মঙ্গলবার, ২৬ ফেব্রুয়ারী, ২০১৩

Controlling element of Huntington's disease discovered: Molecular troika regulates production of harmful protein

Feb. 26, 2013 ? Huntington's disease, also known as Huntington's chorea, is a hereditary brain disease causing movement disorders and dementia. In Germany, there are about 8,000 patients affected by Huntington's disease, with several hundred new cases arising every year. The disease usually manifests between the ages of 35 and 50. To date, it is incurable and inevitably leads to death. It is caused by a specific genetic defect: In the patient's DNA, which is the carrier of genetic information, there are multiple copies of a certain motif. "Repeats like this are also found in healthy people. However, in cases of Huntington's disease, these sequences are longer than usual," explains Dr. Sybille Krauss from the DZNE in Bonn.

The long DNA sequences in Huntington's disease lead to changes in a certain protein called "Huntingtin." The DNA is like an archive of blueprints for proteins. Errors in the DNA therefore result in defective proteins. "Huntingtin is essential for the organism's survival. It is a multi-talent which is important for many processes," emphasises Krauss. "If the protein is defective, brain cells may die."

In the spotlight: protein synthesis

In the current study, the scientists around Sybille Krauss and the Mainz-based human geneticist Susann Schweiger took a closer look at a critical stage of protein production -- translation. At this step, a copy of the DNA, the so-called messenger RNA, is processed by the cell's protein factories. In patients with Huntington's disease, the messenger RNA contains an unusually high number of consecutive CAG sequences -- CAG representing the building plan for the amino acid glutamine.

These repetitive sequences have a direct consequence: more glutamine than normal is built into Huntingtin, which is therefore defective. Sybille Krauss and her colleagues have now identified a group of three molecules, which regulate the production of this protein. "We were able to show that this complex binds to the messenger RNA and controls the synthesis of defective Huntingtin," says Krauss. When the scientists reduced the concentration of this so-called MID1 complex in the cell, production of the defective protein declined.

"If we could find a way of influencing this complex, for example with pharmaceuticals, it is quite possible that we could directly affect the production of defective Huntingtin. This kind of treatment would not just treat the symptoms but also the causes of Huntington's disease," says Krauss.

Background:

Three molecules come together

The complex consists of MID1, from which it gets its name, and the proteins PP2Ac and S6K. "Every single one of these proteins is known to be important for translation. We have discovered that in the specific case of Huntington's disease, they together bind to the CAG sequences. This was previously unknown. We also found that binding increases with repeat lengths," says Krauss. "In sequences of normal length, we found only weak binding or none at all."

The Bonn-based molecular biologist and her colleagues investigated the effect of the MID1 complex and the interaction between its components in a series of elaborate laboratory experiments. "This project took several years of research work," says Krauss. Along with biochemical procedures, the scientists used cell cultures and analysed proteins from the brains of mice. The mice's genetic code had been modified in such a way that it contained elongated CAG-repeats as it is typical for Huntington's disease.

From previous studies it was already known that the protein MID1 tends to bind messenger RNAs. The scientists were now able to show that MID1 also attaches to messenger RNAs with excessively long CAG sequences. Furthermore, experiments showed that PP2Ac and S6K also bound the RNA in the presence of MID1. However, if the MID1 was depleted, this binding did not occur. "From this, we can conclude that these three proteins form a molecular complex, which binds to the RNA. MID1 is a key component. It actually seems to keep together its binding partners," Krauss comments on the results of the experiments.

Complex controls protein production

The researchers were also able to prove that the MID1 complex controls the translation of RNA with excessively long CAG sequences. For this, they investigated various cell cultures. The cells produced either normal Huntingtin or -- due to excessively long sequences in their DNA -- a defective version of this protein. The scientists reduced the occurrence of MID1 inside the cells using a procedure known as "knock-down." The elimination of this protein, which is a major part of the MID1 complex, had direct consequences: the production of defective Huntingtin declined. "However, it did not affect the production of normal Huntingtin," emphazises Krauss. "This further proves that the MID1 complex specifically targets RNAs with excessively long CAG sequences."

Highly specific

The Bonn-based molecular biologist sees this specific influence as a chance to treat Huntington's disease: "The MID1 complex is a promising target for therapy. It indicates a possibility to suppress the production of defective Huntingtin only, while not affecting the production of normal Huntingtin. This is of particular significance, because the normal protein is also being produced in the patients' bodies and it is important for the organism."

A suitable active substance has yet to be found, says Krauss. However, the next developments are in sight: "We now want to test potential substances in the laboratory," she says.

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Story Source:

The above story is reprinted from materials provided by Helmholtz Association of German Research Centres, via EurekAlert!, a service of AAAS.

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


Journal Reference:

  1. Sybille Krau?, Nadine Griesche, Ewa Jastrzebska, Changwei Chen, D?siree Rutschow, Clemens Achm?ller, Stephanie Dorn, Sylvia M. Boesch, Maciej Lalowski, Erich Wanker, Rainer Schneider, Susann Schweiger. Translation of HTT mRNA with expanded CAG repeats is regulated by the MID1?PP2A protein complex. Nature Communications, 2013; 4: 1511 DOI: 10.1038/ncomms2514

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

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/health_medicine/genes/~3/3hXgOI3qYjI/130226113826.htm

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'Workaholics' Sneak Peek: Kurt Loder Shout-Outs (And Sally Kellerman)

Get a first look at Wednesday night's brand-new episode of 'Workaholics' right now!
By James Montgomery


Anders Holm and Sally Kellerman in "Workaholics"
Photo: Comedy Central

Source: http://www.mtv.com/news/articles/1702617/workaholics-true-life-sally-kellerman-clip.jhtml

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সোমবার, ২৫ ফেব্রুয়ারী, ২০১৩

PFT: Jones wants credit if 'Boys win Super Bowl

FlaccoGetty Images

If the Ravens want to make Joe Flacco the highest paid quarterback in the NFL, and if Flacco is satisfied to barely clear the bar set last year by Saints quarterback Drew Brees, there?s a quick and easy way to get this contract done.

Using Brees? 2012 contract as the starting point, Flacco would get a $40 million signing bonus, a fully-guaranteed base salary of $5 million in 2013, and base salaries of $10 million in 2014, $13 million in 2015, $15 million in 2016, and $18 million in 2017.

Under the rules of signing-bonus proration, $8 million would be applied to each year?s salary cap.? That would result in a cap number of $13 million in 2013, $18 million in 2014, $21 million in 2015, $23 million in 2016, and $26 million in 2017.

It equates to a five-year payout of $101 million ? $1 million better than Brees and, for now, making Flacco the highest-paid quarterback in the NFL.

The two sides would have to decide whether and to what extent the money due beyond 2013 would be guaranteed, for injury only or fully.? Last year, Brees received $40 million in the first year, with $20 million guaranteed for injury only in future years.? (The injury guarantees eventually convert to full guarantees.)

The cap number in the final year would be a potential problem for the Ravens, since Flacco presumably would have one more long-term contract left before retirement.? Specifically, the $26 million cap number in 2017 would translate to a franchise tag of $31.2 million in 2018.? Thus, it would make more sense for the Ravens to tack on a sixth year at a base salary of, say, $21 million.

This would keep the average north of $20 million per year and it would give the Ravens a more manageable franchise number of $25.2 million for 2019.

