Sunday, January 27, 2013

New photos, videos and app shed fresh light on Anne Frank's family ...

By Vanessa Thorpe, The Observer
Saturday, January 26, 2013 18:23 EST

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Archive documents, photos and video footage are released to the public for the first time in digital edition of Anne?s diary

Scrapbook pictures that give a bright glimpse of Anne Frank?s life before her family went into hiding are among a wealth of unpublished material made public for Holocaust Memorial Day on Sunday.

The scrapbooks, thought to have been made by her father Otto, are held in the archives of the Anne Frank Fund and their release, with rare film footage, letters and pictures, is intended to give a broader picture of the Frank family.

?Anne?s father was a keen amateur photographer, something that was more unusual at that time, and we have hundreds of images, mainly of special family occasions, but of friends too,? said Yves Kugelmann, who sits on the board of the fund.

A photo of Anne with her elder sister and parents out together in May 1941 near their home in Amsterdam is a poignant reminder of the freedom they lost, while a jaunty image of Anne, taken by her sister Margot, shows her leaning over the balcony of a block of flats and letting her hair fly. The picture was meant to include their grandmother, Rosa, but a note in the scrapbook explains that she moved out of the way at the last moment.

Original documents, diary pages and footage are all included in the first app edition of The Diary of a Young Girl, the journal written by the teenage Frank during the two years she spent concealed from the Nazis in an annexe behind a warehouse.

The content of the app is drawn from archives held in Basel, Switzerland, where Otto Frank lived after the war, and has been assembled with the help of Frank?s only surviving direct relative, Bernd Elias, known as Buddy. ?I am happy to say that interest in Anna and her times is still strong, but bringing out this now is highly important for the future of her story,? Elias told the Observer. ?The new material gives it a completely different outlook.?

In childhood Anne?s elder cousin, Buddy, was the object of her dreams. Inside the annexe at Prinsengracht 263 she drew a picture of the outfit that she hoped to wear one day when she went ice-skating with him. Now 87, Elias works with the Anne Frank Foundation and is still committed to explaining the relevance of his cousin?s story.

?It is a great thing that we have so much material available now for young people,? he said. ?In the past there was only the diary, now there are pictures and videos. Hatred, of course, and racism are still working away all over the world. They are with us. It is so important that children learn to respect all religions and all nationalities.?

Tens of millions have read The Diary of a Young Girl since it was first published in 1947; readers of the app can now see the hiding place she shared from 6 July 1942 until 4 August 1944 with her parents, her sister, the Van Pels family and a dentist called Fritz Pfeffer.

Importantly for Kugelmann and Elias, the app also shows what was happening outside the annexe. While Helena Bonham Carter reads Anne?s diary entries, users can watch videos of those who secretly helped the threatened Jewish family, or listen to original radio news broadcasts.

?When I knew Anne, she was a girl like every other girl,? said Elias. ?She was lovely and wild and we had a wonderful time playing together. But she was no real exception, although it is true that she just loved writing, even before she was in hiding. In a way, she was not somebody special, though. That was the point really.? Although Frank was ?great fun?, Elias often thinks of the rest of her family too. ?We know about Anne because of her writing, yet no one knows about her sister. Sometimes I can?t believe that she went then too. And I know that Otto felt that. Margot was highly intelligent and was always the best in her class. Anne was one victim of millions, and all these victims were each people with their own characters.?

Elias feels Anne?s wider importance now is as the best known Holocaust victim. ?She has become an icon of that time, and now I think about her every day because of my work. I get mail sent to me almost every day and I answer them all.?

The Anne Frank Fund makes no profits and invests in education projects, so its commercial ventures are carefully chosen. Elias believes his cousin?s legacy is liable to exploitation. ?I hated to see the musical. She is used sometimes for things that are not right. There were even some Anne Frank jeans at one time. Horrible ideas.?

At the same time it is ?heartwarming?, Elias says, that she is read all over the world. Penguin General?s app also includes 21 video clips from the Oscar-winning documentary Anne Frank Remembered and several audio recordings, including a commentary from Miep Gies, one of those who risked her life to help Anne.

But schoolchildren will not, of course, be spared the last chapter of Frank?s story. Her time in hiding ended on a summer?s day when the Austrian Nazi SS Oberscharf?hrer Karl Silberbauer entered the annexe. Those inside were all taken away and Frank went first to the Westerbork transit camp in the Netherlands, then on to Auschwitz and Bergen-Belsen, where she died from typhus three months before her 16th birthday.

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Source: http://www.rawstory.com/rs/2013/01/26/new-photos-videos-and-app-shed-fresh-light-on-anne-franks-family-life/

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Friday, January 25, 2013

Xerox fourth-quarter profit tops Street view, shares up

(Reuters) - Xerox Corp reported quarterly earnings slightly above expectations on Thursday and reiterated its full-year targets as it restructures parts of its business.

Fourth-quarter revenue was flat at $5.9 billion and earnings per share, excluding items, were 30 cents. Analysts looked for $5.88 billion in revenue and EPS of 29 cent.

Xerox stock gained 2.2 percent to $7.75 in early trading.

For the first three month of 2013, Xerox expects earnings to be in a range of 23 cents to 25 cents per share. Analysts looked for 24 cents in the first quarter, according to Thomson Reuters I/B/E/S.

The company reiterated its full-year EPS target of $1.09 to $1.15 and forecast operating cash flow of $2.1 billion to $2.4 billion.

Some analysts called the outlook conservative.

Shannon Cross at Cross Research said the guidance "is likely conservative, given tailwinds from currency, significant product refreshes in technology, restructuring and easier comparisons."

She added that she anticipated the company would return cash to shareholders through a dividend, share repurchase and service-oriented acquisitions.

The Norwalk, Connecticut-based company said in November it was taking a $100 million restructuring charge as a result of a tougher economy and tighter corporate budgets.

Most of the restructuring focus is on the services segment, which handles anything from helping to manage toll systems to healthcare programs.

Xerox, which has its roots in the copier and printer business, said quarterly revenue from its services business was up 7 percent thanks to recurring contracts.

It now generates more than half of its revenue from its services businesses after its acquisition of Affiliated Computer Services Inc for $5.5 billion in 2009.

But new contract signings in the services segment declined 25 percent to $2.9 billion in last 12 months. Xerox said the drop was due to a decrease in very large deals and shorter contract lengths.

Still, it said the pipeline of future deals was strong with 6 percent year-on-year growth.

Revenue from the document technology business, which includes document systems, supplies, technical services and financing of products, was down 8 percent due to difficult economic and market conditions, Xerox said.

The company said it expected to feel the impact of a continued weak economic environment this year as well, but was optimistic that equipment sales would improve due to a refreshed line of products.

(Reporting by Nicola Leske; Editing by Jeffrey Benkoe)

Source: http://news.yahoo.com/xerox-fourth-quarter-revenue-line-street-estimate-133926263--sector.html

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Thursday, January 24, 2013

How 'dark pools' enable anonymous insider trading

Hedge fund head Steve Cohen's amazing success at picking stocks has made him one of the most powerful figures on Wall Street, but his empire may be in jeopardy from a federal investigation as four of his former employees are pleading guilty to insider trading. NBC's Lisa Myers reports.

By Tom WinterProducer, NBC News

While federal authorities aggressively pursue individual insider stock trading? cases ?? including an ongoing investigation of Wall Street titan Steven A. Cohen?s SAC Capital hedge fund ? financial regulators remain years away from being able to peer into ?dark pools,? the high-tech mechanism that insiders use to conduct secret, advantageous transactions.

Federal prosecutors have been circling Cohen, 56, the founder and owner of one of the largest and most profitable U.S. hedge funds and one of the richest men in America, since at least late last year, when an indictment was unsealed against former SAC employee Mathew Martoma. He was the fifth SAC employee accused of insider trading while at the firm; four others have pleaded guilty.


The complaint, which alleges that Martoma used inside information about a clinical drug trial to help SAC earn profits and avoid losses of $276 million in 2008, indicates that Martoma told Cohen about the results of the trial. SAC then sold stock in the Elan company and purchased options, ?a calculated and well-informed gamble that the stock would plummet once the news was announced, according to the complaint.

Martoma, 38, pleaded not guilty to insider trading charges this month. His lawyer said he expects his client to be ?fully exonerated.?

Cohen has not been charged with any crimes. A spokesman for Cohen said, "The firm and Steve Cohen are confident he acted appropriately."

