Pullback possible after stocks reach milestone

Ryan Vlastelica , Reuters ? ? ? 36 min.

NEW YORK -- After flirting with an all-time high for three weeks, the S&P 500 posted its best closing level in history. But strategists say Thursday's record could be a harbinger that the stock market rally is running out of steam.

The S&P traded within 10 points of the all-time closing high for 13 sessions before breaking through, showing that investors need new catalysts to push firmly above resistance levels.

"As the market has gone higher ... upward moves have generally gotten smaller, which suggests that the move is getting old and that we need a pullback," said Mark Arbeter, chief technical strategist for Standard & Poor's in New York.

Stocks could fall about 3 percent to 4 percent, he said.

The benchmark index has risen almost 10 percent so far this year, fueled by strong profit growth and accommodative monetary policy from the Federal Reserve. But those gains have slowed as investors fret over Cyprus's bailout and mixed signs about the economy.

Still, stocks have been resilient, lifting the S&P to its record close of 1,569.19 on Thursday. Investors stepped in on declines to buy and finally pushed the S&P above the previous record set on October 9, 2007.

The broad index is also within a stone's throw of its intraday record of 1,576.09. The Dow surpassed its record close on March 5 and set a series of records, ending Thursday at 14,578.54.

The S&P has risen for 11 of the past 13 weeks, up 0.4 percent over the past two weeks. In contrast, the CBOE Volatility index, a measure of investor anxiety, is up about 14.5 percent over the same period.

"The increase in volatility we've seen is far more likely to be the sign of a short-term top" than the trend of investors buying on dips, Arbeter said. "If that volatility persists, then you would need to worry about an intermediate top."

In addition, speculator positions show a preference for holding long positions. Mike O'Rourke, chief market strategist at Jones Trading, noted that long positions account for more than 65 percent of speculative positions in futures contracts, a point at which rallies can be overextended.

U.S. markets will be closed for the Good Friday holiday and reopen on Monday.

The stock market next week will face tests of the milestone it reached, with the situation of Cyprus's banks and a round of U.S. data, including the March jobs report on Friday, facing investors.

About 197,000 jobs were added in March, according to a Reuters poll of economists. That would be down from the 236,000 jobs created in the previous month but still suggest improvement in the labor market. The unemployment rate is seen holding steady at 7.7 percent.

A strong payroll report could spark caution if it raises questions about whether the Federal Reserve would be more inclined to reduce monetary stimulus more quickly.

"There will be those who fear that if things improve too dramatically, too quickly, the Fed will take its foot off the pedal of quantitative easing," said Kristina Hooper, head of portfolio strategies at Allianz Global Investors in New York.

So far, however, the Fed has not suggested a change in its stimulus measure is likely. If the central bank slows the rate of its monthly bond purchases, a program that has been credited with boosting equity prices, "that could cause some weakness," Hooper said.

Rex Macey, chief investment officer at Wilmington Trust in Atlanta Georgia, said a "Goldilocks report" was needed for markets to rally.

In the first quarter the S&P rose 10 percent. It gained 3.4 percent in March, the index's fifth straight monthly rise. The Dow was up 3.7 percent in March and more than 11 percent in the first quarter, while the Nasdaq composite index was up 3.2 percent in March and 8 percent in the quarter.

Cyprus will remain in focus after the government was forced to accept a stringent European Union rescue package to avert default. In a positive sign, there were no runs by depositors on banks after they reopened under tight controls on Thursday.

Macey, who helps manage about $20 billion in assets, compared the market's situation to the card game "Texas Hold 'Em" poker where players start out with cards they can see and don't see additional cards until after rounds of betting.

"Based on the cards we can see now, which are things like economic fundamentals, I think stocks are a fine place to be in the longer term," he said. "However, there are still cards we can't see, like what the resolution will be in Cyprus, that could cause trouble."

Copyright 2013 Thomson Reuters.

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YouTube to shut down, announce winner on April Fool's Day

Year after year, Google pulls the best pranks. It'll be tough for Maps or Gmail to top this tomorrow.

Thanks for all your great entries. YouTube finally has enough videos to begin selecting a winner. What do you think is the #bestvideo on YouTube?

We've been thrilled with all of the diverse, creative entries we've seen so far, and we can't wait to begin the process of selecting the best video. We'll be announcing the winner in 10 years.

Slow clap, YouTube. Slow, building clap.

In honor of YouTube's shuttering, here are some of my favorite iMore videos over the years.

Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/3qsCZfGOHM0/story01.htm

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Killer waves: Scientists study how tsunamis changed history

USGS

Beach damage between Banda Aceh and Krueng Sabe on Jan. 28, 2005, after a devastating tsunami.

By Becky Oskin
LiveScience

In a jumbled layer of pebbles and shells called the "Dog's Breakfast deposit" lies evidence of a massive tsunami, one of two that transformed New Zealand's Maori people in the 15th century.

After the killer wave destroyed food resources and coastal settlements, sweeping societal changes emerged, including the building of fortified hill forts and a shift toward a warrior culture.

"This is called patch protection, wanting to guard what little resources you've got left. Ultimately it led to a far more war-like society," said James Goff, a tsunami geologist at the University of New South Wales in Australia.

The Maori?were victims of a one-two punch. An earthquake on the nearby Tonga-Kermadec fault triggered the first tsunami in the mid-15th century. It was soon followed by an enormous wave triggered by an exploding volcano called Kuwae, near Vanuatu. The volcano's 1453 eruption was 10 times bigger than Krakatoa and triggered the last phase of worldwide cooling called the Little Ice Age.

The tsunamis mark the divide between the Archaic and Classic periods in Maori history, Goff said. "The driver is this catastrophic event," he told OurAmazingPlanet.

Goff is one of many scientists searching for ancient tsunamis in the Pacific and elsewhere. The devastating 2004 Indonesia tsunami and earthquake, which killed 280,000 people, brought renewed focus on the hazards of these giant waves. Understanding future risk requires knowing where tsunamis struck in the past, and how often. As researchers uncover signs of prehistoric tsunamis, the scientists are beginning to link these ocean-wide events with societal shifts.

