Thursday, April 11, 2013

10-year anniversary of Baghdad fall to US forces

BAGHDAD (AP) ? Ten years ago, a statue fell in Baghdad's Firdous Square. Joyful Iraqis helped by an American tank retriever pulled down their longtime dictator, cast as 16 feet of bronze. The scene broadcast live worldwide became an icon of the war, a symbol of final victory over Saddam Hussein.

But for the residents of the capital, it was only the beginning.

The toppling of the statue remains a potent symbol that has divided Iraqis ever since: Liberation for Shiites and Kurds, a loss for some Sunnis and grief among almost everybody over the years of death, destruction and occupation that followed the fall of Baghdad to U.S. forces on April 9, 2003.

"Ten years ago, I dreamed of better life," said Rassol Hassan, 80, who witnessed the fall of the statue from his nearby barber shop. "Nothing has changed since then for me and many Iraqis, it has even gotten worse."

In an opinion piece in the Washington Post, Prime Minister Nouri al-Maliki said the overwhelming majority of Iraqis agree that they are better off today than under Saddam's brutal dictatorship.

"Iraqis will remain grateful for the U.S. role and for the losses sustained by military and civilian personnel that contributed in ending Hussein's rule," he said.

"Iraq is not a protectorate of the United States; it is a sovereign partner," al-Maliki said in response to the contention that Iraq has become more pro-Iran than pro-West. "Partners do not always agree, but they consider and respect each other's views. In that spirit, we ask the United States to consider Iraq's views on challenging issues, especially those of regional importance."

In the past 10 years, Iraqis have seen the country's power base shift from minority Arab Sunnis to majority Shiites, with Kurds gaining their own autonomous region.

"For Kurds there is no regret," said Mahmoud Othman, a Kurdish legislator. "April 9 is a national liberation day for us."

Ali al-Moussawi, a spokesman for Iraq's Shiite-led government, said "April 9 is a day of contradictions: We ended the oppression of Saddam" but began the American occupation. Still, he emphasized that Iraqis were looking forward.

"Our fight is . against terrorist groups that kill people and want to prevent them from tasting the freedom they had lost for 30 years (under Saddam)."

A Sunni lawmaker, Hamid al-Mutlaq, was unsparing in his assessment of what happened a decade ago.

"Baghdad, the city of history and civilization, fell into the hands of a brutal occupation that ignored all laws," al-Mutlaq said. "They came as occupiers and killers unlike what they said before. They left us killing, sectarianism and displacement," he added. "It is a black and ominous day in its history. It is a day of slavery."

Baghdad has indelibly changed since the darkest days of the war.

Residents no longer flee their neighborhoods fearing sectarian violence. Bridges joining Sunni and Shiite areas have reopened. Hotels are being renovated as foreign investment trickles in.

But car bombs targeting police, Shiite mosques and government offices, mostly the hallmarks of al-Qaida militants, still ravage the city of some 7 million.

Ten years on, the city is draped in a spider's web of generator cords wrapped over crumbling buildings and crisscrossing above unpaved streets, a sign of the graft-ridden government's failure to restore power or rebuild basic infrastructure.

Shiite power is evident in posters pasted around the city ? on security checkpoints, billboards, concrete walls. Most show the Shiite hero, the Imam Hussein, grandson of the prophet Mohammed with his bearded face draped in a green turban.

Other walls are painted with scenes of ancient Iraqi civilizations. Some offer practical graffiti, such as the phone number of a tow-truck service.

Walls now are also emblazoned with posters of candidates for provincial elections slated for April 20: Turbaned, bearded Shiite clerics mix with clean-shaven, businessmen clad in suits and female candidates in headscarves and tidy makeup.

Amid Baghdad's near-universal neglect runs a divide between jeep-driving elites in guarded streets and the city's poor.

Men and women shove each other aside at a dump on the eastern outskirts of Baghdad, fighting to grab bags of garbage tossed off a truck, searching for cans and plastic to sell to recycling factories. Children in grubby clothes play among garbage, a pool of green sewage stinking nearby.

"Look at my condition!" demanded Ali Hassan, one of those digging through garbage. "Is this how a human should live? Politicians are fighting over jobs while people live in poverty."

There are also flashes of joy in the city hugging the banks of the Tigris river.

Couples stroll riverside walkways, and children play in parks along its banks. Residents traipse through al-Mutanabi street, a pedestrian alley of booksellers.

Books are neatly displayed on tables and floors: Arabic poetry, heavy tomes of Islamic law and etiquette guides. Stationary shops sell calendars featuring bloodied Shiite martyrs and notebooks with covers of the yellow cartoon character "Spongebob Squarepants."

Nearby, families stroll through a museum featuring mannequins in traditional scenes, such as a wedding, circumcision, and a cafe. For an extra fee, visitors may be photographed in colorful costumes and have the photo inserted into a snow globe.

The dozens of young men who helped pull down the 16-foot bronze Saddam statue in Firdous Square 10 years ago were mostly from the nearby Iraqi communist party office.

But the statue was reinforced by metal cables and finally Marines with a crane finished the job. It was meant to be the swift end to an invasion that began only three weeks before.

Another statue made by an Iraqi artist soon replaced Saddam, but was also pulled down. The modernist structure, with branches reaching toward the sky and a crescent moon balancing a ball was supposed to represent the freedom and unity among Iraq's Sunnis, Shiites and Kurds.

On Tuesday, the pedestal stood empty, save for a rusted iron bar poking out of it.

_______

With additional reporting by Sinan Salaheddin in Baghdad.

Follow Hadid on twitter.com/diaahadid; follow Salaheddin on twitter.com/sinansm

Source: http://news.yahoo.com/10-anniversary-baghdad-fall-us-forces-185830950.html

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Bookmakers slash odds on Alexandra for UK royal baby name

LONDON (Reuters) - Bookmakers have sharply cut the odds that Britain's royal baby due in July will be called Alexandra after a flurry of betting.

The baby will be the first child of Prince William and his wife Kate, officially known as the Duke and Duchess of Cambridge since their marriage in April 2011.

The baby's sex has not been revealed but all the betting is on it being a girl since the duchess told a well-wisher who gave her a gift last month: "Thank you, I'll take this for my d..." before swiftly stopping herself.

Coral bookmakers have cut the odds on Alexandra to 12-1 from 25-1.

"It's the second biggest surge of bets we have witnessed since we were forced to suspend betting on the couple having a girl after Kate dropped a hint," said a Coral spokeswoman.

Overall, the name Elizabeth still remains the punters' favorite with odds of 5-1, with Diana a close second at 6-1 and Victoria third at 7-1.

Although not quite so closely connected with British royalty as those three, the name Alexandra has a good pedigree.

Princess Alexandra, 76, is a cousin of Queen Elizabeth and Queen Victoria's son Edward VII and his wife Alexandra were crowned in 1902.

(Reporting by Oxana Andrienko, editing by Paul Casciato)

Source: http://news.yahoo.com/bookmakers-slash-odds-alexandra-uk-royal-baby-name-122607207.html

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Wednesday, April 10, 2013

Auditor for Herbalife and Skechers resigns amid insider trading probe?

KPMG was forced to resign as auditor for both Herbalife and Sketchers, both companies announced on Tuesday, after a senior partner at the center of an insider trading probe was fired by the accounting firm.

