Saturday, December 31, 2011

New Year cheer starts early in time-jumping Samoa (AP)

APIA, Samoa ? Cheers erupted in the streets of Samoa on Sunday as New Year's Eve revelers on the South Pacific island nation greeted the start of 2012 with extra excitement: For once, they were the first in the world to welcome the new year, rather than the last.

The celebrations had really begun a full 24 hours earlier, when Samoa and neighboring Tokelau hopped across the international date line, skipping Friday and moving instantly from Thursday to Saturday. The time-jump revelry that began as 12:01 a.m. on Dec. 31 spilled into the night, with Samoans and tourists crowding around beaches and pools to toast the start of the new year.

Samoa and Tokelau lie near the date line that zigzags vertically through the Pacific Ocean, and both sets of islands decided to realign themselves this year from the Americas side of the line to the Asia side, to be more in tune with key trading partners.

"Everyone is happy right now," said Mao Visita, who was celebrating the beginning of the new year at the popular Aggie Grey's hotel in the capital, Apia. "The party is still going on with plenty of music."

Things were slightly less festive in New Zealand, the next major country to welcome 2012, where torrential rains and thunderstorms canceled fireworks displays in the capital, Wellington, the North Island city of Palmerston North and at the popular Mount Maunganui beach area. Aucklanders had better luck, with thousands crowding the city to watch a glittering fireworks display over Sky Tower.

Elsewhere across the globe, people prepared to say goodbye to a year that was marked by upheaval and mass protests in several Arab countries, economic turmoil and a seemingly endless string of devastating natural disasters.

World leaders evoked the year's events in their New Year's messages. U.N. Secretary-General Ban Ki-moon, who starts his second term on New Year's Day, said he wants to help ensure and sustain the moves toward democracy protesters sought in the Arab Spring.

German Chancellor Angela Merkel said the new year would be more difficult than 2011 but that dealing with Europe's debt crisis would bring the countries closer. Prime Minister Vladimir Putin wished well-being and prosperity to all Russians "regardless of their political persuasion" after large-scale protests against him.

In Australia, more than a million people were crowded along the shores of Sydney's shimmering harbor, awaiting the midnight fireworks extravaganza over Harbour Bridge. The display was designed around the theme "Time to Dream," a nod to the eagerness many felt at moving forward after the rough year.

Some of the fireworks were expected to explode in the shape of clouds ? "Because every cloud has a silver lining," said Aneurin Coffey, the producer of Sydney's festivities. Colorful lights will be beamed onto the center of the bridge forming an "endless rainbow" meant to evoke hope.

Many were eager for a fresh start.

"I've had enough this year," said 68-year-old Sandra Cameron, who lost nearly everything she owned when her home in Australia's Queensland state was flooded to the ceiling during a cyclone in February. "It's gotta be a better year next year."

For Japan, 2011 was the year the nation was struck by a giant tsunami and earthquake that left an entire coastline destroyed, nearly 20,000 people dead or missing and the Fukushima Dai-ichi nuclear power plant in meltdown.

At the year's end, many were reflecting on the fragility of life, while quietly determined to recover.

"For me, the biggest thing that defined this year was the disaster in March," said Miku Sano, 28, a nursing student in Fukushima city. "Honestly, I didn't know what to say to these people, who had to fight sickness while living in fear about ever being able to go back home. The radiation levels in the city of Fukushima, where I live, are definitely not low, and we don't know how that is going to affect our health in the future."

People in Japan were expected to spend Saturday visiting shrines and temples, offering their first prayers for the year. The giant hanging bells at temples will ring 108 times to purify the world of evil and bring good luck.

University student Kouichi Takayama said 2011 was a year he would never forget.

"It was a year I felt the preciousness of life with a passion," he said. "But I was also able to catch a glimpse of the warmth of human relations, and reconfirm my gratitude for family, community and everyday life. I hope I can connect meaningfully with more people next year to create a Japan that truly endures toward the future."

In the southern Philippine city of Cagayan de Oro, people were still coping with the aftermath of a tropical storm and flash flooding that killed more than 1,200.

For Ana Caneda, a disaster relief official in the badly hit city, the new year "offers a new ray of hope."

"It's going to be a relief to write the date 2012, not 2011," Caneda said.

In Hong Kong, more than 400,000 people were expected to watch a 4-minute, $1 million display of fireworks that will shoot off from 10 skyscrapers, lighting up Victoria Harbour.

Raymond Lo, a master of feng shui ? the Chinese art of arranging objects and choosing dates to improve luck ? said he wasn't surprised that 2011 was such a tumultuous year because it was associated with the natural elements of metal and wood. The year's natural disasters were foreshadowed, Lo said, because wood ? which represents trees and nature ? was attacked by metal.

2012 could be better because it's associated with ocean water, which represents energy and drive and the washing away of old habits, Lo said.

"Big water also means charity, generosity," Lo said. "Therefore that means sharing. That means maybe the big tycoons will share some of their wealth."

___

Gelineau reported from Sydney. Associated Press writers Ray Lilley in Wellington, New Zealand, Teresa Cerojano in Manila, Philippines, Kelvin Chan in Hong Kong and Yuri Kageyama in Tokyo contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/ap/20111231/ap_on_re_as/new_year_s_eve

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Friday, December 30, 2011

Union benefits teachers

I'm responding to a recent letter titled "Not all teachers alike." As both a teacher and a member of the Volusia Teachers Organization, I fully support any individual's right to choose to join or not join a union.

While it saddens me that the writer feels "almost ashamed to be a teacher" because VTO is so outspoken, I also find it ironic that employees who opt out of joining a union are more than willing to accept the benefits fought for and won by that very same union.

I wonder how many people who don't belong to VTO because they disagree with its message will turn down the next raise we negotiate? I doubt any will, and maybe that is something to feel "almost ashamed" about.

Source: http://www.news-journalonline.com/opinion/letters-to-the-editor/2011/12/29/union-benefits-teachers.html

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Thursday, December 29, 2011

Rene?s most-used iPhone and iPad apps of 2011

My most-used apps of 2011 are probably the built in iPhone and iPad Safari browser, Mail client, and anything and everything Siri can now easily and instantly...


Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/zJpADLw-MWw/story01.htm

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Oil hovers above $101 amid rising Iran tensions

SINGAPORE --?

Oil prices hovered above $101 a barrel amid investor concern that rising Middle East tensions could disrupt crude supplies.

Benchmark crude for February delivery fell 12 cents to $101.22 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.66 to settle at $101.34 in New York on Tuesday.

In London, Brent crude was up 4 cents at $109.31 a barrel on the ICE Futures exchange.

