Now it's time to build on that, and the focus will shift to the broader possibilities of VoIP, especially when used in a Unified Communications environment. That's the ground I'll be covering on December 7 at 1pm ET, and I hope you'll join us. Here's the URL - it just takes a moment to register.
Source: http://jonarnold-analyst.blogspot.com/2012/11/next-friday-webinar-voip-stepping-stone.html
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Chart shows water levels in feet for the Mississippi River near St. Louis
Chart shows water levels in feet for the Mississippi River near St. Louis
An empty barge, top, pulls along side a barge filled with soybeans as they prepare to switch places at an Archer Daniels Midland grain river terminal along the Mississippi River Wednesday, Nov. 28, 2012, in Sauget, Ill. The potential closure of the river due to low water levels has raised concern for barge companies and others who use the river for shipping with a prolonged shutdown of the river possibly costing billions of dollars in losses. (AP Photo/Jeff Roberson)
This Nov. 28, 2012 photo provided by The United States Coast Guard shows vessels navigating through close quarters at a fleeting area, where barges are picked up and dropped off, on the Mississippi River near St. Louis. Mo. The Mississippi, after months of drought, is approaching the point where it may become to shallow for barges that navigate the river. (AP Photo/United States Coast Guard, Colby Buchanan)
This Nov. 28, 2012 photo provided by The United States Coast Guard shows a WWII minesweeper exposed by the low waters of he Mississippi River near St. Louis, Mo. The vessel, swept away during the flood of 1993, was a museum ship in St. Louis and is normally underwater year-round. The Mississippi, after months of drought, is approaching the point where it may become to shallow for barges that navigate the river. (AP Photo/United States Coast Guard, Colby Buchanan)
This Nov. 28, 2012 photo provided by The United States Coast Guard shows man-made dikes along the shoreline of the Mississippi River South of St. Louis. The dikes, perpendicular to the shore, help direct the water flow back into the river to maintain a navigable depth. They are normally not seen but now exposed along with their large sandbars by months of drought and low water levels the could close the river to barge traffic. (AP Photo/United States Coast Guard, Colby Buchanan)
ST. LOUIS (AP) ? After months of drought, companies that ship grain and other goods down the Mississippi River are being haunted by a potential nightmare: If water levels fall too low, the nation's main inland waterway could become impassable to barges just as the harvest heads to market.
Any closure of the river would upend the transport system that has carried American grain since before steamboats and Mark Twain. So shipping companies are scrambling to find alternative ways to move tons of corn, wheat and other crops to the Gulf Coast for shipment overseas.
"You can't just wait until it shuts down and suddenly say, 'There's a problem,'" said Rick Calhoun, head of marine operations for Chicago-based Cargill Inc. "We're always looking at Plan B."
The mighty Mississippi is approaching the point where it may become too shallow for barges that carry food, fuel and other commodities. If the river is closed for a lengthy period, experts say, economic losses could climb into the billions of dollars.
It isn't just the shipping and grain industries that will feel the pinch. Grocery prices and utility bills could rise. And deliveries of everything from road-clearing rock salt for winter and fertilizer for the spring planting season could be late and in short supply.
"The longer it lasts, the worse it gets," said Don Sweeney, associate director of the Center for Transportation Studies at the University of Missouri-St. Louis. "It's inevitable that it will mean higher prices down the road."
The focus of greatest concern is a 180-mile stretch of the river between the confluences of the Missouri River near St. Louis and the Ohio River at Cairo, Ill. That's where lack of rain has squeezed the channel from its normal width of 1,000 feet or more to just a few hundred feet.
The river depth is 15 to 20 feet less than normal, now about 13 feet deep in many places. If it dips to around 9 feet, rock pinnacles at two locations make it difficult, if not impossible, for barges to pass. Hydrologists for the National Weather Service predict the Mississippi will reach the 9-foot mark by Dec. 9.
The situation worsened last week when the Army Corps of Engineers began reducing the outflow from an upper Missouri River dam in South Dakota, where a group of experts said Thursday that the worst U.S. drought in decades had intensified over the last week.
The flow is gradually being cut by more than two-thirds by Dec. 11 as part of an effort to ease the effects of the drought in the northern Missouri River basin.
Lawmakers from Mississippi River states are frustrated with the corps' action and even requested a presidential emergency declaration to overturn it. So far, the White House has not responded.
On Thursday, Army Assistant Secretary Jo-Ellen Darcy told Sen. Dick Durbin of Illinois and some of his colleagues from Iowa and Minnesota that the corps would consider cutting the amount of water held back from the Mississippi.
Darcy also pledged to expedite removal of rock formations south of St. Louis, though that work would take at least two months after a contractor is hired.
To Sen. Claire McCaskill, a Missouri Democrat, the stakes couldn't be higher.
"There is going to be a dramatic ripple effect to our economy if the barge traffic grinds to halt, which clearly it will if something is not done to avert this crisis," she said.
Her Missouri colleague in the Senate, Republican Roy Blunt, acknowledged "friction" between upper Missouri River interests that control the flow and those downstream on the lower Missouri and Mississippi rivers. He said the corps "needs to manage that balance."
Over the years, parts of the river have occasionally been closed because of low water, barge accidents, dredging, ice and flooding. But this shutdown, if it happens, would affect a pivotal stretch that is used for heavy two-way traffic ? shipments going south to the Gulf as well as transports from the Illinois and Ohio rivers headed north to Chicago and Minneapolis.
A two-month shutdown ? the length of time that some observers fear given current conditions ? would have an estimated impact of $7 billion, according to the river industry trade group American Waterways Operators.
Consider agricultural products. It costs 30 to 35 cents more per bushel to send grain to the Gulf by rail instead of barge ? a massive figure when calculating the millions of bushels shipped downriver.
"When you think of all we buy at the grocery store that has grain and corn, consumers could really see it hit them in the pocketbooks," said Ann McCulloch of the Waterways Operators group.
The Coast Guard controls navigation on the river and decides when to require restrictions or shut it down.
"It's really played by ear," Coast Guard Lt. Colin Fogarty said. "The Mississippi River is a dynamic environment."
River shippers are bracing for the worst, weighing train and truck alternatives to move a staggering volume of cargo, if necessary.
Seven million tons of farm products are shipped via barge in a typical December-January period, along with 3.8 million tons of coal, 1.7 million tons of chemical products, 1.3 million tons of petroleum products and 700,000 tons of crude oil, McCulloch said.
Trains already haul a vast volume of material, but switching from river to rail isn't that easy, especially on short notice. Cargill, for example, uses 1,300 of its own barges on inland waterways. Finding that much capacity elsewhere is no simple task.
"We'll look for other sources of transportation to the extent we can. But if you take away this important artery, you can't just snap your fingers and replace it with trains," Calhoun said. "There aren't just trains sitting around. They're already pretty busy with their business on their books."
Tractor-trailers can pick up some of the slack. But some cargo, such as coal, just isn't cost-effective to haul by truck over long distances, said Bob Costello, an economist with the American Trucking Associations.
