Sunday, June 30, 2013

France sells shares in Paris airport company

PARIS (AP) ? The French Finance Ministry says it's sold nearly 9.5 million shares in state-controlled airport operator Aeroports de Paris in a move to raise proceeds to help boost the ailing economy.

In a statement Sunday, the ministry says it raised a total of 738 million euros ($960 million) via the sale of shares to two different investors.

French insurer Credit Agricole/Predica bought just over half of the shares, and now owns 4.81 percent of the company, which runs Paris' two main airports, Roissy-Charles de Gaulle and Orly.

French construction giant Vinci bought the remaining shares and now has a 4.69 percent stake in Aeroports de Paris. The government retains a 50.63 percent stake.

Source: http://news.yahoo.com/france-sells-shares-paris-airport-company-112844514.html

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'Monsters University' tops 'Heat' at box office

Movies

3 hours ago

IMAGE: Monsters University

Disney/Pixar

"Monsters University" roared to the top of the box office again.

Family-friendly "Monsters University" topped U.S. and Canadian movie charts for a second straight weekend, fending off competition from two new releases, the female buddy comedy "The Heat" and the explosion-filled thriller "White House Down."

"Monsters University" from Walt Disney Co's Pixar animation studio sold $46.2 million worth of tickets at domestic theaters from Friday through Sunday, according to studio estimates. The movie is a prequel to the 2001 hit "Monsters Inc."

"The Heat," headlined by Melissa McCarthy and Sandra Bullock, landed in second place, grabbing $40 million. Bullock plays an uptight FBI agent paired with a loud and aggressive cop (McCarthy) to bring down a drug lord.

"World War Z," the zombie thriller starring Brad Pitt as a former U.N. crisis specialist fighting the undead, slipped one notch to finish third in its second week of release, earning $29.8 million during the weekend domestically.

The action movie "White House Down," the story of a terrorist attack in the U.S. capital, finished in the No. 4 slot with $25.7 million. The movie from "Independence Day" director Roland Emmerich stars Channing Tatum, Jamie Foxx and Maggie Gyllenhaal.

Sony Corp's movie studio released "White House Down." Paramount Pictures, a unit of Viacom Inc, distributed "World War Z." "The Heat" was distributed by the 20th Century Fox studio, a unit of 21st Century Fox, part of the company formerly known as News Corp.

Copyright 2013 Thomson Reuters.

Source: http://www.nbcnews.com/entertainment/monsters-university-tops-heat-box-office-6C10497314

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PFT: July 2012 victims didn't know Hernandez

Champ+Bailey+Kansas+City+Chiefs+v+Denver+Broncos+uyyazpdyKs5lGetty Images

Two Bills fans got engaged at the 50-yard line of Ralph Wilson Stadium after a 5K race.

Dolphins WR Brian Hartline invested some of the earnings from his new contract into a gas station/convenience store project.

ESPNBoston.com doesn?t give T Markus Zusevics much chance of making the Patriots.

Said former Jets QB Joe Namath of the 50th anniversary of the opening of the museum at the Pro Football Hall of Fame, ?It will be the getting together of so many guys I have not been around for so long. This is something that?s never been done before, that many people in one sport together that are in the Hall of Fame.?

A trade?that an outgoing?Browns regime made led to LB Ray Lewis landing on the Ravens.

Bengals FB Chris Pressley is looking forward to another shot in front of the Hard Knocks cameras.

He?s an essential member of the histories of both the Bengals and Browns, but a collection of photos at a Massillon, Ohio museum focus on Paul Brown?s days coaching Ohio State.

Steelers RB Isaac Redman has dropped 10 pounds.

Texans RB Arian Foster gives his thoughts about his Top 100 ranking.

Chris Hinton is one of the candidates at tackle for the Indianapolis Star?s all-time Colts team.

DL Kyle Love looks like the most promising waiver pickup by the Jaguars so far.

Titans TE Delanie Walker continues his anti-drunk driving advocacy.

Mark Kiszla of the Denver Post doesn?t think Broncos CB Champ Bailey will struggle next season.

Every Chiefs season ticket holder is getting a free bag for stadium use.

Raiders RB Darren McFadden is one of several players heading into a crucial season.

Chargers QB Philip Rivers didn?t know WR Danario Alexander when Alexander signed with the team, but he?s well aware of him now.

Ten things you probably don?t know about Cowboys WR Dwayne Harris.

Dan Graziano of ESPN.com thinks David Diehl will start at right tackle for the Giants.

The Eagles landed one player on the NFL Network?s top 100 list.

The Redskins have to be better against tight ends in 2013.

Seizing up the Bears as a 2013 opponent.

Lions S Glover Quin found football was a better path than some other jobs he tried.

Brett Favre and Aaron Rodgers have given the Packers a very long stretch of strong quarterback play.

The University of Minnesota isn?t worried about getting TCF Bank Field ready for the Vikings.

The woman who was convicted of murdering former Panthers RB Fred Lane is no longer working at a summer camp for children.

Cardinals LB Jasper Brinkley teamed up with his brother Casper to host a football camp.

CB Cortland Finnegan says that TE Jared Cook is a different player with the Rams than he was when both men were with the Titans.

Ravens coach John Harbaugh, 49ers coach Jim Harbaugh and their father Jack?were honored with?the Blanton Collier Award in Kentucky.

More than 600 kids turned out for Seahawks S Earl Thomas? football camp.

Source: http://profootballtalk.nbcsports.com/2013/06/30/july-2012-victims-didnt-know-hernandez/related/

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Obama: Pay no attention to Snowden (CNN)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/315967461?client_source=feed&format=rss

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Saturday, June 29, 2013

PSA: Google Play Music All Access $8 promotion ends soon

Image

Listen, we're all for waiting until the last possible minute, but that time is now. If you happen to be looking for a deal on Google's fancy new music service, the clock is ticking. Once June 30th rolls around, Google Play Music All Access's $7.99 price tag will bump up to the standard $9.99 a month. That's a full $2 a month more for access to those millions of unlimited songs. You can sign up at the source link below -- that same page can also hook you up with a free 30-day trial, if not paying money is your thing.

Filed under: , , ,

Comments

Source: Google Play Music All Access

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/Ij92TqHgIdk/

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Cassidy: NSA muzzle should be removed from Google, Facebook, Apple, Yahoo

The NSA spying scandal and the way it runs through Silicon Valley "is the story that just won't go away," to borrow a phrase from Fox News.

Details -- some accurate, some not -- of the government's snooping continue to trickle out. Many of us continue to wonder just what the government has scooped up about us from our go-to social networking and search companies like Google (GOOG), Facebook, Yahoo (YHOO) and Apple (AAPL). And some of us wonder just what those companies have done to try to protect our privacy

It's the last question that has become my personal obsession. The feds and the commercial keepers of the Internet have said all the right things to make us feel better. When several news outlets were reporting that the NSA through a program called Prism was tapping directly into the servers of search engines and social media sites, executives said that was not the case. The NSA explained

that it was only targeting foreign suspects and only with the authorization of a top-secret court.