Government of Australia

"Following 2004, there has been a lot of rethinking and a greater appreciation for how such events would have impacted coastal settlements," said Patrick Daly, an archaeologist with the Earth Observatory of Singapore.

Vulnerable islands
The West's written history and legends clearly illustrate the consequences of tremendous tsunamis in the Mediterranean. A great wave destroyed Minoan culture on the Greek island of Crete in 1600 B.C. The same tsunami may be responsible for the legend of Atlantis, the verdant land drowned in the ocean. More recently, in 1755, an enormous tsunami destroyed Lisbon, Portugal, Europe's third-largest city at the time. The destruction influenced philosophers and writers from Kant to Voltaire, who references the event in his novel "Candide." [10 Tsunamis That Changed History]

But islands face a much greater threat from tsunamis than coastal communities. After the Lisbon tsunami, the king of Portugal immediately set out to rebuild the city, which was only possible thanks to the presence of untouched inland areas.

"An island becomes totally cut off from the outside world," said Uri ten Brink, a marine geologist with the U.S. Geological Survey in Woods Hole, Mass. "Islands are a lot more vulnerable to such disasters. It's the same kind of thing as during bad hurricanes. It takes a lot longer to recover."

Exposed on all sides, islands are simply more likely to be hit by tsunamis. People settle in shallow bays, which are protected from storms but actually magnify the height of incoming tsunami waves. Food in these societies comes from marine resources, which are destroyed by tsunamis, and croplands that become inundated with saltwater. Boats are smashed, halting trade and communication. Goff said women, children and the elderly are most likely to die, and in Polynesian culture, elders hold the knowledge needed to build boats, make tools and grow food.

The islands of the Pacific are particularly vulnerable. About 85 percent of the world's tsunamis strike in the Pacific Ocean, thanks to its perilous tectonics. Tsunamis are waves triggered when earthquakes, landslides or volcanic eruptions shove a section of water. Ringed by subduction zones, spots where one of Earth's plates slides beneath the other, the Pacific suffers the world's most powerful earthquakes, and it holds the highest concentration of active volcanoes.

USGS

A coal barge and tug carried onto land in Lho Nga, Sumatra in 2004. The tsunami runup reached 104 feet (32 m) here.

But the kind of tsunami that can change history, one that sweeps across the entire ocean, is rare.

"There are many tsunamis where there's been no cultural response or no obvious one," Goff said. "The smaller events aren't going to be the game changers."

Polynesia and tsunamis
But Goff thinks he's found a "black swan" that hit 2,800 years ago, the result of an enormous earthquake on the Tonga-Kermadec subduction zone, where two of Earth's tectonic plates collide. The tsunami scoured beaches throughout the Southwest Pacific, leaving distinctive sediments for scientists to decode. Goff's findings are detailed in several studies, most recently in the February 2012 issue of the journal The Holocene.

The tsunami coincides with the mysterious long pause, when rapid Polynesian expansion inexplicably stopped for 2,000 years. Before the pause, settlers had swiftly crossed from New Guinea to Fiji, Tonga and Samoa over the course of about 500 years.

"It's one of those archaeological conundrums," Goff said. "Why? Well, if I just had my culture obliterated, it might take me a little time to recover. It's probably not the only explanation, but it very well could have been the root cause of why they stopped," he told OurAmazingPlanet.

Two tsunamis in the 15th century had a similarly chilling effect on Polynesian society. After leaving Samoa between AD 1025 and 1120, Polynesians spread across the Pacific Ocean, discovering nearly all of the 500 habitable islands there, according to a study published Feb. 1, 2011, in the Proceedings of the National Academy of Sciences. The Polynesian network covered an area the size of North America, all traversed by wooden canoes. [7 Most Dangerous Places on Earth]

Following the tsunamis, the culture contracted, with the rise of chiefdoms, insularity and warfare, Goff said. "There was a major breakdown at exactly that time," Goff said. "You have to live on what you have on your island, and that causes warfare and a fundamental shift in how they go about living."

Indian Ocean tsunami history
Paleotsunamis also froze trade in the Indian Ocean, according to recent studies by geologists and archaeologists.

Along the Sunda fault off the Indonesian island of Sumatra, which spawned the deadly 2004 tsunami, growth patterns in coral reefs record past earthquakes. Combined with sediment layers that point to past tsunamis and historic records of cultural shifts, the clues suggest a 14th century tsunami with an impact as great as the modern cataclysm.

After the 14th-century tsunami, Indian Ocean traders shifted to the sheltered northern and eastern coasts in the Straits of Malacca, and activity ceased in coastal settlements in the same area hit by the 2004 wave, said Daly of Singapore's Earth Observatory.

"We think that the 14th-century tsunami disrupted one of the main trading routes connecting the Indian Ocean with China and Southeast Asia, a far more powerful impact on a global scale than what happened in 2004," Daly said.

After about a century, there was a gradual shift back, leading to the establishment of the flourishing Acehnese Sultanate from the 16th century, he said.

"It is interesting to think that later settlement only began after the memory of the previous event had faded," Daly told OurAmazingPlanet. "A huge, unexpected deluge of water that wiped out everything along the coast would have been really traumatic and incomprehensible to people in the past, and it is reasonable to suspect that the survivors would have been very apprehensive about moving back into such areas."

Repeating the past
Warnings would be passed down in oral or written stories and legends. The Maori offer detailed accounts of a series of great waves that hit the New Zealand coast. Along the Cascadia subduction zone, west of Washington state, tribal mythology documents a 1700 tsunami, with warnings to flee to high ground.

But because history-changing waves are rare, the warnings may be lost to time, or disregarded. In Japan, stone markers warned of the height of past tsunamis, and told residents to flee after an earthquake. Not all heeded the ancient admonitions when the 2011 Tohoku earthquake struck and sent a massive wave ashore.

By studying past tsunamis and their causes, researchers such as Goff and ten Brink of the USGS hope to reduce the destruction and loss of life from future waves. Right now, ten Brink is on Anegada Island in the Caribbean, investigating whether a tsunami there between 1450 and 1600?came from Lisbon or a local source. The project started as a hunt for evidence of a magnitude 9.0 earthquake, one similar in size to those in Japan and Sumatra. Goff is assembling a database of Pacific paleotsunamis, including the 1450 wave, which ran 100 feet (30 meters) inland along the New Zealand coast.

