Sunday, December 30, 2012

Man, 22, faces DUI charge for spinning truck in church lot


REPUBLICAN-AMERICAN

SOUTHBURY?-- A local man has been charged with driving while intoxicated after police said he was caught driving a pickup truck in the snow-covered parking lot of a local church, spinning the tires and going in circles.

Robert Carlson, 22, of 276 Main St. North, Southbury, was charged with operating under the influence of drugs and/or alcohol and reckless driving. He was released in lieu of $1,000 bond to appear Jan. 9 in Waterbury Superior Court.

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Source: http://www.rep-am.com/news/local/doc50de7cb17835a535484623.txt

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Green Blog: A Discovery, Marooned in Libya's Revolution

As Adam Nagourney reports in The Times, Death Valley is experiencing a burst of civic pride over reclaiming a world temperature record: a 134-degree reading registered on July 10, 1913, at Greenland Ranch in California.

The World Meteorological Organization announced in September that it was throwing out what had previously been thought to be the global record: a reading of 136.4 degrees recorded in the Libyan settlement of Al Aziziya on Sept. 13, 1922. The revised record made headlines around the world.

Yet the back story is even more interesting. Khalid el-Fadli, a Libyan member of the meteorological team that investigated the record, found the original 1922 temperature reading in a logbook at the Libyan National Meteorological Center, where he works, on Feb. 15, 2011, when a revolution had just broken out in the capital.

Working from the logbook, the international team would eventually discover that the reading was taken by an untrained observer with an instrument that was outmoded even for its time. What is more, the temperature did not jibe with other temperatures measured in the area on Sept. 13, 1922, and it differed markedly from readings taken later at Azizia.

Yet it took it took the team six months to pursue those findings, given that Mr. Fadli got sucked into a war immediately after reporting the discovery of the notebook. ?During the revolution, it was very dangerous to call anyone outside,? he said in a telephone interview from Tripoli, the Libyan capital. And ?international calls were shut down by the government? in any case, he said.

Mr. Fadli recalled: ?From March until July, I would go to my office ? not regularly, not every day. Because there was no fuel, our life was very hard.?

He recalls reading the e-mails flooding in from international colleagues, at first curious in tone and then deeply concerned as weeks passed by. For a full six months he resisted the urge to reply lest he be accused of corresponding with the enemy.

Given the level of government monitoring, any knowledge that he was communicating with an international committee ?would have been a death sentence for him,? said Chris Burt, a member of the international meteorological team.

Then came a television pronouncement by Col. Muammar el-Qaddafi, Libya?s longtime dictator, that NATO was using climate data relayed from Libyan scientists to plot its aerial attacks on Libyan government forces. The scientists on the meteorological team assumed the worst. ?My fear was that they had found out that el-Fadli was part of this committee,? Mr. Burt said.

But Mr. Fadli remained below the radar, and when the violence tapered off that August, he resumed communications with his distant colleagues, and together,?they were able to move on with their work.

and reported the discovery of the logbook.

He continues to work at the Libyan National Meteorological Center. ?It?s not completely normal yet,? Mr. Fadli said of his country?s situation. But a semblance of calm has returned, he added.

His international colleagues remain grateful. ?The records he found were really the smoking gun,? Mr. Burt said. ??He?s really ?the guy? in this investigation ? it never could have happened without him.?

Source: http://green.blogs.nytimes.com/2012/12/29/a-discovery-marooned-in-libyas-revolution/?partner=rss&emc=rss

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Claim seeks $100 million for Sandy Hook school shooting survivor

MERIDEN, Connecticut (Reuters) - A $100 million claim on behalf of a 6-year-old survivor is the first legal action to come out of the Connecticut school shooting that left 26 children and adults dead two weeks ago.

The unidentified client, referred to as Jill Doe, heard "cursing, screaming, and shooting" over the school intercom when the gunman, 20-year-old Adam Lanza, opened fire, according to the claim filed by New Haven-based attorney Irv Pinsky.

"As a consequence, the ... child has sustained emotional and psychological trauma and injury, the nature and extent of which are yet to be determined," the claim said.

Pinsky said he filed a claim on Thursday with state Claims Commissioner J. Paul Vance Jr., whose office must give permission before a lawsuit can be filed against the state.

"We all know its going to happen again," Pinsky said on Friday. "Society has to take action."

Twenty children and six adults were shot dead on December 14 at the Sandy Hook Elementary School in Newtown, Connecticut. The children were all 6 and 7 years old.

Pinsky's claim said that the state Board of Education, Department of Education and Education Commissioner had failed to take appropriate steps to protect children from "foreseeable harm."

It said they had failed to provide a "safe school setting" or design "an effective student safety emergency response plan and protocol."

Pinsky said he was approached by the child's parents within a week of the shooting.

The shooting, which also left the gunman dead, has prompted extensive debate about gun control and the suggestion by the National Rifle Association that schools be patrolled by armed guards. Police have said the gunman killed his mother at their home in Newtown before going to the school.

(Reporting by Mary Ellen Godin Editing by Ellen Wulfhorst)

Source: http://news.yahoo.com/claim-seeks-100-million-child-survivor-connecticut-school-003646074.html

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Saturday, December 29, 2012

Housing and Welcoming "The Cliff" - ValuePlays | ValuePlays

  • Posted by ToddSullivan
  • on December 28th, 2012

The past two weeks have seen positive ?surprises? in GDP, initial unemployment claims, housing starts, pending home sales and I have detailed the refusal of rail traffic to do its normal year end collapse. Yet markets are selling off due to the ?fiscal cliff? hysteria. It is just that, hysteria. Just like last year the EU was going to destroy the world, the fiscal cliff is more hype than reality. That is fine though as it gives rational people mis-priced equities to buy that will lead to superior gains in 2013. Just like the end of 2012 gave us a $5 $BAC and $AIG warrants at $7 (both up ~100% since). The current reaction is giving us some more opportunities.

Patient investors with an eye past tomorrow in a perverse way should welcome the cliff and the opportunities is may give us. Whatever happens it will pass and eventually get solved. But the wonderful prices we may get to buy stocks at and hold will be with us for a very long time after the cliff is long forgotten.

To that end, housing will continue to drive the economy in 2013. The supply of new homes is just far too low and is leading to increased construction and will continue to do so for the next few years. This in turn will lead to more construction jobs and we will see the benefits of that. Note: housing?s turn has not lead to the expected jobs increase because builders have been finishing off previously mothballed projects. New land is being bought and new projects started. We have already seen some of this effect on construction jobs and it will accelerate into 2013.

?Davidson? submits

The Monthly Supply of New Homes for Sale(New Home Inventory) remains low at 4.7mos and continues to be a positive for equities-see chart. The historical Neutral Supply/Demand Trend Line for this economic measure is ~6.2mos. Above the historical trend represents too much supply and results in declining Residential Construction Employment while below the trend has proven positive for increases in this employment category. The New Home Sales market turned positive ~14mos ago but has yet to register much improvement in related employment. We should witness improvement in this employment category in future months as has been the historical pattern. Like all economic data, predicting with precision is so often stymied by the statistical collection methods and ad hoc government action, but even so the current trends favor higher equity prices the next several years.

Optimism remains warranted.

Capture687 496x420 Housing and Welcoming The Cliff

To see more posts on any of the companies mentioned in this article, enter their stock ticker symbol in the search box.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

Value Plays Blog

Source: http://www.valueplays.net/2012/12/28/housing-and-welcoming-the-cliff/

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New era of eBook dominance has begun | Industry Leaders Magazine

Era of e-book dominance has begun

Era of e-book dominance has begun

Is the centuries-old publishing business going to disappear for good? Probably not? But the latest survey shows that certainly a new era of e-book dominance has begun. And all this is because of fascination with digital tablets which are a main driver of a fundamental change in how Americans and also other nations read books. According to a survey conducted by the Pew Research Center, e-book reading is growing at unexpectedly fast rate.

eBooks? appealing magic

The survey shows that the share of Americans age 16 and older who read e-books climbed to about 23 percent from nearly 16 percent a year ago. In addition, the number of people who read printed books decreased to approximately 67 percent from roughly 72 percent in 2011.

