Monday, October 31, 2011

Dennis M. Kelleher: The Real Cost of the Financial Crisis (Huffington post)

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49ers beat Browns 20-10 for 5th straight win

San Francisco 49ers running back Frank Gore (21) is stopped on fourth down at the 1-yard line by Cleveland Browns linebacker Kaluka Maiava (56) and other defenders in the second quarter of an NFL football game in San Francisco, Sunday, Oct. 30, 2011. (AP Photo/Marcio Jose Sanchez)

San Francisco 49ers running back Frank Gore (21) is stopped on fourth down at the 1-yard line by Cleveland Browns linebacker Kaluka Maiava (56) and other defenders in the second quarter of an NFL football game in San Francisco, Sunday, Oct. 30, 2011. (AP Photo/Marcio Jose Sanchez)

San Francisco 49ers wide receiver Braylon Edwards (17) makes a catch in front of Cleveland Browns cornerback Sheldon Brown (24) in the first quarter of an NFL football game in San Francisco, Sunday, Oct. 30, 2011. (AP Photo/Ben Margot)

San Francisco 49ers safety Dashon Goldson celebrates after hitting Cleveland Browns wide receiver Greg Little in the second quarter of an NFL football game in San Francisco, Sunday, Oct. 30, 2011. (AP Photo/Marcio Jose Sanchez)

San Francisco 49ers safety Dashon Goldson (38) knocks down Cleveland Browns wide receiver Greg Little (15) in the second quarter of an NFL football game in San Francisco, Sunday, Oct. 30, 2011. (AP Photo/Marcio Jose Sanchez)

San Francisco 49ers wide receiver Michael Crabtree (15) scores on a two-yard touchdown pass from quarterback Alex Smith (11) in the second quarter of an NFL football game against the Cleveland Browns in San Francisco, Sunday, Oct. 30, 2011. (AP Photo/Marcio Jose Sanchez)

(AP) ? Frank Gore received regular calls and encouragement from Roger Craig all offseason as he recovered from a fractured hip. Craig shared training tips, too.

When Gore charged up the middle with his signature burst for a 2-yard gain Sunday, he took another step forward in franchise history by moving past Craig into second place on the 49ers career rushing list.

Gore ran for both 125-plus yards and a touchdown in a fourth straight game, Michael Crabtree made his first TD reception of the season, and San Francisco beat the Cleveland Browns 20-10 for its fifth straight victory.

"It's a blessing to have my name mentioned next to his," Gore said. "This last year, we got to be close. When I got hurt, he called me every day. He was telling me I was going to be all right, to keep working."

Now, San Francisco's star running back is determined to chase another of Craig's accomplishments: those three Super Bowl rings.

And this is Gore's best chance yet to get there.

He is making his case for a third Pro Bowl while pushing his team toward its first playoff berth in nine years.

"It's fun. We're right here in the middle of it almost at the halfway point," defensive end Justin Smith said. "We've got a decent thing going on. We've got to continue to go. We've got a long grind ahead of us."

Alex Smith completed 15 of 24 passes for 177 yards for the first-place 49ers (6-1), who haven't lost since falling in overtime to the Cowboys on Sept. 18.

"Not perfect, but beautiful," coach Jim Harbaugh said.

No handshake flap this time for Harbaugh, either. And no post-bye letdown for his 49ers ? even if it was far from flashy.

This marked Harbaugh's first game since his seconds-long greeting and firm backslap of Lions coach Jim Schwartz following San Francisco's 25-19 comeback win at Detroit two weeks ago.

Harbaugh says he practiced during the bye week by high-fiving with his toddler daughter, Addison, whom he carried out of the stadium Sunday night. Harbaugh was polite to fellow first-year coach Pat Shurmur when they met at midfield.

"It went well," Harbaugh said.

The 49ers ? who were made aware by Harbaugh during the week that teams were 3-9 after their byes coming into Sunday ? are off to their first 6-1 start since 1998 in the days of greats Jerry Rice, Terrell Owens and Steve Young.

For Colt McCoy and the Browns, it's 0-for the Bay Area. They lost two weeks ago in Oakland, then floundered across San Francisco Bay at Candlestick Park.

Cleveland's D'Qwell Jackson committed a costly facemask penalty against Gore that would have stopped San Francisco on third down 2 yards short in the waning minutes. David Akers sealed it with his second field goal of the day, a 26-yarder.

Gore already had 103 yards on 19 carries by halftime, then got the other 7 yards he needed to pass Craig and move up the list with 7,089. Gore wound up with 134 yards on a career-high tying 31 carries, his most rushes since Dec. 31, 2006, against Denver.

San Francisco has a five-game winning streak for the first time since 2001 and wrapped up its first unbeaten October since 1997.

The next big task will be ending an eight-year stretch of frustration in which the team hasn't had a winning season or made the playoffs. The Niners increased their comfortable cushion to four games in the division nicknamed the NFC Worst last year, when Seattle won with a 7-9 record.

"It was an ugly win, but we ain't putting no points on it. This ain't the BCS with the style points you need to be No. 1," defensive lineman Ricky Jean Francois said.

Harbaugh's big brother, John, helped the sibling cause by rallying to beat Arizona 30-27 earlier Sunday.

The banged-up Browns (3-4) improved on special teams, but went without their top two running backs. Peyton Hillis didn't play for the second straight game because of a hamstring injury and Cleveland then lost Montario Hardesty to a strained right calf in the first half.

McCoy and Co. managed only Phil Dawson's 52-yard field goal on the final play of the first half before Josh Cribbs' 45-yard TD catch with 6:17 to play.

After last week's lackluster 6-3 win over the Seahawks, it didn't get much better for the Browns. They failed to reach the end zone for seven quarters before Cribbs scored.

