WTO may not be ideal platform to deal with currency issue

BEIJING: The World Trade Organisation (WTO) may not be the ideal platform to deal with the issue of currency manipulation, according to Costa Rica's Foreign Trade Minister Anabel Gonzalez, who is in the running to be WTO Director-General.

She was in Beijing to meet Chinese authorities to garner their support.

As the global economy slows and countries scramble to boost exports, trade friction is likely to escalate.

That's particularly the case with the world's largest exporter and second largest trading nation -- China.

Competitors often point to China as unfairly subsidizing its exports via the undervalued yuan.

But Costa Rica's candidate for the top job at the WTO said the trade organization might not be equipped with the tools to tackle the issue.

Anabel Gonzalez said: "I would be cautious in terms of looking at it in the context of the WTO.

"This issue of exchange rates is normally associated with monetary policies, fiscal policies, financial policies, and in that regard I think there may be other venues that are better suited to deal with these issues, be it, meetings of central bankers, ministers of finance, the IMF, the G20."

In Beijing to gain support for her candidacy, Ms Gonzalez said China has achieved a huge transformation over the past decade.

However, trade reform is a long-term process. A recent report on China by the WTO noted a decrease in the number of state-owned enterprises. But still, a significant number of them remain, particularly in sectors regarded as vital to the national economy.

As China's goals change, placing priority on moving up the industrial value chain, liberalizing the market may take a backseat. For instance, state supported financing and cheap land may be seen as unfairly giving home-grown companies a leg up.

Costa Rica's foreign trade minister said: "Each country can, of course, decide what are the best actions and policy measures to continue to promote growth and development in its own country.

"From the perspective of WTO system, the important part is that this is done in a way that respects the rules and disciplines of the organization."

The Costa Rican is among nine candidates vying to succeed Pascal Lamy when he steps down as head of the WTO at the end of August.

- CNA/al

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Peterson sentenced for killing ex-wife

STORY HIGHLIGHTS

• NEW: Drew Peterson's lawyer says his client feels the system he served failed him


• NEW: Kathleen Savio's kin say he "battered her to the very end," is "going to hell"


• The Chicago-area police sergeant was convicted of murdering his third wife


• He is sentenced to 38 years in prison and will get credit for nearly 4 years served

(CNN) -- After years policing Illinois streets for criminals, Drew Peterson is now among them -- and will be for more than three decades, a judge ruled Thursday.

Will County Judge Edward Burmila sentenced Peterson to 38 years in prison in the murder of his third ex-wife, Kathleen Savio, said state's attorney spokesman Charles B. Pelkie.

The former Chicago-area police sergeant will get credit for the nearly four years that he has been in custody, according to Pelkie, a spokesman for Will County State's Attorney James Glasgow. He could have received as many as 60 years in prison; Illinois does not have a death penalty.

"The reason that I never looked Drew Peterson in the eye is because I never acknowledged his existence," said Glasgow, describing the convict as a "cold-blooded killer."

"But I looked him in the eye today," the prosecutor said. "He knows that we did our job."

Peterson was convicted of murder in September but had fought for a new trial, an effort that Burmila denied Thursday, just before the sentencing.

Peterson's lawyers promised Thursday that they would press on with their appeal and expressed confidence they would prevail. They stood by their client, who defiantly claimed in court that he didn't kill Savio.

"Wouldn't you be angry if you were wrongly convicted?" said one of his attorneys, Steve Greenberg.

"In this case, (the prosecution) changed everything ... How would you feel if you were railroaded?"

Savio was found dead in her dry, clean bathtub on March 1, 2004. Prosecutors said Peterson killed her; the defense contended that she fell, hit her head and drowned.

The case did not grab headlines until after Peterson's fourth wife, Stacy, disappeared in October 2007. It was during the search for Stacy Peterson -- who still has not been found -- that investigators said they'd look again into Savio's death, which was initially ruled an accidental drowning.

Authorities altered their judgment and ruled Savio's death a homicide in February 2008, setting the stage for the first-degree murder trial last year of Peterson, a former police officer in Bolingbrook, Illinois.

A Will County jury ultimately convicted him of murder after nearly 14 hours of deliberation.

That was four months ago. On Thursday, all the parties were back in court to see whether Peterson would get a new trial or, if not, what his sentence would be.

Perhaps the most emotional part of this court proceeding was Peterson's long and emotional remarks, which were interrupted at times by shouts from Savio family members, several of whom were asked to leave the courtroom.

