Tuesday, July 31, 2012

NASA promotes new rover landing with synthetic 'Mars rocks'

NASA is sending synthetic 'Martian' rocks to eight cities in its national 'Get Curious'?campaign to promote the Curiosity Mars Rover, which is scheduled to touch down on the Red Planet on Aug. 6.

By Space.com Staff / July 26, 2012

In this artist's rendering provided by NASA/JPL-Caltech, a 'sky crane' lowers the Mars Science Laboratory Curiosity rover onto the surface of Mars. The mobile robot is designed to investigate Mars' past or present ability to sustain microbial life.

JPL-Caltech/NASA/AP

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A set of synthetic Mars rocks will be making a national tour next week to promote the upcoming landing of NASA's giant new rover on the Red Planet.

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The tour is part of a campaign called "Get Curious" that was created to honor the new Curiosity Mars rover, the main element of the Mars Science Laboratory mission, which is due to land on our neighboring world Aug. 6. The $2.5 billion rover is designed to spend at least two years on Mars searching for clues that Mars may have been habitable to life at some point.

"Get Curious" will send large boulders manufactured to look like Martian rocks to eight U.S. cities between July 26 and Aug. 9. No rocks have ever been brought back to Earth from the Red Planet, but these large synthetic constructions are designed to resemble the real thing as closely as possible.

The rocks will visit Atlanta; Austin, Texas; Boston; Detroit; Columbus, Ohio; Houston; Indianapolis; and Orlando.

"We are excited that Columbus was designated a 'Mars City,' and that COSI can be a part of the 'Get Curious' campaign," said Joshua Sarver, senior director of experience design and production at the Center of Science and Industry (COSI), the stop location in Columbus, in a statement. "We continually think of ways to captivate our visitors at COSI, and we think the Mars rock in front of the center will attract a lot of attention and pique interest. We are pleased to be able to show our support for the Curiosity rover landing and continue to help raise awareness for scientific discovery and space exploration."

Each ersatz Mars rock will be emblazoned with the URL www.GetCurious.com and a QR code plaque directing people to the campaign's website. The project is sponsored by Explore Mars, a Mars exploration outreach nonprofit, and rocket company United Launch Alliance, which built the Atlas V-541 rocket that launched Curiosity toward Mars in November 2011.

"We at Explore Mars look forward to celebrating the Curiosity landing with not only the space community, but also the general public," said Chris Carberry, executive director of Explore Mars. "This mission will give us insights into whether Mars has, or ever had, conditions favorable to microbial life as well as the possibilities of future human exploration on Mars. We hope this and other space exploration initiatives will inspire Americans of all ages to reach further and dream bigger." [Photos: How Curiosity's Nail-Biting Landing Works]

Landing spots for the rocks are as follows:

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Monday, July 30, 2012

Goldsmiths College, University of London: London Independent Photography - London Villages Project

In March 2011 LIP began a year long photographic project in the run up to the Olympics; over two hundred of its members signed up.

On the one hand the aim of the London Villages Project was to provide a photographic record of London now. While on the other, its purpose was to create a body of work which would be identifiable as a unique contribution to the record of London ? its multiplicity of communities, its miscellany of histories, its medley of architecture; its boundaries real and imagined; its current creation, its reference to memory.

To achieve this London was imagined as a collection of villages or communities ? a part of London, a small enclave, a street, a square, a terrace, a neck of the woods; taking a place that defines itself; a place apart; a community together; an emotional centre; a home.

The Project is based on the belief that communities seek to distinguish themselves in multitudinous ways; to fashion difference, to embrace dissimilarity, to emphasise variation, to celebrate their rarity and gather together in their uniqueness?communities recognising and acknowledging their separateness and welcoming others to mark it with them.
The photographers spent a year within a closely-observed community. The exhibition is the result; a representation of what moved them within that particular community.

http://www.londonphotography.org.uk

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Maggie?s Monday Links (Theagitator)

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Sunday, July 29, 2012

Analyzing the Venture Capital Tax Debate ... - Business 2 Community

President Obama?s 2013 budget once again contains a provision for raising taxes on the profits venture capitalists earn on their investments.

The thinking behind the provision goes like this: Venture capitalists make a lot of money, so it?s only fair that they should pay more in taxes. And because they dedicate their time to investing in, working with, and ultimately realizing the value of their portfolio companies, their income should be taxed at the same rates as wages, rather than capital gains.

It?s a simple argument that, on the surface, seems to make sense. The problem is that the logic is incomplete. Until we fully understand the implications of the current venture capital tax proposals, we risk unleashing some unintended and, frankly, undesirable consequences for everyone.

This is not a commentary on the appropriate levels of government spending or overall tax policy. It?s a simple request that, before implementing any tax policy changes, we analyze the potential impacts should such a policy be put in place. Would the results be better for society than the ones our current tax policy generates?

Widespread economic benefits

Venture capitalists invest equity into companies to help them create new technologies, products, and services; employ and train people; and grow the economy. The capital can be used to hire staff and outside professional services firms, lease real estate, or purchase furniture and equipment. These investments are usually quite risky for the venture capital funds that make them, but sometimes yield considerable financial returns and frequently lead to significant advances in innovation and competitiveness.

