Tuesday, January 31, 2012

Samsung Galaxy S Advance gets official: 1GHz dual-core CPU, Super AMOLED and Gingerbread

Samsung added a new star to its Galaxy universe today, with the release of the Galaxy Advance S. Powered by a 1GHz dual-core CPU, this handset boasts a four-inch, 480 x 800 Super AMOLED display, and packs up to 16GB of memory, along with 768MB of RAM. The device also supports HSPA connections at speeds of up to 14.4Mbps, and boasts a five megapixel rear-facing camera, along with a 1.3 megapixel shooter, up front. As far as software goes, the Advance S will ship with Android 2.3 Gingerbread, plus a full suite of Samsung's apps, available via its Hubs and ChatON services. No word yet on pricing, but the Korean manufacturer plans to roll out its latest smartphone on a gradual basis, beginning with Russia next month, followed by Europe, Africa, Middle East, Southeast and Southwest Asia, Latin America and China. Notably absent from that list, of course, is the US. Find more details in the full press release after the break, as well as the gallery of press shots, below.

Continue reading Samsung Galaxy S Advance gets official: 1GHz dual-core CPU, Super AMOLED and Gingerbread

Samsung Galaxy S Advance gets official: 1GHz dual-core CPU, Super AMOLED and Gingerbread originally appeared on Engadget on Mon, 30 Jan 2012 05:57:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/01/30/samsung-galaxy-s-advance-smartphone-announced/

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Some Reactions After the Challenger Explosion (ContributorNetwork)

The space shuttle Challenger explosion on Jan. 28, 1986, with its seven-member crew was the most traumatic disaster of its type in history. It occurred before a live audience, broadcast around the world in real time.

While the causes of the disaster have been covered ad infinitum, there were some little noted reactions that bear touching on.

President Ronald Reagan Addresses the Nation

On the day the Challenger was destroyed, President Reagan was putting the finishing touches on the State of the Union speech. It had been hoped he would be able to mention the space shuttle mission, which would have been in orbit at the time, with Christa McAuliffe, the teacher in space.

Instead, Reagan gave another speech, in a televised address to the nation recorded at the Teaching American History page. The speech, one of the most moving of his presidency, had everything a memorial speech should have. It touched on the sacrifices of the crew and the importance of the space program. It had a historical reference to Francis Drake, who died at sea. It ended with a quote from "High Flight," the greatest aviation poem ever written. He said that the Challenger crew had "slipped the surly bonds of Earth" to "touch the face of God."

Three days later, Reagan journeyed to the Johnson Spaceflight Center in Houston to give another comforting speech, this time to the bereaved space workers who felt keenly the devastating loss. He had something fitting to say about each of the fallen Challengers. He gave the requisite vow to continue the space program and to not give up exploration in the face of tragedy.

The Challenger Center

In an attempt to turn tragedy into something positive, the families of the Challenger crew, particularly June Scobee (now June Scobee-Rogers), herself a teacher, created the Challenger Center for Space Flight Education. There are Challenger Centers across the U.S., in Canada, Great Britain and South Korea. The mission of the Challenger Center is to further science education through a variety of programs, including training teachers in the art of teaching science.

Challenger Memorials

There are a number of Challenger Memorials, including one at Arlington National Cemetery and a Space Shuttle Memorial Park near the Johnson Spaceflight Center. The film "Star Trek IV: The Voyage Home" contained a tribute, "The cast and crew of Star Trek wish to dedicate this film to the men and women of the spaceship Challenger whose courageous spirit shall live to the 23rd century and beyond..." Seven asteroids were named for each of the Challenger crew. According to NASA, craters on the moon have also been named after the Challenger Seven.

Mark R. Whittington is the author of Children of Apollo and The Last Moonwalker . He has written on space subjects for a variety of periodicals, including The Houston Chronicle, The Washington Post, USA Today, the L.A. Times, and The Weekly Standard.

Source: http://us.rd.yahoo.com/dailynews/rss/space/*http%3A//news.yahoo.com/s/ac/20120129/us_ac/10899887_some_reactions_after_the_challenger_explosion

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Monday, January 30, 2012

Mexicans overcharged billions for phone, web: study (Reuters)

MEXICO CITY (Reuters) ? Mexicans have been overcharged $13.4 billion a year for phone and internet services as the industry dominated by billionaire Carlos Slim gouges customers and keeps the economy from growing, a study released on Monday said.

Mexico, the second-largest economy in Latin America, cannot reach its growth potential until the cost of phone and internet access comes down and more people have easy access to telecom services, the report from the Organization for Co-operation and Development said.

From 2005 to 2009, Mexican consumers paid $13.4 billion a year excess for phone and internet services, with high fees disproportionately hitting the poor, according to the report. In total, overcharging cost the economy $129 billion over the five-year period, the report found, nearly 2 percent of the country's economic output.

"Inefficient telecommunication markets impose a significant cost on the Mexican economy and the welfare of its population," according to the report that reviewed the country's telecom sector.

Mexican home phone service is dominated by Slim's Telefonos de Mexico, or Telmex, which provides about 80 percent of services while the billionaire controls about 70 percent of the cellphone market through his America Movil.

"This is a critical study...that exposes the weakness of the telecommunications sector in Mexico," Dionisio Perez-Jacome, minister of Communications and Transport, said at a press event accepting the report.

The report found Mexico had the lowest per capita public investment in telecommunications in the 34-member OECD, while Slim's Telmex had very high profit margins compared to other countries.

In 2008, Telmex had a profit margin of 47 percent, while the average for countries including Canada, the United Kingdom and the United States was 28 percent.

A Slim spokesman declined to comment on the findings of customers being overcharged, but pointed to other reports that Mexico enjoys a relatively-affordable broadband base.

The report found broadband internet speeds are low compared to the OECD average and comparatively expensive, while a three-minute call from a cellphone to a local phone would cost a Mexican travelling in another OECD country $8.65, compared to the OECD average of $6.76.

It suggested that Mexico eliminate restrictions on foreign investment in the telecom sector and cut judicial red tape that lets the telecom industry stall new rules, fines and restrictions.

Mexico's President Felipe Calderon, at a separate event, said that his government planned to auction strands of fiber optic cable that would increase broadband service across the country.

Mexico's cable giant, Megacable, is in a partnership with cellphone company Telefonica and television giant Televisa to share one fiber optic project that should deliver more high-speed internet and telecom services.

(Reporting by Patrick Rucker and Krista Hughes; Editing by Gary Hill and Matt Driskill)

Source: http://us.rd.yahoo.com/dailynews/rss/tech/*http%3A//news.yahoo.com/s/nm/20120131/tc_nm/us_mexico_phone

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Stealthy leprosy pathogen evades critical vitamin D-dependent immune response

Monday, January 30, 2012

A team of UCLA scientists has found that the pathogen that causes leprosy has a remarkable ability to avoid the human immune system by inhibiting the antimicrobial responses important to our defenses.

