Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/181143832?client_source=feed&format=rss
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Saturday, December 31, 2011
food52: The sweet spot -- not just for baseball anymore. | @thirschfeld explains how it works in the garden & kitchen too. http://t.co/1yVTdeE4
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The sweet spot -- not just for baseball anymore. | @thirschfeld explains how it works in the garden & kitchen too. food52.com/blog/2823_find? 
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Source: http://twitter.com/food52/statuses/152104932063981568
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Friday, December 30, 2011
Andrew Luck, sustainability, and unsportsmanlike comments
Andrew Luck easing up on course load with an urban sustainability class? Don't diss sustainability!
In this morning's SF Chronicle,?Scott Ostler writes?about Stanford QB Andrew Luck's choice to take easy classes this semester as he focused on his Saturday games and his chance to win the Heisman Trophy. Here is the quote that caught my eye.?
Skip to next paragraph Matthew KahnMathew is an economics professor at UCLA and has written three books: Green Cities (Brookings Institution Press); Heroes and Cowards (Princeton University Press, jointly with Dora L. Costa); and in fall 2010, Climatopolis: How Our Cities Will Thrive in the Hotter World (Basic Books).
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"Luck needs two more classes to graduate. He will skip the upcoming winter quarter to prep for an NFL career, then come back in the spring to pick up the classes.
Luck did dial it back a tad academically this past quarter, as he dealt with Heisman Trophy hoopla and Stanford football. But it's relative.A month ago he told me, "At this point you realize, 'I'm not going to take classes in school that are going to tax my time completely.' Which is not to say that I don't put the effort into the classes. But I'm not going to take the maximum amount of units, or a hard studio class for architecture."Luck said he took two art history classes and a course in urban sustainability, whatever that is. Easy courses?"I wouldn't call 'em easy," Luck said, uneasily, "but on the lighter workload side. I wouldn't want to disrespect the professors."You know how big-time football stars hate to disrespect their professors.Luck, due to some oversight, never received the?College?Superstar Athlete Manual. He attends classes, gets good grades (around a 3.5 GPA), rides his bicycle around campus and lived in the dorm his first three years."?
So, Dr. Ostler --- you dare to mock "urban sustainability"? ? Allow me to offer you a short course on this subject.
You have a job at the SF Chronicle because there is a city called San Francisco. ?If there were no cities, you would be a farmer and would spend your days doing hard work just to make sure that your family has something to eat. ?You wouldn't have a tractor because such farming equipment is made in cities.Good luck using your hands and other primitive tools.
All over the world, billions of people are moving to cities and becoming richer because they are moving to cities. ?If everyone in India and China achieves the American Dream of earning a good wage and then buying a home and a car and consuming electricity, will we run out of oil and other natural resources? Will we unintentionally exacerbate the challenge of climate change because of the fossil fuels we use in powering our economy? ? Could we unintentionally kill off the golden goose because our cities are growing? ?These are some of the major themes of urban sustainability? ?You and Mr. Luck should pay more attention in class. This is an exciting field. If you would like to learn more, go to?this webpage?and start reading!
Now, maybe Stanford is to blame for not offering rigorous urban sustainability classes? ?I taught for one year at Stanford in 2003-2004 and was very happy with the students but I doubt that "urban sustainability" is taught by an economist. ? So, Mr. Luck's experience may be an example of why serious universities should be hiring more economists so that we can teach these classes. ?The rigorous tools of economics can be applied to many subjects that appear to be far removed from "supply and demand".
Dr. Ostler and Dr. Luck have both chosen to live in the San Francisco metropolitan area. ?It is well known to be a "Green City". ?Do they believe that this status was simply caused by god giving it good temperate climate and some topographical beauty? ?This is surely part of the equation but don't forget the human aspect. The area self selects liberal, educated, sophisticated people (think of Berkeley) and these folks vote for policies that further "green" the area.
This in ?a nutshell is "urban sustainability". ? When Andrew Luck is playing for the Colts in Indy, he may want to go back to his notes to think about how to make that city nicer. ?Don't simply blame the cold weather. ?Chicago is "green" these days. ?Why? ?Take a course in urban sustainability and stay awake this time!
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Wednesday, December 28, 2011
Samsung takes a bite out of Apple
As the camera zooms in from a bustling San Francisco street scene, a young woman in thick brown frames and a blue cardigan waits in line, texting as she sings, ?Nine hours down, and we?re almost in the door!?
The scene then shifts to Chicago, where more hip twentysomethings stand in line. A guy in a sweater and red beanie asks, ?If it looks the same, how will people know I upgraded??
More related to this story
The targets of derision in the ad are obvious: Apple Inc., its newest iteration of the iPhone, and the cross-section of its most loyal fans willing to camp out and wait hours to get their hands of the latest gadget from the Cupertino, Calif.-based technology giant.
The company behind it, though, is slightly less obvious, given its pervasive but understated presence in the global mobile market: Samsung Electronics Co. Ltd. The commercial eventually shifts, and those waiting in Apple?s lineups see people using slick Samsung phones and blurting out remarks like, ?Whoa, what?s she got there??
The sprawling South Korean company, which makes everything from fridges and washers and dryers to TVs and high-end smartphones and tablets, has struck a newly confident tone.
That Samsung hasn?t been ridiculed itself for the Apple-mocking advertisement is testament to how far the company has come. It is wrapping up a banner year, surpassing Apple to become the world?s largest smartphone manufacturer ? shipping 27.8-million smartphones in the third quarter compared with Apple?s 23.8-million, according to research firm Strategy Analytics. (Apple had only recently overtaken Nokia Corp.)
?Apple doesn?t own innovation and design out there right now,? says Brian Wallace, a vice-president of strategic marketing at Samsung, who joined the company this year from Canadian smartphone giant Research In Motion Ltd. ?It was time to stand up and say, ?Here?s an alternative.? ?