Is it really that simple?? Yes, it is.? Which means that it likely won?t happen this way.

Even though it could be worked out in a matter of hours.? Or, if both sides are truly motivated, a matter of minutes.

Source: http://profootballtalk.nbcsports.com/2013/02/25/jerry-jones-when-we-win-a-super-bowl-give-me-the-credit-as-g-m/related/

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Tim Tebow Attacked By AFA For Canceling Gig At Mega Hate Church

Posted by: Bridgette P. LaVictoire on February 24, 2013.University of Florida quarterback Tim Tebow sp...

Tim Tebow in his Sunday Best (Photo credit: Wikipedia)

Tim Tebow is facing a great deal of blowback from evangelicals for his decision to not speak at First Baptist Church of Dallas. The Texas meagachurch is led by Pastor Robert Jeffress, an anti-gay, anti-Catholic, anti-Semitic, anti-Muslim Evangelical. Tebow claimed that he was cancelling his April appearance due to ?new information?; however, it is likely that he decided to cut out his visit to the church due to the probability of him losing his backup quarterback job with the New York Jets.

Claims were made by various Evangelicals that Tebow, who has proven to be a mediocre quarterback overall, had caved to the liberal media. Chief among those who slammed Tebow were the American Family Association?s Bryan Fischer who took to Facebook to allege that Tebow?s cancellation hurt his ?street cred with the Christian community.? Fischer wrote:

If Tebow does not in fact disagree with Jeffress on any of these points, then his decision looks like nothing more than craven capitulation to the nattering nabobs of negativism and intolerance ? Tebow has established his street cred with the evangelical community by being unapologetic and unwavering in his faith. If his NFL career washes out, this street cred with the Christian community is all he has left. He is squandering that enormous reservoir of goodwill and admiration as we speak, by taking a knee rather than stepping up in the pocket.

Apparently, tough, many Evangelicals even associated with the AFA disagree with the majority of the commentors on the One News Now site blasting the AFA for attacking Tebow. One News Now is the AFA?s news site, incidentally. In fact, the push back got so bad that, as The New Civil Rights Movement noted, the story got pulled down, rewritten and put back up trying to make it sound like the pushback against Tebow was coming from The People and not the AFA.

Jeffress, though, is maintaining that quarterback Tim Tebow has not canceled his appearance, but has just rescheduled.

It should be noted that the AFA maintains many of the same views as Jeffress with regards to Catholicism, Native Americans, Blacks, Gays, Muslims and Jews.

Source: http://lezgetreal.com/2013/02/tim-tebow-attacked-by-afa-for-canceling-gig-at-mega-hate-church/

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Weather extremes provoked by trapping of giant waves in the atmosphere

Feb. 25, 2013 ? The world has suffered from severe regional weather extremes in recent years, such as the heat wave in the United States in 2011 or the one in Russia 2010 coinciding with the unprecedented Pakistan flood. Behind these devastating individual events there is a common physical cause, propose scientists of the Potsdam Institute for Climate Impact Research (PIK). The study will be published this week in the Proceedings of the National Academy of Sciences and suggests that man-made climate change repeatedly disturbs the patterns of atmospheric flow around the globe's Northern hemisphere through a subtle resonance mechanism.

"An important part of the global air motion in the mid-latitudes of the Earth normally takes the form of waves wandering around the planet, oscillating between the tropical and the Arctic regions. So when they swing up, these waves suck warm air from the tropics to Europe, Russia, or the US, and when they swing down, they do the same thing with cold air from the Arctic," explains lead author Vladimir Petoukhov.

"What we found is that during several recent extreme weather events these planetary waves almost freeze in their tracks for weeks. So instead of bringing in cool air after having brought warm air in before, the heat just stays. In fact, we observe a strong amplification of the usually weak, slowly moving component of these waves," says Petoukhov. Time is critical here: two or three days of 30 degrees Celsius are no problem, but twenty or more days lead to extreme heat stress. Since many ecosystems and cities are not adapted to this, prolonged hot periods can result in a high death toll, forest fires, and dramatic harvest losses.

Anomalous surface temperatures are disturbing the air flows

Climate change caused by greenhouse-gas emissions from fossil-fuel burning does not mean uniform global warming -- in the Arctic, the relative increase of temperatures, amplified by the loss of snow and ice, is higher than on average. This in turn reduces the temperature difference between the Arctic and, for example, Europe, yet temperature differences are a main driver of air flow. Additionally, continents generally warm and cool more readily than the oceans. "These two factors are crucial for the mechanism we detected," says Petoukhov. "They result in an unnatural pattern of the mid-latitude air flow, so that for extended periods the slow synoptic waves get trapped."

The authors of the study developed equations that describe the wave motions in the extra-tropical atmosphere and show under what conditions those waves can grind to a halt and get amplified. They tested their assumptions using standard daily weather data from the US National Centers for Environmental Prediction (NCEP). During recent periods in which several major weather extremes occurred, the trapping and strong amplification of particular waves -- like "wave seven" (which has seven troughs and crests spanning the globe) -- was indeed observed. The data show an increase in the occurrence of these specific atmospheric patterns, which is statistically significant at the 90 percent confidence level.

The probability of extremes increases -- but other factors come in as well

"Our dynamical analysis helps to explain the increasing number of novel weather extremes. It complements previous research that already linked such phenomena to climate change, but did not yet identify a mechanism behind it," says Hans Joachim Schellnhuber, director of PIK and co-author of the study. "This is quite a breakthrough, even though things are not at all simple -- the suggested physical process increases the probability of weather extremes, but additional factors certainly play a role as well, including natural variability." Also, the 32-year period studied in the project provides a good indication of the mechanism involved, yet is too short for definite conclusions.

Nevertheless, the study significantly advances the understanding of the relation between weather extremes and human-made climate change. Scientists were surprised by how far outside past experience some of the recent extremes have been. The new data show that the emergence of extraordinary weather is not just a linear response to the mean warming trend, and the proposed mechanism could explain that.

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Story Source:

The above story is reprinted from materials provided by Potsdam Institute for Climate Impact Research (PIK).

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


Journal Reference:

  1. Petoukhov, V., Rahmstorf, S., Petri, S., Schellnhuber, H. J. Quasi-resonant amplification of planetary waves and recent Northern Hemisphere weather extremes. Proceedings of the National Academy of Sciences, 2013 DOI: 10.1073/pnas.1222000110

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/~3/kxPdGyqhAPI/130225153128.htm

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রবিবার, ২৪ ফেব্রুয়ারী, ২০১৩

Florida Georgia Line with Q103.1 and Big Brothers Big Sisters (Slideshow)

Sorry, Readability was unable to parse this page for content.

Source: http://feedproxy.google.com/~r/louisvillecom/~3/aGnMuLE7HwM/florida-georgia-line-q1031-and-big-brothers-big-sisters

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Don't Worry, The Chromebook Pixel Isn't Just Stuck Running Chrome OS

The Chromebook Pixel has caught a lot of flak for being an expensive, powerful computer that arguably throws that power away on the stripped down and simple Chrome OS. Well, it doesn't have to be that way if you're game to tinker a little bit. Turns out throwing Linux on that sucker is already a breeze. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/Q0Ozvx5RBsY/dont-worry-the-chromebook-pixel-isnt-just-stuck-running-chromeos

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CAPTION THE ARTWORK: Sandro Botticelli's 'Portrait Of A Youth With A Medal' (PHOTO)

In 1475 Renaissance favorite Sandro Botticelli took a break from painting goddesses and muses to capture a particularly chiseled youth and his bling medal.

botticelli

"Portrait of a Youth with a Medal" depicts haughty looking youth bearing a Cosimo de' Medici medal and some Renaissance swagger. While his identity remains unknown, one thing is for certain: this youth is a badass with a bob.