In one of the first laboratory studies of its kind, researchers discovered that the leprosy pathogen Mycobacterium leprae was able to reduce and evade immune activity that is dependent on vitamin D, a natural hormone that plays an essential role in the body's fight against infections.

The pathogen manipulated micro-RNAs, tiny molecules made of ribonucleic acids that carry information and that help regulate genes to direct cell activity, including immune system defenses. Micro-RNAs are short RNAs that do not code information for proteins, which carry out all cell activity; rather, they bind to the RNAs that do code for proteins and block them.

Published in the Jan. 29 online edition of the journal Nature Medicine, the findings demonstrate how an infectious disease pathogen like M. leprae can use micro-RNAs to impact the immune system's fight response.

"We may find that these tiny micro-RNAs can be exploited by pathogens to weaken our immune response," said the study's first author, Dr. Philip T. Liu, an assistant professor of medicine at the Orthopaedic Hospital Research Center and in the department of dermatology at the David Geffen School of Medicine at UCLA. "By better understanding how pathogens can escape our immune cells, we can design more effective therapies to boost our immune responses to these difficult to treat infections like leprosy."

Leprosy, one of the world's oldest known diseases, is a chronic infectious disease that affects the skin, the peripheral nerves, the upper respiratory tract and the eyes and can lead to disfigurement of the hands, face and feet. In 2008, approximately 249,000 new cases of leprosy were reported worldwide, according to the World Health Organization.

For the study, researchers compared the micro-RNAs in human skin lesions from two types of leprosy: tuberloid leprosy, a milder infection that is more easily contained, and lepromatous leprosy, which is more serious and causes widespread infection throughout the body.

In the lab, the scientists identified 13 micro-RNAs that differed between the two types of leprosy. The micro-RNAs that were found to be more common in lepromatous leprosy seemed to target the genes important for directing key immune system cells, including macrophages and T cells.

The team found that a particular micro-RNA, hsa-mir-21, inhibited the gene activity of the vitamin D?dependent immune pathway used to help fight infection. When researchers neutralized the activity of hsa-mir-21 in macrophages, the cells were able to kill the bacteria again.

"The leprosy pathogen was able to effectively evade the host's immune response by regulating critical immune system genes," said senior investigator Dr. Robert Modlin, UCLA's Klein Professor of Dermatology and chief of dermatology at the Geffen School of Medicine. "It's like having the enemy sending a decoy message to your combat troops and telling them to lower their weapons."

To test the significance of this micro-RNA with other infectious diseases, the researchers also introduced hsa-mir-21 to human macrophages that were then infected with tuberculosis in the lab. Researchers found that the micro-RNA similarly blocked the ability of the macrophages to kill the bacteria.

Researchers also demonstrated that immune activation of the leprosy-infected immune cells decreased the leprosy bacteria's viability four-fold ? but only when hsa-mir-21 activity was silenced. In fact, an over-expression of this micro-RNA blocked immune activity, resulting in a five-fold increase in bacterial viability.

"We were surprised at the devastating effects that even a single micro-RNA had on the ability of immune cells to fight the infections," Liu said.

In addition, the team showed that this micro-RNA was found in human immune cells only 18 hours after the onset of leprosy infection. The presence of the micro-RNA so early in the infection suggests it might play a role in actual disease development, the researchers said.

Further investigation of this single micro-RNA in leprosy may provide a framework for analyzing other micro-RNAs to help determine their cumulative role in regulating the immune response.

The micro-RNAs are small, and therefore it is possible to develop treatments which neutralize them, the researchers said.

"We may find that a combination of vitamin D supplementation with a genetically targeted therapy could provide an optimal treatment approach to leprosy and possibly other chronic infectious diseases," said Modlin, who also serves as vice chair for cutaneous medicine and dermatological research at UCLA and is a distinguished professor of medicine and of microbiology, immunology and molecular genetics.

"Vitamin D insufficiency has been associated with a number of infectious and autoimmune diseases, cardiovascular disease and cancers," Modlin added. "Our study indicates that micro-RNAs can alter human vitamin D responses and contribute to disease pathology."

Dr. Barry Bloom of Harvard University, who was not an author of this study but is part of the research team studying this field, agreed.

"Such a novel approach may be especially worth exploring in treatment of drug-resistant pathogens such as some forms of tuberculosis, where antimicrobial therapy is becoming increasingly problematic," Bloom said.

###

University of California - Los Angeles Health Sciences: http://www.uclahealth.org/

Thanks to University of California - Los Angeles Health Sciences for this article.

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

This press release has been viewed 23 time(s).

Source: http://www.labspaces.net/117167/Stealthy_leprosy_pathogen_evades_critical_vitamin_D_dependent_immune_response

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James Q. To The Rescue (Powerlineblog)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/193019116?client_source=feed&format=rss

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EU leaders to agree on permanent bailout fund (Reuters)

BRUSSELS (Reuters) ? EU leaders will sign off on a permanent rescue fund for the euro zone at a summit on Monday and are expected to agree on a balanced budget rule in national legislation, with unresolved problems in Greece casting a shadow on the discussions.

The summit - the 17th in two years as the EU battles to resolve its sovereign debt problems - is supposed to focus on creating jobs and growth, with leaders looking to shift the narrative away from politically unpopular budget austerity.

The summit is expected to announce that up to 20 billion euros ($26.4 billion) of unused funds from the EU's 2007-2013 budget will be redirected toward job creation, especially among the young, and will commit to freeing up bank lending to small- and medium-sized companies.

But discussions over the permanent rescue fund, a new 'fiscal treaty' and Greece will dominate the talks.

Negotiations between the Greek government and private bondholders over the restructuring of 200 billion euros of Greek debt made progress over the weekend, but are not expected to conclude before the summit begins at 9:00 a.m. EST.

Until there is a deal between Greece and its private bondholders, EU leaders cannot move forward with a second, 130 billion euro rescue program for Athens, which they originally agreed to at a summit last October.

Instead, they will sign a treaty creating the European Stability Mechanism (ESM), a 500-billion-euro permanent bailout fund that is due to become operational in July, a year earlier than first planned. And they are likely to agree the terms of a 'fiscal treaty' tightening budget rules for those that sign up.

PERMANENT RESCUE FUND

The ESM will replace the European Financial Stability Facility (EFSF), a temporary fund that has been used to bail out Ireland and Portugal and will help in the second Greek package.

