Wednesday, January 30, 2013

Philadelphia opera co.: New name, new vision

PHILADELPHIA (AP) ? The Opera Company of Philadelphia is getting a name change that officials say is in better harmony with its move toward more innovative programming and greater diversity in its repertoire.

The company said Tuesday it will now be known simply as Opera Philadelphia. The new name and logo will appear on all of its brochures and ads.

The announcement was made in conjunction with the unveiling of the 2013-2014 season.

The company plans to continue bringing opera to new audiences with surprise "pop-up" concerts in famous Philadelphia locations. Past performances at a downtown Macy's and the Reading Terminal Market have received millions of views on YouTube.

Opera Philadelphia says it has five new operas in development and aims to present challenging contemporary works along with classics like "Carmen" and "La Boheme."

Source: http://news.yahoo.com/philadelphia-opera-co-name-vision-143451371.html

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Top U.S. firms open to voluntary cybersecurity rules: Senate

WASHINGTON (Reuters) - Many Fortune 500 companies support the creation of federal cybersecurity standards to protect them from Internet threats like hacking as long as they are voluntary, according to a Senate survey of top U.S. chief executives released on Wednesday.

The report resulted from letters sent to Fortune 500 companies in September by Senator Jay Rockefeller, the Democrat from West Virginia who last year authored a now-expired cybersecurity bill and is now renewing his push for such legislation.

Better protection from cyber threats has taken on growing urgency in Washington, with top officials warning of the potentially devastating impact of cyber attacks that could undermine key infrastructure, which is mostly privately owned.

Some 300 top companies in a variety of industries responded to the survey, according to the report compiled by the staff of the Senate Committee on Commerce, Science, and Transportation, which Rockefeller chairs.

Reflecting that growing interest in better securing networks, computers and data from cyber attacks, the survey showed broad support of the effort to pass new cybersecurity laws and collaborate with the federal government. But the report also showed concerns that new standards would become mandatory, inflexible or duplicative.

"The concerns raised about the legislation were not about whether the government should have a role with respect to cybersecurity, but about the specifics of that role and what impact that role would have on how companies respond to their cybersecurity challenges," the report said.

One Fortune 500 company, for example, responded that it had "no fundamental concerns with a voluntary U.S. program if it is indeed voluntary, as opposed to a program developed from a regulatory or compliance perspective or by the unfortunate notion that companies should be required to disclose breaches or vulnerabilities." The quote was one of dozens cited in the report, which did not identify the firms by name.

Similar concerns helped undermine Rockefeller's efforts last year, although his bill did propose a voluntary system of rules. In particular, the influential business lobby U.S. Chamber of Commerce vehemently opposed the 2012 cyber legislation.

Wednesday's report sought to highlight some discord between the chamber's position and the generally positive comments from Fortune 500 companies about closer collaboration with the federal government and the need to update the current system, which has been criticized as ad hoc.

The chamber's Ann Beauchesne, vice president of national security and emergency preparedness, reiterated the lobby's concern on Wednesday.

"Voluntary standards sound great in theory, but the devil is in the details," she said. "Whether a new cybersecurity program is labeled regulatory or 'voluntary,' the fact is, government officials will have the final word on the standards and practices that industry must adopt, which the Chamber opposes."

(Reporting by Alina Selyukh; Editing by Philip Barbara)

Source: http://news.yahoo.com/top-u-firms-open-voluntary-cybersecurity-rules-senate-183307046--finance.html

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River Thames to bathe in upgraded long-distance WiFi

DNP River Thames bathes in upgraded longdistance WiFi service

Not that a view over the Thames ever gets old, but commuters should soon find it a bit easier to check their inboxes while they're on or next to the water. Californian WiFi specialist Ruckus says that its wireless steering technology -- which increases network range by up to 4x by directing signals around obstacles and interference -- has just been picked for an upgrade to BT's Thames WiFi service. The new "carrier-grade" equipment should be activated within the next couple of months and will stretch out along the full 27 meandering miles of river that are already covered by traditional antennas. With better hotspot access spreading across the Tube network, black cabs and now the water, EE's central London LTE service will have even more to prove in terms of raw speed.

[Image credit: Getty Images]

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Global Reach Technology Selects Ruckus to Bring Smarter, High Capacity Wi-Fi to Users on Land and Water within the UK

Smart Wi-Fi Enables High-Speed Wi-Fi Access for Millions of Passengers Along 27 Miles of the Thames River and Reliable Public Wi-Fi Access in Leeds and Bradford

LONDON, ENGLAND (UK) and SUNNYVALE, CA - January 28, 2013 - Ruckus Wireless, Inc. (NYSE: RKUS) today announced that Global Reach Technology Ltd., an innovative supplier of Wi-Fi, cloud- and IP-based policy management services, has selected its ZoneFlex[TM] Smart Wi-Fi system for a number of high profile Wi-Fi projects in the UK that address the explosive demand for reliable, high-speed data access in densely trafficked areas around the city.

Global Reach has deployed carrier-grade Ruckus Smart Wi-Fi indoor and outdoor ZoneFlex products for its public hotspot infrastructure along 44km (27 miles) of the River Thames and onboard Thames Clippers London River Ferries to support more than 30 million people accessing the river each year. In addition to providing public Wi-Fi access through its own Thames Wi-Fi hot zone branded service, planned for Q1 2013, Global Reach is leveraging its high capacity infrastructure to offer wholesale and international roaming services across the 27 miles of river coverage.

British Telecommunications plc (BT) gives public Wi-Fi access free of charge to all its BT Broadband subscribers via the white-labeled Global Reach service to the Thames River network, while the Transport for London (TFL) authority is using the Wi-Fi infrastructure for private services such as real-time location-based information, tracking boats, network monitoring, timetables, CCTV surveillance and other services.

In addition, Global Reach has selected Ruckus Smart Wi-Fi as the standard underlying technology for the City Wi-Fi services it provides for Virgin Media Business in both Leeds and Bradford.

Carrier-Grade Wi-Fi Solutions with a difference
Global Reach has established a unique position in the market, offering a total managed infrastructure solution coupled with a complete portfolio of value-added network services such as key data on network monitoring, management information systems and customer usage behavior; architecture planning; security; content portal capabilities and gateway functions, and sophisticated policy management.

For mobile network operators and service providers, Global Reach provides bespoke wireless infrastructure and services. Additionally, its policy engine provides seamless and secure 3/4G off load to manage customer's traffic and eCRM, including content filtering, lawful intercept, bandwidth shaping, port and website blocking. Intuitive dashboards allow operators to manage their infrastructure as well as the end user customer experience with complete visibility and precision.

"To effectively deal with the demands and capacity required to deliver service on this scale, we needed a carrier-grade Wi-Fi network in which our customers could have complete confidence," said Nigel Wesley, Chief Executive Officer for Global Reach Technology. "At the end of the day, customers don't really care about how the infrastructure works - they simply want a fast, reliable and affordable Wi-Fi experience that's easy to access and use. That's precisely what we're delivering with Ruckus."

