Falling energy prices curb US inflation

WASHINGTON: US consumer prices were flat for a second month in a row in January, held down by a sharp drop in gasoline and fuel oil prices, government data released Thursday showed.

The Labour Department said its consumer price index was unchanged, while core CPI, excluding food and energy, rose 0.3 per cent.

The energy sub-index fell 1.7 per cent, its third consecutive decline, led by 3.0 per cent drops in prices for gasoline and fuel oil that offset a 1.1 per cent rise in electricity costs.

Food prices were unchanged after inching up 0.2 per cent in the prior three months.

In the overall CPI, clothing was the strongest price gainer, up 0.8 per cent.

The data underscored continued weak inflationary pressures in the sluggish economy, which contracted 0.1 per cent in the fourth quarter of 2012 despite massive stimulus from the Federal Reserve.

Year-over-year, CPI slowed for a third straight month, rising 1.6 per cent in January, its lowest rise in six months. In January 2012, CPI was up 2.9 per cent from the year-ago month.

Core CPI was up 1.9 per cent from a year ago, driven by a 3.8 per cent jump in airline fares and a 3.1 per cent rise in medical care costs.

"The year/year gain has been hovering around the two per cent mark for the past seven months, and shouldn't worry Fed officials too much," said Jennifer Lee of BMO Capital Markets.

- AFP/fa

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How to find and get the most out of an entrepreneurial mentor

I don't know where I'd be today without my entrepreneurial mentors. A lot of successful entrepreneurs will tell you the same thing.

Every 20-something entering the job market should have a mentor that can help her navigate the business world, but the bond between an entrepreneur and her mentor is unique. There aren't a lot of tougher mountains to climb than starting a company from scratch, and the emotional stress of a startup can be overwhelming. Being able to learn from somebody who's gone through the ups and downs is invaluable.

"Mentorship is a critical part of building an entrepreneurial community," says TechStars Chicago Managing Director (and one of my entrepreneurial mentors) Troy Henikoff. "Having successful entrepreneurs helping newer ones creates a sustainable culture were everyone participates and gives back."

I've written about this topic before, but I wanted to expand on the subject with some thoughts and advice on how to find and get the most out of an entrepreneurial mentor. Naturally, I turned to my mentors (Troy Henikoff and Redbox SVP Mark Achler), as well as a few friends, for some sagelike advice.

Here are the five lessons I recommend remembering:

1. Like any strong relationship, mentorship isn't forced

You can't force a relationship, whether it's love or business. It took me years to learn this lesson. While you may want something out of somebody new you meet (an investment, an introduction, advice, mentorship, and so on), coming out of the gate with that will only turn people off.

More importantly, you won't know whether somebody will be a great mentor for you until you've had time to get to know them and work with them. Mentorship is a lifetime relationship, so don't rush in.

2. Lawyers and accountants are surprisingly well connected

Mark Achler

(Credit:
Redbox)

When it comes to finding a mentor, the first place you should be looking is your existing network. But when that fails, you should talk to your fellow entrepreneurs.

"One of the best ways to find a great mentor, if you haven't encountered and built these personal relationships up over time through your previous work history, is to talk to fellow entrepreneurs/CEOs and ask them who have they worked with and recommend," says Redbox SVP of New Business (and my longtime entrepreneurial mentor) Mark Achler.

CEOs and founders aren't the only people who are connected to potential mentors, though. Trades that cater to entrepreneurs -- lawyers, accountants, advisors, and the like -- are also great resources.

"I have also found that attorneys and accountants who specialize in the startup world often already have these relationships and can provide the right access and recommendations to the appropriate mentors," Achler adds.

3. Keep your mentors in the loop

Troy Henikoff

(Credit:
Excelerate/TechStars Chicago)

While mentors are there to help you when you're dealing with a crisis, this should not be the only time you reach out to them.

"Keep your mentors and advisers updated with regular e-mails monthly on your progress," says Henikoff. "Then when you need their advice, you don't have to waste time updating them on the basics, but keep them focused on the issue at hand."

Just like the investor update (which every entrepreneur should be sending to their investors quarterly), the mentor update keeps the lines of communications fresh.