Leaders hope the ESM will boost defenses against the debt crisis, but many - including Italian premier Mario Monti, IMF chief Christine Lagarde and U.S. Treasury Secretary Timothy Geithner - say it will only do so if its resources are combined with what remains in the EFSF, creating a super-fund of 750 billion euros ($1 trillion).

The International Monetary Fund says an agreement to increase the size of the euro zone 'firewall' will convince others to contribute more resources to the IMF, boosting its crisis-fighting abilities and improving market sentiment.

But Germany is opposed to such a step.

Chancellor Angela Merkel has said she will not discuss the issue of the ESM/EFSF's ceiling until leaders meet for their next summit in March. In the meantime, financial markets will continue to fret that there may not be sufficient rescue funds available to help the likes of Italy and Spain if they run into renewed debt funding problems.

"There are certainly signals that Germany is willing to consider it and it is rather geared toward March from the German side," a senior euro zone official said.

The sticking point is German public opinion which is tired of bailing out the euro zone's financially less prudent. Instead, Merkel wants to see the EU - except Britain, which has rejected any such move - sign up to the fiscal treaty, including a balanced budget rule written into constitutions. Once that is done, the discussion about a bigger rescue fund can take place.

After nearly three years of crisis, some economists believe the combination of tighter budget rules, a bigger bailout fund and a commitment to broader structural reforms to boost EU productivity could help the region weather the storm.

"The fiscal compact and the ESM will shape a better future," said Carsten Brzeski, a euro zone economist at ING.

"Combined with ongoing austerity measures and structural reforms in peripheral countries, and, of course, with a lot of ECB action, the euro zone could master this stage of the crisis."

Economists say the pivotal act in recent months was the European Central Bank's flooding of the banking sector with cheap three-year money, a measure it will repeat next month.

GREEK DEAL?

While EU leaders are managing to put together pieces of legislation and financial barriers that might help them stave off a repeat of the debt crisis, immediate concerns - especially over Greece and potentially Portugal - remain.

By far the most pressing worry is the seven-month-long negotiation over private sector involvement in the second Greek rescue package. A deal in the coming days may help restore investor confidence, although Greece will still struggle to reduce its debts to 120 percent of GDP by 2020 as planned.

"If there is a deal, the heads of state and government can endorse it, welcome it and say that now it is up to Greece to agree to and deliver on reforms to get the second financing package," the euro zone official said.

Negotiators believe they have until mid-February to strike a deal. Failure to do so by then would likely force Greece to miss a 14.5 billion euro repayment on its debt due in mid-March.

Even if Athens can strike a deal with private bondholders to accept a 50 percent writedown on the nominal value of their bonds, it may still not be enough to close Greece's funding gap.

The IMF has suggested it may be necessary for public sector holders of Greek bonds - including the ECB and national central banks in the euro zone - to write off some of their holdings in order to close the gap.

Such a move would not necessarily involve the ECB or national central banks incurring losses, they would just be expected to forego any profit on the bonds they have bought.

But German ECB board member Joerg Asmussen told Reuters there was no possibility of the ECB taking part in the private-sector restructuring of Greece's debt.

(Reporting By Jan Strupczewski, editing by Mike Peacock)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20120130/bs_nm/us_eu_summit

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Sunday, January 29, 2012

SUMO-snipping protein plays crucial role in T and B cell development

Saturday, January 28, 2012

When SUMO grips STAT5, a protein that activates genes, it blocks the healthy embryonic development of immune B cells and T cells unless its nemesis breaks the hold, a research team led by scientists at The University of Texas MD Anderson Cancer Center reports today in Molecular Cell.

"This research extends the activity of SUMO and the Sentrin/SUMO-specific protease 1 (SENP1) to the field of immunology, in particular the early lymphoid development of T and B cells," said the study's senior author, Edward T. H. Yeh, M.D., professor and chair of MD Anderson's Department of Cardiology.

SUMO proteins, also known as the small ubiquitin-like modifiers or Sentrin, attach to other proteins in cells to modify their function or to move them within a cell. SENP1 is one of a family of six proteins that snips SUMO off of SUMO-modified proteins. SUMOylation (SUMO modification) of proteins has been implicated in development of cancer, heart and neurodegenerative diseases, among others.

The team first analyzed the role of SENP1 in the development of lymphoids in mice and found it is heavily expressed in precursor cells, the early stages of B and T cell development.

Working with genetically modified mice they developed that lack SENP1 gene expression, Yeh and colleagues found the mouse embryos had severe defects in their T and B cells, white blood cell lymphocytes that identify and fight infection.

SUMO pins STAT5 in the nucleus

Subsequent experiments led them to STAT5, a transcription factor known to play critical roles in the development and function of immune cells. Transcription factors work in the cell nucleus, activating gene expression by connecting to a gene's promoter region.

"STAT5 works in a cycle, moving from the cytosol of a cell into the nucleus to activate genes and then back out to the cytosol," Yeh said. "We found that when STAT5 is SUMOylated in the nucleus it gets trapped there when there's no SENP1 to remove SUMO."

The team found that SUMO muscles in on two other signaling events that govern STAT5 activity - phosphorylation and acetylation.

SUMO inhibits STAT5 signaling

STAT5 is activated in the cell cytosol when the JAK tyrosine kinase attaches a phosphate group at a specific site on the STAT5 protein. This transformed STAT5 crosses the nuclear membrane into the nucleus to transcribe genes.

The team found that SUMO attaches to STAT5 close to its phosphorylation site and that cells lacking SENP1 have increased SUMOylation and decreased phosphorylation.

SUMOylation vs. acetylation

In addition to phosphorylation, acetylation of STAT5 has been shown to be essential for STAT5 to cross the nuclear membrane into the nucleus to enhance gene transcription. Yeh and colleagues found that SUMO competes directly with acetyl groups for the same binding site, inhibiting acetylation.

"Without SENP1 to remove SUMO, STAT5 can't be acetylated or phosphorylated and can't be recycled for use again," Yeh said. "We discovered that SENP1 controls lymphoid development through regulation of SUMOylation of STAT5."

Since Yeh's lab discovered SUMOylation in 1996, SUMO has been found to alter the function of thousands of proteins.

Yeh is hosting the 6th International Conference SUMO, Ubiquitin, UBL Proteins: Implications for Human Diseases Feb. 8-11 in the Dan L. Duncan Building at MD Anderson. Yeh organizes the meeting every other year.

"There used to be so little known about SUMO. Now, a protein is assumed to be SUMOylated until proved otherwise," Yeh said.

###

University of Texas M. D. Anderson Cancer Center: http://www.mdanderson.org

Thanks to University of Texas M. D. Anderson Cancer Center for this article.

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

This press release has been viewed 115 time(s).

