Wednesday, December 7, 2011

Sarkozy says eurobonds not a solution to crisis (AP)

PARIS ? French President Nicolas Sarkozy says a jointly issued bond by all the countries that use the euro is not the solution to the continent's debt crisis.

Many analysts have said that only by issuing bonds backed by the whole eurozone will Europe be able to save its shared currency.

Stronger countries, like Germany and France, have resisted those calls, but some thought that as the crisis worsens they might be forced to relent. Sarkozy reiterated Monday, however, that a common bond was "in no way" the solution to the crisis.

He spoke after a meeting with German Chancellor Angela Merkel at the start of a crucial week for the eurozone. Markets cheered their comments, with the euro and stocks and bond yields edging lower.

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

PARIS (AP) ? The leaders of Germany and France are calling for a new European Union treaty to ensure that the region's debt crisis never happens again.

French President Nicolas Sarkozy said Monday after a meeting with German Chancellor Angela Merkel that they would prefer a treaty agreed by all 27 members of the European Union but would also accept a treaty among just the 17 countries that use the euro.

The new treaty should include automatic sanctions for countries that violate rules meant to keep government deficits in check.

The meeting comes at the start of a crucial week for the eurozone, as it struggles to convince markets that it is able to solve its debt crisis.

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/ap/20111205/ap_on_bi_ge/eu_europe_financial_crisis

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Tuesday, December 6, 2011

Notable Call Options Activity in O'Reilly Automotive | Benzinga

Shares of O'Reilly Automotive (NASDAQ: ORLY) are higher on the session by 3.51%, currently trading at $79.73. The stock has been moving largely higher over the past three months is currently trading above the 50-day moving average.

Options traders are focusing on calls today. The strike seeing the heaviest volume is the January 2012 $85.00 call, which has traded 350 times on open interest of 2 contracts. Small lots are very active on the name today.

Calls are outpacing puts today by 2 to 1.

O'Reilly Automotive, Inc. and its subsidiaries are specialty retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, selling its products to both do-it-yourself customers and professional service providers.

(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.

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Source: http://www.benzinga.com/markets/options/11/12/2177088/notable-call-options-activity-in-oreilly-automotive

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Merlin Season 1 on DVD Is Your How-Much-Freaking-Longer-Can-He-Keep-This-Secret Deal of the Day [Dealzmodo]

We all know the story of Merlin. The wizard who came of age in Camelot under Uther Pendragon, and would later become a trusted friend of King Arthur, Merlin may or may not have been the Antichrist, with the ability to shapeshift and/or see the future. And then Snape killed him. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/WVNmIVH4Oso/merlin-season-1-on-dvd-is-your-how+much+freaking+longer+can+he+keep+this+secret-deal-of-the-day

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Monday, December 5, 2011

Rudolf Montiel, Ousted LA Housing Chief, Received $1.2 Million Severance Package (VIDEO)

LOS ANGELES -- Records show Rudolf Montiel received nearly $1.2 million when he was dismissed as head of the Los Angeles Housing Authority last spring.

City Controller Wendy Greuel, who has been auditing the agency's travel expenses, released documents Friday outlining public funds used for limousine rides and meals at pricey downtown restaurants.

Montiel was unavailable for comment. His lawyer, Michael Posner, defended the settlement, saying Montiel's contract entitled him to 18 months' pay if dismissed.

Mitchell Kamin, the new president of the housing authority's board, tells the Times the deal was in the agency's best interest and would be paid for largely by insurance.

Watch CBS2's video report from March 2011, when Montiel's dismissal was first announced. '; var coords = [-5, -72]; // display fb-bubble FloatingPrompt.embed(this, html, undefined, 'top', {fp_intersects:1, timeout_remove:2000,ignore_arrow: true, width:236, add_xy:coords, class_name: 'clear-overlay'}); });

Source: http://www.huffingtonpost.com/2011/12/04/rudolf-montiel-ousted-la_n_1128455.html

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Japanese Mobile Social Gaming Startup Gumi Raises $26 Million

Mobile social gaming is big in Japan. Very big. Mobile gaming publisher Gumi, which has been growing very rapidly lately, raised $26 million last week in a series F round from Jafco, Shinsei Bank, and DBJ Capital. It previously raised a total of $7 million. I visited Gumi's offices and spoke with founder Hironao Kunimitsu, who says he expects to use the new capital to roll up other Japanese mobile gaming developers and expand to the Korea, Singapore, and the U.S. (see video). Gumi has 140 employees. Its growth started taking off this year. The company expects to sell more than $50 million worth of virtual in-game coins this year

Source: http://feedproxy.google.com/~r/Techcrunch/~3/q68jXjSHyV0/

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Sunday, December 4, 2011

Indian Film Star Dev Anand Dies In London At 88

NEW DELHI ? Bollywood star Dev Anand, a charismatic and flamboyant Indian film fixture for more than a half-century, has died of a heart attack in London, his family said Sunday. He was 88.

