Showing posts with label World. Show all posts
Showing posts with label World. Show all posts

Wall Street edges off five-year high, awaits earnings

NEW YORK (Reuters) - Stocks lost ground on Monday, as investors drew back from recent gains that lifted the S&P 500 to a five-year high, in anticipation of sluggish growth in corporate profits.


Shares of financial companies dipped after a group of major U.S. banks agreed to pay a total of $8.5 billion to end a government inquiry into faulty mortgage foreclosures. The KBW bank index <.bkx>, a gauge of U.S. bank stocks, was down 0.3 percent.


Other sectors were hit as well, most notably energy and utilities. The S&P 500 energy sector index <.gspe> fell 0.8 percent and the utilities sector <.gspu> was off 1.1 percent.


The day's decline came a session after the S&P 500 finished at a five-year high, boosted by a budget deal and strong economic data. The S&P 500 rose 4.6 percent last week, the best weekly gain in more than a year.


"It's a little bit of taking some risk off the table ahead of profit season, you're not going to see anything all that great" on earnings, said Larry Peruzzi, senior equity trader at Cabrera Capital Markets Inc in Boston.


Earnings are expected to be only slightly better than the third-quarter's lackluster results, and analysts' current estimates are down sharply from where they were in October. Fourth-quarter earnings growth is expected to come in at 2.8 percent, according to Thomson Reuters data.


Aluminum company Alcoa Inc begins the reporting season by announcing its results after Tuesday's market close. Alcoa shares fell 1.7 percent at $9.10.


The Dow Jones industrial average <.dji> dropped 50.92 points, or 0.38 percent, to 13,384.29. The Standard & Poor's 500 Index <.spx> fell 4.58 points, or 0.31 percent, to 1,461.89. The Nasdaq Composite Index <.ixic> lost 2.84 points, or 0.09 percent, to 3,098.81.


Ten mortgage servicers - including Bank of America , Citigroup , JPMorgan , and Wells Fargo - agreed on Monday to pay $8.5 billion to end a case-by-case review of foreclosures required by U.S. regulators.


In a separate case, Bank of America also announced roughly $11.6 billion of settlements with mortgage finance company Fannie Mae and a $1.8 billion sale of collection rights on home loans.


The bank also entered into agreements with Nationstar Mortgage Holdings and Walter Investment Management to sell about $306 billion of residential mortgage servicing rights.


Bank of America shares lost 0.2 percent at $12.09 while Nationstar Mortgage Holdings jumped 16.8 percent to $38.83.


Citigroup shares were up 0.09 percent to $42.47, and Wells Fargo shares fell 0.5 percent to $34.77.


"The financials probably have the wind behind them now with a lot of the regulations coming out ... the market has to absorb a lot of the gains, and for that reason there's a pullback from this level," said Warren West, principal at Greentree Brokerage Services in Philadelphia.


Shares of U.S. jet maker Boeing Co dropped 2 percent after a Boeing 787 Dreamliner aircraft with no passengers on board caught fire at Boston's Logan International Airport on Monday morning.


Amazon.com shares hit their highest price ever at $269.22 after Morgan Stanley raised is rating on the stock. Shares were up 3.6 percent at $268.46.


Video-streaming service Netflix Inc shares gained 3.4 percent to $99.20 after it said it will carry previous seasons of some popular shows produced by Time Warner's Warner Bros Television.


Walt Disney Co stock fell 2.3 percent to $50.97. The company started an internal cost-cutting review several weeks ago that may include layoffs at its studio and other units, three people with knowledge of the effort told Reuters.


Volume was lower than average, as 4.78 billion shares were traded on the New York Stock Exchange, NYSE MKT and Nasdaq. This is well below the 2012 average of 6.42 billion per session.


Declining stocks outnumbered advancing ones on the NYSE by 1,629 to 1,363, while on the Nasdaq decliners beat advancers 1,438 to 1,066.


(Reporting By Gabriel Debenedetti; Editing by Kenneth Barry and Nick Zieminski)



Read More..

Warm winter weather chills natural gas prices






NEW YORK (AP) — Winter officially began only a little more than two weeks ago, but already the mild weather is leading some analysts to scale back their predictions for natural gas prices, just when they might otherwise rise with the season.


Strong U.S. production has held down gas prices, prompting utilities to switch some generation from coal to gas.






Raymond James energy analyst J. Marshall Adkins said Monday that natural gas prices “still look like a train wreck through mid-year.”


Adkins lowered his forecast of average 2013 prices to $ 3.25 per thousand cubic feet of gas, down from an earlier forecast of $ 3.75. That would still be about 45 cents higher than last year, but not enough to be bullish on the stocks — the analyst has no “strong buy” recommendations among exploration and production companies.


“After a mixed 2012, don’t expect big energy stock gains in 2013,” he wrote in a note that also covered oil producers.


Jefferies & Co. cut its first-quarter gas-price call to $ 3.60 from $ 3.75 and raised its prediction for end-of-winter inventory levels.


Jefferies analyst Subash Chandra said the forecasts of more mild weather in January and more competition from hydroelectric power in the West were bearish signs for gas prices and inventories.


Natural gas futures were at $ 3.27 Monday afternoon in New York.


Gas prices could rise before the end of winter, as some weather forecasters see much colder weather later this month for a large swath of the U.S.


In afternoon trading, shares of Chesapeake Energy Corp. rose 20 cents to $ 17.60; Devon Energy Corp. rose 4 cents to $ 54.62; EOG Resources Inc. gained 14 cents to $ 125.94; Apache Corp. fell $ 2.65, or 3.2 percent, to $ 80.55; Anadarko Petroleum Corp. lost 35 cents to $ 77.92; and Exxon Mobil Corp., better known for oil but also a big gas producer, fell $ 1.33 to $ 87.63.


Energy News Headlines – Yahoo! News





Title Post: Warm winter weather chills natural gas prices
Url Post: http://www.news.fluser.com/warm-winter-weather-chills-natural-gas-prices/
Link To Post : Warm winter weather chills natural gas prices
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

"Cliff" concerns give way to earnings focus

NEW YORK (Reuters) - Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week.


Financial results, which begin after the market closes on Tuesday with aluminum company Alcoa , are expected to be only slightly better than the third-quarter's lackluster results. As a warning sign, analyst current estimates are down sharply from what they were in October.


That could set stocks up for more volatility following a week of sharp gains that put the Standard & Poor's 500 index <.spx> on Friday at the highest close since December 31, 2007. The index also registered its biggest weekly percentage gain in more than a year.


Based on a Reuters analysis, Europe ranks among the chief concerns cited by companies that warned on fourth-quarter results. Uncertainty about the region and its weak economic outlook were cited by more than half of the 25 largest S&P 500 companies that issued warnings.


In the most recent earnings conference calls, macroeconomic worries were cited by 10 companies while the U.S. "fiscal cliff" was cited by at least nine as reasons for their earnings warnings.


"The number of things that could go wrong isn't so high, but the magnitude of how wrong they could go is what's worrisome," said Kurt Winters, senior portfolio manager for Whitebox Mutual Funds in Minneapolis.


Negative-to-positive guidance by S&P 500 companies for the fourth quarter was 3.6 to 1, the second worst since the third quarter of 2001, according to Thomson Reuters data.


U.S. lawmakers narrowly averted the "fiscal cliff" by coming to a last-minute agreement on a bill to avoid steep tax hikes this weeks -- driving the rally in stocks -- but the battle over further spending cuts is expected to resume in two months.


Investors also have seen a revival of worries about Europe's sovereign debt problems, with Moody's in November downgrading France's credit rating and debt crises looming for Spain and other countries.


"You have a recession in Europe as a base case. Europe is still the biggest trading partner with a lot of U.S. companies, and it's still a big chunk of global capital spending," said Adam Parker, chief U.S. equity strategist at Morgan Stanley in New York.


Among companies citing worries about Europe was eBay , whose chief financial officer, Bob Swan, spoke of "macro pressures from Europe" in the company's October earnings conference call.


REVENUE WORRIES


One of the biggest worries voiced about earnings has been whether companies will be able to continue to boost profit growth despite relatively weak revenue growth.


S&P 500 revenue fell 0.8 percent in the third quarter for the first decline since the third quarter of 2009, Thomson Reuters data showed. Earnings growth for the quarter was a paltry 0.1 percent after briefly dipping into negative territory.


On top of that, just 40 percent of S&P 500 companies beat revenue expectations in the third quarter, while 64.2 percent beat earnings estimates, the Thomson Reuters data showed.


For the fourth quarter, estimates are slightly better but are well off estimates for the quarter from just a few months earlier. S&P 500 earnings are expected to have risen 2.8 percent while revenue is expected to have gone up 1.9 percent.


