Thursday, January 31, 2013

Oil little changed as US economy contracts

A report that showed the U.S. economy unexpectedly contracted in the fourth quarter cut short oil's first foray above $98 a barrel in four months on Wednesday.

Benchmark oil for March delivery was little changed in afternoon trading, down 8 cents to $97.50 per barrel on the New York Mercantile Exchange. It rose as high as $98.24 in the morning but fell back after the government said the U.S. economy shrank from October through December, the first quarterly drop since 2009.

The government also said that crude oil supplies rose by 5.9 million barrels last week, more than twice what analysts expected, as imports increased. The rise in inventories could also indicate less demand. Still, oil maintained some of the momentum that has pushed up the price by about $6 a barrel this year.

The Federal Reserve concludes a two-day meeting later Wednesday. Investors will study the Fed's statement for clues about the outlook for the economy and interest rates.

At the pump, the national average for a gallon of gas jumped 3 cents overnight to reach $3.39 for the first time since Dec. 1.

Brent crude, used to price international varieties of oil, gained 37 cents to $114.73 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

? Wholesale gasoline rose 6 cents to $3.03 per gallon.

? Natural gas rose 6 cents to $3.32 per 1,000 cubic feet.

? Heating oil was up 5 cents at $3.11 a gallon.

___

Pamela Sampson in Bangkok and Pablo Gorondi in Budapest contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-01-30-Oil-Prices/id-f8134b7d9a1e4e489fc0644057aa4309

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Nikon Coolpix AW110 and S31 ruggedized cams see some action at CP+ (hands-on video)

Nikon Coolpix AW110 and S31 ruggedized cams see some action at CP, we go handson video

You might figure that a climate-controlled exhibition center would offer a safe haven for even the most delicate of electronics, but with thousands of consumers getting handsy with these gadgets, many devices take quite a beating during a week-long trade show. No drop to the floor, counter crush or attendee sneeze is too much for these ruggedized Nikons, however. The Coolpix AW110 and S31 were both designed with wild lifestyles in mind, with waterproof and shockproof housings offering protection on land and under the sea. Our test location this week was limited to a display counter positioned front and center at Nikon's CP+ booth in Yokohama, so we can't speak to durability, but both offerings look convincing enough.

With a sticker price of $350, the AW110 is certainly the higher-end of the two. We were particularly taken with the 3-inch OLED display, which looked fantastic -- it's perhaps the sharpest screen we've seen on any ruggedized model. The 5x internal zoom lens wasn't speedier than we expected, but it'll get the job done. The S31, however, looks very much like a child's plaything. And, considering the $120 MSRP (for a ruggedized camera, no less), it seems to be priced as such. We'll let you make that call for yourself, however -- take a closer look at both point-and-shoots after the break.

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/z7fSu4WmoHE/

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Wednesday, January 30, 2013

Boise Bank-Owned Homes Drop 54% in 2012 - Boise Real Estate

Boise bank-owned homes dropped dramatically in 2012 when compared to 2011.? December 2012, for instance, saw just 15 REO sales.? The year before there were 66 in December.? In all, there were 1,109 bank-owned homes sold in 2011.? That?s approximately 54% more than in 2012, when there were just 513.? When referring to data about bank-owned homes in Boise, HUD properties are included.

Boise Bank-Owned & Hud Sales 2011 vs. 2012

In 2011 REO sales outnumbered short sales.? But, because fewer Boise bank-owned homes are available, short sales were the more dominant type of distressed sale in 2012.? When looking at the total distressed market in Boise (short sales, bank-owned homes, HUD homes), Boise foreclosures have dropped considerably from 2011, nearly 31% in fact.? In 2012, there were 1,189 foreclosure sales.? There were 1,714 in? 2011.? At its lowest month, the foreclosure market share in 2011 was 40.6%.? That?s 50% higher than the best month in 2012.

Boise Foreclosures 2011 vs. 2012

Most of the Boise bank-owned homes in 2012 were sold in the Southwest part of town, including some parts of Meridian.? There were 80 REO sales in SW Boise with a median price of $130,500.? This region posted the highest median price for Boise bank-owned homes in 2012.? There were 75 REO sales in West Boise/Garden City with a median price of $121,000.? North Boise, which includes many desirable Boise neighborhoods, posted a median price of $128,650 for REO sales.*

*Median price data does not include HUD homes.

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Source: http://www.boiserealestateplus.com/boise-bank-owned-homes-drop-54-in-2012

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Education & Reference 2017: TIME for Kids BIG Book of Why: 1,001 ...

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

Source: http://kaiuwasa00.blogspot.com/2013/01/education-reference-2017-time-for-kids.html

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Baltimore linebacker Ray Lewis denies using performance-enhancing drugs | NFL

  • The Seattle Times - Wednesday 30th January, 2013

    NEW ORLEANS ? Twelve years after his first appearance in the Super Bowl was disrupted by questions about his legal problems in Atlanta, Ray Lewis was back on that stage Tuesday, again being ...

  • Peter Schmuck Ravens seem more relaxed at Super Bowl media day

    Baltimore Sun - Wednesday 30th January, 2013

    San Francisco 49ers face a horde of international reporters and broadcasters that numbered in the thousands and listen in on the combination of serious journalism and fringe media foolishness that ...

  • Man wounded in Baltimore City officer-involved shooting

    The WBAL Channel - Tuesday 29th January, 2013

    Investigators said the incident happened about 6:40 p.m. Tuesday in the 5000 block of Pimlico Road. Police said officers in driving in a special vehicle aimed at reading the license plates of ...

  • Gyrocopter crashes in Westminster

    The WBAL Channel - Tuesday 29th January, 2013

    Fire officials said they received the call around 4:20 p.m. Tuesday for a crash in the 700 block of Oak Tree Court in Westminster. SkyTeam 11 Capt. Roy Taylor reported that a gyrocopter took off ...

  • Officers shot man in Northwest Baltimore

    ABC 2 - Tuesday 29th January, 2013

    BALTIMORE - An anti-crime initiative in Northwest Baltimore ended in a shoot out between officers and an armed man, and those officers didn't miss their ...

  • Mother Charged In 9-Month-Old Daughter?s Death

    WJZ 13 - Tuesday 29th January, 2013

    JOPPA, Md. (WJZ) ? Qucelia Yvette Baldero has been charged with murder in her nine-month-old daughter?s death. Police received a report of a child in cardiac arrest Tuesday afternoon. ...

  • Bundy ranked No. 2 among Top 100 Prospects

    Baltimore Orioles - Tuesday 29th January, 2013

    And while Baltimore's farm system isn't as plentiful as that of some of its divisional foes, it does boast Dylan Bundy and Kevin Gausman, two of baseball's top pitching prospects, who ...