Wesley noted that while providing a reliable Wi-Fi experience in the UK is no easy task, operators are looking for value beyond vanilla connectivity. "Global Reach has developed a different model that not only delivers a carrier-grade Wi-Fi infrastructure at a much lower cost, we are also reducing the time to market for service providers and enterprise customers, allowing them to focus on monetization and bringing value to the subscriber experience."

Smarter Wi-Fi on the Water
Global Reach's Smart Wi-Fi network is one of the world's largest outdoor mesh deployments along a key transport artery weaving through the UK's capital. Four million people travel on the Thames Clippers river ferries every year, with millions more living and working along the riverbank, offices, hotels, cafes and tourist locations.

Global Reach has used new Ruckus ZoneFlex 7782-N, carrier-class 2.4/5 GHz 802.11n outdoor access points (APs) to deploy at main piers crisscrossing the Thames River. 24 Thames Clippers London river ferries are being equipped with ZoneFlex 7363 802.11n indoor dual-band Smart Wi-Fi access points, along with 3G backhaul and ZoneDirector controllers at the Global Reach network operation centers, to provide centralized administration and remote management.

"While we are fundamentally hardware agnostic, we are building carrier-quality Wi-Fi networks that mandate carrier-quality equipment," said Chris Spencer, Chief Technology Officer for Global Reach.

"With its adaptive antenna structure and high-capacity designs, Ruckus has clearly differentiated itself by delivering among the most reliable systems on the market that are distinctly designed for carriers. With the kit we've seen a significant increase in the signal strength as well as the number of concurrent users and sessions we are able to support at any one given time."

City Wi-Fi in Leeds and Bradford for Virgin Media Business
In Leeds and Bradford, Ruckus ZoneFlex 7762 outdoor dual-band 802.11n APs are being deployed on street furniture by Global Reach to provide a completely free City Wi-Fi service that is open to everyone. Global Reach manages and operates the network for Virgin Media Business, building on a partnership that was originally formed for the rollout of the acclaimed London Underground Wi-Fi service.

"There is a massive wireless land grab taking place all over the UK," concludes Wesley. "The super-connected city initiative means a great deal for places like Leeds and Bradford as they focus on growth and regeneration for local businesses, visitors and residents. The Wi-Fi networks we are building are great examples of projects that are making the vision of super-connected cities a reality and enabling future prosperity and innovation."

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/-w0Ojdr2m98/

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Tuesday, January 29, 2013

Boston Scientific reports weaker results, sets job cuts

(Reuters) - Boston Scientific Corp reported weaker quarterly earnings on Tuesday as sales slipped and expenses rose, and the medical device maker announced more job cuts.

The company said it expected to eliminate 900 to 1,000 jobs worldwide through 2013, bringing the total headcount reduction to 2,100 to 2,400 positions from 2011 to 2013.

Boston Scientific employs 24,000 workers worldwide, according to its website.

Fourth-quarter net earnings fell to $60 million, or 4 cents per share, from $107 million, or 7 cents per share, a year earlier, the company said.

Excluding special items, earnings were 11 cents per share, matching the average estimate on Wall Street, according to Thomson Reuters I/B/E/S.

Revenue dipped to $1.82 billion from $1.85 billion as sales slipped in the interventional cardiology business, which sells heart stents, and in the cardiac rhythm management business, which sells pacemakers and implantable heart defibrillators. Those two businesses make up more than half of Boston Scientific's total revenue.

Sales rose in the company's other smaller businesses, including urology and women's heath, endoscopy and neuromodulation.

The company forecast first-quarter earnings of 4 cents to 7 per share. It expects adjusted earnings, excluding charges for restructuring, acquisitions and amortization, to be 14 cents to 17 cents per share, with sales of $1.74 billion to $1.82 billion.

For the full year, Boston Scientific estimated earnings at 29 cents to 37 cents per share. It said it expected adjusted earnings of between 64 cents and 70 cents per share on sales of $7.05 billion to $7.35 billion.

(Reporting by Debra Sherman; Editing by Gerald E. McCormick and Lisa Von Ahn)

Source: http://news.yahoo.com/boston-scientific-reports-weaker-results-sets-job-cuts-134814380--finance.html

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Study: Domestic Cats Kill Billions Of Birds And Mammals Each Year

A new study in Nature Communications reports that free-roaming domestic cats kill billions of birds and mammals every year in the United States. Feral, farm, and stray cats are responsible for most of the deaths. Researchers say cats may be having a bigger impact on wildlife mortality than previously expected.

Source: http://www.npr.org/2013/01/29/170588511/study-domestic-cats-kill-billions-of-birds-and-mammals-each-year?ft=1&f=1007

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Murals bring Manchester heritage to Northern Quarter | Manchester ...

Techhub Manchester

Salford Graphic Design students have brought the walls of a new technology workspace in Manchester?s Northern Quarter to life with a range of murals celebrating the computer science and creative arts heritage of the city.

BA (Hons) Graphic Design students were commissioned to create a number of large wall paintings at TechHub?s Manchester base, using illustration and typography to evoke the rich Mancunian history of computer science, innovation and artistic creativity.

TechHub is an international community which provides physical and virtual workspaces for technology entrepreneurs to meet, work, learn and collaborate. With facilities in London, Bucharest and Riga, in addition to Manchester, TechHub aims to help technology start-ups work smarter, develop faster and increase their chances of success by connecting with like-minded individuals and specialists from around the world.

Natasha Willcocks, Graphic Design lecturer at the University of Salford, commented: ?This was a fantastic project for our students because the work they produced will be seen by other graphic designers and technology professionals, giving the students the opportunity to showcase their work and get noticed by people who are in the same industry.?

Students worked for around 40 hours at the space to produce a collection of interlinking designs and illustrations, which will be showcased to hundreds of creative professionals across the globe as the TechHub community begins to grow in Manchester.

Doug Ward of TechHub said: ?The Graphic Design course at the University of Salford comes highly recommended within the industry as being very creative and dynamic, and the standard of students? work was very high.

?They quickly understood the TechHub brand and ethos but, most importantly, they appreciated how essential location and history are to TechHub Manchester, and this has been communicated through their visual work.Techhub Manchester 2

?We wanted to give the students an opportunity to put their mark on an up-and-coming centre of innovation, with the aim of showcasing their work to potential employers.?

The murals will be officially launched at an open gallery event at TechHub, 3rd Floor, Carvers Warehouse, 77 Dale Street, Manchester, M1 2HG, on Thursday 31 January 6.30-8.30pm. To sign up for the free event, visit the TechHub website at: http://manchester.techhub.com/events/open-gallery-at-techhub-manchester.

For more information on Graphic Design at the University of Salford, please visit http://www.salford.ac.uk/arts-media.

