Friday, May 31, 2013

Large asteroid, with small moon in tow, to fly by Earth

By Irene Klotz

CAPE CANAVERAL, Florida (Reuters) - A large asteroid accompanied by its own small moon was approaching Earth on Friday, the latest in a string of celestial visitors drawing attention to the potential dangers of objects in space.

Asteroid 1998 QE2 - which is not named for the United Kingdom's monarch - is about 1.7 miles in diameter, about nine times as long as the Queen Elizabeth II ocean liner.

It is far bigger than the small asteroid that blasted through the skies over Chelyabinsk, Russia, on February 15, leaving more than 1,500 people injured by flying glass and debris.

That same day another asteroid, about 150 feet in diameter, passed about 17,200 miles from Earth - closer than the networks of communication satellites that ring the planet.

At its closest approach, which will occur at 4:59 p.m. EDT (2059 GMT), asteroid 1998 QE2 will be about 3.6 million miles (5.8 million km) from Earth, which is roughly 15 times farther away than Earth's moon.

"For an asteroid of this size, it's a close shave," said Paul Chodas, a scientist with NASA's Near Earth Object program office at the Jet Propulsion Laboratory in Pasadena, California.

NASA is tracking 95 percent of the large asteroids with orbits that come relatively close to Earth. The U.S. space agency, as well as Russia, Europe and others, plans to beef up asteroid detection efforts to find smaller objects that could still do considerable damage if they hit a populated area.

Scientists used radar to get a preview of the asteroid on Wednesday and discovered it had a small moon in tow.

"It was quite a surprise," Marina Brozovic, a radar scientist with the Jet Propulsion Laboratory, said in a NASA TV interview.

After its pass around the sun, QE2 will head back toward the outer asteroid belt on an orbit that extends nearly to Jupiter.

Friday's flyby is the closest QE2 will come to Earth for at least the next 200 years, Chodas said.

Astronomers are hoping to get images and data during the flyby that will be as good as what spacecraft visiting other asteroids have returned.

(Editing by Tom Brown and Jim Loney)

Source: http://news.yahoo.com/large-asteroid-small-moon-tow-fly-earth-175256857.html

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Syrian regime says it has Russian missiles

BEIRUT (AP) ? Syrian President Bashar Assad said the regime has received the first shipment of sophisticated Russian anti-aircraft missiles, while the main Western-backed opposition group announced Thursday that it will not participate in peace talks ? a double blow to international efforts to end the country's devastating civil war.

Assad's comment on the arrival of the long-range S-300 air defense missiles in Syria, which was made in an interview with Lebanon's Hezbollah-owned TV station, could further ratchet up tensions in the region and undermine any to hold any peace talks.

Israel's defense chief, Moshe Yaalon, said earlier this week that Russia's plan to supply Syria with the weapons was a threat and that Israel was prepared to use force to stop the delivery.

Hezbollah's Al-Manar TV released Assad's comments on the Russian missiles in print, through its breaking news service Thursday morning.

"Syria has received the first shipment of Russian anti-aircraft S-300 rockets," the TV quoted Assad as saying. The Syrian leader added: "All our agreements with Russia will be implemented and parts of them have already been implemented."

An official at the station confirmed to The Associated Press that the remarks were from the exclusive interview the TV was to air in full later Thursday.

The shipment of the missiles, if confirmed, comes just days after the European Union lifted an arms embargo on Syria, paving way for individual countries of the 27-member bloc to send weapons to rebels fighting to topple Assad's regime.

The developments raise fears of an arms race ? not just between Assad's forces and the opposition fighters battling to topple his regime, but also in the wider Middle East.

Israel has carried out several airstrikes in Syria in recent months that are believed to have destroyed weapon shipments bound for Hezbollah, the Lebanese Shiite group that along with Iran and Russia is a staunch Assad ally. It is not clear whether Israeli warplanes entered Syrian airspace in these attacks.

With the Russian missiles in Syria's possession, the Israeli air force's ability to strike inside the Arab country could be limited since the S-300s would expand Syria's capabilities, allowing it to counter airstrikes launched from foreign airspace as well.

The S-300s have a range of up to 200 kilometers (125 miles) and the capability to track and strike multiple targets simultaneously. Syria already possesses Russian-made air defenses, and Israel is believed to have used long-distance bombs fired from Israeli or Lebanese airspace.

When Israeli warplanes struck near the capital of Damascus, targeting purported Iranian missiles intended for Hezbollah earlier this month, Syria did not respond.

But on Wednesday, Syrian Foreign Minister Walid al-Moallem told Lebanon's Al-Mayadeen TV that Damascus "will retaliate immediately" if Israel strikes Syrian soil again.

It was the regime's most serious warning to Israel since the beginning of the conflict in March 2011 but it was not clear if there was a link between al-Moallem's remark and the Russian shipment.

Israel had no immediate reaction on the Russian shipment but Silvan Shalom, a Cabinet minister from Prime Minister Benjamin Netanyahu's party, told Israel Radio that the Jewish state will "take actions" to make sure advanced weapons don't reach rogue groups.

Meanwhile, the Syrian National Coalition's decision not to attend U.S.-Russian sponsored talks with representatives of the Assad regime torpedoes the only plan for trying to end Syria's two-year conflict that the international community had been able to agree on.

"The talk about the international conference and a political solution to the situation in Syria has no meaning in light of the massacres that are taking place," a spokesman for the Syrian National Coalition, Khalid Saleh, told reporters in Istanbul, where the opposition has been holding week-long deliberations on a strategy for the Geneva talks.

He said the group will not support any international peace efforts in light of Iran's and Hezbollah's "invasion" of Syria.

Saleh was referring to the increasingly prominent roles of Iran and the Lebanese militant Hezbollah group in backing Assad's forces on the ground.

"The National Coalition will not participate in an international conference and will not support any efforts in light of Iran's malicious invasion of Syria," he added.

The opposition's announcement came just a day after al-Moallem said the government would attend the planned peace conference in Geneva but laid out terms that made it difficult for the opposition to accept.

Al-Moallem said Assad will remain president at least until elections in 2014 and might seek another term, and that any deal reached in such talks would have to be put to a referendum.

