Sembawang, Nee Soon retailers hit by fee hike

SINGAPORE: Already facing dwindling profits because of the shopping malls that have sprung up nearby, hundreds of heartland retailers in the Sembawang and Nee Soon Group Representation Constituencies will be hit by higher fees - the increase is up to four-fold - for using the demarcated areas outside their shops.

The fee hike, the first in 17 years for shopkeepers in the constituencies, will be implemented in April and some 630 businesses will be affected, according to the Sembawang-Nee Soon Town Council.

A visit by TODAY found that most shops use these Outdoor Display Areas - usually demarcated by yellow or red lines - to showcase their wares or to rent out to other businesses.

Responding to this newspaper's queries, a Sembawang-Nee Soon Town Council spokesperson said that fees for the outdoor advertising areas in neighbourhood or town centres will go up four-fold for Outdoor Display Areas that are between 1 and 8 sq m, from S$30 to S$120.

Similarly, the fees will increase from S$50 to S$240 for areas that are between 8.01 and 16 sq m.

For areas that are above 16 sq m, the retailers will have to pay S$20 per sq m, instead of the current S$100 flat fee.

The new fees in other parts of the estate are half that in the neighbourhood or town centres. Previously, the town council charged the same fees for all outdoor advertising areas, regardless of location.

Even though operating costs have increased substantially, the fees charged by the Sembawang-Nee Soon Town Council have "lagged substantially behind" other town councils, its spokesperson said. "After the review, the (fees) will range from S$2 to S$8 a day, still amongst the lowest in Singapore," she said.

Mr Lee Aik Chin, 60, who runs an IT services business at Woodlands Centre, said he will stop using the Outdoor Display Area outside his shop because of the hike. He said he was unhappy that the town council did not explain the rationale of the fee increase to the retailers.

Mr Edmund Wong, who owns Guan Chuan Chan Medical Hall, currently pays S$600 a year for about 9.3 sq m of outdoor advertising area.

With the fee hike, he will have to pay about S$3,000 a year. He will continue to pay for the space as it is "a way to attract customers".

"Business has been bad ... with the current circumstances, it makes it harder for us," said Mr Wong.

The fee hike by Sembawang-Nee Soon Town Council comes after Tampines Town Council raised its fees in September by 150 per cent for shops in the neighbourhood and town centres, and doubled the fees for shops in other parts of the estate.

- TODAY

Read More..

USB tentacle squirms, does nothing else

This is $125 worth of USB tentacles in one photo.

(Credit:
ThinkGeek)

The single-purpose gadget is very much alive and well. Case in point, this USB tentacle. It squirms. That's all it does.

The USB tentacle is not a hub. It won't open a beer bottle. It won't fire foam rockets at your cubicle mates. It won't charge your smartphone. It just squirms. To improve the visual impact, you might want to invest in multiple tentacles to adorn each port on your computer.

Why would you want to drop $24.99 on a tentacle? That's kind of a high price tag for something that just wriggles around a little bit. Perhaps you're a marine biologist looking to spruce up your laptop look. There's a certain portion of the population for whom this will be a must-buy accessory. You know who you are.

ThinkGeek suggests using the tentacle as a way to show your devotion to Cthulhu. You can try it, but just be aware that Cthulhu won't be dissuaded from feasting upon your soul just because you attempted to pay homage with a cheap gadget. You might as well just embrace the madness and be done with it.

Read More..

Report: Asian economies to be world's largest by 2030

WASHINGTONThe United States could see its standing as a superpower eroded and Asian economies will outstrip those of North America and Europe combined by 2030, according to the best guess of the U.S. intelligence community in its latest forecast.

"The spectacular rise of Asian economies is dramatically altering ... U.S. influence," said Christopher Kojm, chairman of the National Intelligence Council, as it released the report Global Trends 2030 on Monday.

The report is the intelligence community's analysis of where current trends will take the world in the next 15 to 20 years. Its release was timed for the start of a new presidential administration and it is aimed at helping U.S. policymakers plan for the future.

The report also predicted the U.S. will be energy independent.

