ARTIKEL CAMPURAN

Thursday, July 2, 2009

Lyon accept Real Madrid offer for Benzema

Lyon have accepted an offer of approximately 35 million euros ($50m) from Real Madrid for 21-year-old French international striker Karim Benzema. Benzema will become Real Madrid's fourth signing of the summer, taking their spending to 200m euros.

Benzema will become Real Madrid's fourth signing of the summer, taking their spending to 200m euros.

The French side confirmed on their official Web site that the fee, which could rise to 41 million euros with performancer clauses, has been agreed and the player now has permission to discuss personal terms with the Spanish giants.

A statement read: "Lyon announce they have reached an agreement with Real Madrid on the details of the transfer of their international striker Karim Benzema.

"A few days ago Karim Benzema informed club president Jean Michel Aulas of his desire to move to the Madrid club, which has been his favorite club after Lyon, earlier than he had foreseen.

"The player wanted to seize the opportunity which Real Madrid offered him to be one of the major elements in their new ambitious project based around the greatest players of the world.

"Lyon accepted Karim Benzema's decision and negotiated the conditions of a transfer which satisfies all the different parties. The club wishes Karim the greatest success with Real Madrid."

Spanish radio station Cadena Ser said Benzema will sign a six-year contract to become Madrid's fourth signing of the summer after Kaka, Cristiano Ronaldo and Valencia defender Raul Albiol.

Real had been looking for a striker all summer and set their sights on Benzema, on the recommendation of Zinedine Zidane, when a deal to sign David Villa collapsed.

Benzema came through the ranks with Lyon and burst onto the scene in the 2007-08 season with 31 goals in 51 games, a streak that saw him named Ligue One player of the year as well as topping the league's scoring charts.

The last campaign was less impressive for both club and player, as Lyon failed to win the French title for the first time in eight years, but Benzema nevertheless scored 23 goals in all competitions -- an average of a goal every other game.

The deal will take Madrid's summer spending to over 200 million euros since Florentino Perez returned as club president.
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Man United sign Valencia to replace Ronaldo

Manchester United have made their first signing of the summer after confirming a deal has been done for Wigan Athletic winger Antonio Valencia. Ecuador winger Valencia moves to Manchester United as a replacement for Real Madrid-bound Cristiano Ronaldo.

Ecuador winger Valencia moves to Manchester United as a replacement for Real Madrid-bound Cristiano Ronaldo.

The 23-year-old Ecuador international has signed a four-year contract after moving for an undisclosed fee, believed to be in the region of £16 million ($23 million).

Valencia is expected to help fill the void left by Cristiano Ronaldo following the Portuguese winger's impending 80 million euros ($130 million) move to Real Madrid.

"Joining Manchester United is a dream come true for me," Valencia told the club's official Web site.

"I have enjoyed my time at Wigan, but I am thrilled to have the chance to challenge for the biggest honors in club football here.

"Playing in front of 76,000 fans alongside players like Wayne Rooney, Rio Ferdinand and Ryan Giggs will be an amazing experience. I can't wait to get started with the club.

"I hope the fans at Wigan can understand that I am an ambitious guy and a chance like this might never come again for me," added Valencia, who will be 24 next month.

"I am happy that the club has benefited from the move financially because I owe them such a lot. I have had a great time here."

United manager Sir Alex Ferguson admitted he had tracked Valencia's progress since his arrival at Wigan two seasons ago.

"Antonio is a player we have admired for some time now, having spent the last two years in the Premier League with Wigan," he said.

"I am sure his pace and ability will make a significant contribution to the team."

The first Ecuadorian to play for United will make his debut for the Premier League champions on a four-match tour of Asia next month, before the Red Devils head for a four-team tournament in Munich.
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Honduran Military Says Ouster Was No Coup

TEGUCIGALPA, Honduras—Flipping through a stack of legal opinions and holding up a detention order signed by a Supreme Court judge, the chief lawyer of the Honduran armed forces insisted that what soldiers carried out over the weekend when they detained President Manuel Zelaya was no coup d’état.

“A coup is a political move,” the lawyer, Col. Herberth Bayardo Inestroza Membreño, said Tuesday night in an interview. “It requires the armed forces to assume power over the country, which didn’t happen, and it has to break the rule of law, which didn’t happen either.”

Governments around the world have decided differently, labeling Mr. Zelaya’s removal an illegal act and calling for his prompt return to power. On Monday, the day after the coup, President Obama said: “We believe that the coup was not legal and that President Zelaya remains the president of Honduras, the democratically elected president there.”