But does any of that put you at ease? Me neither.

There is something that could help us all feel better about the oceans of personal data that are sloshing around out there: National security officials should free companies like Google, Facebook, Apple and Yahoo to explain what is going on in much greater detail. After all, we are their customers. We put our trust in them. They have benefited greatly from using our data to target ads and develop marketing schemes. They know more about us than we know about ourselves.

All this was on my mind recently when I attended a New York Times global forum. This one, hosted by columnist Thomas Friedman, centered on the notion that we'd moved from being a connected society to a hyper-connected one and that the transformation has changed everything from business to security to philanthropy to education to relationships.

The spin was generally positive, but obviously this increased connectivity has some serious down sides.

Among the many speakers was Dov Seidman, CEO of corporate advisory firm LRN and a guy who's become a guru of good corporate behavior. He seemed a

An illustration picture shows the logo of the U.S. National Security Agency on the display of an iPhone in Berlin, June 7, 2013. REUTERS/Pawel Kopczynski (PAWEL KOPCZYNSKI)

logical one to ask about the role of valley companies in the NSA drama.

"At the end of the day," Seidman, whose outfit works with Fortune 500 companies globally, told me, "the Silicon Valley companies that are capturing a lot of data are in a very precarious and a very rich relationship with their (customers). Their currency is trust and if they do anything to betray that trust, it's going to be hard to regain it."

No kidding. The problem is that it's going to be hard for Silicon Valley companies to maintain or regain that trust if the federal government continues to muzzle them.

Part of Seidman's gospel is that the world has become a place where what companies do is important, but more important is how they do things. The explosion of social media and the ability to immediately and broadly call out bad corporate behavior, means that companies that act unethically or otherwise mistreat customers, partners, suppliers and others will have a hard time getting away with it.

Few things matter more to people than their personal information, said Seidman, author of "How: Why How We Do Anything Means Everything." "So these are the crown jewels that these companies are possessing," he said. "They've got to handle them with great care."

How have they done? Google, Facebook, Apple, Yahoo, Microsoft and others have pushed back, asking the feds to let them disclose more details about government demands for information and corporate responses to those demands. But the feds have provided little useful relief.

No question it would be good to get a good accounting. I'd also be interested in knowing what search and social media companies did when the NSA first came calling. The week the NSA news broke, I wrote a blog post wondering whether Silicon Valley companies stood up for our privacy. Did they go to court to fight the orders to turn over data? Did they use their considerable connections in Congress? It would be fair to say the post was critical and assumed the worst.

But now comes news that at least one company in 2008 fought a request made under the law that governs the Prism program. The legal battle was fought secretly and to this day the court hasn't disclosed the name of the company, although The New York Times reported that it was Yahoo.

That is exactly the sort of information that the feds should allow companies to disclose. There is no need to keep the targeted company secret five years later. If they ever doubted it, terrorists now know that investigators monitor U.S. Internet companies; and they know Yahoo is a U.S. Internet company. That Yahoo fought a surveillance order would tell those who mean us harm nothing they don't already know.

But it would tell consumers a lot. For instance, if Yahoo fought the feds prying through Prism and Google didn't (something we can't know for sure) a reasonable consumer might want to shift from Google to Yahoo for search, or from Gmail to Yahoo Mail for correspondence.

At the very least, a reasonable consumer would want to know the track record of the two companies in order to make an informed decision.

Contact Mike Cassidy at mcassidy@mercurynews.com or 408-920-5536. Follow him at Twitter.com/mikecassidy.

Source: http://www.siliconvalley.com/ci_23553774/cassidy-nsa-muzzle-should-be-removed-from-google?source=rss_viewed

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Chanel In China Is Most Sought-After Fashion Brand, According To World Luxury Index

The fashion world can be quite fickle, leaving brands to duke it out for top positions in the market. The latest Roman Empire to fall is Louis Vuitton, left in the dust by Chanel.

According to the World Luxury Index, Chanel is now the most sought-after brand in China. Previously, Louis Vuitton had held the top slot, but Digital Luxury Group, the company that conducted the market research, claims that Chanel's edge in the lucrative beauty industry pushed it ahead. (Louis Vuitton currently has no stake in beauty.)

It's no wonder Chanel is all the rage in China. Aside from hawking some pretty covetable bags and perfumes, the fashion house has been a model for many of its competitors with its emphasis on exclusivity, especially when it comes to China. After the company opened stores in Shanghai last year, Chanel's president of fashion, Bruno Pavlovsky, told CNN: "We try to get the best three boutiques in Shanghai instead of having 10 boutiques."

Are you listening, Louis Vuitton? Perhaps you just need to launch a fragrance and play a little hard to get so that you can get back into China's good graces.

Walking billboards don't hurt either...

  • Jackie Kennedy, 1961

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  • Elizabeth Taylor, 1961

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  • Lee Remick in 'Days Of Wine And Roses,' 1962

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  • Jackie Kennedy, 1963

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  • Grace Kelly, 1963

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  • Barbara Walters, 1965

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  • Catherine Deneuve, Chanel Ad 1970's

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  • Ines de la Fressange, 1986

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  • Linda Evangelista, Chanel Ad 1990's

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  • Claudia Schiffer, 1991

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  • Carla Bruni, 1995

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  • Princess Diana, 1997

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  • Tori Spelling, 2001

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  • Gwyneth Paltrow, 2002

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  • Nicole Kidman, 2004

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  • Rachel Bilson, 2004

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  • Emma Watson, 2007

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  • Madonna, 2008

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  • Penelope Cruz, 2009

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  • Keira Knightley, 2010

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  • Hailee Steinfeld, 2011

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  • Anna Wintour, 2011

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  • Joana Preiss, 2009

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  • Anne Hathaway, 2009

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  • Lily Allen, 2010

    (AP photo)

  • Jessica Jaffe, 2011

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  • Michelle Trachtenberg, 2011

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  • Drew Barrymore, 2011

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  • Uma Thurman, 2011

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  • Gaia Repossi, 2011

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  • Kara Yoshimoto Bua, 2011

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  • Elle Fanning, 2011

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  • Princess Elena of Spain, 2011

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Want more? Be sure to check out HuffPost Style on Twitter, Facebook, Tumblr, Pinterest and Instagram at @HuffPostStyle.

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Source: http://www.huffingtonpost.com/2013/06/27/chanel-in-china-brand_n_3509369.html

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Time is of the essence for reducing the long-term effects of iron deficiency

Time is of the essence for reducing the long-term effects of iron deficiency [ Back to EurekAlert! ] Public release date: 28-Jun-2013
[ | E-mail | Share Share ]

Contact: Becky Lindeman
journal.pediatrics@cchmc.org
513-636-7140
Elsevier Health Sciences

Cincinnati, OH, June 28, 2013 -- Iron deficiency is a worldwide problem, especially in developing countries and among infants and pregnant women. In infancy, iron deficiency is associated with poorer cognitive, motor, and social-emotional outcomes. In a new study scheduled for publication in The Journal of Pediatrics, researchers report on a 25-year follow-up of infants studied in Costa Rica for iron deficiency.