"The reason we're interested in looking at old tsunamis is we're worried about how often these things happen," Goff said.

The question is whether increased knowledge about the scope and frequency of tsunamis will change current and future decision-making. [Read: Tsunami Warnings: How to Prepare]

"The early evidence from the last few destructive tsunamis suggests that we don't necessarily learn lessons that well, and people in general seem to be willing to remain in highly vulnerable areas," Daly said.

Email Becky Oskin or follow her @beckyoskin. Follow us?@OAPlanet, Facebook?or Google +. Original article on LiveScience's OurAmazingPlanet.

Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Mobile Miscellany: week of March 25th, 2013

If you didn't get enough mobile news during the week, not to worry, because we've opened the firehose for the truly hardcore. This week, an unknown T-Mobile handset with Snapdragon 800 internals lit up the benchmarks, Sony was foiled at the lock screen and Rogers made 44 new promises without saying much at all. These stories and more await after the break. So buy the ticket and take the ride as we explore all that's happening in the mobile world for this week of March 25th, 2013.

Filed under: Cellphones, Wireless, Software, Mobile

Comments

Source: http://www.engadget.com/2013/03/30/mobile-miscellany/

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Police searching for man who fell from plane

CHATTANOOGA, Tenn. (AP) ? Authorities in southeastern Tennessee are searching for a man who was thrown from an experimental aircraft while he was learning to fly from an instructor.

The Chattanooga Times Free Press reports (http://bit.ly/11YgGrn ) that police in Collegedale and the Hamilton County Sheriff's Office on Friday were searching the ground for the man, who has not been identified.

Collegedale Municipal Airport employee Lowell Sterchi said the man was being trained by an instructor in his Zodiac 601 aircraft at about 2,500 feet when the canopy came off.

The man's seat belt was not fastened and he was thrown out from the plane over the East Brainerd and Apison areas of the county.

Sterchi said the instructor, who Sterchi would not identify, landed the plane and was not physically hurt. Sterchi said the Federal Aviation Administration and the National Transportation Safety Board have been notified.

Source: http://news.yahoo.com/police-tenn-search-man-fell-plane-001011029.html

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NY coke plant, manager convicted in pollution case

BUFFALO, N.Y. (AP) -- A Buffalo-area industrial plant and an employee have been convicted of violating federal clean air laws and other environmental regulations by allowing the release of cancer-causing benzene and other pollutants into the air and ground.

Tonawanda Coke Corp. was found guilty Thursday in federal court of 11 counts of violating the Clean Air Act and three counts of violating the Resource Conservation and Recovery act. The jury also convicted the plant's environmental control manager, Mark Kamholz, on 15 counts, most of them for violating clean air laws, according to the U.S. attorney's office.

The verdict followed a four-week trial that included testimony from former and current employees of the plant along the Niagara River north of Buffalo. The privately held company produces a coal-based additive called coke that is used to make steel. Neighbors have long blamed it for high levels of benzene, an element of coke oven gas.

A 20-count indictment unsealed in 2010 charged the company and Kamholz with allowing the release of toxic gases from 2005 through 2009 and operating the plant during that time without required pollution-controlling baffles.

Kamholz was accused of instructing an employee, prior to a 2009 inspection by the U.S. Environmental Protection Agency, to conceal the fact that an unreported pressure relief emitted coke oven gas directly in the air, a violation of its operating permit. In addition to the clean-air violations, Kamholz was convicted of obstruction of justice.

Prosecutors said the company also illegally stored and disposed of hazardous waste without a permit, instructing workers to mix coal tar sludge, a listed hazardous waste that contains benzene, on the ground.

"From the evidence of this case, where literally hundreds of tons of coke oven gas containing benzene was released into the atmosphere and significant quantities of hazardous waste containing benzene were left out in the open," U.S. Attorney William Hochul said Thursday evening, "it would be hard to imagine a more callous disregard for the health and well-being of the citizens of this community."

Tonawanda Coke and Kamholz, 65, face potential fines of up to $200 million. Kamholz, who worked for Tonawanda Coke for 30 years, also could receive up to 75 years in prison. Sentencing is scheduled for July 15.

Neither Kamholz nor Tonawanda Coke attorneys and executives commented after the verdict, which followed nearly a full day of deliberations.

Source: http://news.yahoo.com/ny-coke-plant-manager-convicted-153308118.html

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German migrant program offers cautions for US

BERLIN (AP) ? In gritty backstreets of Berlin, housewives wearing head scarves shop for lamb and grape leaves. Old men pass the time in cafes sipping coffee, chatting in Turkish and reading Turkish newspapers.

More than three million people of Turkish origin live in Germany ? the legacy of West Germany's Cold War-era program to recruit temporary foreign labor during the boom years of the 1950s and 1960s when the country rebuilt after World War II.

What started as a temporary program has changed the fabric of German urban life ? from mosques on street corners to countless shops selling widely popular Doener kebab fast food sandwiches.

Germany's experience with "guest workers" offers lessons for the United States as it debates immigration reform, including whether to provide a path to citizenship for unskilled foreign laborers, or whether there should be additional temporary-only visas for such workers. President Barack Obama has urged Congress to begin debate in April after lawmakers return from a two-week recess.

Decades after Germany's formal guest worker program ended in the early 1970s, the country is still wrestling with ways to integrate Turks ? the second biggest group among the estimated 15 million-strong immigrant community ? into German society.

"When you bring people to work, it's quite hard to tell them to go back one day," said Goecken Demiragli, a social worker whose grandmother came to Berlin from Turkey in 1968. "That was the biggest mistake: to think that if you don't need them, they will go."

Initially, the Germans felt they didn't need an integration path.

They foresaw a temporary program of rotating labor, where workers from Turkey, the Balkans and southern Europe would spend a couple of years on an assembly line and then go home to be replaced by others if industry still needed them.