  • Katrina still haunts Super Bowl celebration

    Baltimore Sun - Tuesday 29th January, 2013

    New Orleans wouldn t be hosting this year s Super Bowl without the effort of one man nearly forty years ago. A man who persuaded the NFL to give the city a team -- and persuaded the state to build ...

  • Arundel Republicans jockeying for county executive job

    Baltimore Sun - Tuesday 29th January, 2013

    Glen Burnie area on the County Council. He announced last year that he planned to run for the office in 2014. "I might as well get a head start."For months ? even as Leopold battled ...

  • 49er and former Terp calls Baltimore home team

    The WBAL Channel - Tuesday 29th January, 2013

    Wide receiver Vernon Davis, No. 85, played for the University of Maryland Terrapins in the early 2000s and said it really prepared him for the NFL. "A lot of what I learned in college, you ...

  • Baltimore County schools to beef up security

    The WBAL Channel - Tuesday 29th January, 2013

    Baltimore County is expected to spend almost $4 million to beef up school security. In a plan announced Tuesday, the money will go toward buying a lot of high-tech ...

  • Jurors shown pictures of Phylicia Barnes body

    The WBAL Channel - Tuesday 29th January, 2013

    Among the new evidence presented Tuesday -- cellphone data that led investigators to a state park. Jurors heard the taped statement of Michael Johnson, which was voluntarily given to police three ...

  • Gyrocopter crashes in Westminster

    The WBAL Channel - Tuesday 29th January, 2013

    Fire officials said they received the call around 4:20 p.m. Tuesday for a crash in the 700 block of Oak Tree Court in Westminster. SkyTeam 11 Capt. Roy Taylor reported that a gyrocopter took off ...

  • Judge returns split verdict in Leopold trial

    The WBAL Channel - Tuesday 29th January, 2013

    Chief Administrative Officer John Hammond is serving as Acting Anne Arundel County Executive after County Executive John R. Leopold was suspended from his ...

  • Acting Anne Arundel County Executive named

    The WBAL Channel - Tuesday 29th January, 2013

    Chief Administrative Officer John Hammond is serving as Acting Anne Arundel County Executive after County Executive John R. Leopold was suspended from his ...

  • Immigration reform making for strange bedfellows

    Action 7 News - Tuesday 29th January, 2013

    The guest worker program has been a flash point in the immigration debate. It divided the labor and business communities during the 2006 immigration battle when the Chamber fought to increase the ...

  • Baltimore Ravens Bernard Pollard claims NFL will die out within 30 years

    The Guardian - Tuesday 29th January, 2013

    Baltimore Ravens safety Bernard Pollard says rules to improve player safety in face of concussion-related lawsuits will lessen spectator ...

  • US soldier gets rare double arm transplant

    Business 247 - Tuesday 29th January, 2013

    Brendan Marrocco lost all his limbs in a bomb in Iraq in 2009, but spoke to media Tuesday after receiving a rare double arm transplant, saying it's given him 'hope for the future. Images ...

  • Baltimore bride plans Ravens wedding

    ABC2 News - Tuesday 29th January, 2013

    BALTIMORE - 44-year-old Laura "Daisy" Sudano had been waiting a long time to get married. Sudanofirst started dating her finance, Jim, in 2000, at the Ravens Super Bowl game. "When I ...

  • Denver Mayor Fulfills Ravens Wager With Ray Lewis-Style Dance

    WJZ 13 - Tuesday 29th January, 2013

    DENVER (WJZ) ? Denver Mayor Michael B. Hancock fulfilled the final part of a friendly wager made with Mayor Stephanie Rawlings-Blake Tuesday. Under the terms of the wager, Rawlings-Blake ...

  • Weather Blog Hello Warm Air

    WJZ 13 - Tuesday 29th January, 2013

    The clouds broke much earlier, and much more than expected today. That?s why temperatures got so high. We topped out at 66 degrees this afternoon, while Philly was only at 51 degrees with ...

  • Police Officers Shoot Suspect On Pimlico Road

    WJZ 13 - Tuesday 29th January, 2013

    BALTIMORE (WJZ) ? Baltimore police shot a suspect in the 5000 block of Pimlico Road. According to police, officers were scanning license plates in the area when they heard shots fired. They ...

  • Source: http://www.baltimorenews.net/index.php/sid/212225877/scat/57bb66ae98bf0999

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    $1.67 million grant supports possible cure methodology for deadly ...

    Photo: Jilella, Cheely, Kota

    Georgia Regents University cancer researchers are expanding the reach of an easy-to-use algorithm that could keep 30 percent of patients with a rare but deadly form of leukemia from dying within the first month of diagnosis.

    The GRU Cancer Center and Dr. Anand Jillella, Associate Cancer Center Director for Clinical Affairs and Chief of Hematology/Oncology and Bone Marrow Transplant, have received a $1.67 million grant over the next five years from The Leukemia & Lymphoma Society to expand the project throughout Georgia and South Carolina.

    Along with its project partners?Emory University in Atlanta, the Medical University of South Carolina in Charleston, Northside Hospital in Atlanta and Upstate Oncology Associates in Greenville?the GRU Cancer Center will use the funding in hopes of decreasing early death rates in patients with acute promyelocytic leukemia.

    Studies at Stanford University, the Swedish Adult Leukemia Registry and a U.S. Surveillance, Epidemiology and End Results program analysis demonstrate that almost 1 in 3 patients with APL die within a month of diagnosis. Patients with APL develop an abnormally high level of immature white blood cells (promyelocytes) in their bone marrow, resulting in a shortage of healthy red and white blood cells and platelets.

    But Jillella likens this new approach to national initiatives that helped prevent heart attack-related death by reducing door-to-balloon times. In APL, he focused on condensing the existing complex, multiple-page standard of care into a simple, one-and-a-half-page algorithm (easily emailed or faxed to physicians) to help prevent delays in diagnosis and treatment; bleeding; side effects of treatment; and infection?all identified as major causes of early death in APL.

    ?Similar to heart attack patients in the first minutes after diagnosis, those with APL who can be treated quickly, aggressively and proactively within the first month after diagnosis have better outcomes,? he said. In fact, none of 12 APL patients in a GRU pilot study died after use of the new protocol.

    Led by leukemia experts at the partner centers, the grant will focus on:

    • Educating hematologists/oncologists throughout Georgia and South Carolina to better recognize APL, leading to rapid diagnosis and, if needed, transfer to an experienced treatment center;
    • Simplifying the treatment algorithm at these hospitals;
    • Providing 24/7 experts to guide hematologists at outlying hospitals from diagnosis through the 30-day initial management period.