Back in October, earnings growth for the fourth quarter was forecast up 9.9 percent.


In spite of the cautious outlooks, some analysts still see a good chance for earnings beats this reporting period.


"The thinking is you need top line growth for earnings to continue to expand, and we've seen the market defy that," said Mike Jackson, founder of Denver-based investment firm T3 Equity Labs.


Based on his analysis, energy, industrials and consumer discretionary are the S&P sectors most likely to beat earnings expectations in the upcoming season, while consumer staples, materials and utilities are the least likely to beat, Jackson said.


Sounding a positive note on Friday, drugmaker Eli Lilly and Co said it expects profit in 2013 to increase by more than Wall Street had been forecasting, primarily due to cost controls and improved productivity.


(Reporting By Caroline Valetkevitch; Editing by Kenneth Barry)



Read More..

Weather disrupts Shell efforts to free Alaska oil rig






ANCHORAGE, Alaska (Reuters) – The U.S. Coast Guard and Shell were making fresh preparations on Sunday to tow a grounded Alaska oil rig, saying crews would keep trying to connect a tow line after rough weather prevented their efforts all Saturday.


According to a news release from the unified grounding response team, the aim, once the conditions are right, is to tow the rig to a sheltered bay nearby so experts can make a better assessment of its sea worthiness.






Officials have declined to speculate on the exact timing of the removal of the Kulluk from the rocky coast of tiny Sitkalidak Island, though a senior Shell executive said last week he believed it was a matter of days.


The fortunes of the grounded drillship, which started a well in the Beaufort Sea late last year, face particular scrutiny because it was a key part of Royal Dutch Shell‘s controversial and error-prone 2012 Arctic drilling program.


Sean Churchfield, Shell’s Alaska ventures manager, said salvage teams have found no signs of breaches to any of the Kulluk’s fuel tanks and only one area where seawater leaked onboard. A tow plan has been approved by government regulators.


“According to naval architects, the vessel is sound and fit to tow,” Churchfield said at a news conference late on Saturday.


All that is left, said Coast Guard Captain Paul Mehler, is to await the right combination of tides and weather, as well as equipment that still needs to be delivered.


“We want to get this off as soon as we can. And we’re looking at the best tides, the best opportunities,” Mehler said. “As I stand here today, we don’t have it all.”


The Kulluk went aground in a Gulf of Alaska storm on December 31 after the ship towing it lost power and its tow connection in the Kodiak archipelago – far from where it began a well in September and October. The rig was headed for maintenance near Seattle.


The removal plan is to pull the Kulluk about 30 miles to Kiliuda Bay, a site previously designated as a refuge for disabled vessels. Whether it continues on for its maintenance work will be determined after the assessment, Churchfield said.


The rig has about 155,000 gallons of diesel fuel and other petroleum products aboard, none of which has spilled, state environmental regulators said.


The Aiviq, the vessel that lost power and its tow connection to the Kulluk a week ago, is the ship designated to tow it to safe refuge. An investigation into its failures is not yet complete, Churchfield said.


Alaska environmentalist Rick Steiner questioned Shell’s reliance on the Aiviq, and believed all the problems with the Kulluk and its other contracted drillship, the Noble Corp-owned Discoverer, would preclude any drilling this year. “The 2013 season is on the rocks in Kodiak with the Kulluk,” he said.


Shell officials in Alaska have so far declined to comment on the upcoming Arctic drilling season.


Prior to the Kulluk accident, Shell’s main problem in Alaska was the Discoverer, which was assigned to Chukchi Sea work.


The Discoverer failed to meet federal air standards, which prompted Shell in June to ask the Environmental Protection Agency for a permit with looser limits for air pollution. In September, the ship dragged its anchor in the Aleutian port of Dutch Harbor and nearly grounded on the beach there.


After completing a truncated 2012 drill season in the Chukchi, the Discoverer was temporarily detained by the Coast Guard in the port of Seward, Alaska. The Coast Guard cited numerous safety and environmental-systems deficiencies, which Shell and Noble vowed to fix before the summer season began.


(Reporting by Yereth Rosen; Editing by Braden Reddall and Tim Dobbyn)


Weather News Headlines – Yahoo! News





Title Post: Weather disrupts Shell efforts to free Alaska oil rig
Url Post: http://www.news.fluser.com/weather-disrupts-shell-efforts-to-free-alaska-oil-rig/
Link To Post : Weather disrupts Shell efforts to free Alaska oil rig
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

"Cliff" concerns give way to earnings focus

NEW YORK (Reuters) - Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week.


Financial results, which begin after the market closes on Tuesday with aluminum company Alcoa , are expected to be only slightly better than the third-quarter's lackluster results. As a warning sign, analyst current estimates are down sharply from what they were in October.


That could set stocks up for more volatility following a week of sharp gains that put the Standard & Poor's 500 index <.spx> on Friday at the highest close since December 31, 2007. The index also registered its biggest weekly percentage gain in more than a year.


Based on a Reuters analysis, Europe ranks among the chief concerns cited by companies that warned on fourth-quarter results. Uncertainty about the region and its weak economic outlook were cited by more than half of the 25 largest S&P 500 companies that issued warnings.


In the most recent earnings conference calls, macroeconomic worries were cited by 10 companies while the U.S. "fiscal cliff" was cited by at least nine as reasons for their earnings warnings.


"The number of things that could go wrong isn't so high, but the magnitude of how wrong they could go is what's worrisome," said Kurt Winters, senior portfolio manager for Whitebox Mutual Funds in Minneapolis.


Negative-to-positive guidance by S&P 500 companies for the fourth quarter was 3.6 to 1, the second worst since the third quarter of 2001, according to Thomson Reuters data.


U.S. lawmakers narrowly averted the "fiscal cliff" by coming to a last-minute agreement on a bill to avoid steep tax hikes this weeks -- driving the rally in stocks -- but the battle over further spending cuts is expected to resume in two months.


Investors also have seen a revival of worries about Europe's sovereign debt problems, with Moody's in November downgrading France's credit rating and debt crises looming for Spain and other countries.


"You have a recession in Europe as a base case. Europe is still the biggest trading partner with a lot of U.S. companies, and it's still a big chunk of global capital spending," said Adam Parker, chief U.S. equity strategist at Morgan Stanley in New York.


Among companies citing worries about Europe was eBay , whose chief financial officer, Bob Swan, spoke of "macro pressures from Europe" in the company's October earnings conference call.


REVENUE WORRIES


One of the biggest worries voiced about earnings has been whether companies will be able to continue to boost profit growth despite relatively weak revenue growth.


S&P 500 revenue fell 0.8 percent in the third quarter for the first decline since the third quarter of 2009, Thomson Reuters data showed. Earnings growth for the quarter was a paltry 0.1 percent after briefly dipping into negative territory.


On top of that, just 40 percent of S&P 500 companies beat revenue expectations in the third quarter, while 64.2 percent beat earnings estimates, the Thomson Reuters data showed.


For the fourth quarter, estimates are slightly better but are well off estimates for the quarter from just a few months earlier. S&P 500 earnings are expected to have risen 2.8 percent while revenue is expected to have gone up 1.9 percent.


Back in October, earnings growth for the fourth quarter was forecast up 9.9 percent.


In spite of the cautious outlooks, some analysts still see a good chance for earnings beats this reporting period.


"The thinking is you need top line growth for earnings to continue to expand, and we've seen the market defy that," said Mike Jackson, founder of Denver-based investment firm T3 Equity Labs.


Based on his analysis, energy, industrials and consumer discretionary are the S&P sectors most likely to beat earnings expectations in the upcoming season, while consumer staples, materials and utilities are the least likely to beat, Jackson said.


Sounding a positive note on Friday, drugmaker Eli Lilly and Co said it expects profit in 2013 to increase by more than Wall Street had been forecasting, primarily due to cost controls and improved productivity.


(Reporting By Caroline Valetkevitch; Editing by Kenneth Barry)



Read More..

Here, Bella! Top Pet Names for 2012






Move over, Rover, there’s a new top dog in town, and her name is Bella. For 2012, the “Twilight Saga”-inspired moniker was the most popular for dogs and second-most popular for cats, according to a survey by one veterinary organization. For dogs, Max took second place.


The survey gathered names of 2.5 million dogs and cats at the Banfield Pet Hospital, a veterinary network in Portland, Ore.






The top names resemble those from years past, said Laura Wattenberg, a baby-name expert and the creator of babynamewizard.com


“Max in particular has been the top name for male dogs for a number of years now,” Wattenberg told LiveScience. 


Cuddly fur babies


In general, pets have been given much more humanlike names over the past generation, Wattenberg said. That reflects a change in society, in which owners see their fur babies more as family members than animals, she said. [What Your Dog's Breed Says About You]


The names people choose for their pets also reflect a sweet, nostalgic innocence.