He unloaded "pent-up anger" that had built up over time -- against Savio and her family, the legal process, the media, even a TV movie about the case, according to his attorneys and the prosecutor. Above all, Peterson loudly insisted that he did not kill Savio.

Why was he upset? One of his lawyers, David Peilet, said part of it has to do with Peterson feeling the system that he served -- as a military veteran and longtime police officer -- had failed him.

"(He is angry) especially when you are somebody who has defended the Constitution and served and protected the public, now being faced with the same system coming up and biting (you) in the butt," Peilet said.

Glasgow, the state's attorney, had a different take. He called Peterson's remarks "pathetic," especially in how he "attacked" Savio and her mental state.

"Just depraved," the prosecutor said. "... We all got an opportunity to see a psychopath reveal himself in open court."

It was a sentiment echoed by the victim's sister, Susan Doman. She said she couldn't stand to hear "the devil" demean her sister, almost nine years after her death.

"He battered her to the very end."

Pam Bosco, a spokeswoman for Stacy Peterson's family, lauded the prosecution for making "this world a safer, better place" by fighting to convict Peterson and expressed hope he'd next be held accountable for what happened to his fourth wife.

"It's not over for us, but of course, a win for the Savio family is a win for the Stacy Peterson family," Bosco said. "We have a long journey ahead. We still want to see justice for Stacy. We won't give up."

Several Savio family members specifically mentioned Stacy when they addressed reporters late Thursday afternoon in Joliet.

Henry Savio Jr., a brother of Kathleen Savio, said Stacy Peterson's relatives "deserve the same thing that we're getting right now: justice."

As to Peterson's fate, Henry Savio said he wanted him to "stay in jail forever, to die there."

"(Then) he is going to go to hell," the victim's brother said. "And my sister is going to be watching him."

CNN's Elwyn Lopez, Carma Hassan and Michael Christian, from the InSession division of CNN's sister network TruTV, contributed to this report.

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Georgia executes man lawyers claimed was mentally ill

JACKSON, Ga. A 38-year-old inmate convicted of killing two college students in 1995 was executed in Georgia on Thursday, apologizing to the families of both victims before being injected at a state prison.

Andrew Allen Cook was pronounced dead at 11:22 p.m., about 14 minutes after he was injected with the sedative pentobarbital. He was the first inmate to be executed since the state changed its procedure in July from a three-drug combination to a single dose.

With his last words, he apologized to the families of Mercer University students Grant Patrick Hendrickson, 22, and Michele Lee Cartagena, 19, who were shot several times as they sat in a car at Lake Juliette, which is about 75 miles south of Atlanta. He said what he did was senseless.

"I'm sorry," Cook said as he was strapped to a gurney. "I'm not going to ask you to forgive me. I can't even do it myself."

He also thanked his family for "their support, for being with me and I'm sorry I took so much from you all."

The Georgia Appeals Court on Wednesday temporarily stayed Cook's execution to consider a challenge to the state's lethal injection procedure. But the Georgia Supreme Court lifted the stay Thursday and all other appeals were exhausted.

Cook's lawyers have argued at various stages in their appeals of his death sentence that he suffered from mental illness and was being treated for depression up to the time of his death.

Mary Hendrickson, the mother of one of the victims, recently told television station WMAZ-TV in Macon she's been waiting 18 years for justice.

"I think that's what it was: the devil's work," she said. "When all that is going on, I was just thinking to myself, 'Well, the devil is not going to win. He's not going to win over my heart. He is not going to win."'

The single-drug injection began at about 11:08 p.m. Cook blinked his eyes a few times, and his eyes soon got heavy. His chest was heaving for about two or three minutes as his eyes closed. Not too long after, two doctors examined him and nodded and Carl Humphrey, warden of the state prison in Jackson, pronounced him dead.

Corrections officials said Thursday evening that Cook had received visits from family earlier in the day and ate the last meal he had requested -- steak, a baked potato, potato wedges, fried shrimp, lemon meringue pie and soda.

A jury sentenced Cook to death after he was convicted in the January 2, 1995 slayings at Lake Juliette. Cook wasn't charged until more than two years later. He confessed to his father, a Macon FBI agent who ended up testifying at his son's trial.

The Georgia Bureau of Investigation reached out to John Cook in December 1995 because they were interested in speaking to his son. When he called his then-22-year-old son to tell him the GBI wanted to talk to him, he had no idea the younger man was considered a suspect.