Businesses operating directly on the river are bound to suffer, too.
George Foster founded JB Marine Service Inc. in St. Louis 36 years ago to make a living fixing and cleaning barges. An extended river closure may force layoffs, he said. He figures many other companies will be forced to cut jobs, too.
"It's extremely dire," Foster said. "There's no way to sugarcoat it."
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WASHINGTON (AP) ? The Secret Service said Thursday a man interfered with a motorcade carrying Republican presidential nominee Mitt Romney as his vehicle arrived at a secure checkpoint near the White House. The man was later arrested after he became combative during an interview with a police officer.
Secret Service spokesman Max Milien said the man, who was not identified, was standing near a security entrance to the White House and got in the motorcade's way. The vehicle stopped briefly at the security gate and then entered the White House complex.
Milien says the man was later interviewed by a uniform division officer and became combative. He was charged with assault on a police officer and unlawful entry.
Romney came to the White House for lunch with Obama, their first meeting since the election.
A CNN video of the incident shows a man briefly heckling Romney near the passenger side of the SUV before the vehicle proceeded through the gates and onto the grounds of the White House.
Source: http://news.yahoo.com/man-arrested-incident-romney-motorcade-194150902--politics.html
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When herbivores such as caterpillars feed, plants may "call for help" by emitting volatiles, which can indirectly help defend the plants. The volatiles recruit parasitoids that infect, consume and kill the herbivores, to the benefit of the plant. However, such induced plant odours can also be detected by other organisms. A new study published November 27 in the open access journal PLOS Biology shows how secondary parasitoids ('hyperparasitoids') can take advantage of these plant signals to identify parasitoid-infected caterpillars, and duly infect the primary parasitoid, to the detriment of the original plant.
Plant volatiles have long been considered to mediate this mutualistic relationship between plants and herbivores' natural enemies such as parasitoids. When a caterpillar feeds, the parasitoids are able to use the emitted volatiles to locate the otherwise inconspicuous caterpillar, releasing the plant from its attacker. This principle has made its way into sustainable agriculture by using natural enemies such as parasitoids to control herbivorous pests on agricultural crops. However, the largest group of enemies of parasitoids, hyperparasitoids, have so far been left out of studies in this area. This is because very little is known about the cues that hyperparasitoids use to locate their parasitoid hosts.
The new study, by a team of Dutch researchers led by Erik Poelman, shows that hyperparasitoids exploit the different plant odours that are released when a plant is fed upon by a parasitoid-infected caterpillar.
"In controlled laboratory assays as well as under field conditions, hyperparasitoids were offered plant odours coming from two types of plant: ones damaged by healthy caterpillars, and ones damaged by parasitoid-infected caterpillars. We found that they preferentially detected odours of plants damaged by infected caterpillars," explained Dr Poelman. "We were excited by these results as they indicate that hyperparasitoids rely on a network of interactions among plant, herbivore and parasitoids to locate their host".
To show how this complex network of interactions can reliably provide hyperparasitoids with information on the presence of their parasitoid host, the researchers collected saliva of the caterpillars, as they noticed the colour of saliva in healthy, non-host caterpillars was different to that of caterpillars hosting a parasitoid. Factors in caterpillar saliva play an important role in provoking the release of odours from plants, and a change in saliva composition may then alter the cocktail of odours emitted by the plant.
Indeed, Dr Poelman's team found that plant odours induced by the saliva of parasitized caterpillars was more attractive to hyperparasitoids than plant odours induced by the saliva of healthy caterpillars. Consequently, plant odours may actually reduce the benefit of attracting parasitoids to a plant.
"Our results demonstrate that the effects of herbivore-induced plant volatiles should be placed in a community-wide perspective that includes species at the fourth trophic level, to improve our understanding of the ecological functions of volatile release by plants," said Dr Poelman. In addition to the ecological aspects of their work, the authors also stress that their findings are important for developing Integrated Pest Management strategies, in which crops are manipulated to control insect pests by using parasitoids.
Although parasitoids are effective biological control agents, this study suggests that using plant odours to optimize biological control of pests may have side effects that could actually reduce the benefit of pest control, said Dr Poelman.
###
Poelman EH, Bruinsma M, Zhu F, Weldegergis BT, Boursault AE, et al. (2012) Hyperparasitoids Use Herbivore-Induced Plant Volatiles to Locate Their Parasitoid Host. PLoS Biol 10(11): e1001435. doi:10.1371/journal.pbio.1001435
Public Library of Science: http://www.plos.org
Thanks to Public Library of Science 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/125551/The_hungry_caterpillar__Beware_your_enemy_s_enemy_s_enemy
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WASHINGTON (AP) ? Top House Republicans announced their recommendations Tuesday for the new Congress' committee chairmanships, an all-male list that includes returning Paul Ryan to the Budget panel and seven new faces to head other committees.
The leaders proposed waiving the GOP's six-year term limit for Ryan, R-Wis., to keep his chairmanship.
At that perch on the Budget Committee, Ryan became one of the Congress' highest-profile conservatives even before GOP presidential nominee Mitt Romney picked him this summer as his vice presidential running mate, thanks to Ryan's tax-and-spending blueprints calling for overhauling Medicare and cutting taxes. Ryan is considered a potential 2016 GOP presidential contender.
Several other long-term committee chairs would be replaced, including Rep. Ileana Ros-Lehtinen, R-Fla., who has led the Foreign Affairs Committee. Instead, the leaders recommended Rep. Ed Royce, R-Calif.
Asked about the lack of women among the leaders' recommendations to head committees, Michael Steel, spokesman for House Speaker John Boehner, R-Ohio, noted that three women have been selected to the party's leadership for next year. They include Rep. Cathy McMorris Rodgers, R-Wash., who will be the No. 4 House GOP leader.
Ros-Lehtinen said she did not request an exemption from the six-year term limit, saying Ryan was an exception because "he was our vice presidential candidate." As for the lack of women, she noted that Boehner had yet to pick chairs for two panels ? the Ethics and House Administration committees ? and said, "Don't write the headline yet."
Rep. Candice Miller, R-Mich., who had been hoping to become chair of the Homeland Security Committee, issued a statement congratulating Rep. Mike McCaul, R-Texas, whom the leaders proposed to take over the panel from Rep. Peter King, R-N.Y.
"Our team will continue focusing on reforms that will grow our economy and create new jobs, and on holding the Obama administration accountable through aggressive oversight of the executive branch," Boehner said in a written statement. "The House of Representatives is an outpost in Democratic-controlled Washington for the priorities of the American people, and I have every confidence that the chairmen selected today are up to the task of translating those priorities into solutions Americans are counting on to get our economy moving again."
Another notable change was Rep. Jeb Hensarling, R-Texas, a member of the GOP leadership who would replace Rep. Spencer Bachus, R-Ala., atop the House Financial Services Committee.