If the anonymous youth was able to post his glamour shot on Facebook, what do you think would be his snarky comment? Go on readers, caption it!

Earlier on HuffPost:

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Source: http://www.huffingtonpost.com/2013/02/24/caption-this-sandro-botticelli-portrait-of-a-youth-with-a-medal_n_2734463.html

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শুক্রবার, ২২ ফেব্রুয়ারী, ২০১৩

Mushroom-supplemented soybean extract shows therapeutic promise for advanced prostate cancer

A natural, nontoxic product called genistein-combined polysaccharide, or GCP, which is commercially available in health stores, could help lengthen the life expectancy of certain prostate cancer patients, UC Davis researchers have found.

Men with prostate cancer that has spread to other parts of the body, known as metastatic cancer, and who have had their testosterone lowered with drug therapy are most likely to benefit. The study, recently published in Endocrine-Related Cancer, was conducted in prostate cancer cells and in mice.

Lowering of testosterone, also known as androgen-deprivation therapy, has long been the standard of care for patients with metastatic prostate cancer, but life expectancies vary widely for those who undergo this treatment. Testosterone is an androgen, the generic term for any compound that stimulates or controls development and maintenance of male characteristics by binding to androgen receptors.

The current findings hold promise for GCP therapy as a way to extend life expectancy of patients with low response to androgen-deprivation therapy.

Paramita Ghosh, an associate professor in the UC Davis School of Medicine, led the pre-clinical study with a team that included UC Davis Comprehensive Cancer Center Director Ralph de Vere White, a UC Davis distinguished professor of urology. Ruth Vinall in the UC Davis Department of Urology and Clifford Tepper in the UC Davis Department of Biochemistry and Molecular Medicine directed the studies in mice; Ghosh?s laboratory conducted the cell studies.

The research focused on GCP, a proprietary extract cultured from soybeans and shiitake mushrooms and marketed by Amino-Up of Sapporo, Japan. Researchers found that the combination of the compounds genistein and daidzein, both present in GCP, helps block a key mechanism used by prostate cancer cells to survive in the face of testosterone deprivation.

The research team had earlier shown that when a patient?s androgen level goes down, cancerous prostate cells kick out a protein known as filamin A, which is otherwise attached to the androgen receptor in the cell?s nucleus. The androgen receptor regulates growth of prostate cancer cells. Once filamin A leaves the cancerous cell?s nucleus, that cell no longer requires androgens to survive. Thus, loss of filamin A allows these cells to survive androgen deprivation, at and the cancer essentially becomes incurable.

The paper, titled ?Enhancing the effectiveness of androgen deprivation in prostate cancer by inducing Filamin A nuclear localization,? shows for the first time that GCP keeps filamin A in the nucleus. As long as this protein remains attached to the androgen receptor, the cancerous cells need androgens to survive and grow. They die off when starved of androgens, thus prolonging the effects of androgen deprivation, which ultimately prolongs the patient?s life.

The team?s hypothesis is that metastatic prostate cancer patients with the weakest response to androgen-deprivation therapy could be given GCP concurrently with androgen deprivation therapy to retain Filamin A in the nucleus, thereby allowing cancer cells to die off.

De Vere White is now pursuing funding to begin GCP human clinical trials. Because GCP is a natural product rather than a drug, and requires fewer government approvals, it?s expected that these trials will proceed rapidly once funded.

?We should know within the first eight months or so of human clinical trials if GCP works to reduce PSA levels,? says de Vere White, referring to prostate-specific antigen levels, a tumor marker to detect cancer. ?We want to see up to 75 percent of metastatic prostate cancer patients lower their PSA levels, and GCP holds promise of accomplishing this goal. If that happens, it would probably be a greater therapy than any drug today.?

The research was supported by a Biomedical Laboratory Research and Development service Merit Award (I01BX000400) from the Department of Veterans Affairs and by R01CA133209 from the National Cancer Institute.

Other authors were Benjamin A. Mooso, Sheetal Singh, Salma Siddiqui, and Maria Mudryj of the VA Northern California Health Care System; Ruth L. Vinall, Rosalinda M. Savoy, Jean P. Cheung, and Yu Wang of the UC Davis Department of Urology; Clifford G. Tepper, Anthony Martinez, and Hsing-Jien Kung of the UC Davis Department of Biochemistry and Molecular Medicine; and Roble G. Bedolla of the University of Texas Health Science Center at San Antonio.

UC Davis Comprehensive Cancer Center UC Davis Comprehensive Cancer Center is the only National Cancer Institute-designated center serving the Central Valley and inland Northern California, a region of more than 6 million people. Its specialists provide compassionate, comprehensive care for more than 9,000 adults and children every year, and access to more than 150 clinical trials at any given time. Its innovative research program engages more than 280 scientists at UC Davis, Lawrence Livermore National Laboratory and Jackson Laboratory (JAX West), whose scientific partnerships advance discovery of new tools to diagnose and treat cancer. Through the Cancer Care Network, UC Davis collaborates with a number of hospitals and clinical centers throughout the Central Valley and Northern California regions to offer the latest cancer care. Its community-based outreach and education programs address disparities in cancer outcomes across diverse populations. For more information, visit cancer.ucdavis.edu.

Source: http://engineeringevil.com/2013/02/21/mushroom-supplemented-soybean-extract-shows-therapeutic-promise-for-advanced-prostate-cancer/

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Gingrich: GOP Must 'Show Up' in Minority Communities and 'Listen'

Republican incumbents in Washington must devote large amounts of their time to minority neighborhoods, in a bid to repair the perception that the GOP doesn?t care about them, Newt Gingrich says.

?Part of it is just frankly paying attention and sitting down saying, what are your problems? . . . The fact is we don?t even show up,?? the former Republican House Speaker told Steve Malzberg on Newsmax TV?s ?The Steve Malzberg Show.??

?I would say every Republican incumbent in the House and Senate, for example, should spend one third of their time in minority communities.

Story continues below.


?And they don?t have to go there to sell out; they ought to go there to listen. What are their concerns about bad schools? What are their concerns about crime? . . . The fact is we don?t even show up.??

Gingrich, now a political consultant, said Republicans had a ?flat-footed approach?? in reaching minorities that did little but ?alienate?? them.

?Take for example Asian Americans, which actually was Obama?s second strongest group after African Americans. Republicans did worse with Asian Americans than they did with Latino Americans,?? Gingrich said.

?The legal visa system for people who we want to have come here legally is a total mess. It is a bureaucratic nightmare . . .? [Reforming that] would be seen by every ethnic group as a sign that we?re at least aware of one of their major problems.??

Gingrich complained that the GOP has relied too much on the use of political consultants in elections.

?It?s a huge mistake for a lot of different reasons . . .? This idea that one or two brilliant consultants are going to look out over 50 states and handpick who ought to be the nominees. I can?t imagine any worse idea,?? he said.