The study said that in a best-case scenario, Americans, together with nearly two-thirds of the world's population, will be middle class, mostly living in cities, connected by advanced technology, protected by advanced health care and linked by countries that work together, perhaps with the United States and China cooperating to lead the way.

Violent acts of terrorism will also be less frequent as the U.S. drawdown in troops from Iraq and Afghanistan robs extremist ideologies of a rallying cry to spur attacks. But that will likely be replaced by acts like cyber-terrorism, wreaking havoc on an economy with a keystroke, the study's authors say.

In countries where there are declining birth rates and an aging population like the U.S., economic growth may slow.

"Aging countries will face an uphill battle in maintaining living standards," Kojm said. "So too will China, because its median age will be higher than the U.S. by 2030."

The rising populations of disenfranchised youth in places like Nigeria and Pakistan may lead to conflict over water and food, with "nearly half of the world's population ... experiencing severe water stress," the report said. Africa and the Middle East will be most at risk, but China and India are also vulnerable.

That instability could lead to conflict and contribute to global economic collapse, especially if combined with rapid climate change that could make it harder for governments to feed global populations, the authors warn.

That's the grimmest among the "Potential Worlds" the report sketches for 2030. Under the heading "Stalled Engines," in the "most plausible worst-case scenario, the risks of interstate conflict increase," the report said. "The U.S. draws inward and globalization stalls."

"This is not inevitable," said lead study author Mathew Burrows. "In most cases, it's manageable if you take measures ... now."

Such steps could include decreasing wasting resources like water and increasing the efficiency of food production, he said.

Technology is seen as a potential savior to head off some of this conflict, boosting economic productivity to keep pockets filled despite rising populations, rapid growth of cities and climate change.

Hand in hand with technology is cooperation between the competing states, the authors say. In the most plausible best-case outcome, the report said, "China and the U.S. collaborate," heading off global competition for resources that can lead to all-out conflict.

The report warns of the mostly catastrophic effects of possible "Black Swans," extraordinary events that can change the course of history. These include a severe pandemic that could kill millions in a matter of months and more rapid climate change that could make it hard to feed the world's population.

Two positive events are also listed, including "a democratic China or a reformed Iran," which could bring more global stability.

One bright spot for the U.S. is energy independence.

"With shale gas, the U.S. will have sufficient natural gas to meet domestic needs and generate potential global exports for decades to come," the report said.

Read More..

New Evidence Suggests Biblical Flood Happened

The story of Noah's Ark and the Great Flood is one of the most famous from the Bible, and now an acclaimed underwater archaeologist thinks he has found proof that the biblical flood was actually based on real events.

In an interview with Christiane Amanpour for ABC News, Robert Ballard, one of the world's best-known underwater archaeologists, talked about his findings. His team is probing the depths of the Black Sea off the coast of Turkey in search of traces of an ancient civilization hidden underwater since the time of Noah.

Tune in to Christiane Amanpour's two-part ABC News special, "Back to the Beginning," which explores the history of the Bible from Genesis to Jesus. Part one airs on Friday, Dec. 21 and part two on Friday, Dec. 28, both starting at 9 p.m. ET on ABC. See photos from her journey HERE

Ballard's track record for finding the impossible is well known. In 1985, using a robotic submersible equipped with remote-controlled cameras, Ballard and his crew hunted down the world's most famous shipwreck, the Titanic.

Now Ballard is using even more advanced robotic technology to travel farther back in time. He is on a marine archeological mission that might support the story of Noah. He said some 12,000 years ago, much of the world was covered in ice.

"Where I live in Connecticut was ice a mile above my house, all the way back to the North Pole, about 15 million kilometers, that's a big ice cube," he said. "But then it started to melt. We're talking about the floods of our living history."

The water from the melting glaciers began to rush toward the world's oceans, Ballard said, causing floods all around the world.

"The questions is, was there a mother of all floods," Ballard said.

According to a controversial theory proposed by two Columbia University scientists, there really was one in the Black Sea region. They believe that the now-salty Black Sea was once an isolated freshwater lake surrounded by farmland, until it was flooded by an enormous wall of water from the rising Mediterranean Sea. The force of the water was two hundred times that of Niagara Falls, sweeping away everything in its path.

