Video shows teens joking about alleged rape victim

(CBS) In August, the family of a 16-year-old girl accused multiple Steubenville, Ohio, high school students of raping her while she was passed out during a night of pre-football-season partying.

Two Steubenville High School football players have been indicted for rape, and the case is set to go to trial in February. But on Wednesday, a video appeared online that depicts teenage males who appear to be joking about details of the alleged rape.

The nearly 13-minute video posted on YouTube consists mostly of one teenage male hysterically laughing as he entertains an unseen cameraman and others in the room with remarks such as "They raped her harder than that cop raped Marcellus Wallace in 'Pulp Fiction'," and, "They raped her quicker than Mike Tyson raped that one girl." 

The New York Times reported last month that photos of the alleged rape victim were posted on social media. In one, according to the paper, the girl "is shown looking unresponsive as two boys carry her by her wrists and ankles."

The case has generated controversy partly because it has been playing out online, and partly because in Steubenville, where the high school football team is a source of great civic pride, the Times reports that some say the incident is an example of the perils inherent in granting teen athletes special stature. 

Multiple versions of the video were posted on YouTube on Jan. 2. A group of hackers called KnightSec, who claim affiliation with Anonymous, say they have collected and posted information about the students accused in the attack - as well as those they believe shot and appeared in the video. In an online message, the group threatened to release what they compiled, "unless all accused parties come forward by new years day and issue a public apology to the girl and her family."

The video, which has more than 100,000 total views, appears to have been recorded on the night of the incident. One male recalls seeing the girl vomit, and more than one of the males refer to "that girl" as being drunk. So drunk, apparently, that the teen on whose face the video camera is focused cracks himself up joking that she is "so dead."

"She is deader than Trayvon Martin," he laughs, referring to the Florida teen killed in February 2012.

The teen also makes remarks implying that he may have witnessed at least some of the incident: "You didn't see how they carried her out," he says. And: "They peed on her, that's how you know she's dead."

And also: "She is so raped right now."

The alleged victim is not named in the video and her name has not been released. CBS affiliate WTRF reports that Anonymous plans to rally in support of the alleged victim at the Jefferson County Courthouse on Jan. 5.

Steubenville Police Chief Bill McCafferty did not return Crimesider's calls for comment, but released a statement to WTRF that reads, in part, "The Steubenville police department has been aware of this recent video that was released. Since late August 2012 the subject who made the video was interviewed. This has all been turned over to the prosecutors which are the Ohio Attorney General's Office, who is prosecuting this case."

In the video now being circulated, excerpts of which are above, one voice off camera tells the speaker, "this isn't funny" and that his remarks are "childish."

"That's like, rape," says the unseen male. "They raped her."

"What if that was your daughter?" says another off-camera male.

"But it isn't," says the teen making the jokes. "If that was my daughter I wouldn't care, I'd just let her be dead."

Eventually, someone asks the cameraman, "Are you still videotaping?"

The cameraman replies with a laugh: "Yes."

Additional reporting by Will Goodman

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Chelsea Clinton Raises Profile During Mom's Illness

While Hillary Clinton was in the hospital it was daughter Chelsea -- not the secretary of state or the former president Bill Clinton -- who spoke for the family.

She, along with the State Department, doled out what little information the family wanted to share in a series of tweets and when her mother was released from the hospital, it was Chelsea who delivered the thanks on behalf of her parents, tweeting her gratitude to the doctors as well as those who kept her mother in their thoughts while she recovered from a blood clot.

When Hillary Clinton leaves office, possibly at the end of this month, it will be the first time since 1982 that a Clinton will not be holding a public office.

The watch will be on whether Hillary Clinton makes another run for the White House in 2016, but almost inevitably people will also be watching to see if Chelsea Clinton decides to run for office, too.

"Americans always look for dynasties: Bush, Kennedy, Cuomo, Clinton … it's some kind of continuity. There will always be pressure on her to run for public office," said Hank Sheinkopf, a Democratic political strategist in New York.

"She's learning from the two best politicians in recent American history and she understands when to hold them and when to fold them," Sheinkopf said.

That sense of dynasty could also present a significant hurdle.