"I said, 'Andy, the GBI is looking for you concerning the Lake Juliette homicide. Do you know anything about it?"' John Cook testified at his son's trial in March 1998. "He said, 'Daddy, I can't tell you. You're one of them. ... You're a cop."'

Eventually, Andrew Cook told his father that he knew about the slayings, that he was there and that he knew who shot the couple, John Cook recalled.

"I just felt like the world was crashing in on me. But I felt maybe he was there and just saw what happened," he said. "I then asked, 'Did you shoot them?'

"After a pause on the phone, he said, 'Yes."'

As a law enforcement officer, John Cook said he was forced to call his supervisor and contacted the Monroe County sheriff.

At the trial, as he walked away from the stand, the distraught father mouthed "I'm sorry" to the victims' families who were sitting on the front row of the courtroom. Several members of both families acknowledged his apology.

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Oscar Pistorius Granted Bail in Murder Case

Oscar Pistorius was granted bail today in a South African court, meaning he can be released from jail for the six to eight months before his trial for the allegedly premeditated killing of his girlfriend Reeva Steenkamp.

Magistrate Desmond Nair, in reading his lengthy decision, said, "The issue before me is whether this accused, being who is and the assets he has [here], would seek to duck and dive all over the world."
His conclusion:
"I cannot find that he is a flight risk."

Nair said, "The accused has made a case to be released on bail."

PHOTOS: Paralympics Champion Charged in Killing

The judge also said he had to weigh whether Pistorius would be a danger to others. He noted that Pistorius has been accused of using foul language against people in arguments and once threatened to break someone's legs, but he said that was different from someone with an arrest record of violence.

"I appreciate that a person is dead, but I don't think that is enough," he said.

Nair also said he could not be influenced by the public's "shock and outrage" if Pistorius is released.

A member of Pistorius' defense team told ABC News, "he is going to be released today."

Despite the ruling, prosecutors displayed confidence, with one of them emerging from the courthouse today to say, "We still believe we have the evidence to convict Oscar Pistorius."

The court set bail at about $113,000 (1 million rand) and June 4 as the date for Pistorius' next court appearance.

The other bail conditions are: Pistorius cannot leave the country; he must hand over his passports; he cannot return to his home as long as it's an active crime scene; he needs permission to leave the Pretoria area; he must visit a police station on a daily basis and be available to a probation officer at all times via cellphone; he is not allowed any communication with prosecution witnesses; he cannot drink alcohol; and he must relinquish his firearms.

"Do you understand?" the magistrate asked him.

"Yes, sir," Pistorius replied.

Alexander Joe/AFP/Getty Images

'Blade Runner' Shocker: Lead Detective Replaced Watch Video

Speaking for the family, Arnold Pistorius, the Olympian's uncle, said, "Although we are obviously relieved that Oscar has been granted bail, this is still a very sad time for the family of Reeva and for us.

"We are grateful that the Magistrate recognized the validity and strength of our application. As the family, we are convinced that Oscar's version of what happened on that terrible night will prove to be true."

The judge's ruling came on the fourth and final day of the bail hearing for Pistorius, the Olympian accused of murdering his girlfriend on Valentine's Day.

Pistorius, who gained global acclaim for racing at the 2012 London Olympics, shot his model-girlfriend through a closed bathroom. He says he killed Reeva Steenkamp accidentally, but prosecutors alleged that he took a moment to put on his prosthetic legs, indicating that he thought out and planned to kill Steenkamp when he shot her three times through the bathroom door.

Pistorius sobbed today in court. Barry Roux, his defense attorney, said the prosecution misinterpreted the assigning of intent, meaning that the runner's intent to shoot at a supposed intruder in his home cannot be transferred to someone else who was shot -- in this case, Steenkamp.

"He did not want to kill Reeva," Roux told the court.

FULL COVERAGE: Oscar Pistorius Case

When Magistrate Nair, who overheard the bail hearing, asked Roux what the charges should be if Pistorius intended to kill an intruder, the defense attorney responded that he should be charged with culpable homicide.

Culpable homicide is defined in South Africa as "the unlawful negligent killing of a human being."

Roux also made light of the prosecution's argument that Pistorius is a flight risk, saying that every time the double-amputee goes through airport security, it causes a commotion. He said that Pistorius' legs need constant maintenance and he needs medical attention for his stumps.