In Syria, Assad's forces backed by Hezbollah fighters fought pockets of resistance in the strategic town of Qusair near the border with Lebanon. The Britain-based Syrian Observatory for Human Rights said the government controls most of Qusair following a fierce, 12-day battle with opposition forces.

Thursday's sporadic clashes came as government troops were mopping up in northern and western parts of Qusair, said the Observatory, which relies on information from a network of activists on the ground.

The Syrian army on Wednesday took control of nearby Dabaa air base, dealing a major blow to the rebels in Qusair, an overwhelmingly Sunni town in western part of the country that has been controlled by the opposition since early last year.

The government launched an offensive on Qusair on May 19 and Hezbollah militants joined the battle, drawing the Lebanese Shiite group deep into the civil war next door.

More than 70,000 people have been killed in the 26-months-old Syrian conflict that has had increasingly sectarian overtones. Members of Syria's Sunni Muslim majority dominate the rebel ranks and Assad's regime is mostly made up of Alawites, an offshoot sect of Shiite Islam.

Both sides in the conflict value Qusair, which lies along a land corridor linking two Assad's strongholds, the capital of Damascus and an area along the Mediterranean coast that is the Alawite heartland. For the rebels, holding the town means protecting their supply line to Lebanon, just 10 kilometers (six miles) away.

The Coalition on Thursday launched an urgent appeal for relief efforts to rescue what it said were over 1,000 wounded people in the Syrian town of Qusair near the border with Lebanon.

"It is not reasonable, it is not logical that people and civilians are getting killed minute by minute while the international community continues in a standstill," Saleh said, speaking to reporters in English.

Source: http://news.yahoo.com/syrian-regime-says-russian-missiles-131926393.html

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MOVIES: Now You See Me ? And I Wish I Hadn't ? Review | Spoilers


?Look closely. Because the closer you look, the less you?ll actually see.? This is the refrain that pops up again and again in Now You See Me, director Louis Leterrier?s latest assault on audiences? eyes and intellects. The frequency with which the words are repeated is akin to a verbal tick that Leterrier (the mind behind disasterpieces like The Incredible Hulk and Clash of the Titans) just can?t suppress no matter how hard he tries. There is nothing subtle about Leterrier?s style of filmmaking so it shouldn?t come as a surprise that his approach to the art of magic and illusion is all spectacle and no substance.
In order to suffer through to the end of Now You See Me, a great deal of brainpower must be exerted to suspend enough disbelief to make the plot bearable. Under mysterious circumstances, four magicians at various stages in their careers are brought together to dazzle audiences in a way no other magic act has done before. J. Daniel Atlas (Jesse Eisenberg) is the cocky showman; Merritt McKinney (Woody Harrelson) is the former celebrity now circling the professional drain; Henley Reeves (Isla Fisher) is the sexy escape artist (and Atlas? former assistant); and Jack Wilder (Dave Franco) is the streetwise sleight-of-hand master who is equal parts magician and thief.
As the Four Horsemen, they stage the greatest magic show Las Vegas has ever seen: they rob a bank in France right in front of the audience?s eyes. This draws the attention of the Vegas branch of the FBI in the form of too-tired-for-this Agent Dylan Rhodes (Mark Ruffalo). He is saddled with a French Interpol agent named Alma Dray (Melanie Laurent) who arrives in the States just hours after the heist takes place. With the help of professional magician debunker Thaddeus Bradley (Morgan Freeman), Dylan and Alma are able to figure out how the foursome pulled off the bank robbery just in time to for them to head to Baton Rouge to do it all over again. This time, though, they are playing with the money of their financier Arthur Tressler (Michael Caine) who doesn?t take kindly to his bank account being drained.
While the movie as a whole is an over bloated exercise in ego-stroking, credit must be given to Leterrier and screenwriters Ed Solomon, Boaz Yakin and Edward Ricourt for at least attempting to make a movie that isn?t a prequel, sequel, remake or adaptation of a 1970s television show. Creativity and originality are severely lacking in Hollywood so Leterrier & Co. deserve respect for that aspect of their endeavor.
Everything else, though, is as unconvincing as a five-year-old who just learned a card trick and can?t wait to show it off at Christmas. Leterrier?s biggest mistake ? aside from his almost obsessive use of CGI, which will be addressed presently ? was casting Michael Caine who played a major character in Christopher Nolan?s brilliant film The Prestige. It?s impossible not to draw comparisons between the two films, one of which should be taught as a master class in filmmaking and one which will very soon line the five-dollar DVD bin at Wal-Mart. Did the thought not even cross Leterrier?s mind? Very little did, apparently, since he is clearly oblivious to his movie?s enormous plot holes and contradictions. It doesn?t become clear until about halfway through the movie whether the performers are just really, really good at illusions ?and extremely lucky ? or if they have been given some type of supernatural powers. We don?t know because Leterrier doesn?t seem to know.
That?s another problem with the movie: it has no consistent tone or inherent reality. As it turns out, the magic acts are all just illusions, but they would be impossible to pull off in real life. The Prestige worked so well because Nolan relied on practical effects to make the magic happen. We believed it because we saw how it could happen. Leterrier has unlimited CGI artists at his disposal and so the most absurd tricks can be and are created. Magic astounds us because we know it isn?t really magic, the magician is just really talented. In Now You See Me, though, the performers might as well just breathe underwater or walk through fire.
Luckily, the cast makes the pain a little easier to handle. Eisenberg gives Atlas the perfect amount of smugness that would be annoying if he weren?t so good at what he does. Eisenberg and Harrelson almost have a few scenes with some really good banter that would have been a welcome reminder of their first on-screen appearance together in Zombieland. Franco is sorely underutilized as the only actor who looks to even have bothered practicing misdirection and sleight-of-hand. Fisher is given no character and even less clothes to wear and is the only weak spot (though it is not her fault). Ruffalo gives probably the best performance though it?s almost a three-way tie with Freeman and Caine. These actors deserve better, but at least they appear to be enjoying themselves.
Now You See Me has about as much mystery and suspense as the Home Shopping Network and wastes its incredibly talented cast on a trite script that is too busy trying to prove how smart it is instead of asking ?Does this make any sense??.
Grade: D

Source: http://www.spoilertv.com/2013/05/movies-now-you-see-me-and-i-wish-i.html

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ICC prosecutor: Kenya must prove it could handle Kenyatta case

AMSTERDAM (Reuters) - The International Criminal Court's (ICC) chief prosecutor said on Thursday that Kenya must prove it would "genuinely" conduct proceedings against President Uhuru Kenyatta for alleged crimes against humanity if it wants the court to drop his case.