James Devaney/Getty Images

Secretary of State Clinton: Mystery Health Issues Watch Video

Secretary of State Hillary Clinton Undergoing Blood-Thinning Therapy Watch Video

"She's got to A, demonstrate that she has the charisma of her father, or B, demonstrate that she has the policy chops of her mother. And I think like most people she is somewhere in between," a former Hillary Clinton aide from her 2008 campaign said. "People are judging her through each of her parents and it's an impossible standard."

Chelsea Clinton, 32, has inched towards a possible political career in recent statements and has become more politically active.

In an interview with Vogue published in August she was more open to it than she has been in the past, telling the magazine, "Before my mom's (presidential) campaign I would have said no," but "now I don't know."

"I believe that engaging in the political process is part of being a good person. And I certainly believe that part of helping to build a better world is ensuring that we have political leaders who are committed to that premise. So if there were to be a point where it was something I felt called to do and I didn't think there was someone who was sufficiently committed to building a healthier, more just, more equitable, more productive world? Then that would be a question I'd have to ask and answer."

Clinton also spoke of a change in her private to public life:

"Historically I deliberately tried to lead a private life in the public eye," she told the magazine. "And now I am trying to lead a purposefully public life."

Besides her work as a special correspondent with NBC, Chelsea Clinton has taken on high profile roles with her father's Clinton Global Initiative. She sits on several corporate boards and has both moderated and sat on panels discussing both women in politics and childhood obesity, among other issues.

She has also worked toward making same-sex marriage legal in New York last year, as well as gay marriage referendums in Maine, Maryland, Wisconsin and Washington state, all of which were successful in November. She has also been active in superstorm Sandy recovery, most notably delivering aid to the devastated Rockaways with her father.

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Why U.S. lives under the shadow of 'W'

Julian Zelizer says former President George W. Bush's key tax and homeland security policies survive in the age of Obama

STORY HIGHLIGHTS

• Julian Zelizer: For all the criticism Bush got, two key policies have survived


• He says fiscal cliff pact perpetuates nearly all of Bush's tax cuts


• Obama administration has largely followed Bush's homeland security policy, he says


• Zelizer: By squeezing revenues, Bush tax cuts will put pressure on spending

Editor's note: Julian Zelizer is a professor of history and public affairs at Princeton University. He is the author of "Jimmy Carter" and of "Governing America."

Princeton, New Jersey (CNN) -- Somewhere in Texas, former President George W. Bush is smiling.

Although some Democrats are pleased that taxes will now go up on the wealthiest Americans, the recent deal to avert the fiscal cliff entrenches, rather than dismantles, one of Bush's signature legacies -- income tax cuts. Ninety-nine percent of American households were protected from tax increases, aside from the expiration of the reduced rate for the payroll tax.

Julian Zelizer

In the final deal, Congress and President Barack Obama agreed to preserve most of the Bush tax cuts, including exemptions on the estate tax.

When Bush started his term in 2001, many of his critics dismissed him as a lightweight, the son of a former president who won office as result of his family's political fortune and a controversial decision by the Supreme Court on the 2000 election.

But what has become clear in hindsight, regardless of what one thinks of Bush and his politics, is that his administration left behind a record that has had a huge impact on American politics, a record that will not easily be dismantled by future presidents.

The twin pillars of Bush's record were counterterrorism policies and tax cuts. During his first term, it became clear that Obama would not dismantle most of the homeland security apparatus put into place by his predecessor. Despite a campaign in 2008 that focused on flaws with the nation's response to 9/11, Obama has kept most of the counterterrorism program intact.

In some cases, the administration continues to aggressively use tactics his supporters once decried, such as relying on renditions to detain terrorist suspects who are overseas, as The Washington Post reported this week. In other areas, the administration has expanded the war on terrorism, including the broader use of drone strikes to kill terrorists.

Now come taxes and spending.

With regard to the Bush tax cuts, Obama had promised to overturn a policy that he saw as regressive. Although he always said that he would protect the middle class from tax increases, Obama criticized Bush for pushing through Congress policies that bled the federal government of needed revenue and benefited the wealthy.

