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Tuesday, April 30, 2013
Deep, detailed image of distant universe
Apr. 30, 2013 ? Staring at a small patch of sky for more than 50 hours with the ultra-sensitive Karl G. Jansky Very Large Array (VLA), astronomers have for the first time identified discrete sources that account for nearly all the radio waves coming from distant galaxies. They found that about 63 percent of the background radio emission comes from galaxies with gorging black holes at their cores and the remaining 37 percent comes from galaxies that are rapidly forming stars.
"The sensitivity and resolution of the VLA, following its decade-long upgrade, made it possible to identify the specific objects responsible for nearly all of the radio background emission coming from beyond our own Milky Way Galaxy," said Jim Condon, of the National Radio Astronomy Observatory (NRAO). "Before we had this capability, we could not detect the numerous faint sources that produce much of the background emission," he added.
Previous studies had measured the amount of radio emission coming from the distant Universe, but had not been capable of attributing all the radio waves to specific objects. In earlier observations, emission from two or more faint objects often was blurred or blended into what appeared to be a single, stronger source of radio waves.
"Advancing technology has revealed more and more of the Universe to us over the past few decades, and our study shows individual objects that account for about 96 percent of the background radio emission coming from the distant Universe," Condon said. "The VLA now is a million times more sensitive than the radio telescopes that made landmark surveys of the sky in the 1960s," he added.
In February and March of 2012, Condon and his colleagues studied a region of sky that previously had been observed by the original, pre-upgrade, VLA, and by the Spitzer space telescope, which observes infrared light. They carefully analyzed and processed their data, then produced an image that showed the individual, radio-emitting objects within their field of view.
Their field of view, in the constellation Draco, encompassed about one-millionth of the whole sky. In that region, they identified about 2,000 discrete radio-emitting objects. That would indicate, the scientists said, that there are about 2 billion such objects in the whole sky. These are the objects that account for 96 percent of the background radio emission. However, the researchers pointed out, the remaining 4 percent of the radio emission could be coming from as many as 100 billion very faint objects.
Further analysis allowed the scientists to determine which of the objects are galaxies containing massive central black holes that are actively consuming surrounding material and which are galaxies undergoing rapid bursts of star formation. Their results indicate that, as previously proposed, the two types of galaxies evolved at the same rate in the early Universe.
"What radio astronomers have accomplished over the past few decades is analogous to advancing from the early Greek maps of the world that showed only the Mediterranean basin to the maps of today that show the whole world in exquisite detail," Condon said.
Condon worked with William Cotton, Edward Fomalont, Kenneth Kellermann, and Rick Perley of NRAO; Neal Miller of the University of Maryland; and Douglas Scott, Tessa Vernstrom, and Jasper Wall of the University of British Columbia. The researchers published their work in the Astrophysical Journal.
The National Radio Astronomy Observatory is a facility of the National Science Foundation, operated under cooperative agreement by Associated Universities, Inc.
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Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/~3/mTyk6s_jXfw/130430105948.htm
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Japan's SoftBank says no need to improve Sprint offer
By Mari Saito
TOKYO (Reuters) - SoftBank Corp said there is no need to improve its $20.1 billion bid for 70 percent of U.S. wireless carrier Sprint Nextel Corp, which has been challenged by a counter-offer from Dish Network Corp.
SoftBank's billionaire founder and top executive Masayoshi Son, who had been tight-lipped on Dish's $25.5 billion bid for Sprint since it emerged this month, told a briefing on SoftBank's latest earnings it was not possible to make an apples-to-apples comparison of the two bids.
Asked if he was considering altering the terms of his offer, Son replied: "There is absolutely no need for that since we believe our offer is above theirs."
Son will brief the media about the deal from 5 p.m. (0800 GMT) in Tokyo.
SoftBank reported a record 745 billion yen ($7.59 billion)operating profit for the year ended on March 31, up 10 percent from the previous year, and Son forecast a further rise this year to between 800 billion and 900 billion yen.
The Japanese mobile operator announced its deal for Sprint last October as it looks for growth abroad. The company faces a stagnating market at home, crowded by large competitors such as NTT DoCoMo Inc and KDDI Corp.
Son said U.S. regulatory review of the deal was on schedule and reiterated that the offer was on track to close by July 1.