Samsung?s commercial went viral ? it was viewed more than four million times on YouTube. More impressive is the way it has reshaped the wireless phone market, seizing on Google Inc.?s free Android operating system and trying to out-innovate Apple on the hardware front. Mike Walkley, an analyst with Canaccord Genuity who tracks hardware manufacturers, said Samsung?s recent growth is likely to continue. He raised his estimate for the company?s fourth quarter by about three million units, and now thinks Samsung will move 34.5-million smartphones in the quarter.
?Samsung?s smartphone share gains are impressive as the company continues to materially grow smartphone sales despite the launch of the iPhone 4S,? Mr. Walkley wrote in a recent note to clients. ?We believe Samsung will extend its Android leadership position during [the fourth quarter] to over 40 per cent of total Android units sold.?
In October, Samsung Electronics announced a 37-per-cent increase in third-quarter revenue from its telecommunications division, driven by strong sales of Samsung Galaxy phones. The unit posted an operating profit of 2.52-trillion won (more than $2-billion Canadian).
Apple remains a force in the smartphone space, of course. Its newest iPhone, though similar to the one that preceded it, came with Siri, the ?digital assistant? that responds to voice commands, and has sold extremely well. Apple has also had some success in emerging markets such as China and Brazil, where Samsung and other lower-cost handset makers like Nokia are much more established. The success of Apple and Samsung has hurt sales at other Android-using smartphone makers, such as Taiwan?s HTC Corp.
In some countries, ?People are looking at these phones as their first computer,? says Paul Brannen, Samsung?s Canadian vice-president for mobile. Samsung?s smartphone revenue in Canada has grown 50 per cent, year-over-year, with unit shipments up 9 per cent, he notes.
Samsung?s growth in both the high- and low-end markets has also further squeezed Waterloo, Ont.-based smartphone giant RIM. In the U.S., RIM has lost ground to high-end devices running Android, but analysts are also noticing a proliferation of cheaper Android phones in emerging markets where RIM has long been dominant.
When asked if RIM could have taken direct aim at Apple with a television commercial like Samsung?s, Mr. Wallace laughs, then falls silent for a few seconds before he replies. ?Do you really expect me to answer that?? the former RIM executive says. ?You can imagine my answer to that. I think there was a time.?
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Sony, Samsung dissolve joint venture
Japan?s Sony Corp. and South Korean rival Samsung Electronics Co. Ltd. are dissolving their joint venture in liquid crystal display panels as Sony tries to stanch years of losses in its TV business.
Sony said Monday that Samsung will buy all of Sony's shares in the joint venture for about 1.08 trillion Korean won ($954-million) subject to a final agreement.
The joint venture called S-LCD was set up in 2004. Sony, which fell behind in flat panel TVs, invested in a Samsung panel factory to ensure a steady supply of panels for its LCD TVs.
Sony?s TV operation has lost money for seven straight years and the company is straining to return that key business to profit.
The prices of TVs as well as panels have been dropping so it makes more sense to buy panels at the market rate than to invest in production.
Sony, which makes Bravia TV sets, does not make its own LCD panels.
It said it will enter a new partnership with Samsung to buy panels, and will also continue buying panels from other manufacturers.
Sony said it will suffer a loss of ?66-billion ($864-million) for the third quarter of this fiscal year, which ends later this month, because of the declining value of investment in S-LCD.
Getting out of the production venture will produce substantial savings after January, 2012, when the deal is completed, according to Sony.
It was still unclear how Sony's profit forecast for the fiscal year through March of 2012 will be affected, company spokesman Takashi Uehara said.
Associated Press
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Star players shine as NBA makes Christmas return (Reuters)
(Reuters) ? LeBron James, Carmelo Anthony and Derrick Rose all shined as the NBA tipped off in style on Christmas Day with some sparkling action putting aside memories of the five month long lockout.
The Miami Heat immediately showed why they are title favorites by beating last season's champions the Dallas Mavericks, while the New York Knicks enjoyed a surprise victory over the Boston Celtics at Madison Square Garden and the Chicago Bulls produced a great comeback to beat the Los Angeles Lakers.
The games were part of a five-game opening day to the delayed and reduced 66-game regular season after the dispute between players and owners over a new collective contract ended earlier this month.
When they finally reached a new collective bargaining agreement, that was ratified on December 8, the teams had just 17 days to get their rosters filled, hold brief training camps, complete a couple of warm-ups and get ready for Sunday's openers.
The opening day quickly gave fans a taste of what was at risk with some great displays from top performers.
The Heat ruined the Mavericks' championship celebrations with a resounding 105-94 victory led by standout performances from James and team-mate Dwyane Wade in Dallas.
The Heat had to wait in their locker room as the Mavericks raised their championship banner minutes before the start of the game as Dallas players, wearing "2011 NBA Champions" on the back of their tracksuits, celebrated.
But when the game got underway, finals MVP Dirk Nowitzki and team-mates Jason Kidd and Jason Terry were swept aside by an impressive Heat,
Miami were 97-65 up after three quarters, before allowing Dallas, who never led, to make the score respectable in the fourth.
James scored 37 points and had 10 rebounds and six assists while Dwyane Wade contributed 26 points with eight rebounds and six assists, as the Heat's two biggest names offered an early reminder of their quality.
Last season's league MVP, Rose, crowned a superb comeback from the Bulls with a one-handed running shot over Pau Gasol to win the game 88-87 with 4.8 seconds remaining.
Kobe Bryant's last gasp attempt to steal it back for the Lakers was dashed as his shot at the buzzer was blocked by Luol Deng.
Rose scored 22 points with Deng making 21 as the Bulls overturned a six-point lead in the final two minutes while the Lakers missed four free throws in the final 1:40.
Bryant scored 28 points for the Lakers but will be disappointed to have started the season with a home loss.
Carmelo Anthony was the top performer for New York, scoring 37 points as the Knicks enjoyed a 106-104 victory over the Celtics.