Source: http://manchestergazette.co.uk/archives/11431

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Monday, January 28, 2013

Boom in North Dakota Weighs Heavily on Health Care

[unable to retrieve full-text content]Medical facilities in North Dakota are sinking under a flood of uninsured laborers working dangerous jobs.

Source: http://www.nytimes.com/2013/01/28/us/boom-in-north-dakota-weighs-heavily-on-health-care.html?partner=rss&emc=rss

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Crucial, long-overdue BlackBerry makeover arrives

FILE - In this Sept. 9, 2008, file photo, the logo on a BlackBerry smartphone is shows in Bochum, Germany. The maker of the BlackBerry smartphone is promising a speedy browser, a superb typing experience and the ability to keep work and personal identities separate on the same phone, the fruit of a crucial, long-overdue makeover for the Canadian company. (AP Photo/dapd, Volker Hartmann)

FILE - In this Sept. 9, 2008, file photo, the logo on a BlackBerry smartphone is shows in Bochum, Germany. The maker of the BlackBerry smartphone is promising a speedy browser, a superb typing experience and the ability to keep work and personal identities separate on the same phone, the fruit of a crucial, long-overdue makeover for the Canadian company. (AP Photo/dapd, Volker Hartmann)

(AP) ? The maker of the BlackBerry smartphone is promising a speedy browser, a superb typing experience and the ability to keep work and personal identities separate on the same phone, the fruit of a crucial, long-overdue makeover for the Canadian company.

Thorsten Heins, chief executive of Research In Motion Ltd., will reveal the first phone with the new BlackBerry 10 system in New York on Wednesday. Repeated delays have left the once-pioneering BlackBerry an afterthought in the shadow of Apple's trend-setting iPhone and Google's Android-driven devices.

Now, there's some optimism. Previews of the software have gotten favorable reviews on blogs. Financial analysts are starting to see some slight room for a comeback. RIM's stock has nearly tripled to about $16.30 from a nine-year low in September, though it's still nearly 90 percent below its 2008 peak of $147.

Most analysts consider a BlackBerry 10 success to be crucial for the company's long-term viability.

"The old models are becoming obsolete quickly," BGC Financial analyst Colin Gillis said. "There is still a big user base but it's going to rotate off. The question is: Where do they rotate to?"

The BlackBerry, pioneered in 1999, has been the dominant smartphone for on-the-go business people. Corporate information-technology managers like the phones because they're relatively secure and easy to manage.

The BlackBerry has also crossed over to consumers. President Barack Obama couldn't bear to part with it when he took office. Oprah Winfrey declared it one of her "favorite things." People got so addicted that the device was nicknamed "the CrackBerry."

But when the iPhone came out in 2007, it showed that phones can do much more than email and phone calls. They can play games, music and movies. Android came along to offer even more choices. Though IT managers still love BlackBerrys, employees were bringing their own devices to the workplace ? a trend Heins acknowledged RIM was slow to adapt to.

Suddenly, the BlackBerry looked ancient.

Even as BlackBerry sales continued to grow in many parts of the world, many BlackBerry users in North America switched to iPhones and Android devices. BlackBerry's worldwide subscriber based peaked at 80 million in the quarter that ended Sept. 1, before dropping to 79 million in the most-recent quarter. In the U.S., according to research firm IDC, shipments of BlackBerry phones plummeted from 46 percent of the market in 2008 to 2 percent in 2012.

RIM promised a new system to catch up, using technology it got through its 2010 purchase of QNX Software Systems. RIM initially said BlackBerry 10 would come by early 2012, but then the company changed that to late 2012. A few months later, that date was pushed further, to early 2013, missing the lucrative holiday season. The holdup helped wipe out more than $70 billion in shareholder wealth and 5,000 jobs.

Although executives have been providing a glimpse at some of BlackBerry 10's new features for months, Heins will finally showcase a complete system at Wednesday's event. Devices will go on sale soon after that.

RIM redesigned the system to embrace the multimedia, apps and touch-screen experience prevalent today.

"Historically there have been areas that have not been our strongest points," Rick Costanzo, RIM's executive vice president of global sales, said in an interview. "Not only have we caught up, but we may even be better than some of the competition now."

Costanzo said "no one else can touch" what RIM's new system offers.

The new operating system promises better multitasking than either the iPhone or Android. Simply swipe a finger across the phone's display screen to switch to another program.

All emails and notifications from such applications as Twitter and Facebook go to the BlackBerry Hub, a nerve center accessible with a finger swipe even if you have another application open. One can peek into it and open an email, or return to the previous application without opening the email.

"You are not going in and out of applications; you're flowing through applications with one simple gesture of your finger," Costanzo said. "You can leave applications running. You can effortlessly flow between them. So that's completely unique to us."

That said, multitasking will be limited and won't allow for extensive use of apps side by side, as is typically permitted on traditional computers. If you're watching a video, it will still run while you check for email. But it will pause if you decide to open an email and resume when you are done.

The BlackBerry's touch-screen keyboard promises to learn a user's writing style and suggest words and phrases to complete, going beyond typo corrections offered by rivals. See the one you want, and flick it up to the message area. Costanzo said that "BlackBerry offers the best keyboard, period."

Gus Papageorgiou, a Scotiabank financial analyst who has tried it out, agreed with that assessment and said the keyboard even learns and adjusts to your thumb placements.

The first BlackBerry 10 phone will have only a touch screen. RIM has said it will release a version with a physical keyboard soon after that. That's an area RIM has excelled at, and it's one reason many BlackBerry users have remained loyal despite temptations to switch.

Another distinguishing feature will be the BlackBerry Balance, which allows two personas on the same device. Businesses can keep their data secure without forcing employees to get a second device for personal use. For instance, IT managers can prevent personal apps from running inside corporate firewalls, but those managers won't have access to personal data on the device.

With Balance, "you can just switch from work to personal mode," Papageorgiou said. "I think that is something that will attract a lot of people."

RIM is also claiming that the BlackBerry 10's browser will be speedy, even faster than browsers for laptop and desktop computers. According to Papageorgiou, early, independent tests between the BlackBerry 10 and the iPhone support that claim.

Regardless of BlackBerry 10's advances, though, the new system will face a key shortcoming: It won't have as many apps written by outside companies and individuals as the iPhone and Android. RIM has said it plans to launch BlackBerry 10 with more than 70,000 apps, including those developed for RIM's PlayBook tablet, first released in 2011. Even so, that's just a tenth of what the iPhone and Android offer. Papageorgiou said the initial group will include the most popular ones such as Twitter and Facebook. But RIM will have to persuade others to make a BlackBerry version, when they are already struggling to keep up with both the iPhone and Android.

Like many analysts, Papageorgiou recently upgraded RIM's stock, but cautions that longtime BlackBerry users will have to get used to a whole new operating system.

