Saturday, December 29, 2012

Saturday links: learning hard lessons - Abnormal Returns ...

  • abnormalreturns
  • December 29th, 2012

Investing

Seven lessons from the financial crisis for high net-worth clients.? (Enterprising Investor)

Five reasons the Facebook ($FB) IPO was a blessing in disguise.? (Pando Daily)

Why everyone, including federal investigators, is fascinated with SAC Capital?s Steve Cohen.? (NYTimes)

Technology

How Google ($GOOG) got its iOS apps right.? (TNW)

Social networks are changing the way we relate with others and our past selves.? (Phil Pearlman)

Society

Why don?t we do great stuff any more?? (The Reformed Broker)

On the dangers of yoga for dudes.? (NYTimes)

What constitutes a true craft beer?? (Time)

How backpacks became a must-have accessory for kids of all ages.? (Slate)

Profiles

A profile of Beck.? (Vulture)

How Mitt Romney lost the election.? (Boston Globe)

Robert C. Baker, the father of the chicken nugget.? (Slate)

Philanthropy

The argument for focusing your charitable giving.? (NYTimes)

Philanthropy: you are doing it wrong.? (Felix Salmon)

History

The secret lifesaving legacy of Jack Klugman.? (Wonkblog)

Ben Franklin?s contributions to economics.? (Macrofugue)

Advice

On the link between exercise and the human brain.? (Well)

How to negotiate for anything.? (Quartz)

How to best discipline your kids.? (WSJ)

Mixed media

Dating is a jungle these days: high credit scores need only apply.? (NYTimes)

What can we learn about Germany from the resurgence in German football.? (Quartz)

Are babies born good?? (Smithsonian via @longreads)

Books

An interview with Michael Mauboussin author of The Success Equation: Untangling Skill and Luck in Business, Sports and Investing.? (Simoleon Sense)

What do Nate Silver and Nassim Taleb have to say about forecasting in an increasingly complex society.? (NY Review of Books)

A review of Michael J. Sandel?s What Money Can?t Buy: The Moral Limits of Markets.? (Farnam Street)

Thanks for checking in with Abnormal Returns. You can follow us on StockTwits and Twitter.

Abnormal Returns is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. If you click on my Amazon.com links and buy anything, even something other than the product advertised, I earn a small commission, yet you don't pay any extra. Thank you for your support.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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Source: http://abnormalreturns.com/saturday-links-learning-hard-lessons/

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Monday, December 17, 2012

After landslide, Abe says Japan has difficult road

Japan's main opposition Liberal Democratic Party leader Shinzo Abe answers a reporter's question at the party headquarters in Tokyo, Sunday night, Dec. 16, 2012. The conservative LDP stormed back to power in parliamentary elections Sunday after three years in opposition, exit polls showed, signaling a rightward shift in the government that could further heighten tensions with rival China. (AP Photo/Junji Kurokawa)

Japan's main opposition Liberal Democratic Party leader Shinzo Abe answers a reporter's question at the party headquarters in Tokyo, Sunday night, Dec. 16, 2012. The conservative LDP stormed back to power in parliamentary elections Sunday after three years in opposition, exit polls showed, signaling a rightward shift in the government that could further heighten tensions with rival China. (AP Photo/Junji Kurokawa)

Japanese Prime Minister Yoshihiko Noda reacts during a press conference after his Democratic Party of Japan made a big loss in parliamentary elections in Tokyo Sunday, Dec. 16, 2012. Noda has resigned as chief of the DPJ to take responsibility for the party's loss in parliamentary elections. The main opposition Liberal Democratic Party won between 275 and 300 seats in the 480-seat lower house of parliament in Sunday's election, NHK exit polls projected. (AP Photo/Itsuo Inouye)

Japan's main opposition leader Shinzo Abe, right, of the Liberal Democratic Party, and the party Secretary-General Shigeru Ishiba pose for photos as they place a rosette on the name of one of those elected in parliamentary elections at the party headquarters in Tokyo Sunday, Dec. 16, 2012. Japan's conservative LDP stormed back to power Sunday after three years in opposition, exit polls showed, signaling a rightward shift in the government that could further heighten tensions with rival China. (AP Photo/Junji Kurokawa)

In this Saturday, Dec. 15, 2012 photo, supporters of Japan's largest opposition Liberal Democratic Party (LDP) gather with national flags during a parliamentary election campaign in Tokyo. Japanese were voting Sunday, Dec. 16 in parliamentary elections that were expected to put the LDP, once-dominant conservatives, back in power after a three-year break ? and bring in a more nationalistic government amid tensions with big neighbor China. (AP Photo/Kyodo News) JAPAN OUT, MANDATORY CREDIT, NO LICENSING IN CHINA, HONG KONG, JAPAN, SOUTH KOREA AND FRANCE

Japanese Prime Minister Yoshihiko Noda arrives for a press conference after his Democratic Party of Japan made a big loss in parliamentary election in Tokyo Sunday, Dec. 16, 2012. Noda announced his resignation as the DPJ chief. Japan's conservative Liberal Democratic Party returned to power in a landslide election victory Sunday after three years in opposition, exit polls showed, signaling a rightward shift in the government that could further heighten tensions with rival China. The DPJ slogan reads: Making decisions to get things moving. (AP Photo/Itsuo Inouye)

(AP) ? After leading his conservative party to a landslide victory that will bring it back to power after a three-year hiatus, Shinzo Abe stressed Monday that the road ahead will not be easy as he tries to revive Japan's sputtering economy and bolster its national security amid deteriorating relations with China.

The Liberal Democratic Party, which led Japan for most of the post-World War II era until it was dumped as the economy fizzled in 2009, won 294 seats in the 480-seat lower house of parliament in Sunday's nationwide elections, according to media reports. Official results were expected later Monday.

With the elections over, a vote among the members of parliament to install the new prime minister is expected as soon as Dec. 25. Abe, who was prime minister from 2006-2007, is almost certain of winning that vote because the LDP now holds the majority in the lower house.

"We won more seats than even we expected," Abe, 58, said Monday. "We have a very heavy responsibility."

Outgoing Prime Minister Yoshihiko Noda announced his resignation late Sunday, calling the election results "severe" and acknowledging his party failed to live up to the nation's high expectations.

His Democratic Party of Japan reportedly won only 57 seats. Among its casualties were eight Cabinet ministers ? the most lost in an election since World War II.

Economic issues, including plans to raise taxes and other measures to bolster Japan's underperforming economy, were the top concerns among voters.

Abe, who would be Japan's seventh prime minister in 6 1/2 years, will likely push for increased public works spending and lobby for stronger moves by the central bank to break Japan out of its deflationary trap.

Stock prices soared Monday morning to their highest level in more than eight months, reflecting hopes in the business world that the LDP will be more effective in its economic policies than the Democrats were.

Although the election was the first since the March 11, 2011, earthquake, tsunami and nuclear disasters, atomic energy ? which the LDP conditionally supports ? ended up being a side issue, though polls showed that about 80 percent of Japanese want to phase it out completely.

Instead, Abe and his party stressed national security amid an ongoing dispute with China over a group of small uninhabited islands that both nations claim.

That kind of tough talk resonates with some voters who fear their country is falling too far behind China's rising economic and military clout, but it could also deepen a rift between Tokyo and Beijing that has already begun to sour diplomatic ties and trade.