Compared to the ?shovel-ready? capital investments that the government tends to make, venture capital is far more effective at stimulating the economy. Venture capital investments don?t cost the government anything, yet still generate revenue for it.

Importantly, they help create permanent jobs and stimulate economic growth over the long term, rather than simply creating a short-term spike. For example, according to a 2011 report by the National Venture Capital Association, in 2010, venture capital-backed companies accounted for 11 percent of private sector employment (nearly 12 million people). The report also found that every dollar of venture capital invested between 1970 and 2010 helped to generate $6.27 in revenue in 2010.

Questioning the Logic

Before we change policies, let?s be sure that we thoroughly understand how the current proposals will ripple through the venture capital and entrepreneurial sectors, and what their actual long-term impact will be on tax revenues.

Here are some of the fundamental questions that should be answered before making any changes, as well as some insights I?ve gathered throughout my 12 years as a venture capitalist:

How important is investing in growth companies for the economy and for tax revenue?

I?ve learned a few things about the benefits of private equity investments, and job creation is one of the great examples. Approximately 60 to 70 percent of the money venture capitalists pump into companies is used to hire and train employees, typically for positions that pay significantly more than the average job. These workers generate payroll taxes as well as non-discretionary and discretionary spending (think new homes and cars, or just more meals out). Employers also pay taxes on their companies? overall income and capital gains. Altogether, we?re talking about a significant source of long-term economic stimulus.

Successful companies also bring innovation and competitiveness to our economy. You don?t have to look any further than Facebook, Google, or Apple for examples of venture capital-backed companies that have helped reshape the face of our economy.

Will lower net compensation for venture capitalists lead to less venture capital activity or reduced quality?

Anyone who has sat through freshman economics knows that financial incentives change behavior. Earning a lower net income could push some venture capitalists to retire, change careers, or worse, never enter the sector in the first place. While most experienced venture capitalists love what they do, myself included, the movement of people in and out of the industry is relatively fluid. Change the tax policy and there almost certainly will be fewer venture capitalists and less venture capital activity.

What effect would less venture capital activity have on the economy?

This is one of the most important questions to be studied because there would likely be significant downstream effects should venture capital activity diminish. Fewer venture capital investments would mean less funding for growth companies. That, in turn, would translate into fewer jobs, less innovation, and a decrease in our overall competitiveness ? none of which bodes well for the economy.

Will taxing venture capitalists at a higher rate result in greater tax revenues?

It?s not likely. Venture capitalists currently receive a portion of the capital gains they help create through their venture capital funds. If they are treated as employees who are paid wages from those funds, we would effectively be increasing the capital gains tax on arguably one of the most important investment sectors in the economy.

In addition, less venture capital activity could lead to reduced start-up funding. That would mean fewer high-paying job opportunities and less business investment, which create taxes both directly and indirectly through their multiplier effect on the economy. The tax increase on venture capitalists would surely lead to lower tax revenues from the missed economic growth opportunities. Understanding this relationship is key to crafting the best tax policy.

Finally, if tax policy were to change, venture capitalists may choose to embrace other avenues that are more advantageous from a tax perspective, further eroding tax revenue.

The road ahead?

There?s no doubt that venture capitalists are well compensated and can generally afford to pay higher taxes. But what happens to our economy if we decide to tax venture capitalists more? Do we end up with higher total tax revenues? Will we impede innovation, competitiveness, and job growth in the process? Is there a different tax policy, perhaps a counterintuitive one, that would be better for the economy overall?

Forward-thinking national, state, and local governments recognize the value that venture capitalists bring to their economies. Some of them, such as Israel, Russia, Pennsylvania, and others even offer incentives to attract entrepreneurial activity to their geographies. The tax policies currently under consideration, by contrast, would act as a disincentive. Maybe the policies are optimal, but shouldn?t we at least take the time to analyze their implications before implementing them?

The bottom line is that venture capital activity grows our economy. We should be maximizing that growth, not hampering it through tax policy.

photos by: Images_of_Money & 401(K) 2012

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Source: http://www.business2community.com/finance/analyzing-the-venture-capital-tax-debate-fairness-impact-and-consequences-0229164

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Saturday, July 28, 2012

Has Image Overtaken Music? |

By WorldFamousWriter on 28 July 2012 in News with

?

(CNN)?? Is Lady Gaga an artist?

Sure, she can play piano. She?s got some songwriting talent, too. But music isn?t what comes to mind when the former Stefani Germanotta is discussed. Instead, it?s the attention-getting antics: The controversial videos. The in-your-face sexuality. The crazy concerts. The meat dress.

Is it about the music, or the Fame Monster?

Rachel Weingarten wonders.

?I don?t consider Gaga an artist,? the?New York style consultant?says, then reconsiders. ?Well, maybe she?s an artist for our time. Every generation gets the artist it deserves.?

If that?s the case, Gaga has a lot of company.