    Investigators particularly hope to target smaller centers to improve care in outlying areas. ?Because this is such a relatively uncommon cancer, one simple misstep in the early stages of treatment could lead to increased morbidity or mortality,? said Dr. Vamsi Kota, medical oncologist at the GRU Cancer Center and a study co-investigator. ?What we?re hoping to achieve is a system-wide approach, where physicians everywhere will follow the exact same steps every time.?

    While the high early death rate of APL is widely known, this project is the first large-scale population-wide study in the country testing an intervention to decrease APL?s death rate. ?If it is successful, this project will have global implications,? said Jillella.

    ?This is actually a very treatable cancer,? added Kim Cheely, Oncology Nurse Manager at the GRU Cancer Center. ?But the biggest obstacle has been the complications that patients can get early on. We?ve really developed the very best recipe for managing patients? disease.?

    An aggressive education program for oncologists in the catchment area began in January, with patient enrollment slated to begin in July. Project results will be reported and published in 2017.

    ?As a cancer center that conducts research, our role is to enhance cancer care for citizens here in Georgia and South Carolina, and, ultimately, around the world?through projects that advance the standard of care for cancer,? said Dr. Samir N. Khleif, Director of the GRU Cancer Center. ?This study exemplifies the accomplished work performed by our physician-scientists every day.?

    Source: http://news.georgiahealth.edu/archives/7496

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    Skinny minimalist wallets part 3

    Hello boys and girls. It’s time for another episode of the Skinny Wallet Show. Since our last episode (see related link section at the bottom of this post), I’ve come across several more wallets for those of you who like to keep your pocket contents as minimal as possible. 1. Dizmio – This is a [...]

    Source: http://the-gadgeteer.com/2013/01/28/skinny-minimalist-wallets-part-3/

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    Saturday, January 26, 2013

    Bankruptcy Judge Approves Montefiore Medical Center's Bid for ...

    Written by Kathleen Roney?| January 25, 2013

    A U.S. bankruptcy judge has approved Bronx, N.Y.-based Montefiore Medical Center's bid to acquire New York Westchester Square Medical Center in the Bronx, according to a New York Daily News report.

    Montefiore Medical reached an agreement to purchase WSMC in December, but a competing offer from a group of real-estate investors sent the transaction decision to a bankruptcy auction. Montefiore Medical and the real-estate investors have different plans for WSMC, but with the bankruptcy judge's decision, only Montefiore's will come to fruition.

    According to the report, WSMC will be renamed Montefiore Westchester Square and will not be a full-service community hospital. The facility will have an emergency room, ambulatory surgery and provide outpatient care, but there will be no beds for inpatient care, so patients needing admission will be transferred to another facility.

    These changes have not been well received by the community or hospital staff who feel the facility needs to remain a full-service hospital. According to the report, hospital staff and community members hope to fight this decision.

    More Articles on Hospital Sales:

    N.J. Attorney General Closely Reviews Prime Healthcare's Purchase of St. Mary's Hospital
    Purchase of Scott County Hospital in Kansas Sees Further Delays
    Montefiore Medical Center to Acquire N.Y. Westchester Square Medical Center

    ? Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

    To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.

    Source: http://www.beckershospitalreview.com/hospital-transactions-and-valuation/bankruptcy-judge-approves-montefiore-medical-centers-bid-for-westchester-square-medical-center.html

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    Fort Hood shooting suspect seeks to remove death penalty

    SAN ANTONIO (Reuters) - Lawyers for a U.S. Army major accused of a deadly 2009 shooting spree at a Texas military post have asked for the death penalty to be disallowed in his court martial, possibly paving the way for a guilty plea in the case.

    Fort Hood massacre suspect Major Nidal Hasan is charged with 13 counts of premeditated murder and 32 counts of attempted murder in connection with the rampage at the sprawling Central Texas Army facility.

    A three-day pre-trial hearing due to begin on Wednesday will include discussions on a defense request to remove the death penalty in the case, according to a written agenda for the hearing.

    A guilty plea is not allowed if the death penalty is a possibility, and one item on the court docket refers to discussion of part of the military justice code involving guilty pleas in capital cases.

    Hasan is accused of opening fire on a group of soldiers who were going through processing before being deployed to Afghanistan. He was shot four times by two civilian Fort Hood police officers, leaving him paralyzed from the chest down.

    Military commanders, shortly after Hasan was charged, gave prosecutors the right to seek the death penalty if he is convicted, a significant step given that the United States has not executed anyone under the Uniform Code of Military Justice since 1961.

    The top U.S. military appellate court ruled last month that the judge who had been presiding over the case, Colonel Gregory Gross, was not impartial and ordered him removed, also setting aside an order that Hasan's beard be forcibly shaved.

    Jeffrey Addicott, a law professor at St. Mary's University in San Antonio and a military justice expert, said his reading of the case was that the requested remedy by the defense for the judge's conduct was for the case only to move forward with a maximum penalty of life imprisonment.

    "The government has prepared for this case for many years," Addicott said. "There is no incentive for them to accept anything that is less than the death penalty."

    Fort Hood spokesman Christopher Haug said that Hasan's court-appointed defense attorney was "prohibited by regulation" from commenting on the agenda item regarding pleas in capital cases.

    Hasan's lawyer, Lieutenant Colonel Kris Poppe, is also requesting that he receive the services of a media analyst at taxpayer expense to press a claim that Hasan has been the victim of unfair media coverage.

    The delays in Hasan's court martial have frustrated survivors of the shooting. Attorneys for both sides spent much of 2012 arguing over whether Hasan could keep his beard, which he says he grew due to his Islamic faith.

    Hasan was repeatedly held in contempt of court by the previous judge over the beard, which violates Army grooming regulations. Judge Gross ordered the beard removed.

    But an appeals court ruled that Hasan's grooming standards were the concern of the post commander, not the trial judge, and the new judge in the case, Colonel Tara Osborn, barely mentioned the beard during her first pre-trial hearing last month.

    (Reporting by Jim Forsyth; Editing by Corrie MacLaggan, Cynthia Johnston and Tim Dobbyn)

    Source: http://news.yahoo.com/fort-hood-shooting-suspect-seeks-remove-death-penalty-223111670.html

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    Fresh Galaxy Note 8.0 photos emerge showing S Pen, software

    Android Central

    Just a day after we got our first look at the Galaxy Note 8.0 in leaked spy shots, a couple more photos of the 8-inch tablet have emerged online. Today's pics come via French Android community Frandroid, showing apparently the Note 8.0 alongside its 5.5-inch sibling, the Galaxy Note 2. As with yesterday's images, we see a tablet with a curved design and a phone-style three-button setup on the bottom bezel instead of traditional on-screen keys. And this time around we get to see the larger "S Pen" stylus, which was docked away in yesterday's images.

