Friday, March 29, 2013

Rethinking the US Economy: Part 3 | Slog

As I said before, the US replaced economists with financial mathematicians. The difference between the two is significant. The former is concerned with eradicating scarcity/poverty and liberating a society "from pressing economic cares"?and as a Marxist vanishes at the very moment capitalism vanishes, an economist vanishes at the moment a society is unchained from its economy. The latter is simply about the mathematics of making money and nothing more. At one point in US history, around late 60s and early 70s, economists were no longer needed (the Keynesian years are the twilight of economics) and vacuum was quickly filled by those whose main project was creating an ideal environment for entrepreneurs and investors. What we have today is the result of this project: ownership society.

In ownership society, everyone is an entrepreneur (Gary Becker's human capital) and all that we do is tied to the fluctuations of the market (Carlo Vercellone's "becoming-rent of salary"). We are rational actors in the speculative paradise of an efficient market. True, this utopia took a hit in 2008, but its structure remained intact. But even if we found a way to dismantle ownership society, we couldn't just go back to Keynesian economics because we already live in a society that has eradicated poverty, a society whose scarcity is caused by cultural and not natural forces?meaning, we no longer need economics. (One solution to the death of this profession has been behavioral economics; but this solution turns out to be nothing more than a response to the flaws in the rational actor theory at the heart of the neoclassical mode?behavioral economics does not provide answers to what to do "when accumulation of wealth is no longer of high social importance.")

But what kind of profession should replace economics? Recall that Marx saw the universal as the metabolic relationship between humans and nature. It's this relationship that needs the attention of our best thinking. At present, we have too many good minds tied with up the mathematics of transforming pennies into nickels for those who have "semi-criminal, semi-pathological propensities" (what we call economics today), when what we really should be trying to solve is the bad state of the current interchanges between the urban and nature, between human life and all other life forms, nations and biogeochemical cycles. This kind of work does not need an economist (whose main concern is, after all, economic growth and development) but men/women who specializes in the manipulation and invention of human behaviors. Human plasticity is the resource of concern for this profession. The social engineer replaces the economist.

Source: http://slog.thestranger.com/slog/archives/2013/03/28/rethinking-the-us-economy-part-3

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Opposites attract: How cells and cell fragments move in electric fields

Mar. 28, 2013 ? Like tiny, crawling compass needles, whole living cells and cell fragments orient and move in response to electric fields -- but in opposite directions, scientists at the University of California, Davis, have found. Their results, published April 8 in the journal Current Biology, could ultimately lead to new ways to heal wounds and deliver stem cell therapies.

When cells crawl into wounded flesh to heal it, they follow an electric field. In healthy tissue there's a flux of charged particles between layers. Damage to tissue sets up a "short circuit," changing the flux direction and creating an electrical field that leads cells into the wound. But exactly how and why does this happen? That's unclear.

"We know that cells can respond to a weak electrical field, but we don't know how they sense it," said Min Zhao, professor of dermatology and ophthalmology and a researcher at UC Davis' stem cell center, the Institute for Regenerative Cures. "If we can understand the process better, we can make wound healing and tissue regeneration more effective."

The researchers worked with cells that form fish scales, called keratocytes. These fish cells are commonly used to study cell motion, and they also readily shed cell fragments, wrapped in a cell membrane but lacking a nucleus, major organelles, DNA or much else in the way of other structures.

In a surprise discovery, whole cells and cell fragments moved in opposite directions in the same electric field, said Alex Mogilner, professor of mathematics and of neurobiology, physiology and behavior at UC Davis and co-senior author of the paper.

It's the first time that such basic cell fragments have been shown to orient and move in an electric field, Mogilner said. That allowed the researchers to discover that the cells and cell fragments are oriented by a "tug of war" between two competing processes.

Think of a cell as a blob of fluid and protein gel wrapped in a membrane. Cells crawl along surfaces by sliding and ratcheting protein fibers inside the cell past each other, advancing the leading edge of the cell while withdrawing the trailing edge.

Assistant project scientist Yaohui Sun found that when whole cells were exposed to an electric field, actin protein fibers collected and grew on the side of the cell facing the negative electrode (cathode), while a mix of contracting actin and myosin fibers formed toward the positive electrode (anode). Both actin alone, and actin with myosin, can create motors that drive the cell forward.

The polarizing effect set up a tug-of-war between the two mechanisms. In whole cells, the actin mechanism won, and the cell crawled toward the cathode. But in cell fragments, the actin/myosin motor came out on top, got the rear of the cell oriented toward the cathode, and the cell fragment crawled in the opposite direction.

The results show that there are at least two distinct pathways through which cells respond to electric fields, Mogilner said. At least one of the pathways -- leading to organized actin/myosin fibers -- can work without a cell nucleus or any of the other organelles found in cells, beyond the cell membrane and proteins that make up the cytoskeleton.

Upstream of those two pathways is some kind of sensor that detects the electric field. In a separate paper to be published in the same journal issue, Mogilner and Stanford University researchers Greg Allen and Julie Theriot narrow down the possible mechanisms. The most likely explanation, they conclude, is that the electric field causes certain electrically charged proteins in the cell membrane to concentrate at the membrane edge, triggering a response.

The team also included Hao Do, Jing Gao and Ren Zhao, all at the Institute for Regenerative Cures and the UC Davis departments of Ophthalmology and Dermatology. Sun is co-advised by Mogilner and Zhao; Gao is now working at Yunnan Normal University, Kunming, China, and Ren Zhao is at the Third Military Medical University, Chongqing, China.

The work was funded by the National Institutes of Health, the California Institute for Regenerative Medicine and the National Science Foundation.

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The above story is reprinted from materials provided by University of California - Davis.

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Journal Reference:

  1. Yaohui Sun, Hao Do, Jing Gao, Ren Zhao, Min Zhao, Alex Mogilner. Keratocyte Fragments and Cells Utilize Competing Pathways to Move in Opposite Directions in an Electric Field. Current Biology, 2013; DOI: 10.1016/j.cub.2013.02.026

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/matter_energy/electricity/~3/lasFFKFuUus/130328125100.htm

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Feeling down | Step Talk

Just wondering who the "oldest" SM on this site is and how did you make it as long as you have?
I have been a SM for 3 years and its so hard and not getting easier.

There are currently 79 users and 168 guests online.

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There is no good age

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Pope washes feet of young detainees in ritual

ROME (AP) ? Pope Francis washed and kissed the feet of a dozen inmates at a juvenile detention center in a Holy Thursday ritual that he celebrated for years as archbishop and is continuing now that he is pope. Two of the 12 were young women, a remarkable choice given that the church's current liturgical law says only men should participate.

The Mass was held in the Casal del Marmo facility in Rome, where 46 young men and women currently are detained. Many of them are Gypsies or North African migrants, and the 12 selected for the foot-washing rite included Orthodox and Muslim detainees, news reports said.

Because the inmates were mostly minors ? the facility houses inmates aged 14-to-21 ? the Vatican and Italian Justice Ministry limited media access inside. But Vatican Radio carried the Mass live, and Francis told the detainees that Jesus washed the feet of his disciples on the eve of his crucifixion in a gesture of love and service.