Researchers are convinced that the spectacular change in reading habits was introduced by the growing popularity of tablets and e-reader devices. Not unexpectedly, the findings of the survey indicate that e-book readers are also owners of an e-reading device such as a tablet computer or e-reader. Approximately one-third of Americans ages 16 and older own at least one of the aforementioned devices.

The findings of the survey also indicate that there are three main groups of e-book readers:

  • People with college and graduate degrees
  • People living in households earning over $75,000
  • People in age range from 30 and 49

Even though the number of people aware that libraries offer e-books grew to approximately 31 percent from roughly 24 percent in 2011, libraries might be in trouble as the share of people borrowing e-books from them only increased to 5 percent from just 3 percent a year ago.

With the increasing popularity of tablets, including the Apple Inc.?s iPad, people want to have them and use them. Other companies such as Google Inc. and Amazon.com Inc. also try to take advantage of growing demand for e-book devices, thereby introducing their own products. And to have their own piece of pie, they launched lower-priced products including the Google Nexus Tablet and Amazon?s Kindle Fire.?Certainly the introduction of less costly e-book devices had a significant impact on the growth of e-book readers. According to IDC, a technology research firm, projected that tablet sales would grow to over 122 million in 2012.

Future of printed books

One may ask: ?So does it mean that printed books are going to fade away?? Certainly printed books will not disappear as they are better gifts than e-books, that is for sure. But everything indicates that these days we are witnessing some kind of revolution which is taking us into the future world of e/books.? Lee Rainie, director of the Pew Internet & American Life Project, underlined the significance of the ongoing revolutionary change in the book environment, adding that the shift would also introduce a social transition as well.

But the visible change in the book experience also has an impact on the economics of book publishing businesses. For example,?Barnes & Noble Inc., a U.S. book retailer, is struggling to adjust to the new digital world. Bertelsmann SE & Co. and Pearson Plc have been negotiating on a merger of their publishing divisions as they believe that the merged entity would have a better chance to cope with all challenges of the contemporary world.

Currently publishers are facing many problems as they are trying to adapt to new conditions. The transition is not that simple as e-book sales are dominated by Amazon.com Inc. This change in the world of books cannot be stopped, yet many companies need to learn how to play the new game. And even though it is certain that one day e-books will become dominant, printed books will surely not disappear. At least some hope so.

Source: http://www.industryleadersmagazine.com/new-era-of-ebook-dominance-has-begun/

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Friday, December 28, 2012

Mission ends to drill into buried Antarctic lake

After fighting with the Antarctic ice for 20 hours through Christmas Eve, a British Antarctic Survey team has reluctantly called off its mission to retrieve water samples from an ancient subglacial lake.

The decision to halt drilling through the ice down toward Lake Ellsworth came after the team failed to connect the project's main and secondary boreholes, Martin Siegert, the lead investigator for the project, said on the project's blog.

Lake Ellsworth lies under 2 miles of ice and has been sealed off from the outside world for up to 1 million years. Scientists with the survey have been engaged in a 16-year attempt to drill down and take water samples from the lake. They say that if microbes and other forms of life are living in the frigid water, away from sunlight, those life forms may help researchers better understand the origins of life on Earth and the possible forms life could take on other planets.

  1. Science news from NBCNews.com

    1. Year in Science: Higgs boson takes the prize

      Science editor Alan Boyle's blog: As 2012 draws to a close, physicists are celebrating ? and being celebrated for ? the end of a quest to find a subatomic particle known as the Higgs boson.

    2. How climate shifts sparked human evolution
    3. Injured coral have less 'sex'
    4. 23 scientists and innovators win medals

The scientists were trying to connect the boreholes via a cavity located 984 feet below the ice surface. The cavity recirculates water from the main borehole and would have equalized pressure had the drill penetrated Lake Ellsworth.

Running low on supplies
The camp has been on the ice since Nov. 22, and drilling started on Dec. 13, using a specially designed hot water drill. The effort to establish the connection took so much hot water and fuel that the scientists must now return to the United Kingdom and regroup for next year. [ Extreme Living: Scientists at the End of the Earth ]

"For reasons that are yet to be determined, the team could not establish a link between the two boreholes at 300 meters depth despite trying for over 20 hours," wrote Siegert, a glaciologist at the University of Bristol.

"During this process, hot water seeped into the porous surface layers of ice and was lost. The team attempted to replenish this water loss by digging and melting more snow, but their efforts could not compensate. The additional time taken to attempt to establish the cavity link significantly depleted the fuel stocks to such a level as to render the remaining operation unviable. Reluctantly the team had no option but to discontinue the program for this season.

"This is, of course, hugely frustrating for us, but we have learned a lot this year," Siegert said. "By the end the equipment was working well, and much of it has now been fully field tested. A full report on the field season will be compiled when the engineers and program manager return to United Kingdom."

Drilling in extreme conditions
The harshness of the Antarctic environment and the complete darkness of winter there mean that the team can be at the site only during the comparatively mild months of austral spring and summer, from November through January.

This was not the first snag in the project. A circuit used in the main boiler that supplies hot water to the drill burned out twice earlier this month, forcing the team to await resupply.

At the time, Siegert noted that such difficulties are not unusual when working in Antarctica. "It's a very hostile environment; it's very difficult to do things smoothly," he said on the project's blog.

The drill would have crunched through the ice to the fresh lake water, then sent 24 titanium canisters through the borehole to take water samples. When the drill first started up, the team had to shovel snow in shifts for three days and three nights to melt enough for the needed 15,850 gallons of water, according to the project's blog.

Race to find life
The British group is one of several teams racing to recover water samples from lakes trapped beneath the Antarctic ice.

A group of Russian scientists is drilling down into the waters of Lake Vostok, the largest of Antarctica's buried lakes. The team reached the lake's waters during the last drilling season, on Feb. 5, but the few microbes it found in the retrieved samples were all contaminants from the drilling apparatus.

However, another group of scientists has found a thriving community of microbes in Lake Vida, another buried Antarctic lake that is thought to have been isolated from the rest of the world for about 2,800 years.

In early 2013 an American team is planning to drill to hidden lakes in West Antarctica.

Reach Becky Oskin at boskin@techmedianetwork.com. Follow her on Twitter @beckyoskin. Follow OurAmazingPlanet on Twitter@OAPlanet. We're also onFacebook and Google+.

? 2012 OurAmazingPlanet. All rights reserved. More from OurAmazingPlanet.

Source: http://www.msnbc.msn.com/id/50306811/ns/technology_and_science-science/

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Thursday, December 27, 2012

Ex-President Bush spends Christmas in hospital

HOUSTON (AP) ? Former President George H.W. Bush spent Christmas in a Houston hospital with his wife, Barbara, and other relatives who planned to treat him to a special holiday meal.

Bush's son, Neil, and his wife also visited on Tuesday, and one of Bush's grandsons was planning to stop by as well, said Jim McGrath, Bush's spokesman in Houston.

The 88-year-old has been in the hospital since Nov. 23 with a lingering, bronchitis-like cough. A hospital spokesman had said Bush was likely to be released to spend Christmas at home, but then McGrath said the former president developed a fever.

Doctors remain "cautiously optimistic" Bush will recover, but want to keep him in the hospital while they help him build up his strength and balance his medications, McGrath said.

On Christmas, the Bush family normally eats at Gigi's Asian Bistro in Houston's Galleria neighborhood, McGrath said. There were plans to pick up food at the upscale restaurant and bring the meal to the hospital.

Bush has been receiving visitors for weeks, including two by his son, former President George W. Bush, and one by Jeb Bush, former governor of Florida.

Bush and his wife reside in Houston during the winter, and spend their summers at a home in Kennebunkport, Maine.