Colonel Bayardo, dressed in green camouflage and wearing a blue beret, described a behind-the-scenes struggle between the armed forces and Mr. Zelaya that played out over the weeks before the decision to grab the president from his home, shuttle him to a military base and fly him out of the country.

The army had resisted participating in a nonbinding referendum on constitutional changes that Mr. Zelaya continued to push after both Congress and the courts had labeled the president’s move unconstitutional. Army lawyers were convinced that Mr. Zelaya was moving to lift a provision limiting presidents to a single term in office, Colonel Bayardo said.

When the army refused an order to help organize the referendum, the president fired the commander of the armed forces, Gen. Romeo Vásquez. He was reinstated by the Supreme Court, which found his removal illegal.

The detention order, signed June 26 by a Supreme Court judge, ordered the armed forces to detain the president, identified by his full name of José Manuel Zelaya Rosales, at his home in the Tres Caminos area of the capital. It accused him of treason and abuse of authority, among other charges.

“It was a clean operation,” Colonel Bayardo said, dismissing Mr. Zelaya’s remarks before the United Nations General Assembly on Tuesday in which he described the arrest as a brutal coup. “It was a fast operation. It was over in minutes, and there were no injuries, no deaths. We said, ‘Sir, we have a judicial order to detain you.’ We did it with respect.”

Mr. Zelaya has challenged the legality of his ouster, telling reporters at the United Nations that whatever missteps he might have made did not justify his being put on a plane and sent out of the country.

“If I do something illegal, take me to court and give me the right to a defense,” he said. “But do not use the army to kidnap the president and carry him violently out of the country.”

Colonel Bayardo defended the president’s expulsion, saying there was a last-minute decision to send him out of the country, to lower tensions and prevent violence.

Two days before Mr. Zelaya’s removal, military leaders met with Roberto Micheletti, the leader of Congress at the time and now the interim president, to discuss what was viewed as a constitutional crisis, Colonel Bayardo said. But it was not until the day before the predawn raid that everything came into place with a flurry of secret meetings involving army and civilian lawyers as well as a small group of political leaders. About 11 p.m. Saturday, the detention order reached the army’s top command, Colonel Bayardo said. It was carried out early the next morning.

Colonel Bayardo said a tight circle of people knew about the raid, and they did not include any American military or civilian leaders or other foreigners. “We had no obligation to inform the U.S.,” he said.

Ironically, Mr. Zelaya had nurtured close relations with the armed forces during his nearly three and a half years in office. “President Zelaya thought he had bought us,” Colonel Bayardo said. “He raised our salaries. He was our friend.”

But the president considered friendship to be loyalty at all costs, Colonel Bayardo contends.

“His view of friendship was different from ours,” the colonel said, vowing to carry out another arrest of Mr. Zelaya, who has pledged to return to Honduras on Thursday.
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Kaka ushers in latest Real Madrid galactico era

MADRID (AP) -Kaka ushered in Real Madrid's latest "galactico'' era as the Spanish club gave the Brazil player a rock star welcome with an unveiling in front of at least 50,000 fans on Tuesday.

After president Florentino Perez introduced Kaka for the first time since his ?65 million ($92 million) acquisition from AC Milan, the 27-year-old playmaker shook his head in delight as fans chanted his name at the Santiago Bernabeu.

"Today is a very special day for me। I'm very happy about this new step in my career at Real Madrid,'' said Kaka, who will wear the No. 8 shirt. "Viva Madrid!''

Kaka, who passed his medical earlier Tuesday, and Cristiano Ronaldo are Perez's major summer signings as he bids to make up for a season without silverware.

"There are no words for today, it's an unforgettable day,'' Kaka said through a translator. "All of this is a great honor and responsibility, and not a negative responsibility but a positive one. I hope we can win titles and many victories.''

Kaka took the stage in front of a backdrop featuring photos of iconic Madrid players Alfredo di Stefano, Raul Gonzalez, Juanito and Zinedine Zidane. Accompanied by a young fan donning the first Kaka jersey, he subsequently did a tour of one half of the 80,000-capcity stadium to sign autographs and salute to the pumped-up masses.

"He's very good,'' said 10-year-old Tony Castano, clad in a Madrid jersey. "I hope he can help the club win the league and Champions League this season.''

Hopes are high at Madrid, which failed to get past the first knockout stage of Europe's top-tier competition for the fifth straight season and lost the league to bitter rival Barcelona, which became the first Spanish club to win the treble last season.

