Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/155688906?client_source=feed&format=rss
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Monday, October 31, 2011
Sunday, October 30, 2011
Hybrid Air Vehicles Make Gains On Traditional Airplanes
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Hybrid Air Vehicles Make Gains On Traditional AirplanesSeventy-four years after the zeppelin, another gas giant arises.Hybrid Air Vehicles' new aircraft is not technically a blimp. Nor is it a zeppelin, a craft that saw its end with the Hindenburg explosion in 1937 (and a rebirth, of sorts, in the proto-heavy-metal band's name).
Source: FastCompany
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Friday, Oct 28, 2011, 7:28am
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Source: http://www.labspaces.net/114738/Hybrid_Air_Vehicles_Make_Gains_On_Traditional_Airplanes
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Saturday, October 29, 2011
Obama lost many donors from '08 presidential race (AP)
WASHINGTON ? President Barack Obama has lost millions of dollars in support from former donors in Democratic strongholds and in districts that he won narrowly four years ago, according to an Associated Press analysis of the most recent federal campaign finance data.
Tens of thousands of supporters who gave him hundreds of dollars or more in the early stages of the 2008 campaign haven't offered him similar amounts of cash so far in this campaign. And in some cases, former Obama contributors gave to GOP candidates, such as former Massachusetts Gov. Mitt Romney.
Obama's re-election effort is hardly hurting for cash: His campaign and the Democratic Party raised more than $70 million for Obama's re-election in the July-September period, outstripping all Republicans combined by tens of millions of dollars.
But the AP's analysis indicates that Obama, beleaguered by a struggling economy, has lost early support from some of his larger financial supporters and will have to work harder to win back party stalwarts and swing voters alike. Obama's approval ratings have slumped to 41 percent in a recent Gallup poll, as steadfast supporters have found themselves less able or less willing to open their wallets again.
"He was our state senator, and when I looked at the Republican side, I thought, `We need some fresh blood in the campaign,'" said Janet Tavakoli, 58, a financial analyst from Chicago who gave $1,000 to the president in 2008. "But I was dead wrong about it," she said, and isn't supporting any candidate this time.
Obama faced then-Sen. Hillary Rodham Clinton for the Democratic nomination in 2008. This time he is running unchallenged and has no primaries or caucuses looming, as the Republican candidates do, so potential Obama donors may not be feeling any sense of urgency. But typically early donors tend to give again, as money is a sign of enthusiasm ? something Obama had in spades four years ago.
For its analysis, the AP compared the names and addresses of Obama contributors who gave between $200 and $2,500 from April to September 2007 with those who gave amounts in the same range during the same period this year. The AP adjusted its analysis to compensate for contributors who might have moved and listed a new address, or whose name or address was listed slightly differently last time.
The Obama campaign said most of its contributors gave small donations this year; it is not required under federal law to provide names of donors who gave less than $200. About 40 percent of total fundraising came from amounts greater than $200 this year, not adjusting for inflation, compared with more than 75 percent during the same period in 2007.
Obama's missing contributors live across the country, mostly concentrated in the Northeast and the West Coast. Obama also missed support from early donors in parts of Texas, Illinois and Michigan ? areas he narrowly won in 2008. But he also picked up some new sources of cash in those places.
"I have little discretionary money, and I just have to take care of myself," said Roger Hodges, 45, an urban designer in Richmond, Calif. Hodges gave Obama $250 four years ago but doesn't plan on donating in this election. Hodges said friends in the liberal-leaning San Francisco Bay Area have become disappointed in Obama.
Romney, a leading GOP contender, has closed in financially in areas of the country that gave a solid stream of checks to Obama in the 2008 campaign, including Southern California, Florida and New England. Records show a handful of Obama contributors from 2008 donated to Romney this time; few, if any, appeared to give to Texas Gov. Rick Perry, another front-runner.
Lynda Marren, 48, of Hillsdale, Calif., usually supports Republican politicians, but she paid $500 to hear Obama speak four years ago.
"I wasn't persuaded then, and still am not," she said, and gave $1,000 to Romney this past June.
Many Obama supporters said they will vote for his re-election even if they don't write big checks. About 4 out of 5 of those who voted for the president in 2008 say they are likely to do so again, according to a new NBC News/Wall Street Journal poll.
But Obama's contributions this recent fundraising quarter ? absent support from the Democratic National Committee ? are less than the combined cash given to all GOP candidates, hinting at an influx of money to whomever Republicans chose as their nominee. Observers have said this election likely will cost more than $1 billion.
The Obama campaign, for its part, said more than a million people have given to the president's 2012 re-election efforts, a mix of hundreds of thousands of new and returning donors that spokesman Ben LaBolt said points to "evidence of a growing organization." All told, Obama received donations from a wide swath of the United States from the Plains, the Midwest and parts of the South since April, the AP's analysis found.
Among those donors was Laurel Cappa of Washington, who gave $300 to the president four years ago and opened her wallet again this year.
"It was a birthday gift to myself," she said, having turned 70 this year, "and I expect to be giving more."
The campaign reports offer a complicated financial picture for Obama this election cycle. Recent reports show a mixed level of financial support from Wall Street, and an AP analysis earlier this month found Obama garnered continued donations from the nation's most economically hard-hit areas.
The campaign figures, however, didn't capture money raised by new, outside groups known as super political action committees, which can collect unlimited amounts of cash to influence elections. Obama and leading GOP candidates all have super PACs working in their favor, not counting groups like the GOP-leaning American Crossroads that have raised hundreds of millions ahead of the general election.
___
Follow Jack Gillum at http://twitter.com/jackgillum
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Business New Europe: WTO accession - a Christmas present for ...
Ben Aris, editor - in - chief of Business New Europe, says there are no absticles remaning for Russia to join WTO
(49.7Mb) embed videoAs all eyes are on Russia to see how it responds to Georgia?s latest move regarding WTO accession, Business RT discusses the issue with Ben Aris, editor - in - chief of Business New Europe.
