CDC: Flu seems to level off except in the West

New government figures show that flu cases seem to be leveling off nationwide. Flu activity is declining in most regions although still rising in the West.

The Centers for Disease Control and Prevention says hospitalizations and deaths spiked again last week, especially among the elderly. The CDC says quick treatment with antiviral medicines is important, in particular for the very young or old. The season's first flu case resistant to treatment with Tamiflu was reported Friday.

Eight more children have died from the flu, bringing this season's total pediatric deaths to 37. About 100 children die in an average flu season.

There is still vaccine available although it may be hard to find. The CDC has a website that can help.

___

CDC: http://www.cdc.gov/flu/

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Wall Street Week Ahead: Bears hibernate as stocks near record highs

NEW YORK (Reuters) - Stocks have been on a tear in January, moving major indexes within striking distance of all-time highs. The bearish case is a difficult one to make right now.

Earnings have exceeded expectations, the housing and labor markets have strengthened, lawmakers in Washington no longer seem to be the roadblock that they were for most of 2012, and money has returned to stock funds again.

The Standard & Poor's 500 Index <.spx> has gained 5.4 percent this year and closed above 1,500 - climbing to the spot where Wall Street strategists expected it to be by mid-year. The Dow Jones industrial average <.dji> is 2.2 percent away from all-time highs reached in October 2007. The Dow ended Friday's session at 13,895.98, its highest close since October 31, 2007.

The S&P has risen for four straight weeks and eight consecutive sessions, the longest streak of days since 2004. On Friday, the benchmark S&P 500 ended at 1,502.96 - its first close above 1,500 in more than five years.

"Once we break above a resistance level at 1,510, we dramatically increase the probability that we break the highs of 2007," said Walter Zimmermann, technical analyst at United-ICAP, in Jersey City, New Jersey. "That may be the start of a rise that could take equities near 1,800 within the next few years."

The most recent Reuters poll of Wall Street strategists estimated the benchmark index would rise to 1,550 by year-end, a target that is 3.1 percent away from current levels. That would put the S&P 500 a stone's throw from the index's all-time intraday high of 1,576.09 reached on October 11, 2007.

The new year has brought a sharp increase in flows into U.S. equity mutual funds, and that has helped stocks rack up four straight weeks of gains, with strength in big- and small-caps alike.

That's not to say there aren't concerns. Economic growth has been steady, but not as strong as many had hoped. The household unemployment rate remains high at 7.8 percent. And more than 75 percent of the stocks in the S&P 500 are above their 26-week highs, suggesting the buying has come too far, too fast.

MUTUAL FUND INVESTORS COME BACK

All 10 S&P 500 industry sectors are higher in 2013, in part because of new money flowing into equity funds. Investors in U.S.-based funds committed $3.66 billion to stock mutual funds in the latest week, the third straight week of big gains for the funds, data from Thomson Reuters' Lipper service showed on Thursday.

Energy shares <.5sp10> lead the way with a gain of 6.6 percent, followed by industrials <.5sp20>, up 6.3 percent. Telecom <.5sp50>, a defensive play that underperforms in periods of growth, is the weakest sector - up 0.1 percent for the year.

More than 350 stocks hit new highs on Friday alone on the New York Stock Exchange. The Dow Jones Transportation Average <.djt> recently climbed to an all-time high, with stocks in this sector and other economic bellwethers posting strong gains almost daily.

"If you peel back the onion a little bit, you start to look at companies like Precision Castparts , Honeywell , 3M Co and Illinois Tool Works - these are big, broad-based industrial companies in the U.S. and they are all hitting new highs, and doing very well. That is the real story," said Mike Binger, portfolio manager at Gradient Investments, in Shoreview, Minnesota.

The gains have run across asset sizes as well. The S&P small-cap index <.spcy> has jumped 6.7 percent and the S&P mid-cap index <.mid> has shot up 7.5 percent so far this year.

