Wednesday, February 29, 2012

US: Bank earnings hit five-year high in 2011

WASHINGTON (AP) ? U.S. banks are coming off their most profitable year since 2006, a sign that many have put the financial crisis behind them.

The surge in bank earnings came largely because banks suffered fewer losses ? not because they took in more money. The slow recovery, record-low interest rates and weak demand for loans left bank revenue mostly flat for the year.

The Federal Deposit Insurance Corp. said Tuesday that bank earnings rose in the October-December quarter to $26.3 billion.

And for the entire year, earnings rose to $119.5 billion. That's 40 percent higher than the previous year and the most since 2006.

Banks with assets exceeding $10 billion accounted for almost all of the earnings growth last year. While they make up just 1.4 percent of U.S. banks, they accounted for more than 83 percent of the earnings.

Those banks include Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co. Most of them have recovered with help from federal bailout money and record-low borrowing rates.

One reason for the higher earnings is that the banks, especially the largest ones, had set aside huge reserves to offset potential losses in the aftermath of the financial crisis and recession. When the losses from the businesses weren't as deep in 2011, the banks were able to take large profits just from releasing those reserves.

The basic banking businesses of making loans, financing business plans and investing were hurt by the slow economic recovery and volatile financial markets.

Still, banks are much firmer ground today. Most of them have stronger balance sheets to withstand an economic downturn or a potential global financial shock. They are also better positioned to take advantage of the credit and financial needs of consumers and businesses.

Many of the largest banks complained last year that new regulations mandated by Congress have hurt their ability to make money and moved to charge new fees to make up the difference.

The effort sparked a backlash among consumers and fueled anti-Wall Street protests. Ultimately, the big banks dropped plans to charge customers for using their debit cards. But other fees have remained.

The number of banks on the FDIC's confidential "problem" list fell in the fourth quarter to 813, or around 11 percent of all federally insured banks. That compares with 844 troubled banks in the previous quarter.

"The industry is now in a much better position to support the economy through expanded lending," said Martin Gruenberg, acting chairman for the FDIC. "However, levels of troubled assets and problem banks are still high. And while the economy is showing signs of improvement, downside risks remain a concern."

So far this year, 11 U.S. banks have failed. That's far below the 92 banks that shuttered last year and the157 that closed in 2010 ? the most for one year since the height of the savings and loan crisis in 1992.

Most of the banks that have struggled or failed have been small or regional institutions. They depend heavily on loans for commercial property and development. As companies shut down during the recession, they vacated shopping malls and office buildings financed by those loans.

Bank failures cost the FDIC's deposit insurance fund an estimated $7.9 billion last year, down sharply from $23 billion in 2010. In the fourth quarter, fewer failures allowed the insurance fund to strengthen. The fund, which turned from deficit to positive in the second quarter of 2011, had a $9.2 billion balance as of Dec. 31, according to the FDIC. That's nearly 18 percent higher than at the end of the previous quarter.

The FDIC is backed by the government, and its deposits are guaranteed up to $250,000 per account. Apart from its deposit insurance fund, the agency also has tens of billions in loss reserves.

___

AP Business Writers Pallavi Gogoi and Christina Rexrode contributed from New York to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-02-28-Bank%20Earnings/id-8413f092610740cab277ef491984b57d

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Tuesday, February 28, 2012

Falling oil lifts Wall St to highest since 2008 (Reuters)

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Traders work on the floor of the New York Stock Exchange February 24, 2012. REUTERS/Brendan McDermidReuters - The benchmark S&P 500 closed at its highest level since mid-2008 on Monday, extending gains for a third session as oil prices retreated after a recent rally and data showed further improvement in the U.S. housing market.


Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/nm/20120227/bs_nm/us_markets_stocks

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Monday, February 27, 2012

Mandatory Flood insurance? ? Poly No1. Insurance News

I read here on an old post that you can choose not to get flood insurance. My mortgage broker tells me that is not an option. has anyone ever heard of that?
I live in ct and the mortgage bank is chase.

You can choose not to get flood insurance if don?t live in a flood plan and if your lender doesn?t require it. If your lender does require it you?ll need to get the insurance. Also, if you own the home outright you don?t need any insurance.

If you don?t agree that you are in a flood plan you can contact FEMA and try to get the maps redrawn.

Yes, there are areas that have mandatory flood insurance.

I?m not in a flood zone but only 1 block down the street is.
This is currently a GIGANTIC project going on, on my street to change the strom drains.It?s costs like $60Million and is being paid for with federal, states, county, city and water department funds.When the project is finally finished, the area will be removed from the mandatory flood zone map.

As long as you have no mortgage, you CAN choose not to get flood insurance.

If you HAVE a mortgage, though, it?s written into the standard mortgage contract that if you are in a flood zone, you MUST buy flood insurance.

So . . . you do that, by not having a mortgage.Pay off your house.

Source: http://polyno1.com/mandatory-flood-insurance/

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'Act of Valor' wins box-office war

Relativity Media

Nestor Serrano is a professional actor, but many of those seen in "Act of Valor" are real Navy SEALs.

By Lisa Richwine, Reuters

Military drama "Act of Valor" claimed the No. 1 spot on movie box office charts, beating expectations with an estimated $24.7 million in U.S. and Canadian ticket sales during another busy weekend at theaters.

Tyler Perry's new drama, "Good Deeds," finished in second place with $16.0 million, according to studio estimates released on Sunday as Hollywood prepared for the Academy Awards.

"Act of Valor" stars real-life, active-duty U.S. Navy SEALs alongside professional actors in a fictional story about a mission to rescue a kidnapped CIA agent. Some scenes used live fire rather than visual effects.

Audiences liked the movie, awarding an "A" grade in polling by survey firm CinemaScore and providing high marks in studio exit polls, said Kyle Davies, president of worldwide theatrical distribution for Relativity Media, the independent studio that released the film. "You don't get a consistent reaction like that unless the movie delivers," he said.

The movie attracted a 71 percent male audience, and 60 percent of filmgoers were older than age 25, Relativity said. The studio acquired the film for $13 million and had projected opening weekend sales of up to $17 million.

Perry's "Good Deeds" finished in line with projections from distributor Lions Gate Entertainment. In the film, Perry plays a CEO controlled by his domineering mother until a friendship with a woman on the office cleaning crew inspires him to rebel.

One of Hollywood's most successful filmmakers, Perry also wrote, produced and directed the movie. It was his first central film role not based on Madea, the foul-mouthed grandmother he is famous for playing on stage and screen.

The audience for "Good Deeds" was 76 percent female and 85 percent older than 25. Sales rose 25 percent from Friday night to Saturday night, Lions Gate said. Audiences awarded an "A" grade in CinemaScore polling.

Overall the weekend produced the eighth consecutive winner for Hollywood compared with last year. Sales for all movies came in 24 percent ahead of the same period a year ago, according to the box office division of Hollywood.com. Year-to-date sales were nearly 18 percent ahead of 2011.

In third place, family film "Journey 2: The Mysterious Island" starring Dwayne "The Rock" Johnson took in $13.5 million during its third weekend in domestic theaters. The movie's total sales worldwide have topped $235 million.

Rounding out the top five, Denzel Washington thriller "Safe House" grabbed $11.4 million and love story "The Vow" grossed $10.0 million. Both movies were in their third weekends of release.

Two other new films couldn't crack the top five.

