Wednesday, October 9, 2013

Canada?s spy agency says it meets with energy firms to discuss security threats

OTTAWA ? The chief of the Communications Security Establishment Canada, the agency behind alleged industrial espionage against Brazil, insists all of its activities are legal, as details emerged Wednesday that CSEC has participated in private meetings between Canadian security agencies and energy companies.

Terence Corcoran: Canada?s Brazilian spy machine makes little sense, but somebody should explain it

Is the department of defence using its bureaucrats to hunt down commercial information ? at a time when the world is awash in terror and other genuine security threats? That seems highly unlikely

Continue reading.

Canadian Energy corporations acknowledged Wednesday they do, indeed, meet with security officials from CSEC and other departments, but said these are only to identify security threats and find ways to develop counter-measures to protect their operations.

Citing documents obtained under access to information laws, The Guardian newspaper in London reports federal government ministries, spy agencies ? including CSEC ? the RCMP and representatives from several energy companies, who were granted high-level security clearance, have met twice a year since 2005.

The federal meetings with energy industry officials were to discuss ?threats? to energy infrastructure and ?challenges to energy projects from environmental groups,? as well as ?cyber-security initiatives and ?economic and corporate espionage.?

The heavily redacted documents do not indicate that any international spying intelligence was shared by CSEC officials at the ?off the record? meetings, according to the newspaper.

The most recent meeting of officials was in May 2013 to discuss ?security of energy resources development.? The meeting included meals sponsored by Canadian pipeline company Enbridge, The Guardian reports.

CSEC chief John Forster, speaking Wednesday at a government technology conference in Ottawa, said ?everything (CSEC) does in terms of its foreign intelligence mandate follows Canadian law,? and that it does not target Canadians at home or abroad.

Earlier this week, Brazil?s Globo Television ? based on documents leaked by former U.S. National Security Agency contractor Edward Snowden ? said CSEC targeted the metadata of phone calls and emails to and from the Brazilian ministry of mines and energy. Metadata is information that can identify whom individuals are contacting, when and from where, in an effort to discover patterns of communication, but does not include the content of those communications. The report infuriated the Brazilian government, and Prime Minister Stephen Harper has said he is ?very concerned? about it.

Forster acknowledged Canadian security agencies meet with the Canadian private sector on cyber-security trends and help protect what the government deems critical infrastructure.

CSEC has its own cyber-threat evaluation centre, which then shares information with government departments such as Public Safety Canada. That information is shared with the private sector to protect critical infrastructure, he said.

Forster said CSEC, which collects signals intelligence from phone calls and emails, leverages information from the ?Five Eyes? partnership of intelligence agencies from Canada, the United States, United Kingdom, Australia and New Zealand.

The agency also works with industry to make communications networks more secure for when they are considered for government use, he added.

?We actively share information on evolving cyber-threats and tap into that vast pool of knowledge and then help make it available to you,? he said.

Officials from the energy and utilities industry meet fairly regularly with federal agencies and departments to discuss cyber-security and critical infrastructure such as pipelines.

A spokesman for Enbridge said the company and others in the energy and utilities sector, at the request of Natural Resources Canada, typically pay for a portion of receptions, meals and coffee breaks associated with security briefings provided to industry officials.

The latest meeting this year was on May 23 at Canadian Security Intelligence Service headquarters in Ottawa, although Enbridge officials were unable to attend.

?The purpose of the briefings is to provide a timely and relevant summary of current security issues that may have an impact on Canada?s critical infrastructure,? said Enbridge spokesman Graham White.

?The information discussed is intended to make the energy and utilities industries aware of potential security threats and enable industry to make informed decisions regarding the implementation of appropriate security threat mitigation countermeasures, in an effort to protect critical Canadian energy and utility operations.?

Along with its role as one of Canada?s spy agencies, CSEC is responsible for protecting government information systems from cyber-threats.

Speaking about the Brazilian reporters, NDP Leader Tom Mulcair said ?the evidence is quite clear? that CSEC is complicit in industrial espionage.

?It?s totally unacceptable,? Mulcair told reporters Wednesday. ?We?re talking about the type of behaviour that we reproach other countries, often countries that have no rule of law.?

Canada?s auditor general, in his fall 2012 report, highlighted how federal departments lost track of $980 million in approved spending that was meant for cyber-security over the previous decade. Nor were there any benchmarks to determine whether the money spent was having its intended effect.

A section of the auditor general?s chapter on cyber-security was on ?partnering to protect critical infrastructure,? and explains how federal departments and agencies work with the private sector to protect operations from cyber-threats.

?Significant numbers of stakeholders are involved. Federal government departments, provinces, territories, the private sector and international partners all need to agree on how to protect Canada?s critical infrastructure,? the report noted.

?We found that the energy and utilities sector network, managed through Natural Resources Canada, meets regularly and has active participation from all stakeholders.?

Postmedia News, jfekete@postmedia.com

Twitter.com/jasonfekete

Source: http://feedproxy.google.com/~r/FP_TopStories/~3/Erm1h75dWl4/

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Zepp Labs Unveils New Sensor-Based Sports Platform to Track your Swing- Baseball, Golf and Tennis

zepp baseballZepp Labs, a leader in motion capture technology and mobile sports applications, announced that is has created the world?s first multi-sport sensor and the first three apps on the new Zepp Sports Platform: Zepp Baseball, Zepp Golf and Zepp Tennis.

?For the first time in history, players and coaches can now capture and analyze 3D swing data on their smartphone or tablet and discover ways to improve their game,? said Jason Fass, chief executive officer of Zepp Labs. ?We see a tremendous opportunity to improve the way we practice, play and experience sports by providing meaningful and actionable data in a beautiful design with an easy-to-use interface.?

Zepp Sensor
The Zepp 3D motion sensor was designed with the athlete in mind. It is extremely small, about 1-inch square, less than half an inch thick and weighs just 6.3 grams, so it never impedes the athlete?s performance. Constructed of a rugged rubber exterior and shock-resistant core, the sensor is also extremely durable to withstand all types of abuse on the baseball field, golf course and tennis court.

Each sensor contains a powerful ARM processor, multiple motion sensors, storage for up to 200,000 swings (200,000 tennis swings / 2,000 baseball and golf swings) and up to 8 hours of battery life (varies by use). Using innovative sport-specific mounts, the Zepp sensor attaches easily to any baseball or softball bat, tennis racket or golf glove. It captures 1,000 data points per second and transfers all of this data to a user?s smartphone or tablet via Bluetooth.

Zepp Baseball
Zepp Baseball is a training system (motion sensor + bat mount + mobile app) that helps you analyze and improve your swing. Just attach the Zepp 3D motion sensor to the handle of any baseball or softball bat and swing away to get instant data and feedback and on your iPhone, iPad or Android device. The sensor wirelessly sends data to your mobile device via Bluetooth after every swing. For the first time in the history of baseball, players and coaches can now review swings in 3D and rotate around them in 360?, measure important aspects of each swing like bat speed and bat angle at impact, track progress and trends over time, compare swings to pros and friends, and get personalized tips, drills and coaching.

Zepp Golf
Zepp Golf is the evolution of Zepp Labs? award-winning first product, GolfSense, the world?s first 3D golf swing analyzer system for your smartphone and tablet. Zepp Golf is a training system (motion sensor + glove mount + mobile app) that helps analyze and improve your golf swing. Just attach the Zepp 3D motion sensor to the back of your golf glove and swing away to get instant data and feedback and on your iPhone, iPad or Android device. The sensor wirelessly sends data to your mobile device via Bluetooth after every swing. Golfers and professional instructors can review swings in 3D and rotate around them in 360?, measure important aspects of each swing like club head speed, tempo, club plane, hand path, backswing position and hip rotation, track progress and trends over time, compare swing to pros and friends and get personalized tips, drills and coaching.