The Knicks were fastest out of the blocks taking a 34-23 lead at the end of the first quarter and leaving Celtics head
coach Doc Rivers fuming at his team, telling them they were "playing soft."
Boston trailed 62-52 at half-time but piled on 35 points in the third quarter to lead by eight heading into the last period.
The Celtics had won their last eight games against the Knicks but New York fought back this and Anthony's two free throws with 16.3 seconds left proved to be the game winners as Boston failed to score again as Marquis Daniels missed a three pointer then Kevin Garnett missed a 16 footer at the buzzer.
Rajon Rondo was the top scorer for Boston with 31 points while Anthony scored 17 points in the last quarter for New York.
(Editing by Greg Stutchbury)
Source: http://us.rd.yahoo.com/dailynews/rss/sports/*http%3A//news.yahoo.com/s/nm/20111226/sp_nm/us_nba
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Tuesday, December 27, 2011
lrnshw: Mo is blowing my mind telling us about Patrick, SC and these wackos called monkeys that are inbred & a parade & @vivimon and I have to go.
Mo is blowing my mind telling us about Patrick, SC and these wackos called monkeys that are inbred & a parade & @ and I have to go. Source: http://twitter.com/lrnshw/statuses/151116909851590656
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HSBC extends $250 mln loan to Israel natgas explorers
JERUSALEM, Dec 25 (Reuters) - Israel's Delek Drilling and Avner Oil Exploration said on Sunday they have received a combined $250 million loan from HSBC for the development of the Tamar and Leviathan natural gas sites and other expenses.
Delek and Avner, units of conglomerate Delek Group , are part of a group led by U.S.-based Noble Energy developing natural gas wells off Israel's Mediterranean coast.
The Tamar prospect, which contains an estimated 8.4 trillion cubic feet of gas, is due online in 2013 with natural gas from Tamar expected to supply Israel's gas needs for more than 15 years. A nearby site, Leviathan, is nearly twice as large and due to be online around 2017.
The non-recourse loan to Delek and Avner will be in two parts, the companies said in a statement to the Tel Aviv Stock Exchange -- a $75 million loan that will be available after meeting a number of conditions and a $175 million loan for the Tamar project and repayment of a bridge loan.
The loans are variable interest and pay LIBOR plus 3.5-4 percent.
Noble holds 36 percent of Tamar, while Delek and Avner own 15.625 percent each and Isramco Negev holds 28.75 percent.
The reliance on Israeli gas has intensifed this year as supplies from Egypt have been erratic as militants have attacked the pipeline between Egypt and Israel 10 times.
(Reporting by Steven Scheer; Editing by Mike Nesbit) Keywords: DELEK LOAN/HSBC
(steven.scheer@thomsonreuters.com)(+972 2 632 2210 Reuters Messaging: steven.scheer.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2011. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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Monday, December 26, 2011
Wedding Bells
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Source: http://bobbleheadsports.com/wedding-bells
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Mayor: House fire kills 5 in Stamford, Conn.
Got (AP) - STAMFORD, Conn. Authorities say fire broke out in a home in Stamford, Conn., on Christmas morning, killing five people.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Mayor Michael Pavia says the victims are two adults and three children. Their names have not been released.
Acting Fire Chief Antonio Conte told reporters that two people escaped the fire, which was reported shortly before 5 a.m.. They were taken to a hospital. Conte says the cause of the fire has not been determined.
A neighbor, Sam Cingari Jr., says he was awakened by the sound of screaming. He says the house was entirely engulfed by flames.
Cingari says he does not know his neighbors, who he says bought the house last year and were renovating it.
Pavia and Conte had no further details.
Stamford is a city of 117,000 residents about 25 miles northeast of New York City.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Source: http://www.breitbart.com/article.php?id=D9RRKMUO0&show_article=1
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Sunday, December 25, 2011
SOUTHGATE: Mayor, county executive give toys and food to children
More Photos
Click thumbnails to enlarge
Cheyenne Morris, 9, of Southgate (left); Barbara Hernandez; Cameron Priebe, Wayne County assistant ex-ecutive; and Phillip Hernandez enjoy a meal Tuesday at a Holiday Meal and toys for Children event at the Southgate Civic Center.
Southgate Mayor Joseph Kuspa serves food Tuesday at a Holiday Meal and Toys for Children event at the Civic Center. (Photos by Dave Chapman)
Santa Claus and Wayne County Executive Robert Ficano give a toy to Connor Ressler, 4, of Flat Rock at the Southgate Civic Center Tuesday. Ficano was there with other members of his staff and elected officials to give toys to children and food to needy people.
Santa Claus and Wayne County Executive Robert Ficano give toys to children.
Source: http://www.thenewsherald.com/articles/2011/12/24/news/doc4ef4c103ef1d5489610470.txt
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NFL Playoff Scenarios: Lions Will End Playoff Hunt by Beating Chargers
You can call them what you want, but never consider the Detroit Lions as a bunch of procrastinators as they prepare to do away with the San Diego Chargers and subsequently waltz into the playoffs.?
The Lions come in with the weight of not playing in the playoffs since 1999, and will surely have that pressure pointed out to them in the cries and screams from the crowd at Ford Field.?
The Chargers will also have their fair share of tumult to overcome. Many will have you believe that the Chargers are a surging team, a hot squad that is on their way to closing out the season in fine fashion.?
That would be to negate the weeks of torture and dismal results that were sent their way. All that ineptitude will come flooding back the second that the Chargers have to deal with the Detroit Lions' pass rush.?
The Lions have their heads in the right place, and that is off the scoreboards. Lions head coach Jim Schwartz said as much to ESPN.?
We need to beat the San Diego Chargers. We are not playing the out-of-town scoreboard. We are not playing anything other than the Chargers. The team does a good job of getting the focus each week, and that is what we need to go do this week. Everybody knows where we are. Everybody knows what is at stake.
