DealBook: HSBC Sells Stake in Chinese Insurer for $9.4 Billion

HONG KONG — HSBC Holdings, one of Europe’s biggest banks, said Wednesday it would sell its entire stake in a leading Chinese insurer to a Thai conglomerate for 72.7 billion Hong Kong dollars ($9.4 billion.)

HSBC said it would sell its 15.6 percent stake in Ping An Insurance, based in Shenzhen, to the Charoen Pokphand Group, controlled by the Thai billionaire Dhanin Chearavanont, in a deal to be financed partly by the China Development Bank, a policy lender wholly owned by the state of China.

HSBC has been shedding assets to cut costs and streamline its business, and at the same time bolstering its balance sheet in the face of tighter global capital requirements for banks. Since Stuart T. Gulliver took over as chief executive at the beginning of 2011, the bank, which is based in London, has sold more than 40 noncore assets and has booked about $4 billion in gains on those sales this year alone.

HSBC disclosed last month that it was in talks over a potential sale of its Ping An stake, which it started building in 2002, and said Wednesday it expected to book a post-tax gain of $2.6 billion on completion of the deal with the Thai company.

‘‘This transaction represents further progress in the execution of the group’s strategy,’’ Mr. Gulliver said in a statement announcing the sale. ‘‘China remains a key market for the group.’’

Founded in Hong Kong and Shanghai almost 150 years ago, HSBC currently operates 133 outlets across 33 branch offices in mainland China. After the Ping An stake sale it will retain minority investments in several Chinese lenders, including a 19.9 percent stake in the Bank of Communications that is worth around $10 billion at current share prices, a stake in Industrial Bank, a midtier institution based in Fujian Province, and an 8 percent stake in the Bank of Shanghai.

The two-part Ping An transaction will see Charoen Pokphand, a conglomerate with businesses ranging from distribution of agricultural products like fresh eggs to operating one of the world’s biggest chains of 7-11 convenience stores, purchase 1.2 billion Ping An shares from HSBC at a price of 59 Hong Kong dollars ($7.61) apiece.

HSBC said it would transfer 21 percent of the shares to the Thai group on Friday. The sale of the remaining 79 percent of the shares at the same price is being financed partly with cash and partly by a loan from the China Development Bank to Charoen Pokphand, and the transfer of those shares is expected to be completed by Jan. 7, contingent on receiving approval from the China Insurance Regulatory Commission.

Shares in Ping An rose 4 percent to 60 Hong Kong dollars in late morning trading in Hong Kong on Wednesday following the announcement — exceeding the stake sale price by 1 dollar in a sign investors are confident the transaction will go ahead. Shares in HSBC rose 1 percent to 79.50 Hong Kong dollars by late morning, and are up around 35 percent in the year to date.

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With Some Hospitals Closed After Hurricane Sandy, Others Pick Up Slack

A month after Hurricane Sandy struck New York City, unexpectedly shutting down several hospitals, one Upper East Side medical center had so many more emergency room patients than usual that it was parking them in its lobby.

White and blue plastic screens had been set up between the front door and the elevator banks in the East 68th Street building of that hospital, NewYork-Presbyterian/Weill Cornell. The screens shielded 10 gurneys and an improvised nursing station from the view of people obliviously walking in and out of the soaring, light-filled atrium.

“It’s like a World War II ward,” Teri Daniels, who had been waiting a day and a half with a relative who needed to be admitted, said last week.

Since the storm, a number of New York City hospitals have been scrambling to deal with a sharp increase in patients, forcing them to add shifts of doctors and nurses on overtime, to convert offices and lobbies to use for patients’ care, and even, in one case, to go to a local furniture store to buy extra beds.

At Beth Israel Medical Center, 11 blocks south of the Bellevue Hospital Center emergency room, which was shuttered because of storm damage, the average number of visits to the E.R. per day has risen to record levels. Visits have increased by 24 percent this November compared with last, and the numbers show no sign of dropping. Hospital admissions have risen 12 percent compared with last November.

Most of the rise in volume is from patients who had never been to Beth Israel before. An emergency room doctor at the hospital described treating one patient who said he had been born at Bellevue and had never before gone anywhere else.

Emergency room visits have gone up 25 percent at NewYork-Presybterian/Weill Cornell, which in Bellevue’s absence is the closest high-level trauma center — treating stab wounds, gun wounds, people hit by cars and the like — in Manhattan from 68th Street south. Stretchers holding patients have been lined up like train cars around the nursing station and double-parked in front of stretcher bays.