The complaint also offered a look at how ?dark pools? allowed Cohen's firm to trade millions of shares and hundreds of millions of dollars of stock virtually undetected.

Dark pools are essentially private stock exchanges reserved for the largest traders, including hedge funds, major institutional funds, pension funds, and big banks. The pools use computers to match buyers and sellers of a particular stock, drawing pricing data from public stock exchanges like the New York Stock Exchange or NASDAQ.

While all exchanges have a degree of anonymity, dark pools have an increased level of secrecy because neither the size of the trade nor the identity of the participants are revealed until a trade is filled. It?s like the childhood pool game of ?Marco Polo,? except all the players are blindfolded rather than just? one. As a result, there is no way of knowing if just one broker, one trader or one firm doing all the buying or selling.

That means institutions trying to unravel or rapidly accumulate large positions in a company can avoid the large increases or decreases that often occur when a major trader begins acquiring or dumping a stock. Essentially, without knowing who is doing the buying or selling, other investors can?t recognize a sudden large increase in supply or demand, experts on the pools tell NBC News.

In the complaint against Martoma, investigators cite an email from a ?senior trader? at SAC Capital explaining how trading in dark pools and using algorithms enabled the company to avoid detection, and potential losses on its sale of Elan stock:

?This process clearly stopped leakage of info from either in (or) outside the firm and in my viewpoint clearly saved us some slippage,? it said.

The secret trades are perfectly legal. Only if they are coupled with inside information and used to give buyers or sellers an improper advantage do they cross the line.

Investors who have filed a class-action lawsuit against Cohen and SAC Capital say that?s exactly what happened with the trades in the Elan pharmaceutical company initiated by Martoma. They allege that they were at a distinct disadvantage as SAC profited from insider knowledge.

"I had a million dollar home, now I'm in a manufactured home," said one of the plaintiffs, Howard Kreier of North Carolina. Today, he said, he's ashamed to talk to his friends who also bought the Elan stock on his recommendation and lost big too.

What surprises many investors is that the Securities and Exchange Commission, the regulator of the dark pool exchanges, also is in the dark, with no way of quickly determining who is trading what, according to its website. Only through historical forensic analysis of trades -- and sometimes by subpoenaing trading records ? can the SEC find suspicious patterns indicative of insider trading.

The regulatory agency is putting together a system, called the Consolidated Audit Trail (CAT), capable of tracking trades in near-real time. But that is at least three years away according to the bid schedule. It is unknown if such a system could have detected the huge moves by SAC Capital in July 2008.

The SEC declined requests for comment from NBC News, but pointed to the agency?s website for the information on CAT as well as the SEC's charter, which requires it to ?protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation."

?That mandate puts the agency in the difficult position, observers note, because it has to encourage innovation ?? such as the use of dark pools -- while simultaneously protecting investors from being at a disadvantage as a result of such systems.

Insider trading by all hedge funds has been under scrutiny since August 2009, when Preet Bharara took over for the U.S. Attorney's Office for the Southern District of New York.

Since then, 76 people have been charged with the illegal act of buying and selling stock based on information from insiders, with 71 convicted, according to the U.S. Attorney ?s Office.

?While the toll of insider trading is difficult to establish, plaintiffs in the class-action lawsuit against Cohen and SAC say their case shows that the practice punished both ordinary investors and other institutions that aren?t in the know.

In going after Cohen and SAC, they are targeting one of Wall Street?s savviest traders.

Cohen is worth nearly $9 billion, according to published reports. Despite his massive art collection, 36,000 square foot home, and enormous wealth Cohen maintains a relatively low profile, rarely granting interviews.

"In speaking to Steve Cohen you wouldn't necessarily know that he has one of the greatest track records as an investor over the last 15 or 20 years and that he's one of the richest men in the country, said CNBC's David Faber, "He's fairly understated, he's far from a recluse, he has plenty of friends and is extraordinarily competitive.?

But Kreier, one of the plaintiffs in the lawsuit, said he has no compunctions about going after such a prominent player, given the high price he paid for his investment in Elan. Because he had no idea SAC Capital was dumping hundreds of millions of dollars of stock and even short-selling Elan through the dark pools, he said his confidence in the stock market is shot.

?"You don't stand a chance,? he said. ?You buy a stock, you're better off buying a lottery ticket."

Source: http://openchannel.nbcnews.com/_news/2013/01/23/16633004-gazing-into-dark-pools-the-tool-that-enables-anonymous-insider-trading?lite

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Scientists underestimated potential for Tohoku earthquake: Now what?

Jan. 23, 2013 ? The massive Tohoku, Japan, earthquake in 2011 and Sumatra-Andaman superquake in 2004 stunned scientists because neither region was thought to be capable of producing a megathrust earthquake with a magnitude exceeding ? 8.4.

Now earthquake scientists are going back to the proverbial drawing board and admitting that existing predictive models looking at maximum earthquake size are no longer valid.

In a new analysis published in the journal Seismological Research Letters, a team of scientists led by Oregon State University's Chris Goldfinger describes how past global estimates of earthquake potential were constrained by short historical records and even shorter instrumental records. To gain a better appreciation for earthquake potential, he says, scientists need to investigate longer paleoseismic records.

"Once you start examining the paleoseismic and geodetic records, it becomes apparent that there had been the kind of long-term plate deformation required by a giant earthquake such as the one that struck Japan in 2011," Goldfinger said. "Paleoseismic work has confirmed several likely predecessors to Tohoku, at about 1,000-year intervals."

The researchers also identified long-term "supercycles" of energy within plate boundary faults, which appear to store this energy like a battery for many thousands of years before yielding a giant earthquake and releasing the pressure. At the same time, smaller earthquakes occur that do not to any great extent dissipate the energy stored within the plates.

The newly published analysis acknowledges that scientists historically may have underestimated the number of regions capable of producing major earthquakes on a scale of Tohoku.

"Since the 1970s, scientists have divided the world into plate boundaries that can generate 9.0 earthquakes versus those that cannot," said Goldfinger, a professor in OSU's College of Earth, Ocean, and Atmospheric Sciences. "Those models were already being called into question when Sumatra drove one stake through their heart, and Tohoku drove the second one.

"Now we have no models that work," he added, "and we may not have for decades. We have to assume, however, that the potential for 9.0 subduction zone earthquakes is much more widespread than originally thought."

Both Tohoku and Sumatra were written off in the textbooks as not having the potential for a major earthquake, Goldfinger pointed out.

"Their plate age was too old, and they didn't have a really large earthquake in their recent history," Goldfinger said. "In fact, if you look at a northern Japan seismic risk map from several years ago, it looks quite benign -- but this was an artifact of recent statistics."

Paleoseismic evidence of subduction zone earthquakes is not yet plentiful in most cases, so little is known about the long-term earthquake potential of most major faults. Scientists can determine whether a fault has ruptured in the past -- when and to what extent -- but they cannot easily estimate how big a specific earthquake might have been. Most, Goldfinger says, fall into ranges -- say, 8.4 to 8.7.

Nevertheless, that type of evidence can be more telling than historical records because it may take many thousands of years to capture the full range of earthquake behavior.

In their analysis, the researchers point to several subduction zone areas that previously had been discounted as potential 9.0 earthquake producers -- but may be due for reconsideration. These include central Chile, Peru, New Zealand, the Kuriles fault between Japan and Russia, the western Aleutian Islands, the Philippines, Java, the Antilles Islands and Makran, Pakistan/Iran.

Onshore faults such as the Himalayan Front may also be hiding outsized earthquakes, the researchers add. Their work was supported by the National Science Foundation.

Goldfinger, who directs the Active Tectonics and Seafloor Mapping Laboratory at Oregon State, is a leading expert on the Cascadia Subduction Zone off the Pacific Northwest coast of North America. His comparative studies have taken him to the Indian Ocean, Japan and Chile, and in 2007, he led the first American research ship into Sumatra waters in nearly 30 years to study similarities between the Indian Ocean subduction zone and Cascadia.

Paleoseismic evidence abounds in the Cascadia Subduction Zone, Goldfinger pointed out. When a major offshore earthquake occurs, the disturbance causes mud and sand to begin streaming down the continental margins and into the undersea canyons. Coarse sediments called turbidites run out onto the abyssal plain; these sediments stand out distinctly from the fine particulate matter that accumulates on a regular basis between major tectonic events.

By dating the fine particles through carbon-14 analysis and other methods, Goldfinger and colleagues can estimate with a great deal of accuracy when major earthquakes have occurred. Over the past 10,000 years, there have been 19 earthquakes that extended along most of the Cascadia Subduction Zone margin, stretching from southern Vancouver Island to the Oregon-California border.