“There’s a particular slice of human names that have risen for baby names as well, but they’re particularly popular for pets. That’s the cute, cuddly names of the early 20th century.”


These names, such as Max and Lucy, tend to crop up frequently as heroes or heroines in kids’ picture books, Wattenberg said. For instance, the hero in “Where the Wild Things Are” was named Max. These names may reflect how people see their pets.


“They’re like children who never have to grow up,” she said.


Old and new


Pop-culture trends also influenced the popularity of pet names found in the survey. Aside from the top-ranked Bella, Katniss also saw wide use, becoming 18 times more popular for dogs and 14 times more popular for cats, compared with 2011, following the release of the “Hunger Games” in March.  Reality TV stars also got their due, with Honey Boo Boo (a 6-year-old beauty pageant star of “Here Comes Honey Boo Boo“) and Purrfect (the name of Cee Lo Green’s cat on “The Voice”) rising in the ranks.


Still, for dog and cat names alike, familiar can still win out over hip. Perennial favorites like Max and Buddy took the second and third slots for dogs, while the perhaps unimaginative Kitty was the most popular name for cats.


Cats vs. dogs


Interestingly, more humanlike names, such as Charlie or Lucy, were popular for dogs, while unisex monikers like Smokey, Shadow and Tigger describing physical traits like color ranked high for felines in 2012.


That may reflect how much people project a human role onto their pets. For instance, one study showed that animals kept in the house are more likely to get human names, Wattenberg said.


“You could infer from this that people feel a little bit more attached or feel like they have a more personal relationship with their dogs,” she said. “Obviously cat lovers will howl at that, but that’s what the names say.”


In general, pet names overlapped very little with baby names. While the trend toward nostalgic, 20th century names carried over from baby naming trends, formal names ruled for human tots. But cuddly, affectionate nicknames took precedence for pets. From the list of pet names, only Chloe made the list of most popular girl names in 2011.


For instance, pet names like Coco or Rocky are more intensely retro than Ava or Jacob (which are more likely to be given to babies). That suggests, as a society, “we’re more willing to push the style to the extreme with pets and maybe even live out the naming fantasies that we wouldn’t quite be able to give to our children,” Wattenberg said.


Here are the top ten names for dogs and cats in order of more to less popular:


Top Dog Names:


  1. Bella

  2. Max

  3. Buddy

  4. Daisy

  5. Bailey

  6. Coco

  7. Lucy

  8. Charlie

  9. Molly

  10. Rocky

Top Cat Names:


  1. Kitty

  2. Bella

  3. Tiger

  4. Max

  5. Smokey

  6. Shadow

  7. Tigger

  8. Lucy

  9. Chloe

  10. Charlie

Follow LiveScience on Twitter @livescience. We’re also on Facebook & Google+


Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Science News Headlines – Yahoo! News





Title Post: Here, Bella! Top Pet Names for 2012
Url Post: http://www.news.fluser.com/here-bella-top-pet-names-for-2012/
Link To Post : Here, Bella! Top Pet Names for 2012
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

S&P 500 finishes at 5-year high on economic data

NEW YORK (Reuters) - The benchmark Standard & Poor's 500 index ended at a five-year high on Friday, lifted by reports showing employers kept up a steady pace of hiring workers and the vast services sector expanded at a brisk rate.


The gains on the S&P 500 pushed the index to its highest close since December 2007 and its biggest weekly gain since December 2011.


Most of the gains came early in the holiday-shortened week, including the largest one-day rise for the index in more than a year on Wednesday after politicians struck a deal to avert the "fiscal cliff."


The Dow Jones industrial average <.dji> gained 43.85 points, or 0.33 percent, to 13,435.21. The Standard & Poor's 500 Index <.spx> rose 7.10 points, or 0.49 percent, to 1,466.47. The Nasdaq Composite Index <.ixic> edged up 1.09 points, or 0.04 percent, to 3,101.66.


For the week, the S&P gained 4.6 percent, the Dow rose 3.8 percent and the Nasdaq jumped 4.8 percent to post their largest weekly percentage gains in more than a year.


The CBOE Volatility index <.vix>, a measure of investor anxiety, dropped for a fourth straight session, giving the index a weekly decline of nearly 40 percent, its biggest weekly fall ever. The close of 13.83 on the VIX marks its lowest level since August.


In Friday's economic reports, the Labor Department said non-farm payrolls grew by 155,000 jobs last month, slightly below November's level. Gains were distributed broadly throughout the economy, from manufacturing and construction to healthcare.


Also serving to boost equities was data from the Institute for Supply Management showing U.S. service sector activity expanding the most in 10 months.


With the S&P 500 index at a five-year closing high, analysts said any gains above the index's intraday high near 1,475 in September may be harder to come by.


"We are getting to a point where we need a strong catalyst, which could be earnings, it could be three months of good economic data, it could be a variety of things," said Adam Thurgood, managing director at HighTower Advisors in Las Vegas, Nevada.


"What is going on right now is this conflicting view of fundamentals look pretty good and improving, and then you've got these negative tail risks that could blow everything up," Thurgood said.


He referred to "a fiscal superstorm brewing" of issues still left unresolved in Washington, including tough federal budget cuts and the need to raise the government's debt ceiling all within a couple of months.


The rise in payrolls shown by the jobs data did not make a dent in the U.S. unemployment rate still at 7.8 percent.


A Reuters poll on Friday of economists at Wall Street's top financial institutions showed that most expect the Fed in 2013 to end the program with which it bought Treasury debt in an effort to stimulate the economy.


A drop in Apple Inc shares of 2.6 percent to $528.36 kept pressure on the Nasdaq.


Adding to concerns about Apple's ability to produce more innovative products, rival Samsung Electronics Co Ltd is expected to widen its lead over Apple in global smartphone sales this year with growth of 35 percent. Market researcher Strategy Analytics said Samsung had a broad product lineup.


Eli Lilly and Co was among the biggest boost's to the S&P, up 3.7 percent to $51.56 after the pharmaceuticals maker said it expects its 2013 earnings to increase to $3.75 to $3.90 per share, excluding items, from $3.30 to $3.40 per share in 2012.


Fellow drugmaker Johnson & Johnson rose 1.2 percent to $71.55 after Deutsche Bank upgraded the Dow component to a "Buy" from a "Hold" rating. The NYSEArca pharmaceutical index <.drg> climbed 0.6 percent.


Shares of Mosaic Co gained 3.3 percent to $58.62. Excluding items, the fertilizer producer's quarterly earnings beat analysts' expectations, according to Thomson Reuters I/B/E/S.


Volume was modest with about 6.07 billion shares traded on the New York Stock Exchange, NYSE MKT and Nasdaq, slightly below the 2012 daily average of 6.42 billion.


Advancing stocks outnumbered declining ones on the NYSE by 2,287 to 701, while on the Nasdaq, advancers beat decliners 1,599 to 866.


(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski and Kenneth Barry)



Read More..

Gore under fire from conservatives, Jewish leaders, for selling to Al-Jazeera






WASHINGTON – American conservatives and Jewish leaders are up in arms over former vice-president Al Gore‘s sale of Current TV to Al-Jazeera, accusing the noted climate change activist of everything from hypocrisy to lining his pockets with cash from anti-Americans.


Right-wing radio host Rush Limbaugh has been at the forefront of the attacks, pointing out that Gore sold his pet cable network to an Arab news giant owned by the royal family of oil-rich Qatar, an OPEC regime.






He also asked if some of the female hosts on the left-leaning cable news network, including Joy Behar and Jennifer Granholme, will “now have to wear burkas and veils over their faces?”


Fox News personality Bill O’Reilly piled on, maligning Gore for selling to the “anti-American” Al-Jazeera before the Jan. 1 hike in the U.S. capital gains tax.


“This is really stunning,” O’Reilly said this week. “A former vice president selling his far-left cable network to anti-Americans, then trying to jam the deal to avoid higher taxes.”


O’Reilly called Gore a “hypocrite,” pointing to the one-time Democratic presidential nominee’s assertions in a November interview that people “like me should pay our fair share.”


Gore reportedly decided in December to sell Current to Al-Jazeera for US$ 500 million, pocketing an estimated $ 100 million personally in the sale. He had previously turned down an offer from the right-wing The Blaze network, rebuffing its owner, conservative pundit Glenn Beck, because of his politics.


American Jewish leaders are also expressing concern that Al-Jazeera could gain access to tens of millions of American homes via the Current TV deal. They accuse the network of anti-Israeli coverage and supporting extremist Islamic regimes.