Famed for his roles in dozens of movies, including "Jewel Thief" and "Guide," the veteran actor, director and producer was working up to the last minute, with a new script in the works.

Anand lived and died on "his own terms," his nephew and renowned film director Shekhar Kapur said in a posting on Twitter. "He was working one minute. Sat down and smiled. And was gone the next. So much to learn."

Anand died of a heart attack Saturday night in a hotel in London, where he had gone recently for a medical checkup, the family said.

India's prime minister joined Indian film stars and officials in lauding Anand's achievements and expressing sorrow for his death.

"Dev Anand was a great artist who entertained generations of cinema lovers over five decades," Prime Minister Manmohan Singh said in a statement. "He was an embodiment of long passion for acting and filmmaking. I join millions of his fans in mourning his death."

Born on Sept. 26, 1923, as the son of a Punjab lawyer, Anand studied English literature and law, eventually moving in his early 20s to India's film capital of Mumbai, then called Bombay, where he pursued a love of acting.

Known for his good looks, melodious voice and success in romantic leads, Anand was considered a superstar within just a few years of his 1946 screen debut in the Hindi-language film "Hum Ek Hain."

Others in his family followed, with his brothers Chetan and Vijay also winning praise as film producers, screenwriters and directors.

Dev Anand also began producing in 1949, and made his directorial debut in 1971 with the popular hippie cult film "Hare Rama Hare Krishna."

Never giving up the career, Anand released his latest film, "Chargesheet," just a few months ago and was reportedly working on another script when he died.

On his birthday in September, the upbeat actor told the Press Trust of India that he still had more to offer.

"My life is the same, and I am at a beautiful stage at 88," he reportedly said in the interview. "I am as excited as I was in my 20s. I have so many things to do," including a sequel to his 1971 film that he had titled "Hare Rama Hare Krishna Aaj."

Anand was given several prizes during his career, including lifetime achievement awards by Filmfare in 1993 and Screen Videocon in 1996. His 2007 memoirs, titled "Romancing With Life," underlined his belief in making films that were socially relevant.

Also known for social work, Anand dabbled in politics in the 1970s, launching a short-lived political party and leading other film stars in opposing then-Prime Minister Indira Gandhi's "Emergency" regime, which gave her the power to rule by decree.

"With his death, an era has come to an end. For a career spanning more than five decades, Dev Anand gave us films which will stay entrenched in our minds for years on," Information and Broadcasting Minister Ambika Soni said in a statement carried by Press Trust of India. "He was truly a multifaceted performer as an actor, director and producer."

Bollywood superstar Amitabh Bachchan said in a posting on Twitter that Anand's death "leaves a void never perhaps to be filled again."

Prize-winning British-Indian novelist Salman Rushdie lamented in a post: "I grew up watching your films. Sorry to say goodbye."

Anand's family plans to cremate his body in London on Tuesday or Wednesday.

'; var coords = [-5, -72]; // display fb-bubble FloatingPrompt.embed(this, html, undefined, 'top', {fp_intersects:1, timeout_remove:2000,ignore_arrow: true, width:236, add_xy:coords, class_name: 'clear-overlay'}); });

Source: http://www.huffingtonpost.com/2011/12/04/indian-film-star-dev-anan_0_n_1128176.html

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UN official to AP: pledges to cut CO2 will go on (AP)

DURBAN, South Africa ? The top U.N. climate official said Saturday she is confident industrial countries will renew their pledges to cut greenhouse gas emissions after their current commitments expire next year.

Further commitments under the 1997 Kyoto Protocol, an unshakable demand by poor countries, would avert a feared derailment of U.N. negotiations, but would mark little advancement toward the goal of a rapid and steep drop in worldwide carbon emissions blamed for climate change.

The protocol's future has been in doubt because rich countries have conditioned its continuation on an agreement by nations such as China, India, Brazil and South Africa to also accept binding emissions targets for themselves in the future.

"Countries are here these two weeks exactly talking about how they are going to go into a second commitment period of the Kyoto Protocol," U.N. official Christiana Figueres told The Associated Press.

"The discussion this week is not about the 'if,' it's about the 'how.' That doesn't mean that we are out of the thick of it," she said. Delegates are discussing participation, the legal form of the rules and all of the conditions that will define the second commitment period, she said.

Figueres, who is executive secretary of the U.N. Framework Convention on Climate Change, spoke to AP to mark the halfway point of the two-week meeting in South Africa's eastern city of Durban.

Conference chairmen were also compiling the first draft of an agreement that will be given to government ministers arriving next week for the final four days of talks. Among them are 12 heads of state or government and ministers from more than 130 nations.

Outside the conference hall, several thousand activists, South African village women, and trade union members paraded through this port city for a march billed as a "global day of protest."

