Monday, December 19, 2011

Climate change may bring big ecosystem shifts, NASA says

ScienceDaily (Dec. 18, 2011) ? By 2100, global climate change will modify plant communities covering almost half of Earth's land surface and will drive the conversion of nearly 40 percent of land-based ecosystems from one major ecological community type -- such as forest, grassland or tundra -- toward another, according to a new NASA and university computer modeling study.

Researchers from NASA's Jet Propulsion Laboratory and the California Institute of Technology in Pasadena, Calif., investigated how Earth's plant life is likely to react over the next three centuries as Earth's climate changes in response to rising levels of human-produced greenhouse gases. Study results are published in the journal Climatic Change.

The model projections paint a portrait of increasing ecological change and stress in Earth's biosphere, with many plant and animal species facing increasing competition for survival, as well as significant species turnover, as some species invade areas occupied by other species. Most of Earth's land that is not covered by ice or desert is projected to undergo at least a 30 percent change in plant cover -- changes that will require humans and animals to adapt and often relocate.

In addition to altering plant communities, the study predicts climate change will disrupt the ecological balance between interdependent and often endangered plant and animal species, reduce biodiversity and adversely affect Earth's water, energy, carbon and other element cycles.

"For more than 25 years, scientists have warned of the dangers of human-induced climate change," said Jon Bergengren, a scientist who led the study while a postdoctoral scholar at Caltech. "Our study introduces a new view of climate change, exploring the ecological implications of a few degrees of global warming. While warnings of melting glaciers, rising sea levels and other environmental changes are illustrative and important, ultimately, it's the ecological consequences that matter most."

When faced with climate change, plant species often must "migrate" over multiple generations, as they can only survive, compete and reproduce within the range of climates to which they are evolutionarily and physiologically adapted. While Earth's plants and animals have evolved to migrate in response to seasonal environmental changes and to even larger transitions, such as the end of the last ice age, they often are not equipped to keep up with the rapidity of modern climate changes that are currently taking place. Human activities, such as agriculture and urbanization, are increasingly destroying Earth's natural habitats, and frequently block plants and animals from successfully migrating.

To study the sensitivity of Earth's ecological systems to climate change, the scientists used a computer model that predicts the type of plant community that is uniquely adapted to any climate on Earth. This model was used to simulate the future state of Earth's natural vegetation in harmony with climate projections from 10 different global climate simulations. These simulations are based on the intermediate greenhouse gas scenario in the United Nations' Intergovernmental Panel on Climate Change Fourth Assessment Report. That scenario assumes greenhouse gas levels will double by 2100 and then level off. The U.N. report's climate simulations predict a warmer and wetter Earth, with global temperature increases of 3.6 to 7.2 degrees Fahrenheit (2 to 4 degrees Celsius) by 2100, about the same warming that occurred following the Last Glacial Maximum almost 20,000 years ago, except about 100 times faster. Under the scenario, some regions become wetter because of enhanced evaporation, while others become drier due to changes in atmospheric circulation.

The researchers found a shift of biomes, or major ecological community types, toward Earth's poles -- most dramatically in temperate grasslands and boreal forests -- and toward higher elevations. Ecologically sensitive "hotspots" -- areas projected to undergo the greatest degree of species turnover -- that were identified by the study include regions in the Himalayas and the Tibetan Plateau, eastern equatorial Africa, Madagascar, the Mediterranean region, southern South America, and North America's Great Lakes and Great Plains areas. The largest areas of ecological sensitivity and biome changes predicted for this century are, not surprisingly, found in areas with the most dramatic climate change: in the Northern Hemisphere high latitudes, particularly along the northern and southern boundaries of boreal forests.

"Our study developed a simple, consistent and quantitative way to characterize the impacts of climate change on ecosystems, while assessing and comparing the implications of climate model projections," said JPL co-author Duane Waliser. "This new tool enables scientists to explore and understand interrelationships between Earth's ecosystems and climate and to identify regions projected to have the greatest degree of ecological sensitivity."

"In this study, we have developed and applied two new ecological sensitivity metrics -- analogs of climate sensitivity -- to investigate the potential degree of plant community changes over the next three centuries," said Bergengren. "The surprising degree of ecological sensitivity of Earth's ecosystems predicted by our research highlights the global imperative to accelerate progress toward preserving biodiversity by stabilizing Earth's climate."

JPL is managed for NASA by the California Institute of Technology in Pasadena.

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The above story is reprinted from materials provided by NASA/Jet Propulsion Laboratory.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. Jon C. Bergengren, Duane E. Waliser, Yuk L. Yung. Ecological sensitivity: a biospheric view of climate change. Climatic Change, 2011; 107 (3-4): 433 DOI: 10.1007/s10584-011-0065-1

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/xxP3VwUWzgY/111218221321.htm

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Sunday, December 18, 2011

USTR's Kirk says no trade war but troubled by China (Reuters)

GENEVA (Reuters) ? U.S. Trade Representative Ron Kirk said on Saturday the United States is not in a trade war with China, but he is troubled by China's tendency to retaliate when other members of the World Trade Organization (WTO) launch trade cases against it.

"I am troubled by what I see as a trend of China to retaliate when members - not just the U.S., other members of the WTO - bring China to dispute settlement over legitimate matters," Kirk said in an interview.

"That's not only disruptive to global trade, it's not only not in the interest of the members of the WTO.

"But I think long term it's not in China's interest. It begins to cut away at their credibility and their belief in the two-way value of trade in which not only they marvellously and spectacularly benefit as they have, but they're also committed and have a commensurate responsibility to open up their markets fairly to us."

Asked if the United States was in a trade war with China, he said: "I really do push back on that. It is not a trade war for me to use the tools, the resources that every member of the WTO has open to them, to go to China and say: 'We believe the way you're executing this policy - that is WTO-inconsistent'."

Kirk was speaking on the last day of the WTO's biennial ministerial conference in Geneva, where the 153 member states agreed to admit Russia, Samoa and Montenegro and clinched a landmark reform of government procurement rules.

But the conference was held amid very low expectations because of deadlock over the 10-year-old Doha round of trade talks, which has effectively paralyzed the WTO's ability to legislate.

Many diplomats had hoped for a constructive meeting, but on the eve of the gathering China slapped punitive duties of up to 22 percent on large cars and SUVs made in the United States, a U.S. export flow worth nearly $4 billion a year.