The prosecution argued today that the onus was on Pistorius to provide his version of events, and his version was improbable.

Prosecutor Gerrie Nel also spoke of Pistorius' fame and his disability, even relating him to Wikipedia founder Julian Assange, who is now confined to Ecuador's London Embassy, where he has been granted political asylum.
"[Assange's] facial features are as well known as Mr. Pistorius' prostheses," Nel said.

Nel argued that Pistorius' prostheses do not set him apart, stating that it's no different to any other feature, and the court cannot be seen to treat people with disabilities accused of a crime, or famous people accused of crime, any differently.

Pistorius has said that in the early hours of Feb. 14 he was closing his balcony doors when he heard a noise from the bathroom. Fearing an intruder, and without his prosthetic legs on, he grabbed a gun from under his bed and fired through the closed bathroom door, he told the court.

But prosecutors say that's implausible, that the gun's holster was found under the side of the bed where Steenkamp slept, and that Pistorius would have seen she wasn't there. Prosecutors also say the angle at which the shots were fired shows Pistorius was already wearing his prosthetics when he fired.

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Three killed in Las Vegas 'rolling shootout'

LOS ANGELES: At least three people were killed and three others injured in a "rolling shootout" and multiple car crash on the renowned Las Vegas strip early Thursday, city police said.

Two speeding cars, including a Maserati, were involved in a shootout in the neon-lit casino and hotel zone around Las Vegas Boulevard near Flamingo Road, Metro Las Vegas Police Sergeant John Sheahan told local broadcast news.

"Before 4:30am this morning, there was apparently a rolling gun-battle on the strip," Sheahan told the local ABC and CBS TV news affiliates.

The Maserati driver, who was struck by gunfire, lost control of the vehicle and struck several cars, including a taxi that burst into flames. The Maserati driver and two people aboard the taxi were killed.

The other vehicle fled the scene and police will investigate surveillance footage to identify it, Sheahan said. Local television news citing police sources said officers were hunting for a black Range Rover.

The passenger aboard the Maserati and at least two other people were injured and take to hospital. Three other vehicles were struck and at least two more people were at the hospital being treated for other injuries, Sheahan said.

Police do not yet know the identity nor motive of the shooters. "This is still very, very early in this investigation," Sheahan said.

- AFP/fa

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60 million in storm's path

Snowstorm hits the Plains

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STORY HIGHLIGHTS

• NEW: Governor declares a state of emergency in Missouri


• Wichita sets snow record; Kansas City may have biggest 1-day snowfall in a century


• The storm will gain fierceness as it moves into the Plains


• Flood watches still in place from last week near the Gulf, and more rain is coming

Are you bracing for snow? Share your photos, videos and stories from the winter storm with CNN iReport.

(CNN) -- A massive winter storm spanning 20 states could dump as much as 1½ feet of snow in some places Thursday and bring life to a standstill in parts of the central United States.

About 60 million people -- 20% of the U.S. population -- are under winter weather warnings, watches and advisories in the 750,000 square miles affected.

Dodge City, Kansas, "is in the middle of a bull's eye," said CNN meteorologist Chad Myers. The state should see 16 to 18 inches of snow west of Wichita, with the white stuff continuing up into Nebraska.

United Airlines announced Thursday that certain affected travelers can change their itineraries without paying fees.

Statewide emergency declared

Missouri Gov. Jay NIxon declared a state of emergency. Snow, sleet and ice could wreak havoc, and parts of the state could see more than 10 inches of snow.

Kansas City, Missouri, Mayor Sly James also declared a state of emergency. There were 250 snow plows working to clear roads in the city, but residents were urged to limit travel.

Kansas City International Airport announced that some flights were canceled and called on passengers to check on their flights before venturing to the airport.

The city could have its highest daily snowfall since 1912 on Thursday if the prediction of nearly a foot of snow pans out, CNN meteorologist Brandon Miller said.

CNN iReporter Joseph Kopel posted photos of empty shelves in St. Joseph, Missouri, on Wednesday as people stocked up for the blizzard.

Kansas State University canceled Thursday classes, as have dozens of grade schools in the Plains states.

In Wichita, crews have spread salt and sand across roads since Monday. But no matter how much they used, many roads remained slick. Side streets were worse, CNN affiliate KSN reported.

Across Kansas, authorities were calling on people to "just stay home," the station reported.

Wichita set a record for daily snowfall Wednesday, with 6.2 inches.