Comedy "Wanderlust" rung up $6.6 million, earning eighth place. The movie stars Jennifer Aniston and Paul Rudd as a stressed Manhattan couple who start a new life in a commune. Universal and Relativity produced the film for about $30 million.

"Gone," a new thriller starring Amanda Seyfried, pulled in $5.0 million domestically and finished in ninth place. The movie tells the story of a woman trying to find a serial killer who has abducted her sister.

Among films competing for Oscars later on Sunday, black-and-white silent movie "The Artist" pulled in $3.0 million, bringing its domestic total to $31.9 million. George Clooney drama "The Descendants" grossed $2.2 million for a cumulative total of $78.5 million at domestic theaters.

Lions Gate's Summit Entertainment unit distributed "Gone." "Safe House" and "Wanderlust" were released by Universal Pictures, a unit of Comcast Corp. Time Warner Inc unit Warner Bros released "Journey 2: The Mysterious Island. Sony Corp's film studio distributed "The Vow."

Did you see a movie this weekend? Give us your one-sentence review on Facebook.

Related content:

Copyright 2011 Thomson Reuters. Click for restrictions.

Source: http://entertainment.msnbc.msn.com/_news/2012/02/26/10512545-act-of-valor-featuring-real-navy-seals-wins-box-office-war

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Sunday, February 26, 2012

LED Along With Swimming Pool: LED Lighting ... - Mountain Bikes

Ever since the earliest origins of man and his society, he has had an appreciation for water. In the ancients saw it not only considered as an integral part of life but also of as a significant element upon which the cosmos is made on. This bonds of harmony for water is likewise manifested by the actual fact that from ancient times to the present human community makes a living, keeps clean and even experiences comfort with water. This is certainly not strange since the most of the planet?s surface as well as the composition of the human body is water.

The idea of harnessing water is just as old as human civilization itself. The Babylonians learned methods to channel into their cities? landscapes from beyond the wilderness. The Egyptians discovered to cultivate the land by channeling it into their fields. The Romans identified different ways to collect it for communal operation, which gave rise to public baths. These baths were the precursors of the modern bath tubs and swimming pools. In modern society there exists an entire custom of water leisure. There is the proliferation of water ? parks, resorts, swimming pools in hotels as well as in private places of residence. For modern man being in water is not only about making money but at the same time about sports, recreation, scientific investigation as well as simulation for immersion in the marine surroundings. A family could use a pool area to cool off during summer but the same thing is utilized by astronauts to help train for space missions.

The fact is, the swimming pool is an icon and a mainstay part of modern society as well as various human practices revolve around it. The notion is that in summer a significant amount of time is mostly spent in them. Competitive sports activities involve their use and individuals often take a swim even during late hours to overcome anxiety of just to relax. They are also ordinary in health clubs as well as fitness facilities. This is simply because swimming is known to be a very good way to stay healthy. The use of the swimming pools is simple during daylight. However, during twilight as well as night time for it to be enjoyed it requires illumination. In earlier times lighting for swimming pools were inefficient, damaged and in some cases extremely hazardous.

With the development of LED a viable option for lighting up swimming pools came into being. We can say that LED was designed for swimming pools among other things. It was highly effective, gave off small amount of heat, used minimal electrical power, had more dependable casings, and had an overall operation that outdid its predecessors. This could be seen in the fact that a substantial amount of LED lights in San Bernardino, California is in swimming pools.

It is just natural that there is the widespread application of LED lights in San Bernardino, California. He mentioned locality is in a state that is amongst the warmest and most humid in the United States.

LED lights in San Bernardino, California can be found in family swimming pools, sports centers, physical fitness clubs and water parks. This attests to the possibility of the LED as the prime illumination for swimming pools.

Source: http://mountainbikesx.com/led-along-with-swimming-pool-led-lighting-units-throughout-san-bernardino-california/

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Increase Your Online Success With These Profitable ... - AnC Ebooks

Many businesses today use web marketing as a reliable means of promoting their goods and services. By using search engine optimization techniques, targeted advertising and other web marketing techniques, your sales will grow. If web marketing appeals to you, the points in this article should give you some valuable ideas to get started.

Regular blogging is an asset to any internet marketing campaign. A continuing blog also stands as testament to the enduring value of your products. A blog is a great addition to your website. It adds variety. The blog encourages people to visit your website frequently in order to see your new insights, anecdotes or stories. It may also help attract search engines.

An effective way to draw more traffic to your site is by creating a blog. The key is to ensure that you use timely, relevant, updated content. Potential buyers are more likely to revisit your site if they can always look forward to reading new content that is relevant and interesting.

The internet has made doing business an anonymous affair. This is an important strategy for smaller, independent businesses who want to create personal relationships with customers for retention purposes.

Unless your customers trust you, you will not be successful. When creating promotional materials for your business, always make factual, evidence-based claims. Make sure that you have the documentation necessary to back up test results, endorsements, and testimonials.

A glossary of technical terms is always a must-have for its obvious search engine potential. The glossary is a great source of information for all your current and prospective customers. This will just create exposure for your site because many people will be looking for these terms, and you?ll be the expert that everyone trusts to find the information.

In conclusion, many businesses use Internet marketing to sell products and services. Web marketing uses methods such as search engine optimization and advertising to generate sales interest. If you remember the advice in this article, you can use web marketing to seriously boost interest in your own products and services.

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Searching for more information visit here atlantawebmarketing.org
or atlantaonlinemarketing.org


Source: http://ancebooks.com/anc-ebooks/increase-your-online-success-with-these-profitable-web-marketing-tips/

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Saturday, February 25, 2012

Auburn's Katrynia Todd snags second Washington State girls wrestling title | Prep girls wrestling

Auburn girls wrestling champion Katrynia Todd knows a thing or two about celebrating.

With the roar of the Mat Classic XXIV crowd at the Tacoma Dome still ringing in her head after she?d captured, Todd had one thing on her mind.

?I went to McDonald?s,? Todd said. ?I had a McFlurry.?

Never has a frozen treat tasted so sweet to a well-deserving athlete.

Todd ? who finished first in the 140-pound class last season ? cut a swath through her competition at the meet, finishing her prep career with a pin at three minutes, nine seconds over Othello?s Allesha Reyes in the title match last Saturday.

According to her coach, Erik Opel, Todd got off to a rough start at the tournament before pinning down her second straight state title.

?She was concerned about her weight and hadn?t really eaten a lot,? Opel said. ?Plus there were probably some first-day jitters. But once she got something to eat, we got back on track, wrestling.?

After defeating Columbia River?s Samantha Schoene with a 15-3 major decision in the first round, however, Todd?s training and confidence took over.

?I think I was more experienced at the whole state thing this year,? Todd said. ?I was more used to all the people staring at you and all the pressure. I absolutely feel like I was a better wrestler this year. I feel like I went out there and took care of business.?

In the second round, Todd defeated Lacy Cannon of Mount Baker with a 6-1 decision, setting up a meeting with South Kitsap?s Amberlee Brasch on Saturday morning.

?My semifinals match was the hardest because it was 1-1 through three rounds before I got her down,? Todd said.

Once on the mat, Todd ground down Brasch, maneuvering her into a pin at the 5:52 mark.

The win set up a showdown against Reyes for the title, a match that Todd controlled from start to finish.

?The biggest difference from last year to this was she was a much more complete wrestler,? Opel said. ?She really worked on developing a lot more skill. I think that was a big difference for us this year.?

Now that Todd is done with her prep wrestling career, she has mixed feelings.