The Japanese company received support for the deal from Intel Corp Chief Executive Paul Otellini, who wrote to the Federal Communications Commission saying Son's vision to build a high-speed U.S. national network was compelling.
"We need this competition in the wireless space as the ATT/Verizon model is not giving that to consumers at this time," Otellini said.
U.S. satellite TV provider Dish has offered $25.5 billion for Sprint, aiming to tap the company's wireless network to offer services that would let U.S. consumers watch video anywhere, anytime.
Sprint said on Monday that SoftBank has waived some terms of their agreement so that Sprint can seek more information from Dish.
Analysts and sources say Son is unlikely to walk away from Sprint, with SoftBank's lenders open to providing additional financing if the company decides to raise its bid.
Sprint has set June 12 as the tentative date for a special meeting for shareholders to vote on the proposed deal with SoftBank.
SoftBank's shares ended 1.2 percent higher on Tuesday, before Son's comments, compared with a 0.2 percent dip in Tokyo's benchmark Nikkei average. Although the shares lost nearly one-fourth of their value in the two days after the Sprint deal was announced, they have since rebounded and are up 67 percent since that time, in line with the Nikkei's 62 percent surge.
($1 = 98.1500 Japanese yen)
(Editing by Edmund Klamann)
Source: http://news.yahoo.com/japans-softbank-brief-sprint-deal-gets-intel-ceos-055103439.html
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F. Scott Fitzgerald's handwritten ledger online
In this Tuesday, March 26, 2013 photo, Elizabeth Sudduth, director of the Ernest F. Hollings Library and Rare Books Collection at the University of South Carolina, points at items in a ledger owned by author F. Scott Fitzgerald, in Columbia, S.C. The university has digitized the ledger and put it online for scholars. (AP Photo/Jeffrey Collins)
In this Tuesday, March 26, 2013 photo, Elizabeth Sudduth, director of the Ernest F. Hollings Library and Rare Books Collection at the University of South Carolina, points at items in a ledger owned by author F. Scott Fitzgerald, in Columbia, S.C. The university has digitized the ledger and put it online for scholars. (AP Photo/Jeffrey Collins)
In this Tuesday, March 26, 2013 photo, Elizabeth Sudduth, director of the Ernest F. Hollings Library and Rare Books Collection at the University of South Carolina, talks about a ledger owned by author F. Scott Fitzgerald, in Columbia, S.C. The university has digitized the ledger and put it online for scholars. (AP Photo/Jeffrey Collins)
COLUMBIA, S.C. (AP) ? An intriguing peek into the daily scribbles and life of author F. Scott Fitzgerald is now available online, just weeks before the opening of the movie "The Great Gatsby."
Researchers from the University of South Carolina's Thomas Cooper Library put a digital version of the famed author's handwritten financial ledger on their website last week, making it available for the first time for all readers, students and scholars.
"This is a record of everything Fitzgerald wrote, and what he did with it, in his own hand," said Elizabeth Sudduth, director of the Ernest F. Hollings Library and Rare Books Collection.
During a recent visit to the library's below-ground rare-book vault, Sudduth took the original 200-page book out of its clamshell protective cover. The ledger's yellowed pages ? with Fitzgerald's elegant, measured cursive strokes ? are a throwback to life before computer spreadsheets. The ledger shows Fitzgerald's tally of earnings from his works, the most famous of which is the novel "The Great Gatsby." The ledger lists his many short stories, books, and adaptations for stage and screen.
With the May 10 release of a new "Gatsby" movie starring Leonardo DiCaprio, Sudduth says library officials expect an upswing in interest in its Fitzgerald collection. The ledger will be on display at the library for about a month starting May 6, Sudduth said.
The library's Fitzgerald collection is considered the world's most comprehensive, with more than 3,000 publications, manuscripts, letters, book editions, screenplays and memorabilia. It also includes Fitzgerald's walking stick, briefcase and an engraved silver flask his wife gave him in 1918.
Some parts of the collection already are online. With the ledger's move to the website and the timing of the movie, Sudduth said, officials hope to call more attention to the collection.
In the ledger, Fitzgerald lists in carefully laid out columns his various pieces of writing, the location they were printed, and the income they produced. Fitzgerald's comments are sprinkled throughout. One describes the year 1919 ? when his first novel was accepted for publication and Zelda Sayre agreed to marry him, as ? "The most important year of life. Every emotion and my life work decided. Miserable and ecstatic but a great success."