China's decision to impose duties was widely seen as a tit-for-tat move after U.S. challenges to China, most recently in the solar industry and poultry sector.

"Part of a foundation of a rules-based system is dispute settlement," Kirk said. "That's what we think is so important about the WTO. How China reacts to that is up to China. But I just cannot buy into the argument that our standing and protecting the rights of our exporters and workers is somehow igniting a trade war or being protectionist."

(Reporting by Tom Miles; Editing by Mark Trevelyan)

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/nm/20111217/ts_nm/us_wto_usa_china

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Meteorite shockwaves trigger dust avalanches on Mars

Friday, December 16, 2011

When a meteorite careens toward the dusty surface of the Red Planet, it kicks up dust and can cause avalanching even before the rock from outer space hits the ground, a research team led by an undergraduate student at the University of Arizona has discovered.

"We expected that some of the streaks of dust that we see on slopes are caused by seismic shaking during impact," said Kaylan Burleigh, who led the research project. "We were surprised to find that it rather looks like shockwaves in the air trigger the avalanches even before the impact."

Because of Mars' thin atmosphere, which is 100 times less dense than Earth's, even small rocks that would burn up or break up before they could hit the ground here on Earth crash into the Martian surface relatively unimpeded.

Each year, about 20 fresh craters between 1 and 50 meters (3 to 165 feet) show up in images taken by the HiRISE camera on board NASA's Mars Reconnaissance Orbiter. The High Resolution Imaging Science Experiment, or HiRISE, is operated by the UA's Lunar and Planetary Laboratory and has been photographing the Martian surface since 2006, revealing features down to less than 1 meter in size.

For this study, the team zoomed in on a cluster of five large craters, which all formed in one impact event close to Mars' equator, about 825 kilometers (512 miles) south of the boundary scarp of Olympus Mons, the tallest mountain in the solar system. Previous observations by the Mars Global Surveyor orbiter, which imaged Mars for nine years until 2006, showed that this cluster was blasted into the dusty surface between May 2004 and February 2006.

The results of the research, which Burleigh first took on as a freshman under former UA Regents Professor H. Jay Melosh, are published in the planetary science journal Icarus. Previous studies had looked at dark or light streaks on the Martian landscape interpreted as landslides, but none had tied such a large number of them to impacts.

The authors interpret the thousands of downhill-trending dark streaks on the flanks of ridges covering the area as dust avalanches caused by the impact. The largest crater in the cluster measures 22 meters, or 72 feet across and occupies roughly the area of a basketball court. Most likely, the cluster of craters formed as the meteorite broke up in the atmosphere, and the fragments hit the ground like a shotgun blast.

Narrow, relatively dark streaks varying from a few meters to about 50 meters in length scour the slopes around the impact site.

"The dark streaks represent the material exposed by the avalanches, as induced by the the airblast from the impact," Burleigh said. "I counted more than 100,000 avalanches and, after repeated counts and deleting duplicates, arrived at 64,948."

When Burleigh looked at the distribution of avalanches around the impact site, he realized their number decreased with distance in every direction, consistent with the idea that they were related to the impact event.

But it wasn't until he noticed a pair of peculiar surface features resembling a curved dagger, described as scimitars, extending from the central impact crater, that the way in which the impact caused the avalanches became evident.

"Those scimitars tipped us off that something other than seismic shaking must be causing the dust avalanches," Burleigh said.

As a meteor screams through the atmosphere at several times the speed of sound, it creates shockwaves in the air. Simulating the shockwaves generated by impacts on Martian soil with computer models, the team observed the exact pattern of scimitars they saw on their impact site.

"We think the interference among different pressure waves lifts up the dust and sets avalanches in motion. These interference regions, and the avalanches, occur in a reproducible pattern," Burleigh said. "We checked other impact sites and realized that when we see avalanches, we usually see two scimitars, not just one, and they both tend to be at a certain angle to each other. This pattern would be difficult to explain by seismic shaking."

In the absence of plate tectonic processes and water-caused erosion, the authors conclude that small impacts might be more important in shaping the Martian surface than previously thought.

"This is one part of a larger story about current surface activity on Mars, which we are realizing is very different than previously believed," said Alfred McEwen, principal investigator of the HiRISE project and one of the co-authors of the study. "We must understand how Mars works today before we can correctly interpret what may have happened when the climate was different, and before we can draw comparisons to Earth."

###

University of Arizona: http://uanews.org

Thanks to University of Arizona for this article.

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

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Source: http://www.labspaces.net/116106/Meteorite_shockwaves_trigger_dust_avalanches_on_Mars

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Friday, December 16, 2011

LA-Based Startup Accelerator Amplify Launches $4.5M Fund With Backing From Mark Burnett, Brian Grazer, Eric Schmidt

Amplify.LAAnother startup accelerator is debuting in LA today?Amplify. With the backing of some well-known Hollywood and Silicon Valley names, the Venice Beach-based incubator is launching a $4.5 million incubator and fund. Investors include Mark Burnett (Apprentice, Survivor), Brian Grazer, Jarl Mohn, Accel Partners, BV Capital, Greycroft Partners, Rustic Canyon, Tomorrow Ventures (Eric Schmidt), Tim Draper, Gordon Crawford, Vivi Nevo, Paige Craig, Diego Berdakin and Tom McInerney. The accelerator, which is being managed by Paul Bricault and Richard Wolpert, will be looking to incubate and invest in companies at the intersection of technology and entertainment.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/1rsNiaimXLg/

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Thursday, December 15, 2011

Jackson daughter tells 'Ellen' about acting dreams (AP)

LOS ANGELES ? Michael Jackson's daughter says she was inspired to be an actress after seeing her father in the film "Moonwalker."

"My dad was in the movie `Moonwalker' and I knew he could sing really well, but I didn't know he could act," Paris Jackson told talk show host Ellen DeGeneres, according to a transcript of the episode to air Thursday. "I saw that and I said, `Wow, I want to be just like him.'"

The film featuring Jackson's signature dance move and other videos was released in 1988.

Paris said her father encouraged her and did improvisation sessions to develop her skills. The 13-year-old has been cast alongside Larry King in a film based on a new children's book, "Lundon's Bridge and the Three Keys," which is in early stages of development.

The Internet Movie Database, known as IMDB, shows the film is tentatively scheduled for a 2013 release, although filmmakers have not presented the teen's proposed acting contract to a Los Angeles court as required because she is a minor.