The recommendations are made by the 34-member House Republican Steering Committee, which consists of Boehner, other GOP leaders, some committee chairs and other lawmakers representing geographic regions and the freshmen and sophomore classes of House Republicans.
The leaders' recommendations are scheduled to be voted on Wednesday by all House Republicans. Traditionally, challenges to the leaders' suggested chairmanships are rare and none are expected on Wednesday.
"The Steering Committee grants waivers from time to time," Steel said when asked why the leaders want to exempt Ryan from the six-year term limit on his Budget chairmanship post.
In other changes, Rep. Robert Goodlatte, R-Va., would replace Rep. Lamar Smith, R-Texas, atop the Judiciary Committee. Smith would take over the Science, Space and Technology panel from Rep. Ralph Hall, R-Texas. And Rep. Bill Shuster, R-Pa., would head the Transportation and Infrastructure Committee, now headed by Rep. John Mica, R-Fla.
Rep. Pete Sessions, R-Texas, will head the Rules Committee instead of Rep. David Dreier, R-Calif., who is retiring. That job is made by appointment by the speaker and is not subject to approval by the rest of the House GOP.
Source: http://news.yahoo.com/house-gop-recommends-committee-chairmen-230855562.html
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The ministry believes it will hurt the infant domestic industry and has proposed a gradual phase-out of negative trade list over a period of five years.
Pakistan is planning to grant most-favoured nation (MFN) status to India by the end of December and start free trade in January, the Express Tribune reports.
The Ministry of Textile and farmers' lobbies like the Farmers Associates Pakistan are opposing free trade with India on fears that it will swallow up Pakistan's economy, the report said.
According to officials, the Ministry of Industries has recommended to the government to link the opening up of trade with reciprocal measures by India to ease the non-tariff barriers that stand in the way of Pakistan's exporters.
It said that in case India stops removing the barriers during a period of time, the phase-out of negative trade list should be stopped by Pakistan for the same period, the report said.
The ministry said that the commerce ministry has identified 636 items for trade with India after consultation with the industry and a study conducted by IBA Karachi.
The industry said that while trade liberalisation is welcome, it will only benefit both sides if undertaken in a structured manner, providing space to the industry in the backdrop of the energy crunch, floods, law and order situation and high interest rates, the report added.
According to the South Asia Free Trade Area (SAFTA) accord, except for the items placed in the sensitive list, the rest of the tariff lines will come down to 0-5% by January next year.
"This will not only allow a huge quantum of tariff lines to be opened up for trade, the tariff will also be reduced drastically, for example, from as high as 35% to 5% in January 2013, which may have a huge cost impact on the local industry faced with a plethora of domestic supply-side constraints," the ministry said. (ANI)
Source: http://www.karachinews.net/index.php/sid/211015126/scat/8c3d7d78943a99c7
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This photo combo provided by the Gagarin Cosmonaut Training Center via NASA, shows NASA astronaut Scott Kelly and Russian cosmonaut Mikhail Kornienko. Kelly and Kornienko will spend an entire year aboard the International Space Station beginning in 2015, according to reports, Monday, Nov. 26, 2012. The extended mission was approved almost two months ago to provide a medical foundation for future missions around the moon, as well as far-flung trips to asteroids and Mars. (AP Photo/Gagarin Cosmonaut Training Center via NASA)
This photo combo provided by the Gagarin Cosmonaut Training Center via NASA, shows NASA astronaut Scott Kelly and Russian cosmonaut Mikhail Kornienko. Kelly and Kornienko will spend an entire year aboard the International Space Station beginning in 2015, according to reports, Monday, Nov. 26, 2012. The extended mission was approved almost two months ago to provide a medical foundation for future missions around the moon, as well as far-flung trips to asteroids and Mars. (AP Photo/Gagarin Cosmonaut Training Center via NASA)
CAPE CANAVERAL, Fla. (AP) ? A former space shuttle commander whose twin brother is married to former Rep. Gabrielle Giffords will attempt the longest spaceflight ever by an American.
NASA astronaut Scott Kelly and Russian cosmonaut Mikhail Kornienko will spend an entire year aboard the International Space Station beginning in 2015.
Both countries' space agencies announced the names of the two veteran spacefliers on Monday. The extended mission was approved almost two months ago to provide a medical foundation for future missions around the moon, as well as far-flung trips to asteroids and Mars.
Both men already have lived aboard the space station for six months. NASA wanted experienced space station astronauts to streamline the amount of training necessary for a one-year stint. Officials had said the list of candidates was very short. They will begin training next year.
"Their skills and previous experience aboard the space station align with the mission's requirements," Bill Gerstenmaier, head of human exploration for NASA, said in a statement. "The one-year increment will expand the bounds of how we live and work in space and will increase our knowledge regarding the effects of microgravity on humans as we prepare for future missions beyond low-Earth orbit."
Kelly's identical twin brother, Mark Kelly, retired from the astronaut corps last year and moved to Tucson, Ariz., his wife's hometown. The former congresswoman was critically wounded in an assassination attempt in January 2011, while Scott Kelly was living aboard the space station.
Astronauts normally spend about four to six months aboard the space station. The longest an American lived there was seven months, several years back.
Russia, though, will continue to hold the world space endurance record.
Three cosmonauts spent at least a year aboard the old Mir space station. A Russian physician, Valery Polyakov, logged nearly 15 continuous months there in the mid-1990s.
Boris Morukov, head of the Moscow-based Institute for Medical and Biological Problems, Russia's main space medicine research center, told the Interfax news agency that communications and food rations for Kelly and Kornienko may be limited during their yearlong mission to better simulate interplanetary travel.
Kelly and Kornienko will launch aboard a Russian rocket from Kazakhstan. Americans must buy seats on Russian spacecraft now that NASA's shuttles have retired to museums, until private U.S. companies have vessels capable of carrying human passengers. That's still four or five years off.
Kelly is a 48-year-old, divorced Navy captain with two daughters. Kornienko, 52, a rocket engineer, is married with a daughter.
"We have chosen the most responsible, skilled and enthusiastic crew members to expand space exploration, and we have full confidence in them," Russian Space Agency chief Vladimir Popovkin said in the announcement.
___
AP writer Vladimir Isachenkov in Moscow contributed to this report.
___
Online:
NASA: http://www.nasa.gov/mission_pages/station/main/index.html
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Along with the human and property losses caused by Hurricane Sandy, there were monumental business losses too. Companies lost facilities, their employees were displaced, and operations were disrupted. Companies that rely on direct mail suffered losses too. If I had sent a direct mail piece in some areas of New Jersey and New York just before Sandy hit, I could have lost a large investment, with little hope of recouping my costs.
Other kinds of disasters can strike direct mail campaigns too. A recent blog post, ?Direct Mail Horror Stories? by James E. Sullivan on the MeeMoo2 Marketers blog, tells the story of a company that lost a very costly mailing when a Post Office truck rolled down a hill in Pennsylvania and caught fire.