In Brooklyn, some patients in Maimonides Medical Center’s emergency room who need to be admitted are waiting two or three days for a bed upstairs, instead of four or five hours. Almost every one of the additional 1,100 emergency patients this November compared with last November came from four ZIP codes affected by the storm and served by Coney Island Hospital, a public hospital that was closed because of storm damage.

The number of psychiatric emergency patients from those same ZIP codes has tripled, in a surge that began three days before the hurricane, perhaps fueled by anxiety, as well as by displacement from flooded adult homes or programs at Coney Island Hospital, doctors said.

The Maimonides psychiatric emergency room bought five captain’s beds — which do not have railings that can be used for suicide attempts — at a local furniture store, to accommodate extra patients. The regular emergency room had to buy 27 new stretchers after the hurricane, “and we probably need a few more,” the department’s chief, Dr. John Marshall, said.

The emergency room and inpatient operations of four hospitals remain closed because of flooding and storm damage. Besides Bellevue and Coney Island, NYU Langone Medical Center and the VA New York Harbor Healthcare System, both near Bellevue on the East Side of Manhattan, are closed.

While the surge in traffic to other hospitals has been a burden, it has also been a boon, bringing more revenue.

On the Upper East Side, the storm has helped Lenox Hill Hospital, which has a history of financial problems. It took two or three wards that had been turned into offices and converted them back to space for patients. Emergency room visits are up 10 percent, and surgery has been expanded to seven days a week from five.

“We usually operate at slightly over 300 beds, and now we’re at well over 550,” Carleigh Gustafson, director of emergency nursing, said.

Conversely, administrators at the shuttered hospitals, especially NYU Langone, a major teaching center, worry that their patients and doctors are being raided, with some never to return.

NYU’s salaried doctors are being paid through January, on the condition that they do not take another job. But at the same time, they need a place to practice, so NYU administrators have been arranging for them to work as far away as New Jersey until the hospital reopens. Lenox Hill alone has taken on close to 300 NYU doctors, about 600 nurses, and about 150 doctors in training, fellows and medical students.

Obstetricians and surgeons from the closed hospitals have been particularly disadvantaged, since they are dependent on hospitals to treat their patients. Many displaced surgeons have been reduced to treating only the most desperately ill, and operating on nights and weekends, when hospitals tend to be least well staffed.

“I think there’s no question that a lot of people have postponed anything that they can postpone that is elective,” said Dr. Andrew W. Brotman, senior vice president at NYU.

In mid-November, Dr. Michael L. Brodman, chairman of obstetrics at Mount Sinai Medical Center, sent out a memo saying his department had taken on 26 NYU physicians, as well as nurses and residents, but “clearly, that is too much for us to handle long term.”

Since then, 15 of the physicians have gone to New York Downtown Hospital, while Mount Sinai has retained 11 doctors and 26 nurses.

“We are guests in other people’s homes,” Dr. Brotman of NYU said, “and we are guests who have to some degree overstayed their welcome.”

Joanna Walters contributed reporting.

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Larissa Journal: Greek Brothel Owner Rescues Larissa Soccer Club

Angelos Tzortzinis for The New York Times

Ms. Alevridou's support of Voukefalas has caused an uproar.

LARISSA, Greece — Her soccer club looked ragged. Strikers jumped up for headers only to miss the ball entirely. Players tumbled over one another, shouting out accusations that they had been fouled.

But in the bleachers, Soula Alevridou, or “Madam Soula,” as she is known in these parts, watched intently, a petite woman in a man’s tie smoking ultra thin cigarettes.

“Keep in mind that the home team is very good,” she said, explaining the difficulties that her team, Voukefalas, was having.

Madam Soula, a former prostitute and now, at the age of 67, the owner of two luxury brothels here in Larissa, stepped in this fall to sponsor Voukefalas, a small amateur soccer team that like many others in Greece was having trouble coming up with the cash for uniforms, equipment and playing field fees.

She considers her support a natural thing to do, maybe even a patriotic gesture, because her debt-mired country is in so much trouble that many of life’s extras, like amateur sports, are becoming out of reach.

“A friend asked and I said, ‘I am here,’ ” she said.

But local officials in this once-rich farming area are hardly thanking her for her efforts. In fact, her gift of about $1,300 so far, in part to buy bubble-gum pink training outfits — has caused something of an uproar as officials debate the appropriateness of having a brothel owner step in, even if it is to make up for a bankrupt state and an economy that leaves few businesses with the cash to help young men play sports.