"This is a symbol, it is a sign ? washing your feet means I am at your service," Francis told the youngsters. "Help one another. This is what Jesus teaches us. This is what I do. And I do it with my heart. I do this with my heart because it is my duty, as a priest and bishop I must be at your service."

Later, the Vatican released a limited video of the ritual, showing Francis washing black feet, white feet, male feet, female feet and even a foot with tattoos. Kneeling on the stone floor as the 12 youngsters sat above him, the 76-year-old Francis poured water from a silver chalice over each foot, dried it with a simple cotton towel and then bent over to kiss each one.

As archbishop of Buenos Aires, the former Cardinal Jorge Mario Bergoglio would celebrate the ritual foot-washing in jails, hospitals or hospices ? part of his ministry to the poorest and most marginalized of society. It's a message that he is continuing now that he is pope, saying he wants a church "for the poor."

Previous popes would carry out the foot-washing ritual on Holy Thursday in Rome's grand St. John Lateran basilica. The 12 people chosen for the ritual would always be priests to represent Christ's 12 apostles.

That Francis would include women in this re-enactment is remarkable given current liturgical rules that restrict the ritual to men.

Canon lawyer Edward Peters, who is an adviser to the Holy See's top court, noted in a blog that the Congregation for Divine Worship in 1988 said in a letter to bishops that "The washing of the feet of chosen men ... represents the service and charity of Christ who came 'not to be served, but to serve.'"

Peters noted that bishops over the years have successfully petitioned Rome for an exemption to allow women to participate, but that the law on the issue is clear.

"By disregarding his own law in this matter, Francis violates, of course, no divine directive," Peters wrote Thursday. "What he does do, I fear, is set a questionable example."

Others welcomed the example he set.

"The pope's washing the feet of women is hugely significant because including women in this part of the Holy Thursday Mass has been frowned on ? and even banned ? in some dioceses," said the Rev. James Martin, a Jesuit priest and author of "The Jesuit Guide."

"It shows the all-embracing love of Christ, who ministered to all he met: man or woman, slave or free, Jew or Gentile," he said.

After the Mass, Francis greeted each of the inmates and gave each one an Easter egg.

"Don't lose hope," he said. "Understand? With hope you can always go on."

One of the inmates then asked him why he had come to visit them. Francis said it was to "help me to be humble, as a bishop should be." He said he wanted to come "from my heart. Things from the heart don't have an explanation," he said.

Italian Justice Minister Paola Severino, who has made easing Italy's woefully overcrowded prisons a priority, attended the Mass.

___

Follow Nicole Winfield at www.twitter.com/nwinfield

Source: http://news.yahoo.com/pope-washes-feet-young-detainees-ritual-173757747.html

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Thursday, March 28, 2013

US futures down as jitters about Europe continue

Mar 26 (Reuters) - Leading money winners on the 2013 PGATour on Monday (U.S. unless stated): 1. Tiger Woods $3,787,600 2. Brandt Snedeker $2,859,920 3. Matt Kuchar $2,154,500 4. Steve Stricker $1,820,000 5. Phil Mickelson $1,650,260 6. Hunter Mahan $1,553,965 7. John Merrick $1,343,514 8. Dustin Johnson $1,330,507 9. Russell Henley $1,313,280 10. Kevin Streelman $1,310,343 11. Keegan Bradley $1,274,593 12. Charles Howell III $1,256,373 13. Michael Thompson $1,254,669 14. Brian Gay $1,171,721 15. Justin Rose $1,155,550 16. Jason Day $1,115,565 17. Chris Kirk $1,097,053 18. ...

Source: http://news.yahoo.com/us-futures-down-jitters-europe-continue-122552133--finance.html

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Lakers World Peace out 6 weeks, needs knee surgery

(AP) ? Los Angeles Lakers forward Metta World Peace will have surgery on a torn meniscus in his left knee and miss the next six weeks.

The Lakers announced the timeline on Wednesday. World Peace is scheduled to have surgery Thursday and he won't be ready when the playoffs begin next month, if the Lakers reach the postseason.

They are in eighth place in the West, just a game ahead of Utah and Dallas for the final playoff spot.

World Peace was injured on Monday night against Golden State. He is averaging 12.8 points and 5.1 rebounds.

D'Antoni says Jodie Meeks will start Wednesday night against Minnesota in World Peace's place. That means Kobe Bryant will be the small forward.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2013-03-27-BKN-Lakers-World-Peace/id-cafbec18ef264395bbfc1a6fe3f2be4d

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Camila McConaughey: I?m Always Running to Breastfeed

"It's hard to be back to work with such full force early on because your brain is not fully there. You have baby brain," McConaughey, 30, jokes to PEOPLE.

Source: http://feeds.celebritybabies.com/~r/celebrity-babies/~3/a4wXBmJQPMc/

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Air Force general picked for NATO post

WASHINGTON (AP) ? A senior Air Force general is being nominated to take over as commander of all U.S. and NATO forces in Europe.

Gen. Philip M. Breedlove is the top Air Force commander in Europe. Defense Secretary Chuck Hagel says Breedlove is particularly well qualified. Hagel announced the nomination Thursday.

If confirmed, Breedlove would be the first Air Force general to hold the top NATO job since Joseph Ralston served in the post from 2000-2003.

Breedlove would succeed Navy Adm. James Stavridis, who has held the job since 2009.

President Barack Obama chose Breedlove after his first choice for the job, Marine Gen. John Allen, announced he would retire after 19 months commanding allied forces in Afghanistan because of his wife's health issues.

Source: http://news.yahoo.com/hagel-says-air-force-general-pick-nato-post-185002937.html

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Wounded Syrian treated in Israeli hospital dies

JERUSALEM (AP) ? A Syrian wounded in the country's civil war and brought to Israel on Wednesday for medical treatment has died, a hospital spokesman said.

He was one of seven wounded Syrians who sought refuge at the border with the Israeli-controlled Golan Heights that morning. Israel's military said medics rushed to the site and treated five there before releasing them back to Syria. Two others, both with head wounds, were brought to northern Israel's Nahariya Hospital for the Western Galilee for emergency treatment and surgery.

Hospital director Masad Barhoum, one of a team of doctors that treated the Syrians, said medical staff did their best to save the life of the man who died, but he had suffered a bullet wound through the head that caused massive bleeding.

The other wounded Syrian is in critical condition, he said.

Hospital spokesman Hagai Einav said the wounded men are believed to be civilians because they were wearing jeans rather than uniforms when brought to the hospital. It was not clear how the Syrians were wounded or how they got to the border.

This is the third time Israel has assisted Syrians injured in Syria's civil war and brought them to the Jewish state for medical treatment, but this is the first time one of them has died.

Israel and Syria are bitter enemies and have fought several wars. Despite constant hostility between the two countries, both sides have been careful to keep the frontier quiet since the 1973 Mideast war.

