How Obama made opportunity real

STORY HIGHLIGHTS

• LZ Granderson: Specifics of Obama's first term may not be remembered


• He says his ability to win presidency twice is unforgettable


• Granderson: Obama, the first black president, makes opportunity real for many


• He says it makes presidency a possibility for people of all backgrounds

Editor's note: LZ Granderson, who writes a weekly column for CNN.com, was named journalist of the year by the National Lesbian and Gay Journalists Association and is a 2011 Online Journalism Award finalist for commentary. He is a senior writer and columnist for ESPN the Magazine and ESPN.com. Follow him on Twitter: @locs_n_laughs.

(CNN) -- In his first term, President Barack Obama signed 654 bills into law, the Dow Jones Industrial Average increased by about 70% and the national debt by $5.8 trillion.

And in 10 years -- maybe less -- few outside of the Beltway will remember any of that. That's not to suggest those details are not important. But even if all of his actions are forgotten, Obama's legacy as the first black president will endure.

And even though this is his second term and fewer people are expected to travel to Washington this time to witness the inauguration, know that this moment is not any less important.

LZ Granderson

Obama's address: Full text

For had Obama not been re-elected, his barrier-breaking election in 2008 could have easily been characterized as a charismatic politician capturing lightning in a bottle. But by becoming the first president since Dwight Eisenhower to win at least 51% of the vote twice, Obama proved his administration was successful.

And not by chance, but by change.

A change, to paraphrase Martin Luther King Jr., that was not inevitable but a result of our collective and continuous struggle to be that shining city on a hill of which President Ronald Reagan spoke so often.

For much of this country's history, being a white male was a legal prerequisite to being president. Then it was accepted as a cultural norm. Because of that, we could not be the country we set out to be.

But today, somewhere in the Midwest, there is a little Asian-American girl with the crazy idea she could be president one day, and because of Obama, she knows that idea is not very crazy at all.

That's power -- the kind of power that can fade urgent numbers and debates of the day into the background of history.

Gergen: Obama 2.0 version is smarter, tougher

Few remember the number of steps Neil Armstrong took when he landed on the moon, but they remember he was the first human being who stepped on the moon. Few can tell you how many hits Jackie Robinson had in his first Major League Baseball game, but they know he broke baseball's color barrier. Paying homage to a person being first at something significant does not diminish his or her other accomplishments. It adds texture to the arc of their story.

I understand the desire not to talk about race as a way of looking progressive.

But progress isn't pretending to be color blind, it's not being blinded by the person's color.

Or gender.

Or religion.

Or sexual orientation.

Somewhere in the South, there is an openly gay high schooler who loves student government and wants to be president someday. And because of Obama, he knows if he does run, he won't have to hide.

That does not represent a shift in demographics, but a shift in thought inspired by a new reality. A reality in which the president who follows Obama could be a white woman from Arkansas by way of Illinois; a Cuban-American from Florida; or a tough white guy from Jersey. Or someone from an entirely different background. We don't know. Four years is a long time away, and no one knows how any of this will play out -- which I think is a good thing.

'Obama: We are made for this moment'

For a long time, we've conceived of America as the land of opportunity. Eight years ago, when it came to the presidency, that notion was rhetoric. Four years ago, it became a once in a lifetime moment. Today, it is simply a fact of life.

Ten years from now, we may not remember what the unemployment rate was when Obama was sworn in a second time, but we'll never forget how he forever changed the limits of possibility for generations to come.

Somewhere out West, there is an 80-year-old black woman who never thought she'd see the day when a black man would be elected president. Somehow I doubt Obama's second inauguration is less important to her.

Follow us on Twitter @CNNOpinion.

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The opinions expressed in this commentary are solely those of LZ Granderson.

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Bank of Japan boosts fiscal 2013 GDP growth forecast

TOKYO: The Bank of Japan on Tuesday lifted its growth forecast for the country's economy in the fiscal year starting in March, a glimmer of positive news as the country struggles to cement a recovery.

The BoJ said it now expected Japan's gross domestic product to expand by 2.3 percent in the year ended March 2014, up from an earlier 1.6 percent forecast.

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3 Americans killed in Algeria

STORY HIGHLIGHTS

• NEW: The daughter of a Texas man killed says he was a "wonderful" father and person


• In addition to 37 confirmed dead, 5 hostages are unaccounted for, Algeria's leader says


• 7 Japanese, 6 Filipinos, 3 Britons and 3 Americans are among those killed, officials say


• An Algerian official says the gas plant will reopen and foreign workers will return

(CNN) -- At least 37 hostages died in the terrorist seizure of a natural gas facility in eastern Algeria and the subsequent special forces assaults on it, the country's prime minister said Monday.