    Yes, there's also an earpiece up top for making calls, as we saw in yesterday's shots. But that's nothing new -- 7-inch Samsung tablets have been doing that since the original 2010 Galaxy Tab.

    Today's pics reveal a little more about the device's software. Unsurprisingly, the Note 8.0 is running Samsung's TouchWiz UI, but it also seems to be using a "phone-style" launcher, similar to the direction taken with the stock tablet launcher in Android 4.2 -- which this device is rumored to be running. The presence of floating windows suggests that Samsung's included its multi-window tech in the Note 8.0, too. In addition, we can also clearly see a notification bar up top in both shots.

    Samsung's expected to make the Note 8.0 all officially official at Mobile World Congress at the end of February. Leaked spec sheets suggest we can expect similar internals to the Galaxy Note 2 -- a 1.6GHz Exynos 4 Quad CPU, 2GB of RAM and 16 and 32GB storage options, expandable via microSD slot. Stick with Android Central for full coverage of the Note 8.0 and other Samsung devices at MWC, and be sure to check out our latest podcast for more discussion on this device.

    Source: Frandroid



    Source: http://feedproxy.google.com/~r/androidcentral/~3/Glp-t6SV0yg/story01.htm

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    Friday, January 25, 2013

    Merck CEO says jury out on raising good cholesterol

    DAVOS, Switzerland (Reuters) - The jury is still out on the benefits of increasing "good" HDL cholesterol, but the strategy remains worth pursuing, despite recent setbacks, the chief executive of said on Thursday.

    Confidence in the HDL thesis suffered a fresh blow last month when a major clinical trial of Merck's Tredaptive medicine failed. That followed earlier failures with two other HDL-boosting drugs from Pfizer and Roche.

    The Pfizer and Roche drugs worked differently to Tredaptive, by inhibiting a protein called CETP, and Merck is also developing a key experimental product in this area.

    Merck CEO Ken Frazier, speaking in Davos on the sidelines of the World Economic Forum, said the U.S. drugmaker would continue to press ahead with clinical research on HDL raising, even though the scientific case so far remained inconclusive.

    "The Tredaptive failure is another piece of evidence on the side of the scale that says HDL raising hasn't yet been proven," he said.

    "I don't think by any means, though, that the question of HDL raising as a positive factor in cardiovascular health has been settled."

    Tredaptive, which is now being taken off the market in those countries where it was sold, combined an extended release form of niacin, to raise HDL, with a drug to cut the incidence of facial flushing that is a side effect of niacin therapy.

    Merck is developing another drug called anacetrapib, which targets CETP and raises HDL cholesterol by much more than niacin, to see if it can reduce risks of heart attacks and stroke.

    If that trial succeeds, anacetrapib would address a huge market, and the medicine could be a decisive factor in Merck's commercial success in the years ahead.

    But investors' confidence in the whole approach of lifting HDL is shaky.

    "It's certainly not a slam dunk, but I believe that given the properties of the drug, it is an experiment well worth conducting," Frazier said of the ongoing anacetrapib trial.

    Anacetrapib belongs to the same cholesterol-ester transfer protein (CETP) class as Pfizer's high-profile drug torcetrapib, which was ditched in 2006 due to adverse side effects, and Roche's dalcetrapib, which was dropped last year due to lack of efficacy.

    On both those fronts, Frazier believes the Merck product has an edge, since there is no evidence that it causes the unwanted side effects seen with torcetrapib, and it is also able to lower "bad" LDL, which Roche's product did not.

    Another similar drug, evacetrapib, is under development from Eli Lilly.

    (Editing by Will Waterman)

    Source: http://news.yahoo.com/merck-ceo-says-jury-raising-good-cholesterol-090016329--finance.html

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    Delhi green buildings to get more FAR

    greenNew-Delhi- With the recent relaxation of the FAR (floor area ratio) by the Delhi government in the city, the ?green buildings in Delhi are expected to have a higher FAR when compared to the conventional buildings.

    Green buildings, which are quite economical, help in reducing the electricity bill, save water and create a comfortable living space. The recent announcement of the implementation of the FAR was done by the?lieutenant governor (LG). The FAR in Delhi mostly varies as per the land?s size.

    All the agencies in Delhi were asked by the LG ?to convert the maximum properties in Delhi in to eco-friendly structures as these eco-friendly?buildings are creating a greater impact on reducing the carbon footprint in cities. Apart from this, the green buildings also consume very less?energy?to cool and heat the structure. With the increase of the FAR in Delhi, a large number of people can shift to eco-friendly buildings. This increase in the FAR will also be included in the Delhi Master Plan 2020.

    However ?an increase of the FAR by one percent in green buildings has been?recommended by the Delhi Urban Art Commission (DUAC) ?to the urban development ministry. As per a DUAC official, the two key features of their recent recommendations are an increase in the FAR along with the ?permission to use the roof area for the roof-top solar photo-voltaic panels by builders.

    The official also stated that, since the?green rating for integrated habitat assessment (GRIHA) has become quite obligatory now, it will not find it difficult to transfer to green?architecture. As per his suggestion, there should be three?independent architects who can take up this project, whereas one of them will be the building architect and the two others to ensure that the construction follows the bylaws. With no hindrances in the project, it will be easy to get clearance.

    These incentives are being used in the Western countries too to promote the green buildings wherein most of the countries are recommending for the reduction of the clearance time for green buildings.

    Related Real Estate News:

    Green Buildings are Impossible

    Green Building Increases Resale Value

    Image courtesy of Danilo Rizzuti at FreeDigitalPhotos.net

    Source: http://www.commonfloor.com/news/delhi-green-buildings-to-get-more-far-42947

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    United CEO cites confidence in Boeing's ability to fix 787

    (Reuters) - United Continental Holdings Inc said on Thursday it was confident that Boeing Co could correct the issues with the 787 Dreamliner, which was grounded earlier this month after a series of safety incidents including battery fires.

    "History teaches us that all new aircraft types have issues and the 787 is no different," United Continental Chairman and Chief Executive Jeff Smisek said during the carrier's earnings conference call. "We continue to have confidence in the aircraft and in Boeing's ability to fix the issues, just as they have done on every other new aircraft model they've produced."

    United, the only U.S. carrier currently operating 787 planes, has six 787s, and Smisek said it expects to take delivery of two additional ones in the second half of this year.