Israel has warily watched the fighting in Syria raging close to its frontier with the Golan Heights, a strategic plateau it captured from Syria in the 1967 war. The Jewish state is concerned that some of the al-Qaida affiliated groups fighting alongside the rebels against the Syrian government forces could set their sights on Israel when the civil war ends.

Syria has over the years provided support and refuge for Israel's bitterest enemies, including the Iranian-backed Hezbollah.

Source: http://news.yahoo.com/wounded-syrian-treated-israeli-hospital-dies-171454502.html

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Breeders Sound 'Pretty Good' At 20th Anniversary Tour Warm-Up

'I enjoy doing old stuff,' singer Kim Deal tells MTV News before Wednesday night's show in Newport, Kentucky.
By Gil Kaufman, with additional reporting by James Montgomery


The Breeders' Kim Deal
Photo: Tim Mosenfelder/ Getty Images

Source: http://www.mtv.com/news/articles/1704488/breeders-20th-anniversary-tour.jhtml

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Thursday, March 14, 2013

Venezuela opposition's strategy to expose Maduro "lies"

By Marianna Parraga

CARACAS (Reuters) - Opposition leader Henrique Capriles will campaign across Venezuela seeking to dispel the "lies" of Hugo Chavez's preferred successor as they duel for the presidency, a coalition leader said.

Leopoldo Lopez, a key member of Capriles' campaign team, said their strategy is to press the message that Chavez's prot?g? and former vice president, Nicolas Maduro, also shoulders responsibility for the government's failures.

Chavez died last week after 14 years in power and a two-year battle with cancer. The centrist Capriles, 40, is the governor of Miranda state. He is trailing in polls behind former trade unionist Maduro, who is now acting president.

"The government is going to carry the shield of Chavez's funeral and we are going to carry the shield of truth and respect," Lopez, 41, told Reuters. "From today on, we are going to campaign to unmask the government's lies."

The opposition accuses Maduro of misleading Venezuelans about the gravity of Chavez's illness, pretending to have held a five-hour working meeting with him just three days before his death, and lying about major national issues such as a recent currency devaluation and the causes of inflation.

The opposition is hoping turnout will slip among 'Chavistas' and it can attract support from swing voters who made up 10-15 percent of the electorate in the last presidential election in December.

"Henrique is going to crisscross the country. It won't be a campaign done from Caracas or done from TV cameras. It's going to be difficult, not just because the campaigning is going on during the funeral, but because it is being marked by the abuse of power, lies and scandals," Lopez said.

"Some people could abstain because voting for Chavez is not the same as voting for the other candidate. And it is up to us to maximize turnout."

Capriles ran an exhausting "house-by-house" campaign for most of 2012 up to the October election, traveling to the remotest parts of Venezuela in an effort to emphasize his personal stamina and draw attention to grassroots problems.

There is far less time in this campaign, but Capriles still plans to reach all Venezuela's 23 states in the coming month, mixing walkabouts with rallies, aides said.

"This is going to be a tough campaign, maybe tougher than the last ones," said Lopez.

DIFFERENT ELECTION?

Lopez, who runs the Popular Will movement that is part of the opposition coalition, said the political landscape has changed dramatically since the election in October that gave self-styled socialist Chavez a new mandate.

"The government will do everything possible to wrap the race in Chavez. Maduro does not have his own vision. His only electoral offering is to be Chavez's spokesman," he said.

Chavez left behind a polarized country.

The poor adored his populist touch. He was jovial with friends, antagonistic with "imperialist" enemies, and captivated audiences by telling jokes or singing folk songs.

His opponents, many of them from Venezuela's middle class and elite, say he squandered vast oil wealth, politicized the judiciary, centralized power, and wrecked the economy.

Capriles has accused Maduro of using Chavez's coffin as a campaign prop and said the Supreme Court ruling that allowed Maduro to stay on as acting president without stepping down to run was a farce.

In a war of words, Maduro has called Capriles a miserable fascist and a buddy of U.S. "imperialists."

"We have a race of just 30 days, full of abuses, designed by the government to make us give up," said Lopez.

"In the context of what's happening, we can't respond with flowers when they are throwing sparks, or with kisses when we receive threats."

Lopez's movement accused the government of running a dirty campaign against it by distributing leaflets on Monday that used the party's logo and Lopez's image, fist raised, alongside a call for Venezuelans to "set fire to the streets".

Government officials were not immediately available to respond to the opposition's allegation.

Lopez, who made his name as mayor of the wealthy Chacao district in Caracas and is a more powerful orator than Capriles, was once seen as a viable presidential candidate.

But the judiciary ruled that if he were to win he might not be allowed to govern because of a corruption charge. He says the case against him was trumped up and reopened last year to hurt the opposition.

"It is a different year, with a different adversary. The country is different," from the last campaign, Lopez said.

(Writing by Terry Wade; Editing by Simon Gardner and Christopher Wilson)

Source: http://news.yahoo.com/venezuela-oppositions-strategy-expose-maduro-lies-131917280.html

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Wednesday, March 13, 2013

India's SUV tax: missing the point? | beyondbrics

Is that an SUV or not?

Last month, India?s finance minister Palaniappan Chidambaram upped the excise duty on sports utility vehicles (SUVs) from 27 per cent to 30 per cent in the Union Budget.

But now, India?s minister for heavy industries, Praful Patel, has written to the finance minister asking him to withdraw the tax hike, after the auto industry reported the worst monthly sales figures in a decade.

In his budget speech, Chidambaram justified the increased tax for SUVs, saying: ?SUVs occupy greater road and parking space.?

Of course, industry leaders didn?t buy that rationale. Anand Mahindra, chairman of Mahindra & Mahindra, which controls half India?s SUV market by sales, tweeted on February 28:

No quarrel if ALL large cars taxed.Singling out SUV's destroys a level field.Sad,one has to fight harder to succeed in one's own country

In his letter, Patel looked to protect the industry:

The Auto Industry is going through difficult times and hence any increase in levies at this juncture will have a negative impact on the Industry.

Sales of passenger cars were down 26 per cent year-on-year in the month of February, according to industry figures published on Monday.

SUVs have been the one category to buck this downward trend. Between April and February, SUV sales increased 55 per cent compared with the same period a year earlier. That?s partly because they?re fashionable in India and partly because SUVs generally run on diesel, which has historically been subsidised by the Indian government.

So, Patel?s letter is an attempt to clutch on to this small element of growth for the sector. His rationale is that some SUVs aren?t luxury goods ? they are a necessity for those outside urban areas, so the tax hike doesn?t work in targeting the better off.

?Patel said there are a lot of SUVs that come under the duty ? the Mahindra Bolero and Tata Sumo ? that are lower end and cost less than Rs10m,? a government spokesperson told beyondbrics. ?Patel is saying to do away with the additional duty for SUVs costing Rs1m or less, as these are used in rural areas ? public transport everywhere is not well developed.?

The second point in the minister?s letter is that SUVs are currently facing a double dose of fiscal burden. As the government gradually lifts its diesel subsidy, owners are already facing an added cost which has a knock-on effect on the auto sector in terms of demand.