Exchange-traded funds have seen year-to-date inflows of $15.6 billion, with fairly even flows across the small-, mid- and large-cap categories, according to Nicholas Colas, chief market strategist at the ConvergEx Group, in New York.

"Investors aren't really differentiating among asset sizes. They just want broad equity exposure," Colas said.

The market has shown resilience to weak news. On Thursday, the S&P 500 held steady despite a 12 percent slide in shares of Apple after the iPhone and iPad maker's results. The tech giant is heavily weighted in both the S&P 500 and Nasdaq 100 <.ndx> and in the past, its drop has suffocated stocks' broader gains.

JOBS DATA MAY TEST THE RALLY

In the last few days, the ratio of stocks hitting new highs versus those hitting new lows on a daily basis has started to diminish - a potential sign that the rally is narrowing to fewer names - and could be running out of gas.

Investors have also cited sentiment surveys that indicate high levels of bullishness among newsletter writers, a contrarian indicator, and momentum indicators are starting to also suggest the rally has perhaps come too far.

The market's resilience could be tested next week with Friday's release of the January non-farm payrolls report. About 155,000 jobs are seen being added in the month and the unemployment rate is expected to hold steady at 7.8 percent.

"Staying over 1,500 sends up a flag of profit taking," said Jerry Harris, president of asset management at Sterne Agee, in Birmingham, Alabama. "Since recent jobless claims have made us optimistic on payrolls, if that doesn't come through, it will be a real risk to the rally."

A number of marquee names will report earnings next week, including bellwether companies such as Caterpillar Inc , Amazon.com Inc , Ford Motor Co and Pfizer Inc .

On a historic basis, valuations remain relatively low - the S&P 500's current price-to-earnings ratio sits at 15.66, which is just a tad above the historic level of 15.

Worries about the U.S. stock market's recent strength do not mean the market is in a bubble. Investors clearly don't feel that way at the moment.

"We're seeing more interest in equities overall, and a lot of flows from bonds into stocks," said Paul Zemsky, who helps oversee $445 billion as the New York-based head of asset allocation at ING Investment Management. "We've been increasing our exposure to risky assets."

For the week, the Dow climbed 1.8 percent, the S&P 500 rose 1.1 percent and the Nasdaq advanced 0.5 percent.

(Reporting by Ryan Vlastelica; Additional reporting by Chuck Mikolajczak; Editing by Jan Paschal)

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Syrian Refugees Pour Into Jordan in Record Numbers, U.N. Says

BEIRUT, Lebanon — More than 6,000 Syrians have fled to Jordan over the past two days, a record influx that prompted the Jordanian monarch, Abdullah II, to call Friday for more international aid, even as the Syrian government urged refugees to return in a bid that was met with broad skepticism among antigovernment activists.

The accelerating flight from Syria into Jordan and Lebanon has occurred as fighting has raged near the southern city of Dara’a and in the northern province of Homs, where an increasing number of villages have been nearly emptied of residents, according to antigovernment activists inside Syria and people who recently fled the area for Lebanon. The government has recently stepped up its offensive in Homs in what may be an effort to clear a route from the capital, Damascus, to the pro-government strongholds on the coast.

In the northern province of Idlib, rebels declared that they had taken over the central prison and freed scores of prisoners. Antigovernment activists posted videos of fighters prying open barred windows to allow prisoners to escape.

More than 4,000 Syrians arrived at the Zaatari camp in northern Jordan on Thursday, and another 2,000 overnight, according to Melissa Fleming, the spokeswoman for the United Nations High Commissioner for Refugees.

The influx, consisting mainly of families led by women, brought to more than 30,000 the number of Syrians reaching Zaatari this month, close to double December’s number, Ms. Fleming said, speaking in Geneva.

Many had come from the city and the suburbs of Dara’a, she said, describing a “real day-to-day struggle to survive” in the face of combat damage, the closure of medical facilities and shortages of food, water and electricity.