"Back home, I hope they don't go into a frenzy like the world is going to end," Cribbs said.

McCoy accounted for four of Cleveland's five fumbles, one of which was lost and helped set up Gore's early 4-yard TD run.

McCoy ? sacked four more times after five last week ? lost the ball on the second play from scrimmage after he was stripped by Ahmad Brooks. Isaac Sopoaga recovered at the Cleveland 20.

San Francisco's lopsided first half told the tale far before the clock finally wound down.

First downs: 15-6. Total yards: 253-93. Time of possession: 18:58-11:02. Rushing yards: 145-25.

Crabtree caught a 2-yard pass to put the Niners ahead 17-0 just before halftime. Dashon Goldson made his first interception of 2011 in the end zone in the third quarter.

Left tackle Joe Staley even was in on the action, catching a 17-yard pass from Smith for a first down midway through the first quarter for his first career reception. He jumped up in celebration and signaled the first down by emphatically pointing down field with both hands.

"A little prima donnish for a lineman," Smith quipped.

Notes: 49ers WR Braylon Edwards returned against his former club in his first action since right knee surgery after getting hurt vs. the Cowboys. He had four catches. ... The Browns had won the three previous meetings, including 20-7 in '07.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2011-10-30-FBN-Browns-49ers/id-6b8abfcb15334677a957646a7c9021e1

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What DARPA’s Scavenger Hunt Taught Us About Mobilizing People Fast

[unable to retrieve full-text content]Two years ago, DARPA challenged the world to a scavenger hunt. An MIT team won the contest in a rout, and how they did it could teach the world about organizing large numbers of people in a hurry.

Source: http://www.popularmechanics.com/technology/military/research/what-darpas-scavenger-hunt-taught-us-about-mobilizing-people-fast?src=rss

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Sunday, October 30, 2011

Saturday, October 29, 2011

Russia poised to resume space station flights

CAPE CANAVERAL, Florida | Fri Oct 28, 2011 2:17pm EDT

CAPE CANAVERAL, Florida (Reuters) - A Russian cargo ship is poised for liftoff on Sunday to the International Space Station following a launch accident in August that forced a cut in staffing levels aboard the orbital outpost.

The Progress freighter, due to launch at 6:11 a.m. EDT from the Baikonur Cosmodrome in Kazakhstan, will be the first flight to the station since an upper-stage rocket failure doomed a similar unmanned freighter on August 24.

The failed motor is nearly identical to those used aboard Russia's Soyuz rockets, which ferry astronauts and cosmonauts to the station, a $100 billion project of 16 nations currently orbiting about 240 miles above the planet.

"The Russians said they had traced the cause (of the accident) to possible debris and clogging in the fuel supply line," said NASA spokesman Kelly Humphries. "They have done additional inspections and testing that they told us about to ensure it's ready to go."

Since the retirement of the U.S. space shuttles this summer, Russian Soyuz capsules are the only ships capable of flying crews to the station, a service that currently costs NASA about $350 million a year.

Flights were suspended after the Progress failure, leaving a half-size, three-member crew aboard the station for an extended period of time.

"Things happen during launches. They are very dramatic and they get everyone's attention," NASA astronaut Mark Polansky, director of operations in Russia, told Reuters.

"What is important is to say, 'OK, there is a problem' and make sure it is fully analyzed and we truly understand what the real root cause is," Polansky said.

RUSSIAN MONOPOLY

If Sunday's launch is successful, a new crew would fly to the outpost on November 13. Their scheduled arrival on November 15 would leave six days before the current crew is due to depart. Their replacements would launch between December 21 and 26.

"It's going to be a fast handover, but they've been making preparations," Humphries said. "In general, they've been doing what they can to document the location of systems and items that crew is going to need."

The preparations include making training videos.

If Sunday's launch fails, the station likely would be left untended after the current crew returns next month. The station has been permanently staffed since the first live-aboard crew arrived on November 2, 2000.

To make room for the new cargo ship, which is scheduled to arrive on Wednesday, station commander Mike Fossum and his crew, Russian cosmonaut Sergei Volkov and Japan's Satoshi Furukawa, packed up an old Progress capsule mounted to the station with trash and other items no longer needed.

The freighter will be autonomously flown away from the station on Saturday and fall back into the atmosphere, where it will be incinerated.

The new cargo ship is filled with 2.8 tons of food, fuel and supplies, including a pair of iPads, which will be used for crew entertainment.

NASA is seeking $850 million this year to help U.S.-based private companies develop space taxis, with the goal of breaking Russia's monopoly on station crew ferry flights before the end of 2016.

"The recent Soyuz failure reminds us that the very existence of the space station is now in jeopardy," George Sowers, vice president of business development for United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co said on Wednesday during a Congressional hearing on NASA's Commercial Crew Program.

"We're reliant on a single, fragile lifeline that we have little insight into or control over."

The United States spent more than 10 years building the station, which is as large as a five-bedroom house, to conduct research and test new technologies in the unique environment of microgravity.

(Additional reporting by Alissa de Carbonnel in Moscow; Editing by Tom Brown and Paul Simao)

Source: http://feeds.reuters.com/~r/reuters/scienceNews/~3/aT6Xlx9VhRY/us-space-station-idUSTRE79R52H20111028

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Europe crafts debt deal that pleases markets (AP)

BRUSSELS ? The excruciating work of inking a deal to contain their two-year debt crisis over, European leaders turned Thursday to a potentially more difficult task: implementing the agreement that asks banks to take on bigger losses on Greece's debts and hopes to boost the region's arsenal against market turmoil.

World stock markets surged Thursday on the news that the leaders had clinched a deal that everyone hopes will prevent the crisis from pushing Europe and much of the developed world back into recession and keep the currency union from unraveling. But analysts were more cautious, noting that the deal remains vague and its success hangs on the details.