Patel points out that the cost of diesel in India will reach the market price in a year. His second suggestion:

It would be a good gesture to the Industry if a statement can be made that this additional 3% excise duty on SUVs would be removed next year. This request is being made on account of the Auto Industry?s keenness to have clarity on the diesel policy of the Govt.

On the other hand, Deepesh Rathore, an analyst at IHS Automotive, sees a percentage point increase in tax as having little impact on sales. ?The buyers of utility vehicles can afford the 3 per cent more but at the same time, I don?t see a significant growth in government revenues because of this tax increase?.

The real problem, according to Rathore, is the government?s definition of an SUV.

?The government defined small cars in its own way separate to global norms and now it has done the same for SUVs?, he said. ?It sends the wrong message that regulation in India is volatile. And from what I understand, anything above 4m in length and with ground clearance of more than 170mm is defined as an SUV. This means a number of cars also meet that norm as anyone designing a car for India, because of the number of potholes on our roads, would want 170mm ground clearance.?

Related reading:
India car sales weakest for a decade, FT
India?s budget: investors fall out of love with Chidambaram, beyondbrics
India witnesses SUV boom, FT

Source: http://blogs.ft.com/beyond-brics/2013/03/13/indias-suv-tax-missing-the-point/

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Houston wins $1 million runnerup Bloomberg prize (Offthekuff)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/291122104?client_source=feed&format=rss

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Birth rates decline, people turn to pets

Posted: Mon 6:44 PM, Mar 11, 2013

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GRAND JUNCTION, Colo. (KKCO) - While the costs associated with raising a child continue to increase, more Americans are choosing to have fewer children; and in many cases, turning to a 4-legged friend instead.

It's a nationwide trend, but Colorado is one of those leading the way as a recent report shows there are more than one million dogs in this state and only 350,000 children under the age of 5.

Here in Mesa County, there are over 20,000 registered dogs and over the past few years fewer dogs have been brought into the shelter; 20% less.

"That means that pet owners are treating them as family members; they're taking better care of them," said Penny McCarty, with Mesa County Animal Services.

Birth rate author, Jonathan Last, says some of the reasons families are opting for pets are higher divorce rates, delayed marriage and motherhood, women in the workplace and effective birth control.

Statistics show the first time American pets outnumbered children was back in 2006.

Here in Mesa County, there are just under 10,000 children under the age of 5.

And while 20,000 dogs are registered, Animal Service officials say there are probably more like 35,000 living here.

The U.S. isn't the only country where adults are substituting a pet for a child; it's also happening in Italy, Japan and other countries.

Source: http://www.nbc11news.com/home/headlines/Declining-human-birth-rates-people-turning-to-pets-instead-197238221.html

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Tuesday, March 12, 2013

Matzah Bakery helps connect youth to history (Rochester Democrat and Chronicle)

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Shots fired during Iraq-Kuwait border protest: police

BAGHDAD (Reuters) - Iraqi police said they shot in the air to disperse stone-throwing crowds protesting against the demarcation of the border with Kuwait on Monday, leaving some on the Kuwaiti side believing they were being fired at, according to media reports.

The protest, and the confusion over the shooting, underlined localized tensions over the position of the frontier that have persisted more than two decades after Saddam Hussein's invasion of Kuwait.

Both Iraq and Kuwait agreed to map out the exact position of their shared border after the first Gulf War - when Iraqi strongman Hussein sent his troops into Kuwait in 1990 and was forced out by a U.S.-led coalition.

Iraq formally accepted a U.N.-demarcated border line in 1994. But many Iraqis in the area remain opposed to it, saying the line changed, robbing them of property and territory.

An Iraqi police source told Reuters that crowds gathered in the Iraqi border town of Um Qasr on Monday to protest against the position of the border.

Protesters threw stones at police officers and one activist was injured, the source added.

Kuwaiti news website Al-Aan said border officials were working on the Kuwaiti side of the boundary when "all of a sudden, gun shots went off from an unknown source on the Iraqi side".

Al-Aan said Kuwaiti security forces with the team briefly fired back, though that could not be verified independently.

Kuwaiti security pulled the border team out of the area "to calm the situation", reported Kuwaiti newspaper Al-Rai in a brief report on its website.

State news agency KUNA said Iraqis had "sabotaged" the border fence and "obstructed U.N.-supervised border signs maintenance," but did not mention any shooting.

Kuwait called on Iraqi security authorities to put an end to such actions, KUNA said, citing an anonymous foreign ministry official.

Leaders from both countries have been working to improve diplomatic ties in the past year despite ongoing public wariness.

The Middle East neighbors came to an agreement over Gulf War-era debts last year.

Kuwait's ruler and Iraq's prime minister have also visited each other's countries and officials have vowed to work together to maintain border markings.

(Reporting by Sylvia Westall and Aseel Kami, writing by Sami Aboudi; Editing by Andrew Heavens)

Source: http://news.yahoo.com/shots-fired-during-iraq-kuwait-border-protest-police-204124940.html

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Nerve damage may underlie widespread, unexplained chronic pain in children

Monday, March 11, 2013

Massachusetts General Hospital (MGH) investigators have described what may be a newly identified disease that appears to explain some cases of widespread chronic pain and other symptoms in children and young adults. Their report that will appear in the April issue of the journal Pediatrics, and has received early online release, finds that most of a group of young patients seen at the MGH for chronic, unexplained pain had test results indicating small-fiber polyneuropathy, a condition not previously reported in children. The MGH investigators call this new syndrome juvenile-onset small-fiber polyneuropathy or JOSeFINE.

"We've found the beginnings of a way to better evaluate young patients with otherwise unexplained widespread body pain," says Anne Louise Oaklander, MD, PhD, director of the Nerve Injury Unit in the MGH Department of Neurology and corresponding author of the Pediatrics paper. "By identifying the tests that are useful for diagnosing this condition, we hope to reduce the use of unnecessary, expensive, sometimes painful and potentially harmful testing that many of these children have undergone."

Small-fiber polyneuropathy (SFPN) involves widespread damage to the type of nerve fibers that carry pain signals from the skin and also control autonomic functions such as heart rate, blood pressure and sweating. Most commonly associated with diabetes, SFPN can be caused by other disorders in older adults or by exposure to toxic substances. Typical symptoms include chronic pain in several parts of the body, often beginning in the feet or lower legs, along with symptoms of autonomic dysfunction such as gastrointestinal problems, dizziness or fainting when standing, rapid heart rate, and changes in the appearance of skin. Specific diagnostic criteria have been established for SFPN, and accurate diagnosis can guide appropriate treatment choice.

Although polyneuropathy has been considered rare in children, occasional cases have been described. To get a better sense of the possible contribution of SFPN to chronic pain in children, Oaklander and her co-author Max Klein, PhD, a research fellow in Neurology at MGH, reviewed the records of 41 patients treated by Oaklander between 2007 and 2011 for persistent widespread pain in several parts of the body that began before age 21. In a search for the cause of their symptoms, all of the patients had undergone a range of diagnostic tests at the MGH and other leading institutions.