Betsy Lozoff, MD, and colleagues from the University of Michigan, Oakland University, and Instituto de Atencin Peditrica, Costa Rica, completed a 25-year follow-up of 191 infants (12-23 months old) from an urban community near San Jose, Costa Rica. The original analysis compared those with chronic, severe iron deficiency in infancy with those who were iron-sufficient before and/or after iron therapy. All infants with iron deficiency received iron therapy for 3 months. Because iron deficiency likely had lasted for months before it was identified and treated, some infants still had reduced iron status even after iron-deficiency anemia had been corrected.

122 subjects participated in the adult follow-up assessment. On average, the 33 adults who had chronic iron deficiency as infants completed one less year of schooling and were less likely to complete secondary school or pursue further education or training, or get married. Additionally, the chronically iron-deficient group rated their emotional health worse and reported more negative emotions and detachment/dissociation.

Although outcomes were better in those individuals who became iron-sufficient after 3 months of iron therapy, this long-term follow-up shows that individuals with chronic iron deficiency in infancy had poorer adult functions in all domains except for physical health and employment. According to Dr. Lozoff, "This observation suggests that poor long-term outcome, at least for overall functioning, may be prevented if iron treatment is given before iron deficiency becomes chronic and severe." Therefore it is important to prevent iron deficiency, monitor iron status, and initiate treatment as soon as a deficiency is detected.

###


[ Back to EurekAlert! ] [ | E-mail | Share Share ]

?


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


Time is of the essence for reducing the long-term effects of iron deficiency [ Back to EurekAlert! ] Public release date: 28-Jun-2013
[ | E-mail | Share Share ]

Contact: Becky Lindeman
journal.pediatrics@cchmc.org
513-636-7140
Elsevier Health Sciences

Cincinnati, OH, June 28, 2013 -- Iron deficiency is a worldwide problem, especially in developing countries and among infants and pregnant women. In infancy, iron deficiency is associated with poorer cognitive, motor, and social-emotional outcomes. In a new study scheduled for publication in The Journal of Pediatrics, researchers report on a 25-year follow-up of infants studied in Costa Rica for iron deficiency.

Betsy Lozoff, MD, and colleagues from the University of Michigan, Oakland University, and Instituto de Atencin Peditrica, Costa Rica, completed a 25-year follow-up of 191 infants (12-23 months old) from an urban community near San Jose, Costa Rica. The original analysis compared those with chronic, severe iron deficiency in infancy with those who were iron-sufficient before and/or after iron therapy. All infants with iron deficiency received iron therapy for 3 months. Because iron deficiency likely had lasted for months before it was identified and treated, some infants still had reduced iron status even after iron-deficiency anemia had been corrected.

122 subjects participated in the adult follow-up assessment. On average, the 33 adults who had chronic iron deficiency as infants completed one less year of schooling and were less likely to complete secondary school or pursue further education or training, or get married. Additionally, the chronically iron-deficient group rated their emotional health worse and reported more negative emotions and detachment/dissociation.

Although outcomes were better in those individuals who became iron-sufficient after 3 months of iron therapy, this long-term follow-up shows that individuals with chronic iron deficiency in infancy had poorer adult functions in all domains except for physical health and employment. According to Dr. Lozoff, "This observation suggests that poor long-term outcome, at least for overall functioning, may be prevented if iron treatment is given before iron deficiency becomes chronic and severe." Therefore it is important to prevent iron deficiency, monitor iron status, and initiate treatment as soon as a deficiency is detected.

###


[ Back to EurekAlert! ] [ | E-mail | Share Share ]

?


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


Source: http://www.eurekalert.org/pub_releases/2013-06/ehs-tio062513.php

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Friday, June 28, 2013

Feds: Internet influenced Boston bombing suspect

BOSTON (AP) ? What Dzhokhar Tsarnaev needed to learn to make explosives with a pressure cooker was at his fingertips in jihadist files on the Internet, according to a federal indictment accusing him of carrying out the bombings at the Boston Marathon that killed three people and injured dozens more.

Investigators have been trying to determine whether Tsarnaev's older brother, Tamerlan who was killed while the two were on the run after the bombing, was influenced or trained by Islamic militants during a trip overseas. But the indictment released Thursday against 19-year-old Dzhokhar makes no mention of any overseas influence.

Before the attack, according to the indictment, he downloaded the summer 2010 issue of Inspire, an online English-language magazine published by al-Qaida. The issue detailed how to make bombs from pressure cookers, explosive powder extracted from fireworks, and lethal shrapnel.

He also downloaded extremist Muslim literature, including "Defense of the Muslim Lands, the First Obligation After Imam," which advocates "violence designed to terrorize the perceived enemies of Islam," the indictment said. The article was written by the late Abdullah Azzam, whose legacy has inspired terrorist attacks in the Middle East.

Another tract downloaded ? titled "The Slicing Sword, Against the One Who Forms Allegiances With the Disbelievers and Takes Them as Supporters Instead of Allah, His Messenger and the Believers" ? included a foreword by Anwar al-Awlaki, an American propagandist for al-Qaida who was killed in a U.S. drone strike in 2011.

The 30-count indictment provides one of the most detailed public explanations to date of the brothers' alleged motive ? Islamic extremism ? and the role the Internet may have played in influencing them.

"Tamerlan Tsarnaev's justice will be in the next world, but for his brother, accountability will begin right here in the district of Massachusetts," Suffolk District Attorney Daniel Conley, whose jurisdiction includes Boston, said at a news conference with federal prosecutors on Thursday.

The indictment contains the bombing charges, punishable by the death penalty, that were brought in April against Tsarnaev, including use of a weapon of mass destruction to kill. It also contains many new charges covering the slaying of an MIT police officer and the carjacking of a motorist during the getaway attempt that left Tamerlan Tsarnaev dead.

U.S. Attorney Carmen Ortiz of Massachusetts said Attorney General Eric Holder will decide whether to pursue the death penalty against Tsarnaev, who will be arraigned on July 10.

Three people were killed and more than 260 wounded by the two pressure-cooker bombs that went off near the finish line of the marathon on April 15.

Dzhokhar Tsarnaev was captured four days later, hiding in a boat parked in a backyard in Watertown, Mass.

According to the indictment, he scrawled messages on the inside of the vessel that said, among other things, "The U.S. Government is killing our innocent civilians," ''I can't stand to see such evil go unpunished," and "We Muslims are one body, you hurt one you hurt us all."