Fascinated by the idea, Ballard and his team decided to investigate.

"We went in there to look for the flood," he said. "Not just a slow moving, advancing rise of sea level, but a really big flood that then stayed... The land that went under stayed under."

Four hundred feet below the surface, they unearthed an ancient shoreline, proof to Ballard that a catastrophic event did happen in the Black Sea. By carbon dating shells found along the shoreline, Ballard said he believes they have established a timeline for that catastrophic event, which he estimates happened around 5,000 BC. Some experts believe this was around the time when Noah's flood could have occurred.

"It probably was a bad day," Ballard said. "At some magic moment, it broke through and flooded this place violently, and a lot of real estate, 150,000 square kilometers of land, went under."

The theory goes on to suggest that the story of this traumatic event, seared into the collective memory of the survivors, was passed down from generation to generation and eventually inspired the biblical account of Noah.

Noah is described in the Bible as a family man, a father of three, who is about to celebrate his 600th birthday.

Read More..

Egypt army given temporary power to arrest civilians

CAIRO (Reuters) - Egypt's Islamist president has given the army temporary power to arrest civilians during a constitutional referendum he is determined to push through despite the risk of bloodshed between his supporters and opponents accusing him of a power grab.

Seven people were killed and hundreds wounded last week in clashes between the Islamist Muslim Brotherhood and their critics besieging Mohamed Mursi's graffiti-daubed presidential palace. Both sides plan mass rallies on Tuesday.

The elite Republican Guard has yet to use force to keep protesters away from the palace, which it ringed with tanks, barbed wire and concrete barricades after last week's violence.

Mursi, bruised by calls for his downfall, has rescinded a November 22 decree giving him wide powers but is going ahead with a referendum on Saturday on a constitution seen by his supporters as a triumph for democracy and by many liberals as a betrayal.

A decree issued by Mursi late on Sunday gives the armed forces the power to arrest civilians and refer them to prosecutors until the announcement of the results of the referendum, which the protesters want cancelled.

Despite its limited nature, the edict will revive memories of Hosni Mubarak's emergency law, also introduced as a temporary expedient, under which military or state security courts tried thousands of political dissidents and Islamist militants.

But a military source stressed that the measure introduced by a civilian government would have a short shelf-life.

"The latest law giving the armed forces the right to arrest anyone involved in illegal actions such as burning buildings or damaging public sites is to ensure security during the referendum only," the military source said.

Presidential spokesman Yasser Ali said the committee overseeing the vote had requested the army's assistance.

"The armed forces will work within a legal framework to secure the referendum and will return (to barracks) as soon as the referendum is over," Ali said.

Protests and violence have racked Egypt since Mursi decreed himself extraordinary powers he said were needed to speed up a troubled transition since Mubarak's fall 22 months ago.

The Muslim Brotherhood has voiced anger at the Interior Ministry's failure to prevent protesters setting fire to its headquarters in Cairo and 28 of its offices elsewhere.

Critics say the draft law puts Egypt in a religious straitjacket. Whatever the outcome of the referendum, the crisis has polarized the country and presages more instability at a time when Mursi is trying to steady a fragile economy.

On Monday, he suspended planned tax increases only hours after the measures had been formally decreed, casting doubts on the government's ability to push through tough economic reforms that form part of a proposed $4.8 billion IMF loan agreement.

"VIOLENT CONFRONTATION"

Rejecting the referendum plan, opposition groups have called for mass protests on Tuesday, saying Mursi's eagerness to push the constitution through could lead to "violent confrontation".

Islamists have urged their followers to turn out "in millions" the same day in a show of support for the president and for a referendum they feel sure of winning with their loyal base and perhaps with the votes of Egyptians weary of turmoil.

The opposition National Salvation Front, led by liberals such as Mohamed ElBaradei and Amr Moussa, as well as leftist firebrand Hamdeen Sabahy, has yet to call directly for a boycott of the referendum or to urge their supporters to vote "no".