?We?re at a time when we need more talent, we need to open the party up, we need more people involved, and nobody is smart enough to do all this.??

And among the people trying to do so, Gingrich said, is George W. Bush?s senior policy advisor-turned-political consultant Karl Rove, who recently roiled the GOP by forming the Conservative Victory Party to find ?electable?? conservatives.

?Karl Rove and others, they point toward two states: Missouri and Indiana, where our candidates frankly made mistakes, and they say, we would have saved you from that,?? Gingrich said.

?They don?t point to Montana, North Dakota, Wisconsin, Ohio, Pennsylvania, Virginia, and Florida where we also lost.??

Gingrich said that when he was in the running for the Republican presidential nomination last year, ?we had all of our major consultants leave in June of 2011. It was the end of campaign.

?Then by December without any of those consultants I was the frontrunner and Gallup showed me leading the pack by a big margin.

?It was only when [Mitt] Romney used enormous amounts of money that they were able to slow down our campaign.??

? 2013 Newsmax. All rights reserved.

Source: http://www.newsmax.com/Newsfront/gingrich-gop-minority-vote/2013/02/21/id/491454

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বৃহস্পতিবার, ২১ ফেব্রুয়ারী, ২০১৩

Not Right Wing Journalism's Finest Hour (Little green footballs)

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

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/286198601?client_source=feed&format=rss

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Labor, business agree to principles on immigration

WASHINGTON (AP) -- Business and labor groups announced agreement Thursday on the principles of a new system to bring lower-skilled workers to the U.S, a key priority for a comprehensive immigration bill.

The U.S. Chamber of Commerce and the AFL-CIO reached consensus after weeks of closed-doors negotiations they were conducting at the request of Sens. Chuck Schumer, D-N.Y., and Lindsey Graham, R-S.C., two of the senators involved in crafting an immigration deal on Capitol Hill. Ensuring that future workers can come to the U.S. legally is expected to be a central element of the deal, which will also address border security, employer verification and a pathway to citizenship for the 11 million illegal immigrants in the U.S.

The principles announced Thursday include agreement on the need for a way to let businesses more easily hire foreign workers when Americans aren't available to fill jobs. This will require a new kind of worker visa program that does not keep all workers in a permanent temporary status and responds as the U.S. economy grows and shrinks, the groups said in a joint news release.

They also said they see the need for a new professional bureau housed within a federal executive agency and tasked with informing Congress and the public about labor market needs and shortages. That addresses a key demand from the labor side for a more transparent and data-driven process about business' needs for workers.

"We have found common ground in several important areas and have committed to continue to work together and with member of Congress to enact legislation that will solve our current problems in a lasting manner," the statement from the Chamber of Commerce and AFL-CIO said. "We are now in the middle ? not the end ? of this process."

Even so, Thursday's agreement represents a significant step in talks that some on Capitol Hill gave little chance of success.

"This is yet another sign of progress, of bipartisanship, and we are encouraged by it," White House press secretary Jay Carney said. Schumer called the announcement "a major step forward."

President Barack Obama has been criticized as caving in to organized labor for failing to include a temporary worker program in his own immigration blueprint. Carney would not say whether the White House supports a visa program for low-skill workers.

In a sign of the growing support for action on immigration, House Majority Leader Eric Cantor, R-Va., one of a number of Republicans who've recently softened their opposition to eventual citizenship for some illegal immigrants, issued a statement saying he was encouraged "that two groups often on opposite sides of the aisle are serious about putting politics aside and finding solutions."

Business and labor have long been at odds over any temporary worker program, with business groups wanting more workers and labor groups concerned about worker protections and that any large-scale program that could displace American workers. The issue helped sink the last congressional attempt at rewriting the nation's immigration laws, in 2007, which was partly why Schumer and Graham asked Chamber President Tom Donohue and AFL-CIO President Richard Trumka to try to forge an accord that Senate negotiators could include in legislation they hope to complete by next month.

Donohue and Trumka issued a joint statement that said, in part, "The fact that business and labor can come together to negotiate in good faith over contentious issues should be a signal to Congress and the American people that support for immigration reform is widespread and growing, and is important to our economy and our society."

The principles announced Thursday make clear that both sides have given ground. Business will get a temporary worker program, something labor long opposed, and labor will see creation of a government entity that describes labor market needs, instead of leaving that task to employers themselves.

Various thorny issues remain, including how many new visas would be provided under the new program and what kind of pay and protections workers would get.

The Chamber of Commerce and AFL-CIO have taken the lead in negotiations that have also included other business associations and labor unions. Senators and their aides are expected to play a larger role in the talks.

The U.S. already has several temporary worker programs, but they don't work well and experts say a large proportion of migrant workers in agricultural and other low-skill fields like landscaping or housekeeping are in the U.S. illegally.

___

Associated Press writers Nedra Pickler and Darlene Superville contributed to this report.

Source: http://news.yahoo.com/labor-business-agree-principles-immigration-181600179.html

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Another victory for Snohomish High School football star

by HEATHER GRAF / KING 5 News

KING5.com

Posted on February 19, 2013 at 7:33 PM

Updated today at 8:06 PM

Over the last three years, he's become the hometown hero of Snohomish High School.? Ike Ditzenberger is a special needs student turned football star who gained YouTube fame in 2010.? Now, he's back in the spotlight for a different reason.

Ike is almost 20 years old, and like most special needs students, he's been in high school for more than four years.

"Ike is now what he calls a super senior, so he's in his 13th year of school, and he is a special needs boy with down syndrome," said his mother, Kay Ditzenberger.

Video of his first touchdown in October 2010 has been viewed around the world.? Since then, he's been the heart of his school's team.

Because of Ike's age, the current Washington Interscholastic Activities Association rules would make him ineligible to play football next year.

It's something Ike was incredibly disappointed about.? He loves the sport, and his parents say football and wrestling helped him both socially and emotionally.

"He's actually become a completely different person," she said.

Ike's friends and teammates saw that transformation firsthand.? So when a government teacher told them to come up with legislation to pitch to lawmakers in Olympia, they instantly thought of Ike.

"As an assignment in government class they put together a bill and called it the Ike Bill," said Kay.

The 'Ike Act', also known as Senate Bill 5172, would allow him and other special needs students to participate in extracurricular activities for the duration of their time in high school, no matter their age.

Several state lawmakers quickly jumped on board, and that's all it took to catch the attention of the WIAA.

WIAA Executive Director Mike Colbrese says a change to the state law books isn't' necessary.? Instead, he decided to immediately change the current WIAA policy.? He says Ike will be allowed to play football next year, and the requests of other special needs' students will be reviewed and decided on a case-by-case basis.

Ditzenberger was thrilled when he heard the news.

Still, his mother and a few others plan to continue to push the bill named for her son.

She says it's necessary to protect their basic civil rights.

"I wish this for all special needs children, for all children, regardless of their ability," she said.? "Special needs children should have access to the same resources as other kids."

The concern of the WIAA is that changing the state law would create a slippery slope.? For example, a team might be given a competitive physical advantage if a 21-year-old, high functioning special needs student is on their team.