How can you prevent costly mail losses like those? These common-sense precautions are worth keeping in mind:
Don?t put all your printed ?eggs? in one basket. Instead of making one large and expensive mailing, spread your campaign out over a number of smaller, less expensive mailings. That distributes the risk of something going wrong.
Deliver your marketing messages across a number of media and networks. You know your company best, and therefore know what the best media and networks are ? newspaper ads and inserts, local cable TV, radio spots, and even billboards. Using multiple channels distributes the risk of failure and lessens it.
Use emails, online ads, social media, and other digital marketing media where you can. Of course computers went dark in many areas when Hurricane Sandy struck. But online channels are more risk-tolerant than printed items, which are subject to fire, water, mishandling, and other disasters.
Permalink: http://www.stepbystepmarketing.com/?p=12101
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GOMA, Democratic Republic of Congo (Reuters) - Congo said on Sunday it would not negotiate with M23 rebels in the east until they pulled out of the city of Goma, but a rebel spokesman said Kinshasa was in no position to set conditions on peace talks.
Congolese President Joseph Kabila met with M23 for the first time on Saturday after an urgent summit in Uganda where regional leaders gave M23 two days to leave Goma, which the rebels seized six days ago after U.N.-backed government troops melted away.
Eight months into a rebellion that U.N. experts say is backed by neighboring Rwanda, the rebels have so far shown no sign of quitting the lakeside city of one million people.
The rebels say they plan to march on other cities in the east, and then strike out across the country to the capital Kinshasa, across 1,000 miles of dense jungle with few roads, a daunting feat achieved 15 years ago by Kabila's father.
Amani Kabasha, a spokesman for M23's political arm, welcomed the meeting with Kabila but questioned the government's resolve to end a crisis that risks engulfing the region.
"Why put conditions on talks? You pose conditions when you are in a position of strength. Is the government really in such a position?" Kabasha told Reuters in Goma, which sits on the north shore of Lake Kivu at Congo's eastern border with Rwanda.
Vianney Kazarama, the rebels' military spokesman, said government forces that had been reinforcing along the shores of the lake were now deploying in hills around the rebel held town of Sake and government-held Minova, both Goma's west.
A U.N. source in Minova said government soldiers had gone on a looting spree for a second straight night there. The town was calm on Sunday but gunshots rang out overnight, the source said.
"What is real is that the morale of the troops is very low. They've lost hope in the commanders," the U.N. source said.
The Congolese army has vowed to launch counter-offensives and win back lost territory. The rebels have warned the government against embarking on a "new military adventure".
So far, the unruly and poorly-led army has been little match for the rebels, despite assistance from a U.N. peacekeeping mission that deployed attack helicopters to support the government before Goma fell.
Rebel leaders share ethnic ties with the Tutsi leadership of Rwanda, a small but militarily capable neighbor that intervened often in eastern Congo in the 18 years since Hutu perpetrators of Rwanda's genocide took shelter there. Rwanda has repeatedly denied Congolese and U.N. accusations it is behind M23.
Saturday's Kampala summit called on the rebels to abandon their aim of toppling the government and proposed that government troops be redeployed inside Goma.
The rebels have not explicitly rejected or accepted the proposals. They are, however, unlikely to cede control of the city or accept government soldiers inside it.
WITHDRAW
Regional and international leaders are trying to halt the latest bout of violence in eastern Congo, where millions have died of hunger and disease in nearly two decades of fighting fuelled by local and regional politics, ethnic rifts and competition for reserves of gold, tin and coltan.
"Negotiations will start after the (M23) withdrawal from Goma," Congolese government spokesman Lambert Mende said.
Kabila was still in the Ugandan capital on Sunday morning but was expected to return to Kinshasa later in the day or on Monday, two Congo government sources said. Kabila's communications chief Andre Ngwej said he did not believe official talks would start in the next few days.
While Kabila's army is on the back foot, analysts are skeptical the rebels can make good on their threat to march on Kinshasa without major support from foreign backers.
The regional leaders' plan proposed deploying a joint force at Goma airport comprising of a company of neutral African troops, a company of the Congolese army (FARDC) and a company of the M23.
In a statement, the Kinshasa government said Tanzania would take command of the neutral force and that South Africa had offered "substantial" logistical and financial contributions towards it. The Kampala plan did not say what the consequences would be if the rebels did not comply.
(Writing by Richard Lough; Editing by James Macharia and Peter Graff)
Source: http://news.yahoo.com/congo-says-no-talks-rebels-unless-quit-goma-032444393.html
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26. Nov, 2012
FOR IMMEDIATE RELEASE
MS in Investment Management program at Pace University?s Lubin School of Business recognized by the Global Association of Risk Professionals
New York, NY ? November 26, 2012 ? The Global Association of Risk Professionals has welcomed the MS in Investment Management program at Pace University?s Lubin School of Business into the Partnership for Risk Education, as a GARP Academic Partner.
GARP Partnership for Risk Education is a framework through which interested academic institutions can assess whether their risk management offerings are aligned with global industry needs and best practices. The cornerstone of GARP?s Partnership for Risk Education is the Financial Risk Manager (FRM?) program and Energy Risk Professional (ERP?) certification examinations: administered globally, they are certifications recognized by risk professionals worldwide.
?We are delighted that GARP has recognized our MS in Investment Management program,? said Dean Neil Braun.? ?The FRM is one of the premier designations in finance and this recognition assures our students and stakeholders of the outstanding quality of our program.?
Pace?s MS in Investment Management is determined by GARP to significantly cover the body of knowledge, and the ethics/professional conduct learning objectives, required for the FRM Part I examination and to prepare students for careers in financial risk management.
About the Lubin School of Business at Pace University
Globally recognized and prestigiously accredited, the Lubin School of Business integrates New York City?s business world into the experienced-based education of its students at Pace?s suburban and downtown campuses, implemented by the region?s largest co-op program, team-based learning, and customized career guidance. Its programs are designed to launch success-oriented graduates toward upwardly mobile careers.? www.pace.edu/lubin
About The Global Association of Risk Professionals
The Global Association of Risk Professionals (GARP) is a not-for-profit membership organization dedicated to preparing professionals and organizations to make better-informed risk decisions. GARP?s membership represents more than 150,000 risk management practitioners and researchers at academic institutions, banks, corporations, government agencies, and investment management firms in 195 countries. GARP administers the Financial Risk Manager (FRM?) and Energy Risk Professional (ERP?) exams?certifications recognized by risk professionals worldwide. GARP is committed to advancing the role of risk management via education for professionals at all levels of expertise. Visit www.garp.org.