?I had all this pressure on me, so it just felt good to be done,? she said. ?But it?s kind of sad that I won?t wrestle in high school anymore, but hopefully I?ll wrestle in college.?

Todd already has received interest from wrestling programs at Southwestern Oregon Community College in Coos Bay, Ore., Menlo College in Atherton, Calif., and Midland University in Fremont, Neb.

Auburn wrestling head coach Dennis Herren appreciates what Todd has brought to the program, regardless of where she winds up.

?I honestly couldn?t be more inspired by Katrynia Todd,? he said. ?Both of her last matches were tough, but she broke them and pinned them. All of Auburn wrestling needs to be grateful to her for bringing us a state championship for the program this year.?

Contact Auburn Reporter Sports Reporter Shawn Skager at sskager@auburn-reporter.com or (253) 833-0218, ext. 5054.

Source: http://feeds.soundpublishing.com/~r/aubsports/~3/yO3xeaLVZIo/140213433.html

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Friday, February 24, 2012

Mix and Match Qubits

Anybody can find out how to crack the codes protecting your bank transfers and online credit card purchases. The step-by-step instructions for stripping away the secrecy were published years ago.

Nobody is very worried about a possible security breach, though, because the code-cracking formula runs only on quantum computers. These contraptions, which exploit the rules governing the fuzzy world of quantum mechanics, have so far remained laboratory curiosities, less powerful than a slide rule.

New blueprints could change all that. Rival technologies that have steadily matured in recent years ? but failed to produce powerful quantum computers on their own ? are now being married. Physicists playing matchmaker hope to build hybrid devices greater than the sum of their parts, dynamic duos in the spirit of Batman and Robin.

?There?s no clear map for the road ahead,? says J?rg Wrachtrup, a physicist at the University of Stuttgart in Germany. ?But some quantum processors will be a kind of hybrid system for sure.?

Designs currently on the drawing board mimic the division of labor found in today?s computers, where the hard drive is a magnetic material good for storing information and the processor is a silicon chip where information can be quickly manipulated. Quantum versions of these components would bring together objects of different sizes and personalities, from atoms to super?conducting circuits to chips of diamond.

Early research has shown that these would-be components can communicate with one another. A hybrid approach that stitches them together might one day yield a powerful quantum computer, useful not just for breaking codes. Such a computer could also tackle other problems difficult or impossible for today?s ordinary computing machines ? from searching through piles of data faster than a conventional computer to simulating how molecules chemically react.

?We can?t promise a functional computer in five years,? says Klaus M?lmer, a quantum physicist at Aarhus University in Denmark. ?But the very first experiments are promising.?

A matter of size

Today?s computers, whether PC or Mac, work with bits of information that are either a 0 or a 1. But quantum computing, an idea that can be traced to physicist Paul Benioff about three decades ago, works with the quantum analog of classical bits: qubits. Because of the weirdness of the quantum world, a qubit exists in what?s called a superposition of states, being both 0 and 1 at the same time. Connect together a dozen qubits, and the group encodes all 4,096 possible combinations of 0s and 1s simultaneously. This uncanny teamwork allows calculations to be performed on many inputs at once. It?s the secret to how a quantum computer could solve certain kinds of problems exceptionally rapidly.

Atoms, which live at the small scales governed by quantum laws, have long been a promising candidate for qubits, thanks to their proven ability to store quantum information. Trapped in an electric field, an isolated atom can adopt and maintain a split personality for minutes, an eternity in the quantum world.

But atoms are also shy. Forging the connections between atoms required to perform computations with qubits is technically challenging, especially as more atoms are added to the system. The world record for the most atomicqubits linked together stands at only 14, set last April by Thomas Monz and colleagues working with charged calcium atoms at the University of Innsbruck in Austria.

Instead of using atoms as qubits, some scientists have turned to bigger objects that are easier to work with: super?conducting wires etched on circuit boards. In the late 1990s, these bits of metal disclosed a penchant for behaving just as strangely as atoms. When electrons zipping around a superconducting loop are forced to leap through an insulating barrier, unusual things happen. Current can flow in different directions simultaneously, or two different amounts of charge can exist at once.

These circuit building blocks promise to be easier to link up than atoms. Techniques borrowed from the computer chip industry have been adapted to join loops of superconducting metal and manipulate the information they contain. In 2007 a team in the Netherlands showed how to quickly change the state of one superconducting qubit using a gate, a basic component required for making a computer processor.

?There?s something very powerful about superconducting qubits,? says John Martinis, a quantum physicist at the University of California, Santa Barbara. ?They?re large, so they can be easily wired together to make computer processors.? A new superconducting processor with nine qubits ran a simple program that identified the prime factors of 15 (5 and 3), Martinis? team planned to report in February at a meeting of the American Physical Society.

Because of their gawkish size, though, superconducting wires have trouble maintaining their quantum weirdness. Contact with the environment, which destroys qubits, is more difficult to avoid than it is with atoms. The hardiest superconducting qubit ever made that could reliably repeat its performance was described in the Dec. 9 Physical Review Letters. It held onto a piece of information for a mere 20 microseconds.

Some scientists are trying to overcome the limitations of atoms or superconducting circuits, relying on just one technique to store and manipulate information in a quantum computer. But other researchers think that combining these two approaches could exploit the strengths of each. A hybrid could have an atomic hard drive, a memory for storing information. As necessary, that information could be dumped into a CPU made of superconducting qubits wired together to perform calculations. The results of these calculations could then be dumped back into the hard drive.?

Come together

Several variations on the hybrid anatomy have been proposed. One early scheme, described in 2004 in Physical Review Letters, would link individual atoms to superconducting qubits. Another plan, detailed in the same journal in 2006, would move information between superconducting circuits and clouds of molecules that serve as a collective memory.

?We?re trying to come up with ideas where you combine the advantages of different systems but not the disadvantages,? says Peter Zoller, a theoretical physicist at the University of Innsbruck.

One team is trying to build a hybrid device at the Joint Quantum Institute at the University of Maryland in College Park. Researchers there have coated tiny fibers with rubidium atoms. These atoms, long used to keep time in some of the world?s most precise clocks, can store quantum information in their vibrations. In theory, magnetic fields generated by a nearby superconducting wire could serve as a communication channel, so information could be passed to superconducting qubits.

Getting this scheme to work is tricky because of how carefully the atoms have to be held in place. So other groups hope to make hard drives out of atoms that come prewrapped in nice neat diamond packages.

Diamond is a relative newcomer to the quantum community. In 2008, researchers showed how a type of impurity that turns a synthetic diamond pink could be controlled the way qubits made from isolated atoms are (SN: 4/5/08, p. 216). The diamond defect occurs when a nitrogen atom takes the place of a carbon atom in the crystal structure and is flanked by a hole where another carbon atom is missing.

In this situation, a pair of the nitrogen?s electrons splay out into the hole and behave as one. The single entity created has a quantum property called spin, which can be thought of as a tiny bar magnet that can point either up or down. But unlike a real magnet, quantum spin can also point up and down at the same time.

Shielded from the hostile world in a diamond womb, the electron duo should be able to preserve its spin for more than a millisecond at room temperature, and even longer when chilled. (This quantum state can also be moved into an atom?s nucleus, where its longevity would rival that of the traditional atomic approach.)

?Once you transfer information into a diamond, it lives a really long time,? says Anders S?rensen of the University of Copenhagen?s Niels Bohr Institute. In 2010 S?rensen and colleagues first proposed a match between diamonds and superconducting circuits.