But factory managers grew tired of retraining new workers every couple of years and convinced authorities to allow contract extensions.

Many immigrants, especially young Turkish men who faced grinding unemployment at home, opted to stay in Germany, bringing their families and building lives here despite discrimination in education, housing and employment.

Although immigrants could stay legally with government-issued residence permits, they could not apply for citizenship for 15 years, although the period has been shortened in recent years. Without fluent German, and state-supported language programs, many were unable to pursue good educations and well-paying jobs.

As a result, the Turkish community remains the least integrated immigrant group in Germany, according to the private Berlin Institute for Population and Development.

Immigration critics blame the Turks for refusing to abandon traditions of rural Turkey, failing to learn German and take advantage of educational opportunities. Critics note that more than 9percent of marriages by ethnic Turks are to other Turks ? in part because of cultural restrictions against marrying outside the Muslim faith.

Over the years, the existence of a parallel society of marginalized people speaking a different language and following different religious and social customs has triggered a backlash in a country which only recently has considered itself a nation that welcomes immigrants.

Thilo Sarrazin, once a top official of Germany's central bank, wrote in a 2010 best-seller that immigrants were dumbing down German society and that Turkish and Arab immigrants were reluctant to integrate. The firestorm that followed forced Sarrazin out of his bank post, but his book sold over 1.5 million copies.

Others fault successive German governments for being slow to recognize the immigration problem and moving only in recent years to put in place programs to combat discrimination, provide German language training and offer a speedier path to full citizenship.

"The West German government should have devised comprehensive integration measures as part of family reunification policies but did not," a 2009 study for the Washington-based Migration Policy Institute. "Consequently, integration problems began to take root in West Germany."

In the meantime, an entire generation grew up feeling estranged, living in urban ghettoes apart from the mainstream and unable to take part in political life. Even well-educated Turks who have assimilated believe that stigma remains alive today.

"There's this categorization ... that you are not the same as the others," said Demiragli, the social worker, who was born in Germany but did not get citizenship until she was 16. "That is a feeling that grows in you if you do not have strong parents who can support you and give you the feeling that you are still special."

Overt discrimination has abated since the 1970s and 1980s when real estate ads in German newspapers contained phrases like "Only for Germans" or "No Foreigners." But Turkish residents say subtle barriers remain.

"Now it's more hidden," said Bekir Yilmaz, head of a Turkish community organization in Berlin. "You look for housing, you make a telephone call, you can speak German well but when you stand in front of the landlord, they say 'oh the apartment is taken.'"

Yilmaz believes the problem has worsened since the 9/11 attacks in the United States and the war on terror smeared the image of Muslims.

"The West had its enemy in communism but communism is gone. Now it's the Muslims," Yilmaz said. "The Turks here are no enemy. They have lived here for years, and their children born here. This has nothing to do with reality."

German attitudes toward immigration and citizenship also proved an obstacle to full and rapid integration. Although attitudes are changing, Germany never perceived itself as an immigrant society like the United States. German society values conformity.

Unlike the United States, Germany does not automatically grant citizenship to anyone born on German soil. Even though the naturalization process has been shortened, it still takes years and requires knowledge of the German language and history.

In 2000, a new law granted German citizenship to German-born children of longtime legal residents. By age 23, those children must decide whether to keep German citizenship or their parents' nationality.

Chancellor Angela Merkel's government has refused calls from Turkish and other immigrant communities to allow dual citizenship. Many immigrants are reluctant to apply for German citizenship because they want to hold on to their original nationality.

"I think we should have a dual citizenship here in Germany," said Ayvaz Harra, a German citizen of Turkish origin who sells bread in a Berlin market. "My family has property in Turkey and I would like to inherit it. Right now it's not possible."

But others believe the core problem was the government's failure to foresee the long-term effects of the temporary labor program.

"The problem here is that there is a picture of how Germans should live and if somebody is living differently, it doesn't fit," Demiragli said. "I think that in 20 to 30 years it will be a totally mixed community, especially here in Berlin. If we get over that 20 years, I think it will be a totally different situation."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-03-28-EU-Germany-Immigration-Lessons/id-db4a39bff8874a6b85b079da9e376a38

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UK police: Berezovsky's neck had been bound

WINDSOR, England (AP) ? Russian tycoon Boris Berezovsky was found dead on his bathroom floor with his neck bound and a similar piece of material attached to a shower rail, a police officer told a coroner's inquest on Thursday.

Detective Inspector Mark Bissell of Thames Valley Police said there were no signs of a struggle, but that the involvement of a third party "cannot be completely eliminated as tests remain outstanding."

Investigators have not specified the nature of the ligature ? a cord or other material used for binding ? that was found around the neck of the 67-year-old oligarch.

Berezovsky, a one-time Kremlin powerbroker-turned-critic of Russian President Vladimir Putin, lived in self-imposed exile in Britain.

Bissell said Berezovsky was last seen alive at 9:05 p.m. on Friday. His body was found Saturday by a member of his staff at 3:20 p.m. at his mansion in Ascot, 25 miles (40 kilometers) west of London.

Police are still searching the property and toxicology tests are being conducted on Berezovsky's body.

Several wealthy Russians have died suddenly in Britain in recent years ? most notoriously Berezovsky's friend Alexander Litivinenko, who died in 2006 of poisoning after ingesting the radioactive isotope polonium-210. Britain has accused two Kremlin-linked Russians in the killing of the former KGB agent, who had fled to Britain.

Speculation has swirled about possible foul play in Berezovsky's death. But friends also say he was depressed after losing a 35 million pound ($54 million) lawsuit against a former business partner, Chelsea Football Club owner Roman Abramovich.

A mathematician-turned-Mercedes dealer, Berezovsky built up his wealth during Russia's chaotic privatization of state assets in the 1990s following the 1991 breakup of the Soviet Union.

Berezovsky helped build up Putin's power base but fell out of favor and was charged in Russia with fraud and embezzlement.

A U.K. coroner's inquest ? held to determine the facts in cases of violent or unexplained deaths ? opened with a brief hearing Thursday at Windsor's Guildhall, then was adjourned to a later date.