Media contact:? Bill Caldwell, Pace, 212-346-1597, wcaldwell@pace.edu
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FILE - In this Thursday, Nov. 22, 2012, file photo, shoppers wait on a check-out line in the Times Square Toys-R-Us store after doors were opened to the public at 8 p.m., in New York. U.S. shoppers hit stores and websites at record numbers over the four-day Thanksgiving weekend, according to a survey released by the National Retail Federation on Sunday. They were attracted by retailers' efforts to make shopping easier, including opening stores on Thanksgiving evening, updating mobile shopping applications for smartphones and tablets, and expanding shipping and layaway options. (AP Photo/John Minchillo)
FILE - In this Thursday, Nov. 22, 2012, file photo, shoppers wait on a check-out line in the Times Square Toys-R-Us store after doors were opened to the public at 8 p.m., in New York. U.S. shoppers hit stores and websites at record numbers over the four-day Thanksgiving weekend, according to a survey released by the National Retail Federation on Sunday. They were attracted by retailers' efforts to make shopping easier, including opening stores on Thanksgiving evening, updating mobile shopping applications for smartphones and tablets, and expanding shipping and layaway options. (AP Photo/John Minchillo)
WASHINGTON (AP) ? Talk of compromise on a broad budget deal greeted returning lawmakers Monday, but agreement still seemed distant as the White House and congressional Republicans ceded little ground on a key sticking point: whether to raise revenue through higher tax rates or by limiting tax breaks and deductions.
House Speaker John Boehner, R-Ohio, pressed his case for revenue derived by reducing tax loopholes rather than raising tax rates on wealthy taxpayers, as President Barack Obama insists.
Boehner, voicing the Republican stance, said: "The American people support an approach that involves both major spending cuts and additional revenue via tax reform with lower tax rates."
At the White House, Obama spokesman Jay Carney reiterated the president's pledge not to sign legislation that extends current tax rates to the top 2 percent of income earners ? households with incomes over $250,000. "That is a firm position," Carney said.
Congress and Obama have until the end of the year to avoid across-the-board tax increases that would do away with rates set during the administration of President George W. Bush and restore higher tax rates in place during President Bill Clinton's administration when the economy was robust and the federal government had a budget surplus.
White House and congressional leadership aides said Obama spoke separately with House Speaker John Boehner and Democratic Senate Majority Leader Harry Reid over the weekend. The aides would not reveal details of the conversations. Obama last met with the bipartisan congressional leadership to discuss the fiscal cliff on Nov. 16. No new meetings have been announced.
Boehner and other GOP leaders planned to meet Wednesday with members of a bipartisan coalition of former members of Congress and business leaders that has advocated cuts in spending in major health care programs as well as changes in the tax code to raise more money but also to lower rates.
Obama met with some members of that same coalition earlier this month. Top officials from the U.S. Chamber of Commerce and from the Business Roundtable met with senior White House aides on Monday.
In addition to looming tax hikes, the new year could also result in steep spending cuts in defense and domestic programs. Lawmakers and the White House fear that such a combined "fiscal cliff" would undercut the military and set back an economic recovery. Republicans say that while they are open to revenue increases, Obama also has to agree to reductions in entitlement spending, particularly in massive health care programs such as Medicare and Medicaid.
Carney on Monday said Obama was open to changes in those programs, but said Obama does not want to address Social Security as part of the fiscal cliff discussions.
"The president has long made clear that he is open to discussions about strengthening Social Security as part of a separate track," Carney said, adding that Social Security is not contributing to the deficit.
Looking to buttress their case on taxes, White House economists warned Monday that the uncertainty of a potential hike in taxes next year for middle class taxpayers could hurt consumer confidence during the crucial holiday shopping season.
In a new report, President Barack Obama's National Economic Council and his Council of Economic Advisers said that if lawmakers don't halt the automatic increase in taxes for households earning less than $250,000, consumers might even curtail their shopping during the current holiday season.
"As we approach the holiday season, which accounts for close to one-fifth of industry sales, retailers can't afford the threat of tax increases on middle-class families," the report said.
Meanwhile, the stock market edged lower in the morning as the outcome of the budget talks remained inconclusive.
Retailers such as Macy's, Target and Saks were down, amid fears that consumers might cut back this season. But the National Retail Federation reported earlier that 247 million shoppers visited stores and shopping websites during the long Thanksgiving weekend, up 9 percent from a year ago. They spent an average of $423, up 6 percent.
The White House report also said a sudden increase in taxes for middle-income taxpayers would reduce consumer spending in 2013 by nearly $200 billion, significantly slowing the economic recovery.
The figures echo estimates by private forecasters and by the Congressional Budget Office.
According to the report, a married couple earning between $50,000 and $85,000 with two children would see a $2,200 increase in their taxes.
Congressional Republicans, led by Boehner, have said they are open to including discussions about additional revenue but have balked at any plan that raises tax rates on the wealthy. They argue that the higher rates would also hit some small businesses, stifling economic growth.
Instead, they have advocated changes in the tax code that would eliminate tax breaks and loopholes that primarily benefit the wealthy. Several key Republican lawmakers have also said they would not be bound by a no-tax-increase pledge that they have adhered to in the past.
Tennessee GOP Sen. Bob Corker is circulating a bill claiming $4.5 trillion in deficit savings over the coming decade, including $749 billion in higher tax revenue by capping itemized deductions at $50,000, a proposal that hits wealthier taxpayers the hardest.
Corker's plan ? shared with the White House and congressional leaders ? contains a roster of other budget proposals, including a less generous inflation adjustment for Social Security, and a gradual increase in Social Security eligibility to 68, and 67 for Medicare. Upper income earners also would pay more for Medicare.
But Carney said the tax revenue sought by Obama can't be achieved by simply restricting tax deductions
"Math tells us that you can't get the kind of balanced approach that you need without having rates be part of the equation," he said. "We haven't seen a proposal that achieves that, a realistic proposal that achieves that."
___
Associated Press writer Andrew Taylor contributed to this report.
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History would kindly tell us that this isn't the very first deal Netflix and Warner Bros. have struck in past months -- and, well, chances are it won't be the last one either. Earlier today, the streaming giant announced it had reached a new agreement with the California-based studio which will bring a hefty amount of new content to subscribers in Canada. Starting January of next year, Netflix streamers in the Great White North can start watching TV shows such as The Vampire Diaries, Fringe and Pretty Little Liars, as well as films like The Hangover Part II, Horrible Bosses and even the critically-acclaimed blockbuster The Dark Knight Rises -- although these movies will come "for a limited period following their pay television window." There's still some time before the deal bears fruit, so perhaps the next few weeks could be used to start clearing that overloaded Instant Queue of yours.
Filed under: Home Entertainment, HD
Source: Netflix
Source: http://www.engadget.com/2012/11/26/netflix-warner-bros-deal-canada/
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All Critics (145) | Top Critics (39) | Fresh (137) | Rotten (8)
Achieves its sunny disposition by pulling punches.
A funny, tender and mostly unsentimentalized movie about physical and emotional triumph.
Forced to do all his acting with his face, Hawkes displays the kind of camera-arresting capability that has earned others Oscar nominations.
This is a crowd-pleaser of the finest sort.
Using only his tilted head, his eyes, nose, and mouth and that quizzical voice, Hawkes brings O'Brien to life.
It is rare to watch a movie where sex is treated with maturity, religion is treated with respect and characters are so heart-warmingly written and portrayed.