The Chargers have finally welcomed back their quarterback Philip Rivers. While he physically went nowhere, this was definitely a different man mentally.?
The Chargers QB was the polar opposite of the usual poised and collected leader in the start of the season. He has come back to be the star arm we always expect, but the uglier version will return against a stiff defense that runs on killing quarterbacks.?
It's all about which version of the Chargers you think takes the field. The Chargers that lost six straight will be the ones taking on Detroit, and that means the Lions are playoff bound.?
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Saturday, December 24, 2011
Melanie Amaro wins 'The X Factor'
FILE- In this Wednesday, Sept. 14, 2011 file image released by Fox, judges, from left, Nicole Sherzinger, Simon Cowell, Paula Abdul, and L.A. Reid attend "The X Factor" screening at the Arclight Cinerama Dome in Los Angeles. (AP Photo/FOX, Frank Micelotta, FILE)
FILE- In this Wednesday, Sept. 14, 2011 file image released by Fox, judges, from left, Nicole Sherzinger, Simon Cowell, Paula Abdul, and L.A. Reid attend "The X Factor" screening at the Arclight Cinerama Dome in Los Angeles. (AP Photo/FOX, Frank Micelotta, FILE)
FILE- In this Nov. 30, 2011 file photo released by FOX, Josh Krajcik performs on the singing competition series, "The X Factor," in Los Angeles, where contestants sang songs by Michael Jackson for a tribute to the late King of Pop. (AP Photo/FOX, Ray Mickshaw, FILE)
FILE- In this Nov. 30, 2011 file photo released by FOX, Chris Rene performs on the singing competition series, "The X Factor," in Los Angeles, where contestants sang songs by Michael Jackson for a tribute to the late King of Pop. (AP Photo/FOX, Ray Mickshaw, file)
LOS ANGELES (AP) ? Melanie Amaro has "The X Factor."
The powerful 19-year-old vocalist from Sunrise, Fla., won the Fox talent competition Thursday over soulful 30-year-old singer Josh Krajcik of Wooster, Ohio.
Amaro, who was mentored by judge Simon Cowell and was at one point eliminated then reinstated to the contest, was awarded the grand prize: a $5 million recording contract and a starring role in a Pepsi commercial.
"Oh my God. Oh my God. Oh my God," Amaro repeated after host Steve Jones announced her as the champion.
Despite continued prodding from Jones, an overly emotional Amaro couldn't quite formulate words when she was revealed to have captured the most viewer votes, and she struggled through tears to reprise Beyonce's "Listen," the soaring ballad that Amaro crooned at her audition and on Wednesday's final performance round.
"I want to say, 'America, thank you for giving this girl an opportunity,'" said Cowell.
Krajcik, the struggling single father who delivered a stripped down rendition of "At Last" for his final routine, seemed content with his status as "X Factor" runner-up to Amaro, who was born in the British Virgin Islands.
"Melanie deserves it," Krajcik said. "She has a wonderful voice. I had such an incredible experience here. I got to be myself, sing what I want to sing, and I couldn't be happier."
Chris Rene, the recovering 28-year-old singer-rapper from Santa Cruz, Calif., came in third place.
Before the winner was unveiled, the three finalists crooned classic Christmas tunes, and Justin Bieber, Stevie Wonder, Leona Lewis, Pitbull, Ne-Yo and 50 Cent performed various songs with former contestants. Amaro and Krajcik also dueted on David Bowie's "Heroes."
Unlike "American Idol," the contest was open to both solo singers and groups, and had a lower minimum age of 12 and no upper age limit.
The judges also served as mentors. Cowell represented female vocalists, including Amaro; L.A. Reid headed male singers, including Rene; Nicole Scherzinger was in charge of over-30 singers, including Krajcik; and Paula Abdul helmed the groups.
Despite consistent viewership, "The X Factor" has failed to achieve popularity similar to "Idol," which Cowell left last year to import "The X Factor" from the U.K. to the U.S. Fox announced last month that "X Factor" would return for a second season next fall.
___
Fox is owned by News Corp.
___
AP Entertainment Writer Derrik J. Lang can be reached at http://www.twitter.com/derrikjlang.
___
Online:
http://www.thexfactorusa.com
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Facebook Subscriber # > Twitter Follower # ?
Where do you publish first if you have more Facebook subscribers than Twitter followers? ?That's a question more and more journalists are going to be asking themselves. Just 3.5 months after the launch of Facebook's late entry into?asymmetrical following, many individual content producers including?TechCrunch's MG Siegler, The New York Times'?Nick Bilton, and myself have have seen our subscriber counts surpass our follower tally. How? Because Facebook's larger user count makes it easier to amass subscribers.Source: http://feedproxy.google.com/~r/Techcrunch/~3/BoU5c2xfTYs/
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Friday, December 23, 2011
Dow surges 337 on Europe, housing report
The Dow jumped 337 points to close at 12103 as good news from Europe combined with a surprisingly strong report on US housing sent stocks soaring through their best day of the month
?Encouraging signs out of Europe and a surprisingly strong report on the U.S. housing market drove the Dow Jones industrial average up more than 300 points Tuesday. It was the best day for stocks this month.
Skip to next paragraphThe Dow gained 337.32 points, or 2.9 percent to close at 12,103.58. It lost 100 points the day before.
The Standard & Poor's 500 index gained 35.95 points, or 3 percent, to 1,241.30. Only six stocks in the index fell. The Nasdaq composite index rose 80.59, or 3.2 percent, to 2,603.73.
The Spanish government pulled off a successful debt auction and gauges of business and consumer confidence in Germany rose unexpectedly. Both helped ease worries about Europe's debt crisis. The dollar fell against the euro and U.S. government bond prices dropped as traders shifted money out of the safest assets.
Borrowing costs for the Spanish government plunged at an auction of short-term debt, a sign that investors are becoming more confident in the country's ability to pay.
