Captain blames faulty brakes, motor for NY ferry accident






NEW YORK: The captain of a packed ferry that crashed into a New York City pier injuring 74 people blamed malfunctioning brakes and a faulty motor for the accident, US investigators said Thursday.

"As the boat was coming in, the captain found that the reverse thrust was not operating as anticipated," said Robert Sumwalt of the National Transportation Safety Board, which is investigating the accident.

The captain said there was also a problem with the motor on the vessel, telling investigators that at some point "both diesel engines shut off," while he steered it toward the pier, Sumwalt told reporters.

There were 326 passengers and five crew on board the ferry at the time of Wednesday's mishap.

The accident took place during the morning rush hour at Pier 11 in lower Manhattan's East River, not far from Wall Street. The ferry was arriving from New Jersey.

Sumwalt said the captain, who is 36 years old, has 12 years of experience as a ferryboat captain and tested negative for alchohol use, as did the entire crew. Results of drug testing have yet to be completed, he said.

Some witnesses reported that the ferry, the Seastreak Wall Street, was going too quickly as it approached the pier.

Weather conditions were good at the time of the accident, with hardly any wind and good visibility.

Dozens of ferries bring thousands of commuters from New Jersey or Brooklyn to Manhattan every day, but accidents are rare.

The most serious mishap, in October 2003, killed 11 people and injured 70 others when a Staten Island ferry slammed into a pier at full speed.

- AFP/ck



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Apple updates App Store screenshot rules to shutter scam



A look at Minecraft.

Apple has thrown a block in the path of scamming developers looking to trick App Store users into downloading apps they might think is another popular game -- like Minecraft.



(Credit:
Screenshot by Rich Brown/CNET)



Apple announced a new App Store policy for developers today that effectively puts an end to a common bait-and-switch scam.


In a note on its Developer Portal, Apple said screenshots submitted by developers to accompany app descriptions in its App Store will be locked in place when the app wins approval.


Beginning January 9, app screenshots will be locked in iTunes Connect once your app has been approved. New screenshots may be uploaded when you submit a binary for an update to an existing app or a new app.


Before the new policy went in to place, app developers would often upload legitimate game screenshots to accompany the app description, then switch them out for screenshots that resembled more popular games once the app was approved. The switch often snagged unsuspecting victims who assumed they were downloading a different app.


The popular game Minecraft was a frequent target of clone apps, with developers lifting screenshots from the game to promote an unrelated game. One example, cited by Panic Blog, showed a game called Mooncraft with a Minecraft app image that billed itself as "a moon-themed Minecraft-type game for iOS." But as a Panic video shows (see below), the game was instead an app that featured building blocks labeled with numbers and letters.


While this presumably means that scamming developers will no longer be able to game the App Store, it also hobbles legitimate developers trying to keep their app descriptions up to date.



(Via MacRumors)

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Hilda Solis stepping down as labor secretary

Hilda Solis announced that she is stepping down from her post as labor secretary, CBS News has confirmed. She sent a letter to President Obama today notifying him of her retirement.

Solis was nominated to the position the same day the president was inaugurated in 2009, serving through the president's entire first term. She ran the Labor Department during the worst economic recession since the Great Depression. The department, which calculates unemployment statistics, came under criticism during the presidential campaign for a steep drop in the jobless numbers from above 8 percent to below 8 percent right before Election Day.

President Obama called her "a critical member" of his economic team who has helped put "millions" of people back to work. "Hilda Solis has been a tireless champion for working families," the president wrote in a statement.

Before her current position, she was a member of Congress, representing California since 2001 but left that job to be the first Hispanic woman to run the agency.

The president must now name a replacement that must go through the Senate confirmation process. CBS News learned today that the president intends to nominate his chief of staff, Jack Lew, to run the Treasury Department.

Solis joins Secretary of State Hillary Clinton, Treasury Secretary Timothy Geithner, CIA Director David Petraeus and Defense Secretary Leon Panetta in stepping down from their cabinet-level posts.

A White House official says Health and Human Services Secretary Kathleen Sebelius, Veterans Affairs Secretary Eric Shinseki and Attorney General Eric Holder plan to remain in their positions.

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Arias Caught Lying to Cops in Recorded Phone Calls













Jodi Arias blatantly lied to police who asked her about Travis Alexander's death, telling them in recorded phone calls that she kept trying to call and message Alexander the week of his death but never heard back from him.