The Zaatari camp, which opened in July, already has some 65,000 people, and the agency said it was working with Jordan to open a second camp by the end of the month to initially accommodate 5,000 refugees and eventually some 30,000.

The refugee agency reported that it was trying to register Syrians elsewhere in Jordan and expected to have 50,000 by the end of February, but it noted that the Jordanian authorities say 300,000 Syrians have now entered the country. The number of Syrian refugees in the region is approaching 700,000, the refugee agency said, with 221,000 registered in Lebanon, 156,000 in Turkey and 76,000 in Iraq.

At the World Economic Forum in Davos, Switzerland, King Abdullah issued an urgent call for help.

“I cannot emphasize enough the challenges that we are all facing, both in Jordan and Lebanon, and it’s only going to get worse,” he said. “What we’re asking from the international community is not just to help us with the refugee problems and their challenges as they face this harsh winter, but also stockpiling in Jordan so that we can move supplies across the borders to keep people in place.”

Jordan’s fears for its own stability surfaced last week when the country’s prime minister, Abdullah Ensour, said that if the Syrian government collapsed, Jordan would not accept more refugees but would use its military to create safe havens inside Syria for those displaced by conflict.

Syria’s interior minister issued a call late Thursday for refugees to return to the country, promising that even those who fled without their identity cards would be welcomed back.

The government also said, in a statement on the state-run news agency SANA, that political opposition groups were free to enter the country to take part in a national dialogue aimed at creating a transitional government — and that they would be free to leave the country as well.

Government opponents commented widely on social media that the offer could be interpreted as a trap. The authorities also called on people to pray for peace on Friday, a day after the holiday celebrating the birth of the Prophet Muhammad.

State television showed hundreds of people praying at the Umayyad Mosque in central Damascus, as a senior cleric prayed for President Bashar al-Assad and asked God for “a miracle of your many miracles, to cleanse our country from oppression and of those rogues who commit injustice, murder and slaughter.”

In Homs, activists reported that the government was shelling the neighborhoods of Juret al-Shiyah and Khaldiyeh, which have been heavily damaged by months of fighting. They also said a family, including five children, had been found killed and burned at home.

Anne Barnard reported from Beirut, and Nick Cumming-Bruce from Geneva. Hwaida Saad contributed reporting from Beirut.

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Spanish newspaper sorry for “false photo” of Venezuela’s Chavez

MADRID/CARACAS (Reuters) – Spain‘s influential El Pais newspaper apologized on Thursday for splashing a “false photo” of Venezuela‘s cancer-stricken leader Hugo Chavez on its front page, prompting a furious response from the government in Caracas, which vowed to take legal action.

Within minutes of posting the image online as a global exclusive, El Pais said it had discovered from social media that the photo was not of Chavez. It removed it from its website and withdrew its print edition.

Venezuela’s government said the publication of the photo – which showed the head of a man lying down with a breathing tube in his mouth – was “grotesque,” while Argentinian President Cristina Fernandez, a close ally of Chavez, called it vile.

“El Pais apologizes to its readers for the damage caused. The newspaper has opened an investigation to determine the circumstances of what happened and the errors that were committed in the verification of the photo,” the paper said.

Chavez, 58, is fighting to recover in Cuba after undergoing his fourth cancer operation in just 18 months. He has not spoken or appeared in public for six weeks, fuelling speculation about how serious his condition is.

El Pais, one of the world’s biggest Spanish-language publications and an institution both in Spain and in Latin America, said it received the grainy image from the agency Gtres Online, which it said represents 60 other agencies in Spain.

In a statement, El Pais said the newspaper was told it had been taken seven days earlier by a Cuban nurse who was part of Chavez’s medical team, and was then sent to the nurse’s sister, who lives in Spain.

“The agency has acknowledged it was deceived by those who provided the material and will take legal action,” El Pais said.

The photo was on the newspaper’s website for half an hour and also appeared in early editions of the print version that were then pulled from newsstands and replaced with a new edition with a different front page.