In an interview, Larissa’s mayor, Konstantinos Tzanakoulis, pointedly ignored questions about the matter. And the Larissa soccer league recently informed Voukefalas that team equipment bearing the name of Madam Soula’s brothels — Villa Erotica and House of the Era — would not be tolerated, though brothels are legal in Greece. The league warned that any infraction, not only in games but also during “training, warm-ups, interviews and friendly matches,” would land the team in disciplinary hearings for “defamation of the sport.”

The team’s president, Ioannis Batziolas, 29, a backup goalie, calls the league’s decision hypocritical, and points out that Greece’s professional soccer championship is sponsored by the state-owned lottery and betting company OPAP, which is soon to be privatized. “What is the better idea to promote?” he asks. “Gambling or sex?”

For a time, this city of 200,000 at the foot of Mount Olympus seemed to be weathering the Greek crisis better than most. But the years of recession are piling up and most businesses are suffering. Unemployment is over 20 percent, higher among young people.

Madam Soula said her business had been hurt, too. But not that much. Customers sometimes even fly in from Britain, she said, drawn by Internet ads.

Mr. Batziolas said he looked everywhere for team sponsors, but found nothing until Madam Soula came forward. His own travel agency, L.A. Travel, provided most of the money last year. But it just could not afford to any longer, he said. On top of that, he has not seen the government’s share of support in several years. “They owe me thousands,” he said.

Mr. Tzanakoulis, who has been mayor here for more than a decade, says that the municipality is continuing to support sports, but that the central government has not been delivering, which leaves a great need.

“Sports are important for young men,” he said. “It is a good activity that keeps them out of trouble.” But that is all he will say on the subject of Voukefalas (the team is named after Alexander the Great’s horse) and the team’s new sponsor.

Voukefalas is not the only team to have been creative in looking for sponsors. Another soccer team got a funeral home to act as a sponsor and for a while wore black T-shirts with white crosses. But league officials did not like that either.

Madam Soula tries to shrug off the hullabaloo over her sponsorship. “Do they have anyone else to give them the money?” she asks.

Dimitris Bounias contributed reporting.

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‘The Daily’ doomed by dull content and isolation

LOS ANGELES (AP) — It was too expensive. It lacked editorial focus. And for a digital publication, it was strangely cut off from the Internet. That’s the obituary being written in real time through posts, tweets and online chats about The Daily, the first-of-its-kind iPad newspaper that is being shut down this month.

Rupert Murdoch‘s News Corp. said Monday that The Daily will publish its final issue on Dec. 15, less than two years after its January 2011 launch. The app has already been removed from Apple’s iTunes, where it once received lukewarm ratings.

The Daily had roughly 100,000 subscribers who paid either 99 cents a week or $ 40 a year for its daily download of journalism tailored for touch screens. But that wasn’t enough to sustain some 100 employees and millions of dollars in losses since its launch. At the time of its debut, News Corp. said The Daily’s operating costs would amount to about half a million dollars a week, or around $ 26 million a year.

When News Corp. launched The Daily, it was touted as a bold experiment in new media. The company hired top-name journalists from other publications, such as the New York Post’s former Page Six editor, Richard Johnson, and said it poured $ 30 million into the newspaper’s launch. Now, the company is acknowledging that The Daily no longer has a place at News Corp., which is being split in two to separate its publishing enterprises from its TV and movie businesses.

Murdoch said in a statement that News Corp. “could not find a large enough audience quickly enough to convince us the business model was sustainable in the long-term.” Some employees are being hired in other parts of the company.

Critics say The Daily’s day-to-day mix of news, opinion and info-graphics wasn’t that different from content available for free on the Internet. And despite a high-profile launch that drew lots of media attention, the publication failed to build a distinctive brand. There was no ad campaign touting its coverage and stories weren’t accessible to non-subscribers, so it didn’t benefit from buzz that comes from social networks like Twitter and Facebook.

Trevor Butterworth, who wrote a weekly column for The Daily called “The Information Society,” says the disconnect between the app and the broader Internet curtailed its reach. He was laid off in July when the publication shrank from 170 workers to about 120. As part of the purge, The Daily cut its dedicated opinion section and dropped sports coverage in favor of using a feed from its News Corp. sister outfit, Fox Sports.

“Stories weren’t widely shared or widely known,” says Butterworth. “It felt like I was writing into the void.”

When it launched, The Daily was meant to take advantage of the explosion of tablet computer sales, and the notion that people generally read on them in the morning or evening, like a magazine.