The phone calls were played as evidence during the fourth day of Arias' trial, in which she is charged with murder and could face the death penalty if convicted of killing Alexander in a "depraved and heinous" way. Arias has admitted to killing her former boyfriend, but claims it was self-defense.


During the phone conversations played in court, Arias can be heard telling Mesa, Ariz., detective Esteban Flores that she last talked to Alexander on Tuesday night, June 3, 2008, around 10 p.m. She had been in Los Angeles, about to leave to go to Utah to visit a new love interest, she said.


After June 3, he stopped calling her back, she said.


Photos of Key Players and Evidence in the Jodi Arias Murder Trial


"On Tuesday night (I talked to him), it was brief though, 10 o'clock maybe. I'd say 10 p.m. or 9 - 9:30. I was calling people because I was bored on the road. He was nice and cordial, but kind of acting like he had hurt feelings," she said.


"I may have called him Wednesday, from the road, and I sent him a couple of text messages, and a couple of pictures," she said, though Alexander didn't pick up and his voice mailbox was full. "That's unusual. He deletes all of his messages. I didn't want to be obsessive about it because we're not together anymore and I didn't like to call too much."


According to court records, Arias, 32, actually went to Alexander's home on in Mesa on Wednesday morning. There, the pair had sex and took graphic photos of one another with Alexander's camera.


Then, Arias is believed to have killed Alexander, 30, in his shower by stabbing him, slashing his throat from ear to ear, and shooting him in the head.


In the phone conversations, Arias told Flores that she considered calling Alexander's friends when he stopped returning her calls on Wednesday, but didn't want to act like "his mother."


Alexander's friends found his body five days later with stab wounds and a bullet wound, lying in blood in his home.


Flores asked Arias if she ever considered buying a gun, she said she was too scared of handguns.






Jodi Arias/Myspace | ABC News











Jodi Arias Murder Trial: Who Is the Alleged Killer? Watch Video









Jodi Arias Trial: Defense Claims Victim Was Sex Deviant Watch Video







"I've looked into handguns. I have a list of things I'm scared of that I'm trying to overcome," she said. "I got that from Travis, you know, to push yourself out of your comfort zone, and do things you're afraid of. But handguns are expensive and not really in my price range right now."


Arias is accused of stealing her grandmother's handgun and using it to shoot Alexander in the head during the attack.
The detective interviewed Arias by phone multiple times in June after Alexander's body was discovered by his friends on June 9.


Arias was indicted on July 9, 2008, and changed her story again before her arraignment, telling a TV news station that she was at Alexander's house when he was killed and witnessed two intruders kill him.


After she was arraigned, Arias told police she killed Alexander, but did it in self-defense. Arias's attorneys have said that Alexander was controlling and abusive toward Arias, and described him as a "sexual deviant."


In earlier testimony in court today, Arias's new love interest, Ryan Burns, testified that Arias showed up to his house on the morning of Thursday, Dec. 5, just 24 hours after she killed Alexander.


There, the pair cuddled, kissed, and watched movies, according to Burns.


Burns, who met Arias at a business conference in spring, 2008, said he exchanged frequent long phone calls and online conversations with Arias before inviting her to come visit him in West Jordan, Utah, in June. Arias lived in California at the time.


She arrived at Burns's home 24 hours after she was expected there, telling him that she got lost, drove the wrong way on a freeway for a few hours, fell asleep for awhile, and then got lost again, Burns testified today.


She never told him that she had confronted Alexander with a knife or gun and ended up killing him just hours before their date.


When she arrived, the pair quickly got physical, he testified.


"We went back to my house. We talked for awhile, and agreed that we were going to watch a movie. At some point we were talking and we kissed. Every time we started kissing it got a little more escalated. Our clothes never came off, but at some point she was kissing my neck, I was kissing hers, but our clothes never came off," he said.


Burns said that both he and Arias stopped kissing at the time, though they again became physically involved later in the evening when Arias climbed on top of Burns and began kissing him. Burns said that they stopped kissing because he did not want her to "regret the visit" because of her Mormon beliefs about sex.


He also told prosecutors upon questioning that Arias was physically strong.


"She's very fit," he said, describing their encounter when she climbed on top of him. "She's very strong. She has close to a six pack (of abs)."


Prosecutors likely asked about the strength of Arias because in testimony Tuesday Maricopa County medical examiner Kevin Horn said Alexander was stabbed so forcefully that the blade chipped his skull and his neck was cut all the way back to the spinal cord.