In the pre-dawn hours of Thursday, after the deal was unveiled, leaders claimed victory, but by evening, they were cautioning that their work has only begun.

"I think that yesterday we found a good overall package for the next stage, but I think that we still have many more stages to go," German Chancellor Angela Merkel told reporters in Berlin.

Part of that work began Thursday when French President Nicolas Sarkozy called his Chinese counterpart Hu Jintao and pledged to cooperate to revive global growth. There was no word on whether Beijing might contribute to Europe's bailout fund.

The fund's chief executive is due to visit Beijing on Friday to talk to potential investors. Beijing has expressed sympathy for the 27-nation European Union, its biggest trading partner, but has yet to commit any cash.

The strategy unveiled after 10 hours of negotiations focused on three key points. These included a significant reduction in Greece's debts, a shoring up of the continent's banks, partially so they could sustain deeper losses on Greek bonds, and a reinforcement of a European bailout fund so it can serve as a euro1 trillion ($1.39 trillion) firewall to prevent larger economies like Italy and Spain from being dragged into the crisis.

After several missed opportunities, hashing out a plan was a success for the 17-nation eurozone, but the strategy's effectiveness will depend on the details, which will have to be finalized in the coming weeks.

"The finer details still appear somewhat sketchy ... but the prospect of a contagion and a disorderly default appear to have been put to one side for the time being," said Michael Hewson, market analyst at CMC Markets. "The only concern is that this post-deal euphoria could well leave investors with a nasty hangover when they start to look at the fine print and realize that this solution could well be another sticking plaster."

President Barack Obama, who had been increasingly pressuring Europe to get its act together in recent weeks, welcomed the plan ? but pointedly noted that the U.S. was looking forward to its "full development and rapid implementation."

The most difficult piece of the puzzle proved to be Greece, whose debts the leaders vowed to bring down to 120 percent of its GDP by 2020. Under current conditions, they would have ballooned to 180 percent.

To achieve that massive reduction, private creditors like banks will be asked to accept 50 percent losses on the bonds they hold. The Institute of International Finance, which has been negotiating on behalf of the banks, said it was committed to working out an agreement based on that "haircut," but the challenge now will be to ensure that all private bondholders fall in line.

It said the 50 percent cut equals a contribution of euro100 billion ($139 billion) to a second rescue for Greece, although the eurozone promised to spend some euro30 billion ($42 billion) on guaranteeing the remaining value of the new bonds.

The full program is expected to be finalized by early December and investors are supposed to swap their bonds in January, at which point Greece is likely to become the first euro country ever to be rated at default on its debt.

"We can claim that a new day has come for Greece, and not only for Greece but also for Europe," said Greek Prime Minister George Papandreou, whose country's troubles touched off the crisis two years ago. "A burden from the past has gone, so that we can start a new era of development."

Not all Greeks were convinced. Prominent left-wing deputy Dimitris Papadimoulis said the agreement would doom Greeks to a deeper recession.

"The deal puts Greece in a eurozone quarantine," he said. "We are now locked in a system of continuous austerity, haphazard privatization, and continuous supervision by our creditors."

He also noted an inherent conflict of interest in the plan.

"Those who monitor us do not have our interests in mind. Their priority is that we pay back our loans," Papadimoulis said.

Since May 2010, Greece has been surviving on rescue loans worth euro110 billion ($150 billion) from the 17 countries that use the euro and the International Monetary Fund since it can't afford to borrow money directly from markets.

In July, those creditors agreed to extend another euro109 billion ? but that plan was widely panned as insufficient.

Now, in addition to euro30 billion in bond guarantees, the eurozone leaders and IMF said they will give Greece euro100 billion ($139 billion) in new loans.

With the banks being asked to shoulder more of the burden, though, there were concerns they needed more money in their rainy-day funds to cushion their losses. So European leaders have asked them to raise euro106 billion ($148 billion) by June.

The last piece in the complicated plan was to increase the firepower of the continent's bailout fund to ensure that other countries with troubled economies ? like Italy and Spain ? don't get dragged into the crisis. The third- and fourth-largest economies of the eurozone are too large to be bailed out like the smaller euro nations Greece, Portugal and Ireland have already been.

To that end, the euro440 billion ($610 billion) European Financial Stability Facility will be used to insure part of the potential losses on the debt of wobbly eurozone countries like Italy and Spain, rendering its firepower equivalent to around euro1 trillion ($1.39 trillion).

That should make those countries' bonds more attractive investments and thus lower borrowing costs for their governments.

In addition to acting as a direct insurer of bond issues, the EFSF insurance scheme is also supposed to entice big institutional investors to contribute to a special fund that could be used to buy government bonds but also to help states recapitalize weak banks.

Such outside help may be necessary for Italy and Spain, whose banks were facing some of the biggest capital shortfalls.

On the markets, European trading was buoyant from the outset Thursday on the news. Britain's FTSE climbed 2.9 percent to 5,712. Germany's DAX jumped 4.9 percent to 6,311 and France's CAC-40 gained 5.5 percent to 3,344. Shares in Asia posted solid gains earlier in the day.

___

Sarah DiLorenzo reported from Paris. Greg Keller and Sylvie Corbet in Paris, Juergen Baetz, David Rising and Geir Moulson in Berlin, Raf Casert, Don Melvin and Robert Wielaard in Brussels and Julie Pace in Washington contributed.

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/ap/20111027/ap_on_bi_ge/eu_europe_financial_crisis

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Nintendo slashes forecast again to just break even (Reuters)

TOKYO (Reuters) ? Nintendo Co Ltd slashed its annual earnings outlook for the second time this year to just break-even on Thursday, as the soaring yen and weak software sales dealt a fresh blow to the former games industry champion.