Officials said Berezovsky had legally changed his name to Platon Elenin in 2003 and would be identified by that name at the inquest.

Source: http://news.yahoo.com/uk-police-berezovskys-neck-had-bound-120105951.html

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TapTapPass Quickly Enables Your iPhone's Passcode from Anywhere

iOS (Jailbroken): If you want to enable the passcode on your iPhone you usually need to jump into the settings, hit the toggle, and enter your passcode. It's a bit tedious, but if you want to speed up the process TapTapPass makes it possible to enable your passcode from pretty much anywhere.

TapTapPass works with Activator so you can set up a tap or gesture to instantly enable your passcode. When you perform the activator function, the screen locks with the passcode enabled. After you unlock it once, the passcode is disabled again. If you're the type to only need a passcode occasionally, this is a great way to get the benefits of a passcode without the trouble of having it on all the time. Of course, you can always automate the process as well.

TapTapPass | Modmyi via iDownloadBlog

Source: http://feeds.gawker.com/~r/lifehacker/full/~3/1FD4d50CbbE/taptappass-quickly-enables-your-iphones-passcode-from-anywhere

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CA-BUSINESS Summary

Asian shares gain as U.S. data builds optimism

TOKYO (Reuters) - Asian shares rose on Wednesday, comforted by positive U.S. data pointing to a moderate recovery in the economy, but worries over the implications of the Cyprus bank bailout deal, and the losses it imposed on investors, weighed on the euro. European markets were seen adding small gains, with financial spreadbetters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> likely to open around 0.3 percent higher. Benchmark indices in Spain <.ibex> and Italy <.ftmib> were seen likely to open 0.1 percent and 0.2 percent higher. <.l><.eu/>

Analysis: Citigroup looks to cut cash holdings to boost earnings

NEW YORK (Reuters) - Citigroup Inc is considering cutting its cash on hand by about $35 billion, which should help the bank buy higher yielding assets or redeem expensive debt to boost earnings. Making the change will signal that the management of the third-largest U.S. bank by assets, which had to be rescued three times by the U.S. government in the financial crisis, is increasingly confident that its worst troubles are well behind it.

Agrium wins crucial endorsement ahead of shareholder vote

TORONTO (Reuters) - Agrium Inc won another ringing endorsement just ahead of a crucial shareholder vote after influential advisory firm Glass Lewis on Tuesday advised its clients to back all 12 of Agrium's board nominees over a slate nominated by dissident investor Jana Partners. The recommendation from the well-regarded advisory firm is a big boost for Agrium ahead of a shareholder vote on April 9 and follows similar recommendations from smaller firms like U.S.-based Egan-Jones and UK-based Pensions Investment Research Consultants.

BlackBerry targeted by short sellers as market awaits results

TORONTO (Reuters) - BlackBerry's share price has more than doubled over the last six months as buzz around its new smartphones has boosted investor confidence, but some traders are betting big that talk of a turnaround is over-hyped. Nasdaq data released on Tuesday shows that short interest in the stock is at record levels and has more than doubled over the course of the last year.

Credit Suisse buys Morgan Stanley's European private bank

ZURICH (Reuters) - Credit Suisse said on Wednesday it would buy Morgan Stanley's wealth management arm in Europe, the Middle East and Africa, with total assets under management of $13 billion. "The acquisition will add scale to the bank's core growth markets in EMEA including the UK, Italy, Nordics, Russia and the Middle East," Credit Suisse said in a statement.

Toyota to sell in 2015 vehicles built through parts-sharing

TOYOTA, Japan (Reuters) - Toyota Motor Corp will start selling in 2015 the first vehicles built under its parts-sharing and platform framework, the company said on Wednesday, as rivals led by Volkswagen pursue similar strategies to cut costs. The framework, called the Toyota New Global Architecture (TNGA), shares parts among vehicles using the same platform in order to save costs and manpower.

F-35 fighter transforming defense industry says retiring chief

WASHINGTON (Reuters) - The retiring chief of the trouble-plagued F-35 Joint Strike Fighter says he remains bullish about the hi-tech war plane, with costs soon to be further reduced as production takes off, and believes the program will transform the aerospace industry. Tom Burbage, a former Navy test pilot and general manager of the F-35 program since its inception 12 years ago, said the $396 billion weapons program, which will create a supersonic, single-engine fighter jet for use by the United States and its allies, still made strategic sense.

Prosecutors examining JPMorgan's actions in Madoff fraud case: NYT

(Reuters) - U.S. prosecutors are examining whether JPMorgan Chase & Co fully alerted authorities to suspicions about fraudster Bernard Madoff, the New York Times reported, citing several people with direct knowledge of the matter. The prosecutors suspect JPMorgan may have violated a federal law that requires banks to alert authorities to suspicious transactions, the newspaper reported.

Boeing 787 faces new risk: limits on extended range: sources

WASHINGTON/TOKYO (Reuters) - As Boeing works to regain permission for its 787 Dreamliner to resume flights, the company faces what could be a costly new challenge: a temporary ban on some of the long-distance, trans-ocean journeys that the jet was intended to fly. Aviation experts and government officials say the Federal Aviation Administration may shorten the permitted flying time of the 787 on certain routes when it approves a revamped battery system. The plane was grounded worldwide two months ago after lithium-ion batteries overheated on two separate aircraft.

Cyprus readies capital controls to avert bank run

NICOSIA (Reuters) - Cyprus is expected to complete capital control measures on Wednesday to prevent a run on the banks by depositors anxious about their savings after the country agreed a painful rescue package with international lenders. Cypriots have taken to the streets of Nicosia in their thousands to protest at a bailout deal that they fear will push their country into an economic slump and cost many their jobs. European leaders said the deal averted a chaotic national bankruptcy that might have forced Cyprus out of the euro.