"Spain has plenty of problems, large debts and budget deficits," said Sam Stovall, chief equity strategist at S&P Capital IQ. "So when we see debt auctions go much better than expected it's very encouraging."
Spain's government raised ?5.6 billion ($7.3 billion), much more than its goal of ?4.5 billion. Investors demanded an interest rate of only 1.74 percent to lend to Spain for three months, a steep fall from the 5.1 percent at an auction in November.
Europe's major stock markets also climbed. Germany's DAX soared 3.1 percent. France's CAC-40 jumped 2.7 percent.
The gains in the U.S. market held on Tuesday afternoon even after the U.S. House of Representatives rejected a plan to extend a cut in Social Security taxes. Unemployment benefits for 2 million people are also at risk.
A Federal Reserve proposal for stricter rules on larger banks didn't knock down JPMorgan Chase, Citigroup and other big bank stocks. JPMorgan Chase & Co. gained 4.9 percent. Citigroup added 4.6 percent.
Analysts cautioned that recent big rallies in the stock market have been quick to fade as traders seize the chance to sell stocks and lock in gains. "If you're selling into rallies, it means people want out," said Quincy Krosby, Prudential Financial's market strategist. "They don't believe it's sustainable."
Take the Dow's 490-point jump Nov. 30 after major central banks made a coordinated move to prop up European lenders by freeing up cash. The one-day rally brought the Dow to 12,045, but that gain had evaporated by last week.
The Commerce Department said Tuesday that builders broke ground on 685,000 new homes last month, a 9.3 percent jump from October. That's the highest level since April 2010. Building permits, a gauge of future construction, increased 5.7 percent, spurred by a jump in apartment permits. Stovall said the surge in housing construction was another piece of evidence that the U.S. will avoid slipping into another recession soon. "It's great news," he said.
The report drove housing stocks higher. PulteGroup Inc. jumped 10 percent. D.R. Horton Inc. rose 5.7 percent.
Source: http://rss.csmonitor.com/~r/feeds/csm/~3/3AtjO9wkoZg/Dow-surges-337-on-Europe-housing-report
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Exclusive: Kim heir to share power with N.Korea military (Reuters)
BEIJING (Reuters) ? North Korea's new young leader will have to share power with an uncle and the military after the death of his father Kim Jong-il as the isolated country shifts to collective rule from strongman dictatorship, a source with close ties to Pyongyang and Beijing said.
The source added that the military, which is trying to develop a nuclear arsenal, has pledged allegiance to the untested Kim Jong-un who takes over the family dynasty that has ruled North Korea since it was founded after world War Two.
The source also said Beijing was only notified of Kim's death earlier on Monday, the same day that North Korean state television broadcast the news. Kim died on Saturday.
The source declined to be identified but has correctly predicted events in the past, telling Reuters about the North's first nuclear test in 2006 before it took place.
The situation in North Korea appeared stable after the military gave its backing to Kim's son and successor, Kim Jong-un, the source said.
"It's very unlikely," the source said when asked about the possibility of a military coup. "The military has pledged allegiance to Kim Jong-un."
With no military strongman, North Korea will be ruled by collective leadership, including Kim Jong-un, his uncle and the military, the source said.
Jang Song-thaek, 65, brother-in-law of Kim Jong-il and the younger Kim's uncle, was named in 2009 to the National Defense Commission, the supreme leadership council Kim Jong-il led as head of the military state.
The source also said the North Korea test-fired a missile on Monday to warn the United States not to make any moves against it. Pyongyang also had no immediate plans for further tests barring an escalation of tensions.
"With the missile test, (North) Korea wanted to deliver the message that they have the ability to protect themselves," the source said.
"But (North) Korea is unlikely to conduct a nuclear test in the near future unless provoked" by the United States and South Korea, the source said.
The North's nuclear program has been a nagging source of tensions with the international community. Pyongyang carried out nuclear tests in 2006 and 2009, and has quit six-party talks with South Korea, the United States, China, Japan and Russia on abandoning its nuclear program and returning to the Non-Proliferation Treaty.
China, the North's closest ally and biggest provider of aid,
on Tuesday welcomed the new North Korean leader to visit after his father's death. Chinese President Hu Jintao and Vice-President Xi Jinping also visited the hermit state's embassy in Beijing to express their condolences on Tuesday. Roads leading to the embassy were blocked.
Still the prospect of instability on its northeastern border worries China. North Korea has been pressed by China to denuclearize and is willing to do so on condition that North and South Korea, the United States and China sign an armistice replacing a 1953 ceasefire agreement, the source said.
The two Koreas have been divided for decades and remain technically at war since their 1950 to 1953 conflict ended with an armistice but no peace agreement. The United States backed the South, while China supported the North in that conflict.
Pyongyang also is convinced there are U.S. nuclear weapons in South Korea and demands Washington pull them out, the source said.
Impoverished and squeezed by international sanctions for conducting its nuclear and missile tests, North Korea has increasingly turned to Beijing for help to fill the gap left by the drying up of economic assistance from South Korea and the United States.
(Editing by Brian Rhoads and Jonathan Thatcher)
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Sunday, December 18, 2011
Nigeria protest over toll roads turns violent (AP)
LAGOS, Nigeria ? Witnesses say police in Nigeria have shot rifles and fired tear gas at protesters who were demonstrating against toll roads.
At least one person was shot at Saturday's protest, and police also beat and arrested an Associated Press photographer who was covering the event.
One police officer held the photographer down while others hit him with batons. His camera equipment was taken before he was thrown into the back of a police truck. More than a dozen other people also were arrested.
The photographer was released several hours later without charge, and was treated for blunt-force trauma injuries to his neck, shoulder and knee.
The protest focused on anger over the state government allowing a private company that built a major road in Lagos to collect tolls there.
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Which way will gold swing?
Despite recent downswings, gold is projected to reach $3400 in the next few years. And outside economic factors should help it climb even higher
Have yourself a merry little depression.