The Tsarnaev brothers had roots in the turbulent Russian regions of Dagestan and Chechnya, which have become recruiting grounds for Muslim extremists. They had been living in the U.S. about a decade.

There was no mention in the indictment of any larger conspiracy beyond the brothers, and no reference to any direct overseas contacts with extremists. Instead, the indictment suggests the Internet played an important role in the suspects' radicalization.

Tamerlan Tsarnaev spent six months in Dagestan last year, and investigators traveled to the Russian province to talk to the men's parents and try to determine whether he was influenced or trained by local Islamic militants.

Christina DiIorio-Sterling, a spokeswoman for Ortiz, declined to comment on why the indictment did not mention whether authorities believe the elder Tsarnaev received any training during his stay in Russia.

The indictment assembled and confirmed details of the case that have been widely reported over the past two months, and added new pieces of information.

For example, it corroborated reports that Tamerlan Tsarnaev bought 48 mortar shells from a Seabrook, N.H., fireworks store. It also disclosed that he used the Internet to order electronic components that could be used in making bombs.

The papers detail how the brothers then allegedly placed knapsacks containing shrapnel-packed bombs near the finish line of the 26.2-mile race.

The court papers also corroborated reports by authorities that Dzhokhar Tsarnaev contributed to his brother's death by accidentally running him over with a stolen vehicle during a shootout and police chase.

The charges cover the slaying of Massachusetts Institute of Technology police officer Sean Collier, who authorities said was shot in the head at close range in his cruiser by the Tsarnaevs, who tried to take his gun.

In addition, prosecutors said that during the carjacking, the Tsarnaevs forced the motorist to turn over his ATM card and his password, and Dzhokhar withdrew $800 from the man's account.

At the same time the federal indictment was announced, Massachusetts authorities brought a 15-count state indictment against Dzhokhar over the MIT officer's slaying and the police shootout.

___

Tom Hays reported from New York.

Source: http://news.yahoo.com/feds-internet-influenced-boston-bombing-suspect-063522205.html

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Ireland to pay $45M to Catholic laundry workers

DUBLIN (AP) -- Ireland will pay several hundred former residents of Catholic-run Magdalene laundries at least 34.5 million euros ($45 million) to compensate them for their years of unpaid labor and public shame, the government announced Wednesday following a decade-long campaign by former residents of the workhouses.

Justice Minister Alan Shatter apologized to the women ? an estimated 770 survivors out of more than 10,000 who lived in the dozen facilities from 1922 to 1996 ? that it had taken so long for them to receive compensation. The move marked the latest step in a two-decade effort by Ireland to investigate and redress human rights abuses in its Catholic institutions.

Shatter's decision came four months after a government-commissioned probe found that women consigned to the laundries were broadly branded "fallen" women, a euphemism for prostitutes. The investigation found that few actually were, while most instead were victims of poverty, homelessness and dysfunctional families in a state lacking the facilities to care for them.

In remarks to former Magdalenes, some of them in the press-conference audience, Shatter said he hoped they would accept the compensation plans as "a sincere expression of the state's regret for failing you in the past, its recognition of your current needs, and its commitment to respecting your dignity and human rights as full, equal members of our nation."

And in a challenge to the four orders of nuns that ran the workhouses, Shatter called on them to help pay the bill.

The orders ? the Sisters of Mercy, the Sisters of Our Lady of Charity of Refuge, the Sisters of Charity, and the Good Shepherd Sisters ? all issued statements welcoming the payments plan. None offered any pledge to contribute and insisted their staff had done the best they could at the time, given the state's own inability to care for the women.

The nuns noted that they still were providing homes to more than 100 former laundry workers who chose to remain in church care when the last of the laundries closed, while virtually none of the nuns involved in running the workhouses was still alive today.

"We wish we had provided a better and more comprehensive service and shown more empathy, but we were also part of a system that had little comprehension or understanding of how to truly care for these women," said the Good Shepherd Sisters, who ran four laundries in Cork, Limerick, Waterford and Wexford. "We always acted in good faith and many of our sisters dedicated their entire lives to this work."

Shatter said the total cost of payments could reach 58 million euros ($75.5 million) if the maximum number of eligible women worldwide applies. The tax-free payments would range from 11,500 euros ($15,000), for women who spent less than three months working in a laundry, to up to 100,000 euros ($130,000) for those who spent 10 years or more there.

As part of the plans, former Magdalenes also will receive state-funded retirement pensions and free medical care at state-funded facilities.

Activists representing the so-called "Maggies" had demanded justice and state compensation since 2002, when a previous government launched a compensation fund for people abused in Catholic-run orphanages and workhouses for children.

Former Magdalene residents were declared ineligible, as the government contended that the laundries were privately run institutions with negligible state involvement. Taxpayers since have paid more than 1 billion euros ($1.3 billion) to more than 13,000 people who suffered sexual, physical and psychological abuse in the children's residences.

A government-commissioned investigation in February found that the state was legally responsible for overseeing the laundries, too. Prime Minister Enda Kenny offered an official apology for what he called "a cruel, pitiless Ireland" that had abused the women with " untrue and offensive stereotypes."

Investigators trawling through decades of the laundries' residency records found that more than a quarter of women were directly committed to the laundries by public officials, such as judges or truancy officers, and all residents spent their days in menial labor without access to education.

Most did laundry for hotels, hospitals and prisons, while others scrubbed floors or made rosary beads for the church's profit.

The report found that the average length of stay was just seven months, not the lifetime imprisonment commonly depicted in fictional works. It said 14 percent stayed more than five years, and 8 percent more than a decade.

Many hundreds checked into the facilities repeatedly for short periods, reflecting their poverty and the Irish state's inadequate facilities for homeless women. And until the 1970s, judges often ordered women guilty of crimes ranging from shoplifting to infanticide into the laundries rather than Ireland's male-dominated prison system.

The report did dispute depictions in popular culture of physical beatings in the institutions, noting that many Magdalene residents had transferred there as teenagers from Catholic-run industrial schools where such violence was common, and some survivors in their adult recollections failed to distinguish between the two. It found no evidence of such attacks in the nuns' care and, specifically, no complaints of sexual abuse by the nuns.

___

Online:

Ireland's compensation plans, http://bit.ly/19Ce2vt

Magdalene Laundries report, http://www.idcmagdalen.ie/

Source: http://news.yahoo.com/ireland-pay-45m-catholic-laundry-152955390.html

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World stocks gain on hopes Fed stimulus to stay

HONG KONG (AP) ? Global stock markets were mostly higher Thursday after the U.S. said quarterly growth may be weaker than expected, raising investors' hopes that the Federal Reserve would delay plans to wind down its stimulus program.

The U.S. government cut its estimate for second-quarter economic growth to 1.8 percent, down sharply from 2.4 percent because of lower than predicted consumer spending.

While news of the weakness in the world's biggest economy was disappointing, it was also positive for investors, who were rattled last week after Fed Chairman Ben Bernanke said the U.S. central bank would slow its bond-buying program if the U.S. economy continues to strengthen. That program has kept interest rates low and made stocks more attractive.