Arranging this marriage turned out to be surprisingly easy. At NTT Basic Research Laboratories in Atsugi, Japan, Xiaobo Zhu and colleagues simply glued a diamond chip to a circuit board. In this Frankensteinian apparatus, magnetic fields generated by the superconducting qubit changed the spins of the electron duos within the diamond. On October 13, the same day this information swap was reported in Nature, a group led by researchers in France announced a similar feat.

?This is the beginning of the field, but we?ve proven that this is a possible task,? says Patrice Bertet, a quantum physicist at the French laboratory CEA Saclay.

Bertet and his colleagues? would-be diamond hard drive, reported online at arXiv.org, isn?t very useful right now. One diamond chip stores only a single bit of information, and for just a couple hundred nanoseconds. What?s more, only about one in seven attempts to swap information succeeded. Though the Japanese team didn?t fare any better, both experiments show that hybrids may turn out to be more than just an idea on a physicist?s wish list.

Hidden gems

For all their sparkle, diamonds aren?t the only way to bling out a superconducting circuit with prewrapped qubits. Rubies contain interesting chromium impurities with spins that could be the Juliet to the Romeo that is superconducting circuits. One group of researchers wants to use nitrogen atoms caged within buckyballs ? carbon spheres that resemble geodesic domes. Another is playing with rare earth atoms that could be useful for storing information.

One set of blueprints calls for exotic entities whose existence hasn?t even been confirmed yet. Last spring, a team led by theoretical physicist John Preskill of Caltech extolled the benefits of tucking information inside ?anyons.? These two-dimensional particles are thought to inhabit the surfaces of bizarre materials known as topological insulators, which behave in strange ways when it comes to conducting electricity. In theory, an anyon would have to be disturbed at two points at once to lose its information, offering the ultimate in reliable storage.

?There are other materials that seem to have the interesting quantum properties found in diamond,? says David Awschalom, a physicist at the University of California, Santa Barbara.

Awschalom has taken a pragmatic approach to quantum hard drives. He?s testing materials that engineers already know how to work with ? mundane silicon semi?conductors that star in today?s electronics. A semiconductor-superconductor hybrid would be a decidedly practical match.

Silicon carbide, used in high-power transistors and other equipment, seems to have the right stuff for storing quantum information. Like diamond, the material is dotted with defects. Reporting in the Nov. 3 Nature, Awschalom?s team controlled the spins of electrons in these defects. Computer simulations done by the researchers have revealed more than a dozen other promising materials, including magnesium oxide, zinc oxide and aluminum oxide.?

Hybrid horizon

Hybrids with hardware made of semiconductors or diamond would offer an added bonus: They would have a built-in modem that could allow future quantum computers to broadcast the information they store. Physicists are keen to eventually construct a quantum network spanning great distances.

?You might like to make a quantum Internet some day,? says Yale?s Robert Schoelkopf, a quantum physicist and superconducting qubit pioneer.

Superconducting circuits can?t talk to the particles of light that carry information on fiber-optic cables. But electrons in diamonds and silicon carbide can, while still being relatively easy to work with. Modems made from these materials could extend the reach of quantum information from different spots on the same superconducting chip to different places on the globe.

Ultimately, the anatomy of future quantum computers ? whether they are based on one material or many, and which ones ? may depend on how many qubits the device needs, which in turn depends on what problem it is intended to tackle.

A small quantum computer with dozens of qubits, for instance, could potentially solve some outstanding mysteries in science. It could probably simulate materials that are too complicated to be understood with today?s computers ? revealing how high-temperature superconductors work, for instance.

It?s not unreasonable to think that a quantum computer based on a single kind of qubit could accomplish this and similar tasks. Atomic qubits have successfully simulated run-of-the-mill magnets that can already be understood using classical computers. And the quantum lifetimes of superconducting qubits, while still lousy, have steadily improved to the point that some people have proposed using them for simulations as well.

?We?re close to doing some quantum simulations that we could never do classically,? says physicist Chris Monroe, who works with atom qubits at the Joint Quantum Institute. ?That? going to happen pretty soon, I think.?

But other applications, such as code breaking, will certainly require devices much bigger and more powerful, with a million or more qubits ? though no one knows the exact number for sure.

What a device that complex will end up looking like, and how many approaches get mixed and matched to make it, is still anyone?s guess.


Source: http://www.sciencenews.org/view/feature/id/338676/title/Mix_and_Match_Qubits

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Making droplets drop faster

Friday, February 24, 2012

The condensation of water is crucial to the operation of most of the powerplants that provide our electricity ? whether they are fueled by coal, natural gas or nuclear fuel. It is also the key to producing potable water from salty or brackish water. But there are still large gaps in the scientific understanding of exactly how water condenses on the surfaces used to turn steam back into water in a powerplant, or to condense water in an evaporation-based desalination plant.

New research by a team at MIT offers important new insights into how these droplets form, and ways to pattern the collecting surfaces at the nanoscale to encourage droplets to form more rapidly. These insights could enable a new generation of significantly more efficient powerplants and desalination plants, the researchers say.

The new results were published online this month in the journal ACS Nano, a publication of the American Chemical Society, in a paper by MIT mechanical engineering graduate student Nenad Miljkovic, postdoc Ryan Enright and associate professor Evelyn Wang.

Although analysis of condensation mechanisms is an old field, Miljkovic says, it has re-emerged in recent years with the rise of micro- and nanopatterning technologies that shape condensing surfaces to an unprecedented degree. The key property of surfaces that influences droplet-forming behavior is known as "wettability," which determines whether droplets stand high on a surface like water drops on a hot griddle, or spread out quickly to form a thin film.

It's a question that's key to the operation of powerplants, where water is boiled using fossil fuel or the heat of nuclear fission; the resulting steam drives a turbine attached to a dynamo, producing electricity. After exiting the turbine, the steam needs to cool and condense back into liquid water, so it can return to the boiler and begin the process again. (That's what goes on inside the giant cooling towers seen at powerplants.)

Typically, on a condensing surface, droplets gradually grow larger while adhering to the material through surface tension. Once they get so big that gravity overcomes the surface tension holding them in place, they rain down into a container below. But it turns out there are ways to get them to fall from the surface ? and even to "jump" from the surface ? at much smaller sizes, long before gravity takes over. That reduces the size of the removed droplets and makes the resulting transfer of heat much more efficient, Miljkovic says.

One mechanism is a surface pattern that encourages adjacent droplets to merge together. As they do so, energy is released, which "causes a recoil from the surface, and droplets will actually jump off," Miljkovic says. That mechanism has been observed before, he notes, but the new work "adds a new chapter to the story. Few researchers have looked at the growth of the droplets prior to the jumping in detail."

That's important because even if the jumping effect allows droplets to leave the surface faster than they would otherwise, if their growth lags, you might actually reduce efficiency. In other words, it's not just the size of the droplet when it gets released that matters, but also how fast it grows to that size.

"This has not been identified before," Miljkovic says. And in many cases, the team found, "you think you're getting enhanced heat transfer, but you're actually getting worse heat transfer."

In previous research, "heat transfer has not been explicitly measured," he says, because it's difficult to measure and the field of condensation with surface patterning is still fairly young. By incorporating measurements of droplet growth rates and heat transfer into their computer models, the MIT team was able to compare a variety of approaches to the surface patterning and find those that actually provided the most efficient transfer of heat.