Kenya has asked the tribunal to refer its case against Kenyatta back to the east African country, a move that has been backed by other African Union nations.

Kenyatta and his deputy, William Ruto, are facing trial at the ICC, accused of masterminding ethnic bloodshed in post-election violence five years ago that killed more than 1,200 people. Both deny the charges.

Kenyatta's trial is due to begin in July. Both he and Ruto have promised to cooperate with the ICC.

"A state wishing to conduct national proceedings has to satisfy the judges that it is genuinely conducting proceedings against the same persons for the same crimes," ICC Chief Prosecutor Fatou Bensouda said.

Kenyan officials concede the country has not in the past had the ability to try suspects accused of crimes against humanity, but say its reformed judiciary now does.

The country is in the process of setting up special courts for trying crimes against humanity.

"The office of the prosecutor stands ready to engage in any legal debate regarding its ongoing cases in Kenya," Bensouda said.

The prosecutor's office has always insisted the ICC trial of Kenyatta must proceed. The Hague-based court has no jurisdiction over crimes if national authorities are carrying out a credible investigation and trial.

The court was set up a decade ago to hold accountable perpetrators of the very worst crimes against humanity and war crimes, but some feel Africa has been unfairly targeted, making the court deeply unpopular across the continent.

Source: http://news.yahoo.com/icc-prosecutor-kenya-must-prove-could-handle-kenyatta-135435634.html

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Thursday, May 30, 2013

Ohio St president jabs Notre Dame, Catholics, SEC

In this Sunday, May 5, 2013 photo, Ohio State president E. Gordon Gee speaks during the Ohio State University spring commencement in Columbus, Ohio. Gee told a university committee last December that Notre Dame wasn?t invited to join the Big Ten because they?re not good partners while also jokingly saying that ?those damn Catholics? can?t be trusted. (AP Photo/Carolyn Kaster)

In this Sunday, May 5, 2013 photo, Ohio State president E. Gordon Gee speaks during the Ohio State University spring commencement in Columbus, Ohio. Gee told a university committee last December that Notre Dame wasn?t invited to join the Big Ten because they?re not good partners while also jokingly saying that ?those damn Catholics? can?t be trusted. (AP Photo/Carolyn Kaster)

This photo made Sunday, May 5, 2013, shows Ohio State president E. Gordon Gee during the Ohio State University spring commencement in Columbus, Ohio. Gee told a university committee last December that Notre Dame wasn?t invited to join the Big Ten because they?re not good partners while also jokingly saying that ?those damn Catholics? can?t be trusted. (AP Photo/Carolyn Kaster)

(AP) ? The president of Ohio State University said Notre Dame was never invited to join the Big Ten conference because the university's priests are not good partners, joking that "those damn Catholics" can't be trusted, according to a recording of a meeting he attended late last year.

Gordon Gee also took shots at schools in the Southeastern Conference and the University of Louisville, according to the recording of the December meeting of the school's Athletic Council that The Associated Press obtained under a public records request.

The university called the statements inappropriate and said Gee is undergoing a "remediation plan" because of the remarks.

Gee was on a long-planned family vacation and unavailable for comment, Ohio State spokeswoman Gayle Saunders said. He apologized in a statement released to the AP.

"The comments I made were just plain wrong, and in no way do they reflect what the university stands for," he said in the statement. "They were a poor attempt at humor and entirely inappropriate. There is no excuse for this and I am deeply sorry."

Gee, who has taken heat before for uncouth remarks, told members of the council that he negotiated with Notre Dame officials during his first term at Ohio State, which began more than two decades ago.

"The fathers are holy on Sunday, and they're holy hell on the rest of the week," Gee said to laughter at the Dec. 5 meeting attended by Athletic Director Gene Smith, several other athletic department members, professors and students.

"You just can't trust those damn Catholics on a Thursday or a Friday, and so, literally, I can say that," said Gee, a Mormon.

The Big Ten had for years courted Notre Dame, but the school resisted as it sought to retain its independent status in college football. In September, the school announced that it would join the Atlantic Coast Conference in all sports except football and hockey but would play five football games each year against ACC teams.

In the recording, Gee referred specifically to dealing with the Rev. Ned Joyce, Notre Dame's longtime executive vice president, who died in 2004.

"Father Joyce was one of those people who ran the university for many, many years," Gee said.

Gee said the Atlantic Coast Conference added Notre Dame at a time when it was feeling vulnerable.

"Notre Dame wanted to have its cake and eat it, too," Gee said, according to the recording and a copy of the meeting's minutes.

Notre Dame spokesman Dennis Brown called the remarks regrettable, especially the reference to Joyce, "who served Notre Dame and collegiate athletics so well and for so long." Gee contacted Notre Dame's president, the Rev. John Jenkins, to offer an apology, which was accepted, Brown said Thursday in an email, declining to say when the apology was made.

Notre Dame has a storied collegiate football history and is perhaps the nation's pre-eminent Roman Catholic university. Ohio State, with about 56,000 students on its main campus, is among the country's biggest universities, and it has its own long football tradition.

A message was left with Smith, the Ohio State athletic director who attended the December meeting and who also is a 1977 Notre Dame graduate. NCAA President Mark Emmert declined to comment, saying he hadn't heard the remarks.

Ohio State's Athletic Council meets monthly during the fall, winter and spring and makes recommendations on athletic policy including ticket prices. December's meeting was at Ohio Stadium.

Gee was introduced by Athletic Council then-chairman Charlie Wilson, and Gee's name and introduction are included in written minutes of the meeting. His comments drew laughter, at times loud, occasionally nervous, but no rebukes, according to the audio.