"This doesn't put a new spin on the outlook but it certainly makes one wonder all the more about the Fed's 'new and improved' outlook for 2014," economists at DBS Bank wrote in a commentary.

European stocks posted slight gains in early trading. Britain's FTSE 100 rose 0.4 percent to 6,187.10. Germany's DAX was marginally higher at 7,943.07. But France's CAC-40 fell 0.1 percent to 3,722.69.

Wall Street looked set for gains, with Dow Jones industrial futures rising 0.1 percent to 14,844. S&P 500 futures gained 0.1 percent to 1,597.80.

In Asia, markets were also buoyed as interbank lending rates in China continue to ease after a pledge earlier in the week by authorities to shore up banks facing cash shortfalls.

"We expect the interbank rates will come down further in the coming weeks," J.P. Morgan analysts Haibin Zhu, Grace Ng and Lu Jiang said in a research report. But they said that they didn't expect the rates to fall to the level they were at previously.

The central bank had allowed rates that banks pay to borrow from each other to soar last week, part of an attempt by Beijing to clamp down on massive credit in the informal lending industry.

Fears of a credit crisis in the world's second-biggest economy had contributed to a rout in global markets that ended when policymakers in China softened their stance with the promise to provide "liquidity support" if needed.

Japan's Nikkei 225 jumped 3 percent to close at 13,213.55 and Hong Kong's Hang Seng gained 0.5 percent to 20,440.08. South Korea's Kospi surged 2.9 percent to 1,834.70. Australia's S&P/ASX 200 added 1.7 percent to 4,811.30.

Benchmark oil for August delivery was up 57 cents to $96.05 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 18 cents to end at $95.50 a barrel on Wednesday.

In currencies, the euro rose to $1.3028 from $1.3012 late Wednesday in New York. The dollar rose to 98.04 yen from 97.74 yen.

Source: http://news.yahoo.com/world-stocks-gain-hopes-fed-stimulus-stay-094119686.html

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Thursday, June 27, 2013

Nvidia delays new game device after finding problem

By Noel Randewich

SAN FRANCISCO (Reuters) - Nvidia Corp is delaying sales of its new handheld game gadget, a setback in the chipmaker's bid to use its appeal with personal computer gamers to challenge console makers like Sony Corp and Microsoft Corp .

On Wednesday, a day before the scheduled launch, Nvidia said it had discovered a "mechanical issue" in the Shield multimedia device, which lets users play Android and PC games using either the built-in screen or on their TVs.

It will be shipped in July.

Nvidia's graphics chips are well-known to enthusiasts in their 20s who deck out desktop computers with high-end components to get the best out of first-person shooters and other games.

The Santa Clara, California company hopes some of those customers will also be drawn to Shield, which uses Nvidia's Tegra 4 mobile chip, has a pop-up retina display, and runs the same games as those on Android tablets and smartphones.

The portable device also shows movies, plays music, stores e-books, and can be used to surf the Web.

As PC sales suffer from the growing popularity of tablets, Nvidia has staked its future on using its PC graphics expertise to make high-performance processors for mobile devices.

Last week Nvidia cut the price of the Shield to $299 from $349.

(Reporting by Noel Randewich; Editing by Richard Chang)

Source: http://news.yahoo.com/nvidia-delays-game-device-finding-problem-204128078.html

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Wednesday, June 26, 2013

Canucks hire fired Rangers coach John Tortorella

FILE - In this May 13, 2013, file photo, New York Rangers head coach John Tortorella, top rear, looks on from behind the bench during the second period of Game 7 first-round NHL Stanley Cup playoff hockey series against the Washington Capitals in Washington. The Vancouver Canucks hired Tortorella to be their new coach on Tuesday, June 25, 2013. Tortorella was recently fired by the Rangers after they lost to the Boston Bruins in the playoffs in five games. (AP Photo/Nick Wass, File)

FILE - In this May 13, 2013, file photo, New York Rangers head coach John Tortorella, top rear, looks on from behind the bench during the second period of Game 7 first-round NHL Stanley Cup playoff hockey series against the Washington Capitals in Washington. The Vancouver Canucks hired Tortorella to be their new coach on Tuesday, June 25, 2013. Tortorella was recently fired by the Rangers after they lost to the Boston Bruins in the playoffs in five games. (AP Photo/Nick Wass, File)

(AP) ? The Vancouver Canucks hired John Tortorella to be their new coach on Tuesday.

Tortorella was recently fired by the New York Rangers after they lost to the Boston Bruins in the playoffs in five games.

The 55-year-old Tortorella replaces former Canucks coach Alain Vigneault, who took over as the Rangers coach last week.

Tortorella has been an NHL coach since 2001. He led the Tampa Bay Lightning to the Stanley Cup championship in 2004.

As coach of the Rangers the past five seasons, Tortorella led New York to the playoffs three times.

"John has coached championship teams and is passionate about winning," Canucks general manager Mike Gillis said in a statement. "He has a proven ability to bring the best out of his players and we believe he has all of the qualities to bring our team success."

Tortorella will be introduced at a news conference later Tuesday.

The Boston native has reached the playoffs eight times and won the Jack Adams Award as NHL coach of the year in 2004. Known for a fiery and often abrasive style, he was let go four days after the Rangers' season ended with a second-round loss to the Bruins.

Tortorella was an assistant with the Rangers in the 1999-2000 season and took over for John Muckler as coach for the final four games. Tortorella later spent seven seasons as coach of the Lightning before taking over the Rangers in February 2009.

Vigneault was let go after the Canucks were eliminated in the first round of the playoffs for the second straight year. He guided the Canucks to a berth in the Stanley Cup final in 2011 and helped the team win two Presidents' trophies and six Northwest Division titles.

Tortorella, the career leader in wins by a U.S.-born coach with 410, served as an assistant for the American team that won silver at the 2010 Vancouver Olympics. He also handled head coaching duties for Team USA at the 2008 world championship and served as an assistant coach at the event in 2005.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2013-06-25-HKN-Canucks-Tortorella/id-2061612f18f94280823cba75c3e7bb66

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Android-First Mobile Messenger Invi Raises $3 Million For Its SMS Replacement App

feature1Invi, a mobile messaging app for Android?which lets users search for and share photos, YouTube videos and more, is today announcing $3 million in seed funding. Investors in the round include?Li Ka-shing?s Horizons Ventures, Ashton Kutcher, Guy Oseary?s A-Grade Investments, Alpha Investment, UpWest Labs, and Silicon Valley angels from Google, Nokia, Yahoo, Groupon, Spotify, SRI, Cisco, Chegg and others.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/XjIgWE0xBL0/

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Baby North West is 'amazing' says Kris Jenner

Celebs

21 hours ago

North is nifty. Kim Kardashian and Kanye West's baby daughter is just over a week old, and according to her doting grandmother, she couldn't be better.