Track winter weather across the U.S.

Some drought relief expected

There is a silver lining for some areas facing the heavy snowfall. "Big chunks of Nebraska, Kansas, Oklahoma and Texas" are facing exceptional drought, HLN meteorologist Bob Van Dillen said.

"You squeeze out the water from the melting snow, and you're talking 1 to 2 inches of water for those dry regions."

On Wednesday, CNN iReporter Doug Simonton in Tulsa, Oklahoma, posted a photo of a car covered in snow and said numerous traffic accidents had been reported around town.

A large system

The storm system is huge and carries with it a warmer, wetter Southern component.

It will eventually stretch from the Dakotas to Houston, Myers said. While it will remain snowy in the north, the system will spawn torrential rains and tornadoes along the Gulf Coast and dump freezing rain over Arkansas and Missouri.

Arizona golf tournament suspended because of snow

"There's going to be a monster ice storm over Springfield and Branson, Missouri. Think of an inch of ice coating everything," Myers said. "Power lines will be coming down. Trees will be coming down."

In St. Louis, freezing rain is predicted to fall on top of a thin layer of snow, which will have "a significant impact on travel," the National Weather Service warned.

North of where the most snow will fall, Chicago could receive as much as 6 inches, CNN's Sarah Dillingham said. The city is running 15 inches below its average snowfall for the season.

Southern downpours

Severe thunderstorms moving in from the Gulf of Mexico are expected to dump from 2 to 6 inches of rain over New Orleans and Montgomery, Alabama, according to CNN's weather center, before rolling up toward Atlanta.

The torrential rains could lead to significant river flooding, as flood watches are still in effect from last week's heavy rains.

Heavy winds, hail and tornadoes are possible, the National Weather Service said. Downpours are expected to continue into Friday.

Desert dwellers stunned

On Wednesday, the winter storm system left a rare thin layer of snow across the deserts of Arizona, New Mexico and Southern California -- as far south as the border with Mexico.

"I've been here for over 10 years and I've never seen it snow like this," Kayla Avery of Tucson, Arizona, said in a CNN iReport, which came with a video of the snowfall.

"There is more snow on the ground in Tucson today than I have seen in over 30 years living here," Carrie Tucker said in another iReport.

Mona Jensen of Dolan Springs, Arizona, posted photos of her 8-acre property blanketed by snow.

Katie June in Yucca Valley, California, shared a shot of a snow-covered cactus.

"Some of the larger ones are having a hard time," she wrote. "But they all enjoy the drink!"

CNN's Steve Almasy, Mike Pearson and Pedram Javaheri contributed to this report.

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Winter storm brings heavy snow to Midwest

Updated at 8:47 a.m. ET

ST. LOUIS Parts of the nation's heartland awoke Thursday to more than half a foot of snow, as a large storm made its way eastward out of the Rockies, snarling traffic for morning commuters and allowing an army of children to trade pen and paper for shovel and sled, at least for a day.

Winter storm warnings were issued from Colorado through Illinois, and many school districts cancelled classes ahead of time, in anticipation of the more than a foot of snow expected to fall in some places.

CBS News weather consultant David Bernard reported on "CBS This Morning" Thursday that very heavy snow squalls were moving across Wichita, Kan., and further north into Kansas City, Mo., where it looks like it's going to snow hard for about the entire day.

Forecast models show the snowstorm pivoting from the southwest to the northeast throughout the morning and afternoon hours, so Wichita would see improvement late Thursday, but northeastern Kansas and most of Missouri would be looking at heavy snowfall until at least Thursday night, Bernard reports.

Kelly Sugden, a National Weather Service meteorologist in Dodge City, Kan., said early Thursday that the storm that had already dumped heavy snow on Colorado.

"It's very active," Sugden said, noting the snowfall was mixed with lightning and sleet showers.

Kansas' capital, Topeka, had little more than a dusting of snow after dawn, but in the town of Rozel, roughly 210 miles west, 6 1/2 inches had already been reported fallen.

Sugden said that while forecasters weren't expecting blizzard conditions to develop in Kansas, the Interstate 70 corridor could get as much as 13 inches of snow, and large drifts would make driving very dangerous.

In Oklahoma on Wednesday, roads were covered with a slushy mix of snow and ice that officials said caused a crash that killed an 18-year-old driver, Cody Alexander.