Paris also talked about the lengths that her father took to protect her identity for an episode that will air on Thursday.

She said her father protected her and her two brothers from the media, such as by placing them in masks or dressing them in costumes when they were in public. She said she initially thought wearing the mask was stupid, but later came to realize that it was for her and her brothers' protection.

She said no one recognized her when she began attending school after her father's death in June 2009.

"I was like, yes, I have a chance to be normal," she said.

Jackson's children have since been in the public eye, appearing onstage at their father's televised memorial service, the Grammy Awards and other television appearances.

___

Online: http://ellen.warnerbros.com/

Source: http://us.rd.yahoo.com/dailynews/rss/entertainment/*http%3A//news.yahoo.com/s/ap/20111214/ap_en_ot/us_people_paris_jackson

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Wednesday, December 7, 2011

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Afghanistan Field Guide: Don't wear sunglasses and eight other essential tips

Planning on going to Afghanistan as a soldier, consultant, diplomat, journalist, or aid worker? Or maybe you?re just curious about how a person navigates this war-torn country that?s so often in the news?

Journalist Edward Girardet, who has been reporting on Afghanistan for more than 30 years ? including for the Monitor ? edits??The Essential Field Guide to Afghanistan.? Written by on-the-ground experts, it includes essays and travel and security tips that could save a visitor?s life.?

For instance, don?t wear sunglasses. Showing your eyes makes you more human to Afghans. And above all:? Remember you are a guest in the country. So act like one.

Here, he gives eight sample "essentials" for getting around Afghanistan.

1. Be met at the airport

The changes at Kabul airport over the past decade have been dramatic. Things actually run quite smoothly now, with luggage arriving on the conveyor belt and a relatively efficient immigration service, all computerized, dealing with your entry.

But you don?t want to be standing outside the airport alone. Make sure your guest house or office has sent a car to pick you up. Or catch a ride from one of the Western aid workers or journalists on the plane with you.?

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/DofyZGUpFDM/Afghanistan-Field-Guide-Don-t-wear-sunglasses-and-eight-other-essential-tips

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Tuesday, December 6, 2011

Structured Finance Jobs - How to Break In | Mergers & Inquisitions

Structured Finance JobsI?ve gotten requests to cover dozens of different topics ? some of which are easy to find information on, and others that require Jack Bauer-style interrogation techniques to find clues.

In the latter category is Structured Finance ? look around online and you?ll find dozens of different definitions and contradictory descriptions of what it is and what you do there.

The same thing happened when I started poking around online as well, so I decided the next best alternative would be finding a willing interviewee who works in the field ? and that?s why you?re reading this right now.

Here?s what you?ll learn in Part 1 of this crash-course on Structured Finance:

  • How our interviewee moved from a liberal arts background?with no finance experience to a bulge bracket bank.
  • What you do in Structured Finance.
  • How it?s different from investment banking, ECM, DCM, LevFin, and sales & trading.
  • How you break in and what to expect in interviews.

Let?s go:

Background and Definitions

Q: Let?s start with your background. What?s your story, and how did you break into finance?

A: I went to a top 20 undergrad university, and was originally a pre-law major ? but then I took a class on economic forecasting, got started building models, and became much more interested in finance since it was more exciting and in-tune with my personality.

I graduated into a recession where jobs were almost non-existent, so I had to cast a wide net to find my first full-time job. I started out at an investment consulting firm, where I mainly conducted due diligence on private equity firms and hedge funds. As a result of this experience, I became very interested in the buy-side.

However, I knew I would need a different skill set in order to break in. After some research I decided that a job in banking would give me the broadest and most applicable experience.

The only problem: I had a liberal arts background and little finance experience on my resume. So I decided to fix those problems by going through 2 levels of the CFA and then refining my financial modeling skills.

Q: Now I?m going to stop the interview and end this discussion because you just mentioned ?CFA.?

Just kidding, since it was actually useful in your case.

A: I knew you were going to have that reaction! While it was essential for me to learn about finance and demonstrate that I was both serious and capable, now that I?m working at a bulge bracket bank I can attest to the fact that the CFA is (1) Not helpful for advancement, (2) Not valued by your bosses, and (3) Not possible to pass with the hours you?ll be working.

Q: And then? This story doesn?t end with the exam magically getting you in, right?

A: Nope. I went through tons of cold calls, resume submissions, and the usual networking tactics you?ve recommended before, and finally landed an opportunity at a regional boutique bank that focused on technology M&A.

We worked mostly with $10 ? $100 million revenue companies, and I liked it quite a bit at first since it was small and since I worked directly with the Partners. I spoke with CEOs and CFOs and learned all about banking there.

But I missed being involved with the markets, which are not really part of the equation for small, privately-owned companies, so I jumped at the opportunity to work in the Structured Finance group of a bulge bracket bank once I had been at the boutique for a while.

By then, the markets and hiring situation had improved quite a bit ? and I wanted to work with bigger companies and on bigger deals.

I hesitated only because I didn?t know exactly what Structured Finance was at the time.

Q: On that note, what exactly is Structured Finance? And how is it different from investment banking and sales & trading?

A: It?s harder to define because SF groups differ depending on the bank, and so you can?t apply a cookie-cutter definition as you could to, say, industry vs. product groups.

Basically, ?Structured Finance? refers to Fixed Income products and mostly mortgage-backed securities (MBS) and asset-backed securities (ABS).

An asset-backed security is just a security whose value and payments are derived from and backed by a pool of underlying assets ? auto loans, home equity loans, student loans, and credit card receivables, for example.

A mortgage-backed security is a subset of ABS where the security represents a claim on the cash flows from underlying mortgage loans.

?Structured? means that these securities are secured ? backed by collateral ? and so they?re different from unsecured bonds (i.e. high-yield debt).

In Structured Finance, we help companies raise capital by creating (?structuring?) these types of securities and then selling them to investors.

Q: OK, so it sounds like a Capital Markets group but it?s different from ECM since you?re not dealing with equity at all.

But how is it different from DCM? Aren?t you also working with secured debt there?

A: The difference is that DCM deals with ?plain vanilla? debt ? standard loans that companies issue and which are based on those companies? financial profiles and credit ratings.

In Structured Finance, we can use tools like ?credit enhancement? and ?bankruptcy remoteness? in order to bridge the gap between a company?s corporate rating and an A and sometimes even an AAA rating.