Abe is known as a hawk on China relations ? which could mean more friction with Japan's giant neighbor and key trading partner.

During his previous tenure as prime minister, Abe pursued a nationalistic agenda, pressing for more patriotic education and upgrading the defense agency to ministry status. The LDP wants to revise Japan's pacifist constitution to strengthen its Self-Defense Forces and, breaching a postwar taboo, designate them as a "military."

It also proposes increasing Japan's defense budget and allowing Japanese troops to engage in "collective self-defense" operations with allies that are not directly related to Japan's own defense.

But with the economy in more dire straits, it remains to be seen how Abe will behave this time around.

As the results came in Sunday night, he acknowledged that the outcome of the elections was as much ? if not more ? of a protest against the status quo as it was an endorsement of his party's platform.

The LDP will stick with its longtime partner New Komeito, backed by a large Buddhist organization, to form a coalition government, party officials said. Together, they now control 325 seats, securing a two-thirds majority that would make it easier for the government to pass legislation.

A dizzying array of more than 12 parties, including several news ones, contested, some with vague policy goals. The most significant new force is the right-leaning, populist Japan Restoration Party, which won 54 seats, according to NHK.

The party is led by the bombastic nationalist former Tokyo Gov. Shintaro Ishihara and lawyer-turned Osaka Mayor Toru Hashimoto ? polarizing figures with forceful leadership styles. Ishihara is another hawk on China, having stirred up the latest dispute with Beijing by proposing Tokyo buy the islands from their private Japanese owners and develop them.

The anti-nuclear Tomorrow Party ? formed just three weeks ago ? captured only nine seats, according to NHK. Party head Yukiko Kada said she was very disappointed to see the LDP, the original promoter of Japan's nuclear energy policy, make such a big comeback.

___

Associated Press writers Elaine Kurtenbach, Mari Yamaguchi and Eric Talmadge contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-12-16-Japan-Election/id-32bb675b9f774451863780ceea8ab6ab

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Jay Rogers Local Motors Uses Crowdsourcing - Business Insider

Playboy

Local Motors' Rally Fighter.

Ford has been selling cars for more than a century and is still going strong, especially after an excellent 2012.

But one person in the industry says the mass production model the automaker pioneered is on its last legs.

"Ford was a fad that came for a hundred years," Jay Rogers says, "and now I believe it is going."

Rogers is the head of Local Motors, the 40-employee company that is taking a new approach to designing vehicles: crowdsourcing.

Profiled in Playboy by Neal Gabler, Rogers is a Princeton-educated Marine Corps veteran, and wants to use the online community to design cars for niche markets.

So far, Local Motors has produced one car: the $75,000 Rally Fighter. The street legal ride gets 16 mpg and is made for off-roading. So far, 60 have been sold.

The Rally Fighter was designed by Sangho Kim, an art student in Pasadena, who received $10,000 for creating the design that is now in production. (It uses a Chevy engine.)

It's a ridiculous vehicle that marks a new way of building cars: small-scale, designed by potential customers, and not reliant on massive production facilities that are expensive to change.

Rogers hopes the Rally Fighter will be the first in a line of crowdsourced cars catering to local markets (whence the name Local Motors) ? different rides for Paris, New York, and Boston, among many.

Rogers' business is more flexible than that of large-scale automakers, but he faces other challenges. Among them is the fact that Local Motors must rely on people who are not auto engineers to come up with cars that can be built.

Yet there are successful automakers who build small numbers of cars for niche markets: Rolls-Royce. Bugatti. McLaren. Their business models work because they charge so much for their products, they don't need to sell them in large quantities.

Rogers hope to make cars for the people, by the people, is different, and more difficult to execute. But if it works, it could change the industry.

Source: http://www.businessinsider.com/jay-rogers-local-motors-uses-crowdsourcing-2012-12

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Thursday, December 6, 2012

Cargo ship believed sunk in North Sea, rescue under way

AMSTERDAM (Reuters) - A cargo ship carrying cars has "almost certainly" sunk after colliding with a container ship in the North Sea on Wednesday evening, and a rescue operation was under way, the Dutch coastguard said.

The collision between the Baltic Ace, a car carrier sailing under a Bahamas flag, and the Corvus J, a container ship from Cyprus, took place about 40-50 km (25-30 miles) from the Dutch port of Rotterdam in an important North Sea shipping lane, coastguard spokesman Peter Verburg said.

Verburg said the rescue of 24 crew from the Baltic Ace was under way, after members of the crew were found on four life rafts. They were being lifted to safety by helicopters near the scene of the collision, but it was unclear if anyone was missing, he said.

Dutch media reported that the Baltic Ace was en route from Zeebrugge in Belgium to Kotka in Finland, while the Corvus J was going from Grangemouth in Scotland to Antwerp, Belgium.

Operations at Rotterdam Port are not affected by the collision, a spokesman told Reuters. Rotterdam is Europe's biggest port and handles commodities and manufactured goods.

"It doesn't have any consequences for the port, it is far away from the entrance to the port," spokesman Sjaak Poppe said.

(Reporting by Anthony Deutsch and Sara Webb; Editing by Michael Roddy and Pravin Char)

Source: http://news.yahoo.com/cargo-ship-sinking-north-sea-collision-rescue-under-204457827.html

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Saturday, November 24, 2012

Shopping and Product Reviews: Will Traditional Shopping Die ...

The popularity of online shopping has been seen by many as a threat to the existence of traditional shopping. Their argument is based on the recent widespread closure of established brands like Sears and Best Buy. But can we really say that traditional shopping is dying?

In 2011, even though the U.S economy was sluggish, shopping grew by 15% over the previous year. In addition, about 35% of Americans now have smartphones which enable them to purchase goods and services over the internet and this figure is expected to rise significantly in subsequent years. In actual fact, about half of smartphone users have used their phones for one purchase or the other. On Christmas day of 2011 alone, about 6.8 million iOs and Android smartphones were activated. Top internet retailer, Amazon, recorded a whooping net sale of $48.08 billion in 2011 which represents 40.6% increase over $32.20 billion recorded in 2010. This figure is expected to rise in 2012 and subsequent years. What then is the implication of all these to physical retailing?

Since many people now decide to shop over the internet due to the benefits derivable in doing so like convenience, easy access to market, price comparison, avoidance of crowd, better prices and so on, can we really say that that the traditional way of shopping is being threatened? In my own opinion, technology will enhance the traditional method and not kill it. The popularity of video cassette recorder (VCR) in the 80's was seen by many as a threat to movie theaters then, but today, the film industry has been strengthened by the new technology and the demand for films has increased.

Moreover, when the email became very popular, a lot people thought that the traditional postal service would die, but today, it is waxing stronger. The point I'm driving at here is that, if traditional shop owners can embrace new technology, shopping on the internet would not be a threat to them but a blessing.

If physical retailers can monitor shopping behavior through the use of Wi-Fi signals from smartphones, they would be able to compete favorably in a fast-changing world. They can use technology to measure loyalty, make better staffing decisions, improve store layouts, reduce wait times in checkout lines and so on. Online shopping has come to stay but it is not a threat to traditional shopping because many consumers still value some of its features like quality of customer service, the experience of trying and buying products, how products are displayed and so on.

Olushola Otenaike is an online shopping expert.