Recommended diagnostic tests for SFPN include a type of skin biopsy that characterizes the number and condition of nerve fibers in the lower leg and autonomic function testing, including monitoring the heart rate and blood pressure when an individual breaths deeply, blows out when the airway is blocked or is placed on a tilt table. A control group of 38 age- and gender-matched volunteer children underwent the same autonomic function tests that the patients had received, and control values for neurodiagnostic skin biopsies were based on samples from healthy age- and gender-matched volunteers collected at MGH.

The analysis revealed that 24 of the 41 patients met criteria for a diagnosis of SFPN, meaning that results of at least one test clearly indicated the presence of the disease. Of the remaining 17 patients, 16 were determined to possibly or probably have SFPN, based on less seriously abnormal test results. Among the autonomic function tests, sweat production ? a sensitive diagnostic test for SFPN ? was reduced in 82 percent of patients, compared with 34 percent of controls. In contrast, results of other tests that the patients had undergone ? including magnetic resonance imaging, spinal taps and gastrointestinal endoscopy ? provided no useful diagnostic information.

Many of the patients participating in the study had reported that their symptoms began after an earlier illness or injury. A third had some history of autoimmune illnesses, and around half had family histories of autoimmunity. Tests of blood and other body fluids revealed hints of disordered immunity ? particularly low levels of complement, a protein involved in the innate immune system. Oaklander notes that these observations are preliminary and require further investigation.

"The importance that families placed on finding an accurate diagnosis and effective treatment for their sick children is illustrated by how many of them traveled thousands of miles, including some from other countries, in a desperate search for answers," Oaklander says. "Because everyone wanted to help these children, they had undergone myriad tests, two thirds had been hospitalized, and some had tried many medications, usually without benefit.

"Based on our findings we now take a two-part approach to evaluating such patients: first, evaluation by a neurologist for the possibility of small-fiber neuropathy, and if that is confirmed, specific blood tests to pinpoint the cause. It's important to consider this diagnosis, since there are treatments for many symptoms of neuropathy ? including medications that increase blood pressure and improve gastrointestinal function ? and for some of the underlying causes." Oaklander is an associate professor, and Klein is an instructor in Neurology at Harvard Medical School. The study was supported by U.S. Public Health Service grant K24NS059892, Department of Defense grant GW093049 and the Bradley and Curvey Family Foundations.

###

Massachusetts General Hospital: http://www.mgh.harvard.edu

Thanks to Massachusetts General Hospital for this article.

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Source: http://www.labspaces.net/127235/Nerve_damage_may_underlie_widespread__unexplained_chronic_pain_in_children

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Memorabilia vendors prep for new pope

Oli Scarff / Getty Images file

Souvenir religious statues, some depicting the pope, are displayed for sale in Rome.

By Alastair Jamieson and Le Li, NBC News

ROME, Italy -- It is a significant event in world history, so what better way to commemorate the choosing of a new pope than with a decorative plate, or maybe a set of prayer cards and matching rosary beads?

While officials at the Vatican began physical preparations for the papal conclave, including the installation on Saturday of the chimney stack from which white smoke will indicate the new pope, Rome?s souvenir industry was also making plans.

Vendors said tens of thousands of ornaments and posters bearing the image of the new pope are expected to be on sale ? sometimes within hours of the announcement of his name.

?As soon as the new pope is chosen, our suppliers are ready to go to work straight away ? boom, boom, boom, just like that,? explained Rosanna Barone, a sales assistant at one of the shops and stalls that line the Via della Conciliazione, the thoroughfare linking St Peter?s Basilica to the west bank of the River Tiber.

?Some of the things are made in Rome and we can have them quickly,? she said. ?For the cards and maybe mugs, things that are easier to make, maybe we will have them the next day or the day after.?

Peter Macdiarmid / Getty Images

Souvenir statues of Pope John Paul II are displayed on in Rome, Italy.

Alabaster figurines, typically made in Italy?s Tuscany region, and items from China will take longer.

Even for a storied city that attracts tourists year-round, the sheer range of religious keepsakes, icons and trinkets on offer on the Via della Conciliazione and around St Peter?s Square is a remarkable sight.

From crucifixes to cigarette-lighters, key-rings to refrigerator magnets, all manner of items come adorned with the pope?s face or signature.

Among the items on sale on Saturday were a Pope Benedict XVI bottle-opener ($5), an ashtray featuring St Peter?s Basilica ($6.50) and a pair of men?s polyester boxer shorts with an anatomically-enhanced image of Michaelangelo?s Statue of David ($2.50).

At the other end of the scale, pilgrims can choose from table-top nativity scenes ($110), official certificates blessed by the Vatican ($35, plus postage) or a 3-foot ceramic statue of the Virgin Mary ($685).

It?s a serious business both for the small stalls and shops, and the Vatican itself. More than?5 million tourists see inside the Vatican?s grounds and museums?every year ? almost as many as New York?s Metropolitan Museum of Art.

Museum tickets and official merchandise sales contributed most of the Vatican City state?s $113 million income in 2011, keeping its accounts in the black: it made a $12.m surplus.

The unexpected abdication of Pope Benedict created a headache, but also an opportunity.

The cardinals will fill out ballots in the Sistine Chapel until all 77 ballots ? two-thirds plus one of the cardinal electors ? reach a consensus. NBC's Anne Thompson reports.

An official set of stamps commemorating the sede vacante ? the period during that the church is without a leader ? was on sale Saturday for $32.

?That is a big seller, a collector?s item,? said Maria, sales assistant in a store on the Piazza del Papa Pio XII (she declined to give her family name).

Also becoming collector?s items ?were the Pope Benedict XVI 2014 calendar and the official Vatican Pope Benedict XVI 2013 diary.

Who buys all these items?

?Our biggest customers are Spanish,? said Mario Rosid, 54, who has run a stall in the shadow of the Vatican for almost 25 years.

The most popular items? ?Anything with John Paul II,? he said. ?He is the most popular.?

That was echoed by Barone, who said rosary beads, keyrings and other keepsakes with John Paul II?s picture outsold those of Benedict XVI ten-fold. Many items feature the name or picture of both the last two popes.

About half the souvenirs are made in Italy, with the rest mostly from China, where factories are expected to begin making items with the face of the next pope as soon as the announcement is made.

Chen Shaojiang,, from Tiantai Tantou Huanan Craft Factory, which exported Catholics keepsakes to Europe and the United States, is capable of producing up to 300,000 sets of rosary beads a month. He said it would take up to 25 days to ship new items.

The gap doesn?t worry Rome?s street vendors.

?It?s the Vatican, and people will always come here, whoever is the pope,? said Rosid. ?The different name doesn?t matter to people. The pope is the pope is the pope.?

Related:

Will cardinals go off European grid to choose new pope?