Burns, who is also a Mormon, said he noticed two bandages on Arias's hand when she arrived at his house, which she told him she got when a glass broke at her place of employment, Margaritaville.


During her visit, the pair also went to a business meeting and went out with Burns' friends where Burns described Arias as acting "shy" and a "little awkward."


"She was fine, she was laughing about simple little things like any other person. I never once felt like anything was wrong during the day. With a crowd she was a little awkward in social areas, but one on one she was very talkative and excitable," he said.






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Venezuela's top court endorses Chavez inauguration delay


CARACAS (Reuters) - Venezuela's top court endorsed the postponement of Hugo Chavez's inauguration this week and ruled on Wednesday that the cancer-stricken president and his deputy would continue in their roles, despite a cacophony of opposition complaints.


Critics had argued the 58-year-old's absence from his own swearing-in ceremony on January 10 meant a caretaker president must be appointed. Chavez has not been seen in public nor heard from in almost a month following surgery in Cuba.


"Right now we cannot say when, how or where the president will be sworn in," Supreme Court Chief Judge Luisa Morales told a news conference.


"As president re-elect there is no interruption of performance of duties ... The inauguration can be carried out at a later date before the Supreme Court."


The decision opens the door in theory for Chavez to remain in office for weeks or months more from a Cuban hospital bed - though there is no evidence he is even conscious.


It leaves the South American country in the hands of Vice President Nicolas Maduro, as de facto leader of the government.


The opposition say that is a brazen violation of the constitution, and that Maduro should leave office on Thursday when the current presidential term had been due to expire.


They say National Assembly boss Diosdado Cabello, another powerful Chavez ally, should take over the running of the country while new elections would be organized within 30 days.


Maduro would be the ruling Socialist Party's candidate.


Government leaders insist Chavez, 58, is fulfilling his duties as head of state, even though official medical bulletins say he suffered complications after the surgery, including a severe lung infection, and has had trouble breathing.


His resignation or death would transform politics in the OPEC nation, where he is revered by poor supporters thankful for his social largesse, but denounced by opponents as a dictator.


RALLY PLANNED FOR THURSDAY


Opposition leader Henrique Capriles, who lost a presidential election to Chavez in October, said the Supreme Court had become politicized under the socialist leader's administration.


"The tribunal gave an interpretation (of the constitution) in order to solve a problem that the government has," Capriles told a news conference.


Moody's Investors Service warned on Wednesday that Venezuela's sovereign credit rating, already at junk status, faces short-term risks over any political transition.


Prices of Venezuela's widely traded bonds have soared lately on Chavez's health woes, but dipped this week as investors' expectations of a quick government change apparently faded.


The president has undergone four operations, as well as weeks of chemotherapy and radiation treatment, since being diagnosed with an undisclosed type of cancer in his pelvic area in June 2011.


He looked to have staged a remarkable recovery from the illness last year, winning a new six-year term at a hard-fought election in October. But within weeks of his victory he had to return to Havana for more treatment.


The government has called for a huge rally outside the Miraflores presidential palace in Caracas on Thursday, and allied leaders such as Uruguay's Jose Mujica, Bolivia's Evo Morales and Nicaragua's Daniel Ortega have said they will visit - despite Chavez's absence.


Argentine President Cristina Fernandez, a close friend, has announced plans to visit Chavez in Cuba on Friday.


The unprecedented silence by Chavez, who is well known for his hours-long rambling speeches, has convinced many Venezuelans that his 14 years in power may be coming to an end.


Unlike after his previous operations in Cuba, no photographs have been published of him recuperating, and social media in Venezuela is buzzing with rumors he is on life support.


Cabello, the pugnacious head of the National Assembly, has repeatedly ruled out taking over as caretaker president to order a new presidential election, saying Chavez remains in charge.


"Tomorrow we will all go to the Miraflores palace," he told a televised Socialist Party meeting on Wednesday. "The people will be invested as president. We are all Chavez!"


(Additional reporting by Marianna Parraga, Diego Ore and Enrique Andres Pretel; Editing by Andrew Cawthorne and Eric Walsh)



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EU leaders want UK in union, but not treaty change






LONDON: European leaders on Wednesday stressed the importance of keeping Britain in the EU, but said they opposed treaty changes demanded by Prime Minister David Cameron.