Source: http://news.yahoo.com/ca-business-summary-000757996--finance.html

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Diverse bacteria on fresh fruits, vegetables vary with produce type, farming practices

Public release date: 27-Mar-2013
[ | E-mail | Share ]

Contact: Souri Somphanith
onepress@plos.org
41-562-412-17199
Public Library of Science

Bacterial species on fresh produce correlated with type of produce more than other factors

Fresh fruit and vegetables carry an abundance of bacteria on their surfaces, not all of which cause disease. In the first study to assess the variety of these non-pathogenic bacteria, scientists report that these surface bacteria vary depending on the type of produce and cultivation practices. The results are published March 27 in the open access journal PLOS ONE by Jonathan Leff and Noah Fierer at the University of Colorado, Boulder.

The study focused on eleven produce types that are often consumed raw, and found that certain species like spinach, tomatoes and strawberries have similar surface bacteria, with the majority of these microbes belonging to one family. Fruit like apples, peaches and grapes have more variable surface bacterial communities from three or four different groups. The authors also found differences in surface bacteria between produce grown using different farming practices.

The authors suggest several factors that may contribute to the differences they observed, including farm locations, storage temperature or time, and transport conditions. These surface bacteria on produce can impact the rate at which food spoils, and may be the source of typical microbes on kitchen surfaces. Previous studies have shown that although such microbes don't necessarily cause disease, they may still interact with, and perhaps inhibit the growth of disease-causing microbes. The results of this new research suggest that people may be exposed to substantially different bacteria depending on the types of produce they consume.

###

Citation: Leff JW, Fierer N (2013) Bacterial Communities Associated with the Surfaces of Fresh Fruits and Vegetables. PLoS ONE 8(3): e59310. doi:10.1371/journal.pone.0059310

Financial Disclosure: This work was supported with funding from the Alfred P. Sloan Foundation's Microbiology of the Built Environment Program. The funders had no role in study design, data collection and analysis, decision to publish, or preparation of the manuscript.

Competing Interest Statement: The authors have declared that no competing interests exist.

PLEASE LINK TO THE SCIENTIFIC ARTICLE IN ONLINE VERSIONS OF YOUR REPORT (URL goes live after the embargo ends): http://dx.plos.org/10.1371/journal.pone.0059310

Disclaimer: This press release refers to upcoming articles in PLOS ONE. The releases have been provided by the article authors and/or journal staff. Any opinions expressed in these are the personal views of the contributors, and do not necessarily represent the views or policies of PLOS. PLOS expressly disclaims any and all warranties and liability in connection with the information found in the release and article and your use of such information.

About PLOS ONE: PLOS ONE is the first journal of primary research from all areas of science to employ a combination of peer review and post-publication rating and commenting, to maximize the impact of every report it publishes. PLOS ONE is published by the Public Library of Science (PLOS), the open-access publisher whose goal is to make the world's scientific and medical literature a public resource.

All works published in PLOS ONE are Open Access. Everything is immediately availableto read, download, redistribute, include in databases and otherwise usewithout cost to anyone, anywhere, subject only to the condition that the original authors and source are properly attributed. For more information about PLOS ONE relevant to journalists, bloggers and press officers, including details of our press release process and our embargo policy, see the everyONE blog at http://everyone.plos.org/media.

---

[ | E-mail | Share ]

?

AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.

Public release date: 27-Mar-2013
[ | E-mail | Share ]

Contact: Souri Somphanith
onepress@plos.org
41-562-412-17199
Public Library of Science

Bacterial species on fresh produce correlated with type of produce more than other factors

Fresh fruit and vegetables carry an abundance of bacteria on their surfaces, not all of which cause disease. In the first study to assess the variety of these non-pathogenic bacteria, scientists report that these surface bacteria vary depending on the type of produce and cultivation practices. The results are published March 27 in the open access journal PLOS ONE by Jonathan Leff and Noah Fierer at the University of Colorado, Boulder.

The study focused on eleven produce types that are often consumed raw, and found that certain species like spinach, tomatoes and strawberries have similar surface bacteria, with the majority of these microbes belonging to one family. Fruit like apples, peaches and grapes have more variable surface bacterial communities from three or four different groups. The authors also found differences in surface bacteria between produce grown using different farming practices.

The authors suggest several factors that may contribute to the differences they observed, including farm locations, storage temperature or time, and transport conditions. These surface bacteria on produce can impact the rate at which food spoils, and may be the source of typical microbes on kitchen surfaces. Previous studies have shown that although such microbes don't necessarily cause disease, they may still interact with, and perhaps inhibit the growth of disease-causing microbes. The results of this new research suggest that people may be exposed to substantially different bacteria depending on the types of produce they consume.

###

Citation: Leff JW, Fierer N (2013) Bacterial Communities Associated with the Surfaces of Fresh Fruits and Vegetables. PLoS ONE 8(3): e59310. doi:10.1371/journal.pone.0059310

Financial Disclosure: This work was supported with funding from the Alfred P. Sloan Foundation's Microbiology of the Built Environment Program. The funders had no role in study design, data collection and analysis, decision to publish, or preparation of the manuscript.

Competing Interest Statement: The authors have declared that no competing interests exist.

PLEASE LINK TO THE SCIENTIFIC ARTICLE IN ONLINE VERSIONS OF YOUR REPORT (URL goes live after the embargo ends): http://dx.plos.org/10.1371/journal.pone.0059310

Disclaimer: This press release refers to upcoming articles in PLOS ONE. The releases have been provided by the article authors and/or journal staff. Any opinions expressed in these are the personal views of the contributors, and do not necessarily represent the views or policies of PLOS. PLOS expressly disclaims any and all warranties and liability in connection with the information found in the release and article and your use of such information.

About PLOS ONE: PLOS ONE is the first journal of primary research from all areas of science to employ a combination of peer review and post-publication rating and commenting, to maximize the impact of every report it publishes. PLOS ONE is published by the Public Library of Science (PLOS), the open-access publisher whose goal is to make the world's scientific and medical literature a public resource.

All works published in PLOS ONE are Open Access. Everything is immediately availableto read, download, redistribute, include in databases and otherwise usewithout cost to anyone, anywhere, subject only to the condition that the original authors and source are properly attributed. For more information about PLOS ONE relevant to journalists, bloggers and press officers, including details of our press release process and our embargo policy, see the everyONE blog at http://everyone.plos.org/media.

---

[ | E-mail | Share ]

?

AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.

Source: http://www.eurekalert.org/pub_releases/2013-03/plos-dbo032613.php

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RBS Rolls Out Mobile Chat For Business Customers - Bank Systems ...

March 26, 2013

U.K. banks RBS and NatWest have launched a a mobile text-based chat function for their business banking customers.

The banks, which are both operate under the RBS Group umbrella, said the service is designed give business clients quick access to agents while on the move.

[See Also: Is Mobile Banking Ready For Business?]

The in-app function was designed in conjunction with London-based mobile company Grapple. Once logged in to the app, customers can then initiate a conversation with a business banking advisors. The service is available from 9am to 6pm on weekdays and 10am to 4pm on Saturdays.

According to the banks, the new mobile chat function is designed to reduce call-waiting and in-branch wait times for time-sensitive business account holders.

?The number of RBS business banking customers banking on mobile has increased significantly within the past 12 months and we are delighted to be the first bank in Europe to launch Mobile Chat, delivering a consistent customer service experience across all our channels," said Aron Thompson, Digital Director, Business & Commercial at RBS, in a statement. "The drive to enable customers to bank with us on the move is part of our ahead for Business commitment to make life easier for our customers."

The mobile chat service is currently available for iPhone users only.

Source: http://www.banktech.com/channels/rbs-rolls-out-mobile-chat-for-business-c/240151701

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Facebook Touts Gaming Numbers at GDC, Lays Out New Plans ...

After a ?dark time? of balancing unhappy users and unhappy developers, Facebook turned around its gaming unit in 2012, the company said today at the Game Developers Conference in San Francisco.

Games will still not be a ?primary pillar? of Facebook, product manager George Lee said (that privilege is reserved for the Timeline, News Feed and Graph Search). But they will be increasingly woven into the ?whole experience,? starting with games-focused sections of the new News Feeds and Timelines that the company has started rolling out to some users.

Lee said games were the ?dominant use case? for Facebook by 2010. However, as both Lee and platform gaming head Sean Ryan noted, users were unhappy with notification spam ? particularly from what Ryan would only call a ?farming simulator game.?

At the end of 2011, the company huddled on how to make both users and developers happy. ?We think we?ve reached a balance right now,? Ryan said.

A few quick-hit numbers from Facebook?s presentation: 250 million monthly active users play games, amounting to one-fifth of all the people who visit Facebook each day; compared to March 2012, game installs are up 75 percent; and monetization has also increased, with Facebook paying out more than $2 billion to developers last year.

Ryan also laid out the company?s goals for 2013, which include desktop (?We care about desktop because it?s big, and it?s growing, and we can make it grow faster?), more cross-platform games that players can enjoy equally well on both desktop and mobile, and broadening the types of games available on Facebook?s sites and apps.

More than half of the Top 400 iOS games are integrated with Facebook, a spokesperson noted via email.

The company also plans to roll out the ability for developers to charge players? in-game purchases using their local currencies (instead of the now-defunct Facebook Credits) ?in a few weeks.?

Source: http://allthingsd.com/20130326/facebook-touts-gaming-numbers-at-gdc-lays-out-new-plans/

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Uncovering Africa's oldest known penguins

Mar. 26, 2013 ? Africa isn't the kind of place you might expect to find penguins. But one species lives along Africa's southern coast today, and newly found fossils confirm that as many as four penguin species coexisted on the continent in the past. Exactly why African penguin diversity plummeted to the one species that lives there today is still a mystery, but changing sea levels may be to blame, the researchers say.

The fossil findings, described in the March 26 issue of the Zoological Journal of the Linnean Society, represent the oldest evidence of these iconic tuxedo-clad seabirds in Africa, predating previously described fossils by 5 to 7 million years.

Co-authors Daniel Thomas of the National Museum of Natural History and Dan Ksepka of the National Evolutionary Synthesis Center happened upon the 10-12 million year old specimens in late 2010, while sifting through rock and sediment excavated from an industrial steel plant near Cape Town, South Africa.

Jumbled together with shark teeth and other fossils were 17 bone fragments that the researchers recognized as pieces of backbones, breastbones, wings and legs from several extinct species of penguins.

Based on their bones, these species spanned nearly the full size spectrum for penguins living today, ranging from a runty pint-sized penguin that stood just about a foot tall (0.3 m), to a towering species closer to three feet (0.9 m).

Only one penguin species lives in Africa today -- the black-footed penguin, or Spheniscus demersus, also known as the jackass penguin for its loud donkey-like braying call. Exactly when penguin diversity in Africa started to plummet, and why, is still unclear.

Gaps in the fossil record make it difficult to determine whether the extinctions were sudden or gradual. "[Because we have fossils from only two time periods,] it's like seeing two frames of a movie," said co-author Daniel Ksepka. "We have a frame at five million years ago, and a frame at 10-12 million years ago, but there's missing footage in between."

Humans probably aren't to blame, the researchers say, because by the time early modern humans arrived in South Africa, all but one of the continent's penguins had already died out.

A more likely possibility is that rising and falling sea levels did them in by wiping out safe nesting sites.

Although penguins spend most of their lives swimming in the ocean, they rely on offshore islands near the coast to build their nests and raise their young. Land surface reconstructions suggest that five million years ago -- when at least four penguin species still called Africa home -- sea level on the South African coast was as much as 90 meters higher than it is today, swamping low-lying areas and turning the region into a network of islands. More islands meant more beaches where penguins could breed while staying safe from mainland predators.

But sea levels in the region are lower today. Once-isolated islands have been reconnected to the continent by newly exposed land bridges, which may have wiped out beach nesting sites and provided access to predators.

Although humans didn't do previous penguins in Africa in, we'll play a key role in shaping the fate of the one species that remains, the researchers add.

Numbers of black-footed penguins have declined by 80% in the last 50 years, and in 2010 the species was classified as endangered. The drop is largely due to oil spills and overfishing of sardines and anchovies -- the black-footed penguin's favorite food.

"There's only one species left today, and it's up to us to keep it safe," Thomas said.

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Story Source:

The above story is reprinted from materials provided by National Evolutionary Synthesis Center (NESCent), via EurekAlert!, a service of AAAS.