Spiritual craft: Meet the pope's shoemaker

How the next pope will be chosen, step by secret step

Source: http://worldnews.nbcnews.com/_news/2013/03/10/17256250-from-crucifixes-to-bottle-openers-memorabilia-vendors-prep-for-new-pope?lite

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Monday, March 11, 2013

Unicorn Apocalypse game from Samsung commercials hits the Play Store

Unicorn Apocalypse

Samsung has been using a fictional game called "Unicorn Apocalypse" in a barrage of internet and TV commercials lately, and has followed up on it by actually releasing the game in the Play Store. In the commercials, Samsung tends to poke fun at the fictional developers of the game because they take it so seriously, and the game certainly continues with that theme. Unfortunately the game hasn't exactly gotten great reviews in the Play Store, with most users noting that the game doesn't play properly, and when it does the content isn't exactly exciting. We've noticed that the visual assets aren't set properly for 768x1280 displays either.

With little bugs aside, it's a fun little game to look at -- if for nothing more than to have the game from the commercial on your phone. You can grab a download from the Play Store at the source link below.

Download: Unicorn Apocalypse (Google Play)



Source: http://feedproxy.google.com/~r/androidcentral/~3/Dxxob8cpENY/story01.htm

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Top contenders to be the next pope

Canadian Cardinals, Marc Ouellet, left and Thomas Christopher Collins are followed by tourists as they walk in St. Peter's Square at the Vatican, Saturday, March 9, 2013. The preliminaries over, Catholic cardinals are ready to get down to the real business of choosing a pope. And even without a front-runner, there are indications they will go into the conclave Tuesday with a good idea of their top picks. The conclave date was set Friday during a vote by the College of Cardinals, who have been meeting all week to discuss the church's problems and priorities, and the qualities the successor to Pope Benedict XVI must possess. (AP Photo/Gregorio Borgia)

Canadian Cardinals, Marc Ouellet, left and Thomas Christopher Collins are followed by tourists as they walk in St. Peter's Square at the Vatican, Saturday, March 9, 2013. The preliminaries over, Catholic cardinals are ready to get down to the real business of choosing a pope. And even without a front-runner, there are indications they will go into the conclave Tuesday with a good idea of their top picks. The conclave date was set Friday during a vote by the College of Cardinals, who have been meeting all week to discuss the church's problems and priorities, and the qualities the successor to Pope Benedict XVI must possess. (AP Photo/Gregorio Borgia)

Hungarian Cardinal Peter Erdo arrives for a meeting, at the Vatican, Monday, March 4, 2013. Cardinals from around the world have gathered inside the Vatican for their first round of meetings before the conclave to elect the next pope, amid scandals inside and out of the Vatican and the continued reverberations of Benedict XVI's decision to retire. (AP Photo/Andrew Medichini)

Cardinal Gianfranco Ravasi arrives for a meeting at the Vatican, Friday, March 8, 2013. The last cardinal who will participate in the conclave to elect the next pope arrived in Rome on Thursday, meaning a date can now be set for the election. One U.S. cardinal said a decision on the start date is expected soon. (AP Photo/Alessandra Tarantino)

Cardinal Peter Kodwo Appiah Turkson, center, is photographed by the media as he arrives for an afternoon meeting, at the Vatican, Friday, March 8, 2013. The Vatican says the conclave to elect a new pope will likely start in the first few days of next week. The Rev. Federico Lombardi told reporters that cardinals will vote Friday afternoon on the start date of the conclave but said it was "likely" they would choose Monday, Tuesday or Wednesday. The cardinals have been attending pre-conclave meetings to discuss the problems of the church and decide who among them is best suited to fix them as pope. (AP Photo/Alessandra Tarantino)

Cardinal Timothy Dolan waves to journalists as he arrives for a meeting, at the Vatican, Saturday, March 9, 2013. The preliminaries over, Catholic cardinals are ready to get down to the real business of choosing a pope. And even without a front-runner, there are indications they will go into the conclave Tuesday with a good idea of their top picks. The conclave date was set Friday during a vote by the College of Cardinals, who have been meeting all week to discuss the church's problems and priorities, and the qualities the successor to Pope Benedict XVI must possess. (AP Photo/Gregorio Borgia)

(AP) ? Cardinals from around the world gather this week in a conclave to elect a new pope following the stunning resignation of Benedict XVI. In the secretive world of the Vatican, there is no way to know who is in the running, and history has yielded plenty of surprises. Yet several names have come up repeatedly as strong contenders. Here is a look at who they are:

___

CARDINAL ANGELO SCOLA: Scola is seen as Italy's best chance at reclaiming the papacy, following back-to-back pontiffs from outside the country that had a lock on the job for centuries. He's also one of the top names among all of the papal contenders. Scola, 71, has commanded both the pulpits of Milan's Duomo as archbishop and Venice's St. Mark's Cathedral as patriarch, two extremely prestigious church positions that together gave the world five popes during the 20th century. Scola was widely viewed as a papal contender when Benedict was elected eight years ago. His promotion to Milan, Italy's largest and most influential diocese, has been seen as a tipping point in making him one of the leading papal candidates. He is known as a doctrinal conservative who is also at ease quoting Jack Kerouac and Cormac McCarthy.

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CARDINAL ODILO SCHERER: Scherer is known for prolific tweeting, appearances on Brazil's most popular late-night talk show and squeezing into the subway for morning commutes. Brazil's best hope to supply the next pontiff is increasingly being touted as one of the top overall contenders. At the relatively young age of 63, he enthusiastically embraces all new methods for reaching believers, while staying true to a conservative line of Roman Catholic doctrine and hardline positions on social issues such as rejection of same-sex marriage. Scherer joined Twitter in 2011 and in his second tweet said: "If Jesus preached the gospel today, he would also use print media, radio, TV, the Internet and Twitter. Give Him a chance!" Scherer became the Sao Paulo archbishop in 2007 and was named a cardinal later the same year.

___

CARDINAL MARC OUELLET: Canada's Ouellet once said that being pope "would be a nightmare." He would know, having enjoyed the confidence of two popes as a top-ranked Vatican insider. His high-profile position as head of the Vatican's office for bishops, his conservative leanings, his years in Latin America and his work in Rome as president of a key commission for Latin America all make him a favorite to become the first pontiff from the Americas. But the qualities that make the 68-year-old popular in Latin America ? home to the world's biggest Catholic population ? and among the cardinals who elect the pope have contributed to his poor image in his native Quebec, where ironically he was perceived during his tenure as archbishop as an outsider parachuted in from Rome to reorder his liberal province along conservative lines.

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CARDINAL PETER ERDO: Erdo is the son of a deeply religious couple who defied communist repression in Hungary to practice their faith. And if elected pope, the 60-year-old would be the second pontiff to come from eastern Europe ? following in the footsteps of the late John Paul II, a Pole who left a great legacy helping to topple communism. A cardinal since 2003, Erdo is an expert on canon law and distinguished university theologian who has also striven to forge close ties to the parish faithful. He is increasingly seen as a compromise candidate if cardinals are unable to rally around some of the more high-profile figures like Scola or Scherer.