4. Open up!

In Silicon Valley, there is a tendency for entrepreneurs (and VCs) to say that "Everything is awesome!" when asked about how their company is doing. Entrepreneurs don't want to show any weakness publicly, lest it hurt their chances for a Series A.

These barriers must come down when it comes to your mentor, though. If you can't tell your mentor exactly what's happening, both the good and bad, then you aren't getting the most out of your mentor. You're just going through the motions and doing a disservice to your company and your team.

"The right mentor is a father confessor," Achler argues, "allowing the entrepreneur to let down their walls and share the emotions -- both high and low. The right mentor is an invaluable sounding board of advice."

Achler also says that the right mentor is a trusted friend, "who will tell you both the good (and let's face it everyone needs a pat on the back every once in a while) as well as give you the honest swift kick in the rear end when appropriate."

5. Take your mentor's advice to heart

The mentor-mentee relationship is built not just on trust and friendship, but on learning. One must be open to hard lessons and be humble enough to recognize the gaps in his or her knowledge.

"The biggest mentor I've had has been [Y Combinator founder] Paul Graham," says Justin.tv and Exec founder Justin Kan. "His number one piece of advice was simply 'make something people want.' -- which is pretty good advice, because if you don't make something people want, you have no product, and no sales."

I'd say that Kan has done a good job following his mentor's advice. And while not everything a mentor advises you to do will be the right course of action, more often than not they are right and you are wrong. So go into the relationship willing to learn and humbled by the fact that you still have a lot more to learn.

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Pistorius prosecution: Error in "testosterone" testimony

PRETORIA, South AfricaThe investigating officer in the Oscar Pistorius murder case made an error in his court testimony Wednesday when he identified a substance found in the athlete's bedroom as testosterone, the national prosecutor said.

Medupe Simasiku, the spokesman for South Africa's National Prosecution Agency, told The Associated Press that it was too early to identify the substance as it was still undergoing laboratory tests.

"It is not certain (what it is) until the forensics." Simasiku said, adding that it wasn't certain if it was "a legal or an illegal medication for now."

Play Video

Pistorius case: Police say they found testosterone, needles in bathroom

19 Photos

Olympic athlete charged with murder

Detective Warrant Officer Hilton Botha, the investigating officer, said earlier in court during Pistorius' bail hearing that police found two boxes of testosterone and needles in the bedroom of the Olympic athlete, who is charged with premediated murder in the Feb. 14 shooting death of his girlfriend Reeva Steenkamp.

It was a mistake to identify the substance now, Simasiku said, as it was still unknown. He said the discovery of needles was in Botha's statement, however.

Pistorius denies murder, saying in an affidavit Tuesday that the Valentine's Day shooting was accidental because he thought there was an intruder in his house.

In response to Botha's claim, the defense said Wednesday, the second day of Pistorius' bail hearing at Pretoria Magistrate's Court, that the substance found was not a steroid or a banned substance but an herbal remedy.

Pistorius' lawyer Barry Roux had slammed Botha's testimony earlier, saying police "take every piece of evidence and try to extract the most possibly negative connotation and present it to the court."

International Paralympic Committee spokesman Craig Spence told the AP soon after the substance claims that Pistorius — the world's most famous disabled athlete — was drug tested twice in London last year by the IPC, on Aug. 25 and Sept. 8. Both test results were negative, Spence said.

The Aug. 25 test was an out-of-competition test, and the Sept. 8 one in-competition, a day before the end of the London Paralympics.

The International Olympic Committee said it didn't test Pistorius at the Olympics, but referred the AP to the IPC's negative tests. International athletics body the IAAF and the World Anti-Doping Agency would not comment because it was an ongoing legal case.

"Bearing in mind the ongoing police investigation, WADA must refrain from making any statement at present," WADA said.

Giving testimony, Botha said police made the discovery of testosterone in bedroom of the double-amputee runner and multiple Paralympic champion's upscale Pretoria house after the shooting of Steenkamp but offered no further details or explanation. State prosecutor Gerrie Nel also had to correct Botha when he initially called it "steroids."

Simasiku later told the AP that the detective, Botha, thought it was testosterone by reading the first few letters of the label.