Source: http://rt.com/business/news/russia-joins-wto-2011-915/
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Friday, October 28, 2011
The Texas Tribune: Windmillers? Tradition Hangs on in Texas Panhandle
[unable to retrieve full-text content]Windmilling is difficult and dangerous work, and the business is facing competition from solar pumps, but old-timers in the Texas Panhandle don?t see the occupation fading away just yet.
Source: http://feeds.nytimes.com/click.phdo?i=b25ce848ec07de4e4a27f915e32a5d9a
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Thursday, October 27, 2011
Yukon River Dumping More Mercury Thanks to Climate Change
[unable to retrieve full-text content]
The Yukon River is delivering upwards of five tons of mercury a year to the Arctic environment, likely in response to a warming climate, scientists from the U.S. Geological Survey announced Tuesday.
The river is pumping three to 32 times more mercury into the environment than similarly sized river basins, based on limited data. And while scientists don't know the reason for the Yukon's big mercury load, they say evidence points strongly to two suspects: Melting permafrost, and the Yukon basin's unique placement as a catchment for pollution from Asia and Europe.
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Source: http://rss.sciam.com/click.phdo?i=0fca6061d902f7825d49541f8a1e7dff
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Wednesday, October 26, 2011
Think tank retracts study on marijuana clinics
SANTA MONICA, California?? A nonprofit think tank on Monday retracted a widely reported study that linked last year's closing of hundreds of medical marijuana dispensaries in Los Angeles to a rise in crime rates in surrounding neighborhoods.
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Santa Monica-based Rand Corp. said in a statement that questions raised after the study was released last month prompted an unusual internal review.
Researchers relied on a commercial crime mapping service, believing it included information from various jurisdictions, including the Los Angeles Police Department. However, that agency did not give data to the service.
"That review determined the crime data used in the analysis are insufficient to answer the questions targeted by the study," the statement said.
The study looked at crime reports for neighborhoods surrounding 600 dispensaries in the 10 days before and 10 days after Los Angeles officials shuttered the pot clinics last summer after a new ordinance went into effect. The analysis showed crime increased about 60 percent within three blocks of a closed dispensary compared with those that remained open.
The report found that the further away from the clinics the less crime there was.
The Los Angeles city attorney's office called the study deeply flawed and demanded the retraction. Rand pulled the study from its website earlier this month.
"The city attorney's office believes that retracting the study was the right thing for Rand to do and we are pleased they were receptive to our concerns regarding the study's flaws," said city attorney spokesman Frank Mateljan. "The public interest and public safety is always better served when we use accurate and credible information."
Rand researchers plan to conduct a new analysis when they have adequate data.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Source: http://www.msnbc.msn.com/id/45023116/ns/health-health_care/
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In fire, Winslet saved lives but discarded bra
In a disaster, it's important to make sure your assets are in order.
And that's exactly what Kate Winslet did right before she escaped a fire that ravaged 61-year-old British billionaire Sir Richard Branson's private home on Necker Island in August.
PHOTOS: Kate Winslet's stunning style moments
"We woke up at 4:30 in the morning to yelling that there was a fire," the Oscar winner recapped on "The Graham Norton Show," which airs October 29. "I jumped up and ran immediately towards the fire but then realized we might die ... then thought 'Now what do I do?' so I ran into the bedroom and put on a bra!"
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'Jurassic Park' has one of scariest scenes ever
As trilogy hits Blu-ray, we remember five great moments from the 1993 dinosaur classic. Alas, poor Nedry and random lawyer guy on the toilet, it wasn't that nice knowing you.
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'Jurassic Park' has one of scariest scenes ever
"In disastrous moments like that, you do the strangest things. I started to put on a bra and thought, 'No, that's going to take me too long,' so off came the bra, on came the T-shirt, then I grabbed the children and I picked up granny," Winslet said, referring to Branson's 90-year-old mother, Eve.
PHOTOS: Best-dressed British celebrities
But even months after the unfortunate event, the actress remains humble about her life-saving actions.
Story: Branson: Winslet saved my mom from fire"No I didn't save her life. I carried her down the stairs is the truth of it," the 35-year-old "Contagion" star told the UK TV host. "I have to say Eve Branson is an extraordinary stoic, powerful lady and she could have totally made it out on her own, I just helped that tiny little bit."
PHOTOS: Stars who care
Winslet was one of 20 people staying at the Virgin Group CEO's home in the British Virgin Islands. She was vacationing with her two kids (Mia, 10, and Joe, 7) and her then boyfriend Louis Dowler. She's now dating Branson's nephew, Ned Rocknroll.
Copyright 2011 Us Weekly
Source: http://today.msnbc.msn.com/id/45013814/ns/today-entertainment/
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Tuesday, October 25, 2011
Matt Forte leads Bears to 24-18 win over Bucs (AP)
WEMBLEY, England ? On both sides of the Atlantic, Matt Forte is carrying the offense for the Chicago Bears.
Forte ran for 145 yards and a touchdown and the Bears held on to beat the Tampa Bay Buccaneers 24-18 on Sunday in the fifth annual NFL regular season game at Wembley Stadium.
Jay Cutler threw for 226 yards and a touchdown and the Bears (4-3) intercepted Josh Freeman four times for their second win in a row. The Buccaneers (4-3) lost for the second time in three years in London.
Freeman threw two TD passes in the fourth quarter to pull the Bucs within three points with just over 7 minutes left. But, after a 25-yard field goal by Chicago's Robbie Gould, Freeman was picked off for the fourth time with 37 seconds left by D.J. Moore to end the threat.
Tampa Bay's loss completed a miserable day for the Glazer family, owners of the Bucs and Manchester United. Earlier, the Glazers were on hand at Old Trafford as the English Premier League champions were thrashed 6-1 by crosstown rival Manchester City. The Glazers came straight down to London for the NFL game and ended up 0-2 for the day. The Bucs lost to New England, 35-7, in London two years ago.