Raw, unrestrained and sympathetic without giving in to melodrama, 'The Sessions' is about a man facing a physical challenge who decides he wants to become intimate with a woman.
An intelligent, funny, insightful film that offers a frank examination of sex. It's not prurient or titillating, just truthful.
A remarkable actor, John Hawkes, gives a remarkable performance as a remarkable character.
Surprisingly funny and touching.
Presents the sensitive O'Brien as a brave, funny, unselfish and unlikely romantic-fantasy dream hero for disappointed, weary or jaded older female moviegoers.
The uplifting struggle for living a life of dignity for paralyzed from the neck down polio victim Mark O'Brien.
The sex scenes are frank and explicit, but never cheap and exploitative. (Yes, they get naked. Grow up.) The nudity isn't airbrushed pin-up perfection, but raw and real - and all the more lovely and moving because of it.
Taking the good with the bad, this isn't a terrible movie, though it is being rather overhyped. I found myself laughing a lot and enjoying the transformations the actors go through, but an unengaging story only serves to drag it down.
A film, inspired by the life of the late poet-journalist Mark O'Brien, that celebrates the relationship between physical and emotional intimacy.
Not just another weepy drama of overcoming odds, a My Left Foot with a different appendage. The Sessions is often brazenly funny, not from shocking dialogue but characters reacting the way people do, especially with such a flustering subject as sex.
an unusually frank and frequently humorous meditation on the transformative power of connection
Take away the nudity and the frank sex talk and you'd pretty much be left with a high-minded TV movie -- with unusually good actors.
Hunt's tangible disregard for false modesty does justice to the misunderstood surrogacy profession, while Hawkes' committed yet matter-of-fact portrayal of O'Brien masterfully avoids theatricality or sappy heartstring tugging.
Lewin has never had talent like Hawkes, Hunt, and Macy as his instruments before, and he makes the best of them.
Popular sex therapist Dr. Ruth once said that sexual surrogates are "illegal." The Sessions makes them mainstream.
An adult film that approaches the serious subject of sex with refreshingly explicit honesty.
The honest performances and assured direction makes The Sessions an extremely accomplished film that celebrates sexuality.
John Hawkes and Helen Hunt generate an endearing chemistry, here, turning in a couple of virtuoso performances deserving of serious consideration come Oscar season.
Source: http://www.rottentomatoes.com/m/the_sessions/
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By Tina Boomerina (Christina Gregoire)
If you are a Boomer or you are the child of a Boomer, here are some ideas for birthday or holiday presents for people over over 50 or 60.? Check out Baby Boomer Christmas cartoons, nostalgia gifts, Rick Steves books, stuff made in America, and more.
As a Boomer chick who?s right?in the middle of the Baby Boomer cohort, I?ll do my best to give you a list of Christmas presents that your favorite Boomer?will love... whether or not he or she will admit it.
1. The Original Christmas Classics DVD
Once upon a time, there were only three television channels, plus PBS. Well, I haven?t seen all of the cartoons and stop-animation goodies on this DVD, but most Boomers will remember these shows. So, get ready to watch your favorite Boomer?s eyes glaze over with nostalgia, and get yourself some earplugs so you can make it through another round of stories about the good old days. The real gift will be when you visit your dad or mom and show him/her how to change the channel from Netflix Instant to DVD input. What a gift.
2. Baby Boomer Nostalgia
Nostalgia and trivia books for Baby Boomers are always fun. Heck? just getting an actual hard-copy book is nostalgic. Here are some ideas:
3. Retro Baby Boomer Candy
There are several websites that specialize in candy from the 50?s, 60?s, and 70?s.? If your Boomer with a sweet tooth isn?t borderline diabetic, here are some of the weird goodies I remember from my childhood.
Oh my Gawd, these are just a few of the candies that I see and all of them crack me up.? You do know?that most of these sugary treats?cost a penny or a nickel back in the day.? Then inflation hit and some of them?rose to?(gasp) a dime.
4. Mediterranean Cruise Ports by Rick Steves
I love all of the Rick Steves guidebooks. His books are based on getting to know the locals and getting the biggest bang for your buck. I do find it a bit weird for Rick Steves to be talking about one-day excursions, but I trust everything he says, and I never go to Europe without buying?the appropriate book?beforehand.? (Well, I did go once without doing my Rick-Steves homework? and I?ll never do that again.)? The Mediterranean Cruise Ports book?will show?you how to make the most of?a few hours in?the main?Mediterranean?ports and how to get to several cool places nearby.
Even if mom isn?t booked on a Mediterranean cruise, it?s fun to browse travel books. Daydreaming is fun. And, who knows, mumsy might decide to take you along someday.
5. Gifts Made in America
Most Boomers actually remember a time when the United States still had a deep manufacturing base. Shoes were made in America. Clothes were made in America. Heck, even toys were manufactured here.
If you want to keep the United States in business, do your part to bring back America?s manufacturing base. I don?t think that having an ?information based? economy is sustainable in the long run. And, manufacturers in the US are almost always more environmentally aware (or coerced) than manufacturers in less regulated parts of the world. And, I?m no hillbilly country-western type of Boomer; I?m an ex-hippie.
Be sure to let mom or dad know that you chose the product because it was made in the USA, and buying American-made products is the best way to fight corporate greed.
Just type, ?Made in the USA,? into any search engine. You will see several site directories that will give you lots of ideas.
6. Best Present from Gen X?and Gen Y
Stop calling us ?seniors.? Many Boomers are still in their 50s. Even though that sounds old to you juniors, it?s not quite Seniorsville, which traditionally starts at age 65. ?And, stop talking about golden years, unless you?re referencing the David Bowie song. As for Silver Surfer, I?ve never been able to stand on a surfboard and?my natural?hair is?neither silver nor gray. If you want to call me a grade-A platinum b**ch, that might be acceptable.
// ]]>
If you can?t manage to stop calling us "seniors," consider getting your favorite Boomer mom or dad?the South Park Episode of Grey Dawn.? Or, give your mom a promise that you'll call her once a week. Then, follow through.? Well, be careful about following through? you might give your mom a heart attack.
More Articles for Baby Boomers:
What to Get Your Husband for Christmas: Gifts for Older Guys
Baby Boomers & Technology: Save Money & Save Time
Large Plus Size Bathing Suits in Cute Prints
Source: http://boomerinas.com/2012/11/6-christmas-gifts-for-baby-boomer-men-women/
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ZURICH (Reuters) - U.S. jazz musician Marcus Miller was injured on Sunday along with members of his band when their bus crashed in Switzerland, killing the driver, police said.
The two-time Grammy winner was travelling with 10 members of his band from Monte Carlo in Monaco to Hengelo in the Netherlands when the bus crashed on the highway near the town of Schattdorf in central Switzerland.
A Swiss police spokesman said the driver died from his injuries. The reserve driver, Miller and the members of his band were all injured but not seriously, he said, declining to give further details.