Skip to next paragraph Bill BonnerBill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind The Daily Reckoning (dailyreckoning.com).
Recent posts
Dow up 45 points. Gold down $9.
We?re still waiting for a major correction in the gold market. Each time one begins, it seems to run out of steam before doing any real damage. At yesterday?s closing price, $1,577, gold is still solidly ahead for the year.
So, where?s the soft spot? Where?s the test? Where will it come from? When?
Don?t worry, dear reader, Mr. Market will test us. He?ll throw his curve ball. We have to be ready.
What if?
?instead of testing us on the downside, he tests us on the upside? This is not a prediction. Just a thought. What if gold suddenly shot up?and looked like it was going to the moon. What would we do?
Citigroup?s metals expert puts a $3,400 price on gold ?in the next year or two.?
Jim Rogers makes a similar forecast.
What if they?re right? We only mention it because The Trickster has more than one trick up his sleeve. And he?s perfectly capable of running the price up to $3,500 BEFORE testing us.
We could get giddy, watching the price of gold hit record after record. And then, just when we think it is ready to scale its final peak, gold could turn tail and run for the valley. We wouldn?t believe it. We would hold on. We would wait for it to go back up.
And then?wouldn?t we feel stupid, if we?d taken that ride all the way to over $3,000?and then rode it all the way back to today?s level? Wouldn?t we be put out with ourselves, if we sold out then?thinking gold had put in its final top and we missed it?
According to the 50% principle?it could hit $3,000?collapse to barely $1,500?and then soar again?possibly going to $5,000?or even $10,000. That?s what we?ll get in the final ?crack up? boom that is coming.
Who knows?
But what we see is more upside than downside for gold. Because the motor pulling gold up still has a lot of gas in the tank.
In the US the feds spend $1.60 for every dollar they raise in taxes. In Europe, the euro-feds prepare to bail out their banks and sovereign debtors.
And guess how much the feds have already spent? They were so desperate to avoid a debt crisis?or a depression?that they threw the throttle wide open on the biggest rescue effort the world has ever seen. Bloomberg calculated that $7.7 trillion were put to work. Our estimate was higher ? about $10 trillion, we guessed.
Well?we were both way off. Here?s the news report:
As part of the Ford Foundation project ?A Research and Policy Dialogue Project on Improving Governance of the Government Safety Net in Financial Crisis,? Nicola Matthews and James Felkerson have undertaken an examination of the data on the Fed?s bailout of the financial system ? the most comprehensive investigation of the raw data to date.
The extraordinary scope and magnitude of the recent financial crisis of 2007-09 required an extraordinary response by the Fed in the fulfillment of its lender-of-last-resort function.
The bottom line: a Federal Reserve bailout commitment in excess of $29 trillion.
Whoa! The feds put at risk an amount equal to 200% of US GDP. And for what? So that a depression wouldn?t knock 5% off GDP? Even the Great Depression of the ?30s only set the US back by 30% of GDP. A similar setback today would cost the economy less than $5 trillion.
Do you see what we see? Even if it worked ? which it didn?t ? the feds? efforts would have been a disaster. Who would spend $29 trillion to save $5 trillion?
But wait. There?s more. This assumes that a depression is unnecessary?or that it doesn?t do any good. We know that?s not true. A depression does a lot of good. It wipes out bad investments and eliminates bad speculators. It forces capital into more productive, more profitable uses. It kills off zombie industries. It retires worn-out industries?and reduces costs so that new industries can arise. It?s the ?destruction? that Schumpeter?s ?creative destruction? needs.
The more we think about it, the more we?re beginning to like depressions. After scammy bailouts and bogus recoveries, a depression would be something to look forward to.
Bill Bonner
?for The Daily Reckoning
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on dailyreckoning.com.
Source: http://rss.csmonitor.com/~r/feeds/csm/~3/cf1u4-3lqFY/Which-way-will-gold-swing
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Saturday, December 17, 2011
4 Advantages Of Mutual Fund Investing - thedojo-dla.com
Dec 15, 2011 Uncategorized
Posted by
sam
4 Features of Mutual Fund Investing
Mutual cash have grown in popularity throughout the last few years to the point where it?s harder to locate an investor that is not utilizing mutual money than one who is. The popularity of mutual money is no shock when you consider they are one of the least difficult investments to use and require very little familiarity with the markets. There are Four main benefits that mutual funds provide every buyer, as you will discover in this article.
The very first advantage of shared fund investing it in which mutual money offer specialist management of ignore the dollars. Mutual funds are work by fund managers, who?re essentially watching over your investment daily. There is certainly almost no other place where you get that kind of investment management without paying massive management costs.
The second advantage of mutual account investing is that mutual funds are extremely fluid. Any investor can sell his shares in a mutual fund any day the stock market is open. Compare that in order to investing in real estate, CDs and even stocks who have low investing volume which could takes months to months to liquidate your risk. The assets of common funds provides any investor the ability to get out of the investment swiftly if needed.
The next advantage of shared funds is the diversification that they offer. Common funds invest in tens as well as hundreds of different stocks, provides or funds markets. Attempting to duplicate this kind of diversification in your portfolio would certainly result in quite high trading fees, not to mention massive headaches through tying to watch hundreds of share positions. This leads us into the 4th advantage of shared funds, lower fees.
Mutual money have very low fees because of their ability to benefit from economies of scale. Given that mutual funds are pooling the investment dollars associated with so many traders they can acquire stocks in larger quantities which leads to reduce fees with regard to mutual cash investors. Several mutual money have charges that are under 2 or even 3%.
Mutual funds are developing at a feverish speed as more and more traders put their profit them. Yet considering the advantages that shared funds offer the average buyer all the way as much as guy with the multimillion dollar collection, it?s really not surprising.
