Thursday, October 27, 2011

SciArt Plugs 5: Lectures, Exhibits, News and more

New this week: a New York City gallery is featuring three-dimensional topographic maps designed by cartographer Jeffrey Ambroziak; science artist Lynn Fellman hosts an open studio in Minneapolis; the Guild of Natural Science Illustrators Greater New York Chapter?s member show closes; and ScienceOnline2012 nears registration time (Nov. 1st!)

SCIART LECTURES/EVENTS

? Lynn Fellman

**NEW** Artists? Studio Open House: Lynn Fellman (Minneapolis, MN) October 28, 2011; 4-8pm | Celebrate the last fall hues in science artist Lynn Fellman?s colorful studio with wine, autumn desserts, and lots of art!

SCIART EXHIBITS
**NEW** Underline Gallery (New York, NY): Oct. 15 ? Nov. 20, 2011 | INFINITE PERSPECTIVES: Places I?ll Remember | In partnership with Science House LLC, Underline Gallery presents an exhibition of three-dimensional topographic maps designed by renowned cartographer Jeffrey Ambroziak. Ambroziak has developed a revolutionary technique that yields true three-dimensional maps in spectacular detail ? from the mountains of Yosemite to the canyons of Mars. Also included in the show will be high-resolution renderings of historical images, including an 1863 3D rendered map of San Francisco juxtaposed against a 3D map of modern San Francisco derived from aerial photography.

**UPDATED** Artway Invitational Gallery (Brampton, ON): Oct. 13 ? Nov. 16, 2011 | Artistic by Nature | An exhibit of work by Southern Ontario Nature and Science Illustrators featuring Kathryn Chorney, Emily S. Damstra, Trish Murphy, and Jennifer Osborn.

Sweet Barrier Reef by Ken and Julie Yonetani: Sugar, Icing Sugar, and Polystyrene Foam.

GV Art Gallery 49 Chiltern Street (Marylebone, London): Oct. 7 ? Nov. 22, 2011 | Sense of Taste: Works by Ken and Julia Yonetani | The saline destruction of the Murray Darling basin in Australia and the bleaching of coral reefs as a result of sugarcane harvesting have inspired these compellingly beautiful artworks cast in salt and sugar, inspired by Dutch still lives. They allude to the emerging issue of the destruction of many of the world?s agricultural ?food bowls? through over consumption. Sweet Barrier Reef , cast in sugar, was last shown at the Venice Biennale 2009. Still Life ? the works in salt ? have never been seen outside Australia before. The London based, art-science gallery GV Art have brought these salt and sugar-cast works to London for their ?Sense of Taste? show opening 7 October 2011. A video of the exhibition can be seen here.

GNSI-New England Chapter Annual Exhibit Denison Pequotseps Nature Center (Mystic, CT): Oct. 8 ? Nov. 20, 2011 | From Observation to Illustration | The GNSI-NE Annual Exhibit is entitled ?From Observation to Illustration? since it involves accurate depictions of natural themes. It highlights a range of styles, techniques and subjects in the natural science field. Demonstrations of drawing insects through a microscope, watercolor and graphite will be shown during the reception. Portfolios and sketchbooks will also be on display.

? Ann Hoffenberg

**LAST CHANCE** Highstead (Redding, CT): Sept. 10, 2011-Oct. 28, 2011 | Nature?s Remedies: Plants and Animals | Annual show of the Guild of Natural Science Illustrators Greater New York Chapter. Over 40 paintings highlighting the medicinal values of plants and animals in folklore, traditional medicine and natural remedies on display now through October 28. Exhibit can be viewed by appointment, Monday through Friday, from 8:30am until 4:00pm.

Smithsonian Institution?s National Museum of Natural History, Sant Ocean Hall Focus Gallery (Washington, DC): Sept. 3, 2011-Jan. 8, 2012 | The Bright Beneath: The Luminous Art of Shih Chieh Huang | Artist Shih Chieh Huang spent a good part of 2007 exploring specimens of deep-ocean animals found in the collections of the National Museum of Natural History. He was a Smithsonian Artist Research Fellow and was investigating the unusual evolutionary adaptations that allow these creatures to live in environments unthinkable to humans. One adaptation, called bioluminescence, inspired Huang to create haunting installations that will be suspended in the Sant Ocean Hall Focus Gallery in a temporary exhibition.

The University of Wisconsin-Madison Ebling Library for the Health Sciences (Madison, WI): Sept. 16, 2011-Jan. 31, 2012 | Beyond the Edge of the Sea. Illustrations by preeminent deep sea watercolorist/illustrator, Karen Jacobsen | This traveling exhibit from The College of William & Mary?s Muscarelle Museum of Art features the magnificent watercolors of expeditionary illustrator Karen Jacobsen. Jacobsen had multiple voyages in the Alvin submersible, with oceanographer Cindy Lee Van Dover at the helm, exploring the deep ocean and rendering these wonderful works of art. Reception on Nov. 11 will feature Jacobsen and Van Dover talking about their joint project.

Fernbank Museum of Natural History (Atlanta, GA): Sept. 24, 2011-Jan. 1, 2012 | Darwin: Selections | In celebration of Darwin, Fernbank Museum has partnered with local artists and scientists to present a collection of illustrations, paintings and drawings that reveal the relationship between science and art. These eight Atlanta- and Athens-based artists, typically employed to create teachable science through literal imagery, reveal the evolution of art from science in this inspiring exhibition that recognizes the beauty of the natural world.

SCIART CONFERENCES

ScienceOnline2012 | January 19-21, 2012 | North Carolina State University (Raleigh, NC) | Registration opens: November 1, 2011

SCIART DEADLINES

Call for Proposals: NYU Langone Medical Center exhibition proposals for the 2012?13 calendar | Deadline for submission: October 31, 2011

Every week, we post interesting exhibits, lectures, and other science-art related news we hear about. Know about something we don?t? Shoot us an email at symbiartic.km-at-gmail-dot-com and we?ll post all relevant events. This information is also available on a public Google calendar. Under ?other calendars? click on ?add a friend?s calendar? and search for symbiartic.km-at-gmail-dot-com.

Source: http://rss.sciam.com/click.phdo?i=f0f927128110d2c512f91943514460f9

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Wednesday, October 26, 2011

Loretta Lynn out of hospital, recovering at home

Loretta Lynn is out of the hospital and resting at her home in Hurricane Mills, Tenn.

A statement Monday from Loretta Lynn Enterprises says the country music icon has been treated for bacterial pneumonia. The 76-year-old was forced to cancel a show in Ashland, Ky., on Saturday because of the illness.

She woke up on her tour bus around 1:30 a.m. Saturday having difficulty breathing. She was treated at a Bowling Green, Ky., hospital over the weekend and released.

"It was one scary night," Lynn says in the statement.

She says she's feeling better and will return to the road Nov. 3 in Knoxville, Tenn.

Are you a fan of the country legend? Tell us on Facebook.

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

Source: http://today.msnbc.msn.com/id/45018814/ns/today-entertainment/

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'Jersey Shore' house rents for $2,500 a night

FILE - An Aug. 4, 2011 file photo shows the cast members of MTV's "Jersey Shore" at their television home in Seaside Heights, N.J. Fans of sthe television show can rent the house for $2.500 a night. (AP Photo/Mel Evans/file)

FILE - An Aug. 4, 2011 file photo shows the cast members of MTV's "Jersey Shore" at their television home in Seaside Heights, N.J. Fans of sthe television show can rent the house for $2.500 a night. (AP Photo/Mel Evans/file)

(AP) ? Fans of MTV's "Jersey Shore" can get a firsthand look at the gym-tan-laundry lifestyle by renting the house where the reality series is taped.