“Al-Jazeera has a troubling record and history that is very disturbing, particularly in its Arabic language broadcasts,” said Abe Foxman, head of the Anti-Defamation League, said in a statement from the organization on Friday.


“It has exploited and exaggerated the Arab-Israel conflict in a heavy-handed and propagandistic manner, and always at the expense of Israel, while giving all manner of virulent anti-Israel and even anti-Semitic extremists access to its airwaves.”


Malcolm Hoenlein, executive vice chairman of the Conference of Presidents, agreed.


“Their general coverage has served to destabilize regimes and favour some of the more extremist elements in the Arab world,” he said.


Al-Jazeera has fought to gain a foothold in the U.S. market because of the refusal of many American cable providers to carry it. Time Warner, the second-largest cable company in the U.S., dropped Current TV after the sale to Al-Jazeera was confirmed earlier this week.


The news network is readily available on most major Canadian cable providers, including Rogers and Bell, after Ottawa approved the channel for distribution three years ago.


Americans turned on Al-Jazeera following the terrorist attacks of Sept. 11, 2001, when it gave al-Qaida mastermind Osama bin Laden a broadcasting platform. But in recent years, it’s earned praise from some U.S. officials, in particular Secretary of State Hillary Clinton, who lauded its coverage of the so-called Arab Spring.


The brouhaha about Gore’s sale to the network comes as the Republican party confronts anti-Muslim sentiment among some of its lawmakers. The soul-searching follows last November’s presidential election, when three of the party’s most vocal anti-Muslim legislators were defeated.


Even anti-tax crusader Grover Norquist, a hard-right conservative on fiscal issues, has acknowledged the need for the party to evolve in terms of attitudes towards Muslims.


“They have gotten a bit of bad odour,” Norquist recently told Mother Jones magazine.


The tipping point appears to have come in July, when Minnesota congresswoman Michele Bachmann and four colleagues suggested the State Department had been infiltrated by the Muslim Brotherhood thanks to Huma Abedin, a respected aide and longtime friend to Hillary Clinton.


John Boehner, speaker of the House of Representatives, and Sen. John McCain were among the prominent Republicans who assailed Bachmann for her allegations.


Weather News Headlines – Yahoo! News




Read More..

Fed minutes short-circuit Wall Street rally

NEW YORK (Reuters) - U.S. stocks dipped on Thursday after signs the Federal Reserve has growing concern about its highly stimulative monetary policy, giving investors reason to pull back after a two-day rally.


The minutes from the Fed's December policy meeting, released on Thursday, showed increasing reticence about adding to the central bank's $2.9 trillion balance sheet, which it expanded sharply in response to the financial crisis and recession of 2007-2009.


Some policymakers thought asset buying should be slowed or stopped before the end of 2013 while others highlighted the need for further stimulus. The Fed's policy of easy credit has helped push the S&P 500 to a 13.4 percent gain in 2012. Ending that policy would remove an incentive for investors to purchase riskier assets like stocks.


"The surprise was the changes to duration and extent of that program in 2013, but given the tone in previous Fed meeting minutes, it should not have been an entire surprise," said Fred Dickson, chief market strategist at D.A. Davidson & Co. in Lake Oswego, Oregon.


Despite the concerns about the effects of its asset purchases, the Fed look set to continue its open-ended stimulus program for now.


Stocks pushed the S&P 500 index 4.3 percent higher in the previous two sessions. On Thursday investors turned their focus to coming battles in Congress, including the likelihood of bitter fights over budget cuts and raising the federal debt ceiling.


"We were definitely technically extended and ripe for a little bit of a consolidation and today is very orderly - traders and investors are still trying to digest the language and the details from the 2012 taxpayer act," Dickson said.


The Dow Jones industrial average <.dji> dropped 21.19 points, or 0.16 percent, to 13,391.36. The Standard & Poor's 500 Index <.spx> shed 3.05 points, or 0.21 percent, to 1,459.37. The Nasdaq Composite Index <.ixic> lost 11.70 points, or 0.38 percent, to 3,100.57.


Economic data showed U.S. private-sector employers shrugged off a looming budget crisis and stepped up hiring in December, offering further evidence of underlying strength in the economy as 2012 ended.


The government's broader monthly payrolls report, due on Friday, is expected to show the economy created 150,000 jobs compared with 146,000 in November, according to a Reuters poll. The U.S. unemployment rate is seen holding steady at 7.7 percent.


Retailers advanced after several major companies in the sector beat expectations of modest sales increases in December, with the S&P retail index <.spxrt> up 0.4 percent.


Shares in Costco Wholesale Corp rose 1 percent to $102.49 after the company reported a better-than-expected 9 percent rise in December sales at stores open at least a year.


Gap Inc stock climbed 2.3 percent to $32.09 following news that the retailer will buy women's fashion boutique Intermix Inc, the Wall Street Journal reported.


Family Dollar Stores Inc stumbled 13 percent to $55.74 on the company's report of lower-than-expected quarterly profit.


Volume was relatively strong, with about 6.68 billion shares traded on the New York Stock Exchange, NYSE MKT and Nasdaq, slightly above the 2012 daily average of 6.42 billion.


Advancing stocks outnumbered declining ones on the NYSE by 1,692 to 1,321, while on the Nasdaq, decliners beat advancers 1,287 to 1,187.


(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)



Read More..

Lawsuit alleges horses mistreated on HBO’s ‘Luck’






LOS ANGELES (AP) — Several of the horses used on HBO‘s canceled series “Luck” were drugged, underweight and sick during production, an animal rights worker who oversaw conditions on the show alleges in a lawsuit.


Barbara Casey‘s suit filed Monday says she was wrongfully fired from her post at the American Humane Association after complaining about the conditions horses faced on the show, which was canceled after a series of high-profile animal deaths.






The suit claims four horses died during the show’s production, not three as previously reported. Horses were “often drugged to perform,” and “underweight and sick horses unsuited for work were routinely used” by producers, her lawsuit alleges.


Casey is suing HBO, which has repeatedly denied abusing horses on the show, and the humane association. The association declined to comment, citing the pending lawsuit.


“We took every precaution to ensure that our horses were treated humanely and with the utmost care, exceeding every safeguard of all protocols and guidelines required of the production,” HBO wrote in a statement.


Casey’s suit states she urged the humane association to report HBO and producers to authorities for possible animal-cruelty criminal charges.


The association “bowed to political and financial pressure and refused to report the production defendants’ conduct to the authorities,” the lawsuit states.


Casey served as director of the association’s Film and Television Unit, which oversees animal welfare and often allows a notice to be attached to the end of films and television shows that says no animals were harmed during production. The nonprofit association‘s film- and TV-monitoring efforts are paid for through entertainment industry grants, according to the lawsuit.


HBO canceled “Luck,” starring Dustin Hoffman, in March 2012 after three horse deaths were reported during production. Casey claims a fourth horse, named Hometrader, was killed in summer 2011 but its demise wasn’t documented because it occurred during a hiatus in filming.


The final horse that died during the series’ production had been examined by a California Horse Racing Board veterinarian shortly before it suffered a head injury while being led by a groomer to a stable.


By that point, the humane association and the People for the Ethical Treatment of Animals had both been critical of the show’s safety record and praised its cancellation.


Casey’s lawsuit seeks unspecified damages.


Animal and Pets News Headlines – Yahoo! News





Title Post: Lawsuit alleges horses mistreated on HBO’s ‘Luck’
Url Post: http://www.news.fluser.com/lawsuit-alleges-horses-mistreated-on-hbos-luck/
Link To Post : Lawsuit alleges horses mistreated on HBO’s ‘Luck’
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Wall Street starts new year with a bang after "cliff" deal

NEW YORK (Reuters) - Stocks kicked off the new year with their best day in over a year on Wednesday, sparked by relief over a last-minute deal in Washington to avert the "fiscal cliff" of tax hikes and spending cuts that threatened to derail the economy's growth.


In 2013's first trading session, the S&P 500 achieved its biggest one-day gain since December 20, 2011, pushing the benchmark index to its highest close since September 14.


Concerns over Washington's ability to sidestep the cliff had driven the S&P 500 down for five straight sessions, before signs that a resolution was near sent the benchmark index higher on the final trading session of 2012.


The CBOE Volatility Index or the VIX <.vix>, Wall Street's favorite gauge of investor anxiety, dropped 18.5 percent to 14.68 at the close. The VIX has fallen 35.4 percent over the past two sessions, the biggest 2-day percentage drop in the history of the index.


The Dow Jones industrial average <.dji> jumped 308.41 points, or 2.35 percent, to 13,412.55 at the close. The Standard & Poor's 500 Index <.spx> gained 36.23 points, or 2.54 percent, to finish at 1,462.42. The Nasdaq Composite Index <.ixic> climbed 92.75 points, or 3.07 percent, to end at 3,112.26.