Pistorius' lawyer Roux, said on questioning the detective — who has 16 years' experience as a detective and 24 years with the police — that it was not a banned substance and that police were trying to give the discovery a "negative connotation."

"It is an herbal remedy," Roux said. "It is not a steroid and it is not a banned substance."

The debate over the substance added another dramatic twist to a case that has already gripped the world's attention since Steenkamp's killing at Pistorius' home last Thursday.

Prosecutor Nel also had to clarify that police were not saying that Pistorius was using the substance, only that it was discovered along with the needles in his bedroom.

Pistorius said Tuesday in a written affidavit and read in court by Roux that he mistakenly killed model Steenkamp in the early hours of Valentine's Day when he fired four shots into a locked toilet door, hitting his girlfriend three times after thinking she was a dangerous intruder.

The prosecution claims Pistorius intended to kill the 29-year-old Steenkamp after they had a fight.

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Fiery Debate Over Pistorius' Story at Bail Hearing

As prosecutors today outlined their case against South African Olympian Oscar Pistorius, providing details that they say indicates a premeditated act of murder against his girlfriend, his lawyers swatted at each bit of evidence on the dramatic second day of a bail hearing that will likely foreshadow the upcoming trial.

The Johannesburg courtroom sat riveted as police investigators said that Pistorius, a double-amputee who gained global acclaim for racing at the 2012 London Olympics, shot his girlfriend through a closed bathroom door at a high angle from which he had to be wearing his prosthetic legs.

Prosecutors insisted that Pistorius took a moment to put the legs on, indicating that he thought out and planned to kill Reeva Steenkamp, his model girlfriend, when he shot her three times through a closed bathroom door early on the morning of Valentine's Day.

There was a "deliberate aiming of shots at the toilet from about 1.5 meters [about 5 feet]," prosecutor Gerrie Nel said.

Read Oscar Pistorius' Full Statement to the Court

Nel said Pistorius fired four shots into the bathroom, hitting Steenkamp three times in the head, elbow, and hip.

Nel also said a witness would testify to hearing "non-stop talking, like shouting" in the early hours before the dawn shooting.

Oscar Pistorius: Defense Presents New Evidence Watch Video

'Blade Runner' Appears in Court to Hear Murder Charges Watch Video

Pistorius' lawyer, who argued Tuesday that the runner accidently fired on Steenkamp believing she was an intruder, assailed each bit of the prosecution's evidence, even getting a lead investigator to concede that police had not found anything to conclusively disprove the Olympian's story.

"[The angle] seems to me down. Fired down," Police officer Hilton Botha told the court, suggesting Pistorius was standing high up on his fake legs.

PHOTOS: Paralympics Champion Charged in Killing

But when pushed by defense lawyer Barry Roux, Botha admitted he did not know whether Pistorius was wearing the prosthetics.

When asked about the witness who allegedly heard yelling between Pistorius and Steenkamp, Botha admitted under cross-examination that the woman was about 600 yards -- six football fields -- away at the time.

When the prosecutor questioned Botha a second time, he backtracked to say the witness was actually much closer.

The prosecution showed a floor-plan of the couple's apartment and said there was no way for Pistorius to cross from one side of the bedroom toward the bathroom, or retrieve his hidden pistol, without realizing Steenkamp was not in bed.

"There's no other way of getting there," prosecutor Nel said.

The defense further suggested that Steenkamp had gone to the bathroom on her own, and not to flee from Pistorius, because her bladder was empty. Had she simply run there to hide at 3 am, it would have more likely been full, Roux said.

Asked by defense attorney Roux whether Steenkamp's body showed "any pattern of defensive wounds," suggesting she had put up a fight, Botha admitted it did not.

Prosecutors also said that they found two boxes of testosterone and needles in the bedroom, although the defense disputed the finding, calling the substance a "herbal remedy," not banned drugs or steroids.

Botha told the court today that he arrived at Pistorius' home at 4:15 a.m., Feb. 14, to find Steenkamp already dead, dressed in a white shorts and a black vest, and covered in towels. The first thing Pistorius told police was that "he thought it was a burglar," officials said.

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Bulgarian government resigns amid growing protests

SOFIA (Reuters) - Bulgaria's government resigned on Wednesday after mass protests against high power prices and falling living standards, joining a long list of European administrations felled by austerity during four years of debt crisis.