Zepp Tennis
Zepp Tennis is a training system (motion sensor + racket mount + mobile app) that helps you analyze and improve your swing. Just attach the Zepp 3D motion sensor to the handle of any tennis racket and swing away to get instant data and feedback and on your iPhone, iPad or Android device. The sensor captures and stores your swing data and then wirelessly sends that data to your mobile device via Bluetooth. For the first time in the history of tennis, players and coaches can now get in-depth analysis of their matches and practices sessions, track important aspects of their game like shot type mix (serve, forehand, backhand, smash), power and spin (topspin, slice, flat), compare data to pros and friends and get personalized tips, drills and coaching.

Zepp Baseball, Zepp Golf and Zepp Tennis will be available for purchase at zepp.com and select retail outlets in November for a suggested retail price of $149.99.

Source: http://feedproxy.google.com/~r/appmodo/~3/aCv2LkZKd7s/

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NYPD cop arrested in motorcycle-SUV assault case

NEW YORK (AP) ? An undercover detective who investigators said was off duty when he was recorded on video pounding on an SUV as a biker rally spiraled into violence was arrested late Tuesday.

Wojciech Braszczok surrendered to face riot and criminal mischief charges, New York Police Department spokesman John McCarthy said.

Braszczok was expected to make a court appearance Wednesday. There was no response to phone messages left with his attorney.

The attorney, Phil Karasyk, had said Monday that the detective, a 10-year veteran of the police force, had only witnessed other bikers attacking the vehicle. But investigators discovered video evidence showing him punching an already damaged back window, then twice kicking the side of the SUV before leaving the scene, according to two people familiar with the case. The people weren't authorized to discuss the inquiry and spoke to The Associated Press on the condition of anonymity.

The arrest added to the complexities of the Sept. 29 episode, which authorities say began with a reckless motorcycle group ride on a Manhattan highway and ended with one motorcyclist run over and the driver dragged from his SUV and beaten on a street.

Six people have been arrested. Four bikers have been criminally charged.

On Tuesday night, police arrested Clint Caldwell on gang assault and other charges. It was unclear if he had a lawyer, and there was no phone listed for him at his Brooklyn address.

The Manhattan district attorney's office said prosecutors and police were "methodically scrutinizing the evidence to build the strongest possible cases."

NYPD internal affairs investigators had initially been looking into the undercover detective's conduct because he didn't report until three days later that he had been at the rally. The expectation that police officers will act if they see crimes isn't the same for undercover officers.

The encounter, captured partly on a helmet-mounted video that was posted online, began when about two dozen riders slowed down, swarming the Range Rover after it bumped a biker on the West Side Highway. Some riders dismounted and approached the SUV, and police said some bikers began damaging it.

The SUV's driver, Alexian Lien, took off, running over motorcyclist Edwin "Jay" Mieses Jr., who's from Lawrence, Mass. The impact broke Mieses' legs and caused spinal injuries that may leave him paralyzed.

Lien's wife has said he feared for their lives and the safety of their 2-year-old daughter and had no choice but to flee; Lien hasn't been charged with any crime.

The bikers pursued the SUV, which exited the highway and got stuck in street traffic. One biker used his helmet to shatter the driver's window, and others pulled Lien out and beat and kicked him, police and prosecutors said. Lien needed stitches.

One motorcyclist charged in the case, Craig Wright, punched Lien through the broken window and joined in stomping him on the street, prosecutors said.

Wright's lawyer, Mitchell Elman, cautioned against any "rush to judgment" in the highly scrutinized case and said Wright has "every right to fight these charges."

According to the undercover detective's account, he saw motorcyclists attacking the SUV but didn't see anyone harm Lien, Karasyk said Monday. The detective also didn't see the SUV hit Mieses, the attorney said.

Carrying no badge or gun, and aware of cases in which officers had been suspended or dismissed for blowing their covers, "he had no other option, so he drove away," said Karasyk, who works with the detectives' union.

Source: http://news.yahoo.com/nypd-cop-arrested-motorcycle-suv-assault-case-232257946.html

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Friday, October 4, 2013

Tiny 'lifelogging' camera Memoto finally launching ? with new name

Technology

Oct. 3, 2013 at 3:46 PM ET

Narrative

Narrative

The Narrative Clip, formerly Memoto.

You might remember a major success on Kickstarter late last year by the name of Memoto ? a tiny, wearable camera that automatically captures pictures, locations, and other data all day, every day, giving you a searchable record of your life. Almost a year after being funded, the device is?finally launching, but it's had to ditch the name due to trademark issues.

Henceforth, Memoto will be known as Narrative, and the Memoto device is now the Narrative Clip. Other than that, the device is still as promised: one of the smallest self-contained camera devices in the world, and ready to record everything you do ? one picture every 30 seconds, forever.

Of course, the first question is, "Why would someone want to capture mediocre 5-megapixel images of their banal existence?"

We've seen in the reception of Google Glass that people are, for some reason or another, attracted to the idea of carrying an always-on device, whether it's recording, replaying, looking up news, or all three. But not everyone wants that device to be a dorky-looking headset, one that's permanently tethered to a corporation which already knows a creepy amount about your life.

Enter this little guy. With its understated design and tiny size, you could wear it on your shirt pocket, attached to a buttonhole, or anywhere else, and no one would even notice it, much less be wary of it. So you could go about your days as normal, and when you want to remember where you went to lunch on Tuesday, or what station you got off at to go to the park, or who was at the 10 a.m. meeting, you just check through the photos on your smartphone.

Narra

Narrative

The Narrative Clip, while small, isn't exactly microscopic.

Aiming for $50,000 to pursue the creation of the device, the project received more than 10 times that on Kickstarter ? but a planned "early 2013" launch was continually delayed. Thursday, however, the company announced not only its name change and $3 million in funding, but that it would be sending its first units out to customers in November.

How well the devices will work and how useful they will be, no one will know until they are actually in users' hands, but if the idea strikes your fancy, you can preorder one now for $279.

Devin Coldewey is a contributing writer for NBC News Digital. His personal website is coldewey.cc.

Source: http://feeds.nbcnews.com/c/35002/f/663301/s/320645f3/sc/23/l/0L0Snbcnews0N0Ctechnology0Ctiny0Elifelogging0Ecamera0Ememoto0Efinally0Elaunching0Enew0Ename0E8C11329867/story01.htm

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WildCat, a Terrifying New Robot Feline, is on the Prowl

Boston Dynamics, the robotics company with a knack for making creepy biomimetic automatons like the pack-carrying BigDog and the bipedal Atlas, has unleashed new creation upon the world: WildCat.

WildCat is the next generation of the Cheetah, which is capable of hitting speeds of 29 mph, making it the fastest robot animal in the world. However, Cheetah was tethered and ran its paces on a treadmill. WildCat runs only 16 mph now, Boston Dynamics says, but it gallops free across different types of terrain. Check out the video to see it get into a smoking, buzzing fit and then tear about a parking lot.

Both headless mechanical felines were developed under the Defense Advanced Research Projects Agency?s (DARPA) Maximum Mobility and Manipulation program.

Source: http://www.popularmechanics.com/how-to/blog/wildcat-new-robot-feline-is-on-the-prowl-16001834?src=rss

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Essar Energy plans to sell Mombasa refinery stake to Kenya

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Source: in.reuters.com --- Thursday, October 03, 2013
NAIROBI (Reuters) - Essar Energy , which co-owns east Africa's sole refinery in the port city of Mombasa, said on Thursday it would sell its 50 percent stake to Kenya's government after abandoning plans for a $1.2 billion upgrade. ...

Source: http://feeds.reuters.com/~r/reuters/INbusinessNews/~3/TVOzb2V4ceo/story01.htm

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Monday, September 30, 2013

food: beef barley soup | eat. drink. fly.