Source: http://www.labspaces.net/117155/SUMO_snipping_protein_plays_crucial_role_in_T_and_B_cell_development

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Fireworks send Beijing air pollution soaring (AP)

BEIJING ? Clouds of smoke from Lunar New Year fireworks sent air pollution in Beijing soaring under a new more sensitive measurement system, reports said Sunday.

Readings of fine particulate matter called PM2.5 reached 1.593 milligrams per cubic meter on the Jan. 22 eve of the holiday, about 100 times worse than the amount considered good for 24-hour exposure, the city's environmental bureau said.

The reading drew wide publicity in the local media on Sunday. The popular Beijing Youth Daily praised the city government for taking a more critical look at air pollution, while urging residents to consider the environmental effects of setting off fireworks.

By noon on Sunday, as people headed back to work after the weeklong holiday, the level stood at a relatively good 0.039.

Concern has grown over air pollution from automobiles and other sources, prompting the city this month to begin announcing measurements of PM2.5 ? particles less than 2.5 micrometers in size. That's about 1/30th the width of an average human hair.

Because of their small size, the particles can lodge deeply in the lungs and are believed to pose the greatest risk to health.

Beijing is frequently cloaked in yellow haze, with buildings a couple of blocks away barely visible.

On particularly bad days, schools cancel outdoor activities due to the risk of respiratory problems and hospitals report increased numbers of people ? particularly the elderly ? seeking help because they're having trouble breathing. Long-term exposure can cause a range of illnesses, especially to the cardiovascular system.

The city previously only released readings of the coarser PM10 standard that often indicated pollution was "light," leading to accusations it was hiding the true extent of the problem.

The U.S. Embassy began independently monitoring PM2.5 from a device on its rooftop and releasing the results via Twitter. Some residents even tested the air in their neighborhoods and posted the results online.

Beijing is now releasing hourly readings of PM2.5 that are taken from a monitoring site about 4 miles (7 kilometers) west of central Tiananmen Square.

Source: http://us.rd.yahoo.com/dailynews/rss/environment/*http%3A//news.yahoo.com/s/ap/20120129/ap_on_re_as/as_china_air_quality

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What really happened prior to 'Snowball Earth'?

Friday, January 27, 2012

In a study published in the journal Geology, scientists at the University of Miami (UM) Rosenstiel School of Marine and Atmospheric Science suggest that the large changes in the carbon isotopic composition of carbonates which occurred prior to the major climatic event more than 500 million years ago, known as 'Snowball Earth,' are unrelated to worldwide glacial events.

"Our study suggests that the geochemical record documented in rocks prior to the Marinoan glaciation or 'Snowball Earth' are unrelated to the glaciation itself," said UM Rosenstiel professor Peter Swart, a co-author of the study. "Instead the changes in the carbon isotopic ratio are related to alteration by freshwater as sea level fell."

In order to better understand the environmental conditions prior to 'Snowball Earth', the research team analyzed geochemical signatures preserved in carbonate rock cores from similar climactic events that happened more recently ? two million years ago ? during the Pliocene-Pleistocene period.

The team analyzed the ratio of the rare isotope of carbon (13C) to the more abundant carbon isotope (12C) from cores drilled in the Bahamas and the Enewetak Atoll in the Pacific Ocean. The geochemical patterns that were observed in these cores were nearly identical to the pattern seen prior to the Marinoan glaciation, which suggests that the alteration of rocks by water, a process known as diagenesis, is the source of the changes seen during that time period.

Prior to this study, scientists theorized that large changes in the cycling of carbon between the organic and inorganic reservoirs occurred in the atmosphere and oceans, setting the stage for the global glacial event known as 'Snowball Earth'.

"It is widely accepted that changes in the carbon isotopic ratio during the Pliocene-Pleistocene time are the result of alteration of rocks by freshwater," said Swart. "We believe this is also what occurred during the Neoproterozoic. Instead of being related to massive and complicated changes in the carbon cycle, the variations seen in the Neoproterozoic can be explained by simple process which we understand very well."

Scientists acknowledge that multiple sea level fluctuations occurred during the Pliocene-Pleistocene glaciations resulting from water being locked up in glaciers. Similar sea-level changes during the Neoproterozoic caused the variations in the global carbon isotopic signal preserved in the older rocks, not a change in the distribution of carbon as had been widely postulated.

###

University of Miami Rosenstiel School of Marine & Atmospheric Science: http://www.rsmas.miami.edu

Thanks to University of Miami Rosenstiel School of Marine & Atmospheric Science for this article.

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

This press release has been viewed 85 time(s).

Source: http://www.labspaces.net/117150/What_really_happened_prior_to__Snowball_Earth__

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How Fastenal Is Vending a Success Story (The Motley Fool)

Industrial and construction materials supplier Fastenal (Nasdaq: FAST - News) has significantly upped its market presence lately with the expansion of its industrial vending machines -- dubbed a "one-stop shop" to replenish supplies.

Although a two-year-old concept, the whole idea seems to have significantly picked up speed over the past ten months, as these machines doubled their contribution to Fastenal's fiscal 2011 sales to 16% as compared to year before.

A really good idea
Why would you go to a store and stand in the queue just to buy nuts and bolts or cutting tools when you could have a mini-shop in your very own workplace? That's exactly the question Fastenal's been trying to raise through its vending machine concept.

These machines, which stock items ranging from metal cutters and grinding disks to first-aid kits and gloves, are becoming popular with diverse industrial customers including manufacturing plants, energy providers, and construction contractors.

Customers seem to have taken a liking to this idea as it saves time and money, making inventory replenishment much more convenient. Automatic billing saves administrative and processing time too, while inventory levels are monitored by Internet-based software, which alerts Fastenal when supplies reach a certain low level. The restocking is done through a local store.

By the end of 2011, a total of 7,500 machines had been installed at customer locations, up from 1,925 machines just a year earlier. In fact, Fastenal's base of installed machines increased by an impressive 32% in the recent fourth quarter as compared to the third.

A smart way to save costs
The vending machines are fast reducing Fastenal's need to open new stores to drive sales, thus saving on costs. In the recent past, the company has been increasing its store count by 14% each year. However, thanks to the vending machine expansions, the company need to add just 5% more, 122 new stores, in 2011. It is almost like Fastenal is opening small stores in client locations themselves.

As a matter of fact, analyst Ryan Merkel from William Blair & Co. believes the introduction of these vending machines could be the largest "land-grab opportunity" in distribution of industrial supplies in the past 20 years. The implementation of this strategy is certainly helping to keep Fastenal one step ahead of industry competitors such as W.W. Grainger (NYSE: GWW - News), which posted revenue growth of only 3.8% over the past three years.