The company tumbled to a 19.6 billion yen ($258 million) operating loss for the July-September period, worse than it had forecast and falling short of market expectations. That compares with a 30.9 billion yen profit in the same period last year.

The games giant behind the Super Mario franchise also slashed its full-year operating profit forecast to just 1 billion yen from 35 billion yen.

It cut its forecast for sales of 3DS software to 50 million units from 70 million units for the year to March, but left its 3DS hardware forecast at 16 million units for the year.

Nintendo has been battling competition from traditional rivals Microsoft Corp and Sony Corp while Apple Inc and Google are also making rapid inroads into the casual gaming market.

The Kyoto-based company, which generates 80 percent of its sales overseas, also faces a massive hit in earnings from the soaring yen, which has crushed the value of profits repatriated from abroad, especially from the euro zone.

($1 = 75.990 Japanese Yen)

(Reporting by Isabel Reynolds; Editing by Miyoung Kim and Edwina Gibbs)

Source: http://us.rd.yahoo.com/dailynews/rss/software/*http%3A//news.yahoo.com/s/nm/20111027/bs_nm/us_nintendo_earnings

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Friday, October 28, 2011

Turkey's Earthquake Toll a Grim Reminder of Lessons Not Learned (Time.com)

Fact 1: Turkey is earthquake prone. Sitting on the intersection of the Eurasian, African and Arabian tectonic plates, it is crisscrossed by active fault lines. Fact 2: The death toll and devastation caused by an earthquake is determined in no small part by a country's building codes. Turks learnt that the hard way in 1999, when a massive quake in the country's west killed 20,000 people, mostly as a result of the collapse of poorly constructed high-rise buildings that had mushroomed during the '80s and '90s. Back then, anyone sifting through the debris of destroyed apartments along the coast would have spot the seashells and beach sand mixed in with the concrete ? a cost-cutting shortcut that proved fatal.

Twelve years on, there is a wearying sense of d?j? vu to the scale of destruction left by the 7.2 quake that struck the eastern city of Van on Sunday. "You don't need to be an expert to understand what happened in Van," wrote Sedat Ergin after surveying the scene. "There is a shocking contradiction. Most buildings are intact, yet some have folded like a pack of cards. Others had to be evacuated because of cracks and internal damages." Nearly 500 people are confirmed dead and 2,000 structures destroyed, including about 80 multi-storey buildings. (See photos from the earthquake in Turkey.)

"It grieves me to say that Turkey hasn't progressed more than an inch since 1999," says Mehmet Sogancz, head of the Chamber of Engineers and Architects (TMMOB) on his way back from a fact-finding trip to Van.

Concrete thinned with gravel, insufficient steel girders and supports knocked out to create more space are just some of the causes cited by observers ? including Prime Minister Recep Tayyip Erdogan ? for the devastation in Van. "When we look at the wreckage, we see how the material used is of bad quality," Erdogan said Wednesday. "We see that people pay the price for concrete that virtually turned to sand, or for weakened concrete blocks on the ground floors. Municipalities, constructors and supervisors should now see that their negligence amounts to murder."

Some 98 percent of Turkey sits on or near a major faultline, including the cultural and financial capital Istanbul, home to 15 million people. The building code was updated in 2001 to enforce strict new standards, but that didn't address the challenge of what to do about housing stock built before then. Thirty percent of Turkey's existing buildings require strengthening, while 10 percent are unfit for use, according to the TMMOB. All are required to be insured in mandatory government-backed Turkish Catastrophe Insurance Pool, established in 2000 with the support of the World Bank. But the fund has insured only about 26 percent of homes and in Van, just 7 percent. (See if the world will wise up about natural disasters following Turkey's quake.)

"All of the multi-storey buildings destroyed in Van date back to before 2002. This is a fundamental problem," says Soganci. "Look at how Japan rebuilt everything after the Kobe earthquake, it can be done. But it requires focused public policy, there's no other way. The cost of rehabilitating the 30 percent weak building stock is nothing compared to the cost of damage from an earthquake."

A second problem is lax enforcement. The new building code, for example, initially took effect in 11 pilot provinces. The remaining 70 provinces ?including Van ? were only included at the start of this year.

A parliamentary report last year concluded authorities were failing to enforce new building codes, which require that all construction be based on plans prepared by authorized architects and construction engineers, and are approved by inspectors. "Enforcement shouldn't just be about the final structure. It is a process that needs to take into account all the stages of construction, from choosing a site to taking into account its ultimate use," the report said. (See how social media is helping Turkey quake survivors.)

Additionally, TMMOB's Soganci says, handing inspection of building standards over to private companies is a mistake. "This should be publicly regulated. Otherwise it becomes about the monetary relationship between contractors and regulatory firms that is open to misuse."

Turkey's lessons from Van could matter internationally as well. There are any number of sprawling developing cities worldwide that facing similar challenges ? Lima, Tehran and Karachi, to name a few ? where rapid and uncontrolled urban development has eclipsed housing safety standards, making Van unlikely to be the last such tragedy.

See videos of the quake in Turkey.

Read a miraculous story of a baby and mother rescued from the rubble in Turkey.

View this article on Time.com

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Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/time/20111026/wl_time/08599209789800

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Coinstar's 3Q earnings soar, Redbox prices to rise (AP)

SAN FRANCISCO ? Redbox's DVD rental kiosks are attracting movie lovers fed up with Netflix's video subscription service. But now Redbox's owner, Coinstar Inc., is risking its own customer backlash by raising its prices, the same move that triggered Netflix's recent loss of 800,000 U.S. subscribers.

The plot twist emerged Thursday in Coinstar's latest quarterly report. The company's earnings nearly doubled, largely because of robust growth at Redbox's more than 34,000 rental kiosks.

But the strong performance was upstaged by Redbox's decision to raise prices for standard DVDs by 20 percent beginning Monday.