Five other hostages are missing from the In Amenas complex and could be dead, Prime Minister Abdul Malek Sallal said.

Before Sallal's statement, officials from other countries and companies that employed foreign workers at the sprawling plant had confirmed 29 hostage deaths.

Seven of the 37 confirmed dead haven't been identified yet, according to the prime minister. Those who have been identified include seven Japanese, six Filipinos, three Americans, three Britons and one Algerian, officials from those countries said.

Some 29 militants also died, while three were captured, Sallal said, according to the state-run Algerian Press Service.

The standoff ended Saturday, after four days, when Algerian special forces stormed the complex for the second time. The government said it did so because the militants were planning to blow up the installation and flee to neighboring Mali with hostages.

"If it exploded, it could have killed and destroyed anything within 5 kilometers or further," Sallal said.

Read more: Bloody Algeria hostage crisis ends after 'final' assault, officials say

Militant says Mali unrest spurred assault; others say it followed ample planning

The crisis began Wednesday when Islamist extremists in pickup trucks struck the natural gas complex some 50 kilometers (30 miles) west of the Libyan border, gathered the Westerners who worked there into a group and tied them up.

After taking over, the well-armed militants planted explosives throughout the complex, Sallal said. They came from eight countries: Algeria, Tunisia, Egypt, Mali, Niger, Canada and Mauritania.

Algeria's military talked with the militants, but their demands that prisoners in the North African nation be released were deemed unreasonable, according to the prime minister. The country's special forces waged the assaults to free the hostages and were backed by the Algerian Air Force.

Read more: Nations scramble to account for missing after Algeria hostage crisis

At one point, the militants tried to flee the compound in vehicles that carried explosives and three or four hostages as human shields, Sallal said. At least two of the vehicles flipped and exploded during the attempt, he said.

Sallal said the terrorists had entered the country from northern Mali, where Malian and French authorities are battling Islamist rebels.

One-eyed veteran Islamist fighter Moktar Belmoktar has claimed responsibility for the hostage-taking on behalf of his al Qaeda-linked group, according to Mauritania's Sahara Media news agency.

Belmokhtar -- who was among 12 defendants, five like him still on the run, who were the subject of an Algerian court hearing Monday related to their terrorist involvement -- said the attack was in retaliation for Algeria allowing France to use its airspace to battle Islamist militants in Mali.

But regional analysts believe the operation was too sophisticated to have been planned so quickly, and Sallal said the hostage scheme had been hatched over months.

Algerian minister says gas plant will restart, foreign workers will return

The targeted gas facility is run by Algeria's state oil company, in cooperation with foreign firms such as Norway's Statoil and Britain's BP. Some 790 people worked there, including 134 foreign workers, Algeria's prime minister said.

Read more: Algerian forces seek 'peaceful' settlement of dramatic, deadly hostage crisis

British Prime Minister David Cameron said Monday the effort to evacuate workers is complete and that U.K. officials are now focused on bringing the bodies of slain British hostages back home.

Cameron praised Algerian forces for their work in ending the crisis, despite concerns from some nations earlier that the Algerians had unnecessarily put hostages at greater risk.

"This would have been a most-demanding task for security forces anywhere in the world, and we should acknowledge the resolve shown by the Algerians in undertaking it," the British leader said. "The responsibility for these deaths lies squarely with the terrorists."

Such Islamist militant activity is not new to Africa, including recent violence in Mali and Somalia.

Algeria's status as Africa's largest natural gas producer and a major supplier of the product to Europe heightens its importance to those who want to invest there. That interest is coupled with pressure to make sure foreign nationals, and their business ventures, are safe.

Energy and Mining Minister Youcef Yousfi, who a day earlier insisted Algeria can keep its gas facilities secure without foreign forces' help, said he believes the targeted gas facility will be back running "in the shortest possible time" and that foreign workers will soon return. Several foreign companies, including Statoil and BP, evacuated their workers from Algeria after the incident.

"I don't think that these workers have left definitively Algeria," Yousfi told reporters, according to the Algerian Press Service. "Maybe some left ... to reassure their families, but I want to ensure that no company or no worker permanently left the country."

Nations mourn dead, try to account for others

Here is a breakdown on the status of hostages from around the world who were involved in the crisis:

Colombia

Colombia's president said one of its citizens is presumed dead.

France

No known French hostages are unaccounted for, the defense ministry said.