Fastenal's fast figures
The company plans to install 10,000 vending machines each year over the next few years, and it definitely seems capable of doing so. This debt-free company has an impressive unlevered free cash flow of $138 million in addition to their encouraging recent performance.

In every quarter of 2011, Fastenal saw over 20% revenue growth. The company's earnings per share also met Street expectations all throughout the year. And in the latest quarter, Fastenal's profits increased by 34%, to $87.5 million, compared to last year.

Future proof
Fastenal's management plans to promote these machines aggressively in the future using selling incentives and new software, which could be more cost effective for end users. Overall, I'm feeling good about Fastenal's future.

To keep an eye on this stock, click here to add it to your Watchlist. It's free!

Source: http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http%3A//news.yahoo.com/s/fool/20120127/bs_fool_fool/rx177251

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Magnitude 5.5 quake shakes Japan (AP)

TOKYO ? A magnitude-5.5 earthquake rattled Yamanashi prefecture in central Japan on Saturday morning, the Japan Meteorological Agency reported. There were no immediate reports of damage or injuries, and no tsunami warning was issued.

The temblor was some 20 kilometers (12 1/2 miles) deep and hit at 7:43 a.m. local time (2243 GMT Friday), the Japanese earthquake-reporting agency said.

Last year, a magnitude-9 quake on March 11 and subsequent tsunami about 140 miles (230 kilometers) northeast of Tokyo left nearly 20,000 people dead or missing.

Japan is one of the most earthquake-prone countries in the world.

Source: http://us.rd.yahoo.com/dailynews/rss/weather/*http%3A//news.yahoo.com/s/ap/20120127/ap_on_re_as/as_japan_earthquake

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Saturday, January 28, 2012

Joan Rivers Hits The Water Pipe On An All-New ?Joan and Melissa?

On Tuesday, January 31 episode of Joan and Melissa: Joan Knows Best? (9PM ET/PT), Melissa’s chaotic house is about to get a little too crowded when her boyfriend’s parents come for a visit. Joan shows the “in-laws” Hollywood as only Joan Rivers can – with a VIP tour of Madame Toussaud’s wax museum and an [...]

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Planet Earth poses for new high-res NASA 'Blue Marble' portrait

Suomi NPP is equipped to do far more than provide Earthlings with some stunning views of their home planet. Five instruments are traveling aboard the first-of-its-kind satellite, designed to improve both short-term weather forecasts and the overall understanding of long-term climate change.

NASA's newest Earth-watching satellite has sent back a breathtaking image of our "Blue Marble" that offers a taste of the orbiting observatory's vast capabilities.

Skip to next paragraph

The image release comes just a day after the satellite was given a new name: Suomi NPP, named for the late meteorologist Verner E. Suomi, a scientist hailed as the father of satellite meteorology.

Previously, the?satellite was known simply as NPP, an acronym for a mouthful: the National Polar-orbiting Operational Environmental Satellite System Preparatory Project.

The new name was announced Tuesday (Jan. 24), at the annual meeting of the American Meteorological Society in New Orleans.

Suomi NPP is equipped to do far more than provide Earthlings with some stunning views of their home planet. Five instruments are traveling aboard the first-of-its-kind satellite, designed to improve both short-term weather forecasts and the overall understanding of long-term climate change.

In addition, the technology aboard is designed to monitor natural disasters, from volcanic eruptionsto wildfires to floods.

The portrait above was compiled from images taken on multiple passes of the planet Jan. 4. It joins other spectacular images of our home planet, including the iconic one taken by the crew of Apollo 17 in 1972 ? one of the most widely distributed images in history ? and?views taken by retreating space probes?such as Voyagers 1 and 2.

NASA launched the satellite Oct. 28, 2011, from Vandenberg Air Force Base in California.

The mini-van-sized satellite is designed to operate through the end of 2016.

Source: http://rss.csmonitor.com/~r/feeds/science/~3/piGDi2WaopQ/Planet-Earth-poses-for-new-high-res-NASA-Blue-Marble-portrait

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'Runway' designers show good taste in challenge

David M. Russell / AETN

Jerell Scott and Mondo Guerra try to get in the mood for designing on "Project Runway All Stars."

By Liane Bonin Starr , HitFix.com

We're down to the last ten designers on "Project Runway All Stars," though I'm sure we're not down to our last wacky design challenge. It seems that each week the designers are put through the paces for our amusement, but with little opportunity to highlight their actual skills.

I guess making these guys show us how they can create evening gowns for Muppets or constructed from plastic knives or while wearing blindfolds makes things easier for the judges (she sent a model down the runway naked -- she's out!), I'm not sure it's determining who's the best designer. But then, I guess reality TV doesn't really care about that, anyway.?

This week's challenge is all about taste. Literally. They must create a tasteful outfit inspired by gelato.?

Michael nabs grapefruit.

Mondo picks cantaloupe.

Mila selects milk and sour cherries.

April chooses blueberry.

Jerell picks fruits of the forest.

Kenley grabs passionfruit.

Austin picks vanilla Madagascar.

Anthony selects green tea.

Rami wanted kiwi.

Kara gets chocolate with cayenne pepper. She feels like the little kid in the park whose ice cream fell off. Because she has to use chocolate brown? Boo-hoo! I'd rather get stuck with chocolate than kiwi, honestly. But go ahead and cry over your spilt ice cream, Kara.

Diane Von Furstenberg will be guest judging. Michael is about to pee himself he's SUCH a fan. I could do without the hyperventilating, Michael. We get it. You LOVE her.?And if seeing Diane in the flesh isn't enough to make Michael need a fresh pair of underwear, the revelation that the designers only have six hours to create a design should. Yet another challenge that just can't yield great results. What are we going to see? A bunch of shift dresses, muumuus and nighties?

Our poor designers don't even get a chance to go to Mood -- instead MiniMood is set up in their lounge. This means they also don't have access to everything they want. April can't find black jersey and has to re-imagine her whole outfit.

Michael thinks Mila's decision to work in red and white instead of black and white is really refreshing. Wow, I think that's pretty pathetic. She added a color to her design aesthetic! Call a medic!?

The designers work frantically until it's time for Joanna Coles to visit. She brings gelato to each designer in the flavor that's their inspiration. She asks Kara if she thinks she has it right. Wow, that's so not helpful. She asks April how she can have a fashion moment if she's working within her comfort zone. She has six hours! Hey, Joanna, instead of playing therapist, why not GIVE ADVICE? I have never missed Tim Gunn so much. Dump "The Revolution" and come back, Tim! We need you!

Read the full recap at HitFix.com.

Are you happy with the wacky design challenges, or should they better reflect the designers' abilities on "Project Runway All Stars"? Share your thoughts on our Facebook page.