Iran's official news agency IRNA reported Tuesday that Vice President Mohamed Reza Rahimi said his country will close the Strait of Hormuz, cutting off oil exports, if Western nations impose sanctions on Iran's oil shipments.

The U.S., the U.K. and other nations are mulling more sanctions against Iran, the world's fourth-largest oil producer, over concern about its nuclear power program.

The Strait of Hormuz, the choke point of the Persian Gulf, is one of the world's busiest routes for crude shipments with about a sixth of the world's oil production passing through.

If tankers could not use the strait, they would have to take longer, more expensive routes to their destinations, which would likely boost prices.

"We doubt political posturing will turn into action, but oil remains above $100 regardless," energy consultant and trader The Schork Group said in a report.

Schork estimates crude would jump to above $140 if Iran closed the Strait of Hormuz.

Signs the U.S. economy is improving also helped bolster crude. The New York-based Conference Board said its Consumer Confidence Index jumped almost 10 points from November, to 64.5, the highest since April.

The National Retail Federation said it expects a 3.8 percent increase in Christmas holiday sales, up from its forecast of 2.8 percent in September.

In other Nymex trading, heating oil fell 0.4 cent to $2.91 per gallon and gasoline futures slid 0.6 cent at $2.68 per gallon. Natural gas was down 0.7 cent to $3.11 per 1,000 cubic feet.

Source: http://www.lakewyliepilot.com/2011/12/27/1373694/oil-hovers-below-100-amid-low.html

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Wednesday, December 28, 2011

Bite Mark News (Theagitator)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories News, News Feeds and News via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/179712984?client_source=feed&format=rss

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Ericsson Goes From Oil to Mobile

The?head of?telecommunications giant Ericsson's Russia operation, Maria Radtke, was fluent in?English, Swedish, French, German and?Spanish when she arrived in?Moscow in?2010. But she could not speak Russian.

On?the back of?a smattering of?Croatian picked up during a?stint in?that country as well as Russian lessons, nearly two years after her transfer she's able to?express herself to?locals.

"Communication is a?basic human need," she said. Radtke is confident of?Ericsson's ability to?weather any economic storm and?said the?growth of?Internet penetration will significantly raise Russia's gross domestic product.

While Ericsson is fully behind plans to?modernize Russian society and?boost the?innovation economy championed by?President Dmitry Medvedev ? it's even a?strategic partner in?high-technology hub Skolkovo ? the?company was first drawn to?Russia 130 years ago for?a more traditional reason: oil.

Source: http://feedproxy.google.com/~r/themoscowtimes/RUXi/~3/PpZekwQsbT0/450459.html

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Tuesday, December 27, 2011

New Details On TNA?s New Company In India & It?s First Show

Source: Pwinsider

Here is the latest from TNA?s new Ring Ka King promotion in India:

* Pictured above is the entrance set the company is using.

* The Indian talents involved are signed to multi-year contracts.

* The American talents who worked the tapings are not signed to contracts for the Ring Ka King project.

* Matt Morgan won the promotion?s main championship.

* Harry Smith and Chavo Guerrero won the tag team titles

* The crowd heat for the tapings was reportedly great, and wrestlers like Scott Steiner were said to get ?old school, white hot heat.?




Source: http://www.24wrestling.com/new-details-on-tnas-new-company-in-india-its-first-show/

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The Musical Oasis: Christmas Eve NFL Action




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The Musical Oasis: Christmas Eve NFL Action

SOP Radio Network is known for its original programming that blends a mix of music, mentoring and magic. Djelloul Marbrook`s Hot Copy is among the Network`s hottest destinations for advice and insight into the field of journalism. Need a personal trainer? Check into John Basedow`s Fitness Tips and you`ll find inspiration and motivation mixed with sanity and support. Just for fun, visit Crazy World Now where you can escape to a world of irresistible nonsense.

Playlist:

1- `Isolation` Alterbridge

2-` Public Enemy No.1` Megadeth

  • 3- `Face to the Floor` Chevelle

  • ?

    4- `Born to Kill` Airbourne

  • ?

    5- `Hell of a Time` Hellyeah

  • ?

    6- `War is the Answer` Five Finger Deathpunch

  • ?

    Source: http://thesop.org/story/20111224/the-musical-oasis-christmas-eve-nfl-action.html

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    Monday, December 26, 2011

    Winter Wonders: The Science of Cold

    When it comes to science, temperature matters. And when it comes to Wisconsin, things get really, really cold. When the temperature drops, the world around us changes in a practical and scientific sense. For instance, my car is less likely to work (though that may be a function of age rather than weather), and the percentage of water maintaining a crystalline configuration goes up. There are a lot of things to wonder about how a cold world functions, scientifically. These are some of my questions, and their answers:

    1. Will the gasoline in my car?s tank actually ever freeze into a gas-cube?

    Thankfully, no. Even though the car doors might freeze shut, the gasoline will remain conveniently liquid. Gasoline, or petrol if you?re so inclined, is a mixture of substances, namely different kinds of hydrocarbons. Each hydrocarbon freezes at a different temperature. So the overall freezing point of gasoline is hard to pinpoint, but assuredly is quite low. Hydrocarbons solidify at varying degrees of cold, with the ?warmest? freezing point around -77? F/-25? C and the coolest was -320? F/-160? C (Smittenberg et al. 18).

    Bonus fact: Frozen fuel is more of a concern for airplanes, but there are ways to lower the freezing point of jet fuel. For instance, US Patent 7,666,294 B2 was issued last year to Shell Oil Company for a method of mixing in non-petroleum derived fuel to depress the point at which jet fuel freezes (Bauldreau).

    2. Why is wool so warm?

    On the coldest days in Wisconsin, my toes? best chance at avoiding numbness lie in a thick pair of wool socks. Wool keeps out the cold because it is an excellent insulator. Crimped and crisscrossed woolen fibers create tons of little air pockets. The tiny air masses within my socks have difficulty moving in and out of the fabric. Without convective heat transfer and contact with air of other temperatures, the spaces between wool fibers maintains a steady temperature. That temperature is warmer than winter?s, allowing wool to form a welcoming cocoon with warm, stagnant air.

    3. Why do some snowflakes look intricate and lacy, while others seem shapeless?

    Sometimes a snowflake drifts down from the sky and lands on my coat sleeve as a symmetrical, stunning surprise. But other times it seems as though the sky is simply dropping softly frozen clumps. Of interest for centuries, the delicacy and variability of frozen precipitation was even studied by the likes of Johannes Kepler and Ren? Descartes. In 1954, a Japanese physicist, Ukichiro Nakaya, classified types of snowflakes for the first time. The current system for making sense of snowflake formation is based on two factors: temperature and humidity.