Kardashian matriarch Kris Jenner stopped by TODAY to talk about North West and another "new baby" that's on the way.

"She's amazing," Jenner said of her new granddaughter. "Everybody's doing really well at home. ? The baby's doing great and happy and healthy, and it's a really joyful time."

But that's all she's able to share about the new arrival. When asked for a peek at her cell phone photos, she joked, "I'd have to kill you if I showed you my cell phone."

So it seems fans will have to wait for North's official public debut to get a glimpse. But they won't have to wait long for the next big arrival.

"I'm giving birth to something on July 15," Jenner teased about her upcoming talk show, "Kris." "It's going to be really, really cool. It's more of a lifestyle show -- health and fitness and fashion and food. It's pop culture, obviously, because we're kind of in the middle of all of that. It's straight from the horse's mouth every day."

"Kris" will air weekday mornings on Fox.

Source: http://www.today.com/entertainment/baby-north-west-amazing-says-grandma-kris-jenner-6C10435407

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Tuesday, June 25, 2013

Surprise species at risk from climate change

June 24, 2013 ? Most species at greatest risk from climate change are not currently conservation priorities, according to an International Union for Conservation of Nature (IUCN) study that has introduced a pioneering method to assess the vulnerability of species to climate change.

The paper, published in the journal PLOS ONE, is one of the biggest studies of its kind, assessing all of the world's birds, amphibians and corals. It draws on the work of more than 100 scientists over a period of five years, including Wits PhD student and leader of the study, Wendy Foden.

Up to 83% of birds, 66% of amphibians and 70% of corals that were identified as highly vulnerable to the impacts of climate change are not currently considered threatened with extinction on The IUCN Red List of Threatened Species. They are therefore unlikely to be receiving focused conservation attention, according to the study.

"The findings revealed some alarming surprises," says Foden, who conducted the study while formerly working for the IUCN Global Species' Programme's Climate Change Unit, which she founded six years ago. "We hadn't expected that so many species and areas that were not previously considered to be of concern would emerge as highly vulnerable to climate change. Clearly, if we simply carry on with conservation as usual, without taking climate change into account, we'll fail to help many of the species and areas that need it most."

The study's novel approach looks at the unique biological and ecological characteristics that make species more or less sensitive or adaptable to climate change. Conventional methods have focussed largely on measuring the amount of change to which species are likely to be exposed.

The new approach has already been applied to the species-rich Albertine Rift region of Central and East Africa, identifying those plants and animals that are important for human use and are most likely to decline due to climate change. These include 33 plants that are used as fuel, construction materials, food and medicine, 19 species of freshwater fish that are an important source of food and income and 24 mammals used primarily as a source of food.

"The study has shown that people in the region rely heavily on wild species for their livelihoods, and that this will undoubtedly be disrupted by climate change," says Jamie Carr of IUCN Global Species Programme and lead author of the Albertine Rift study. "This is particularly important for the poorest and most marginalised communities who rely most directly on wild species to meet their basic needs."

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/~3/oMktLx5kFuc/130624075848.htm

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A Secret Society of Cells Runs Your Brain

Your neurons are outnumbered. Many of the cells in your brain ? in your whole nervous system, in fact ? are not neurons, but glia. These busy little cells shape and insulate neural connections, provide vital nutrients for your neurons, regulate many of the automatic processes that keep you alive, and even enable your brain to learn and form memories.

The latest research is revealing that glia are far more active and mysterious than we?d ever suspected. But their journey into the spotlight hasn?t been an easy one.

From set dressing to stardom

Unlike neurons, which earned their starring roles in neuroscience as soon as researchers demonstrated what they did, neuroglia didn?t get much respect until more than a century after their discovery.

Dwight Bergles and his team set out to understand the dynamic behavior of oligodendrocyte progenitor cells in the brain.

Dwight Bergles and his team set out to understand the dynamic behavior of oligodendrocyte progenitor cells in the brain.

The man who first noted the existence of glia ? a French physician named Rene Dutrochet ? didn?t even bother to give them a name when he noticed them in 1824; he just described them as ?globules? that adhered between nerve fibers. In 1856, when the German anatomist Rudolf Virchow examined these ?globules? in more detail, he figured they must be some sort of neural adhesive, which he named neuroglia ? ?nerve glue? in Greek. As publicity campaigns go, it wasn?t the most promising start.

Even worse, as other biologists investigated neuroglia over the next few decades, they started jumping to a variety of conclusions ? not all of them accurate. For example, since glia appeared not to have axons ? the long connective fibers that carry signals from one neuron to the next ? most researchers assumed these cells must act as structural support; essentially serving as a stage on which neurons, the real stars of the show, could play their roles. Some even wondered if glia might not be nerve cells at all, but specially adapted skin cells instead. Though a few scientists did argue that glia also seemed to be crucial for neuron nutrition and healing, it was rare for anyone even to speculate that these cells might actually be involved in neural communication.

That all began to change in the 1960s, when new teams of researchers ? armed with new tools like RNA sequencing and protein analysis ? discovered that glia not only respond to chemical signals from neurons, but can also send out signals of their own, and can even sculpt neural communication by coordinating their efforts. Glia suddenly looked less like set dressing and more like supporting actors.

But glia have really only burst into the neuroscience spotlight in the past five years or so. Recent studies have found that a certain type of glial cell, known as an astrocyte, sends out some of the chemical signals that build up our sense of sleepiness throughout the day ? and that inhibiting these signals can counteract some symptoms of depression. Other studies have found that glia can spark seizures, regulate blood flow in the brain, and gather protectively around damaged neurons. And in 2013, researchers who transplanted human astrocytes into mouse brains found that their modified mice learned more quickly and formed more memories than ordinary mice. Glia, it seems, may be starring players in their own right.

In fact, new discoveries like these have led some scientists to label glia the ?Other Brain? ? and there?s no denying that many of our brains? abilities, from self-repair to intelligence, would be all but impossible without them.

Even so, these latest astrocyte findings spark new questions: What parts do lesser-known types of glia ? oligodendrocytes, microglia and so on ? have to play in our brains? ongoing drama? Could they, too, take on more active roles than we?ve suspected?

A secret cell society

Most brain cells ? glia included ? don?t reproduce by cell division, like, say, blood or skin cells do. Instead, they form from progenitor cells ? certain stem cells that come pre-programmed to develop on queue into mature glia. Many of these progenitors cells are, if anything, even more mysterious than the cells into which they later mature. And nowhere is this clearer than in the case of oligodendrocyte progenitor cells, which seem hardly to resemble their adult forms at all.

 In this time-lapse photo series, an oligodendrocyte precursor cell moves into position near a site of neural injury.

In this time-lapse photo series, an oligodendrocyte precursor cell moves into position near a site of neural injury.