Prime Minister Boiko Borisov, an ex-bodyguard who took power in 2009 on pledges to root out graft and raise incomes in the European Union's poorest member, faces a tough task of propping up eroding support ahead of an expected early election.

Wage and pension freezes and tax hikes have bitten deep in a country where earnings are less than half the EU average and tens of thousands of Bulgarians have rallied in protests that have turned violent, chanting "Mafia" and "Resign".

Moves by Borisov on Tuesday to blame foreign utility companies for the rise in the cost of heating homes was to no avail and an eleventh day of marches saw 15 people hospitalized and 25 arrested in clashes with police.

"My decision to resign will not be changed under any circumstances. I do not build roads so that blood is shed on them," said Borisov, who began his career guarding the Black Sea state's communist dictator Todor Zhivkov.

A karate black belt, Borisov has cultivated a Putin-like "can-do" image since he entered politics as Sofia mayor in 2005 and would connect with voters by showing up on the capital's rutted streets to oversee the repair of pot-holes.

But critics say he has often skirted due process, sometimes to the benefit of those close to him, and his swift policy U-turns have wounded the public's trust.

The spark for the protests was high electricity bills, after the government raised prices by 13 percent last July. But it quickly spilled over into wider frustration with Borisov and political elites with perceived links to shadowy businesses.

"He made my day," said student Borislav Hadzhiev in central Sofia, commenting on Borisov's resignation. "The truth is that we're living in an extremely poor country."

POLLS, PRICES

The prime minister's final desperate moves on Tuesday included cutting power prices and risking a diplomatic row with the Czech Republic by punishing companies including CEZ, moves which conflicted with EU norms on protection of investors and due process.

CEZ officials were hopeful on Wednesday that it would be able to avoid losing its distribution license after all and officials from the Bulgarian regulator said the company would not be punished if it dealt with breaches of procedure.

But shares in what is central Europe's largest publicly-listed company fell another 1 percent on Wednesday.

If pushed through, the fines for CEZ and two other foreign-owned firms will not encourage other investors in Bulgaria, who already have to navigate complicated bureaucracy and widespread corruption and organized crime to take advantage of Bulgaria's 10-percent flat tax rate.

Financial markets reacted negatively to the turbulence on Wednesday. The cost of insuring Bulgaria's debt rose to a three-month high and debt yields rose some 15 basis points, though the country's low deficit of 0.5 percent of gross domestic product means there is little risk to the lev currency's peg against the euro.

Borisov's interior minister indicated that elections originally planned for July would probably be pulled forward by saying that his rightist GERB party would not take part in talks to form a new government.

MILLIONS GONE

GERB's woes have echoes in another ex-communist EU member, Slovenia, where demonstrators have taken to the streets and added pressure to a crumbling conservative government.

A small crowd gathered in support of Borisov outside Sofia's parliament, which is expected to approve his resignation on Thursday, while bigger demonstrations against the premier were expected in the evening.

Unemployment in the country of 7.3 million is far from the highs hit in the decade after the end of communism but remains at 11.9 percent. Average salaries are stuck at around 800 levs ($550) a month and millions have emigrated, leaving swathes of the country depopulated and little hope for those who remain.

GERB's popularity has held up well and it still led in the latest polls before protests grew in size last weekend, but analysts say the opposition Socialists should draw strength from the demonstrations.

The leftists, successors to Bulgaria's communist party, have proposed tax cuts and wage hikes and are likely to raise questions about public finances if elected.

(Additional reporting by Angel Krasimirov; editing by Patrick Graham)

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Gbagbo lawyer slams "political trial" at ICC

THE HAGUE: Laurent Gbagbo's lawyer hit out at a "political trial" at the International Criminal Court on Wednesday, where judges are to decide if the Ivorian ex-president should face charges of crimes against humanity.

Gbagbo, 67, is the first former head of state brought before the ICC, where he is accused of masterminding a campaign of violence during a bloody 2010-2011 presidential election standoff in the West African nation in which over 3,000 people died.

"The Ivorian people deserve better than a political trial, they deserve a trial of those who are really responsible for the country's decade-long destruction and the court deserves to have been able to look at what really happened in Ivory Coast," lawyer Emmanuel Altit told the court on the second day of the confirmation of charges hearing.