Source: http://mysoupbaby.blogspot.com/2012/11/will-traditional-shopping-die-because.html

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Source: http://jaimelloyd.typepad.com/blog/2012/11/shopping-and-product-reviews-will-traditional-shopping-die.html

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Source: http://clintonlong.typepad.com/blog/2012/11/shopping-and-product-reviews-will-traditional-shopping-die.html

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Friday, November 16, 2012

Book Nerd - Integral Education: The CIIS Blog

By LAURA TOWNE, student in the Creative Inquiry, Interdisciplinary Arts MFA program

?This post was written for Cindy Shearer's CIA 7712: MFA Project. In these blogs, students are sharing their discoveries, reflections and learning as they enter the process of creating a body of art work and culminate their degrees.?

I?m the first to admit I?m a book nerd. I actually get excited about looking things up in the dictionary and hours magically slip by when I crack open my atlas. I have way too many books for someone my age. At last count, there were 402 books in my personal library, but that number has surely grown since then. They occupy four bookcases?no small feat in a tiny Bay-area one-bedroom?and when I am deep in my creative process, they overflow to stacks beside my bed and on my desk, sometimes taking up more space on the couch than I do. It?s reassuring just to have their energy near me?I am a collector of books because it?s the closest I can get to the people who wrote them.

Towne1
There are books on yoga, dreaming, intuition, poetry, shamanism, astrology, Buddhism, art, reincarnation, ayurveda, astronomy, physics, mythology, energy healing, writing, gardening, tantra, entheogens, sacred geometry, metaphysics, spirituality...as well as novels and practical books about tangible things like 101 Unuseless Japanese Inventions. I could keep going, but you get the idea. Clearly, CIIS is the right school for me. Before moving to the Bay area to attend CIIS, I was the only person I knew with such an eclectic collection of books, a fact I kept hidden most of the time, as if spirituality was a secret I was afraid to admit. Now, a year and a quarter into earning my master?s degree in Writing and Consciousness, I am surrounded by people immersed in these subjects?so immersed that we often pause to laugh at ourselves: when did we become these people that ?hold space? and talk about ?the divine feminine? and say ?hold on a minute, let me get back in my body?? (I?m delighted to know we aren?t the only ones laughing at ourselves ? check out this video.)

Towne2
I wouldn?t call myself ?new age? though. I prefer to defy labels?or embrace a hundred of them all at once, none of which are quite right on their own, but together form a collage that comes a little bit closer. I?ve amassed this library not because I swallowed a bottle of new age pills or joined a cult. No, these books are here because of my quest to understand what is unfolding inside of me, something that yoga sparked and has now turned into an all-out wildfire. These books are here because I?m a wisdom gatherer?the wisdom of the artists, wordsmiths, thinkers, yogis, intuitives, and researchers that have come before me, wisdom that I recognize by that tingly feeling on the crown of my head or in the palms of my hands. The same feeling that led me to CIIS in the first place.

Towne3As this journey down the rabbit hole picks up pace, I take in the wisdom of the teachers on my bookshelves and the teachers all around me, I find what matches up with the truth of my own experience, digest it all and voila ? art emerges. It is unavoidable. Laying ink down on paper is my way of making sense of it all. Words fill countless sheets of lined notebook paper; drawings, doodles and symbols fill pages and pages of sketchbooks. In the midst of chronicling this journey, I?m not entirely sure what will come of it, but I do know that tomorrow I?ll be putting pen to paper again.

?

Source: http://blog.ciis.edu/my_weblog/2012/11/book-nerd.html

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Sharp Aquos SH930W reviewed early in Russia, mates Sharp's 1080p screen with a mid-tier phone

Sharp Aquos SH930W reviewed early in Russia, mates Sharp's 1080p screen with a midtier phone

Lest you think HTC has a complete lock on Sharp's supply of extra-dense 5-inch, 1080p screens for the Droid DNA and J Butterfly, Sharp itself is building a phone around the giant LCD. The Aquos Phone SH930W slightly rethinks the internals of HTC's new Android 4.1 flagship to make it more affordable, doubling the non-expandable storage to 32GB but scaling back to a dual-core, 1.5GHz Snapdragon S3 and dropping the currently unsupported LTE. That cost-cutting will be vital, as the SH930W is headed to a more price-sensitive Russia first, in late November -- one of the few (if not only) times that Sharp has tailored a smartphone to a country other than its native Japan. The 22,000-ruble ($694) off-contract price in Russia could undercut mere 720p rivals that often cost 25,000 rubles ($789) or more.

It's an odd phone by any account, and Mobile-review was curious enough to snag a pre-release SH930W for an early inspection. While the device under the microscope was running vanilla Android rather than the planned Feel UX and may easily have a fair share of buggy code, initial benchmarks seem to validate fears of a mismatch between the display and an underpowered chip: the S3 is fast enough for common tasks at that resolution, but chokes with playing 1080p video and certain 3D games. Anyone buying the extra-large Aquos Phone will mostly be choosing it for the good battery life, the camera and that killer price, the site says. We'll admit to being slightly disappointed at such a pedestrian fate for Sharp's screen so soon into its lifespan, although we suspect performance-minded Muscovites could get a chance at a much faster HTC Deluxe in the near future.

Filed under: ,

Sharp Aquos SH930W reviewed early in Russia, mates Sharp's 1080p screen with a mid-tier phone originally appeared on Engadget on Fri, 16 Nov 2012 02:14:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceMobile-review (translated)  | Email this | Comments

Source: http://www.engadget.com/2012/11/16/sharp-aquos-sh930w-reviewed-early-in-russia-with-1080p-display/

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Tuesday, November 6, 2012

Best Android apps this week

Zombie Driver THD

Zombie Driver THD

$6.74?Google Play
Zombie Driver was first released as a PC game on Steam back in 2009, and now it's available to Tegra-packing Android phones for the first time. Mixing cars, speed, explosions and zombies, it's a high-octane thriller packed with 31 different missions and unrelenting packs of the undead. With a whole host of crazy vehicles and upgradeable weapons at your disposal, zombie killing has never been so fun. Don't fancy the campaign mode? There's also the Blood Race Tournament and Slaughter mode to try out as well, giving you plenty of zombie-packed gameplay.

Photo Punch

Photo Punch

Free Google Play
If you like the idea of bringing a little bit more creativity to your smartphone snaps, Photo Punch allows you to mash a number of images together into one. First, pick the part of your image you'd like to "punch" out using the outline tool, then superimpose it onto your background image, or choose one from the Photo Punch library instead. No doubt hilarious consequences will ensue ? putting a cat's head onto a squirrel's body is certainly what we'll be doing first.

Movember Mobile

Movember Mobile

Free Google Play
It's that time of year once again, where men across the country ditch their razors for a whole month and leave their moustaches to grow freely. No, it's not a hipster invasion, but Movember? ? an annual event to raise cash and awareness for men's health charities. This accompanying app allows Movember participants to request and track donations, update people on their Mo progress with statuses and photos, and even recruit people to join their Mo team. Step away from the razor and get involved.

Fontly

Fontly

Free Google Play
Typographic geeks will have a field day with Fontly ? a place to collect, share and explore the wealth of vintage typography found all over the world. To get involved, you simply take a picture of the lettering you've found, title and tag it using the provided categories and then it will automatically be geo-tagged and added to Fontly's feed, map and website. You can then browse other people's photos by time, location or best rated to get your font fix.