In separate statements, Herbalife and Sketchers acknowledged that KPMG had resigned as their auditor. The shares of both companies were halted during early trading, with speculation rife about the nature of the move.

In a statement, KPMG confirmed that it was leaving two clients but did not mention either by name.

The accounting giant said that a senior partner based in Los Angeles provided inside information to an unnamed individual, who then used the information to engage in stock trades of key companies on the West Coast. According to the firm, the partner acted "with deliberate disregard for KPMG's long-standing culture of professionalism and integrity."

Herbalife and Sketchers said in a statement that KPMG found no problem with the company's financial statements, and was resigning only because the auditor viewed its independence as impaired.

Initially, it was Herbalife that drew most of the attention, as market watchers speculated the resignation might be connected to a roiling controversy over Herbalife's business model.

For months, the nutritional supplement company has been at the center of a high-profile fight between two hedge fund titans, dubbed "the battle of the billionaires" by Wall Street watchers. Hedge fund manager Bill Ackman has publicly attacked Herbalife as a "pyramid scheme," while placing a $1 billion bet against its stock.

Meanwhile, activist financier Carl Icahn has championed Herbalife, buying its shares while pushing back forcefully against Ackman's claims.

The stock of Skechers rose by 2.6 percent after the halt was lifted, while Herbalife's shares fell modestly.

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Snowboarder Chelone Miller dies at age 29

MAMMOTH LAKES, Calif. (AP) ? Snowboarder Chelone Miller, the younger brother of Olympic gold medalist Bode Miller, died Sunday in the area of Mammoth Lakes, Calif. He was 29.

The Mono County Sheriff's Office confirmed his death Monday in a statement. The cause of death is being investigated, but authorities say foul play is not suspected.

Chelone Miller, of Easton, N.H., was hoping to make the U.S. squad in snowboardcross for the 2014 Sochi Games. Nicknamed Chilly, Miller recently finished fourth at the 2013 U.S. Snowboarding Grand Prix in Canyons, Utah.

In addition to competing, Miller also did some filming with Warren Miller and other production companies.

"Chelone Miller was an aspiring elite athlete who had made great progress as a snowboardcross rider this past season. We are all deeply saddened at the news of his death and extend our condolences to the entire Miller family," U.S. Ski and Snowboard Association President Bill Marolt said in a statement on the team's website.

Bode Miller is a five-time Olympic medalist in alpine skiing. He sat out the 2012-13 World Cup season while recovering from a knee injury.

Source: http://news.yahoo.com/snowboarder-chelone-miller-dies-age-29-025611277--spt.html

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Tuesday, April 9, 2013

Migraine triggers tricky to pinpoint

Monday, April 8, 2013

Women often point to stress, hormones, alcohol, or even the weather as possible triggers for their migraines. But a new study from Wake Forest Baptist Medical Center found that it is nearly impossible for patients to determine the true cause of their migraine episodes without undergoing formal experiments.

The majority of migraine sufferers try to figure out for themselves what causes their headaches based on real world conditions, said lead author Timothy T. Houle, Ph.D, associate professor of anesthesia and neurology at Wake Forest Baptist.

"But our research shows this is a flawed approach for several reasons," he said. "Correctly identifying triggers allows patients to avoid or manage them in an attempt to prevent future headaches. However, daily fluctuations of variables ? such as weather, diet, hormone levels, sleep, physical activity and stress ? appear to be enough to prevent the perfect conditions necessary for determining triggers."

For example, said Houle, the simple act of drinking a glass of wine one day and not on the next could be complicated by inconsistencies in other factors. Similarly, a patient may drink wine for several days, but adding cheese to the mix one day could further skew results. In fact, a valid self-evaluation requires such perfect conditions that only occur about once every two years, he said.

"Many patients live in fear of the unpredictability of headache pain. As a result, they often restrict their daily lives to prepare for the eventuality of the next attack that may leave them bedridden and temporarily disabled," Houle said. "They may even engage in medication-use strategies that inadvertently worsen their headaches. The goal of this research is to better understand what conditions must be true for an individual headache sufferer to conclude that something causes their headaches."

Houle and co-author Dana P. Turner, M.S.P.H., also of the Wake Forest Baptist anesthesiology department, have published two related papers on the subject in the journal Headache, which were published online ahead of print this month.

For the study, nine women who had regular menstrual cycles and were diagnosed with migraine either with or without aura provided data for three months by completing a daily diary and tracking stress with the Daily Stress Inventory, a self-administered questionnaire to measure the number and impact of common stressors experienced in everyday life. Morning urine was also collected daily for hormone level testing. Houle and Turner also reviewed three years worth of weather data from a local weather station.

Because of the difficulty in recreating identical conditions each time a patient evaluates a potential trigger, determining triggers proves difficult even for physicians, said Turner. "People who try to figure out their own triggers probably don't have enough information to truly know what causes their headaches," she said. "They need more formal experiments and should work with their doctors to devise a formal experiment for testing triggers."

###

Wake Forest Baptist Medical Center: http://www.wfubmc.edu

Thanks to Wake Forest Baptist Medical Center 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/127629/Migraine_triggers_tricky_to_pinpoint

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Miranda Lambert Wins Female Vocalist of the Year, Breaks Down on Stage

Source: http://www.thehollywoodgossip.com/2013/04/miranda-lambert-wins-female-vocalist-of-the-year-breaks-down-on/

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Monday, April 8, 2013

New light shed on ancient Egyptian port and ship graveyard

Apr. 7, 2013 ? New research into Thonis-Heracleion, a sunken port-city that served as the gateway to Egypt in the first millennium BC, will be discussed at an international conference at the University of Oxford (15-17 March).

This obligatory port of entry, known as 'Thonis' by the Egyptians and 'Heracleion' by the Greeks, was where seagoing ships probably unloaded their cargoes to have them assessed by temple officials and taxes extracted before transferring them to Egyptian ships that went upriver. Before the foundation of Alexandria, it was one of the biggest commercial hubs in the Mediterranean because of its geographical position at the mouth of the Nile. The conference will also explore the wider maritime trading economy during the Late Period (664 BC until 332 BC).

The first traces of Thonis-Heracleion were found 6.5 kilometres off today's coastline by the European Institute for Underwater Archaeology (IEASM) under the direction of Franck Goddio in 2000. The Oxford Centre for Maritime Archaeology at the University of Oxford is collaborating on the project with IEASM in cooperation with Egypt's Ministry of State for Antiquities.

In the ports of the city, divers and researchers are currently examining 64 Egyptian ships, dating between the eighth and second centuries BC, many of which appear to have been deliberately sunk. The project researchers say the ships were found beautifully preserved, lying in the mud of the sea-bed. With 700 examples of different types of ancient anchor, the researchers believe this represents the largest nautical collection from the ancient world.

'The survey has revealed an enormous submerged landscape with the remains of at least two major ancient settlements within a part of the Nile delta that was crisscrossed with natural and artificial waterways,' said Dr Damian Robinson, Director of the Oxford Centre for Maritime Archaeology at the University of Oxford. Dr Robinson, who is overseeing the excavation of one of the submerged ships known as Ship 43, will discuss his first findings about the Egyptians' unique shipbuilding style. He will also shed new light on why the boats appear to have been deliberately sunk.