"It's all about our future. It's calling for a sustainable future. We've got to act and we've actually got to act urgently, so that we put this planet back onto a sustainable path," said Bishop Jeff Davies, Southern African Faith Communities Environment Institute. "At the moment, we are destroying our very life support systems."

Figueres said that talks were in "good shape" in preparation for the more senior delegates.

One reason for an uptick in optimism may be a signal from China that it will in the future set absolute caps on its emissions, perhaps as early as 2020. Until now, China has spoken of emissions controls purely in terms of energy intensity, or the amount of energy it uses per unit of economic production.

The signal from Beijing came from Xu Huaqing, a senior researcher for China's Energy Research Institute, who was quoted Friday in the semiofficial China Daily. His remarks were confirmed privately by one of China's top climate negotiators, Su Wei, on the sidelines of the talks in South Africa.

China is the world's largest emitter of heat-trapping greenhouse gas and a main foil of industrial countries in the U.N. negotiations. Virtually every statement, even semiofficial comments, is parsed by delegates seeking departures from its public positions.

"It's part and parcel of a growing realization that all countries can contribute to the solution, that every one of them has to do it, of course, according to their respective capabilities," Figures said.

The 27 members of the European Union provide the bulk of those countries falling under Kyoto's targets. In return for signing up to another round of pledges, the EU wants all major polluters to agree to a legally binding regime for everyone to be negotiated by 2015.

The United States refused to join the Kyoto regime, which it said unfairly exempted major developing countries from any emissions constraints.

Source: http://us.rd.yahoo.com/dailynews/rss/environment/*http%3A//news.yahoo.com/s/ap/20111203/ap_on_sc/af_climate_conference

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Saturday, December 3, 2011

UK media inquiry a lesson in tabloid skullduggery (AP)

LONDON ? Hacking into celebrity phones was just the tip of the iceberg.

Britain's media ethics inquiry, set up in response to illegal eavesdropping by a Rupert Murdoch-owned tabloid, has turned out to be a masterclass in skullduggery that has exposed the murky practices of the U.K.'s muckraking press.

This week, witnesses described how Murdoch's company had wreaked havoc on their lives and those of their families, with reporters targeting critics for spying and negative coverage and sullying the name of an innocent man.

"We have a press that has just become frankly putrid in many of its elements," Alastair Campbell, former tabloid journalist and longtime communications aide to former Prime Minister Tony Blair, told the tribunal this week.

Few would disagree after listening to the nationally televised testimony describing the excesses of a callous and sometimes criminal press.

The judge-led inquiry was set up after it emerged that Murdoch's News of the World had for years illegally eavesdropped on the voicemail messages of celebrities, public figures and crime victims. The scandal forced Murdoch to shut down the 168-year-old tabloid. A dozen Murdoch employees have been arrested in the case, which also cost the jobs of several of his top executives, two senior police officers and Prime Minister David Cameron's communications chief.

The inquiry has put Murdoch's empire on trial, as witnesses described their treatment at the hands of an organization they viewed as unassailably powerful, ruthless and feared.

Former child singing sensation Charlotte Church described how she was invited to perform at Murdoch's wedding on a yacht in New York when she was 13. She said she was offered a 100,000 pound (roughly $160,000) payment, but was told if she waived the fee that Murdoch's papers would look favorably on her.

Church, now 25, told the inquiry that she really wanted to take the money, but was told by her managers it would be worthwhile to give up the fee ? which would have been her highest payment ever then ? to cultivate Murdoch's support.

She said she was told "that he was a very, very powerful man" who could do her career a world of good ? if he wanted to.

But any tabloid goodwill she earned was short-lived. Church said media scrutiny increased to unbearable levels as she entered her teens. As she approached her 16th birthday, she said Murdoch's The Sun tabloid featured on its website a "countdown clock" timed to the day when she would be able to legally have sex ? an allegation the newspaper denies.

Later, a tabloid reported that Church was pregnant before she had even told her parents, news she felt had to come either from surveillance or phone hacking. On another occasion the News of the World reported on her father's extramarital affair under the headline "Church's three in a bed cocaine shock." Church said her mother had attempted suicide partly as a result of this invasion of privacy.

Murdoch's News International has denied Church's version of events surrounding her performance at Murdoch's wedding, and her agent at the time, Jonathan Shalit, said she was not offered a choice between a fee and good press.

He said Church was not offered a fee and performed for free, as she had done for Prince Charles and President Bill Clinton. But he said publicity from these appearances helped launch her career in the United States, which was his plan.

"When you sing for these people you get added benefits for your career," he said.

Church was one of a slew of celebrities, including actor Hugh Grant, "Harry Potter" author J.K. Rowling and actress Sienna Miller, who have sat in the witness box at London's Royal Courts of Justice and described stakeouts and snatched photos, leaked medical details and midnight pursuits ? all justified, in the tabloids' eyes, because the people they were pursuing were famous.

Ian Hargreaves, professor of digital economy and former director of the journalism school at the University of Cardiff, said the hearings have had a profound impact on the public psyche ? and on Britain's political class ? by revealing so much about how part of the press works.