Before she was Gaga: The unseen photos

?They want to be famous, not make music,? says Lyndsey Parker, managing editor of Yahoo! Music, of some of the new breed. ?The music is just one facet of the celebrity.?

It?s an indicator of societal shifts, she says. Now you can upload a video and receive immediate fame. So much for learning three chords and working your way up the ladder.

?Now everyone expects overnight success, whether it?s because someone discovered your video on YouTube, or you went on a reality show,? she says.

Has the gimmickry gone too far? Have we become numb to the emotion and the power of music? The stuff used to be about something, dammit, not a soundalike drone of manufactured robots, lip-synching amid falling tinsel.

Right?

Art and authenticity

Well, they call it ?show business? for a reason.

Previous generations made less of a distinction between art and entertainment, observes Georgia Tech professor Philip Auslander.

?In the ?40s, and I believe well into the ?50s and the rock ?n? roll era, the idea of what it was to be a musician wasn?t as pure and pristine as we seem to want to think of it now,? says Auslander, who?s written a study of glam rock. ?The idea that to be a popular musician is not just to stand up there and show off your ability as a musician, but to entertain in other senses ? that was very much a staple of what popular music performance was about.?

Even the Beatles, who became much more decorous performers after Beatlemania hit, dominated the local scene during their Hamburg residency by turning up the volume, smashing stages and ? in a famous incident ? doing a show with?John Lennon in his underwear, wearing a toilet seat around his neck.

Of course, pop musicians have long been as much about entertainment as art ? but as times have changed, so have perceptions of where the line is drawn. To critics, MTV ? which arrived in the 1980s ? heightened?the value of looks and slickness over ?authenticity,??with the?image becoming more important?than the music. And nowadays, in our 24/7 world of rapidly posted YouTube videos, instant MP3 releases, reality shows, lurking paparazzi and meat dress one-upmanship, it?s easier than ever for spectacle to overwhelm singing.

Lady Gaga?s wardrobe ? such as the meat dress ? has sometimes overwhelmed her music.

It can be a false divide ? a glitzy video or elaborate stage show doesn?t mean the performer can?t play ? but it?s one that?s come to define some of the differences between rock and pop, says Auslander.

?I think a lot of this stuff is specific to particular genres and subgenres of music, and the old distinction between rock and pop, where the people on the pop side are not expected to be authentic in the same way as the people on the rock side,? he says.

It?s what?s led to the so-called??rockist? point of view, he adds: that rock, which was album-oriented and ranged from earnest singer-songwriters to classically inspired progressive bands, was somehow superior to pop, which was found on singles and included bubblegum, disco, easy-listening and anything else likely to make the Top 40. Nowadays the genres are more blurred, but the prejudices remain: Rock is Serious and therefore Art; pop is unserious and therefore ephemeral.

It?s a distinction that?s long been disdained by performers themselves. As the old dictum, variously attributed to Louis Armstrong or Duke Ellington, states: ?There are only two kinds of music: good and bad.?

?I love a show. I want to be entertained,? says Matchbox Twenty?s guitarist, Paul Doucette, who praises the energy Lady Gaga brings to her concerts (and observes that ?she can back it up? with her talent). ?Don?t get up there and look like you?re not having a good time. I?ve seen enough of the shoegazing in my life. I want fun back in rock.?

A new road to fame

The same goes for Flaming Lips frontman Wayne Coyne, whose band has been known to put on a show themselves ? complete with avant-garde, big-screen visuals, falling balloons and a giant ?space bubble,? a transparent ball containing Coyne from which he walks over the crowd.

?That?s part of the fun of being in a rock band,? he says. ?If you?re lucky, you get to create an image.?

And as for the image overwhelming the rest of it, he points out that, if he?s done his job right, every element works together so that the band and audience are satisfied. When this interview was conducted, the Lips were about to attempt to break the Guinness world record for most live concerts in 24 hours ? an arrangement that, despite the stunt aspects, the Lips were taking as seriously as any individual show.

?People are going to pay real money, people are going to give us a lot of their time, so we don?t want it to be just hype ? it?s really got to be great,? he says. (For the record, the band?got its record.)

Coyne has an open-minded view about what characterizes ?art.?

On the Lips? latest CD, ?The Flaming Lips and Heady Fwends,? the guests include such indie favorites as Nick Cave and Bon Iver, as well as Ke$ha, the ?Tik Tok? pop rapper disdained by the music press (?a faceless, anonymous pre-fabrication of a pop star,??wrote Slant?s Jonathan Keefe).

The Flaming Lips? Wayne Coyne surfs a concert crowd in his space bubble.

?I think the world can have all kinds of things in it, and just because someone is popular doesn?t mean they?re more important in people?s minds,? Coyne says. ?(The audience) should pick what they think is speaking to them the most. If that?s a Lady Gaga, great for you. If that?s an obscure little artist that you know in your hometown, use that.

?But,? he adds, ?it?s very difficult to resist the temptation of popularity. Everybody likes it. These are all dynamics everybody struggles with. What art does, it lets you be free. There should be no judgment about you in that.? He audibly shrugs. ?But this is not the way people use music in the world.?