This article originally appeared at Stuff.tv

Source: http://www.pcauthority.com.au/News/272811,best-android-apps-this-week.aspx?utm_source=feed&utm_medium=rss&utm_campaign=PC+&+Tech+Authority+Reviews+feed+-+Latest+Articles

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Saturday, October 13, 2012

JPMorgan turns in record profit, higher revenue

FILE - In this Aug. 8, 2012, file photo, a banker walks past JPMorgan Chase offices in London. JPMorgan Chase, the country's biggest bank by assets, reported a record quarterly profit Friday, Oct. 12, 2012. The bank said it made $5.3 billion in earnings for common shareholders, a widely used measurement, from July through September, up 36 percent from the same period a year ago.(AP Photo/dapd,Timur Emek)

FILE - In this Aug. 8, 2012, file photo, a banker walks past JPMorgan Chase offices in London. JPMorgan Chase, the country's biggest bank by assets, reported a record quarterly profit Friday, Oct. 12, 2012. The bank said it made $5.3 billion in earnings for common shareholders, a widely used measurement, from July through September, up 36 percent from the same period a year ago.(AP Photo/dapd,Timur Emek)

FILE - This July 28, 2012, file photo, shows JPMorgan Chase office in London. JPMorgan Chase, the country's biggest bank by assets, reported a record quarterly profit Friday, Oct. 12, 2012. The bank said it made $5.3 billion in earnings for common shareholders, a widely used measurement, from July through September, up 36 percent from the same period a year ago. (AP Photo/dapd,Timur Emek)

This Thursday, Oct. 11, 2012, photo shows a JPMorgan Chase branch office in Oklahoma City. JPMorgan Chase, the country's biggest bank by assets, reported a record quarterly profit Friday, Oct. 12, 2012. The bank said it made $5.3 billion in earnings for common shareholders, a widely used measurement, from July through September, up 36 percent from the same period a year ago. (AP Photo/Sue Ogrocki)

(AP) ? JPMorgan Chase, the country's biggest bank, reported a record quarterly profit Friday, helped by a surge in mortgage refinancing. CEO Jamie Dimon said he believed the housing market "has turned a corner."

The bank made $5.3 billion from July through September, up 36 percent from the same period a year ago. It worked out to $1.40 per share, blowing away the $1.21 predicted by analysts polled by FactSet, a provider of financial data.

Revenue rose 6 percent to $25.9 billion, beating expectations of $24.4 billion. Earnings were also helped because the bank set aside less money for bad loans ? $1.8 billion, down 26 percent from a year ago.

Revenue from mortgage loans shot up 29 percent. About three-quarters of that was from people refinancing, rather than buying new homes. Low interest rates and government help encouraged homeowners to refinance.

A Federal Reserve survey earlier this week found that a stronger housing market helped economic growth in almost every part of the country. Home sales are up, prices are rising more consistently in most places, and builders are more confident.

Dimon noted that the bank was still seeing a high level of souring mortgage loans, and said he expects high default-related expenses "for a while longer." And he noted homeowners are still struggling under mortgages they can't afford, saying the bank was working to modify those loans.

The bank gave few details on the surprise $6 billion trading loss that dominated its previous earnings report. It did mention that a credit portfolio moved to the investment bank from the chief investment office, which was responsible for the bad trade, "experienced a modest loss."

The bank set aside an extra $684 million for legal expenses. Chief financial officer Doug Braunstein said the reserves were related to "a variety of issues," and not just a lawsuit filed last week by the New York attorney general over mortgage-backed securities sold by Bear Stearns. JPMorgan bought Bear Stearns as it veered toward collapse in 2008.

Dimon said he couldn't predict how much the bank would have to spend in the future.

"Obviously we're in a litigious society," he said on a call with reporters. "We have a lot of mortgage suits coming and others. ... Hopefully it will come down over time but we can't promise you that."

The number of employees was up about 1 percent over the year. But it fell about 1 percent compared with the previous quarter. The bank shed about 3,300 jobs to 259,550.

Dimon said he believed the number of workers would continue to come down, partly because the bank will need fewer people to handle problem mortgages but also because the company would continue to look for efficiencies.

He declined to give specifics on how bonus season might play out early next year. "The company's doing quite well, and we want to pay our people fairly and properly as we always have," he said.

Dimon also declined to answer a question about what the board of directors might decide about his own pay. Some had speculated it would be cut because of the trading scandal.

"I would never tell you what our board of directors does, OK?" Dimon said. He was paid $23 million last year, mostly in stock awards.

JPMorgan's investment banking unit earned more in fees for underwriting stock offerings and debt offerings, which could signal that wary companies and investors are more willing to get back into the market.

Debit card revenue fell, which the bank attributed to new rules crimping the fees that banks charge stores whenever customers pay via debit card.

JPMorgan stock was down 22 cents in premarket trading at $41.88. The stock was as low as $31 in early June, after the bank announced the trading loss, which later ballooned to $6 billion.

The bank's revenue was slightly lower, $25.1 billion, when adjusted for a controversial accounting rule that penalizes banks when the bonds they issue to investors look safer and rise in value.

The theory behind the rule, in place since 2007, is that it would cost banks more to buy those bonds back from investors. The rule has been sharply criticized by the banking industry, including by Dimon, and could be phased out as early as next year.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-10-12-Earns-JPMorgan%20Chase/id-defb13ec21be40a0a92a1a4d8fce7c1c

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Islamic militants help seize missile base in Syria

BEIRUT (AP) ? Fighters from a shadowy militant group with suspected links to al-Qaida joined Syrian rebels in seizing a government missile defense base in northern Syria on Friday, according to activists and amateur video.

It was unclear if the rebels were able to hold the base after the attack, and analysts questioned whether they would be able to make use of any of the missiles they may have spirited away.

Nevertheless, the assault underscored fears of advanced weaponry falling into the hands of extremists playing an increasingly large role in Syria's civil war.

Videos purportedly shot inside the air defense base and posted online stated that the extremist group, Jabhat al-Nusra, participated in the overnight battle near the village of al-Taaneh, five kilometers (three miles) east of the country's largest city, Aleppo. The videos show dozens of fighters inside the base near a radar tower, along with rows of large missiles, some on the backs of trucks.

A report by a correspondent with the Arabic satellite network Al-Jazeera who visited the base Friday said Jabhat al-Nusra took the lead in the attack, killing three guards and taking others prisoner before seizing the base. The report showed a number of missiles and charred buildings, as well as fighters wearing black masks.

Two Aleppo-based activists and Rami Abdul-Rahman, head of the Syrian Observatory for Human Rights, also said Jabhat al-Nusra fought in the battle with other rebel groups. They disputed the notion that the extremist group had the lead role in the attack, however.

It was impossible to independently verify the videos and conflicting reports because of restrictions on reporting in Syria.

Despite Western opposition to President Bashar Assad's regime, the U.S. and other countries have cited the presence of extremists among the rebels as a reason not to supply the Syrian insurgents with weapons. They have repeatedly cited concerns of heavy weaponry falling into wrong hands.

Rebel leaders argue that arms shortages mean they'll take aid from whoever offers it, regardless of their ideology.

The capture of the base also plays into fears about extremists acquiring Syria's chemical and biological weapons ? particularly if the Assad regime collapses and loses control of them.