A man identified as Yann Desjeux died after telling French newspaper Sud Ouest that he and 34 other hostages were treated well. It was unclear what led to his death.

Japan

Japanese Vice Foreign Minister Minoru Kiuchi and officials from JGC, a Yokohama-based engineering firm, saw and identified the bodies of seven Japanese citizens killed in the crisis, Chief Cabinet Secretary Yoshihide Suga announced late Monday.

Three Japanese remain unaccounted for, according to Suga.

Malaysia

Three hostages were on their way back home, state media reported. There is a "worrying possibility" that another is dead while a fifth is unaccounted for, the agency said.

Read more: Algeria attack may have link to Libya camps

Norway

Five Norwegians are missing, while eight are safe, according to Norwegian Prime Minister Jens Stoltenberg.

Philippines

Six Filipinos are confirmed dead and four are missing, the nation's foreign affairs ministry said. In addition, 16 Filipinos are alive and accounted for, according to a ministry spokesman.

Romania

One Romanian lost his life while four others were freed, the country's foreign ministry said.

United Kingdom

Three British citizens were killed, the Foreign Office said Sunday. Three other British nationals and a UK resident are also "believed dead," according to British officials. The Foreign Office confirmed the name of one slain hostage, Garry Barlow, in a statement Monday.

"Garry was a loving, devoted family man, he loved life and lived it to the full. He was very much loved by myself, his sons, mother and sister and the rest of his family and friends and will be greatly missed," the Foreign Office quoted his wife, Lorraine, as saying.

Twenty-two other Britons who were taken hostage have safely returned home.

United States

U.S. State Department spokesman Victoria Nuland on Monday said three Americans had been killed and identified them as Victor Lynn Lovelady, Gordon Lee Rowan and Frederick Buttaccio, who had been previously identified.

Seven U.S. citizens survived the crisis, added Nuland, who declined to comment further citing privacy considerations.

Erin Lovelady described her father Victor, of Nederland, Texas, as a laid-back, understanding and loving man.

"I want people to understand how wonderful my dad was, and how great a dad he was, and how much he's going to be missed by me and my mother and my brother," Erin Lovelady told CNN affiliate KFDM, describing herself as "daddy's little girl."

Gwen Eckholm called Rowan -- her former neighbor in Mesa, Arizona, who recently moved to eastern Oregon -- a "very intelligent, super-nice guy" who told her he felt safe working in Algeria.

He said "we're in a compound in the middle of nowhere, and we've got security, and I'll be fine," Eckholm told CNN affiliate KNXV. "I guess you can't really be secure any place."

Read more: Algeria attack may have link to Libya camps

CNN's Yoko Wakatsuki, Hamdi Alkhshali and Greg Botelho contributed to this report.

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Obama looks to past to set course for future

News Analysis

President Obama is a student of history - it was no coincidence that he formally announced his run to become the first African-American president back in 2007 at the Old State Capitol in Springfield, Illinois, where Abraham Lincoln delivered his "house divided" speech in 1858 - and his inaugural address today drew an unmistakable line between the nation's past and its prospects for the future.

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President Obama's second inaugural speech

The president opened his remarks by referencing Lincoln's words from that speech, stating that America came to realize at that point in history that "no union founded on the principles of liberty and equality could survive half-slave and half-free." He grounded his remarks in the Declaration of Independence's claim that "all men are created equal," tying it to both the American Revolution and rules mandating that there is fair play in the free market, to the need for a great nation to "protect its people from life's worst hazards and misfortune."

Later, he again invoked the declaration - though this time, he referred to the notion that "all of us are created equal" - before referencing three landmark moments in the battle for civil rights: The Seneca Falls Convention for women's rights, the clashes in Selma for African-American rights and the riots at New York's Stonewall Inn for gay rights. (The speech marked the first presidential inaugural in which LGBT rights have been referenced.)

He then pivoted from the triumphs of the past to the necessity of continuing the fight, calling for equal pay for women, equal rights for gay men and women, an elimination of long lines to vote, better treatment of immigrants, and, in an indirect reference to his desire to pass gun control legislation, the necessity of children from Detroit to Appalachia to Newtown to know "that they are cared for, and cherished, and always safe from harm."

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Brinkley on inaugural address: "A great civil rights speech"

At five separate moments in his second inaugural address, delivered to an estimated 500,000 to 700,000 people at the Capitol, Mr. Obama uttered the words "We, the people" - the opening words to the preamble of the Constitution. Those words were deployed to underscore the president's argument that Americans need to recognize that we are all in it together - and that while America celebrates initiative and enterprise, "preserving our individual freedoms ultimately requires collective action."