"It's been a process of revelation, based on firsthand testimony," he said. "A lot of journalists feel it has been one-sided, but processes that have been known about and talked about in private are suddenly being talked about on a big public stage."

Hearings continue into the new year, and justice Brian Leveson and his panel hope to issue a report by late 2012 that could recommend major changes to Britain's system of media self-regulation.

So far, the most strident defense of tabloids ? and the week's most jaw-dropping testimony ? came from unrepentant former News of the World journalist Paul McMullan. He described chasing celebrities' cars as "good fun," called phone hacking "a perfectly acceptable tool" of the trade and dismissed privacy as "the space bad people need to do bad things in."

He also said celebrities should stop complaining and be grateful for the attention of paparazzi.

The inquiry has also shown that it's not just celebrities who find themselves in the tabloids' sights. The parents of 13-year-old Milly Dowler, who was abducted and murdered in 2002, described how the News of the World's hacking of Milly's phone, and the deletion of voicemail messages, had given them false hope that their daughter was still alive.

This week Christopher Jefferies, a retired teacher arrested on suspicion of murder in a high-profile case a year ago, described how his life had been wrecked by "smears, innuendo and complete fiction" in articles that painted him as a voyeuristic eccentric, or worse.

Jefferies was released without charge, and another man has been convicted of the killing. Jefferies successfully sued eight newspapers ? including Murdoch's The Sun tabloid ? for libel, but said he would "never fully recover from the events of the last year."

"There will always be people who don't know me who will retain the impression that I'm some sort of weird character who is probably best avoided," he said.

The inquiry has also heard claims the Murdoch empire used negative articles and even espionage against its critics. Former TV host Anne Diamond recounted how she had asked Murdoch during a 1980s interview "how could he sleep at night" knowing his newspapers ruined people's lives.

She said after that "there were consistent negative stories about me in Mr. Murdoch's newspapers."

One glaring example was a story in The Sun headlined "Anne Diamond killed my father," about a fatal road accident she had been involved in years before. The same newspaper took pictures of Diamond carrying the coffin of her infant son at his funeral, despite her plea for the press to stay away out of respect for the family's grief.

Mark Lewis, a lawyer who has represented high-profile hacking victims, testified that he was put under surveillance by a private investigator working for Murdoch's News International. The surveillance, apparently in search of material to discredit him, included following and filming his 14-year-old daughter.

"That was truly horrific, that my daughter was videoed, was followed by a detective with a camera," Lewis said. "That shouldn't happen to anybody's child."

___

Associated Press writers Gregory Katz and Robert Barr contributed to this report.

Online: http://www.levesoninquiry.org.uk

Jill Lawless can be reached at: http://twitter.com/JillLawless

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111202/ap_on_en_mu/eu_britain_phone_hacking

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Friday, December 2, 2011

H&R Block 2Q loss widens; RSM McGladrey sale done (AP)

NEW YORK ? H&R Block Inc. on Thursday said its fiscal second-quarter loss widened by 30 percent including charges for closing its ExpressTax business and other items.

The nation's largest tax preparer reported a loss of $141.7 million, or 47 cents per share for the three months ended Oct. 31. That compared with 36 cents per share a year earlier.

Excluding the ExpressTax charges and losses from discontinued operations, H&R Block said it lost 38 cents per share.

Analysts expected an adjusted loss of 35 cents per share, on average, according to data provided by FactSet.

Kansas City, Mo.-based Block earlier announced it was selling its RSM McGladrey consulting unit and said the sale closed Wednesday.

The earnings shortfall reflects the shift of RSM revenue to discontinued operations, but Block typically posts a second-quarter loss because most of its revenue comes during the U.S. tax season.

Growth in its Australian tax business helped the quarter's revenue rise 8 percent to $129.2 million, from $119.6 million last year.

Analysts were expecting revenue of $328.9 million for the quarter, but that included revenue from the company's RSM McGladrey business consulting unit.

Block moved its accounting for RSM to discontinued operations after the sale closed. Last year, RSM McGladrey took in revenue of $203.4 million in the fiscal second quarter.

Block's discontinued subprime mortgage unit, formerly called OptionOne but renamed Sand Canyon Corp., set aside $20 million to cover claims from investors who purchased securities backed by mortgages that have since failed.

The number of claims received during the second quarter spiked to $483 million from $21 million a year ago. Sand Canyon reviewed $61 million in claims during the quarter, resulting in incurred losses of $3 million.

While the incurred losses remained in line with prior quarters, the company received more than three times as many claims during the second quarter as it had in the previous four combined. Block CEO Bill Cobb said the increased reserve was "prudent in light of second-quarter activity" and maintained that the unit is financially strong enough to handle all valid claims.

Wall Street has fretted over the potential for big claims payouts, however, fearing Block would have to kick in cash to support Sand Canyon if losses exceed reserves.