"Britain is an essential part of the EU," Irish Prime Minister Enda Kenny said during a conference in Dublin marking the beginning of his country's six-month presidency of the bloc.

"Great Britain has great value and is a very important member of the EU," added EU President Herman Van Rompuy.

The two leaders highlighted the importance of the union for British businesses, saying that it was essential for them that Britain remained a full and active member.

A majority of Britons favour severing all ties with the union, according to polls, and Cameron is expected to deliver a speech within the next few days spelling out his views on the country's relationship with Brussels.

He insisted last year that he supported Britain's membership, but that he wanted to negotiate a "new agreement" which would allow it to opt out of certain directives.

Kenny and Van Rompuy both repeated their opposition to any treaty changes.

"I don't see a reopening of the treaties, I don't see an issue in treaty change for any individual countries," said the Irish prime minister.

Irish Deputy Prime Minister Eamon Gilmore stressed that the top concern of European citizens, "whether from Liverpool or Limerick", was unemployment.

Van Rompuy reiterated that it would be possible to change the treaties after the 2014 European elections, but added that he strongly supported deeper EU integration as opposed to an "a la carte" union.

He pointed out that there was already scope for increasing EU partnership.

"We don't need, at this stage, a treaty change," he said. "We can deliver for a deeper EU within the treaties."

- AFP/jc



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How to set up an Eject All hot key in OS X



If you have a MacBook system that you regularly use at a desk such as in an office work space, then you may have a number of peripheral storage devices set up to manage backups and work-specific data, whether attached directly to the system or through a Thunderbolt, FireWire, or USB docking device. These can be convenient when you need them, but quite the opposite when you're packing up to depart.


The main reason for this is OS X's requirement that you manually unmount each drive that's attached to the system by either dragging it to the trash, clicking the eject button next to it in the Finder sidebar, or using the Eject function in the system or contextual menus. If you have multiple drives attached, you will need to systematically eject each one or chance interrupting communication with the drive, which may result in data loss.



While this isn't as much of an issue with desktop systems, with a laptop it is often easy to close the lid and pull the plugs to quickly be on your way, only to wake the system to a number of warnings about not having properly ejected your disks.




EjectAll service work flow in Automator

Set up this Automator work flow as a systemwide service, which can then be bound to a hot key for quick access to unmount any attached drive (click for larger view).



(Credit:
Screenshot by Topher Kessler/CNET)


Luckily, with the use of Terminal commands and Apple's Automator utility you can set up a hot key to quickly unmount all drives from your system, which should speed up your escape.


To do this, first open the Automator utility in the OS X Applications folder, and then follow this procedure:


  1. Create a new Service work flow

  2. Set the service to receive "No Input" but work in "All Applications"

  3. Locate and drag the Run Shell Script action to the work flow window

  4. Change the default "cat" command to the following two commands (the first removes all "ejectable" media like optical disks, and the second unmounts all drives except for those in use, such as the boot drive):

    diskutil eject /Volumes/*
    diskutil unmountDisk /Volumes/*


  5. Save the service with an appropriate name (such as EjectAll)

At this point you can test the work flow to see if it ejects your disks for you (it should). Since the work flow is a service that is available for all applications, it should now be available in the Services submenu of the application menu (next to the Apple menu) for the foremost program. Additionally, you can set a custom hot key to invoke this service at any time. To do this, go to the Keyboard system preferences and select the Services section in the Keyboard Shortcuts tab. In here, locate the new service by the name you gave it (it should be listed under General) and click the "Add shortcut" button to assign a hot-key sequence to it.


With this done, you can now invoke the hot-key sequence or select the service from the application menu to quickly unmount and eject all attached drives and have your system ready to go.




Questions? Comments? Have a fix? Post them below or !
Be sure to check us out on Twitter and the CNET Mac forums.


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USADA head: I got death threats during Armstrong probe

(CBS News) Travis Tygart is the head of the U.S. Anti-Doping Agency, which polices U.S. Olympic sports. Lance Armstrong won the world's most grueling event, the Tour de France, seven times. But after Tygart's investigation, Armstrong lost all of his titles. In his first interview, Tygart spoke with us for the premier of a new program, "60 Minutes Sports" on Showtime. Tygart says Armstrong was doping in his very first win at the Tour de France in 1999. The drug was EPO, which boosts endurance.

TRAVIS TYGART: Six samples that were taken from Lance Armstrong were retested in '05. And they were positive.