"For the American people can no more meet the demands of today's world by acting alone than American soldiers could have met the forces of fascism or communism with muskets and militias," he said. "No single person can train all the math and science teachers we'll need to equip our children for the future, or build the roads and networks and research labs that will bring new jobs and businesses to our shores. Now, more than ever, we must do these things together, as one nation, and one people." He went on to add that "we are made for this moment, and we will seize it - so long as we seize it together."

That idea underscored the positions Mr. Obama reiterated during the speech, which at times came closer to a policy-oriented State of the Union Address than an inaugural, which historically tends to be more about soaring rhetoric. (The president will offer his State of the Union on February 12.) In addition to arguing that economic inequality hampers the nation's success, he said that the future depends on harnessing "new ideas and technology to remake our government, revamp our tax code, reform our schools, and empower our citizens with the skills they need to work harder, learn more, and reach higher."

"We do not believe that in this country, freedom is reserved for the lucky, or happiness for the few," said the president. "We recognize that no matter how responsibly we live our lives, any one of us, at any time, may face a job loss, or a sudden illness, or a home swept away in a terrible storm. The commitments we make to each other - through Medicare, and Medicaid, and Social Security - these things do not sap our initiative; they strengthen us. They do not make us a nation of takers; they free us to take the risks that make this country great."

Mr. Obama also fit a call for a renewed focus on fighting climate change - an issue largely absent from his first-term agenda - into the notion of collective action for the common good, saying that "the failure to [address it] would betray our children and future generations."

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Axelrod on Obama's vision for economy

In addition to climate change, Mr. Obama's second term agenda involves pushing passage of gun control and immigration legislation, overseeing the further implementation of the health care law, winding down the war in Afghanistan, and continuing to try to find some way to come to a major agreement with Republicans to address the nation's massive debt and deficit.

He has signaled that to accomplish these goals, he will take a more confrontational approach with Republicans than he did in his first term -- an approach illustrated by his recent refusal to negotiate on raising the debt limit. His inaugural address offered little in the way of appeals for Washington bipartisanship; instead, Mr. Obama called on Americans in and out of the nation's capitol to come together to help the nation stay on the right path, even if the results are sometimes "imperfect."

"Progress does not compel us to settle centuries-long debates about the role of government for all time - but it does require us to act in our time," he said. "For now decisions are upon us, and we cannot afford delay."

It was an appeal grounded in the notion that America's strength comes from all its citizens, no matter their status. And it was offered by a president who knows the debt he owes to history - a president who sees himself both as a symbol of American progress and a vessel to keep it moving forward.

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Inauguration: 7.5 Things You Should Have Seen

A presidential inauguration is a big, long event that lasts all day and into the night–and who has time to really watch it? People have jobs, ones that don’t let you off for a federal holiday.

Everyone (or, at least, some) will be talking about it, which means potential embarrassment for anyone who doesn’t know what happened. Thankfully, ABC employs  news professionals stationed in Washington, D.C., to pay attention to these kinds of things and boil off some of the less noteworthy or interesting stuff, presenting you with short videos of everything that really mattered. Or at least the things a lot of people were talking about.

A full day of paying attention to President Obama’s second Inauguration leads one of those professionals to offer these 7 1/2 things:

1. Beyonce Sang the National Anthem

Boy, howdy! Did she ever? Beyonce has essentially become the Obama’s go-to female performer: She recorded a music video for Michelle Obama’s “Let’s Move” initiative in 2011, and she performed at the president’s last inauguration in 2009. Her velvety, soulful “Star Spangled Banner” is getting good reviews.

2. Kelly Clarkson Also Sang

Kelly Clarkson is not as “in” with the First Couple as Beyonce seems to be, but they let her sing “My Country ‘Tis of Thee,” and she did a pretty good job with it. This was kind of weird, though, because at one point she said she loved Ron Paul, although she later said she would vote for Obama.

3.  Obama Talked About Gay Rights

This may not seem shocking since more than half the country, including President Obama, supports gay marriage. But the president made a point of mentioning gay rights during his speech, equating the struggles of the LGBT community with those of  past civil rights movements, and in doing so made history.

He name-checked Stonewall, the New York City bar that was raided by police in 1969 sparking riots to protest the anti-gay crackdown. And he actually used the word “gay”: “Our journey is not complete until our gay brothers and sisters are treated like anyone else under the law – for if we are truly created equal, then surely the love we commit to one another must be equal as well,” Obama said in his address.