[unable to retrieve full-text content]if there is one thing i know, its that my life is made easier by my ownership of the slow cooker and food processor. but to be honest, i really don't use either to their maximum capacity. i often find myself with a big pot simmering ...

Source: http://eat-drink-fly.com/2013/09/30/food-beef-barley-soup/

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Could Anybody Have Imagined A Black Man Becoming President? Actually, Lots Of People Imagined It.

For example, how often have you heard it said when Obama was elected, "Nobody could ever have imagined a black man becoming President!"? On the other hand, I can recall lots of paperback copies sitting around when I was a kid of Irving Wallace's 1964 bestseller The Man about a first black President. Wallace was a non-literary, meat and potatoes novelist who liked researching facts and writing about interesting topics. The Man was made into a movie in 1972 starring James Earl Jones.

For this and other reasons, a black President always seemed highly imaginable to me.

On the other other hand, there are all sorts of emotional-related things about my past that I have only the vaguest recollection of. For example, from watching Steven Spielberg movies such as?Hook?I've learned?that there's nothing more emotionally crucial in one's life than whether or not your parents went to your Little League baseball games. But I don't actually remember feeling any strong emotions about my parents not attending my Little League baseball games other than thinking to myself "That seems reasonable" when they announced their policy on baseball: I couldn't join Little League because Little League parents are crazy, but I could play in the league at the park because it was more low key; but they'd never walk the block to the park to see my park league games because that would "put too much pressure on me."

So, I've always been interested in policy to a weird extent.

Source: http://feedproxy.google.com/~r/vdareblog/~3/26AnOgiSIPg/could-anybody-have-imagined-a-black-man-becoming-president-actually-lots-of-people-imagined-it

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Sunday, September 29, 2013

Jamie Dupree's Washington Insider: Weekend of work ahead for Congress

As expected, the Senate on Friday approved a stop gap budget plan from Democrats that dropped Republican efforts to block money for the Obama health law, as a deal to avoid a government shutdown remained elusive in the halls of Congress.

"I don't know of anyone who wants to shutdown the government," said Sen. Marco Rubio (R-FL). "All we want to do is shutdown Obamacare."

That basically boils down where we are at this point - a number of Republicans say they will settle for nothing less than a budget measure that attacks the Obama health law, while Democrats say there is no way they will accept that.

"To be absolutely clear - we are going to accept nothing that relates to Obamacare," said Senate Majority Leader Harry Reid, who urged House Republicans to simply accept the Democratic plan to fund the government at current levels through mid-November.

And that was echoed at the White House.

"I said this yesterday; let me repeat it:? That's not going to happen," the President said of efforts to undercut his health reform law.

So, what's next?

As the Senate voted 54-44 along party lines to approve what's referred to as the "CR" (Continuing Resolution), there was no answer on how Republicans in the House would respond - instead, lawmakers big and small on the GOP side simply said, "I don't know."

"I think the House will probably send something back," said Rep. Tom Cole (R-OK), referring to the idea that Republicans will amend the Senate version of the CR.

"What that will be, I don't know yet," Cole added, as rank and file Republicans waited to hear the strategy choices of their leadership.

"We're talking and thinking," said Rep. Harold Rogers (R-KY), the Chairman of the House Appropriations Committee.

"I have no idea," said Rep. Pat Tiberi (R-OH), a close ally of Speaker Boehner.

As the House took two quick votes on Friday morning, the Speaker could be seen moving around the Republican side of the House floor, speaking with different lawmakers in what seemed to be serious conversations.

One possibility was for the House to send back a stop gap budget bill with a rider that delays the Obama health law for a year, or maybe delays in the individual mandate.

While that might get through the House, it again faces rejection in the Senate.

"Let them look at the cold, hard facts and numbers on the floor of the Senate," said Sen. Dick Durbin (D-IL), arguing that Republicans are wasting time by pursuing another effort to block the health law.

So, the Congress faces a weekend of work. With no clear way forward. And a government shutdown looming on Monday night at midnight.

"Now the ball is in Speaker Boehner's court," said Sen. Charles Schumer (D-NY).

Stay tuned.

Source: http://www.krmg.com/weblogs/jamie-dupree/2013/sep/27/weekend-work-ahead-congress/

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Tuesday, January 29, 2013

Study finds significant microorganism populations in middle and upper troposphere

Study finds significant microorganism populations in middle and upper troposphere

Tuesday, January 29, 2013

In what is believed to be the first study of its kind, researchers used genomic techniques to document the presence of significant numbers of living microorganisms ? principally bacteria ? in the middle and upper troposphere, that section of the atmosphere approximately four to six miles above the Earth's surface.

Whether the microorganisms routinely inhabit this portion of the atmosphere ? perhaps living on carbon compounds also found there ? or whether they were simply lofted there from the Earth's surface isn't yet known. The finding is of interest to atmospheric scientists, because the microorganisms could play a role in forming ice that may impact weather and climate. Long-distance transport of the bacteria could also be of interest for disease transmission models.

The microorganisms were documented in air samples taken as part of NASA's Genesis and Rapid Intensification Processes (GRIP) program to study low- and high-altitude air masses associated with tropical storms. The sampling was done from a DC-8 aircraft over both land and ocean, including the Caribbean Sea and portions of the Atlantic Ocean. The sampling took place before, during and after two major tropical hurricanes ? Earl and Karl ? in 2010.

The research, which has been supported by NASA and the National Science Foundation, was scheduled to be published online January 28th by the journal Proceedings of the National Academy of Sciences.

"We did not expect to find so many microorganisms in the troposphere, which is considered a difficult environment for life," said Kostas Konstantinidis, an assistant professor in the School of Civil and Environmental Engineering at the Georgia Institute of Technology. "There seems to be quite a diversity of species, but not all bacteria make it into the upper troposphere."

Aboard the aircraft, a filter system designed by the research team collected particles ? including the microorganisms ? from outside air entering the aircraft's sampling probes. The filters were analyzed using genomic techniques including polymerase chain reaction (PCR) and gene sequencing, which allowed the researchers to detect the microorganisms and estimate their quantities without using conventional cell-culture techniques.

When the air masses studied originated over the ocean, the sampling found mostly marine bacteria. Air masses that originated over land had mostly terrestrial bacteria. The researchers also saw strong evidence that the hurricanes had a significant impact on the distribution and dynamics of microorganism populations.

The study showed that viable bacterial cells represented, on average, around 20 percent of the total particles detected in the size range of 0.25 to 1 microns in diameter. By at least one order of magnitude, bacteria outnumbered fungi in the samples, and the researchers detected 17 different bacteria taxa ? including some that are capable of metabolizing the carbon compounds that are ubiquitous in the atmosphere ? such as oxalic acid.

The microorganisms could have a previously-unidentified impact on cloud formation by supplementing (or replacing) the abiotic particles that normally serve as nuclei for forming ice crystals, said Athanasios Nenes, a professor in the Georgia Tech School of Earth and Atmospheric Sciences and School of Chemical and Biomolecular Engineering.

"In the absence of dust or other materials that could provide a good nucleus for ice formation, just having a small number of these microorganisms around could facilitate the formation of ice at these altitudes and attract surrounding moisture," Nenes said. "If they are the right size for forming ice, they could affect the clouds around them."

The microorganisms likely reach the troposphere through the same processes that launch dust and sea salt skyward. "When sea spray is generated, it can carry bacteria because there are a lot of bacteria and organic materials on the surface of the ocean," Nenes said.

The research brought together microbiologists, atmospheric modelers and environmental researchers using the latest technologies for studying DNA. For the future, the researchers would like to know if certain types of bacteria are more suited than others for surviving at these altitudes. The researchers also want to understand the role played by the microorganisms ? and determine whether or not they are carrying on metabolic functions in the troposphere.