In Venezuela, anxious Chavez supporters and opponents alike are waiting for any new picture, video or audio message from the socialist leader, who is famed for filling the airwaves with long-winded speeches, jokes and withering jabs at his foes.

NO SIGHT OF CHAVEZ

Officials say his condition is improving after he suffered multiple complications, including unexpected bleeding and a severe respiratory problem following the December 11 surgery.

But, in contrast to Chavez’s previous visits to Havana, officials have not published any evidence of his condition. In 2011, with great fanfare, they broadcast video footage of him reading a newspaper, walking in a garden, and chatting with his friend and mentor, Cuba’s ex-leader Fidel Castro.

In the absence of such proof this time, many Venezuelans are questioning the terse official bulletins and suspect Chavez’s extraordinary 14 years in power could be coming to an end.

The president has never said exactly what type of cancer he has, only that the initial tumor found in mid-2011 was in his pelvic area and was the size of a baseball.

Venezuelan opposition leaders have long accused the government of secrecy over his illness, while supporters accuse “bourgeois” local and foreign media of being in league with the opposition to spread rumors he is at death’s door.

The handling of information relating to Chavez’s health has become as contentious as the man himself, and his administration’s updates have been confusing and contradictory.

The government says it has never been more transparent. It described El Pais’s publication of the picture – a screengrab from an unrelated 2008 video – as part of efforts by far-right political forces to attack Chavez’s self-styled revolution.

It said it would take appropriate legal action, and that the newspaper’s apology to its readers was not enough.

“Neither their disgusting photos nor their systematic campaigns will stop the president’s advance,” Information Minister Ernesto Villegas told a news conference in Caracas.

“Would El Pais publish a similar photo of a European leader? Of its director? Sensationalism is valid if the victim is a revolutionary ‘sudaca’,” he added, using a pejorative term that is sometimes used in Spain to refer to Latin Americans.

(Editing by Eric Walsh)

(This story was refiled to correct the spelling of Venezuela in the headline)

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Lindsey Vonn & Tiger Woods: Are They Dating?

By Elizabeth Leonard and Dahvi Shira

01/25/2013 at 07:05 PM EST

Lindsey Vonn and Tiger Woods

Kevin Mazur/Wireimage; Stanley Chou/Getty

Has Tiger Woods struck gold in his love life with Olympian Lindsey Vonn?

They have the Internet buzzing with dating rumors, following a report they have been spending time together in Antigua and skiing on the slopes of Austria this month.

True? Or should be put this one on ice?

Woods's rep wasn't immediately available for comment, but Vonn's rep says the skier is thinking only of snow right now.

"Lindsey is currently in the midst of the World Cup season in Europe," her rep tells PEOPLE. "Her focus is solely on competing and on defending her titles and thus she will not participate in any speculation surrounding her personal life at this time."

This is not the first time Vonn, 28, has been linked to another star athlete. Right after announcing her split from husband Thomas Vonn in Nov. 2011, rumors flew that she was dating Tim Tebow. She quickly shot down those reports on Twitter.

Woods, 37, who was caught up in a highly publicized cheating scandal in 2009, hasn't been seriously linked to anyone since splitting from his ex-wife, Elin Nordegren.

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CDC: Flu seems to level off except in the West

New government figures show that flu cases seem to be leveling off nationwide. Flu activity is declining in most regions although still rising in the West.

The Centers for Disease Control and Prevention says hospitalizations and deaths spiked again last week, especially among the elderly. The CDC says quick treatment with antiviral medicines is important, in particular for the very young or old. The season's first flu case resistant to treatment with Tamiflu was reported Friday.

Eight more children have died from the flu, bringing this season's total pediatric deaths to 37. About 100 children die in an average flu season.

There is still vaccine available although it may be hard to find. The CDC has a website that can help.

___

CDC: http://www.cdc.gov/flu/

Read More..