Instead it is contesting the legitimacy of the vote and of the whole process by which the constitution was drafted in an Islamist-led assembly from which their representatives withdrew.

The opposition says the document fails to embrace the diversity of 83 million Egyptians, a tenth of whom are Christians, and invites Muslim clerics to influence lawmaking.

But debate over the details has largely given way to noisy street protests and megaphone politics, keeping Egypt off balance and ill-equipped to deal with a looming economic crisis.

"Inevitability of referendum deepens divisions," was the headline in Al-Gomhuriya newspaper on Monday. Al Ahram daily wrote: "Political forces split over referendum and new decree."

Mursi issued another decree on Saturday to supersede his November 22 measure putting his own decisions beyond legal challenge until a new constitution and parliament are in place.

While he gave up extra powers as a sop to his opponents, the decisions already taken under them, such as the dismissal of a prosecutor-general appointed by Mubarak, remain intact.

"UNWELCOME" CHOICE

Lamia Kamel, a spokeswoman for former Arab League chief Moussa, said the opposition factions were still discussing whether to boycott the referendum or call for a "no" vote.

"Both paths are unwelcome because they really don't want the referendum at all," she said, but predicted a clearer opposition line if the plebiscite went ahead as planned.

A spokeswoman for ElBaradei, former head of the U.N. nuclear watchdog, said: "We do not acknowledge the referendum. The aim is to change the decision and postpone it."

Mahmoud Ghozlan, the Muslim Brotherhood's spokesman, said the opposition could stage protests, but should keep the peace.

"They are free to boycott, participate or say no, they can do what they want. The important thing is that it remains in a peaceful context to preserve the country's safety and security."

The army stepped into the conflict on Saturday, telling all sides to resolve their disputes via dialogue and warning that it would not allow Egypt to enter a "dark tunnel".

A military source said the declaration read on state media did not herald a move by the army to retake control of Egypt, which it relinquished in June after managing the transition from Mubarak's 30 years of military-backed one-man rule.

The draft constitution sets up a national defense council, in which generals will form a majority, and gives civilians some scrutiny over the army - although not enough for critics.

In August Mursi stripped the generals of sweeping powers they had grabbed when he was elected two months earlier, but has since repeatedly paid tribute to the military in public.

So far the army and police have taken a relatively passive role in the protests roiling the most populous Arab nation.

(Additional reporting by Edmund Blair and Yasmine Saleh; editing by Philippa Fletcher)

Read More..

Football: South Americans lead Inter past Napoli

MILAN: Inter Milan moved up to second and closed the gap to Juventus to four points in Serie A Sunday thanks to a clinical but hard-fought 2-1 win over fellow title chasers Napoli.

A pair of goals from south Americans Fredy Guarin and Diego Milito settled Inter's nerves before half-time and despite Uruguayan striker Edinson Cavani reducing the arrears just before the hour the visitors failed to pull level in a tighter second half.

Inter coach Andrea Stramaccioni said: "Tonight we came up against a great Napoli side. For us to win this match required an almost perfect performance from us."

With the players' still warming up in freezing temperatures at the San Siro, the roof was raised when Colombian Guarin ghosted in at the back in the eighth minute to volley Antonio Cassano's curling corner past a helpless Morgan De Sanctis.

Napoli looked dangerous going forward but spurned the few half-chances they created with Marek Hamsik missing from close range from Cavani's lay-off and Cavani being ruled offside after a missed header at the back post following Lorenzo Insigne's perfect delivery.

When Inter scored their second, it came from nothing but put the Nerazzurri well on their way to securing the three points.

The lively Guarin pounced on a poor Napoli clearance, strode forward to feed Milito who did well to hold off Alessandro Gamberini and sidefoot the ball into the net despite a desperate parry by De Sanctis.

Inter emerged in positive fashion after the interval, although Guarin drove his long-range effort from Alvaro Pereira's pass well wide and when the Uruguayan fed Cassano the Italian hit his close range shot straight at De Sanctis.