"These would typically be of a magnitude from about 8.7 to 9.2 -- really huge earthquakes," Goldfinger said. "We've also determined that there have been 22 additional earthquakes that involved just the southern end of the fault. We are assuming that these are slightly smaller -- more like 8.0 -- but not necessarily. They were still very large earthquakes that if they happened today could have a devastating impact."

Other researchers on the analysis include Yasutaka Ikeda of University of Tokyo, Robert S. Yeats of Oregon State University, and Junjie Ren, of the Chinese Seismological Bureau.

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The above story is reprinted from materials provided by Oregon State University.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. C. Goldfinger, Y. Ikeda, R. S. Yeats, J. Ren. Superquakes and Supercycles. Seismological Research Letters, 2013; 84 (1): 24 DOI: 10.1785/0220110135

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/most_popular/~3/-OIRBTJHGkE/130123133901.htm

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Wednesday, January 23, 2013

Analysis: Apple earnings need to overcome technical malaise

NEW YORK/SAN FRANCISCO (Reuters) - To those who study technical stock charts, Apple Inc looks broken.

Even though it is widely viewed to be undervalued after hitting an 11-month low this week and nine out of 10 brokerages recommend that investors buy or hold the stock, Apple shareholders could still be in for more rough times if technical strategists are right.

They note that trading charts show few price points where investors can expect clusters of buying to support Apple's shares. For example, the stock's medium-term momentum, based on its 50-day rate of acceleration, has been on a downward slope since March, but has not hit over-sold levels.

Ryan Detrick, senior technical strategist at Schaeffer's Investment Research, said it is hard to find an entry point at current levels, calling the stock "broken."

"There's been a lot of technical damage, but at the same time it still looks like it's in a downtrend," Detrick said. "This could still be a name you want to avoid and could very well still underperform in our opinion."

Apple has a chance to turn things around when it reports results for the December quarter on January 23. Investors are unusually nervous because of reports that Apple might be curtailing purchases of screens for its iPhone and iPad, which together account for over 70 percent of revenue.

If Apple can substantially beat Wall Street's subdued expectations, that would go a long way towards restoring confidence in the near term. It is not enough for Apple to just meet targets - that could cause shares to fall further in the short term, some analysts say. Apple has only missed analysts' profit forecasts four times in the last 10 years, two of those in the most recent reporting periods.

"If you have a 10 percent to 15 percent beat on estimates, it will be enough to have people say, 'Oh my gosh, Apple has its game back,'" said Chris Bertelsen, chief investment officer of Global Financial Private Capital, a Sarasota-based wealth manager with $1.7 billion assets under management.

The fund had cut back its holdings in Apple to less than 1 percent of its portfolio from about 5 to 6 percent last fall, but Bertelsen said it is now adding again. He likes Apple's longer-term prospects as the global smartphone market grows, particularly in developing countries such as India and Brazil.

Analysts on average estimate Apple's fiscal first-quarter earnings per share at $13.41, down slightly from $13.87 in the year-earlier quarter. Revenue is seen up 18 percent at $54.7 billion, according to Thomson Reuters I/B/E/S.

The December quarter is typically the strongest one of the year for consumer electronics sales and Apple had a new product, the iPad mini, in its holiday season line-up.

Wall Street estimates Apple sold between 47.5 million and 53 million iPhones, up considerably from the 26.9 million sold in the previous quarter, when the iPhone 5 had not made it to all markets. IPad sales are expected at 23 million to 25 million.

BULLS OUTNUMBER BEARS

Apple shares have fallen nearly 30 percent after hitting a record high in September, in part on worries that its mobile devices are no longer as popular as they were. As competition intensifies from Samsung Electronics Co Ltd and others using Google Inc's Android software, investors are wondering if Apple's days of hyper growth are over.

There are still plenty of Apple bulls on Wall Street. Forty-eight out of 58 equity analysts who cover the stock rate it a "buy" or "strong buy" and another seven say it is a "hold," according to Thomson Reuters data. Only three recommend that investors sell the stock.

The median price target is $745, which is roughly 50 percent above Apple's Friday close of $500.

The company is expected to continue to post double-digit revenue growth into at least 2015 and a StarMine analysis of its expected growth over the next decade puts the stock's intrinsic value at about $708 a share.

"We still expect iPhone growth. They are still pointing to a strong December quarter and, if you think there's any momentum left, that they can grow on the high end (of the smart phone market) or find growth in other sectors, this is a buying opportunity," said Morningstar analyst Brian Colello, who has a fair value call on Apple at $770.

Investors also expect Apple to follow through on a promised $10 billion stock buy-back program.

"If the company is not buying back at this level, I think it's absurd and suggests that something is seriously wrong with the company," said Mark Mulholland, manager of the Matthew 25 fund, which has about 17 percent of its holdings in Apple.

Last year, the fund posted a considerable 29 percent gain, although it lost 2.8 percent in the last quarter as Apple slumped. (Apple shares gained 31 percent over 2012)

Mulholland values Apple at more than $1,000 per share, based on its growth prospects and cash level. Apple had cash and securities of $121.25 billion at the end of September, or about $129 per share.

Still, he agrees with technical analysts who say there is little momentum behind the stock. Some point to support near $425 per share, which means there is room for the stock to fall another 15 percent from current levels.

"Three things influence a stock price: growth, value and momentum. The growth and value are there, but you've completely lost your momentum," said Mulholland.

Apple shares are trading at 15.4 times projected 12-month earnings, a level that analysts say is unusually inexpensive for a company with its growth profile.

Samsung trades at a forward P/E of 7.6, while Nokia trades at 92.3 times.

Sandy Villere, portfolio manager of the $356 million Villere Balanced Fund, said the fund has been scooping up more shares as the price fell, but notes it is more fashionable to be down on the iPhone, iPad and Mac computer maker these days.

"It's becoming almost a contrarian thing to want to buy Apple shares," Villere added. It's "a great buying opportunity."

(Additional reporting by David Randall and Angela Moon; Editing by Tiffany Wu and Andre Grenon)

Source: http://news.yahoo.com/analysis-apple-earnings-overcome-technical-malaise-234913081--sector.html

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US stocks edge down as DuPont, J&J report earnings

U.S. stocks wavered between small gains and losses Tuesday as big companies reported their fourth-quarter financial results.

The Dow Jones industrial average fell four points to 13,645 as of 10 a.m. Eastern time. The Standard & Poor's 500 index fell two to 1,484. The Nasdaq composite average dropped five to 3,129.

Among the Dow components reporting Tuesday, chemical and bioscience company DuPont reported a sharp drop in income on weakness in its electronics, communications and other businesses, but the results still beat analysts' forecasts and DuPont's stock rose 43 cents to $47.42.

Johnson & Johnson said higher sales helped boost its profit from a year ago, when results were weighed down by a slew of one-time charges. However, the company's 2013 profit forecast fell short of analysts' estimates. J&J dropped 62 cents to $73.99.

A third member of the Dow 30, property and casualty insurer Travelers Cos., led the Dow higher after it said core income categories like investments and premiums written rose in the fourth quarter. Net income fell because of costs related to Superstorm Sandy. The stock shot up $2.67, or 3.5 percent, to $78.98, after hitting an all-time closing high of $76.31 on Friday.

The market was closed on Monday for the Martin Luther King Jr. holiday.

Another company hit by Superstorm Sandy was Delta Air Lines, which said its fourth-quarter profit was nearly wiped out after it was forced to cancel more than 20,000 flights. The storm hit Delta harder than other airlines because it slowed operations at Delta's new oil refinery near Philadelphia. Delta fell 2 cents to $13.59.

Tech behemoths IBM and Google are set to announce their earnings results after the market closes. Tech companies' results are being watched closely because many of them have warned about a weak fourth quarter.

Railroads CSX and Norfolk Southern also announce after the close. Rail companies are seen as a bellwether for the broader economy because their results track the demand for transportation of materials used in manufacturing and goods sold to consumers and businesses.

The yield on the benchmark 10-year Treasury note edged up to 1.86 percent from 1.84 percent.

Asian indexes closed mixed after the Bank of Japan announced a new round of bond purchases that many observers thought was too weak to have much effect on the economy. The BOJ set a 2 percent inflation target and announced open-ended asset purchases starting in 2014.