By the time Fitzgerald started the ledger, Sudduth said, "he probably knew what he was doing. He left a space for his remarks, and then the final disposition."
With a laugh, she noted: "We know he didn't spell very well. And his arithmetic wasn't much better,"
But the overall document, she said, "shows that he was far more on top of his affairs than people thought," given a reputation in later life as a heavy drinker.
"He was keeping a record of his work for the future," Suddeth said. "He kept it, he updated it."
For the past 30 years, researchers have had to rely on a limited print facsimile of the ledger, which didn't catch the varied inks and scripts in Fitzgerald's hand.
Park Bucker, a USC associate English professor, said he's excited to discuss the new ledger with his students.
"It may be a unique artifact among American authors," Bucker said. "This is going to be an amazing thing for students to pore over and dip into. He created his own database. We do it on computers now, but he did it for himself,"
Bucker also said students are fascinated by seeing something a well-known author penned in his own hand.
"Students always remark how much they love his handwriting," he said. "They think his handwriting is just beautiful, and handwriting isn't valued today."
Bucker pointed out that the ledger shows Fitzgerald made most of his income from short stories and that he was able to earn a living from his literary work. "It was the rarest of things, an author who made a living," Bucker said.
In 1925, the ledger shows Fitzgerald earned less than $2,000 for the "Gatsby" book ? the same amount he received for a single short story published in The Saturday Evening Post.
In later years, Fitzgerald added more earnings from "The Great Gatsby." He sold the foreign motion picture rights for $16,666, as noted in the ledger. In another section, he lists about $5,000 in earnings from "Gatsby" when it ran as a play in New York, Chicago and elsewhere.
USC Professor Matthew Bruccoli began to acquire items for the Fitzgerald collection in the 1950s. He received some, including the ledger, from the author's only child, daughter Frances Scott Fitzgerald, also known as Scottie. Bruccoli wanted the collection to be used as a teaching and research tool, and he gave it to the university in 1994.
Bruccoli has since died, but the collection has continued to grow. It is now is valued at more than $4 million, Sudduth said.
____
The ledger online:
http://library.sc.edu/digital/collections/fitzledger.html
___
Susanne M. Schafer can be reached on Twitter at http://twitter.com/susannemarieap
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Monday, April 29, 2013
Specialized Turbo e-bike reaches the US, offers a speed boost for $5,900
When Specialized's Turbo e-bike launched last year, it was almost too fast for its own good when it couldn't legally be sold in Europe and the US. The American riders, at least, won't be held back now that the Turbo is on sale in their country. The US version costs an eye-watering $5,900, but it can reach the same 27.9MPH peak speed through its combination of pedal power and the 250W of typical output from the electric motor. With that kind of performance, it could almost pay for itself -- who wouldn't want to blow past rush hour traffic in the bike lane?
Filed under: Transportation
Source: Specialized
Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/rIqUaAQXjvw/
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What's in the Internet videos posted by Tamerlan Tsarnaev?
The videos do not show ties to any specific group, but do hint at a deeper yearning in the alleged Boston Marathon bomber for a heroic jihadi persona.
Among the videos?Tamerlan Tsarnaev?apparently posted on YouTube is a one-minute and 39-second clip of a chameleon on a tabletop, described by a tagline in Russian as ?one of the signs of Allah.?
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As an Islamic supplication to God is sung in Arabic, hands place different pairs of sunglasses beside the chameleon to make it change color. ?There is no God but you, and we have not worshiped you as we should!? The chameleon turns pink. ?Praise to God, alone in your sovereignty!? It turns aquamarine.
It?s unclear what drove Mr. Tsarnaev allegedly to bomb the Boston marathon with his younger brother, Dzhokhar, and it?s too late to ask him; he was killed in a shootout with police. But investigators hope his Internet habits might shed light on who he was ? and who he became.
The YouTube channel under his name is a puzzle. Popular songs in Russian and dance-trance music are interspersed with videos about Chechnya ? where his family origins lie ? Islam, and the concept of?jihad?as Islamic holy war. But rather than indicate direct links to a specific group, the videos seem to hint at a deeper yearning for a heroic?jihadi?persona.