Just bring $2,500 a night and your own drama.

Renters to the home in Seaside Heights have access to the duck phone and the double bed in the Smush Room. But they won't find the usual mess because the landlord cleaned the place.

Renter Joe Ambrosini of Philadelphia tells the Asbury Park Press (http://bit.ly/pJtN3c ) people took his picture anytime he went out of the deck. The 33-year-old says it was like "buying 15 minutes of fame."

Jennifer Bauer of Toms River says it's cool sleeping in the same bedrooms where the cast stayed. But Bauer says she brought her own sheets.

___

Information from: Asbury Park Press, http://www.app.com

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2011-10-24-Jersey%20Shore%20House/id-df10f32c09894004938a930e3e0a7cbc

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Tuesday, October 25, 2011

Islamists claims victory in landmark Tunisia vote

Tunisia's leading secularist party conceded defeat on Monday after unofficial tallies from the country's first free election showed a victory for an Islamist party.

The election came 10 months from from the moment street vendor Mohamed Bouazizi set himself on fire in a protest that started the Arab Spring uprisings.

More than 90 percent of the 4.1 million registered voters cast ballots, officials said.

Full official results were not expected until late Monday, but early results from individual voting stations carried by local radio stations Monday put the moderate Islamist Ennahda Party in the lead in many constituencies. The Ennahda party took half of the seats reserved for Tunisians living abroad, according to the first official returns.

The party claimed it was the top vote getter, receiving more than 30 percent of the vote counted so far.

"The first confirmed results show that Ennahda has obtained first place nationally and in most districts," campaign manager Abelhamid Jlazzi said at a press conference.

The top secular party isssued a statement congratulating the winner.

"The PDP (Progressive Democratic Party) respects the democratic game. The people gave their trust to those it considers worthy of that trust. We congratulate the winner and we will be in the ranks of the opposition," a PDP statement sent to Reuters said.

The prospect of Ennahda emerging with the biggest share of the vote worries secularists.

High turnout in the vote, for an assembly which will sit for one year and draft a new constitution, was a mark of Tunisians' determination to exercise their new democratic rights after decades of repression.

'Changed the course of history'
President Barack Obama said Tunisia's revolution in January, which began with Bouazizi and ended with autocratic President Zine Al-Abidine Ben Ali fleeing abroad, had "changed the course of history."

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"Just as so many Tunisian citizens protested peacefully in streets and squares to claim their rights, today they stood in lines and cast their votes to determine their own future," he said.

The suicide of vegetable peddler Bouazizi, prompted by despair over poverty and government harassment, provoked mass protests which ended Ben Ali's 23-year grip on power.

Slideshow: State of emergency in Tunisia (on this page)

This in turn inspired uprisings in Egypt, Libya, Yemen, Syria and Bahrain which have re-shaped the political landscape of the Middle East and North Africa.

With an unexpectedly large number of ballot papers to count, election officials said it was likely to be Monday or even later before they have results to announce.

State radio reported that incomplete counts in two provincial cities, Sfax and Kef, had the Islamist Ennahda party in the lead. The Congress for the Republic, a leftist secular party, was in second place in Sfax and Ettakatol, another socialist group, was runner-up in Kef, the radio said.

Ennahda, citing its own, unofficial tally from votes cast by the large Tunisian diaspora, said indications were that it had done well. Overseas voting was held days before Sunday's election.

"Ennahda was first in all the foreign polling stations," its campaign manager, Abdelhamid Jlazzi, told a gathering of party workers. "We got more than 50 percent."

Video: How rap fueled the Arab Spring (on this page)

Ennahda's fortunes may have a bearing on Egyptian elections set for next month in which the Muslim Brotherhood, an ideological ally, also hopes to emerge strongest.

The 217-seat assembly Tunisians are electing will, as well as re-writing the constitution, choose a new interim government and set dates for parliamentary and presidential elections.

Western diplomats say Ennahda is unlikely to win a majority of seats in the assembly in its own right, forcing it to make alliances with secularist parties and therefore diluting its influence.

Ennahda's leader Rachid Ghannouchi, who spent 22 years in exile in Britain, models his party on the moderate Islamist rule of Turkish Prime Minister Tayyip Erdogan.

He says his party will respect women's rights and not try to enforce any personal morality code on Tunisians.

Interactive: Tunisia protests, country profile (on this page)

But the prospect of it winning a share of power still makes some people feel uncomfortable in Tunisia. It has secular traditions which go back to its first president after independence from France. He called the hijab, or Islamic head scarf, an "odious rag."

'On duty for my country'
When Ghannouchi emerged from the polling station where he cast his vote Sunday, about a dozen secularists shouted at him: "Degage," French for "Go away," and "You are a terrorist and an assassin! Go back to London!"

"I'm not so optimistic about the result of the vote," said Ziyed Tijiani, a 26-year-old architect after he cast his ballot Sunday.

"I think the Islamists could win. It's not want I want. They may try to change the way I live," he said, accompanied by a young woman in jeans and T-shirt.

Across the country Sunday, queues stretching hundreds of meters long formed outside polling stations from earlyearly in the morning for an election which could set the template for other states emerging from the Arab Spring.

"This is the first time I have voted," said Karima Ben Salem, 45, at a polling station in the Lafayette area of Tunis.

"I've asked the boys to make their own lunch. I don't care ... Today I am not on duty. Or rather, I am on duty for my country," she said.

Story: Tunisians turn out in force for first free vote

An Ennahda victory would be the first such success in the Arab world since Hamas won a 2006 Palestinian vote. Islamists won a 1991 election in Algeria, Tunisia's neighbor, but the army annulled the result, provoking years of conflict.

Tunisia has a tiny minority of hardline Islamists, but the policies Ennahda espouses are more in keeping with mainstream Tunisia, where most people take a laid-back view of Islam's strictures on things like drinking alcohol.

"This morning I voted for Ennahda and this evening I am going to drink a few beers," said Makram, a young man from the working class Ettadamen neighborhood of Tunis.

Video: Protests drive Tunisian president into exile (on this page)

Yet observers say there is tension inside the party between Ghannouchi's moderate line and more vehement Islamists among the rank and file.

A final election rally Friday illustrated the party's contradictions as Suad Abdel-Rahim, a tall, glamorous female Ennahda candidate who does not wear a veil, addressed the crowd.

But many books on sale on the fringes of the rally were by writers who belong to the strict Salafist branch of Islam. They believe women should be segregated from men in public and that elections are un-Islamic.

Reuters and The Associated Press contributed to this report.

Source: http://www.msnbc.msn.com/id/45011316/ns/world_news-mideast_n_africa/

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French first lady takes new baby girl home (AP)

PARIS ? Carla Bruni-Sarkozy is heading home with her newborn girl Giulia, the first baby born to a sitting French president.

Bruni-Sarkozy left a Paris clinic Sunday with her daughter and bodyguards, after giving birth Wednesday.

President Nicolas Sarkozy said he and his wife felt a "very profound happiness" over the birth of their first child together. He has three sons from his two previous marriages. She has one son from a previous relationship.

Sarkozy is expected to seek a second term in elections in six months.

When the first lady gave birth, Sarkozy was in Frankfurt for an emergency meeting with German Chancellor Angela Merkel, trying to solve the deepening European debt crisis.

Sarkozy is in Brussels all day Sunday for a summit of European Union leaders.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20111023/ap_on_re_eu/eu_france_president_s_baby

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Monday, October 24, 2011

Fee-weary customers breaking from big banks

Cory and Stephanie Heck are in the midst of doing what countless other Bank of America customers have threatened. In response to the bank's plan to charge $5 per month for using debit cards, they're switching banks.