The issue has weighed on the stock for some time but didn't ignite concern after hours Thursday.

Block shares lost 26 cents in the late session after ending regular trading up 33 cents, or 2.1 percent, at $16.06.

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/ap/20111201/ap_on_bi_ge/us_earns_h_r_block

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Wall Street up for second day on brighter consumer outlook (Reuters)

NEW YORK (Reuters) ? The Dow and S&P 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe's fiscal mess bolstered sentiment.

However, in a sign investors are still nervous about the European debt crisis, defensive sectors such as utilities and consumer staples were among the best performers. The Nasdaq composite index also closed lower.

Helping to lift the mood on Wall Street, the Conference Board, an industry group, said its index of consumer confidence jumped to its highest level since July, handily topping economists' forecasts.

Financial shares limited the advance, with the S&P financial index (.GSPF) down 0.6 percent. Shares of Bank of America (BAC.N) dropped 3.2 percent to $5.08, its lowest closing level since March 2009.

Bank shares have been battered by worries that the impact of the euro zone crisis could spread through the global financial system and their losses highlight the fragility of any stocks rally until European Union policymakers resolve it once and for all.

"There seems to be some movement on the European front, but things certainly haven't been resolved. Financials are taking a step back, and are kind of keeping a cap on the market as a whole," said Thomas Villalta, portfolio manager for Jones Villalta Asset Management in Austin, Texas.

The Dow Jones industrial average (.DJI) was up 32.62 points, or 0.28 percent, at 11,555.63. The Standard & Poor's 500 Index (.SPX) was up 2.64 points, or 0.22 percent, at 1,195.19. The Nasdaq composite index (.IXIC) was down 11.83 points, or 0.47 percent, at 2,515.51.

In a positive sign for the euro zone, Italian bond yields fell from session highs. In the auction, Italy's government sold 7.5 billion euros of three- and 10-year bonds, close to the upper end of its target range.

Investors also eyed a meeting of European officials in hopes they will make progress in resolving the region's debt crisis.

The day's most actively traded stock on the New York Stock Exchange was AMR Corp (AMR.N), even though it was halted 28 times throughout the day. It plunged 84 percent to 26 cents a share after the company, parent of American Airlines, filed for bankruptcy protection and named a new chairman and chief executive.

After the market's close, Standard & Poor's reduced its credit ratings on several big banks in the United States and Europe, including JPMorgan Chase & Co (JPM.N) and Bank of America.

S&P said the actions were the result of a sweeping overhaul of its ratings criteria. The affected banks could see higher funding costs, a fixed income strategist said.

On Monday, U.S. stocks rebounded sharply from seven days of losses, with the S&P closing up nearly 3 percent.

Weakness in some large-cap Internet stocks weighed on the Nasdaq after strong gains in those stocks on Monday. Amazon.com (AMZN.O) dropped 3 percent to $183.39.

The confidence data followed record Black Friday sales, giving investors hope that the holiday shopping season will be a solid one for retailers.

Some 6.73 billion shares changed hands during the day on U.S. exchanges, below the daily average of 7.96 billion shares.

Decliners beat advancers on the NYSE by 15 to 14 and on the Nasdaq by about 5 to 3.

(Reporting by Caroline Valetkevitch; Editing by Kenneth Barry)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111129/bs_nm/us_markets_stocks

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Thursday, December 1, 2011

Christmas Carols

Consider, too, that Christmas carols have no obvious counterparts among the other holidays. Large group odes are not sung in anticipation of Memorial Day. Any ditties written about Halloween tend, rightly, to collect in the storm drains and the lint filters of our culture. What few songs flourish elsewhere do so in private, forgoing carols? wide exposure in favor of smaller, more selective audiences. (?Dayeinu,? the Passover song, is thought to be more than 1,000 years old, yet shoppers are unlikely to find it piping over the sound system of Forever 21 anytime soon.) Why? Partly, this unobtrusiveness may be a gesture of self-defense: The Christmas-music empire has in the past been known to undertake bold conquest missions on its own behalf, laying claim to any tune that threatens its hegemony. ?Jingle Bells? was composed as a Thanksgiving song but fell, like Carthage to the Romans, when it started to gain traction. Handel?s ?Hallelujah? chorus, which is actually about Easter, came under Yuletide jurisdiction for the same reason. It is only right that other holiday ballads should steer clear of these rolling ballistae, just as it is right for members of the populace to question the carols? high-stepping motives. Maybe we listen to Christmas carols because we want to. Or, maybe, we are simply not allowed to quaff our nog to any other kind of song.

Source: http://feeds.slate.com/click.phdo?i=cfc9f12f8deee45a16765671b74875c9

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Lavin to miss St. John's game at No. 1 Kentucky (AP)

NEW YORK ? St. John's coach Steve Lavin won't accompany his team to Thursday night's game at No. 1 Kentucky, the third straight game and fourth this season he's missed while recovering from prostate cancer surgery.