That would fit with reports that the Tsarnaevs followed the teachings of Anwar al-Awlaki, an American Al Qaeda propagandist who was killed in Yemen by a US drone strike in 2011, say analysts. Mr. Awlaki specialized in simple rhetoric and avoided ideological hair-splitting to focus on armed struggle.
Jihadi crooner
Tamerlan Tsarnaev grew up in Kyrgyzstan and the Russian?republic?of Dagestan. But the family feared the repercussions of fighting in neighboring Chechnya and moved to the US, seeking asylum. Tamerlan arrived in 2004.?He was reportedly unhappy in the US and recently became more religious.
Nothing indicates the marathon bombing was linked to Chechnya?s?jihad-tinged campaign for independence. But interest in Chechnya may have?exposed?Tsarnaev to jihadist thinking, says Dr. Gary Bunt, a specialist in online Islam at the University of Wales Trinity Saint David.
?Chechen Islamic radical groups have always had a strong presence online,? he says. ?I?m not suggesting that?s part of the cause. But radical language and ideas could have been engendered by looking at some of that content.?
The YouTube channel suggests that kind of cross-pollination. One video is a song about jihad by Timur Mucuraev, a popular Chechen singer. Two videos posted under the heading ?Terrorism? have been removed ? it?s not clear by whom ? but according to The Washington Post they concerned a Dagestani?jihadi?named Gadzhimurad Dolgatov who was killed in December.
English and Russian videos?
Tamerlan?s Internet surfing apparently went beyond Chechnya. The YouTube channel has Russian and English-language videos, plus a few in Arabic with Russian subtitles, that address questions of Islamic piety from a conservative perspective.
One video condemns Sufism, or Islamic mysticism. Another trumpets female modesty. As a slideshow plays of women in gowns and face-veils, a man?s voice speaking English with an American accent gives context:
?Woman in the street look in the mirror, she looking to be sure she has the best style, she looks good, she can attract a man,? the voice says. But a Muslim woman uses the mirror to ?make sure she?s dressed appropriately ? that she?s covered to please Allah [the glorious and exalted].?
Then there?s Sheikh Feiz?Muhammad, an Australian preacher. In a video elsewhere on the net he attacks Harry Potter. In this one he lectures an audience on the importance of following not only the Quran, but the?sunnah, or personal example of the prophet Mohamed.
Those who disregard the?sunnah??are not Muslims, even though they claim to be Muslims,? he warns. His argument is the kind of argument often used by extremists to justify attacks in Muslim countries. For most Muslims, by contrast, questioning another?s faith is strictly forbidden.
Sheikh Feiz?s video appears under the heading ?Likes.? So does ?The Ultimate Muhamed Al-Luhaidan Video,? which shows men praying in a mosque while English text cites the Battle of Uhud in 625 AD to illustrate the value of martyrdom.?The prophet Mohammed led his followers from Mecca, his home city, to Medina. But a Meccan army?pursued them there?and nearly wiped them out ? a test of their faith, says the video.
?Think not of those killed in the way of Allah as dead. Nay, they are alive, with their Lord, and they have provision,"?say?the video captions.
Similarly, the English language-video ?The Emergence of Prophecy: the Black flags from Khorasan? depicts a prophetic tradition of an unstoppable Muslim army surging out of central Asia.
?The prophet said, ?When you see the black flags coming from the direction of Khorasan, you will join their army?,? begins the narration, to scenes of horsemen pounding over desert. Next the men are holding AK-47?s over their heads as they ford a stream. ?That army has already started its march.?
Awlaki's discourse
Those scenes of struggle and solidarity align with Awlaki?s discourse, say analysts. As a recruiter for Al Qaeda, his goal was broad appeal. And as a native English-speaker, he was well-suited to reaching a global audience.
Awlaki ?didn?t focus on the sectarian dimension of belief,? says Rashad Ali, a researcher with CENTRI, a counter-terrorism consultancy in London, and former member of the international Islamist group Hizb ut-Tahrir. ?Rather, he sought a middle ground to frame his ideology without drawing attention to the heresy presented by terrorism, which goes against tradition.?
Awlaki?influenced?Maj. Nidal Hasan, a US Army officer who shot dead 13 fellow soldiers at Fort Hood, in Texas, in 2009. Faisal Shahzad, who tried to set off a car bomb in New York?s Times Square in 2010, also cited Awlaki as an inspiration. ?