'One of the key questions is why several ship graveyards were created close to the port. Ship 43 appears to be part of a large cluster of at least ten other vessels in a large ship graveyard about a mile from the mouth of the River Nile,' explained Dr Robinson. 'This might not have been simple abandonment, but a means of blocking enemy ships from gaining entrance to the port-city. Seductive as this interpretation is, however, we must also consider whether these boats were sunk simply to use them for land reclamation purposes.'

The port and its harbour basins also contain a collection of customs decrees, trading weights, and evidence of coin production. The material culture, for example, coin weights, will also be discussed at the conference, placing this into the wider narrative of how maritime trade worked in the ancient world.

Elsbeth van der Wilt, working on the project from the University of Oxford, said: 'Thonis-Heracleion played an important role in the network of long-distance trade in the Eastern Mediterranean, since the city would have been the first stop for foreign merchants at the Egyptian border. Excavations in the harbour basins yielded an interesting group of lead weights, likely to have been used by both temple officials and merchants in the payment of taxes and the purchasing of goods. Amongst these are an important group of Athenian weights. They are a significant archaeological find because it is the first time that weights like these have been identified during excavations in Egypt.'

Sanda Heinz from the University of Oxford will share her findings on over 300 statuettes and amulets from the Late and Ptolemaic Periods, including Egyptian and Greek subjects. The majority depict Egyptian deities such as Osiris, Isis, and their son Horus. She said: 'The statuettes and amulets were all found underwater, and are generally in excellent condition. The statuettes allow us to examine their belief system and at the same time have wider economic implications. These figures were mass-produced at a scale hitherto unmatched in previous periods. Our findings suggest they were made primarily for Egyptians; however, there is evidence to show that some foreigners also bought them and dedicated them in temples abroad.'

Franck Goddio, Director of the European Institute of Underwater Archaeology and Visiting Senior Lecturer in Maritime Archaeology at the Oxford Centre for Maritime Archaeology, commented: 'The discoveries we have made in Thonis-Heracleion since 2000 thanks to the work of a multidisciplinary team and the support of the Hilti Foundation are encouraging. Charts of the city's monuments, ports and channels are taking shape more clearly and further crucial information is gathered each year. The conference at Oxford University will present interesting results and might bring new clues and insights of the fascinating history of Thonis-Heracleion."

Franck Goddio will make a comprehensive presentation of the sacred topography of Thonis-Heracleion resulting from12 years of archaeological works on site.

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Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_environment/~3/rIiuuqPJuBg/130407150740.htm

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Sunday, April 7, 2013

Six Americans Killed in Afghanistan Attacks (ABC News)

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Two-step ovarian cancer immunotherapy made from patients' own tumor benefits three quarters of trial patients

Apr. 6, 2013 ? As many as three quarters of advanced ovarian cancer patients appeared to respond to a new two-step immunotherapy approach -- including one patient who achieved complete remission -- according research from the Perelman School of Medicine at the University of Pennsylvania that will be presented at the AACR Annual Meeting 2013 (Presentation #LB-335).

The immunotherapy has two steps -- a personalized dendritic cell vaccination and adoptive T-cell therapy. The team reports that in the study of 31 patients, vaccination therapy alone showed about a 61 percent clinical benefit, and the combination of both therapies showed about a 75 percent benefit.

The findings offer new hope for the large number of ovarian cancer patients who relapse following treatment. The first step of the immunotherapy approach is to preserve the patient's tumor cells alive, using sterile techniques at the time of surgery so they can be used to manufacture a personalized vaccine that teaches the patient's own immune system to attack the tumor. Then, the Penn Medicine team isolates immune cells called dendritic cells from patients' blood through a process called apheresis, which is similar to the process used for blood donation. Researchers then prepare each patient's personalized vaccine by exposing her dendritic cells to the tumor tissue that was collected during surgery.

Because ovarian cancer symptoms can be stealth and easily mistaken for other issues -- constipation, weight gain, bloating, or more frequent urination -- more than 60 percent of patients are diagnosed only after the disease has spread to their lymph nodes or other distant sites in the body, when treatment is much less likely to produce a cure compared to when the disease is detected early. As the fifth leading cause of cancer-related deaths among women in the United States, it takes the lives of more than 14,000 women each year.

"Given these grim outcomes, there is definitely a vast unmet need for the development of novel, alternate therapies," said lead author Lana Kandalaft, PharmD, PhD, MTR, a research assistant professor of Obstetrics and Gynecology and director of clinical development and operations in Penn Medicine's Ovarian Cancer Research Center. "This is the first time such a combination immunotherapy approach has been used for patients with ovarian cancer, and we believe the results are leading us toward a completely new way to treat this disease."

Both treatments are given in conjunction with bevacizumab, a drug that controls the blood vessel growth that feeds tumors. Combining bevacizumab with immunotherapy makes a powerful duo, Kandalaft says. The vaccine trial is still open to accrual to test new combinatorial strategies.

The other Penn authors are Janos Tanyi, Cheryl Chiang, Daniel Powell, and George Coukos. This study was funded by a National Cancer Institute Ovarian Specialized Program of Research Excellence grant, the National Institutes of Health and the Ovarian Cancer Immunotherapy Initiative.

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Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/NgpeMoGt25w/130407090732.htm

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Lisa Steinberg: Just What the Doctor Prescribed

Tuesday nights you need to write yourself a prescription for hit FOX show The Mindy Project. Make sure you follow doctor's orders because this prescription is a guaranteed cure for whatever is ailing you! Mindy Kaling's at the helm of this charismatic show based around her vivacious character Dr. Mindy Lahiri, a single and boy-crazy gynecologist. Lahiri is juggling her career while trying to navigate single life, and for Mindy, nothing is an easy feat. Thankfully, she has a lot of misguided help and support from her friends/coworkers. What makes this not your average ensemble is that every character and actor showcases hefty comedy chops and chemistry. You don't get just one stand-out star, you get a handful. And that's what ultimately makes this show work and gel so well, everyone is a piece which creates a hilarious and well crafted comedy. With The Mindy Project you get endless hearty laughs and a lot of zany attempts at navigating life as we know it.

Kaling's team of funny and fearless friends make episodes of The Mindy Project a group effort of epic magnitude. Ed Weeks, Anna Camp, Chris Messina and Ike Barinholtz all help keep the laughs coming and bring endless support to Kaling's highly quotable and charismatic character. Weeks and Messina provide plenty of eye candy too, but the banter these boys bounce off one another as Dr. Jeremy Reed and Dr. Danny Castellano oozes with sarcasm and disdain; I love every minute of it. Barinholtz's offbeat, but good-natured Nurse Morgan could have a spinoff show of his own. His quirky and awkwardness come off as spunky and saucy, which makes him highly lovable. Anna Camp, as Mindy's best friend, plays well off of Kaling, and you can see the camaraderie and genuine affection these ladies have for one another. My only qualm is that Kaling doesn't spend enough time with Camp. She's only in a handful of episodes with small screen time, but the two make the most of their sparse scenes. Viewers are introduced to outside work female friends of Lahiri's, but they are not given a chance to get to know them on a deeper level. The show is mostly based around Lahiri's coworkers, so why are we introduced to other friends if they will not become a fuller focus or integrated more into the core dynamics? Regardless, Lahiri is flanked with friends ready and willing to do anything they can for her, and that type of consistent support is rare on television these days.