"For these organisms, perhaps, the conditions may not be that harsh," said Konstantinidis. "I wouldn't be surprised if there is active life and growth in clouds, but this is something we cannot say for sure now."

Other researchers have gathered biological samples from atop mountains or from snow samples, but gathering biological material from a jet aircraft required a novel experimental setup. The researchers also had to optimize protocols for extracting DNA from levels of biomass far lower than what they typically study in soils or lakes.

"We have demonstrated that our technique works, and that we can get some interesting information," Nenes said. "A big fraction of the atmospheric particles that traditionally would have been expected to be dust or sea salt may actually be bacteria. At this point we are just seeing what's up there, so this is just the beginning of what we hope to do."

###

Georgia Institute of Technology: http://www.gatech.edu

Thanks to Georgia Institute of Technology for this article.

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

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Source: http://www.labspaces.net/126507/Study_finds_significant_microorganism_populations_in_middle_and_upper_troposphere

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Monday, January 28, 2013

Priceless manscripts burned by Islamist rebels in Mali

DAKAR (Reuters) - Islamist fighters fleeing Mali's ancient Saharan city of Timbuktu as French and Malian troops closed in set fire to a South African-funded library there containing thousands of priceless manuscripts, the city's mayor said on Monday.

"The rebels sit fire to the newly-constructed Ahmed Baba Institute built by the South Africans ... this happened four days ago," Halle Ousmane told Reuters by telephone from Bamako. He said he had received the information from his chief of communications who had travelled south from the city a day ago.

Ousmane was not able to immediately say how much the building had been damaged. French and Malian troops were securing the city on Monday.

The mayor said the Islamist rebels, who had occupied the fabled trading town since a Tuareg-led rebellion captured it on April 1 from government forces, also torched his office and the home of a member of parliament.

The Ahmed Baba Institute, one of several libraries and collections in the city containing fragile ancient documents dating back to the 13th century, is named after a Timbuktu-born contemporary of William Shakespeare and houses more than 20,000 scholarly manuscripts. Some were stored in underground vaults.

Fighters from the Islamist alliance in north Mali, which groups AQIM with Malian Islamist group Ansar Dine and AQIM splinter MUJWA, had also destroyed ancient shrines sacred to moderate Sufi Moslems, provoking international outrage.

They had also applied amputations for thieves and stoning of adulterers under sharia law.

(Reporting by Bate Felix in Dakar; Writing by Pascal Fletcher)

Source: http://news.yahoo.com/islamist-rebels-torch-timbuktu-manscript-library-mayor-104853300.html

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Brazil nightclub fire kills more than 230 people

A man carries an injured man, victim of a fire at the Kiss club in Santa Maria city, Rio Grande do Sul state, Brazil, early Sunday, Jan. 27, 2013. Firefighters say that the death toll from a fire that swept through a crowded nightclub in southern Brazil has risen to 180. Officials say the fire broke out while a band was performing. At least 200 people have been injured. (AP Photo/Agencia RBS)

A man carries an injured man, victim of a fire at the Kiss club in Santa Maria city, Rio Grande do Sul state, Brazil, early Sunday, Jan. 27, 2013. Firefighters say that the death toll from a fire that swept through a crowded nightclub in southern Brazil has risen to 180. Officials say the fire broke out while a band was performing. At least 200 people have been injured. (AP Photo/Agencia RBS)

Relatives of victims react as they wait for news near the Kiss nightclub in Santa Maria city, Rio Grande do Sul state, Brazil, Sunday, Jan. 27, 2013. According to police more than 200 died in the devastating nightclub fire in southern Brazil. Officials say the fire broke out at the club while a band was performing. (AP Photo/Ronald Mendes-Agencia RBS)

Firefighters work to douse a fire at the Kiss Club in Santa Maria city, Rio Grande do Sul state, Brazil, Sunday, Jan. 27, 2013. Firefighters say that the death toll from a fire that swept through a crowded nightclub in southern Brazil has risen to 180. Officials say the fire broke out at the club while a band was performing. At least 200 people were also injured. (AP Photo/Agencia RBS)

People help an injured man, victim of a fire in a club in Santa Maria city, Rio Grande do Sul state, Brazil, Sunday, Jan. 27, 2013. According to police more than 200 died in the devastating nightclub fire in southern Brazil. Officials say the fire broke out at the Kiss club in the city of Santa Maria while a band was performing. At least 200 people were also injured. (AP Photo/Agencia RBS)

A crowd stands outside the Kiss nightclub during a fire inside the club in Santa Maria city, Rio Grande do Sul state, Brazil, Sunday, Jan. 27, 2013. A blaze raced through the crowded nightclub in southern Brazil early Sunday, killing 245 people as the air filled with deadly smoke and panicked party-goers stampeded toward the exits, police and witnesses said. It appeared to be the world's deadliest nightclub fire in more than a decade.(AP Photo/Roger Shlossmacker)

(AP) ? Flames raced through a crowded nightclub in southern Brazil early Sunday, killing more than 230 people as panicked partygoers gasped for breath in the smoke-filled air while stampeding toward a single exit partially blocked by those already dead. It appeared to be the world's deadliest nightclub fire in more than a decade.

Witnesses said a flare or firework lit by band members may have started the blaze.

Television images showed smoke pouring out of the Kiss nightclub as shirtless young men who had attended a university party joined firefighters using axes and sledgehammers to pound at windows and walls to free those trapped inside.

Guido Pedroso Melo, commander of the city's fire department, told the O Globo newspaper that firefighters had a hard time getting inside the club because "there was a barrier of bodies blocking the entrance."

Teenagers sprinted from the scene desperately seeking help. Others carried injured and burned friends away in their arms.

"There was so much smoke and fire, it was complete panic, and it took a long time for people to get out, there were so many dead," survivor Luana Santos Silva told the Globo TV network.

The fire spread so fast inside the packed club that firefighters and ambulances could do little to stop it, Silva said.

Another survivor, Michele Pereira, told the Folha de S. Paulo newspaper that she was near the stage when members of the band lit flares that started the conflagration.

"The band that was onstage began to use flares and, suddenly, they stopped the show and pointed them upward," she said. "At that point, the ceiling caught fire. It was really weak, but in a matter of seconds it spread."

Police Maj. Cleberson Braida Bastianello said by telephone that officials counted 232 bodies that had been brought for identification to a gymnasium in Santa Maria, a major university city with about 250,000 residents at the southern tip of Brazil, near the borders with Argentina and Uruguay.

An earlier count put the number of dead at 245. Another 117 people were being treated at hospitals, he said.

Brazil President Dilma Roussef arrived to visit the injured after cutting short her trip to a Latin American-European summit in Chile.

"It is a tragedy for all of us," Roussef said.

Most of the dead apparently suffocated, according to Dr. Paulo Afonso Beltrame, a professor at the medical school of the Federal University of Santa Maria who went to the city's Caridade Hospital to help victims.

Beltrame said he was told the club had been filled far beyond its capacity during a party for students at the university's agronomy department.

Survivors, police and firefighters gave the same account of a band member setting the ceiling's soundproofing ablaze, he said.

"Large amounts of toxic smoke quickly filled the room, and I would say that at least 90 percent of the victims died of asphyxiation," Beltrame told The Associated Press by telephone.

"The toxic smoke made people lose their sense of direction so they were unable to find their way to the exit. At least 50 bodies were found inside a bathroom. Apparently they confused the bathroom door with the exit door."

In the hospital, the doctor "saw desperate friends and relatives walking and running down the corridors looking for information," he said, calling it "one of the saddest scenes I have ever witnessed."

Rodrigo Moura, identified by the newspaper Diario de Santa Maria as a security guard at the club, said it was at its maximum capacity of between 1,000 and 2,000, and partygoers were pushing and shoving to escape.