A statement from WIAA reads:

"Through discussions between the WIAA staff, Snohomish High School students and administration, along with a family member of a special needs student, the Association will on a case-by-case basis waive WIAA rule 18.14.0 - Season Limitations.? The case-by-case review allows the Association to determine a consistent course of action for all waiver requests."

Regardless of what happens, Ike and his friends consider it a victory, because the boy that loves football so very much will get to play another season.

?

Source: http://www.king5.com/sports/Victory-For-Snohomish-High-Football-Ike-Ditzenberger-191938821.html

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TV anchor Robin Roberts returns to Good Morning America show

NEW YORK (Reuters) - Robin Roberts, a co-host of ABC's "Good Morning America," returned to the popular morning news show on Wednesday, five months after a bone-marrow transplant for a rare blood disorder that was triggered by cancer treatment.

Roberts, 52, was welcomed back with a special edition of the show that began with a taped message from President Barack Obama and his wife, Michelle.

"Good morning, America, and welcome back, Robin," the first lady said.

Roberts said she had waited 174 days to return to the show and was pinching herself so she knew it was real.

"This is really happening," she said. "Faith, family and friends have brought me to this moment and I am so full of gratitude."

Roberts took a medical leave of absence in August to fight the blood disorder myelodysplastic syndrome. Five years earlier she had been treated for breast cancer.

ABC News announced that Roberts will interview Mrs. Obama later this week for next Tuesday's show. The first lady's program to fight childhood obesity will be among the topics.

"Robin, we just want you to know that the whole Obama family, we've been thinking about you and praying for you and rooting for you every step of the way," Mrs. Obama said in the message.

Oprah and former U.S. Secretary of State Hillary Clinton were among the celebrities who offered Roberts their best wishes on her return to "Good Morning America," which has bumped NBC's "Today" show from the top spot in the ratings last year.

The show has remained ahead while Roberts was away as guests co-hosts filled in for her.

Roberts said she first realized something was wrong with her health a year ago while covering the Academy Awards in Los Angeles. She saw a doctor after suffering from exhaustion and the blood disorder was discovered.

Her doctors said they will monitor her condition to make sure she does not overdo it. The nurses and doctors who cared for her were on the show Wednesday, along with her siblings and friends.

(Reporting by Noreen O'Donnell; Editing by Patricia Reaney and Bill Trott)

Source: http://news.yahoo.com/tv-anchor-robin-roberts-returns-good-morning-american-163003929.html

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8 arrested in slaying of Russian councilman

MOSCOW (AP) ? Russian investigators have now arrested eight people in the case of a city councilman found dead in a cement barrel, allegedly after he owed $80 million in a business deal gone awry.

The Investigative Committee said Tuesday it arrested one man suspected in the murder-kidnapping of Mikhail Pakhomov and another accused of a related theft. The 37-year-old councilman in Lipetsk, 350 kilometers (215 miles) south of Moscow, disappeared last week after three men forced him into a car. His body was found Monday.

Evgeny Kharitonov, a former deputy minister in Moscow's provincial government, is charged with organizing the kidnapping over what police called an $80 million debt. A warrant has been issued for his business partner.

Pakhomov had a construction business before becoming a politician.

Source: http://news.yahoo.com/8-arrested-slaying-russian-councilman-134657484.html

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Expats are still turned off by jobs in Qatar

Job Market

By Paul Clarke, Feb 19 2013

Dubai may be increasing in popularity among expat financial services professionals, but despite all the hype around Qatar?s growth prospects, it remains a hard sell.

?Expat financial services professionals are still not convinced by the career opportunities available in Qatar,? said Barbara van Meir, managing director of Middle East executive search firm Nogel & Noor. ?Most of the work on offer tends to be government-related, and the international firms that operate in the region tend to maintain their hubs in Dubai.?

Credit Suisse is one international firm that is making a commitment to Qatar by transferring bankers to the Peninsula from its Dubai Middle East headquarters. However, a report on Reuters last week suggests that the bank is having a hard time convincing people to make the switch.

?I am not sure how well that plan is working, at least on the investment banking side. They haven?t been able to move any of the senior bankers to Doha so far,? a banking source told the newswire.

Qatar is arguably more reliant on expats than Dubai. Of the 10,650 people working in the financial sector, 76% are non-Qataris, according to the Qatar Statistics Authority.

The biggest recruiters are the local institutions. Qatar National Bank has been on a recruitment drive for the past six months including within its capital markets division, QInvest is expected to hire following its acquisition of EFG Hermes and the $115bn Qatar Investment Authority (QIA) has been eager to hire expat talent for the past two years.

One source close to the QIA, who declined to be named because he is not authorised to talk to the media, said that their tactic had been to recruit expats from outside of the region, rather than convince people to move from other Middle Eastern financial centres.

?Shrinking opportunities in Western locations has made it easier to attract leaders from bulge bracket banks, and then they were able to use their network to bring in talent lower down the career ladder,? he said. ?Qatar is not for everyone ? if you have a family and want to settle down the lifestyle is good. Dubai is more like a Club 18-30 holiday.?

Qatar?s growth prospects are considered an attractive proposition, he said. Over the next ten years, the Peninsula is expected to invest over $200bn in infrastructure, something that will prove attractive to both fund managers and banks keen to tap into the development projects.

?The best thing about Qatar is that it?s a small market with huge growth potential, so anyone who makes the move now has the chance to expose themselves to the people and institutions that matter,? argues the QIA employee.

Nonetheless, Qatar is not the preferred choice. Peter Greaves, Managing Director of IES HR Consultants?in Dubai said: ?The number one choice for expat bankers is Dubai, followed by Abu Dhabi then Qatar.?


Source: http://news.dealbreaker.efinancialcareers.com/newsandviews_item/wpNewsItemId-134824

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Joe Biden's tip for self-defense: Get a shotgun

WASHINGTON (Reuters) - U.S. Vice President Joe Biden's advice for self-defense: Buy a shotgun, not an assault rifle.

Biden, who is spearheading a push for President Barack Obama's gun control proposals, dispensed this off-the-cuff tip for protecting life and property during an online question-and-answer session on Facebook on Tuesday.

The vice president has not one but two shotguns that he says he keeps in a locked cabinet at his house in his home state of Delaware, and he has given his wife, Jill, explicit instructions on how to deal with any would-be intruder.

"We live in an area that's wooded and secluded," Biden said. "I said, Jill, if there's ever a problem just walk out on the balcony here ... put that double-barreled shotgun and fire two blasts outside the house."

"I promise you whoever's coming in is not gonna," Biden said. "You don't need an AR-15 (assault rifle). It's harder to aim. It's harder to use and in fact you don't need 30 rounds to protect yourself."

"Buy a shotgun," he said, lowering his voice almost to whisper.

The vice president, who is known for sometimes telling long, personal stories in his public appearances, is pushing Obama's plan for curbing gun violence following the December school shooting massacre in Newtown, Connecticut.

But some of the proposals, including a ban on the sale of assault weapons and high-capacity ammunition clips, have run into stiff opposition from the influential U.S. gun lobby and their advocates on Capitol Hill.

(Reporting By Matt Spetalnick)

Source: http://news.yahoo.com/joe-bidens-tip-self-defense-shotgun-013431210.html

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Obama to use emergency responders to push GOP on cuts

President Barack Obama on Tuesday morning will stand with emergency responders at the White House, according to a White House official, to issue yet another warning to Congressional Republicans ahead of across-the-board, automatic spending cuts known as the sequester. The cuts total $85 billion and are set to go into effect if a budget is not passed by March 1.