    (Reporting by Karen Jacobs; Editing by Gerald E. McCormick)

    Source: http://news.yahoo.com/united-ceo-cites-confidence-boeings-ability-fix-787-160408260--finance.html

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    Thursday, January 24, 2013

    Shrinking proton puzzle persists in new measurement

    A puzzle at the heart of the atom refuses to go away. The most precise measurement yet of the proton's radius confirms that it sometimes seems smaller than the laws of physics demand ? an issue that has been hotly debated for two years.

    The latest finding deepens the need for exotic physics, or some other explanation, to account for the inconsistency. "If we were in a hole before, the hole is deeper now," says Gerald Miller of the University of Washington in Seattle, who was not involved in the new measurement.

    The saga of the proton radius began in 2010, when a group led by Randolf Pohl at the Max Planck Institute of Quantum Optics in Garching, Germany, determined the width of the fuzzy ball of positive charge ? and found it was smaller than had been assumed.

    Previous teams had inferred the proton's radius, which is impossible to measure directly, by studying how electrons and protons interact. One method uses the simplest atom, hydrogen, which consists of one electron and one proton. A quirk of quantum mechanics says that an electron in an atom can only orbit its proton at certain distances, corresponding to different energy levels. The electron can jump between levels if it absorbs or releases energy in the form of a photon of light.

    Ball of charge

    By measuring the energy of photons emitted by an excited hydrogen atom, physicists can figure out how far apart the energy levels are, and thus the distances of the permitted electron orbits. A theory called quantum electrodynamics then allows them to calculate how far the proton's ball of charge must extend to keep the electrons at those distances.

    This method gave a charge radius for the proton that was about 0.877 femtometres, less than a trillionth of a millimetre.

    Pohl and colleagues used a novel method. They created an exotic version of hydrogen that replaces the electron with a muon, a particle that has the same charge as the electron but is 200 times heavier. Its extra bulk makes it more sensitive to the proton's size, meaning radius measurements based on muons are orders of magnitude more precise.

    The new method didn't just make the measurements more precise. It also changed them: the muonic hydrogen gave a radius of 0.8418 femtometres, 4 per cent less than before.

    Scandalous result

    That might not sound like much, but in the world of particle physics, where theory and experiment can agree to parts in a billion, it was scandalous. A lively discussion sprang up, with some physicists claiming problems with Pohl's experiments and interpretations, and others suggesting gaps in the standard model of particle physics.

    Pohl and colleagues have now repeated their experiment. The measurement of the radius is now even more precise than in 2010 ? and it is still 4 per cent smaller than the value from hydrogen-based experiments.

    Pohl reckons that there are three likely explanations. His experiment could have errors, although the confirmation makes that less likely. Alternatively, the electron experiments could be off. "This would be the most boring possibility," says Pohl.

    The third, and most exciting, possibility is that muons do not interact with protons in the same way as electrons. In other words, the proton's apparent radius changes a little bit depending on which particle it is interacting with.

    If true, that might require the existence of unknown particles that alter the way the muon interacts with the proton. Those particles could, in turn, solve some of the problems with the standard model of particle physics. They could, for instance, provide a candidate for dark matter, the mysterious stuff that makes up more than 80 per cent of the mass in the universe.

    Monumental idea

    Miller, Pohl and Ron Gilman of Rutgers University in Piscataway, New Jersey helped organise a workshop with 50 proton experts in Trento, Italy, last October to hash out the details of the problem ? and arrived at a verdict of sorts. "Because the muon experiments seem to be so solid, the most popular answers were that there's some beyond-the-standard-model physics differentiating between muon and electron, which would be very important," Gilman says.

    "That would be monumental, truly," Miller says.

    But Miller also has a less radical suggestion, which could reconcile all the measurements without invoking new particles. According to quantum electrodynamics, two charged particles can interact with each other by exchanging a photon ? it's as if they spontaneously create a basketball and throw it between them, he says.

    The equations also allow for a more complicated interaction where the particles create two balls, and juggle them. Until now this type of interaction was considered too rare to be important, but Miller reckons that the muon's greater mass could make it a better juggler. That would strengthen the proton's interaction with it and make the proton look smaller to the muon without requiring any new physics.

    All these ideas will be up for review in a few years' time when new experiments, including shooting muons at protons to see how they scatter and building muonic helium atoms to measure their energy levels, are completed.

    "It's quite likely that through other experiments, in two to three years we might get an end to this," Miller says. "It shouldn't take forever."

    Journal reference: Science, DOI: 10.1126/science.1230016

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    Microsoft's virtual ecosystem aims to simulate the entire world

    40 min.

    Microsoft Research is embarking on a highly ambitious project: A computational model of an entire ecosystem, from the soil itself to the creatures that live on it.

    Such a comprehensive model would be useful not just to biologists, but to city planners and legislators, who could see concrete?predictions regarding things like deforestation and dams.

    To model anything from nature properly is a monumental task, regardless of scale. A single atom, a single cell, or a single organism contains so much information and so many variables that it is effectively impossible to model them perfectly.

    Modeling?an entire ecosystem with any accuracy, then, is a task of mind-boggling complexity. But not too long ago, so was sequencing the human genome, or simulating the way proteins form and fold in the molecular soup of our bodies. Drew Purves at Microsoft Research in Cambridge thinks the time has come for what the company describes as a General Ecosystem Model?(also known as GEM)?? capable of simulating just about any ecosystem in the world.

    Purves wrote an article for the journal Nature announcing the?team's intentions, and calling for others to help out ? because it's not a small project. They've already created a prototype, called the Madingley Model, which is already more ambitious than anything out there.

    "There are a huge number of ecological and environmental models, but in our opinion, nothing that is yet as comprehensive as a GEM would be," Purves told NBC News in an emailed statement. Models for certain areas of the ocean, or specific types of forests, already exist, but can't be adapted easily. He wants to make one that's powerful enough to be applied anywhere, from the deep ocean to the high desert; you'd just need to put in the correct parameters.

    It wouldn't be perfect, but you?don't need a perfect model of something to make useful predictions: Tomorrow's weather, the effects of a drug, and the existence of subatomic particles like the Higgs Boson were all theorized from imperfect models. And Purves cautions that while the researchers' work has a broader range than anything out there, it's still missing a lot.

    Even without simulating bacteria or the effects of certain features like streams, researchers can reach predictions that match up to the real world. A rise in temperature, for example, would kill off certain plants and cause others to thrive, which would affect the soil they live in, the herbivores that feed on them, and the carnivores that feed on them. It could all be simulated within the model.