Plenty of inaugural addresses have been chock full of rhetoric about freedom and equality, but in the last four years, the political culture surrounding gay rights has changed significantly, as more states legalized same-sex marriage and as broad swaths of the country got more comfortable with homosexuality in general. Obama’s “evolution” on gay marriage, and now his inaugural address, have helped signify that change.

4. Joe Biden Made Jokes and Shook Hands With People

Could we expect anything less?

Here’s how the Vice President toasting Sen. Chuck Schumer instead of President Obama at the big luncheon:  ”I raise my glass to a man who never, never, never operates out of fear, only operates out of confidence, and a guy–I’m toasting you, Chuck.” Watch it:

And here he is, scurrying around and jovially shaking hands with people along the parade route:

5. Richard Blanco Read a Poem That Was Sort of Whitman-esque, But Not Entirely

Cuban-born Richard Blanco became America’s first openly gay, Latino Inauguration poet. He read a nine-stanza poem entitled “One Today,” which set a kind of unifying American tableau scene.

6. Obama and Michelle Walked Around Outside The Limo

President Obama walked part of the parade route, from the Capitol to the White House, with Michelle. They waved to people. It is not entirely abnormal for a president to do this at an inaugural parade. But they walked quite a ways.

7. John Boehner: ‘Godspeed’

The speaker of the House presented American flags to Obama and Biden, telling them: “To you gentlemen, I say congratulations and Godspeed.”

7 1/2. Sasha and Malia Were There. 

Obama’s daughters, Sasha and Malia, were there. They didn’t really do much, but they did wear coats of different shades of purple that got a lot of  attention on Twitter.

Reports of the daughters looking at smartphones and applying lip gloss highlighted their day. As did this .gif of Sasha yawning.

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Why Hollande must 'reset presidency'

John Gaffney says Francois Hollande, seen here at the Elysee Palace on January 11, 2013, needs to rethink his presidency.

STORY HIGHLIGHTS

• French President Francois Hollande and the country's Socialists are in a strong position


• Despite this, Hollande has made little progress since his election, says John Gaffney


• Gaffney: Hollande "like a stunned bunny in the headlights" of economic reality


• President must act now, and act decisively, to make France admired again, says Gaffney

Editor's note: John Gaffney is professor of politics and co-director of the Aston Centre for Europe, at the UK's Aston University.

(CNN) -- France is the fifth richest country in the world. It is the world's sixth largest exporter. It has the second largest diplomatic network in the world, after the US. It is a member of the UN Security Council. It is the most visited country in the world, welcoming 82 million visitors last year. It is a major nuclear power. It is the true founder of the European Union. And it is in a terrible mess.

Socialist Francois Hollande was elected president almost a year ago, ousting the deeply unpopular "Mr Bling," President Nicolas Sarkozy.

John Gaffney is professor of politics at Aston University in the UK.

France's Socialist left have never been so strong politically: They control the presidency, the government, both houses of parliament, the regions, and all the big towns and cities. And in his first eight months in office, Hollande has done virtually nothing. He is like a stunned bunny in the headlights of an oncoming vehicle called "Harsh Economic Reality."

Hollande has three fundamental problems. The first is that he doesn't have a plan. Tens of thousands of people are losing their jobs each week, and it is going to get worse and worse.

France faces a huge public spending crisis - in health, pensions, and now welfare, and a government debt of 90% of GDP. Not one single adequate measure has been put forward, nor even proposed in his eight months in office.

The second problem is that he lacks the political will to break the log-jams in French society: Making industry more competitive, reducing government spending. He cannot do these things because one of the constituencies he needs to take on -- the huge public sector -- is made up of the people who voted him into power.

He could take on the equally irresponsible banks -- they didn't vote for him -- but he risks sending the economy into a tailspin if he does.

And not only does he need to address the structural issues in France's economy and society, but he made the mistake of telling everyone he could solve the country's problems painlessly, or by taxing the super-rich, and he is not managing to do that either, so he is just taxing everyone else.

Now he faces the worst situation possible because no one believes a word he says. He delivered a robust New Year's message last week, watched by millions; yet 75% don't believe he can deliver on its promise.

In fact, the New Year's Eve wishes everyone in France did believe were the Churchillian tones of German Chancellor Angela Merkel. Her message was essentially the opposite of Hollande's bizarre optimism, which seems to involve little more than following the "Keep Calm and Carry On" mantra. But waiting for the upturn will find France unprepared and in a worse predicament than Spain or Italy, who are now busily restructuring their economies.