"We work too hard to have to pay to access our money," said Cory Heck, 31, a Bank of America customer for about four years.

"For me, it's a customer service issue," said Stephanie, also 31, a human resources manager. "As a customer, they haven't treated us the way I would expect to be treated."

The Hecks are far from alone. A growing number of big bank customers, angry about new debit card usage fees, harder-to-avoid checking accounts fees and rising ATM surcharges, are taking their frustrations and their business elsewhere.

"They're coming over in big chunks," said David Glaser, vice president of National Capital Bank, a family run, two-branch community bank in Washington D.C. He estimated that 80 percent of the new accounts opened in the three weeks since news broke about the $5 debit card fees have been opened by customers of the Charlotte, N.C.-based Bank of America Corp.

And not all of those switching would even get charged the debit fee. "I had a woman bring me a quarter of a million dollars, Glaser said. "She would not have paid the $5 fee, she just didn't like the idea."

There's even a campaign, dubbed "Bank Transfer Day" that has more than 11,500 people pledging on Facebook to switch financial institutions by Nov. 5. Most say they are headed to credit unions.

That's the choice made by the Hecks. After they searched for options in their hometown of Royal Oak, Mich., they decided to become members of Genisys Credit Union.

Most credit unions are small, nonprofit membership organizations, that don't charge any fees or have low fees for their basic accounts. The Bethpage Federal Credit Union of Long Island, N.Y., is even offering a certificate with a lifetime "no fee guarantee" to its customers.

Bethpage President and CEO Kirk Kordeleski said it has opened more than 1,500 new accounts in the two weeks after the Bank of America debit fee was announced, greater than twice the normal pace. "People are literally walking into branches and cutting up their Bank of America cards."

Offering the no-fee guarantee was easy, said Kordeleski, because the credit union has always offered free checking. "Credit unions owned the free checking business in the '80s and '90s, because banks typically had a monthly fee at that time," he said.

Debit cards and overdraft fees played a big roll in changing the landscape. Banks were able to regain their earnings from monthly checking fees with steady fee income paid by the retailers for debit card transactions. And they changed policies to ratchet up overdraft fees as well.

Now that regulations are limiting overdraft charges and capping debit card transaction fees, banks are turning back to customers to cover the cost of maintaining their accounts. The availability of free checking accounts declined in 2010 for the first time since 2003, according to a recent report by the Federal Reserve Bank of Boston.

It's not the first time a popular movement has encouraged consumers to dump big banks. During the 2009 holiday season, The Huffington Post got behind the "Move Your Money" project, which used the image of the good-guy community banker played by Jimmy Stewart in the movie "It's a Wonderful Life," to encourage customers of the banking world's "Mr. Potters" to find alternatives.

That campaign got some traction, but didn't result in a significant number of defections.

"'Move Your Money' was good for credit unions, there's no question. But this seems to be a more visceral reaction this time," said Bill Cheney, CEO of the Credit Union National Association, an industry group. "People aren't just doing it because they like credit unions, they're doing it because they're mad at their bank."

But are people angry enough to make the effort to switch accounts? Consider that they'd be leaving big banks offering wide ATM networks, mobile banking apps and other conveniences that smaller institutions may have trouble matching.

"Consumers are saying they're mad as hell," said Mark Schwanhausser, a financial services analyst with Javelin Strategy & Research. "The question in my mind is, whether they're at that stage of saying 'And I'm not going to take it anymore.'"

The fact is that switching banks can be a hassle. It takes time and effort to find new banks and compare their fees. And while it's easy enough to open an account online, switching often ends up requiring a visit to a branch. Then there's the need to shift direct deposits, electronic bill payments, automatic transfers and the rest of the details associated with modern banking.

"There's a lot more anger than there is action," Schwanhausser said.

His research has shown the more reliant customers are on online banking or mobile banking, the less likely they are to make the switch, even after they open a new account elsewhere.

Some banks and credit unions offer switch kits, that can help a customer through the process. A handful have even contracted a new service called "SwitchAgent" that does most of the work of switching preauthorized bill payments and direct deposits for the individual. But even that helping hand requires the customer to gather account numbers and other details to get it in motion.

"You can complain or you can change," Schwanhausser said, who called this a "Netflix" moment for the big banks. "The consumer is going to be forced to decide how important is convenience? How important is undoing this relationship I have?"

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

Source: http://www.msnbc.msn.com/id/44993060/ns/business-personal_finance/

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Sunday, October 23, 2011

Dyersburg State Gazette: Local News: Finance Committee ...

The Dyer County Finance Committee met for the third consecutive month and was finally able to recommend an investment policy for the County Commissioners to approve at their next scheduled meeting on Monday, Nov. 14. The policy was drafted by county attorney Michael Gauldin in consultation with the Finance Committee, the Tennessee Comptroller's Office, the County Technical Assistance Service and Tennessee Code Annotated.

According to Gauldin there were three deviations from what he had heard at the previous Finance Committee meeting on Sept. 29 and the final policy he drafted. The first difference was that the committee had recommended in its previous meeting that the county make investments in bonds that are rated A or higher and that the county should not hold onto any bond that dropped below a BBB- rating. Tennessee Code Annotated 5-8-301 provides that counties cannot invest in any bond rated less than A. John Cloar, a financial advisor for Edward Jones, expanded on that restriction by pointing out that TCA only requires the minimum rating from one of the three nationally recognized rating services.

In previous meetings there was discussion of the time-sensitive nature of investing in bonds and that it was not practical to approve each bond prior to purchase. One of the goals of recent meetings was to give Dyer County Trustee Judy Patton a framework that she could go by in order to make those investments on behalf of the county with the understanding that she would periodically report the investments back to the committee. However, Gauldin pointed out that TCA also provides that, "No idle funds are to be invested for a maturity of greater than two (2) years, unless first the county legislative body shall appoint an investment committee as authorized by ? 5-8-302 or ? 5-21-105, and such investment committee shall give its prior approval. Such investment committee may approve investments in maturities of up to five (5) years." Any investment beyond five years must be approved the Tennessee Comptroller's Office.

Dyer County Mayor Richard Hill was in agreement with the change saying that five heads are better than one.

"This is checks and balances," said Hill. "It is better to be over cautious rather than not cautious enough."

A discussion ensued as to what method would be used to get the committee together. The committee agreed to meet when necessary to approve the investments as Hill pointed out that only a majority of the members of the committee (three) needed to be present to make a decision.

The last difference was in nonconvertible debt securities, which require ratings in the highest category by at least two nationally recognized rating services as opposed to one as is the case with bonds. Commissioner John Uitendaal brought up for discussion the fact that this section of TCA was for the investment of idle funds and asked if there was flexibility within the law since the funds being discussed for investment he did not consider to be idle funds.

"These are the only codes related to investing funds," said Gauldin, further adding that the county can only do what the state has allowed it to do.

The committee unanimously passed the drafted investment policy with minor changes on a motion by Commissioner Jimmy Hester and a second by Uitendaal.

Source: http://www.stategazette.com/story/1776280.html

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Hulu Plus coming to Nintendo 3DS and Wii by end of 2011 (Digital Trends)

While the Nintendo Wii might not be leading in many sales categories, it does hold the distinction of being one of the most popular devices for streaming Netflix content. Now we?ll find out if the same can be said of Hulu Plus content, too.

In an announcement made today by Nintendo, the company revealed plans to bring subscription-based streaming service Hulu Plus to both the Wii and handheld Nintendo 3DS system by the end of the year.

