Miguel Cotto Beats Antonio Margarito By TKO Decision As Fight Stopped Due To Eye Injury

NEW YORK -- Miguel Cotto battered a one-eyed Antonio Margarito over nine lopsided rounds then won a TKO decision amid confusion in the corner before they came out for the 10th on Saturday night at Madison Square Garden.

Cotto (37-2-0) earned a punishing measure of payback for his loss to Margarito three years ago. With the New York crowd going wild for the Puerto Rican Cotto, he was never seriously threatened and retained his 154-pound title, shuttering Maragarito's right eye to cause the stoppage.

Margarito beat Cotto in July 2008, only to later have his career and reputation tarnished when he used illegal hand wraps before a loss to Shane Mosley. Margarito didn't box again for more than a year.

He needed surgery to repair a fractured orbital bone following a loss to Manny Pacquiao last year and considered retirement. The New York State Athletic Commission didn't license Margarito until Nov. 22 after ordering another examination of his eye. Cotto took quick aim on the eye and it was swollen shut in the seventh round.

Cotto believed Margarito also used illegal hand wraps in their first fight and claimed he had the photos to prove it.

Cotto stared down Margarito in his corner after the bout was stopped.

"Just to look at him and taste my victory on him," Cotto said. "He means nothing to me. I'm here with all my crowd and all my people. He means nothing to me."

The Tijuana Tornado stopped Cotto in the 11th round in Las Vegas in their first meeting. Cotto said he long resisted a rematch because he didn't want money going to an opponent who didn't fight fair.

Cotto took any issues of legality out of this one from the opening round. The sellout crowd at MSG honked horns, waved the Puerto Rico flag and absolutely went wild for all things Cotto ? starting with his entrance to the opening strains of The White Stripes' "Seven Nation Army."

Nothing could hold Cotto back.

Margarito laughed, smiled and even taunted Cotto after suffering several big blows. His demeanor didn't help him at the end of the seventh round, when he sat on his corner stool, his right eye shut. The crowd gasped then roared as the squeamish scene flashed on the big screen.

With one eye, Margarito gamely fought on, hoping for that one brutal blow that could change the fight. Half blind, he never had a chance. Ring doctor Anthony Curreri stopped the fight because of the eye even though 3 seconds ticked off in the 10th round. The fighters never met in the center of the ring.

"It came to the point there was no vision at all from the eye," Curreri said. "I think it would have been dangerous for him to go out there without any visual field. He did go quite a bit with the eye impaired."

Referee Steve Smoger did not know what the doctor wanted, causing confusion at the end.

Margarito insisted he could continue, though he was way behind on the scorecards.

"I told them how many numbers I had up," he said. "I knew from now on they were out to protect him because I was building (momentum)."

NEW YORK, NY - DECEMBER 03: Miguel Cotto of Puerto Rico kisses his wife Melissa after defeating Antonio Margarito of Mexico by TKO in the tenth round during the WBA World Junior Middleweight Title fight.

NEW YORK, NY - DECEMBER 03: Miguel Cotto of Puerto Rico kisses his wife Melissa after defeating Antonio Margarito of Mexico by TKO in the tenth round during the WBA World Junior Middleweight Title fight.

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NEW YORK, NY - DECEMBER 03: Miguel Cotto of Puerto Rico kisses his wife Melissa after defeating Antonio Margarito of Mexico by TKO in the tenth round during the WBA World Junior Middleweight Title fight.

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Source: http://www.huffingtonpost.com/2011/12/04/miguel-cotto-beats-antonio-margarito-boxing-tko_n_1127739.html

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His candidacy uncertain, Cain to meet with wife (AP)

COLUMBIA, S.C. ? Set to meet with his wife for the first time since a woman came forward claiming she had a 13-year extramarital affair with him, Herman Cain is preparing for one last campaign stop before he decides whether to press forward with his bid for the Republican presidential nomination.

Cain, who has denied the affair and allegations of unwanted sexual advances from other women, planned a Friday afternoon campaign stop in Rock Hill, S.C., before heading home to Atlanta to assess whether the accusation of an affair would be enough to force him from the GOP contest. With a little more than a month before Iowa has its lead-off caucuses, time is working against the Georgia businessman as he tries to steady his campaign.

"I want to do the assessment that we've got to do. Every time a new bit of information comes up, that stimulates another story in the media and that hurts my family and my wife, and it hurts me," Cain told Fox News Channel on Thursday.

"I'm going to re-establish my reputation," he added.

It won't be easy, regardless of whether the allegations are true or not. Cain's standing in the polls is cratering, supporters are wavering and fundraising is limping.

Since Ginger White stepped forward Monday, the allegation of an affair has overshadowed Cain's campaign. He told The New Hampshire Union Leader that his wife, Gloria, did not know he was providing the 46-year-old Atlanta-area businesswoman with money for "month-to-month bills and expenses."