U.S. markets were closed on Tuesday for New Year's Day.


Market breadth reflected the strong rally, with 10 stocks rising for every one that fell on the New York Stock Exchange. All 10 of the S&P 500 industry sector indexes gained at least 1 percent. The S&P financial index <.gspf> shot up 2.9 percent.


The S&P Information Technology index <.gspt> gained 3.2 percent, including Hewlett-Packard , which climbed 5.4 percent to $15.02. HP's gain followed a miserable 2012 when the stock fell nearly 45 percent as one of the S&P 500's worst performers for 2012.


On Tuesday, Congress passed a bill to prevent huge tax hikes and delay spending cuts that would have pushed the world's largest economy off a "fiscal cliff" and possibly into recession.


The vote avoided steep income-tax increases for a majority of Americans, but failed to resolve a major showdown over cutting the budget deficit, leaving investors and businesses with only limited clarity about the outlook for the economy. Spending cuts of $109 billion in military and domestic programs were temporarily delayed, and another fight over raising the U.S. debt limit also looms.


"We got through the fiscal cliff. The next big thing, and probably more contentious thing, is negotiating the debt ceiling and possibly entitlement reform in early 2013," said Jim Russell, senior equity strategist for U.S. Bank Wealth Management in Cincinnati.


Hard choices about budget cuts and the critical need to raise the debt ceiling will confront Congress about the same time in two months "so the fur will be flying," Russell said.


U.S. stocks ended 2012 with the S&P 500 up 13.4 percent for the year, as investors largely shrugged off worries about the fiscal cliff. For the year, the Dow gained 7.3 percent and the Nasdaq jumped 15.9 percent.


Bank shares rose following news that U.S. regulators are close to securing another multibillion-dollar settlement with the largest banks to resolve allegations that they unlawfully cut corners when foreclosing on delinquent borrowers.


Bank of America Corp rose 3.7 percent to $12.03 and Citigroup Inc gained 4.3 percent to $41.25. The KBW bank index <.bkx> rose 3.2 percent.


Shares of Zipcar Inc surged 47.8 percent to $12.18 after Avis Budget Group Inc said it would buy Zipcar for about $500 million in cash to compete with larger rivals Hertz and Enterprise Holdings Inc. Avis advanced 4.8 percent to $20.77.


Shares of Apple rose 3.2 percent to $549.03, helping to lift the S&P information technology index <.gspt> up 3.2 percent following a report that the most valuable tech company has started testing a new iPhone and a new version of its iOS software.


Economic data from the Institute for Supply Management showed U.S. manufacturing ended 2012 on an upswing despite fears about the fiscal cliff, but the Commerce Department reported that construction spending fell in November for the first time in eight months.


Volume was heavy, with about 7.8 billion shares traded on the New York Stock Exchange, the NYSE MKT and the Nasdaq, well above the 2012 daily average of 6.42 billion.


(Reporting by Chuck Mikolajczak; Editing by Jan Paschal)



Read More..

Kicked Off Facebook, Kid Creates Own Social Network






If you can’t join it, create your own.


That’s the attitude one Florida preteen ran with after his parents banned him from using Facebook. Instead of begging or slamming doors when his account was deactivated, the 11-year-old launched his own social network tailored specifically to children.






Grom Social founder Zachary Marks had a Facebook account for roughly a week despite being two years too young to join the site, having lied about his age to create an account. And when his parents discovered that he may have been engaging in risky online activities, they pulled the plug.


“I spent all my time on the computer chatting with friends. Then, I made mistakes,” Marks explained on the Grom Social About page. “One of my adult friends cursed and posted something inappropriate, and I cursed back. Also, I friend-requested grownups who I did not know. About a day later, my dad found out. He was really mad. I had to deactivate my account.”


Marks said he wasn’t interested in any existing, kid-friendly, social networks — “They were all childish,” he said — so he set out to create one for “Groms,” a slang term for young surfers that he repurposed to mean something close to “precocious kid.”


In order to keep kid members safe, only parents and parent-approved adults can join Grom Social. Parents of kid members are kept up to date on their youngster’s online activities via email. The site also has a built-in language filter to keep the expletives from flying straight into kids’ virgin eyes.


Grom Social is also compliant with COPPA, the Children’s Online Privacy Protection Act, a controversial law aimed at keeping kids safe online that some argue is ineffective and unconstitutionally limits children’s First Amendment rights.


Under COPPA, websites, apps and plug-ins are not allowed to collect information from children less than 13 years old without their parent’s express consent. The burden of verification, however, simply isn’t worth it to most mainstream social networks, including Facebook, Twitter, Tumblr and Foursquare, so they ban members under 13.


To date, Grom Social has almost 7,000 members and is open to users under 15 in the United States and Canada.


This story was provided by TechNewsDaily, a sister site to LiveScience.


Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Science News Headlines – Yahoo! News





Title Post: Kicked Off Facebook, Kid Creates Own Social Network
Url Post: http://www.news.fluser.com/kicked-off-facebook-kid-creates-own-social-network/
Link To Post : Kicked Off Facebook, Kid Creates Own Social Network
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

House Republicans balk at "fiscal cliff" deal


WASHINGTON (Reuters) - Last-minute efforts to step back from the "fiscal cliff" ran into trouble on Tuesday as Republicans in the House of Representatives balked at a deal that would prevent Washington from pushing the world's biggest economy into a recession.


House Republicans complained that a bill passed by the Senate in a late-night show of unity to prevent a budget crisis contained tax hikes for the wealthiest Americans but no spending cuts. Some conservatives sought to change the bill to add cuts.


That would set up a high-stakes showdown between the two chambers and risk a stinging rebuke from financial markets that are due to open in Asia in a few hours.


The Senate would refuse to accept any changes to the bill, a Senate aide said, and it appeared increasingly possible that Congress could push the country over the fiscal cliff after all, despite months of effort.


Strictly speaking, the United States went over the cliff in the first minutes of the New Year because Congress failed to produce legislation to halt $600 billion of tax hikes and spending cuts that start kicking in on January 1.


But with financial markets and federal government offices closed for the New Year's Day holiday, lawmakers had a little more time to work out a compromise without real-world consequences.


The Senate bill drew overwhelming support from Republicans and Democrats alike when it passed by a vote of 89 to 8.


But Republicans who control the House expressed wide dismay with the measure, which includes only $12 billion in spending cuts along with $620 billion in tax increases on top earners.


Majority Leader Eric Cantor, the No. 2 Republican in the House, told reporters after huddling with other Republicans that he does not support the Senate's bill.


"The lack of spending cuts in the Senate bill was a universal concern amongst members in today's meeting. Conversations with members will continue throughout the afternoon on the path forward," said Cantor spokesman Rory Cooper.


Republicans returned for a second meeting at 5:15 p.m. EST (2215 GMT).


Republicans could face a backlash if they scuttle the deal. Income tax rates rose back to 1990s levels for all Americans at midnight, and across-the-board spending cuts on defense and domestic programs would begin to kick in on Wednesday.


Economists say the combination of tax cuts and spending cuts could cause the economy to shrink, and public opinion polls show Republicans would shoulder the blame.


MARKET DISCIPLINE?


Lingering uncertainty over U.S. fiscal policy has unnerved investors and depressed business activity for months.


Financial markets have staved off a steep plunge on the assumption that Washington would ultimately avoid pushing the country off the fiscal cliff into a recession.


Several Republicans said the fight could spill over until Wednesday, at which point they could be pressured by financial markets to accept the Senate bill.


"Everyone knows once the markets open tomorrow our courage drops in direct proportion to the market fall," said one Republican lawmaker who spoke on condition of anonymity.


The bill passed by the Democratic-led Senate at around 2 a.m. would raise income taxes on families earning more than $450,000 per year and limit the amount of deductions they can take to lower their tax bill.


Low temporary rates that have been in place for less-affluent taxpayers for the past decade would be made permanent, along with a range of targeted tax breaks put in place to fight the 2009 economic downturn.


However, workers would see up to $2,000 more taken out of their paychecks annually as a temporary payroll tax cut was set to expire.


The non-partisan Congressional Budget Office said the Senate bill would increase budget deficits by nearly $4 trillion over the coming 10 years, compared to the budget savings that would occur if the extreme measures of the cliff were to kick in.


But the bill would actually save $650 billion during that time period when measured against the tax and spending policies that were in effect on Monday, according to the Committee for a Responsible Federal Budget, an independent group that has pushed for more aggressive deficit savings.


(Additional reporting by Richard Cowan; Writing by Andy Sullivan; Editing by Alistair Bell and Eric Beech)



Read More..