It?s those divides ? between popular and niche, between wealthy celebrity and starving obscurity ? that keep injecting themselves into debates about music. Moreover, now that the music business has been turned upside-down by technology, musicians must find their own path to exposure (which, presumably, is still the point).

?The whole idea of a top-down market is gone,? says David Herlihy, a music and law professor at Boston?s Northeastern University.

When his own band was on the circuit in the 1980s, there was a ?road map,? he says, one that had existed for a generation.

?You needed the record label. You needed to go to the recording studio. You needed to get on the radio. You needed to be in record stores. You needed all these intermediaries. Everybody I ever became aware of followed that map,? he says. ?And now technology has completely disintermediated the business, and so now you have music and art, and people who consume those things directly. Therefore, it can go anywhere.?

The starving artist?s dilemma

It?s tremendously freeing for an artist, and also a little scary.

Do you market directly to fans, the way someone such as?Josh Rouse?does? Do you make arrangements to license your work,?the way Moby did? Do you make yourself into a brand, a la Madonna ? who?s veered so far into pure celebrity, Yahoo?s Parker says, that she and her colleagues couldn?t figure out whether to classify a Madonna story as ?music? or ?celebrity news?? Do you work with advertisers, extending your identity to other products and essentially using music as a platform to other things?

It?s not necessarily a new idea ? the Beatles, after all,?once had a clothing store?? ?a beautiful place where beautiful people can buy beautiful things,? Paul McCartney said at the time ? but the concept has reached new heights in our free-for-all age.

Paul Greco, the director of music for advertising giant JWT, is responsible for putting musicians and their songs together with advertisers. It?s a beneficial relationship, he says: the artist gets exposure and financial support, and the product gets linked up with the artist ? and the artist?s fan base. Some products can be golden for musicians: Greco mentions the ?Apple effect,? in which?the computer manufacturer made stars?of Feist (?1234?) and the Ting Tings (?Shut Up and Let Me Go?) through the use of their songs.

Spreading the word in creative ways is a necessity these days, adds Renaud Skalli, who heads up artist and label relations for the year-old marketing firm My Love Affair.

?The reason we started the firm is because the music industry was in a bad state,? he says. ?The artists needed someone on their side.?

Though musicians appreciate the exposure, the prospect of tying their fortunes to a multinational conglomerate still makes some of them nervous. It calls to mind that old hippie-punk jeer: Sell-out.

Ben Deily, a former member of the Boston post-punk band the Lemonheads, remembers when another Boston band, the Del Fuegos,?made a beer commercial. He and his bandmates were appalled, he says.

?You knew there was selling out, and then there was punk rock,? he says. (Deily now works in the advertising business.)

?Sell-out? doesn?t come up much anymore, says Greco. ?Musicians are artists. But they don?t need to be starving artists,? he says. ?You have to make a living.?

Band management

Matchbox Twenty?s Doucette has seen all sides of the equation. His band has played bars and stadiums, has been groomed by a record label and succeeded in the post-label era. Lead singer Rob Thomas has been a paparazzi magnet.

Doucette says that commercialization comes with the territory.

?A band is a brand. It sells music, it sells image, a lot of things. This is our product, this is what we do. The fact it has artistic integrity is what separates it,? he says. ?The difference is where the emphasis is.?

For Doucette, the problem arises when music isn?t the point.

?It does seem like there?s a little bit of, I want to become famous, then have a perfume line, make a record, be on a reality show. It?s more about being famous than it is about wanting to do music because that?s what you do, and then?that?opening you up to other possibilities. It depends on what your intention is.?

But, he acknowledges, these are strange times for music.

?We?re still in the Wild West of all this,? he says. ?People are still trying to figure out, how do people experience music now? There are so many different ways to do it, and how do you make that work? All these things fall into that ? the branding, the image, the importance of radio ? they?re all connected.?

In the meantime, when it comes to public tastes and media coverage, the pendulum swings forward and the pendulum swings back.

Perhaps the most successful musician of the past year is the pianistAdele, whose performing and songwriting are equally personal and unadorned ? a throwback to the early ?70s singer-songwriters, or perhaps Norah Jones and Alicia Keys. Sure, there?s been some celebrity chatter surrounding her ? she?s famously had to deal withweight issues?? but, in general, her authenticity (a word used advisedly) has worked to her advantage.

?There?s still a market for that,? says Yahoo?s Parker. ?People say rock is dead, but things always are cyclical. I do feel it will take another Nirvana, another watershed rock band, and then all these technopop artists will get scared.?

Besides, adds Doucette, if the music lasts, so will the artist who makes it.

?Eventually Lady Gaga?s not going to be able to wear the meat dress,? he says. ?But she?s not going to have a problem, because she?s been, like, I can do this. And when (she) gives you a regular song, that?s going to be as shocking as the meat dress, with her sitting there at the piano with no crazy hat on.?

?