S&P rises for seventh day but 1,500 too steep a climb

NEW YORK (Reuters) - The smallest of gains gave the Standard & Poor's 500 its seventh straight winning day on Thursday, but the index failed to hold above the 1,500 line, restrained by Apple's worst day in more than four years.

Apple Inc slid 12.4 percent to $450.50 a day after it posted revenue that missed Wall Street's forecast as iPhone sales were poorer than expected.

The sharp drop wiped out nearly $60 billion in Apple's market capitalization to less than $423 billion, leaving the company vulnerable to losing its status as the most valuable U.S. company to second-place ExxonMobil , at $416.5 billion.

The S&P 500, however, managed to hit its longest winning streak since October 2006.

"The market has sent the message it is no longer driven by the whims of Apple," said Ken Polcari, director of the NYSE floor division at O'Neil Securities in New York.

The S&P 500 briefly traded above 1,500 for the first time since December 12, 2007, but failed to hold above it, indicating that momentum is waning and a pullback is in the charts.

"If the market had a little bit more excitement to it, momentum players would have jumped after it broke through 1,500. Investors know the market is a little bit ahead of itself," Polcari said.

Economic data helped buoy equities as U.S. factory activity grew the most in nearly two years in January and new claims for jobless benefits dropped to a five-year low last week, giving surprisingly strong signals on the economy's pulse.

At the same time, Chinese manufacturing grew this month at the fastest pace in about two years, while data suggesting German growth picked up boosted hopes for a euro-zone recovery.

"PMI in Asia, Europe, and obviously, here in the United States, is moving in the right direction, and that's stuff people should be excited about," Polcari said.

The Dow Jones industrial average <.dji> rose 46 points or 0.33 percent, to 13,825.33 at the close. The S&P 500 <.spx> inched up just 0.01 of a point, or 0 percent, to finish at 1,494.82. The Nasdaq Composite <.ixic> dropped 23.29 points or 0.74 percent, to end at 3,130.38, with most of that loss on Apple's slide.

The broader Russell 2000 index <.rut> also hit a milestone as it closed above 900 points for the first time.

Video streaming service Netflix Inc surprised Wall Street with a quarterly profit after it added nearly 4 million customers in the United States and abroad. Netflix shares surged 42.2 percent to $146.86, its biggest percentage jump ever.

Earnings have helped drive the stock market's recent rally. Thomson Reuters data through early Thursday showed that of the 133 S&P 500 companies that have reported earnings so far, 66.9 percent have exceeded expectations - above the 65 percent average over the past four quarters.

About 6.8 billion shares changed hands on the New York Stock Exchange, the Nasdaq and NYSE MKT, below the daily average during January 2012 of about 6.93 billion shares.

Roughly five issues rose for every four that fell on both the NYSE and Nasdaq.

(Editing by Jan Paschal)

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India Ink: In India, a Rise of Private Universities and Liberal Arts Programs

Higher Education

The Choice on India Ink

Guidance on American college applications for readers in India from The Times’s admissions blog.

If you are a student who is interested in taking a variety of university courses and having time to narrow your career options, then a liberal arts education may be an ideal fit for you.

A number of new private universities with liberal arts programs have sprung up in India. There were fewer than 20 such schools in 2005, and there are more than 100 now, according to a report by Shiv Nadar University.

According to the report, since 2008 India has seen a 40-percent increase in students choosing to enroll in private universities instead of public schools, which require students to choose a discipline for admission (and are increasingly difficult to get into).

Private universities offer more choice, but they come at a much higher price. Annual tuition can run as high as 40,000 rupees, compared with 360 rupees at Delhi University’s St. Stephen’s College, for example. That is because these private universities — which are often started by entrepreneurs and investors — are generally for-profit businesses, unlike the government schools, which are highly subsidized. Private university owners say the for-profit models gives them the ability to provide students with experienced, well-paid professors.