Europe Tackling Big Space Projects in 2013






LONDON — The European Space Agency has some ambitious resolutions for the New Year. The year 2013 will include the agency’s first spaceflight for its newest class of astronauts, the launch of its latest robot cargo ship Albert Einstein, and the development of new rockets and spacecraft, including a reusable space plane and work on NASA’s new Orion spacecraft.


January and February should see agreements and contracts signed for the new rockets, Ariane 5 Mid-Life Evolution (ME) and Ariane 6, and for ESA’s participation in NASA’sOrion space capsule. ESA is providing the service module for the Orion capsule, which NASA plans to use to fly astronauts on future deep-space missions.  






With deadlines in 2014 for the rocket work, and 2017 for an unmanned Orion test flight, ESA officials know 2013 will see lots of activity right from the start.


“The Orion service module funding has been approved, so now the usual work process starts. I think [the NASA-ESA agreement signing] is in January. It should be rather early from what I’ve heard, it is something to be done towards the beginning of the year,” Franco Bonacina, spokesman for ESA’s director-general, Jean-Jacques Dordain, told SPACE.com. [Meet the European Space Agency (Video)]


Powerhouse for NASA’s Orion


ESA will provide one service module for Orion’s 2017 test launch. The module’s preliminary design review, or PDR, is planned for July 2013. The PDR is a major milestone for spaceflight projects, allowing managers to check a spacecraft’s design progress.


The ESA service module’s previous review, the system design review, occurred in September 2012, and the next major design review is not until 2015. The service module will provide propulsion, avionics, heat control and energy from solar arrays. It will also store water, oxygen and nitrogen for life support.


ESA’s Orion module is being delivered as an in-kind contribution for International Space Station (ISS) operations, for the period 2017 to 2020. The module is expected to cost ESA several hundred million dollars.


Europe’s new rockets


Before the Orion work shifts into gear, a pair of two-year studies is due to begin at the start of 2013 for the agency’s Ariane 5ME and Ariane 6 rockets. This is so ESA can make a decision about the future of its launchers in late 2014.


Operated by the company Arianespace, the workhorse Ariane 5 rocket launches ESA missions and commercial satellites. The rocket launches from the South American territory of French Guiana and is able to launch two spacecraft at a time. It first flew in 1997 and can launch up to 22,000 pounds (10,000 kilograms) into orbit.


The new Ariane 5 version, the Ariane 5ME, has already been in development for many years and it had been planned to be operational from 2016. It will be the same height, excluding the nose cone, and weight as its predecessor, but will be able launch an additional 2,540 pounds (1152 kg) of payload, with a maximum payload of 24,640 pounds (11,176 kg) for geostationary orbits.


The Ariane 5ME will use a new upper stage and rocket engine, the Vinci, and has a larger nose cone. If approved in 2014, the Ariane 5ME could be operational towards the end of this decade.


However, ESA has concluded that it needs a simpler rocket that can launch more frequently with only one payload onboard. This is the planned Ariane 6, which was originally called Next Generation Launcher (NGL).


The Ariane 6 rocket has been the subject of numerous studies that have evaluated NGL versions that either only have solid rocket motors or only liquid fuel engines. According to Bonacina, for Ariane 6, the two year studies will determine, “what shape and configuration it will have and what kind of money will be needed over what timeframe”. Neither Ariane 5ME nor Ariane 6 will launch astronauts.


A decision on Ariane 6 was supposed to take place in 2012, but disagreement between France and Germany, the largest ESA budget contributors, saw a compromise. France was in favor of Ariane 6, while Germany wanted Ariane 5ME to go ahead.


“It was a heavy compromise between Germany and France. They all had their interesting points of view and a solution has been found,” Bonacina said. “The good thing is that Ariane 6 has started and Ariane 5ME continues in parallel.”


In April of this year, ESA expects to hit two rocket milestones. They include second launch of its latest rocket, Vega, which uses solid rocket motors for its first, second and upper stages. The Vega rocket will launch the Earth observation satellite, Proba-V. The V in Proba-V stands for vegetation because the satellite will monitor the Earth’s plant life. [Europe’s Vega Rocket 1st Launch (Photos)]


Then in mid or late April, the latest version of the Ariane 5 — the Ariane 5 ES — is due make its next launch. The Ariane 5 ES has an upper stage whose engine can reignite. This allows it to launch ESA’s robotic Automated Transfer Vehicle cargo ships.


Europe’s ATV spacecraft deliver supplies to the International Space Station and propellant to raise the station’s orbit when needed. The ATV to be launched in April, called Albert Einstein, will be the fourth ESA’s five planned ATV missions to the space station.


Satellites galore


Europe’s other launches in the second half of 2013 include satellites for the European Union’s space-based navigation system, Galileo. The Galileo satellites will be launched by a Russian Soyuz 2 rocket from the Soyuz launch site in French Guiana.


Also launched in the latter half of 2013 by Soyuz rockets will be ESA’s Gaia mission and the Sentinel-1A satellite. The Gaia spacecraft will operate beyond the Moon, over 600,000 miles (965,606 kilometers) from Earth, and its goal is to create the largest and most precise three-dimensional map of the galaxy.


The Sentinel-1A is a polar orbit satellite that uses synthetic aperture radar. It is the first dedicated satellite for the Global Monitoring for Environment and Security constellation, a joint venture between ESA and the European Union. A constellation of two satellites, GMES’ Sentinel-1B is expected to launch in 2015.


An Ariane 5 will also launch Alphasat this year. This high bandwidth telecommunications satellite will provide commercial services and test various communications technologies including lasers.


Europe’s astronauts and robot arm


In May, a Russian Soyuz spacecraft will launch ESA’s Italian born astronaut Luca Parmitano from Baikonur Cosmodrome in Kazakhstan. Parmitano is launching on a six-month mission to the International Space Station and is slated to return to Earth in November.


Parmitano was selected to join ESA’s astronaut corps in May 2009 as one of six candidates. The five others hailed from France, Germany, Italy, Denmark and the United Kingdom. Of those, Parmitano is the first bound for the space station.


The 35-year old former Italian Air Force test pilot will be a flight engineer on the station crew. While Albert Einstein and Parmitano are headed to the orbiting laboratory in 2013, a new robotic arm for the orbiting laboratory will likely slip to 2014.


The station’s new European Robotic Arm, or ERA, will launch on a Proton rocket from Baikonur Cosmodrome, ESA’s ERA will be attached to Russia’s multipurpose laboratory module.


The robotic arm consists of two end-effectors, two wrists, two limbs and one elbow joint, together with electronics and cameras. Both end-effectors act as either a hand or the base from which it can operate. ERA will be used in the assembly and servicing of the Russian segment of the station, and its infrared cameras will allow it to carry out inspections of the station’s exterior.


The arm will also be able to transport astronauts, like a cherry picker crane, from one external location to another. This saves time and effort during spacewalk activities. ERA is also compatible with the new Russian airlock, so it can transfer small payloads between the station’s interior and the vacuum of space quickly. This will also reduce the crew’s space walk set-up time and allow ERA to work with astronauts outside the station.


Space plane under development


Like ERA, ESA’s space plane prototype, the Intermediate Experimental Vehicle (IXV), was to have been launched in 2013. It will now fly on ESA’s Vega rocket in 2014. The IXV vehicle is designed to test re-entry technologies during a suborbital flight launching from French Guiana and splashing down in the Pacific Ocean using parachutes.


ESA has now approved funds for IXV’s possible follow-on, Innovative Space Vehicle (ISV), under the Program for Reusable In-orbit Demonstrator in Europe.


The ISV would be Europe’s civilian equivalent of the U.S. Air Force’s unmanned X-37B Orbital Test Vehicle, a robotic miniature space shuttle that has flown on three missions since 2010. The unmanned European space plane would be much smaller than the Air Force vehicle, however.


Giorgio Tumino, IXV program manager told SPACE.com: “We did not get all what we asked, but enough to go ahead and keep the planning.”


Follow SPACE.com @Spacedotcom. We’re also on Facebook and Google+.


Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Space and Astronomy News Headlines – Yahoo! News





Title Post: Europe Tackling Big Space Projects in 2013
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Wall Street ends 2012 riding high on "cliff" deal optimism

NEW YORK (Reuters) - U.S. stocks closed out 2012 with their strongest day in more than a month, putting the S&P 500 up 13.4 percent for the year, as lawmakers in Washington closed in on a resolution to the "fiscal cliff" negotiations.


The S&P 500's gain for the year marks its best performance since 2009, as stocks navigated through debt crises in Europe and the United States that dominated the headlines. Still, with numerous issues involving budget talks unresolved, markets could still be open to a shock should the deal break down unexpectedly.


