Cook said. "[He's] a very, very loving child. When he walks in the room, he just lights it up."

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NASA spy telescopes won't be looking at Earth

What science can you do with a couple of ex-spy satellites? The twin telescopes, recently donated to NASA from a scrapped surveillance mission, have inspired the space agency to hunt for intriguing ideas – starting with a two-day brainstorm that kicks off today.

"We're looking at issues such as, is it doable? Is it interesting, unique or compelling?" says George Fletcher at NASA's Marshall Space Flight Centre in Huntsville, Alabama, who is heading up the ideas search. "We want to do more than just, 'OK, we have a space telescope, let's go point it at a star'."

One thing NASA won't do with the telescopes is use them to look at Earth, he says, though studying the upper atmosphere is allowed. "We don't want it to appear like NASA is now a spy agency."

Last year, the US National Reconnaissance Office offered NASA two sets of optics similar to those on the Hubble space telescope but with a slightly wider field of view. The parts have been in storage while NASA decides what to do with them.

Exoplanet photography

Previously NASA officials had suggested using one of the telescopes as part of a planned mission to investigate dark energy, the mysterious entity that is accelerating the universe's expansion. Now they say they are willing to consider alternatives.

Thirty-three possibilities are due to be presented at the two-day workshop in Huntsville, including sending a telescope to orbit Mars, either to stare out to space from that unique vantage point or to image the planet's surface in high resolution.

Other options to be presented are using the telescopes to search for and photograph exoplanets, to take pictures of the cosmos in ultraviolet wavelengths, and to map space debris or asteroids zooming around near Earth.

Fletcher's team will choose up to six ideas for further study, and will release a full report in May.

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China women look for financial security in marriage

SHANGHAI: Financial security in marriage ranks high among women in China.

That's according to the latest Chinese marriage report which shows that nearly 80 per cent of Chinese women look for partners who earn twice what they do.

And more than half of them want full access to their future husbands' salary.

Xizhiyuan match-making company has been in business for 13 years.

They have noticed that how much a man earns has become more important to women in recent years.

Now more than half of their female customers ask for dates with men who make at least 50 per cent more than them.

Jiang Weilan, Manager of Xizhiyuan Match-Making, said, "Young people, particularly women, tend to compete with each other. In the past, they were happy with dates who earn slightly more than they do, but now it's no longer the case. For example, she is paid 10,000 yuan a month, she require her date to earn 15,000 or 20,000 a month. 50 per cent to 60 per cent more in salary is a very common requirement now. At least that's what we found from our clients. Even if they ask for doubled salaries, it's still quite normal."

According to the 2012 Annual Chinese Marriage Report, 77 per cent of urban Chinese women want a husband whose income is at least double theirs.

Sociologists say this is a reflection of the income disparity that still exists in China.

Lu Xiaowen, Vice Director of Institute of Sociology at the Shanghai Academy of Social Sciences, said, "We still face the unfairness that women are paid less than men in a lot of cases. Practically, women will naturally look for men who have higher income. This is a fact of our society. Besides, our income has increased significantly over the past few years, and the expectation of a further increase is high. Therefore, women now have a high standard when it comes to their future husbands' income."

The report also shows women now favour men with a stable income more than those who own an apartment.

The report found 89 per cent of women chose stable income as a must for marriage, whereas 68 per cent think a property decides who is qualified to be a husband.

Experts believe this shows a growing healthy trend, dubbed "naked marriage".

Lu Xiaowen added, "Naked marriage means when young people get married, they don't require an apartment or big saving. Instead, they work hard together to build their own home. A key factor in this equation is they both need a stable career and income so that they can mutually work towards their goal together."

Another interesting fact in the report - more than half of Chinese women want to control their husband's salaries after marriage.

Although men are not in favour of this idea, experts believe letting the wife act as family CFO could bring stability and harmony to a home.

Most women do, in fact, run the household and may be more equipped to deal with family expenditures.

- CNA/de

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Microsoft offers online help to Office 2013 users

Microsoft's Quick Start Guide for Word 2013.

(Credit:
Screenshot by Lance Whitney/CNET)

Office 2013 users who need a helping hand can find one through Microsoft's Quick Start Guides.

Now available online, the nine guides offer advice on using each of the applications in Office 2013, including Word, Excel, PowerPoint, Outlook, Access, OneNote, Project, Visio, and Publisher.

Each guide comes packaged as a PDF that you can download or view online through Adobe Reader.

The guides provide screenshots and descriptions of the new features and layouts in Office 2013. They also clue you in as to what's changed in the new applications compared with previous versions. As with any PDF, you can zoom in to any page to get a closer look and search for specific words and terms.

Office 2013 carries on with most of the same features as in prior editions. But the suite has a more streamlined look and dangles some touch-friendly options geared toward
tablet users.

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Space Pictures This Week: A Space Monkey, Printing a Moon Base

Illustration courtesy Foster and Partners/ESA

The European Space Agency (ESA) announced January 31 that it is looking into building a moon base (pictured in an artist's conception) using a technique called 3-D printing.

It probably won't be as easy as whipping out a printer, hooking it to a computer, and pressing "print," but using lunar soils as the basis for actual building blocks could be a possibility.

"Terrestrial 3-D printing technology has produced entire structures," said Laurent Pambaguian, head of the project for ESA, in a statement.

On Earth, 3-D printing, also known as additive manufacturing, produces a three-dimensional object from a digital file. The computer takes cross-sectional slices of the structure to be printed and sends it to the 3-D printer. The printer bonds liquid or powder materials in the shape of each slice, gradually building up the structure. (Watch how future astronauts could print tools in space.)