In 2010, Obama agreed to temporarily extend all the tax cuts. Though many Democrats were furious, Obama concluded that he had little political chance to overturn them and he seemed to agree with Republicans that reversing them would hurt an economy limping along after a terrible recession.

With the fiscal cliff deal, Obama could certainly claim more victories than in 2010. Taxes for the wealthiest Americans will go up. Congress also agreed to extend unemployment compensation and continue higher payments to Medicare providers.

But beneath all the sound and fury is the fact that the 2001 and 2003 tax cuts, for most Americans, are now a permanent part of the legislative landscape. (In addition, middle class Americans will breathe a sigh of relief that Congress has permanently fixed the Alternative Minimum Tax, which would have hit many of them with a provision once designed to make sure that the wealthy paid their fair share.)

As Michigan Republican Rep. Dave Camp remarked, "After more than a decade of criticizing these tax cuts, Democrats are finally joining Republicans in making them permanent." Indeed, the Congressional Budget Office estimates that the new legislation will increase the deficit by $4 trillion over the next 10 years.

The tax cuts have significant consequences on all of American policy.

Most important, the fact that a Democratic president has now legitimated the moves of a Republican administration gives a bipartisan imprimatur to the legitimacy of the current tax rates.

Although some Republicans signed on to raising taxes for the first time in two decades, the fact is that Democrats have agreed to tax rates which, compared to much of the 20th century, are extraordinarily low. Public perception of a new status quo makes it harder for presidents to ever raise taxes on most Americans to satisfy the revenue needs for the federal government.

At the same time, the continuation of reduced taxes keeps the federal government in a fiscal straitjacket. As a result, politicians are left to focus on finding the money to pay for existing programs or making cuts wherever possible.

New innovations in federal policy that require substantial revenue are just about impossible. To be sure, there have been significant exceptions, such as the Affordable Care Act. But overall, bold policy departures that require significant amounts of general revenue are harder to come by than in the 1930s or 1960s.

Republicans thus succeed with what some have called the "starve the beast" strategy of cutting government by taking away its resources. Since the long-term deficit only becomes worse, Republicans will continue to have ample opportunity to pressure Democrats into accepting spending cuts and keep them on the defense with regards to new government programs.

With his income tax cuts enshrined, Bush can rest comfortably that much of the policy world he designed will remain intact and continue to define American politics. Obama has struggled to work within the world that Bush created, and with this legislation, even with his victories, he has demonstrated that the possibilities for change have been much more limited than he imagined when he ran in 2008 or even in 2012.

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The opinions expressed in this commentary are solely those of Julian Zelizer.

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Guang Ming Industrial Building at Paya Lebar up for collective sale

SINGAPORE: Guang Ming Industrial Building, located at No 65 Upper Paya Lebar Road, has been put up for collective sale.

The freehold industrial 'white site' has a land area of 19,789 square feet.

Its marketing agent Cushman & Wakefield says the site is expected to fetch more than S$58 million.

Among the likely interested parties for the site include small to mid-sized developers and those companies looking for a site to locate their corporate headquarters, adds Cushman and Wakefield.

Developers can build up to a gross floor area of some 70,000 sq ft, including some 20,000 sq ft of retail and commercial space.

This is based on a maximum allowable plot ratio of 3.5.

Cushman & Wakefield's Director of Investment Sales Christina Sim says prime locations like Tai Seng and Paya Lebar will make the building a "hot commodity".

She adds that "the special 'white zoning' of the site will give an added boost to its development potential.

The tender will close on 5 February 2013.

- CNA/de

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Argentina presses claim to Falklands

Cristina Fernandez de Kirchner during the 30th anniversary of the Falklands war, in Ushuaia, Argentina on April 2, 2012.

STORY HIGHLIGHTS

• Argentina says Britain stripped the Falkland Islands away 180 years ago


• The countries went to war over the islands in 1982, when Argentina put troops there


• Argentina, which calls the islands Las Malvinas, wants sovereignty negotiations


• British government says there won't be sovereignty talks unless islanders want them

London (CNN) -- Argentinian President Cristina Fernandez de Kirchner is once again calling on the UK to hand back the Falkland Islands -- known in Argentina as Las Malvinas -- accusing Britain of blatant colonialism.