    The two main snowflake, or snow crystal, shapes, are plates and columns (Libbrecht 860). Plates are the typical hexagonal flakes and columns are elongated, blocky crystals. As a cloud?s temperature moves below 32? F(0? C), it will pass through various phases of crystalline potential (Libbrecht 860). If enough water is present in a cloud, between 32 and 23? F (0 and -5? C), plates will form, sending small six-armed flakes to the earth. In the 23 to 14? F (-5 to -10? C) range, a cloud produces columnar snow crystals.

    Below 14? F (-10? C), snow?s crystalline shape switches back to plates again, but larger ones this time. In all of these temperature ranges, the amount of moisture in the air affects the final shape and size of the crystal.

    The science of snowflakes is fascinating and to learn more (or just to see some awesome images) I have a couple recommendations. If you?re interested to see a graphic representation of various crystals forming at different temperature and humidities, I recommend page 860 of ?The physics of snow crystals.? Or check out old-school sketches of 80 simple but fascinating snow crystals by Magono and Lee in a modification of Nakaya?s classification system: ?Meteorological classification of natural snow crystals.?

    Finally, and I have to say this is a winter wonder must, check out these stereo images of snow. As for me, I am eagerly awaiting the next snowfall, to see if I can guess the temperature and humidity of the cloud in which the snow crystals formed.

    References:

    Bauldreay, J. M., Heins, R. J., and Smith, J. ?Depressed freeze point kerosene fuel compositions and methods of making and using same.? Patent 7,666,294. 23 Feb 2010.

    Libbrecht, K. G. ?The physics of snow crystals.? Reports on Progress in Physics. 68 (2005): 855-895.

    Smittenberg, J., Hoog, H., and Henkes, R. A. ?Freezing points of a number of hydrocarbons of the gasoline boiling range and some of their binary mixtures.? Journal of the American Chemical Society. 60 (1938): 17-22.

    Image Credits: Wool: Photo by Marc Pehkonen, courtesy of Fuzbaby.com; Snowflakes:Electron and Confocal Microscopy Laboratory, Agricultural Research Service, U. S. Department of Agriculture.

    Source: http://rss.sciam.com/click.phdo?i=aeed8fa2d0699f1142ece37cc6c13627

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    Sunday, December 25, 2011

    Queen Elizabeth's husband receives heart stent

    Queen Elizabeth II's husband received a coronary stent Friday after experiencing chest pains, British royal officials said.

    Buckingham Palace said Prince Philip, the Duke of Edinburgh, was taken from Sandringham, the queen's sprawling estate in rural Norfolk, to the cardiac unit at Papworth Hospital in Cambridge, where he will remain a "short time" for observation.

    "The Duke of Edinburgh was found to have a blocked coronary artery which caused his chest pains,'' the palace said in a statement late Friday. "This was treated successfully by the minimally invasive procedure of coronary stenting.''

    During stenting, a blocked heart artery is cleared and propped open with a small mesh tube called a stent. The stent is often fitted through a small incision in the chest during keyhole surgery.

    Earlier, officials reported Philip, 90, would undergo "precautionary tests."

    The Press Association said Papworth describes itself as the UK's largest specialist cardiothoracic hospital, treating more than 22,800 inpatient and day cases and 53,400 outpatients each year.

    Will and Kate plan Pacific Islands trip for queen's jubilee

    Philip is known for his good health and rarely misses royal engagements. He came down with a cold in October and canceled an overnight visit to Italy in order to recover. That illness came shortly after Philip accompanied the queen on a a busy 11-day official royal tour of Australia.

    Upon his 90th birthday in June, he announced plans to cut back his official duties, but the BBC said that there had been no suggestion that Philip was in ill health recently.

    Born on the Greek island of Corfu in 1921, he served in Britain's Royal Navy before marrying Elizabeth in 1947. They have four children, including the heir to the throne, Charles.

    The prince has no clear-cut constitutional role. In private he is regarded as the unquestioned head of his family, but protocol obliges the man dubbed "the second handshake" to spend his public life one step behind his wife.

    He has championed numerous charities over the years, but is advising the ones he heads to start planning an orderly transition as he plots the end of his working life.

    It had been expected to be a traditional Christmas weekend for the queen's extended family, which now includes the former Kate Middleton, followed by a year's worth of festivities to mark the queen's 60th year on the throne.

    Philip traditionally organizes the Boxing Day shoot at Sandringham, British press reported.

    Most of the senior royals, including Prince William and his wife, now formally known as the Duchess of Cambridge, will be dispatched across the globe to help the aging monarch celebrate her Diamond Jubilee in grand style.

    Elizabeth and Prince Philip had planned to mark the event with a series of tours throughout England.

    The culminating celebration in London in early June had been expected to include an unprecedented pageant on the River Thames with up to 1000 boats taking part.

    The Diamond Jubilee will mean extra overseas travel for many royals: Prince Charles and his wife, Camilla, will jet off to Australia, Canada, New Zealand and Papua New Guinea; William and Kate will represent the queen in Malaysia, Singapore, the Solomon Islands and the tiny island of Tuvalu; while Prince Harry is being sent to the Caribbean to tour Belize, Jamaica and the Bahamas.

    Kate dazzles in black velvet, diamonds and rubies

    The queen and Philip had planned trips throughout England, Scotland, Wales and Northern Ireland from late March to mid-July. She was then expected to help open the Olympic Games in July before beginning her summer holiday.

    Palace officials said Friday that the royals had planned to attend a Christmas service at the Church of St. Mary Magdalene on the estate grounds.

    The family traditionally exchanges gifts at Sandringham on Christmas Eve.

    After the church service, the royals usually walk on the grounds, have a gala lunch, and gather to watch the queen's prerecorded television broadcast, a tradition that began with a radio address by King George V in 1932.

    This article includes reporting by TODAY.com staff, The Associated Press and Reuters.

    Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Source: http://today.msnbc.msn.com/id/45779248/ns/today-today_people/

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    Watch: A Special White House Holiday Address (ABC News)

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    Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/178746075?client_source=feed&format=rss

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    Saturday, December 24, 2011

    Venezuela prosecutor opposes extradition of rebel (AP)

    CARACAS, Venezuela ? Venezuela's top prosecutor said Thursday that she doesn't think Colombia has provided a proper request for the extradition of a Colombian rebel commander who was captured in Venezuela.

    Attorney General Luisa Ortega said she has provided her opinion to the Supreme Court, which will decide on Colombia's extradition request.

    Guillermo Torres Cueter, better known by the alias "Julian Conrado," was captured in southwestern Venezuela in May, and the authorities say he is a commander of the Revolutionary Armed Forces of Colombia, or FARC.

    Ortega told state television that the accusations Colombia cited in its extradition request were "different from the crimes on which he is wanted."