What's also wonderful about this cheeky program is that Kaling's oddball guide to dating, which includes mishaps, misunderstandings and mistakes hits home in real ways. Dating disasters occur, and while you may not want to look at Lahiri as a love guru, she certainly provides comedy, tragedy, and all the elements you look for in a dating wing woman. The Mindy Project is like the viewer gets a little bit of Sex and The City spliced with Scrubs. You get flirty and fun mixed with humor and calamity all at high-octane levels. Kaling even knows how to bring the heavy-hitting guest stars too, having locked in the likes of Seth Rogen, Common and Eva Amuri this season. Not to mention she has not left out some of her former The Office costars such as BJ Novak, Ellie Kemper, and Ed Helms. The power this program emanates is megawatt!

Another great tug of war stems from the push-and-pull chemistry between Lahiri and Castellano's characters. Often times when watching I want to yell at my television screen for Danny to man up and hook up with Mindy already! They have passion, heat, and and plenty of tension between them. With the amount of times that the two spend arguing with one another, it appears that may be just a matter of time before these two finally give in. Some of the best and long-lasting relationships start out with two people as friends and then friendship ends up blossoming into a full on hardcore romance. The first season of The Mindy Project is still in full effect, and you just never know what may happen.

Mindy brings a fresh new vibrancy to friendship, working relationships, and Tuesday night television. The show fits hand-in-hand with hit FOX comedy New Girl and batting cleanup for the evening. The Mindy Project shows women in their natural habitat and how they can be independent, vulnerable, and tenacious all in one package. Every day life may be hard to navigate, but with Mindy and her exceptional cast of characters and humor, your life will point you in a new direction. With The Mindy Project, you need to learn to let go, and expect the unexpected. You can get by with a little help from Mindy and her fabulous friends. They say that laughter is the best medicine, well, the cast of The Mindy Project are the doctors with the perfect prescription.

?

Follow Lisa Steinberg on Twitter: www.twitter.com/StarryMag

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Source: http://www.huffingtonpost.com/lisa-steinberg/just-what-the-doctor-pres_b_3026143.html

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Latam Local Services Marketplace Startup GetNinjas Raises $3M Series A To Get More Nimble By Getting More Developers

GetNinjasGetNinjas, a local services marketplace startup based in S?o Paulo, Brazil has closed a $3 million Series A round backed by new investor Otto Ventures, with existing investors Monashees and KaszeK Ventures also participating. The latter both invested in GetNinjas' 2011 seed round, which raised a total of $700,000.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/9Q2BBVlp_fg/

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Thursday, April 4, 2013

Stocks down on weak economic reports

Stocks fell on Wall Street Wednesday on weak reports on hiring and service industries. Losses were widespread among stocks with the steepest decline in banks and energy.

By Steve Rothwell,?AP Markets Writer / April 3, 2013

Specialist trader Michael O'Connor gives a price to traders on the floor at the New York Stock Exchange Wednesday. Stocks started 2013 with a rally as investors became more optimistic about the US economy, especially housing and jobs.

Brendan McDermid/Reuters

Enlarge

?Weak reports on hiring and service industries sent the?stock?market sharply lower Wednesday, giving the Dow Jones industrial average its worst day in more than a month.

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The Dow fell 111.66 points, or 0.8 percent, to 14,550.35, its worst decline since Feb. 25. The Standard & Poor's 500 index dropped 16.56 points, or 1.1 percent, to 1,553.69. Both indexes closed at record highs the day before.

The?stock?market started 2013 with a rally as investors became more optimistic about the U.S. economy, especially housing and jobs. The reports Wednesday disappointed the market and came two days after news that U.S. manufacturing growth slowed unexpectedly last month.

The losses were widespread. All 10 industry groups in the S&P 500 index fell. Banks and energy?stocks?had the worst losses, 1.7 percent and 1.6 percent. Utilities, which investors hold when they want to play it safe, fell the least, 0.3 percent.

"The market is overdue for a correction," said Joe Saluzzi at Themis Trading. "I don't think that the economy supports this type of a rally."

Signs of investor skittishness appeared across a number of different markets.

Commodities slumped. Crude oil dropped $2.74, or 2.8 percent, to close at $94.45 a barrel and industrial metals like copper fell.

The yield on the 10-year Treasury note fell to 1.81 percent from 1.86 percent, the lowest level for the benchmark rate since January. The decline means investors are moving money into low-risk U.S. government debt.

The Russell 2000 index, which tracks small company?stocks, fell for a third straight day, dropping 1.7 percent. It's now down 3.5 percent so far this week, far worse than the declines in the Dow, 0.2 percent, and the S&P, 1 percent. That's another signal that investors may be becoming more bearish about the U.S. economy.

Small company?stocks, which did better than the Dow and the S&P 500 in the first three months of the year, are more sensitive to the outlook for the U.S. economy than the larger companies in the Dow and S&P. That's because they rely far more on domestic sales than global giants like IBM and Caterpillar, which sells heavy machinery and construction equipment around the globe.

The Dow Jones Transportation Average, an index of 20?stocks?including airlines like Delta and freight companies FedEx and UPS, fell more than 1 percent for a third straight day. The index, which is regarded as a leading indicator for broader market indexes as well as the economy, has fallen 3.9 percent this week, after surging 17.9 percent in the first quarter.

U.S. service companies kept growing at a solid pace in March, but the expansion was less than economists were expecting. The Institute for Supply Management's index of service companies fell to 54.4 from 56 a month earlier. The report was the weakest in seven months.

Separately, payrolls processor ADP reported that U.S. employers added 158,000 jobs last month, down from February's gain of 237,000. The ADP report is often seen as a preview for the government's broader survey on employment, which is due out Friday.

The slowdown in hiring was due in part to construction firms holding back on adding new employees. That sent the?stocks?of homebuilders lower. PulteGroup fell 85 cent, or 4.3 percent, to $19.01 and D.R. Horton dropped 57 cents to $22.84.

In other trading, the Nasdaq composite fell 36.26 points, or 1.1 percent, to 3,218.60.

Even though?stocks?started the second quarter lower, markets typically add to their gains after ending the first quarter up, said Sam Stovall, an equity strategist at S&P Capital IQ. Using data going back over more than 60 years, Stovall says that the S&P 500 has gained an average of 9 percent from April to December after rising in the first quarter.

"Investors believe that the economic trajectory is improving," said Stovall.?Stocks?"do not reflect the true valuations based on where the economy will be at the end of the year."?

Among?stocks?making big moves:

? Zynga rose 46 cents, or 15 percent, to $3.53 after the online game maker said two casino games would debut in the United Kingdom Wednesday.

? Abercrombie & Fitch rose $1.74, or 3.8 percent, to $47.20, making it the biggest percentage gainer in the S&P 500. The company said late Tuesday that it planned to expand internationally and place greater emphasis on cost control.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/dKBBEeZVkFo/Stocks-down-on-weak-economic-reports

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Egypt under IMF spotlight as loan talks resume

By Ulf Laessing and Paul Taylor

CAIRO (Reuters) - An International Monetary Fund (IMF) team resumed long delayed negotiations with Egypt on Wednesday on a $4.8 billion loan to ease a deepening economic crisis in the most populous Arab country.