One of the newest of these private schools is Shiv Nadar University in Noida, a suburb of Delhi. The university, when it opened its doors last year, offered programs in engineering, math and natural sciences to its first batch of 274 students. This year, it began its School of Humanities and Social Sciences, and the student population has risen to 574. As at liberal arts schools in the United States, students at Shiv Nadar University are required to take a core curriculum of varied subjects, regardless of their major.

In this week’s installment of The Choice on India Ink, we’re taking a look at the rise of private universities and liberal arts programs in India. We sat down with Nikhil Sinha, the vice chancellor at Shiv Nadar University, and Sanjeev Agrawal, the dean of studies, to find out more about why the university has chosen its interdisciplinary approach over the specializing method of most other Indian universities.

Some questions and answers have been edited, including for space and style.

Why do you feel it’s necessary for students to study a wide variety of subjects?

Mr. Agrawal: Whether you’re an economics or English major, you still have to take courses in things like history, biology and psychology in order to say you’ve had a well-rounded education. We aim for our students to be global citizens who are knowledgeable about many subjects, not just one.

Where do your professors come from?

Mr. Sinha: Despite the fact that the school is still in its early stages, professors from universities outside of India – from places like Harvard and Berkeley in the United States to Oxford in the United Kingdom – currently teach and continue to express interest in teaching at S.N.U. It’s an initiative that many want to be a part of building. Over 70 percent of our incoming faculty and half of our current faculty have either taught or studied abroad.

You can devise the right curricula, but unless you have the professors to back it up, you won’t get anywhere. I think many of them want to see this work.

Your students are required to do some kind of work over summer vacation. Can you tell us why that is?

Mr. Agrawal: We want our students to apply their studies to real-life situations, so they can also see where all their hard work is going. We feel the best way that can be done is through some kind of experience over the summer, whether that’s at an internship or doing research for a professor at the university or summer classes.

We want them to be able to compete alongside students from other universities in an international sense, and since many of those students are furthering their interests and working over summer while on break, we thought we’d make it a required part of our program so that they can have the same opportunities once they graduate.

Tell us a little bit about your plans for exchange programs.

Mr. Sinha: We’ve begun plans to collaborate with colleges in the United States for exchange programs and dual degrees, since that’s definitely something we’d like to offer our students and students abroad. We’ve been in contact with a few universities about students attending our university and theirs, and graduating with degrees from both schools. This will provide the students with experience both in India and overseas, and they’ll also have an easier time working abroad if that’s what they prefer. We want foreign students to look to S.N.U. one day as a place to come to study for all four years, not just for one year as exchange students.

---

For members of the Shiv Nadar University team, the road ahead is still long, but they feel it will be worth the wait.

“It will take some time before we’re able to offer everything we’d like to,” Mr. Agrawal said. “But our current students are really enjoying their courses, and the fact that they’re able to contribute to the making of the school curriculum and vision. A lot of feedback comes from them, and as long as they remain engaged and interested, we know we’re on the right track. Other universities are also beginning to be aware of that.”

This may be true. As the number of private universities continues to grow, public universities are beginning to follow their lead by offering interdisciplinary programs to their students. Examples of these universities include the Jawaharlal Nehru University and the University of Delhi, which announced the opening of its four-year liberal arts program, Meta College, at the start of this semester.

According to The Indian Express, University of Delhi admissions officers received an “overwhelming response” from students eager to get into the program.

“We received over 100 applications just two days after making the announcement,” said the program co-coordinator, Madar Chaturvedi.

Over all, the S.N.U. team is confident that this new trend will continue to grow within India.

“It’s important that students aren’t forced to commit to a field of study right out of eighth grade,” Mr. Sinha said. “They should have choices, and they should be familiar with the kinds of opportunities that are out there for them. Not just in India, but all over the world.”