Gbagbo maintains that he is the rightful president of Ivory Coast and that he was evicted in favour of his rival, current President Alassane Ouattara, thanks to a plot led by former colonial ruler France.

Gbagbo faces four counts of crimes against humanity for allegedly fomenting the wave of violence. He has denied the charges against him.

Altit said the evidence against Gbagbo had holes in it and did not represent reality.

"Why aren't they here, why aren't they being prosecuted?" said Altit, listing officials in Ouattara's government.

While thousands died during the five-month standoff, forces loyal to Gbagbo as well as those loyal to Ouattara have been accused of massive human rights abuses.

Prosecutors and the defence are to spend just over a week arguing their cases before a three-judge bench, who will then decide if there are "substantial grounds to believe that Gbagbo committed the crimes" and should be charged.

The prosecution says Gbagbo masterminded a plan to "stay in power by all means... through carefully planned, sustained and deadly attacks" against Ouattara supporters.

Between November 28, 2010 and May 8, 2011 Gbagbo's forces killed between 706 and 1,059 people and raped more than 35 women, prosecutors say.

His supporters have accused Ouattara's camp of practising "victor's justice" as many of the former president's backers are now behind bars -- including Gbagbo's wife Simone, who is also wanted by the ICC -- while none of those close to the Ouattara regime have been arrested.

The hearings started on Tuesday and are to last over a week, with Gbagbo expected to speak on the final day, February 28.

-AFP/ac

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Search no more for hot dogs with this countertop steamer

Every kitchen should have a hot dog drawer.

(Credit:
Amazon)

The kitchen cupboard is a portal that can lead to many great discoveries. However, the kitchen doesn't always have to be about exploration. Sometimes, it is a simple, everyday favorite that calls out to our stomachs. A go-to meal is after all, a meal to go to without hesitation. But for that, of course, you need a drawer full of hot dogs.

The methods employed to make a batch of hot dogs at home can range from the deceptively simple to the downright outrageous. However, even if you want it plain or if you prefer it to be a complicated tower of condiments (mustard, onions, jalapeño, bacon, sauerkraut), what really matters is if it is there and ready when you need it. Indeed, hot dogs on demand could be a considered essential kitchen necessity. (Well, maybe for some.) In any event, the Hot Dog Steamer CuiZen ST-1412 by EZGuardZ ($99.99) is here to help make that dream become a reality.

Regardless of its complicated name, the hot dog gadget is as straightforward as it gets: add water, put the dogs in the lower compartment and add buns to the top when necessary. That's all it takes to have a drawer full of hot dogs in waiting. Sure, you could use the appliance to steam food other than hot dogs, but this isn't about versatility here; this is about hot dogs. Then again, it does ship with a "Hot Dogs of the World" recipe book, so maybe that kitchen cupboard will hold a few surprises after all.

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Pistorius' account of shooting, in his own words

Oscar Pistorius in court following his bail hearing in Pretoria, South Africa, Tuesday, Feb. 19, 2013. / AP Photo

Oscar Pistorius, the famed double amputee South African Olympian, has been charged by prosecutors with intentionally murdering his girlfriend Reeva Steenkamp in his Pretoria home.

Play Video

Pistorius: I thought girlfriend was a burglar

He has said it was an accident, that he mistook her for a burglar when he fired several rounds through a locked bathroom door with a 9mm pistol. When a judge ruled Tuesday that he could not outright dismiss the prosecution's premeditated murder charge, Pistorius told his side of the story to the court on the same day Steenkamp's family laid her to rest in coastal Port Elizabeth.