Alexander, of Alex, Okla., skidded in his pickup truck into oncoming traffic on State Highway 19 and was hit by a truck and killed, the Oklahoma Highway Patrol said. The other driver wasn't seriously injured.

In northern Arkansas, a school bus crashed Wednesday on a steep, snowy country road, leaving three students and the driver with minor injuries. Pope County Sheriff Aaron Duval said the bus slid off a road on Crow Mountain, nearly flipping before it was stopped by trees at the roadside.

The weather service warned that freezing rain could lead to a half-inch or more of ice accumulating Thursday in central and northern Arkansas, making travelling particularly dangerous.

Officials said the storm could be the Midwest's worst since a two-day storm that began Feb. 1, 2011. That storm was blamed for about two dozen deaths and left hundreds of thousands without power, some for several days. At its peak, the storm created white-out conditions so intense that Interstate 70 was shut down across the entire state of Missouri.

Tim Chojnacki, spokesman for the Missouri Department of Transportation, said it planned to have salt trucks on the roads before the storm arrived in the Show-Me State in hopes that the precipitation would largely melt upon impact.

Much of Kansas was expected to get up to a foot of snow, which many rural residents welcomed after nearly a year of drought.

Jerry and Diane McReynolds spent part of Wednesday putting out more hay and straw for newborn calves at their farm near Woodston in north central Kansas. The storm made extra work, but Diane McReynolds said it would help their winter wheat, pastures and dried-up ponds.

"In the city you hear they don't want the snow and that sort of thing, and I am thinking, 'Yes, we do,' and they don't realize that we need it," she said. "We have to have it or their food cost in the grocery store is going to go very high. We have to have this. We pray a lot for it."

Meanwhile, a separate snow storm caught many drivers by surprise in California, leaving hundreds stranded on mountain highways. A 35-mile stretch of Highway 58 between Mojave and Bakersfield was closed Wednesday, and several school districts closed. No injuries were reported.

Schools also were closed in northern Arizona and Colorado with snow there. Mindy Crane, a spokeswoman for the Colorado Department of Transportation, said hundreds of plows had been deployed for what was expected to be one of the most significant snow storms of the season.

Just the threat of snow led to a series of shutdowns in the middle of the country. Kansas Gov. Sam Brownback closed state government from Thursday morning through Friday morning and urged residents to stay off the roads.

Lawmakers in Nebraska and Iowa cancelled committee meetings and hearings, and the Arkansas Senate voted to recess until Monday so lawmakers could make it home before the worst of the storm hit. University of Nebraska officials moved a Big Ten men's basketball game against Iowa from Thursday to Saturday.

National Weather Service meteorologist Jayson Gosselin said precipitation is generally expected to drop off as the storm makes its way east. Chicago and parts of Indiana, he said, could get about 2 inches of snow and some sleet.

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3 Dead in Rolling Gun Battle on Vegas Strip

A drive-by shooting on the Las Vegas strip early this morning by the occupants of a Range Rover SUV, who shot at the occupants of a Maserati, caused a multi-car accident and car explosion that left three dead.

Police said that they believe a group of men riding in a black Range Rover Sport SUV pulled up alongside a Maserati around 4:20 a.m. today and fired shots into the car, striking the driver and passenger, according to Officer Jose Hernandez of the Las Vegas Metropolitan police department.

The Maserati then swerved through an intersection, hitting at least four other cars. One car that was struck, a taxi with a driver and passenger in it, caught on fire and burst into flames, trapping both occupants, Hernandez said.

Raw Video: Las Vegas Shooting Caught on Tape Watch Video

The SUV then fled the scene, according to cops.

The driver of the Maserati died from his gunshot wounds at University Medical Center shortly after the shooting, according to Sgt. John Sheahan.

The driver and passenger of the taxi both died in the car fire.

At least three individuals, including the passenger of the Maserati, were injured during the shooting and car crashes and are being treated at UMC hospital.

Police are scouring surveillance video from the area, including from the strip's major casinos, to try and identify the Range Rover and its occupants, according to police.

They do not yet know why the Range Rovers' occupants fired shots at the Maserati or whether the cars had local plates or were from out of state.

No bystanders were hit by gunfire, Hernandez said.

"We're currently looking for a black Range Rover Sport, with large black rims and some sort of dealership advertising or advertisement plates," Hernandez said. "This is an armed and dangerous vehicle."

The Las Vegas Convention and Visitors Authority had no immediate comment about the safety of tourists in the wake of the shooting today.