    Colombian officials did not immediately react to Ortega's announcement.

    The authorities have described Torres as the most senior FARC commander captured since 2004 in Venezuela.

    He is wanted by Colombian authorities on charges of homicide, kidnapping and rebellion.

    The U.S. government had also offered a $2.5 million reward for information leading to Torres' capture. The U.S. State Department said he participated in directing the FARC's production and distribution of cocaine bound for the United States and other countries.

    Venezuelan President Hugo Chavez said in June that Torres' capture indicated that cooperation between Venezuela and neighboring Colombia was producing positive results. Colombian President Juan Manuel Santos also praised Torres' capture, which was carried out by Venezuelan authorities with help from Colombian officials.

    Chavez has not recently expressed an opinion on Torres' fate.

    Venezuela's Communist Party, which is allied with Chavez's government, presented a request for political asylum on Torres' behalf in August. The party called his capture illegal, saying he had been working as a farmer in Venezuela and wasn't armed.

    Communist Party leader Pedro Eusse said at the time that Torres expressed fears he could be tortured or killed if sent back to Colombia. Eusse also said Torres' had a problem with his prostate and that his health troubles should weigh in favor of the asylum request.

    Ortega said officials were checking on Torres' health.

    Yul Jabour, another leading member of the Communist Party, praised the attorney general's decision on Thursday and said the party now hopes the authorities will rule on the asylum request.

    Source: http://us.rd.yahoo.com/dailynews/rss/latam/*http%3A//news.yahoo.com/s/ap/20111222/ap_on_re_la_am_ca/lt_venezuela_colombia_rebel

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    Summary Box: Banks stash money with ECB (AP)

    SAFE DEPOSITS: Banks from the 17 countries that use the euro stashed euro347 billion ($453 billion) overnight with the European Central Bank on Thursday.

    NEW HIGH: The figure, the highest for 2011, in another sign that Europe's debt crisis is still putting pressure on the banking system.

    WORRYING SIGNAL: Banks use the deposit facility every day in fluctuating amounts to offload excess cash. Heavy recent use suggests that even as the ECB makes more credit available to banks they are depositing some of it ? temporarily at least ? back with the central bank at low interest rates rather than lending it.

    Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/ap/20111223/ap_on_bi_ge/eu_europe_financial_crisis_summary_box

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    Friday, December 23, 2011

    Pentagon: US concedes mistakes in Pakistani deaths

    (AP) ? A top U.S. general said Thursday that an "overarching lack of trust" between the U.S. and Pakistan, as well as several key communication errors, led to the NATO airstrikes last month near the Afghan border that killed two dozen Pakistani troops.

    Brig. Gen. Stephen Clark, an Air Force special operations officer who led the investigation into the incident, says U.S. forces used the wrong maps, were unaware of Pakistani border post locations and mistakenly provided the wrong location for the troops.

    Clark described a confusing series of gaffes rooted in the fact that U.S. and Pakistan do not trust each other enough to provide details about their locations and military operations along the border. As a result, U.S. forces on that dark, Nov. 26 night thought they were under attack, believed there were no Pakistani forces in the area, and called in airstrikes on what they thought were enemy insurgents.

    The Pentagon did not apologize for the action, as Pakistan has demanded, and has not briefed Pakistani leaders on the results of the investigation, which were released Thursday.

    "For the loss of life and for the lack of proper coordination between U.S. and Pakistani forces that contributed to those losses, we express our deepest regret," Pentagon spokesman George Little told reporters.

    He added that the U.S wants to learn from the mistakes and take any corrective measures needed to make sure such mistakes aren't repeated.

    NATO, Afghanistan and Pakistani forces use the joint border control centers to share information and coordinate security operations.

    Pakistani officials did not immediately respond to requests for comment on the report. Afghan officials also had no immediate comment.

    The Pakistani military has said it provided NATO with maps that clearly showed where the border posts were located.

    Since the Nov. 26 attack, a furious Pakistani government has shut down NATO supply routes to Afghanistan and thrown the U.S. out of its Shamsi Air base in southwestern Baluchistan province. The base was used to maintain drones deployed in strikes against insurgents hiding in safe havens in Pakistan's lawless tribal belt on the Afghan frontier.

    The Pakistani border closure forced the U.S. and NATO to reorient their entire logistics chains to the so-called Northern Distribution Network through Russia and Central Asia.

    For most of the 10-year war in Afghanistan, 90 percent of supplies shipped to the international force came through Pakistan, via the port of Karachi. But over the past three years, road and rail shipments from NATO's European members via Russia and the Central Asian nations have expanded, and before the border incident accounted for more than half of all overland deliveries.

    Associated Press

    Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2011-12-22-US-Pakistan-Airstrikes/id-5d7d028252ef4b68a11cc5d38fa8f7df

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    Leading Greenhill banker dies in NJ plane crash (Reuters)

    (Reuters) ? A senior Greenhill & Co Inc investment banker, an avid pilot who worked on some of his firm's biggest deals, was one of five people killed when his private plane crashed on a busy New Jersey highway on Tuesday.

    Jeffrey Buckalew, 45, head of Greenhill's North American Advisory, was believed to have been traveling with his wife, Corinne, and their two children, Jackson and Meriwether, the boutique investment bank said in a statement.

    Rakesh Chawla, 36, a Greenhill financial services sector banker, was also killed, the firm said in a filing with the U.S. Securities and Exchange Commission.

    The single-engine Socata plane took off from New Jersey's Teterboro Airport and was headed for DeKalb Peachtree Airport near Atlanta, Federal Aviation Administration spokesman Jim Peters said.

    The causes of the accident are under investigation. Before the crash, the plane made contact with an air traffic controller asking for permission to seek higher altitude, which was granted, Peters said. Following this, the transmission became garbled and the plane fell off the radar, he added.

    Buckalew, who joined Greenhill in 1996 from Salomon Brothers, was an experienced pilot with a passion for flying, Greenhill said.

    Buckalew had advised on many of Greenhill's largest deals, including Delta Air Lines' $3.1 billion acquisition of Northwest Airlines and Roche's purchase of Genentech Inc for $46.8 billion.

    Greenhill shares ended trading almost flat at $35.30, underperforming the Dow Jones U.S. Financial Services Index, which rose 3.8 percent on Tuesday.

    "Jeff was one of the first employees of Greenhill. He and Rakesh were extraordinary professionals who were highly respected by colleagues and clients alike," Greenhill Chairman Robert Greenhill and Chief Executive Scott Bok said in a joint statement. "They will be sorely missed and our sympathies go out to their families and friends."

    Chawla had joined the firm in 2003 from private equity firm Blackstone Group.

    New Jersey State police Trooper Christopher Kay said five people were confirmed dead, but could not comment on their identities as the investigation was continuing.