Lavin, who had surgery Oct. 6, said he is cancer-free but his stamina has not improved enough for him to coach in games. He said there is no date for him to return to the bench with the Red Storm (4-3).

He missed the season opener, but was on the bench for four games before missing last week's win over St. Francis, N.Y., and loss to Northeastern at home.

The second-year coach says he will keep working with his doctors as he follows a modified schedule.

Assistant coach Mike Dunlap will serve as head coach of the Red Storm in Lavin's absence.

Source: http://us.rd.yahoo.com/dailynews/rss/sports/*http%3A//news.yahoo.com/s/ap/20111130/ap_on_sp_co_ne/bkc_st_john_s_lavin

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Wednesday, November 30, 2011

19th victim of Gacy is identified

Cook County Sheriff Tom Dart, pictured, said William George Bundy disappeared 35 years ago, when he was 19 years old. NBC's Phil Rogers reports.

By Phil Rogers and Lisa Balde, NBCChicago.com

The Cook County Sheriff's Office has identified the remains of another of serial killer John Wayne Gacy's victims.

DNA evidence identified Victim No. 19 ? labeled as such because his was the 19th body removed from the killer's basement ? as William George "Bill" Bundy, 39, Sheriff Tom Dart said Tuesday. The body was found in the crawl space of Gacy's house on Dec. 28, 1978.

Bundy had been reported missing on Oct. 27, 1976, and his family always believed that he might have been a victim of Gacy. But the only identification tool available at the time was dental records, and Bundy's records had been destroyed by his retired dentist.

Bundy's brother, Robert, and sister, Laura, who attended the news conference Tuesday, provided comparison DNA to the sheriff's department, which sent it to the University of North Texas Center for Human Identification.

"Because of all this, Victim Number 19 isn't going to be known as a number anymore," Dart said.

? Read the original story on NBCChicago.com

"Closure is great, but my only wish in this particular case would have been that we could have provided some sort of closure for William's mother and father before they passed away," Dart said. "I do hope and pray that Laura and Robert might find some peace and closure with the news today."

Laura Bundy said she believed from the beginning that her brother was a victim of Gacy, who was a construction contractor. Bundy was also a construction worker, and "he was always all over the city," she said.

"When that happened and I found out that Gacy was a contractor, I just knew it," she said.

Dart announced in October that his office had obtained DNA profiles for all of the notorious serial killer's remaining victims and asked that anyone with missing loved ones to come forward to give DNA samples.

After the request, more than 30 people contacted the sheriff's office in hope of matching names to the remaining eight Gacy victims. Four samples came back from the North Texas institute without matches.

Gacy was convicted of murdering 33 young men and boys, most of whom were found buried in the crawl space of his Norwood Park Township home near O'Hare Airport. The former construction contractor was executed in May of 1994.

Source: http://usnews.msnbc.msn.com/_news/2011/11/29/9094040-19th-victim-of-gacy-is-identified

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Eurozone ministers meet to build euro rescue plan (AP)

BRUSSELS ? The 17 finance ministers of the countries that use the euro converged on EU headquarters Tuesday in a desperate bid to save their currency ? and to protect Europe, the United States, Asia and the rest of the global economy from a debt-induced financial tsunami.

The ministers were discussing ideas that would have been taboo only recently, before things got as bad as they are: countries ceding fiscal sovereignty to a central authority; some kind of elite group of euro nations that would guarantee one another's loans ? but require strong fiscal discipline from anyone wanting membership.

German Chancellor Angela Merkel reiterated her support for changes to Europe's current treaties in order to create a fiscal union, that will include binding and enforceable commitments by all euro countries.

"Our priority is to have the whole of the eurozone to be placed on a stronger treaty basis," Merkel said Tuesday in Berlin. "This is what we have devoted all of our efforts to; this is what I'm concentrating on in all of the talks with my counterparts."

Merkel acknowledged that changing the treaties ? usually a lengthy procedure ? won't be easy because not all of the European Unions 27 member states "are enthusiastic about it." But she dismissed reports that the eurozone, or some nations within the bloc, might go ahead with a swifter treaty between governments.

Changes to existing eurozone rules are being touted as one way the eurozone can get out of its debt crisis, which has already forced bailouts of Greece, Ireland and Portugal, and is threatening to engulf bigger economies such as Italy, the eurozone's third-largest. If Italy were to default on its debts of around euro1.9 trillion ($2.5 trillion), the fallout could spell ruin for the euro project itself and send shock waves throughout the global economy.

Even countries outside the eurozone were ratcheting up pressure on the ministers to find a solution. President Barack Obama, meeting with top EU officials on Monday, said a European failure to resolve its debt crisis would complicate his own efforts to create jobs in the U.S. And even Poland, historically wary of German dominance beyond its borders, appealed for help.