The third and fundamental problem Hollande has is that he does not understand the nature of the office he holds, the French Presidency of the Republic. If he did, he might find a way forward. In his New Year message he likened himself to a ship's captain. But he has to be one, not just say he is one. The office of French President is a highly complex mixture of the political and the symbolic. But it is fundamentally about leadership; that is leading not following, and taking the French with him.

Hollande urgently needs to reset his Presidency - and there are a few clear rules to do so:

He needs to take on the banks where necessary, take on the benefits system, the impediments to innovation and to setting up new businesses, take on the appalling situation of France's forgotten inner city misery; his need not be a hard-nosed liberal agenda.

No government in French history is in a better position to make France a more equal society while making it and its economy more efficient. He should focus on young people trying to set up their own business. Focus on small businesses generally. Drag France away from its drive to over regulate everything and throttle innovation. Tax the super-rich if necessary, as long as it contributes to the overall solution he is aiming for.

He also needs to get into step with Merkel and lead Europe with Germany, not pretend he is the spokesperson for the irresponsible spenders.

But above all, he should use the presidency in a more imaginative way: Begin an ongoing and exciting conversation with the French. No other office in the world, not even the presidency of the US, offers such scope for an intimacy between leader and population.

He should boldly use the referendum to build up and direct the conversation towards change and innovation. If the vested interests won't move, bring in the people. Use the referendum like de Gaulle did between 1958 and 1962, as a major political weapon to break the deadlocks in French political society.

In Europe and the wider world he has to make France admired again, as it once was. Inside France, he has to forget about not upsetting anyone. In fact, he should have a plan that upsets just about everybody. The French would love him for it.

So far it remains to be seen what impact his first major foreign policy challenge -- in Mali -- will have. As French forces, with the backing of the international community, go into the West African country to take on Islamist rebels, the coming weeks will tell us whether fate just gave to him the best or the worst opportunity to show the French, and the rest of the world, what he is made of.

The opinions expressed in this commentary are solely those of John Gaffney.

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Auction for Singapore's F&N begins

SINGAPORE: A rare auction for a listed Singaporean company opened on Monday with Thai and Indonesian tycoons facing off to take over diversified conglomerate Fraser and Neave (F&N).

The auction was called by a stock-market watchdog to resolve a protracted battle for F&N after it sold off its most prized asset, Tiger Beer maker Asia Pacific Breweries, to Dutch giant Heineken in September.

At stake are F&N's property, beverages and publishing operations.

A spokesman for the Securities Industry Council (SIC), which called for the auction, said the process officially opened on Monday after Thai billionaire Charoen Sirivadhanabhakdi made a fresh pre-auction bid over the weekend.

Charoen's TCC Assets said Saturday it was increasing its offer for F&N shares it does not own from S$8.88 ($7.24) a share to S$9.55.

The total S$13.75 billion offer trumped the S$13.1 billion, or S$9.08 per share, bid tabled by property firm Overseas Union Enterprise (OUE) in mid-November, but it was still lower than F&N's closing price last week.

The stock surged 1.25 percent, or 12 cents, to S$9.70 by 0130 GMT on Monday.

The revised bid leaves "the Thais in the driving seat this morning", IG Markets said in a report.

"The drawn-out sparring match for the prized asset of Fraser & Neave has reached the final round with the Thais delivering what could be the knockout punch," the report added.

OUE is controlled by Indonesia's Lippo Group, whose founder is Indonesian tycoon Mochtar Riady. His son Stephen is OUE's executive chairman.

Under the auction rules set by SIC, a daily bidding process will take place starting Monday until one party gives up.

F&N shareholders had reacted coolly to the original bids after an adviser gave a much higher valuation than those tabled by TCC Assets and OUE.

- AFP/al

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Stan 'The Man' Musial dies

Photo portrait of Stan Musial in the 1960s.

STORY HIGHLIGHTS

• Musial played 22 years in the Major League, all with the St. Louis Cardinals


• He retired in 1963 as, statistically, one of the best hitters in baseball history


• He died Saturday evening of natural causes, his grandson says


• Baseball commissioner, players, fans recall Musial as a great athlete and man

(CNN) -- He was simply "The Man."

Stanley Frank Musial made a name for himself as one of baseball's best hitters of all time on the field, as well as one of its greatest, most dignified ambassadors off it.

And now "Stan the Man" is gone. Musial died at his Ladue, Missouri, home surrounded by family, the Cardinals said in a statement. According to a post on his Twitter page, which is maintained by his grandson Brian Musial Schwarze, Musial died at 5:45 p.m. (6:45 p.m. ET) Saturday of natural causes.

He was 92.