The following are the portions of the statement Pistorius' lawyers submitted to the court via an affadavit that offer his view of the tragic events of this past Valentine's Day:

• 16.2 I have been informed that I am accused of having committed the offence of murder. I deny the aforesaid allegation in the strongest terms.
• 16.3 I am advised that I do not have to deal with the merits of the case for purposes of the bail application. However, I believe that it is appropriate to deal with the merits in this application, particularly in view of the State's contention that I planned to murder Reeva. Nothing can be further from the truth and I have no doubt that it is not possible for the State to present objective facts to substantiate such an allegation, as there is no substance in the allegation. I do not know on what different facts the allegation of a premeditated murder could be premised and I respectfully request the State to furnish me with such alleged facts in order to allow me to refute such allegations.
• 16.4 On the 13th of February 2013 Reeva would have gone out with her friends and I with my friends. Reeva then called me and asked that we rather spend the evening at home. I agreed and we were content to have a quiet dinner together at home. By about 22h00 on 13 February 2013 we were in our bedroom. She was doing her yoga exercises and I was in bed watching television. My prosthetic legs were off. We were deeply in love and I could not be happier. I know she felt the same way. She had given me a present for Valentine's Day but asked me only to open it the next day.
• 16.5 After Reeva finished her yoga exercises she got into bed and we both fell asleep.
• 16.6 I am acutely aware of violent crime being committed by intruders entering homes with a view to commit crime, including violent crime. I have received death threats before. I have also been a victim of violence and of burglaries before. For that reason I kept my firearm, a 9 mm Parabellum, underneath my bed when I went to bed at night.
• 16.7 During the early morning hours of 14 February 2013, I woke up, went onto the balcony to bring the fan in and closed the sliding doors, the blinds and the curtains. I heard a noise in the bathroom and realised that someone was in the bathroom.
• 16.8 I felt a sense of terror rushing over me. There are no burglar bars across the bathroom window and I knew that contractors who worked at my house had left the ladders outside. Although I did not have my prosthetic legs on I have mobility on my stumps.
• 16.9 I believed that someone had entered my house. I was too scared to switch a light on.
• 16.10 I grabbed my 9mm pistol from underneath my bed. On my way to the bathroom I screamed words to the effect for him/them to get out of my house and for Reeva to phone the police. It was pitch dark in the bedroom and I thought Reeva was in bed.
• 16.11 I noticed that the bathroom window was open. I realised that the intruder/s was/were in the toilet because the toilet door was closed and I did not see anyone in the bathroom. I heard movement inside the toilet. The toilet is inside the bathroom and has a separate door.
• 16.12 It filled me with horror and fear of an intruder or intruders being inside the toilet. I thought he or they must have entered through the unprotected window. As I did not have my prosthetic legs on and felt extremely vulnerable, I knew I had to protect Reeva and myself. I believed that when the intruder/s came out of the toilet we would be in grave danger. I felt trapped as my bedroom door was locked and I have limited mobility on my stumps.
• 16.13 I fired shots at the toilet door and shouted to Reeva to phone the police. She did not respond and I moved backwards out of the bathroom, keeping my eyes on the bathroom entrance. Everything was pitch dark in the bedroom and I was still too scared to switch on a light. Reeva was not responding.
• 16.14 When I reached the bed, I realised that Reeva was not in bed. That is when it dawned on me that it could have been Reeva who was in the toilet. I returned to the bathroom calling her name. I tried to open the toilet door but it was locked. I rushed back into the bedroom and opened the sliding door exiting onto the balcony and screamed for help.
• 16.15 I put on my prosthetic legs, ran back to the bathroom and tried to kick the toilet door open. I think I must then have turned on the lights. I went back into the bedroom and grabbed my cricket bat to bash open the toilet door. A panel or panels broke off and I found the key on the floor and unlocked and opened the door. Reeva was slumped over but alive.
• 16.16 I battled to get her out of the toilet and pulled her into the bathroom. I phoned Johan Stander ("Stander") who was involved in the administration of the estate and asked him to phone the ambulance. I phoned Netcare and asked for help. I went downstairs to open the front door.
• 16.17 I returned to the bathroom and picked Reeva up as I had been told not to wait for the paramedics, but to take her to hospital. I carried her downstairs in order to take her to the hospital. On my way down Stander arrived. A doctor who lives in the complex also arrived. Downstairs, I tried to render the assistance to Reeva that I could, but she died in my arms.
• 16.18 I am absolutely mortified by the events and the devastating loss of my beloved Reeva. With the benefit of hindsight I believe that Reeva went to the toilet when I went out on the balcony to bring the fan in. I cannot bear to think of the suffering I have caused her and her family, knowing how much she was loved. I also know that the events of that tragic night were as I have described them and that in due course I have no doubt the police and expert investigators will bear this out.