One approach has been to create a forest of tiny pillars on the surface: Droplets tend to sit on top of the pillars while only locally wetting the surface rather than wetting the whole surface, minimizing the area of contact and facilitating easier release. But the exact sizes, spacing, width-to-height ratios and nanoscale roughness of the pillars can make a big difference in how well they work, the team found.

"We showed that our surfaces improved heat transfer up to 71 percent [compared to flat, non-wetting surfaces currently used only in high-efficiency condenser systems] if you tailor them properly," Miljkovic says. With more work to explore variations in surface patterns, it should be possible to improve even further, he says.

The enhanced efficiency could also improve the rate of water production in plants that produce drinking water from seawater, or even in proposed new solar-power systems that rely on maximizing evaporator (solar collector) surface area and minimizing condenser (heat exchanger) surface area to increase the overall efficiency of solar-energy collection. A similar system could improve heat removal in computer chips, which is often based on internal evaporation and recondensation of a heat-transfer liquid through a device called a heat pipe.

The next step in the research, underway now, is to extend the findings from the droplet experiments and computer modeling ? and to find even more efficient configurations and ways of manufacturing them rapidly and inexpensively on an industrial scale, Miljkovic says.

###

Massachusetts Institute of Technology: http://web.mit.edu/newsoffice

Thanks to Massachusetts Institute of Technology for this article.

This press release was posted to serve as a topic for discussion. Please comment below. We try our best to only post press releases that are associated with peer reviewed scientific literature. Critical discussions of the research are appreciated. If you need help finding a link to the original article, please contact us on twitter or via e-mail.

This press release has been viewed 20 time(s).

Source: http://www.labspaces.net/117854/Making_droplets_drop_faster_

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Thursday, February 23, 2012

Bretton Woods Uncovered (Taegan Goddard's Political Wire)

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

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/203835859?client_source=feed&format=rss

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The Increasing Demand for Patio Enclosures Among Australian ...

Australians have become a lot more open to the idea of putting patio enclosures in their homes. It?s probably because they enable you to enjoy the outdoors without the bugs and other similar difficulties brought by the outdoors.

Quite often, clients have various needs and requirements. Some want what?s practically a home extension, with not only a roof but walls and windows too, although some want little more than a canopy, roofed and floored but otherwise just a part of the outdoors.

However, all of them wish a patio enclosure which is modern yet blends in with their house, and above all made of high quality yet inexpensive. Most businesses offer an array of enclosure styles and features that guarantees customer satisfaction.

Most Patios can be utilized in various ways. They are sometimes used as being a place for parties and get-togethers. Other people prefer to use them as solariums in order to keep their potted plants in. Or as a playroom or a house office, or a sleeping area, pet quarters or a place to store their hot tub.

You are able to furnish them along with electrical sockets, fans and all of those other add-ons usually found in the house. The great thing is that in Australia; you can utilize them no matter what time of the year.

Even the roof covering can be created to let in the light by having it made from polycarbonate, so they won?t darken nearby rooms in your house. If you think that you a sloping roof best suit your home, then you could opt for it.

As with nearly all types of home improvement, an outdoor patios is a smart investment. It doesn?t simply provides satisfaction, it raises the price of your house making sure that you can market it a great price in case you plan to do so in the future.

What aspects should I put into account when choosing a patio enclosure?

On a sunny day, take a look outside and consider

* the strength and directionality of the sun the whole year and in case you want to become out in the sun or perhaps in the shade * the availableness of the area in which you intend to construct the enclosure and the location of the close by trees * which place in your house will be the most convenient and most accessible place for the enclosure * whether your enclosure will give you sufficient privacy without disturbing your neighbors

Why is it important to pick a good company for the building of my outdoor patios?

We have consultants who are skilled in giving tips about picking an enclosure that best suit your home. We likewise use craftsmen who are able to custom build your enclosure using the very best and high quality supplies available.

We?re detail-oriented and we likewise ensure your precise requirements are met.

Let sunshine inside with stunning Patio enclosures. Outside your windows make sure you utilize a quality outdoor patiosto impress others

Source: http://articlesmesmerizing.com/home-improvement/patio-deck/the-increasing-demand-for-patio-enclosures-among-australian-homes

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Wednesday, February 22, 2012

iVillage Reveals Entertainment Awards Winners on 'Today'

Visit msnbc.com for breaking news, world news, and news about the economy

Source: http://www.ivillage.com/ivillage-reveals-entertainment-awards-winners-today/1-a-431007?dst=iv%3AiVillage%3Aivillage-reveals-entertainment-awards-winners-today-431007

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Education Issues During Bankruptcy : Texas Bankruptcy Blog

Filing bankruptcy impacts every aspect of your finances. If you need to fund your child's education, it is important to discuss the details with your bankruptcy attorney. Three common educational financing concerns during bankruptcy are: funding a 529 educational savings account, paying for private school tuition, and college loans.

Section 529 of the Internal Revenue Code makes special tax allowances for contributions to protected education accounts. These accounts are also protected from creditors (and from the trustee) during bankruptcy, but special rules apply. For instance, the beneficiary of the account must be your child, stepchild, grandchild, or step-grandchild. You cannot set up a 529 fund for yourself, then file bankruptcy and protect the money.

The timing of deposits into a 529 Plan will determine whether the money is protected. Deposits made within 365 prior to your bankruptcy filing are not protected at all. Deposits made between 365 days and 720 days prior to your bankruptcy filing are exempt up to $5,850 per beneficiary. Any deposit made over 720 days before filing bankruptcy is entirely exempt.

Private school tuition for elementary and secondary schools may or may not be allowed during a Chapter 13 bankruptcy. Congress allows an educational expense of $147.92 per month per child under the bankruptcy means test. Whether you will be allowed to pay more than that is decided on a case-by-case basis. Chapter 7 bankruptcy debtors are not prevented from paying private school tuition.

College loans may also be impacted by bankruptcy. Your bankruptcy does not affect your child?s ability to obtain need-based financial aid such as Pell Grants and Stafford Loans. However, you are disqualified from credit based financial aid like the PLUS (Parental Loan for Undergraduate Students) Loan and the Graduate PLUS Loan if you have declared bankruptcy within the past five years, unless there were extenuating circumstances or you can obtain a creditworthy cosigner.

Fortunately, your child qualifies for increased unsubsidized Stafford loan limits if you are denied a PLUS Loan. Stafford loans are advantageous because the loan remains in forbearance while the student attends school, while a PLUS Loan is subject to immediate repayment.

Bankruptcy can impact funding your child's education. Each case is different and a qualified legal opinion is required to guide you to the most beneficial outcome. Consult with an experienced bankruptcy attorney and discuss your unique situation. Your attorney can explain your legal options.
?

Source: http://www.txbankruptcyblog.com/2012/02/articles/bankruptcy-news/education-issues-during-bankruptcy/

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Tuesday, February 21, 2012

Blast at steel plant in NE China kills at least 10 (AP)

[unable to retrieve full-text content]AP - At least 10 people have been killed and three others are missing after a blast at a steel plant in northeastern China.

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/ap/20120221/ap_on_re_as/as_china_deadly_blast

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Concrete Blocks Ensuring a High Level of Privacy: Beach Home in ...