In an open letter to British Prime Minister David Cameron, which was published in the British press, she says that Britain stripped the islands away from Argentina 180 years ago on Thursday's date: January 3.

Read more: Falkland Islands will vote on political status

The two countries went to war over the territory in 1982, when the then-Argentinian military government landed troops on the islands.

Argentina put its death toll from the conflict at around 645. Britain's civil and military losses amounted to 255.

Falklands war wounds still fresh, 30 years later

In the letter, which was copied to U.N. Secretary-General Ban Ki-moon, the Argentinian president writes: "The Argentines on the Islands were expelled by the Royal Navy and the United Kingdom subsequently began a population implantation process similar to that applied to other territories under colonial rule.

"Since then, Britain, the colonial power, has refused to return the territories to the Argentine Republic, thus preventing it from restoring its territorial integrity."

She quotes a 1965 U.N. resolution inviting the two countries to negotiate a solution to the sovereignty dispute and calls on the British to abide by the resolution.

Read more: Why tensions are rising over Falklands

Located in the South Atlantic Ocean, about 480 kilometers (298 miles) east of the tip of South America, the Falklands have long been coveted as a strategic shipping stopover and potential wellspring of natural resources.

The Falklands, which raise their own taxes but rely on the United Kingdom for defense and foreign policy, are one of 14 British overseas territories and have been under British rule since 1833.

Read more: Chavez, allies call for sanctions against Britain over Falklands

The British government swiftly rejected the idea of negotiations, saying the Falkland Islanders have chosen to be British.

In a statement, the British Foreign Office said the islanders remain free to choose their own futures and "have a right to self-determination as enshrined in the U.N. Charter. This is a fundamental right for all peoples."

The statement added: "There are three parties to this debate, not just two as Argentina likes to pretend. The islanders can't just be written out of history.

"As such, there can be no negotiations on the sovereignty of the Falklands Islands unless and until such time as the islanders so wish."

The islanders are due to hold a referendum on their political status this March but were also quick to dismiss the Argentinian position.

"We are not a colony," said Barry Elsby, a member of the Legislative Assembly of the Falkland Islands. "Our relationship with the United Kingdom is by choice."

The exchange comes amid rising tension over the islands, which are home to about 3,000 people.

In February of last year, the Argentinian leader accused the British of militarizing the South Atlantic after the Royal Navy sent its warship HMS Dauntless to the region. Then, in June of 2012, Fernandez confronted Cameron at the G-20 meeting and tried to hand him a letter about the islands -- something he refused to accept.

Argentinian leader denounces 'militarization' of the South Atlantic

The dispute flared again ahead of the London 2012 Olympics, when Argentina released a video boosting its Olympic team that was filmed on the islands. The advertisement showed Argentinian field hockey star Fernando Zylberberg training in the streets of Port Stanley in the Falklands. The video ends with the slogan: "To compete on English soil, we train on Argentine soil."

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Obama signs "fiscal cliff" bill into law

HONOLULU President Obama signed a bill late Wednesday night boosting taxes on the wealthiest Americans, while preserving tax cuts for most American households.

The bill, which averts a looming fiscal cliff that had threatened to plunge the nation back into recession, also extends expiring jobless benefits, prevents cuts in Medicare reimbursements to doctors and delays for two months billions of dollars in across-the-board spending cuts in defense and domestic programs.

The GOP-run House approved the measure by a 257-167 vote late Tuesday, nearly 24 hours after the Democratic-led Senate passed it 89-8.

Obama, who is vacationing in Hawaii, signed the bill using an autopen, a mechanical device that copies his signature.

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"Cliff" deal loaded with special interest tax breaks

The "fiscal cliff" law passed so quickly, many in Congress never realized it was full of special interest tax breaks, reports CBS News correspondent Wyatt Andrews.

One allows auto racetrack owners to speed up their tax deductions. Another tax write off goes to Hollywood -- a $20 million break anytime a TV show or movie is shot in an economically depressed area of the United States.