Neighboring Jordan's King Abdullah II fears such weapons could go to al-Qaida or other militants, primarily the Iranian-allied Lebanese Hezbollah. The U.S. has sent about 150 troops to Jordan, largely Army special operations forces, to bolster the kingdom's military capabilities in the event Syria's civil war escalates.

Syria is believed to have one of the world's largest chemical weapons programs, and the regime has said it might use the weapons against external threats, though not against Syrians.

Western powers ? and many Syrians ? worry that Islamist extremists are playing an increasing role in Syria's civil war, which started in March 2011 as a mostly peaceful uprising against Assad.

Little is known about Jabhat al-Nusra, or the Support Front, which began claiming attacks in Syria earlier this year in postings on jihadi forums often used by al-Qaida. While neither group has officially acknowledged a link to the other, analysts say al-Nusra's tactics, rhetoric and use of al-Qaida forums point to an affiliation.

Activists on the ground say the group is known for fighting on the front lines in harsh battles and goes out of its way not to show up in activist videos.

"Most brigades want to be filmed in operations so they can get support, but al-Nusra doesn't allow any filming," Aleppo activist Mohammed Abu Omar said via Skype.

The base captured Friday is part of the large air defense infrastructure Syria has built across the country over the years, mostly for use in a possible war with archenemy Israel.

Last week, the rebels reported seizing another air defense base outside the capital, Damascus, as well as a base in the southern province of Daraa. Online videos show them torching vehicles and seizing dozens of boxes of ammunition in the Daraa base.

The storming of these bases by the poorly armed rebels is an embarrassment to the Assad regime, but analysts say the missiles are unlikely to benefit the insurgents.

Pieter Wezeman of the Stockholm International Peace Research Institute identified the missiles in Friday's video as S-75 surface-to-air missiles, which he said are old and hard to move and fire.

"They are outdated and difficult to operate, just not made for use by guerrilla forces not trained in using these things," he said.

The regime, which has received much more advanced surface-to-air missiles from Russia in recent years, probably did not make defending the site a priority, he said.

It also remains unclear if the rebels held the base after storming it. Rebel forces are largely helpless against the regime's attack jets and helicopters, which bomb rebel and civilians areas daily.

One Aleppo activist said the rebels had taken all the munitions they could from the base, and he hoped they could find a way to use the missiles against Assad's air force.

"We have asked all countries to help us with anti-aircraft weapons and no one has, so hopefully these will help," said the activist, Mohammed Saeed.

In any case, it was not clear how much the rebels would be able to make use of the missiles.

"Anyone trying to use these will need to be extremely well trained both in fueling up the missiles and then tracking the target and using the fire control radar," said Jim O'Halloran, an expert in air defense systems at IHS Jane's.

Meanwhile, the fallout deepened from a Syrian passenger jet forced to land in neighboring Turkey, as Russia said the plane traveling from Moscow to Damascus was carrying radar parts that were being transported legally.

Russian Foreign Minister Sergey Lavrov insisted the plane was carrying a legitimate cargo of "electric equipment for radars," but he added that it was of "dual purpose," meaning it could have civilian and military applications.

"It's not forbidden by any international conventions," Lavrov said, adding that the Russian company that sent it to Syria will demand that Turkey return the cargo. He didn't name the Russian company or the cargo's recipient in Syria.

Russia has been Assad's main supporter and ally, shielding him from international sanctions over his crackdown on the uprising.

Turkey's prime minister has said the plane was carrying ammunition and military equipment for the Syrian Defense Ministry. Turkish fighter jets intercepted the Syrian Airbus A320 on Wednesday amid heightened tensions between Turkey and Syria, fueled by recent cross-border shelling from Syria that killed five Turkish civilians.

Tensions continued Friday as Turkey's military scrambled two F-16 fighter jets after a Syrian attack helicopter was seen over a Syrian border town where rebels and regime troops have been clashing for days, Turkey's Dogan news agency reported.

It said the jets were sent to the border to prevent a possible incursion into Turkey by the helicopter, which soon disappeared from view.

Turkey's Foreign Ministry and military did not immediately confirm the report.

The Syrian Observatory for Human Rights said it recorded on Thursday its highest one-day death toll for government soldiers ? 92 ? since the start of the conflict.

It said most of the deaths took place in Idlib province, where some 20 soldiers were killed in a rebel attack on a government checkpoint.

Activists say more than 32,000 people have been killed as the conflict has evolved from a peaceful uprising to a brutal battle between rebels and government troops. Hundreds of thousands of Syrians have fled the fighting to neighboring countries.

___

Associated Press writers Elizabeth A. Kennedy in Beirut, Suzan Fraser in Ankara, Turkey, and Vladimir Isachenkov in Moscow contributed to this report.

Source: http://news.yahoo.com/islamic-militants-help-seize-missile-syria-184543150.html

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Friday, September 28, 2012

Simulations uncover 'flashy' secrets of merging black holes

ScienceDaily (Sep. 27, 2012) ? According to Einstein, whenever massive objects interact, they produce gravitational waves -- distortions in the very fabric of space and time -- that ripple outward across the universe at the speed of light. While astronomers have found indirect evidence of these disturbances, the waves have so far eluded direct detection. Ground-based observatories designed to find them are on the verge of achieving greater sensitivities, and many scientists think that this discovery is just a few years away.

Catching gravitational waves from some of the strongest sources -- colliding black holes with millions of times the sun's mass -- will take a little longer. These waves undulate so slowly that they won't be detectable by ground-based facilities. Instead, scientists will need much larger space-based instruments, such as the proposed Laser Interferometer Space Antenna, which was endorsed as a high-priority future project by the astronomical community.

A team that includes astrophysicists at NASA's Goddard Space Flight Center in Greenbelt, Md., is looking forward to that day by using computational models to explore the mergers of supersized black holes. Their most recent work investigates what kind of "flash" might be seen by telescopes when astronomers ultimately find gravitational signals from such an event.

Studying gravitational waves will give astrophysicists an unprecedented opportunity to witness the universe's most extreme phenomena, leading to new insights into the fundamental laws of physics, the death of stars, the birth of black holes and, perhaps, the earliest moments of the universe.

A black hole is an object so massive that nothing, not even light, can escape its gravitational grip. Most big galaxies, including our own Milky Way, contain a central black hole weighing millions of times the sun's mass, and when two galaxies collide, their monster black holes settle into a close binary system.

"The black holes orbit each other and lose orbital energy by emitting strong gravitational waves, and this causes their orbits to shrink. The black holes spiral toward each other and eventually merge," said Goddard astrophysicist John Baker.

Close to these titanic, rapidly moving masses, space and time become repeatedly flexed and warped. Just as a disturbance forms ripples on the surface of a pond, drives seismic waves through Earth, or puts the jiggle in a bowl of Jell-O, the cyclic flexing of space-time near binary black holes produces waves of distortion that race across the universe.

While gravitational waves promise to tell astronomers many things about the bodies that created them, they cannot provide one crucial piece of information -- the precise position of the source. So to really understand a merger event, researchers need an accompanying electromagnetic signal -- a flash of light, ranging from radio waves to X-rays -- that will allow telescopes to pinpoint the merger's host galaxy.