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CARDINAL GIANFRANCO RAVASI: Ravasi, the Vatican's culture minister, is an erudite scholar with a modern touch ? just the combination some faithful see as ideal for reviving a church beset by scandal and a shrinking flock. The 70-year-old is also one of the favorites among Catholics who long to see a return to the tradition of Italian popes. The polyglot biblical scholar peppers speeches with references ranging from Aristotle to late British diva Amy Winehouse. Ravasi's foreign language prowess is reminiscent of that of the late globetrotting John Paul II: He tweets in English, chats in Italian and has impressed his audiences by switching to Hebrew and Arabic in some of his speeches.

___

CARDINAL PETER TURKSON: Often cast as the social conscience of the church, Ghana's Turkson is viewed by many as the top African contender for pope. The 64-year-old head of the Vatican's peace and justice office was widely credited with helping to avert violence following contested Ghanaian elections. He has aggressively fought African poverty, while disappointing many by hewing to the church's conservative line on condom use amid Africa's AIDS epidemic. Turkson's reputation as a man of peace took a hit recently when he showed a virulently anti-Islamic video, a move now seen as hurting his papal prospects. Observers say those prospects sank further when he broke a taboo against public jockeying for the papacy ? saying the day after Benedict's resignation announcement that he's up for the job "if it's the will of God."

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CARDINAL TIMOTHY DOLAN: Dolan, the 63-year-old archbishop of New York, is an upbeat, affable defender of Catholic orthodoxy, and a well-known religious figure in the United States. He holds a job Pope John Paul II once called "archbishop of the capital of the world." His colleagues broke with protocol in 2010 and made him president of the U.S. Conference of Catholic Bishops, instead of elevating the sitting vice president as expected. And during the 2012 presidential election, Republicans and Democrats competed over which national political convention the cardinal would bless. He did both. But scholars question whether his charisma and experience are enough for a real shot at succeeding Benedict.

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CARDINAL JORGE MARIO BERGOGLIO: Bergoglio, 76, has spent nearly his entire career at home in Argentina, overseeing churches and shoe-leather priests. The archbishop of Buenos Aires reportedly got the second-most votes after Joseph Ratzinger in the 2005 papal election, and he has long specialized in the kind of pastoral work that some say is an essential skill for the next pope. In a lifetime of teaching and leading priests in Latin America, which has the largest share of the world's Catholics, Bergoglio has shown a keen political sensibility as well as the kind of self-effacing humility that fellow cardinals value highly. Bergoglio is known for modernizing an Argentine church that had been among the most conservative in Latin America.

___

CARDINAL LEONARDO SANDRI: Leonardo Sandri, 69, is a Vatican insider who has run the day-to-day operations of the global church's vast bureaucracy and roamed the world as a papal diplomat. He left his native Argentina for Rome at 27 and never returned to live in his homeland. Initially trained as a canon lawyer, he reached the No. 3 spot in the church's hierarchy under Pope John Paul II, the zenith of a long career in the Vatican's diplomatic service ranging from Africa to Mexico to Washington. As substitute secretary of state for seven years, he essentially served as the pope's chief of staff. The jovial diplomat has been knighted in a dozen countries, and the church he is attached to as cardinal is Rome's exquisite, baroque San Carlo ai Catinari.

___

CARDINAL LUIS ANTONIO TAGLE: Asia's most prominent Roman Catholic leader knows how to reach the masses: He sings on stage, preaches on TV, brings churchgoers to laughter and tears with his homilies. And he's on Facebook. But the 55-year-old Filipino's best response against the tide of secularism, clergy sex abuse scandals and rival-faith competition could be his reputation for humility. His compassion for the poor and unassuming ways have impressed followers in his homeland, Asia's largest Catholic nation, and church leaders in the Vatican. Tagle's chances are considered remote, as many believe that Latin America or Africa ? with their faster-growing Catholic flocks ? would be more logical choices if the papal electors look beyond Europe.

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CARDINAL CHRISTOPH SCHOENBORN: Schoenborn is a soft-spoken conservative who is ready to listen to those espousing reform. That profile could appeal to fellow cardinals looking to elect a pontiff with the widest-possible appeal to the world's 1 billion Catholics. His Austrian nationality may be his biggest disadvantage: Electors may be reluctant to choose another German speaker as a successor to Benedict. A man of low tolerance for the child abuse scandals roiling the church, Schoenborn, 68, himself was elevated to the upper echelons of the Catholic hierarchy after his predecessor resigned 18 years ago over accusations that he was a pedophile.

___

CARDINAL MALCOLM RANJITH: Benedict XVI picked the Sri Lankan Ranjith to return from Colombo to the Vatican to oversee the church's liturgy and rites in one of his first appointments as pope. The choice of Ranjith in 2005 rewarded a strong voice of tradition ? so rigid that some critics regard it even as backward-looking. Ranjith in 2010 was named Sri Lanka's second cardinal in history. There are many strikes against a Ranjith candidacy ? Sri Lanka, for example, has just 1.3 million Catholics, less than half the population of Rome. But the rising influence of the developing world, along with the 65-year-old's strong conservative credentials, helps keep his name in the mix of papal contenders.

___

CARDINAL ANDRES RODRIGUEZ MARADIAGA: To many, Maradiaga embodies the activist wing of the Roman Catholic Church as an outspoken campaigner of human rights, a watchdog on climate change and advocate of international debt relief for poor nations. Others, however, see the 70-year-old Honduran as a reactionary in the other direction: Described as sympathetic to a coup in his homeland and stirring accusations of anti-Semitism for remarks that some believe suggested Jewish interests encouraged extra media attention on church sex abuse scandals. Maradiaga, the archbishop of Tegucigalpa, is among a handful of Latin American prelates considered to have a credible shot at the papacy.

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CARDINAL ANGELO BAGNASCO: The archbishop of Genoa, Bagnasco also is head of the powerful Italian bishops' conference. Both roles give him outsized influence in the conclave, where Italians represent the biggest national bloc, and could nudge ahead his papal chances if the conclave looks to return the papacy to Italian hands. At 70 years old, Bagnasco is seen as in the right age bracket for papal consideration. But his lack of international experience and exposure could be a major liability.

___

CARDINAL SEAN PATRICK O'MALLEY: As archbishop of Boston, O'Malley has faced the fallout from the church's abuse scandals for nearly a decade. The fact he is mentioned at all as a potential papal candidate is testament to his efforts to bring together an archdiocese at the forefront of the abuse disclosures. Like other American cardinals, the papal prospects for the 68-year-old O'Malley suffer because of the accepted belief that many papal electors oppose the risk of having U.S. global policies spill over, even indirectly, onto the Vatican's image. O'Malley is among the most Internet-savvy members of the conclave.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2013-03-10-Pope-Cardinals-Thumbnails/id-0de5379c0d9f4b5ba0c5cc462bbd7a04

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PFT: 'Phins?changing approach to free agency

Darrelle Revis Portrait ShootGetty Images

Our most recent item regarding the Darrelle Revis situation springs from the apparent report by Rich Cimini of ESPNNewYork.com that Revis wants to be traded by the Jets as soon as possible.