Ohio State trustees learned of Gee's "offensive statements" in January, met with the president at length and created the remediation plan for Gee to "address his behavior," board president Robert Schottenstein said in a statement.

Comments by a university leader about "particular groups, classes of people or individuals are wholly unacceptable," Schottenstein said. "These statements were inappropriate, were not presidential in nature and do not comport with the core values of the university."

Gee has gotten in trouble before for offhand remarks, most recently during a memorabilia-for-cash and tattoos scandal under football coach Jim Tressel's watch.

Gee was asked in March 2011 whether he had considered firing Tressel. He responded: "No, are you kidding? Let me just be very clear: I'm just hopeful the coach doesn't dismiss me." Tressel stepped down three months later.

In November 2010, Gee boasted that Ohio State's football schedule didn't include teams on par with the "Little Sisters of the Poor." An apologetic Gee later sent a personal check to the real Little Sisters of the Poor in northwest Ohio and followed up with a visit to the nuns months later.

Last year, Gee apologized for comparing the problem of coordinating the school's many divisions to the Polish army, a remark that a Polish-American group called bigoted and ignorant.

In 1992, in a moment of frustration over higher-education funding, Gee told a student newspaper reporter, "the governor's a damn dummy." Then-Gov. George Voinovich laughed it off, and the two became allies.

Gee was named the country's best college president in 2010 by Time magazine, and he has one of the highest-profile resumes of any college leader in recent history. He has held the top job at West Virginia University, the University of Colorado, Brown University and Vanderbilt University. He was Ohio State president from 1990 to 1997 and returned in 2007.

Gee, 69, earns about $1.9 million annually in base pay, deferred and performance compensation and retirement benefits.

He is a prolific fundraiser and is leading a $2.5 billion campaign at Ohio State. He is omnipresent on campus, attending everything from faculty awards events to dormitory pizza parties. He is known for his bow ties ? he has hundreds ? and his horn-rimmed glasses.

During his comments to the Athletic Council, Gee also questioned the academic integrity of schools in the Southeastern Conference and the University of Louisville.

The top goal of Big Ten presidents is to "make certain that we have institutions of like-minded academic integrity," Gee said. "So you won't see us adding Louisville," which is also joining the ACC.

After a pause followed by laughter from the audience, Gee added that the Big Ten wouldn't add the University of Kentucky, either.

Louisville spokesman Mark Hebert said the university accepted Gee's apology but planned to forward Gee information about the upward trajectory of its academic and athletic programs. Kentucky president Eli Capilouto declined to comment.

During the meeting, Gee also said he thought it was a mistake not to include Missouri and Kansas in earlier Big Ten expansion plans. Missouri has since joined the SEC.

"You tell the SEC when they can learn to read and write, then they can figure out what we're doing," Gee said when asked by a questioner how to respond to SEC fans who say the Big Ten can't count because it now has 14 members.

Gee noted he was chairman of the SEC during his time as Vanderbilt University chancellor. He also told the audience that speculation about the SEC "remains right here," according to the recording.

Despite his SEC comments, Gee gave the commencement address at an SEC institution ? Louisiana State University's Health Sciences Center ? on May 16, Ohio State confirmed. Gee's daughter is assistant professor of Public Health and Medicine at Louisiana State University.

Gee took a swipe at Big Ten Commissioner Jim Delany, one of the most powerful leaders in college athletics, when he answered a question about preserving Ohio State's financial interests in light of Big Ten revenue-sharing plans.

"No one admires Jim Delany more than I do. I chaired the committee that brought him here," Gee said. "Jim is very aggressive, and we need to make certain he keeps his hands out of our pockets while we support him."

Gee's comments "were inappropriate and in no way represent the opinions of the conference," Delany said in a statement, adding he had apologized to Notre Dame and the SEC.

SEC Commissioner Mike Slive said Gee called to apologize for the comments about a week ago, saying they might become public. Delany called after that, also to apologize. Both apologies were accepted, Slive said.

"Our focus is on the SEC," he said Thursday. "Our goal is to make us better, and we've been very successful and we're comfortable here. There really isn't much more to add to that."

___

Associated Press writers John Seewer in Toledo, Tom Coyne in South Bend, Ind., Janet Cappiello in Louisville, Ky., Stephen Hawkins in Irving, Texas, and Mark Long in Destin, Fla., contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2013-05-30-Ohio%20State%20President/id-409acaac9b4e4c44b384c83a7b94af8c

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Monsters University: Final Trailer!

Source: http://www.thehollywoodgossip.com/2013/05/monsters-university-final-trailer/

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Ferry capsizes in Malaysian river, 21 missing

KUALA LUMPUR, Malaysia (AP) -- An overloaded ferry capsized after hitting rocks in a remote river in Malaysia's part of tropical Borneo island on Tuesday, leaving 21 people missing and feared trapped inside the vessel, police said. Another 181 survivors swam ashore or were rescued by villagers.

The vessel was carrying nearly three times its recommended limit of 74 passengers, including many indigenous tribal palm oil and timber workers returning to their home villages for a harvest festival holiday, said Bakar Sibau, a district police chief in Malaysia's Sarawak state.

Police divers, fire department officers and villagers were searching for the missing passengers in the river, known for stretches of swift-flowing rapids.

"We believe some of them might still be trapped inside the boat," Bakar said, adding that the passengers included men, women and children.

Rom Kulleh, a political aide who flew in a helicopter over the river shortly after the accident, said he and his state legislator boss saw the overturned boat.

"We spotted some people being saved by villagers in smaller boats," Rom told the AP.

The accident occurred during a 130-kilometer (80-mile) journey that usually takes about three hours.

Rivers form the main transportation network for hundreds of thousands of people in sprawling Sarawak. Public concerns about safety, including the enforcement of rules for ferry capacity, have occasionally emerged, but major boat accidents in Sarawak are rare.

"Overcrowding is common, but everyone is used to it. We are very far away here from the enforcement officials," said Daniel Levoh, a district official familiar with transportation issues.

Borneo island is divided among three countries: Indonesian territory in the south, two Malaysian states in the north and tiny Brunei on the north coast.