The former president was a naval aviator in World War II ? at one point the youngest in the Navy ? and was shot down over the Pacific. He achieved notoriety in retirement for skydiving on at least three of his birthdays since leaving the White House in 1992.

Source: http://news.yahoo.com/ex-president-bush-spends-christmas-hospital-201742793.html

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Computers: It's Time to Start Over - IEEE Spectrum

Steven Cherry: Hi, this is Steven Cherry for IEEE Spectrum?s ?Techwise Conversations.?

If you think about it, it?s weird. Everything about computer security has changed in the past 20 years, but computers themselves haven?t. It?s the world around them that has. An article to be published in the February 2013 issue of Communications of the ACM sums up the situation pretty succinctly: ????

?The role of operating system security has shifted from protecting multiple users from each other toward protecting a single?user from untrustworthy applications.?Embedded devices, mobile phones, and tablets are a point of confluence: The interests of many different parties?must be mediated with the help of operating systems that were designed for another place and time.?

The author of that article is Robert Watson. He advocates taking a fresh start to computing, what he calls a ?clean slate.? He?s a senior research associate in the Security Research Group at the University of Cambridge, and a research fellow at St John's College, also at Cambridge. He?s also a member of the board of directors of the FreeBSD Foundation, and he?s my guest today by phone.

Robert, welcome to the podcast.

Robert Watson: Hi, Steven. It?s great to be with you.

Steven Cherry: Robert, computer security meant something very different before the Internet, and in your view, we aren?t winning the war. What?s changed?

Robert Watson: Right. I think that?s an excellent question. I think we have to see this in a historic context.

So in the 1970s and 1980s, the Internet was this brave new world largely populated by academic researchers. It was used by the U.S. Department of Defense, it was used by U.S. corporations, but it was a very small world, and today we put everyone and their grandmother on the Internet. Certainly the systems that we designed for those research environments, to try and solve really fundamental problems in communications, weren?t designed to resist adversaries. And when we talk about adversaries, we have to be careful, but, you know, I think it?s fair to say that there were, you know, very poor incentives from the perspective of the end user. As we moved to banking and purchasing online, we produced a target, and that target didn?t exist in the 1990s. It does exist today.

Steven Cherry: Your research is focused on the operating system. But how much of computing security is built into the operating system currently?

Robert Watson: We?ve always taken the view that operating system security was really central to how applications themselves experience security. And in historic systems, large multiuser computer systems, you know, we had these central servers or central mainframes, lots of end users on individual terminals. The role of the OS was to help separate these users from each other, to prevent accidents, perhaps to control the flow of information. You didn?t want trade secrets leaking from, perhaps, one account on a system to another one. And when we had large time-sharing systems, we were forced to share computers among many different users. Operating systems have historically provided something called access control. So you allow users to say this file can?t be accessed by this user. This is a very powerful primitive. It allows us to structure the work we do into groups, interact with each other. Users are at their own discretion to decide what they?re going to share and what they won?t.

So the observation we make on these new end-user systems like phones is that what we?re trying to control is very different. The phone is a place where lots of different applications meet. But I?m downloading software off the Internet, and this is something we?ve always, you know, encouraged users to be very cautious about. We said, ?Don?t just download random programs through the Internet. You never know where it will have come from.? You know, you have no information on the providence of the software. And on phones today, we encourage users to download things all the time. So what has changed now? Well, we?ve deployed something called sandboxing inside of these phones so that every application you download runs inside its own sandbox. And that is a very different use of security. And it is provided by the operating system, so it?s still a function of the operating system. So a phone is trying to mediate between these applications, prevent them from doing what people sort of rather vividly describe as ?bricking? the phone. So you have integrity guarantees that you want. You don?t want to damage the operation of the phone. But you also don?t want information to spread between applications in ways that you don?t want.

Steven Cherry: Now, let?s talk about Clean Slate. This is research you?re conducting for the Department of Defense in the U.S., along with noted computer scientist Peter Neumann. Neumann was recently profiled in The New York Times, and he was quoted as saying that the only workable and complete solution to the computer security crisis is to study the past half-century?s research, cherry-pick the best ideas, and then build something new from the bottom up. What does that mean?

Robert Watson: That?s a great question. I mean it is an interesting problem. You know, the market is controlled by what people are willing to pay for a product. And one of the things we know about the computer industry is that it?s very driven by this concept of ?time to market.? You want to get things to the consumer as soon as possible. You don?t do everything 100 percent right. You do it 90 percent right or 70 percent right, because you can always issue updates later, or once you?re doing a bit better in the marketplace, replace the parts, and your second-generation users will expect something a little bit better than what we call early adopters, who are willing to take risks as they adopt technology. So there?s a cycle there that means that we?re willing to put things out that aren?t quite ready. So when we look at algorithms to search for desired values in some large space?and we have this term which is called hill climbing, and the idea of hill climbing is that wherever you are, you look around your set of strategic choices. Do you adjust this parameter? Do you adjust that parameter? And you pick the one that seems to take you closest to the goal that you?re getting to. And you just repeat this process over time, and eventually you get to the top of the hill. So there?s a risk in this strategy. It?s not a bad strategy. It does get you to the top of a hill, but it might get you to the top of the wrong hill.

So what the Clean Slate approach advocates is not throwing the whole world away, but instead taking a step back and asking, Have we been chasing, you know, the wrong goals all along? Or have we made the right choice at every given moment given where we were, but we ended up at the top of the wrong hill? And that?s really what it?s all about. Peter talks about a crisis, and I think it is a crisis. We can see what is effectively an arms race between the people building systems and the people who are attacking systems on a daily basis. Every time you get a critical security update from your vendor or a new antivirus update?these things happen daily or weekly?they reflect the discovery and exploitation of vulnerabilities in the software that we rely on to do our jobs. So we?re clearly, as the defenders, at something of a disadvantage.

And there?s an asymmetric relationship, as we like to say. The attacker has to find just one flaw in order to gain control of our systems. And we, as defenders, have to close all flaws. We must make no mistakes, and we cannot build systems that way; it?s just not a reliable way of doing it. It doesn?t solve the problem. Antivirus is fundamentally responsive. It?s about detecting somebody?s broken into your machine and trying to clean up the mess that?s been left behind by poorly crafted malware that can?t defend itself against a knowledgeable adversary. It presupposes that they?ve gotten in, that they?ve gotten access to your data, they could have done anything they want with your computer, and it?s the wrong way to think about it. It?s not to say that we shouldn?t use antivirus in the meantime, but it can?t be the long-term answer, right? It means that somebody else has already succeeded in their goal.

Steven Cherry: Yeah, I guess what you want to do is compartmentalize our software, and I guess the New York Times article talked about software that shape-shifts to elude would-be attackers. How would that work?

Robert Watson: You know, we could try to interfere with the mechanisms used to exploit vulnerabilities. So, you know, a common past exploit mechanism, something called a buffer of the flow attack. So the vulnerability is that the bounds are calculated incorrectly on a buffer inside of the software, and you overflow the buffer by sending more data than the original software author expected. And as you overflow the buffer, you manage to inject some code, or you manage to insert a new program that will get executed when the function that you?re attacking returns. So this allows the adversary to take control of your machine. So we could eliminate the bug that left a buffer overflow, but imagine for a moment that we?re unable to do that. Well, we could interfere with the way the buffer overflow exploit works. We could prevent it from successfully getting code into execution. So this is something we try to do: Many contemporary systems deploy mitigation techniques. It?s hard to get an operating system that doesn?t. If you use Windows or you use iOS, use [audio unintelligible], they all deploy lots of mitigation techniques that attack exploit techniques.

So the one that we?re particularly interested in is one called compartmentalization. And the principle is? fairly straightforward. We take a large piece of software, like a Web browser, and we begin to break it into pieces. And we run every one of those pieces in something called a sandbox. A sandbox is a container, if you will, and the software in the sandbox is only allowed to do certain things with respect to the system that runs outside the sandbox. So a nice example of this is actually in the Chrome Web browser. So in Chrome, every tab is rendered inside a separate sandbox. And the principle is that if a vulnerability is exploited by a particular Web page, it?s not able to interfere with the contents of other Web pages in the same Web browser.