The service will offer subscribers streaming access to a massive library of past and current television series.

While exact details of the deal are scarce at this point, the announcement does indicate that the service will cost the same on the Nintendo platforms as it does on Xbox 360 and PlayStation 3. Users will need to pay a monthly subscription fee of $7.99 for access to the Hulu Plus library.

?With Hulu Plus, Wii and Nintendo 3DS users will be able to instantly stream thousands of TV episodes ? including the entire current season of popular shows like Modern Family, Glee, Dancing with the Stars, The Biggest Loser, House and Grey?s Anatomy ? from premium content partners like ABC, Comedy Central, FOX, NBC, MTV and many more,? reports the company. ?Hulu Plus also offers access to classic TV favorites like Lost, Battlestar Galactica, The Hills and hundreds of popular and award-winning movies.?

This article was originally posted on Digital Trends

More from Digital Trends

Source: http://us.rd.yahoo.com/dailynews/rss/personaltech/*http%3A//news.yahoo.com/s/digitaltrends/20111021/tc_digitaltrends/hulupluscomingtonintendo3dsandwiibyendof2011

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Saturday, October 22, 2011

'Paranormal Activity 3' Hits Theaters, Unveils New Clip

The third installment in the "Paranormal Activity" franchise creeps into theaters this weekend. To get you ready for supernatural chills, there's a sixth viral clip that's been released. "Catfish" directors Henry Joost and Ariel Schulman direct the film that finds a young Katie (from the first and second films), and her sister Kristi battling evil. [...]

Source: http://moviesblog.mtv.com/2011/10/21/paranormal-activity-3-hits-theaters-unveils-new-clip/

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Friday, October 21, 2011

Legendary Entertainment names new board member (Reuters)

LOS ANGELES (TheWrap.com) ? A.G. Lafley, the former chairman, president and CEO of Procter & Gamble, has joined the board of directors of Legendary Entertainment, the company announced Thursday.

Lafley joins Legendary as the company expands significantly. It recently launched Legendary East, a joint venture in China. And while it has long been a co-producer, it is increasingly developing its own projects.

It also recently closed on a new $700 million credit facility and has a new television division and a new comics division.

During Lafley's years at Procter & Gamble, sales doubled, profits quadrupled and the company's market value increased by more than $100 billion, according to Legendary.

He's a graduate of Hamilton College and holds an MBA from the Harvard Business School.

He joins Jim Breyer, Larry Clark, Dick Cook, Joe Roth and chairman and CEO Thomas Tull.

Lafley adds heft to Legendary's already hefty board: Jim Breyer is a partner in Accel Partners and is CEO of Breyer Capital. He also serves on the boards of both Facebook and Wal Mart. Dick Cook is the former chairman of Walt Disney Studios, and Roth is a renowned producer.

Legendary's productions include Guillermo del Toro's upcoming "Pacific Rim," "Inception and "The Dark Knight."

Source: http://us.rd.yahoo.com/dailynews/rss/enindustry/*http%3A//news.yahoo.com/s/nm/20111020/media_nm/us_legendary

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Torrential rainstorm floods Rome (AP)

ROME ? A torrential rainstorm battered Rome during the morning rush hour Thursday, causing flash floods that killed one man, felled trees and blocked thousands of commuters from reaching their workplaces.

Firemen reported finding the body of a man who drowned in his basement apartment. Police rescued dozens of others from low-lying buildings.

Italian authorities said they received more than 5,000 calls for help during the storm. Trees were felled, subways were flooded and some roads crumbled.

Private schools in Rome urged parents to keep their children home for the day, saying classrooms were flooded and roads near schools impassable.

Hours after the rain stopped, cars remained trapped in massive traffic jams on the outskirts of the city.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20111020/ap_on_re_eu/eu_italy_weather

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Thursday, October 20, 2011

French credit review threatens euro zone rescues (Reuters)

PARIS (Reuters) ? Doubt cast on France's triple-A credit rating by Moody's raised uncertainty over Europe's hopes of drawing a line under its sovereign debt crisis, five days before a crucial EU summit.

The U.S. ratings agency said late on Monday it may slap a negative outlook on France's Aaa rating in the next three months if slower growth and the costs for helping bail out banks and other euro zone members stretch its budget too much.

"The deterioration in debt metrics and the potential for further contingent liabilities to emerge are exerting pressure on the stable outlook of the government's Aaa debt rating," Moody's said in its annual report on France.

The warning, which sent the risk premium on French government bonds shooting up to a euro lifetime high, came as European Union leaders are preparing measures to protect the region's financial system from a potential Greek debt default.

That strategy includes new steps to reduce Greece's debt, strengthening the capital of banks with exposure to troubled euro zone sovereigns and leveraging the euro zone's rescue fund to prevent market contagion to bigger economies.

The October 23 summit is likely to agree to leverage the bailout fund by allowing it to underwrite a portion of newly issued euro zone debt, euro zone officials said.

With about 300 billion euros of its 440 billion-euro capacity still available, by guaranteeing the first 20-30 percent of any losses, the European Financial Stability Facility could stretch three to five times further.

"This idea is the main contender," one official said.

Economy Minister Francois Baroin insisted that France's AAA status was not at risk but acknowledged that the 1.75 percent growth forecast on which the government has based its 2012 budget was over-optimistic and would have to be revised down.

"The triple-A is not in danger because we will be even ahead of schedule on passing deficit reduction measures," Baroin said on France 2 television.

"We will do everything to avoid being downgraded."

Asked if next year's outlook would have to be reduced in light of weak growth prospects, he added: "We will adapt it, that much is clear."

France and Germany, the two strongest economies among the 17 euro zone members, form the backbone of the EFSF rescue fund and are drafting a crisis-fighting strategy for Sunday's summit.

Without France's triple-A rating, the whole edifice of rescue measures for troubled peripheral euro zone states would begin to crumble, putting more weight on Germany, where there is a strong public backlash against bailouts.

German leaders on Monday doused market hopes of a miracle cure at Sunday's Brussels summit, saying no one should expect a "definitive solution."

German Chancellor Angela Merkel told a closed-door meeting of her Christian Democrats she favored having a permanent presence of the so-called "troika" of international inspectors in Greece to supervise its public finances if there were doubts about fiscal management, party sources said.

She also expected agreement on proposals to send euro zone countries that repeatedly breached EU deficit rules to the European Court of Justice, the sources said.

FRENCH SPREAD HITS RECORD

Analysts said Moody's move was unusual, since it had not put France on ratings watch, but it was a signal to the government that it needed to adopt a more realistic growth assumption and adjust its budget measures accordingly.

Monday's review was only a preliminary step, but a negative outlook would be a sign that Moody's could downgrade its rating on France in the next couple of years. It placed the United States's Aaa rating on negative outlook in August.

The two other major ratings agencies, Standard & Poor's and Fitch, reaffirmed Paris' triple-A rating in August when French banks came under fierce market pressure over their exposure to the weakest euro zone sovereigns.

The spread on French 10-year bonds over benchmark German bonds jumped to a 19-year high of 114 basis points, the first time it had breached 1 percentage point in more than a decade. Safe-haven German Bunds rose on ebbing hopes of a quick solution to the debt crisis.

The ratings review was a potential embarrassment for conservative President Nicolas Sarkozy, who is expected to run for re-election next April and May and faces a strong challenge from Socialist candidate Francois Hollande, who won a primary election run-off on Sunday.

Prime Minister Francois Fillon made clear in a television interview that if growth fell short of official forecasts, Paris would take further austerity measures.