The new rental rate will be $1.20 per day, instead of the current $1 daily rate. Redbox prices will remained unchanged for Blu-ray discs at $1.50 per day and video games at $2 per day.

Redbox's change isn't as jarring as what Netflix did last month, when it hiked prices as much as 60 percent and then irked subscribers even more by announcing a now-aborted plan to split its DVD rentals from its Internet video streaming service.

But it spooked investors, especially because Redbox appears to be picking up customers still stewing over the higher prices at Netflix. Coinstar's shares plunged 10 percent in Thursday's extended trading.

Unlike Netflix, Redbox tested the price increases in several cities during the past year to see how they would change rental patterns. Management concluded there only would be a slight drop-off in DVD rentals.

"We didn't take this lightly," Coinstar CEO Paul Davis said in a Thursday interview with The Associated Press.

Coinstar, which is based in Bellevue, Wash., is charging more to help offset higher expenses for DVDs and processing debit card transactions.

Netflix raised its prices in hopes of generating more revenue to license more movies and TV shows for streaming over high-speed Internet connections. The plan backfired, though, leaving Netflix on track to start losing money next year as it tries to repair a badly damaged brand.

Coinstar Inc. earned $37.1 million, or $1.18 per share, in the three months that ended in September. That compared with $19.5 million, or 60 cents per share, at the same time last year.

The results for the latest quarter blew by the average estimate of 88 cents per share among analysts surveyed by FactSet.

The company's revenue rose 22 percent from last year to $466 million, about $3 million above analyst projections. The Redbox kiosks were Coinstar's main attraction; revenue in the rental division climbed 28 percent in the quarter to $390 million.

Although Davis said the company couldn't know for certain, it appeared Netflix's customers losses are turning into Redbox's gains.

As an indication that more people may have been renting from Redbox for the first time, Davis told The Associated Press that the number of unique credit cards used at the kiosks in July through September increased by 8 percent from the previous quarter.

By Coinstar's reckoning, Redbox surpassed the market share of Netflix's DVD-by-mail service for the first time during the third quarter. Coinstar said it ended September with a U.S. market share of nearly 35 percent compared to 33 percent for Netflix and other DVD-by-mail services. A year ago, Coinstar pegged its market share at 24 percent with Netflix and other DVD-by-mail services at nearly 36 percent.

Netflix expects the shift to continue as it focuses more on its video streaming service. Netflix predicted it may end December with 10.3 million DVD subscribers, down 25 percent, or 3.6 million, from the end of September.

"We always try to roll out the red carpet for customers who may feel disenfranchised," Davis said during an interview with the AP.

With another potential influx of former Netflix subscribers looming, Coinstar expects its revenue to rise as high as $510 million in the fourth quarter. But the company doesn't expect to make as much money in the holiday season as it did in the third quarter because a slew of year-end DVD releases of popular movies will drive up its expenses. Coinstar predicted its fourth-quarter earnings will range from 57 cents per share to 67 cents per share.

Analysts had projected fourth-quarter earnings of 78 cents per share on revenue of $483 million.

Coinstar's shares fell $5.30 to $47.65 in extended trading after the results were released. If the sell-off holds in Friday's regular trading, it will wipe out most of the gains Coinstar's stock has made since Netflix raised its prices.

Source: http://us.rd.yahoo.com/dailynews/rss/tech/*http%3A//news.yahoo.com/s/ap/20111028/ap_on_hi_te/us_earns_coinstar

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Mexico nabs alleged Zetas local chief, 5 others

MEXICO CITY (AP) ? The Mexican navy said Wednesday it had arrested the alleged local chief of the Zetas drug cartel in the Gulf coast port of Veracruz, and said he is tied to the dumping of eight bodies in a rural town a week ago.

The navy said Carlos "The Bam Bam" Pitalua and five other men were arrested on Tuesday. One of the five is suspected in helping break 32 inmates out of three Veracruz prisons in a well-planned, simultaneous escape.

A picture released by the navy shows four of the six dressed in military clothing.

One day after the jail break, gunmen dumped 35 bodies on a busy avenue of Veracruz last month. Some of the victims were reported at the time to have been escaped inmates.

And in central Mexico State, outside Mexico City, prosecutors announced Wednesday they had arrested Adrian Ramirez, alias "The Mushroom," the alleged leader of the Cartel del Centro.

The gang is believed to be one of the spin-off groups from the Beltran Leyva cartel, which has been decimated by the arrests or deaths of its leaders.

Mexico state Attorney General Alfredo Castillo said the Cartel del Centro has been linked to at least 26 killings, and operated mainly in Mexico City suburbs.

The suspects were arrested last week, Castillo said.

And the Mexican army said it had detained two more suspects in a casino fire that killed 52 people in the northern city of Monterrey.

Gunmen entered the casino, spread gasoline and set the building on fire, trapping and asphyxiating dozens. Officials say the motive was extortion of the casino owners.

The Defense Department said in a statement that the two suspects in the Aug. 25 attack on the Casino Royale were detained in Monterrey Wednesday. Another 15 had already been arrested in connection with the case.

Finally, Mexico's National Public Safety System announced that almost one-third of 63,436 low-ranking Mexican police officers tested so far have failed background and security checks.

Almost one-quarter of the police chiefs and top commanders tested so far have also failed, as had about 10 percent of midlevel police commanders and officers. The agency said in a statement that all those who fail the vetting process should be fired, but left open the possibility that some might be reassigned.

Mexico has set a goal of vetting all of its police by the end of 2012. However, only 71,079 have been tested so far, equal to about 18 percent of the total police force of 431,739 officers.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2011-10-26-LT-Drug-War-Mexico/id-3ee8124dbebf4cccb9ee3b530eaabf33

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Thursday, October 27, 2011

Proposed Puerto Rico pipeline could face lawsuit (AP)

SAN JUAN, Puerto Rico ? Eleven individuals and environmental groups have served notice on the U.S. Army Corps of Engineers that they will sue to block construction of a proposed natural gas pipeline in Puerto Rico.