Fittingly, in the last session of the year, stocks bounced back and forth on the headlines out of Washington, as both President Barack Obama and Republican Senate leader Mitch McConnell issued statements indicating a deal to avert the cliff was close.


"The worst news could have been the president coming out and saying, 'We don't have a deal and we've giving up,' and he didn't say that," said Ron Florance, managing director of investment strategy for Wells Fargo Private Bank, based in Scottsdale, Arizona.


"My personal skepticism, I don't trust anything out of Washington until it is signed, sealed and delivered, and it is not signed, sealed and delivered."


While a deal on the cliff is not yet official, investors may be ready to take on more risk next year in hopes of a greater reward.


McConnell said an agreement had been reached with Democrats on all of the tax issues in the potential deal, removing a large hurdle in the talks. An agreement is needed in order to avert a combination of tax hikes and spending cuts that many believe could push the U.S. economy into recession.


A source familiar with the matter said an emerging deal, if adopted by Congress and President Barack Obama, would raise $600 billion in revenue over the next 10 years by increasing tax rates for individuals making more than $400,000 and households earning above $450,000 annually.


Despite the uncertainty, the market encountered only occasional bouts of volatility this year. For the first time since 2006, the CBOE Volatility Index or VIX <.vix>, the market's favored indicator of anxiety, did not surpass the 30 level, a threshold that usually signals heightened worry among investors.


"Given all the threats in 2012, the VIX was relatively tranquil," said Bill Luby, the author of the VIX and More blog in San Francisco, citing the crises in Spain and Greece, along with constant intervention from the Federal Reserve.


The Dow Jones industrial average <.dji> gained 166.03 points, or 1.28 percent, to end at 13,104.14. The Standard & Poor's 500 Index <.spx> gained 23.76 points, or 1.69 percent, to finish at 1,426.19. The Nasdaq Composite Index <.ixic> gained 59.20 points, or 2.00 percent, to close at 3,019.51.


Monday's gains enabled the S&P 500 to snap a five-day losing streak, its longest skid since September.


The S&P 500 closed out 2012 with a 13.4 percent gain for the year, compared with a flat performance in 2011. The Dow rose 7.3 percent in 2012 and the Nasdaq climbed 15.9 percent.


Financials <.gspf> were the strongest of the S&P's 10 industry sectors this year, gaining more than 26 percent, led by Bank of America , which more than doubled in 2012, and was the best performer of the Dow industrials.


Of the S&P's 10 sectors, only defensively oriented utilities <.gspu> ended the year lower, falling 2.9 percent.


Gains in Apple Inc , the most valuable U.S. company, helped lift the Nasdaq. The stock rose 4.4 percent to $532.17, lifting the S&P information technology sector index <.gspt> up 2.2 percent. For the year, Apple rose 31.4 percent, ending with a market value of about $501.4 billion.


Each of the Dow's 30 components finished the session in positive territory, led by a 3.2 percent climb in Caterpillar Inc to $89.58.


Volume was modest, with about 6.06 billion shares traded on the New York Stock Exchange, the Nasdaq and the NYSE MKT, slightly below the daily average of 6.42 billion.


Advancing stocks outnumbered declining ones on the NYSE by a ratio of 6 to 1, while on the Nasdaq, four stocks rose for every one that fell.


(Reporting by Chuck Mikolajczak; Editing by Jan Paschal)



Read More..

Pill Color Matters to Patients






Brand-name drugs come in distinct colors, but their generic equivalents often come in different colors, depending upon the manufacturer. And that may affect whether or not a person takes the medication, according to a pilot study.


Researchers at Brigham and Women’s Hospital in Boston found that patients are up to 50 percent more likely to stop taking a generic medication if its color differs from that of its brand-name cousin. Generic drugs account for an estimated 70 percent of all prescriptions filled in the U.S.






“Changes in the physical appearance of pills may be causing some confusion among patients,” said study author Dr. Aaron Kesselheim, assistant professor of medicine at Harvard Medical School. “In talking with my patients, this issue comes up a lot. They don’t understand why their pill looks different.”


Failure to take a prescribed medication — a behavior known as non-adherence — costs $ 290 billion annually in additional health complications, according to the New England Healthcare Institute, a nonprofit think tank. In the U.S., experts estimate that a third to a half of all treatment failures can be linked to drug non-adherence by patients resulting in an additional 183 million doctor visits each year.


The study researchers examined a large national database of prescriptions filled for Blue Cross/Blue Shield patients across the country. The researchers focused on a group of drugs used to treat epilepsy and seizures, because skipping the medication for even a day can be harmful. The seven different types of antiepileptic drugs on the market are available in a total of 37 colors. The colors of brand-name and generic pills within the same family can differ, but so can the colors of generic drugs that have the same function.


The study focused on 11,472 patients who hadn’t refilled their generic drug prescription for up to 10 days. The researchers compared these delinquent patients with 50,050 patients who refilled their generic prescriptions regularly. Patients whose medication had changed color were 27 percent more likely not to refill it than were people whose pill color hadn’t changed. More than half of patients diagnosed with epilepsy did not refill their drug prescriptions if the pill color had changed.


“Pill color is one of the things that policymakers should look at when they’re trying to figure out ways of addressing this epidemic of non-adherence,” Kesselheim said.


The study had limitations. The researchers examined only antiepileptic drugs, which aren’t as widely used as other medications. Also, the researchers didn’t determine whether the color changes affected the health of patients.


According to the U.S. Food and Drug Administration, brand-name and generic drugs don’t have to look alike because the appearance of a pill has no effect on its clinical function. However, “we show a clear functionality to the color of the pill,” Kesselheim said, referring to the role the pill color plays in prescription refill rates. “Whether the FDA should reconsider the fact that it doesn’t mandate generic and brand-name drugs to look alike is an important societal level issue to come out of this research.”


Physicians and pharmacists should do a better job of letting patients know that generic drugs and their brand-name cousins may differ in color, and reassure patients that this won’t change how the drug works in the body, he said.


The study appears online today (Dec. 31) in the journal the Archives of Internal Medicine.


Pass it on: Even if a generic pill’s color differs from that of its brand name cousin, continue to take it.


Follow MyHealthNewsDaily on Twitter @MyHealth_MHND. We’re also on Facebook & Google+.


Copyright 2012 MyHealthNewsDaily, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Science News Headlines – Yahoo! News





Title Post: Pill Color Matters to Patients
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Fiscal deal stalls as clock ticks to deadline


WASHINGTON (Reuters) - Efforts to prevent the economy from tumbling over a "fiscal cliff" stalled on Sunday as Democrats and Republicans remained at loggerheads over a deal that would prevent taxes for all Americans from rising on New Year's Day.


One hour before they had hoped to present a plan, Democratic and Republican Senate leaders said they were still unable to reach a compromise that would stop the automatic tax hikes and spending cuts that could push the U.S. economy back into recession.


"There are still serious differences between the two sides," said Senate Democratic leader Harry Reid.


Progress still appeared possible after the two sides narrowed their differences on tax increases and Republicans indicated they would withdraw a contentious proposal to slow the growth of Social Security retirement benefits.


Failure to secure a deal would deliver a heavy blow to the U.S. economy just as it is showing signs of a quicker recovery. Planned tax increases and spending cuts would suck $600 billion out of the economy and again force up unemployment, which had shown signs of improving.


Senate Republican leader Mitch McConnell talked several times to Vice President Joe Biden by phone in the hope of breaking the standstill. "I'm willing to get this done, but I need a dance partner," McConnell said.


Any agreement needs to be rushed through both chambers of Congress before midnight on Monday. But, even if the two sides reach a deal, procedural barriers in the Senate and the House of Representatives make quick action difficult.


Buoyed by his re-election in November, President Barack Obama has insisted that any deal must include a tax increase on the wealthiest Americans, who have seen their earnings rise steadily over the past decade at a time when income has stalled for the less affluent.


Many conservative Republicans in the House of Representatives oppose a tax hike on anyone, no matter how wealthy.


The two sides were close to agreeing to raise taxes on households earning around $400,000 or $500,000 a year - higher than Obama's preferred threshold of $250,000 - several senators told reporters.


Republicans aim to pair any tax increase with government spending cuts to benefit programs that are projected to grow ever more expensive as the population ages in coming decades.


But their proposal to slow the growth of Social Security benefits by changing the way they are measured against inflation met fierce resistance from Democrats. Obama included the proposal, known as "chained CPI," in an earlier proposal, but many of his fellow Democrats remain opposed.


'POISON PILL'


"We consider it a poison pill - they know we can't accept it. It is a big step back from where we were on Friday," a Senate Democratic aide said.