But Philipp Waechter, head of economic research at Natixis Asset Management, said: "We're entering an election year. Before May 6, 2012, it will be complicated to take strong measures. The government's ability to respond is reduced."

In Greece, ships were harbored and trains halted on Tuesday as angry workers built momentum for "the mother of all strikes" expected to bring the entire country to a halt in protest against a new package of tax hikes and wage cuts.

Unions representing around half of Greece's 4 million-strong workforce have called a 48 hour general strike for Wednesday and Thursday to protest against a sweeping package of austerity measures due to be passed in parliament this week.

Prime Minister George Papandreou told the cabinet late on Monday: "The nation is at a crucial moment and we have to be united. In this battle, we need everyone."

Hours earlier, a deputy from Papandreou's party quit his seat in protest against what he called "unjust" steps. The lawmaker will be replaced by another socialist, so Papandreou's four-seat majority in the 300-strong assembly is unchanged.

Meanwhile Portugal, which has also received an EU/IMF bailout, announced a draconian 2012 budget that risks a severe recession. The European Commission called it "courageous."

Greece's overall debt is forecast to climb to 357 billion euros ($491.4 billion) this year, or 162 percent of annual economic output -- a level economists agree is unsustainable.

To reduce this mountain, euro zone leaders are racing to convince banks to accept "voluntary" writedowns of up to 50 percent on their sovereign holdings. At the same time, they are trying to agree on a blueprint for recapitalizing financial institutions at risk from the deepening crisis.

Negotiations with the Institute of International Finance, representing the banks, were continuing in Brussels after diplomats said Deutsche Bank chief Josef Ackermann, who is also chairman of the IIF, met EU Council President Herman Van Rompuy to discuss write-downs and recapitalization.

Ackermann has objected to efforts to force banks to raise more capital and IIF lead negotiator Charles Dallara told Reuters on Monday that bigger writedowns on Greek bonds could only happen if policymakers addressed broader sovereign debt issues in Europe.

(Additional reporting by Walter Brandimarte in New York, Geert de Clercq, Jean-Baptiste Vey and Matthieu Protard in Paris, Emelia Sithole-Matarise in London, John O'Donnell in Brussels, Edward Taylor in Frankfurt; Writing by Paul Taylor, editing by Mike Peacock)

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/nm/20111018/bs_nm/us_eurozone

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I Did a Crazy Fad Diet From the Internet

Those Internet ads that say you can ?lose a pound a day with one simple trick?? The hCG diet is one that you?ll find when you click on those. And there is a trick to succeeding on the diet: Don?t follow the plans on the Internet, which usually involve ordering homeopathic drops. The FDA considers the drops to be ?fraudulent and illegal,? though the agency rarely does anything about it. Instead, find a doctor to prescribe injections. They are considered off-label use for weight loss, but when I found out that my OB-GYN?the same woman who once changed her vacation plans to deliver one of my kids?was offering the diet through her practice, I figured it was safe enough to consider. I attended an information session, learned the pros and the cons, and thought about it. And then I mentally deducted all the money from my imaginary iPad fund (It cost me $450, which isn?t cheap, but then, neither is Nutrisystem), and went for it.

Source: http://feeds.slate.com/click.phdo?i=6b1216eb99b45148b65ec5786f31a4c9

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X-linked mental retardation protein is found to mediate synaptic plasticity in hippocampus

X-linked mental retardation protein is found to mediate synaptic plasticity in hippocampus

Wednesday, October 19, 2011

Scientists at Cold Spring Harbor Laboratory (CSHL) have solved part of a puzzle concerning the relationship between changes in the strength of synapses ? the tiny gaps across which nerve cells in the brain communicate ? and dysfunctions in neural circuits that have been linked with drug addiction, mental retardation and other cognitive disorders.

A team led by CSHL Professor Linda Van Aelst has pieced together essential steps in a signaling cascade within excitatory nerve cells that explains a key phenomenon called longterm depression, or LTD. The "depression" in question has nothing to do with the human illness with that name. Rather, it refers to a tamping-down of the strength of individual synapses ? what scientists call synaptic plasticity.

The mechanism behind LTD is called endocytosis. It involves a retraction of receptors where neurotransmitters can "dock." Van Aelst and colleagues have demonstrated how LTD works following activation of a class of receptors called group I metabotrobic glutamate receptors, or mGluRs.

It was known that longterm depression mediated by mGluRs depended in part on the rapid synthesis of specific proteins. Yet the identity of these proteins had largely remained a mystery. The CSHL scientists have now shown that locally rapid production of a protein called oligophrenin 1 (OPHN1) follows activation of group I mGluRs. OPHN1 in turn was shown to mediate LTD in hippocampal nerve cells, by interacting with yet another protein called EndophilinA2/3.

The result of this cascade of intracellular signals was dramatic: persistent removal of AMPA-type receptors at the excitatory synapse, and the onset of LTD. When rapid production of OPHN1 was blocked, mGluR-dependent LTD did not occur. These findings appear online today ahead of print in the journal Neuron.

Van Aelst explained the significance of the finding. "OPHN1 has two important functions that we know about. One is early in development, after synapses have appeared in the emerging nervous system. In this phase, OPHN1 in concert with other factors stabilizes receptors at synapses, and thus is essential in maintaining the structure of these essential features of neural circuitry.

"Our new findings show another vital role for OPHN1, later in development and into maturity. We assume that in response to behavioral stimuli ? we aren't yet sure what kind ? mGluRs are activated, setting off the series of steps that we identified: rapid upregulation of OPHN1, which binds to EndophilinA2/3, which in turn mediates the long-term removal of AMPA receptors."

OPHN1 is known to be associated with X-linked mental retardation and with other cognitive and behavioral deficits. The team hypothesizes that OPHN1-related changes in plasticity such as those described in their new work may be causally related to such pathology. They are investigating this possibility in their current work.

###

Cold Spring Harbor Laboratory: http://www.cshl.org

Thanks to Cold Spring Harbor Laboratory 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.

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Source: http://www.labspaces.net/114463/X_linked_mental_retardation_protein_is_found_to_mediate_synaptic_plasticity_in_hippocampus

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How Come All Captchas Don't Just Work Like This? [Video]

Is it just me or have Captchas gotten insanely freaking impossible these days? I mean, I can't even make out if I'm supposed to type in a letter, a number or a hieroglyphic. Annoying! We need a new Captcha method. What about drawing a shape? More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/MPy8hm62upQ/how-come-all-captchas-dont-just-work-like-this

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Wednesday, October 19, 2011

Preemies have a higher risk of autism: study (Reuters)

NEW YORK (Reuters Health) ? The risk of developing autism among children who were born prematurely is five times greater than among kids born after a full-term pregnancy, according to a new study.

"Although this group is not the first to report a higher prevalence of autism in the low birth weight infant population, they've done a better job than anyone else in confirming the diagnosis with gold standard tools," said Dr. Karl Kuban, chief of pediatric neurology at Boston Medical Center, who did not participate in the research.

The Centers for Disease Control and Prevention estimate that one out of every 100 eight-year-old kids has autism.

The new study, published in the journal Pediatrics, found that five out of every 100 young adults who was born weighing less than four and a half pounds had autism.

"Is it being born early that's leading to the problem, or is it that being born early and having autism share a common risk?" Kuban said. "We don't know."

The researchers followed several hundred premature babies from birth to 21 years of age.

Of the 189 young adults who went through an exam called the Autism Diagnostic Interview--Revised, 14 received an autism diagnosis.

"I was surprised," said Jennifer Pinto-Martin, a professor at the University of Pennsylvania who led the study.