So originally this functionality was about robustness. What you don?t want is a bug in the rendering of any one page to make all your other tabs close, right, crash the Web browser, require you to effectively, well you almost reboot your computer in some sense as you get started up in your Web sessions again. But Google noticed that they could align these sandboxes with the robust units that they were processing each tab in, try and prevent undesired interference between them. So that?s kind of a rudimentary example of compartmentalization. And it does work, but there were some problems with it.

What we?d really like to do, though, is align these sandboxes or compartments with every individual task that we?re trying to accomplish and the specific rights that are needed. And there?s an interesting principle called the principle of least privilege, which was an idea first really talked about in the mid-1970s, sort of proposed at MIT. And what the principle says is every individual piece of software should run with only the rights that it requires to execute. So if we run software that way, then we?re actually?we can be successful at mitigating attacks, because when you exploit a vulnerability in a piece of software, whether it?s a buffer overflow or maybe something more subtle or maybe something in the logic of the program itself, we just got the rules wrong, you now gain some rights. But you gain only the rights of that particular compartment.

For example, we?d really like not to be able to see what is going on in your online banking. It would seem natural to us as users that that should be the case. But it requires very granular sandboxing. This is part of where our Clean Slate research comes in. Current computer systems were not designed to provide that granularity of sandboxing.

Steven Cherry: You?ve used the word ?fundamental? a couple of times, and I think what you?re advocating is really fundamental. It?s in some ways changing the entire 60-year paradigm of computing, abandoning what?s sometimes called the von Neumann architecture. This is a different Neumann, John von Neumann, who coinvented game theory as well as the modern computer. According to, you know, basically we don?t even put code and data in separate sandboxes. Am I right in thinking it?s that fundamental, and do you think the discipline of computer science is really ready for such a fundamental change?

Robert Watson: Well, it?s an interesting question. So, you know, the von Neumann architecture, as you suggest, originally described in the paper in the mid 1940s on the heels of the success of systems like ENIAC and so on. And what John von Neumann says is if we store the program?you know, there are a number of aspects in the architecture?if we store the program in the same memory that we store data in, we gain enormous flexibility. Provides access to ideas like software compilers that allow us to describe software at a high level and have the computer itself write the code that it?s later going to run. It?s a, you know, pretty fundamental change in the nature of computing.

I don?t want to roll back that aspect of computing, but we have to understand that many of the vulnerabilities that we suffer today are a direct consequence of that design for computers. So I talked a moment ago about this idea of code injection attacks at the buffer overflow where I, as the attacker, can send you something that exploits a bug and injects code. This is a very powerful model for an attacker because, you know, suppose for a moment we couldn?t do that. I?d be looking for vulnerabilities that directly correspond to my goals as the attacker. So I have to find a logical bug that allows the leaking of information. You know, I could probably find one, perhaps. But it?s much more powerful for me to be able to send you new code that you?re going to run on the target machine directly, giving me complete flexibility.

So, yes, we want to revisit some of these ideas. I?d make the observation that the things that are really important to us, that we want to perform really well on computers, that have to scale extremely well, so there could be lots and lots of them, are the things that we put in low-level hardware. The reason we do that is that they often have aspects of their execution which perform best when they?re directly catered to by our processor design. A nice example of this is graphical processing. So, today, every computer, every mobile device, ships with something that just didn?t exist in computers 10 or 15 years ago, called a graphical processing unit, a graphics processing unit, a GPU. So today you don?t buy systems without them. They?re the thing that makes it possible to blend different images, you know, render animations at high speed and so on. Have the kind of snazzy, three-dimensional graphics we see on current systems. Hard to imagine life without it.

The reason that was sucked into our architecture design is that we could make it dramatically faster by supporting it directly in hardware. If we now think security is important to us, extremely important to us because of the costs and the consequences of getting it wrong, there?s a strong argument for pulling that into hardware if it provides us with dramatic improvement in scalability.

Steven Cherry: Well, Robert, it sounds like we?re still in the early days of computing. I guess in car terms we?re still in maybe the 1950s. I guess the MacBook Pro is maybe a Studebaker or Starliner, and the Air is a 1953 Corvette. And it?s up to folks like you to lay the groundwork for the safe Volvos and Subarus of tomorrow. In fact, also for making our cars safe from hackers, I guess, but that?s a whole other show. Thanks, and thanks for joining us today.

Robert Watson: Absolutely. No, I think your comparison is good, right. The computer world is still very much a fast-moving industry. We don?t know what systems will look like when we?re done. I think the only mistake we could make is to think that we are done, that we have to live with the status quo that we have. There is still the opportunity to revise fundamental thinking here while maintaining some of the compatibility we want. You know, we can still drive on the same roads, but we can change the vehicles that we drive on them. Thanks very much.

Steven Cherry: Very good. Thanks again.

We?ve been speaking with Robert Watson about finally making computers more secure, instead of less.

For IEEE Spectrum?s ?Techwise Conversations,? I?m Steven Cherry.

This interview was recorded 5 December 2012.
Segment producer: Barbara Finkelstein; audio engineer: Francesco Ferorelli

Read more ?Techwise Conversations? or follow us on Twitter.

NOTE: Transcripts are created for the convenience of our readers and listeners and may not perfectly match their associated interviews and narratives. The authoritative record of IEEE Spectrum?s audio programming is the audio version.


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Source: http://spectrum.ieee.org/podcast/computing/software/computers-its-time-to-start-over

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Thursday, December 20, 2012

What Gun Violence Costs Society | Ru1Fitness

Making and selling guns and ammunition is a lucrative business for U.S. firearms companies, which will earn nearly $1 billion in profit this year, according to the market research firm IBISWorld. But for the public, the prevalence of guns in American life comes at a steep price -- more than 30,000 deaths a year that cost the health care system and the economy tens of billions of dollars, Centers for Disease Control and Prevention data show.

The full magnitude of these public costs and how to stem them remains crudely understood, in part because federal agencies are handcuffed by laws limiting their research on the subject -- the result of lobbying by opponents of gun control laws. And efforts by the American Medical Association and other health care groups to treat gun injuries and deaths as a matter of public health have been met with fierce resistance from gun-rights activists and politicians.

The murders of 20 children and six adults in the Sandy Hook Elementary School massacre in Newtown, Conn., the second-deadliest shooting rampage in U.S. history, have reignited a public debate about firearms ownership and the cost in lives and dollars of gun violence.

Public debate about guns tends to focus on Constitutional arguments about civil rights and on public-safety and criminal-justice measures such as restrictions against the sale of certain kinds of weapons or ownership by people deemed dangerous. To some in the medical community, however, these arguments ignore the effects that injuries and fatalities from gun use have on American society.

"Death from firearms is not inevitable. It is preventable," said Georges Benjamin, a physician and the executive director of the American Public Health Association.

Benjamin saw firsthand the human toll and economic damage caused by gun injuries and deaths at the height of the bloody drug wars during 1980s and 1990s in Washington, D.C., where he ran the emergency department at one of the city's largest hospitals and later helmed the health department. "The cost to the health care system was enormous," he said. "It's just absolutely enormous."

Preventing unnecessary harm is one reason why the American Medical Association and other health care professional societies adopted policies over a decade ago encouraging physicians to ask their patients questions about gun ownership and gun safety, said Jeremy Lazarus, the president of the American Medical Association.

"Physicians do have a responsibility to talk with their patients about issues related to safety, and especially with children," said Lazarus, a psychiatrist. Questioning patients about firearms is the same as asking whether they use tobacco or wear seat belts, he said. The aim is to prevent patients from getting hurt or killed, as well as identifying people who may potentially be dangerous, he said.