You could think of mature oligodendrocytes as your brain?s electrical contractors: These glial cells sheath your neurons? connective cables in the insulator protein myelin, which keeps synaptic signaling fast and efficient. In their adult form, oligodendrocytes remain sedentary along nerve cables in your brain ? but in their progenitor form, they exhibit a startling variety of behaviors.

For one thing, says Dwight Bergles, professor of neuroscience at the Johns Hopkins University School of Medicine, ?these progenitor cells continue to divide throughout life, making more progenitor cells. And this proliferation of cells seems to be exquisitely controlled ? you don?t have over-production or under-production of progenitor cells; their number stays fairly constant.?

Bergles was intrigued by the persistent cycling of these progenitors, so he and his team determined to study the behavior of individual oligodendrocyte progenitors in living brains. The researchers set to work engineering mice in which just these cells make a green fluorescent protein, aiming to track their behavior on shorter timescales than ever before. What they discovered surprised them as much as anyone.

Oligodendrocyte progenitors, the team observed, never sit still ? they move and jostle each other all over your brain in a ceaseless semi-random parade. So when a progenitor dies or matures into an oligodendrocyte, another one?s instantly formed on the spot. ?This is very unusual,? Bergles says, ?because with neurons, with astroglia or even with adult oligodendrocytes, those types of cells would be in the same positions from one week to the next; they?re very static.?

Oligodendrocyte progenitor cells, on the other hand, are constantly on the move; reorienting their processes, traveling throughout the surrounding tissue, dividing, dying and differentiating. But. these cells aren?t just jostling around at random; they?re coordinating a delicate dance of complex interactions.

?The cells are constantly extending and adjusting their own networks of little filopodia ? feelers that enable them to sense their local environment,? Bergles says. Whereas other types of brain cells ? neurons, for example ? use small clusters of filopodia to steer their growth and connectivity at certain times, progenitor cells are covered in them. ?The whole cell is almost like a neuron?s growth cone, sniffing around its environment and looking for changes,? Bergles says. ?It?s constantly reaching out, essentially asking its neighbors, ?Are you there? What about you ? are you there???

Those are important questions to for a progenitor cell to ask, because Bergles and his team also found that every progenitor cell occupies and defends its own personal territory, even as it travels throughout the brain.

?Each time a progenitor cell reaches out and touches a neighbor, both cells pull back their filopodia and try growing in other directions,? Bergles explains. ?But if one of these cells dies or develops into a mature oligodendrocyte, that creates a void in the tissue, which allows one of the neighboring cells to grow into that void and expand its territory.? This ?conquer and divide? system, Bergles realized, is the mechanism that enables oligodendrocyte precursors to maintain their constant numbers over time. In other words, he says, ?It allows the loss of these cells to be directly coupled to their replacement.?

But progenitor cells do more than just maintain the boundaries of their own domains. They?re also active trauma technicians that can leap into action in response to brain injuries. Previous research has found that certain types of glial cells migrate to sites of nerve trauma and form what?s known as a glial ?scar? ? not quite the same as a skin scar, but similar in function. Thus, Bergles and his team caused some minor nerve damage in the brains of living (but sedated) mice, and tracked the behavior of individual precursor cells in response.

?Not only did our progenitor cells reorient themselves and move toward a local injury,? Bergles says; ?they also surrounded the injury in the same way that other glial cells, like microglia and astrocytes, do. What?s more, these progenitors matured into something quite distinct from oligodendrocytes ? a special type of scar-forming cell. As of right now, no one?s sure what chemical signals trigger this alternate maturation ? but it does seem to call the name of ?oligodendrocyte progenitor? into question: These cells may be progenitors, but not only for oligodendrocytes.

As if these revelations weren?t intriguing enough, though, Bergles and his team also discovered another secret about progenitor cells: They actively communicate with neurons through chemical synapses, the main mode of communication used for communication between neurons.

So how much influence might this network of proactive glia have on our thoughts, memories and personalities? And does this ?Other Brain? of ours really qualify as a brain all its own?

Sculptors of thought

?It doesn?t matter where in the brain you look; you can find synapses onto oligodendrocyte progenitor cells,? Bergles says. In fact, he was one of the first scientists to observe synaptic connections between neurons and oligodendrocyte precursors, way back in his postdoctoral research days. Many other labs have since replicated those early findings, and have also found that other glial cells ? like astrocytes and microglia ? can respond to neurotransmitters; although, among glial cells, direct synapses appear to be reserved for oligodendrocyte progenitors.

?Almost all glial cells express receptors for the same neurotransmitters that are sensed by neurons,? Bergles explains. ?They have receptors for glutamate, for GABA, for neuromodulators like norepinephrine, and for a variety of other neurotransmitter molecules ? so it?s pretty clear that they?re listening in on some of the same chemical signals that neurons use for signaling back and forth.? But unlike neurons, glial cells use this information for purposes we?re only beginning to understand.

As an oligodendrocyte progenitor cell divides, each new progenitor explores its environment with filopodia, orienting itself around its neighbors.

As an oligodendrocyte progenitor cell divides, each new progenitor explores its environment with filopodia, orienting itself around its neighbors.

It?s clear, for one thing, that neural communication exerts a profound influence on the behavior of many types of glial cells. ?If you block synaptic connectivity between neurons and glia during the process of brain development,? Bergles says, ?you can really retard the ability of the glia to proliferate and differentiate.? That raises an obvious question: How much does neural communication depend on the support of glia?

Neurodegenerative diseases provide some glimpses of answers. ?In disorders like amyotrophic lateral sclerosis (Lou Gehrig?s disease) and multiple sclerosis, we?re realizing that neurodegeneration happens as a consequence of damage to oligodendrocytes,? Bergles says. ?If there aren?t any oligodendrocytes to provide essential support to neurons, the neurons will wither and die.? Other recent studies have found that astrocytes regulate the supply of glucose and oxygen that?s funneled to neurons, and even actively control the process of breathing.

Physical necessities aside, though, how much might glia actually shape our minds? Again, the latest research offers some tantalizing hints. Astrocytes in particular appear to play central roles in memory formation ? in fact, one team of researchers implanted human astrocytes into mice, creating mice with super-fast learning abilities and ultra-powerful memories. Discoveries like these seem to indicate that astrocytes are every bit as crucial for human intelligence ? and possibly even consciousness itself ? as neurons are.

Meanwhile, other types of glia ? oligodendrocyte progenitors included ? are still awaiting their moment in the spotlight. ?I think we?ll begin to see more experiments on these cells? interactions with neurons being performed over the next few years,? Bergles says. The truths those experiments reveal are likely to continue reshaping our understanding of glial cells? roles in sculpting our brains ? just as the process of understanding itself resculpts our neural connections.