Since the note has these buffers, investors are more comfortable buying the paper and therefore require a lower interest rate ? which reduces the issuer?s cost of debt.

Q: So you?re making securities from risky companies look less risky by packaging them together in fancy ways.

What exactly are ?credit enhancements?? What about a ?bankruptcy remoteness??

A: Well, they look less risky because they are less risky. There are a few types of credit enhancement (stay with me ? we?re about to get technical):

(1) Overcollateralization ? This is when the value of the collateral pledged is higher than the contemplated size of the bond. If you have a pool of auto loans worth $100 and you are asking investors for a $90 bond, this is an example of overcollateralization. The benefit is the extra collateral available.

(2) Subordination ? Structured Notes typically have multiple classes of bonds. Let?s say we have a bond with three classes (A, B, and C) and that the bond pays sequentially and is secured by equipment loans (think tractors and bull dozers).

Bond A will pay down, while Classes B and C will earn interest. Once Class A is paid down completely, B will start, then C. If any losses occur they will be absorbed by Class C, then B. A enjoys credit enhancement through subordination of Classes B and C.

These are 2 examples of ?credit enhancements? ? making a security less risky by adding in special terms and pledges.

?Bankruptcy remoteness? means that if the issuing company ever goes bankrupt, the bankruptcy court cannot touch the collateral that secures the structured notes and cannot use them to pay off another party.

So it?s sort of like a get-out-of-jail-free card ? even if the worst happens and the company collapses, investors still have protection.

And it?s a win for the company as well, because the security gets a higher rating and the overall cost of borrowing goes down.

Q: So it sounds like you?re mostly working with lower-credit-rating companies and businesses that are on the brink of bankruptcy?

A: We work with companies across the credit spectrum, but not usually with those on the brink of bankruptcy.

We generally work with auto loan, credit card, and student loan companies ? secured loans are well-aligned with their business models since they have stable cash flows.

Those are 3 of the most common types of companies we work with, but you can securitize cash flows for almost anything with a fixed cash stream ? things like alarm systems, or even movie studios? film franchise revenues (Miramax just priced a deal recently).

It all comes down to the stability of the cash flows and how appealing we can make it look by packaging the securities differently.

Q: I see ? we?ll get into the technical details of your work later, but thanks for pointing that out.

I understand how it?s different from DCM and ECM, but what about something like Leveraged Finance? Do you see overlap with sales & trading or even with DCM, even though it?s technically different?

A: Sometimes we?re literally in competition with the DCM group ? especially when the markets are poor and everyone?s fighting for the same funding. Both of us may go in and pitch the same companies on why they should pursue a certain financing strategy, so it can make for an awkward relationship.

There isn?t as much competition with Leveraged Finance since we often work with the LevFin team ? companies sometimes have multi-step financing strategies and use both structured notes and high-yield debt to achieve their goals.

They might, for example, use structured notes to refinance high-yield debt or to pay it off when it reaches maturity.

At my bank, there are traders, bankers and salespeople that all fall into the SF group. The process starts with the bankers (my group) who ?originate? business by pitching clients to issue MBS and ABS notes.

Once we win a mandate, we work with the rating agencies and lawyers to structure the deal. We get input from the sales force about investor demand for certain types of ABS throughout the process.

We talk to the traders as well to see where an issuer?s outstanding ABS notes might be trading to get additional color on any new issue pricing ? and that?s how the bankers interact with the sales force and with traders.

Structured Recruiting?

Q: Thanks for that detailed overview of Structured Finance ? it makes a lot more sense now.

What about the recruiting process? What should you expect in interviews?

A: Generally you get the same types of questions that you would get in any banking interview ? accounting, valuation, and financial modeling, with the standard ?fit? questions.

Most importantly, you need to understand what Structured Finance IS and know key buzzwords like ?securitization? (the process of turning pools of loans into securities).

So do your homework on Structured Finance (everything above is a good start) and understand the types of assets that get securitized, the difference between an amortizing loan and a non-amortizing loan, and what makes an asset attractive or not attractive for securitization (hint: stable and predictable cash flows).

Your ?story? is always important, and you need a solid reason for stating that you want to do Structured Finance ? I can?t answer that one for you, but once you read part 2 of this interview you?ll get some more ideas.

One final point: recruiting, at least at my bank, is very heavily focused on only a few schools ? our intern pool came from only 4 schools, so it?s even more limited than the usual ?target school? selection.

That?s not to say you would be disqualified if you?re not coming from one of those schools (my alma mater isn?t on that list), but it certainly helps.

Q: It sounds very selective / random if they focus on only 4 schools.

What kinds of candidates are you looking for? Can undergraduates break in, or do you need more experience?

A: Most hires are straight out of undergraduate, but it?s such a niche area that there?s a premium for people who have experience.

There are only 10 or so banks with a strong presence in Structured Finance (you need a strong balance sheet, so pure-play investment banks aren?t market leaders), and generally the top 5 banks there look to hire undergrads and groom them to become future leaders, promoting them up the chain. They rarely make senior hires.

The bottom 5 banks in that group (anything smaller and more regional, and also a few European / Canadian / Other Foreign banks), by contrast, are constantly trying to poach talent from the top 5 banks and attempt to lure away senior bankers with more enticing pay packages.

You don?t need an MSF, MBA, or CFA to break in or to get promoted ? few bankers here even have graduate degrees. They care 100x more about your practical experience and how well you understand Structured Finance than they do about your certifications.

We?re very focused on the ?fit? of candidates, their relative intelligence, interest, and enthusiasm; just like in traditional investment banking, we spend countless hours with our colleagues? and we want to know that they?ll mesh with our group?s culture.

Q: So far it sounds much closer to a DCM or LevFin group in banking than a trading desk ? what about an average day in your life, though?

Are you working market hours or banker hours?

A:?Good question ? that will have to wait until part 2 of this interview, where I tell you all about an average day in my life, the pay, my co-workers, exit opportunities and more!


Source: http://www.mergersandinquisitions.com/structured-finance-jobs/?utm_source=rss&utm_medium=rss&utm_campaign=structured-finance-jobs

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App Stat Tallies Which Apps You Use, Helps You Clear Out Your iPhone [IPhone Downloads]

App Stat Tallies Which Apps You Use, Helps You Clear Out Your iPhoneiOS (Jailbroken): If you're the type to download tons of apps onto your phone and then file them away in folders to never use them, App Stat is a handy utility that shows your usage so you get rid of apps you don't use regularly.