Attendance was 76,981, short of a sellout in the 82,000-capacity Wembley. It's the first time since the NFL began playing regular season games here five years ago that tickets haven't sold out. Organizers blamed the NFL lockout, which meant the game wasn't officially confirmed and tickets put on sale until a few months ago ? rather than at the beginning of the year as in the past.
Still, the game provided plenty of action, as well as plenty of turnovers, penalties and some unusual moments ? including when a male fan ran onto the field, ripped off his shirt and high-fived players before being tackled by security guards.
Forte, who came to London with a league-leading 908 yards running and receiving, went over the 1,000 yard mark after seven games.
He was already over 100 yards for the game with 8:39 left in the first half. He broke through the right side of the Bucs defense and cut back across the field for a weaving 32-yard TD run that put the Bears ahead in the first quarter. He also had a 22-yard run on the same drive.
Forte also ended up in his own end zone a few minutes later, tackled for a safety by Ronde Barber. That capped a quirky sequence of back-to back interceptions. First, Tanard Jackson picked off a ball that went through Marion Barber's hands and returned it 42 yards to the Chicago 21. On the next play, Freeman hit Mike Williams over the middle at the goal line, but Chicago safety Chris Conte wrestled the ball out of his arms for a takeaway.
Freeman finished 29 of 51 for 264 yards and two touchdowns. Cutler was 17 of 32 for 226 yards and two interceptions.
The Bucs had to rely on the pass after losing running back Earnest Graham in the first quarter to a right ankle injury. He was starting for the second straight week in place of LeGarrette Blount, who was out with a knee injury.
Cutler found Roy Williams for a 25-yard touchdown pass with 7:49 to go in the half to put the Bears up 14-2. The score was set up by a 29-yard run by Marion Barber on third and 1.
Freeman and the Bucs offense looked out of synch for most of the first half. One Tampa possession early in the second quarter included four penalties in a row and five in all ? three against the Bucs and two against the Bears.
The Bucs didn't pick up a first down until just over three minutes left in first quarter and had five first downs in the half. Freeman finally got the offense moving late in the first half, leading a 77-yard-drive on 10 plays with a mix of short and medium-range throws, but the Bucs had to settle for a 33-yard field goal by Connor Barth as time expired.
After an interception by Corey Lynch, Freeman hit Kellen Winslow for a 2-yard TD with 12:18 left in the game to pull within 21-11. The Bucs went for a 2-point conversion but Freeman's quick slant to Mario Williams fell incomplete.
After the Bears went three-and-out, Freeman led the Bucs on a 53-yard scoring drive, capped by a 24-yard throw to Dezmon Briscoe with 7:17 to play to close to 21-18.
But the Bears drove 64 yards in 12 plays, with Gould's field goal with 1:55 left putting the Bears back up by six.
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Monday, October 24, 2011
Romney formally becomes candidate in NH (AP)
CONCORD, N.H. ? Mitt Romney has made it official in New Hampshire. He's a candidate in the state's Republican presidential primary.
The former Massachusetts governor formally submitted paperwork to the state's top election official Monday morning. Romney, who made an unsuccessful bid for the GOP nomination in 2008, joked that he hopes "it sticks this time."
He becomes the latest Republican candidate to submit his paperwork to the New Hampshire secretary of state. .
Former Gov. John H. Sununu was at Romney's side. Sununu, the former chief of staff to President George H.W. Bush, endorsed Romney over the weekend.
The New Hampshire presidential primary is expected to be held Jan. 10 ? just 11 weeks away.
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'Survivor' favorite to run for Indiana governor
INDIANAPOLIS?? Rupert Boneham won over TV viewers during 2004's "Survivor: All-Stars" ? earning a nifty $1 million as the overwhelming choice for fan favorite on the reality show. Now the bushy-bearded Boneham is hoping Indiana voters will find him just as charming.
Boneham, 47, announced Saturday that he's seeking the Libertarian Party nomination for Indiana governor, saying he wants to take on the state's political establishment because he feels voters deserve better.
At a news conference in Indianapolis, Boneham said he's the best candidate to replace Republican Gov. Mitch Daniels, who has reached his term limit and can't run next year, because he's "not beholden to any special interests."
In prepared statements circulated later by his campaign, Boneham said he wants to run as the Libertarian candidate because he thinks Indiana voters deserve an alternative to "the dysfunctional state of our current government."
"I have only one interest: Empowering Hoosiers to give back to their communities. If the government puts up roadblocks, then they should be repealed," Boneham said.
"Hoosiers have consistently voted in professional politicians and look at the results. Hoosiers should have a different choice in 2012," he said in the news release.
Boneham, who's known for wearing tie-dyed shirts, won $1 million when he was voted fan favorite in 2004's "Survivor: All-Stars." He donated a portion of his winnings to his Indianapolis-based charity, Rupert's Kids, which provides mentoring and job-training to at-risk youths.
Boneham formed an exploratory committee in August for a possible gubernatorial bid and said he wanted to gauge public support to see if people are ready to elect him.
Among the candidates who are seeking to replace Daniels, Republican U.S. Rep. Mike Pence and former Democratic Indiana House Speaker John Gregg are the early favorites.
Sam Goldstein, the state chair of the Libertarian Party of Indiana, said he's "very excited" about Boneham's announcement.
"His nomination would be a great asset to the party and I look forward to working with him and his campaign team should he win the nomination at our convention next spring," Goldstein said in a statement.
The party, which will hold its convention April 14, said Boneham has been a supporter and a member of the Libertarian Party for nearly a year.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Source: http://today.msnbc.msn.com/id/45000462/ns/politics/
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Sunday, October 23, 2011
Facebook by the Numbers [INFOGRAPHIC] (Mashable)
The Social Media Infographics Series is supported by Vocus' Social Media Strategy Tool, a free, six-step online tool that lets you build a custom social media framework tailored to your organization?s goals. You likely know that Facebook is the world's largest social network with more than 800 million users, but did you know that more than 250 million photos are uploaded every single day? Or that the average American spends seven hours and 46 minutes browsing her friends' profiles per month?