"We have lost the most beloved member of the Cardinals family," said William DeWitt Jr., the club's chairman. "Stan Musial was the greatest player in Cardinals history and one of the best players in the history of baseball."

The Pennsylvania-born Musial transitioned from a lackluster pitcher to a stellar slugging outfielder, according to his biography on the National Baseball Hall of Fame's website.

The left-hander had a batting average above .300 17 times during his 22-year career -- all played with St. Louis -- and earned three National League Most Valuable Player awards as well as three World Series titles. The only blip came in 1945, in the thick of World War II, when he left baseball to join the U.S. Navy.

Stan Musial waves to fans during the 2012 National League Championship Series.

After the 1963 season, Musial retired with a .331 career batting average and as the National League's career leader in RBI, games played, runs scored, hits and doubles. He has since been surpassed in some of those categories, but he still ranks fourth in baseball history in total hits, behind only Pete Rose, Ty Cobb and Hank Aaron.

Hall of Fame manager Earl Weaver dead

He also stood out for his grace and sportsmanship -- having never been ejected once by an umpire. In his retirement ceremony, then-Major League Commissioner Ford Frick referred to Musial as "baseball's perfect warrior, baseball's perfect knight."

In 1969, Musial was elected on his first try into the Hall of Fame, calling it "the greatest honor of the many that have been bestowed upon me."

During and after his playing career, Musial developed a special relationship with the St. Louis fan base, who knew him simply as "Stan the Man."

A bronze statue of him stands outside Busch Stadium, which is located in Musial Plaza along Stan Musial Drive.

He continued with the organization for more than 25 years after his playing days ended, serving as vice president and general manager.

And Musial was active in the community, contributing to causes such as the USO, the Senior Olympics, the Boy Scouts and Covenant House.

People we lost in 2013

HIDE CAPTION

"I have no hesitation to say that St. Louis is a great place in which to live and work," he said in his Hall of Fame induction speech. "We love St. Louis."

His fans returned the favor, revering him for his play as well as his character and commitment to the area.

"Cardinal Nation will never be the same. Rest in peace Stan 'The Man' Musial, the best Cardinal there ever was," wrote one woman, by the name of Elise, on Twitter.

Musial also stood tall outside eastern Missouri. He served between 1964 and 1967 as chairman of the President's Council on Physical Fitness and Sports.

In 2011, President Barack Obama bestowed upon him the Presidential Medal of Freedom, the nation's highest civilian honor.

"Stan matched his hustle with humility," Obama said then. "Stan remains, to this day, an icon, untarnished; a beloved pillar of the community; a gentleman you'd want your kids to emulate."

Lillian, Musial's wife of 71 years, died last May -- a longlasting marriage that some people, online, called as admirable as anything that happened on the diamond.

Stan Musial's passing spurred an outpouring of condolences and praise. Commissioner Bud Selig described him as "a Hall of Famer in every sense" and "a true gentleman," former pitcher Curt Schilling called his life "a clinic in respect, integrity and honor," and current Cardinal Matt Holliday said it was "an honor to the same uniform."

The messages from fans were no less heartfelt.

Wrote Jason Lukehart, on Twitter: "In a week that's shown the dangers deifying athletes, Stan Musial's death reminds me that once in a great while, there's a man worthy of it."

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MLK's "content of character" quote inspires debate

"I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character."

This sentence spoken by the Rev. Martin Luther King Jr. has been quoted countless times as expressing one of America's bedrock values, its language almost sounding like a constitutional amendment on equality.

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Martin Luther King Jr.

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Martin Luther King III talks his father's legacy

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King, Civil Rights Act remembered

Yet today, 50 years after King shared this vision during his most famous speech, there is considerable disagreement over what it means.

The quote is used to support opposing views on politics, affirmative action and programs intended to help the disadvantaged. Just as the words of the nation's founders are parsed for modern meanings on guns and abortion, so are King's words used in debates over the proper place of race in America.

As we mark the King holiday, what might he ask of us in a time when both the president and a disproportionate number of people in poverty are black? Would King have wanted us to completely ignore race in a "color-blind" society? To consider race as one of many factors about a person? And how do we discern character?

For at least two of King's children, the future envisioned by the father has yet to arrive.

"I don't think we can ignore race," says Martin Luther King III.

"What my father is asking is to create the climate where every American can realize his or her dreams," he says. "Now what does that mean when you have 50 million people living in poverty?"

Bernice King doubts her father would seek to ignore differences.

"When he talked about the beloved community, he talked about everyone bringing their gifts, their talents, their cultural experiences," she says. "We live in a society where we may have differences, of course, but we learn to celebrate these differences."