ButuhDoa Blog | Japanese and Korean Media ? Log In

BUTUHDOA BLOG HAD CLOSED FOR ALL... THANKS TO ALL WHO HAVE TO GIVE MY SUPPORT.
BECAUSE I GOT EMAIL FROM: guardians@cpra.jp click wordpress logo to read the emailcontents of email
THEN I WILL BE CLOSING THIS BLOG FOREVER.
THANK YOU

Source: http://www.butuhdoa.net/concrete-blocks-ensuring-a-high-level-of-privacy-beach-home-in-uruguay.html

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Monday, February 20, 2012

Autism Diagnosis Often Occurs Later for Black Children (HealthDay)

[unable to retrieve full-text content]HealthDay - MONDAY, Feb. 20 (HealthDay News) -- Black children with autism tend to
be diagnosed later than white children with the disorder, and this delay
can lead to longer and more intensive treatment, researchers say.

Source: http://us.rd.yahoo.com/dailynews/rss/parenting/*http%3A//news.yahoo.com/s/hsn/20120220/hl_hsn/autismdiagnosisoftenoccurslaterforblackchildren

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Sunday, February 19, 2012

Know Which ATV Parts Work With Your Vehicle | Maxine Rich : USA ...

If your ATV is not working or running properly, then it?s time to get a mechanic to look into it or to fix it yourself. Since ATVs are exposed to unusual terrain that can include sand, snow or elements found in wooded areas, you can expect that your ATV is exposed to conditions that would strain most normal vehicles. With the many parts needed to keep an ATV running, you need to make sure that you have a reliable source for ATV parts and accessories. Whether you need parts that can be used for your ATV?s engine, billet, body, drive, suspension, electronics, lights and tires, you can find specialty companies that can provide you a wide selection on all categories. These companies can also provide you with a selection of tools to help you fix your ATV and various chemical products to help maintain or make it run better. You might also want to check out the various protective gear or clothing you can wear when riding your ATV. You can find companies that have websites that you can easily browse to search for the parts and accessories needed for your ATV?s repair or upkeep.

You will find that there are hundreds of potential parts or accessories that can be used on your ATV, so it?s important to know the specific ones that will work on it. Certain companies have websites that allow you to search for ATV accessories or parts according to your ATV?s model, make and year of production. There are also search options according to the brand, to ensure that you are getting the right parts that will work on your ATV. You can find parts and accessories that can fit your budget by entering your expected or desired price range. If you have a part number, you will find it convenient using the information to search for a part on certain websites.

Certain companies can also provide you with parts and accessories selections for other vehicles. You can check out the options for dirt bikes, sports bikes, snowmobiles, personal water crafts and UTV parts and accessories. Certain sites feature a registration option, which provides you with a buyer account that you can access to check your purchase history in case you forgot the parts that you need and have already previously purchased. Certain sites provide a great gift option with gift certificates for sale that you can give to your friends who are also motorsport enthusiasts. Your friends will definitely appreciate a gift that they can use towards their hobby.

Source: http://www.maxinerichartreviews.com.au/?p=79

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Birds in uncertain climates are more likely to stray from their mates

Friday, February 17, 2012

Married people may pledge to stay faithful through good times and bad, but birds sing a different tune ? when weather is severe or uncertain, birds are more likely to stray from their mates, says a new study by researchers working at the National Evolutionary Synthesis Center and Columbia University.

The results could mean more marital strife for birds coping with climate change, the researchers say.

Divorce and infidelity are a normal part of life for most birds, which typically nest with one partner for a few months or years, but may have chicks out of 'wedlock' or move on to new mates between breeding seasons.

"Most apparently monogamous birds end up having multiple partners," said lead author Carlos Botero, who conducted the study while at the National Evolutionary Synthesis Center, and is now a postdoctoral fellow at the Initiative in Biocomplexity at North Carolina State University.

Botero and his colleague Dustin Rubenstein of Columbia University wanted to find out if bird divorce and infidelity were more or less likely in dicey climates.

To find out, they studied records of the mating habits of hundreds of bird species, focusing on species where males and females work together to raise their chicks ? a large data set that included swallows, chickadees, blue birds, falcons, warblers, sparrows, ducks, geese and gulls.

For each species in their data set, they measured the rate of infidelity ? defined as the fraction of nests containing chicks resulting from an 'affair' ? as well as the rate of divorce, or the fraction of birds that changed partners between breeding seasons.

When they combined this data with temperature and precipitation records from weather stations near each species' nesting sites, they found something interesting ? birds that breed in changeable climates were more likely to cheat.

Infidelity was more common in species that breed in areas with more dramatic seasonal swings between warm and cold. When seasons are severe, promiscuity may pay off as a way of increasing the genetic diversity of the chicks, Botero said. "Mating with multiple partners improves the chances that at least one chick will have the genes to cope with the variable conditions to come," he explained.

The effect was greater for divorce. Birds in unpredictable climates were more likely to cast off their current mate and seek a new partner for the next breeding season, even at the expense of losing valuable breeding time before they paired up again.

"The quality of a potential mate depends on the context," Botero explained. In the Galapagos Islands, for example, finches with bigger beaks are better at finding food during dry periods, when larger, drier, harder-to-crush seeds are more important, whereas finches with smaller beaks do better during wet periods.

The perfect partner during one set of conditions may be a so-so mate at another. But when the length, timing or intensity of annual weather cycles is less certain, it may be harder for a bird to predict, based on conditions during the courting phase, what conditions are likely to be like during the chick-rearing phase. "The more unpredictable the environment is, the more likely birds are to make mistakes [in picking a mate], and the more likely they are to divorce," Botero said.

What does this mean for birds coping with climate change?

"As a result of climate change weather patterns have become more unpredictable, and the frequency of extreme weather events has increased," Botero said.

Whether the findings apply to humans is still unknown, but in birds "we would expect marital strife will become much more common," he added.

###

Botero, C. and D. Rubenstein (2012). "Fluctuating environments, sexual selection and the evolution of flexible mate choice in birds." PLoS ONE.

National Evolutionary Synthesis Center (NESCent): http://www.nescent.org

Thanks to National Evolutionary Synthesis Center (NESCent) for this article.

This press release was posted to serve as a topic for discussion. Please comment below. We try our best to only post press releases that are associated with peer reviewed scientific literature. Critical discussions of the research are appreciated. If you need help finding a link to the original article, please contact us on twitter or via e-mail.

This press release has been viewed 57 time(s).

Source: http://www.labspaces.net/117707/Birds_in_uncertain_climates_are_more_likely_to_stray_from_their_mates

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Saturday, February 18, 2012

Baby Boomer Aging Statistics - The Statistics Are Staggering


Baby Boomer Aging Statistics -
The Statistics Are Staggering


The Baby Boomer aging statistics are staggering.

America's 78 million Baby?Bloomers will began turning 65 last year at a rate of one every 10 seconds (3 million to 4 million per year).

The sheer statistical numbers of our Baby Boomer Demographic alone means that we are becoming a larger and larger part of nearly every physician's practice.

By age 65, statistics show that two-thirds of all Baby?Bloomers have at least one chronic disease and have seen seven physicians.

Situations like these are a nightmare for patients and the physicians who treat us and it won't get any better.

Over the age of 65, Baby?Boomers two thirds of us are expected to have 5 or more?chronic diseases, see 15 physicians and average over 40 doctor visits a year.

Variations in therapies, medications and even differing instructions can be confusing, conflicting and hard for physicians and patients to remember.

Not all?physicians are prepared to treat an office full of aging Baby Boomers.