Understanding the electromagnetic counterparts that may accompany a merger involves the daunting task of tracking the complex interactions between the black holes, which can be moving at more than half the speed of light in the last few orbits, and the disks of hot, magnetized gas that surround them. Since 2010, numerous studies using simplifying assumptions have found that mergers could produce a burst of light, but no one knew how commonly this occurred or whether the emission would be strong enough to be detectable from Earth.

To explore the problem in greater detail, a team led by Bruno Giacomazzo at the University of Colorado, Boulder, and including Baker developed computer simulations that for the first time show what happens in the magnetized gas (also called a plasma) in the last stages of a black hole merger. Their study was published in the June 10 edition of The Astrophysical Journal Letters.

The simulations follow the complex electrical and magnetic interactions in the ionized gas -- known as magnetohydrodynamics -- within the extreme gravitational environment determined by the equations of Einstein's general relativity, a task requiring the use of advanced numerical codes and fast supercomputers.

Both of the simulations reported in the study were run on the Pleiades supercomputer at NASA's Ames Research Center in Moffett Field, Calif. They follow the black holes over their last three orbits and subsequent merger using models both with and without a magnetic field in the gas disk.

Additional simulations were run on the Ranger and Discover supercomputers, respectively located at the University of Texas, Austin, and the NASA Center for Climate Simulations at Goddard, in order to investigate the effects of different initial conditions, fewer orbits and other variations.

"What's striking in the magnetic simulation is that the disk's initial magnetic field is rapidly intensified by about 100 times, and the merged black hole is surrounded by a hotter, denser, thinner accretion disk than in the unmagnetized case," Giacomazzo explained.

In the turbulent environment near the merging black holes, the magnetic field intensifies as it becomes twisted and compressed. The team suggests that running the simulation for additional orbits would result in even greater amplification.

The most interesting outcome of the magnetic simulation is the development of a funnel-like structure -- a cleared-out zone that extends up out of the accretion disk near the merged black hole. "This is exactly the type of structure needed to drive the particle jets we see from the centers of black-hole-powered active galaxies," Giacomazzo said.

The most important aspect of the study is the brightness of the merger's flash. The team finds that the magnetic model produces beamed emission that is some 10,000 times brighter than those seen in previous studies, which took the simplifying step of ignoring plasma effects in the merging disks.

"We need gravitational waves to confirm that a black hole merger has occurred, but if we can understand the electromagnetic signatures from mergers well enough, perhaps we can search for candidate events even before we have a space-based gravitational wave observatory," Baker said.

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Story Source:

The above story is reprinted from materials provided by NASA.

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


Journal Reference:

  1. Bruno Giacomazzo, John G. Baker, M. Coleman Miller, Christopher S. Reynolds, James R. van Meter. General Relativistic Simulations of Magnetized Plasmas Around Merging Supermassive Black Holes. The Astrophysical Journal, 2012; 752 (1): L15 DOI: 10.1088/2041-8205/752/1/L15

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

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

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/~3/zg8MOGPtlkE/120927153118.htm

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Monday, September 24, 2012

Obama takes credit for Ohio jobs recovery

The Mystery Of Barack Obama Continues

Rocmike aka American Patriot is starting today's posting marathon off with Southern, John Wilson, Anonymous and Mike Weaver who is still posting at 5.30 am est.. We are in store of this idiot posting for hours and hours alias after alias repeating the same thing over and over and going to old ...

Source: http://aolanswers.com/questions/obama-takes-credit-ohio-jobs_149136118284835?src=rss:qbp:qbpi

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Thursday, September 13, 2012

Agreement near in Chicago teachers strike, no school Friday

CHICAGO (Reuters) - The Chicago Teachers Union said on Thursday a deal was near to end a four-day strike in the nation's third-largest school district over education reforms sought by Mayor Rahm Emanuel, but a deal will not be reached in time to reopen schools on Friday.

"We are optimistic, but we are still hammering things out. Schools will not open Friday," union president Karen Lewis said in a statement on Thursday.

Lewis said the union House of Delegates will meet at 2 p.m. local time Friday (3 p.m. EDT) to provide an update on the talks. Lewis has said she would need the approval of that body to seal a deal.

The strike by 29,000 public school teachers and support staff, affecting 350,000 elementary and high school students, is the biggest strike in the United States this year.

Lewis, who called Emanuel a "bully" and "liar" before leading teachers on their first strike in 25 years, struck a conciliatory tone after late-night talks on Wednesday.

Barbara Byrd-Bennett, chief education adviser for Chicago Public Schools, told reporters on Thursday: "Given what happened last night, and the progress last night and early this morning with our team ... there's no way - unless we get, like, really nutsy - that we could not have an agreement."

As for schools reopening on Monday, Lewis said: "I'm praying, praying, praying - I'm on my knees - for that, please, yes, I'm hoping for Monday."

COMPROMISE ON TESTING

Lewis said there was progress on the two most vexing issues - using student test scores to evaluate teachers and giving more authority to local principals to hire teachers.

The union is concerned that more than a quarter of its membership could be fired because the teachers work in poor neighborhoods where students perform badly on standardized tests, which Emanuel wants to use to evaluate teachers.

Emanuel's negotiators released a copy of their latest compromise offer teacher evaluations. The mayor's proposal would phase in the new teacher evaluation system over five years and give no more than 20 percent weight to standardized tests. Classroom observations and a survey of students would also be used to evaluate teachers.

Other unresolved issues include the role of principals in hiring teachers and what happens when a school closes and teachers face layoffs.

The union fears Emanuel plans to close scores of schools, putting unionized teachers out of work. In recent years, about 100 public schools have been closed, with officials usually citing low enrollment. At the same time, a similar number of publicly funded, non-union charter schools have opened.

About 52,000 students enrolled at those schools have not been affected by the strike this week.

The strike in Barack Obama's home city has put the U.S. president in a tough spot. Emanuel is a former top aide to Obama and the president is counting on labor unions to drum up support for his re-election on November 6.

Obama's own Education Department has championed some of the reforms Emanuel is seeking, and a win for the ambitious Chicago mayor would add momentum to the national school reform movement.

Both sides agree Chicago schools need fixing. Chicago students consistently perform poorly on standardized math and reading tests. About 60 percent of high school students graduate, compared with 75 percent nationwide and more than 90 percent in some affluent Chicago suburban schools.

The fight does not appear to center on wages, with the school district offering an average 16 percent increase over four years and some benefit improvements. Chicago schools already have a projected $665 million budget gap for the year that began in July, a key factor driving Emanuel's reforms.

More than 80 percent of Chicago public school students qualify for free school lunches because they come from low-income households.

"Teachers feel beaten down throughout the country," said Randi Weingarten, national president of the union including the Chicago teachers. "They feel beaten down because of austerity, because of test- rather than teacher-driven policies, because of a spike in poverty, because of the demand on them to do more with less - and then blame them when that doesn't work out."

"That's what's created all the frustration that you hear on the picket line," she said.