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Source: http://www.thedojo-dla.com/archives/2574
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Roche melanoma drug wins European green light (Reuters)
LONDON (Reuters) ? European regulators have recommended approval of a targeted melanoma drug from Swiss group Roche Holding AG, opening the way to a new treatment option for patients with the deadliest form of skin cancer.
The green light for Zelboraf from the European Medicines Agency -- which Roche said on Friday it expected to be formally endorsed by the European Commission in February -- follows U.S. approval in August.
The new drug is given as a twice-daily pill and is designed to be used alongside a companion diagnostic test, also from Roche, that identifies which patients have a specific genetic mutation that means they will benefit from the treatment.
The London-based agency said the benefits of Zelboraf, particularly the improvements seen in terms of patients going longer before their disease progressed and overall survival, outweighed its potential risks.
Side effects from Zelboraf can include secondary growths, rash, slight hair loss, extreme photosensitivity and joint pain.
Zelboraf was developed in partnership with Daiichi Sankyo and became the second drug to be approved for melanoma in the United States this year, after Yervoy from Bristol-Myers Squibb.
Roche said in August that Zelboraf would cost just over $56,000 for a six-month course of treatment in the United States. It has yet to announce a price in Europe.
Analysts tracked by Thomson Reuters Pharma, on average, forecast annual sales of $930 million for the medicine by 2016, making it a useful addition to Roche's market-leading portfolio of cancer therapies.
Zelboraf, known clinically as vemurafenib, is targeted for patients with tumors that have a mutation in a gene known as BRAF that allows melanoma cells to grow. About half of all melanomas have the genetic aberration the drug targets.
The European drugs watchdog said it backed Zelboraf for treating patients with the BRAF mutation who suffered from metastatic or unresectable melanoma, meaning it cannot be removed by surgery.
Melanoma globally afflicts nearly 160,000 new people each year. It can spread quickly to internal organs and average survival is six to nine months.
(Reporting by Ben Hirschler)
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In Touch Exclusive: Teen Mom Leah Messer?s New Boyfriend Helps Spoil Her Twins!
Even though Leah Messer has only been dating boyfriend Jeremy Calvert since August, an insider reveals the Teen Mom believes that she?s finally found her ?happily ever after.? ?The main thing is that Jeremy is so great with the twins,? the insider tells In Touch, who adds that the pipelayer is much closer to Leah?s daughters, Aleeah and Aliannah, than their biological dad, Corey Simms, is. ?When Jeremy comes home from work, everything he does is with Leah and the girls.?
With Corey less involved in the twins? day-to-day lives, Leah?s new boyfriend is already stepping into the father-figure role. ?Corey and Leah are not on good terms,? the insider says. Since Corey wasn?t invited to the girls? 2nd birthday party on December 10, Jeremy built Megaland play huts for Aliannah and Aleeah. ?He wanted to get them something special, just from him,? the insider adds. ?He wants to be there for them and to support Leah.? The girls also received lots of pink presents, including a Barbie Jeep.
For more on Teen Mom, including additional exclusive pictures, pick up the new issue of In Touch, on newsstands now.
Source: http://feedproxy.google.com/~r/InTouchWeekly/~3/Gn4cw3a1rJI/in_touch_exclusive_teen_mom_le.php
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Friday, December 16, 2011
Handsome Actor Ryan Gosling Taking Ballet Lessons!
Handsome Actor Ryan Gosling Taking Ballet Lessons!
Ryan Gosling is taking ballet classes…and it’s not for a movie role! The actor has reportedly enrolled in ballet lessons just for his own enjoyment. [...]
Handsome Actor Ryan Gosling Taking Ballet Lessons! Stupid Celebrities Gossip Stupid Celebrities Gossip News
Source: http://feedproxy.google.com/~r/stupidcelebrities/~3/OXN17NLUDfo/
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Chinese villagers under siege mourn man who died (AP)
BEIJING ? A man from a southern Chinese fishing village whose death in police custody helped spark a rare revolt was given a hero's farewell Friday as thousands of tearful residents mourned what they called his sacrifice for them.
Wukan, a village of 20,000, has for months been the site of simmering protests by locals who say officials sold farmland to developers without their consent.
Protests against official misconduct are increasingly common in fast-developing China, but Wukan residents have taken things a step further, erecting barricades over the weekend to keep police out and posing a challenge to the authoritarian government. On a near-daily basis, thousands of villagers gather for rallies, shouting slogans for the return of their land and pumping their fists in the air.
The gathering took on a more somber note Friday as about 7,000 people attended a memorial ceremony for local butcher Xue Jinbo, who before his death had been one of the village's representatives in tense negotiations with officials over the land seizure.
Banners saying "You sacrificed your life for our land" and "Sadly mourn Xue Jinbo" were displayed at the ceremony, said villager Qin Zhuan, who was reached by phone.
Qin said they made speeches and lined up to bow in front of a large photograph of Xue, who died Sunday, not long after he was detained by police on suspicion of participating in riots in September.
Expressing commonly held suspicions over Xue's death, another villager said he appeared to have been abused in custody.
"He is man with a loving heart for people. He was killed for struggling to win the land for the villagers. We all cried for him," said villager Huang Hancan. "He must have suffered from mistreatment for a good healthy man to turn into a dead man just a day after being detained. No doubt, he was beaten to death and everyone can imagine that."
In an interview this week with Hong Kong online magazine iSun Affairs, Xue Jinbo's daughter said his body showed signs of bruising and swelling on his mouth, hands, neck and elsewhere, as well as open wounds on his forehead and jaw.
"When we looked at his back, there were also many bruises that look like he had been kicked or stamped on," she said in a video posted on the magazine's website.
Calls to the offices of the Communist Party propaganda department and the government of Shanwei city, which oversees Wukan, rang unanswered Friday. Chinese media reported that local authorities said Xue died of cardiac failure.
Problems in Wukan erupted in violence in September, when hundreds of villagers smashed buildings and clashed with police in protest against the sale of their farmland without their consent. Villagers since have submitted petitions and sought meetings with higher officials without success.