The president is scheduled to deliver his remarks at 10:45 a.m. ET. He will discuss the impact of federal cuts on emergency first responders, as well as the effect of the sequester on other jobs and the middle class, according to the official.

Obama has urged Congress to pass a short-term budget fix in the absence of a complete budget resolution. The alternative, the White House says, will derail the economy.

The White House accuses Republicans of preferring a sequester over closing tax loopholes for the nation's wealthiest. Many Republicans, including House Speaker John Boehner, have voiced their disapproval of the sequester (even though Boehner and a majority of Republicans voted for the fiscal cliff plan that maintained it), and have pushed the president and Democrats to offer a concrete alternative that tackles debt and deficit problems.

Source: http://news.yahoo.com/blogs/ticket/obama-emergency-responders-push-republicans-sequester-141651336--politics.html

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Searching for the solar system's chemical recipe

Feb. 20, 2013 ? By studying the origins of different isotope ratios among the elements that make up today's smorgasbord of planets, moons, comets, asteroids, and interplanetary ice and dust, Mark Thiemens and his colleagues hope to learn how our solar system evolved. Thiemens, Dean of the Division of Physical Sciences at the University of California, San Diego, has worked on this problem for over three decades.

In recent years his team has found the Chemical Dynamics Beamline of the Advanced Light Source (ALS) at the U.S. Department of Energy's Lawrence Berkeley National Laboratory (Berkeley Lab) to be an invaluable tool for examining how photochemistry determines the basic ingredients in the solar system recipe.

"Mark and his colleagues Subrata Chakraborty and Teresa Jackson wanted to know if photochemistry could explain some of the differences in isotope ratios between Earth and what's found in meteorites and interplanetary dust particles," says Musahid (Musa) Ahmed of Berkeley Lab's Chemical Sciences Division, a scientist at the Chemical Dynamics Beamline who works with the UC San Diego team. "They needed a source of ultraviolet light powerful enough to dissociate gas molecules like carbon monoxide, hydrogen sulfide, and nitrogen. That's us: our beamline basically provides information about gas-phase photodynamics."

Beamline 9.0.2, the Chemical Dynamics Beamline, generates intense beams of VUV -- vacuum ultraviolet light in the 40 to 165-nanometer wavelength range (a nanometer is a billionth of a meter)- which can be precisely tuned to mimic radiation from the protosun when the solar system was forming.

Oxygen and sulfur are the third and tenth most abundant elements in the solar system and two of the most important for life. Their isotopic differences from Earth's are clearly seen in many different kinds of meteorites. Thiemens's team first used beamline 9.0.2 in 2008 to test a theory, called "self-shielding," about why oxygen-16 is less prevalent in these relics of the primitive solar system than it is in the sun, which contains 99.8 percent of all the mass in the solar system. To their surprise, the experimental results showed that self-shielding could not resolve the oxygen-isotope puzzle.

More recently Thiemens's group used beamline 9.0.2 to perform the first VUV experiments on sulfur, using the results to build a model of chemical evolution in the primitive solar nebula that could yield the isotopic ratios of sulfur seen in meteorites. They report their findings in Proceedings of the National Academy of Sciences.

Mass versus chemistry

Oxygen is the most abundant element on Earth, present in air, water, and rocks; 99.762 percent of it is the isotope oxygen-16, with eight protons and eight neutrons. Oxygen-18 has two additional neutrons and accounts for another two-tenths of a percent; oxygen-17, with one extra neutron, provides the last smidgen, less than four-hundredths of a percent.

Sulfur, with four stable isotopes, is less abundant but essential to life. Sulfur-32 accounts for 95.02 percent, sulfur?34 4.21 percent, sulfur-33 0.75 percent, and sulfur-36's mere 0.02 percent brings up the rear.

Ahmed explains the two basic kinds of processes that account for these ratios. "One depends on the mass of the isotopes themselves," he says. "Oxygen-18 is two neutrons heavier than oxygen-16. One effect of this, although not the only one, is that when the temperature rises, oxygen-16 evaporates faster. And when the temperature falls, oxygen-18 condenses faster."

Changes in temperature and other physical factors can thus produce different isotope ratios -- that's why there's a greater proportion of oxygen-18 in raindrops than in the clouds they fall from, for example.

Isotope-ratio researchers commonly graph these processes by plotting samples with increasing proportions of oxygen-18 relative to oxygen-16 along the Y axis; the X axis shows increasing proportions of oxygen-17 to oxygen-16. When comparing these three isotopes in almost any sample from Earth to an arbitrary standard called SMOW (standard mean ocean water), the proportions of the three always diverge at a rate that can be plotted along a line with a distinctive slope: about one-half.

Samples whose isotope ratios don't fall on the slope-one-half line didn't result from mass-dependent processes. In 1973 the ratios of oxygen isotopes in carbonaceous meteorites, the oldest objects in the solar system, were found to vary significantly from those on Earth. Their graph line had a slope close to one. A decade later Thiemens and John Heidenreich found that ozone, the three-atom molecule of oxygen, showed a similar isotope trend, with a similar slope of one -- a relationship that was at least partly due to the molecule's chemical formation.

Sulfur isotope ratios are plotted in a similar way; the standard is an iron sulfide mineral called Diablo Canyon Troilite -- not native to Earth, however, but found in a fragment of the meteorite that created Arizona's Meteor Crater.

"Mass-independent processes suggest chemical reactions, whether in the lab, the stratosphere, or the early solar system," says Ahmed. "In the proto-solar system, bathed in intense ultraviolet light, these might have occurred on a grain of rock or ice or dust, or in just plain gas. The goal is to identify distinctive isotopic fractionations and examine the chemical pathways that could have produced them."

In the beginning

Since Thiemens's early work with ozone 30 years ago, his UC San Diego laboratory has perfected methods of recovering primordial samples from dust, meteorites, and the solar wind. Thiemens and Chakraborty were members of the science team for NASA's Genesis mission, and Chakraborty was able to extract mere billionths of a gram of oxygen from particles of the solar wind even after the spacecraft's collectors were badly damaged when they crashed upon return to Earth.

Like oxygen, sulfur isotopes show up in different fractions in different solar system sources. Tracing their possible origins, the recent study of sulfur isotopes at beamline 9.0.2 began by flowing hydrogen sulfide gas -- the most abundant sulfur-bearing gas in the early solar system -- into a pressurized reaction chamber, where the synchrotron beam decomposed the gas and deposited elemental sulfur on "jackets" made of ultraclean aluminum foil.

The experiment was performed at four different VUV wavelengths, and the carefully stored aluminum jackets were taken to the Thiemens lab in San Diego, where Chakraborty and Jackson chemically extracted the sulfur and then measured its isotopes using Isotope Ratio Mass Spectrometry. In all samples the isotope compositions were found to be mass independent.

One source of fractionation in nature was photodissociation of hydrogen sulfide as the gas condensed to iron sulfide in the inner solar system, driven by intense 121.6-nanometer-wavelength ultraviolet light as the young star repeatedly shook with violent flares and upheavals. Different classes of meteorites -- and different parts of the same meteorites, such as their crust or various inclusions -- subsequently evolved different isotope ratios, depending on where and when in the solar system they formed. Sulfur compositions evolved independently from the way oxygen isotope compositions evolved.