Based on autism screens done during an earlier phase of this research, when the children were 16 years old, "I knew it would be higher than the general population...but I thought the rate would be about double," rather than five times as high, Pinto-Martin added.

The participants who had autism also had a high rate of other psychiatric disorders. Six of the 14 kids with autism had been diagnosed with another psychiatric disorder, such as phobias or attention-deficit hyperactivity disorder, at age 16.

Pinto-Martin and her colleagues did not show that being born early causes autism, but she said there is concern that prematurity puts babies' brains at a higher risk for injury, and perhaps that injury could have something to do with autism.

Her group is going back through ultrasound scans of the children's brains to look for possible signs of injury.

An earlier study in the UK and Ireland found that eight out of every 100 children born extremely prematurely -- before 26 weeks of pregnancy --developed autism (see Reuters Health story of February 11, 2011).

This rate is higher than what the current study found, probably because Pinto-Martin's group studied a broader range of preemies that included children born after 26 weeks of pregnancy.

She pointed out that when her research began in the 1980s, extremely premature babies were far less likely to survive than they are now.

"The profile of a low birth weight cohort today is going to look very different, and is likely to be filled with kids who have more risk," she told Reuters Health.

The vast majority of children born prematurely do not develop autism, and Pinto-Martin does not want her findings to alarm parents. "It's not something to worry about, but it's something to pay attention to."

SOURCE: http://bit.ly/n2zYhZ Pediatrics, online October 17, 2011.

Source: http://us.rd.yahoo.com/dailynews/rss/parenting/*http%3A//news.yahoo.com/s/nm/20111017/hl_nm/us_preemies

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Tuesday, October 18, 2011

Golden boy: Leyva caps sharp gym worlds for US (AP)

TOKYO ? Danell Leyva's parallel bars routine was practically flawless, certainly the best he'd ever done.

Now he had to wait to see if it would be good enough.

There were four gymnasts still to come Sunday, including all-around champion Kohei Uchimura. But the first brushed his backside against one of the rails, and the next two took hops, no matter how slight, on their landings.

"It was pretty crazy, to be honest," Leyva said. "I actually didn't think I was going to (win). Seeing everyone's score going up, it was like another heartbeat I was able to get. Like OK, OK."

When Uchimura's legs wobbled on a handstand, Leyva's heart went into a full-blooded pound. The 19-year-old from Miami had a gold medal, the first by an American man at the world championships since 2003.

"It's great to finish the way I did," Leyva said.

Capped a banner world championships for the entire U.S. team, too. All-around champion Jordyn Wieber and Aly Raisman added bronzes Sunday to give the Americans seven medals, four of them gold. Only China won more, with 12, and the U.S. matched the Chinese gold for gold.

The women claimed their third team gold, and Wieber became the sixth American woman to win the all-around. McKayla Maroney gave the U.S. its third straight vault title. The U.S. men won their first team medal since 2003, a bronze, and Leyva gave them multiple medals for the first time since Paul Hamm won three, also in 2003.

Oh, and the London Olympics are less than a year away.

"That sends a really huge message to other countries and judges that we're coming in really strong for next year and the Olympics," said Wieber, who missed a fourth medal on uneven bars by about three-tenths of a point. "It shows that we're really working hard and we're going to be back even stronger next year."

China rounded out its medal haul with Zou Kai and Zhang Chenglong going 1-2 on high bar, and Sui Lu and Yao Jinnan taking the gold and silver on balance beam. Yang Hak-seon of South Korea won the men's vault title with the hardest vault ever attempted, and Kseniia Afanaseva of Russia claimed the floor title after being a late replacement for teammate Viktoria Komova.

Kohei Uchimura didn't win any more golds Sunday, but a bronze on high bar gave the Japanese star a complete set. He won golds in the all-around and floor exercise, and a silver in the team competition.

"I don't think about winning the gold medals or having the gold medals," said Uchimura, the first man to win three all-around titles. "I'm just concerned about the performance, a good performance. And as a result, it's been good to win golds."

Leyva had hoped to give Uchimura a run for his gold medal in the all-around. But the American sat down on his vault landing, then took a nasty-looking fall off the high bar that left him in last place.

Though Leyva's head quickly cleared, his pride did not.

"To be able to finish in a high point is good ? especially after trying to take a chunk out of the bar with my teeth," Leyva said. "It's great to be able to come back and show the world we're not wimps. USA, that's what it's about."

Leyva has all of the difficult tricks ? his high bar routine would make Shaun White's palms sweat ? but it's his polish and precision that have caught the rest of the world's attention.

His parallel bars routine was filled with intricate combinations, yet they were done with the precision of an artist ? which he is ? and the rhythm of a musician. He did a spin into a handstand that any dancer would envy, his legs ruler-straight and his toes perfectly pointed. When he flipped into another handstand, he came to a dead stop, looking like a statue as he held the pose.

His dismount was the stuff gymnastics coaches dream off. He landed full-force without so much as a wiggle, his only movement the raising of his arms in triumph.

"Danell has worked so hard on that routine, and in particular on his dismount," said Kevin Mazeika, men's team coordinator. "He's been working on that all year, trying to improve that and working on sticking the landings. It all paid off at just the right time. A beautiful routine with a stuck dismount."

As the crowd cheered, Leyva let loose with a roar and pumped his fists. His stepfather and coach, Yin Alvarez, who is excitable just getting off the bus, charged toward the podium like a bull in Pamplona, wrapping Leyva in a bearhug.

It's only the third parallel bars title for a U.S. man, following Sean Townsend (2001) and Bart Conner (1979).

"I didn't think anything was going to hit me until the world championships was over and it's hitting me now," said Leyva, who won his first U.S. title in August. "It was a great year. It was a phenomenal year."

And next year, the Americans hope, will be even better.

This has the potential to be the strongest Olympic team the U.S. has ever had. The women won the title despite losing Beijing Olympic captain Alicia Sacramone to a torn Achilles tendon two days before prelims, and all five Americans finished in the top 12 in qualifying. There were two Americans in every event final but vault.

The guys had three of the top five spots in qualifying. They finished team finals only about two points behind China ? and that was with the Chinese being clean and the Americans counting a botched vault and some major execution deductions on still rings.

"It's the result of a lot of hard work," USA Gymnastics president Steve Penny said. "These kids have really set their sights higher than they've been before. They're just achieving more and more, so it's just really exciting to see that they want to keep the United States out front."

Oh, and get a load of who's back home. Olympic champion Nastia Liukin just announced her comeback, and Shawn Johnson will anchor the U.S. team at the Pan American Games. Hamm was close to competing at nationals after a shoulder injury, and 2005 world champion Chellsie Memmel is working out again after shoulder surgery.

A reduction in team size for London ? squads will have five gymnasts, not six ? could make the Americans even more formidable.

For the past few years, teams have taken two or three all-arounders and used the rest of their spots on event specialists to ensure big scores in team finals, where three gymnasts compete on each apparatus and all three scores count. With only five gymnasts, however, teams may not have that luxury.

The U.S. has the depth on both sides to adapt. So do the Russian women, and the German, British, Russian and Japanese men.

The Chinese are a big question mark, however, particularly on the men's side. They had only one all-arounder, Teng Haibin, and he was 18th.

"Look here what we had: Everybody did basically every event. We had five girls in here," women's national team coordinator Martha Karolyi said. "So it's not so extremely hard for us."

Indeed, the toughest task could be settling on the five members of each team.

"When you look at the depth that we have to choose from, if everybody comes back healthy and strong? Oh my gosh," Penny said. "It's just going to be an amazing year to watch what happens."