Japan's Nikkei 225 index closed down 0.4 percent, while the Hang Seng in Hong Kong rose 0.3 percent. China's Shenzhen average fell 1.5 percent.

European stocks also were mixed. Germany's DAX was down 0.7 percent despite strong results from an investor confidence survey in that country. Britain's FTSE 100 was flat; France's CAC 40 fell 0.4 percent.

By early afternoon in Europe, benchmark oil for February delivery was down 3 cents to $95.53 a barrel in electronic trading on the New York Mercantile Exchange.

___

Daniel Wagner can be reached at www.twitter.com/wagnerreports .

Source: http://news.yahoo.com/us-stocks-edge-down-dupont-j-j-report-152319696--finance.html

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Man and Mars through history

In an image that scientists call the sharpest image ever made from Earth, the planet Mars is seen as a dynamic planet covered by frosty white water ice clouds and swirling orange dust storms above a vivid rusty landscape, in this view made by the Earth-orbiting Hubble Space Telescope on June 26, 2001. (NASA-Hubble Heritage Team/AP)

As early as the 2nd millennium BC, the Babylonians made reference to Mars, which was identified with the god of war and destruction, Nergal. Later, the Greeks named it Ares after their god of war, while the Romans identified it with a warrior deity, too ? Mars.

Source: http://rss.csmonitor.com/~r/feeds/science/~3/iw9KnZzq5WM/Man-and-Mars-through-history

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Tuesday, January 22, 2013

Turn a Cheap $2 Plastic Stapler Into a Booklet Stapler

Turn a Cheap $2 Plastic Stapler Into a Booklet StaplerTurn a Cheap $2 Plastic Stapler Into a Booklet Stapler If you want to staple standard office paper into a booklet you will typically need a long reach stapler?standard desktop staplers are not long enough to staple the middle of a page. Specialized booklet staplers can often cost $25 or more, but if you have access to a bit of aluminum rectangular tubing, a hacksaw, and a drill you can augment a cheap $2 dollar-store stapler into having a much longer reach.

Instructables user kenyer basically disassembled the donor stapler, cut two pieces of aluminum stock to size and formed them into a U-beam, and attached the two pieces of aluminum stock to the stapler using screws at a 90-degree angle. Now the stapler doesn't need to be as long to access the spine of your booklet.

DIY Booklet Stapler | Instructables

Source: http://feeds.gawker.com/~r/lifehacker/full/~3/X7UYjCfz2AY/turn-a-cheap-2-plastic-stapler-into-a-booklet-stapler

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Monday, January 21, 2013

Acumen PR gets article published in 'Scotland on Sunday' about ...

Acumen PR gets article published in ?Scotland on Sunday? about company behind ?Deep Heat? product

Kevin Dorrian, Director of Acumen PR

Scotland On Sunday?picked up on our story about Deep Heat! The company behind ?Deep Heat?, one of the UK?s iconic healthcare brands, has embarked on a collaboration with the Edinburgh Complex Fluids Partnership (ECFP) based at the University of Edinburgh, to research ways that further improve the production processes and operational efficiencies across its range of topically applied products.

Working with the East Kilbride-based Mentholatum Company Ltd, ECFP plans to examine the behaviour of Deep Heat?s physical structure to enable screening for new product development prototypes on the basis of objective evidence and hard statistical data, rather than rely solely on subjective assessments.

Edinburgh Research and Innovation (ERI), the commercialisation arm of the University of Edinburgh, was instrumental in sealing the deal with the company, having worked closely with both Mentholatum and ECFP to develop a collaborative partnership that has already led to further projects.

The Mentholatum Company Ltd has a reputation spanning over 100 years in manufacturing some iconic healthcare products, including Deep Heat?, Deep Freeze and Deep Relief?, which they supply to markets in the UK, Europe, the Middle East and Africa.

http://www.acumen-pr.net/deep-heat/

Source: http://www.powerlunchclub.co.uk/acumen-pr-gets-article-published-in-scotland-on-sunday-about-company-behind-deep-heat-product/

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10 Glorious Shake My Head Dad Moments

1. Disco Fieber

Click here to view this gallery.

[More from Mashable: 11 Pets With Real-Life Careers]

It starts with a fanny pack. Maybe the word "hip" or "rad" used in a misguided manner. If you're lucky, it stops there.

If not, you move on to the next round: cell phone clips, socks with sandals and tucked-in polos. Worst, of course, is the outdated dance moves in public ("Coolio Dogg -- that's a thing, right? -- I love his new CD cassette. It's totally fly, if you hear what I'm talking about, fellas. YOLMO!").

[More from Mashable: Go Home, Folks ? Joe Biden Won the Internet Today]

Sigh.

Dads try their best. To be fair, it's not easy keeping up with the latest youngin' trends. We're just happy that, when the brave ones do try to keep up, there's always someone filming it.

If anything, we can take solace in knowing we'll reach that point someday ourselves. Hopefully we'll be too comfortable in our sweatpants and Crocs to care.

What's your most embarrassing dad story? Relive those blush-worthy moments in the comments.

Image courtesy of Dave Fuller

This story originally published on Mashable here.

Source: http://news.yahoo.com/10-glorious-shake-head-dad-moments-233521682.html

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Obama, Biden being sworn in for second term

President Barack Obama and Vice President Joe Biden, accompanied by Maj. Gen. Michael S. Linnington, Commander of the U.S. Army Military District of Washington, listen to Taps after placing a wreath at the Tomb of the Unknowns at Arlington National Cemetery in Arlington, Va., Sunday, Jan. 20, 2013. (AP Photo/Susan Walsh)

President Barack Obama and Vice President Joe Biden, accompanied by Maj. Gen. Michael S. Linnington, Commander of the U.S. Army Military District of Washington, listen to Taps after placing a wreath at the Tomb of the Unknowns at Arlington National Cemetery in Arlington, Va., Sunday, Jan. 20, 2013. (AP Photo/Susan Walsh)

President Barack Obama and Vice President Joe Biden place a wreath at the Tomb of the Unknowns at Arlington National Cemetery in Arlington, Va., Sunday, Jan. 20, 2013. (AP Photo/Susan Walsh)

President Barack Obama pauses after placing a wreath at Arlington Cemetery in Arlington, Va., Sunday, Jan. 20, 2013. (AP Photo/Susan Walsh)

Vice President Joe Biden takes the oath of office during the 57th Presidential Inauguration official swearing-in ceremony at the Naval Observatory on Sunday, January 20, 2013 in Washington. The oath is administered by US Supreme Court Justice Sonia Sotomayor. (AP Photo/Saul Loeb, AFP)

Vice President Joe Biden takes the oath of office during the 57th Presidential Inauguration official swearing-in ceremony at the Naval Observatory on Sunday, January 20, 2013 in Washington. The oath is administered by US Supreme Court Justice Sonia Sotomayor as Dr. Jill Biden, right, looks on. (AP Photo/Saul Loeb, Pool)

(AP) ? On the cusp of his second term, President Barack Obama solemnly honored the nation's fallen soldiers Sunday before taking the oath of office in an intimate White House ceremony, a swearing-in ritual he will repeat 24 hours later before a massive crowd at the Capitol.

The day began with a morning swearing-in ceremony for Vice President Joe Biden, who began four more years as the nation's second in command. Biden then joined the president at Arlington National Cemetery for a wreath-laying ceremony on a crisp, sun-splashed January day.

Obama and Biden jointly placed a large wreath, adorned with red, white and blue ribbon, in front of Arlington's Tomb of the Unknowns. Placing their hands over their hearts, the two leaders stood solemnly as a bugler played "Taps."

From there, Obama joined his family at a church service in downtown Washington celebrating his inauguration as well as Martin Luther King Jr. Day. The president's public swearing-in on Monday coincides with the national holiday marking the fallen civil rights leader's birthday, and Obama has invoked King's memory throughout the lead-up to the inauguration.

The Rev. Jonathan V. Newton, an assistant pastor at Metropolitan African Methodist Episcopal Church, prayed for God to prepare Obama for battle, "because sometimes enemies insist on doing it the hard way."

Sunday's centerpiece would be Obama's late morning swearing-in for a second term in office. Only a small group of family members was expected to attend Obama's Sunday swearing-in, including first lady Michelle Obama and daughters Malia and Sasha. A few reporters would also be on hand to witness the event.

Biden was surrounded by family and friends for his brief swearing-in at the Naval Observatory, his official residence in northwest Washington. Justice Sonia Sotomayor, appointed by Obama as the first Hispanic to serve on the Supreme Court, administered the oath of office to Biden, who placed his hand on a Bible his family has used since 1893.