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Source: http://theclicker.today.msnbc.msn.com/_news/2012/01/27/10250628-runway-designers-show-good-taste-with-gelato-inspired-challenge

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'Barefoot Bandit' sentenced to 6 1/2 years

A federal judge on Friday sentenced "Barefoot Bandit" Colton Harris-Moore to 6 1/2 years in prison for his infamous two-year, international crime spree of break-ins, and boat and plane thefts that ended in 2010.

Harris-Moore hopscotched his way across the United States, authorities said. He flew a plane stolen in northwestern Washington to the San Juan Islands, stole a pistol in British Columbia and took a plane from Idaho to Washington state, stole a boat in southwestern Washington to go to Oregon, and took a plane in Indiana and flew to the Bahamas, where was arrested.

He earned his nickname because he committed several of the crimes without wearing shoes.

Story: 'Barefoot Bandit' gets 7 years for crime spree

Harris-Moore apologized to his victims shortly before U.S. Judge Richard Jones imposed the sentence, which will be served concurrently with state prison time.

"I now know a crime that took place overnight will take years to recover from," the 20-year-old said in court.

He particularly apologized for stealing planes, saying his arrogance led him to keep alive his dream of flying.

"What I did could be called daring, but it is no stretch of the imagination to say that am lucky to be alive ... absolutely lucky," he said. "I should have died years ago."

Before Friday's sentencing, defense attorneys said federal prosecutors released cherry-picked excerpts from emails in an effort to make Harris-Moore appear callous and self-aggrandizing.

He called the Island County sheriff "king swine," called prosecutors "fools," and referred to reporters as "vermin." He also described his feats ? stealing and flying planes with no formal training ? "amazing" and said they were unmatched by anyone except the Wright brothers.

Story: 'Barefoot Bandit' emails ridicule law enforcement

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But Harris-Moore's lawyers claim the full emails show that he is sorry for what he did and thankful for the treatment he received from a state judge who called his case a "triumph of the human spirit." The state judge sentenced him last month to seven years, at the low end of the sentencing range.

The attorneys acknowledged that in certain instances he bragged, but they said those writings were simply the product of an impulsive adolescent and don't reflect his true remorse.

In court Friday, the judge asked Harris-Moore to speak to young people who may look up to him because of his exploits.

"I would say to younger people they should focus on their education, which is what I am doing right now," he said. "I want to start a company. I want to make a difference in this world, legally."

Federal prosecutors had asked for Jones to impose a 6-1/2 year sentence to be served while Harris-Moore serves his state time. His attorneys had asked for a federal sentence of just under six years.

There will be another hearing in a month to decide how much restitution Harris-Moore will be required to pay.

? 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://www.msnbc.msn.com/id/46166522/ns/us_news-crime_and_courts/

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Friday, January 27, 2012

Rep. Barney Frank to marry longtime partner (AP)

WASHINGTON ? Retiring Massachusetts congressman Barney Frank, a gay pioneer in Congress, plans to marry his longtime partner Jim Ready of Maine.

A spokesman for Frank confirmed Thursday that the congressman's wedding will be in Massachusetts, but said no date had been set.

The Democrat announced last fall that he was retiring at the end of his 16th term.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20120126/ap_on_el_ho/us_barney_frank_marriage

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Mayor unveils Lebanon's new tagline & logo

Sporting a Penn State football jersey in keeping with the event's halftime-party theme, Lebanon Mayor Sherry Capello stands before a screen showing the city s new logo and tagline Lebanon: The place to grow shortly after introducing them Wednesday night in HACC-Lebanon s multipurpose room. (John Latimer / Lebanon Daily News)

You won't find any reference to bologna in Lebanon's new catch phrase.

The city's new tagline - "Lebanon: The place to grow" - was announced Wednesday night by Mayor Sherry Capello.

The mayor's announcement was made in HACC-Lebanon's multipurpose room, which was decorated to reflect a Super Bowl halftime party theme. The room was filled with community leaders and invited guests, including many local elected officials.

In keeping with the sports-like atmosphere, the Lebanon High School cheerleaders lent their voices to the celebration, and many guests wore the jersey of their favorite team - including Capello, who sported a Penn State football jersey.

The tagline and logo - a red outline of the city's skyline above the word Lebanon - were the creations of a steering committee of about a dozen community volunteers who worked several months on the project, Capello explained.

The group formed its message by focusing on four of the city's best attributes - business, education, family life and community, the mayor said.

"Our tagline .... is not quite the big city flashy sort of tagline," Capello said. "However, it does reflect our vision statement and what you can get if you come to live in or visit Lebanon."

The tagline will not be part of a big marketing campaign, but it will be used to identify the city on places like its Website and letterhead, the mayor said.

The announcement of the tagline and logo were the finishing touches to a process that began a year ago when Capello invited community members to develop a vision for the city.

Four meetings were held at HACC during which the city's strengths and weaknesses were identified and discussed. A public survey was also conducted to gauge public sentiments.

The result was a lengthy vision statement, a portion of which identified Lebanon as a place with "a perfect blend of urban flair and rural character (with) a walkable urban center that embraces its historic charm and integrity while meeting the contemporary needs of a 21st Century economy."

While that process was guided by the Pennsylvania Downtown Center - a nonprofit organization with a track record of helping other cities develop revitalization strategies - Capello stressed that the tagline was a homegrown effort created and refined by Lebanon residents.

"We did what is right for us. What fits us," she said.

Capello gave credit to Jack Cantwell for coming up with the basic idea.

Owner of SkyLimit Marketing, Cantwell is a marketing specialist who has developed taglines and messaging for dozens of companies during a lengthy career.

After the celebration, Cantwell explained that good taglines need to have a positive message and be targeted towards the right audience - in the city's case, families and business owners.

"We built the line around grow, because it is a positive word and it is a reflection of the future, and positivity," Cantwell said. "We are a very solid, traditional community that sees the future as something special and positive. And we are happy to be here because this is the lifestyle we enjoy, and you can't find it anyplace else."

When campaigning for mayor in 2009, Capello promised to change the city's image and said creating a tagline was one way she would attempt to do it. Wednesday night, she said she was pleased with the results.

"If you want to elevate the standard of living of our residents and build our businesses, we must counter unproductive stereotypes about our city," Capello said. "We are going to change our image. We will promote the quality and benefits that are good to be associated with. Our tagline is credible, sustainable and matches the reality of our place."

johnlatimer@ldnews.com; 272-5611, ext. 149

Source: http://www.ldnews.com/ci_19822169?source=rss_viewed

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'Big Brother' vets, clowns join 20th 'Amazing Race'

Like a nasty cold sore, "Big Brother's" Rachel Reilly and Brendon Villegas just keeping coming back.