However, progress is being made to better prepare physicians for the inevitable?onslaught of the needs of aging Baby Boomers.

How the the medical community is preparing for aging Baby Boomers.

? The AMA now has policies that call for all physicians with older patients to be competent in geriatrics. This policy applies to physicians at all levels, including undergraduates, residents and practicing physicians.

? The American Association of Medical Colleges have now developed for medical students programs covering 26 geriatric competencies which includes being able to explain the impact of age-related changes on drug selection and dosage, diagnosing dementia and talking with patients and families about palliative care.

? Similar competencies in geriatrics have been development for residents in the fields of surgery, family medicine, internal medicine and emergency medicine, and for other specialists involved in treating older patients. In addition, opportunities now exist for resident training in nursing homes and community- and home-based care.

? On a very positive note, the Patient Protection and Affordable Care Act provides 100% Medicare coverage for annual preventive sessions for Baby Boomers over 65 and seniors. This will be a great benefit to practitioners with geriatric patients. It allows physicians time to discuss a variety of important subjects with their older patients. The law is broad enough that we will be able to tailor these sessions to our patients, and it should make a tremendous difference.

? The AMA website, through their program on Aging and Community Health, offers a wealth of resources for dealing with aging Baby Boomers and for making that process easier for your doctor, their staff and you (www.ama-assn.org/go/aging).

? The AMA?Department of Aging and Community Health has issued a short book written by 47 contributors, most of whom are physicians. Based on personal experience in a variety of fields, the work is designed to fit the lives of busy practitioners and offer insights on how to tailor their practices for older patients. Topics include structural design of practice space, how to evaluate how well a physicians practice serves aging Baby Boomers, staffing and human resources, health literacy, patient self-management, culturally effective care, health disparities, coordination of care in "medical homes" and the family?caregiver's role.

Geriatric Care by Design was borne out of the?AMA's Aging and Community Health Aging Team's Expert Panel in the 2009 meeting. It should be a valuable resource for those physicians moving toward more geriatric-centered practices.

I don't know what the situation will be for Baby Boomer geriatric patients in 25 years, but I do know it will be different.

Steps taken today will lead to a more enlightened, caring, competent and better-equipped world to help aging Baby Boomer patients age gracefully and live out our final years in dignity.

Sign-up for our Baby Boomer Newsletter Emailing List below.
Boomers Rock!
?

Source: http://www.babyboomer-magazine.com/news/165/ARTICLE/1514/2012-02-17.html

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Hardware Store NYC - Lawn Care Tips - Metropolitan Lumber ...

Last updated 1 day 2 hours ago

Though we?re still in for a couple more months of cold weather, it?s never too early to start thinking about your lawn. Since many homeowners make a mad dash for the hardware store?at the beginning of spring, stock up on everything you need now, while you have the best selection. Here are a few?lawn care?tips to give your lawn a head start this coming spring:

  • Remove debris:
    Over the winter, your lawn will likely accumulate leaves, twigs, and other kinds of debris. Most grasses do not ?die off? in the winter but rather hibernate, so your lawn can be damaged by debris buildup. In order to keep your lawn healthy, do your best to keep the grass unencumbered by excess yard waste. Since raking a wet lawn can be damaging, wait for your soil to dry out a bit before you clear debris.
    ?
  • Add seed to damaged areas:
    Snow, cold temperatures, and harsh winds can wreak havoc on even the hardiest of lawns. By late March, begin adding seed to the areas of your lawn that were left bare by the harsh winter. When starting a new?lawn, you should have seed in the ground by mid-April.
    ?
  • Fertilize sparingly:
    Though many homeowners like to spread huge amounts of fertilizer on their lawns at the first hint of spring, doing so could cause excessive top growth and damage the roots. For?best results, use just a small amount of low-nitrogen fertilizer at the beginning of spring.
    ?
  • Prepare your tools:
    If you?re looking for a weekend project, make sure all your lawn equipment is in good shape. It?s always a good idea to have you mower fixed and your blades sharpened before the early spring.

If you want to get a head start on lawn care, visit Metropolitan Lumber and Hardware. While you?re here, check out our selection of Laticrete products, discount power tools, and other home-improvement equipment. Do you have any questions? Call us at (888) 718-6951 to speak with one of our knowledgeable staff members.

Source: http://www.metlumber-nyc.com/372575/2012/02/16/tips-for-creating-the-perfect-lawn-this-coming-spring.html

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Friday, February 17, 2012

Aussies set 1st record at London Olympic Velodrome

A general view of the venue for the upcoming London World Cup track cycling meeting that will be held at the London 2012 Olympic Velodrome, at the Olympic park in London, Tuesday, Feb. 14, 2012. (AP Photo/Alastair Grant)

A general view of the venue for the upcoming London World Cup track cycling meeting that will be held at the London 2012 Olympic Velodrome, at the Olympic park in London, Tuesday, Feb. 14, 2012. (AP Photo/Alastair Grant)

A general view of the technical area with participating team section for the World Cup track cycling meeting at the London 2012 Olympic Velodrome at the Olympic Park in London, Tuesday, Feb. 14, 2012. (AP Photo/Alastair Grant)

(AP) ? Australia's Kaarle McCulloch and Anna Meares have set cycling's first world record at London's Olympic Velodrome.

The world champion pair confirmed their status as strong contenders for the gold medals later this year by beating Lithuania's Gintare Gaivenyte and Simona Krupeckaite in a women's team sprint qualifier at the Track World Cup in 32.828 seconds.

Made of Siberian pine and built by Australian designer Ron Webb, the super-fast track at the new $125-million velodrome had been expected to provide the perfect conditions for record-breaking sprint performances at the four-day World Cup.

The meet is the first competitive event at the 6,000-seat venue and doubles as an Olympic test event.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2012-02-17-CYC-Track-World-Cup/id-b6cb5f0e584f4839a4073fb9f04730f9

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AT&T, Stop Blaming Your Horrible Network And Leave Your Best Customers Alone

att-logoOnce upon a time wireless carriers offered unlimited data plans. Consumers signed the contracts, got their iPhone or Droids and went on to enjoy the smartphone revolution. Along the way streaming video and music hit it big and social media exploded into new demographics. All these things require data, but no worries — the carriers said we had unlimited data. Consume all you want, they said. But then a glowing lightbulb appeared above some carrier's executive's head, suddenly realizing data is an untapped source of massive revenue. Unlimited plans were replaced by tiered data and fear-mongering marketing campaigns were launched to scare consumers into buying more data than they need. Carriers allowed current subscribers to keep their unlimited plans but they aren't safe forever. Now AT&T is aggressively throttling users in an attempt to purge users from the open data bar. The sad thing? AT&T is targeting their best customers with these attacks, many of which have plenty of better options now.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/H7oPobnjfgw/

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Thursday, February 16, 2012

Greece battles to salvage bailout package (Reuters)

ATHENS (Reuters) ? Greece's leaders battled to salvage a new 130-billion-euro ($170 billion) EU/IMF bailout on Wednesday, rejecting doubts over their commitment to a punishing austerity package just hours before a conference call of euro zone finance ministers.

But with mistrust of Athens high, several EU sources told Reuters that finance officials in the 17-state currency union were studying whether it was possible to delay part or all of the rescue deal while still avoiding a disorderly default - news which pushed safe haven German Bund futures to session highs.

Finance Minister Evangelos Venizelos insisted that Greece would have clarified all outstanding issues on a 3.3-billion-euro package of cuts in time for a euro zone call scheduled for 1600 GMT, attacking critics in the zone for "playing with fire."