App Stat shows your frequency of use, how long you use it for, and how recently you've used an app. It doesn't do much else, but for those of us with way too many apps doing absolutely nothing on our phones, it's a handy utility when it comes time to clean up old games and utilities. You can find App Stat free in the BigBoss Repository in Cydia.

App Stat | via Addictive Tips

Source: http://feeds.gawker.com/~r/lifehacker/full/~3/tNilFz3NKIA/app-stat-tallies-which-apps-you-use-helps-you-clear-out-your-iphone

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Monday, December 5, 2011

Cain announces he's suspending his campaign (AP)

ATLANTA ? The Cain train has come to a stop.

Herman Cain suspended his bid for the Republican presidential nomination on Saturday following a steady drumbeat of sexual misconduct allegations he said were harming his family and drowning out his ability to deliver his message.

With just one month to go until the lead-off Iowa caucuses, Cain's announcement is tantamount to a concession. Still, he told supporters, he planned to continue his efforts to influence Washington and announced "Plan B" ? what he called a grassroots effort to return government to the people.

Cain denounced the accusations of impropriety against him as "false and unproven" but said that they had been hurtful to his family, particularly his wife, Gloria.

"So as of today, with a lot of prayer and soul-searching, I am suspending my presidential campaign. I am suspending my presidential campaign because of the continued distractions and the continued hurt caused on me and my family," a tired-looking Cain told about a 400 supporters.

It was a remarkable turnabout for a man that just weeks ago vaulted out of nowhere to the top of the GOP field, fueled by a populist, outsider appeal and his catchy 9-9-9 tax overhaul plan.

Saturday's event was a bizarre piece of political theater even for a campaign that has seemed to thrive on defying convention.

Cain marked the end of his bid at what was supposed to be the grand opening of his new campaign headquarters in Atlanta. Minutes before he took the stage to pull the plug with his wife, Gloria, at his side, aides and supporters took to the podium to urge attendees to vote for Cain and travel to early voting states to rev up support for his bid.

"Join the Cain train," David McCleary, Cain's Georgia director, urged the audience.

Cain said he would offer an endorsement in the near future and he predicted a scramble among Republicans in the field to win the backing of his conservative, tea party base.

Former GOP rivals quickly issued statements Saturday praising Cain's conservative credentials and appeal. His withdrawal could help those seeking to run as an alternative to former Massachusetts Gov. Mitt Romney, seen by some as too moderate.

Cain's announcement came five days after an Atlanta-area woman claimed she and Cain had an affair for more than a decade, a claim that followed several allegations of sexual harassment against the Georgia businessman.

"Now, I have made many mistakes in life. Everybody has. I've made mistakes professionally, personally, as a candidate, in terms of how I run my campaign. And I take responsibility for the mistakes I've made, and I have been the very first to own up to any mistakes I've made," he said.

But Cain intoned: "I am at peace with my God. I am at peace with my wife. And she is at peace with me."

Cain, the former Godfather's Pizza chief executive who has never held elected office, rose just weeks ago to lead the volatile Republican race. But Cain fumbled policy questions, leaving some to wonder whether he was ready for the presidency. Then it was revealed at the end of October that the National Restaurant Association had paid settlements to two women who claimed Cain sexually harassed them while he was president of the organization.

A third woman told The Associated Press that Cain made inappropriate sexual advances but that she didn't file a complaint. A fourth woman also stepped forward to accuse Cain of groping her in a car in 1997.

Cain has denied wrongdoing in all cases, and continued to do so Saturday.

Polls suggest his popularity has suffered. A Des Moines Register poll released Friday showed Cain's support plunging, with backing from 8 percent of Republican caucusgoers in Iowa, compared with 23 percent a month ago.

But Cain said Saturday he would not go away and would continue trying to influence Washington from the outside,

He announced the formation of CainSolutions.com, which he said was a grassroots effort to bring government back to the people.

"I am not going to be silenced, and I am not going away. And therefore, as of today, Plan B. Plan B," he said.

_____

Follow Shannon McCaffrey: http://www.twitter.com/smccaffrey13

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111203/ap_on_el_pr/us_cain

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Giant super-earths made of diamond are possible

Giant super-earths made of diamond are possible [ Back to EurekAlert! ] Public release date: 5-Dec-2011
[ | E-mail | Share Share ]

Contact: Wendy Panero
Panero.1@osu.edu
614-292-6290
Ohio State University

SAN FRANCISCO A planet made of diamonds may sound lovely, but you wouldn't want to live there.

A new study suggests that some stars in the Milky Way could harbor "carbon super-Earths" giant terrestrial planets that contain up to 50 percent diamond.

But if they exist, those planets are likely devoid of life as we know it.

The finding comes from a laboratory experiment at Ohio State University, where researchers recreated the temperatures and pressures of Earth's lower mantle to study how diamonds form there.

The larger goal was to understand what happens to carbon inside planets in other solar systems, and whether solar systems that are rich in carbon could produce planets that are mostly made of diamond.

Wendy Panero, associate professor in the School of Earth Sciences at Ohio State, and doctoral student Cayman Unterborn used what they learned from the experiments to construct computer models of the minerals that form in planets composed with more carbon than Earth.

The result: "It's possible for planets that are as big as fifteen times the mass of the Earth to be half made of diamond," Unterborn said. He presented the study Tuesday at the American Geophysical Union meeting in San Francisco.

"Our results are striking, in that they suggest carbon-rich planets can form with a core and a mantle, just as Earth did," Panero added. "However, the cores would likely be very carbon-rich much like steel and the mantle would also be dominated by carbon, much in the form of diamond."

Earth's core is mostly iron, she explained, and the mantle mostly silica-based minerals, a result of the elements that were present in the dust cloud that formed into our solar system. Planets that form in carbon-rich solar systems would have to follow a different chemical recipe with direct consequences for the potential for life.

Earth's hot interior results in geothermal energy, making our planet hospitable.

Diamonds transfer heat so readily, however, that a carbon super-Earth's interior would quickly freeze. That means no geothermal energy, no plate tectonics, and ultimately no magnetic field or atmosphere.

"We think a diamond planet must be a very cold, dark place," Panero said.

She and former graduate student Jason Kabbes subjected a tiny sample of iron, carbon, and oxygen to pressures of 65 gigapascals and temperatures of 2,400 Kelvin (close to 9.5 million pounds per square inch and 3,800 degrees Fahrenheit conditions similar to the Earth's deep interior).