"I will support and defend the Constitution of the United States," Biden said as he recited the oath.

Among the 120 guests on hand to witness the vice president's second swearing-in were Attorney General Eric Holder, departing Interior Secretary Ken Salazar and several Democratic lawmakers.

Sunday's subdued ceremonies are a function of the calendar and of the Constitution, which says presidents automatically begin their new terms at noon on Jan. 20. Because that date fell this year on a Sunday ? a day on which inaugural ceremonies historically are not held ? organizers scheduled a second, public swearing-in for Monday.

A crowd of up to 800,000 people is expected to gather on the National Mall to witness that event, which will take place on the Capitol's red, white and blue bunting-draped west front. Supreme Court Chief Justice John Roberts, who famously flubbed the oath of office that Obama took in 2009, was to swear the president in both days.

Once the celebrations are over, Obama will plunge into a second-term agenda still dominated by the economy, which slowly churned out of recession during his first four years in office. The president will also try to cement his legacy with sweeping domestic changes, pledging to achieve both an immigration overhaul and stricter gun laws despite opposition from a divided Congress.

But for one weekend at least, Washington was putting politics aside. Obama called the nation's inaugural traditions "a symbol of how our democracy works and how we peacefully transfer power."

"But it should also be an affirmation that we're all in this together," he said Saturday as he opened a weekend of inaugural activities at a Washington elementary school.

Obama was to take the oath of office shortly before noon in the White House Blue Room, an oval space with majestic views of the South Lawn and the Washington Monument.

The room, named for the color of the drapes, upholstery and carpet, primarily has been a reception room as well as the site of the only presidential wedding in the White House, when President Grover Cleveland married Frances Folsom in 1886.

Obama and Biden were to address supporters Sunday evening at an inaugural reception.

The president planned to save his most expansive remarks for Monday's inaugural address to the crowd gathered on the Mall and millions more watching across the country and around the world. Obama started working on the speech in early December and was still tinkering with it into the weekend, aides said.

The president's address will set the stage for the policy objectives he seeks to achieve in his second term, including speeding up the economic recovery, passing comprehensive immigration and gun control measures and ending the war in Afghanistan. Aides said Obama would save the specifics of those agenda items for his Feb. 12 State of the Union address.

Local officials were busy touching up Washington for the hundreds of thousands of guests arriving for Monday's swearing-in. Work crews were trimming overgrown grass and trash from walkways along city underpasses, erecting first aid tents and setting up traffic detours. Swarms of tourists roamed city streets easily on Sunday ahead of the pedestrian gridlock sure to come with Monday's full inaugural program.

The president launched a weekend of inaugural activities Saturday by heading up a National Day of Service. Along with his family, Obama helped hundreds of volunteers spruce up a Washington area elementary school.

Obama wore rubber gloves, picked up a paint brush and helped volunteers stain a bookshelf.

Obama added the service event to the inaugural schedule in 2009 and is hoping it becomes a tradition followed for future presidents.

Mrs. Obama, speaking to volunteers Sunday, espoused the importance of giving back in the midst of the weekend of pomp, circumstance and celebration.

"The reason why we're here, why we're standing here, why we're able to celebrate this weekend is because a lot of people worked hard and supported us, and we've got a job to do, and this is a symbol of the kind of work that we need to be doing the next four years," Michelle Obama said at Burrville Elementary.

___

Associated Press writers Matthew Daly, Darlene Superville and Nancy Benac contributed to this report.

___

Follow Julie Pace at http://twitter.com/jpaceDC

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-01-20-Obama-Inauguration/id-d4affd60ea75412ea96c5682a4c35edf

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Stroke Survivors Tattler: Saturday News - Games to Develop Your ...


Games to Develop Your Brain:?
? ? 1 - CogniFit: Dr. Shlomo Breznitz?
? ? 2 - Marbles: ?the Brain Store



Shlomo Breznitz From Wikipedia, the free encyclopedia

Shlomo Breznitz (Hebrew: ???? ??????, born 3 August 1936) is an Israeli author, psychologist, former professor of psychology, former rector and president of the University of Haifa, and previous member of the Knesset. He is currently the president and founder of Cognifit, a brain fitness software company.

Biography

Breznitz was born in Bratislava in Czechoslovakia (today Slovakia). During the Holocaust he and his sister were hidden in a Roman Catholic orphanage, an experience detailed in his memoirs, "Memory Fields". His father was killed in Auschwitz, but his mother survived and they made aliyah to Israel in 1949. He studied psychology at the Hebrew University of Jerusalem, gaining a BA in 1960, an MA in 1962 and a PhD in 1965, the first person to receive a doctorate in the new field of psychology in Israel.

From 1969 until 1971, Breznitz served as a consultant to the Israeli Air Force on problems of stress. He was the founding director of the Ray D. Wolfe Center for Study of Psychological Stress at the University of Haifa in 1979. Breznitz also has served as the Lady Davis Professor of Psychology and was the visiting professor at the London School of Economics, Berkeley, Stanford, National Institutes of Health and Rockefeller University. He has also been a visiting scientist at the National Institute of Mental Health in Washington D.C..

He has written seven books and has contributed chapters to over 20 other books in addition to numerous professional articles and research reports. In 1999 he retired from Haifa University to found brain fitness software company, Cognifit. He has been in the forefront of cognitive training using a personal computer and has developed patented technology that turns the personal computer into a tool for providing individualized training programs for a wide range of cognitive skills needed for everyday function and cognitive skills specific to particular fields of interest.

After Ehud Olmert, a personal friend, convinced him to enter politics, Breznitz was elected to the Knesset on the Kadima list in 2006, the first Slovak to become an MK. However, he retired from politics and left the Knesset on 8 October 2007.

CogniFit's Program

See how CogniFit can help you to discover and improve yourself and your quality of life through cognitive training and brain fitness.

The cognitive assessment and platform train specific brain abilities around attention & focus, perception, motor control and memory. CogniFit offers a large variety of targeting applications that train people on specific aspects such as their memory, dyslexia, ADHD, stroke, driving or even their golf game.

CogniFit' scientifically validated, patented brain fitness program is personalized to each user to help them enhance their cognitive performance, get a sharper brain and a healthy mind.

CogniFit can also help train people who show symptoms of Mild Cognitive Impairment (MCI), a precursor of Alzheimer's disease. www.cognifit.com.

CogniFit Brain Training on CBS

Find out how brain training can help you exercise your brain memory, concentration and many other cognitive skills.

CogniFit Brain Fitness is a revolutionary technology that lets you explore your brain, assess your cognitive skills, train the abilities that are important to you and gives you an efficient mind training.

Train Your Brain With Cognifit Brain Training Programs

(SSTattler: The interview has lots of noise; skip-it if it is annoying).

Dr. Karen Oates President/CEO of the Mental Health Association of Rockland County discusses how the Cognifit brain training fitness programs and the 'Smart Brain, Strong Brain, Fit Brain" program help people train their brains as they age.

Keeping Your Mind Sharp with CogniFit

Dated 2009. CogniFit is releasing a new brain fitness online program to keep your mind fit, called CogniFit Personal Coach. The program, which is meant for Baby Boomers to grandparents can improve cognitive skills by up to 40 percent!

Shlomo Breznitz at The Villages - Part 1

Dr. Breznitz went to the Villages, a town of 80,000 residents over the age of 55 years old, to share the benefits of brain training and CogniFit.

Shlomo Breznitz at The Villages - Part 2


Shlomo Breznitz at The Villages - Part 3



About Marbles: the Brain Store


We?re a one-of-a-kind retail store with a smart collection of hand-picked, expert-tested, certifiably fun ways to a healthier brain for all ages. The best part? Our stores are designed to let you roll up your sleeves and get a little brainy while you play games, solve puzzles, try out software and flip through books to find the right products for you and your noggin. Our team is chock-full of smart, outgoing people who are passionate about learning new things and creating a fun, interactive environment where customers can reach their brain?s fullest potential.

Where We Started

Our CEO Lindsay Gaskins and her brainy teammates started Marbles: The Brain Store with the simple idea of finding the best brain games out there and putting them all in one place. Not just products for aging baby boomers concerned about memory loss and victims of brain disorders like stroke, Alzheimer?s, dementia and ADHD. But also products for anyone who wanted to improve focus and attention, enhance creativity, become better multi-taskers and get the most out of the smartest supercomputer out there: the brain.