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Oscar Pistorius Describes 'Sense of Terror'

Olympian Oscar Pistorius today denied that he willfully killed his girlfriend, telling a South African court that he shot the woman through his bathroom door because he believed she was an intruder.

Pistorius, 26 and a double-amputee Olympian, was charged today with premeditated murder, or a Schedule 6 offense, which under South African law limits his chances for parole if convicted.

"I fail to understand how I could be charged with murder, let alone premeditated murder because I had no intention to kill my girlfriend," Pistorius said in a statement, read by his lawyer.

"I deny the accusation," he said. "Nothing can be further from the truth that I planned the murder of my girlfriend."

The court adjourned today with no decision on his bail and the hearing is scheduled to resume Wednesday.

PHOTOS: Paralympic Champion Charged in Killing

Pistorius, who gained worldwide fame for running on carbon-fiber blades and competing against able-bodied runners at the Olympics, is accused of shooting his girlfriend, Reeva Steenkamp, at his gated home in Pretoria, South Africa, Feb. 14.

In a statement read by his lawyer today, the runner said he and Steenkamp went to bed together before he was awoken by a noise he thought was an intruder coming from the bathroom.

Filled with a "sense of terror," he removed the 9-mm pistol he kept hidden under his bed and, without putting on his prosthetic legs, began shooting through the bathroom door, according to his statement.

"I was scared and didn't switch on the light," he said. "I got my gun and moved towards the bathroom. I screamed at the intruder because I did not have my legs on. I felt vulnerable. I fired shots through the bathroom door and told Reeva to call police.

Oscar Pistorius: Was Shooting Premeditated? Watch Video

Conflicting Theories Muddle Oscar Pistorius Murder Case Watch Video

Oscar Pistorius Allegedly Fought the Night of Shooting Watch Video

"I walked back to the bed and realized Reeva was not in bed. It's then it dawned on me it could be her in there," he said.

That's when he realized Steenkamp was not in bed, he said in the statement. Fearing she was inside the bathroom, he says, he broke down the door using a cricket bat and carried the woman outside, where he called for help, and she soon died.

Excerpts of Prosecutor's Case Against Pistorius

Pistorius appeared in court today for the first time since his Valentine's Day arrest, as prosecutors laid out their case, insisting that the runner could not have mistaken his girlfriend for an intruder.

"[Pistorius] shot and killed an innocent woman," Gerrie Nel, the senior state prosecutor, said in court, adding that there is "no possible explanation to support" the notion that Pistorius thought Steenkamp was an intruder.

Prosecutors said, "There is no possible explanation to support his report that he thought that it was a burglar. Even [in] his own version, he readied himself, walked to the bathroom with the clear intention and plan to kill the 'burglar' and did so whilst the burglar was harmless and contained in a toilet. This in itself also constitutes premeditated murder of a 'defenseless burglar.''

Pistorius said he and Steenkamp were in his bedroom the night before Valentine's Day, when she
was doing yoga exercises and he was in bed watching television. "My prosthetic legs were off," according to his statement. "We were deeply in love and I could not be happier. I
know she felt the same way. She had given me a present for Valentine's Day
but asked me only to open it the next day.

"After Reeva finished her yoga exercises she got into bed and we both fell
asleep."

Later, police responding to neighbors' calls about shouting and gunshots at Pistorius' home in the guarded and gated complex in the South African capital discovered Steenkamp's body. A 9-mm pistol was recovered at the home.

Prosecutors said Steenkamp had arrived at the house with the expectation of spending the night with Pistorius. They said that Steenkamp was shot while in the bathroom, which is about 21 feet from the main bedroom, and that the two rooms are linked by a passage. The door to the toilet was broken down from the outside, prosecutors said, implying that the bathroom door had been locked.

Prosecutors believe it's a case of premeditated murder because, they say, Pistorius had to stop, put on his prosthetic legs, grab a gun and then walk 21 feet to a bathroom.

The premeditated murder charge means that he would likely be sentenced to life in prison if convicted, and that he is likely to be denied bail.