As they watched under the microscope, the oxygen bonded with the iron, creating iron oxide a type of rust and left behind pockets of pure carbon, which became diamond.

Based on the data from that test, the researchers made computer models of Earth's interior, and verified what geologists have long suspected that a diamond-rich layer likely exists in Earth's lower mantle, just above the core.

That result wasn't surprising. But when they modeled what would happen when these results were applied to the composition of a carbon super-Earth, they found that the planet could become very large, with iron and carbon merged to form a kind of carbon steel in the core, and vast quantities of pure carbon in the mantle in the form of diamond.

The researchers discussed the implications for planetary science.

"To date, more than five hundred planets have been discovered outside of our solar system, yet we know very little about their internal compositions," said Unterborn, who is an astronomer by training.

"We're looking at how volatile elements like hydrogen and carbon interact inside the Earth, because when they bond with oxygen, you get atmospheres, you get oceans you get life," Panero said. "The ultimate goal is to compile a suite of conditions that are necessary for an ocean to form on a planet."

This work contrasts with the recent discovery by an unrelated team of researchers who found a so-called "diamond planet" which is actually the remnant of a dead star in a binary system.

The Ohio State research suggests that true terrestrial diamond planets can form in our galaxy. Exactly how many such planets might be out there and their possible internal composition is an open question one that Unterborn is pursuing with Ohio State astronomer Jennifer Johnson.

###

This research was funded by Panero's CAREER award from the National Science Foundation.

Contact: Wendy Panero, 614-292-6290; Panero.1@osu.edu
Written by Pam Frost Gorder, 614-292-9475; Gorder.1@osu.edu



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Giant super-earths made of diamond are possible [ Back to EurekAlert! ] Public release date: 5-Dec-2011
[ | E-mail | Share Share ]

Contact: Wendy Panero
Panero.1@osu.edu
614-292-6290
Ohio State University

SAN FRANCISCO A planet made of diamonds may sound lovely, but you wouldn't want to live there.

A new study suggests that some stars in the Milky Way could harbor "carbon super-Earths" giant terrestrial planets that contain up to 50 percent diamond.

But if they exist, those planets are likely devoid of life as we know it.

The finding comes from a laboratory experiment at Ohio State University, where researchers recreated the temperatures and pressures of Earth's lower mantle to study how diamonds form there.

The larger goal was to understand what happens to carbon inside planets in other solar systems, and whether solar systems that are rich in carbon could produce planets that are mostly made of diamond.

Wendy Panero, associate professor in the School of Earth Sciences at Ohio State, and doctoral student Cayman Unterborn used what they learned from the experiments to construct computer models of the minerals that form in planets composed with more carbon than Earth.

The result: "It's possible for planets that are as big as fifteen times the mass of the Earth to be half made of diamond," Unterborn said. He presented the study Tuesday at the American Geophysical Union meeting in San Francisco.

"Our results are striking, in that they suggest carbon-rich planets can form with a core and a mantle, just as Earth did," Panero added. "However, the cores would likely be very carbon-rich much like steel and the mantle would also be dominated by carbon, much in the form of diamond."

Earth's core is mostly iron, she explained, and the mantle mostly silica-based minerals, a result of the elements that were present in the dust cloud that formed into our solar system. Planets that form in carbon-rich solar systems would have to follow a different chemical recipe with direct consequences for the potential for life.

Earth's hot interior results in geothermal energy, making our planet hospitable.

Diamonds transfer heat so readily, however, that a carbon super-Earth's interior would quickly freeze. That means no geothermal energy, no plate tectonics, and ultimately no magnetic field or atmosphere.

"We think a diamond planet must be a very cold, dark place," Panero said.

She and former graduate student Jason Kabbes subjected a tiny sample of iron, carbon, and oxygen to pressures of 65 gigapascals and temperatures of 2,400 Kelvin (close to 9.5 million pounds per square inch and 3,800 degrees Fahrenheit conditions similar to the Earth's deep interior).

As they watched under the microscope, the oxygen bonded with the iron, creating iron oxide a type of rust and left behind pockets of pure carbon, which became diamond.

Based on the data from that test, the researchers made computer models of Earth's interior, and verified what geologists have long suspected that a diamond-rich layer likely exists in Earth's lower mantle, just above the core.

That result wasn't surprising. But when they modeled what would happen when these results were applied to the composition of a carbon super-Earth, they found that the planet could become very large, with iron and carbon merged to form a kind of carbon steel in the core, and vast quantities of pure carbon in the mantle in the form of diamond.

The researchers discussed the implications for planetary science.

"To date, more than five hundred planets have been discovered outside of our solar system, yet we know very little about their internal compositions," said Unterborn, who is an astronomer by training.

"We're looking at how volatile elements like hydrogen and carbon interact inside the Earth, because when they bond with oxygen, you get atmospheres, you get oceans you get life," Panero said. "The ultimate goal is to compile a suite of conditions that are necessary for an ocean to form on a planet."

This work contrasts with the recent discovery by an unrelated team of researchers who found a so-called "diamond planet" which is actually the remnant of a dead star in a binary system.

The Ohio State research suggests that true terrestrial diamond planets can form in our galaxy. Exactly how many such planets might be out there and their possible internal composition is an open question one that Unterborn is pursuing with Ohio State astronomer Jennifer Johnson.

###

This research was funded by Panero's CAREER award from the National Science Foundation.

Contact: Wendy Panero, 614-292-6290; Panero.1@osu.edu
Written by Pam Frost Gorder, 614-292-9475; Gorder.1@osu.edu



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

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


Source: http://www.eurekalert.org/pub_releases/2011-12/osu-sg120511.php

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Louis Gaudinot interview: Green-haired little guy fighting to secure a spot in 125-pound division

Louis Gaudinot interview: Green-haired little guy fighting to secure a spot in 125-pound divisionReality shows are rarely a true glance at reality and the same goes for "The Ultimate Fighter." Sure the fights are real, but the cast members aren't always battling in their true weight divisions.

During the 14 seasons of TUF, loads of fighters have chosen to bail from their natural weight class and move up simply for a shot at the big leagues.

Louis Gaudinot and several other flyweight did so this year on TUF 14.