Napoli, however, pressed forward and when the ball fell to Gohkan Inler on the edge of the area the Swiss midfielder's well-struck volley brought a diving save from Samir Handanovic.

Napoli, however, had the ball in the net moments later with Cavani pouncing at the back post after Handanovic had performed heroics to somehow keep out desperate efforts. The goal galvanised Napoli but their claims for a penalty after Christian Maggio had fallen under pressure from a defender were waved away.

Both sides spurned further chances with Japanese wingback Yuto Nagatomo being denied by De Sanctis and then Inter living dangerously when Cavani's cross swept across a barren goalmouth and a backtracking Pereira nervously sending the ball out for a corner.

Cavani then won a freekick and when Insigne sent in an inviting curling ball for Maggio at the back post his headed effort went straight to Handanovic.

Despite seeing his side slip to third at five points behind Juve, Napoli coach Walter Mazzarri had few complaints.

"I'm happy with the way my players played, they came out more positively in the second half and we created several chances that we should have put away.

"If we continue to play like this, I'm sure we'll win a lot more matches."

Earlier, Juventus had a Stephan Lichsteiner strike early in the second half to thank for a 1-0 win away to Palermo on Antonio Conte's return to the touchline, while AC Milan continued their resurgence with a 4-2 win away to Torino.

The match signalled Conte's return to the touchline after he served a four-month ban for his alleged role in a match-fixing affair while at former club Siena.

He admitted: "It was a painful four months, but I've come out of this stronger."

After going a goal down to Argentinian Mario Santana, Milan scored four through Robinho, Antonio Nocerino, Giampaolo Pazzini and Stephan El Shaarawy before Rolando Bianchi scored a late consolation for the Granate.

Milan's sixth win leaves them seventh on 24 points, 14 behind champions Juventus, but was tempered by the likely loss of Dutch midfielder Nigel de Jong for the season after he suffered a ruptured Achilles tendon injury.

Lazio travel to Bolgna on Monday when they will hope to pull clear of city rivals Roma, who cemented fifth place Saturday thanks to a 4-2 win over Fiorentina.

Italian Serie A results

Palermo 0 Juventus 1
Pescara 2 Genoa 0
Cagliari 0 Chievo 2
Siena 1 Catania 3
Torino 2 AC Milan 4
Inter Milan 2 Napoli 1

-AFP/ac

Read More..

Google, Facebook ask court to reject patents on abstract ideas

As patent spats continue to command much of the tech world's attention and corporate resources, a group of prominent companies is taking a stand against a practice it sees as hobbling innovation.

Google, Facebook, Zynga and five other tech giants filed an amicus brief with the U.S. State Court of Appeals for the Federal Circuit on Friday, asking the court to reject the patents central to a lawsuit between two financial institutions. CLS Bank sued Alice Corp. for infringing on four patents covering a computerized method of having a third-party hold funds in escrow on behalf of two other contracting parties.

The 37-page brief (see below), also signed by Dell, Intuit, Homeaway, Rackspace, and Red Hat, argues that combining phrases such as "on a computer" or "over the Internet" with an abstract idea doesn't deserve a patent. The brief said the issue was "critically important in the high-tech context" and that granting patents stymie innovation:

Many computer-related patent claims just describe an abstract idea at a high level of generality and say to perform it on a computer or over the Internet. Such barebones claims grant exclusive rights over the abstract idea itself, with no limit on how the idea is implemented. Granting patent protection for such claims would impair, not promote, innovation by conferring exclusive rights on those who have not meaningfully innovated, and thereby penalizing those that do later innovate by blocking or taxing their applications of the abstract idea.

Calling abstract patents a "plague in the high-tech sector," the brief concludes that, "It is easy to think of abstract ideas about what a computer or website should do, but the difficult, valuable, and often groundbreaking part of online innovation comes next: designing, analyzing, building, and deploying the interface, software, and hardware to implement that idea in a way that is useful in daily life. Simply put, ideas are much easier to come by than working implementations."