He said RIM can be successful if about a third of current subscribers upgrade and if the company can get 4 million new users overseas, especially in countries where the BlackBerry has remained popular. IDC said smartphone shipments grew 44 percent in 2012. If those trends continue, it will be possible for the BlackBerry to grow even if iPhone and Android users don't switch.

"This doesn't have to be the best smartphone on the planet to be a success for RIM," he said. "I think the big question though is, if it fails, is it just too late? Are the other two ecosystems just so advanced that no one can catch up? That's a big risk."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-01-28-RIM-BlackBerry%20Makeover/id-24c14eab9e744fd495da72412b50ab42

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Rooting out hormone refractory prostate cancer | Science Codex

Prostate cancer is one of the most common malignancies in men. It is highly treatable in early stages; however, once the cancer becomes metastatic, it cannot be cured.

In the Journal of Clinical Investigation, Fillippo Giancotti and colleagues at Memorial Sloan-Kettering Cancer Center in New York, demonstrate that a significant fraction of advanced, hormone refractory prostate cancers express high levels of the protein ?4 integrin.

Using a mouse model of prostate cancer, Giancotti and colleagues found that loss of the ?4 integrin gene significantly inhibited prostate tumor growth and progression by blocking activation of the oncogenic proteins ErbB2 and c-Met, which are responsible for sustaining prostate cancer stem cells.

In a companion commentary Max Wicha of the University of Michigan discusses how targeting of these proteins could be a useful therapeutic strategy for the treatment of advanced prostate cancer.

TITLE:?4 Integrin signaling induces expansion of prostate tumor progenitors

ACCOMPANYING COMMENTARY:B4 Androgen ablation: Attacking the prostate cancer stem cell

Source: http://www.sciencecodex.com/rooting_out_hormone_refractory_prostate_cancer-105742

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Sunday, January 27, 2013

US gas prices rise 2 cents over past 2 weeks

CAMARILLO, Calif. (AP) -- The average U.S. price of a gallon of gasoline is up two cents over the past two weeks.

The Lundberg Survey of fuel prices released Sunday says the price of a gallon of regular is $3.34. Midgrade costs an average of $3.52 a gallon, and premium is $3.65.

Diesel held steady at $3.96 gallon.

Of the cities surveyed in the lower 48 states, Albuquerque, N.M., has the nation's lowest average price for gas at $2.88. Los Angeles has the highest at $3.71.

In California, the lowest average price was $3.47 in Stockton. The average statewide for a gallon of regular was $3.61, up about three cents.

Source: http://news.yahoo.com/us-gas-prices-rise-2-183115049.html

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French, Mali forces head toward Timbuktu

Malian soldiers man a checkpoint on the Gao road outside Sevare, some 620 kilometers (385 miles) north of Mali's capital Bamako, Sunday, Jan. 27, 2013. French and Malian troops held a strategic bridge and the airport in the northern town of Gao on Sunday as their force also pressed toward Timbuktu, another stronghold of Islamic extremists in northern Mali, officials said. (AP Photo/Jerome Delay)

Malian soldiers man a checkpoint on the Gao road outside Sevare, some 620 kilometers (385 miles) north of Mali's capital Bamako, Sunday, Jan. 27, 2013. French and Malian troops held a strategic bridge and the airport in the northern town of Gao on Sunday as their force also pressed toward Timbuktu, another stronghold of Islamic extremists in northern Mali, officials said. (AP Photo/Jerome Delay)

A Malian family's taxi is searched at a checkpoint on the Gao road outside Sevare, some 620 kilometers (385 miles) north of Mali's capital Bamako, Sunday, Jan. 27, 2013. French and Malian troops held a strategic bridge and the airport in the northern town of Gao on Sunday as their force also pressed toward Timbuktu, another stronghold of Islamic extremists in northern Mali, officials said. (AP Photo/Jerome Delay)

In this image taken during an official visit organized by the Malian army to the town of Konna, some 680 kilometers (430 miles) north of Mali's capital Bamako, Saturday, Jan. 26, 2013, a Malian army armored vehicle used by islamist rebels stands charred. One wing of Mali's Ansar Dine rebel group has split off to create its own movement, saying that they want to negotiate a solution to the crisis in Mali, in a declaration that indicates at least some of the members of the al-Qaida linked group are searching for a way out of the extremist movement in the wake of French air strikes. (AP Photo/Jerome Delay)

In this image taken during an official visit organized by the Malian army to the town of Konna, some 680 kilometers (430 miles) north of Mali's capital Bamako, Saturday, Jan. 26, 2013, a videographer films Malian soldiers walking through the rubbles of a former army based leveled during fighting with islamist rebels. One wing of Mali's Ansar Dine rebel group has split off to create its own movement, saying that they want to negotiate a solution to the crisis in Mali, in a declaration that indicates at least some of the members of the al-Qaida linked group are searching for a way out of the extremist movement in the wake of French air strikes. (AP Photo/Jerome Delay)

in this image taken during an official visit organized by the Malian army to the town of Konna, some 680 kilometers (430 miles) north of Mali's capital Bamako Saturday , Jan. 26, 2013, an ammunition belt lays on the ground of a destroyed base used by Islamist rebels. One wing of Mali's Ansar Dine rebel group has split off to create its own movement, saying that they want to negotiate a solution to the crisis in Mali, in a declaration that indicates at least some of the members of the al-Qaida-linked group are searching for a way out of the extremist movement in the wake of French airstrikes. (AP Photo/Jerome Delay)

(AP) ? French and Malian forces pushed toward the fabled desert town of Timbuktu on Sunday, as the two-week-long French mission gathered momentum against the Islamist extremists who have ruled the north for more than nine months.

So far the French forces have met little resistance, though it remains unclear what battles may await them farther north. The Malian military blocked dozens of international journalists from trying to travel toward Timbuktu.

Lt. Col. Diarran Kone, a spokesman for Mali's defense minister, declined to give details Sunday about the advance on Timbuktu citing the security of an ongoing operation.

Timbuktu's mayor, Ousmane Halle, is in the capital, Bamako, and he told The Associated Press he had no information about the remote town, where phone lines have been cut for days.

A convoy of about 15 vehicles transporting international journalists also was blocked Sunday afternoon in Konna, some 186 miles (300 kilometers) south of Timbuktu.

The move on Timbuktu comes a day after the French announced they had seized the airport and a key bridge in Gao, one of the other northern provincial capitals under the grip of radical Islamists.

Meanwhile, French and African land forces also were making their way to Gao from neighboring Niger.

French and Malian forces were patrolling Gao Sunday afternoon searching for remnants of the Islamists and maintaining control of the bridge and airport, said Kone, the Mali military spokesman.

The French special forces, which had stormed in by land and by air, had come under fire in Gao from "several terrorist elements" that were later "destroyed," the French military said in a statement on its website Saturday.

In a later press release entitled "French and Malian troops liberate Gao" the French ministry of defense said they brought back the town's mayor, Sadou Diallo, who had fled to the Malian capital of Bamako far to the west.