After two years of political upheaval, foreign currency reserves have fallen to critically low levels, limiting Egypt's ability to buy wheat, of which it is the world's biggest importer, and fuel.

President Mohamed Mursi's government signed a preliminary deal with the IMF in November but postponed ratification in December due to unrest ignited by a political row over the extent of Mursi's powers.

The IMF mission began by meeting finance ministry and the central bank officials and is expected to stay "a week or 10 days or more", government spokesman Alaa El Hadidi told reporters. Prime Minister Hisham Kandil will meet the team when it has completed its work, he said.

Cairo must convince the global lender it is serious about reforms aimed at boosting growth and curbing an unaffordable budget deficit. That implies tax hikes and politically risky cuts in state subsidies for fuel and food including bread.

An IMF deal has eluded Egypt for nearly two years, despite on-off talks first with an army-led government and now with Mursi's Muslim Brotherhood-controlled administration.

Economists say the IMF appears to question whether Egypt has the political consensus needed to enact reforms - doubts that months of turmoil have done nothing to ease.

Parliamentary elections that were due to start this month have been pushed back until October and a new legislature may not be in place until December.

Finance Minister Al-Mursi Al-Sayed Hegazy said on Monday the government aimed to have a loan agreement completed by the IMF's spring meetings, held on April 16-21. But IMF officials have not given a timeline and some private economists say a full deal before the parliamentary polls seems unlikely.

"Our base case is that an IMF deal is unlikely before parliamentary elections, but an emergency loan could possibly be reached in the meantime," Brahim Razgallah, an economist at JP Morgan, said.

"...Since the constitutional crisis, things have become more difficult and the political divide has widened... The IMF will insist on having a political consensus behind the reform programme."

Just before the visit, the government announced an increase in the price of subsidised cooking gas. But it has postponed plans to ration subsidised fuel using smart cards until July 1 and some reports say that date may be pushed back further.

The Egyptian pound has lost a tenth of its value against the dollar this year and is trading even lower on the black market, driving up inflation. Shortages, meanwhile, threaten to exacerbate tension in the street, where Mursi's opponents have been airing political grievances in protests that frequently turn violent.

POUND TUMBLES

The United States and the European Union have urged Egypt to build a broad political consensus in support of reforms required by an IMF programme, but the main political parties have become increasingly polarised.

U.S. Secretary of State John Kerry said on Tuesday that Egypt was at a "tipping point", telling reporters: "We share a very real concern in the Obama Administration about the direction that Egypt is apparently moving in."

"We have been working very, very hard in the last weeks to try to get the government of Egypt to reach out to the opposition, to deal with the IMF, to come to an agreement which will allow Egypt to begin to transform its economy and improve the lives of its citizens."

The leftist Popular Current party led by Hamdeen Sabahi, who came third in last year's presidential election, denounced the proposed IMF loan in a statement on its Facebook page and joined a small demonstration outside the Supreme Court on Wednesday against the mission's visit.

"This loan will lead to colonisation and the continued dependency of the Egyptian economy," Popular Current said, adding it would have negative effects on the economy and on the social and living conditions of Egyptians.

Seeking to protect the Egyptian pound, the central bank has raised interest rates, increasing the cost of borrowing needed to finance a state deficit expected to hit 12.3 percent of GDP without reforms.

An economic plan submitted to the IMF envisages cutting the deficit to 9.5 percent in the fiscal year beginning in July.

The financial crunch has forced the government to cut back on fuel imports, leading to shortages that have caused transport disruptions and power cuts. To ease shortages, Cairo has said it aims to import oil from Iraq and neighbouring Libya while paying off some of the money it owes to foreign energy firms.

Egypt has also cut back on wheat imports, running down grain reserves in the hope that a bumper harvest will be enough to feed its 84 million people.

A government statement on Wednesday said wheat reserves have fallen to 2 million tonnes, enough to last 81 days. On March 27, the government said it had a stock of 2.116 million tonnes.

Without a deal, Cairo could perhaps still limp along for several more months with help from friendly Arab states such as Qatar, but it would not be comfortable.

Source: http://news.yahoo.com/imf-egypt-face-tough-talks-4-8-bln-071942118.html

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Tensions Mount Over Gun Control Push

gty carolyn maloney tk 130403 wblog Tensions Mount Over Gun Control PushPHOTO: Rep. Carolyn Maloney, D-N.Y., at a news conference, October 2009, on the passage of House legislation for??

President Obama took his fight for tougher gun control laws to Colorado today as the debate over gun control has gotten increasingly heated, even menacing at times.

White House spokesman Jay Carney denied suggestions that the president's gun legislation was dead, telling reporters on Air Force One on the flight to Colorado that "negotiations are ongoing on a variety of pieces of this proposal in an effort to try to find the votes necessary."

Rep. Carolyn Maloney, D-N.Y., canceled a public appearance Tuesday because of death threats she received.

"Yesterday, several death threats were phoned into my New York office in response to news reports about a bill I authored requiring gun owners to have insurance. The calls were fielded by young interns, who were understandably shaken by this experience," Maloney said in a statement emailed to ABC News today.

"Given all the acts of gun violence we have seen in the past two years, the shootings in Aurora and Newtown, the attack on my friend and colleague Gabby Gifford, I take the threat of more gun violence very seriously," Maloney said.

Brian Malte of the Brady Campaign to Prevent Gun Violence called the threats against Maloney "outrageous."

"We deplore any sort of threats like that. We need to have a national conversation and a very civil discourse about what is needed in this country," Malte told ABC News.

Other gun control advocates have received similar threats since the debate over gun laws reignited in the past year.

Colorado State Rep. Rhonda Fields received threatening emails and a voicemail attempting to pressure her to drop gun reform legislation she backs in her state. Her office released excerpts from the emails, including one from Feb. 15, full of misspellings, crude and racially-charged insults, and a reference to the shooting of Rep. Giffords.

Dudley Brown, head of Rocky Mountain Gun Owners, used an ominous double entendre when discussing his opposition to more gun laws.

"I liken it to the proverbial hunting season," Brown told NPR. "We tell gun owners, 'There's a time to hunt deer. And the next election is the time to hunt Democrats.' "

While the federal government wrestles with the gun debate, states are moving ahead on their own, often in contradictory ways. Colorado state lawmakers have already passed a law requiring background checks for all gun transfers and banning high-capacity ammunition magazines. They go into effect in July.

These laws have provoked a backlash from gun ownership advocates. At least two groups have already canceled shooting competitions in the state, citing the new laws.

New York, where Mayor Bloomberg's Mayors Against Illegal Gun Violence campaign is based, passed restrictions even more quickly than Colorado. In January, the state legislature approved the SAFE Act, making it the state with the strictest gun laws in the country.

The law includes limits on ammunition capacity, assault weapons and sales of guns and ammunition.

Connecticut lawmakers, motivated by the shooting spree that took the lives of 26 children and adults at Sandyhook Elementary School, are set to impose even stricter gun laws in a state that already had some of the strictest in the country. Other states have gone in the other direction, seeking to preserve or expand protections for gun owners.

Alaskan lawmakers introduced a bill this January that would forbid enforcing federal bans on assault rifles and high-capacity magazines, according to Alaska Public Media. Arkansas lawmakers voted to allow guns in churches. In one town in Georgia, residents who don't own a gun will be in violation of the law nine days from now.