But each issue came in a giant file — sometimes 1 gigabyte large — and took 10 or 15 minutes to download over a broadband connection, which is unheard of for news apps, says Matt Haughey, the founder of MetaFilter.com, one of the first community blogs on the Internet.

Because the stories weren’t linkable, The Daily didn’t benefit from new Internet traffic that would have come from content aggregators like Flipboard and Tumblr.

“They ignored the obvious, which was the Web,” Haughey says. Although many people are foregoing buying a laptop for the lightweight convenience of a tablet, the day hasn’t arrived yet when all online access will come through apps rather than the Web. “Maybe in five or 10 years, the Web will be less important,” he says. “For now it seems like they were missing out.”

It may also have been a problem that News Corp. launched The Daily from scratch into an environment where readers tend to gravitate toward trusted sources and established brands. According to a 2011 Pew Research Center survey, 84 percent of mobile device users said a news app’s brand was a major factor in deciding whether to download it.

One of the intangible challenges The Daily had was standing out in a sea of online journalism, both paid and free. Some national newspapers, such as The New York Times and The Wall Street Journal, have carved out a niche with informed coverage of sometimes complex topics and have gained paying digital subscribers by limiting the number of free articles they offer online.

Gannett Co., which publishes USA Today and about 80 other newspapers, has succeeded in raising circulation revenue at local papers by putting up so-called online “pay walls,” taking advantage of the fact that there are few alternative sources of coverage for certain communities.

Without a unique coverage niche or a local monopoly, The Daily was caught between two worlds.

By being digital-only, the publication didn’t have a defined coverage area. It was “in competition with everybody and everything,” says Joshua Benton, director of the Nieman Journalism Lab at Harvard University. Yet it failed to carve out its own niche in that larger universe, he says.

“Its lack of editorial focus played a role,” Benton notes. “It was sort of a pleasant, middle-brow, slightly tabloidy mix of news and features. And there’s lots of that available for free online. I would imagine if ‘The Daily’ were starting again now, they would invest more in establishing their brand identity early on.”

Gadgets News Headlines – Yahoo! News

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RG3, Redskins closing in on Giants with 17-16 win

LANDOVER, Md. (AP) — Robert Griffin III threw for one touchdown and had a fumble turn into another score, and the Washington Redskins pulled within one game of the NFC East lead with a 17-16 win over the New York Giants on Monday night.

The Redskins improved to 6-6 with their third straight victory, tied with the Dallas Cowboys and on the heels of the Giants, who have lost three of four to fall to 7-5.

Griffin completed 13 of 21 passes for 163 yards and ran five times for 72 yards, breaking Cam Newton's NFL record for yards rushing by a rookie quarterback.

Griffin lost the ball on one of his runs, but it flew into the arms of teammate Joshua Morgan, who ran it in for an early touchdown.

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Deficit Talks Stumble Over Down Payment

Alex Wong/Getty Images

Senator Kent Conrad in Washington last month. He sees “confusion between the initial down payment and the framework.”

WASHINGTON — For all the growing angst over the state of negotiations to head off a fiscal crisis in January, the parties are farthest apart on a relatively small part of the overall deficit reduction program — the down payment.

President Obama and the House speaker, John A. Boehner, are in general agreement that the relevant Congressional committees must sit down next year and work out changes to the tax code and entitlement programs to save well more than $1 trillion over the next decade.

But before that work begins, both men want Congress to approve a first installment on deficit reduction in the coming weeks. The installment would replace the automatic spending cuts and tax increases that make up the “fiscal cliff,” while signaling Washington’s seriousness about getting its fiscal house in order. That is where the chasm lies in size and scope.

Mr. Obama says the down payment should be large and made up almost completely of tax increases on top incomes, partly because he and Congressional leaders last year agreed on some spending cuts over the next decade but have yet to agree on any tax increases.

Republicans have countered by arguing for a smaller down payment that must include immediate savings from Medicare and other social programs. Republicans, using almost mirror-image language, have said that they do not want to agree to specific tax increases and vague promises of future spending cuts.

Senator Kent Conrad of North Dakota, chairman of the Budget Committee and part of a bipartisan “Gang of Six” senators who devised the two-stage process, said: “I think there’s a lot of confusion between the initial down payment and the framework. That’s for sure.”

The two biggest areas of dispute are tax increases and the big government health insurance programs, Medicare and Medicaid. On the health programs, neither side believes Congress could meaningfully overhaul them in the four weeks that remain before the fiscal deadline.