(Additional reporting by James Kelleher, Nick Carey and Greg McCune; Writing by Peter Bohan; Editing by Xavier Briand and Stacey Joyce)

Source: http://news.yahoo.com/both-sides-dug-chicago-teachers-strike-drags-011829083.html

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This Vintage Pedometer Is More Beautiful Than Most Watches [Past Perfect]

In a world that's fat and getting fatter, any inducement to get up and move is both welcome and encouraged. One reason to take a hike, beyond physical health and vanity, is the access to some stylish classic gadgets, like this vintage ankle pedometer. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/ADI8p90HbYY/this-vintage-pedometer-is-more-beautiful-than-most-watches

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Bond-a-Thond #14: 'A View To A Kill' (1985)

MTV Movies Blog is currently running what we call the Bond-a-Thond. Every week we're taking a look back at a single (official) Bond film, giving you the vitals and seeing how it holds up, right up until the release of "Skyfall" on November 9. Feel free to watch along with us and share your thoughts [...]

Source: http://moviesblog.mtv.com/2012/09/13/bond-a-thond-a-view-to-a-kill/

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Friday, September 7, 2012

UN: No evidence of new food price crisis

(AP) ? The U.N.'s Food and Agriculture Organization says current prices do not justify talk of a new world food crisis.

Director-General Jose Graziano da Silva says the latest data is "reassuring." Agency officials say the food price index of basic foods remained unchanged in August from July.

FAO official David Hallam told reporters in Rome on Thursday that "there is no strong evidence" to suggest another food price crisis, such as that which sparked unrest in the developing world in 2007-2008.

FAO's latest monthly report found that while there was no overall rise in food prices last month, prices are still high.

While meat and dairy prices rose, sugar prices fell sharply. July's index had reflected soaring prices amid droughts affecting corn and wheat crops.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-09-06-UN-Food%20Prices/id-bec710a2340745baaaf58ae06f9a10eb

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Friday, August 31, 2012

A bountiful harvest of awards for Agropur cheeses - Food and Drink ...

LONGUEUIL, QC, Aug. 30, 2012 /PRNewswire/ - During the course of this summer, which is fast drawing to a close, Agropur Cooperative posted excellent results at numerous international cheese competitions, garnering 19 prizes, including 9 first-place finishes, at events such as the one hosted by the American Cheese Society, the Wisconsin State Fair and the International Cheese Awards. Following on the successes of recent years, the Cooperative was recognized for the quality and excellence of many of its cheese at these major competitions.

According to Robert Coallier, CEO of Agropur: "Backed by close to 75 years of experience and advances in the dairy industry, our Cooperative continues to redouble its efforts to expand and improve its line of fine cheeses. We can always rely on our master cheesemakers and outstanding teams to propel us to new heights on the national and international stage years after year, and to provide our customers with exceptional products."

American Cheese Society
In Raleigh, North Carolina, August 1 to 4, 2012
The objective of this event is to support North American artisans and the cheese industry as a whole. Founded in 1983, the ACS provides education, business development and networking opportunities for targeted members of the industry, while continuously striving to improve the quality and availability of their cheeses throughout North America.

Prizes won by Agropur at the American Cheese Society:

  • 1st place
    • Rondoux Triple Cr?me, in the Triple Cr?me - soft ripened/cream added - all milks category
    • All?gro probio 7 %, in the Fat Free and Low Fat cheeses category
  • 2nd place
    • Chevalier Triple Cr?me, in the Triple Cr?me - soft ripened/cream added - all milks category
    • OKA with Mushrooms, in the Cheeses flavored with herbs, fruits, vegetables, truffles, flowers, syrups - all milks category
    • OKA Raclette, in the Open Category - made from cow's milk
  • 3rd place:
    • Brie Normandie, in the Brie - made from cow's milk category
    • Grand Camembert L'Extra, in the Camembert - made from cow's milk category
    • Champfleury, in the Open Category - made from cow's milk

Wisconsin State Fair
In West Allis, Wisconsin, June 21, 2012
This event, which is organized for Wisconsin producers, showcased close to 300 products in 26 different categories. The two facilities that Agropur operates in the state of Wisconsin were in the running, and earned the following awards:

  • 1st place:
    • Cheddar, in the Mild Cheddar category
    • Mozzarella, in the Mozzarella category
    • Feta, in the Feta category
    • Feta, basil and tomato, in the Flavored Soft Cheese category
  • 2nd place:
    • Feta, basil and tomato, in the Flavored Soft Cheese category
  • 3rd place:
    • Mozzarella, in the Mozzarella category
    • Peppercorn Feta, in the Flavored Soft Cheese category

International Cheese Awards
In Nantwich, United Kingdom, July 25, 2012
The ICA, which is the largest competition of its kind, has been around for 115 years. A total of 156 expert judges were tasked with judging close to 4,000 cheeses from 27 countries.

Agropur performed extremely well, winning awards for its Grand Cheddar: Gold in the "Best Overseas Cheese" category and Gold in the "Cheese made from unpasteurised milk" category. In addition, the Cooperative was awarded the John Webb Trophy for the "Best cheese made from unpasteurised milk".

About Agropur
Founded in 1938, Agropur is a leader in the Canadian dairy industry. With sales of $3.6?billion, the Cooperative is a source of pride for its 3,349 dairy producer members and 5,700 employees. Agropur processes more than 3 billion litres of milk per year in its 27 plants located in Canada, the United States and Argentina. It markets an impressive line of products, including such well-known brands as Natrel, Qu?bon, Oka, Sealtest and Island Farms.

To learn more about Agropur, please visit www.agropur.com.

SOURCE AGROPUR

Source: http://www.foodanddrinkdigital.com/press_releases/a-bountiful-harvest-of-awards-for-agropur-cheeses

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Who Is Responsible If You Are Buying A For Sale By Owner ...

questions

Q: Who is responsible in CT if you are a buyer in a for sale by owner? My real estate agent is not getting the purchase done. We are approved for over asking price and he keeps avoiding making the deal? Does the seller in this situation still pay for agent percentage?
? JillmaeSebastian, Ellington, CT

A: Most For Sale by Owners don?t want to pay a commission. So your Realtor is most likely working for free unless you have an arrangement to compensate them. When you buy a for sale by owner you usually aren?t having any realtors involved which is very risky. convincing the seller to pay a commission can also be tricky. Good Luck!
Rosanne Nitti is a Realtor? with RMN Investments & Realty Services in Laguna Beach, CA.

A: When purchasing a For Sale by Owner, your agent should be representing you. You need to ask your agent why a Purchase Contract has not be written up between you and the seller. A For Sale By Owner is not obligated to pay an agent commission unless there is something in writing.
Sandy Straley is a Realtor? in Layton, UT.

Are you interested in having a qualified REALTOR answer your questions? Click through to Ask a REALTOR? now.

Are you a REALTOR who would like to answer consumer questions? Click through to become an Ask a REALTOR? participant.

Related posts:

  1. How Do I Purchase A For Sale By Owner Home When I Have A Buyer?s Agent?
  2. Should I Use A Realtor To Buy A For Sale By Owner Home?
  3. If We Look At FSBO Houses Will We Still Owe Commission To Our Realtor?
  4. Can A Broker Who Is Buying A Property Directly From A Seller Also Collect A Commission?
  5. Can a Listing Agent Act As The Buyer?s Agent In A Short Sale?

Source: http://www.realtor.com/blogs/2012/08/30/who-is-responsible-if-you-are-buying-a-for-sale-by-owner/

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Great electrical services











For the maintenance of your home, you need to look out for the best professionals there are in the business. While there are several jobs that you will be able to undertake on your own, there are a few that need the expert eye of a professional. One of these is the electrical work of your home.