[More from Mashable: 3 FTC Cases That Could Affect Your Mobile App]
Facebook has become an integral part of our lives -- some people more than others. It's where we learn what our friends are doing, who they're dating and even what they're listening to.
We wanted to dive deeper into the Facebook phenomenon, so we collected some stats about the social network and put them together in one infographic. Check out what makes Facebook tick (and what celebrity is the king of Facebook with 47+ million fans) below.
[More from Mashable: NATO Commander Announces End to Libyan War ? On Facebook]
Infographic designed by Emily Caufield.
This series is supported by Vocus' Social Media Strategy Tool, a free online tool which lets you build your own custom social media framework in six easy steps. It helps you determine your organization?s goals, explore the latest MarketingSherpa research data, and create your own workbook packed with the strategies, tactics and resources you need. Try it today!
This story originally published on Mashable here.
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Saturday, October 22, 2011
Video: Celebrations in Libya after Gadhafi dies
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Source: http://www.msnbc.msn.com/id/21134540/vp/44987576#44987576
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?Our martyrs' blood did not run in vain?
Adrienne Mong / NBC News
Women and children line the street of Misrata to cheer the death of Col. Moammar Gadhafi on Thursday.
By Adrienne Mong, NBC News Correspondent
ON THE ROAD TO SIRTE, Libya ? It started with confusion. There were rumors on Twitter and then reports by foreign media that Sirte, Col. Moammar Gadhafi?s hometown, had fallen.
A military commander from the Misrata brigade told us "there were still houses to clear," not quite confirming or denying the news.?
When we called the National Transitional Committee's press office, a man said, "Sirte is finished." We asked him how he knew. His reply was, "It was on TV."
En route to Sirte, we began hearing from militiamen at checkpoints that Gadhafi had been captured and was being brought back to Misrata, home to one of the strongest militias that rose up against his 42-year rule.
With no cell signal and amidst general chaos, we couldn't verify anything on the ground.? The only thing that was clear was the gathering force of exultation that was evident even on this lonely stretch of road in the North African desert.
?Not in vain!?
We decided to set up for a live shot beside the highway instead of continuing onto Sirte.
Adrienne Mong / NBC News
Rebel forces cheer on the road from Sirte to Misrata after hearing the news of Col. Moammar Gadhafi's death on Thursday.
Vehicles painted in the colors of the new Libyan flag began gathering around a checkpoint and bridge behind us. Rebel forces driving back west towards Misrata shouted in jubilation. Men fired their guns into the air. Others shouted, ?Our martyrs' blood did not run in vain!"
We began hearing that Gadhafi had been killed. Fighters stopped to show us cellphone footage purportedly of his body.? In one video, the body was in the back of a vehicle with a white cloth wrapped around his head.? In another, the body was shirtless and on the ground; men picked him up and turned him over and then covered him.
"He was shot in the neck," said Fathi Bashagha, a Misrata military commander and NATO liaison. He was trying to get back to Misrata, ahead of a large convoy rumored to be carrying Gadhafi's body.?
Moments later, a large convoy of 18-wheelers, pick-up trucks, SUVs, and sedans drove by on the outside lane.?
Shadowing them were a ragtag bunch of vehicles driven by cheering militiamen ? so caught up in the moment that a couple rear-ended each other, creating a small traffic jam in front of us.
Questions remain about where Moammar Gadhafi's body was taken after he was captured and killed.? NBC's Adrienne Mong reports.
Grim souvenirs
As we continued to try to get official confirmation from either the Misrata military council or the interim government in Tripoli, more fighters stopped to show us "souvenirs."?
One man had a military cap he claimed belonged to Gadhafi. Another showed a ring, a hat, a nine-millimeter gun, and a bottle of shampoo that he said were taken from the basement housing the former leader.
But by far the most troubling sights were photos of the bodies of what fighters claimed were Moatassam, Gadhafi?s son, and Abu Bakr Yunis, one of Gadhafi's most trusted senior military leaders.? The body of the former appeared to have a bullet hole in the back of his neck; half of the latter's face was a strange shade of blue.
And then there were those who were alive.?
A truck drove by with dozens of men crowded into the back; we assumed they were prisoners because they were not cheering.
One sedan stopped in front of our van.? Rebel fighters proudly scrambled out to show off two men ? black Africans, mercenaries perhaps ? tied up in their trunk, alive; they looked alert and stared at us quizzically.?
Source: http://worldblog.msnbc.msn.com/_news/2011/10/20/8416642-our-martyrs-blood-did-not-run-in-vain
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Friday, October 21, 2011
Elizabeth Olsen steals show in horror flick (Reuters)
LOS ANGELES (TheWrap.com) ? While it lacks the gory monsters of "The Thing" and the gotcha scares of "Paranormal Activity 3," "Martha Marcy May Marlene" may be the most terrifying movie opening in theaters this month. It slowly but assuredly packs on the dread and the discomfort in a style that Roman Polanski would admire, resulting in the kind of movie you can feel tensing up the base of your spine.
Elizabeth Olsen -- and if this is somehow the first time you're hearing of her, remember that name - stars as Martha, a young woman whose directionless life somehow aims her into the arms of a farm-based cult in upstate New York. She'll wind up using the other names in the title as the story unfolds. As the film begins, Martha sneaks away from the compound and runs through the woods to get back to civilization.
Martha calls her older sister Lucy (Sarah Paulson), who's been worrying about her missing sibling for years, and the two go to Connecticut, where Lucy shares a lake house with her prickly husband Ted (Hugh Dancy).