The event featured a group called Gurizada Fandangueira, which plays a driving mixture of local Brazilian country music styles. It was not immediately clear if the band members were among the victims.

Santa Maria Mayor Cezar Schirmer declared a 30-day mourning period, and Tarso Genro, the governor of the southern state of Rio Grande do Sul, said that all possible action was being taken.

"Sad Sunday" Genro tweeted. He planned to be in the city later in the day.

The blaze was the deadliest in Brazil since at least 1961, when a fire that swept through a circus killed 503 people in Niteroi, Rio de Janeiro.

Sunday's fire also appeared to be the worst at a nightclub since December 2000, when a welding accident reportedly set off a fire at a club in Luoyang, China, killing 309.

In 2004, at least 194 people died in a fire at an overcrowded nightclub in Buenos Aires, Argentina. Seven members of a band were sentenced to prison for starting the flames.

Several years later, in December 2009, a blaze at the Lame Horse nightclub in Perm, Russia, killed 152 people after an indoor fireworks display ignited a plastic ceiling decorated with branches.

Similar circumstances led to a 2003 nightclub fire that killed 100 people in the United States. Pyrotechnics used as a stage prop by the 1980s rock band Great White set ablaze cheap soundproofing foam on the walls and ceiling of a Rhode Island music venue.

___

Associated Press Writer Stan Lehman contributed to this report from Sao Paulo.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2013-01-27-Brazil-Nightclub%20Fire/id-2ec34f9507d64404bd2915c6c9bdd783

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2013 Farmers Insurance Open: Tee times and TV schedule for ...

It will be a late Monday afternoon finish at Torrey Pines, which should be the site of Tiger Woods' eighth win at the South Course.

The 2013 Farmers Insurance Open will conclude on Monday, with the last group through just seven holes of the final round. In that group is runaway leader Tiger Woods, who carries a six-shot lead into the Monday finish on the South Course at Torrey Pines.

Woods still has 11 holes to play, but even with some of his struggles off the tee late Sunday night, the remaining stretch would appear to be a mere formality on the march to his 75th career victory. Woods missed the first five fairways at the start of his fourth round, but still managed to avoid a bogey and actually extended his lead by two shots with three more birdies. His short game and dominance on the par-5s have created the cushion.

Tiger's Monday March to Victory | How to watch online
Track Tiger's progress at our Farmers Insurance Open section

The Monday finish was expected as a full day was lost on Saturday due to dense fog in the area. With 87 players making the cut, and the limited daylight of January, no groups were able to complete the tournament during the dawn-to-dusk play on Sunday. The decision was also made to not repair the players between rounds on Sunday, so Woods continues to play with Billy Horschel and Casey Wittenberg in the last group. The first groups have just three holes remaining in the fourth round.

With all players out on the course, there are no remaining tee times for Monday but play will resume at 2:10 p.m. ET. Golf Channel will have the broadcast from 2:10 up to 4 p.m. ET, at which point CBS will take over and carry coverage of the finish. That should wrap up around 5:30 p.m. ET, and reports on Sunday indicated that CBS asked the Tour for a later start so that they could carry coverage of that late afternoon finish.

The collateral damage of that decision is that some players, such as Tiger's playing partners, have no chance to make it to Phoenix in time for Monday qualifying at the Waste Management Open. There were initial reports that the Tour would try to finish up early on Monday and try and jet those players over to Phoenix in time. Instead, it will be a Monday afternoon conclusion at Torrey Pines -- circumstances similar to Tiger's last win here in the 2008 U.S. Open.

If you're at the office, you should be able to watch the finish via CBS and the Tour's livestream.

For a live leaderboard from La Jolla, visit Golf.com.

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Source: http://www.sbnation.com/golf/2013/1/28/3923310/farmers-insurance-open-golf-2013-tv-schedule-tee-times-monday

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Sunday, January 27, 2013

Arts groups use personal sponsorships to build bridges - KansasCity ...

Art needs money and money needs art.

Money allows the arts to flourish. Art allows wealth to be a positive cultural force.

It?s a relationship you can trace to, well, to the invention of money itself.

The Nelson-Atkins Museum of Art, for example, has ancient funereal statuary and monumental sculptures that are thousands of years old. And it?s a safe bet that they were underwritten by someone with access to large numbers of Babylonian shekels, Greek drachmas or Roman sesterces.

Performing arts organizations in Kansas City are largely funded by our local equivalent of the Medici banking dynasty of Renaissance Italy ? foundations, corporations and wealthy private donors ? but there?s another option available to people with means and an urge to help the arts: personal sponsorships.

Open a program for the Lyric Opera of Kansas City or Kansas City Repertory Theatre and you?ll see that many of the actors, singers and perhaps even directors and designers have been sponsored by individuals. Often the sponsors are on the organization?s board, but not always. It?s a way for donors and artists to rub elbows, enjoy some private time with performers and get to know one another as human beings over lunch or dinner.

Denyce Graves, an internationally famed mezzo-soprano, will make her Kansas City debut in April when she appears in the Lyric Opera?s production of ?The Mikado.? But without personal sponsorships, neither she nor bass-baritone Dale Travis, who will play the title role, might be appearing at the Lyric.

Deborah Sandler, the Lyric?s new general director and CEO, said she actively pursued Graves but wasn?t sure she could meet the opera star?s fee. Sandler found a way to get her to Kansas City.

?I came here and I inherited a budget and not everything was cast and the role of Katisha was not cast,? Sandler said of plans for staging ?The Mikado.? ?So I negotiated with her agent, and we were still a little bit apart. And I wondered: What else could she do that would have a great impact on the company and the community that would allow me to go to a donor??

Sandler turned to attorney Jon Gray, a member of the Lyric board?s executive committee. Gray said he?d help sponsor Graves if she could do something substantial for young people in the community.

So Sandler decided to ask the singer to make a commitment beyond her performance. Graves agreed to conduct a master class for the company?s apprentices as well as Frost Honors Artists ? high school students showing vocal promise ? and observers from the Musical Bridges program at the University of Missouri-Kansas City?s conservatory. The program provides musical instruction to talented at-risk students in the Kansas City area.

?So that?s pretty much a win-win,? Sandler said.

Gray and his wife, Valerie Chow (who serves on the Youth Symphony board), had previously sponsored an out-of-town actor in Kansas City Rep?s production of ?Broke-ology,? and they have thrown cast parties in their home. Gray had a special interest in sponsoring Graves because she, like Graves, is African-American.

?If I want an opportunity to see people of color performing at the highest level, I need to do more than buy a ticket,? Gray said.

Chow helped found Musical Bridges, and Gray said he wanted to include kids from the program.

?We mentioned some things we hoped for in respect to Ms. Graves,? Gray said. ?We hope to meet her. But one of the things we asked for was for the Musical Bridges students to have the opportunity to, if not participate in a master class, at least be in the room to watch it.?

The Lyric?s annual budget is about $6.4 million, and sponsorships help the organization buttress the bottom line. Sandler said an individual sponsor could contribute $5,000 to $25,000 for one artist and could spend as much as $75,000 to underwrite more than one artist. Artists have been sponsored by private donors at the Lyric for at least five years.

Sandler said the money helps but it has a greater value. It?s a way to enrich relationships between the organization and its supporters.

?They are people who already have a relationship with the company, but this gives them an opportunity to forge a deeper relationship,? she said. ?And from our perspective it sometimes makes the difference between having a particular singer here or not having them.?

And if there were no sponsors?

?We?re in the business of producing opera,? Sandler said. ?It?s not that absent the sponsorships we wouldn?t do the opera. Of course we?re going to do the opera. But the more money we can raise, the higher production values the production will have.?

At Kansas City Rep, which has a budget of about $7.5 million, sponsorships for artists and others involved in the first show of the current season, ?Pippin,? came to $27,000, according to former managing director Cynthia Rider, now with the Oregon Shakespeare Festival. That helps the bottom line a little, but an individual sponsorship doesn?t cover the total cost of hiring a single actor or director.