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

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Journal Reference:

1. Daniel B. Thomas, Daniel T. Ksepka. A history of shifting fortunes for African penguins. Zoological Journal of the Linnean Society, 2013; DOI: 10.1111/zoj.12024

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

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/most_popular/~3/sBXiGc1qknY/130326101606.htm

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Supreme Court justices signal uncertainty on drug settlements

By Lawrence Hurley

WASHINGTON (Reuters) - Supreme Court justices on Monday signaled uncertainty over how they would rule on whether brand-name drug companies can settle patent litigation with generic rivals by making deals to keep cheaper products off the market.

Eight justices, lacking the recused Justice Samuel Alito, asked questions that indicated concerns about such deals, but several seemed unsure how courts should approach the matter.

In the deals in question, brand name manufacturers settle litigation by paying generic manufacturers to stay out of the market for a specified period.

U.S. and state regulators say the practice costs consumers, insurers and government billions of dollars annually.

The Federal Trade Commission, which has called the deals "pay for delay," has fought them in court for more than a decade.

A number of justices on Monday appeared skeptical of the Justice Department's argument that the deals should be viewed as presumptively unlawful.

Justice Sonia Sotomayor said she had "difficulty understanding" Justice Department lawyer Malcolm Stewart's argument that "the mere existence" of a payment should change the way courts view a settlement.

But several justices asked questions raising concerns that the deals could be anticompetitive.

Justice Elena Kagan said that in some cases, companies could share monopoly profits "to the detriment of consumers."

The problem the court appears to face is how to tell lower courts to determine which agreements were lawful and which were not.

Justice Stephen Breyer suggested that the justices should simply tell lower court judges to "keep in mind" that the deals could be anticompetitive.

"In other words, it's up to the district court," he said.

It is unclear how many of the justices would support that approach. Justice Antonin Scalia was openly critical, saying it would not tackle "the elephant in the room," which is the relative strength of the patent being challenged in the case. Justice Anthony Kennedy voiced similar sentiments.

In the case before the court, Solvay Pharmaceuticals Inc, which is now owned by AbbVie, sued generic drugmakers in 2003 to stop cheaper versions of AndroGel, a gel used to treat men with low testosterone.

Solvay paid as much as $30 million annually to Actavis Inc predecessor Watson Pharmaceuticals, Paddock Laboratories Inc and Par Pharmaceutical Cos to help preserve annual profits estimated at $125 million from AndroGel.

Under the deal, the three would stay off the market until 2015. The patent expires in 2020.

The Supreme Court is expected to issue a decision by the end of June.

The case is Federal Trade Commission v. Watson Pharmaceuticals Inc et al, U.S. Supreme Court, No. 12-416.

(Reporting by Lawrence Hurley; Additional reporting by Diane Bartz; Editing by Howard Goller and Lisa Von Ahn)

Source: http://news.yahoo.com/supreme-court-justices-signal-uncertainty-drug-settlements-175956120--finance.html

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Build A Space-Saving Roll-Out Pantry that Fits Between the Fridge and the Wall

If you have a little space between your fridge and the retaining wall next to it, or any space about six inches wide in your kitchen, this DIY roll-out pantry can hold a ton of canned goods and other non-perishables, roll out when you need it, and slide easily back into place when you're finished.

The project from the folks at Classy Clutter, is designed to hold canned foods, but we imagine you could use it for just about anything, and it doesn't have to live between the fridge and a wall. It's only 6" across, and it rests on 2" casters, so it can slide in and out of place easily. Everything you need to build it are easily available at your local hardware store (The full parts list is at the link below?it's pretty much just wood, casters, dowels, and a knob to pull the pantry in and out with.)

Once you assemble the thing, you have plenty of extra shelf space for storage, and dowels along the bottom part of the shelves to make sure items don't come falling out every time you pull the pantry out from behind the fridge. She even painted it so it would blend in nicely with the rest of the kitchen. Hit the link for more photos, the list of parts, and all the measurements.

Build Your Own Extra Storage (DIY Canned Food Organizer) | Classy Clutter

Source: http://feeds.gawker.com/~r/lifehacker/full/~3/umm854i5pbY/build-a-space+saving-roll+out-pantry-that-fits-between-the-fridge-and-the-wall

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2 pedestrians killed, 2 hurt in Seattle crash

SEATTLE (AP) ? A pickup truck driver crashed into four pedestrians crossing a Seattle street on Monday, killing two and critically injuring two others ? a woman and the infant she was carrying, police said.

The driver may have been under the influence of alcohol or drugs, Seattle police spokesman Jeff Kappel said after the Monday afternoon crash in a north Seattle neighborhood.

Mark W. Mullan, 50, of Seattle, was booked into the King County Jail for investigation of vehicular homicide, jail records showed. He was expected to have a bail hearing Tuesday. It was not immediately known whether he had a lawyer.

A 66-year-old man and a 68-year-old woman died at the scene, Kappel said. They were not immediately identified.

A 33-year-old woman and a 10-day-old infant were hospitalized at Harborview Medical Center with life-threatening injuries, the spokesman said.

"Today's collision on our streets is shocking and tragic," Mayor Mike McGinn tweeted. "My thoughts are with the victims and their families and friends."

The infant was not breathing when medics arrived, "so we initiated CPR and got the heartbeat back," said Kyle Moore, Seattle Fire Department spokesman. The woman suffered a serious head injury, Moore said.

It was not known whether the woman was the infant's mother.

"This is obviously a very tragic situation," said Police Deputy Chief Nick Metz. "It's not very normal that we have this level of folks who are victimized in this way."

The driver didn't answer reporters' questions as police led him away in handcuffs. Police said he stopped after the collision and was cooperative. A phone number listed for Mullan was disconnected.

The accident occurred across the street from a middle school, and Metz said police would be more visible in the area in the immediate future.

Moore said the crash was particularly jarring for first-responders.

"It hits both police and fire ... they have kids, it hits them hard."

Source: http://news.yahoo.com/2-pedestrians-killed-2-hurt-seattle-crash-001401730.html

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