Awlaki?s message apparently reached the Tsarnaevs, too. Dzhokhar told FBI investigators they were influenced by?his teachings?and learned to make pressure-cooker bombs from?Inspire, an Al Qaeda magazine Awlaki was involved with, according to ABC News.
?His material, his sermons, are still obtainable online,? says Dr. Bunt. ?The same is true of?Inspire?magazine.?
Trance and dance
The YouTube channel could offer a glimpse into Tsarnaev?s state of?mind. But it also presents oddities, incongruencies, and unanswered questions.
Alongside Timur Mucuraev?s song about?jihad?are ?Vocal Trance Pure Essence V. 13? and ?Trance and Dance Mix 2012.? There are also two goofy songs by Russian singer Vasya Oblomov; one video shows him drinking vodka, the other shows Russian police in awkward situations.
So far everything suggests the Tsarnaevs acted alone. But while ideas and information can be found online, most?jihadis??have some sort of guidance, be it tactical, organizational, or simply moral support,? says Mr. Ali, citing his own observations and the 2011 book ?The Al Qaeda Factor.?
The YouTube channel was created last August, and only 15?different?videos appear to have been uploaded and seven ?liked.? But why an aspiring bomber might have left even a few digital footprints is a mystery.
Moreover, ?if he only started this account last year, he must have been active online before then,? says Bunt. ?If there?s a digital footprint out there it?s going to be on laptops and servers.?
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Officials: No sign 'Misha' tied to Boston bombing (The Arizona Republic)
Mystery clouds deadly clash in western China with 'suspected terrorists'
Some say that Beijing deliberately exaggerates the terrorist threat in order to justify the iron grip it keeps on the Muslim majority province of Xinjiang in?western China.
A woman looks up as a dust storm hits Kashgar, Xinjiang Uighur Autonomous Region, last week. Xinjiang, once a predominantly Muslim province in China's far west, has seen massive settlement by ethnic Han immigrants in recent decades.
Reuters
EnlargeMystery surrounds official Chinese reports Wednesday of a violent clash between ?suspected terrorists? and the authorities in the restive Muslim province of Xinjiang yesterday that left 21 people dead, including 15 officials.
Skip to next paragraph Peter FordBeijing Bureau Chief
Peter Ford is The Christian Science Monitor?s Beijing Bureau Chief. He covers news and features throughout China and also makes reporting trips to Japan and the Korean peninsula.
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According to a statement on the provincial government website, a group ?planning to conduct violent terrorist activities? armed with knives seized three local officials who had surprised them in a house near the city of Kashgar (see map).
They then killed the three hostages and 12 of the policemen and local community workers who came to the rescue, setting fire to the house before armed police regained control of the situation, killing six of the suspects and arresting eight of them, the statement said.
The Chinese authorities have given only sketchy details of the incident, and have not accused any particular group of responsibility. Beijing has previously blamed Islamist separatists for earlier violent attacks on officials.
Xinjiang, once a predominantly Muslim province in China?s far west, has seen massive settlement by ethnic Han immigrants in recent decades. Local people complain that their culture and language are being eroded and that Han now outnumber original inhabitants, who are ethnic Uighurs, with linguistic and cultural ties to central Asian peoples.
Violence flares sporadically, despite a stiflingly heavy handed police and army presence. In 2009 almost 200 people were killed ? mostly ethnic Han ? in deadly rioting in the provincial capital of Urumqi. Last month the government announced that courts in Xinjiang had sentenced 20 men to prison terms as long as life for plotting jihadi attacks.
The men ?had their thoughts poisoned by religious extremism,? according to the Xinjiang provincial website, and had ?spread Muslim religious propaganda.?
Determining the truth behind such allegations, and incidents such as Tuesday?s clash,?is difficult. Chinese media are not allowed to carry reports other than those by the state-run news agency Xinhua and foreign reporters have found themselves restricted and harassed when trying to work in Xinjiang.
A leading Uighur activist, Dilxat Raxit, who lives in Germany, questioned the official account, telling the AP that local residents had reported that the police sparked the incident by shooting a Uighur youth during a house search.
It was not clear how the suspects, armed only with knives, had managed to kill 15 policemen and local officials before they were subdued.
China has often accused a shadowy group known as the East Turkestan Islamic Movement of being behind violence in Xinjiang, but foreign observers are dubious, with some saying that Beijing deliberately exaggerates the terrorist threat in order to justify the iron grip it keeps on Xinjiang.