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Obama can't kick his legacy down road

By Gloria Borger, CNN Chief Political Analyst

February 20, 2013 -- Updated 1530 GMT (2330 HKT)

President Obama has a small window of opportunity to get Congress to act on his priorities, Gloria Borger says.

STORY HIGHLIGHTS

• Gloria Borger: Prospect of deep budget cuts was designed to compel compromise


• She says the "unthinkable" cuts now have many supporters


• The likelihood that cuts may happen shows new level of D.C. dysfunction, she says


• Borger: President may want a 2014 House victory, but action needed now

(CNN) -- So let's try to recount why we are where we are. In August 2011, Washington was trying to figure out how to raise the debt ceiling -- so the US might continue to pay its bills -- when a stunt was hatched: Kick the can down the road.

And not only kick it down the road, but do it in a way that would eventually force Washington to do its job: Invent a punishment.

Gloria Borger

If the politicians failed to come up with some kind of budget deal, the blunt instrument of across-the-board cuts in every area would await.

Unthinkable! Untenable!

Until now.

In fact, something designed to be worse than any conceivable agreement is now completely acceptable to many.

And not only are these forced budget cuts considered acceptable, they're even applauded. Some Republicans figure they'll never find a way to get 5% across-the-board domestic spending cuts like this again, so go for it. And some liberal Democrats likewise say 8% cuts in military spending are better than anything we might get on our own, so go for it.

Opinion: Forced budget cuts a disaster for military

The result: A draconian plan designed to force the two sides to get together has now turned out to be too weak to do that.

And what does that tell us? More about the collapse of the political process than it does about the merits of any budget cuts. Official Washington has completely abdicated responsibility, taking its dysfunction to a new level -- which is really saying something.

We've learned since the election that the second-term president is feeling chipper. With re-election came the power to force Republicans to raise taxes on the wealthy in the fiscal cliff negotiations, and good for him. Americans voted, and said that's what they wanted, and so it happened. Even the most sullen Republicans knew that tax fight had been lost.

Points on the board for the White House.

Now the evil "sequester" -- the forced budget cuts -- looms. And the president proposes what he calls a "balanced" approach: closing tax loopholes on the rich and budget cuts. It's something he knows Republicans will never go for. They raised taxes six weeks ago, and they're not going to do it again now. They already gave at the office. And Republicans also say, with some merit, that taxes were never meant to be a part of the discussion of across-the-board cuts. It's about spending.

Politics: Obama more emotional on spending cuts

Here's the problem: The election is over. Obama won, and he doesn't really have to keep telling us -- or showing us, via staged campaign-style events like the one Tuesday in which he used police officers as props while he opposed the forced spending cuts.

What we're waiting for is the plan to translate victory into effective governance.

Sure, there's no doubt the president has the upper hand. He's right to believe that GOP calls for austerity do not constitute a cohesive party platform. He knows that the GOP has no singular, effective leader, and that its message is unformed. And he's probably hoping that the next two years can be used effectively to further undermine the GOP and win back a Democratic majority in the House.

Slight problem: There's plenty of real work to be done, on the budget, on tax reform, on immigration, climate change and guns. A second-term president has a small window of opportunity. And a presidential legacy is not something that can be kicked down the road.

Follow @CNNOpinion on Twitter.

Join us at Facebook/CNNOpinion.

The opinions expressed in this commentary are solely those of Gloria Borger.

Part of complete coverage on

February 19, 2013 -- Updated 1419 GMT (2219 HKT)

Michael Hayden says the U.S. shouldn't let a lack of consensus at home drive policies on drones, cyber attacks.

February 19, 2013 -- Updated 1719 GMT (0119 HKT)

Apple is getting pushed around these days and its coolness factor seems to be fading. But John Abell says don't be too quick to count Apple out.

February 20, 2013 -- Updated 0100 GMT (0900 HKT)

Actor/producer Jesse Williams says Quentin Tarantino's film "Django Unchained" subordinates black characters and fails to illuminate the history of slavery.

February 19, 2013 -- Updated 1933 GMT (0333 HKT)

Ruben Navarrette believes that it's the guest workers program that will make or break the prospects for immigration reform.

February 19, 2013 -- Updated 1219 GMT (2019 HKT)

Howard Kurtz says lesser news stories eclipsed the follow up coverage that Obama's State of the Union deserved.