The oft-reviled reality romancers are competing again on the small screen as teammates on "The Amazing Race's" 20th season, CBS announced today.

Story: New 'Survivor' twist is revealed

Rachel, last season's "Big" winner, first met ? and hooked up with ? fianc?e Brendon as houseguests on the claustrophobic series' 12th installment. Their "Big Brother" showmance continued last summer alongside fellow vets Jordan Lloyd and Jeff Schroeder, who also competed on "The Amazing Race" (they were the sixth team eliminated on season 15).

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Do Brenchel stand a chance against the other 10 "Race" teams, or are they battling a bunch of clowns?

RELIVE RACHEL'S BIG MOMENT: "Big Brother" 13 Finale: Who Won and Who's All Wet?

Make that a couple of clowns ? two self-proclaimed "ambassadors of laughter" are among the globe-trotters whose stops will include Paraguay, Azerbaijan and Tanzania. In all the racers will visit five continents, 22 cities and nearly 40,000 miles.

Emmy-winning executive producer Bertram van Munster told us the route "is so off the wall and so crazy that it almost killed us. It's really very original ? the whole ensemble, the cast and the route and the challenges are really unique, it's probably one of the best (seasons) we've ever done ? and very competitive."

Because they all have the drive to win, van Munster revealed we won't see season 20's sharing clues and answers that all but destroyed the competitive spirit in recent seasons. "These guys are not doing it (sharing information) this season," he assured us. "They get the drift. Sometimes it happens, but at the end of the day they have to all screw each other, if they want the million bucks."

Here are the 11 teams competing for that million-dollar prize:

MORE: Meet the new cast of "Survivor: One World"!

Brendon Villegas, 31; Westwood, Calif.; Ph.D. student; Rachel Reilly, 27; Westwood, Calif.; event hostess (engaged) Dave Gregg, 44; New Port Richey, Fla.; "Ambassador of; Laughter"; Cherie Gregg, 44; New Port Richey, Fla.; "Ambassador of Laughter" (married clowns) Art Velez, 43; Temecula, Calif.; border patrol agent; J.J. Carrell, 42; Carlsbad, Calif.; border patrol agent (friends) Nary Ebeid, 32; Los Angeles; federal agent; Jamie Graetz, 33; Los Angeles; federal agent (friends) Vanessa Macias, 31; San Antonio; freelance writer; Ralph Kelley, 36; San Antonio; bar owner (dating divorcees) Misa Tanaka, 27; San Diego; car buyer; Maiya Tanaka, 25; San Diego; professional golfer (sisters) Dave Brown Jr., 33; Madison, Wis.; U.S. Army Officer; Rachel Brown, 30; Madison, Wis.; project manager (married) William "Bopper" Minton, 41; Manchester, KY.; motorcycle mechanic; Mark Jackson, 45; Manchester, Ky.; former state inspector (best friends) Joey "Fitness" Lasalla, 29; Whitestone, N.Y.; trainer/supplement; company owner; Danny Horal, 27; Holbrook, N.Y.; nightclub promoter (friends) Elliot Weber, 28; Scottsdale, Ariz.; musician; Andrew Weber, 28; Menlo Park, Calif.; professional soccer player (twins) Kerri Paul, 30; Gulfport, Miss.; program coordinator; Stacy Bowers, 30; Gulfport, Miss.; self-employed/"basketball" wife (cousins)

AMAZING RACE SEASON 20 PHOTOS: Check out Brenchel's competition!

"The Amazing Race's" 20th season premieres Sunday, Feb. 19 at 8 p.m. on CBS. What do you think of this season's cast ? and the controversial return of Rachel and Brendon?

? 2012 E! Entertainment Television, Inc. All Rights Reserved.

Source: http://today.msnbc.msn.com/id/46131061/ns/today-entertainment/

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Thursday, January 26, 2012

Skrillex, 12th Planet Play To Sold-Out L.A. Crowd

Skrill's high-energy gig with Diplo was part of six-show EDM series in Los Angeles.
By Lara Kathleen Kelley


Skrillex and 12th Planet perform in Los Angeles
Photo: Michelle Oglakhchyan

It's officially Skrillex week in Los Angeles, where MTV's EDM Artist of the Year just finished his second gig in a series of six back-to-back shows, each spotlighting diverse talent in the now-reigning dubstep scene. Wednesday night's gig at CYP2, a popular bi-weekly indie dance music event, featured Skrillex performing a back-to-back set with 12th Planet, Diplo and U.K. producer Caspa for a jam-packed crowd at the Echoplex.

"The show sold out in under 20 minutes," said Danny Johnson, co-producer of CYP2. "Skrillex and 12th Planet are best buds, Caspa is a dubstep don and Diplo has championed these artists from day one, so the lineup made perfect sense and the fans went crazy for it."

As soon as the doors opened, partygoers piled in, energy high and anticipation permeating the air. Music pumped from the speakers by DJ Franki Chan, owner of the IHeartComix label and CYP2 co-producer. Then DJ/producer Diplo lit up the crowd with bass-heavy beats and hard-core hip-hop tracks. But it wasn't until Skrillex took the stage with 12th Planet that the fans went crazy and began screaming, chanting and moshing for the dubstep duo.

Skrillex pumped up the fans and held them at his fingertips with tracks like "Breakin' a Sweat" and "Right on Time." The set included all of their popular singles as well as remixes of Avicii's "Levels," La Roux's "In for the Kill" and Rusko's "Hold On." Their two-and-a-half-hour set kept the crowd on their feet and begging for more bass until the lights came on.

12th Planet, born John Dadzie, had nothing but great things to say about the five-time Grammy-nominated artist formerly known as Sonny Moore.

"Skrillex and I met at Ultra Music Festival a few years ago and have been good friends ever since," he said. "We started doing collaborations together, and he would sing vocals during my sets. Since then, Skrillex has become a beast, and now when I get the opportunity to work with him, I learn as much as I possibly can."

12th Planet, recently deemed "U.S. dubstep godfather" by dance-music magazine Mixmag, spent much of 2011 on tour with Skrillex. "Performing with Skrillex reminds me of how much fun it is to tag-team DJ with one of your good friends. I love the chemistry that comes together when I play with Skrillex ... we can pretty much connect by E.S.P. during our sets."

Just this month, 12th Planet released his five-track free-for-download The End Is Near. It will be complemented by a 28-city North American tour that kicks off on February 2 in Miami, Florida.

The weeklong Skrillex takeover continues with a show Thursday (January 26) night at the Exchange in Downtown L.A. followed by massive gigs at the Avalon in Hollywood Friday night, the Palladium on Saturday and L.A. Live on Sunday. Next week he heads to New York for a series of dates, kicking off at Webster Hall on Tuesday.