___

Follow Nancy Armour at http://www.twitter.com/nrarmour

Source: http://us.rd.yahoo.com/dailynews/rss/sports/*http%3A//news.yahoo.com/s/ap/20111016/ap_on_sp_ot/gym_world_championships

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Communique Issued By Finance Ministers And Central Bankers Of ...

You are here: Home / News Feed / Communique Issued By Finance Ministers And Central Bankers Of The Group Of 20 Major Economies After A Meeting In Paris On Saturday 15 October, 2011








Date 15/10/2011

  1. We, the G-20 Finance Ministers and Central Bank Governors, met at a time of heightened tensions and significant downside risks for the global economy that need to be addressed decisively to restore confidence, financial stability and growth.
  2. We have progressed in delivering the commitments we made three weeks ago in Washington DC. In particular, we welcome the adoption of the ambitious reform of the European economic governance. We also welcome the completion by Euro area countries of the actions necessary to implement the decisions taken by Euro area Leaders on 21 July 2011 to increase the capacity and the flexibility of the EFSF. We look forward to further work to maximize the impact of the EFSF in order to avoid contagion, and to the outcome of the European Council on October 23 to decisively address the current challenges through a comprehensive plan. We made progress on our action plan of coordinated policies for consideration by our Leaders at the Cannes Summit. This action plan will encompass a set of measures to address immediate vulnerabilities and strengthen the foundations for a strong, sustainable and balanced growth whereby:
    • Advanced economies, taking into account different national circumstances, will adopt policies to build confidence and support growth, and implement clear, credible and specific measures to achieve fiscal consolidation. Those with large current account surpluses will also implement policies to shift to growth based more on domestic demand. Those with large current account deficits will implement policies to increase national savings;
    • Emerging market economies will adjust macroeconomic policies, where needed, to maintain growth momentum in the face of downside risks, contain inflationary pressures and endeavor to enhance resilience in the face of volatile capital flows; Surplus emerging market economies will accelerate the implementation of structural reforms to rebalance demand toward more domestic consumption, supported by continued efforts to move toward more market-determined exchange rate systems and achieve greater exchange rate flexibility to reflect economic fundamentals;
    • All countries will undertake further structural reforms to raise potential growth;
    • In all of our actions we will strive to foster growth, job creation and promote social inclusion.

    We remain committed to take all necessary actions to preserve the stability of banking systems and financial markets. We will ensure that banks are adequately capitalized and have sufficient access to funding to deal with current risks. Central banks have recently taken decisive actions to this end and will continue to stand ready to provide liquidity to banks as required. Monetary policies will maintain price stability and continue to support economic recovery.

  3. We are taking concrete steps to build a more stable and resilient IMS to help both deal with the current stress and promote longer-term stability. We agreed on coherent conclusions to guide us in the management of capital flows in order to deal with the risks and reap the benefits from cross-border capital flows. To further reach these objectives, we agreed on an action plan to support the development and deepening of local currency bond markets. We welcomed the recent improvements to IMF surveillance and will review further progress by the Cannes Summit notably on enhancements towards a more integrated, even-handed and effective surveillance framework, particularly on financial sector coverage, fiscal, monetary and exchange rate policies.

    We adopted common principles for cooperation between the IMF and Regional Financial Arrangements. As a contribution to a more structured approach, we called on the IMF to further consider new ways to provide on a case by case basis short-term liquidity to countries facing exogenous, including systemic, shocks building on existing instruments and facilities and called on the IMF to develop concrete proposals by the Cannes Summit. In addition, we recognize that central banks play a major role in addressing global liquidity shocks. We committed that the IMF must have adequate resources to fulfill its systemic responsibilities and look forward to a discussion of this in Cannes. We call for the full implementation of the 2010 quota and governance reform of the IMF, as agreed. We look forward to making progress by the Cannes Summit on a criteria-based path to broaden the SDR basket, as a contribution to the evolution of the IMS, based on the existing criteria. We will continue our work on assessing developments on global liquidity, country specific analysis of drivers of reserve accumulation, avoiding persistent exchange rates misalignments, and the role of the SDR.

    We reaffirmed our shared interest in a strong and stable international financial system, and our support for market-determined exchange rates. We reiterate that excess volatility and disorderly movements in exchange rates have adverse implications for economic and financial stability.

  4. We are more determined than ever to reform the financial sector to better serve the needs of our economies. We reaffirm our commitment to implement fully, consistently and in a nondiscriminatory way agreed reforms on OTC derivatives, all Basel agreements on banking regulation within agreed timelines and reducing overreliance on external credit ratings. We endorsed a comprehensive framework to reduce the risks posed by SIFIs, including strengthened supervision, key attributes of effective resolution regimes, a framework for cross-border cooperation and recovery and resolution planning as well as additional loss absorbency requirements for those banks determined as SIFIs; now that the framework applicable to SIFIs is agreed we urge the FSB to define the modalities to extend expeditiously the framework to all SIFIs. We agreed on initial recommendations and a work plan to strengthen regulation and oversight of shadow banking; we welcomed the joint IMF/WB/FSB report on financial stability issues in emerging markets and developing economies; endorsed the FSB report and the common principles on financial consumer protection prepared by OECD with FSB and call for further work on implementation issues; endorsed the progress report of the FSB OTC derivatives working group to ensure proper coordination and sequencing, and agreed on the importance of the work to set margining standards on non-centrally cleared OTC derivatives; endorsed the IOSCO report on commodity derivatives markets and called IOSCO to report on implementation of its recommendations by end 2012. We endorsed first recommendations by IOSCO on market integrity and call for further work by mid-2012. We welcomed initial work by FSB/IMF/BIS on macroprudential policy and look forward to further work in 2012. We underscored our support for a global legal entity identifier system which uniquely identifies parties to financial transactions with an appropriate governance structure representing public interest. We reaffirmed our objective to achieve a single set of high quality global accounting standards. We look forward to discussion of progress made in tackling non-cooperative jurisdictions and tax havens in Cannes. We underlined in particular the importance of comprehensive tax information exchange and encourage competent authorities to continue their work in the Global Forum to assess and better define the means to improve it. We agreed on a coordinated framework for monitoring implementation of our financial regulation agenda, including enhanced monitoring of Basel II, II-5 and III implementation, setting up a peer review council for GSIFI policies, a coordination group on OTC derivatives complementing the OTC derivatives working group, and an ongoing monitoring and public reporting on compensation practices focused on remaining gaps and impediments to full implementation of FSB standards and principles on compensation, and also reviewed a scoreboard to track progress for our Leaders. To ensure that the FSB keeps pace with our ambitious financial regulation agenda, we commit to strengthen its capacity, resources and governance building on its Chair?s preliminary proposals and call for first steps to be implemented by the end of this year.
  5. The proper functioning of commodity markets is key for sustained global economic growth. We reaffirm our commitment to improve the timeliness, completeness and reliability of the JODI-Oil database and call on IEF, IEA and OPEC to regularly assess our progress. We commit to work on contributing to the JODI-Gas database, on the basis of the same principles, call for further work on gas and coal market transparency and will review progress in 2012. Building on the January 2011 Riyadh meeting, we call for annual symposiums on short, medium and long term outlook and forecasts for oil, gas and coal. We ask IOSCO, in collaboration with IEA, IEF and OPEC, to prepare recommendations to improve the functioning and oversight of Price Reporting Agencies for mid-2012. We reaffirm our commitment to rationalize and phase-out inefficient fossil fuel subsidies in the medium term, while providing targeted support for the poorest.
  6. We welcome the MDBs Infrastructure Action Plan and the HLP recommendations to be presented to our Leaders in Cannes for promoting enabling environment, diversifying sources of funding and identifying exemplary infrastructure investment projects. We call on the MDBs, working with countries involved to pursue implementation of transformational regional infrastructure projects following the criteria set by the HLP and to prioritize project preparation financing. We emphasize the importance of this agenda and welcome regular updates from MDBs on the progress achieved.