The meaning of King's monumental quote is more complex today than in 1963 because "the unconscious signals have changed," says the historian Taylor Branch, author of the acclaimed trilogy "America in the King Years."

Fifty years ago, bigotry was widely accepted. Today, Branch says, even though prejudice is widely denounced, many people unconsciously pre-judge others.

"Unfortunately race in American history has been one area in which Americans kid themselves and pretend to be fair-minded when they really are not," says Branch, whose new book is "The King Years: Historic Moments in the Civil Rights Movement."

Branch believes that today, King would ask people of all backgrounds - not just whites - to deepen their patriotism by leaving their comfort zones, reaching across barriers and learning about different people.

"To remember that we all have to stretch ourselves to build the ties that bind a democracy, which really is the source of our strength," Branch says.

Bernice King says her father is asking us "to get to a place - we're obviously not there - but to get to a place where the first thing that we utilize as a measurement is not someone's external designation, but it really is trying to look beyond that into the substance of a person in making certain decisions, to rid ourselves of those kinds of prejudices and biases that we often bring to decisions that we make."

That takes a lot of "psychological work," she says, adding, "He's really challenging us."

For many conservatives, the modern meaning of King's quote is clear: Special consideration for one racial or ethnic group is a violation of the dream.

The quote is like the Declaration of Independence, says Roger Clegg, president of the Center for Equal Opportunity, a conservative think tank that studies race and ethnicity. In years past, he says, America may have needed to grow into the words, but today they must be obeyed to the letter.

"The Declaration of Independence says all men are created equal," Clegg says. "Nobody thinks it doesn't really mean what it says because Thomas Jefferson owned slaves. King gave a brilliant and moving quotation, and I think it says we should not be treating people differently on the basis of skin color."

Many others agree. King's quote has become a staple of conservative belief that "judged by the color of their skin" includes things such as unique appeals to certain voter groups, reserving government contracts for Hispanic-owned businesses, seeking more non-white corporate executives, or admitting black students to college with lower test scores.

In the latest issue of the Weekly Standard magazine, the quote appears in the lead of a book review titled "The Price Was High: Affirmative Action and the Betrayal of a Colorblind Society."

Considering race as a factor in affirmative action keeps the wounds of slavery and Jim Crow "sore and festering. It encourages beneficiaries to rely on ethnicity rather than self-improvement to get ahead," wrote the author, George Leef.

Last week, the RightWingNews.com blog included "The idea that everyone should be judged by the content of their character, not the color of their skin" in a list of "25 People, Places and Things Liberals Love to Hate."

"Conservatives feel they have embraced that quote completely. They are the embodiment of that quote but get no credit for doing it," says the author of the article, John Hawkins. "Liberals like the idea of the quote because it's the most famous thing Martin Luther King said, but they left the principles behind the quote behind a long time ago."

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Obamas Share the Love, Even for Michelle's Bangs

Jan 20, 2013 10:49pm

(Charles Dharapak/AP Photo)

President Obama used the first public remarks of his second term to address what he called the “most significant” event of this weekend: his wife’s much-talked-about new haircut.

“I love her bangs,” Obama told supporters at an inaugural reception at the National Building Museum. “She looks good. She always looks good.”

First lady Michelle Obama, wearing a black sequined cocktail dress and showcasing her new hairdo, also heaped compliments on her husband.

“Let me tell you, it has just been a true thrill to watch this handsome, charming individual grow into the man and the president that he is,” she said, as she reached out to playfully touch the president’s face, sparking laughter from the crowd.

Praising his compassion and courage, the first lady introduced the president as the “love of her life.”

Obama, who was sworn in for a second term in a small White House ceremony earlier today, kept his remarks short, noting he has another big speech to deliver Monday.

“There are a limited amount of good lines and you don’t want to use them all up tonight,” he joked.

Because the Constitutionally mandated date for the inauguration, Jan. 20, fell on a Sunday this year, the traditional, public ceremony was delayed until Monday.

Saving the best for his official inaugural address, the president instead dedicated the bulk of his remarks to thanking supporters for their hard work and dedication to getting him re-elected.

“You understood this was not just about a candidate; it was not just about Joe Biden or Barack Obama. This was about us, who we are as a nation, what values we cherish, how hard we’re willing to fight to make sure that those values live not just for today but for future generations,” he said.

“All of you here understood and were committed to the basic notion that when we put our shoulders to the wheel of history, it moves… It moves forward. And that’s part of what we celebrate when we come together for inauguration,” he said.

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