Miller, who plays keyboard and clarinet as well as electric bass, has collaborated with Miles Davis and Luther Vandross and was on tour to promote his album Renaissance.
Earlier this year, 22 children and six adults returning from on a ski trip organized by a Belgian school were killed in a bus crash in Switzerland.
(Reporting by Emma Thomasson; Editing by Jon Hemming)
Source: http://news.yahoo.com/u-musician-marcus-miller-hurt-swiss-bus-crash-143003202.html
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ST. LOUIS (AP) ? The Army Corps of Engineers on Friday began reducing the flow from a Missouri River reservoir, a move expected to worsen low-water conditions on the Mississippi River and potentially bring barge traffic to a halt within weeks.
The Missouri flows into the Mississippi around a bend just north of St. Louis. One result of this year's drought, the worst in decades, has been a big drop in water levels on both rivers.
The corps announced earlier this month that it would reduce the outflow from the Gavins Point Dam near Yankton, S.D., to protect the upper Missouri River basin. That drew an outcry from political leaders and businesses downstream, who warned that allowing the Mississippi to drop more could have devastating economic consequences.
Corps spokeswoman Monique Farmer told The Associated Press on Friday that the reduction began as scheduled that morning. By midday, the flow that had started at 37,500 cubic feet per second had been cut to 35,500 cubic feet per second.
Farmer said plans call for a gradual reduction down to 12,000 cubic feet per second by Dec. 11 because of the drought.
"We're hoping Mother Nature brings some snow this winter," she said, "but we've been told to expect low, stable conditions, that it's probably going to remain dry."
The cut in flow comes despite opposition from the governors of Missouri and Illinois and 77 members of Congress whose states sit along the Mississippi River. Scott Holste, a spokesman for Missouri Gov. Jay Nixon, said his office never received a reply to a letter Nixon sent Army Assistant Secretary Jo-Ellen Darcy, asking that the corps delay plans to reduce the Missouri River flow.
The Mississippi is nearing historic lows between St. Louis and Cairo, Ill. Barges are already required to carry lighter loads and the middle of the river could be closed to barge traffic if the water level at St. Louis dips below minus 5 feet. It was at minus 0.45 feet Friday.
A zero river reading at St. Louis was established more than a century ago. It's the point at which people at that time thought the river would never drop below.
The National Weather Service forecast for river levels extends only as far as Dec. 6. It calls for the Mississippi River to get to minus 3.7 feet at St. Louis by then. Businesses that ship on the river and their trade groups expect to get to minus 5 feet by around Dec. 10.
Barges carry 20 percent of the country's coal and more than 60 percent of its grain exports. Other cargo, including petroleum products, lumber, sand, industrial chemicals and fertilizer, also gets shipped along the Mississippi River.
Barge operators and those who ship on the Mississippi have warned that a shutdown would have disastrous economic consequences on those industries, with companies laying off workers if it lasts for any significant amount of time.
River shipping trade groups have even asked President Barack Obama to intervene.
"This is a pending economic emergency," said Ann McCulloch, director of public affairs for the American Waterways Operators.
A message left with the White House on Friday was not returned.
The weather forecast offers little hope with no big storms in sight.
While the drought has eased in the St. Louis area, it persists in the upper Mississippi and upper Missouri river basins, which feed water to the areas below, said Scott Truett, a meteorologist with the National Weather Service office in St. Louis.
"That means less runoff and hence low water levels," Truett said.
The corps has taken steps to keep the Mississippi open as long as possible, including increasing dredging. It also plans to remove two rock formations in the river in southern Illinois that jut up, potentially scraping the bottoms of barges when water levels are low.
But that work isn't expected until February, although 15 senators and 62 House members in separate letters asked for the rock removal to be expedited.
Corps officials in Omaha say the drought already has hurt recreation along the upper Missouri River areas. The low water has exposed Native American artifacts, leaving them prone to looting, and if it persists into spring, hydropower could be impacted.
Corps officials in Omaha say they are bound by the Missouri River Master Manual to act in the best interest of the Missouri River basin and what happens on the Mississippi is incidental.
Source: http://news.yahoo.com/apnewsbreak-corps-cuts-flow-missouri-river-170814085--finance.html
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Home | Home & family | Pets 
Weight
It?s important that you weigh your horse on a regular basis. If worms are present in your horse then they will absorb many of the nutrients that the horse is taking in from its feed. So, if your horse is losing weight, or failing to gain weight from increased grain, then this is one of the main symptoms that worms are present and a visit from the vet may be in order.
Coat
The simplest way of determining the presence of worms is to look at the horse?s coat. If it is dull and lifeless, or patchy in places, then the nutrients from the horse?s grain are not being digested properly and are not stimulating healthy hair growth.
Stool
If these symptoms are evident then the next step is to either examine the horse?s stool. If the stool is continually loose then this points towards a digestive tract that is being tampered with by worms. Upon closer inspection it may be possible to identify the presence of worms in the stool sample itself. However, for a more definitive diagnosis, taking a stool sample to your vet will help to identify the types of worms present and the extent to which the horse is infected.
Before you spend a lot of money on vet?s fees, these three simple steps of monitoring the horses weight, coat and stools will help you to determine the problem if you suspect the presence of worms. Indeed, these are the common symptoms of worms in any animal, such as a cat or a dog, so it is worth bearing these signs in mind before embarking on a trip to the vets.
Treating Worms
The good news is that, whilst worms are a common problem in horses, the treatment of worms is a straight forward and relatively inexpensive process. Some of the cheapest horse wormers available are combination wormers that offer protection against a variety of parasitical strains. Something like an equestpramox year pack, for example, offers a worming plan that will cover your horse for the duration of the year and is widely available for around ?70, although discounts maybe found through companies that specialise in wormers online.
Whilst the thought of worms in any animal is rather off putting the treatment is always cheap and simple. Domestic pet wormers, such as Drontal for cats or Drontal Plus for dogs, offer protection in the home environment, whereas more industrial strength products such as equimax horse wormer and equest horse wormer offer protection for your horse.
There are a variety of different horse wormers available on the market designed to combat worms in all their stages and forms.
About the Author
Debbie Reade is a frequent contributor of articles for Wormers.co.uk and has written on many subjects pertaining to all animal needs including cats and dogs but mainly on the subject of Equine health.
Article Directory Source: http://www.articlerich.com/profile/Debbie-Reade/321102
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Source: http://www.articlerich.com/Article/How-Can-I-Tell-If-My-Horse-Has-Worms-/2452471
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I recommend driving through the neighborhoods where you'd like to live and writing down the names of the agents you see who have signs up in the yards. These agents already have local market knowledge of the area you want to live in, and they also have rapport with the homeowners and community.?
Once you've identified several agents that have a good presence, you should do some research online and narrow that list down to the top 3 or 4 agents you'd like to speak with. Zillow.com and Realtor.com are two great websites that provide reviews from past clients and allow you to see what type of homes and how many homes these agents are selling.?