The most recent target of research by the Thiemens group at beamline 9.0.2 is nitrogen, the seventh most abundant element in the solar system. On Earth, 99.63 of nitrogen is nitrogen-14, and nitrogen-15 is the remaining 0.37 percent. Measurements of the solar wind, carbonaceous meteorites, and other sources show wide swings in their proportions. The work is ongoing.

Says Musa Ahmed, "Tracking down how isotopic ratios may have evolved, we basically send these elements back in time. The more we learn about the fundamental elements of the solar system at the Chemical Dynamics Beamline, the more it's like really being out there when the solar system began."

This work was funded by NASA's Origins and Cosmochemistry programs. The Advanced Light Source is supported by DOE's Office of Science.

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The above story is reprinted from materials provided by DOE/Lawrence Berkeley National Laboratory.

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


Journal References:

  1. S. Chakraborty, T. L. Jackson, M. Ahmed, M. H. Thiemens. Sulfur isotopic fractionation in vacuum UV photodissociation of hydrogen sulfide and its potential relevance to meteorite analysis. Proceedings of the National Academy of Sciences, 2013; DOI: 10.1073/pnas.1213150110
  2. Mark H. Thiemens, Subrata Chakraborty, Gerardo Dominguez. The Physical Chemistry of Mass-Independent Isotope Effects and Their Observation in Nature. Annual Review of Physical Chemistry, 2012; 63 (1): 155 DOI: 10.1146/annurev-physchem-032511-143657

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/~3/9BweR_uzqW4/130220123423.htm

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Burger King Twitter Hacked: Now With 99% Bath Salts!

Source: http://www.thehollywoodgossip.com/2013/02/burger-king-twitter-hacked-now-with-99-percent-bath-salts/

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Oxford Uni blocks Google Docs, points finger at Google over phishing fail

Oxford
Oxford University suspended Google Docs for two and a half hours on Monday.

After being bombarded by phishing attacks,?Oxford University decided to block Google Docs for 2.5 hours on Monday, and has said Google should share some the blame for the outage.

According to?Robin Stevens from Oxford University's network security team, the university took the decision after seeing a wave of phishing attacks aimed at getting logins and passwords for university systems, including email accounts, to send out spam. In order to get access to the accounts, the phishers used forms in Google Docs to get unsuspecting users to give up their details.

While the university had been reporting the forms to Google when they saw them, students were still falling victim to the phishing attacks ??leaving it no option but to block Docs outright.

"Almost all the recent attacks have used Google Docs URLs, and in some cases the phishing emails have been sent from an already-compromised university account to large numbers of other Oxford users. Seeing multiple such incidents the other afternoon tipped things over the edge.?We considered these to be exceptional circumstances and felt that the impact on legitimate university business by temporarily suspending access to Google Docs was outweighed by the risks to university business by not taking such action," Stevens?wrote in a lengthy explanation on the OxCERT blog.

"It is fair to say that the impact on legitimate business was greater than anticipated, in part owing to the tight integration of Google Docs into other Google services," he added.

"While this wouldn't be effective for users on other networks, in the middle of the working day a substantial proportion of users would be on our network and actively reading email. A temporary block would get users' attention and, we hoped, serve to moderate the 'chain reaction'" of compromised accounts being used to compromise further accounts.

Despite what appears to be have been a severe impact on the business, Stevens warned it cannot rule out future blocks, albeit with a higher threshold.?Oxford University is also looking at other technical measures that have less impact on legitimate network usage and is reviewing its emergency communications procedures.

OxCERT also puts some of the blame for the disruption on Google's "persistent failures to put a halt to criminal abuse of their systems in a timely manner".

"Google may not themselves be being evil, but their inaction is making it easier for others to conduct evil activities using Google-provided services," Stevens wrote. ?

"If OxCERT are alerted to criminal abuse of a university website, we would certainly aim to have it taken down within two working hours, if not substantially quicker. Even out of official hours there is a good chance of action being taken. We have to ask why Google, with the far greater resources available to them, cannot respond better," he added.

ZDNet has asked Google for comment on the matter, and will update the story if we receive any.?

Source: http://www.zdnet.com/oxford-uni-blocks-google-docs-points-finger-at-google-over-phishing-fail-7000011474/

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Quick Brown Fox: Writing Your Life & Other True Stories workshop ...


Writing your life & other true stories
Saturday, June 1, 2013
10 a.m. ? 4 p.m.

Newmarket Community Centre & Lion?s Hall

200 Doug Duncan Drive, Newmarket, Ontario (Map here.)Have you ever considered writing your memoirs or family history??This workshop will introduce you to the tricks and conventions of telling true stories and will show you how to use the techniques of the novel to recount actual events. Whether you want to write for your family or for a wider public, don't miss this workshop.

Workshop leader?

Brian Henry?has been a book editor and creative writing instructor for more than 25 years. He has helped many of his students get published, including our guest speaker, Dr. Ross Pennie... Ross Pennie?is the author of?The Unforgiving Tides, a doctor?s memoir of Papua New Guinea?(Manor House Publishing). Ross also writes medical mystery novels, published by ECW Press. The first of these,?Tainted,?came out in 2010?and won Arts Hamilton Literary Award for Fiction.? Ross?s second mystery,?Tampered, came out in 2011, and his third is due out this year.?Dr. Pennie will speak on how to turn ordinary life into dramatic material and will answer questions about how he wrote his memoir and got it published.Fee:?$38.94 + 13% hst =?$44?paid in advance by mail or Interac
or $342.48 + 13% hst =?
$48?if you wait to pay at the door. See Brian Henry's schedule?here,?including writing workshops and creative writing courses in Kingston, Peterborough, Toronto, Mississauga, Brampton, Georgetown, Milton, Oakville, Burlington, St. Catharines, Hamilton, Dundas, Kitchener, Guelph, London, Woodstock, Orangeville, Newmarket, Barrie, Orillia, Gravenhurst,?Gravenhurst, Sudbury, Muskoka, Peel, Halton, the GTA, Ontario and beyond.

Source: http://quick-brown-fox-canada.blogspot.com/2013/02/writing-your-life-other-true-stories.html

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মঙ্গলবার, ১৯ ফেব্রুয়ারী, ২০১৩

Legislation Governing Lifetime Gift & Estate Tax Exclusions has ...

Although The Tax Relief Act of 2012 provides permanent lifetime gift and estate exclusions of $5.25 million, legislation governing exclusions has changed seven times in the last ten years. Consequently, persons with sizeable estates who did not take advantage of their entire exclusion prior to December 31, 2012 should sit down with their professional advisors in 2013.

Below are a few estate planning tools and strategies presently being recommended by estate planners, accountants, and financial planners.

1.?Incorporating a protection provision in your trust documents which facilitates amendments to comply with any type of new legislation in the future.

2.?Lock in the ?Dynasty? planning options in your trust documents that enable wealth to be insulated from taxes and other hazards over multiple generations.? Non-tax issues like divorce, substance abuse, litigation, medical disasters, and business failure destroy as much wealth as taxes.