The US State Department put the group on its terrorist watch list in 2002, but has since removed it amid doubts about whether the group is a real organization.?
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Sunday, April 28, 2013
Las Vegas hospital to be disciplined for 'patient dumping'
By Ronnie Cohen
SAN FRANCISCO (Reuters) - Federal authorities have taken disciplinary action against a Las Vegas hospital cited for improperly sending newly released psychiatric patients by bus to neighboring California and other states in a practice called "patient dumping."
The Rawson Neal Psychiatric Hospital was warned that it was in violation of Medicare rules governing the discharge of patients and could lose critical funding under the federal healthcare insurance program if it failed to correct the problem.
The notice came in a letter on Friday from the Centers for Medicare and Medicaid Services, an agency under the U.S. Health and Human Services Department, to the Southern Nevada Adult Mental Health Services agency, which is licensed to run the hospital for the state.
The hospital has come under increasing scrutiny since the Sacramento Bee newspaper last month documented that Rawson Neal had given one-way Greyhound Bus tickets to as many as 1,500 patients for destinations in California and 46 other states over the past five years.
Some of those patients - how many remains the subject of multiple investigations - were put on buses without sufficient food, medicine or plans for housing and continued medical treatment.
The letter said that a March compliance survey, which remains confidential, "reported serious deficiencies" in discharge planning and governance. Rawson Neal has until May 6 to furnish a plan to remedy the problems or face further actions to terminate its Medicare provider agreement, the letter said.
Rufus Arther, a Medicaid operations branch chief for Nevada and California, said he was unable to quantify the amount of money at stake for Rawson Neal, but said it would account for a "significant" portion of the hospital's revenue.
Dr. Tracey Green, Nevada's top state health officer, told Reuters earlier this week that the hospital had tightened its discharge policies to ensure that patients released to other states had appropriate after-care treatment plans in place. She also said all psychiatric patients would from now on be chaperoned when put on Greyhound buses.
LOST IN SACRAMENTO
The Bee's expose grew from its story about one particular discharge, that of James Flavy Coy Brown, 48, who was put in a taxi to a Greyhound Bus station with a ticket for a 15-hour ride to Sacramento in February and a three-day supply of pills to treat his schizophrenia, depression and anxiety.
Staff at a Sacramento homeless shelter described him as arriving frightened and disoriented, without money or medication, though Brown eventually was reunited with a daughter from the East Coast who had not heard from him for several years.
A state review of the matter led to discipline against two employees, and Nevada health and human services spokeswoman Mary Woods said earlier this week that an ongoing probe has uncovered violations of hospital policy in four or five discharges.
While vowing to fully investigate the issue, Nevada Governor Brian Sandoval and state health officials have denied that illegal, out-of-state busing of patients is rampant or that the state condones or practices patient-dumping.
In the meantime, local officials in San Francisco and Los Angeles have said they are looking into the matter. The Bee found that one-third of the patients given bus tickets went to California, the bulk of them arriving in Los Angeles, while 36 ended up in San Francisco.
On Thursday, California Congresswoman Doris Matsui called for investigative hearings by the U.S. House of Representatives Energy and Commerce Committee, which has jurisdiction over healthcare issues, into "patient dumping."
Dr. Green described the incident with Brown as a mistake. "The intent was never to dump this client," she said. "The intent was to accommodate this client's request, to have this patient involved in his own discharge plan. There's never been the intent to just put a person on a bus and wave goodbye."
Federal law requires hospitals participating in Medicare to treat their patients until their condition is resolved or stabilized and to plan for after-care following discharge.
Built at a cost of $35.5 million, Rawson-Neal opened in 2006 with 190 beds. A Southern Nevada Adult Mental Health Services website said the agency also runs eight clinics serving the Las Vegas area and rural communities in the region.
(Editing by Steve Gorman and Cynthia Osterman)
Source: http://news.yahoo.com/u-agency-moves-against-nevada-hospital-cited-patient-233157954.html
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Saturday, April 27, 2013
International investors pull out $2bn from emerging markets - RT News
As much as $2 billion of investment has been pulled from the emerging markets in the past week. The number is a record for the past 12 months. Russia-oriented funds lost $310 million.