SCOTT PELLEY: In '99, when the tests were originally taken, was it reported that they were negative?

TYGART: There was no test for EPO. They were not tested for EPO at that time.

PELLEY: And when you tested for them in 2005, you discovered that they were --

TYGART: All six were flaming positive.

PELLEY: Flaming positive?

TYGART: Flaming positive.

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Lance Armstrong sued for more than $1.5M by U.K. newspaper over libel case

Tygart told Pelley that throughout the investigation, witnesses were intimidated to try to keep the code of silence from breaking.

PELLEY: Was Lance Armstrong personally involved in intimidating these other riders to keep them quiet?

TYGART: He was. It was tough. All -- all these witnesses were -- were scared of the repercussions of them simply telling the truth.

PELLEY: What could Lance Armstrong do to them?

TYGART: Incinerate them.

Former teammate Levi Leipheimer felt the heat. In his sworn affidavit, he says he came to a cycling dinner after he testified to the grand jury. Leipheimer says Armstrong was there and sent Leipheimer's wife a text that read, "Run don't walk."

PELLEY: What did she take it to mean?

TYGART: It's a veiled threat. Knowing her husband had just testified, truthfully, in front of the grand jury and had told citizens of this country about this great fraud. It was a message: You better run.

PELLEY: Your investigation showed that there were personal threats made against riders who had decided to come clean. I wonder if there were any threats against you.

TYGART: There were, Scott.

PELLEY: These threats came from where?

TYGART: Emails, letters.

PELLEY: Anonymous?

TYGART: Yeah.

PELLEY: Can you remember any of the lines from the emails or the letters?

TYGART: The worst was probably putting a bullet in my head.

PELLEY: Did you take that seriously?

TYGART: Absolutely.

To hear the rest of Travis Tygart's story, tune into the premiere edition of "60 Minutes Sports" tomorrow at 10:00 p.m. on the Showtime Network.

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Menu Calorie Counts: How Accurate Are They?













They are supposed to help America's obesity problem: calorie counts boldly displayed on restaurant menus across the country and important information, considering Americans now eat one-third of their meals outside the home.


Two states and nine counties require them today, and by the middle of next year, a federal law is expected to force chain restaurants, convenience stores and vending machines nationwide to post calorie counts.


But how accurate are those numbers that so affect your waistline?


A 2011 study by Tufts University sampling food from 42 restaurants says it depends.


Fast food restaurants were the most accurate because of the uniform recipes and portions, but there were wide variations found in sit-down restaurants.


"We found that 20 percent of the foods we tested had 100 calories or more over what was stated on the menu," Lorien Urban, a postdoctoral associate in the energy metabolism lab at Tufts University and first author of the study, told ABC News. "We would consider that to be a considerable amount."


Urban explained that consuming an extra 100 calories per day can lead to an extra 10 pounds in one year.


Most concerning was that a majority of the errors Urban and her colleagues found were made on the diet side of the menu.








Calorie Check: How Many Servings Are You Eating? Watch Video









"These were the foods that people who are trying to manage their weight would gravitate towards and they may be getting more calories than they expect," she said.


ABC News sent producers in three cities that already require posting menu calories to major chains to do a sampling under the direction of a nationally known lab and found that more than half of the low-cal meals tested had more calories than listed on the menu.


In total 24 food samples from four sit-down restaurants and one McDonald's were collected and the results were surprising.


McDonald's did the best. Its Big Mac Meal (posted: 930) and its Premium Chicken Sandwich (posted: 400) tested 30 calories below the menu posting.


But the sit-down restaurants had results sometimes wildly different than advertised.


In all, only one calorie count was accurate -- a Skinnylicious chicken salad sandwich from the Cheesecake Factory.


Eleven meals had more calories than on the menu and 10 had fewer calories. Some were over by only 40 calories; another was over by as much as 420 calories, again at the Cheesecake Factory: This time an order of the fish and chips dinner.


Urban said that fast food restaurants tended to be more accurate than sit-down because of the formulaic preparation that fast food restaurants use.


"Things are arriving already packaged into the restaurants and it's just a matter of warming it up and serving it to the consumer," she said. "A sit-down restaurant, things are being prepared on [the] spot [and] by chance some extra butter gets into the pan."


That can change the calorie amount.


All the restaurants and their trade association say that most calorie counts are as accurate as possible and tested extensively to make sure.


They conceded that there are variations, mostly due to portion size and individual restaurant preparation, and that the menus warn actual calories may vary.