Source: http://news.yahoo.com/ferry-capsizes-malaysian-river-21-134511812.html

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Wednesday, May 29, 2013

Iran seeks tighter control of foreign journalists

TEHRAN, Iran (AP) ? Iran's culture minister is seeking to tighten rules to supervise visiting foreign journalists.

A Wednesday report by the semi-official Mehr news agency quotes Mohammad Hosseini as saying tighter measures are being sought after an Israeli journalist reported from Tehran about the 2009 presidential election for a European news outlet.

Postelection turmoil in 2009 led the government to restrict access for visiting foreign journalists, many of whom left the country ahead of schedule.

Hosseini did not elaborate. He said 200 foreign journalists have applied to cover June's presidential elections.

The ministry has a final say on issuing credentials for foreign journalists seeking coverage of Iran.

Some 120 foreign media outlets maintain offices in Iran.

Source: http://news.yahoo.com/iran-seeks-tighter-control-foreign-journalists-130210806.html

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Why Nikkei Sell-Off May Foreshadow Things to Come

Tuesday, May 28th, 2013
By George Leong, B.Comm. for Profit Confidential

Why Nikkei Sell-Off May Foreshadow Things to ComeThe one-day sell-off last week in Japan?s equities market with the benchmark Nikkei 225 plummeting more than seven percent in one day should not be ignored; in fact, the drop may be a harbinger of things to come. I don?t have a crystal ball, but my market sense is tingling.

The reality is that the sell-off in the equities market was not a surprise, given that the Nikkei has advanced 70% over the past six months. And this advance was driven largely by Prime Minister Shinzo Abe?s aggressive 10-year stimulus strategy to jumpstart the dormant Japanese economy.

Yet what was more concerning was the lack of a follow-through by the Nikkei equities market after the sell-off, as the index rallied a mere 0.9% the following day.

Nikkei equities market

Chart courtesy of www.StockCharts.com

The market?s fear is that if the selling continues on the Nikkei, this could drive down confidence in the equities market and trigger deeper losses on the horizon, including declines in domestic trading.

The Japanese equities market could easily go lower, given the advance so far.

For Prime Minister Abe, should the Japanese equities market reverse course and decline, the move would likely erode confidence in Japan and test Abe and the country?s resolve.

In my view, as I have discussed in these pages in my previous commentary on Japan (read ?Japan Not Home-Free Despite Strong GDP?), the country?s aggressive fiscal and monetary policy is not a sure bet to get Japan out of its economic abyss.

In fact, the aggressive printing of money in Japan will create a bloated national debt level on the country?s balance sheet, which is already one of the weakest in the world.

The ability to drive the economy by spending trillions may work in the upcoming years, but I wouldn?t feel good about amassing the amount of debt that Japan is.

The sell-off in the Nikkei equities market could make investors uneasy on this side of the Pacific.

Domestically, the market is concerned about the Federal Reserve looking at a possible reduction of its bond-buying program as early as June during the Federal Open Market Committee (FOMC) meeting that is scheduled for that month.

The fear is that more selling in the Nikkei equities market may trigger deeper losses to come not only in Japan, but elsewhere; so there may be some apprehension to jump into stocks at this point.

The chart of the S&P 500 below suggests that a possible correction may be in the works, as shown by the ovals. Note also that in 2012, the S&P 500 gained a mere seven points from May 1 to October 31?historically the weakest six months for stocks, according to the Stock Trader?s Almanac?but advanced 13.4% for the year, so we could be headed for some slack.

S&P 500 chart

Chart courtesy of www.StockCharts.com

I would want to see a bigger sell-off here before considering injecting new capital into stocks.

Again, while the advance has been financially rewarding, I still feel a correction is on the horizon. A big sell-off could be an opportunity to buy.

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Source: http://www.profitconfidential.com/stock-market/why-nikkei-sell-off-may-foreshadow-things-to-come/

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The Hisense Sero 7 Pro gets reviewed in the forums

Sero 7 Pro

Users seem to be loving the new $149 Hisense Sero 7 Pro tablet, be sure to join the discussion with questions or comments

Last week we told you about a new line of inexpensive Android tablets coming to Walmart from Hisense. The price looked marvelous, and the $149 Sero 7 Pro had some pretty nice specs -- besting the crowd favorite Nexus 7 in most ways. At that price you knew Android fans were going to bite, and now the forums has a handful of folks talking about their new purchase.

I don't want to give too many spoilers, but the reviews are good. It looks like Hisense has kept things mostly stock, and the Tegra 3 with Jelly Bean performs as well here as it does on other, more expensive models.

All this has me looking at the Sero 7 Pro myself, so maybe we'll squeeze a front page review into the schedule soon. But in the meantime, join folks just like you who are using the tablet every day in the forums, and see what they think about their new pick up.

The Hisense Sero 7 review thread

    


Source: http://feedproxy.google.com/~r/androidcentral/~3/lesBsweBHAM/story01.htm

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Weiner, gaining in polls, attends his first NYC mayoral debate

Anthony Weiner headed to a campaign event. (Brendan McDermid/Reuters)NEW YORK?Former Rep. Anthony Weiner made his first debate appearance as a candidate for New York City mayor as a new poll found him gaining ground in the race.

The new Marist Poll found Weiner trailing his chief rival, City Council Speaker Christine Quinn, 19 percent to Quinn?s 24 percent. That was a shift from a Marist Poll in April, when he trailed 15 percent to her 26 percent.

According to the latest poll, the remainder of the field continues to lag behind them, including Public Advocate Bill de Blasio at 12 percent, former Comptroller Bill Thompson at 11 percent and current Comptroller John Liu at 8 percent.

The poll came as Weiner made his first debate appearance as a full-fledged mayoral candidate at an education forum sponsored by New Yorkers for Great Public Schools, a coalition of parent and teacher groups that has lobbied heavily against school reforms championed by Mayor Michael Bloomberg.

Quinn, a close ally of Bloomberg who backed many of his policies, was a last-minute no-show at the debate?an absence noted by organizers, who called her decision ?a big mistake.?

The group said Quinn staffers had repeatedly said she would attend and that they had even scheduled the debate twice around her schedule. But Quinn canceled with no explanation over the Memorial Day weekend, organizers said.

?Quinn is running away from an opportunity to defend her record on education,? Billy Easton, a spokesman for the school group, said.