    Debris was sprayed across Interstate 287 near Morristown, New Jersey, as the plane hit the southbound lane on Tuesday morning and then travelled across into the northbound lane. Traffic was restored later in the day, Kay said.

    (Reporting by Greg Roumeliotis in New York, additional reporting by Paritosh Bansal in New York and Jessica Hall in Philadelphia; Editing by John Wallace, Richard Chang, Gary Hill)

    (This story was corrected in paragraph 9 to change spelling to Bok and in paragraph 7 to change spelling to Genentech)

    Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//news.yahoo.com/s/nm/20111221/us_nm/us_greenhill

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    Thursday, December 22, 2011

    BumpWatch: Kourtney Kardashian Goes Undercover

    An expectant Kourtney Kardashian - who along with her famous family, recently revealed their 3D Christmas card - hits the streets for a little shopping in Beverly Hills Tuesday.

    Source: http://feeds.celebritybabies.com/~r/celebrity-babies/~3/pnLKVAshW8U/

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    Monday, December 19, 2011

    Lawsuit: Patient got HIV from Miss. cancer clinic (AP)

    JACKSON, Miss. ? A Mississippi cancer clinic doctor who is charged with using old syringes and watered-down chemotherapy drugs now faces a lawsuit that claims a patient contracted HIV from a dirty needle.

    Dr. Meera Sachdeva, founder of Rose Cancer Center in Summit, has been held without bond since her arrest in August on charges of diluting drugs and billing Medicaid and Medicare for more chemotherapy than patients actually were given.

    The lawsuit claims James Ralph Patterson Sr. went to the now-shuttered clinic for treatment of his brain and lung cancer but ended up getting watered-down drugs and was infected with HIV by an old needle. Patterson died July 3 at the age of 61.

    The lawsuit appears to be the first public allegation filed in court that a Rose patient contracted HIV.

    Source: http://us.rd.yahoo.com/dailynews/rss/cancer/*http%3A//news.yahoo.com/s/ap/20111216/ap_on_re_us/us_cancer_clinic_hiv

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    Sunday, December 18, 2011

    Blatter to meet Brazil leader over WCup concerns

    By JIM ARMSTRONG

    updated 4:05 a.m. ET Dec. 17, 2011

    TOKYO - FIFA President Sepp Blatter plans to meet with Brazil's head of state to discuss concerns over the country's preparations for the 2014 World Cup.

    FIFA officials have repeatedly said preparations for Brazil 2014 are behind schedule. FIFA Secretary General Jerome Valcke has told Brazilian lawmakers that the pace had to be stepped up, saying "we are late, we can't lose a day."

    Blatter expressed his concerns on Saturday following a meeting of FIFA's Executive Committee on the sidelines of the 2011 Club World Cup.

    "The executive committee is worried about that," Blatter said. "I will myself take up the World Cup in a presidential level and in the first or second month of next year I will go and meet the head of state."

    Valcke reported on the status of preparations for the 2014 World Cup during the Dec. 16-17 meetings in Tokyo and noted that the general World Cup Bill, which comprises the necessary government guarantees regarding the organization of the event, has yet to be enacted by the relevant authorities.

    "Clearly, we are concerned that we have not received the confirmation of the general World Cup Bill," Blatter said.

    Blatter also said that Ricardo Teixeira, the 2014 World Cup organizing committee president, has asked for a leave of absence until the end of January.

    "Mr. Teixeira has asked for a leave of absence until the end of January so he is out of FIFA and the 2014 organizing committee until the end of January," Blatter said.

    Blatter also reiterated his desire to publish a document naming soccer officials who took millions of dollars in kickbacks from World Cup broadcast deals.

    The BBC has reported that the document implicates former FIFA President Joao Havelange and Teixeira. Havelange resigned as an IOC member earlier this month.

    FIFA postponed the publication of the document because "legal measures taken" by a party involved in the 10-year-old ISL scandal prevented it from releasing the court papers during the executive committee meetings in Tokyo.

    "The executive committee and myself would like to open the file as quickly as possible," Blatter said. "FIFA needs to lay the ISL issue to rest, it's unfortunate we can't open it now but I am hoping the Swiss court will allow us to open the file in early 2012. We cannot go to the past, we can only clarify it."

    FIFA also announced the list of members of the Independent Governance Committee, a committee aimed at cleaning up world soccer's governing body and headed by Basel University professor Mark Pieth.

    The list has nine members including Sunil Gulati, president of the U.S. Soccer Federation. Non-soccer members include Michael Hershman, President and CEO of the Fairfax Group, and Peter Goldsmith, who served as Attorney General in the United Kingdom from 2001-2007.

    At an October executive committee meeting, Blatter said the panel would consist of up to 18 people, half from soccer, half from politics, law and civil society.

    In other developments, FIFA decided that the 2013 and 2014 editions of the Club World Cup would be held in Morocco after the 2012 tournament in Japan.

    Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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    Chelsea slips, Dempsey scores

    Euro roundup: Chelsea missed a chance to put pressure on the two Manchester clubs at the top of the Premier League on Saturday, yielding a goal with two minutes left in a 1-1 draw at relegation-threatened Wigan.

    Getty Images

    Source: http://nbcsports.msnbc.com/id/45706316/ns/sports-soccer/

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    Saturday, December 17, 2011

    "The Trouble With Not Having a Goal..." [Quotables]

    "The Trouble With Not Having a Goal...""...is that you can spend your life running up and down the field and never score." Or, no matter how much you work, it won't mean anything if you weren't heading toward something.

    This quote, from Cricket umpire Bill Copeland, shows how important it is to create good goals for yourself. You can work and work for your entire life, and you might even gain a few yards?but if you aren't visualizing something concrete that you want to accomplish, you'll never have that feeling of success that comes with achieving your goals, nor will you build up that momentum that helps you accomplish even more. You don't even have to make those goals public, if you don't want to?just make sure you have one in your sights if you want to actually get some satisfaction out of your work.

    Photo by Josh McGinn.

    Source: http://feeds.gawker.com/~r/lifehacker/full/~3/a-dC2NBApNw/the-trouble-with-not-having-a-goal

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    ACRL Offers 2012 Scholarly Communications Road Shows

    December 14th, 2011 by Kara Malenfant in Scholarly Communication No Comments

    Once again, ACRL will take its popular scholarly communications workshop on the road to five locations in 2012. New this year, the curriculum is revised and hosts will share part of the costs.