And while Martha may seem normal on the outside, she's clearly a damaged individual, awkward in conversation and given to doing things like curling up in Lucy and Ted's bed -- while they're having sex. As Martha attempts to rebuild a relationship with Lucy (and in their family dynamic, we see why Martha found the cult so attractive), flashbacks show us her life in the cult and how things got progressively more disturbing.
First-time writer-director Sean Durkin brilliantly keeps lots of plates spinning: We not only enter the cult mindset, but we also feel Martha's post-traumatic stress disorder as she tries to cope with life on the outside. We empathize with Lucy's attempts to reach out to her sister, but neither Lucy, Ted, nor Martha herself are completely virtuous or callous; they behave like human beings in an extraordinary situation, and as such, they don't always do the right thing, or even know what the right thing is.
Most powerfully, the film drops hints that the cult -- which is capable of random acts of violence against perceived enemies -- might be coming after Martha. Or is it all in her head? Durkin is crafty enough to keep us guessing all the way up to the film's powerfully enigmatic ending, and we never get the relief of knowing, as the old saying goes, whether Martha is paranoid or they really are out to get her.
In some scenes, Durkin makes the most out of long, awkward pauses, while others (Martha's exodus through the forest) employ hand-held running shots that feel like something out of "The Texas Chainsaw Massacre." And all the while, Daniel Bensi and Saunder Jurriaans' score keeps the tension coming; they know how to turn one long, extended cello note into a symphony of unease.
With just this one role, Olsen establishes herself as a screen actress to watch -- her performance is never showy or obvious, but it's utterly compelling and fearless.
Yes, she's got famous relatives, but if her work here is any indication, she's going to make it on her own.
Nobody does charismatically creepy like John Hawkes, and he's perfectly cast as the cult leader, with Brady Corbet ("Mysterious Skin") balancing him as the pretty boy who's the bait to get hot young girls onto the compound.
David Fincher's upcoming remake of "The Girl with the Dragon Tattoo" has been billing itself as "the feel-bad movie of the year," but "Martha Marcy May Marlene" may give it some real competition for that title. In its portrait of a woman drifting between two "families" that fail her, it's a brilliantly squirmy experience.
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Citigroup paying $285M to settle SEC fraud charges
WASHINGTON (AP) ? Citigroup has agreed to pay $285 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was starting to collapse.
The Securities and Exchange Commission said Wednesday that the big Wall Street bank bet against the deal in 2007 and made $160 million in fees and profits. Investors lost millions.
Citigroup neither admitted nor denied the SEC's allegations in the settlement.
"We are pleased to put this matter behind us and are focused on contributing to the economic recovery, serving our clients and growing responsibly," Citigroup said in a statement.
The penalty is the biggest involving a Wall Street firm accused of misleading investors before the financial crisis since Goldman Sachs & Co. paid $550 million to settle similar charges last year. JPMorgan Chase & Co. resolved similar charges in June and paid $153.6 million.
All the cases have involved complex investments called collateralized debt obligations. Those are securities that are backed by pools of other assets, such as mortgages.
Citigroup's payment includes the fees and profit it earned, plus $30 million in interest and a $95 million penalty. The money will be returned to the investors, the SEC said.
In the July-September quarter, Citigroup earned $3.8 billion. CEO Vikram Pandit this year was awarded a multi-year bonus package that could be worth nearly $23.4 million if performance goals are met.
At the height of the financial crisis in 2008, regulators worried that Citigroup was on the brink of failure. It received $45 billion as part of the $700 billion government bailout.
In the civil lawsuit filed Wednesday, the SEC said Citigroup traders discussed in late 2006 the possibility of buying financial instruments to essentially bet on the failure of the mortgage assets being assembled in the deal.
Rating agencies downgraded most of the investments that Citigroup had bundled together just as many troubled homeowners stopped paying their mortgages in late 2007. That pushed the investment into default and cost its buyers' ? hedge funds and investment managers ? several hundred million dollars in losses.
Among the biggest losers were Ambac, a bond insurer, and BNP Paribas, a European bank. Ambac had sold Citigroup protection against losses on the investment, allowing Citigroup to bet against it.
Hedge funds had asked Citigroup to sell them investments that would decline if the housing market crashed. Citigroup did so, and wanted to get in on the action, the SEC said.
Citigroup bet that the investments would fail, but never told investors it had done so, SEC enforcement chief Robert Khuzami said in a conference call.
"Key facts regarding how the structure was put together were not made available to (investors), and they suffered losses as a result," he said.
Even though Citigroup designed the investment to fail, it told investors it had been designed by an independent manager, the SEC said. Citigroup's marketing materials said the investments were picked by Credit Suisse. In an email about the deal, one Citigroup banker asked another not to tell Credit Suisse that it was designed for Citigroup to profit.
Credit Suisse "agreed to the terms even though they don't get to pick the assets," the email said, according to the SEC's complaint.
Credit Suisse also reached a settlement with the SEC. Two divisions of the bank agreed to pay a $1.25 million civil fine. It will also return $1 million in fees and pay $250,000 in interest. They didn't admit or deny the charges.
Credit Suisse declined to comment on the settlement.
The SEC also filed charges against Brian Stoker, a Citigroup employee it said was mainly responsible for putting together the deal. Stoker will contest the charges, according to a statement released by his lawyer.
___
AP Business Writer Pallavi Gogoi in New York contributed to this report.
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Thursday, October 20, 2011
Real Estate Investing - Angles and Analysis
??? Good Morning !
?? We have just posted in our Blog with the topic, "Real Estate Investing - Angles and Analysis", which dissects Real Estate Investing into individual niches, along with an analysis of each niche.
?? For more information, please see our Blog at http://blogging.lease2buy.com/2011/10/real-estate-investing-angles-and.html, and as a reminder, our main website is http://www.lease2buy.com
Happy Rent to Own & Real Estate Investing !