Last Friday, police took away several village representatives and when police tried to return the next day, residents blockaded the roads with tree trunks and barriers to stop them. Residents say police fired tear gas and water cannons at the villagers, who armed themselves with sticks, clubs, hoes and other farming tools.
Police then retreated and set up blockades on the main roads into Wukan, preventing villagers from entering and leaving and food from being brought in, villagers reached by phone said.
Huang said the residents would not give up. "We want justice from the government and we will fight to the end," he said, adding that the villagers also wanted the truth about Xue's death.
On Wednesday, the mayor of Shanwei city threatened to take strong measures against the leaders of the rebellion. He also promised to investigate local officials for wrongdoing and impose a temporary freeze on one farmland development project until a majority of villagers are satisfied with the conditions of the land transfer.
But signs of a split in the community were starting to emerge. Government supporters were offering food in exchange for villagers' signatures, said Qin, the woman who attended the funeral.
"Most of them are former village officials and their relatives who have an interest in the land sales," Qin said. "They offered us rice and cooking oil on condition that we must sign an empty white paper. We suspected that our signatures would be used for other purposes, so we refused to sign."
With a booming economy, demand for land to build factories and housing complexes in China has soared. Land disputes have grown apace, becoming one of the leading causes of the tens of thousands of large-scale protests that hit China every year.
Around Wukan village and in much of the rest of Guangdong province, conflicts have been intense because the area is among China's most economically developed, pushing up land prices.
___
Follow Gillian Wong on Twitter at http://twitter.com/gillianwong
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Why naked mole rats feel no pain from acid
As mammals go, naked mole rats are one of the strangest. They are exceptionally long-lived and never get cancer, making them very useful for medical research
In most animals, exposure to acid stimulates special channels at the tips of sensory neurons called nociceptors. Ewan Smith and colleagues at the Max-Delbr?ck Center for Molecular Medicine in Berlin, Germany, suspected that these channels behave differently in mole rats.
They were wrong. In both naked mole rats and mice, acid activated the channels. "We found the responses to be largely similar," says Smith.
Stop the pain signal
So the team turned to a different type of sodium channel, called NaV1.7. Also found in nociceptors, these channels can become blocked when exposed to acid, dampening the pain signal.
The researchers doused nociceptors from naked mole rats and mice in acid, and found the strength of the pain signal passing through the NaV1.7 channels dropped by 42 per cent in mice, but by 63 per cent in the mole rats.
Smith says there is a balance between the acid-sensing channels that transmit the signal and the NaV1.7 channels that block it. In mice, the balance tips in favour of the acid signal making it to the brain ? but in naked mole rats the balance tips the other way and the pain signal dissipates. "The acid block of NaV1.7 is so strong that the simultaneous activation of acid sensors is irrelevant and no signal is conducted," says Smith.
The team sequenced the gene that codes for the NaV1.7 channel in mole rats, and compared it with SCN9A ? a key gene in the human version of the channel. Humans with mutations to this gene are completely insensitive to pain.
The main difference between the two genes was in a triplet of amino acids that plays a role in determining exactly what acid concentration opens or closes the channel. Smith inserted the mole rat amino acid triplet into the human SCN9A gene, and poured acid over the resulting mutant channel. "Introducing this small sequence resulted in a significantly stronger inhibition of the sodium channel," says Smith.
Arthritis acid
That suggests that this sodium channel could be a target for the development of drugs to prevent the pain caused by acid build-up ? which happens in arthritis and other inflammatory disorders.
Mark Connor at Macquarie University in Sydney, Australia, who was not involved in the study, agrees. "You could potentially develop a drug to bind to that site and reduce its activity to make people less sensitive to pain."
Connor says it's unlikely this is the only painkilling trick up the mole rat's sleeve. They are also insensitive to pain from capsaicin, the essence of chilli pepper. "But capsaicin doesn't affect these sodium channels," he says. He thinks mole rats' nerves may be wired differently to other animals, somehow stifling the pain message.
Journal reference: Science, DOI 10.1126/science.1213760
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Video: Midday Stock Pops & Drops
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Source: http://video.msnbc.msn.com/cnbc/45656524/
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Thursday, December 15, 2011
The Fate of the U.N. Forest REDD Program is Still Undecided (ContributorNetwork)
COMMENTARY | After more than two weeks of discussions and arguments at the United Nations climate talks, the delegates have left the meetings with proud announcements of accomplishing important climate pacts. Unfortunately, the fate of the Reduced Emissions from Deforestation and Degradation program remains undecided. It is a proposal that has the potential to produce real results but has not been fully actualized.
The REDD program had been largely ignored at the Conference of the Parties in Durban, South Africa. Although it was officially organized in 2008, the recent climate talks in Durban failed to make any new progress in this area. This is another example of the general failure of COP17 to accomplish anything important in Durban.
The main issue of funding for the REDD program remains unresolved. As early as 2006, the United Nations was considering private-sector investments for the forestry programs. Unfortunately, the REDD program was a side event in Durban and never received the proper amount of attention that it deserved.
Reuters reported Sunday that the United Nations continues to consider the private sector as a source of funding for REDD. But the details remain vague without a clear plan of action. The climate talks were the perfect opportunity to address the deforestation issues, but they failed to accomplish this by delaying important decisions for another year. Following a pattern of previous climate talks that produced little, the COP17 actually made the REDD program worse by changing the language of the agreements.
Although the REDD program has the potential for limiting deforestation across the globe, it must be handled carefully because of the potential for abuse. The foundation of the program is to allow wealthy nations to pay developing nations a fee, so forests would be preserved.
Essentially, the United Nations wants private sector investments in struggling countries to preserve the ecosystems. However, the creation of this green economy must be regulated to prevent abuse of power and other issues. Funds could be easily mishandled while deforestation would continue.
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