    Now titled ?Scholarly Communication: From Understanding to Engagement,? the road show was originally offered to raise awareness about scholarly communications in the community. ACRL initially underwrote the full costs of the then-named ?Scholarly Communications 101 ? Starting with the Basics? program to support this goal. The program has evolved from this central goal of awareness building and three successful years later, the program now supports in-depth training as institutions are developing scholarly communications programming. As the workshop?s goals have moved from raising awareness to training, the road show program is transitioning into an established ACRL professional development program in alignment with ACRL?s other offerings.

    In 2012, the program will be expanded and enhanced to a full day workshop with more applied programmatic elements while still retaining much of the ?101 basics? elements. The program will also move to a cost sharing model. ACRL is committed to underwriting the bulk of the costs for delivering the road show, and?the cost for successful host institutions is $2,000.

    The application to host will be available Tuesday, January 3, 2012. The deadline to apply is 5:00 p.m. Central on February 7, 2012. Find out more on the program website.

    Tags:

    Source: http://www.acrl.ala.org/acrlinsider/archives/4423

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    Friday, December 16, 2011

    AOL TV gets HuffPost makeover (Reuters)

    LOS ANGELES (TheWrap.com) ? AOL TV has been rebranded as HuffPost TV.

    The retooled site, huffingtonpost.com/tv, launched Wednesday morning as part of editorial boss Arianna Huffington's ongoing makeover of AOL's editorial properties.

    Following the model established at The Huffington Post, it will feature prominent bloggers such as Aaron Sorkin, Norman Lear, Bill Maher and Dr. Phil McGraw.

    "It's going to be a sophisticated, bordering on obsessive take on the most buzzworthy shows," Michael Hogan, executive entertainment editor at Huffington Post Media Group, told TheWrap. "But I also think we're going to be looking for ways to connect what's happening on TV to the broader culture."

    Hogan said that Jaimie Etkin, former associate culture editor for Newsweek and The Daily Beast, has been hired to serve as editor. AOL TV's five staffers will move to the new site.

    Hogan said that HuffPost TV will retain the television listings and show pages from AOL TV -- but will have a different color. Moreover, its tone will better reflect the Huffington Post's.

    "People really love to talk about TV, and they know that the Huffington Post is a place to have conversations online, so to me it's like the internet and TV were kind of made for each other," Hogan said.

    "One of the primary objectives here is not just to kind of hear ourselves speak and pat ourselves on the back, but to really engage with an audience that we know is there," he said. "They're already there reading The Huffington Post and commenting on The Huffington Post, but also, we know there are all these communities around all these shows, so we want to provide the best possible venue for people to talk about the shows."

    He said that people want to talk about the shows they've just watched -- and that HuffPost TV will give them a place to do that.

    AOL acquired The Huffington Post for $315 million this past February. When it did, it installed Arianna Huffington as president and editor-in-chief of The Huffington Post Media Group, which includes AOL properties.

    Source: http://us.rd.yahoo.com/dailynews/rss/internet/*http%3A//news.yahoo.com/s/nm/20111214/media_nm/us_aoltv

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    Some Causes of Stillbirth May Be Avoidable: Studies (HealthDay)

    TUESDAY, Dec. 13 (HealthDay News) -- Stillbirth has long been a mysterious and devastating pregnancy complication. But two new studies are uncovering more about what causes stillbirth and the factors that may raise a woman's chances of having a stillbirth -- at least some of which are avoidable.

    Stillbirth, defined as a fetus that dies during the 20th week of gestation or later, occurs in about one in 160 pregnancies in the United States, according to the American College of Obstetricians and Gynecologists.

    In the first study, about 500 women who'd had a stillborn baby agreed to an autopsy and genetic testing of the fetus, an examination of the placenta, as well as interviews and an analysis of their medical record. The women were racially and geographically diverse, hailing from five states: Rhode Island, Massachusetts, Georgia, Texas and Utah.

    Researchers were able to determine the cause of death in 61 percent of stillbirths, and a "possible or probable" cause of death in more than three-fourths of cases.

    Placental abnormalities, such as blood clots, were blamed in 24 percent of stillbirths, making it the most common identifiable cause. Fetal genetic abnormalities, including trisomy 13 or 18 (involving an extra chromosome), and major birth defects of the brain or heart, were blamed in about 14 percent of stillbirths.

    Infections, either bacterial or viral, were blamed in 13 percent of stillbirths. They included E. coli or group B strep, cytomegaloviris and parvovirus, which causes Fifth disease (a rash that can occur in childhood). While many women get those infections during pregnancy and their babies are fine, in a small number the infections can lead to stillbirth, said study author Dr. Robert Silver.

    Umbilical cord abnormalities, such as blood clots, caused 10.4 percent of stillbirths, while hypertension in the mother was implicated in just over 9 percent of stillbirths. Other maternal medical conditions, such as diabetes, lupus and thyroid disease, were cited as contributing to about 8 percent of stillbirths.

    Diabetes in the mother, especially, poses potential dangers for the fetus. "A poorly controlled diabetic is a very dangerous situation for the fetus, but if you have a well controlled diabetic, outcomes tend to be about the same as if you don't have diabetes," said Silver, a professor of obstetrics and gynecology at the University of Utah School of Medicine.

    The study is published in the Dec. 14 issue of the Journal of the American Medical Association.

    A second study in the same journal analyzed risk factors for stillbirth that can be identified before a woman becomes pregnant. Having a prior stillborn baby, having prior miscarriages and not having other children were all associated with added risk.

    Women with diabetes had 2.5 times the risk of stillbirth and women aged 40 and older had 2.4 times the risk of stillbirth as women aged 20 to 34.

    Having an AB blood type, smoking in the three months before pregnancy, overweight/obesity and a history of drug addiction were also associated with higher risks.

    "Several lifestyle factors that are modifiable impact the risk of stillbirth," noted Dr. George Saade, a professor and chief of obstetrics and maternal fetal medicine at the University of Texas Medical Branch at Galveston. "Those include smoking, overweight/obesity and drug use. Women who are planning a pregnancy should look at all the modifiable factors they can improve on to be in the best condition possible when they start the pregnancy."

    Black women are also at higher rate of stillbirth than white or Hispanic women, and the new research is starting to uncover some explanation for the disparities, noted Dr. Jay Iams, a professor of obstetrics and gynecology at Ohio State University Medical Center.

    Black women are more likely to experience an "early stillbirth," or one before about 24 weeks, and are more likely to have a stillborn baby during labor (though not necessarily with a full-term baby).

    "Are we simply not providing good care during labor to African-American women? I really don't think that's true," Iams said. "What's happening is that more African-American women are coming into the hospital in labor at 21, 22 or 23 weeks, and the babies don't have much of a chance to survive. The higher stillbirth rate is the result of a much higher rate of premature birth."

    Each year in the United States, about 26,000 pregnancies end in stillbirth. Globally, there are 3 to 4 million, Silver said.