Per a source close to Revis, that?s not the case.

(Given that Cimini has since added the words ?I think? at the outset of his article, Cimini apparently has gotten that same message.)

The source insists Revis doesn?t wanted to be traded, hasn?t asked to be traded, and has never at any time during his career in New York intimated directly or indirectly a desire to be sent to a new team.

This doesn?t change the fact that the Jets are trying to move him.? So if Revis doesn?t want to be traded, the question becomes why do the Jets want to trade him?

Multiple schools of thought currently are making their way through the NFL grapevine on this point.? First, the Jets have grown tired of the Revis routine, and they have chosen to not even try to negotiate a new deal with him.? Second, they prefer trading him to seeing him sign in 2014 with the Patriots, Giants, Dolphins, or Bills.? Third, they don?t want to pay him quarterback money.? Fourth, owner Woody Johnson doesn?t want to pay Revis or anyone significant money, quarterback or otherwise.

The second and third options are undermined by the reality that, per the source, there have been no negotiations on a new contract for Revis ? at any time.? Last year, when Revis was contemplating another holdout, there were no talks.? Before that, there we no talks.? Since then, there have been no talks.

While the two sides disagree on whether Johnson and the Jets agreed to give Revis a long-term deal two or three seasons after Revis signed his four-year deal in 2010, the fact remains that there have been no discussions aimed at making Revis the NFL equivalent of Derek Jeter in New York.? Per the source, that?s something Johnson specifically promised to Revis.

With no attempt to negotiate Darrelle?s Derek Jeter deal, it can?t be that the player?s demands scared Johnson away.? Sure, there?s a chance that Johnson assumes Revis will want too much.? But how can anyone know that without asking?

Thus, if the Jets ultimately trade Revis without negotiating with him, the reasonable interpretation will be that Johnson decided that he no longer wanted Revis on the team, or that Johnson doesn?t want to pay significant money to any player.

Either of those explanations aren?t likely to make the Personal Seat License holders happy, or to persuade others to buy any of the remaining unsold PSLs.

Source: http://profootballtalk.nbcsports.com/2013/03/10/dolphins-undergo-paradigm-shift-in-free-agency/related/

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Friday, March 8, 2013

Dell buyout in turmoil as Icahn enters the fray

A proposed buyout of computer maker Dell Inc. appeared less likely Thursday after activist investor Carl Icahn said Dell should remain a public company and reward shareholders with a big, one-time payout.

The proposal further muddies a deal that already faced uncertain odds. Some of the company's biggest shareholders already had objected to the proposed buyout by founder and CEO Michael Dell. They say Dell's $24.4 billion offer undervalues the company.

In a letter dated March 5, Icahn said the company is worth far more than the $13.65 per share offered by Dell and his partner, investment manager Silver Lake.

Icahn wants shareholders to have a second option when they vote on the buyout. If Dell's offer is rejected, Icahn wants the company to pay shareholders a special dividend of $9 per share, financed with existing cash and new debt. He says the payout will compensate shareholders for the company's weak performance while allowing them to profit from Dell's eventual recovery.

If Dell's board won't agree to make the offer, or to allow voting on new directors who would support it, Icahn said he expects "years of litigation ... challenging the transaction and the actions of those directors that participated in it."

The core question for shareholders is whether Dell is earning enough cash to shoulder the additional debt and grow. Like other computer makers, Dell is navigating weakening demand for personal computers. Consumers are doing more of their computing on smartphones and tablets.

If Dell endured this challenge and grew, Icahn's proposal would be a boon for shareholders, said Ed Mullane, an editor with dealReporter, an industry publication covering mergers, acquisitions and other corporate events.

Taking on debt to afford a special payout, a process known as "leveraged recapitalization," is a bet on the company's long-term profitability, he explained.

The deal also carries some risk. If trends in the PC business punish Dell, leaving it unable to afford the extra debt and in serious financial trouble, shares could lose even more value.

"As a shareholder, do you take Michael Dell's offer and take the money and run, given the (poor) expectations for the PC business; or do you take some cash now, continue to hold stock and hope the company can pay down that debt and grow in the future?" Mullane said.

Southeastern Asset Management, the investment firm that owns an 8.4 percent stake in Dell Inc., has demanded the names of other shareholders. That information could be used to rally opposition to the deal. Mutual fund manager T. Rowe Price, which owns a nearly 5 percent stake in Dell, also is lobbying against the deal.

Icahn's entry into the debate makes it even less likely that shareholders will accept Dell's current buyout offer, said James Kelleher, analyst with Argus Research, an independent equity research firm.

"This deal was between a rock and a hard place before ? but they're really up against it now," Kelleher said. He said Dell may up his bid to satisfy shareholders, but it may not be possible to craft a viable deal that values shares at $15 or $16.

Investors appear to be banking on a higher offer. Dell shares have mostly traded above the buyout offering price since the deal was announced, a sign that investors expect a sweeter offer.

Dell has been trying to reduce its dependence on PCs. Michael Dell says the company can thrive again by expanding into business software, data analytics, storage and other more profitable niches in technology ? a transition that he says would be easier without having to worry about the short-term financial interests of Wall Street.

Dell's strengths are overlooked by shareholders focused on short-term profits, Kelleher said. He said the company's difficult transition will take years, and "it would be preferable to do it behind closed doors."

If the current agreement is approved, Dell will end its 25-year history as a publicly traded company.

Icahn wrote that the PC maker's future is bright, and all shareholders should benefit from that, not just Michael Dell. He said Icahn Enterprises holds a substantial stake in Dell. CNBC reported this week that Icahn had acquired about 6 percent of Dell's stock.

Icahn did not return a call seeking comment.

Icahn is known for buying out-of-favor stocks and boosting them by pressuring or replacing boards of directors, installing new management and other hard-knuckle tactics.

Dell appointed a special committee of directors last August after Michael Dell notified the Round Rock, Texas, company that he was exploring a buyout bid in partnership with other investors. Michael Dell has agreed to contribute 273 million of the company stock that he controls and $750 million in cash to help finance the buyout, which relies primarily on loans from PC software maker Microsoft Corp. and an assortment of banks.

Dell's special committee has said it already considered a special dividend during a "rigorous" five-month review that culminated with the buyout plan. It said Thursday in a statement that it is conducting a search for better alternatives to the proposed buyout, and Icahn and others are welcome to participate.

"Our goal is to secure the best result for Dell's public shareholders ? whether that is the announced transaction or an alternative," said a statement from the committee.

Shareholder Forum, a group that seeks to protect shareholder interests, has said it wants access to the same information that influenced Dell's special committee to sell at $13.65 per share. The information would be used by experts to perform an independent evaluation of the proposed sale to help shareholders understand if it's the best choice.

The stock fell 10 cents to $14.22 Thursday. It rose a nickel to $14.27 in extended trading after the market closed.

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Daniel Wagner can be reached at www.twitter.com/wagnerreports.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2013-03-07-US-Dell-Buyout-Icahn/id-780bc0c87d4c4509bbc00bf536c26333

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