Our idea was supported by some pretty compelling research and mind-boggling advances in the field of neuroplasticity. So we went for it ? opening a kiosk in May of 2008, one of the deepest parts of the recession and probably not the brightest time to start a new retail store. People thought we had lost our minds. To the contrary, we had just found them.

We failed miserably. Which we?re not ashamed to admit. Hey, failure breeds success, right? The idea was great. The products were great. The experience?not so great. But customers loved the concept so we opened our first store in downtown Chicago in October 2008. This time, we got the experience right. With a bigger space, customers could actually play with every product. Our staff had to play with every product, too, in order to field questions from our brainy customers. The response was phenomenal so we opened three more Chicagoland stores in 2009, four more stores in the midwest in 2010, and now 10 more stores across the east coast in 2011. The rest, they say, is history. Albeit a short one. Which means we?re just getting started.

Where We're Going


Our goal is to bring the smartest and most engaging selection of brain training products to as many people as possible. So we?re not shy about saying we?d like to be a national retail operation within the next five to 10 years. But, we want to do it right so we?re very thoughtful and smart about our growth opportunities.

Stroke

Because stroke affects different functional areas of the brain, there is no single recommended treatment plan for stroke. Instead, doctors and therapists of various disciplines must work together to create an appropriate rehabilitation plan to match each individual stroke victim's needs. This may involve speech therapy, physical therapy, nutrition counseling, mental health treatment, and more.

After a stroke, mental and physical capabilities are regained through the brain's ability to change, or neuroplasticity. This means that a person who loses a particular function due to stroke must work very hard and in a targeted manner to retrain their brain and regain that function.

Board games are an excellent way to target the different sections of the brain and help a recovering stroke victim regain their prior abilities. With practice, a stroke survivor can strengthen neural connections for the lost functions and regain some or all of their prior abilities.

A Small Sample of Hundreds of Games at Marbles the Brain Store:?

? ? ? ? Critical Thinking, Memory, Coordination, Visual Perception, Word Skills

Critical Thinking - Brainware Safari

"As an educational psychologist and parent, I have never seen a program that offers the different activities that BrainWare offers. " - Educational Psychologist

Memory - Dakim Brain Fitness

"The cutting edge of cognitive stimulation... " - Gary Small, Professor of Psychiatry and Biobehavioral Sciences, Director of the UCLA Center on Aging

Coordination - Perpetual Commotion

"Test your attention to detail and quick thinking as you apply the game rules to the cards you have."

Visual Perception - InSight Brain Training

"By improving the speed and accuracy in which the brain processes information, this program improves all areas of cognitive function."

Word Skills - MindSpring Software

"A quicker, stronger brain can change your life: more confidence, a better job, a longer and healthy life."

Source: http://www.stroke-survivors.org/2013/01/saturday-news-games-to-develop-your.html

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Sunday, January 20, 2013

MasterCard opens EMV tech to US debit networks, hopes to spur adoption

MasterCard opens up its EMV tech to other US debit networks, helps spur adoption

After almost sixteen years of trying to encourage EMV adoption in the US, MasterCard has hit upon a potential reason why it's not catching on: its closed, proprietary standard. But that's changing today, with the financial giant announcing it's making some of its circuit card tech open to other US debit networks instead of waiting on them to come up with their own solution. An alternative to magnetic strips, EMV claims to provide more secure payments thanks to the use of cryptographic algorithms and user-specific PINs, but hasn't captured much interest outside of Europe and Asia. Perhaps in opening the standard, MasterCard and crew will spur its adoption stateside and thus garner more EMV followers. Of course, it has to catch on before NFC replaces cards entirely, rendering the issue moot.

Show full PR text

MasterCard Strengthens Commitment to Make U.S. EMV Migration Easier

Opens Proprietary, Market-Ready Debit Solution to Speed Industry Adoption

PURCHASE, N.Y.--(BUSINESS WIRE)--MasterCard today announced it is making some of the company's proprietary technology solutions available to other U.S. debit networks. This decision was made to provide an option to support debit EMV transactions and reinforce the company's continued support of the U.S. migration to the EMV standard.

"By making our EMV solution available today, debit networks, merchants, acquirers and processors can take advantage of a market-ready solution currently in place. This will allow financial institutions to begin issuing EMV cards across their portfolios immediately, rather than waiting for a new solution to be developed."
In opening this technology standard, MasterCard will allow acquirers to brand transactions originating from the Maestro AID (application identifier) for all debit networks within the United States.

"We felt it was important to take this step for the greater good of the future of U.S. payments," said Chris McWilton, president, North America, MasterCard. "By making our EMV solution available today, debit networks, merchants, acquirers and processors can take advantage of a market-ready solution currently in place. This will allow financial institutions to begin issuing EMV cards across their portfolios immediately, rather than waiting for a new solution to be developed."

Today's announcement is the latest in a series of decisions by MasterCard to advance the future of electronic payments in the U.S. With the availability of this technology, issuers will be able to simplify their EMV implementation and enabling chip entry with potentially lower costs. At the same time, as merchants and their acquirers map out their terminal plans, they will be able to further optimize their investments, simplify their certification processes and choose their routing of debit transactions.

"We have spoken extensively with the EMV Migration Forum and other groups about the need to cooperate and find a common way to support debit transactions," said Jane Cloninger, director, Edgar, Dunn & Company. "Based on our experience around the globe, this announcement is a good step to continue the momentum of the U.S. market's migration toward EMV. We applaud MasterCard for taking a leadership position in this turning point for the industry."

Additional details around the implementation of the Maestro AID will be made available to all parties involved in the coming weeks.

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Comments

Source: MasterCard

Source: http://www.engadget.com/2013/01/20/mastercard-opens-emv/

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Wednesday, January 16, 2013

Video: Preview: ?Trouble in Paradise?

Dateline NBC

'Dateline NBC,' the signature broadcast for NBC News in primetime, premiered in 1992. Since then, it has been pioneering a new approach to primetime news programming. The multi-night franchise, supplemented by frequent specials, allows NBC to consistently and comprehensively present the highest-quality reporting, investigative features, breaking news coverage and newsmaker profiles.

Source: http://www.msnbc.msn.com/id/3032600/vp/50475125#50475125

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Tablet shipments in 2013 could be lower than previously expected

Tablet Shipments 2013iPad mini

It has been suggested that tablet shipments could surpass notebooks in 2013, however recent reports contradict those estimates. Tablet shipments were expected to reach 240 million units worldwide this year, topping notebook PC shipments of 207 million. Digitimes reports?a more realistic number with shipments of tablets hanging around 180 million units, an increase from 130 million units in 2012. Apple?s (AAPL) iPad is expected to continue its dominance in the 10-inch tablet market, while Android tablets such as the Nexus 7 will prevail in the 7-inch sector. Sales of the iPad mini?are?estimated to grow substantially, however, helping it chip away at Android?s lead. Meanwhile, shipments of tablets from Google (GOOG) and Amazon (AMZN) are expected to top 10 million units in 2013, while Samsung (005930) could double its shipments to 30 million units.

[More from BGR: PlayStation 4 and Xbox 720 could cost just $350, expected to launch this fall]

This article was originally published on BGR.com

Source: http://news.yahoo.com/tablet-shipments-2013-could-lower-previously-expected-010218745.html

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Tuesday, January 15, 2013

Neon lights up exploding stars

Jan. 15, 2013 ? An international team of nuclear astrophysicists has shed new light on the explosive stellar events known as novae.

These dramatic explosions are driven by nuclear processes and make previously unseen stars visible for a short time. The team of scientists measured the nuclear structure of the radioactive neon produced through this process in unprecedented detail.

Their findings, reported in the journal Physical Review Letters, show there is much less uncertainty in how quickly one of the key nuclear reactions will occur as well as in the final abundance of radioactive isotopes than has previously been suggested.

Led by the University of York, UK, and Universitat Polit?cnica de Catalunya and the Institut d'Estudis Espacials de Catalunya, Spain, the findings will help with the interpretation of future data from gamma ray observing satellites.

While large stars end their lives with spectacular explosions called supernovae, smaller stars, known as white dwarf stars, sometimes experience smaller, but still dramatic explosions called novae. The brightest nova explosions are visible to the naked eye.

A nova occurs when a white dwarf is close enough to a companion star to drag matter -- mostly hydrogen and helium -- from the outer layers of that star onto itself, building up an envelope. When enough material has accumulated on the surface, a burst of nuclear fusion occurs, causing the white dwarf to brighten and expel the remaining material. Within a few days to months, the glow subsides. The phenomenon is expected to recur after typically 10,000 to 100,000 years.