By?Todd Leopold

Views :45

Source: http://worldfamousmedia.com/2012/07/has-image-overtaken-music/

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A FINAL IMAGE

The Olympic cauldron is lit during the Opening Ceremony at the 2012 Summer Olympics, Saturday, July 28, 2012, in London. (AP Photo/David Goldman)

The Olympic cauldron is lit during the Opening Ceremony at the 2012 Summer Olympics, Saturday, July 28, 2012, in London. (AP Photo/David Goldman)

We close our coverage of Friday night's ? well, Saturday morning's by now ? opening ceremony with this arresting image by AP photographer David Goldman of the newly ignited London Olympic cauldron.

___

EDITOR'S NOTE ? "Eyes on London" shows you the Olympics through the eyes of Associated Press journalists across the 2012 Olympic city and around the world. Follow them on Twitter where available with the handles listed after each item, and get even more AP updates from the Games here: http://twitter.com/AP_Sports

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-07-27-OLY-Eyes-on-London/id-71e876acd9f54d6a8d29aa30d6b0318c

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Watch Olympic Games 2012 Live Stream: Cycling, Swimming, Archery

Friday, July 27, 2012

Asian markets mostly up on upbeat earnings

Asian markets mostly rose Thursday following upbeat earnings results in the region and the United States, while eurozone fears eased slightly on hopes over the funding of future bailouts.

The first gain for the Dow in four sessions also provided some support but the euro gave up some of the rare recent gains it had made in New York currency trade.

Tokyo's Nikkei index closed 0.92 percent, or 77.20 points, higher at 8,443.10, as investors sought out cheap buys after the benchmark hit a seven-week low on Wednesday, said Fumiyuki Nakanishi, SMBC Friend Securities' head of investment and research.

Sharp closed up 0.76 percent at 262 yen after recouping losses on a report the consumer electronics firm may cut 15 percent of its workforce.

Olympus jumped 9.63 percent to 1,400 yen after medical equipment maker Terumo said it offered to make a $640-million capital injection in the scandal-hit firm and merge under a holding company.

Brokerage giant Nomura Holdings rose 5.71 percent to 259 yen after media reports that chief executive Kenichi Watanabe would step down over an insider trading scandal.

Nomura said after the market close that its net profit dived 89.4 percent year-on-year to 1.89 billion yen in the three months to June as commission income fell in retail business while net gain on trading shrank.

Canon plunged 7.76 percent to 2,470 yen after the export-dependent cameras and office equipment maker lowered its profit outlook for 2012.

Meanwhile, the Seoul market was up 0.74 percent, or 13.16 points, at 1,782.47, and Sydney gained 0.58 percent, or 23.8 points, to 4,147.7.

Hong Kong ended flat, edging up 0.08 percent, or 15.46 points, to 18,892.79, while Shanghai eased 0.48 percent, or 10.15 points, to 2,126.00.

Regional investors followed the lead from the Dow and most European markets after Spanish borrowing costs fell slightly after hitting record highs on the back of fears Madrid will ask for a bailout.

The yield on Madrid's 10-year bonds eased to a still-high 7.376 percent after soaring to as much as 7.621 percent at one point.

Dealers were given some comfort after Austrian central bank chief Ewald Nowotny, a member of the European Central Bank governing council, said the soon-to-be launched European Stability Mechanism rescue fund might be granted a banking licence.

That would allow the fund to exchange bonds for ECB cash, bolstering its capacity without governments having to contribute additional funds.

Traders have been growing increasingly concerned that a possible rescue for Spain could cost hundreds of billions of dollars, which leaves very little in the pot to help other troubled economies.

"Giving the ESM a banking licence would allow it to expand its firepower," CMC Markets chief market strategist Michael McCarthy in Australia told Dow Jones Newswires.

"The sell-off this week was related to the failure of the eurozone to make any improvement in the structural process of directly aiding Spanish banks."

But there was still plenty of gloom in Europe. In Germany a survey showed business confidence dropped for the third month in a row in July while Britain said its economy shrank a worse than expected 0.7 percent in April-June deepening the country's double-dip recession.

On Japan's Nikkei, videogame maker Nintendo posted healthy gains of 3.19 percent after saying later Wednesday that its first-quarter losses were much lower than at the same time last year.

And industrial robotics firm Fanuc surged 5.32 percent after saying earnings for the April-June period were better than expected.

The earnings figures were followed by strong results on Wall Street from construction giant Caterpillar and airplane maker Boeing, which helped the Dow advance 0.47 percent on Wednesday.

In Sydney flagship carrier Qantas jumped 9.6 percent after it said it was in talks with Emirates and other airlines about a possible tie up to save its struggling international arm.

On currency markets the euro bought $1.2145 and 94.98 yen in afternoon Asian trade, compared with $1.2153 and 95.04 yen late Wednesday in New York, where it had made big gains from the previous session. The dollar was at 78.18 yen from 78.19 yen.

Oil prices were down. New York's main contract, light sweet crude for delivery in September, dipped 34 cents to $88.63 a barrel in the afternoon while Brent North Sea crude for September delivery fell 38 cents to $104.00.

Gold was at $1,604.23 at 0850 GMT from $1,592.40 late Wednesday.