?I think there are two primary benefits,? Rider said. ?One is that it really connects philanthropy with the artists and that in turn leads to greater stability and financial support for the Rep. The other is really supporting the artists in a personal way. It?s one of the ways we can make the Rep a place for artists to do their best work.?

Eric Rosen, the Rep?s artistic director, said the sponsorships began in a small way about four years ago as part of a company plan. They?ve grown since then.

?When I got here it was a very disconnected world between the people who gave us money and those who made it work,? Rosen said. ?It?s much better than I thought it would be. We thought we?d do it for one show and see how it went. And now it?s a major board strategy.?

Rosen, like Sandler, said one of the benefits of the sponsorship program was creating a positive experience for the visiting artists, who will then spread the word about the Rep and the Lyric to their colleagues in New York and around the world.

?It sounds like a small thing, but it?s in our strategic plan, the goal of making this a more exciting experience for all of our artists, so it becomes their top choice in the future,? Rosen said.

In almost every case there?s a social event in which sponsors and artists meet face-to-face. A leisurely lunch, a late dinner, a reception at someone?s home or a visit to a Kansas City barbecue joint are all in the mix.

Elizabeth Caballero, a soprano who played the title role in the Lyric Opera?s production of ?Madama Butterfly,? said the private time is a chance for sponsors to get a sense of who the artist really is.

?It?s always nice because you can meet them and thank them in person,? said Caballero, who was sponsored by Lyric board president Richard P. Bruening and his wife. ?They ask questions about how you got started. They just want to know who you are as a person more than as a singer. They get to know you more as an individual.?

Ann Baum and husband Kenneth sponsored the Kansas City Symphony?s opening weekend this season with featured guest violinist Vadim Gluzman. After the first performance the Baums dined with Gluzman and music director Michael Stern.

?In the case of the Symphony, the most fun aspect of it is we have an intimate dinner afterwards with Michael, with Gluzman, with some of the leaders within the Symphony family,? Ann Baum said. ?It?s an opportunity to really get to know people behind the scenes in a much more intimate way.?

She said a major sponsorship could yield another benefit: inspiring others in the community to follow suit.

?I think Kenny and I would support the Symphony anyway, but it is an opportunity to lead by example,? she said. ?We all know how much money it takes from the private community to support the orchestra.?

No matter which organization you consider, the dynamics are basically the same: A small universe of donors, supporters and subscribers embraces the organization. Social relationships between the artistic leadership and the donors are integral to fundraising. Baum, for example, described Stern as a personal friend. Bunni Copaken, a Rep board member, described Rosen as a friend and attended his wedding in upstate New York last year.

Frank Byrne, the Symphony?s executive director, said donors are regularly offered opportunities to sponsor concerts or specific artists.

?This is a very common structure to connect artists and donors,? Byrne said. ?For the people who have done this for the Symphony, I think they find it particularly rewarding.?? It?s part of creating that connection.?

Sponsorships are not exclusive to the major institutions in town. Just this season Quality Hill Playhouse, the intimate downtown theater that specializes in musical revues showcasing iconic American songwriters, began offering sponsorship opportunities. They include $5,000 to sponsor one performer for one show, $15,000 for an instrumentalist for the entire season and $30,000 to cover pianist and executive director J. Kent Barnhart for a season.

Managing director Rick Truman said all five performers in the company?s inaugural show this season were sponsored.

?It connects the sponsor to both the organization and the performer in a more special way than just that person attending or that person giving to the organization,? Truman said. ?It gives them a broader awareness of what?s involved. People have said to us before, ?Do they wear their own clothes?? ?Do you rehearse a couple of days and then do the show??

?I don?t know if anybody understands anybody else?s job, even in corporate America, but in theater there is a sense of, ?Oh, you just get up there and do it.? It?s nice for them to have an appreciation of what that person does, not just in this one show, but in general to keep themselves working artists.?

Source: http://www.kansascity.com/2013/01/26/4033052/sponsorships-match-money-music.html

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My Child Has Autism ? What Now? | Natural Holistic Health Blog

When we become parents, we want the best for our children.? This is especially true for their health.? We view sonograms anxiously before they?re born, and we await word from the doctor that everything is as it should be when they arrive in this world.? We take heed of every little cough and sneeze in an effort to keep them healthy.? That?s one of the many reasons that a diagnosis of autism is so devastating.

Children with autism may display enough signs for a clear diagnosis before one year of age, and almost always do so by the time they?re three years old.? The news that a child is autistic can feel devastating, but it doesn?t have to be.? If we can keep our presence of mind, we can explore the options and get the best possible treatment for our children.? With proper care, many autistic children can grow up to be independent and well-adjusted adults.

It?s hard to know exactly what to do if you?ve never been down this road before.? Here are some tips to get you going in the right direction.

* Understand where your child is on the autism spectrum.? The term ?autism? is actually used interchangeably with several related disorders, each one with its own characteristics.? Some forms of autism are mild enough that they won?t make a big difference in a child?s life, while others require more treatment.? If you?re not sure where your child stands, talk to his doctor about it.? And if he doesn?t explain it sufficiently, consider seeing another one.

* Learn about treatment options.? There is currently no cure, but there are many treatment options that can produce favorable results.? Therapy can improve an autistic child?s language and social skills, and medication can help alleviate emotional and physical symptoms.

* Get support.? Raising an autistic child can be very trying, draining parents both physically and emotionally.? Counseling and respite care can help parents cope with the challenges.

* Make sure the needs of your other children are met.? Being the sibling of an autistic child presents its own unique challenges.? Siblings may resent the extra attention the autistic child requires, and they may become frustrated with the questions and misunderstanding of others.? Making special time for siblings and providing the opportunity for counseling will help them deal with these issues, and maybe even strengthen their relationships with their autistic brother or sister.

* Stay informed about new developments in the fight against autism.? Autism still isn?t well understood by doctors, but research is beginning to provide some answers and bring forth ideas for new treatments.? Staying on top of the latest autism news can give parents hope and encouragement.

We Recommend:

Since it is a spectrum disorder, autism affects children in different ways, and no two autistic children are exactly alike. This makes things very confusing for parents who are battling to come to terms with what is best for their child, as signs of autism vary greatly. It may be helpful to devise an autism symptoms checklist to aid in diagnosing the disorder.

While there is a place for prescription medication in certain cases of autism, careful consideration and caution should be taken due to possible side effects. There are also natural treatments for this disorder, including herbal and homeopathic answers which can help maintain harmony, health, and systemic balance in the brain and nervous system, without side effects or sedation.

MindSoothe ? Promotes balanced mood and feelings, as well as healthy levels of serotonin and other neurotransmitters

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Focus Formula ? Helps maintain optimal mental focus, concentration, attention span and memory function.

Tula Tantrum Tamer ? Helps reduce tantrums, soothe fiery tempers and reduce frustration in young children

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About Dee Braun

Dee is an Adv. Certified Aromatherapist, Reiki Master, Adv. Color/Crystal Therapist, Herbalist, Dr. of Reflexology and single mom who is dedicated to helping others any way she can. One way she chooses to help is by offering information on the benefits and uses of natural health and healing methods for the well-being of both people and pets. Dee also teaches Aromatherapy, Reflexology and Color/Crystal Therapy at the Alternative Healing Academy

Source: http://www.natural-holistic-health.com/child-autism/?utm_source=rss&utm_medium=rss&utm_campaign=child-autism

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In New Orleans, an unwelcome mat for Goodell

NEW ORLEANS (AP) ? An effigy of NFL Commissioner Roger Goodell dangles from the front porch of a New Orleans home that is otherwise festively decorated with Saints paraphernalia.