    But they still need data. Lots more data. Purves elaborates:?"What we are really missing is good data on the state of whole ecosystems... how much herbivore biomass there is in total, or, how many individuals of each size class?" After all, a thousand, big wildebeest may consume more grass than small ones, and seek out higher territories. And since every creature ends up recycled into the ecosystem again, every statistic is important to keep track of.

    Purves hopes that the model will enable not just advances in science, but in policy as well. With a true model of a state or region's ecosystem, the effects of dams, runoff, climate change, and other things can be calculated objectively and included as part of the lawmaking discussion. On that front, the researchers are collaborating with the United Nations Environment Programme to help?hone?their work for political relevance.

    It's a work in progress, but in a few years it could be a powerful resource for anyone looking into the effects of just about anything on the environment and its denizens. New updates to the project will be logged at the Computational Ecology and Environmental Science section of Microsoft Research.

    Devin Coldewey is a contributing writer for NBCNews Digital. His personal website is?coldewey.cc.

    Source: http://www.nbcnews.com/technology/futureoftech/microsofts-virtual-ecosystem-aims-simulate-entire-world-1B8057230

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    Tuesday, January 22, 2013

    Here's a Simple Card Trick You Can Learn in a Minute

    Our friends at BoingBoing put together a video to show you a simple and fun card trick that anyone can learn in no time: Using a deck of playing cards, make three piles of three cards each. Flip a pile over to note the bottom card and then combine all three piles into one, making sure that the pile you flipped over is on top. After that, spell out the card you saw. More »


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    Video: Obama ?cautious? about second-term slump

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    Brazil Favelas Find New Home On Rio De Janeiro Maps

    RIO DE JANEIRO -- Look at most maps of Rio de Janeiro. The beaches are easy to spot, as are the iconic ocean-front neighborhoods of Copacabana and Ipanema. In the middle is a vast forest. What's less identifiable are the blank swaths with no streets, landmarks or other signs of human habitation.

    Those spots are in fact some of the city's densest neighborhoods, its favelas, or shantytowns, that blanket entire hillsides. Though they've long provided most of the city's affordable housing, government officials have traditionally considered them eyesores and literally left them off the map, condemning millions to legal invisibility.

    Now, those communities are being charted after decades of informality, each route and alley outlined and their names researched. A nonprofit organization run by current and former favela residents called Redes da Mare kick-started the first mapping program in the grouping of communities known as Mare with a simple but powerful goal: putting their homes on the map, with named streets, zip codes and official addresses.

    Being left off had meant whole neighborhoods were unable to receive mail at home. It had also blocked people from giving required information on job applications, getting a bank account or telling the police or fire department where to go in an emergency call. Favela residents had to pick up their mail from their neighborhood associations, and entire slums housing a small town's worth of residents had to use the zip code of the closest officially recognized street.

    Getting an official address represents a fundamental step toward real citizenship and helps break the stigma and abandonment that has marked communities, said Redes director Eliana Silva. At heart, she said, the effort erases the barriers between the formal city and favela neighborhoods, which house one in five cariocas, as Rio residents are called.

    "The right to the city starts with making visible these areas that historically were not on the map," Silva said. "Putting the community on the map says, `These people exist, they're here, with the same rights as everyone else.'"

    Maps aren't simply data culled and presented objectively, said Jason Farman, a University of Maryland professor who researches mapping and digital media. They also represent the perspective of a cartographer, corporation, organization or government.

    "For a community to be left off of the map is the equivalent of saying that the community doesn't matter," he said. "It removes a vital part of their identity."

    Theoretical debates aside, those who live in Mare are celebrating the practical benefits of the blue-and-white ceramic street signs going up on corners.

    The nonprofit used the same methodology as the government's Institute of Geography and Statistics to survey the complex of 16 favelas housing about 130,000 residents. It then produced a slick guide, distributed free to residents, that includes not only street names but the history of the original smaller favelas that make up the community. The guide offers information about the people some streets are named after, while leaving some blank, to be filled in later by residents.

    Daniel Remilik, a Mare native, recently watched workers mount a sign on Jose Caetano street, noting that its namesake was a barber who helped newcomers get settled. Remilik had helped the nonprofit group interview locals to figure out street names throughout the sprawling slum, which stretches between two of Rio's main highways and is routinely crisscrossed by young men on motorcycles armed with assault weapons who openly sell drugs.

    Remilik said the work taught him a lot about a community he already thought he knew well.

    "I love this place, I grew up here," he said. "Seeing it recognized like this, on a map, with street signs, makes me proud. I can look up and think, I helped do this."

    Doralice de Freitas, who has lived in Nova Holanda, one of the favelas that make up Mare, said her neighborhood will be like anywhere else in town with the maps and street signs, which are produced in Redes da Mare art classes.

    "Before, if we went somewhere we didn't know, we'd have to go asking everyone, `Do you know where this person lives?'" she said. "Now, we can do it like anyone else, have a street name and a number, look it up on a map, and go."

    The favelas' new visibility hasn't come without controversy.

    Some cariocas have complained that Google Maps exaggerated the size of favelas, giving them undue prominence while ignoring established residential districts and making the city look like an "agglomeration of shantytowns," reported Rio's biggest newspaper O Globo last year. The city's tourism secretary called the online maps "absurd" and demanded Google modify them.

    The company's local spokesman responded that they had never intended to defame the city and promised to label tourist sites and forgotten districts. They also pledged to change the website's design so that the names of favelas appeared only when users zoomed in.

    For decades, many were happy to simply ignore the slums.

    A 1937 city ordinance decreed they shouldn't appear on maps because they were "temporary," and the middle and upper classes shrugged them off as unsightly but convenient sources of cheap labor.

    That disregard was replaced in the 1980s with fear when many favelas were taken over by the drug trade and violence escalated. By the 1990s, nascent urbanization programs began mapping main streets in well-established communities, but left off vast areas.

    Safety concerns, however, have taken center stage with the 2014 World Cup around the corner and 2016 Olympics not far behind, and authorities had to pay attention to the slums. State and city police have been taking over select favelas, reclaiming territory that had been forfeited to drug-dealing factions and re-establishing the state's authority.

    Such mapping projects became possible with the police takeover, said Vinicius Gentil, who is leading the effort's expansion to 120 police-controlled favelas through the city's urban planning arm, the Instituto Pereira Passos.

    The scope is ambitious and the territory hard to navigate, encompassing 400,000 residents in neighborhoods until only recently occupied by armed drug dealers. Winding and narrow alleyways are sometimes so dark that naked light bulbs substituting as street lights must often stay on during the day.

    The institute has tackled the challenge by pairing professionals such as historians, sociologists and social workers with residents to tap both insider knowledge and outsider training, Gentil said.