The 5-foot-3 Gaudinot, a true 125er went for broke. He lost in the round of 8, but he's been invited back for tomorrow night's TUF 14 Finale where he hopes to not only win, but make a lasting impression so he can be a mainstay in the soon-to-be-established UFC 125-pound divsion.

"When I was on the show, every time I saw Dana [White], you know me (John) Dodson, (Josh) Ferguson, we used to bug him about when the division was coming," Gaudinot told ESPN1100/98.9 FM in Las Vegas. "[...] I'm a top 10 at flyweight. It's kind of frustrating that that's the only division the UFC doesn't have."

Gaudinot lost a three-round battle against Dustin Pague. The 5-9 Pague simply overpowered the diminutive? New Yorker over the final half of fight. He has the same challenge tomorrow night against another 5-9 fighter in Johnny Bedford.

"On the show, he wanted to face Josh, who's also a 125er. Then he wanted to fight Dodson, who's also 125er. So I've gone around calling him the flyweight bully because he likes to pick on people who are smaller than him," said Gaudinot.

Gaudinot says the TUF 14 Finale will be different. His lack of size will help him.

"But his size advantage isn't going to be that much of an advantage. It's going to be harder for him to shoot on me and get low," Gaudinot said. "I'm going to be able to close the distance becaus I think I have better kickboxing than he does. I don't care how tall he is."

Gaudinot is a plus-190 underdog against Bedford. In the 135-pound title fight, Gaudinot chose Dodson to pull the upset at +190 over T.J. Dillashaw. He went with the favorite in Diego Brandao (-350) over Dennis Bermudez in the 145-pound fight.

Source: http://sports.yahoo.com/mma/blog/cagewriter/post/Louis-Gaudinot-interview-Green-haired-little-gu?urn=mma-wp10119

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Sunday, December 4, 2011

Singer Mindy McCready's 5-year-old son in custody (AP)

ST. PETERSBURG, Fla. ? By the time Arkansas authorities took country singer Mindy McCready's 5-year-old son from her and into custody on Friday evening, one thing had already become apparent to many in America: McCready's life has come to resemble a bad country song.

Since her emergence in the mid-1990s as a honey-voiced success story out of Nashville, McCready has been increasingly known for her personal foibles instead of her music.

This week's custody battle was the latest in a long saga of personal heartache and brushes with the law.

Florida Department of Children and Families spokeswoman Terri Durdaller wrote in an email Saturday that her agency was working with Arkansas state officials to bring McCready's son, Zander, back to her legal guardian in Florida. His maternal grandmother has been Zander's guardian since 2007.

Officials say he's safe and in good health.

"Zander is in Arkansas and we continue to arrange his swift arrival back to Florida," Durdaller wrote.

In Arkansas, Cleburne County Sheriff Marty Moss said Saturday that McCready didn't have permission to be in the unoccupied summer home where she was found Friday evening with her son. Authorities continue to investigate the matter, he said.

The sheriff's office said in a news release Saturday that it was known McCready had been a visitor to the area and that deputies were working with the U.S. Marshals Service to see if the singer might be there. Authorities located McCready after receiving a report of "possible occupants in a summer home that was supposed to be unoccupied," the news release said.

Authorities said officers entered the home and found McCready and her son in a bedroom closet. A man, David Wilson, was also in the residence. Moss said neither had permission to be in the residence, but neither was arrested at the time.

Moss told the Associated Press on Saturday that the house where all three were found is next door to one where Wilson has stayed in the past. He said he doesn't know if McCready is still in the area and doesn't expect that she will face any charges for being at the unoccupied home.

"I don't expect that to happen," Moss said.

Gayle Inge, Zander's grandmother and McCready's mother, was tearful when she talked about the news by phone Friday night with The Associated Press.

"I'm real excited that he's safe," she said. "But I can't explain what this is like. We feel for Mindy and we feel for Zander."

Inge said that her son ? McCready's half-brother ? texted McCready, who responded with a text that said her mother would never see her again.

"I want to wrap my arms around her and tell her that I love her," Inge said.

McCready, who turned 36 on Wednesday, did not respond to emails Friday and Saturday.

The weekend developments capped a days-long struggle between McCready and several others, including state of Florida child welfare authorities, a Fort Myers, Fla. judge and her own mother.

Authorities say McCready took the boy during a visit late last month to her father's southwest Florida home, where she was allowed to visit the boy. McCready's parents are divorced.

A Florida judge signed an order Thursday telling authorities to take the boy into custody and return him. It's not yet clear whether the singer could face criminal charges.

McCready said earlier in the week that she would not bring her son back from Tennessee, where she has a home, despite violating the custody arrangement. She told the AP that her son had suffered abuse at her mother's house, a claim that Inge vehemently denies.

"I'm doing all this to protect Zander, not stay out of trouble," McCready wrote in an email to the AP on Thursday. "I don't think I should be in trouble for protecting my son in the first place."

McCready told the AP Wednesday night she was in Tennessee and couldn't travel because she is seven months pregnant with twins.

The boy's father, Billy McKnight, told NBC's "Today" show Friday he spoke on the phone with McCready and their boy after the judge's Thursday deadline expired.

"He did sound healthy and OK. He wasn't crying or scared," McKnight said about their son.

"I think she believes she has a case and doesn't realize she's pushing her luck on this one," he said.

McCready and her mother have had a long custody battle over the boy, who was living with McCready's mother.

The singer had provided a series of emails to the AP with Lee County Judge James Seals' ruling to return the boy.

"Mom has violated the court's custody order and we are simply restoring the child back into our custody," the judge wrote. "Nothing more. Nothing less. The court makes no judgment about whether Mom will or will not competently care for the child while in her custody. It only wants the child back where the court placed him."

McCready found fame in the mid-1990s when she moved to Nashville at the age of 18, armed with only her karaoke tapes. Her first album, "Ten Thousand Angels," sold two million copies.

Her next four albums weren't as successful. Her personal troubles began encroaching on her professional success. According to her website, she suffers from severe depression.

McCready fought the release of a tape in which she reportedly talked about former Boston Red Sox and New York Yankees pitcher Roger Clemens, with whom she had an affair as a teenager.

In August, she filed a libel suit against her mother and the National Enquirer's parent company, American Media Inc., over a story published in the tabloid newspaper that quoted Inge.

And in 2008, McCready was admitted to a hospital after police said she cut her wrists and took several pills in a suicide attempt.

During the TV show "Celebrity Rehab 3" in 2010, McCready came off as a sympathetic figure, and host Dr. Drew Pinsky called her an angel in the season finale.