The brief comes as companies grapple with a rash of lawsuits based on patents that are secured for the purpose of extracting licensing fees from other companies rather than making products based on the patents. A study released earlier this year found that patent infringement lawsuits are on the rise, costing U.S. companies $29 billion in 2011.

The explosion in patent lawsuits, especially in the software and pharmaceutical industries, led one judge presiding over high-profile cases to declare that "patent protection is on the whole excessive and that major reforms are necessary."

Facebook Google Amicus Brief

Read More..

Plane of singer Jenni Rivera missing in Mexico

In this Nov. 11, 2010 file photo, singer Jenni Rivera performs onstage during the 11th annual Latin Grammy Awards at the Mandalay Bay Events Center in Las Vegas, Nevada. / Kevin Winter/Getty Images for LARAS

MEXICO A small plane carrying Mexican-American singer Jenni Rivera went missing early Sunday after taking off from the city of Monterrey, authorities in northern Mexico confirmed Sunday.

Jorge Domene, spokesman for the Nuevo Leon state government, told Milenio television on Sunday that the plane left Monterrey about 3:30 a.m local time after a concert there and aviation authorities lost contact with the craft about 10 minutes later.

It had been scheduled to arrive in Toluca, which is located outside Mexico City, about an hour later.

Domene said a search for the plane was launched early Sunday, with helicopters from the local civilian protection agency flying over the state. He said seven people including the crew were believed to be aboard the U.S.-registered Learjet 25.

The 43-year-old who was born and raised in Long Beach, California, is known for her interpretations of Mexican regional music known as nortena and banda.

Read More..

Cowboys Players Were Like 'Brothers'

Dallas Cowboys players Joshua Price-Brent and Jerry Brown Jr., had a brotherly bond that began when they were teammates at the University of Illinois and carried on when they were both signed, in different years, to the NFL franchise.

But in an instant, the lives of the young, successful men who were living out their NFL dreams were altered.

Irving police suspect Price-Brent, 24, was intoxicated when he was behind the wheel of his 2007 Mercedes early Saturday morning. He was allegedly speeding when his car hit a curb, flipped, landed in the middle of a service road and caught fire, killing his passenger, Brown, 25, who had been a linebacker on the Cowboys practice squad.

Price-Brent, who is scheduled to be arraigned today on an intoxication manslaughter charge, released a statement Saturday night from his jail cell.

"I will live with this horrific and tragic loss every day for the rest of my life," he wrote.

His attorney, George Milner, called Brown's death a "tremendous loss" and said "this was like losing a little brother" for his client.

Kansas City Chiefs Player Jovan Belcher's Murder-Suicide Watch Video

Authorities were alerted to the accident, which occurred at about 2:21 a.m., by several 911 callers, Irving Police Department spokesman John Argumaniz said. When police arrived, they found Price-Brent pulling Brown from his 2007 Mercedes, which had caught fire, he said.

Brown was unresponsive and was transported to a local hospital, where he was pronounced dead.

It was not known where the men were coming from or where they were going, but Argumaniz said officers suspected alcohol may have been a factor in the crash and asked Price-Brent to perform field sobriety tests.

"Based on the results of the tests, along with the officer's observations and conversations with Price-Brent, he was arrested for driving while intoxicated," Argumaniz said.

This is the second week in a row an NFL player has been accused of being involved in another person's death. Jovan Belcher of the Kansas City Chiefs killed his girlfriend early Dec. 1, then committed suicide while talking to team officials in the parking lot at Arrowhead Stadium.

Jovan Belcher: Police Release Dash-Cam Videos of NFL Star's Final Hours

Price-Brent was taken to a hospital for a mandatory blood draw where he was treated for minor scrapes, Argumaniz said. He was then booked on an intoxication manslaughter charge after it was learned Brown had died of injuries suffered in the crash.

It is expected that results from the blood draw could take several weeks, the police spokesman said.

If convicted, the second-degree felony intoxication manslaughter charge carries a sentence of two to 20 years in prison and a $10,000 fine.

Milner suggested that ongoing construction in the area of the crash may have played a role.

Read More..