Regards,
Robert Eisenstein
HomeRun Homes
Web: http://www.lease2buy.com
Blog: http://blogging.lease2buy.com
Public Speaking Appearances: http://www.lease2buy.com/speak.php
Twitter: http://www.twitter.com/homerunhomes
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Source: http://www.trulia.com/blog/homerunhomes/2011/10/real_estate_investing_-_angles_and_analysis
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Wednesday, October 19, 2011
Obama's teleprompter, podium stolen in Va.
A van containing President Obama's teleprompter and podium were stolen from a Virginia hotel parking lot on Monday, according to NBC12 in Richmond.
The truck was parked at the Virginia Center Commons Courtyard Marriott near Richmond before the president's scheduled Wednesday appearance in Chesterfield, the station reported. In addition to the teleprompter, $200,000 worth of audio equipment and presidential seals mounted on Obama's podium were inside the stolen vehicle.
NBC12 reports the truck was recovered on Monday at 12:30 p.m. at a Holiday Inn Express near the Richmond airport.
The Defense Information Systems Agency released the following statement on the incident:
"A government vehicle was stolen and has been recovered. No classified or sensitive information was in the vehicle. We take incidents such as this very seriously, and a formal investigation is continuing in coordination with relevant law enforcement agencies."
At this time, officials have not said if any items were missing from the van.
Source: http://www.msnbc.msn.com/id/44943479/ns/local_news-washington_dc/
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Tuesday, October 18, 2011
Testing micro-electronic stimulators for spinal cord injuries
ScienceDaily (Oct. 17, 2011) ? A new wireless device to help victims of spinal cord injury is receiving attention in the research community. Mesut Sahin, PhD, associate professor, in the department of biomedical engineering at NJIT, recently has published and presented news of his findings to develop micro-electrical stimulators for individuals with spinal cord injuries.
The work, now in its third year of support from a four-year, $1.4 million National Institutes of Health (NIH) grant, has resulted in the development and testing of a technology known by its acronym, FLAMES (floating light activated micro-electrical stimulators). The technology, really a tiny semiconductor device, will eventually enable people with spinal cord injuries to restore some of the motor functions that are lost due to injury. Energized by an infrared light beam through an optical fiber located just outside the spinal cord these micro-stimulators will activate the nerves in the spinal cord below the point of injury and thus allow the use of the muscles that were once paralyzed.
This past September, The Journal of Neural Engineering published the first testing in animals. "Our in vivo tests suggest that the FLAMES can be used for intraspinal micro-stimulation even for the deepest implant locations in the rat spinal cord," said Sahin.
"The power required to generate a threshold arm movement was investigated as the laser source was moved away from the micro-stimulator. The results indicate that the photon density does not decrease substantially for horizontal displacements of the source that are in the same order as the beam radius. This gives confidence that the stimulation threshold may not be very sensitive to small displacement of the spinal cord relative to the spine-mounted optical power source." Sahin spoke about this work at the IEEE Engineering in Medicine and Biology Conference in Boston, also in September of 2011.
FLAMES is a semiconductor device that is remotely controlled by an optical fiber attached to a low power near-infrared laser. The device is implanted into the spinal cord, and is then allowed to float in the tissue. There are no attached wires. A patient pushes a button on the external unit to activate the laser, the laser then activates the FLAMES device.
"The unique aspect of the project is that the implanted stimulators are very small, in the sub-millimeter range," Sahin said. "A key benefit is that since our device is wireless, the connections can't deteriorate over time plus, the implant causes minimal reaction in the tissue which is a common problem with similar wired devices."
The electrical activation of the central and peripheral nervous system has been investigated for treatment of neural disorders for many decades and a number of devices have already successfully moved into the clinical phase, such as cochlear implants and pain management via spinal cord stimulation. Others are on the way, such as micro stimulation of the spinal cord to restore locomotion, micro stimulation of the cochlear nucleus, midbrain, or auditory cortex to better restore hearing and stimulation of the visual cortex in the blind subject. All of them, however, are wired, unlike FLAMES, which is not.
Selim Unlu, professor of electrical and computer engineering at Boston University, is working with Sahin. "We hope that once FLAMES advances to the clinical stage, patients paralyzed by spinal injury will be able to regain vital functions," Sahin said.
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The above story is reprinted (with editorial adaptations by ScienceDaily staff) from materials provided by New Jersey Institute of Technology.
Journal Reference:
- Ammar Abdo, Mesut Sahin, David S Freedman, Elif Cevik, Philipp S Spuhler, M Selim Unlu. Floating light-activated microelectrical stimulators tested in the rat spinal cord. Journal of Neural Engineering, 2011; 8 (5): 056012 DOI: 10.1088/1741-2560/8/5/056012
Note: If no author is given, the source is cited instead.
Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.
Source: http://www.sciencedaily.com/releases/2011/10/111017133804.htm
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Monday, October 17, 2011
Project Finance | Selby Jennings : Recruitment for the Global ...
I am working with a well known investment bank that are actively looking for a junior project finance candidate to join their team in Germany /infrastructure/natural resources covering Western Europe. This is a great opportunity for any talented project finance candidates from investment banks or accountancy firms to join an excellent and entrepreneurial business.
The Role:
- Building project finance models from scratch and running sensitivities/ writing term sheets and documentation
- Meeting clients and helping the senior originators win bids and pitches to German/ Swiss/ Austrian clients
- Sector focus is mainly financing and lending to transport, energy and infrastructure- both in the private and public sector for European deals
- Supporting with deal origination and debt advisory mandates, transaction analysis and structuring including financial modeling
The Candidate:
- Essential to have at least Associate level experience in project finance lending or advisory at a decent investment bank or accountancy firm
- My client is looking to hire an Associate or AD level candidate
- Essential to have good numerical skills/ modeling skills and experience of building models from scratch.