Greece's conservative party leader Antonis Samaras, widely tipped as the country's next prime minister, pledged in writing that if elected he would stick to an agreed program of welfare and job cuts that triggered riots in central Athens this week.

"If New Democracy wins the next election in Greece, we will remain committed to the programme's objectives, targets and key policies," Samaras wrote.

But Samaras, who leads voter surveys ahead of an election that could come as early as April, insisted the fast-shrinking Greek economy must also be kickstarted into life and reserved the right to adapt details of the package accordingly.

"Prioritizing recovery along with the other objectives will only make the program more effective and the adjustment effort more successful. Therefore ... policy modifications might be required to guarantee the full programme's implementation," he said in the letter to Greece's international lenders.

Greece has said it must initiate a debt swap deal with private sector bondholders by Friday to meet a March 20 deadline for 14.5 billion euros in debt repayments. It was hoping to have the euro zone's backing for its second bailout this week.

But EU sources said some in the euro zone doubted the commitment of Greece's leaders to austerity, and queried whether it would be enough to bring Greece's debt-to-GDP ratio down from 160 percent now to a target of 120 percent by 2020.

"There are proposals to delay the Greek package or to split it, so that an immediate default is avoided, but not everything is committed to," one official briefed on preparations for a euro zone finance ministers call later in the day told Reuters.

"They'll discuss the options," he said, adding: "There is pressure from several countries to hold off until there is a concrete commitment from Greece, which may not come until after they've held elections."

Samaras' belated commitment to honor the austerity plan may put that plan on the back burner.

The euro fell to its lowest in more than a week against the dollar and March Bund futures rose by as much as 60 ticks on the day to 139.12 after the Reuters report. The contract was last up 33 ticks up at 138.85.

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Euro zone crisis in graphics http://r.reuters.com/hyb65p

Interactive timeline http://link.reuters.com/pys56s

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"PLAYING WITH FIRE"

Venizelos earlier insisted there were "only a few remaining issues" to be resolved on the package of wage, pension and public sector job cuts lashed out at Greece's doubters.

"There are now powers in Europe who are obviously playing with fire because they believe ... that not all requirements will be met, and who may even want Greece out of the euro zone," he told reporters in Athens.

Rioters torched buildings across Athens late on Sunday as Greek lawmakers passed the austerity bill, of which around 325 million euros of cuts still need to be identified.

But after a series of broken promises since Athens was first bailed out in May 2010, trust is in short supply.

"When you look at the internal political discussions in Greece and the opinion polls, then you have to ask who will really guarantee after the elections ... that Greece will stand by what we are now agreeing with Greece," German Finance Minister Wolfgang Schaeuble told SWR2 radio.

"I am also not yet sure that all political parties in Greece are aware of their responsibility for the difficult situation their country is in," Schaeuble said, adding the EU remained committed to helping Greece if it honored its promises.

While the outcome of Wednesday's conference call hangs in the balance, European Central Bank board member Joerg Asmussen said approval by the Eurogroup at regular talks next Monday would allow a sovereign debt swap to be completed in time.

"If the Eurogroup (of euro zone finance ministers) is able to make a positive political decision next Monday, the bond swap with voluntary PSI (private sector involvement) can immediately begin and be completed in time," he told Reuters.

He further said in an emailed interview that while the ECB cannot contribute directly to the new Greek package, it could pass any profits from its sovereign bond purchases on to central banks in euro-zone states, which could then use it for Greece.

ALL EYES ON SAMARAS

Doubt had focused on Samaras, a strong critic of the austerity measures. He voted for the spending cuts but says the new round of austerity could plunge the country, already in its fifth year of recession, into an even bigger slump.

"It's true we are asking the Greeks for some extremely painful sacrifices and I understand their anger, but Greece has made many errors in its past," French Foreign Minister Alain Juppe told France Info radio on Wednesday.

"It (the bailout) must be concluded because if Greece went bankrupt and left the euro zone, the chaos would be even worse for the Greek people and very bad news for the euro zone."

The EU and IMF want Greece to account for every cent of budget cuts before they approve the rescue, which includes a bond swap, cutting the real value of private sector investors' bond holdings by some 70 percent.

But Greece's downward economic spiral has accelerated, making it even harder to cut its mountainous debt. Data on Tuesday showed that the economy shrank by seven percent year-on-year in the fourth quarter of last year, even more than the five percent contraction of the third quarter.

Greece is well on its way to suffering one of the biggest slumps of modern history. Output has contracted 16 percent from its peak in 2008 and the cuts will inevitably make that worse.

Prime Minister Lucas Papademos has said that failure to back the bailout would consign Greece to economic catastrophe.

But with many Greeks suffering huge cuts in their living standards and young people burning and wrecking almost 100 Athens buildings in one night on Sunday, some people believe the catastrophe is already under way.

($1 = 0.7616 euros)

(Additional reporting Harry Papachristou and Lefteris Papadimas in Athens, and bureaus in Paris, London, Brussels and Berlin; Writing by Mark John)

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/nm/20120215/bs_nm/us_greece

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Olympus ex-chairman, other execs arrested in probe (AP)

TOKYO ? Japanese prosecutors Thursday arrested three former Olympus Corp. executives including the company's ex-chairman over their alleged roles in orchestrating a cover-up of massive losses at the camera and medical equipment maker.

The former chairman Tsuyoshi Kikukawa along with executives Hideo Yamada and Hisashi Mori were arrested on charges of violating securities and financial laws, prosecutors said in a statement. Four consultants at other companies linked to Olympus were also arrested. Olympus as a corporation could face charges too.

The Tokyo-based company said in a statement it took the arrests seriously and promised to cooperate fully with the ongoing investigation.

The maximum penalty for the securities and financial charges is 10 years in prison or a 10 million yen ($128,000) fine.

The scandal surfaced late last year when then Olympus President Michael Woodford raised questions about huge payments for financial advice and acquisitions of companies unrelated to the company's mainstay businesses.

Olympus at first denied any wrongdoing but later acknowledged it hid 117.7 billion yen ($1.5 billion) in investment losses dating back to the 1990s.

Kyodo reported Thursday, citing unidentified sources, that Kikukawa, Yamada and Mori have told prosecutors that they were involved in the cover-up.

Kikukawa resigned from all posts at Olympus last year. The company is suing him and 18 other former and current executives for damages in the cover-up.

The scheme ? which came to light only because Woodford blew the whistle ? has raised serious questions about corporate governance in Japan, and whether major companies are complying adequately with global standards.

Olympus has carried out an internal probe, setting up an independent panel, and found that some executives were involved in the deception.

Woodford was fired in October after raising his concerns. He tried to make a comeback but gave up his fight after failing to win backing from major investors including Japanese megabanks.

Woodford, a British national and a rare foreigner to head a major Japanese company, had demanded the resignation of the entire board.

Prosecutors have been carrying out an investigation, and raided Olympus headquarters and Kikukawa's home last year.

Olympus barely met its mid-December deadline to avoid being removed from the Tokyo Stock Exchange by filing corrected earnings for the April-September first half and for the past five fiscal years. Its stock has plunged. On Thursday, Olympus stock fell 2.4 percent to 1,273 yen in Tokyo.

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Follow Yuri Kageyama on Twitter at http://twitter.com/yurikageyama

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/ap/20120216/ap_on_bi_ge/as_japan_olympus

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