    "This partnership also encourages a constant exchange between residents and outsiders, and that too helps do away with this idea that the favela is a separate territory," he said.

    The institute's teams, which are trained by the Mare mappers, set off on their task with basic Google Maps satellite photos of the community, and any available basic maps showing the main streets. From there they spread out into labyrinthine alleyways, dead-end roads and other passageways.

    Along the way, they note neighborhood needs such as sewage systems, sports facilities and child care centers with the idea of directing city and private resources there, Gentil said.

    Finally, geographers double-check it all. Street names only enter the official database if they aren't already taken, he said. Getting a zip code assigned means navigating even more bureaucracy. But it's all worth it in the end, when the street signs go up.

    "It's a long process," Gentil said. "But what is important is that it is the same process the rest of the city goes through."

    Also on HuffPost:

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    Source: http://www.huffingtonpost.com/2013/01/22/brazil-favelas-rio-de-janeiro_n_2528407.html

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    Thursday, January 17, 2013

    Putting the 'jumbo' in shrimp - Lehigh Valley Health Blog

    January 17, 2013

    Posted by Tim Darragh at 04:43:12 PM on January 17, 2013


    When the discussion gets to the obesity crisis and eating, the usual suspects are soft drinks and fast food. And for good reason -- there's a lot of empty calories in those combos.

    But in a new report by the Center for Science in the Public Interest, some of the real calorie/saturated fat/sugar villains get the spotlight treatment. And none of the entries is a fast food meal.

    The "winner" of the center's Xtreme Eating 2013 is an entree that might not sound like something that would provide -- get ready for this -- one and a half days' worth of calories, a workweek's worth of saturated fat and most of your daily recommended serving of sodium. But that's the recipe for the Cheesecake Factory's Bistro Shrimp Pasta. All in one meal.

    (I like the center's editorial aside, noting that the meal is made with mushrooms and arugula, "for heaven's sake.")

    There are eight other doozies, listed here.

    Leave A Comment

    NOTE: Please express your opinions in a civil and respectful manner. Insensitive, inflammatory and derogatory comments will be removed at our discretion.

    Source: http://blogs.mcall.com/health/2013/01/putting-the-jumbo-in-shrimp.html

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    Militants seize dozens of hostages in Algeria

    ALGIERS, Algeria (AP) ? As Algerian army helicopters clattered overhead deep in the Sahara desert, Islamist militants hunkered down for the night in a natural gas complex they had assaulted Wednesday morning, killing two people and taking dozens of foreigners hostage in what could be the first spillover from France's intervention in Mali.

    The Algerian army has surrounded the complex and about 1,000 miles (1,600 kilometers) from the coast, there is no obvious way for the kidnappers to escape in their four wheel drive vehicles with their hostages.

    A militant group claimed responsibility for the rare attack on one of oil-rich Algeria's energy facilities, saying it came in revenge for the North African nation's support for France's military operation against al-Qaida-linked rebels in neighboring Mali. The militants said they were holding 41 foreigners from the energy complex, including seven Americans.

    The group ? called Katibat Moulathamine or the Masked Brigade ? phoned a Mauritanian news outlet to say one of its affiliates had carried out the operation at the Ain Amenas gas field, located 800 miles (1,300 kilometers) south of Algiers, the Algerian capital, and that France must cease its intervention in Mali to ensure the safety of the hostages.

    BP, together with the Norwegian company Statoil and the Algerian state oil company Sonatrach, operates the gas field. A Japanese company, JGC Corp, provides services for the facility as well.

    In Rome, U.S. Defense Secretary Leon Panetta declared that the U.S. "will take all necessary and proper steps" to deal with the attack in Algeria. He would not detail what such steps might be but condemned the action as "terrorist attack" and likened it to al-Qaida activities in Pakistan, Afghanistan and in the United States on Sept. 11, 2001.

    Algeria's top security official, Interior Minister Daho Ould Kabila, said that "security forces have surrounded the area and cornered the terrorists, who are in one wing of the complex's living quarters."

    He said one Briton and one Algerian were killed in the attack, while a Norwegian and two other Britons were among the six wounded.

    "We reject all negotiations with the group, which is holding some 20 hostages from several nationalities," Kabila said on national television, raising the specter of a possible armed assault to try to free the hostages.

    The head of a catering company working on the base told the French Journal de Dimanche that helicopters were flying over the complex and the army waited outside. There were even reports of clashes between the two sides and a member of the militant group told the Mauritanian news outlet they had already repelled one assault by Algerian soldiers late Wednesday night.

    It was not immediately possible to rectify the discrepancies in the number of reported hostages. Their identities were also unclear, but Ireland announced that they included a 36-year-old married Irish man and Japan, Britain and the U.S. said their citizens were involved as well. A Norwegian woman said her husband called her saying that he had been taken hostage.

    Hundreds of Algerians work at the plant and were also taken hostage in the Islamist attack, but the Algerian state news agency reported they were gradually released unharmed Wednesday in small groups.

    The Algerian minister said the militants appeared to be hoping to negotiate their departure from the area, something he rejected. He also dismissed theories that the militants came from across the border in Libya, which is just 60 miles (100 kilometers) away, or from Mali, more than 600 miles (1,000 kilometers) away.

    Kabila said the roughly 20 well armed gunmen were from Algeria itself, operating under orders from Moktar Belmoktar, al-Qaida's strongman in the Sahara.

    In Washington, U.S. State Department spokeswoman Victoria Nuland confirmed that "U.S. citizens were among the hostages."

    The caller to the Nouakchott Information Agency, which often carries announcements from extremist groups, said the kidnapping was carried out by "Those Who Signed in Blood," a group created to attack the countries participating in the offensive against Islamist groups in Mali.

    The Masked Brigade was formed by Belmoktar, a one-eyed Algerian who recently declared he was leaving the terror network's Algerian branch, Al-Qaida in the Islamic Maghreb, to create his own group. He said at the time he would still maintain ties with the central organization based in Afghanistan and Pakistan.

    The name of his group could be a reference to the nomadic Tuareg inhabitants of the Sahara, known for masking their faces with blue veils.

    A close associate of Belmoktar blamed the West for France's recent air and ground intervention against Islamist fighters in Mali.

    "It's the United Nations that gave the green light to this intervention and all Western countries are now going to pay a price. We are now globalizing our conflict," Oumar Ould Hamaha told The Associated Press by telephone Wednesday night from an undisclosed location.

    French President Francois Hollande launched the surprise operation in Mali, a former French colony in West Africa, on Friday, hoping to stop the al-Qaida-linked and other Islamist extremists whom he believes pose a danger to the world.