“Entitlement reform is a big step, and it affects tens of millions of people,” said Senator Richard J. Durbin, Democrat of Illinois, another architect of the two-stage framework. “It’s not just a matter of cutting spending in an appropriation. It’s changing policy. And that’s why I was reluctant to include it in the down-payment conversation. I want this to be a thoughtful effort on both sides that doesn’t jeopardize this program.”

But Republicans say that it is possible to make some initial changes to the programs in coming weeks. “There are simpler things that can be done,” said Senator Michael D. Crapo, Republican of Idaho and another Gang of Six member. “The real structural changes would come later.”

Mr. Crapo said Congress could agree on some additional cuts to health care providers and change the way inflation is calculated to slow not only automatic increases in Medicare and Social Security benefits, but also the annual rise in tax brackets.

Democrats instead argue that the down payment should consist of a combination of tax increases and cuts to programs outside Medicare, Medicaid and Social Security, like farm programs. Mr. Obama has pushed for a return to the top tax rates under President Bill Clinton.

Republican leaders have said that they are willing to raise new tax revenues — albeit not as much as Democrats want — but Republicans want taxes to rise by closing loopholes and curbing tax deductions and credits.

If the two sides are able to come to an agreement on the down payment, it would also likely fix targets for larger savings in the tax code and entitlement programs. The White House and Congress would then spend much of the next year trying to hash out the specific policy changes needed to hit those targets.

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Call That Kept Nursing Home Patients in Sandy’s Path

Chang W. Lee/The New York Times

Workers were shocked that nursing and adult homes in areas like Rockaway Park, Queens, weren’t evacuated.

Hurricane Sandy was swirling northward, four days before landfall, and at the Sea Crest Health Care Center, a nursing home overlooking the Coney Island Boardwalk in Brooklyn, workers were gathering medicines and other supplies as they prepared to evacuate.

Then the call came from health officials: Mayor Michael R. Bloomberg, acting on the advice of his aides and those of Gov. Andrew M. Cuomo, recommended that nursing homes and adult homes stay put. The 305 residents would ride out the storm.

The same advisory also took administrators by surprise at the Ocean Promenade nursing home, which faces the Atlantic Ocean in Queens. They canceled plans to move 105 residents to safety.

“No one gets why we weren’t evacuated,” said a worker there, Yisroel Tabi. “We wouldn’t have exposed ourselves to dealing with that situation.”

The recommendation that thousands of elderly, disabled and mentally ill residents remain in more than 40 nursing homes and adult homes in flood-prone areas of New York City had calamitous consequences.

At least 29 facilities in Queens and Brooklyn were severely flooded. Generators failed or were absent. Buildings were plunged into a cold, wet darkness, with no access to power, water, heat and food.

While no immediate deaths were reported, it took at least three days for the Fire Department, the National Guard and ambulance crews from around the country to rescue over 4,000 nursing home and 1,500 adult home residents. Without working elevators, many had to be carried down slippery stairwells.

“I was shocked,” said Greg Levow, who works for an ambulance service and helped rescue residents at Queens. “I couldn’t understand why they were there in the first place.”

Many sat for hours in ambulances and buses before being transported to safety through sand drifts and debris-filled floodwaters. They went to crowded shelters and nursing homes as far away as Albany, where for days, they often lacked medical charts and medications. Families struggled to locate relatives.

The decision not to empty the nursing homes and adult homes in the mandatory evacuation area was one of the most questionable by the authorities during Hurricane Sandy. And an investigation by The New York Times found that the impact was worsened by missteps that officials made in not ensuring that these facilities could protect residents.

They did not require that nursing homes maintain backup generators that could withstand flooding. They did not ensure that health care administrators could adequately communicate with government agencies during and after a storm. And they discounted the more severe of the early predictions about Hurricane Sandy’s surge.

The Times’s investigation was based on interviews with officials, health care administrators, doctors, nurses, ambulance medics, residents, family members and disaster experts. It included a review of internal State Health Department status reports. The findings revealed the striking vulnerability of the city’s nursing and adult homes.

On Sunday, Oct. 28, the day before Hurricane Sandy arrived, Mr. Bloomberg ordered a mandatory evacuation in Zone A, the low-lying neighborhoods of the city. But by that point, Mr. Bloomberg, relying on the advice of the city and state health commissioners, had already determined that people in nursing homes and adult homes should not leave, officials said.

The mayor’s recommendations that health care facilities not evacuate startled residents of Surf Manor adult home in Coney Island, said one of them, Norman Bloomfield. He recalled that another resident exclaimed, “What about us! Why’s he telling us to stay?”