The planned 92-mile (148-kilometer) pipeline is the signature infrastructure project of Gov. Luis Fortuno.

The groups say the Corps of Engineers failed to properly research the project's effects on at least 38 animal and plant species.

Nancy Sticht is a spokeswoman for the Florida-based office of the Corps of Engineers. She says the agency will not comment on Wednesday's letter.

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/ap/20111026/ap_on_bi_ge/cb_puerto_rico_pipeline

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Libyan official says Gadhafi buried at dawn (AP)

MISRATA, Libya ? A Misrata military council official said Moammar Gadhafi, his son Muatassim and a top aide were buried at dawn Tuesday in a secret location, with a few relatives and officials in attendance.

In a text message shown to The Associated Press, spokesman Ibrahim Beitalmal said Islamic prayers were read over the bodies. The information could not be independently verified.

The bodies of Gadhafi, his son Muatassim and former Defense Minister Abu Bakr Younis had been held in cold storage in the port city of Misrata since the dictator and members of his entourage were captured near his hometown of Sirte on Thursday. Gadhafi and Muatassim were captured alive, with some injuries, but died in unclear circumstances later that day.

Libya's interim leaders have promised an investigation, responding to mounting international pressure.

On Monday, Beitalmal had said the three would be buried in unmarked graves in a secret location to prevent vandalism. Presumably, the graves would also be kept hidden to avoid turning them into shrines for Gadhafi loyalists.

International organizations asking to see the burial site would be given access, Beitalmal said.

Over the weekend, Libya's chief pathologist, Dr. Othman el-Zentani performed autopsies on the three bodies and also took DNA samples to confirm their identities. El-Zentani has said Gadhafi died from a shot to the head, and said the full report would be released later this week, after he presents his findings to the attorney general.

It remains unclear when exactly Gadhafi suffered the fatal injury ? before he was taken into custody or after he had been captured by revolutionary fighters.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111025/ap_on_re_mi_ea/ml_libya

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Wednesday, October 26, 2011

Chinese leader urges North Korea to better US ties (AP)

BEIJING ? A Chinese leader is urging ally North Korea to improve its strained ties with the United States as U.S. and North Korean diplomats prepare to talk about restarting nuclear disarmament negotiations.

A report early Monday from China's official Xinhua News Agency says Chinese Vice Premier Li Keqiang told North Korean Premier Choe Yong Rim that improving ties with the U.S. and South Korea would promote stability in the region.

Made at the start of a three-day visit to North Korea, Li's plea comes as U.S. and North Korean diplomats gather in Geneva to see about resuming six-nation talks on North Korea's nuclear program. North Korea walked out on the talks but now wants to re-engage.

Li says China supports restarting the talks quickly.

Source: http://us.rd.yahoo.com/dailynews/rss/nkorea/*http%3A//news.yahoo.com/s/ap/20111024/ap_on_re_as/as_china_koreas_nuclear

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[OOC] Galaxy Retaliation- The Galaxy Core

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Enkisama
Member for 2 years



Currently the places is having difficultly letting me put up some of the planets and it is getting awfully late. So I'm going to go to bed and try again tomorrow.

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Enkisama
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Monday, October 24, 2011

Pregnant Jessica Simpson Looks to Cash in on Kid


As far as we're concerned, Eric Johnson made Jessica Simpson pregnant and that's a fact. She has not denied this report, and all signs point to its accuracy.

She hasn't officially confirmed anything, however, and reportedly will not do so until she secures a magazine deal for at least $500,000, Page Six reports.

Somehow not surprising in the least.

Jessica Simpson Covering Her Baby Bump

With the help of her father/manager/pimp Joe Simpson, Jessica refuses to say she is expecting until she had a deal in place. But will she be able to get one?

This isn't exactly 2003 here. While still a celebrity by any measure, Jess is no longer all the rage these days. Her last movie and album were ... we forget.

Plus, how many gossip mags are going to drop half a mill just to "break" this news ... especially after In Touch already did a month ago? Quite unclear.

The longer she walks around hiding her obvious bump (see Jessica Simpson photos) and saying nothing only diminishes the chances of a big payday too.

You can admit it, Jess. Share the joyous news. Then you can stop walking around in black, baggy clothes looking ridiculous with giant bags in front of you.

[Photo: Pacific Coast News]

Source: http://www.thehollywoodgossip.com/2011/10/pregnant-jessica-simpson-looks-to-cash-in-on-kid/

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Sunday, October 23, 2011

APNewsBreak: Banks nowhere near deal on Greece (AP)

BRUSSELS ? The head of an international banking lobby that has been leading negotiations on giving Greece easier terms on its debt says the private sector and the eurozone are far from reaching a deal to cut Greece's debt load.

Charles Dallara, the head of the Institute of International Finance, says Saturday "we're nowhere near a deal."

Banks in July agreed to accept 21 percent losses on their Greek bonds. But a report Friday by Greece's international debt inspectors said its debt might have to be cut up to 60 percent for the country to recover.

Dallara told The Associated Press plans to slash Greece debt would still leave it as "a ward of Europe" for years.

He says "we would be open to an approach that involves additional efforts from everyone."

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

BRUSSELS (AP) ? EU finance ministers neared agreement Saturday on forcing banks to raise just over euro100 billion ($140 billion) to ensure they have enough cushion to weather further losses on their Greek bonds as well as market turmoil, a European official said.