In other markets:

-- Taipei was down 0.12 percent, or 8.44 points, at 6,970.69.

Hon Hai Precision lost 1.71 percent to Tw$80.5 and Taiwan Semiconductor Manufacturing Co rose 2.28 percent to Tw$76.3.

-- Manila closed 0.18 percent, or 9.24 points, lower at 5,152.56.

Philippine Long Distance Telephone slipped 0.22 percent to 2,674 pesos but Ayala Corp. 0 rose 0.39 percent to 412.60 pesos.

-- Wellington rose 0.77 percent, or 26.77 points, to 3,485.74.

Fletcher Building was up 2.3 percent at NZ$5.90, Air New Zealand gained 0.6 percent to close at NZ$0.90 and Telecom Corp lifted 0.2 percent to NZ$2.57.

Source: http://news.yahoo.com/asian-markets-mostly-upbeat-earnings-105010033--finance.html

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Elements Concerning Pest Control Phoenix











Pest control is used as a way to regulate a species considered a pests because of the negative effects it can bring about to humans, economy and ecology in the environment which it takes over. This is necessary in many locations worldwide. Pest control Phoenix services are widely available to citizens in the area.

Many of the techniques for control date back to the beginning days of agriculture. Even historically, there was a need to keep specific pests from certain areas and crops. The practice itself may be very important, as it could relate to saving the food production. When carried out properly, food supply may be maximized when the pests are handled. Among the most traditional approaches is crop rotations, companion planting and the development of pest-resistant organisms.

Generally, these pests are caused by the actions of humans. Modifying such behaviors can decrease the problem. An example would be people who choose to feed animals in locations in which it is not authorized, bugs that gather wherever humans are present and more. As living organisms these animals evolve and with time, develop a resistance to chemical, physical and even biological regulation strategies.

The most common techniques used can be narrowed down to 10. With biological regulation strategies, the objective is to introduce natural predators or parasites to the equation. This technique is not believed to cause an major impact on the remaining ecology. Still, it is considered natural and has the ability to reduce the occurrence of an unequal environmental landscape.

It is suggested that the breeding grounds for creatures are eliminated. This is done under the concept that the pests will leave the area and find a new source of shelter and food, if the area is no longer available to them. Drainage of still water and disposal of garbage are major steps in this process, as many creatures set up camp in these areas. These spots may serves as a reliable source of shelter and food for the unwanted species.

In situations where there is little to no food available, poisoned bait can be utilized to attract and then deter or kill of pests. This is most successful when there are not other sources of food readily available. To kill off insects or eggs that have taken over a field, burning the entire field of land may be done. Hunting pests is another viable option.

Traps are known to be a solution that is inexpensive, but effective in relation to rodent removal. Before these devices are installed, individuals should know the quantity and type of pest being regulated. In some instances, glue boards are the most practical trap type. Once the pest has been trapped, it can put to death or let free, depending on the model of trap. Repellents, removal of infected plants, space fumigation and treatment and sterilization are a few other options. The natural removal of pests is recommended to maintain or rehabilitate a certain population of species.

Pest control Phoenix companies provide a variety of services to add in the removal of unwanted animals. The prices, methods and overall success will differ. In some situations, work may be necessary at a residential property or with business properties, including crops, land and buildings.

You will get complete details about different pest control Phoenix methods and more information about a reliable exterminator at http://www.burnsbirdcontrolphoenix.com/showcase/services/7458 now.

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Stocks soar after ECB vows to protect the euro

Specialist Philip Finale, left, works at his post on the floor of the New York Stock Exchange Thursday, July 26, 2012. U.S. stocks soared at the opening bell after the president of the European Central Bank vowed to do what it takes to preserve the continent's monetary union. (AP Photo/Richard Drew)

Specialist Philip Finale, left, works at his post on the floor of the New York Stock Exchange Thursday, July 26, 2012. U.S. stocks soared at the opening bell after the president of the European Central Bank vowed to do what it takes to preserve the continent's monetary union. (AP Photo/Richard Drew)

Specialist Michael Gagliano works at his post on the floor of the New York Stock Exchange Thursday, July 26, 2012. U.S. stocks soared at the opening bell after the president of the European Central Bank vowed to do what it takes to preserve the continent's monetary union. (AP Photo/Richard Drew)

A trader works in his booth on the floor of the New York Stock Exchange Thursday, July 26, 2012. U.S. stocks are soaring at the opening bell after the president of the European Central Bank vowed to do what it takes to preserve the continent's monetary union. (AP Photo/Richard Drew)

Traders gather at a post on the floor of the New York Stock Exchange during the IPO of Northern Tier Energy, Thursday, July 26, 2012. U.S. stocks soared at the opening bell after the president of the European Central Bank vowed to do what it takes to preserve the continent's monetary union. (AP Photo/Richard Drew)

(AP) ? It was the buy signal that markets were waiting for.

When European Central Bank president Mario Draghi vowed to "do whatever it takes" to keep the continent's monetary union intact, stocks were off to races in the U.S. and Europe.