Also Read

Source: http://news.yahoo.com/tensions-mount-over-gun-control-push-220415571--abc-news-politics.html

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Wednesday, April 3, 2013

UN adopts treaty to regulate global arms trade

FILE - In this Sept. 13, 2005 file photo, the flags of member nations fly outside the General Assembly building at the United Nations headquarters in New York. The U.N. General Assembly overwhelmingly approved the first U.N. treaty regulating the multibillion-dollar international arms trade Tuesday, April 2, 2013, a goal sought for over a decade to try to keep illicit weapons out of the hands of terrorists, insurgent fighters and organized crime. The resolution adopting the landmark treaty was approved by a vote of 154 to 3 with 23 abstentions. Iran, North Korea and Syria voted "no" on Tuesday's resolution. (AP Photo/Adam Rountree, File)

FILE - In this Sept. 13, 2005 file photo, the flags of member nations fly outside the General Assembly building at the United Nations headquarters in New York. The U.N. General Assembly overwhelmingly approved the first U.N. treaty regulating the multibillion-dollar international arms trade Tuesday, April 2, 2013, a goal sought for over a decade to try to keep illicit weapons out of the hands of terrorists, insurgent fighters and organized crime. The resolution adopting the landmark treaty was approved by a vote of 154 to 3 with 23 abstentions. Iran, North Korea and Syria voted "no" on Tuesday's resolution. (AP Photo/Adam Rountree, File)

(AP) ? The U.N. General Assembly overwhelmingly approved the first international treaty regulating the multibillion-dollar global arms trade Tuesday, after a more than decade-long campaign to keep weapons from falling into the hands of terrorists, warlords, organized crime figures and human rights violators.

Loud cheers erupted in the assembly chamber as the electronic board flashed the final vote: 154 in favor, 3 against and 23 abstentions.

"This is a victory for the world's people," U.N. Secretary-General Ban Ki-moon said. "The Arms Trade Treaty will make it more difficult for deadly weapons to be diverted into the illicit market. ... It will be a powerful new tool in our efforts to prevent grave human rights abuses or violations of international humanitarian law."

The United States, the world's biggest arms exporter, voted yes.

Iran, North Korea and Syria ? all facing arms embargoes ? cast the only no votes. They argued, among other things, that the agreement favors major arms suppliers like the U.S. over importers that need weapons for self-defense.

Russia and China, which are also major arms exporters, abstained along with India and Indonesia, while nuclear-armed Pakistan voted in favor. Many Arab countries, including Egypt, Saudi Arabia, Sudan and Qatar, abstained, while Lebanon voted yes.

Never before has there been a treaty regulating the global arms trade, which is estimated to be worth $60 billion today and which Amnesty International predicts will exceed $100 billion in the next four years.

"Today's victory shows that ordinary people who care about protecting human rights can fight back to stop the gun lobby dead in its tracks, helping to save countless lives," said Frank Jannuzi, deputy executive director of Amnesty International USA.

"The voices of reason triumphed over skeptics, treaty opponents and dealers in death to establish a revolutionary treaty that constitutes a major step toward keeping assault rifles, rocket-propelled grenades and other weapons out of the hands of despots and warlords who use them to kill and maim civilians, recruit child soldiers and commit other serious abuses."

What impact the treaty will actually have remains to be seen. It will take effect 90 days after 50 countries ratify it, and a lot will depend on which ones ratify and which ones don't, and how stringently it is implemented.

As for its chances of being ratified by the U.S., the powerful National Rifle Association has vehemently opposed it, and it is likely to face stiff resistance from conservatives in the Senate, where it needs two-thirds to win ratification.

Secretary of State John Kerry called it a "strong, effective and implementable" treaty and stressed that it applies only to international deals and "reaffirms the sovereign right of any state to regulate arms within its territory."

The treaty prohibits countries that ratify it from exporting conventional weapons if they violate arms embargoes, or if they promote acts of genocide, crimes against humanity or war crimes, or if they could be used in attacks against civilians or schools and hospitals.

Countries must also evaluate whether the weapons would be used by terrorists or organized crime or would undermine peace and security. They must take measures to prevent the weapons from being diverted to the black market.

The treaty covers battle tanks, armored combat vehicles, large-caliber artillery systems, combat aircraft, attack helicopters, warships, missiles and missile launchers, and small arms and light weapons.

Enforcement is left up to the nations that ratify it. The pact requires these countries to assist each other in investigating and prosecuting violations.

"The treaty is a noble gesture that may over time acquire the kind of precedence or enforcement that would give it meaning," said Anthony Cordesman, an analyst at the Center for Strategic and International Studies in Washington. "At this point it is more a declaration of principles ? and the arms trade is an area where many people don't have principles."

Supporters of the treaty agreed that it is just a first step and that it must be followed by a campaign for implementation.

"The hard work starts now," said Juan Manuel Gomez Robledo, Mexico's vice minister for multilateral affairs.

Australian Ambassador Peter Woolcott, who chaired the negotiations, said the U.S. "played a hugely constructive role" in pushing the treaty through the United Nations.

"Obviously, as the world's largest exporter, it would be unfortunate for the Arms Trade Treaty if the U.S. didn't sign it, but obviously it's a sovereign decision for them," he said.

Hopes for adoption of the treaty by consensus instead of a vote were dashed last July when the U.S. said it needed more time to consider it.

At the end of the final negotiating conference last week, Iran, North Korea and Syria blocked another attempt at consensus. Over those countries' objections, the treaty's supporters decided to put it to a vote in the General Assembly.

Proponents of the treaty said it could make it much harder for regimes committing human rights violations to acquire arms, in conflicts such as the brutal civil war in Syria.

"The treaty's prohibition section, if it were in force today, would prohibit the ongoing supply of weapons and parts and components to the Assad regime in Syria," said Daryl Kimball, executive director of the independent Washington-based Arms Control Association.

___

Associated Press writers Ron DePasquale at the United Nations and Desmond Butler in Washington contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2013-04-02-UN-UN-Arms-Trade-Treaty/id-e7a988139a494a05927d46a20cd56fc0

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Tuesday, April 2, 2013

FDA says longer use of nicotine gum is OK

RICHMOND, Va. (AP) ? The Food and Drug Administration says smokers who are trying to quit can safely use over-the counter nicotine gum, patches and lozenges for longer than previously recommended in a move to help millions of Americans kick the habit.

Current labels suggest consumers stop smoking or using other products containing nicotine when they begin using the products to help them quit and that they should stop using nicotine replacement products after 12 weeks at most.

The federal agency said Monday that the makers of gum and other nicotine replacement products can change the labels that say not to smoke when using the products. The FDA also said the companies can let consumers know that they can use the products for longer periods as part of a plan to quit smoking, as long as they are talking to their doctor.

Nicotine replacement products, designed to help people stop smoking by supplying controlled amounts of nicotine to ease the withdrawal symptoms, were first approved about 30 years ago and have since gone from prescription to over-the-counter within the last 17 years. However, when they were approved for over-the-counter use little reliable data existed on the safety of long-term use or use of more than one product containing nicotine, the FDA said.