Are you planning on seeing Skrillex live? Let us know in the comments!

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Source: http://www.mtv.com/news/articles/1677941/skrillex-12th-planet-cyp2-los-angeles.jhtml

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From locksmith to limelight: Dujardin, star of 'The Artist,' adored in France

Jean Dujardin, who has already won a Golden Globe for his role in 'The Artist' and is nominated for an Oscar, has endeared himself ? particularly his eyebrows ? to the French.

Move over G?rard Depardieu. France has a new face on the global silver screen.

Skip to next paragraph

Jean Dujardin, who manages to be both suave and folksy ? in a French sort of way ? is a 2012 "Best Actor" Oscar nominee for his role in ?The Artist,? a black and white ?silent? throwback to the 1920s, with swing-era jazz and plenty of playful nostalgia.

Mr. Dujardin, unknown abroad until now, is loved in France as an unsnobby comic who rose from a working class Paris suburb, a one-time locksmith who was told his face was too rotund for the camera.

?I adore him ?he is a born clown,? says Christine Bertholts, a legal secretary in Paris, in a typical comment. ?And those eyebrows!???

While France has produced several female Oscar winners, Dujardin, will be the first French male to take home the prize?if he gets the nod on Feb. 26.?

Dujardin plays George Valentin, a silent star with a pencil-thin moustache who can?t or won?t make the transition to talkies and goes into a funk, but is saved by his adorable dog and a woman he generously helps when he?s riding high.

The French actor learned to tap dance for the part, and says his favorite American actor is Paul Newman. He is up against George Clooney, Brad Pitt, Demian Bichir, and Gary Oldman for the Oscar. ?

The Artist is nominated for 10 Oscars, including Best Picture. It just won three Golden Globe awards ? including best actor in a comedy for?Dujardin ? throwing film-crazy France into a small state of euphoria.?In interviews after the ceremony, French radio hosts had fun with an Anglo version of Dujardin?s last name, asking if they were speaking with ?Jean of the Garden.?

"When I started [as an actor],? Dujardin said after winning the Golden Globe, ?An agent told me, ?You won?t make films, your face is too expressive??It's not my fault,? I told him, ?My eyebrows act independently!?"

France's main Hollywood presence for years has been Mr. Depardiu, who earned a 1990 Academy Award nomination for Green Card, but did not win. Le Point, a French news magazine, said of Dujardin, ?He may even de-throne Depardieu in the Anglo-Saxon heart.?

"We thought it would be a film for festivals, a film that critics could like, but we weren?t counting on this!" French daily Figaro quoted director Michel Hazanavicius saying about its commercial and critical success.

It's a good thing "The Artist" is a silent film. Dujardin speaks little English and says he?s not preparing for work outside of France.

Source: http://rss.csmonitor.com/~r/csmonitor/globalnews/~3/q8JnXu6TVlU/From-locksmith-to-limelight-Dujardin-star-of-The-Artist-adored-in-France

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?What Can We Get Away With?? (Theagitator)

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

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Oil above $100 as Fed vows to keep key rate low (AP)

BANGKOK ? Oil rose above $100 a barrel Thursday in Asia after the U.S. Federal Reserve said it would keep interest rates at record lows at least until 2014 to help jump-start the world's biggest economy.

Benchmark crude for March delivery was up 71 cents at $100.11 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose by 45 cents to finish at $99.40 per barrel in New York on Wednesday. At one point it was as high as $100.40.

Brent crude for March delivery was up 88 cents at $110.69 a barrel on the ICE Futures Exchange in London.

The U.S. central bank, which has kept its benchmark interest rate near zero for three years, said Wednesday that it doesn't plan to raise the rate before late 2014.

That caused the dollar to turn lower against major currencies, which makes dollar-priced oil less expensive for holders of other currencies.

"That would mean the U.S. dollar would continue to be cheap versus other currencies, and there is typically an inverse correlation between the value of the dollar and commodity pricing," said Victor Shum, an energy analyst at consultancy Purvin & Gertz in Singapore.

"So oil prices are supported by the Federal Reserve statement," he said.

But other analysts saw room for oil prices to fall.

Leaving rates low would encourage businesses and consumers to borrow money cheaply, boosting the economy and leading to higher oil demand. But the Fed also "telegraphed its concern regarding U.S. economic growth ... which is intuitively bearish for oil," said energy trader and consultant The Schork Group.

In other Nymex trading, heating oil rose 2.8 cents to $3.04 per gallon and gasoline futures gained 1.7 cents at $2.86 per gallon. Natural gas advanced 2.4 cents to $2.75 per 1,000 cubic feet.

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20120126/ap_on_bi_ge/oil_prices

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Wednesday, January 25, 2012

Photo from NASA Mars orbiter shows wind's handiwork

ScienceDaily (Jan. 25, 2012) ? Some images of stark Martian landscapes provide visual appeal beyond their science value, including a recent scene of wind-sculpted features from the High Resolution Imaging Science Experiment (HiRISE) camera on NASA's Mars Reconnaissance Orbiter.

The scene shows dunes and sand ripples of various shapes and sizes inside an impact crater in the Noachis Terra region of southern Mars. Patterns of dune erosion and deposition provide insight into the sedimentary history of the area.

The Mars Reconnaissance Orbiter has been examining Mars with six science instruments since 2006. Now in an extended mission, the orbiter continues to provide insights about the planet's ancient environments and about how processes such as wind, meteorite impacts and seasonal frosts are continuing to affect the Martian surface today. This mission has returned more data about Mars than all other orbital and surface missions combined.

More than 20,600 images taken by HiRISE are available for viewing on the instrument team's website: http://hirise.lpl.arizona.edu. Each observation by this telescopic camera covers several square miles, or square kilometers, and can reveal features as small as a desk.

HiRISE is operated by the University of Arizona, Tucson. The instrument was built by Ball Aerospace & Technologies Corp., Boulder, Colo. The Mars Reconnaissance Orbiter project is managed by the Jet Propulsion Laboratory, Pasadena, Calif., for NASA's Science Mission Directorate, Washington. JPL is a division of the California Institute of Technology, also in Pasadena. Lockheed Martin Space Systems, Denver, built the spacecraft.

For more information about the Mars Reconnaissance Orbiter, see www.nasa.gov/mro.

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Source: http://www.sciencedaily.com/releases/2012/01/120125160623.htm

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Video: Cantor on Jobs Bill & Obama Criticism

Rep. Eric Cantor, (R-VA), and House majority leader, discusses taxes, jobs, the federal budget, and the Washington blame game, ahead of President Obama's State of the Union speech.

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Source: http://video.msnbc.msn.com/cnbc/46123525/

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