However, a Gao official interviewed by telephone by The Associated Press said late Saturday that coalition forces so far only controlled the airport, the bridge and surrounding neighborhoods.

And in Paris, a defense ministry official clarified that the city had not been fully liberated, and that the process of freeing Gao was continuing.

Both officials insisted on anonymity because they were not authorized to speak publicly on the matter.

Gao, the largest city in northern Mali, was seized by a mixture of al-Qaida-linked Islamist fighters more than nine months ago along with the other northern provincial capitals of Kidal and Timbuktu.

The rebel group that turned Gao into a replica of Afghanistan under the Taliban has close ties to Moktar Belmoktar, the Algerian national who has long operated in Mali and who last week claimed responsibility for the terror attack on a BP-operated natural gas plant in Algeria.

His fighters are believed to include Algerians, Egyptians, Mauritanians, Libyans, Tunisians, Pakistanis and even Afghans.

Meanwhile, the Pentagon said late Saturday that Defense Secretary Leon Panetta told Le Drian the United States will aid the French military with aerial refueling missions.

U.S. aerial refueling planes would be a boost to air support for French ground forces as they enter vast areas of northern Mali, the size of Texas, that are controlled by al-Qaida-linked extremists.

The U.S. was already helping France by transporting French troops and equipment to the West African nation. However, the U.S. government has said it cannot provide direct aid to the Malian military because the country's democratically elected president was overthrown in a coup last March.

The Malian forces, however, are now expected to get more help than initially promised from neighboring nations.

Col. Shehu Usman Abdulkadir told The Associated Press that the African force will be expanded from an anticipated 3,200 troops to some 5,700 ? a figure that does not include the 2,200 soldiers promised by Chad.

Most analysts had said the earlier figure was far too small to confront the Islamists given the huge territory they hold.

Since France began its military operation, the Islamists have retreated from three small towns in central Mali: Diabaly, Konna and Douentza. However, the Islamists still control much of the north, including the provincial capital of Kidal.

The Mali conflict will dominate the African Union summit in Addis Ababa, Ethiopia, Sunday and Monday.

___

Associated Press writer Rukmini Callimachi contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2013-01-27-Mali%20Fighting/id-9e98c22c2f464e25afd36eaf1eebb78b

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How Conservative Columnist George Will Lies With Statistics (Little green footballs)

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Saturday, January 26, 2013

Trademark law basics

Trademark law started out as a way to protect consumers against counterfeit goods back in the 13th century. Then, in the 1870?s the United States and England set up Trademark Departments granting trademark registrations. So, now to get the rights and protection of the trademark laws you have to register your trademark. You can do this in your state, or federally. Federal trademark registration offers the most protection.

The law states that no two trademarks can be confusingly similar. This means that if consumers are confused about the origin of the product, or in other words, who made it, then there are grounds for trademark infringement. Consumer confusion requires similar trademark and similar product. So, for example, it is not trademark infringement for a dental office to call itself Macintosh Dental, even though Macintosh Computers is trademarked. It is possible for them to coexist because consumers are not going to be confused. These two brands represent significantly different products, and so they are not hurting one another by having similar names, or symbols.

In order for something to be a trademark it has to be unique in some way. There are a lot of ways this can happen. With trademark law it is important to understand there is a whole spectrum of types of trademarks. For example, there are fanciful trademarks, which are defined as ?coined? terms that had no meaning before being trademarks. So, this would be big brands like Chevron, Kodak, Starbucks. Then, there are arbitrary trademarks, which are defined as common words used in a unique way so that the word has no relationship to the product. So, for example, Amazon is an online bookstore that has nothing to do with the Amazon. Apple is a computer, not a fruit, etc. Then you have a group called suggestive trademarks, which are trademarks that allude to a quality of the product, such as Mustang for cars, or Playboy, or 7-11 (when it first opened it was open from 7am to 11 pm). Then you get a group of trademarks called descriptive trademarks, such as Vision Center for an eye and vision store, or a domain name that explains what it does, such as Rachaelswriting.com which alludes that Rachael will be writing. The kind of trademark you have will affect the laws, and infringement decisions.

Generic trademarks are harder to get, and are when the term describes a whole class of products.

Once a trademark is registered it is given a whole bunch of rights, so the registration process is not always easy.

Consider the following:485636_f260

Registration grants exclusive rights to use that trademark for that product in America. Because trademark law grants such strong rights, there is a high standard to achieve registration.
Only fanciful, arbitrary, and suggestive trademarks are considered inherently distinctive and initially entitled to registration.
It could take years before you can officially register a descriptive trademark. Descriptive trademarks can achieve registration if they achieve ?secondary meaning.? ?Secondary meaning? occurs when customers come to recognize the particular term as having a second meaning, signifying a particular brand. Such as Frosted Mini Wheats, are not just cereal, but a brand of Kellogg cereal.

Trademark law basics related links

Trademark Basics
This site has a comprehensive overview of trademark law. It has it broken down into simple segments, with links so that you can quickly and easily get to the areas of trademark law you are interested in learning about.
Trademark Law Basics
This site gives a good look at trademark law basics. It provides a break down of the various areas of trademark law you would want to know about such as trademark infringement.
?Trademark Law, an Overview?
This is an article called ?Trademark Law, an overview? It is a great source for learning the basics of trademark law. It has the most recent changes made to the law, and more.
US patent and trademark office
This is a site that is the official US patent and trademark office, and it discusses the basics that the law entails. It explains fees, using an attorney, trademark notices, and other things related to trademark laws

Video

Do You Need A Patent, Copyright or Trademark
How to preserve your trademark

This means that if you want to have the protection of trademark law, it is best to go for a suggestive, fanciful, or arbitrary trademark.

Once you have something you want trademarked, you need to get that trademark cleared. To do this, you have to be first, and you can?t be too similar to someone else?s trademark. So, if you have an idea, search relevant databases to see if a similar trademark exists, then register for it, so that you can get it, even if you do not plan to launch the product for six months.

For you to be protected by trademark laws, proper trademark usage must be enforced.

The following is a brief look at proper trademark use:

Always use Trademark as an adjective modifying a noun. Ex: Kleenex facial tissues.
Never use a trademark as a verb or a noun. Ex: You are not XEROXING a copy but photocopying on a XEROX copier, You are not asking to be handed a Kleenex, but a facial tissue of the Kleenex brand
Be aware of how you use your trademark so that ?Genercide? does not happen. For example, genercide happened to THERMOS, CELLOPHANE, and TRAMPOLINE. These are no longer trademarks, but nouns.
Always use the right trademark symbol. TM or SM can be used at any time, to denote that what you are using is a protectable trademark or service mark. However, you may want to check to make sure you are not infringing before you use this mark. r can only be used once the mark has achieved a United States trademark registration.

The basics of trademark law are defined by what a trademark is and why you would want one, so let?s take a closer look at this.