"Unfortunately, I'm a softy and I feel sorry for people when they get in deep financial trouble, especially given this economy," Cain later told Fox News.

White told MSNBC in an interview Thursday night that she was "deeply sorry" for causing Cain's wife or other members of his family any pain.

"My heart bleeds for this woman because I am a woman and being in a situation like this cannot be fun. And I am deeply, deeply sorry if I have caused any hurt to her and to his kids, to his family," she said.

White said the affair was never about love and that Cain never said he loved her.

"Nor did I tell him that I loved him," she said. "It wasn't a love affair. It was a sexual affair, as hard as that is for me to say and as hard as it is for people to hear it. You know, it pretty much is what it is. And that's what it was."

Even before White surfaced, Cain faced steep hurdles to the nomination. He didn't have much of a campaign organization. He was spending more time on a book tour than in early primary and caucus states. And he was dealing with doubts about whether he was ready for the presidency, given a series of fumbles on policy questions.

Cain said that he was heading home on Friday to talk "face to face" with his wife of 42 years, although he said they had spoken several times a day since White told an Atlanta television station she had a casual if long-term affair with Cain that ended about eight months ago.

"My wife told me again today she loves me. It's not that she is doubting me," Cain told Fox News. "It's that all the media frenzy and all of the speculation and all of the twisting and the turning that never stops, it takes a toll on your family and that's my No. 1 priority."

Even so, he canceled a Friday evening event at the Atlanta Athletic Club as he decides whether his campaign goes forward.

"Herman Cain is a smart man, and he loves his family, and I know that these last four, five weeks, with these accusations, have taken a toll on him and they've taken a toll on his family," Cain lawyer Lin Wood told CNN. "I suspect he's going to have a heart-to-heart talk with his wife and his other family members and he's going to make sure that whatever decision he makes, the first and foremost consideration: Is it in their best interest?"

___

Associated Press writers Shannon McCaffrey and Ray Henry in Atlanta and Tom Beaumont in Iowa contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111202/ap_on_el_pr/us_cain

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The smokescreen of reclassifying pot for health

Two governors have asked the DEA to reclassify marijuana for medical use. But their real problem is in not opposing the backdoor ruse for legalization of cannabis.

Too many elected state leaders still fall for the idea that legalizing ?medical? marijuana really isn?t about a well-monied national campaign to legalize all pot use.

Skip to next paragraph

And yet, truth be told, it is.

The latest twist in this ongoing political ruse is a request by two governors to have marijuana reclassified under federal drug law ? even though such an effort is really a sideshow.

On Nov. 30, Gov. Chris Gregoire (D) of Washington and Gov. Lincoln Chafee (I) of Rhode Island asked the Drug Enforcement Administration (DEA) to change how marijuana is rated as a drug under the Controlled Substances Act. Their 106-page petition seeks to have cannabis designated for limited medical use ? a category known as ?Schedule II? ? while still retaining its status as a harmful substance with a high potential for abuse.

The governors claim they simply want safe access to pot for the ill in the 16 states that have so far decriminalized pot for medical reasons. Both of them are frustrated by recent federal crackdowns on the trafficking of ?medical? marijuana. To protect state employees and others from being prosecuted, they recently killed proposals passed by their legislatures to allow pot dispensaries.

Rather than simply uphold the federal ban, the governors have caved to powerful pro-pot forces that seek legalization through the backdoor. They know the DEA only last July decided not to remove marijuana from Schedule I ? the most restrictive category ? based on a lack of consensus in the medical field. The agency found ?a material conflict of opinion among experts.?

And this was the third time in recent decades that the DEA has denied such a petition.

The federal crackdown picked up steam two months ago in California, where four US Attorneys decided to end the abuse of marijuana dispensaries by thousands of people who have few health problems. Many California dispensaries were also shipping pot around the country.

The raids in California and other states are not aimed at individuals using pot for medical reasons. Rather they are directed at those who profit from the growing or selling of pot ? and who extend those sales way beyond ?medical? use.

As DEA Administrator Michele Leonhart says, ?The known risks of marijuana use have not been shown to be outweighed by specific benefits in well-controlled clinical trials that scientifically evaluate safety and efficacy.?

But of course, the real issue isn?t whether the medical use of pot makes sense (especially when smoked). Instead, governors should simply uphold federal law ? and Obama administration policy ? that finds marijuana has too many adverse effects.

States should not be frustrating federal law by playing into the hands of the pro-pot legalization campaign.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/GjnGHaeyacU/The-smokescreen-of-reclassifying-pot-for-health

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Wall St edges lower before payrolls (Reuters)

NEW YORK (Reuters) ? Stocks treaded water on Thursday after the previous day's massive gains, but investors worry that recent strong data could set the market up for a selloff should Friday's jobs report fall short of hopes.

The Dow Jones industrial average (.DJI) dropped 25.05 points, or 0.21 percent, to 12,020.63. The Standard & Poor's 500 Index (.SPX)(.INX) shed 2.37 points, or 0.19 percent, to 1,244.59. The Nasdaq Composite Index (.IXIC) gained 5.86 points, or 0.22 percent, to 2,626.20.