Traditionally novae are observed in the visible and nearby wavelengths, but this emission only shows up about a week after the explosion and therefore only gives partial information on the event.

Dr Alison Laird, from the University of York's Department of Physics, said: "The explosion is fundamentally driven by nuclear processes. The radiation related to the decay of isotopes -- in particular that from an isotope of fluorine -- is actively being sought by current and future gamma ray observing satellite missions as it provides direct insight into the explosion.

"However, to be interpreted correctly, the nuclear reaction rates involved in the production of the fluorine isotope must be known. We have demonstrated that previous assumptions about key nuclear properties are incorrect and have improved our knowledge of the nuclear reaction pathway."

The experimental work was carried out at the Maier-Leibnitz Laboratory in Garching, Germany, and scientists from the University of Edinburgh played a key role in the interpretation of the data. The study also involved scientists from Canada and the United States.

Dr Anuj Parikh, from the Departament de Fisica i Enginyeria Nuclear at the Universitat Polit?cnica de Catalunya, said: "The observation of gamma-rays from novae would help to better determine exactly what chemical elements are synthesized in these astrophysical explosions. In this work, details required to calculate the production of the key radioactive fluorine isotope have been measured precisely. This will allow more detailed investigation of the processes and reactions behind the nova."

This work is part of an ongoing programme of research studying how the elements are synthesised in stars and stellar explosions.

The UK researchers received funding from the Science Technology Funding Council (STFC), and the project received further support from the Spanish MICINN, the EU Feder funds and ESF EUROCORES Program EuroGENESIS.

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Story Source:

The above story is reprinted from materials provided by University of York.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. A. M. Laird, A. Parikh, A. St. J. Murphy, K. Wimmer, A. A. Chen, C. M. Deibel, T. Faestermann, S. P. Fox, B. R. Fulton, R. Hertenberger, D. Irvine, J. Jos?, R. Longland, D. J. Mountford, B. Sambrook, D. Seiler, and H.-F. Wirth. Is \gamma-ray emission from novae affected by interference effects in the 18F(p,\alpha)15O reaction? Physical Review Letters, 2013 [link]

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_science/~3/05k35xHnizc/130115085527.htm

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Address by President Herman Van Rompuy to the Young People's event at the Bibliotheca Alexandrina in cooperation with the Anna Lindh Foundation

Sorry, Readability was unable to parse this page for content.

Source: http://www.consilium.europa.eu//uedocs/cms_data/docs/pressdata/en/ec/134666.pdf

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What's a Creative Writing Program Good For? | Talking Writing

On Making the Pilgrimage to Iowa City?or Not

We Wanted to be Writers: Life, Love, and Literature at the Iowa Writers? Workshop book cover

?


We Wanted to be Writers: Life, Love, and Literature at the Iowa Writers? Workshop by Eric Olsen and Glenn Schaeffer (Skyhorse Publishing, 2011, 320 pages, $16.95 paperback).


?

Let?s set aside for a moment that clunky old conundrum: Can writing be taught?

We know what the detractors say. Here?s the opening salvo in an otherwise judicious and nuanced piece by the New Yorker?s prized essayist (and unpublished ex-poet) Louis Menand:

Creative-writing programs are designed on the theory that students who have never published a poem can teach other students who have never published a poem how to write a publishable poem.?

More positively, the strategically repositioned website of the Iowa Workshop?the Harvard/MIT/Wharton School of writing programs?unabashedly trumpets ?our conviction that writing cannot be taught but that writers can be encouraged.?

It?s still not the most ringing endorsement of the proposition. If even the prestigious Iowa Workshop backs away from hyping its success rate, what are we to make of the plethora of degree-granting creative writing programs (more than 800, by my count) that have spread their tendrils across the land?

Are they good for anything? And does Iowa offer more benefits and privileges than its competitors, offshoots, and clones?

?If you throw a lot of talented folks together in one place and give them the freedom to work and play together, not always nicely but nicely often enough, good things are going to happen,? argues Eric Olsen, coauthor of We Wanted to Be Writers, a book that celebrates the Iowa program. ?But then this is the case for every workshop class, not just ours.?

True enough. He?s also talking about Irvine, Austin, Las Vegas, San Francisco, and anywhere else offering the basics: dedicated students, not-incompetent teaching, and an ethos of relentless hard work. This book really isn?t about the pros and cons of Iowa itself?at least, not in the revealing ways some readers might want to hear. But the snappy reminiscences and smart, short essays framing each chapter make plain what transpires?or should?within any artistic hothouse where desire meets opportunity.

If I could suggest an alternative and completely unworkable subtitle:

Everything You Should Know About Any Halfway Decent Writing Program
or
What to Expect When You?re Expecting to Fork Over Thousands for Your MFA

Undramatic as that sounds, the answers in We Wanted to Be Writers may surprise you, even thrill you, if you?re a working writer. As Joy Harjo recalls:

Poetry basically took me captive, took pity on me. Poetry basically told me: You don?t know how to listen, you need to learn how to speak, you need to learn grace, and you?re coming with me.?

?

A Who?s Who of Iowa Grads

Authors Eric Olsen and Glenn Schaeffer attended the Iowa Workshop in the mid-1970s. Olsen, the author of six nonfiction books and a former Time Warner magazine editor, got his MFA in 1977. Schaeffer graduated in the same year, spent three decades as a Las Vegas gaming industry executive, and now is the principal owner of a Hollywood literary agency.

Olsen and Schaeffer began their long friendship at the Workshop. In 2000, they founded a literary think tank, now part of the Black Mountain Institute, to ?support writers from around the world whose voices are muffled by persecution or censorship.? That?s according to the website for BrightCity Books, another venture Olsen and Schaeffer cofounded (with Dave Hickey) in 2006.

(Disclosure: I know Eric Olsen?not from Iowa, where I?ve yet to set foot, but within the small-town writers? circles in the San Francisco Bay Area.)

Sandra Cisneros @ Ray Santisteban

Sandra Cisneros ? Ray Santisteban

Over the course of 300-plus pages, Olsen and Schaeffer thresh through the recollections of the Class of ?77 (plus some overlap in either direction) to document the Iowa experience. Beyond chronicling the exploits of their era, they delve into the whys and wherefores of authorial persistence: What propels young writers forward with momentum that lasts?

?Few could point to a moment when they had become, inescapably, a writer,? acknowledges Olsen in his introduction to an early chapter on the writerly urge. ?It was more often a drawn-out process of being attracted to the notion and gradually being sucked in.?

He and Schaeffer set forth the insights and gripes of 31 Iowa writers (4 of them faculty members) in meaty paragraphs and page-long musings. Among the classmates they interviewed: T.C. Boyle, Sandra Cisneros, Jennie Fields, Allan Gurganus, Jane Smiley, Michelle Huneven, Jayne Anne Phillips, Douglas Unger?and TV script writer Robin Green, whose combined audience for 22 episodes of The Sopranos and 25 Northern Exposures must surely dwarf the readerships of every other graduate of the Iowa Workshop?maybe every page-making graduate emitted by workshops everywhere and for all time.

What drew students in the first place turns out to be a very mixed bag. Journalist Mindy Pennybacker says:

I applied to Iowa because I adored Flannery O?Connor, and because Columbia never ever responded to my application, and because my mother, who, ahem, got pregnant with me while attending the University of Iowa as an undergrad, took a class at the Workshop from Paul Engle. Her fellow students included Donald Justice, with whom she and my dad played poker and smoked and drank, and all this, of course, crossed the umbilical cord.?

It?s the insider stuff about the better-known writers that will attract many readers. Jane Smiley studied Old Norse as a nascent medievalist on her way to writing her novel The Greenlanders. Sandra Cisneros?s family affixed to their dartboard a photograph of Vice President Spiro Agnew.

The poet Marvin Bell, who served on Iowa?s faculty for forty years, counted among his former students ?a movie star?a pool hustler, two Zen monks, two professional basketball players, and a former assassin.?

Mindy Pennybacker: Photo by Don Wallace

Mindy Pennybacker ? Don Wallace

By encouraging these famous and lesser-so graduates to look back (in occasional anger, but mostly fondness), the book traces a common trajectory across seven chapters organized around themes like the compulsion to write and techniques for keeping the work going. The ex-Iowans talk about their predictable childhood infatuation with words and stories, then move on to early scribblings, dutiful study, obsession, production, and the rewards of a literary career.