What is a trademark?

A trademark is a word, symbol, or phrase, used to identify a particular manufacturer or seller?s products and distinguish them from the products of another. As stated earlier, a trademark does not always have to be a brand name, logo, or a slogan, but in some cases includes aspects of packaging, colors, etc. These features fall generally under the term ?trade dress,? but you need to make sure if you want these covered by trademark law that they are specifically stated on your application.

These features will not be protected if they confer any sort of functional or competitive advantage. So, for example, the packaging of the Coca-Cola bottle might be trademarked, but if it is determined that the shape offers a functional advantage, such as it is easier to stack, or grip, then the trademark privileges would be lost.

Links: Trademark law basics

Trademarks & US Trademark Law | IPWatchdog.com
A trademark (which relates to goods) and a service mark (which relates to services) can be any word, name, symbol, or device, or any combination, used, or intended to be used, in commerce.
4LawSchool Law School Outlines Bank
This site explains what trademark law is, and what it takes to be a trademark lawyer. It explains what the professional responsibilities are, and why trademark layers are important.
An outline of US copyright patent and trademark law
This is an outline of the US patent and trademark law. It explains what is included in the law, and how to get trademarked, and how to protect your trademark if you think it is being infringed upon.

Video

Why are trademarks protected?

Trademarks make it easier for consumers to know the source of the item. This means if someone uses a trademark that is not theirs, they are getting an unfair advantage in the marketplace. It also means they are benefiting from someone else?s work, time, and money. This is why it is illegal.

What sources of law govern trademarks?

Trademarks are governed by both state and federal law. The main federal statute is the Lanham Act, which was enacted in 1946 and was most recently amended in 1996.

How do you get trademark rights?

To get trademark rights you have to be the first one to use the mark, and the first one to register it with the USPTO.

What does it mean legally to register a trademark?

Although registration with the PTO is not required for a trademark to be protected, registration does confer a number of benefits to the registering party, most of which are the legal protections we have mentioned previously. Federally registering a trademark means you can use the mark nationwide. It also means that if someone infringes on it you can bring an infringement suit in federal court, and potentially recover treble damages, attorneys fees, and other remedies.

Can trademark rights be lost?

The rights to a trademark can be lost through abandonment, improper licensing or assignment, or genericity: Abandonment means you stop using the trademark and do not intend to use it in the future. Improper licensing or assignment is when a trademark is licensed (like if you franchise) without adequate quality control or supervision by the trademark owner. Genericity is when a trademark was originally distinctive can become generic over time, thereby losing its trademark protection.

Now you know the trademark law basics. In summary, the law states if you have a federally registered trademark, you can use it wherever you want. If someone infringes on your trademark, by being confusingly similar, you can take the to court for damages.

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Source: http://themodernaccountant.com/2013/01/26/trademark-law-basics/

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Samsung Galaxy Note 8.0 Poses With Baby Brother Galaxy Note II, Shows Off Its S-Pen

Samsung-Galaxy-Note-8-0-630x472The Galaxy Note 8.0 tablet has been anything but shy, leaking all over the place and posing for a few hands-on pics. But today’s scoop from French blog Frandroid marks the first time we get a real idea of its size, as the latest leaked photos show the Galaxy Note 8.0 next to the Galaxy Note 2. Context is a beautiful thing. The Galaxy Note 8.0 is Samsung’s next big tablet venture, according to recent rumors, presumably meant to take on the iPad mini. As you can see in the images, the Galaxy Note 8.0 has very similar design language to the latest Galaxy Note, and even the Galaxy S III to an extent. Perhaps most notable, however, is Samsung’s seeming insistence to keep this tablet in portrait mode, as noted by the home and navigation buttons on the bottom. In terms of the competition, the GalNote 8.0 bears a striking resemblance to the new Nook HD 7-inch tablets, with curved edges and a relatively thicker bezel. Today’s leak marks the first time we’ve gotten a glimpse of the 8-incher with its S-Pen, Samsung’s version of a high-quality pressure-sensitive stylus. To me it looks a tad thicker than that of the Galaxy Note, but that’s potentially because it’s pictured next to the much-smaller Galaxy Note II smartphone. The Galaxy Note 8.0 is rumored to have a 1280×800 resolution display, Android Jelly Bean, a quad-core processor, 2GB of RAM along with a 5-megapixel rear camera and a front-facing camera for video chat. We expect to see this bad boy at MWC in February, and by then we’ll be able to confirm all these specs for you fine readers. Until then, these pics will have to do.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/HwQOP2ZJQuQ/

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Marriage Advice From The Divorced Can Teach ... - Huffington Post

With the divorce rate in the United States hovering between 30 percent and 50 percent, it's not surprising that there are an awful lot of midlifers questioning their broken relationships while trying to figure out where they went wrong so that they might do things differently the next time around.

One study of married couples could help. Terri Orbuch, author of "Finding Love Again: 6 Simple Steps to a New and Happy Relationship," has been following 373 couples since their marriages in 1986. The therapist and professor of sociology at Oakland University recently analyzed data on those couples in the study who divorced -- 46 percent -- and the 71 percent of those who went on to remarry or develop long-term relationships. She's released her findings from the study, funded by the National Institutes of Health, to highlight what behaviors have a significant impact on whether or not a divorced person will find a new love.

"There were many surprising things that came out of this study but one was that those divorced singles who felt emotionally neutral about their ex -- they weren't pining away or angry -- were almost two times more likely to find new love again," Orbuch told Huff/Post50. "These were people who didn't feel much of anything at all towards their ex-spouses ... they were able to meet someone again."

Perhaps not so surprising to some is that those divorced people who were "optimistic" were more likely to enter into new relationships.

"I think this was interesting to me because it was so significant ... it really popped out as a finding," Orbuch said. "The idea of being positive wasn't just an afterthought but it was a very significant finding."

She noted that the average age of the couples when they got married in 1986 was 23 for the women and 25 for the men, meaning most of the participants are over 50 today.

So what are the five specific behaviors Orbuch has singled out that made the divorced people in her study twice as likely to develop a successful new relationship?

  1. Change habits. "People who cut their hours at work drastically or who added an exercise routine or who began to take their lunch outside the office rather than inside ... these are all little habits or routines. ... but when you change things up just a little, you are more likely to find new love," Orbuch said.
  2. Seek advice or talk to others. "Singles who seek advice or who talk to others about their breakup or divorce -- and who tried to find out information or advice from others -- were again more likely to find new love. Doing this allows you to get a fresh perspective and, again, gets you out of your regular routine," Orbuch said.
  3. Find a new way to talk about money. "People definitely identified their own approach to money as a factor in their relationships and then decided to change the way they talked about money," Orbuch said. "Many or most pepole have a difficult time talking to others about money. Those who did that -- who figured out if they are spenders or savers and then opened up more with others about this -- were better able to find new love."
  4. Improve communication. "Divorced singles made efforts to share more about their feelings with new partners ... or to try and figure out how to do that in their next relationship. Those who changed or improved how they communicated with others were significanly more likely to find new love," Orbuch said.
  5. Handle conflict better. "Those people who found new love again said they made efforts or learned how to handle disagreements or manage tension better. They actively tried to figure out how to do that whether it be learning how to control their anger or how to manage their ex," Orbuch said.