"I will probably be the first Polish foreign minister in history to say so, but here it is," Radek Sikorski said in Berlin. "I fear German power less than I am beginning to fear German inactivity. You have become Europe's indispensable nation."

Illustrating the urgency is the fact that eurozone governments have euro638 billion ($852 billion) in past debts coming due in 2012, of which 40 percent needs to be refinanced in the first four months of the year, according to a Barclays Capital estimate last week.

In a reminder of the urgency, Italy's borrowing rates shot up Tuesday to rates above 7 percent, an unsustainable level on a par with rates that forced the others to seek bailouts. Markets rose generally for the second day on the expectation that the enormous pressures on European ministers would produce results.

At the top of Tuesday's agenda is finding a means to more fully integrate the eurozone's disparate nations ? ranging from powerful Germany to tiny Malta ? both politically and financially. And the ministers must do it fast, without the delays caused by democratic niceties like referendums that have led many EU reforms to take years to implement.

France's finance minister, Francois Baroin, said Tuesday on France-Info radio that countries should integrate their budgets more closely and monitor one another's spending.

"We have to modify eurozone governance," Baroin said. "We definitely have to move toward more integrated budgetary consolidation, fiscal convergence with our neighbors."

He said France and Germany ? which have largely been calling the shots on efforts to overcome the crisis ? will make proposals on how eurozone countries can monitor one another under such a new system.

The 17 ministers are expected to discuss jointly issuing so-called eurobonds ? an all-for-one, one-for-all way of having the different countries guarantee one another's debts. Right now each nation issues its own bonds, meaning that while Italy pays above 7 percent, Germany pays about 2 percent.

Having stronger countries like Germany stand behind the general European debt would lower Italy's borrowing rates ? and perhaps avoid a debt spiral that leads to a national bankruptcy. At the same time, it would raise Germany's cost of borrowing, and that's why Germany has been fiercely opposed to the eurobond proposal.

A French official said Tuesday that France may propose joint bonds among a subset of eurozone countries although Germany has said it opposes the idea. The French official said discussions about such bonds, with the participating countries not yet specified, is under discussion ahead of a summit of European Union heads of government in Brussels next week.

The official spoke on condition of anonymity because the sensitive, closed-door talks are still under way.

Proponents of elite bonds say the proceeds could be used to help the eurozone's weaker countries deal with their debts, in return for strict conditions being imposed on their budgets. Critics argue that further fragmenting the eurozone into strong countries and weak countries would benefit no one.

On Monday, German Finance Minister Wolfgang Schaeuble dismissed reports that such bonds were under serious consideration.

The head of Germany's powerful exporters association backed an even more radical solution ? Greece and Portugal should leave the eurozone.

BGA association president Anton Boerner told The Associated Press that the radical move would be the only way for Greece, and to a lesser extent for Portugal, to spur the growth needed to overcome their crippling debts.

Boerner says the devaluation of a new Greek currency would bring the country's prices and wages roughly in line with Turkey's and greatly boost its competitiveness.

The whole world is watching the developments. It's not just a currency used by 332 million people that is at stake. As Merkel and others have said, if the euro fails, so too does the 27-nation European Union, a rousing diplomatic success that united a continent ripped apart by two world wars.

"The biggest threat to the security and prosperity of Poland would be the collapse of the eurozone," Poland's Sikorski said Monday. "And I demand of Germany that, for your own sake and for ours, you help it survive and prosper. You know full well that nobody else can do it."

If the euro fails, bank lending would freeze, stock markets would likely crash, and Europe's economies would crater. Nations in the eurozone could see their economic output fall temporarily by as much as 50 percent, according to UBS forecasters. The financial and economic pain would spread west and east as the U.S. and Asia get ensnared in the credit freeze and their exports to Europe collapse.

_____

Angela Charlton in Paris, Melissa Eddy and Juergen Baetz in Berlin, and Greg Keller in Brussels contributed to this report. Don Melvin can be reached at http://twitter.com/Don_Melvin

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/ap/20111129/ap_on_bi_ge/eu_europe_financial_crisis

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Tuesday, November 29, 2011

Keeping one's eyes on the goal -- despite stress

Monday, November 28, 2011

Stressed people fall into habits and their behaviour is not goal-directed. That the neurotransmitter norepinephrine plays a decisive role here is now reported in the Journal of Neuroscience by scientists from Bochum led by Dr. Lars Schwabe (RUB Faculty of Psychology). If the effect of norepinephrine is stopped by beta blockers, the stress effect does not occur. "The results may be important for addictive behaviours, where stress is a key risk factor" said Schwabe. "They are characterised by ingrained routines and habits."

Stress experienced with and without beta blockers

In a previous study, the Bochum researchers had already found that stress affects goal-directed behaviour during a learning task. Now they explored how these negative effects can be prevented. Schwabe and his colleagues subjected half of the participants to a stressful situation. Beforehand, the researchers administered the drug propranolol, a beta blocker, to part of the stressed group. This occupies certain receptors and thus prevents norepinephrine from working. The remaining subjects took a placebo pill.