A spokesman for Quinn did not respond to a request for comment.

But Weiner was a last-minute addition to the debate lineup?agreeing to the appearance Monday after Quinn had informed the group she would not appear.

Arriving at the debate site, Weiner was immediately swarmed by dozens of reporters, who literally ran into each other as they sought to get close to the former congressman.

Weiner arrived on stage before his rivals, and for several minutes he sat at a table set up on a raised platform and answered questions as reporters took video and photos of him and jammed microphones into his face. During the debate, where he was asked questions by a mix of parents and a moderator, Weiner stood to answer each question?while his rivals remained seated.

?This is my first time seeing live fire in the campaign,? Weiner said in response to his first question.

With few genuine policy disagreements among those in the Democratic mayoral field, there were few pointed exchanges between the candidates. But at one point, former City Councilman Sal Albanese took a jab at Weiner, implying he was a late arrival to being involved in education policy.

?Welcome to the fight,? Albanese said, adding that Weiner had been in office ?forever.?

?Thank you?? Weiner replied.

Later, the ex-lawmaker took a shot at Gov. Andrew Cuomo, who has criticized Weiner?s decision to run. Asked what he would do to help restore school funding stripped by state lawmakers in Albany, Weiner said he might ?have to fight with Gov. Cuomo. But honestly, he started it.?

The appearance comes just a week after he officially declared his candidacy?nearly two years to the month after he was forced out of Congress after he was busted sexting women who were not his wife.

In announcing his bid, Weiner admitted that he had made ?big mistakes? but asked voters to give him a ?second chance.?

According to the Marist Poll, 53 percent of those polled said he deserves that ?second chance,? while 39 percent said he does not have the ?character? to be mayor. Eight percent were undecided. Meanwhile, Democrats were equally split on how they view Weiner: 44 percent said they view him ?favorably,? while 44 view him ?unfavorably.?

Neither Weiner or his rivals made any mention of the personal drama that forced him from office. But closing out his appearance, the ex-congressman spoke of the good relations and respect he hoped to forge between City Hall and New York City public school teachers if he wins the mayoral race.

"I want my teachers to say, 'I respect that guy,'" he said.

Source: http://news.yahoo.com/blogs/ticket/weiner-gaining-polls-attends-first-debate-nyc-mayoral-212416507.html

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Tuesday, May 28, 2013

Wave of bombings in Iraqi capital kill at least 57

BAGHDAD (AP) ? A wave of car bombings tore through mostly Shiite Muslim neighborhoods of the Baghdad area on Monday afternoon, leaving at least 57 dead in the latest outburst of an unusually intense wave of bloodshed roiling Iraq.

The blasts are the latest indication that Iraq's security is rapidly deteriorating as sectarian tensions exacerbated by months of Sunni-led anti-government protests and the war in neighboring Syria are on the rise.

Iraq has been hit by a wave of bloodshed that has killed more than 300 people in the past two weeks alone.

There was no immediate claim of responsibility for Monday's bloodshed, but the attacks bore the hallmarks of al-Qaida's Iraqi arm. The group, known as the Islamic State of Iraq, frequently uses car bombs and coordinated blasts in an effort to undermine Iraqis' confidence in the Shiite-led government.

One of Monday's attacks happened when back-to-back blasts struck an open-air market in the predominantly Shiite al-Maalif area, killing six and wounding 12 others, two police officers said.

The attack came less than an hour after another car bomb exploded in the busy commercial Sadoun Street in central Baghdad. It killed five civilians and wounded 14 others, two other police officers said. Among the wounded were four policemen who were in a nearby checkpoint.

The street is one of the major hubs in the capital for clinics, pharmacies and shops. Firefighters were seen struggling to extinguish the flames from the debris of the car bomb as police sealed off the area.

Several shops were partially damaged or burned. Elsewhere, police said a car bomb went off in the capital's eastern New Baghdad area as they were waiting for explosives experts to dismantle it, killing a civilian and wounding nine others.

In the northern Sabi al-Boor neighborhood, police said eight civilians were killed and 26 wounded when another car bomb exploded in a market.

Meanwhile in the southwestern neighborhood of Bayaa, another car bomb explosion in a market killed six civilians and wounded 16. In northern Baghdad's Kazimiyah district, a car bomb blew up near a bus and taxi stop, killing four and wounding 11 others. And in Baghdad's central Sadria area, a car bomb went off in a market and killed three civilians and wounded 11.

Authorities also reported 12 killed and 35 wounded when two bombs exploded in the eastern Habibiya neighborhood. In the eastern Jisr Diyala area, a car bomb killed 5 and wounded 12. And in the northern Shaab area, a car bomb killed four and wounded nine.

In Madain, about 20 kilometers (12 miles) south of central Baghdad, a car bomb killed three and wounded nine.

Medical officials confirmed the causality figures. All officials spoke on condition of anonymity as they were not authorized to release information.

Although violence has decreased sharply in Iraq since the height of insurgency, militants are still capable to carry out lethal attacks nationwide.

The recent wave of bloodshed has raised tensions between the country's Sunni minority and Shiite-led government. The surge in violence has been reminiscent of the sectarian carnage that pushed Iraq to the brink of civil war in 2006 and 2007.

Alarmed by a nationwide deterioration in the security situation, Iraqi Prime Minister Nouri al-Maliki has ordered a reshuffle in senior military ranks.

Since Saturday, the government has launched a military operation in the country's western Anbar province to chase down fighters from al-Qaida in Iraq. The group has grown stronger thanks to the rising lawlessness on the Syrian-Iraq frontier and to cross-border cooperation with the Syrian militant group Jabhat al-Nusra, or the Nusra Front.

Source: http://news.yahoo.com/wave-bombings-iraqi-capital-kill-least-57-160938471.html

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Monday, May 27, 2013

Chinese PM meets German chancellor amid trade row

BERLIN (AP) -- China's new premier is set to meet Germany's chancellor amid a looming trade spat between Asia's economic giant and the European Union.

German officials say Li Keqiang and Angela Merkel at their meeting Sunday in Berlin were expected to discuss economic issues but also Iran's nuclear program and the civil war in Syria.