"This happens so often," Lazarus said. Underneath the shocking mass killings that seize the public's attention is an accumulation of violent acts and accidents that cause gun-related injuries and deaths, he said. "Unlike this terrible event that occurred in Connecticut, these other events take place on a daily basis."

Two years ago, 30,470 people died from homicides or suicides using firearms, according to data compiled by the CDC. Guns were the most common means of homicides and suicides, the latter of which accounted for nearly two-thirds of the deaths. Suicide by firearm was the leading cause of violence-related injury deaths in 2010, followed by homicides with firearms, the CDC reported. Together, they made up 57 percent of violent deaths.

Gun-related fatalities are on pace to surpass deaths from automobile collisions by 2015, Bloomberg News reported Wednesday.

The CDC attempts to put a price tag on gun violence in an earlier report. Combining the direct medical costs of treating fatal gun injuries with the economic damage of lost lives, firearms-related deaths cost the United States $37 billion in 2005, the most recent year for which a CDC estimate is available. Non-fatal gun injuries cost an additional $3.7 billion that year, according to the agency.

Guns and ammunition manufacturers will make a projected $993 million in profits on sales of $11.7 billion this year, according to a report issued by the market-research company IBISWorld. Revenues have grown 5.7 percent since 2007, the report says, and the murders in Newtown have sparked a surge in gun sales in recent days.

The Freedom Group, Colt Defense and other large gun makers are privately owned and don't have to disclose financial information, but publicly traded firms do. According to their most recent annual reports as compiled by Yahoo! Finance, Smith & Wesson Holding Corp. earned $58.5 million in profits on $501 million in sales; Sturm, Ruger & Co. had $61.4 million in profit from $443.4 million in revenue; and Winchester manufacturer Olin Corp., which also is in the chemicals business, had profits of $133.7 million on $2.04 billion in sales.

The National Shooting Sports Foundation, an industry trade group, says the total domestic economic impact of the firearms and ammunitions industry broadly is $31.8 billion a year. That's slightly higher than the CDC's estimate of the cost of gun-related violent deaths in 2005.

Unlike for other major causes of death -- heart disease, cancer and and lung disease, for example -- federal medical research agencies are forbidden by law to finance studies that aim to reduce the harm from guns or, as the law phrases it, "advocate or promote gun control."

Controversy surrounding research which concluded that the risks of keeping a gun in the home outweighed the self-defense benefits contributed to Congress forbidding the CDC from funding further studies about the relative dangers and advantages of gun ownership since 1996. The prohibition against such gun-related research now extends to the entire Department of Health and Human Services.

"Public health researchers were doing work to help the public, even more so than policymakers, actually understand basic issues about firearms," said Arthur Kellerman, a senior policy analyst and expert in emergency medicine and injury prevention at the Rand Corp. whose research on firearms helped provoke the backlash against the CDC. "That type of research was very threatening to people who were involved in the debate over gun control."

As a result, the information available to inform the public debate about gun laws and to enable physicians to offer advice about gun safety to their patients is limited, said Kellerman, a medical doctor. The vacuum has been filled by political talking points that don't advance the conversation about the health risks of firearms ownership, he said.

"Bumper stickers and slogans and faith-based decision-making have had a more powerful effect through repetition than the kind of science and rigor that was done on this issues in '80s up to the mid-'90s," Kellerman said.

Addressing firearms as a public health issue has encountered stiff resistance from supporters of gun rights. The American Medical Association's stance on counseling patients about gun safety has been controversial since the issue first gained widespread public attention around 2001.

The American Medical Association is fighting a law that Florida enacted last year forbidding doctors from questioning patients about their guns, which Lazarus says has had a "chilling effect" on physicians asking questions he believes are vitally important to patients' health and safety.

"Physicians should not be restrained in any way from having a discussion with their patients about things they think are helpful for their health," he said.

Need help? In the U.S., call 1-800-273-8255 for the National Suicide Prevention Lifeline.

Source: http://www.ru1fitness.com/?p=18310&utm_source=rss&utm_medium=rss&utm_campaign=what-gun-violence-costs-society

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A Bad Budget Deal (WSJ)

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 and RSS Feed via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/271812002?client_source=feed&format=rss

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Transaction Real Estate Manager Ernst & Young - SelectLeaders

Ernst & Young?s 1,200-person U.S. and Canadian Transaction Advisory Services (TAS) offers companies professional transaction experience, from the strategic analysis phase of the transaction lifecycle, through execution, to transaction integration.

?

Our Transaction Real Estate practice provides real estate analytical services and other business advisory services to developers, builders, investors, lenders and Fortune 500 companies. As we continue to enhance our strong leadership position in the real estate industry, we currently have a career opportunity in our Transaction Real Estate team for a Manager.

?

Responsibilities

Serve as the manager of multiple client engagement teams. Participate in real estate advisory engagements in a fast-paced, service-oriented business environment. Develop new business by leveraging existing professional relationships and building relationships with new and existing clients.??? Engagements include financial analyses, cash flow modeling, analytical model reviews, property/portfolio modeling, loan portfolio underwriting, market due diligence, real estate appraisals and appraisal reviews, and other general real estate advisory services. We are involved in the analysis of a variety of property types including multi-family residential, office, retail, hotel, warehouse, industrial, mixed-use, infrastructure, and special-use properties.?

?

Specific responsibilities will include financial and cash flow modeling, market information research, real estate documents analysis (including site/building plans, leases, appraisals, and mortgage underwriting/lending documents), market studies, and report writing. Participate in business development and marketing pursuit opportunities, interface directly with clients, and manage Seniors and Staff.??

?

To qualify, candidates must have:?

  • a bachelor?s degree in real estate, accounting, finance or business
  • a relevant advanced degree a plus, as is professional accreditation such as the MAI, CPA, or state appraisal certification?
  • a minimum of 7 years of work experience in the real estate field
  • experience in commercial real estate loan underwriting, acquisition due diligence, real estate valuation, asset management, finance, or market research
  • demonstrated supervisory experience and ability to lead multiple teams
  • strong analytical skills
  • advanced Excel, PowerPoint, and Word abilities
  • experience using Argus software

?

Qualified candidates should be able to structure and manage complex engagements and want to take ownership of their projects. They should bring a real sense of passion for real esate. They should demonstrate a thorough understanding of complex real estate concepts and stay informed of technical issues and EY policies. Candidates should be able to develop and maintain productive relationships with client management, focus on deliverables, prioritize multiple tasks, and manage to the budget. They should be able to understand the client's industry and recognize key performance drivers, business trends, and emerging technical and industry developments.? They should be comfortable approaching clients about new business and should have an ability to identify and capitalize on new business opportunities.

?

Candidates must also be able to develop people and delegate work effectively. They must review work performed by the staff, conduct performance reviews, and contribute to on-the-job feedback/training. Candidates should foster teamwork and innovative thinking. They must understand and follow Ernst & Young workplace policies. The successful candidate must also be willing and able to travel, when necessary.

Source: http://www.selectleaders.com/candidate/viewjobdetails.do?jid=27212

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Wednesday, December 19, 2012

3 Product Creation Mistakes To Avoid ? Product Creation Gurus ...

3 Product Creation Mistakes To Avoid

18 Dec 2012?|? Posted by?magicman24?|? 0 Comment.

You Pick A Topic That?s Way Too Broad

Here is something you should always remember when it comes to information product creation. You can?t be everything to everybody. Its just not humanly possible. When you pick a topic that?s too broad there is a good chance you will never complete the product. There will be just way too much for you to cover. It will quickly become overwhelming and you will give up.

Another problem with broad topics is that it will be very hard for you potential customers to know if your product is something they want or need. And if they do decide to get your product they will be lost and confused in the sea of information you are providing. As a result you will end up with a lot of refund requests.

So instead of going too broad focus on a niche within a niche. For example, don?t go after how to lose weight. Instead focus on how to lose weight after pregnancy, how to lose belly fat or how to lose weight for seniors. These are narrow topics within the weight loss niche.