Follow Tamara Lush on Twitter at http://twitter.com/tamaralush

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111203/ap_on_en_mu/us_people_mccready

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Friday, December 2, 2011

[OOC] Playing Games

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Norwegian mass murderer Breivik insane, may avoid jail (Reuters)

OSLO (Reuters) ? Court-appointed psychiatrists have concluded that Norwegian mass killer Anders Behring Breivik is criminally insane, a prosecutor said on Tuesday, meaning he may be committed to a psychiatric institution indefinitely rather than sent to jail.

Breivik killed 77 people in July by bombing central Oslo and then gunning down dozens of mostly teenagers at a summer camp for the ruling Labour Party's youth wing.

"The conclusion is ... is that he is insane," prosecutor Svein Holden told a news conference. "He lives in his own delusional universe and his thoughts and acts are governed by this universe."

If the court accepts the psychiatrists' conclusions, the anti-immigration militant could be held as long as he poses a threat to society and may be released if found to be healthy.

Norwegian courts can challenge psychiatric evaluations or order new tests but it is rare for them to reject such a professional opinion.

If the evaluation is upheld, Breivik would not be put on criminal trial but would face a court hearing to rule on his criminal insanity and the length of his commitment to a psychiatric institution.

Breivik could then face similar hearings periodically to determine if he needs to remain committed, and could be held for life if he remained a threat.

Holden said Breivik had developed paranoid schizophrenia and was psychotic at the time of the attacks, and that his condition was persisting.

(Reporting by Gwladys Fouche, Victoria Kletsy and Balazs Koranyi; Editing by David Stamp)

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/nm/20111129/wl_nm/us_norway_killer

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Preclinical effectiveness of TB drug target validated

ScienceDaily (Nov. 29, 2011) ? In research at SRI International, scientists evaluating new drug targets against tuberculosis (TB) recently validated the preclinical effectiveness of a target that could rapidly eliminate infections and potentially shorten treatment time. The new drug target is a protein called DNA gyrase B, found in bacteria that cause TB infections.

DNA gyrase is an enzyme consisting of two subunits: gyrase A and gyrase B. Although gyrase A is often the target of antibiotics, such as ciprofloxacin, there currently is no antibiotic on the market that targets gyrase B. In laboratory experiments, SRI researchers found that by targeting gyrase B, TB bacteria are killed whether they are replicating or dormant. Further studies will be conducted toward the development of a TB drug against gyrase B.

"One of the greatest needs in infectious disease treatment is a drug that allows a shorter length of treatment," said Peter Madrid, Ph.D., program director in the Center for Infectious Disease and Biodefense Research, SRI Biosciences Division. "Though our program is still in the preclinical phase of research, with a number of years of required testing ahead, our goal is to develop a drug that will improve the treatment process for TB patients."

TB patients currently undergo treatment for six months and take a combination of at least four different drugs. There are often challenges to treatment effectiveness because of the long treatment time, including low patient treatment compliance and high rates of drug resistance. Tuberculosis that is resistant to multiple drugs takes even longer to treat, usually 18 to 24 months.

Research results are presented in the November 2011 Journal of Antimicrobial Chemotherapy in a paper titled "Evaluation of Gyrase B as a Drug Target in Mycobacterium tuberculosis."

The project described was supported by Award Numbers R56AI090817 and U01AI082070 from the National Institute of Allergy And Infectious Diseases. The content is solely the responsibility of the authors and does not necessarily represent the official views of the National Institute of Allergy and Infectious Diseases or the National Institutes of Health.

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Journal Reference:

  1. S. Chopra, K. Matsuyama, T. Tran, J. P. Malerich, B. Wan, S. G. Franzblau, S. Lun, H. Guo, M. C. Maiga, W. R. Bishai, P. B. Madrid. Evaluation of gyrase B as a drug target in Mycobacterium tuberculosis. Journal of Antimicrobial Chemotherapy, 2011; DOI: 10.1093/jac/dkr449

Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://www.sciencedaily.com/releases/2011/11/111129151544.htm

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Thursday, December 1, 2011

Nintendo brags about record Wii, 3DS Black Friday sales (Digital Trends)

nintendo-super-mario-3d-land-sales-black-friday-2011

Nintendo can thank Mario and Link for two good reasons to brag about Black Friday. The publisher has revealed that both Super Mario 3D Land and The Legend of Zelda: Skyward Sword have set sales records, each selling more than 500,000 copies since their respective launches on Nov. 11 and 20. Mario also helped ignite sales of Nintendo?s 3DS handheld, which skyrocketed 325 percent from sales during the week of Nov. 6, reports USA Today.

?What this has been able to do is drive our Nintendo 3DS business in only eight months to surpass the full first year volume of the original DS and we still have the bulk of the holiday to go,? said Reginald Fils-Aime, Nintendo of America President, ?and we still have the launch of?Mario Kart 7?(out Dec. 4) to continue driving our full-year sales on Nintendo 3DS.?

Nintendo debuted several new 3DS bundles in time for Black Friday as well, which undoubtedly helped spur sales. A Pink Nintendogs 3DS bundle, a black Ocarina of Time 3DS bundle, and a red Super Mario 3D Land bundle were all on store shelves. Strangely, even without a fancy new bundle, the Wii delivered solid sales as well, with more than 500,000 units sold during the Black Friday week?one of its strongest years yet, if not the best.?

Despite it?s relatively poor performance throughout the year, Nintendo is, like last holiday, making up lost ground during November and December. It?s also worth noting that, while 500,000 is certainly not anywhere near as many units as a game like Modern Warfare 3 will sell, Mario and Zelda games tend to have a long shelf life, picking up sales as they go along instead of shedding them like a typical blockbuster release. It?s kind of like how Avatar had a moderate opening, but kept building steam for months. It will be interesting to see how well the two games sell over time.

This article was originally posted on Digital Trends

More from Digital Trends

Nintendo: mobile games are bad for the industry, except Angry Birds

Kirby online trailer, Tower of Pandora, and Rhythm Paradise unveiled for Wii

Nintendo to exhibit at CES, DSi Black Friday bundles

Super Mario 3D Land Review

Source: http://us.rd.yahoo.com/dailynews/rss/personaltech/*http%3A//news.yahoo.com/s/digitaltrends/20111129/tc_digitaltrends/nintendobragsaboutrecordwii3dsblackfridaysales

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