February 19, 2013 -- Updated 0024 GMT (0824 HKT)

President Obama may not have the votes to pass gun legislation, but David Frum says the government could do a lot to increase gun safety anyway.

February 19, 2013 -- Updated 0047 GMT (0847 HKT)

Since Canada will not tolerate an influx of zombies, we have to get ready and secure our borders, says Dean Obeidallah.

February 18, 2013 -- Updated 2259 GMT (0659 HKT)

Pablo Spiller says consumers will likely get more choices and improved quality of service.

February 18, 2013 -- Updated 1629 GMT (0029 HKT)

Convincing Congress to take on climate change will be an uphill battle, unless there's strong grass roots support, says Julian Zelizer.

February 17, 2013 -- Updated 1337 GMT (2137 HKT)

Bob Greene says the stories of former slaves, compiled in 1930s, tell of families torn apart, people deprived of basic freedoms

February 18, 2013 -- Updated 0028 GMT (0828 HKT)

Cameron Russell says her looks fit a narrow definition of beauty and her career as a model gives her views undeserved attention

February 19, 2013 -- Updated 0116 GMT (0916 HKT)

Meg Urry says the likelihood that a meteor hits and an asteroid passes close by Earth on the same day is quite improbable, yet the two events happened on Friday

February 19, 2013 -- Updated 1728 GMT (0128 HKT)

Frida Ghitis says the murder of Reeva Steenkamp allegedly by Oscar Pistorius is a reminder that we have to do more to protect women.

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British economy moves closer to new stimulus injection

LONDON: Britain's economy, at risk of a third recession in five years despite record employment, could see a fresh injection of cash stimulus, according to minutes of a Bank of England meeting published on Wednesday.

Bank of England (BoE) governor Mervyn King has called for more quantitative easing, minutes from the central bank's February meeting showed.

This helped push the pound to a near 16-month low point against the euro and London's FTSE 100 shares index to a five-year high in trading on Wednesday.

"2013 just goes from bad to worse for the pound as this morning's ... minutes came out with a surprisingly bearish vote of 6-3 against further asset purchases after 8-1 last time around," said Investec bank economist Victoria Clarke.

"This continues the snowball of gloominess which has been gathering pace against sterling with the downside risk now getting more worrying for the friendless pound."

Sterling has been hit in recent days also by market rumours that Standard & Poor's rating agency was preparing to cut its top AAA long-term credit rating for Britain. S&P has however declined to comment on the speculation.

Traders were meanwhile mulling over mixed British employment data.

According to the Office for National Statistics (ONS), employment in Britain has hit another record high point, with 29.73 million people in work at the end of December.

Despite this, the unemployment rate edged higher to 7.8 percent over the same period from 7.7 percent in the three months to November, the ONS added.

Recent data meanwhile showed that British gross domestic product shrank by 0.3 percent in the fourth quarter of 2012 compared with the previous three months.

Another contraction in the current first quarter of 2013 would place Britain in a so-called "triple-dip" recession.

Against such a backdrop, the BoE's nine-member Monetary Policy Committee voted 6-3 to keep its QE cash stimulus amount at £375 billion ($574 billion, 429 billion euros), according to minutes from their February 6-7 gathering.

However, outgoing chief King was joined by fellow MPC members David Miles and Paul Fisher in calling for another £25 billion in QE.

The British pound struck multi-month lows on Wednesday as the minutes stoked fresh concern over inflation and the economic outlook, dealers said.

Sterling slumped to 87.64 pence per euro -- which was the lowest level since late October 2011. It also dived to a seven-month nadir of $1.5282.

And on the stock market, London's FTSE 100 index of leading companies surged past 6,400 points for the first time in more than five years.

Under quantitative easing, the Bank of England creates cash that is used to purchase assets such as government and corporate bonds with the aim of boosting lending and in turn economic activity.

At the same time, QE can stoke inflation as it is tantamount to printing money.

British 12-month inflation stood at 2.7 percent in January for a record fourth month in a row -- above the government-set target of 2.0 percent.

"February's MPC minutes provided another clear demonstration of the Committee's increasingly flexible approach to inflation targeting," said Samuel Tombs, economist at the Capital Economics research group.

"We continue to think that more QE is only a few months away."

Wednesday's minutes added that BoE policymakers were unanimous earlier this month in freezing the bank's key interest rate at a record-low 0.50 percent -- where it has stood since March 2009, or almost four years.

-AFP/ac

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