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Venezuela's Maduro would win vote if Chavez goes: poll

CARACAS (Reuters) - Venezuelan Vice President Nicolas Maduro would win a presidential vote should his boss Hugo Chavez's cancer force him out, according to the first survey this year on such a scenario in the South American OPEC nation.

Local pollster Hinterlaces gave Maduro 50 percent of potential votes, compared to 36 percent for opposition leader Henrique Capriles.

Chavez made a surprise return to Venezuela on Monday, more than two months after cancer surgery in Cuba, to continue treatment at home for the disease that is jeopardizing his 14-year socialist rule.

He has named Maduro, 50, a former bus driver and union activist, as his preferred successor.

Capriles, 40, a center-left state governor who lost to Chavez in a presidential vote last year, likely would run again.

Chavez still has not spoken in public since his December 11 operation in Cuba. Venezuelans were debating on Tuesday the various possible scenarios after his homecoming - from full recovery to resignation or even death from the cancer.

There was widespread expectation Chavez would soon be formally sworn in for his new six-year term at the Caracas military hospital where officials said he was staying. The January 10 ceremony was postponed while he was in Cuba.

"The president's timeline is strictly linked to his medical evolution and recovery," said Rodrigo Cabezas, a senior member of Chavez's ruling Socialist Party who, like other officials, would not comment on when he might be sworn in.

CAPRILES ANGRY

Should Chavez be forced out, Venezuela's constitution stipulates an election must be held within 30 days, giving Capriles and the opposition Democratic Unity coalition another chance to end the socialists' lengthy grip on power.

Capriles, who crossed swords with Hinterlaces at various points during the presidential election, again accused its director, Oscar Schemel, of bias in the latest survey.

"That man is not a pollster, he's on the government's payroll," Capriles told local TV.

"He said in December I would lose the Miranda governorship," he added, referring to his defeat of government heavyweight Elias Jaua, now foreign minister, in that local race.

Opinion surveys are notoriously controversial and divergent in Venezuela, with both sides routinely accusing pollsters of being in the pocket of the other. But Hinterlaces successfully forecast Chavez's win with 55 percent of the vote in October.

Its latest poll was of 1,230 people between January 30-February 9.

Polls last year showed Capriles - an energetic basketball-playing lawyer who admires Brazil's centrist mix of free-market economics with strong social welfare policies - as more popular than any of Chavez's senior allies.

But Chavez's personal blessing of Maduro, on the eve of his last cancer surgery, has transformed his status and made him the heir apparent for many of the president's supporters.

As de facto leader since mid-December, Maduro also has built up a stronger public profile, copying the president's techniques of endless live TV appearances, especially to inaugurate new public works or promote popular policies like subsidized food.

He lacks Chavez's charisma, however, and opponents have slammed him as a "poor imitation" and incompetent.

EMOTION

Local analyst Luis Vicente Leon said that should Chavez die, Maduro would benefit from the emotion unleashed among his millions of passionate supporters in Venezuela.

"The funeral wake for Chavez would merge into the election campaign," he told a local newspaper, noting how Argentine President Cristina Fernandez's popularity surged when her husband and predecessor Nestor Kirchner died in 2010.

Maduro already has implemented an unpopular devaluation of the local currency and said more economic measures are coming this week in what local economists view as austerity measures after blowout spending prior to last year's election.

In Caracas, the streets were quieter after tumultuous celebrations of Chavez's homecoming by supporters on Monday. A few journalists stood outside the military hospital.

Prayer vigils were planned in various parts of Venezuela.

"We hope Chavez will stay governing because he is a strong man," supporter Cristina Salcedo, 50, said in Caracas.

Student demonstrators who had chained themselves near the Cuban Embassy last week, demanding more information on Chavez's condition, called off their protest after his return.

Until photos were published of him on Friday, the president had not been seen by the public since his six-hour December 11 operation, the fourth since cancer was detected in mid-2011.

The government has said Chavez is breathing through a tracheal tube and struggling to speak.

Bolivian President Evo Morales arrived in Caracas on Tuesday in the hope of visiting his friend and fellow leftist.

(Additional reporting by Deisy Buitrago, Mario Naranjo, Girish Gupta in Caracas, Carlos Quiroga in La Paz; Editing by Bill Trott)

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