The commissioners made the recommendation to Mr. Bloomberg and Mr. Cuomo because they said they believed that the inherent risks of transporting the residents outweighed the potential dangers from the storm.

In interviews, senior Bloomberg and Cuomo aides did not express regret for keeping the residents in place.

“I would defend all the decisions and the actions” by the health authorities involving the storm, said Linda I. Gibbs, a deputy mayor. “I feel like I’m describing something that was a remarkable, lifesaving event.”

Dr. Nirav R. Shah, the state health commissioner, who regulates nursing homes, said: “I’m not even thinking of second-guessing the decisions.”

Still, officials in New Jersey and in Nassau County adopted a different policy, evacuating nursing homes in coastal areas well before the storm.

Contradictory Forecasts

The city’s experience with Tropical Storm Irene last year weighed heavily on state and city health officials and contributed to their underestimating the impact of Hurricane Sandy, according to records and interviews.

Before Tropical Storm Irene, the officials ordered nursing homes and adult homes to evacuate. The storm caused relatively minor damage, but the evacuation led to millions of dollars in health care, transportation, housing and other costs, and took a toll on residents.

As a result, when Hurricane Sandy loomed, the officials were acutely aware that they could come under criticism if they ordered another evacuation that proved unnecessary.

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Carbon Dioxide Emissions Hit Record in 2011, Researchers Say

Global emissions of carbon dioxide were at a record high in 2011 and are likely to take a similar jump in 2012, scientists reported Sunday — the latest indication that efforts to limit such emissions are failing.

Emissions continue to grow so rapidly that an international goal of limiting the ultimate warming of the planet to 3.6 degrees Fahrenheit, established three years ago, is on the verge of becoming unattainable, said researchers affiliated with the Global Carbon Project.

Josep G. Canadell, a scientist in Australia who leads that tracking program, said Sunday in a statement that salvaging the goal, if it can be done at all, “requires an immediate, large and sustained global mitigation effort.”

Yet nations around the world, despite a formal treaty pledging to limit warming — and 20 years of negotiations aimed at putting it into effect — have shown little appetite for the kinds of controls required to accomplish those stated aims.

Delegates from nearly 200 nations are meeting in Doha, Qatar, for the latest round of talks under the treaty, the United Nations Framework Convention on Climate Change. Their agenda is modest this year, with no new emissions targets and little progress expected on a protocol that is supposed to be concluded in 2015 and take effect in 2020.

Christiana Figueres, the executive secretary of the climate convention, said the global negotiations were necessary, but were not sufficient.

“We won’t get an international agreement until enough domestic legislation and action are in place to begin to have an effect,” she said in an interview. “Governments have to find ways in which action on the ground can be accelerated and taken to a higher level, because that is absolutely needed.”

The new figures show that emissions are falling, slowly, in some of the most advanced countries, including the United States. That apparently reflects a combination of economic weakness, the transfer of some manufacturing to developing countries and conscious efforts to limit emissions, like the renewable power targets that many American states have set. The boom in the natural gas supply from hydraulic fracturing is also a factor, since natural gas is supplanting coal at many power stations, leading to lower emissions.

But the decline of emissions in the developed countries is more than matched by continued growth in developing countries like China and India, the new figures show. Coal, the dirtiest and most carbon-intensive fossil fuel, is growing fastest, with coal-related emissions leaping more than 5 percent in 2011, compared with the previous year.

“If we’re going to run the world on coal, we’re in deep trouble,” said Gregg H. Marland, a scientist at Appalachian State University who has tracked emissions for decades.

Over all, global emissions jumped 3 percent in 2011 and are expected to jump 2.6 percent in 2012, researchers reported in two papers released by scientific journals on Sunday. It has become routine to set new emissions records each year, although the global economic crisis led to a brief decline in 2009.

The level of carbon dioxide, the most important heat-trapping gas in the atmosphere, has increased about 41 percent since the beginning of the Industrial Revolution, and scientists fear it could double or triple before emissions are brought under control. The temperature of the planet has already increased about 1.5 degrees Fahrenheit since 1850.

Further increases in carbon dioxide are likely to have a profound effect on climate, scientists say, leading to higher seas and greater coastal flooding, more intense weather disasters like droughts and heat waves, and an extreme acidification of the ocean. Many experts believe the effects are already being seen, but they are projected to worsen.

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Notre Dame vs. Alabama: Star power, power football

NEW YORK (AP) — On one side, a blossoming dynasty from the college football capital of the Deep South. On the other, the sport's most famous team, trying to reclaim its place among the elite.

Notre Dame and Alabama bring star power and power football to the BCS championship.