What can you do? Take control of what is put on top of the entree by asking for everything fattening -- such as cheeses, sauces or dressings -- on the side.



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Venezuela postpones inauguration for cancer-stricken Chavez


CARACAS (Reuters) - Venezuela will postpone the inauguration of President Hugo Chavez for a new term due to health problems, the government said on Tuesday, another sign the socialist leader's cancer may be bringing an end to his 14 years in power.


The 58-year-old former soldier who has dominated the South American OPEC nation since 1999 has not been heard from since surgery on December 11 in Cuba - his fourth operation since he was diagnosed with an undisclosed type of cancer in June 2011.


The announcement outraged opposition leaders who insist that Chavez must be sworn in before the National Assembly on January 10 as laid out in the constitution, or temporarily step aside and leave an ally in power.


"The commander president wants us to inform that, based on his medical team's recommendations, the post-operative recovery should extend past January 10," said Vice President Nicolas Maduro, Chavez's chosen successor, in a letter read to the legislature.


"As a result, he will not be able to be present at the National Assembly on that date."


The letter said authorities would seek another date for the inauguration ceremony but did not say when it would take place or give a time frame for Chavez's return from Havana.


Rather than being sworn in by the legislature, he would take his oath at a later date before the Supreme Court, the letter said, as allowed by the constitution.


Government leaders insist Chavez is completely fulfilling his duties as head of state, even though official medical bulletins say he has a severe pulmonary infection and has had trouble breathing.


The government has called for a massive rally outside the presidential palace on Thursday, and allied presidents including Uruguay's Jose Mujica and Bolivia's Evo Morales have confirmed they will visit Venezuela this week despite Chavez's absence.


Argentine President Cristina Fernandez has announced plans to visit Chavez in Havana on Friday.


But the unprecedented silence by the president - famous for regularly speaking for hours in meandering broadcasts - has left many convinced he could be in his last days.


His resignation or death would upend politics in the oil-rich nation, where he enjoys a deity-like status among poor supporters thankful for his social largesse.


His critics call him a fledgling dictator who has squandered billions of dollars from crude sales while dashing the independence of state institutions.


CONSTITUTION DISPUTE


The constitution does not specify what happens if the president does not take office on January 10.


The Supreme Court, which has been expected to provide a constitutional interpretation of the issues of the inauguration date, called a press conference for Wednesday.


Opposition leaders argue that Congress chief and Chavez ally Diosdado Cabello should take over, as mandated by the constitution if the president's absence is formally declared.


Cabello has ruled that out, saying the president continues to be in charge.


If Chavez dies or steps aside, new elections would be called within 30 days. Before leaving for Havana in December, the president instructed his supporters to back Maduro in that vote if he were unable to continue.


During a rambunctious session of Congress, opposition deputies accused Socialist Party leaders of failing to follow Chavez's instructions - a scene that would have been unimaginable before Chavez's prolonged absence.


"President Chavez is the only one among you who has spoken clearly," said opposition leader Julio Borges.


He was drowned out by pro-Chavez deputies clapping and chanting the socialist leader's name and rebuffed by Cabello, who had long been considered a potential successor to Chavez until he was passed over for Maduro.


"It's not my fault you weren't chosen, don't take your frustration out on me," Borges quipped.


Another opposition deputy complained that during the debate a copy of the constitution was thrown across the chamber from the direction of the Socialist Party's deputies.


Chavez's supporters have held near-daily vigils for his recovery, while opposition activists accuse the president's allies of a Cuban-inspired manipulation of the situation.


Maduro has taken over the day-to-day running of the government and looks set to continue in the role past Thursday.


The mustachioed former bus driver lacks Chavez's charisma, but he has sought to imitate the president's style with vituperative attacks on the opposition and televised ribbon-cutting ceremonies.


With the micro-managing Chavez away, major policy decisions in Venezuela, such as a widely expected devaluation of the bolivar currency, appear to be on hold.


Venezuelan bond prices, which had soared in recent weeks on Chavez's health woes, dipped on Monday and Tuesday as investors' expectations of a quick government change apparently dimmed.


"The 'regime change' euphoria seems excessive taking into account the unclear legal transition and perhaps, more importantly, the risk that regime change does not allow for policy change," New York-based Jefferies' managing director Siobhan Morden said in a note on the bonds.


(Editing by Daniel Wallis and Eric Beech)



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