There's a subsidy for rum made in Puerto Rico, a tax break if you train a mine rescue worker, and a tax credit for every kilowatt of electricity produced by wind.

All told, the fiscal cliff law designed to reduce the deficit, added $74 billion in spending through changes in the tax law.

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Senate Swears in a Historic 20 Female Senators

Today the Senate will make history, swearing in a record-breaking 20 female senators – 4 Republicans and 16 Democrats – in office.

As the 113th Congress is sworn in today on Capitol Hill, ABC "World News" anchor Diane Sawyer has an exclusive joint interview with the historic class of female Senators.

Diane Sawyer's complete interview will air on World News this evening.

"I can't tell you the joy that I feel in my heart to look at these 20 gifted and talented women from two different parties, different zip codes to fill this room," Sen. Barbara Mikulksi, D-Md., said while surrounded by the group of women senators. "In all of American history only 16 women had served. Now there are 20 of us."

Senator-elect Deb Fischer, R-Neb., becomes today the first women to be elected as a senator in Nebraska.

"It was an historic election," Fischer said, "But what was really fun about it were the number of mothers and fathers who brought their daughters up to me during the campaign and said, "Can we get a picture? Can we get a picture?' Because people realize it and -- things do change, things do change."

The women senators all agree that women will be getting things done in this new Congress, a sign of optimism felt for the new Congress, after the bruising battles of the 112th Congress.

"We're in force and we're in leadership positions, but it's not just the position that we hold. I can tell you this is a can-do crowd," Mikulski said of both Democrats and Republican senators in the room. "We are today ready to be a force in American politics."

And while the number of women in the Senate today makes historic, many of the women agreed that they want to keep fighting to boost those numbers. Sen. Barbara Boxer, D-Calif., said that women are still "underrepresented" in the Senate.

"I think that until we get to 50, we still have to fight because it's still a problem," Boxer said. "I think this class as you look around, Republicans and Democrats... I think that because of this new class and the caliber of the people coming and the quality of the people coming, I think that hopefully in my lifetime -- and I really do hope and pray this is the case -- we will see 50 percent. "

No Sorority Here, Even With the Will to Work Together

The cooperation does not make them a "sorority," Sen. Dianne Feinstein, D-Calif., says. There are real differences in ideology and personality and they don't want their gender to define them as senators.

But the women also admit that they believe having more women in the room would help in fierce negotiations, compromise, and legislating on Capitol Hill, traits they say do not come as naturally to their male colleagues in the Senate. That sentiment enjoys bipartisan support among the women of the Senate.

"What I find is with all due deference to our male colleagues, that women's styles tend to be more collaborative," Sen. Susan Collins, R-Maine, said.

Sen. Claire McCaskill, D-Mo., said by nature women are "less confrontational." Sen-elect Mazie Hirono, D-Hawaii, says that women are "problem solvers."

Sen. Amy Klobuchar, D-Minn., says that women have a camaraderie which helps in relationships that are key to negotiations on Capitol Hill, something she says comes natural to women more than men.

"I think there's just a lot of collaboration between the women senators and... advice and really standing up for each other that you don't always see with the men," she said.

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Time to rebrand in Lincoln's image?

Wade Henderson thinks the modern Republican Party should look to Abraham Lincoln for some inspiration.

STORY HIGHLIGHTS

• Wade Henderson: January 1 is 150th anniversary of the Emancipation Proclamation


• He says GOP should look to Lincoln, a canny politician who led moral fight on civil rights


• He says GOP has history of civil rights support that it has largely abandoned in recent years


• Henderson: In 2012, election minority voters unimpressed; GOP should return to roots

Editor's note: Wade Henderson is the president and CEO of The Leadership Conference on Civil and Human Rights and The Leadership Conference Education Fund.

(CNN) -- On January 1, the nation will commemorate the 150th anniversary of the Emancipation Proclamation, which legally freed slaves in the secessionist Southern states. Meanwhile, thousands of theaters will still be presenting the film "Lincoln," portraying the soon-to-be-martyred president's efforts in January 1865 to persuade the House of Representatives to pass the 13th Amendment, outlawing slavery throughout the nation.