The Dow Jones industrial average on Thursday jumped 212 points, or 1.7 percent, to 12,888 following big gains in European markets. Benchmark stock indexes in Spain and Italy surged 6 percent and 4 percent in France.

Draghi's comments at an investor conference at the Olympics raised hopes that Europe's central bank might intervene to bring down the cripplingly high borrowing costs for struggling European countries like Spain and Italy.

After insisting for months that it was up to European governments to restore confidence in the currency shared by 17 nations there, Draghi pledged that "the ECB is ready to do whatever it takes to preserve the euro."

That commitment gave a big boost to global markets. "The No. 1 problem in the world now is Europe's finances," John Fox, director of research at Fenimore Asset Management, said. "When the head of the ECB comes out and says he's willing to do anything, that's code for 'We are going to agree to resolve this issue.' "

In other signs that investors were becoming more confident that Europe's financial crisis would not spin out of control, borrowing costs for Spain and Italy fell sharply, the euro surged a penny to $1.23 against the dollar and the yield on the 10-year Treasury note rose to 1.43 percent from 1.40 percent late Wednesday. Investors tend to sell low-risk assets like Treasurys when they're less fearful about global markets and the economy.

As earnings reports this week from Caterpillar and Ford have shown, Europe's troubles can have a big impact on the results of major U.S. corporations.

"Close to 20 percent of the S&P 500 companies' revenues comes from Europe," said Lawrence Creatura, portfolio manager at Federated Investors. "We're in a global, interconnected economy and Europe's troubles are our own today."

The broader the Standard & Poor's 500 index rose for the first time in five days. It was up 22.13 points, or 1.7 percent, to 1,360.02 The gains in the U.S. stock market were broad. All 10 of the industry groups in the S&P 500 index rose, led by telecommunications companies.

In other trading, and the Nasdaq composite index rose 39.01 points, or 1.4 percent, to 2,893.25, despite more disappointing news from technology companies including the online game maker Zynga.

Several U.S. companies were also rising sharply after reporting stronger earnings. Sprint Nextel jumped 68 cents, or 20 percent, to $4.05. The country's third-largest wireless carrier was successful in convincing smartphone subscribers to pay up for "unlimited data" service, and its service revenue zoomed higher, beating analysts' estimates.

In Europe, Draghi's comments came after days of uncertainty in Europe and rising concern over Spain's recession and the country's banks, which are reeling following the implosion of a real estate bubble. As borrowing costs for both Spain and Italy rose in the past week, investors feared that both countries might need to be rescued, like Greece, Portugal and Ireland had been in the last two years.

Borrowing costs for Spain's government plunged following Draghi's comments as investors anticipated that the European Central Bank might step up its purchases of Spanish government bonds.

The yield on Spain's benchmark 10-year bond dropped almost half a percentage point, a huge move, to 6.89 percent. That rate surged as high as 7.54 percent this week as investors dumped the country's bonds and lost confidence in Spain's ability to manage its debts.

Technology companies continued to report disappointing earnings following industry leader Apple's rare earnings disappointment earlier this week.

Zynga, which produces popular social network games "CityVille" and "FarmVille" posted poor quarterly results and cut its outlook, prompting a number of analyst downgrades. Its stock fell $1.90, or 37.5 percent, to $3.17.

Zynga's disastrous results were also a bad omen for Facebook, which got about 12 percent of its 2011 revenue from Zynga. Facebook plunged 10 percent in after-hours trading after the company reported a loss of $157 million for its second quarter. The stock was down $2.63 at $24.19.

Among other stocks making big moves:

? PulteGroup jumped $1.84, or 18 percent, to $11.86 after the homebuilder posted a quarterly profit, beating Wall Street's forecasts thanks to higher house prices and sales.

? United Continental slumped $1.21, or 6 percent, $19.20 after the combined airline's second-quarter net income dropped 37 percent as it continued to wrestle with merger-related issues.

? Whole Foods Market jumped $9.57, or 11 percent, to $94.10 after the natural and organic foods store chain lifted its profit outlook for the year. Its net income jumped 32 percent in the latest quarter as shoppers spent more.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-07-26-Wall%20Street/id-c4b31a7721784ec7959c4154b0dc7101

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Thursday, July 26, 2012

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How low can they go? Mortgage rates at record again

By MARCY GORDON, Associated Press

??WASHINGTON -- The average rate on the 30-year fixed mortgage fell again, this time dropping below 3.50 percent for the first time on records dating back 60 years.?

Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan declined to 3.49 percent. That's down from 3.53 percent last week and the lowest since long-term mortgages began in the 1950s. ?

The average rate on the 15-year fixed mortgage, a popular refinancing option, dipped to 2.80 percent. That's below last week's previous record of 2.83 percent.?

The rate on the 30-year loan has fallen to or matched record-low levels in 13 of the past 14 weeks.

Cheaper mortgages have helped drive a modest but uneven housing recovery this year.

Sales of new and previously occupied homes fell in June but were higher than the same month last year. Home prices have started to stabilize in many large markets. And builders are more confident and are putting up more houses than they have in nearly four years.