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Nintendo Reaches into Wii U Grab Bag, Pulls Out Some Vague, Some Fascinating Promises

It’s been a ho-hum 2013 for Nintendo’s Wii U so far: some carry-over posturing about scads of “launch window” titles, but less than a handful of games with bankable release dates. When I checked the hopper for January, February and March, I counted four, maybe five Wii U titles with firm dates, all of them least a month or two off.

That’s not how you move systems, and Nintendo ran damage control Wednesday morning by trotting out company president Satoru Iwata in a broad-ranging (and reaching) “Wii U Direct” video effort to soothe jittery system owners and would-be buyers still waiting for slam dunks. Call it Nintendo circling its wagons…or maybe just an “if you squint you can make it out on the horizon” wagon-train parade.

(MORE: Mostly Piano, Not Pretender: Yamaha’s AvantGrand N2 a Year Later)

“In past Nintendo dialogues, we have focused more on games releasing in the near future, but it’s still early in 2013, so I’d like to change the format a little bit,” said Iwata before launching into a sneak preview of what Nintendo has cooking.

For starters, Iwata says the Wii U will see at least two major system updates this year: one in the spring, another during the summer. Arguably the most important of these involves a desperately needed fix for the crazy-long time it takes to launch apps or reload the Wii U Menu — a process that can take up to 30 seconds. Imagine if each time you backed out of an iOS app it took half a minute to bring up iOS’s icon overlay. That’d be insane, and it’s a shame quality control didn’t view load times as prohibitive enough to remedy before the launch in November. Thank goodness Nintendo’s working to put things right.

Iwata also mentioned finally debuting the long-awaited Wii U Virtual Console – Nintendo’s vehicle to sell old-school NES and Super NES games – just after the spring system update. The Virtual Console’s been missing in action since the Wii U launched, despite its longstanding availability on the original Wii. That, according to Iwata, is because Wii U Virtual Console games are poised to offer features their Wii counterparts didn’t, like being able to save backups of your game progress, the option to play away from the TV on the Wii U GamePad, access to Miiverse communities for these older games and support for additional platforms like the Game Boy Advance (never released on the Wii Virtual Console).

If you’ve already purchased the Wii Virtual Console version of a game, it sounds like you’ll have to pay again, though Nintendo says you’ll get “special pricing”: regularly priced games will run $ 5 to $ 6 (NES) or $ 8 to $ 9 (SNES), with those prices dropping to $ 1 and $ 1.50, respectively, if you bought the game for Wii Virtual Console. It’s better than no discount, I suppose, and Nintendo can probably justify the nominal buck to buck-and-a-half for research and development on the Wii U Virtual Console’s extras (it’s certainly taking the company long enough to pull everything together).

If you’d rather not wait for spring, Nintendo’s running a beta dubbed “Wii U Virtual Console Trial Campaign”: Between January and July, Nintendo will release a classic title every 30 days for $ 0.30 a pop (Nintendo’s tied the pricing and release timeframes in with the original Famicom‘s 30th anniversary in Japan, coming up this July). After July, the prices of the discounted titles will bounce back to normal, but you’ll be able to buy them at the reduced price if you participated in the beta. The games list is none too shabby, either: Balloon Fight, F-Zero, Punch-Out!!, Kirby’s Adventure, Super Metroid, Yoshi and Donkey Kong.

Wii U Virtual Console sounds like a clever little diversion for Nintendo wonks, but let’s not forget how fuzzy these games look nowadays on resolution-locked flat-screens. It’s not that I want high-res versions — these things are what they are at their native pixel counts — but you wouldn’t lay wax paper over a Monet, would you?

(MORE: A Helpful Reminder That Rumors Are Not Facts)

Let’s cut to the chase: Nintendo fans want to know where the next Zelda game is, what comes after Super Mario Galaxy 2, when they’ll be able to sample the Wii U’s take on Mario Kart, what’s up with the next Super Smash Bros. game and so forth.