Images: Dwight Bergles

Source: http://www.scientificamerican.com/blog/post.cfm?id=a-secret-society-of-cells-runs-your-brain

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AOL Reader beta officially available for your RSS-perusing needs (hands-on)

AOL Reader beta officially available for your RSSperusing needs handson

Wondering how AOL's RSS client will rank as a Google Reader replacement? Today's the day we find out, as the access doors to the AOL Reader beta have officially swung open. Feedly's been killing it for some weeks, and Digg's freemium setup is two days away -- but we couldn't resist getting an early taste of what our parent company (Disclaimer alert!) is cooking. Join us past the break where we've spilled all the details about this latest entrant in the field of feed readers.

Filed under: ,

Comments

Source: http://www.engadget.com/2013/06/24/aol-reader-hands-on/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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Monday, June 24, 2013

Snowden pardon petition passes 100,000 signatures

(AP) ? A petition asking President Barack Obama to pardon admitted state secret leaker Edward Snowden has passed 100,000 signatures.

The petition posted on Whitehouse.gov calls the former National Security Agency contractor a "national hero." It says he should immediately be pardoned for any crimes in "blowing the whistle" on classified government programs to collect phone records and online data.

White House policy is to respond to any petition that gets 100,000 signatures within 30 days. The Snowden petition crossed the threshold in two weeks.

The White House wouldn't say when its response will come. But it routinely declines to comment on petitions regarding law enforcement matters, including pardon requests. And the ultimate answer is the administration's pursuit of Snowden on espionage charges.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-06-24-Snowden%20Petition/id-4a78870b5b104782add895e0e4153bbd

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Vodafone launches bid for Kabel Deutschland

LONDON (AP) ? Britain's Vodafone PLC has launched a takeover bid for Germany's biggest cable operator, Kabel Deutschland, as part of its push to dominate media services in its biggest market.

Vodafone, a British cellphone company with wide international interests, confirmed Monday it will offer 87 euros per share for Kabel Deutschland. The deal values the German company at 7.7 billion euros ($10.2 billion), but when including 3 billion euros in net debt, the total value is 10.7 billion euros.

Vodafone Group Chief Executive Vittorio Colao said the combination comes amid growth in German demand for fast broadband and data services.

"The combination of Vodafone Germany and Kabel Deutschland will greatly enhance our offerings in response to those needs and is consistent with Vodafone's broader strategy of providing unified communications services."

Kabel Deutschland Holding AG, which has more than 8 million customers, said that its management and supervisory boards "welcome this announcement."

Kabel Deutschland shares were up 1.7 percent in midday Frankfurt trading at 85.52 euros.

Vodafone made a preliminary approach to Kabel Deutschland earlier this month. That was followed by a preliminary takeover proposal from U.S. rival Liberty Global.

Though the reaction of the markets appeared to suggest the price was in line with expectations, analysts like Keith Bowman offered a note of caution, wary of Vodafone's track record on mergers. In 2000, the company took over Mannesmann AG in a stock-swap deal valued at $180 billion ? at the time, the largest corporate merger ever ? a price many analysts believed overvauled the German company.

"Vodafone's European acquisition track record is not great, still marred somewhat by its previous over payment for Germany's Mannesmann, whilst rival cable group Liberty Global could still look to bid for Kabel," Bowman said in a statement that followed the announcement.

Bowman also noted that another element of uncertainty comes from Vodafone's tussle with Verizon Communications Inc., the New York-based company. Vodafone and Verizon together own Verizon Wireless, the largest cellphone carrier in the U.S. and a very profitable operation.

Verizon Wireless once had a policy of using its cash to pay down debt ? a policy that ended only in January. Analysts saw that debt reduction strategy as a way to squeeze Vodafone and persuade it to sell its 45 percent stake.

New York-based Verizon Communications owns the other 55 percent of Verizon Wireless and controls its operations.

"The deal comes at a time when the exact future of its US Verizon business is still up in the air," Bowman said, adding that economic "prospects for Europe continue to remain challenging."

Ronald Klingebiel, a Warwick University professor who has consulted for the telecoms industry, said mobile companies like Vodafone increasingly pursue "multi-play strategies," to give customers broadband, fixed and mobile telephone lines and television.

But he said that Vodafone may have approached Kabel Deutschland because its present systems, which rely on Deutsche Telekom's fixed-line system are running at capacity.

"Deutsche Telekom is struggling to upgrade its network with vectoring technology, something that will increase its control over competitive data traffic," he said. "This may have convinced the Vodafone leadership to buy into Kabel Deutschland, a high-capacity cable-network provider, whom they had already approached at other times without concluding a deal."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2013-06-24-Germany-Kabel%20Deutschland-Vodafone/id-d37ade8345984e02bf470538aec586b9

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NY governor to request federal probe of Long Island utility

NEW YORK (Reuters) - New York Governor Andrew Cuomo said on Sunday he will ask federal prosecutors to review a report that found "breathtaking waste and inefficiency" in the state-owned Long Island Power Authority's dealings with a private consulting firm.

A scathing New York commission report released on Saturday found questionable billing practices and a troubling "revolving door" relationship between the state-owned utility and Navigant Consulting Inc, which may have been a breach of state ethics laws.

Cuomo said the state would refer its investigation to federal prosecutors.

Last week, New York approved legislation to mostly dismantle the utility, known as LIPA, which was criticized for an inept response to Superstorm Sandy last October, when more than 90 percent of the 1.1 million LIPA customers on Long Island were left without power, some for more than two weeks.

Public Service Enterprise Group Inc, a private utility in neighboring New Jersey, will take over management of LIPA's operations and LIPA will in effect be reduced to a holding company.

"The findings released today raise a series of questions regarding LIPA's management of a consulting contract that passed unexplainable costs to ratepayers and involved exorbitant expenditures that appear to have nothing to do with providing power to Long Island residents," Cuomo said in a statement.

Navigant could not immediately be reached for comment.

The commission found "breathtaking waste and inefficiency" in LIPA's operations and said the utility was "woefully unprepared" to manage the threat posed by major storms.

The report also noted that, despite LIPA's limited charge - it contracted NationalGrid to carry out its day-to-day operations - LIPA paid for a wide range of high-priced legal and engineering consultants, but failed to monitor billing, including unusually high hourly rates and billable hours.

In one case, a Navigant consultant charged LIPA for a trip from Washington, D.C., to Puerto Rico, and for a seaplane flight from San Juan to the remote resort island. No explanation for the trip was provided, the commission found.

The practice of employees from LIPA and Navigant going to work for the other also raised questions, the report said.

For example, LIPA's former chief operating officer and acting chief executive officer, Michael Hervey, joined Navigant one month after leaving the utility in late 2012, and now serves as Navigant's energy consultant director.

"This revolving door is particularly problematic since LIPA lacked any central controls for reviewing consultant/contractor charges and protecting against conflict of interests or appearances of impropriety," the commission wrote.

(Reporting By Edith Honan; Editing by Barbara Goldberg)

Source: http://news.yahoo.com/ny-governor-request-federal-probe-long-island-utility-155443955.html

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