In recent years, the agency said, a number of stakeholders in public health have suggested the current labels were barriers for smokers that are trying to quit because they'd relapse if they stopped using the nicotine-replacement products after the suggested time period, and they'd abandon their attempt to quit if they had a cigarette while using them.

More than 45 million Americans smoke cigarettes and about half try to quit every year, according to the Centers for Disease Control and Prevention.

Smoking is the leading cause of preventable illness and death in the U.S. and is responsible for the majority of the nation's lung cancer deaths. It's also a factor in heart attacks and a variety of illnesses.

The agency hopes the recommended changes will "allow more people to use these products effectively for smoking cessation and that tobacco dependence will decline," FDA Commissioner Margaret Hamburg said in a statement.

The makers of the nicotine replacement products must seek approval to change their labels, but the FDA said the companies can cite the studies used by the agency.

GlaxoSmithKline, the leading seller of nicotine-replacement therapy products under the Nicorette and NicoDerm CQ brands, called the FDA's action a "positive step to help more smokers quit." It plans to work with the FDA to make changes to its product labeling "as soon as possible."

The move by the FDA comes less than a week after government health officials launched the second round of a graphic ad campaign designed to get smokers off tobacco. The CDC campaign cost $48 million and includes TV, radio and online spots as well as print ads and billboards.

The ads feature sad, real-life stories: There is Terrie, a North Carolina woman who lost her voice box. Bill, a diabetic smoker from Michigan who lost his leg. And Aden, a 7-year-old boy from New York, who has asthma attacks from secondhand smoke.

Last year's similar $54 million campaign was the agency's first and largest national advertising effort. The government deemed it a success: That campaign triggered an increase of 200,000 calls to quit lines. The CDC believes that likely prompted tens of thousands of smokers to quit based on calculations that a certain percentage of callers do actually stop.

Meanwhile, the FDA said it is missing a Monday deadline to submit three tobacco-related reports to Congress, which the agency said are nearing completion. It also is missing another deadline to publish a consumer-friendly list of the levels of dangerous chemicals found in cigarettes and other tobacco products, as well as tobacco company testing and reporting requirements for ingredients and additives.

There are no penalties for forgoing the deadlines outlined in the 2009 law that gave the FDA authority to regulate a number of aspects of tobacco marketing and manufacturing

___

Michael Felberbaum can be reached at http://www.twitter.com/MLFelberbaum .

Source: http://news.yahoo.com/fda-says-longer-nicotine-gum-ok-174643143--finance.html

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Tests to predict heart problems and stroke may be more useful predictor of memory loss than dementia tests

Apr. 1, 2013 ? Risk prediction tools that estimate future risk of heart disease and stroke may be more useful predictors of future decline in cognitive abilities, or memory and thinking, than a dementia risk score, according to a new study published in the April 2, 2013, print issue of Neurology?, the medical journal of the American Academy of Neurology.

"This is the first study that compares these risk scores with a dementia risk score to study decline in cognitive abilities 10 years later," said Sara Kaffashian, PhD, with the French National Institute of Health and Medical Research (INSERM) in Paris, France.

The study involved 7,830 men and women with an average age of 55. Risk of heart disease and stroke (cardiovascular disease) and risk of dementia were calculated for each participant at the beginning of the study. The heart disease risk score included the following risk factors: age, blood pressure, treatment for high blood pressure, high density lipoprotein (HDL) cholesterol, total cholesterol, smoking, and diabetes. The stroke risk score included age, blood pressure, treatment for high blood pressure, diabetes, smoking, history of heart disease, and presence of cardiac arrhythmia (irregular heart beat).

The dementia risk score included age, education, blood pressure, body mass index (BMI), total cholesterol, exercise, and whether a person had the APOE ?4 gene, a gene associated with dementia.

Memory and thinking abilities were measured three times over 10 years.

The study found that all three risk scores predicted 10-year decline in multiple cognitive tests. However, heart disease risk scores showed stronger links with cognitive decline than a dementia risk score. Both heart and stroke risk were associated with decline in all cognitive tests except memory; dementia risk was not linked with decline in memory and verbal fluency.

"Although the dementia and cardiovascular risk scores all predict cognitive decline starting in late middle age, cardiovascular risk scores may have an advantage over the dementia risk score for use in prevention and for targeting changeable risk factors since they are already used by many physicians. The findings also emphasize the importance of risk factors for cardiovascular disease such as high cholesterol and high blood pressure in not only increasing risk of heart disease and stroke but also having a negative impact on cognitive abilities," said Kaffashian.

The study was supported by R?gion Ile-de-France, the Medical Research Council, the British Heart Foundation, the Health and Safety Executive, the French Department of Health, the National Heart, Lung, and Blood Institute, the National Institutes of Health, National Institute on Aging, Agency for Health Care Policy Research and the John D. and Catherine T. MacArthur Foundation.

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The above story is reprinted from materials provided by American Academy of Neurology (AAN).

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


Journal Reference:

  1. S. Kaffashian, A. Dugravot, A. Elbaz, M. J. Shipley, S. Sabia, M. Kivimaki, A. Singh-Manoux. Predicting cognitive decline: A dementia risk score vs the Framingham vascular risk scores. Neurology, 2013; 80 (14): 1300 DOI: 10.1212/WNL.0b013e31828ab370

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

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

Source: http://feeds.sciencedaily.com/~r/sciencedaily/most_popular/~3/mow4998kM6k/130401181317.htm

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Insight: China's losing battle against state-backed polluters

By David Stanway

SHANGHANG COUNTY, China (Reuters) - When Zijin Mining Group threatened to move its headquarters some 270 kms from its home county of Shanghang to Xiamen on China's southeast coast, a local Communist Party boss rushed to confront the company's chairman Chen Jinghe.

"If you want to move, you'll have to move the Zijin Mountain to Xiamen as well," the official told Chen, referring to a vast local mine that has helped transform the firm into China's top gold producer and second-biggest copper miner.

The exchange, recited with some pride by local residents, reflects the anxieties felt by regional governments as they consider the prospect of losing their biggest cash-cows.

It also highlights the challenges facing Beijing as it tries to take on entrenched local bureaucracies and the powerful state-owned polluters they sponsor and protect, with the central government desperate to address decades of chronic environmental damage and force growth-addicted provinces to raise standards.

"The problem is that they still chase profit," said one resident outside a store near Zijin's Shanghang headquarters who did not want to give his name. "Protecting the environment is like taking medicine, and they don't want that."

Zijin Mining is one of China's biggest state-owned firms, with projects in 20 provinces and seven countries. In 2010, it was rocked by two major pollution scandals that cost it millions of yuan in fines and compensation payments and battered the share price of its listed vehicles in Shanghai and Hong Kong. It had already been reprimanded by the Ministry of Environmental Protection for failing to meet standards and its reputation was now badly damaged.

In Shanghang itself, a 9,100 cubic meter torrent of toxic slurry from the Zijin Mountain gold-copper mine burst through a tailings dam and entered the Ting river, killing 4 million fish. It took nine days before Zijin admitted a problem had occurred, prompting accusations of a cover-up by state media.

But Shanghang is a one-company town, and the Zijin Mountain mine dominates the landscape and the economy, providing 70 percent of local revenues and most of the county's jobs.

DON'T RISK JOBS, ECONOMY

Zijin's largesse has helped build a highway connecting Shanghang to the rest of Fujian province and has funded a building boom. While residents remain wary, the local government is reluctant to do anything that could jeopardize growth.