Writing From Your Perspective

When you are writing it is very difficult not to write from your very own perspective. However, it is a big mistake you should avoid. When you write you need to write from the customers perspective. You need to put yourself in their shoes and see the problem how they would see it. Find out how the problem you are trying to solve is causing your prospects pain. Since you are the expert you see the problem from a different angle.

You have already solved it so you have clarity. That same clarity is what your prospects are trying to get. So you have to write from a place that shows you understand where they are coming from. You have to use their language to explain the problem and the solution.

Aiming For Perfection Instead Of Completion

Most newbies will work on the same product for months and months just waiting to get it perfect. I have news for you. You will never get your product as perfect as you want it to be. You will always find something wrong with it. That?s why you have to put it out there as quickly as possible. Striving for perfection will only slow you down.

Always remember that you are creating an information product. That means you can update it as much as you want. Just get it out there so you can start making money. As you learn more about the topic you can update your product. Ever seen the same product with multiple versions? That?s all you have to do with your information product. Have various versions as you update it.

Your goal should be to get the first version out as soon as possible. Give yourself a deadline of two weeks. After two weeks start selling version one. As you get feedback from your customers you can change and update the product as you see fit.

Resource Box

As you can imagine, creating your own top selling information product is a lot of work. But what if I told you there was a way for you to get your very own top selling information product created without you having to lift a finger? Would you be interested? At Product Creation Gurus we do it all. We help you come up with a niche, we research that niche, check the competition and then create for you a bigger and better product. We even create affiliate materials for your affiliates to use.

We even work with you until your conversion rate is 1%-3%. Your only job is to drive traffic and collect the money. You won?t find this type of service anywhere else. So if you are ready to start your very own passive income generating internet business visit http://www.ProductCreationGurus.com TODAY!




Source: http://productcreationgurus.com/3-product-creation-mistakes-to-avoid?utm_source=rss&utm_medium=rss&utm_campaign=3-product-creation-mistakes-to-avoid

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NRA's Facebook, Twitter Pages Return To Life After Critical Reports Emerge

The NRA's Facebook page went live again with the posting first of a graphic advertising a press conference scheduled for Friday in Washington, D.C., closely followed by the sharing of the full text of, and a link to, its first statement since the Newtown massacre, which it sent out to media professionals and posted on its Website earlier in the day as the criticism of the pro-gun group reached its peak.

"The NRA is made up of four million moms and dads, sons and daughters ? and we were shocked, saddened and heartbroken by the news of the horrific and senseless murders in Newtown," the statement reads. "Out of respect for the families, and as a matter of common decency, we have given time for mourning, prayer and a full investigation of the facts before commenting. The NRA is prepared to offer meaningful contributions to help make sure this never happens again."

There was no indication or comment provided to explain why the NRA Facebook page had been down since shortly after the shootings.

Between last Friday and Tuesday, the URL for the organization's Facebook page - which has racked up more than 1.7 million "likes" - redirected visitors instead to the Facebook homepage, and only a Facebook page for the official NRA blog, also silent between last Friday and Tuesday, remained to maintain the organization's presence on the popular social networking site.

The NRA's Twitter account has been accessible ever since last Friday's school massacre, but the first tweet from the gun organization since the tragedy came Tuesday afternoon, when the account tweeted out a link to the Tuesday statement accompanied by the following short message: "Important Statement from the National Rifle Association."

The tweet had only been retweeted 513 times and favorited 125 times within five hours of its being posted, despite the NRA account's massive reach on Twitter.

The last tweet before the Tuesday missive came the morning of the shooting, and included a photo of an ad for its holiday giveaway campaign accompanied by the following message: "10 Days of NRA Giveaways - Enter today for a chance to win an auto emergency tool!"

The fact that the official NRA statement issued by the organization, which is the largest pro-gun group in the United States, was officially described as an "important statement from the National Rifle Association," has drawn the ire of many who believe the group should offer a more robust public response to the Newtown school shooting, which continues to grip the nation.

Source: http://www.ibtimes.com/nras-facebook-twitter-pages-return-life-after-critical-reports-emerge-949450

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Year in review: Dubai real estate | Middle East News | AMEinfo.com

Momentum in the market had been slowly building at the tail end of last year, and by the spring of 2012, a number of property analysts began to report that prices had reached the bottom in certain parts of Dubai.

The turnaround was boosted in part by investors from the Middle East and South Asia looking for a safe haven to park their money. The market was given a further shot in the arm by developers Emaar Properties and Nakheel who launched several off-plan projects, some of which were sold out in a matter of days.

Following is a timeline of some of the major Dubai real estate stories in 2012:

February

? Real estate firm Cluttons said Dubai's residential property market was "still plagued by oversupply" but was seeing "selective stabilisation", with growing demand for homes in some parts of the city. "In some premium locations with only a fixed number of properties on the market, Cluttons is already seeing prices increase as a result of a strong interest in potential buyers," it said. The market was "now more secure and transparent", with residential sales continuing to build on "a positive start to 2012", it added.

March

? Emaar launched the sale of 18 luxury villas in its Arabian Ranches development. Golf Homes, which Emaar priced between Dhs7.3m and Dhs11m, are each set in a plot of land 17,000-27,000 sq ft.

April

? Nakheel launched Palma Residences, its first residential project since 2008. The development consists of 104 Mediterranean style townhouses on Palm Jumeirah, with prices ranging from Dhs6m to Dhs8m.
? A report by Jones Lang Lasalle said residential property prices in Dubai had bottomed out, reaching prices not seen since early 2008. While villa sales increased three percent in the first quarter of 2012, they still lagged 25% behind the peak that was achieved in the third quarter of 2008, JLL said.

May

? CBRE said Dubai's villa market experienced positive rental rate growth in the first quarter for the first time since 2008/2009.
? Nakheel launched sales of 500 sq ft studio apartments on the Palm Jumeirah aimed at the 'young and trendy population of Dubai'. The Palm Views East and West project features 192 pied-?-terre style studios priced at Dhs1m ($272,250).
? Guinness World Records officially recognised Tameer's Princess Tower as the world's tallest residential building. The developer said the 107-storey Dubai Marina skyscraper rises above the skyline at 414m from base to tip.
? Emaar announced that all 224 unit of its 'Panorama at The Views' project in the Greens were sold out in one day. "The sell-out response to Panorama at The Views is a clear testament to investor confidence in Emaar's project delivery credentials and the positive growth being recorded by Dubai's property sector this year," said Ahmad Al Matrooshi, managing director of Emaar Properties.

August

? Dubai's Land Department said Indians were the top buyers of luxury apartments and commercial space in the world's tallest tower, the Burj Khalifa, with $222m worth of investments, followed by Iranians with $128m.
? Nakheel said it sold a plot of land on Palm Jumeirah for $109m. The sale of the 305,704 sq ft plot showed there were "clear signs of renewed investor confidence in Dubai real estate and in particular for unique products such as those offered on Palm Jumeirah," the developer said.
? Dubai's Land Department said a total of Dhs22bn ($5.98bn) was plowed into Dubai's real estate market by foreign investors in the first half of the year.

Source: http://www.ameinfo.com/dubai-property-review-2012-investors-flock-323316

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Watershed meeting for Bank of Japan this week after Abe's win

TOKYO (Reuters) - Japan's central bank gets its first chance this week to respond to the challenge laid down by Shinzo Abe following his party's landslide victory in a general election on Sunday. Investors are already betting it will flinch.

The Bank of Japan is due to hold its regular monthly policy meeting on December 19-20, giving investors and policymakers outside Japan their first glimpse into how the bank intends to stand up to Abe's campaign pledge to push it into more radical economic stimulus measures, including a big increase in the kind of money-printing tactics already being employed by the U.S. Federal Reserve.

The bank's response could influence global financial markets next year, potentially adding the world's third-largest economy to the growing number of nations experimenting with a policy akin to printing money to revive growth and ease government debt. It will also signal how much independence the central bank can retain under the new government.