The ESA and its industrial partners have already manufactured a 1.7 ton (1.5 tonne) honeycombed building block to demonstrate what future construction materials would look like.

—Jane J. Lee

Published February 4, 2013

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Boy Rescued in Ala. Standoff 'Laughing, Joking'

The 5-year-old boy held hostage in a nearly week-long standoff in Alabama is in good spirits and apparently unharmed after being reunited with his family at a hospital, according to his family and law enforcement officials.

The boy, identified only as Ethan, was rescued by the FBI Monday afternoon after they rushed the underground bunker where suspect Jimmy Lee Dykes, 65, was holding him. Dykes was killed in the raid and the boy was taken away from the bunker in an ambulance.

Who Is Jimmy Lee Dykes?

Officials have not yet provided any further details on the raid, citing the ongoing investigation.

"I've been to the hospital," FBI Special Agent Steve Richardson told reporters Monday night. "I visited with Ethan. He is doing fine. He's laughing, joking, playing, eating, the things that you would expect a normal 5- to 6-year-old young man to do. He's very brave, he's very lucky, and the success story is that he's out safe and doing great."

Ethan is expected to be released from the hospital later today and head home where he will be greeted by birthday cards from his friends at school. Ethan will celebrate his 6th birthday Wednesday.

Ala. Hostage Standoff Over: Kidnapper Dead, Child Safe Watch Video

Alabama Hostage Standoff: Jimmy Lee Dykes Dead Watch Video

Officials were able to insert a high-tech camera into the 6-by-8-foot bunker to monitor Dykes' movements, and they became increasingly concerned that he might act out, a law enforcement source with direct knowledge told ABC News Monday. FBI special agents were positioned near the entrance of the bunker and used an explosive charge to gain access and neutralize Dykes.

"Within the past 24 hours, negotiations deteriorated and Mr. Dykes was observed holding a gun," the FBI's Richardson said. "At this point, the FBI agents, fearing the child was in imminent danger, entered the bunker and rescued the child."

Richardson said it "got tough to negotiate and communicate" with Dykes, but declined to give any specifics.

After the raid was complete, FBI bomb technicians checked the property for improvised explosive devices, the FBI said in a written statement Monday afternoon.

The FBI had created a mock bunker near the site and had been using it to train agents for different scenarios to get Ethan out, sources told ABC News.

Former FBI special agent and ABC News consultant Brad Garrett said rescue operators in this case had a delicate balance.

"You have to take into consideration if you're going to go in that room and go after Mr. Dykes, you have to be extremely careful because any sort of device you might use against him, could obviously harm Ethan because he's right there," he said.

Still, Monday's raid was not the ending police had sought as they spent days negotiating with the decorated Vietnam veteran through a ventilation shaft. The plastic PVC pipe was also used to send the child comfort items, including a red Hot Wheels car, coloring books, cheese crackers, potato chips and medicine.

State Sen. Harri Anne Smith said Ethan's mother asked police a few days ago not to kill Dykes.

"She put her hand on the officer's heart and said, 'Sir, don't hurt him. He's sick,'" Smith said Monday.

Taylor Hodges, pastor of the Midland City Baptist Church, said, "Many people here don't keep their doors locked. Things are going to change, especially for our school system."

The outcome of the situation drew praise from the White House.

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Doubts remain that the Leicester body is Richard III

Douglas Heaven, reporter

(Image: Leicester University)

Hacked, sliced, stripped, slung over a horse and stabbed in the bottom. Tradition tells us that Richard III - the last Plantagenet king of England - met an especially bloody end in the battle of Bosworth Field on 22 August 1485. Now we may have a body to go with the legend.

Anticipation started building last year when an interesting skeleton was unearthed from beneath a car park in Leicester, UK. Today a team of researchers from the University of Leicester announced that, "beyond reasonable doubt", the body is that of Richard III. They draw on multiple strands of evidence to back their claim: as well as the expected wounds, the skeleton shows signs of scoliosis, a disease that curves the spine, which fits with accounts of the king being "hunchbacked".

But the clincher - for the researchers, at least - is newly revealed DNA evidence from two of Richard's living maternal descendants.

Michael Ibsen, a furniture-maker originally from London, and his
distant cousin, who wishes to remain anonymous, were tracked down using genealogical records. Geneticist Turi King
of the University of Leicester then matched traces of mitochondrial DNA extracted from the skeleton
with samples taken from the purported relatives. Since Ibsen and his
cousin are both the last of their lines, this could have been the last
chance for such evidence to be obtained.

Mitochondrial DNA is
passed down the maternal line and has 16,000 base pairs in total.
Typically, you might expect to get 50 to 150 fragments from a 500-year-old skeleton, says Ian Barnes
at Royal Holloway, University of London, who was not involved
in the research. "You'd want to get sequences from lots of those
fragments," he says. "There's a possibility of mitochondrial mutations
arising in the line from Richard III."

"It's intriguing to be
sure," says Mark Thomas at
University College London. It
is right that they used mitochondrial DNA based on the maternal line, he
says, since genealogical evidence for the paternal lineage cannot be
trusted.

But mitochondrial DNA is not especially good for
pinpointing identity. "I could have the same mitochondrial DNA as
Richard III and not be related to him," says Thomas.

The
researchers used the two living descendents to "triangulate" the DNA
results. The evidence will rest on whether Ibsen and his cousin have
sufficiently rare mtDNA to make it unlikely that they both match the
dead king by chance.

They must also not be too closely related.
If Richard III's living descendants shared a common female ancestor even
150 years ago, their DNA could still be too close for the pair to count
as distinct samples, says Thomas.

We'll have to wait for the results to be published to know for sure, says Barnes.

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