During a visit to Switzerland on Saturday, Li criticized the 27-nation EU for pursuing anti-dumping cases against Chinese solar power and telecommunications equipment manufacturers that he warned will hurt both sides.

Germany, Europe's biggest economy, has indicated that it hopes for a negotiated solution in those cases rather than having the EU impose anti-dumping duties which could provoke China to impose retaliatory tariffs.

Li took office in March.

Source: http://news.yahoo.com/chinese-pm-meets-german-chancellor-120142668.html

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Fujitsu revamps E-series Lifebooks, gives Ivy Bridge one last hurrah

Fujitsu revamps Eseries Lifebooks, gives Ivy Bridge one last hurrah

Intel's Haswell-based processors may be just around the corner, but the suit-and-tie crowd can't always wait to buy new PCs, can it? Fujitsu has those impatient corporate buyers covered with a refresh to its E-series Lifebooks. The 13.3-inch E733, 14-inch E743 and 15.6-inch E753 all keep on trucking with Ivy Bridge, but come in silver and red designs that are more elegant than what we saw last year. Not that they're just skin-deep upgrades, mind you. The more common configurations tout more recent 2.6GHz Core i5 processors and 500GB hybrid hard drives, while each system can scale up to 16GB of RAM and a Core i7 for extra-demanding work. When prices start at $999, the new Lifebooks may be inexpensive enough to make shoppers feel better about their timing -- at least, for a few weeks.

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Source: Fujitsu (1), (2), (3)

Source: http://www.engadget.com/2013/05/26/fujitsu-revamps-e-series-lifebooks/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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First drug to significantly improve heart failure mortality in over a decade

May 25, 2013 ? Coenzyme Q10 decreases all cause mortality by half, according to the results of a multicentre randomised double blind trial presented today at Heart Failure 2013 congress. It is the first drug to improve heart failure mortality in over a decade and should be added to standard treatment, according to lead author Professor Svend Aage Mortensen (Copenhagen, Denmark).

Heart Failure 2013 is being held from 25-28 May in Lisbon, Portugal. It is the main annual meeting of the Heart Failure Association of the European Society of Cardiology (1).

Coenzyme Q10 (CoQ10) occurs naturally in the body and is essential to survival. CoQ10 works as an electron carrier in the mitochondria, the powerhouse of the cells, to produce energy and is also a powerful antioxidant. It is the only antioxidant that humans synthesise in the body.

CoQ10 levels are decreased in the heart muscle of patients with heart failure, with the deficiency becoming more pronounced as heart failure severity worsens. Statins are used to treat many patients with heart failure because they block the synthesis of cholesterol, but these drugs also block the synthesis of CoQ10, which further decreases levels in the body.

Double blind controlled trials have shown that CoQ10 improves symptoms, functional capacity and quality of life in patients with heart failure with no side effects. But until now, no trials have been statistically powered to address effects on survival.

The Q-SYMBIO study (2) randomised 420 patients with severe heart failure (New York Heart Association (NYHA) Class III or IV) to CoQ10 or placebo and followed them for 2 years. The primary endpoint was time to first major adverse cardiovascular event (MACE) which included unplanned hospitalisation due to worsening of heart failure, cardiovascular death, urgent cardiac transplantation and mechanical circulatory support. Participating centres were in Denmark, Sweden, Austria, Slovakia, Poland, Hungary, India, Malaysia and Australia.

CoQ10 halved the risk of MACE, with 29 (14%) patients in the CoQ10 group reaching the primary endpoint compared to 55 (25%) patients in the placebo group (hazard ratio=2; p=0.003). CoQ10 also halved the risk of dying from all causes, which occurred in 18 (9%) patients in the CoQ10 group compared to 36 (17%) patients in the placebo group (hazard ratio=2.1; p=0.01).

CoQ10 treated patients had significantly lower cardiovascular mortality (p=0,02) and lower occurrence of hospitalisations for heart failure (p=0.05). There were fewer adverse events in the CoQ10 group compared to the placebo group (p=0.073).

Professor Mortensen said: "CoQ10 is the first medication to improve survival in chronic heart failure since ACE inhibitors and beta blockers more than a decade ago and should be added to standard heart failure therapy."

He added: "Other heart failure medications block rather than enhance cellular processes and may have side effects. Supplementation with CoQ10, which is a natural and safe substance, corrects a deficiency in the body and blocks the vicious metabolic cycle in chronic heart failure called the energy starved heart."

CoQ10 is present in food, including red meat, plants and fish, but levels are insufficient to impact on heart failure. CoQ10 is also sold over the counter as a food supplement but Professor Mortensen said: "Food supplements can influence the effect of other medications including anticoagulants and patients should seek advice from their doctor before taking them."

Patients with ischaemic heart disease who use statins could also benefit from CoQ10 supplementation. Professor Mortensen said: "We have no controlled trials demonstrating that statin therapy plus CoQ10 improves mortality more than statins alone. But statins reduce CoQ10, and circulating CoQ10 prevents the oxidation of LDL effectively, so I think ischaemic patients should supplement statin therapy with CoQ10."

References: 1. Heart Failure Congress 2013 http://www.escardio.org/congresses/hf2013/Pages/welcome.aspx?hit=nav 2. SA Mortensen, A Kumar, P Dolliner, et al. The effect of coenzyme Q10 on morbidity and mortality in chronic heart failure. Results from the Q-SYMBIO study. Presented at Heart Failure Congress 2013 Final Programme Number 440. The full title of the Q-SYMBIO study is: "Coenzyme Q10 as adjunctive treatment of chronic heart failure: a randomised double blind multicentre trial with focus on changes in symptoms, biomarker status with BNP and long term outcome"?

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_science/~3/d3uGwvq-8wM/130525143852.htm

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Sunday, May 26, 2013

Senate immigration reform bill lacks enough votes to pass, senator says (cbsnews)

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EAT! Vancouver 2013 ? a celebration of food and drink | Vancouver ...

EAT! Vancouver 2013 ? a celebration of food and?drink

Posted by Mary Sheridan on May 25, 2013 ? Leave a Comment?