Abe, who is due to be confirmed as Japan's next premier on December 26 after his Liberal Democratic Party and an ally won a two-thirds majority in the lower house of parliament, applied fresh pressure on the BOJ on Monday.

"It was very rare for monetary policy to be the focus of attention in an election, but there was strong public support to our view," he told his first post-election news conference. "I hope the Bank of Japan takes this into account (at its policy meeting this week)."

He said he hoped the bank would boost its stimulus efforts this week and double its inflation target to 2 percent as early as in January.

Abe also unveiled a plan to revive a top economic panel, eliminated in 2009 by the outgoing government, where the premier can meet regularly with the central bank governor to debate the feasibility of the bank's policies.

"Once my government is created, I'd like to instruct cabinet ministers to work with the BOJ in crafting a joint statement setting 2 percent inflation as a target," he said.

Fourteen of 19 economists polled by Reuters last week said they expected the BOJ to ease again this week, most likely by increasing its 91-trillion-yen ($1 trillion) asset buying and lending program by up to 10 trillion yen.

The prospect of those additional yen pouring into the economy has helped drive the Japanese currency down almost 7 percent since September.

"The fact that the LDP secured a two-thirds majority gives them a strong mandate and will lead to significant policy changes," said Ian Stannard, head of European currency strategy at Morgan Stanley.

NOT ENOUGH

BOJ officials, however, say privately that they fear even an expansion of that size may prove too modest to stave off the heightening political pressure.

Abe campaigned on calls for bolder monetary policy to end Japan's 15 years of deflation and anemic growth, advocating "unlimited" easing to achieve 2 percent inflation, double the bank's current goal, and boost public-works outlays.

Analysts say Abe may also pressure the BOJ to help finance such outlays by boosting its purchases of government bonds.

To preserve the bank's independence, the BOJ is contemplating meeting the demands half-way, according to sources familiar with the central bank's thinking.

The sources said the BOJ may opt for one or two of the following options but not all: agreeing to Abe's higher inflation target, expanding the type of assets the bank buys, investing in a fund to buy foreign bonds that would help weaken the yen, or buying even more government bonds.

"The Bank of Japan is expected to boost bond purchases this week. I wonder whether it will do anything further, as doing too much now would give the impression it is looking at politics alone in guiding monetary policy," said Koichi Haji, chief economist at NLI Research Institute in Tokyo.

Some BOJ officials, particularly those close to its conservative governor, Masaaki Shirakawa, want to delay any action until January when there is more clarity on the new government's policies and when the central bank conducts a quarterly review of its long-term growth projections.

But that may be too costly with business sentiment already slumping and companies delaying capital spending on weak global demand, adding to evidence that any rebound from recession early next year will be minor, analysts say.

"Aside from whether there's political pressure or not, the economy is in bad shape. That's good enough reason for the BOJ to ease this week," said Masamichi Adachi, senior economist at JPMorgan Securities in Tokyo.

Shirakawa's caution may also be overwhelmed by central bank bureaucrats more eager to try new steps, particularly with his five-year tenure expected to expire in April next year.

NEW VENUE FOR DIALOGUE?

The BOJ frets about a possible market backlash. Abe's policy of spending heavily and relying on the central bank for funding could give markets the impression Japan -- already saddled with public debt double the size of its economy -- is losing control of its finances and unleash a bond sell-off, it argues.

Such concern, however, has been ignored by politicians accustomed to leaning on the BOJ for quick stimulus.

Abe revealed a plan to hold regular dialogue with the BOJ governor by resurrecting the Council on Economic and Fiscal Policy, which used to be the government's top decision-making body on economic policies when the LDP was last in power.

Former Prime Minister Junichiro Koizumi used the panel, made of key economic ministers and the BOJ governor, to spearhead structural reforms and set guidelines for drafting the state budget. It was also used as a venue for open debate on the state of the economy and its policy prescriptions. The Democratic Party abolished the panel when it took power in 2009.

Reinstating the body, which the prime minister heads, would give Abe a regular chance to debate with the BOJ chief policy coordination, such as sharing goals on inflation, analysts say.

"The BOJ already says that 1 percent inflation is a target for the time being, so it may strike a compromise with Abe to say that in the long run, it will seek to achieve 2 percent inflation," said JPMorgan's Adachi.

"This panel would be a good place for the BOJ to make its own argument on why deflation can't be beaten by monetary policy alone, although politicians probably won't listen and just keep pressuring it for more stimulus."

The BOJ set its current goal in February and eased policy four times this year, including in September and October, through an increase in asset purchases to ease the pain on the export-reliant economy from slowing global growth.

Central bank executives, including deputy governor Kiyohiko Nishimura, have signaled readiness to loosen policy again soon because of looming risks to Japan's recovery such as the potential pain from the U.S. fiscal cliff early next year.

On Thursday, the BOJ will also announce details of a new loan program unveiled in October to supply banks with cheap long-term funds without limiting the amount of cash made available.

($1 = 83.5000 Japanese yen)

(Editing by Raju Gopalakrishnan)

Source: http://news.yahoo.com/watershed-meeting-bank-japan-week-abes-win-211346179--business.html

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Tuesday, December 18, 2012

Two police stations targeted in Libya's Benghazi

BENGHAZI, Libya (Reuters) - Two police stations were targeted in what appeared to be simultaneous attacks in the eastern Libyan city of Benghazi on Monday, a police source said, a day after four policemen were killed when a compound was attacked.

An explosive device was thrown at an empty car parked in front of Gharyounes police station in western Benghazi early on Monday, the source said. A loud explosion was heard in the area, according to a Reuters reporter nearby.

An explosive device was also thrown in front of another police station in the east of the city, damaging a front wall.

"The attacks appear to be simultaneous. There are no injuries," the source said.

The anti-Gaddafi uprising started last year in Benghazi but Libya's second city is now a hot spot for violence, with arms readily available and state security forces struggling to assert their authority.

On Sunday, unknown assailants fired a rocket-propelled grenade at a Benghazi police compound, which houses patrol cars, damaging an office and killing one policeman. A gun battle followed and three of the police reinforcements who arrived at the scene were killed, a police spokesman said.

That attack is believed to be linked to the recent detention of two men in connection with several assassinations of security officials in the city, as the assault happened next door to a police station where they were being held.

In September, the U.S. ambassador to Libya and three other Americans were killed in an attack on the U.S. diplomatic mission in Benghazi, the worst of a string of attacks on international convoys and official buildings in the city.

(Reporting by Ghaith Shennib; Writing by Marie-Louise Gumuchian; Editing by Jackie Frank)

Source: http://news.yahoo.com/two-police-stations-targeted-libyas-benghazi-source-011345374.html

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Century-old fight for Budweiser name hits new snag

In this Tuesday, Oct. 30, 2012 photo, a brewer checks a glass of beer at the Budejovicky Budvar brewery in Ceske Budejovice, Czech Republic. They've been arguing about a name for 106 years. A small brewer in the Czech Republic and the world's biggest beer maker have been suing each other over the right to put the word Budweiser on their bottles in what has become a David versus Goliath corporate saga. A deal, it seems, will have to wait a bit longer because settlement talks between state-owned Budejovicky Budvar and Anheuser-Busch, a U.S. company now part of AB InBev, have collapsed, according to Budvar's director general, Jiri Bocek. (AP Photo/Petr David Josek)

In this Tuesday, Oct. 30, 2012 photo, a brewer checks a glass of beer at the Budejovicky Budvar brewery in Ceske Budejovice, Czech Republic. They've been arguing about a name for 106 years. A small brewer in the Czech Republic and the world's biggest beer maker have been suing each other over the right to put the word Budweiser on their bottles in what has become a David versus Goliath corporate saga. A deal, it seems, will have to wait a bit longer because settlement talks between state-owned Budejovicky Budvar and Anheuser-Busch, a U.S. company now part of AB InBev, have collapsed, according to Budvar's director general, Jiri Bocek. (AP Photo/Petr David Josek)