    Despite major advances over the last 30 years in reducing the number of premature babies that survive, stillbirth rates have remained stubbornly high.

    "It's a major public health problem, but people haven't put the same clinical or research energy into reducing stillbirth as they have infant death," Silver said. "When a baby is born prematurely, they do better than they did 20 years ago, but we haven't made the same advances in stillbirth."

    Iams, who wrote an accompanying journal editorial, said it's about time that changed. Instead of considering stillbirth as a separate problem from premature birth, researchers and physicians are now better understanding that the causes of pregnancy loss starting at about 16 weeks -- such a problems with the placenta and umbilical cord -- are many of the same causes that also lead to babies being born prematurely and stillbirth.

    That may include doing away with drawing the line for stillbirth at 20 weeks, Iams added.

    "Stillbirth has been considered by itself, and because it's been considered separately, it hasn't been linked to more well-known conditions, such as premature birth," Iams said. "It's often treated as something that is not going to happen again, or a random event. What these researchers have shown is that if you look hard enough, more often than not, you can find a cause."

    More information

    The March of Dimes has more about preventing premature births.

    Source: http://us.rd.yahoo.com/dailynews/rss/parenting/*http%3A//news.yahoo.com/s/hsn/20111214/hl_hsn/somecausesofstillbirthmaybeavoidablestudies

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    Tuesday, December 6, 2011

    First Person: Will Smart Meters Raise or Lower My Utility Bill? (ContributorNetwork)

    *Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles.

    COMMENTARY | A recent MSNBC story on smart utility meters has peaked my curiosity about whether these devices will be utilized in my home state of Louisiana and if the devices will lower or perhaps raise my electric bill. The findings of state and utility officials are conflicting, as well as the feedback from individuals whose states now use "smart meter" technology.

    The concept of smart meter technology uses a wireless digital device which would end the need for the neighborhood "meter reader" that comes by the check your energy use each month. State and utility regulators are pushing for their use throughout the nation but are meeting with some resistance from users who feel they are health threats because of the radio-frequency microwave radiation emitted from the devices. Privacy concerns have also been voiced that the information collected from these meters would be sold to companies who pay for consumer information. I am not so sure I want one of these either. What if it ends up causing me to get cancer or what if I start getting crank phone calls from some marketing firm?

    Advocates claim that smart meter readers have built-in technology that allow users to know when peak energy use times are. It is more expensive to run appliances such as air conditioners and washing machines during peak energy times. With this knowledge, utility customers could time their energy use with the lowest energy use times. Okay, this sounds pretty good. I'm all for saving money.

    However, many utility customers who have the devices installed in their homes say that their energy bill has not gone down but has increased! Also, there is an installation cost that runs anywhere from $250 to $500. Hundreds of electric customers in California have filed suit against Pacific Gas and Electric claiming their bills doubled or even quadrupled after the device was installed in their homes.

    Okay, so now smart meters are bad again.

    I am confused. I don't know whether smart meters will cause my electric bill to go up or down, cause me cancer, or invade my privacy. Maybe it is a combination of all three. If my state does install these "smart meters" I will have to say I will miss seeing old Joe who has been coming by to read my meter for the last several years. Do the electric companies intend to find other jobs for these meter readers? I certainly hope so!

    Source: http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http%3A//news.yahoo.com/s/ac/20111205/bs_ac/10430337_first_person_will_smart_meters_raise_or_lower_my_utility_bill

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    Monday, December 5, 2011

    Brutally Honest: An insurance company in Japan may need a bailout

    Ferraricrash
    Can you say million dollar accident?

    An outing of luxury sportscar enthusiasts in Japan ended in an expensive freeway pileup ? smashing a stunning eight Ferraris, a Lamborghini and two Mercedes likely worth more than $1 million together.

    Police say they believe the accident Sunday was touched off when the driver of one of the Ferraris tried to change lanes and hit the median barrier. He spun across the freeway, and the other cars collided while trying to avoid hitting his car.

    Video of the crash aired by NTV, a major national network, showed several smashed, bright red Ferraris cluttering the freeway.

    Even a used Ferrari in Japan can fetch $100,000 or more, meaning the total damage may be $1 million or more.

    More pics here. ?

    What a waste.

    ?

    Source: http://www.brutallyhonest.org/brutally_honest/2011/12/an-insurance-company-in-japan-may-need-a-bailout.html

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    PS3 No. 2; Metal Gear Solid HD Collection in top 10 in Japan

    Media Create Co. this week said the Sony Corp.?s Playstation 3 ranked second in hardware sales in the latest Japan retail activity.

    The PS3 sold 34,031 units between Nov. 21 to Nov. 27 to rank No. 2 in overall hardware sales.

    By comparison, the hardware sold 41,069 to rank third the week prior.

    The hardware ranked two titles in the top 10, including Metal Gear Solid HD Edition at No. 5.

    Sony in Oct. said it sold 3.7 million PS3 units in the second quarter, an increase from 3.5 million one year prior.

    PS3 software sales held a 37.4 million, up from 35.3 million in year-over-year figures.

    The Consumer Products & Services division, which includes the Playstation business, held an operating loss of $449 million, compared to a profit of $12.5 million one year prior.

    Sony held a net less of $350 million for the quarter, a decline from a $398.3 million profit one year ago.

    Sony in Aug. price cut the PS3 160GB SKU to $249.99.

    Follow us on Twitter @PunchJump, @WeLoveHotDeals, @PreOrderBonus, @Punchissimo, and visit us at Facebook and Google+.

    Source: http://news.punchjump.com/2011/12/03/ps3-no-2-metal-gear-solid-hd-collection-in-top-10-in-japan/

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    Sunday, December 4, 2011

    Western Digital Fires Up First Flooded Factory In Thailand As Recovery Continues

    OLYMPUS DIGITAL CAMERAThe recent floods in Thailand have wreaked devastation on the factories in the area; some were under a dozen feet or more of water, and all manner of companies were affected by the damage. Nikon and Samsung delayed cameras and a shortage of hard drives has caused a spike in prices. The recovery effort is progressing apace, and the affected areas are being pumped or drained clear of water. Power was restored in the last week in some areas and Western Digital has just turned the lights back on at one of its factories there.

    Source: http://feedproxy.google.com/~r/Techcrunch/~3/GqsiQLa0PaY/

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    Saturday, December 3, 2011

    Video: Michigan coach Brady Hoke

    December, 3, 2011

    Dec 3

    12:00

    PM ET


    Brian Bennett asks coach Brady Hoke about Michigan?s changes at a BCS at-large berth, beating Ohio State and who he likes in the Big Ten title game.