Learning with cocoa and orange juice

Then, all the subjects learned that they received cocoa or orange juice as a reward if they clicked on certain icons on the computer. After this learning phase, the participants were allowed to eat either as many oranges or as much chocolate pudding as they wanted. "That weakens the value of the reward" explained Schwabe. "For someone who eats chocolate pudding, the cocoa loses its appeal. And someone full of oranges has less craving for orange juice." In the subsequent test series, non-stressed subjects who had eaten chocolate pudding clicked less frequently on the icons which led to a reward of cocoa. Non-stressed participants who had previously eaten oranges opted less for symbols that were associated with orange juice.

Norepinephrine mediates stress effects

The behaviour of the stressed subjects who had been administered a placebo tablet was completely different. Regardless of what they had eaten, they continued to choose both the symbols associated with orange juice and with cocoa. So they stayed in their habits. The behaviour of the stressed subjects in the beta-blocker-group, on the other hand, was just as goal-directed as that of the subjects who had experienced no stress. If they were full of chocolate pudding, for example, they rarely chose the symbols which led to a reward of cocoa. This result demonstrates that norepinephrine mediates the effect of stress and that beta blockers can avert the negative consequences of stress. The study was funded by the German Research Foundation and the RUB's Rectorate programme.

###

L. Schwabe, O. H?ffken, M. Tegenthoff, O. Wolf (2011): Preventing the stress-induced shift from goal-directed to habit action with a beta-adrenergic antagonist,Journal of Neuroscience, doi: 10.1523/JNEUROSCI.3304-11.2011

Ruhr-University Bochum: http://www.ruhr-uni-bochum.de

Thanks to Ruhr-University Bochum for this article.

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

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Source: http://www.labspaces.net/115482/Keeping_one_s_eyes_on_the_goal____despite_stress

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Monday, November 28, 2011

The nation's weather

This NOAA satellite image taken Sunday, Nov. 27, 2011 at 12:45 a.m. EST shows clouds cover the Eastern half of the nation, while clear skies return to the Plains. A low pressure system moves over the Great Lakes and pulls a cold front into the Eastern Valleys. This creates some heavy rain and scattered thunderstorms in the Southeast, while snow showers develop in the North. Meanwhile, a ridge of high pressure builds over the Plains, bringing sunny and dry conditions. (AP PHOTO/WEATHER UNDERGROUND)

This NOAA satellite image taken Sunday, Nov. 27, 2011 at 12:45 a.m. EST shows clouds cover the Eastern half of the nation, while clear skies return to the Plains. A low pressure system moves over the Great Lakes and pulls a cold front into the Eastern Valleys. This creates some heavy rain and scattered thunderstorms in the Southeast, while snow showers develop in the North. Meanwhile, a ridge of high pressure builds over the Plains, bringing sunny and dry conditions. (AP PHOTO/WEATHER UNDERGROUND)

This is the Weather Underground forecast for Sunday, Nov. 27, 2011, for United States. A strong storm will roll through the eastern third of the country, bringing rain to the Southeast and a mixture of rain and snow to the Ohio Valley and Upper Midwest. More rain and snow is likely in the Northwest. (AP Photo/Weather Underground)

A cold front will trek eastward Sunday from the Mississippi River Valley, bringing wet conditions to the East Coast.

A low pressure system over the Great Lakes will continue northeastward into eastern Canada. This system will propel a cold front eastward, starting from the Great Lakes and extending down the Mississippi River Valley. By evening, this system will stretch from the Northeast down the Ohio and Tennessee Valleys to the Gulf of Mexico.

The southern end of this system could pull added moisture from the Gulf of Mexico. If thunderstorms develop, they would likely be contained to the Southeast amid strong winds and heavy rains in some areas. In the north, the back side of this system will pull cold air in from Canada, allowing for widespread snow showers to develop across the Great Lakes with accumulations of 1 to 3 inches.

In the Plains, a high pressure area will build behind the mass of cold air. Expect mostly sunny skies and cool temperatures to persist as cold, dry air pours in from central Canada. Further west, a low pressure trough off the Pacific Northwest will push a cold front onshore.This will trigger more rain and high elevation snow in the Cascades. Snow levels will be high, around 8,000 feet, due to this relatively warm system. The tail end of the front out West may bring light precipitation to far northern California.

Temperatures in the lower 48 states ranged Saturday from a morning low of -16 degrees at West Yellowstone, Mont., to a high of 88 degrees at Edinburg, Texas

___

Online:

Weather Underground: http://www.wunderground.com

National Weather Service: http://iwin.nws.noaa.gov

Intellicast: http://www.intellicast.com

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2011-11-27-US-Weatherpage-Weather/id-57a48c4af7f1483c90f5d53f4e8b99cc

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Source: http://twitter.com/ChrisAstro/statuses/140941265113071616

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