Several Senate Republicans said they would support taking that idea out of the discussion. "Most of us agree the chained CPI is off the table in these negotiations," Senator John McCain said on Twitter.


In a rare appearance on NBC's "Meet the Press," Obama pressured lawmakers to reach a deal.


"If people start seeing that on January 1st this problem still hasn't been solved... then obviously that's going to have an adverse reaction in the markets," he said, adding that he had offered Republicans significant compromises that had been rejected repeatedly.


Obama said he would try to reverse the tax hikes for most Americans if Congress fails to act.


John Boehner, the House speaker, rejected Obama's accusations that Republicans were not being amenable to compromise.


"The president's comments today are ironic, as a recurring theme of our negotiations was his unwillingness to agree to anything that would require him to stand up to his own party," he said in a statement. (Additional reporting by Tabassum Zakaria, Jeff Mason, David Lawder, Fred Barbash and Richard Cowan. Writing by Andy Sullivan; editing by Alistair Bell and Jackie Frank)



Read More..

The Governator’s Climate-Change Legacy






If the United States ever enacts a major climate-change law, it will owe a debt to Arnold Schwarzenegger.


Strange as it sounds, the Austrian-born bodybuilder, former California governor, and movie star has flexed more legislative muscle on climate change than President Obama–who ran for office on the promise of curbing sea level rise and creating millions of green jobs–and Al Gore, the former vice president who won a Nobel Prize for his advocacy on climate change.   






Like Gore and Obama, Schwarzenegger, in his two terms as governor of the largest state in the nation, championed policies to promote clean energy and to fight climate change. Unlike those Democrats, Schwarzenegger, a Republican, succeeded in translating that passion into a major climate-change law.  


(RELATED: Will California’s Cap-and-Trade Law Be a National Model?)


In 2006, Schwarzenegger signed a pioneering climate-change and clean-energy law known as AB-32. Its centerpiece is an aggressive cap-and-trade program, the controversial market-based system that caps emissions of heat-trapping fossil-fuel pollution and creates a financial market in which polluters and financial players can buy and sell carbon-pollution credits.


On Jan. 1, 2013, the rubber meets the road for AB-32: The cap-and-trade program–the first of its kind in the nation–will be fully enforced, and the country and the world will be watching. If it succeeds in cutting California’s carbon pollution without harming the Golden State’s economy, the law could serve as a model for other state policies–and eventually a national law. If it fails, it could be the last nail in the coffin for efforts to enact a national climate law.  


Schwarzenegger knows this. The California law was designed to be replicated by other states. Schwarzenegger, whose legacy was tarnished by California’s plunge into an economic recession under his watch and by a high-profile marital-infidelity scandal, has campaigned heavily since stepping down from office to encourage other states and regions to enact climate policies modeled after California’s, with the aim of building up momentum for national and international climate laws.


Schwarzenegger brings his global celebrity to the cause, but he also brings credibility, as the only American political leader to date who has succeeded in enacting a climate-change law.   


It appears to be working. On Dec. 19, U.N. Secretary-General Ban Ki-moon presented Schwarzenegger with the U.N. Correspondents Association’s global advocate of the year award. The award recognized work he has done with Regions20, his U.N.-affiliated climate-change advocacy group. The group aims to push cities, states, provinces, and other regions to create a network of bottom-up climate policies that will eventually lead to broader action.


On the evening he received the U.N. award, Schwarzenegger sat down with National Journal to talk about climate policy, his legacy, and bodybuilding. On his left hand, the former governor wore a massive knuckle-dusting ring bearing the seal of California. On his right hand, he wore an equally massive skull-shaped ring, with glittering diamonds in its eyes. Peeping out from his tuxedo jacket sleeves was a bracelet made out of a polished bicycle chain.  


Sitting back in a walnut-paneled holding room while he waited to receive his U.N. award, Schwarzenegger propped an alligator-skin shoe up on the coffee table and held forth on the stakes of the California climate law.    


“The key thing is that we’re successful, so that others will join,” he said.


He likes to talk about the strategy of building up from the “subnational” level–getting cities, states, provinces, and regions to adopt similar policies–taking action when a national government won’t.


“We’ve always tried to show leadership on the subnational level,” Schwarzenegger said of California. “Since the United States was not coming to agreement on anything, we didn’t want to wait. So we moved. But it’s not something that is for 38 million people. It’s supposed to have an effect worldwide. Because if we do well as a subnational government, then other governments are going to feel that they can also venture out and be more independent, and not wait for their capitals to create action.”


Already, California plans to link its cap-and-trade carbon market with a regional market in Quebec, and talks are beginning about connecting with a carbon market in Australia. China–which is today the world’s largest global-warming polluter and which has refused to take national-level action to cut its greenhouse-gas pollution without a national commitment from the U.S.–is now looking into enacting cap-and-trade programs in some provinces, which could also link up to the California carbon market.   


“What [Regions20] is all about is, let’s not freeze–let’s move forward on the subnational level, let’s not be at a standstill,” Schwarzenegger said. He cited the California law’s target–reducing carbon pollution 25 percent by 2020. “Imagine if every state does that. This is the power that states have–they can do that. If states can do it, then provinces in Canada and China can do it. Cities in Italy can do it.”


That’s exactly what has happened with climate-change policy in the U.S., as  Obama has tried but failed to enact a national law. In 2010, he pushed Congress to pass a cap-and-trade law similar to California’s. But the bill failed in the Senate, and Republicans turned “cap-and-trade” into a toxic political catchphrase. Although Obama has said he would like to make climate change a top priority in a second term, it’s hard to imagine that he’ll be able to get congressional Republicans to embrace the return of a major climate-change bill–especially after a presidential campaign in which almost every GOP contender openly questioned the science of climate change.


“I think the president is pushing the issue as much as he can,” Schwarzenegger said. But that’s why, he said, the future of national climate policy will depend on building momentum from the state level.


Of Republicans who denounce climate science, he said, “I pay very little attention to what they say before an election. The very people that screamed before the election that ‘Over my dead body we’ll raise taxes’ are the same ones that are now going to agree to raise taxes.”    


Throughout his political and advocacy career, Schwarzenegger’s secret climate weapon has been Terry Tamminen, a California Democratic energy-policy strategist. When the movie star first considered running for governor, he recruited Tamminen to write his energy policy–including the cap-and-trade climate plan, which became the model for the 2006 AB-32 law.


After he won the governorship, Schwarzenegger appointed Tamminen to head his Environmental Protection Agency and to be his chief policy adviser–a job from which Tamminen took a sabbatical in 2008, to work on energy and climate policy for Obama’s first presidential campaign. In that role, Tamminen helped craft candidate Obama’s energy and climate plan–modeled after AB-32.


Tamminen sees California as an energy and environment pilot program, a state where landmark laws are tried and tested before being replicated in other states around the country–and eventually made national.


“When we passed AB-32, eight states copied us. When we passed our [renewable-electricity standard], 33 states followed. When I advised Obama during his first campaign, we thought, why not make these standards national?” Tamminen told NJ.


When California enacted a tough clean-air rule reining in global-warming pollution from vehicle tailpipes, the auto industry and its allies in Congress fought hard to have it overturned.  


Instead, 14 other states passed tailpipe-emissions rules modeled on the California standard.   


“That gave Obama the momentum and the political cover to say, ‘There are enough states doing this–let’s federalize it,’ ” Tamminen said. 


And in May 2009, Obama followed California’s lead, using the executive authority of the Environmental Protection Agency to make the tough California tailpipe regulations apply nationwide.   


Schwarzenegger stood with Obama in the White House Rose Garden when the announcement was made.


Tamminen thinks the same thing can happen with cap-and-trade policy, as California’s carbon market links up to other state and regional markets around the country and the world. “When you aggregate all that, it becomes a tidal wave,” he said.   


Schwarzenegger is expanding his climate advocacy beyond the policy push. He is collaborating with James Cameron, who directed him in The Terminator, on the production of a new Showtime series that will begin airing in 2013 about the effects of climate change.


Asked if he believes his role on spurring global warming action will ultimately stand as his legacy, Schwarzenegger invoked his career as a bodybuilding trailblazer.


“It’s one of those things, when I got into bodybuilding, the last thing I ever thought of is that I would be out there leading the fitness movement, going around the world and talking about fitness and exercising,” he said.


“I was just interested in winning as many bodybuilding championships as possible–Mr. World, Mr. Universe. But it just happened to be that there was a vacuum, and people looked at me as the guy who should carry the ball, and all of a sudden, there I was–it became my legacy. When I stepped into the governorship, this is the last thing I thought I would do–that I would be successful in this area. But the opportunity came up. You don’t know ahead of time.”


Weather News Headlines – Yahoo! News





Title Post: The Governator’s Climate-Change Legacy
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..