"Madrid has everything in terms of a fascinating team. And it's always been a reference for great players,'' Kaka said. "The project is very good. I can't wait to play.''

Kaka agreed to a six-year contract with Madrid and will team up with Cristiano Ronaldo, the world player of the year who Madrid acquired for a transfer record 80 pounds (?94 million; $131 million).

"We're compatible players and I think we'll be able to play alongside without a problem,'' said Kaka, who had just helped his country to victory at the Confederations Cup in South Africa, where he was named the tournament's best player.

Kaka, whose full name is Ricardo Izecson Dos Santos, won a Champions League, Serie A, Club World Cup and two European Supercups in his six seasons at Milan, which he joined from Sao Paulo in 2003. Kaka was also a member of Brazil's World Cup-winning team in 2002.

Perez has splashed out ?237 million ($333 million) this summer - including on Valencia defender Raul Albiol - in a bid to turn the page on a season that was marred by former president Ramon Calderon's resignation over a vote-rigging scandal.

Kaka said the financial crisis made his move possible in the summer after he initially rejected a ?100 million approach from Manchester City in January.

"The doors opened to negotiations, and with the problems from the crisis there were offers, and so a decision had to be made,'' Kaka said. "If I had to leave, it was only going to be Madrid.''

Even Perez was given an ovation when he took the stage, with chants of "Florentino'' ringing out for the first time since his initial reign from 2000-06.

"We believe that this club can become the best club in the world, again,'' Perez said. "He is a unique player ... and Kaka is with us.''

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Credit card craziness

Last I checked, the economy's still in recession, unemployment is rising, and consumers are having trouble paying their bills. But you wouldn't know this from looking at what's going on in the credit card world lately.

The First National Bank of the U.S., aka Citigroup (C, Fortune 500), recently jacked up the rates on 13 million to 15 million credit cards it offers through co-branding relationships with retailers.

The move comes only a few months before new government rules are set to kick in that will make it more difficult for card issuers to raise interest rates and tack on more fees for borrowers.

Citi, which will soon be 34% owned by taxpayers, is not alone. Other big banks, including Bank of America (BAC, Fortune 500) and JPMorgan Chase (JPM, Fortune 500), have been boosting rates on cardholders ahead of the looming crackdown. Most banks have argued that the higher rates are justified because the only way they can continue to offer credit to consumers is if they are able to make a profit from doing so.

"This is an ongoing process to ensure we offer terms, interest rates, credit lines and products based on individual needs and risk profiles. These changes also reflect the dramatically higher cost of doing business in our industry as we work to preserve the broad availability of credit," said Citi spokesman Samuel Wang in a statement to CNN Wednesday about its recent rate hike.

Still, you can argue that higher interest rates for already struggling borrowers could lead to even more defaults -- which will just compound the problem for card issuers. So Citi could wind up shooting itself in the foot by raising rates.

In fact, rating agency Fitch said in a report Wednesday morning that U.S. credit card chargeoffs rose 62% in June from a year ago to a new high of 10.44%.

"U.S. consumers continue to fall behind and default on their credit cards at record rates," Fitch said in its report. The company added that even though the pace of chargeoff increases may soon slow, "actual improvements are not foreseen at this time."

That makes sense since the unemployment rate is expected to increase for some time. A general rule of thumb in the card industry is that chargeoffs tend to rise in tandem with the unemployment rate. Economists are predicting that it hit 9.6% in June -- those figures will be released by the government Thursday.

Talkback: Should the government be even tougher on credit card companies? Have you been hit with higher rates or new fees lately? Leave your comments at the bottom of this story.

Despite all this, shares of several companies with big exposure to the credit card business have surged during the past few months on hopes the worst is over for the economy.

American Express (AXP, Fortune 500) has gained back all the ground it lost in the market's January and February swoon and is now up 25% so far in 2009, making it the best performer in the Dow Jones industrial average in the just-ended first half of the year. Shares of Discover Financial Services (DFS, Fortune 500), Visa (V, Fortune 500) and Mastercard (MA, Fortune 500) are also in the black year-to-date.

The rally doesn't appear to make sense. Aren't consumers saving more and cutting back on their spending? And won't the new rate and fee restrictions take a bite out of profits?

Probably. But despite those challenges, some analysts believe that things are still looking up for credit card companies.

In a report Monday Keefe, Bruyette & Woods analysts Sanjay Sakhrani and Steven Kwok argued that credit cards "will continue to provide one of the most lucrative returns of the asset classes within banks' portfolios."