In order to help Athens dig out of its debts ? and hopefully keep a cap on the amount of money they have to loan Greece ? the 17 countries that use the euro agreed Friday to ask banks to take bigger writedowns on Greek bonds. A new report suggests the value of Greek bonds might need to be slashed as much as 60 percent.

Taming Greece's debts is an important part of the euro debt crisis puzzle, but it could make banks across the continent ? not just in the eurozone ? more vulnerable at a time when they're already facing declining stock prices and finding it difficult to get regular loans for their day-to-day operations.

So when the eurozone finance ministers decided to reopen negotiations on Greek debt with the banks, the EU had to force its banks to reinforce their rainy-day funds.

Strengthening banks and slashing Greece's debts are critical to solving Europe's crisis, which is now threatening to engulf larger economies like Italy and Spain and is blamed for dampening growth across Europe and even the world.

"The crisis in the eurozone is doing real damage to many of the European economies, including Britain," George Osborne, Britain's chancellor of the exchequer, said as he headed into Saturday's meeting. "We have had enough of short-term measures, sticking plasters that get us through the next few weeks."

The European official said EU leaders meeting Sunday should sign off on forcing the continent's biggest banks to raise just over euro100 billion in capital. The official spoke on condition of anonymity because the discussions between ministers were still ongoing.

The figure is likely to disappoint some analysts. A report by the International Monetary Fund has called for up to euro200 billion ($280 billion) to be poured into banks.

The new rules would force systemically important banks to raise their core capital ratios to 9 percent, compared with just 5 percent to 6 percent they needed to pass EU stress tests this summer. The ratio measures the amount of capital banks hold compared to their risky assets.

Greece, of course, has it far worse: The country is struggling through a third year of recession and record unemployment, which reached 16.5 percent in July. Deep anger is building against the Socialist government's repeated rounds of new austerity measures. A two-day general strike against the new cuts and taxes shut down much of the country this week and led to violent protests on the streets of Athens.

Pressure to contain the Greek crisis ramped up Friday after a new report from the country's debt inspectors ? the European Commission, the European Central Bank and the IMF ? showed that its economic situation had deteriorated dramatically even since the summer.

If banks don't take bigger losses, the report said, Greece's debt would peak at a massive 186 percent of economic output in 2013 and only decline to 152 percent by the end of 2020.

That would prevent Greece from raising money on the markets until 2021 and require the eurozone and the IMF to fund an extra euro252 billion ($350 billion) in new loans to Greece through 2020, according to the report, which was marked confidential but was seen by The Associated Press.

Those funds would be in addition to Greece's first bailout of euro110 billion ($152 billion), which has been keeping the country afloat since May of last year, and another euro109 billion ($150 billion) rescue agreed to in July.

The report said that Greece's debts would have to be cut by 60 percent if the eurozone wants to avoid lending it more money. It did not make policy recommendations, and the European Central Bank opposes cutting Greece's debts further.

But finance ministers are clearly paying close attention to the experts' document. Austrian Finance Minister Maria Fekter told journalists Saturday that the eurozone's chief negotiator, Vittorio Grilli, had been asked to restart negotiations with banks.

That means the July deal, under which banks would have taken writedowns on their Greek bond holdings of about 21 percent, is definitively off the table.

Despite that significant progress, agreement on arguably the most important measure has remained elusive to eurozone leaders: boosting the firepower of the currency union's euro440 billion ($600 billion) bailout fund to keep the crisis from spreading.

Increasing the effectiveness of the fund ? called the European Financial Stability Facility ? is meant to help prevent larger economies like Italy and Spain from being unable to afford to borrow money from markets. That's exactly what happened to Greece, Portugal and Ireland and why those three EU countries needed bailouts.

Germany and France still disagree over how to do that and failed to make much progress on that front Friday night. German Chancellor Angela Merkel and French President Nicolas Sarkozy are meeting Saturday evening in the hopes of moving toward a deal.

The Greek crisis and its threat of contagion have led to calls for more robust intervention when it becomes clear that an EU country is in financial trouble.

German Foreign Minister Guido Westerwelle said Saturday that the EU along with the IMF should be able to directly intervene in the budgets of member states if they are receiving financial aid but failing to meet fiscal targets.

But not all EU nations share his view. The foreign ministers of Luxembourg and Finland cautioned that changing the EU treaty is too big a task to tackle now and the bloc should try instead to strengthen budget rules through existing channels.

Significant changes to the EU treaty would require national referendums in some countries, and winning approval for the current treaty from 27 nations took 10 years.

___

Elena Becatoros contributed to this report from Brussels.

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/ap/20111022/ap_on_bi_ge/eu_europe_financial_crisis

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UN says North Korea needs food aid, not politics (AP)

PYONGYANG, North Korea ? Wealthier countries need to put aside politics to help millions of North Koreans going hungry from food shortages, the U.N.' top relief official said Friday, renewing an appeal for assistance that has largely gone unmet.

Speaking at the end of a five-day visit to North Korea, Valerie Amos, a U.N. undersecretary-general, said six million North Koreans, particularly children, mothers and pregnant women, need help. The figures, she said, are borne out by UN data and by what she learned from visits to farms, hospitals and orphanages, as well as from officials.

People's diets, she said, consist of rice, corn, cabbage, little else and no protein or nutrient rich foods.

While she acknowledged concerns about whether the authoritarian government diverts food aid or underfunds agriculture, Amos urged donor countries to put the needs of North Koreans ahead of other considerations.

"This is about helping the people who are most in need. It's not about saying that this country has made a choice about spending its resources in one way rather than another. We don't make those judgments in other countries, on humanitarian grounds. There's no reason to begin to do it in" North Korea, Amos told The Associated Press before leaving Pyongyang.

Hers is the latest appeal to meet a U.N. request in April for $218 million in emergency aid. Only a third has been met as key donors like the United States largely shun giving over North Korea's provocative behavior and persisting questions about whether North Korea is withholding food from its public.