With restaurants and bars gearing up for an influx of Super Bowl XLVII visitors, the "Refuse to Serve Roger Goodell" page on Facebook had 107 likes as of Friday.

A portrait of Goodell covers the bull's-eye on the dart board at Parkview Tavern.

And floats in the unabashedly lowbrow Krewe du Vieux parade in the French Quarter last weekend displayed larger-than-life likenesses of Goodell in acts that defy polite description.

New Orleans is celebrating the return of Saints coach Sean Payton after a season of NFL banishment as a result of the "bountygate" scandal ? when the team ran a pay-for-hits program. But Goodell, who suspended Payton and other current and former Saints players and coaches last year for their roles in the system, is being ridiculed here with a vehemence usually reserved for the city's scandal-scarred politicians.

"They believe he completely used the Saints as an example of something that was going on league-wide," said Pauline Patterson, co-owner of Finn McCool's, an Irish Bar in the Mid-City neighborhood where the words "Go To Hell Goodell" are visible over the fireplace.

Some of Goodell's critics say the disarray resulting from what they believe were unfair suspensions led to the Saints' 7-9 performance this year ? and a missed chance to make history.

"We had a real shot of being the first team in history to host the Super Bowl in our own stadium," Parkview Tavern owner Kathy Anderson said. "He can't give that back to us."

Goodell suspended the coaches and players after an investigation found the Saints had a performance pool offering cash rewards for key plays, including big hits. The player suspensions eventually were overturned, but the coaches served their punishments.

Mayor Mitch Landrieu is among those saying that people in this city, known for its hospitality and history, should mind their manners and remember the not-too-distant past.

"Roger Goodell has been a great friend to New Orleans, and it's a fact that he's one of the people instrumental to making sure that the Saints stayed here after Hurricane Katrina," Landrieu said in a statement. It was a reference to the days after the storm, when 80 percent of the city was underwater and the damaged Superdome became a shelter for thousands of the displaced.

Then-Commissioner Paul Tagliabue and his second-in-command, Goodell, are credited with working to keep the team from abandoning New Orleans for San Antonio.

"If not for Roger Goodell, we would not have this Super Bowl," Landrieu added. "And we will need him since we want to host another one."

Saints quarterback Drew Brees said the game is validation of everything the city's gone through to rebuild after Hurricane Katrina.

"There's no question, yeah. And I think people will see that when they come down, as soon as people come down that haven't been there in a while," Brees said Friday while in Hawaii for the Pro Bowl. "The city knows how to entertain, knows how to treat people right. The tourism industry's huge, so we're excited to host this big game. Obviously it's the biggest sporting event in the world, and the city will be ready for it."

But some are in no mood to back off when it comes to Goodell.

Anderson said she understands city leaders' desire to put their best foot forward, but that it also is important for Saints fans to be able to vent.

"Whether I have Roger Goodell's face on my dart board is not going to change anybody's mind about the Super Bowl," Anderson said.

People should not take the barbs too seriously, said Lynda Woolard, a Saints fan who has been tracking some of the barbs on social media. "Nobody's saying there should be violence against the man," Woolard said.

"It's tongue-in-cheek," Patterson agreed.

Still, some diehards are ready to put it all behind them.

Patrick Brower, owner and manager of the Dirty Coast T-shirt shop, said Friday that he's pushing black-and-gold wear at his shop, choosing to unify Saints fans without bashing the commissioner.

"We've got to look forward here," Brower said. "The more time we spend in the past, it's just not beneficial."

Source: http://news.yahoo.com/orleans-unwelcome-mat-goodell-150657033--spt.html

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Saturday, January 26, 2013

The Zen Of LTBH Investing In Volatile Small Caps: Organova, A ...

Ah, Grasshopper, so you are troubled by the changing value of your share in Organova Holdings, Inc. (ONVO.PK)? You say in June it was worth $10.90 and three weeks later it was worth $1.93. You say that throughout most of December, it was worth little more than $2.00, but Monday of this week it rose to $6.00 before falling Tuesday to as low as $4.00, and now you wonder about tomorrow? Sit down Grasshopper, stop pulling your hair, and listen to how a LTBH Zen Master waits for a butterfly to stop its fluttering and alight.

Transformative Technologies and the LTBH Investor

We are long-term, buy and hold ("LTBH") investors, you and I, and so we hold a mixture of value and growth equities. A subcategory of our growth equities is companies possessed with the potential of a transformative technology.

By transformative technology, we mean a unique, proprietary product with the potential to fundamentally change a significant aspect of the market.

Some of companies with transformative potential are large and established, like International Business Machines Corporation (IBM) with its big data and carbon nanotube technologies or ABB, Ltd. (ABB) with its direct current circuit breaker. These companies lumber across the earth with nary a sideways glance; there are no predators large enough to harm them, only choosing a wrong path leading to a barren landscape threatens their existence.

Others are smaller and fear predators; they scurry through the underbrush, eating smaller creatures but growing in confidence, companies like Nuance Communications, Inc. (NUAN) with voice-recognition technologies or Clean Energy Fuels Corp. (CLNE) providing natural gas fueling to truckers.

And still others are the smallest of all, tiny little companies just emerging from their nests or pupa, companies like Arcam AB (AMAVF.OB) selling a few dozen high end 3D printers annually to aerospace and medical companies, or Organova Holdings, Inc., developing the 3D printing of human tissue.

It is these babes that cause us such worries, Grasshopper. Like little ONVO, recently emerged and starting to flutter its wings. If we watch it too closely, we become dizzy with its ups and downs. The Zen of LTBH investing, Grasshopper, is to visualize the path and not watch the fluttering.

The LTBH Philosophy

Remember, Grasshopper, why we are LTBH investors and not day traders, mutual fund, or ETF investors:

  • Equity markets offer superior returns to many other investing options, so we ask not whether to invest in equities, we ask how to invest in equities
  • We know the path of frequent trading costs more in broker fees, capital gains taxes, time and energy
  • We know what we cannot know; professional traders have the edge in timeliness of information, speed of execution, and transaction costs
  • We know that, with discipline, we can win against mutual funds (because of their burden of fees and expenses and, in some cases, our ability to invest in smaller companies) and we can win against ETFs (because of their expenses and our ability to be more selective).

The LTBH Rationale for Investing in Organova

Remember, Grasshopper, the reasons why we invested in Organova. Its transformative technology is the 3D printing of human tissues for drug discovery and development, biological resources, and therapeutic implantation. It is conceivable that one day Organova machines could print entire human organs like a liver, a kidney or a heart to be therapeutically implanted into a person and save their life. This potential is the very embodiment of a transformative technology.

Yet we also know that Organova is still a delicate creature. It is a long way from having a proven product and it is incurring substantial operating losses. In the third quarter of 2012, according to its 10Q filing and an excellent Seeking Alpha article by PropThink, it had essentially three sources to its $469,238 operating revenue:

  • $298,800 in collaboration fees from United Therapeutics (UTHR)
  • $75,000 in collaboration fees from Pfizer (PFE). This collaboration expired in December 31, 2012 and is expected to be replaced with a new agreement, but no such agreement has yet been announced.
  • $95,500 from a National Institutes of Health grant

We know its expenses are running at 182% of revenues, comprised of selling, general and administrative expenses at $550,157 and research and development expenses at $304,251. But still the tiny company expresses confidence in its financial position. At September 30, 2012, they report having working capital of $7.2 million, "sufficient to fund our ongoing operations? for at least the next 12 months." In addition, Organova is in the process of resolving outstanding stock options that will remove a large liability from its balance sheet and position it to move from OTC to the NASDAQ capital markets in 2013.

What is Organova's Future Value?

We do not know what the future holds for Organova, only that it lies somewhere on a continuum between nothingness and becoming a multi-billion dollar behemoth. The possibilities are likely distributed on a bell-shaped curve with some outcome towards the middle as the most likely.