Schedule a day at a local coffee shop and block out 15 or 20 minutes for an initial interview, and have these agents meet with you one on one so you can interview them and ask questions. After that hour or so, you'll have an idea of which agent you think will work best with you.?
Keep in mind too, that as a buyer, you have the privilege of working with multiple Realtors. Feel free to continue interviewing agents as you meet them or receive referrals from friends and family. You should only start working exclusively with one Realtor when you are sure that they are competent, trustworthy, and understanding of your needs.?
Good luck with your search and your new home.
Source: http://www.zillow.com/advice-thread/How-do-I-find-a-reliable-realtor-who-would-help-me/469258/
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From the beginning of recorded history, horse racing has been depicted as an organised and popular sport common to all of the world's major civilizations. The Olympic Games of ancient Greece featured events involving both mounted and chariot racing. The sport was then taken up by the Romans. Mounted and chariot horse racing became major areas of enterprise in Roman Empire days; these events were the product of breeding programs with imported bloodlines and extensive training programs. Horseracing had all elements of legalized betting like bookies, proper racing tracks, hit tips, scandals and, red hot entertainment and excitement. Horse racing saw a decline that coincided with the Roman Empire's decline. It began to pick up speed once more once mankind was well into a more modern era.
Horse racing took a professional turn as long ago as the twelfth century, when English Crusader knights came back in the company of Arab horses. This set off a trend that lasted for the forthcoming period of hundreds of years: more and more Arab stallions were imported for crossing with English mares. The ensuing offspring were a real mix of speed and endurance. These cross bred horses were the forefathers of today's horse racing breeds.
As quantum technological jumps in transport and other fields of human concern took place in the 19th century and later , thousands of people became hooked on watching horse races and gambling on racing horses. Horseracing started to get intensive coverage in distinguished newspapers, and gambling volumes consistently increased. The arrival of organised on-site bookmakers brought along a complete sea change. Random and sometimes illegal, sometimes unethical practices led to a moderately successful Jockey Club effort to establish really high standards of order, discipline and integrity that ensured the sport's continued well being.
All around the world, attendance at race courses has been shooting up right into the early part of this century. There had been a decline in attendance during the 1970s and 1980s. The technology wonder of online web wagering has influenced horse racing in ways never conceived of earlier. Online betting has drawn a completely new generation of spectators and betters to the Game of Kings; they prefer to conduct all of their activities in front of their computers and TV sets. The facility to bet and earn cash legally from the result of horse races has been a core part of this sport's appeal and a major factor behind its survival as a sport with a presence.
Source: http://recreationsportsupdates.blogspot.com/2012/11/horse-racing-history.html
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Source: http://okymevucol.posterous.com/horse-racing-history-recreation-and-sports-bl
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SYDNEY (Reuters) - The Australian government was granted permission by a court on Friday to prepare legal action against coal baron Nathan Tinkler as creditors close in on the former billionaire, threatening to end a rags-to-riches story built on the nation's mining boom.
The New South Wales Supreme Court gave the Deputy Commissioner of Taxation leave to prepare a case against Tinkler's holding company, the latest of a series of legal actions over unpaid bills and commercial disputes.
Further adding to Tinkler's woes, court documents also showed an Irish racehorse stud owned by Sheikh Mohammed bin Rashid al-Maktoum, the ruler of Dubai, has subpoenaed Tinkler personally to provide information in an unrelated case.
The emergence of two new, powerful potential foes is likely to unsettle Tinkler's lenders and raises questions about the future of his main asset, a near one-fifth stake in Whitehaven Coal
"He's exposed to great liability," Marina Nehme, a senior law lecturer at the University of Western Sydney, told Reuters. "It's like a house of cards falling."
Tinkler, 36, enjoyed a heady rise from mining pit electrician to Australia's youngest billionaire in just a few short years, riding on the back of the country's once-in-a-century mining boom.
But a slide in coal prices has hit his net worth and a series of lawsuits have followed.
Liquidators were appointed this week to two firms of which he is director, Patinack Farm Administration Pty Ltd and Mulsanne Resources Ltd, over debts totaling more than A$28 million.
Tinkler paid creditors A$500,000 ($520,000) this week to stop wind-up petitions against Tinkler Group Holdings Administration Pty Ltd.
But the relief was short-lived when the Australian tax office stepped in to take over the action as a potential creditor. Senior deputy court registrar Rebel Kenna gave the tax office until December 10 to prepare a case against the company.
The Australian Taxation Office declined to provide any further details on the case.
Andrew Korbel, a partner at Corrs Chambers Westgarth, who represented Tinkler Group Holdings Administration on Friday declined to comment outside court. Tim Allerton, a Sydney-based spokesman for Tinkler, also declined to comment.
HORSE PLAY
Court documents show the Kildangan Stud Unlimited subpoena is to be heard by another New South Wales state court next week.
Kildangan is part of Darley, the global breeding operation owned by Sheikh Mohammed, a keen equestrian and breeder with horse studs around the world.
Located in County Kildare, Ireland, the Kildangan Stud is home to eight stallions, including Sharmadal, the sire of two winning mares, Marquardt and Happy Hippy, bought by Tinkler's Patinack Farm.
"This is a commercial matter between Kildangan Stud and Mr. Tinkler relating to thoroughbred stallion nominations and we have no further comment on the matter," Darley's managing director Joe Osborne told Reuters in an email.
Stallion nominations involve fees for broodmares to mate with selected stallions.
Tinkler spent millions of dollars building Patinack into Australia's largest thoroughbred racing and stud operation.
He built his empire spanning horse racing, sports clubs and coal on debt, scraping together A$1 million from lenders for an underrated coal deposit that quickly soared in value.
He then leveraged his gains in a series of bold moves, culminating in the $5 billion merger of his companies Aston Resources and Boardwalk Resources with Whitehaven this year.
But Nehme said the combined legal actions raise the specter of several unpleasant scenarios for Tinkler, including civil and criminal charges if he is found to have been operating the liquidated companies while they were insolvent.
The value of Tinkler's holding in Whitehaven has shrunk below A$600 million from A$1.1 billion at its peak as Chinese demand for coal cooled.
Sources previously told Reuters the stake is heavily leveraged. His main backer, U.S. hedge fund manager Farallon Capital Management LLC's asset manager Noonday, has been looking at options including pressing for the sale of shares or converting some of the loans into equity.
"Additional pressure from entities including the Australian Taxation Office puts pressure on Noonday and Farallon to do something about Tinkler's stake," said Matthew Trivett, a coal and specialty metals analyst at Patersons Securities.
Noonday and Farallon could call in the loans to ensure the transfer of ownership of the stake before other creditors begin chasing the stake, Trivett said.
They would likely take a hit, but might decide to "book the loss to take the assets away from Tinkler," Trivett said. ($1 = 0.9623 Australian dollars)
(Editing by Lincoln Feast and Paul Tait)
Source: http://news.yahoo.com/australian-tax-office-pursue-coal-baron-tinkler-090417657--sector.html
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