Iwata confirmed that Nintendo won’t offer new games in January or February and apologized for this, but said “Nintendo takes seriously its responsibility to offer a steady stream of new titles in the very early days of a new platform to establish a good lineup of software.” Why the delay? Because, says Iwata, “We firmly believe we have to offer quality experiences when we release new titles.” No argument there.

What’s coming between spring and summer? Iwata identified several titles: Game & Wario, Wii Fit U, Pikmin 3, LEGO City Undercover and The Wonderful 101. But don’t get too excited: These were originally slated to hit by March.

We also caught another glimpse of Bayonetta 2 (as well as the female protagonist’s backside), heard a bit about Super Smash Bros. U and why it’ll probably be a while before we see it (screens at E3), and then Iwata talked about, well, a bunch of stuff we already knew was in the offing: a new unnamed Super Mario game by the team that developed the Super Mario Galaxy and Super Mario 3D Land platformers, a new Mario Kart racer (both set to be playable at E3) and a new Wii Party game (Iwata showed video of someone shaking a Wii U GamePad to roll dice as well as two players using a GamePad like a mini-foosball table).

More intriguing were the two unannounced new games, like one from the developers behind Kirby’s Epic Yarn starring Yoshi (a kind of sequel to Yoshi’s Story for the Nintendo 64) or — wait for it JRPG wonks — a Shin Megami Tensei / Fire Emblem crossover from Atlus.

Last but not least, Iwata revealed the company’s plans for Zelda on the Wii U. The really good news: Nintendo says it’s planning to “rethink the conventions of Zelda,” tinkering with tenets like dungeon linearity and solo play. The merely good news: Nintendo’s remastering Zelda: The Wind Waker in HD for the system and tweaking the gameplay. The bad-good news: You’ll probably have to wait a long time for the new Zelda, but you’ll get The Wind Waker HD by “this fall.”

But the best news of all, from where I’m sitting: Taking a page from Apple, Iwata closed by invoking “one more important topic”: a new Wii U game from Monolith Soft, the company responsible for Xenoblade Chronicles, the best roleplaying game on any game system released in…well, when was Final Fantasy XII released? Has it been seven years already?

All told, a mixed performance from Nintendo, but here’s the thing: However vague much of the information in Iwata’s presentation was, I love the dignified, spare, wonderfully thorough way Nintendo’s chosen to address its audience lately. By contrast, I feel like a need to shower after watching most Microsoft/Sony pressers.

MORE: Sony Xperia Tablet Z Aims for ‘World’s Thinnest’ Crown

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Baby Born with Heart Outside Her Chest Goes Home from Hospital

By Dahvi Shira

01/24/2013 at 06:40 PM EST

Ashley and Audrina Cardenas

Three-month-old Audrina Cardenas is a survivor.

The infant, delivered on Oct. 15 with a rare genetic deformity called "ectopia cordis," was born with part of her heart outside of her body. Following a successful surgery in November, Cardenas finally left the hospital on Wednesday.

At the time of her procedure, the Texas Children's Hospital in Houston released a statement explaining, "A multidisciplinary team of surgeons saved Audrina's life during a miraculous six-hour, open-heart surgery where they reconstructed her chest cavity to make space for the one-third of her heart that was outside of her body."

Cardenas's mother Ashley told ABCNews.com that she knew about her daughter's condition when she was 16 weeks pregnant.

"They gave me the option to terminate the pregnancy [or] continue with the pregnancy and do something called comfort care at the time of delivery, where instead of doing anything painful to her or do surgery, they let you spend as much time with her until she passes, or opt for a high-risk surgery to help repair the heart," Ashley Cardenas said.

Although she's been released from the hospital, Audrina will still be on oxygen and use a feeding tube, according to her mom, who spoke to HLN affiliate KTRK.

With Audrina wearing a pink chest shield made by doctors, Ashley said, "She doesn't have the sternum. She doesn't have anything over her heart besides the skin and a little muscle that they put over, so this is very important for her to wear. Especially for a car seat, the straps go right on her heart, and if she didn't have anything hard, it would damage her heart."

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