Coming at a time when many Republicans are seeking to rebrand their party, these commemorations of the first Republican president raise this question: Why not refashion the Grand Old Party in the image of the Great Emancipator?

Steven Spielberg's historical drama, as well as the biography upon which it is based, Doris Kearns Goodwin's "Team of Rivals: The Political Genius of Abraham Lincoln," both remind today's Americans that Lincoln was not only a moral leader but also a practical politician. The political identity that Lincoln forged for the fledgling Republican Party -- uniting the nation while defending individual rights -- was a winning formula for half a century, with the GOP winning 11 of 13 presidential elections from 1860 through 1908.

Wade Henderson

Moreover, support for civil rights persisted in the party throughout the last century. Among the Republican presidents of the 20th century, Theodore Roosevelt famously hosted Booker T. Washington at the White House. Dwight Eisenhower ordered federal troops to Little Rock, Arkansas, to enforce school desegregation. Richard Nixon expanded affirmative action. And George H. W. Bush signed the Americans with Disabilities Act into law.

Brazile: A turning point for freedom in America, 150 years later

In the U.S. Senate, such prominent Republicans as Edward Brooke of Massachusetts (the first African-American senator since Reconstruction), Jacob Javits of New York and Everett Dirksen of Illinois were strong supporters of civil rights, as were governors such as Nelson Rockefeller in New York, George Romney in Massachusetts and William Scranton in Pennsylvania.

Former California Gov. Earl Warren served as chief justice when the Supreme Court issued its decision in Brown v. Board of Education, ordering the desegregation of the nation's schools. As recently as 1996, the Republican national ticket consisted of two strong civil rights advocates, former Kansas Sen. Bob Dole and former New York Rep. Jack Kemp.

Unfortunately, by 2012, the Republican Party had veered far from its heritage as the party of Lincoln. Prominent Republicans supported statewide voter suppression laws that hit hardest at vulnerable minorities or called for the "self-deportation" of immigrants and their families.

While some Republican senatorial nominees needlessly offended women, leading moderates such as Maine Sen. Olympia Snowe and Ohio Rep. Steven LaTourette opted for retirement. In what I hope was rock bottom, 38 Senate Republicans rebuffed their former presidential nominee Bob Dole -- a wheelchair-bound war hero -- to block an international civil and human rights treaty for people with disabilities.

Not surprisingly, the GOP in the presidential race lost the black vote by 87 points, the Asian-American vote by 47 points, the Latino vote by 44 points and the women's vote by 11 points, according to CNN exit polls. As Republicans reflect on their path forward with minority voters and persuadable whites, there are opportunities to advance civil rights.

While the GOP has increasingly promoted diverse candidates, it has not yet begun to reflect the values of our diverse nation. Fiscally conservative officeholders can fight for civil and human rights.

Just a few years ago, Alabama Sen. Jeff Sessions championed a reduction in the sentencing disparity between people charged with possession of crack and powder cocaine. These are two forms of the same drug, but crack cocaine is used more by minorities and carried much harsher punishments for possession. Working with Sessions, civil rights advocates pushed to reduce this disparity significantly -- among the greatest advances in criminal justice reform in decades.

Looking toward to the 113th Congress, several civil rights initiatives would fit conservative values. They need congressional champions. Conservative lobbyist Grover Norquist and conservative strategist Richard Viguerie have called for criminal justice reforms that would reduce the number of prisoners in U.S. prisons.

The U.S. Chamber of Commerce has joined the civil rights coalition's call for federal initiatives to narrow the educational achievement gap between minority and white students. And more Republicans are joining Jeb Bush's support for comprehensive immigration reform that provides a pathway to citizenship for long-term, law-abiding residents.

Most importantly, the GOP must embrace one of Lincoln's most enduring legacies, the 15th Amendment, which guaranteed the right to vote regardless of race. The GOP must stop trying to suppress voters and begin to champion electoral reform that shortens lines and helps more people to vote.

I don't expect another Abraham Lincoln or Frederick Douglass from the modern Republican Party -- I'll settle for a few more Jeff Sessions. When Republicans consider the consequences for their party's narrow appeal, they'll try to return to their roots.