3.?Be aware and prepared should legislators adopt devices to increase taxes in order to avoid bankruptcy of the U.S. such as:

  • Phasing out more exemptions;
  • Implementing means testing for retirement plan withdrawals;
  • Placing caps on deductions such as charitable giving;
  • Limiting the duration of grantor retained annuity trusts;
  • Limiting the number of years a trust can skip generations without transfer taxes;
  • Implementing carry-forward cost basis at death enabling the IRS to collect more? capital gains taxes;
  • Eliminating grantor status for trusts resulting in taxes at the higher trust rate;
  • Including ?grantor trusts? in the taxable estate which would make many life insurance trusts taxable; and
  • Eliminating installment payments of estate taxes.?

4.?Make sure you confer with all of your professional advisors before amending your estate planning documents.? Too many so-called estate plans leave gaps in the protection because there is little or no connection between the business and property structures and the estate structures, or because the accounting, legal, investment and insurance advisers are each doing their own thing without coordinating with each other.? Effective planning is a team event that covers the whole field for the entire game.? One star player making one good shot may look good for the moment, but it won?t win the game.? Don?t ever forget that you are the quarterback regardless of your level of knowledge.? Keep your advisors in the game.

Gary Ringel, CGREA

Source: http://www.hhcpa.com/blogs/business-valuation-litigation-blog/legislation-governing-lifetime-gift-estate-tax-exclusions-has-changed-seven-times-in-last-ten-years/

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Wall Street in low gear with consumers in focus

Stocks could stay in low gear in the week ahead, as traders look for clarity on the Federal Reserve's policy, the housing recovery and most especially ? the consumer.

Home builder sentiment Tuesday, housing starts Wednesday, and existing-home sales Thursday could provide a good look at how the housing market is faring. The Fed also releases minutes of its last meeting on Wednesday and there is much interest in what officials might say about ending extraordinary easing policies earlier than expected.

At the December meeting, several Fed members said they wanted to stop quantitative easing by the end of this year. The Fed is currently buying $85 billion in Treasurys and mortgage-backed securities monthly, under the program. But since the December meeting minutes were released in January, Treasury rates have risen and the 10-year note yield has moved to a higher range around 2 percent.

"I can't imagine that conversation got any less pertinent since December, given the fact we avoided the 'fiscal cliff' and the economic numbers got better," said Deutsche Bank chief U.S. economist Joseph LaVorgna. The makeup of the Fed changed in January, with new voting members, but it is still not expected to take on a more hawkish tone.

Of big interest will be Wal-Mart's earnings Thursday, after Bloomberg news service Friday quoted an email from a mid-level executive saying Wal-Mart's February sales were a "total disaster," the weakest start to a month he'd seen in his seven years with the company. Wal-Mart, in response, said like any organization, it sees internal communications that are not entirely accurate or in context. The report drove Wal-Mart and other retail stocks lower Friday.

Read More: Leaked Wal-Mart email drags retailers

"You're looking at a very important company in a very important space, but it doesn't always meant that as one company goes so goes everyone else and so goes retail sales," said LaVorgna.

Economists have been concerned that the 2-percent increase in payroll taxes would hold back consumers, as gasoline prices are also rising.There is also worry that the delay in tax refunds this year could also dampen consumer spending.

"Wal-Mart bears watching for hints that there was a slowdown. I would be hesitant to say the consumer is done. The consumer is very resilient. Vehicle sales have been good ... it looks anecdotally that vehicle sales numbers look to be okay through February," LaVorgna said, adding that data show consumer sentiment is recovering.

"I certainly think we have to wait until Wal-Mart actually lets us know what the numbers look like," said Art Hogan of Lazard Capital Markets. "I don't think it takes very many bricks to build a bridge to lower consumer sales on the low end and lower consumer sales in general." He said the snowstorm which slammed New England earlier during the month could also have impacted sales since it paralyzed travel for several days.

"Next week, we get a lot of housing data, so the economic-data calendar is richer. We probably start hearing more about whose plans for the sequester are going to work," he said. The sequester is the $85 billion series of automatic spending cuts that kick in on March 1 if Congress does not act.

Europe will also be a factor as investors watch the run-up to the Italian election next weekend. European Central Bank President Mario Draghi also speaks at the European Parliament Economic and Monetary Affairs Committee Monday, when U.S. markets are closed for the President's Day holiday.

As for Italy, the election there is becoming an increasing concern for markets as former Prime Minister Silvio Berlusconi appears to have gained ground. "What's happening at the short end is Italian bonds have been underperforming Spanish bonds. There's a black out period for the polls," said Marc Chandler, head of foreign exchange strategy at Brown Brothers. "Partly, they're flying in the dark, and the problem is he's in favor of tax cuts."

Slow motion
The S&P 500 gained for a seventh week, but the advance was just 0.1 percent to 1519, and the Dow was down less than 0.1 percent at13,981. The Nasdaq was also lower by less than 0.1 percent, to 3192. But the small-cap Russell 2000 moved in a much bigger way and scored repeated new highs in the past week. It ended the week up 1 percent at 923.

"I think the tendency at the moment is to trade sideways to perhaps biased downward. I think to change that directionally, it's going to need something more macro," said Mark Luschini, chief investment strategist at Janney Montgomery. He said the market could be helped by some positive development on the "sequester" spending cuts, but analysts have been lowering the odds on any serious action by Congress.

The past week was marked by a sudden surge in takeover activity, including the planned $24 billion acquisition of Heinz by Warren Buffett's Berkshire Hathaway and 3G Captial Management. US Air and American Airways also announced their long awaited merger, and Comcast in a surprise move, said it would buy the rest of NBC Universal from General Electric sooner than expected for $16.7 billion. NBC is the parent of CNBC.

Stocks involved in the deals moved on the news, as did some stocks in related sectors, like food, but the broader market did not budge.

"I think it's a little bit of a negative that the market is not a little more excited about it," said Laszlo Birinyi, president of Birinyi Associates. "Part of it is companies have so much cash and they're not getting paid to do anything with it."

Birinyi said he sees a chance that the S&P hits 1600 this year, and he remains bullish. "I'd feel better if the market did react a little more aggressively. On the other hand, I'm very pleased with how this market is holding in."

He said the rash of activism in the market is also apositive. "Anytime there's a disturbance that can bring focus to bear on an issue, I think it helps," he said. He said the activity is positive, even if he disagrees with the objections.

Dell's going private deal faces objections from shareholders over price, and Apple too is facing a test. Hedge-fund manager David Einhorn is suing Apple, seeking to block its shareholder vote on a proposal to eliminate the ability to issue preferred stock without investor approval. A hearing in the case is set for Tuesday in Manhattan.

Not So Glittery
Gold took a pounding in the past week, losing 3.4 percent to $1,609.50 per ounce.

"In a way, the same thing is happening with the great rotation," said Chandler, noting investors are taking cash and putting it to work in the equities market. "What they're reducing is cash and some of them think gold is a form of cash and there's money coming from gold, going into the stock market."

What to Watch:

Monday
President's Day holiday

Tuesday
1000 a.m. NAHB survey

Wednesday
0830 a.m. Housing starts
0830 a.m. Producer prices
2:00 p.m. FOMC minutes

Thursday
0830 a.m. Jobless claims
0830 a.m. Consumer Prices
1000 a.m. Existing home sales

Source: http://www.nbcnews.com/business/stocks-expected-idle-investors-eye-us-consumer-1C8415554

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