Fewer Americans signed contracts to buy homes in June, the National Association of Realtors said in a separate report Thursday. The group's index of sales agreements fell to 99.3, down from May's reading of 100.7.

A reading of 100 is considered healthy. The index is 9.5 percent higher than it was a year ago. There's generally a one- to two-month lag between a signed contract and a completed deal.

Low mortgage rates could also provide some help to the economy if more people refinance. When people refinance at lower rates, they pay less interest on their loans and have more money to spend. Many homeowners use the savings on renovations, furniture, appliances and other improvements, which help drive growth.

Still, the pace of home sales remains well below healthy levels. Many people are still having difficulty qualifying for home loans or can't afford larger down payments required by banks.

The sluggish job market could deter some from making a purchase this year.

U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring. The unemployment rate was unchanged at 8.2 percent, the government reported last week. Slower job creation has caused consumers to pull back on spending.

Mortgage rates have been dropping because they tend to track the yield on the 10-year Treasury note. A weaker U.S. economy and uncertainty about how Europe will resolve its debt crisis have led investors to buy more Treasury securities, which are considered safe investments. As demand for Treasurys increase, the yield falls.

To calculate average rates, Freddie Mac surveys lenders across the country on Monday through Wednesday of each week.

The average does not include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.

The average fee for 30-year loans was 0.7 point, unchanged from last week. The fee for 15-year loans rose to 0.7 point from 0.6 the previous week.

The average rate on one-year adjustable rate mortgages rose to 2.71 percent from 2.69 percent. The fee for one-year adjustable rate loans edged up to 0.5 point from 0.4 point.

The average rate on five-year adjustable rate mortgages jumped to 2.74 percent from 2.69 percent last week. The fee was unchanged at 0.6 point.?

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Source: http://economywatch.nbcnews.com/_news/2012/07/26/12970614-how-low-can-they-go-mortgage-rates-set-another-record?lite

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Use Serious Estate Financial Loans To Finance A Commercial Or ...

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Source: http://www.yapperz.com/uzLasoconylyaVanderpool/blog/use-serious-estate-financial-loans-to-finance-a-commercial-or-residential-p/

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Under the right conditions, peptide blocks HIV infection at multiple points along the way

ScienceDaily (July 24, 2012) ? Human defensins, aptly named antimicrobial peptides, are made in immune system cells and epithelial cells (such as skin cells and cells that line the gut). One of these peptides, human neutrophil peptide 1, under certain circumstances hinders HIV infection, but exactly how it works remains unclear.

HIV entry into mature T-helper cells (cells essential to the immune system) proceeds by attachment of the virus to specific targets on T-helper cells, uptake of the virus, fusion of its envelope with the cell membranes, and release of the virus into the cells. In a forthcoming Journal of Biological Chemistry Paper of the Week, Gregory Melikyan at Emory University and colleagues investigated the ability of human neutrophil peptide 1 to impede each step of this process.

Using model cell lines, Melikyan's group showed that human neutrophil peptide 1 effectively prevented HIV entry into cells in multiple ways. First, human neutrophil peptide 1 reduced the number of specific targets on the cells available for HIV attachment. Second, this defensin also bound to specific targets on both the HIV envelope and the cells, preventing early and late stages of HIV-cell fusion. Finally, human neutrophil peptide 1 prevented HIV uptake into the cells without compromising the general ability of the cells to engulf other molecules.

While human neutrophil peptide 1 hinders HIV entry into cells under these lab conditions, it does not do so as effectively in the presence of serum -- meaning that it may not be as successful at blocking HIV in our bodies. But Melikyan's team showed that human neutrophil peptide 1 remained attached to its specific targets in the presence of serum, despite its reduced efficacy. Their work suggests that the structure of human neutrophil peptide 1 is important for its anti-HIV activity, and they propose that serum may interfere with the ability of this defensin to form complexes, reducing its ability to block HIV.

"Our work provides new insights into the ability of defensins to recognize and neutralize diverse pathogens, including HIV," Melikyan says. This research reveals that human neutrophil peptide 1 can bind various viral and cellular targets and that a previously unappreciated feature is essential for its anti-HIV activity, possibly its propensity to form large complexes, Melikyan explains.

The team's findings suggest a new avenue of research for combatting HIV and viruses that infiltrate cells in a similar manner.

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The above story is reprinted from materials provided by American Society for Biochemistry and Molecular Biology, via EurekAlert!, a service of AAAS. The original article was written by Danielle Gutierrez.

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


Journal Reference:

  1. L. H. Demirkhanyan, M. Marin, S. Padilla-Parra, C. Zhan, K. Miyauchi, M. Jean-Baptiste, G. Novitskiy, W. Lu, G. B. Melikyan. Multifaceted mechanisms of HIV-1 entry inhibition by human ?-defensin. Journal of Biological Chemistry, 2012; DOI: 10.1074/jbc.M112.375949

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

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://www.sciencedaily.com/releases/2012/07/120724144526.htm

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Trade minister's 'regrets' on HSBC laundering claims

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Source: http://news.yahoo.com/trade-ministers-regrets-hsbc-laundering-claims-150829595.html

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