    Source: http://espn.go.com/blog/bigten/post/_/id/40464/video-michigan-coach-brady-hoke-4

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    UN warns of possible new recession (AP)

    UNITED NATIONS ? The United Nations has sharply cut its economic projections for global growth and says that the world is at risk for a new recession.

    The U.N.'s report on the World Economic Situation and Prospects 2012, released on Thursday, forecasts 2.6 percent growth next year in its main, relatively optimistic scenario ? and just 0.5 percent growth in its pessimistic scenario.

    That's significantly below its May forecast that the global economy would grow 3.6 percent in 2012.

    Following two year of anemic and uneven recovery from the global financial crisis, the report said, "the world economy is teetering on the brink of another major downturn" and "the risks for a double-dip recession have heightened."

    Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20111201/ap_on_bi_ge/un_un_economic_forecast

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    Friday, December 2, 2011

    Jed Emerson: What Impact Investing Has to Offer in Today's Rocky ...

    Jed Emerson and Antony Bugg-Levine have co-authored a new book titled Impact Investing: Transforming How We Make Money While Making A Difference. Emerson has worked at Harvard and Stanford, focusing on value creation, social enterprises, and his specialty, blended value.? Bugg-Levine, on the other hand, stems from South Africa and has led TechnoServe?s operations in Kenya; most recently, he was at Rockefeller Foundation where he helped launched an initiative on impact investing (?Harnessing the Power of Impact Investing?). Below is Dowser?s conversation with Emerson on impact investing in today?s economic climate.

    Dowser: Since traditional investing in recent times has led to financial woes, how would you distinguish impact investing from these traditional methods?? What can it offer us at this point when our economies are weak and volatile?
    Emerson: It?s? important to understand that while the financial markets have gone sideways, not all investing practices the same.? Impact investing actually had a good deal in common with fundamental, bottom-up investing.? But it?s not the same as short-term trading, or ?black box? approaches to investing.? In fact, because of the economic tumult, we?ve seen an increased emphasis on governance and transparency, which sustainable investor (or impact investors focused on public equities) have been promoting for some time.

    Also, impact investing is often deep, long-term investing which can have less volatility and more consistent returns compared to mainstream investing approaches.? So, the currents markets have actually brought more attention to impact investing as an alternative option.

    Is impact investing solely for the private sector or can the public sector help as well?? If yes, how so?
    Yes, actually the public sector plays a critical role in creating a supportive web of regulatory and legal frameworks to assist in private sector funds moving to capture the impact opportunity.? Also, by partnering with private sector investors, public sector administrators can leverage greater performance off their precious public dollars?which will become even more precious in coming years as a result of deficit reduction efforts and cut backs.

    In addition to participating in innovations on the capital front, the public sector has a critical role to play in advancing new organizational forms which allow for hybrid entities capable of pursuing profit with purpose.

    And finally, advancing policies which encourage greater transparency and accountability on the part of all impact actors will be critical.? As more step forward to claim the ?impact? mantel there will be a need for regulation that supports the creation of standards and independent analysis of performance claimed by private sector actors.

    You've been working in this space for over two decades now, looking ahead what excites? - is it social enterprise, collaborative entrepreneurship, impact investing, all of the above or something else?
    What excites me most is the number of conversations that are rising up in between the silos?discussions that focus less on social enterprises or impact investing per se than they do on innovative management practices or capital opportunities. Looking ahead, many of the tenets of impact investing will increasingly move to the mainstream and be viewed simply as the sound investing practices they are. But for this to happen there are a number of areas (law and regulation, capital formation approaches, metrics, leadership and others that we talk about in the book) which will have to be addressed.

    What's been one of the most inventive examples that you've encountered for impact investing.
    There have been a number of truly inventive approaches to impact investing, ranging from the work of community development venture capital actors to peer based entrepreneurship funding efforts.

    But I would have to say the most intriguing is the possibilities represented by the social impact bond.? Many of us have written about how advances in metrics and SROI analysis would at some point allow us to monetize cost savings and, of course, Arthur Woods outlined some core ideas for notes that could be structured for impact some time ago, but the folks at Social Finance-UK really linked the dots when they introduced the concept of the Social Impact Bond.

    By combining the advances in metrics and performance with the need for innovative public sector funding strategies and the interest of private sector investors to structure funds for impact, the SIB really leverages across the silos in a really unique manner.? Now, the one danger of course is that the basic concept has taken off so well that people may be in danger of promoting an instrument that still needs time to prove itself.? However, as long as participants understand the risks and possibilities, this could be a major introduction for impact innovation, along the lines of micro-finance bond offerings which were so critical in assisting the micro-finance industry to scale its work.

    What do we have to do to take impact investing from being a niche practice to a mainstream movement?
    Well, of course, the second half of our book addresses this question at some length.

    I suppose the key consideration here is that we need to remember that impact investing is by no means a ?sure thing? that will grow and flourish.? There are very real forces supporting the traditional, bifurcated approach to value creation and investing.? These forces will not simply pack up and go home, so we need to understand that there will be some real challenges to come as we not only introduce new thinking and practices but as both those things come up against existing practices, systems and thinking which will seek to defend themselves from these new ideas.

    I suppose we also just have to get out there and do more of it!? We need more capital investors willing to step forward and participate in impact investing?investors who in some cases must be willing to simply say to their advisers and current fund managers, ?This is the direction we?re heading and if you can?t get me there, I?ll find folks who can? and then be willing to allocate into funds and products that may not initially ?look like? what they have traditionally invested in.

    The good thing here is that in point of fact, many of the strategies impact investors execute are simply expansions or new applications of approaches that have been with us for years?they are simply being applied in new markets and with new practices.? So there is actually more expertise and knowledge in how to execute than many mainstream investors may initially understand.

    What kind of reception do you get from big corporations when you propose these ideas to them?? Are they receptive or still hesitant?
    What?s been interesting to observe is the degree to which these ideas have been greeted with a level of caution?but an openness to discussion and experimentation.

    If one considers what appears to be the generally positive response of many companies to the ideas of Shared Value advanced by Michael Porter and Mark Kramer, or to the potential of Social Businesses promoted by Mohammad Yunus, one sees that these ideas have actually been promoted for many years before those particular terms were introduced.? But the fact they are being promoted by Porter/Kramer and Yunus gives them a level of increased credibility that others speaking to these identical audiences haven?t been able to command over those same years?and that is great!? Seeing the growing traction of fundamental concepts of Blended Value, Impact Investing and new visions for companies being able to pursue profit with purpose is what it is all about.

    The reality that new messengers are getting traction with core ideas we have all promoted over the past decade or more is what change is all about, so getting into the board room to have these discussions and advance new practices is key to our collective success.

    Source: http://dowser.org/jed-emerson-what-impact-investing-has-to-offer-in-todays-rocky-economy/

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