Washington approved $900,000 in emergency flood aid in August but has held back on approving food aid in part because Pyongyang is funding a nuclear program, reneging on nuclear disarmament pledges. Key U.S. ally South Korea, which earlier in the last decade provided large amounts of food aid, stopped giving after its conservative president, Lee Myung-back, took office in 2008.

U.N. agencies and humanitarian groups continue to have trouble monitoring how their aid is distributed ? issues Amos said she raised with North Korean officials. She said she also discussed the "chronic poverty and underdevelopment" she saw.

Still, she said, donors should not doubt the evident need for food aid. "Donors need to trust the information that they're being given. They need to trust what they're being told about the situation here," Amos said.

Amos will apply her findings to a revised need assessment to be presented in two or three weeks.

At a news conference later Friday in Beijing, she said that, despite calamitous flooding, this year's harvest seemed on track to be as good or better than last year's, but that still wouldn't be enough to feed the country's 24 million people.

Amos said she'd been given rare access to a government public distribution center, where rations that have fallen from 21 ounces (600 grams) a day to 7 ounces (200 grams) a day per person are handed out, as well as to a private market where more nutritious food is available at prices far beyond the means of most North Koreans.

Amos said she made clear to North Korean officials that they needed to provide better data to assess needs, but also that the North needed to take the lead in humanitarian work and fix the systemic problems underlying chronic food shortages, such as a lack of mechanization in agriculture.

"The answer does not rest in the international community coming in as a result of an appeal and supporting the public distribution system through what we are able to do, particularly for those who are most vulnerable," she said.

"The government has to take responsibility," Amos said.

Source: http://us.rd.yahoo.com/dailynews/rss/nkorea/*http%3A//news.yahoo.com/s/ap/20111021/ap_on_re_as/as_nkorea_hunger

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Saturday, October 22, 2011

Solving the mysteries of short-legged Neandertals

ScienceDaily (Oct. 19, 2011) ? While most studies have concluded that a cold climate led to the short lower legs typical of Neandertals, researchers at Johns Hopkins have found that lower leg lengths shorter than the typical modern human's let them move more efficiently over the mountainous terrain where they lived. The findings reveal a broader trend relating shorter lower leg length to mountainous environments that may help explain the limb proportions of many different animals.

Their research was published online in the American Journal of Physical Anthropology and will appear in print in the November issue.

"Studies looking at limb length have always concluded that a shorter limb, including in Neandertals, leads to less efficiency of movement, because they had to take more steps to go a given distance," says lead author Ryan Higgins, graduate student in the Johns Hopkins Center of Functional Anatomy and Evolution. "But the other studies only looked at flat land. Our study suggests that the Neandertals' steps were not less efficient than modern humans in the sloped, mountainous environment where they lived."

Neandertals, who lived from 40,000 to 200,000 years ago in Europe and Western Asia, mostly during very cold periods, had a smaller stature and shorter lower leg lengths than modern humans. Because mammals in cold areas tend to be more compact, with a smaller surface area, scientists have normally concluded that it was the region's temperature that led to their truncated limbs compared to those of modern humans, who lived in a warmer environment overall.

However, Higgins' group adds a twist to this story. Using a mathematical model relating leg proportions to angle of ascent on hills, he has calculated that Neandertals on a sloped terrain would have held an advantage while moving compared to their long-legged cousins, the modern humans. Because the area Neandertals inhabited was more mountainous than where modern humans tended to live, the researchers say that this assessment paints a more accurate picture of the Neandertals' efficiency of movement as compared to humans. "Their short lower leg lengths actually made the Neandertals more adept at walking on hills," explains Higgins.

But the group didn't stop there. "In our field, if you want to prove an adaptation to the environment, like mountains leading to shorter leg lengths, you can't just look at one species; you have to look at many species in the same situation, and see the same pattern happening over and over again," says Higgins. "We needed to look at other animals with similar leg construction that existed in both flat and mountainous areas, as Neandertals and humans did, to see if animals tended to have shorter lower leg length in the mountains."

The researchers decided to study different types of bovids--a group of mammals including gazelles, antelopes, goats and sheep--since these animals live in warm and cold environments on both flat and hilly terrain. The group took data from the literature on bovid leg bones and found that they fit the pattern: mountainous bovids, such as sheep and mountain goats, overall had shorter lower leg bones than their relatives on flat land, such as antelopes and gazelles, even when they lived in the same climates.

Investigating closely related bovids brought this trend into even sharper relief. Most gazelles live on flat land, and the one mountainous gazelle species examined had relatively shorter lower legs, despite sharing the same climate. Also, among caprids (goats and sheep), which mostly live on mountains, the one flat land member of the group exhibited relatively longer lower legs than all the others.

"Biologists have Bergman's and Allen's Rules, which predict reduced surface area to body size and shorter limbs in colder environments," says Higgins. "Our evidence suggests that we can also predict certain limb configurations based on topography. We believe adding the topic of terrain to ongoing discussions about limb proportions will allows us to better refine our understanding of how living species adapt to their environments. This improved understanding will help us better interpret the characteristics of many fossil species, not just Neandertals."

Funding for this research was provided by the Johns Hopkins Center of Functional Anatomy and Evolution.

This study was completed by Ryan Higgins and Christopher B. Ruff, Ph.D., also of the Johns Hopkins Center of Functional Anatomy and Evolution.

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Journal Reference:

  1. Ryan W. Higgins, Christopher B. Ruff. The effects of distal limb segment shortening on locomotor efficiency in sloped terrain: Implications for Neandertal locomotor behavior. American Journal of Physical Anthropology, 2011; 146 (3): 336 DOI: 10.1002/ajpa.21575

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

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Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/tUPLY5eqBcU/111019172103.htm

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