(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/nm/20111201/bs_nm/us_markets_stocks

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Mass. AG hits big banks with foreclosure lawsuit (Reuters)

(Reuters) ? The Massachusetts attorney general has filed a lawsuit against five large U.S. banks accusing them of deceptive foreclosure practices, a signal of ebbing confidence that a multi-state agreement can be worked out.

Attorney General Martha Coakley said on Thursday she filed the lawsuit partly because it has been taking too long to hammer out a nationwide settlement.

For more than a year, state and federal officials have been negotiating a deal in which banks would pay billions of dollars in fines - to go toward housing relief - in exchange for legal protection against future suits.

The Massachusetts lawsuit, filed in state court in Boston, accuses Bank of America Corp, JPMorgan Chase & Co Inc, Citigroup Inc, Wells Fargo & Co and GMAC of deceptive foreclosure practices, such as using robo-signers and false documents.

"Our suit alleges that the banks have charted a destructive path by cutting corners and rushing to foreclose on homeowners without following the rule of law," Coakley said in a statement.

The attorney general in Iowa, Tom Miller, who is leading the negotiations for the states, said in a statement they hope to reach a settlement "soon." He also said Coakley had indicated she is still open to joining the settlement.

"We're optimistic that we'll settle on terms that will be in the interests of Massachusetts," Miller said.

However, analysts said Coakley's lawsuit is a bad sign for banks, which hope a deal with states and federal authorities could help the industry move beyond the legal fallout that has dogged it since the peak of the financial crisis.

"I can't say anything is dead, but it sure looks like this is a negative. The banks are going to have these suits out there for years." said Paul Miller, a bank analyst with FBR Capital Markets.

The mortgage servicing units of the five banks are accused of taking shortcuts as a way to deal with a deluge of foreclosures in the wake of the 2008 credit crisis.

State attorneys general, the Justice Department, and other federal officials have been talking with the banks for more than a year.

The discussions have been bogged down by states concerned the deal was either too lenient or provided the wrong kinds of relief, and by the banks who sought release from mortgage-related claims beyond the original conduct at issue.

GOING IT ALONE?

The Massachusetts complaint accuses the banks of using fraudulent documents when processing foreclosures; of foreclosing on properties without holding the actual mortgage; and of failing to uphold promises to modify loans for the state's homeowners.

It also names the banks' private mortgage registry, MERS, as a defendant, accusing it of dodging fees and corrupting the state's land recording system.

On Thursday, Coakley was firm that she would not sign a mortgage settlement that included "broad liability release regarding MERS and other issues."

A person familiar with the talks said Massachusetts has sought to protect its ability to pursue certain claims against the banks for their use of MERS. Those liability issues are still being hashed out in negotiations, the person said.

The banks targeted in the suit said Coakley's move imperils chances for broader relief.

Bank of America said in a statement that a collaborative resolution, rather than continued litigation, would more quickly heal the housing market and help drive an economic recovery.

Chase said in a statement that it is disappointed Massachusetts filed a lawsuit when negotiations are ongoing on a broader settlement that it said could bring immediate relief to borrowers.

GMAC said it was unhappy that Massachusetts "elected not to continue a more constructive path that could help borrowers in the state, but rather has chosen to use the court process."

Wells Fargo disagreed with Coakley that it has not kept a promise to modify loans.

Citi said it had not yet reviewed the lawsuit, but the bank believes it has operated appropriately and in compliance with existing laws.

Coakley, who took office in 2007, has been aggressive in moving against Wall Street firms and U.S. banks. Her office said it has secured more than $600 million in relief for investors and borrowers, while keeping more than 24,000 people in their homes.

(Additional reporting by Scott Malone, Svea Herbst, Rick Rothacker and Joe Rauch; editing by Andre Grenon)

Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//news.yahoo.com/s/nm/20111201/bs_nm/us_banks_foreclosure

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Social-Mobile Game Developer Funzio Aims Its New Title, Modern War, At iOS

Funzio has managed to make hit versions of its first game, Crime City, for both Facebook and iOS devices. That's a rare feat for any company, especially such a small one. Now it's trying again with a role-playing simulation called Modern War, that it's launching first on iOS. The game itself is closely patterned after the iOS version of Crime City. A slick graphical interface lets you move around various battle scenarios, where you click on enemy units and structures on the screen to attack them, and earn virtual cash and experience when you win. You also battle with various other players in a traditional role-playing format where you don't actually do any battling, you just see the resulting losses and point gains. A home base lets you build structures that generate new troops and equipment. The free game has the standard virtual goods revenue model. The virtual cash currency and gold are dual currencies that let you do things like buy new buildings that provide more powerful improvements to your troops.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/mMwiG2KfTUo/

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Rep. Charlie Gonzalez to retire (Offthekuff)

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