But with this knowledge, and some simple probability calculations, we can formulate an estimate of Organova's long-term value and thus find a Zen-like peace as the market flutters before us. Consider Organova's future as depending on two key issues: (1) proving great value in the 3D printing of human tissue and (2) establishing exclusivity or dominance with this technology. If both of these issues develop strongly in Organova's favor, it will become fabulously valuable. But there's a high degree of risk that one or both may not fully occur. There may be as yet undiscovered technical reasons why 3D printing is not feasible, or why it will be supplanted by another, superior method of creating human tissue. Another company may invent an alternative method for 3D printing of human tissue without violating Organova's intellectual property rights.

Using these two issues, we can project a range of potential outcomes for Organova and lay the basis for calculating an expected present value of the stock. As an example, I would propose that each of the following five scenarios are potential outcomes for Organova:

  • Scenario #1: Organova has minimal value (five year target share price $0 to $2). 3D printing of human tissue proves to have little value. Organova may go out of business, be acquired by someone else, or survive as a small company selling a limited number of 3D printers to research organizations.
  • Scenario #2: Organova has a value of $100 million to $500 million (five year target share price $2 to $10). Organova has annual earnings of $10 to $25 million a few hundred to a few thousand 3D printers annually, plus supplies and technical support, again to research organizations.
  • Scenario #3: Organova has a value of $500 million to $2 billion (five year target share price $10 to $40). 3D printing of human tissues becomes a standard mainstream research methodology and Organova is the premier provider of this technology. Many thousands of printers are sold annually. Organova trends towards annual earnings in the range of $50 to $100 million.
  • Scenario #4: Organova has a value of $2 to $5 billion (five year target share price $40 to $110). 3D printing of human tissues becomes an accepted therapeutic methodology for creating implants. There are competitors who have created alternatives around Organova's intellectual property protections. Organova shows the potential to generate eventual earnings in the hundreds of millions.
  • Scenario #5: Organova has a value of more than $5 billion (five year target share price more than $110). 3D printing of human tissues is an accepted therapeutic methodology and there are effectively no competitive alternatives. Organova has the potential to generate tens of billions in revenues and billions or more in earnings.

Don't Panic! Stay Calm. Ommmm?

So, Grasshopper, do you know that it's not the fluttering of the stock price that concerns us, it's the journey's end. If you agree with the assumptions I've described, we can assign probabilities to each, estimate what Organova's value might be if each scenario occurred, and then calculate an expected value. (If you don't agree with the assumptions I've described, it's a simple exercise to create your own). Look at this table I've drawn here in the sand:

Expected Organova Share Value
5Y TargetNPVProb.Value
Scenario #1$0.00$0.0020%$0.00
Scenario #2$2.00$1.2420%$0.25
Scenario #3$10.00$6.2120%$1.24
Scenario #4$40.00$24.8420%$4.97
Scenario #5$110.00$68.3020%$13.66
$20.12

In Scenario #2, for example, Organova shares would have an estimated value of $2.00 in five years. Discounting this by 10% per year, we calculate a Net Present Value of $1.24. We assume this scenario has a 20% chance of occurring, so the expected value of Scenario #2 is $0.24. By adding the expected value of all the outcomes we identified, we arrive at a share value today that reflects our expected returns: $20.12.

Meditate on this, Grasshopper, for this guides us to know where our "buy", "sell" and "hold" prices lie. If the price tomorrow hits $20.12, we should sell. We might even sell for a little bit less than this in order to grab a sure thing. But we aren't going to sell for, say, $12.00 what we think is worth $20.12.

To find our "buy" and "hold" points, we must reflect deeply on what our table of probabilities is telling us. One thing it tells us that there's a 60% chance that Organova isn't worth more than $6.21 today. The only reason we're not selling at $6.21 is because we're hoping that Scenario #4 or #5 will occur and Organova is a "home run" stock. Yet our assumptions say that, much as we might hope this will happen, the odds less than 50%.

So, Grasshopper, I would certainly not "buy" Organova at more than $6.21. In fact, being somewhat cautious, I would likely split the difference between the $6.21 and the $1.24 and use the resulting $3.72 as the most I would pay. My rationale is that $3.72 is the point where I have a 50% chance of getting at least a 10% return on my investment over the next five years. (Note, however, that if I get less than a 10% return, it will probably only be a little less; on the other hand, if I get more than a 10% return, I might get much, much more).

I believe, Grasshopper, that LTBH investors should have a small place for volatile small-cap stocks in their portfolios. Not just one, but several because the chances of any one being a home run is small, but the return from a home run will offset losses from the others which don't develop.

As we hold these stocks, we need to realize that there are others who trade using different philosophies. There will be great volatility in many small stocks. Don't let the fluttering of the butterfly become a fluttering in your stomach. Keep your eye on the prize, Grasshopper. We LTBH investors are not looking to sell at $4 or $6 or $10; while we continue to believe this stock can be a home run, we're holding. I find that doing this sometimes requires the patience of a Zen master.

Disclosure: I am long ONVO.PK, AMAVF.OB, IBM, ABB, CLNE, NUAN. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More...)

Source: http://seekingalpha.com/article/1135101-the-zen-of-ltbh-investing-in-volatile-small-caps-organova-a-case-in-point?source=feed

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Dying Woman Has Brain Frozen And Hopes To Live After Cancer ...

KimInside

Cancer is a horrible disease that continues to claim the lives so many so suddenly, and it?s no uncommon for family members of those stricken with the fatal illness to do all they can to grant their love one last wishes once it?s determined that nothing else can be done. But the last wish of this 23-year-old has got to be a first?.

via Fox News

It seems like the stuff of science fiction, a dying young woman decides she wants to be frozen after her death until a cure is found for brain cancer.
But for the family of Kim Suozzi, 23, it?s not fiction.

?I worked real hard on reconciling it with my personal faith and trying to be okay with it, and I am okay with it,? said Jane Suozzi, Kim?s mother, who lives in Ballwin.
For the final two years of her life, Kim knew she was dying of an aggressive brain cancer called Glioblastoma multiforme. But even before the diagnosis, she considered the idea of being cryopreserved someday.

Kim?s decision to be frozen after death is based on the hope science will someday find a way to bring her back to life after finding a cure for cancer.

Kim spent the final two weeks of her life at a hospice in Scottsdale, Arizona, so she could die in the same city as Alcor Life Extension, the cryopreservation facility she chose.
She passed away peacefully on January 17.

Kim was also able to raise $7,000 before she passed to contribute to the high cost of ?having her remains preserved as she?d asked. ?This story is crazy hell and remarkable all at once.

Would you grant this wish for your close friend or family member?

Photo Credit: Fox 2 Now/Shuttesrtock

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Source: http://bossip.com/716792/one-wish-woman-who-died-from-cancer-had-her-brain-frozen-before-passing-away-in-hopes-to-be-brought-back-to-life-once-a-cure-is-found/

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Cranston skater, partner win pairs short program | Turn to 10

By: NANCY ARMOUR | AP National Writer

Marissa Castelli and Simon Shnapir have taken a big step toward their first pairs title at the U.S. Figure Skating Championships, easily winning the short program Thursday.

Castelli and Shnapir finished with 62.27 points, a whopping nine points ahead of Felicia Zhang and Nathan Bartholomay. The free skate is Saturday.

With defending champs Caydee Denney and John Coughlin out while he recovers from hip surgery, Castelli and Shnapir are heavy favorites. The NHK Trophy bronze medalists lived up to the billing, skating the most energetic program of the day. Their triple twist was huge, and would compare with any of the top couples in the world.

Their only real flaw was on their combination spin, which was horribly out of unison.

The women's short program is later Thursday.

Source: http://www2.turnto10.com/sports/2013/jan/24/cranston-skater-partner-win-pairs-short-program-ar-1326776/

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