Shen Hongbo, a professor at Shanghai's Fudan University who studied the 2010 incidents, believes the Zijin case is of "universal significance" and raises questions that apply to hundreds of state-owned firms and their government sponsors.

Hugely dependent on the tax revenues and jobs provided by big polluting firms, local authorities have long been regarded as one of the biggest obstacles to Beijing's promises to reverse decades of environmental damage. State news agency Xinhua said in a strongly-worded editorial in March that "blame lies in governments at different levels" for chasing growth and letting environmental problems fester.

According to a proposal submitted by delegates at last month's National People's Congress, there have been more than 30 serious incidents of heavy metal pollution in the past three years, and many were caused by "regional governments blindly pursuing economic development, as well as law enforcement and supervision not being strong enough".

China has the laws, but its ability to enforce them is weak, especially in the face of giant firms that pour millions into otherwise bereft local government coffers. Critics say Beijing also lacks the will to tackle the problem.

"People want growth. People want development, but they don't accept that this should happen at the expense of their quality of life, and even the health of their children, but it's very hard to hold the local government accountable," said Ma Jun, head of the Institute of Public and Environmental Affairs (IPE), a non-profit group that monitors pollution across China.

Neither Zijin Mining nor the local government in Shanghang responded to interview requests by Reuters for this article.

GOVERNMENT CAPTURE

Like many state-owned firms, Zijin is more than just an enterprise, and has benefited from a vast state support system giving it access to cheap credit and a blind eye when it comes to pollution. Its dominance of the local economy also means that many officials think that what's good for Zijin is generally good for the community at large.

The situation is made worse by the fact that state firms like Zijin were carved out of mining bureaus and never quite lost their role as arms of the government, maintaining old relationships and channels of communication as well as running hospitals, schools or retirement homes. For many residents seeking to complain about pollution, it is often difficult to see where the company ends and the state begins.

"The problem tends to involve the capture of the government by various interests - these problems are exacerbated when the company actually is the government," said Alex Wang, professor at Berkeley and an expert in China's environmental legislation.

At the time of the 2010 accident, the head of Zijin's supervisory board was Lin Shuiqing, formerly the local Shanghang government boss, and he remains in position. Other top company officials, including those on Zijin's Communist Party committee, also served as local bureaucrats or legislators. Zijin's largest shareholder is an arm of Shanghang's state-owned assets bureau.

All of which, in Shanghang and elsewhere, makes it tough for a relatively low-status environmental official to call a huge and powerful company to account.

"I sense that local environmental agencies are very sincere and really want to clean up, but then they get a call from the vice-mayor and are told the company is very important and shouldn't be touched," said Ma at the IPE.

Two months after the Shanghang spill, another dam burst at a Zijin mine in Guangdong province. The authorities eventually stepped in, firing and prosecuting company officials and imposing punitive fines. The Ministry of Environmental Protection has since used those punishments to show its ability to enforce its laws has been strengthened, but experts say that while Beijing is often forced to response to catastrophes, chronic, day-to-day pollution continues unabated.

"Job one is economic growth, and if the side-effects of that create some sort of crisis, then the system is designed to react, but not before," said Berkeley's Wang.

HAVING IT BOTH WAYS

After apologizing for the 2010 incidents, "which not only caused social disputes but also tarnished our brand and damaged our reputation," Zijin chairman Chen said the company's "good deeds" should also be recognized.

The company has spent 80 million yuan ($12.9 million)rehabilitating and landscaping parts of the old mine and has built a "national mining park", opened late last year. Reuters was not given permission to see the park during a visit, but Zijin said it also set up a botanical garden and a golf course.

Zijin has also contributed 114 million yuan to a local water project and donated to flood relief in Fujian. But it is its overall contribution to the local economy that demonstrate how indispensable it has become to the government.

The rugged, mountainous county of Shanghang is undergoing a transformation, largely on the back of the high commodity prices that have driven up Zijin Mining's profits and boosted tax revenues. Huge cranes bow over the horizon, and new concrete blocks dominate the skyline. Immaculate high-speed roads connect Shanghang to the rest of Fujian, and Zijin says it has invested billions of yuan in local business start-ups, creating thousands of new jobs.

Shen, the Fudan professor, said a local official's prospects tend to depend on short-term achievements, including bursts of spectacular growth or a big infrastructure project, while long-term problems like pollution tend to be ignored.

While the overriding focus remains on economic growth, local officials are marked down if they fail to improve the environment, but they have tended to try to have it both ways, encouraging big companies like Zijin to spend heavily on high-profile environmental projects such as parks and land reclamation without risking disruption to economic activity.

"Local cities and government officials have been able to channel more investment money towards environmental infrastructure," said Wang. "But we've not seen any significant improvements in basic bread-and-butter environmental regulation - the business of monitoring facilities and making sure they comply with pollution standards."

"NO AWAKENING"

Zijin has had no major incident since 2010, and has worked to regain public trust, though local residents remain wary.

"The river - we wouldn't drink from that because there is pollution and you have to go to higher ground," said one elderly resident at a convenience store near the foot of Zijin Mountain who would only give his surname, Lin. "We heard rumors of more pollution recently," he added. "We don't know what goes into the water - they don't tell us, so it's safer not to drink it."

Last December, Zijin was forced to deny rumors of another pollution crisis, admitting that cracks in one of its pits had allowed a small amount of slurry to enter an emergency reservoir. But the company is still allowed to pollute with relative impunity, mainly because it is under no pressure from Beijing to disclose what it is discharging.

Less than a year after the Fujian spill, Zijin was lobbying for more lenient treatment during talks with the government on proposed amendments to China's environmental laws, people attending those meetings told Reuters. "There was no sign of any environmental awakening - they were up to their old tricks, lobbying for looser standards," said an NGO representative.

In remote and impoverished Guizhou province, another broken tailings dam at Zijin's Shuiyin gold mine in Zhenfeng in 2006 sent around 200,000 cubic meters of waste into two downstream reservoirs. Six years later, residents said one of the reservoirs remained out of bounds.

Calls to the local government in Zhenfeng went unanswered.

UNDER SUNLIGHT

Experts - and central government - agree that if China wants to enforce its environmental rules, it first needs to establish a monitoring system that will at least put big firms under pressure to mend their ways.

"We must improve our legal system and raise environmental standards, and prevent pollution and environmental damage," vice-environmental minister Wu Xiaoqing told reporters in mid-March. "Only through measures such as laws, standards, policies and so on can we solve the problem (caused by) the low cost of breaking the law and the high cost of complying with it."

Like other big state-owned industrial enterprises, Zijin Mining is not yet under any pressure to disclose its emissions, and there is no real-time monitoring system that will allow Beijing to enforce national standards.

"We have created more than 20 laws on the environment, but still there is not a single one that requires a corporation to tell people what type of pollutants, toxins and metals they discharge, and what the volume is," said the IPE's Ma.

"The best way to change this situation is to put it under sunlight," he said. "It would be difficult for local governments (to protect big firms) if it was all made public."

($1 = 6.2140 Chinese yuan)

(Editing by Ian Geoghegan)

Source: http://news.yahoo.com/insight-chinas-losing-battle-against-state-backed-polluters-011647725.html

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