    We welcome the GPFI progress report and encourage further efforts to achieve universal access to financial services. We call on MDBs to assist their clients scale up use of risk management tools that help mitigate the impact of food price volatility.

  7. We debated options for innovative financing, as well as a range of different financial taxes, and look forward to Bill Gates? report on financing for development. We discussed the World Bank-IMF-OECD-RDBs report on mobilizing climate finance and the recommendations of Trevor Manuel based on this report, taking into account the principles of UNFCCC. We call for further work by MDBs and UN organizations. We look forward to an effective design for the Green Climate Fund, based on the work of the Transitional Committee as an element of a balanced outcome of Durban.
  8. We thank France for hosting the Finance Ministers and Central Bank Governors? meetings this year and welcome Mexico as chair in 2012.
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Source: http://www.clearingandsettlement.com/2011/10/communique-issued-by-finance-ministers-and-central-bankers-of-the-group-of-20-major-economies-after-a-meeting-in-paris-on-saturday-15-october-2011/

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Monday, October 17, 2011

Occupy Wall Street protests in China? Not for now, anyway.

Occupy Wall Street protests spread to four continents over the weekend, but China's major involvement was conspicuously absent.

As the ?Occupy Wall Street? movement spread to four continents over the weekend, guess which major world capital did not see any protesters?

Skip to next paragraph

Unsurprisingly, since unofficial public gatherings of any kind are taboo in China, Tiananmen Square was not teeming with anticapitalist demonstrators on Saturday.

Not that China might not be ripe for the spreading movement: A growing gulf between rich and poor here would make this fertile ground for the 99-percenters.

And the government knows it, which is why it is censoring any effort to organize protests in China. Type ?Occupy Beijing? into Internet search engines here and you get either completely irrelevant results, or references to protests in America, Japan, Singapore ? anywhere but China.

There is an ?Occupy Beijing? group on Facebook, but you can only get onto Facebook ? which is blocked by the Great Firewall ? if you have censorship-evading software, a comparative rarity in China. That makes the social networking site a poor organizing tool here.

A group of older men did mount a brief demonstration last week in a park in Zhengzhou, the capital of the central province of Henan, but it had a very different feel to it from the youthful tent cities that have sprung up in European capitals, to judge by a video that made it onto the Chinese web.

?Proletarians of the world, Unite!? read their red armbands, reminiscent of Mao?s days. ?At least 700 arrested in New York, democracy and liberty trampled on,? explained a flyer that organizers were handing out.

Even the video of this event proved too inflammatory for the Chinese authorities. It was taken down from the Sina.com website within a day or so.

A pop-up demonstration of some sort does seem to have taken place in the heartland of Chinese capitalism, to judge by photos linked to from the ?Occupy Shanghai? Facebook page. Pictures show a man in a panda mask in a number of different locations in Shanghai holding up a sign reading ?We are the 99 percent. We do not need greedy financial system. We need to move forward mankind? in Chinese and English.

Another man held up a similar sign in the university city of Nanjing. But those two men and their photographer accomplices appear to constitute the full extent of Chinese mainland public participation on the day ?Occupy Wall Street? went global.

Source: http://rss.csmonitor.com/~r/csmonitor/globalnews/~3/pyPLSgZFXT8/Occupy-Wall-Street-protests-in-China-Not-for-now-anyway

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Beast Mode beaten: Brewers fall short in NLCS

By RICK GANO

updated 12:22 a.m. ET Oct. 17, 2011

MILWAUKEE - Another shaky outing by Shaun Marcum, some more sloppy fielding and a tough night for Milwaukee's two biggest stars ended the Brewers' chance for a trip to the World Series they had so craved.

The Brewers were a major league-best 57-24 in their home park this season in winning their first division title since 1982, when Harvey's Wallbangers, featuring Hall of Famers Robin Yount and Paul Molitor, led them to the franchise's only World Series. The result: a seven-game loss to the Cardinals.

A return trip nearly three decades later was in the offing and had a city riveted by the possibility.

After beating the Diamondbacks, the Brewers needed to get past the wild card Cardinals, who overcame a 10? game deficit on Aug. 25, overtook the Braves and then eliminated the pitching-rich Phillies in the division series.

But St. Louis won twice at Miller Park, including a 12-6 clinching victory Sunday night that included six homers, three from each team. The Cards won the best-of-seven series 4-2.

The loss might have marked the final appearance in a Brewers uniform for burly first baseman Prince Fielder, who will be one of the marquee free agents after the World Series.

The 5-foot-11, 275-pound Fielder went 0 for 4 ? finishing the NLCS just 4 for 20 with a pair of homers and three RBIs. He did get the fans out of their seats with a high drive to the center field wall in the third that Jon Jay pulled down.

And when he came to the plate for perhaps his last Milwaukee at-bat in the eighth, the fans gave him a loud ovation. And he got another rousing cheer after bouncing out and returning to the dugout.

The Brewers other MVP candidate, Ryan Braun, also had a rough night, going 0 for 4 with a pair of strikeouts.

St. Louis should be appreciative of Fielder, too. His homer helped the National League win this year's All-Star game, securing home field advantage for the Cardinals against the Texas Rangers in the World Series that begins Wednesday night.

The Brewers' trouble in the field carried over for a second straight game.

After committing four errors in a Game 5 loss, they made three in the fifth inning ? two by third baseman Jerry Hairston Jr. on the same play when he couldn't handle a grounder and then made a flip with his glove that got past second baseman Rickie Weeks. The miscues led to a pair of unearned runs.

Brewers manager Ron Roenicke wasted no time in removing Marcum, who'd struggled down the stretch and finished 0-3 in the postseason, with two losses in the NLCS.

Marcum lasted one inning, giving up four runs, including a three-run homer to David Freese, and got the hook in favor of lefty Chris Narveson.

Entering the game, Marcum was 1-4 with a 8.18 ERA over his previous six starts dating to Sept. 9 in the regular season. But he still got the nod.

"I feel really good about this decision," Roenicke said before the game. "Whether he pitches well tonight or whether he gets hit a little bit, this is the right decision. For this ballclub it's the right decision."

Narveson didn't exactly fool the Cardinals, either. He made it through 1 2-3 innings and gave up two more homers, solo shots to Rafael Furcal and Albert Pujols.

Milwaukee, buoyed by its towel-waving home crowd, rallied behind homers from Corey Hart, Rickie Weeks and Jonathan Lucroy, pulling within a run.

But pinch-hitter Allen Craig greeted LaTroy Hawkins with a two-run single in the third and suddenly the Cardinals were up 9-4

Marcum gave up a one-out single to Jay, walked Pujols and then yielded an RBI single to Lance Berkman to start the game.

Hawkins was already getting loose as the Cards' No. 5 hitter Matt Holliday came to the plate in the opening inning. Holliday hit a topper out in front of the plate and Marcum shoveled the ball to Lucroy who applied the tag on Pujols.

Replays showed that Pujols may have beaten the throw, but the Cardinals didn't argue. Freese hit the next pitch over the fence in left for a three-run homer and just like that the Brewers were in a 4-0 hole.

The effort was there. Hairston's headfirst slide into first on an infield single in the second inning left him shook up in the dirt. But the versatile veteran told a trainer he was OK and stayed in the game.

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


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