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Jackson’s net worth was $236 million in 2007


NEW YORK - Michael Jackson claimed to have a net worth of $236 million as of March 31, 2007, according to financial documents obtained by The Associated Press that shed light on the late pop star’s murky finances and prodigious borrowing.

The documents also show he had little cash on hand to finance his lavish lifestyle. They offer the clearest account yet on the state of Jackson’s financial empire, which is expected to become the focus of a legal battle between the singer’s family and creditors.

Jackson had $567.6 million in assets, including his Neverland Ranch, his share of the Sony/ATV Music Publishing catalog that includes the rights to songs by the Beatles, and an assortment of cars, antiques and collectibles, according to a statement of financial condition prepared by Washington, D.C.-based accounting firm Thompson, Cobb, Bazilio & Associates.

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Celebrity death rumors spread online

After a string of real celebrity deaths last week, the Internet and online social networks killed a few more stars.
Pop star Britney Spears was among those falsely claimed to be dead recently.

Pop star Britney Spears was among those falsely claimed to be dead recently.

Despite what you may have read, Jeff Goldblum, Natalie Portman, George Clooney, Britney Spears, Harrison Ford and Rick Astley are alive.

Fake news of their deaths flew across the Internet -- particularly on online social networks like Twitter and Facebook -- after Michael Jackson, Farrah Fawcett and Ed McMahon were reported dead.

The situation is calling attention to the changing state of the news media: As information online moves faster and comes from more sources, it's more difficult to verify what's true and what may be shockingly false.

Some have downplayed the situation, saying the rumors are not harmful. Others find the situation offensive in light of the actual deaths last week.

Internet-savvy readers can tell the difference between fake news and real information that has been verified by a trusted blogger or mainstream news reporter, said Gabriel Snyder, managing editor at Gawker, a celebrity news and gossip blog not associated with the rumors.

"It's easier than ever to publish stuff, and the human condition is a complicated thing. Some people just like to be responsible for starting something," he said, noting that the trend is not especially new.

Others say the fake deaths, or "death pranks," show an inherent problem with the decentralization of news on the Internet.

The man who claims indirect responsibility for several of the recent fake celebrity deaths is Rich Hoover, whose site, fakeawish.com, allows users to input celebrity names into five false news templates with outlandish stories about their deaths.

Hoover said the site's fans used its story-generation power to start rumors that Goldblum, Ford, Portman and Clooney had died. Traffic on his site jumped from a few thousand users per day to about 500,000 in the two days after Michael Jackson's death, he said.

A fake story that appears to have been generated by the site claimed that Portman had died after falling off a cliff in New Zealand. But while a small disclaimer tells readers the story is false, Hoover said many Twitter and Facebook users re-post links after reading only a story headline.

"I'm absolutely flabbergasted by the success of this and the impact these social networks have on communication -- and the communication of misinformation," he said.

About 85 percent of the recent traffic on Hoover's site came from Facebook and Twitter, he said, adding that the traffic does help him make money.

CNN could not independently verify that the celebrity rumors started from Hoover's site.

CNN's user-generated news community, iReport.com, was criticized for spreading celebrity death rumors following Michael Jackson's death.

One of the site's users sent in a post saying Astley had died. That false news about the singer of "Never Gonna Give You Up" was not aired on CNN or CNN.com, both of which vet iReports for accuracy before using them in reporting.

For pop star Spears, the recent false news came across Twitter, a micro-blogging site where users post 140-character messages.

After a post said Spears had died, a correction was posted to her Twitter feed on Sunday, saying "Britney's Twitter was just hacked. The last message is obviously not true. She is fine and dandy spending a quiet day at home relaxing."

News surrounding deaths is very sensitive and must be correct, said Elaine Haney, president of tributes.com, an obituary site that verifies deaths, often through funeral homes, before posting.

"You never want to kill somebody by accident," she said.

She added, "I don't think there's much good to say about somebody who would joke about something serious like that. It's unfortunate."

The fake news may not be all bad for celebrities.

Goldblum, for example, went on Comedy Central's "The Colbert Report" to dispel rumors that he had died.

In the episode, host Stephen Colbert jokes that he thinks Goldblum is dead even as the actor appears on stage beside him.

Goldblum then posts to Twitter to try to prove that he is still living.

"Oh my God! Ladies and gentlemen, I have huge news," Colbert says, upon reading Goldblum's tweet on his phone. "The dead can Twitter."

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