I'm happy to help.

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The opinions expressed in this commentary are solely those of Wade Henderson.

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Gold rallies on fiscal deal

SINGAPORE: Gold prices receive a boost as US lawmakers finally approved a bill to address the fiscal cliff.

The precious metal rose as much as US$29 an ounce from last week's close of US$1,655.70 a troy ounce on December 28.

The deal struck in the US Congress has helped arrest the threat of the world's largest economy falling into a deep recession.

But some analysts said it is just a knee-jerk reaction and the rally may not be sustainable.

Gold is often seen as a safe haven for investors and is commonly used as a hedge against inflation and a store of wealth especially in times of uncertainty.

Despite a bullish outlook on gold in 2012, the precious metal only managed a modest gain of seven per cent from the start of the year.

It also underperformed against equities which saw Asian stock markets gaining about 20 per cent. For instance the Hang Seng Index up 22.9 per cent , STI gained 20.6 per cent, Nikkei's up 23 per cent in 2012.

The latest move by the US Congress to pass a bill to end the fiscal cliff crisis has lifted sentiment on gold investing.

Some investors expect gold prices to propel higher since the deal may lead to a weakening of the US dollar and this means gold prices will rise as investors switch into the precious metal.

Yet, most experts are not too sanguine of its prospects and expect the impact on gold prices to be muted at best.

"We have the debt ceiling issue which we address somewhere in end February, early March and then we expect a gradual recovery in the US economy in the second half of this year," said Roy Wellington Teo, a foreign exchange and precious metals strategist at ABN Amro (Asia).

He added: "Therefore, we think a stronger US dollar towards the second half of this year could potentially lead to gold prices trend lower towards US$1,500 an ounce end of this year."

Swiss lender UBS expect gold prices to make a steady climb later this year when investors start to worry about inflation when economic growth returns.

During inflation, the value of key currencies like the US dollar and Japanese yen will weaken and this will prompt investors to switch into gold and boost prices.

US said it expects the precious metal to reach USD$1,950 a troy ounce by the first half of this year and is likely to show better performance in 2013.

Dominic Schnider, head of NTAC Research at UBS, said: "Overall the gold price will definitely lag equities but it is still going to be a good asset in your portfolio if you consider we still have a lot of risk factors out there including monetary debasement which is actually a big topic especially with the recent development in Japan."

Looking ahead, experts said gold prices will get a further boost if the US Federal Reserve extends its stimulus programme.

This is expected to inject more liquidity into the financial system.

Avtar Sandu, a business development senior manager at Phillip Futures, said: "We have low interest rate environment, we have all the QEs and we have all the central banks that are buying gold. All these will slowly drive the prices of gold forward."

Yet, some analysts warned that it may not be all glitter for gold this year.

They said that inflation may ease in 2013 and concerns over inflation may be misplaced.

- CNA/fa

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Decluttering before the New Year

Time off work during the holidays is a perfect time to tidy up your home and work spaces to start the New Year right.

STORY HIGHLIGHTS

• Do your New Year's resolutions include a push to clean up? Here are some tips to start


• Being organized is about being in control, says professional organizer Susan Fleischman


• Cleaning clutter can eliminate the need to buy what you simply can't find

(CNN) -- Whatever other resolutions we make leading up to the New Year -- to call Mom more often, lay off the late-night snacks -- getting ourselves organized is likely near the top of the list. And that often means clearing out the clutter that keeps us from functioning efficiently, whether we're at work or at home.

Many employees -- whether they go to actual offices or do their jobs from home -- find the last week of the calendar year is ideal for sorting through e-mails, clearing their desks, and reorganizing their work spaces. Sorting through stuff is rarely fun, but those who tackle it now will find themselves a step ahead when their now-vacationing colleagues and clients come staggering back after the holidays.

According to the National Association of Professional Organizers, which sponsors the annual "Get Organized Month" each January to help folks take control of their time, tasks and possessions, 83% of members polled say that "paper organization" ranks highest on their individual and corporate clients' to-do lists. For people taking time off between Christmas and New Year's, this week offers a chance to get things in order before 2013 arrives.