    Further kidnappings could well be on the horizon, warned Sajjan Gohel, the international security director for the Asia-Pacific Foundation.

    "The chances are that this may not be a one-off event, that there could be other attempts in Africa ? especially north and western Africa ? to directly target foreign interests," he said. "It's unclear as to what fate these individuals may meet, whether these terrorists are going to want a ransom or whether they'll utilize this for propaganda purposes."

    Wednesday's attack in Algeria began with an ambush on a bus carrying employees from the massive gas plant to the nearby airport but the attackers were driven off, according to the Algerian government, which said three vehicles of heavily armed men were involved.

    "After their failed attempt, the terrorist group headed to the complex's living quarters and took a number of workers with foreign nationalities hostage," the government said in a statement.

    Attacks on oil-rich Algeria's hydrocarbon facilities are very rare, despite decades of fighting an Islamist insurgency, mostly in northern Algeria.

    In the last several years, however, al-Qaida's influence in the poorly patrolled desert of southern Algeria and northern Mali and Niger has grown and the group operates smuggling and kidnapping networks throughout the area. Militant groups that seized control of a vast section of northern Mali last year already hold seven French hostages as well as four Algerian diplomats.

    Prime Minister David Cameron's office said "several British nationals" were involved, while Japanese news agencies, citing unnamed government officials, said there are three Japanese hostages.

    Late Wednesday, Statoil said five employees ?four Norwegians and a Canadian ? were safe at an Algerian military camp and two of them had suffered minor injuries. It said 12 employees were unaccounted for.

    The Norwegian newspaper Bergens Tidende said a 55-year-old Norwegian working on the site called his wife to say he had been abducted.

    Algeria had long warned against any military intervention against the rebels in northern Mali, fearing the violence could spill over its own long and porous border. Though its position softened slightly after Hollande visited Algiers in December, Algerian authorities remain skeptical about the operation and worried about its consequences on the region.

    Algeria, Africa's biggest country, has been an ally of the U.S. and France in fighting terrorism for years. But its relationship with France has been fraught with lingering resentment over colonialism and the bloody war for independence that left Algeria a free country 50 years ago.

    Algeria's strong security forces have struggled for years against Islamist extremists, and have in recent years managed to nearly snuff out violence by al-Qaida in the Islamic Maghreb around its home base in northern Algeria. In the meantime, AQIM moved its focus southward.

    AQIM has made tens of millions of dollars off kidnapping in the region, abducting Algerian businessmen or politicians, and sometimes foreigners, for ransom.

    _____

    Paul Schemm reported from Rabat, Morocco. Associated Press writers Mari Yamaguchi in Tokyo, Rukmini Callimachi in Bamako, Mali, Bradley Klapper in Washington, Jill Lawless in London, Elaine Ganely in Paris, Jan Olsen in Copenhagen, Denmark, and Shawn Pogatchnik in Dublin contributed to this report.

    Source: http://news.yahoo.com/militants-seize-dozens-hostages-algeria-212226289--finance.html

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    Zero Nationals will play for Team USA in the World Baseball Classic

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    Tuesday, January 15, 2013

    What New Student Loan Repayment Options Mean - Mint

    Saving for college

    According to a recent report published by the Federal Reserve of New York, student?loan?debt has gained a few dubious distinctions.?First, student loan debt has topped $1 trillion. Second, the 12%?delinquency rate?is higher than the delinquency rate for credit cards and mortgage payments.

    If that isn?t bad enough, the average student who took out student?loans?will graduate with $26,600 worth of loan debt, which is 5% higher than the class just one year prior.

    Students, parents and many lawmakers are all saying the same thing: Something has gone terribly wrong when student loan debt is rising.?However, the average?earnings?for 25 to 34 year holds with a bachelor?s degree has fallen 1.6% annually from 2000 to 2010.

    Moreover, that is just for the students who find jobs. A 2012 report found that 53% of recent college graduates, or 1.5 million people under the age of 25 with?bachelor?s degrees, are either unemployed or underemployed. That is the highest reading in 11 years.

    Although student loans are generally not discharged in?bankruptcy?proceedings (important to know for anyone?considering the student debt bankruptcy option), that does not change what could be an increasing burden on the economy.

    Bankrupt loan holders may not be able to get rid of the debt, but since many are not working few have the ability to pay back the loans.?

    Others believe that with the burden of?student loan?debt so high, the next generation of homebuyers, investors and parents will put off these economically stimulating events in order to service their debt load.

    Pay-As-You-Earn

    The?Pay-As-You-Earn (PAYE)?Repayment Plan is part of Washington?s answer to what some call the student loan crisis. The program allows students to cap their monthly payments to 10% of their discretionary income. Additionally, some loans are forgiven after 20 years.

    However, there were two problems with this program. First, it wasn?t set to phase in until 2014, and second, the program only applied to public loans. Private loans are unaffected.

    Nothing has been done about private loans, but the Obama administration took action to help the estimated 1.6 million borrowers that could take advantage of the program. The program was put into effect on Dec. 21, 2012 of this year.

    To qualify, students must have taken out the loans after Oct. 1, 2007 and received at least one?disbursement?after October of last year, according to the Associated Press. Students also have to qualify for partial?financial?hardship based on the part of their income that repayments will cost.

    Just like any loan, it is nice to?get some more breathing room?to make payments, but that does not mean that the borrower is paying less in the end. In fact, he or she may pay more as more interest is paid on a higher principal.

    Critics have also argued that?marketing?a program that lowers payments may give students a false sense of what they can afford to pay each month. By failing to look at the total amount they will pay over time, they may feel like they can take out more loans while enrolled.

    Another Plan

    Another plan, sponsored by Tom Petri (R-Wis) aims to set up a student loan debt collection plan that will help?keep student loans in check?and is similar to the system used in the U.K. and Australia.

    Much like child support payments or even tax withholdings, student loan debt would be automatically deducted from the borrower?s paycheck based on income.

    This plan would not only reduce the 12%?delinquency?rate and repay taxpayers who have funded much of the outstanding debt, but it would also provide borrowers with lower payments, especially when they are just out of college and wages are low.

    The Bottom Line

    The combination of rising?student loan debt and high unemployment?has left debt loads that are a strain to new graduates. This is not just an individual problem, but also a problem for the economy.

    A completely new generation of career professionals is not pumping money into the economy. Instead, that money is now going to loan payments. Experts hope that programs like Pay-As-You-Go?will?help solve this problem.

    ?What New Student Loan Repayment Options Mean? was provided by Investopedia.com.?

    Source: http://www.mint.com/blog/consumer-iq/what-new-student-loan-repayment-options-mean-011/

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