Egypt's opposition scorns Mursi's concession

CAIRO (Reuters) - A concession offered by President Mohamed Mursi failed to placate opponents who accused him on Sunday of plunging Egypt deeper into crisis by refusing to postpone a vote on a constitution shaped by Islamists.

Islamists say they see the referendum as sealing a democratic transition that began when a popular uprising toppled Hosni Mubarak 22 months ago after three decades of military-backed one-man rule.

Their liberal, leftist and Christian adversaries say the document being fast-tracked to a vote could threaten freedoms and fails to embrace the diversity of Egypt's 83 million people.

More protests were planned near Mursi's palace, despite tanks, barbed wire and other barriers installed last week after clashes between Islamists and their rivals killed seven people.

Mursi had given some ground the previous day when he retracted a fiercely contested decree giving himself extra powers and shielding his decisions from judicial review.

But the president insisted the constitutional referendum go ahead next Saturday and the Muslim Brotherhood, from which he sprang, urged the opposition to accept the poll's verdict.

Ahmed Said, a liberal leader of the main opposition National Salvation Front, described the race to a referendum as "shocking" and an "act of war" against Egyptians.

The Front has promised a formal response later on Sunday.

Egypt is torn between Islamists, who were suppressed for decades, and their rivals, who fear religious conservatives want to squeeze out other voices and restrict social freedoms. Many Egyptians just crave stability and economic recovery.

Brotherhood spokesman Mahmoud Ghozlan said the scrapping of Mursi's decree had removed any reason for controversy.

"We ask others to announce their acceptance of the referendum result," he said on the group's Facebook page, asking whether the opposition would accept "the basics of democracy".

The retraction of Mursi's November 22 decree, announced around midnight after a "national dialogue" boycotted by almost all the president's critics, has not bridged a deep political divide.

Prime Minister Hisham Kandil, a technocrat with Islamist leanings, said the referendum was the best test of opinion.

"The people are the makers of the future as long as they have the freedom to resort to the ballot box in a democratic, free and fair vote," he said in a cabinet statement.

"CONSTITUTION WITHOUT CONSENSUS"

But opposition factions, uncertain of their ability to vote down the constitution against the Islamists' organizational muscle, want the document redrafted before any vote.

"A constitution without consensus can't go to a referendum," said Hermes Fawzi, 28, a protester outside the palace. "It's not logical that just one part of society makes the constitution."

Egypt tipped into turmoil after Mursi grabbed powers to stop any court action aimed at hindering the transition. An assembly led by the Muslim Brotherhood and other Islamists then swiftly approved the constitution it had spent six months drafting.

Opponents, including minority Christians, had already quit the assembly in dismay, saying their voices were being ignored.

A leftist group led by defeated presidential candidate Hamdeen Sabahy demanded the referendum be deferred until a consensus could be reached on a new draft, saying there could be "no dialogue while blood is being spilled in the streets".

After the dialogue hosted by Mursi, a spokesman announced that the president had issued a new decree whose first article "cancels the constitutional declaration" of November 22. He said the referendum could not be delayed for legal reasons.

The decree ignited more than two weeks of sometimes bloody protests and counter-rallies in Egypt. Mursi's foes have chanted for his downfall. Islamists fear a plot to oust the most populous Arab nation's first freely elected leader.

The April 6 movement, prominent in the anti-Mubarak revolt, derided the result of Saturday's talks as "manipulation and a continuation of deception in the name of law and legitimacy".

Islamists reckon they can win the referendum and, once the new constitution is in place, a parliamentary poll about two months later. The Islamist-led lower house elected this year was dissolved after a few months by a court order.

Investors appeared relieved at Mursi's retraction of his decree, sending Egyptian stocks 4.4 percent higher on Sunday. Markets are awaiting approval of a $4.8 billion IMF loan later this month designed to support the budget and economic reforms.

The military, which led Egypt's transition for 16 turbulent months after Mubarak fell, told feuding factions on Saturday that only dialogue could avert "catastrophe". But a military source said these remarks did not herald an army takeover.

(Additional reporting by Edmund Blair and Yasmine Saleh; Editing by Stephen Powell)

Read More..