In this Tuesday, Oct. 30, 2012 photo, the director of the Budejovicky Budvar brewery Jiri Bocek during an interview with The Associated Press in Ceske Budejovice, Czech Republic. They've been arguing about a name for 106 years. A small brewer in the Czech Republic and the world's biggest beer maker have been suing each other over the right to put the word Budweiser on their bottles in what has become a David versus Goliath corporate saga. A deal, it seems, will have to wait a bit longer because settlement talks between state-owned Budejovicky Budvar and Anheuser-Busch, a U.S. company now part of AB InBev, have collapsed, according to Budvar's director general, Jiri Bocek.(AP Photo/Petr David Josek)

In this Tuesday, Oct. 30, 2012 photo, a Brewer checks a glass of beer at the Budejovicky Budvar brewery, in Ceske Budejovice, Czech Republic. They've been arguing about a name for 106 years. A small brewer in the Czech Republic and the world's biggest beer maker have been suing each other over the right to put the word Budweiser on their bottles in what has become a David versus Goliath corporate saga. A deal, it seems, will have to wait a bit longer because settlement talks between state-owned Budejovicky Budvar and Anheuser-Busch, a U.S. company now part of AB InBev, have collapsed, according to Budvar's director general, Jiri Bocek. (AP Photo/Petr David Josek)

In this Tuesday, Oct. 30, 2012 photo a view of the Budejovicky Budvar brewery, in Ceske Budejovice, Czech Republic. They've been arguing about a name for 106 years. A small brewer in the Czech Republic and the world's biggest beer maker have been suing each other over the right to put the word Budweiser on their bottles in what has become a David versus Goliath corporate saga. A deal, it seems, will have to wait a bit longer because settlement talks between state-owned Budejovicky Budvar and Anheuser-Busch, a U.S. company now part of AB InBev, have collapsed, according to Budvar's director general, Jiri Bocek. (AP Photo/Petr David Josek)

In this Tuesday, Oct. 30, 2012 photo a worker walks past a line of beers at the Budejovicky Budvar brewery in Ceske Budejovice, Czech Republic. They've been arguing about a name for 106 years. A small brewer in the Czech Republic and the world's biggest beer maker have been suing each other over the right to put the word Budweiser on their bottles in what has become a David versus Goliath corporate saga. A deal, it seems, will have to wait a bit longer because settlement talks between state-owned Budejovicky Budvar and Anheuser-Busch, a U.S. company now part of AB InBev, have collapsed, according to Budvar's director general, Jiri Bocek. (AP Photo / Petr David Josek)

(AP) ? They've been arguing about a name for 106 years. A small brewer in the Czech Republic and the world's biggest beer maker have been suing each other over the right to put the word Budweiser on their bottles in what has become a David versus Goliath corporate saga.

A deal, it seems, will have to wait a bit longer because settlement talks between state-owned Budejovicky Budvar and Anheuser-Busch, a U.S. company now part of AB InBev, have collapsed, according to Budvar's director general, Jiri Bocek.

The dispute is over exclusive rights ? when only one of the companies is allowed to use the Budweiser name in any given country. As a larger company, AB InBev is particularly keen to expand its exports and market its beers under the Budweiser brand. But Budvar says that giving up its exclusive rights to the name would threaten to wipe out its own brand from the market.

Budvar recently rejected a proposal for a global settlement by AB InBev, which in turn refused a counteroffer. Bocek said negotiations on these proposals, details of which he could not provide, were over.

"Any new deal proposed by Anheuser-Busch wouldn't be working for us," he told The Associated Press in a rare interview with a major foreign news organization. AB InBev declined to comment on the details of the talks.

The brewers last agreed on a global settlement in 1939 in a pact that gave Anheuser-Busch sole rights to the name Budweiser in all American territories north of Panama. But the peace did not last long as the two companies expanded exports to new markets.

Though AB InBev is far larger than Budvar ? it produces 270 times more beer ? the Czech company has been punching above its weight in the legal arena. It won 88 of 124 disputes between 2000 and 2011 and holds exclusive rights in 68 countries, mostly in Europe, preventing AB Inbev from entering some key markets such as Germany with the Budweiser brand.

When the companies do not have exclusive rights to the Budweiser brand in a country, they resort to using slightly altered names. AB Inbev sells its Budweiser as Bud in many European countries. Budvar sells its lager as Czechvar in the U.S.

One of the issues, Bocek said, is that AB Inbev is not satisfied with sharing the brand name.

"Their goal is to gain exclusivity for their Budweiser all around the world," said Bocek, who as head of Budvar for the past 21 years has raised the heat on the larger rival.

Co-existence is possible, however. In fact, the two companies already share the Budweiser name in one country, Britain.

Both brewers were granted the right to use the name in 2000 after a British court ruled that drinkers were aware of the difference between the two beers. An appeals court this summer rejected AB InBev's request to have Budvar's trademark declared invalid.

AB InBev is not happy with the situation.

"Our concern is that coexistence on the U.K. market with the Budweiser brand will lead to consumer confusion," said Karen Couck, the spokeswoman for AB Inbev. "We want to make sure that when our customers order a Budweiser that they receive the clean, crisp taste of the global brand we have created."

But most beer drinkers would easily spot the difference, says Iain Loe, former research manager for Britain's Campaign for Real Ale, a consumer rights organization.

Budvar has "a full bodied taste" while "AB's Budweiser has little taste, or in the words of AB InBev, a clean taste," said Loe. "Customers know which beer is which."

The companies' claims to the Budweiser name are built on two main arguments ? geography and history.

Budejovicky Budvar was founded in 1895 in the southern city of Ceske Budejovice ? called Budweis at the time by the German-speaking people who formed about 40 percent of the area's population. Beer has been brewed here since 1265 and has been known for centuries as Budweiser.

Budvar argues that only beer that is brewed in this corner of the Czech Republic can be called Budweiser.

The founders of Anheuser-Busch in St. Louis used the name for their product because it was so well-known. The brewer, founded in 1852, began producing Budweiser, America's first national beer brand, in 1876 ? 19 years before Budvar was founded.

The two companies have been in a legal battle since 1906. Today, the dispute is being waged through 61 suits in 11 countries.

Budvar has some leverage in the dispute in that AB InBev may be missing out on a larger bulk of sales until a settlement is found, since its operations are so much bigger. It brewed 349.8 million hectoliters last year compared with Budvar's 1.32 million hectoliters. That's the equivalent of 73.9 billion pints against 279 million pints.

"Budvar blocks the markets where AB InBev, due to its trading power, marketing and distribution potential, would likely gain significantly more," said Karel Potmesil an analyst at stock brokerage Cyrrus AS. "The dispute limits the development of the brands that the company considers the most valuable in the industry."

If the issue is frustrating AB InBev, the company is not showing it.

"The dispute has not hindered our global expansion," said Couck, the spokeswoman.

She cited figures showing AB InBev's global sales were up 3.1 percent in 2011 and 6.2 percent in the first nine months of 2012. The U.S. Budweiser is brewed in more than 15 countries and sold in more than 80 others. Its key markets are the United States, China, Canada and Britain.

Budvar holds rights for Germany and other European markets as well as 11 Asian countries, including Japan, Korea, China and Vietnam.

"It's certainly quite unpleasant for AB InBev that it cannot sell the well-known brand it has developed on some key markets, especially in Germany, which is the most important market for Budvar," said Potmesil.

Budvar is also being hurt by the legal standoff: because of the legal issues, it takes seven to 10 years for the company to enter a new market.

But Potmesil noted Budvar does not gain much by entering new markets. It has a smaller marketing budget and its beer typically costs more, which hurts sales in lower-income countries like China.

In the end, the dispute mainly provides Budvar with protection against competition from AB InBev. Against such a large rival, Bocek said, it is essential that Budvar use all the legal leverage it can. "We have a right to exist," he said.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-12-18-Czech-Bud%20Wars/id-e014458964a64678a16f1429b05b5382

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