Or not. The remunerations of poetry, playwriting, and literary fiction being what they are, many grads opted for occupations with deeper pockets: law, high-tech, business?even university teaching, where steadyish employment and benefits trump most book advances and royalty checks.

Indeed, Kurt Vonnegut, an occasional Iowa instructor, declared that among the Workshop?s students ?virtually everybody?s going to fail. If you ran a school of pharmacy like that it would be a scandal.?

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?I Didn?t Know What the Hell I Was Doing There?

Surely, most students don?t confuse their MFAs with a license to publish. But what does failure or success mean in terms of learning to write within the context of the world?s most famous writing program? Doesn?t the glow of Iowa cast an aura around early work that would have otherwise gone unnoticed?

Might it not attract the phototactic flutter of the editorial and agentry elite?

On this question, We Wanted to Be Writers is largely silent, although a number of writers aver that wherever the action might have been at Iowa, it always seemed to involve somebody other than them. Harjo admits:

I struggled with a chasm of loneliness. The workshop culture was a foreign culture to me. I felt I was an outsider, but I wasn?t the only one. We were all struggling with ourselves in that place and time, which I learned only many years after the fact, when comparing notes with other former students. Even those I had perceived as the insiders carried similar struggles and doubts.?

News of this struggle may or may not cheer those with a chip on their shoulders about the Workshop?s pedigree and enduring reputation??big fat target that it is,? as Olsen puts it. In truth, one of the book?s many charms is the graduates? admission of Workshop limitations. Here?s T.C. Boyle:

When I was a student, we didn?t know how to handle ourselves. I certainly didn?t know what the hell I was doing there. I didn?t have the vocabulary for talking about other peoples? work. None of us did. The students now are light years ahead of where we were then. Some of the teachers are, too.?

Personally, I can?t fathom why anybody would bother to bristle about the advantages conferred or denied by one grad program or another when there?s the state of publishing, bookstores, dwindling library expenditures, and Amazon to set one?s teeth against.

Back in the 1980s, I attended San Francisco State?s creative writing program (along with TW editors Martha Nichols, Karen Ohlson, and Carol Dorf, by the way). I don?t recall anybody?student or faculty?whinging over their rotten luck to be living in the City by the Bay rather than east-central Iowa. Nor did we worry that it would make much difference when it came to quixotically dedicating our future years to advancing our narrative skills.

?Writing a book is a horrible, exhausting struggle, like a long bout of some painful illness,? admitted George Orwell in his 1946 essay ?Why I Write,? a sobering statement. ?One would never undertake such a thing if one were not driven on by some demon whom one can neither resist nor understand.?

Joy Harjo: Photo by Karen Kuehn

Joy Harjo ? Karen Kuehn

The devilishness of authorial drive gets thoroughly examined in We Wanted to Be Writers, though there?s scant romantic pessimism about the writer?s troubled lot. No hand wringing or beery sobs to suggest that writing is anything other than a privilege to pursue as a vocation or avocation?particularly in comparison with the world?s generous allotment of wearying, unrecognized work.

More than a few graduates do recollect the Workshop?s warts: episodes of cutthroat competition; cruel, incompetent instructors distinguished by their dipsomania; the classroom?s sexual jungle with what Sandra Cisneros describes as ?the sick preying on the na?ve.? As Jennie Fields remembers:

The thing that seemed ridiculously unfair was that there were parties after readings, but they weren?t open to everyone?. Here you were paying to go there, only thirty writers, and they didn?t invite everyone? It smacked of cliquishness that was truly offensive and wrong in every way. Before I left, things changed. But certainly, early on, it wasn?t a very nice world.?

Such a hyperventilated atmosphere may just be the flip side of the program?s exhilarating two-year intensity. It?s a far cry from anything I experienced or perceived in my own dawdling shuffle through graduate school in the company of other day-job part-timers.

But if there?s a pervading sensibility uniting the voices here, it?s the recognition that at Iowa students learned to regard writing as a craft to master, work to be done. An illness if you must. An opportunity if you make it so. These fine writers admit frankly, often humbly, to the knottiness of lifetime learning. For the most fortunate sons and daughters of Iowa, schooling never stops.

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?Gee Willikers, Someday I?ll Be Able to Do This!?

A number of Workshop grads?Boyle, Cisneros, Olsen, Anthony Bukoski, Dennis Mathis?note their working-class upbringings, suggesting that apprenticeship as a writer wasn?t viewed in their families as being any more fanciful or less easily apprehended than professions in law or medicine.

In the broadest spirit, We Wanted to Be Writers speaks beyond the confines of Iowa City in favor of a more generous interpretation of what a writer?s life might entail.

Even the most successful and lengthy careers often contain a residual spark of youthful ardor. Declares Allan Gurganus, who published his first book, the best-selling Oldest Living Confederate Widow Tells All, at 42:

[A]t age sixty, I?m just getting started?. You know, I?ll read Proust or the first one hundred pages of Great Expectations or?The Beast in the Jungle or To the Lighthouse, or Emma, Robinson Crusoe, early Evelyn Waugh, The Importance of Being Earnest, or Life on the Mississippi and I?m still like a fourteen-year-old kid: ?Gee willikers, someday I?ll be able to do this!??

The book?s tell-much attitude lets all manner of cats out of the bag, but the real secrets revealed have to do with plain good teaching.

?You can?t (in my opinion) convert young writers to your method,? explains John Irving, who taught at Iowa on the cusp of his breakout with The World According to Garp, ?or you shouldn?t try; you can illuminate your method in an unpushy way, as a means of getting them to discover what their method is, and how it differs from yours.?

Allan Gurganus: Photo by Eric Olsen

Allan Gurganus ? Eric Olsen

As neat a summation of pedagogical wisdom as one might hope for?though not necessarily endorsed by John Cheever, Gordon Lish, Stanley Elkin, or other famously prickly writers who roosted in Iowa at one time or another.

So, bottom line: What does a dedicated creative writing student gain from two years of concentrated study? We Wanted to Be Writers offers an unambiguous answer: skill, discipline, a habit of productivity, abiding friends, readers.

Here?s what almost certainly won?t materialize: money, fame, and the love of beautiful women. Or men. At least not from the size and shape of your prose. Not for most. Anthony Bukoski, the author of North of the Port and four other story collections, recalls:

I once had a story rejected twenty-seven times. Each time it came back, I made modest changes. Finally, on the twenty-eighth try, the Laurel Review took the story and sent me five dollars as payment, and asked whether I would consider sending the money back to buy a subscription.?

By opting for the long view, covering the inceptive motives and misgivings of thirty writers and teachers?the celebrated and the obscure?We Wanted to Be Writers settles squarely on the stubborn unreasonable delight that lies at the core of learning to write. Finally, this is what makes it such a necessary book.

?One of the secrets in life,? observes Bell, ?is that if you do anything seriously long enough, you get better at it.?

And if you begin by doing it in an environment where sustained effort ranks as a shared commitment?where the figurative and literal lights blaze long into the night, as they seem to have done for these graduates, kindling a spirit of comradeship and the expectation for better books completed one day?then you may count yourself as having made very good use of your time.

Most of these Iowa graduates agree that they had at least a couple of excellent teachers, as I did at San Francisco State, making the time I spent there one of life?s better investments. (Thank you, Michael Rubin and Mary Jane Moffat?wonderful writers, generous teachers, both, alas, gone now.)

?Yes! Say yes to everything!? proclaims Sandra Cisneros, in a flutter of Molly Bloom enthusiasm that might be profitably embossed on the virtual ramparts of the AWP:

What?s the worst mistake a writer can make? Thinking too much. Don?t think?. When you create, say yes?!?

Or as Jayne Anne Phillips admits with the plainness of an honest shrug: ?I just wanted to write, rather than waitress.?

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Fred Setterberg

Fred Setterberg

Fred Setterberg?s most recent book is Lunch Bucket Paradise: A True-Life Novel. One chapter, ?Escape from Frog Island,? appeared in the Jan/Feb 2012 issue of Talking Writing.

While attending San Francisco State University, Fred won the AWP prize in creative nonfiction for his book The Roads Taken: Travels Through America?s Literary Landscapes.

?A long procession of family and friends trail out from the green room, each testifying about my recklessness with the truth, my mendacity. All lies, damn lies. All exaggeration and outright fabrication. Oprah points a righteous finger, drilling directly through my memoirist?s pretentions, my weasel words.? ? ?What?s a True-Life Novel??


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