The numbers are double those of last week, foreign investors with money in emerging markets pulled $0.9 billion, data from Emerging Portfolio Fund Research showed. This result was the highest since May 2012, when funds lost $ 2.25 billion. In total over the three weeks of continuous withdrawal, funds have lost more than $ 3.5 billion.
?
The main cash outflow from Russia has been from traditional funds and amounted to $111 million, while from ETF-funds clients withdrew about $60 million. With all types of funds including the outflow from the Russian market it was $310 million. It comes as investors have been continuously withdrawing money from Russian assets for 10 consecutive weeks.
The numbers are worse than for most of the other BRIC countries. Thus, Brazilian funds lost $114 million, Indian - $50 million and only Chinese funds showed a worse performance and lost $570 million over the past week.
The trend has been in place since the beginning of the year, in total $1.5 billion has been pulled from the Russian funds in four months. This is the second time in past eight years, such a massive outflow has taken place in the first quarters of the year. Only 2007 bears comparison, when funds lost over $ 100 million in the opening months of the year.
However despite increased outflow on the part of foreign investors, the Russian stock market was among the leaders in terms of growth among the emerging markets and developed countries. Since the beginning of the week the RTS index gained 3.2% and the MICEX was up by 2%. The leading Asian markets rallied 1.3-2% and in the US major indices gained 1-2,6%. European indices and the Japanese NIKKEI 225 also showed positive dynamics and they were up 4-4.5%.
Source: http://rt.com/business/investors-emerging-markets-funds-466/
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Vertical Perspective of Hong Kong's Immense Skyscrapers
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Zynga Trying to Stay Alive Until Online Gambling Is Legalized ...
FarmVille creator Zynga (ZNGA) beat analyst expectations last night by reporting a profit of 1 cent per share. The Street was looking for a loss of 4 cents. Despite the minor triumph, the stock took a hit after-hours, at one point dropping more than 10% to under $3 a share. Investors were disappointed by a warning for the current quarter and a substantial drop in the number of people using its online games.
For casual investors the real shock was that anyone was still playing FarmVille or Words With Friends at all. It seems a triumph of persistence that Zynga still has 253 million monthly users, even if that number has dropped almost 25% since peaking in at 331 million in Q3 2012.
Jon Najarian, cofounder of optionMONSTER.com says the company is basically trying to stay alive long enough to get a piece of the online gambling business, which is slowly being legalized in the U.S. Though the company won't talk about it much, they did set up an online casino of sorts in the U.K. last quarter. As Najarian sees it, "That's the test tube for what they're going to do in the U.S."
Others might suggest that being one of a seemingly infinite number of online casinos in the U.K. demonstrates why Zynga may be striving to reach a mirage. Still there's hope for the bulls, which is more than can be said of growth for Zynga's existing products.
The reason Zynga has a shot at hanging around for awhile is the $1.65 billion in cash on the balance sheet. Better yet, ZNGA paid down long-term debt of $100 million this month. It's a glorious balance sheet, and the company seems determined to limit spending on non-gaming products for as long as possible.
Najarian sees an online game offering in the states as Zynga's only hope. "With gambling, I think they can survive. Without it they don't. It's a binary bet."
Most investors would be better off putting it all on red in Vegas.
For more from Najarian, check out details of The Street Monster investment conference coming this June.
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Friday, April 26, 2013
Chrome Beta updated with better rendering and bug fixes
Page rendering performance and frequently occurring crashes addressed in today's update
Chrome Beta has been updated in Google Play this afternoon, and along with the usual (and often cryptic) fixes and enhancements, this version was specifically updated with an "Improvement to page rendering performance." Here's the full list of changes, because we know some of you are into that sort of thing.
- 179250: Black screen during load on Huawei tablets
- 224379: Cannot scroll images after zooming in
- 226193: Blue line displayed below the omnibox
- Improvement to page rendering performance
- Fixes for some frequently occurring crashes
We don't post every time a beta version of an app gets updated, but we know more than a few folks are concerned with things like improvements to page rendering performance -- we know we are. You can update, or grab the beta from the Google Play link above.
Source: Google Chrome blog
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Source: http://feedproxy.google.com/~r/androidcentral/~3/IMLF3fbhBwM/story01.htm
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Thursday, April 25, 2013
An Introduction To Complications: The Perpetual Calendar
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