The matchup became official Sunday night when the final standings were released and, to no one's surprise, the Fighting Irish were first and the Crimson Tide was second.

The one bit of drama on college football's selection Sunday was whether Northern Illinois could be this year's BCS buster. The Huskies got in, getting a spot in the Orange Bowl against Florida State, taking a bid away from Oklahoma and sparking heated debate about a system that never fails to tick off fans in some way.

The other BCS matchups:

— Oregon and Kansas State will play in the Fiesta Bowl.

— Wisconsin and Stanford will meet in the Rose Bowl.

— Florida and Louisville are set for the Sugar Bowl.

As for the main event in the penultimate Bowl Championship Series, there was little controversy about No. 1 Notre Dame against No. 2 Alabama in Miami.

"The tradition of Alabama and Notre Dame brings special attention to it, but we're just trying to the best team on Monday, Jan. 7," Notre Dame coach Brian Kelly said Sunday night. "All of that tradition, what's happened in the past, is not going to help us Jan. 7, but we do respect the traditions."

The Irish clinched their spot a week ago in Los Angeles by completing a perfect season against rival Southern California.

Alabama earned its spot Saturday, beating Georgia 32-28 in a thrilling Southeastern Conference title game.

The program that coach Paul Bryant turned into an SEC behemoth in the 1960s and 70s, winning five national championships and sharing another during his tenure, is again dominating college football with a modern-day version of the Bear leading the way in Tuscaloosa, Ala.

Coach Nick Saban and the Crimson Tide are on the verge of one of the great runs in history. Alabama would become the first team to repeat as champs since the BCS was implemented in 1998, and it would be the 11th time a team has won consecutive AP titles since the poll started in 1936. Alabama is already one of seven programs to repeat. The Tide has done it twice. Notre Dame is another.

Alabama also won the 2009 BCS championship under Saban. The last team to win three major national titles in four seasons was Nebraska, which went back-to-back in 1994 and '95 and finished No. 1 in the final coaches' poll in 1997.

In a world full of spread-the-field, hurry-up offenses, Alabama is a bastion of traditional football.

The Tide put its no-frills muscle on display Saturday, mashing Georgia with 350 yards rushing.

Eddie Lacy, listed at a conservative 220 pounds, went for 181 against the Bulldogs to up his season total to 1,182 with 17 touchdowns. Freshman T.J. Yeldon has run for 1,000 yards and scored 12 touchdowns.

But this is no 3 yards and a cloud of dust. Both backs average over 6 yards per carry, behind an offensive line anchored by All-American center Barrett Jones, who is nursing a foot injury.

And quarterback AJ McCarron has thrown for 26 touchdowns with only three interceptions.

The Tide has been more potent offensively this season than last to make up for a defense that has slipped, but only a bit. Alabama leads the nation in total defense (246 yards per game) and is second in points allowed (10.7 per game). Linebackers Adrian Hubbard, Nico Johnson, CJ Mosley and Trey Depriest average 242 pounds.

When Brian Kelly was hired at Notre Dame three years ago, he looked at Alabama and the SEC, which has won six straight BCS titles, and decided the Irish needed to play like that.

Kelly built his reputation and winning teams at previous stops on fast-paced spread offenses. In South Bend, Ind., he has put the fight back in the Irish, who have won eight AP national titles — only Alabama has as many — but none since 1988.

Notre Dame has allowed the fewest touchdowns in the country (10) and is sixth overall in total defense (286 yards per game).

"It's clear that the formation of any great program is going to be on its defense," Kelly said. "If you play great defense you've got a chance. For us to move Notre Dame back into national prominence we had to develop a defense."

The face of the Irish isn't a strong-armed quarterback or speedy ball carrier. It's middle linebacker Manti Te'o, a 255-pound offense wrecker with a nose for the ball. The senior has seven interceptions and is a likely Heisman finalist.

Te'o, along with 300-pound linemen Stephon Tuitt and Louis Nix, have formed a red-zone wall for the Irish. Late goal-line stands highlighted victories against Stanford and USC.

"There's some pretty physical guys that have some great toughness and some great licks," Saban said in assessing Notre Dame.

While nurturing redshirt freshman Everett Golson, Kelly has leaned on Notre Dame's running game, which averages 202 yards.

"This is just a good all-around football team with tremendous balance on offense and a very physical defense," Saban said.

If Notre Dame, making its first appearance in a BCS championship, is going to break the SEC's strangle hold on the crystal ball trophy, the Irish will try to beat 'Bama at its own game.