Eat! Vancouver is a celebration of food and drink like no other. ?This is one of the most anticipated events of the year, with hundreds of different vendors and restaurants, you?re bound to find your new favourite ?must have? experience here.

This year, I took @joshrimer with me, he loves food and drink almost as much as I do! We had a blast. Some of our highlights included:

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Kitchening & Co.?We had a great experience tasting some of their macarons and cookies.?Their macarons are handcrafted locally in the Lower Mainland using all natural colours and flavours. Some of our favourite flavours were the salted caramel, mandarin/strawberry and maple bacon.

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Sabras Canada?- With a great selection of hummus, salsas and dips, the Sabras booth has something for everyone.

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Good Drink Company?- Their unique light blend of natural herbal flavours creates a light and refreshing drink. I recommend the green tea with honey and lemon.

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Oikos Greek Yogurt -?Rich, creamy and low fat, and it has twice the protein of regular yogurt.

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Jaw Drop Cooler Co.?- Their line of flavourful and colourful coolers includes puckering punch, squeezing melons, sucking lemons and licking limes. All of these are available at your local beer and wine and government stores.

Skinny Grape Wines ? ?Only ?80 calories per glass, Skinny Grape Pinot Grigio is light and crisp. Perfect for the summer months.

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Food Network Celebrity Stage

We got just in time to see?Chuck Hughes,?Food Network Celebrity Chef do his thing. Other celebrities included Anna Olson, Bal Arneson and my personal favourite, Rob Feenie.

Bites of Vancouver -?Featuring a variety of Vancouver restaurants, one that stood out was?Establishment Lounge. Their lamb slider, was outstanding.

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EAT! Vancouver runs from May 24th until the 26th. Follow them on Twitter?@EAT_Vancouver

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Source: http://maryinvancity.com/2013/05/25/eat-vancouver-2013-a-celebration-of-food-and-drink/

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ICT experts asked to help accelerate Africa's economic development

You Are Here: Home ? ICT ? ICT experts asked to help accelerate Africa?s economic development

Page last updated at Saturday, May 25, 2013 8:08 AM // Dr. Osei Darkwa - President of GTUC

Dr. Osei Darkwa ? President of GTUC

Information and Communication Technology (ICT) experts in Africa have been tasked to develop workable solutions to address the numerous challenges in the mobile communications sector to accelerate economic development.

Dr Osei Darkwa, President of the Ghana Technology University (GTUC), who made the statement during the Second GTUC Conference in Accra recently, asked the experts to explore opportunities in the mobile communications sector to speed up development.

The conference was on the theme: ?Applications of Mobile Communications in Africa: Prospects and Challenges?.

A statement signed by Ms Afua Amankwa Sarkodie, Head of Public Relations of GTUC, and copied to the Ghana News Agency on Friday, quoted Dr Darkwa as saying; ?Today, the mobile phone is used to send text messages, transfer money, promote health services and provide access to education?.

There was, therefore, the need for Africa to cooperate with Europe in research and development, deployment and operations, consultancies and education and to learn best practices, the statement said.

It said: ?In a continent where people have more access to mobile phones than to clean water, it is important for academics and experts to find innovative ways of using the mobile phone to solve some of Africa?s problems?.

The statement said mobile communications had been advancing at a fast pace in Africa and increasingly used as a platform to address challenges in health, education and banking.

It said through innovative Public Sector Reforms in ICT, there had been enormous development and prospects in Sub-Sahara Africa, though, more needed to be done.

The statement said there existed enormous opportunities for mobile and internet sub-sectors in Africa, because the economies were expanding, leading to broadening of the consumer base.

The statement said mobile markets in sub-Saharan Africa were very competitive with investors around the world keeping watch over events as innovative service offerings were being rolled out by multiple network operators.

Africa is the second most populous region of the world with over one billion inhabitants.

According to the statement though there had been tremendous growth rates in mobile communications, particularly in fiber optic cables and market penetration rates for fixed telephony, mobile communications and broadband internet remained relatively low.

It said the conference examined development of mobile communications in markets, regulations, business strategies and mobile communications for economic, social, and human development.

Participants came from academia, business, and policy and regulation sectors.

Source: GNA

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Source: http://www.ghanabusinessnews.com/2013/05/25/ict-experts-asked-to-help-accelerate-africas-economic-development/

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Polanski laments leveling of sexes as 'idiotic'

Director Roman Polanski speaks during a press conference for Venus in Fur at the 66th international film festival, in Cannes, southern France, Saturday, May 25, 2013. (AP Photo/Virginia Mayo)

Director Roman Polanski speaks during a press conference for Venus in Fur at the 66th international film festival, in Cannes, southern France, Saturday, May 25, 2013. (AP Photo/Virginia Mayo)

(AP) ? Roman Polanski says the birth control pill has had a "masculinizing" effect on women and that the leveling of the sexes is "idiotic"

The director made the comments Saturday at the Cannes Film Festival, where he came to premiere "Venus in Fur," a film adapted from the David Ives play which stars Polanski's wife and toys with the subject of gender.

Polanski said the pill has "changed the place of women in our times" while talking to reporters. He further lamented that "offering flowers to a lady" has become "indecent."

The 79-year-old Polanski was famously convicted of having sex with a minor in a 1977 case. He was initially indicted on six felony counts, including rape by use of drugs, child molesting and sodomy, but pleaded guilty to one count of unlawful sexual intercourse.

Polanski, whose past films include "Chinatown" and "Rosemary's Baby," fled the United States after a Los Angeles judge threatened further sanctions.

He's restricted by an Interpol warrant in effect in 188 countries, but he moves freely between Switzerland and France. He was freed from Swiss house arrest in 2010 after the government refused to deport him to the United States.

Polanski's new film stars his wife, Emmanuelle Seigner, and Mathieu Amalric as an actress and theater director rehearsing an adaptation of Leopold von Sacher-Masoch's 1870 novella, "Venus in Furs." The film features Seigner as a strong, feminine actress who comes to dominate her director.

"Venus in Fur" is in competition for the Palme d'Or, Cannes' top honor, which is to be announced Sunday.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2013-05-25-EU-France-Cannes-Roman-Polanski/id-20954231edc546038896b3c4ef33c7c6

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