Electrical services in South London are plenty and you will have no problem narrowing down on a service provider of your choice. Your assessment will have to be broadly based on where they are located, the services they provide, the price at which they work and the quality of the work done. To find a service that best suits you, it would make sense to ask for recommendations. Using these will help you find a service that has been tried and tested.

Many people who are comfortable with DIY projects may wonder on the need for a professional for such jobs. While changing a bulb or fuse is simple enough, fixing a broken socket or working on rewiring is much more complicated. If these jobs are not done the right way, they can prove to be dangerous. You or a member of the family could suffer from a shock, or you could end up creating a fire hazard. There are also chances that you end up with a short circuit, plunging the whole house in darkness.

To avoid all of this, calling in the expert would be a good idea. Such professionals will be well versed with the trade and will also be able to analyse a particular electrical set up. They will be able to anticipate any issues that may arise. They also come prepared for almost all scenarios, something which you will not always be able to do.

Some of the services that you should look out for are availability of the service over weekends, late nights and public holidays. Some services charge for this facility, but it is a worthwhile one to have. You should also be able to discuss the quality of materials being used and the guarantee on how long they will last. Ask for references that are within a three year bracket. Call up these references and ask about the quality of work and the promptness of completion.

Once you are satisfied with all aspects, it would be best to get the work detailed out in a written agreement.

Electricians south london provide safe and practical electrical installations. Visit Electrical Initiative, is a full service, highly professional electrical contracting company. For more detail vist our website www.electriciansouthlondon.com

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Thursday, August 30, 2012

Keith Urban To Participate In Special Educational Progam At The ...

Photo By Damian Bennett

Four-time Grammy Award winner and former CMA Entertainer of the Year honoree Keith Urban will participate in a special Country Music Hall of Fame? and Museum educational program for selected Metro Nashville Public School high school students on Thursday, September 6th, at 10:00 a.m. CDT.? All Access: Keith Urban will take place in the museum?s Ford Theater.???

Although the program is not open to the public and the school registration period is closed, the event will be live-streamed at www.countrymusichalloffame.org and www.keithurban.net.?? Interested educators and music fans are encouraged to watch online.? The 75-minute program will be moderated by Museum Editor Michael Gray.?

?We?re thrilled to offer music and arts students from several Metro Nashville Public Schools the chance to get ?up close and personal? with one of country music?s great talents, Keith Urban,? said Ali Tonn, the museum?s director of education and public programs.? ?In this special program, students will hear Keith talk about the craft of songwriting, his influences and creative inspirations, seminal moments in his career and more.? They will also have the opportunity to ask him questions.? This program is the first of its kind for the museum and will serve as a ?pilot? of sorts; we hope to be able to offer more All Access educational programs when our museum expansion is completed in 2014.??

Urban has for years been a generous supporter of the museum:? His annual We?re All for the Hall concerts, which began in 2009, have raised approximately $1.5 million to date, and exponentially increased awareness of the institution and its mission.?

Source: http://www.countrymusicrocks.net/2012/08/keith-urban-to-participate-in-special-educational-progam-at-the-country-music-hall-of-fame-and-museum.html?utm_source=rss&utm_medium=rss&utm_campaign=keith-urban-to-participate-in-special-educational-progam-at-the-country-music-hall-of-fame-and-museum

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Wednesday, August 29, 2012

Merging the biological and the electronic

Monday, August 27, 2012

Harvard scientists have, for the first, time created a type of "cyborg" tissue by embedding a three-dimensional network of functional, bio-compatible nanoscale wires into engineered human tissues.

As described in a paper published August 26 in Nature Materials, a multi-institutional research team led by Charles M. Lieber, the Mark Hyman, Jr. Professor of Chemistry at Harvard and Daniel Kohane, a Harvard Medical School professor in the Department of Anesthesia at Children's Hospital Boston developed a system for creating nanoscale "scaffolds" which could be seeded with cells which later grew into tissue.

Also contributing to the work were Robert Langer, from the Koch Institute at the Massachusetts Institute of Technology, and Zhigang Suo, the Allen E. and Marilyn M. Puckett Professor of Mechanics and Materials at Harvard's School of Engineering and Applied Sciences.

"The current methods we have for monitoring or interacting with living systems are limited," said Lieber. "We can use electrodes to measure activity in cells or tissue, but that damages them. With this technology, for the first time, we can work at the same scale as the unit of biological system without interrupting it. Ultimately, this is about merging tissue with electronics in a way that it becomes difficult to determine where the tissue ends and the electronics begin."

The research addresses a concern that has long been associated with work on bioengineered tissue ? how to create systems capable of sensing chemical or electrical changes in the tissue after it has been grown and implanted. The system might also represent a solution to researchers' struggles in developing methods to directly stimulate engineered tissues and measure cellular reactions.

"In the body, the autonomic nervous system keeps track of pH, chemistry, oxygen and other factors, and triggers responses as needed," Kohane explained. "We need to be able to mimic the kind of intrinsic feedback loops the body has evolved in order to maintain fine control at the cellular and tissue level."

Using the autonomic nervous system as inspiration, Bozhi Tian, a former doctoral student under Lieber and former postdoctoral fellow in the Kohane and Langer labs, and collaborator Jia Liu worked in Lieber's lab at Harvard to build mesh-like networks of nanoscale silicon wires?about 30 - 80 nm in diameter?shaped like flat planes or in a reticular conformation.

The process of building the networks, Lieber said, is similar to that used to etch microchips.

Beginning with a two-dimensional substrate, researchers laid out a mesh of organic polymer around nanoscale wires, which serve as the critical nanoscale sensing elements. Nanoscale electrodes, which connect the nanowire elements, were then built within the mesh to enable nanowire transistors to measure the activity in cells without damaging them. Once complete, the substrate was dissolved, leaving researchers with a net-like sponge or a mesh that can be folded or rolled into a host of three dimensional shapes.

Once complete, the networks were porous enough to allow the team to seed them with cells and encourage those cells to grow in 3D cultures.

"Previous efforts to create bioengineered sensing networks have focused on two-dimensional layouts, where culture cells grow on top of electronic components, or on conformal layouts where probes are placed on tissue surfaces," said Tian. "It is desirable to have an accurate picture of cellular behavior within the 3D structure of a tissue, and it is also important to have nanoscale probes to avoid disruption of either cellular or tissue architecture."

Using heart and nerve cells, the team successfully engineered tissues containing embedded nanoscale networks without affecting the cells' viability or activity. Using the embedded devices, they were able to detect electrical signals generated by cells deep within the tissue, and to measure changes in those signals in response to cardio- or neuro-stimulating drugs.

Researchers were also able to construct bioengineered blood vessels, and used the embedded technology to measure pH changes ? as would be seen in response to inflammation, ischemia and other biochemical or cellular environments ? both inside and outside the vessels.

Though a number of potential applications exist for the technology, the most near-term use, Lieber said, may come from the pharmaceutical industry, where researchers could use the technology to more precisely study how newly-developed drugs act in three dimensional tissues, rather than thin layers of cultured cells. The system might also one day be used to monitor changes inside the body and react accordingly, whether through electrical stimulation or the release of a drug.

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Harvard University: http://www.harvard.edu

Thanks to Harvard University for this article.

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Source: http://www.labspaces.net/122941/Merging_the_biological_and_the_electronic

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