And Kelly will try to uphold a Notre Dame tradition, by winning a national title in his third season as coach. Frank Leahy, Ara Parseghian, Dan Devine and Lou Holtz all won it all in Year 3 playing in the shadow of the Golden Dome.

Notre Dame will try to become the first team since BYU in 1984 to start the season unranked and win a national title.

Expect plenty of fans to be watching. With the popularity of both programs, the second-to-last BCS title game is expected to be the highest rated ever. Though it might be hard for many fans to choose. While there are plenty of fans tired of watching the SEC win championships, Notre Dame has always been the program people love to hate.

"I don't know if we picked up any more fans along the way," Kelly said.

In two years, college football switches to a four-team playoff to determine its champion. No doubt fans of Florida (11-1), Oregon (11-1), Stanford (11-2) and Kansas State (11-1) wish they could push the start date up on that, but for the most part there isn't much griping about this championship matchup.

Notre Dame is the only undefeated team that is eligible — thanks to Ohio State's NCAA sanctions — and Alabama is the champion of the league that has produced the last half-dozen national champs.

Roll Tide or return to glory? To be determined in South Florida.

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AP Sports Writer Tim Reynolds contributed to this report.

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Follow Ralph D. Russo at www.Twitter.com/ralphdrussoap

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Disruptions: Silencing the Voices of Militants on Twitter

Twitter, perhaps more than any other social media outlet, has become one of the most powerful tools to promote democracy in the Middle East.

The service, which helped Arab Spring protesters in their drive for a new order in the region, is now under attack over aiding and abetting terrorist organizations.

Along with six other Republican lawmakers, Representative Ted Poe, a judge turned Texas Congressman, sent a letter to the F.B.I., demanding that Twitter ban two militant groups, Hamas and Hezbollah, that are on the State Department’s list of terrorist organizations. “Failure to block access arms them with the ability to freely spread their violent propaganda and mobilize in their war on Israel,” he said in a statement to news outlets, adding: “The F.B.I. and Twitter must recognize sooner rather than later that social media is a tool for the terrorists.”

The demand is based on laws saying that any person or group offering material support — contributing cash, weapons and other tangible aid, including “service” and “expert advice or assistance” — to terrorist organizations is essentially working with them.

But some might argue that running AK-47s and rocket launchers to terrorists, and using Twitter, which allows groups to post 140-character missives online, are two very different things.

In a phone interview, Mr. Poe was adamant that Twitter had a responsibility to take down the accounts. By having a voice on the site, he said, they “are amassing more followers and threatening the security of the United States.”

“We freeze terrorist organizations’ bank accounts, and we ought to freeze their Twitter accounts, too,” he said.

But civil liberties lawyers are wary of such actions. “The problem here is the process by which the government decides to classify a terrorist organization,” said Michael C. Dorf, a constitutional law professor at Cornell.

The material-support provision has been used to convict about 75 people in the United States, but it remains a contentious issue right up to the Supreme Court.

“The more immediate set of concerns is that not everything these groups do is terrorism, and there are people whose speech could be restricted by some of these laws,” Professor Dorf said, adding that people associated with Hamas who offer aid and education to Palestinians would be silenced, too. “So it’s hardly a slam dunk to say that the statute covers Twitter or Facebook.”

Although the letter to the F.B.I. was sent in September, the request gained more attention in recent weeks as fighting escalated in Gaza. After Israel killed Hamas’s top military commander, Hamas unleashed an increased barrage of missiles. Both Hamas and a press officer for the Israel Defense Forces posted to Twitter to describe the strike as it unfolded.

Israel has also used other social networks: it has shared videos on YouTube, updated its Facebook status to say which members of Hamas it had killed, and in the most bizarre move, created mood boards on Pinterest to show off its troops and weapons. Banning Hamas or Hezbollah on Twitter could set a broad precedent.

For civil libertarians, any move to remove Hamas and Hezbollah from Twitter raises concerns.

“I think it’s as contrary to the First Amendment as openness is the enemy to extremism and fundamentalism,” said Jonathan Zittrain, a professor at Harvard Law School and a founder of the Berkman Center for Internet and Society. “The F.B.I. is going to learn more about Hamas and any organizations, by having them operate in an open environment, than if its voice is driven to proxies and underground backchannels, which would inevitably happen immediately.”

Hamas and other groups don’t fall under the Constitution of the United States. for many of the countries in the Middle East, Twitter is the closest thing to a democracy that gives people a voice, even if it’s one that we don’t always agree with.

E-mail: bilton@nytimes.com

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