- Essential to be fluent in English and German
- Perfect candidate will have skills in the following: ability to develop advanced financial models in coordination with clients needs/ preparing complementary analysis and presentations and experience working within a dedicated modelling for both advisory and lending mandates
- My client needs to hire a German speaking project finance candidate in the next two months
Great opportunity to join an interesting and expanding project finance team in Germany. If you feel you are a good fit to the team then please send your CV and cover note to structuring@selbyjennings.com http://www.selbyjennings.com
Type: Full-time
Location: Germany
Category: Structuring Jobs
Apply Email: structuring@selbyjennings.com
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Flood barriers will determine Thai capital's fate (AP)
RANGSIT, Thailand ? Beside a wall of white sandbags that has become a front line in Thailand's battle to prevent an epic season of monsoon floods from reaching Bangkok, needlefish swim through knee-high water inside Sawat Taengon's home.
On one side, a cloudy brown river pours through a canal diverting water around the Thai capital, just to the south. On the other side, homes just like his are unscathed. Whether floodwaters breach fortified barriers like these this weekend will decide whether Bangkok will be swamped or spared.
As of late Saturday at least, the alarmed metropolis of glass-walled condominiums and gilded Buddhist temples remained unscathed, and authorities were confident it would narrowly escape disaster.
"We just hope it doesn't go higher," said Sawat, a 38-year-old construction worker whose home had the misfortune of being inside the vast sandbag wall, which runs at least 2.5 miles (four kilometers) along a canal in Rangsit, just north of Bangkok's city limits.
Prime Minister Yingluck Shinawatra's government says most of Bangkok, which lies about six feet (two meters) above sea level, sits safely behind an elaborate system of flood walls, canals, dikes and seven underground drainage tunnels that were completed over the last year.
The latest floods are posing the biggest test those defenses have ever faced.
Adisak Kantee, deputy director of Bangkok's drainage department, reported encouraging signs Saturday. Runoff from the north had decreased slightly and high tides that could have impeded critical water flows to the Gulf of Thailand have not been severe as expected, he told The Associated Press.
Water levels along the main Chao Phraya River and key canals to the north in places like Rangsit are still manageable, he said. But he said there could be trouble if any critical barriers break.
On a bridge above a flooded canal in Rangsit, Army Col. Wirat Nakjoo echoed the need to be vigilant.
"The worst is not over," he said. "The dams are at near full capacity and there's still a lot of water that needs to be released."
Government workers there were taking no chances, stacking new sandbags atop a canal-side wall about 4.5 feet high (1.4 meters high).
The government says the floods, which have killed 297 people, are the worst to hit the Southeast Asian kingdom in half a century. In a radio address Saturday, Yingluck called them "the worst in Thai history."
Monsoon deluges that have pounded Thailand since late July have affected 8 million people and swept across two-thirds of the country, drowning agricultural land and swallowing low-lying villages along the way. More than 200 major highways and roads are impassable, and the main rail lines to the north have been shut down. Authorities say property damage and losses could reach $3 billion dollars.
Flooding in neighboring Cambodia, with less than one-quarter of Thailand's 68 million population, has killed at least 247 people, said Keo Vy, spokesman for Cambodia's National Committee for Disaster Management. China on Saturday began delivering the first of some $7.8 million in flood relief aid, he said.
Thailand's lucrative tourist destinations ? beaches and islands like Koh Samui, Krabi and Phuket ? have not been affected, and its international airports remain open.
In the last few days, government officials have voiced increasing confidence the capital would survive without major damage, but those assurances have failed to stop Bangkokians from raiding supermarket shelves to stock up on bottled water, dried noodles, flashlight batteries and candles.
Subway gates have been sealed with steel barriers. Worried car owners are cramming vehicles into high-rise parking spaces at the city's malls and airports. Some international hotels and street-side shops have barricaded their entranceways with sandbags ? not knowing where or when or even if flooding will occur.
But life in Bangkok remains normal, and the calm contrasts sharply with heavily flooded neighboring provinces, including Ayutthaya and Pathum Thani, where Rangsit is located. Television stations broadcasting images of swamped towns ? showing waterlogged residents in canoes and braving chest-high water ? have inadvertently fueled fears of imminent doom in the capital.
At least one crocodile was captured Saturday outside a house in Ayutthaya, out of what local residents claimed were as many as 300 that escaped from illegal crocodile farms, the newspaper Matichon reported.
Earlier Saturday, a 10-man team of U.S. Marines arrived on a survey mission to determine how Washington can offer help, U.S. Embassy spokesman Walter M. Braunohler said. The Marines were traveling aboard an American military cargo jet full of bottled water and sandbags needed to reinforce flood barriers.
In Rangsit, Sawat said floods occur nearly every year, though never this bad. The water in the canal beside his home began rising a month ago, he said, and the sandbags have risen along with it.
Last week, his family began shifting their valuables to higher ground after flood waters seeped in. Now, his wife and four children move through their home atop makeshift wooden planks that allow them to avoid the water lapping below.
"It's going to get higher," he said. "We need to be prepared."
___
Associated Press writers Grant Peck and Chris Blake in Bangkok, and Sopheng Cheang in Phnom Penh contributed to this report.
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Sunday, October 16, 2011
Feeding the masses, fueling a movement (AP)
NEW YORK ? Seventy-year-old Phyllis Coelho plunged her blue gloved hands into a plastic sink of gray soapy water and spent an afternoon last week cheerfully washing dishes "to support the revolution." The retired social worker had traveled from Belfast, Maine, the day before with her 78-year-old friend and fellow dishwasher, Jane Sanford.
They headed directly to the protest at Zuccotti Park because, they said, it was time to "show up."
At a table behind her, Nan Terrie, an 18-year-old law student from Orlando, Fla., was furiously chopping carrots and onions even as she juggled cell phone calls from people wanting to donate food, and handed hastily scribbled "to do" lists for other volunteers. Anj Ferrara, a 24-year-old artist, was tearing open some of the 40 boxed pizzas that had just arrived. And Tom Hintze, a 24-year-old bike tour guide, was trying to figure out the logistics of getting a truck and driver to pick up massive trays of pulled pork that someone wanted to send from Brooklyn.