What do you think? Let us know your own tips in the comments section below!

Earlier on HuffPost50:

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Source: http://www.huffingtonpost.com/2013/01/25/marriage-advice-from-the-divorced-getting-remarried_n_2541916.html

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Friday, January 25, 2013

Ganassi picks up key sponsor for NASCAR's McMurray | TribLIVE


By Ralph N. Paulk

Published: Wednesday, January 23, 2013, 10:50?p.m.
Updated: Wednesday, January 23, 2013

CONCORD, N.C. ? Even after a disappointing 2012 season, Earnhardt-Ganassi Racing continues to attract sponsorship funding to position its drivers to legitimately compete for an elusive Sprint Cup championship.

Chip Ganassi, co-owner of EGR, announced Wednesday his stock-car operation has partnered with Cessna Aircraft Company to sponsor the No. 1 Chevrolet SS driven by 2010 Daytona 500 winner Jamie McMurray.

Ganassi, a Fox Chapel native, said the agreement with Cessna and parent company Textron reflects growing confidence that his NASCAR program has positioned itself to realize the success of his Indy Racing League program that has won the Indianapolis 500 four times.

?In this economy, I?m very proud of what we?ve accomplished,? Ganassi said. ?To have a company like Textron to have the courage to come into the sport says a lot about it getting on offense and not managing defensively.

?I don?t know how many people are announcing new sponsorships this week, but we are pretty proud to have one. It?s assuring for us to know companies believe in us. We like it when a company like Textron sees some value in being involved in the team across the board.?

It?s a significant sponsorship agreement with Cessna, considering McMurray and EGR teammate Juan Pablo Montoya have failed to qualify for the Chase the past two seasons. McMurray finished tied for 20th and Montoya finished 22nd in the 2012 points standings.

?We made a lot of changes in 2012 and invested a lot in engineering, software and development,? Ganassi said during Wednesday?s NASCAR Media Tour. ?Frankly, it didn?t translate as fast as I wanted it to on the track. But our crew chiefs agree we are light years ahead of last year, and they think the early-season testing has been promising.

?We invested a lot of money into our business last year. We had a good enough bottom line to invest in our team, and we?ll continue those investments.?

However, EGR experienced some angst when McMurray?s primary sponsor the past three years, Bass Pro Shops, switched to Stewart-Haas Racing. But the outdoor recreation company will sponsor the No. 1 car for two races this season.

?This deal allows us to focus on racing,? McMurray said. ?With the new (Generation-6) car, we can?t afford any distractions heading to Daytona.?

Even with the loss of Bass Pro Shops, Ganassi said the team?s overall sponsorship is up compared to last year.

?Bass Pro had been great to us, but I think their decision was a function of there being some assets available on Tony Stewart?s car,? Ganassi said. ?They?ve had a long relationship with Tony, so it was kind of a natural thing for them to do that.?

Ganassi said he never considered running a partial 36-race Cup schedule with McMurray. He was confident Cessna would come aboard after he met last year with company executives at Sonoma.

?The racing industry is built on the same principles of our company ? a need for speed,? said Scott Ernest, Cessna?s president and CEO. ?The scope and success of Chip Ganassi?s racing teams across all components of racing gives us a strong presence as we invest in the sport.?

Ralph N. Paulk is a staff writer for Trib Total Media. Reach him at rpaulk@tribweb.com or via
Twitter @RalphPaulk_Trib.

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Source: http://triblive.com/sports/autoracing/3336257-74/ganassi-racing-company

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New Orleans Pelicans: A Winning Name?

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FAA: No timetable to return Boeing 787s to skies

17 hrs.

TOKYO/WASHINGTON - Japanese regulators have joined their U.S. counterparts in all but ruling out overcharged batteries as the cause of recent fires on the Boeing Co 787 Dreamliner, which has been grounded for a week with no end in sight.

Solving the battery issue has become the primary focus of the investigation, though the head of the U.S. Federal Aviation Administration said on Wednesday there are still no firm answers as to the cause and no clear timetable yet for returning the plane to flight.

Meanwhile, as deliveries of the cutting-edge passenger jet back up, a key Chinese customer lamented the delays and said its growth plans were being hampered by its inability to get the planes on time.

Regulators grounded the Dreamliner on Jan. 16 after a series of safety incidents, including battery fires on planes in the United States and Japan. The Japanese incident forced a plane to make an emergency landing.

Last weekend the U.S. National Transportation Safety Board said the fire on a Japan Airlines Co Ltd 787 in Boston was not due to excess voltage, and on Wednesday, Japanese officials all but ruled it out for the incident on an All Nippon Airways Co Ltd plane there.

"On the surface, it appears there was no overcharging," said Norihiro Goto, chairman of the Japan Transport Safety Board, at a media briefing.

"The fact that such electrical system-related incidents would occur consecutively, purely from my perspective, could not have been expected. We are finding it difficult trying to figure out what kind of investigative stance we should take."

Late Wednesday, the NTSB said more tests are underway on the battery damaged in the Boston fire, including CT scans of the individual cells. The board's chairman, Deborah Hersman, is due to provide a fuller update Thursday.

The investigation has also renewed scrutiny on the FAA's 2007 decision to let Boeing use a highly flammable battery technology on the 787. A U.S. Senate committee will hold a hearing in coming weeks to examine aviation safety oversight and the FAA's decision, a congressional aide said on Tuesday.

No timetable
While the NTSB and JTSB hunt for a solution to the battery question, there is also an open issue around fuel leaks on the Dreamliner. In early December, U.S. officials warned of a manufacturing fault with fuel lines, and earlier this month a JAL plane in Boston leaked before takeoff.

Industrial manufacturer Eaton Corp said Wednesday it was cooperating with investigators looking at the fuel leaks.

"Without speaking about either the incident or investigation, I can tell you that we do supply pumps and valves to the program," a spokeswoman said.

The 787 program was already years behind schedule before last week's grounding, which means Boeing cannot deliver newly manufactured planes to customers. Boeing's chief 787 engineer, Mike Sinnett, told an aviation conference in Dublin he could not say when that would change.

"I can't really say anything about the timeframe of the investigation. The NTSB is really the only authorized authority in the U.S. to talk about this investigation and they made some recent statements, but I can't speculate on timeframe," Sinnett said Wednesday in remarks made by phone from Seattle.

U.S. Transportation Secretary Ray LaHood, the country's top transportation official, said Wednesday the goal was to return the 787 to service as soon as possible but that the government would not rush the plane back either.