Devoting time to both physically and mentally clearing out the "old" and embracing the "new" is about more than just getting rid of stuff. Being organized is really about being in control, says Susan Fleischman, a Chicago-based professional organizer, home stager and founder of clutterfree.

"As joyous as the holidays can be, the period between Thanksgiving and New Year's is probably one of the most stressful of the year for people," she says. That's why spending the week after Christmas decluttering "really helps you recover and detox from the hustle and bustle of the holidays.

"It's very symbolic -- we're ramping up to the ultimate do-over. We all get to turn the calendar page and make a fresh start."

For those at work, says Fleischman, "the phone stops ringing, there are fewer meetings. Real work probably comes to a screeching halt. There are far fewer reasons to keep letting getting organized fall to the bottom of the to-do list." And these days, when employees often feel compelled to work harder and longer, being organized can be a real competitive advantage.

NAPO Industry Member Director Mary Dykstra says that on average, Americans waste time amounting to between six and 12 weeks a year searching for things in their offices and homes. "Just imagine if you could get out from under that clutter and spend that time helping your company build their business and ultimately, your career," says Fleischman, who was a public relations and marketing executive before launching her professional organizing business.

"Every minute counts when it comes to impressing the boss, your colleagues and clients. At work, we strive to project that we're knowledgeable, in control and experts. We're constantly accessing, sharing, reacting to information. Being able to put your hands on the information or generate some information means the better you'll be able to rise to the top and have clarity of thought and creativity and maximize productivity."

But what about moving from work to the home front? Cynthia Ewer, the Washington state-based editor of OrganizedHome.com and the author of "The Complete Idiot's Guide to Getting Organized Fast-Track," suggests we use this in-between-holidays week to step back and reflect on our habits and how well they're working for us at home.

It's important to remember, says Ewer, that "there are different personality types. "Organized" is what works for you. There are filers -- people who love folders. They want the serenity of knowing where things are. Pilers like to keep their eyes on their stuff. Deniers have bags of paperwork shoved into closets. Instead of using a "What-does-it-look-like?" yardstick, it's a "How-will-it-work?" question. Know yourself, and come up with solutions that reflect who you are, she says.

After all, she says, " 'It's here somewhere' is the most frustrating phrase in the English language."

Cutting clutter also can boost the bottom line. "How many times do you go to the store and buy the things you couldn't find?" asks Fleischman. But cleaning up and cleaning out also can generate money, says Ewer.

"It can be a real fun process to turn your clutter into cash."

Nab tax deductions by donating cleared-out items to nonprofit organizations. Declutterers can send usable books, DVDs, video games and music to third-party merchants in exchange for gift cards through the Amazon Trade-In Program. Even computer manufacturers like Apple offer gift cards to customers who send in an old iPhone, iPad or computer for reuse or recycling, if those devices still have monetary value.

"Leading an orderly life is about saving time, saving money, reducing stress," says Fleischman, who also blogs about organizing tips and clutter makeovers. "And that's energy you can spend on leisure pursuits, which is very important to emotional well-being."

Some tips for cutting through the workplace and home clutter this holiday week:

• Stockpile your supplies. Fleischman advises making sure you've got the right trash bins, shredders, file folders and markers at your fingertips before you start sorting and tossing.
• Take it a zone at a time. Your office, home and car didn't become a mess overnight, so declutter in increments. Fleischman suggests starting with desktops, then floors, then moving on to file cabinets and bookcases.
• Go from horizontal to vertical piles. If you're purging papers, clear those piles from your desk and the floor by placing newly sorted files in a cabinet or an upright vertical file. This way, your eyes can quickly scan and identify what you need at a glance.
• Free up the fridge. "Get the ghosts of Christmas past out of there -- all those little cans of this and that, the beef sticks from the gift basket no one can bear to throw out," says Ewer. Besides, this clean-up also will save you some calories.
• Be realistic. If you really write out bills at the kitchen table and not in the home office, says Ewer, get yourself a wheeled cart you can roll where the work gets done. If your kids' toys actually live in the family room -- not in the bedroom toy box -- create a storage solution there.

"Look at your patterns of living and organize yourself accordingly."

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