The makeshift "kitchen" in the center of the park is the ever-evolving heart of the Occupy Wall Street encampment, managing to feed thousands daily even as it scrambles to figure out how to deal with an endless flow of donations.
But the people who work there ? and those they serve ? say it is much more, imbuing it with the same fervor that has marked the protests from the beginning.
"Revolution is fueled by eggplant parmigiana!" cried David Everitt-Carlson, smacking his lips and cleaning his plate after dinner. Sitting cross-legged in a cardboard box daubed with the words "I think outside the box" the unemployed 55-year-old said that, after months of homelessness, he had never eaten better.
Bagels and eggs for breakfast; pizza and burritos for lunch; fresh salads, organic vegetables and casseroles, pasta or barbecue chicken for dinner. Endless helpings ? all fresh, all free. And all served amid the deafening din of protest: masks and marchers, drums circles and dancers, chanters gripping signs exploding with rage at corporate gluttony, all surrounded by barricades and a phalanx of police officers.
"There is so much ingenuity and innovation right here in this kitchen that is so lacking in so many other areas of the country," said Sam Tresler, a 32-year-old consultant from Brooklyn as he dropped off a pot of mashed potatoes he had cooked that morning. "It's inspiring."
The kitchen has no on-site oven or refrigerator or stove, just fold-up tables, tarps, racks of food and tanks of water.
Truckloads of fresh fruit and vegetables arrive daily from organic farms in upstate New York and Vermont and Massachusetts, steaming containers of chicken and rice, burritos and lasagna are sent from restaurants all over the city, tubs of Ben and Jerry's chocolate and cookie dough ice cream arrived one sunny morning (and was scooped by the company's chairman of the board, Jeff Furman), and there is a seemingly never-ending delivery of pizza pies, ordered by phone from supporters all over the world.
In the general spirit of the protest, the kitchen has no appointed leaders, just what volunteers jokingly refer to as an "organic hierarchy," meaning those that have been around the longest make the key decisions and assign the daily tasks. Newcomers ? and they have come from Haiti and Colombia and Japan as well as from all over America ? are generally put on cleanup duty. Others monitor the compost pack and environmental water filtration system.
There is a receiving table for locals who show up with bags of corn or a homegrown eggplant or a bush of basil. At another table a volunteer jots down the names of people who offer their home kitchens for protesters to cook and clean in.
"What you see in this kitchen is pure and inspirational and filled with great hope that we are moving towards something better," says Hintze, who generally makes a living hosting bike tours around the country. But he says he wouldn't be anywhere else. "We needed a reality check and the Arab Spring gave us one. This is where I'm meant to be."
As he is speaking an 80-year-old Jamaican woman who is visiting her daughter in Queens walks up, gives him a great big hug, and gleefully stuffs a single $100 bill into the plastic donations container. She doesn't want to be named, she says, because she intends to do the same next week and "I don't want people to think I'm rich."
Later another woman silently drops an envelope containing $1,000. Other donations have come from organized groups. The Corrections Officers' Benevolent Association of New York City donated food to feed approximately 800 people. And the United Federation of Teachers donated a huge storage space on Broadway, about seven blocks away, where the hundreds of UPS boxes arriving every day ? filled with canned food, and sleeping bags and blankets ? are sorted and stored.
But from the kitchen perspective, the most crucial donation happened a few days ago, when the Rev. Leopoldo Carl of Overcoming Love Ministries in Brooklyn wandered into the park and offered the use of his soup kitchen ? a state-of-the-art commercial operation capable of cooking for more than 1,500. The church, he said, had plenty of cold storage too.
"My congregation wants to help," he boomed. "And many of them are homeless."
Volunteer Heather Squire was incredulous. She had spent the past week desperately searching for such a space, so that the protesters could store fresh produce for the winter and move away from the daily trips to home kitchens that are simply not equipped to cook in volume. She had even talked with a real estate agent about renting a commercial facility ? a sore point among some protesters who would rather spend donated money on food.
"I'm an atheist," Squire says. "But there is something mystical happening here."
The 31-year-old sociology graduate from New Jersey works in restaurants because she has been unable to find a permanent job. She joined the movement on Oct. 1, the day of the march on the Brooklyn Bridge and was one of 700 arrested that day. It was "chilling" being behind bars for hours, Spire said, but it solidified her resolve to stay with the protesters. And so, the next day, she found herself washing dishes in a very different kind of kitchen.
Amy Hamburger, 29, had been backpacking in Kentucky a short time before the protest began, but came home to Queens to spend time with her ailing father. A friend encouraged her to go to the first protest and though she had never considered herself an activist, something compelled her to stay.
"It just feels like this is exactly where I am meant to be," said an exhausted looking Hamburger one evening last week, red-eyed from working at the kitchen for nearly 48 hours. By now, she's getting used to lack of sleep. She has been volunteering since the very beginning, when protesters were surviving on peanut butter sandwiches and pizza. For Hamburger, the evolution of the kitchen has been nothing short of a miracle.
"There is this amazing synchronicity," she said. "Every time we really need something, it just seems to appear."
"There's a gestalt here," said Deborah Mulligan a 57-year-old attorney from Madison, Wis., who, having slept on the marble floors of Wisconsin's State Capitol during the union protests last winter, felt an obligation to join the protesters in New York. "When you eat together and break bread together, you talk and you learn and you get even more informed and inspired," she said.
Shane Stoops, who has also been in the kitchen since the beginning, has a more personal take. The self-described "Renaissance man" from Washington state says he has always been a bit "radical" and always had a testy relationship with his dad, a shipyard pipefitter.
"For the first time in his life, my father told me he was proud of me for standing up for something I believe in," said Stoops, 23. "Feeding people is a beautiful thing, but so was hearing those words."
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