"We are working diligently with Boeing to figure out the problem and find a solution. Our goal is to get this done as quickly as possible, but we must be confident that the problems are solved before we can move forward," LaHood told the Aero Club of Washington, an aviation advocacy group.

FAA Administrator Michael Huerta, appearing at the same event, said the review was looking at the 787's certification, manufacturing and assembly processes, and that he could not speculate on an end date.

'Delayed so?many times'
For at least one Chinese customer, the uncertainty about the Dreamliner's production and delivery schedule has meant delays in launching new routes.

"Frankly, it's a little disappointing the aircraft has been delayed so many times," said Chen Feng, chairman of Hainan Airlines Co Ltd parent HNA Group, in an interview at the World Economic Forum in Davos. "We still think it's a good aircraft, but this has had some effect on our planning."

Hainan has 10 of the planes on order.

The grounding of the Dreamliner, an advanced carbon-composite plane with a list price of $207 million, has already forced Japan's ANA to cancel 151 domestic and 26 international flights scheduled for Jan. 23-28, affecting more than 21,000 passengers, the airline said on Monday.

ANA, which flies the most Dreamliners of any airline, is due to announce further flight cancellation plans on Thursday. The airline also said it may have to scale back its next two-year business plan because the 787 was to have been such a central part of that forecast.

Competition from Airbus
Boeing has already delivered 50 of the 787s to date. Around half of those have been in operation in Japan, but airlines in India, South America, Poland, Qatar and Ethiopia, as well as United Airlines in the United States, are also flying the plane.

Boeing's main competitor, EADS, said on Wednesday it did not expect the problems with the 787 to affect the certification of its own rival plane, the Airbus A350.

"We will do what is needed to avoid the same problems," EADS strategy chief Marwan Lahoud told France's Radio Classic.

Airbus has said it hopes to achieve the maiden flight of the carbon-composite A350 by the middle of this year. ?

Additional reporting by?Mari Saito and Yoko Kubota in Tokyo; Kelvin Soh in Davos; Elena Berton and Gilles Guillaume in Paris; Rhys Jones in London; Tim Hepher in Dublin; and Andrea Shalal-Esa and Jim Wolf in Washington.

Copyright 2013 Thomson Reuters.

Source: http://www.nbcnews.com/business/faa-no-timetable-returning-boeing-787s-skies-1C8088357

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Thursday, January 24, 2013

Top banks play defence at Davos; debate reflects global pressure on banks in wake of crisis

DAVOS, Switzerland - If there is one place bankers should be able to let down their guard a little, you would think it would be at the World Economic Forum in Davos, an exclusive gathering of 2,500 of the globe's financial and corporate elite.

Yet even here top banking executives found themselves on the defensive. It's a reflection of how big banks ? blamed by some politicians and the public for the 2007 financial crisis and the resulting Great Recession ? are still grappling with pressure from recent scandals and moves toward increasingly complex regulation.

During a panel discussion on global finance at the forum, JPMorgan Chase CEO Jamie Dimon criticized the "huge misinformation" about the risks actually posed by banks.

He and other top bankers at the discussion, including UBS chairman Axel Weber, found themselves stressing that that banks play an essential role in making economies grow ? by lending to businesses so they can invest and expand.

"Banks continue to lend and grow and expand, finance is a critical part of the how the economy is run," he said said at an all-star panel where he was challenged both by a top International Monetary Fund official and a hedge fund manager, whose firm is a client of Dimon's bank.

"Everyone I know is trying to do a very good job for their clients." Dimon

There have been plenty of negative headlines and investigations over the last year that show banking in a far harsher light: Several top banks are under investigation for rigging key interest rates, HSBC has been fined for allowing money-laundering and Standard Chartered has been penalized for dealing with Iran. Even Dimon's own bank has suffered an embarrassing $6 billion trading loss on complex derivatives.

All of which has only given ammunition to the critics who say banks are too loosely regulated, too unethical and still so large that their collapse would threaten the economy.

Governments and regulators have moved to clamp down on banks and their risky practices since 2007. In the United States, legislation known as Dodd-Frank seeks to avoid taxpayer-funded bailouts of banks by barring them from engaging in risky trading on their own account. The European Union is considering proposals to have banks separate their riskier investment banking operations from the rest of their business. Meanwhile, the British government is moving toward a different proposal to require banks to "ring-fence" their retail banking within their organization.

Beyond that, banks are also being required to hold more financial padding against possible losses through an international agreement known as Basel III.

However, the push to regulate leaves many dissatisfied. Critics of the banking industry claim that some of the new measures ? such as requirements to hold capital buffers against losses ? were in fact around ahead of the 2007 crisis but were ineffective as banks found ways around them.

Banks themselves agree that the capital measures are needed, but there are concerned that, because these new rules are often being imposed on a national or regional basis, they can overlap for banks that do business in more than one country. And there is no one global standard that would level the playing field, and prevent banks from simply moving their operations to places that allowed high-risk practices.

Plus the increased costs involved in following the new rules will hit profits and could even shrink the availability of credit.

To add to the mix, the Basel III rules, which have been accepted by both bank critics and bankers, will not come into effect until 2019.

That sense of dissatisfaction about the state of banks and the attempts to regulate them burst through during the Davos global finance panel.

Min Zhu, the deputy managing director of the International Monetary Fund, said the banking industry was "still too big" compared to the size of the global economy. Min also warned that other financial organizations, such as hedge funds, are playing a too-large, too-little regulated role known as "shadow banking" where risky practices that could cause a crisis remain beyond a regulator's reach.

"All the debate going on, and the financial sector has not changed very much. We're not safer yet. Five years on, we are still debating whether we have too much or too little regulation," he said.

"I would say the financial sector has a long way to go."

Axel Weber, chairman of Swiss bank UBS and former head of Germany's central bank, added that global regulators "have clearly made up their minds that banks are too big."

Dimon complained about "huge misinformation" about the risks posed by banks and that regulators were casting their net too wide, with too many agencies involved.

"We're trying to do too much too fast," he said. "Everyone thinks it was one thing that sank the system."

One skeptic of capital requirements is Edward J. Kane, a professor of finance at Boston College. He believes that big banks would likely find a way to circumvent them, as they did before the crisis by moving risk to off-balance sheet entities, for example ? and still had the power to shape regulation in their interests.

"We were told before the crisis that capital requirements on banks would be the medicine that would prevent us from having crises, but they failed," he told The Associated Press.

A better way to discourage excessive risk-taking, Kane proposes, would be to charge banks a simple premium that reflects what the taxpayer would have to pay in case the bank needs to be bailed out.

"There will always be financial crises," he said. "Regulators are always outgunned, outcoached and playing from behind. What we can try to do is control the incentives and make the crises less deep."

____

Christina Rexrode in New York contributed to this article.

Source: http://news.yahoo.com/top-banks-play-defence-davos-debate-reflects-global-200100036.html

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